Quantcast
Channel: Business Insider
Viewing all 66342 articles
Browse latest View live

The cofounder of The Hard Rock Cafe sold his mansion on Billionaire's Beach in Malibu for $110 million last year — and it set 2 real-estate records

$
0
0

Malibu Carbon Beach

  • A home on Billionaire's Beach in Malibu, California, sold for $110 million in April 2018 — the most expensive home sale in Los Angeles County history.
  • That price also makes it the most expensive house sold in the US in 2018.
  • The cofounder of the Hard Rock Cafe chain sold the beachfront property to a natural gas billionaire.
  • Billionaire's Beach is home to several notable residents, including Oracle cofounder Larry Ellison.

In April, Peter Morton, cofounder of the Hard Rock Cafe chain, set a mind-boggling record for Los Angeles real estate.

The restaurateur sold his beachfront Malibu, California, home to natural gas billionaire Michael S. Smith and his wife, for $110 million, or about $15,860 per square foot. It's officially the most expensive home sale in Los Angeles County history according to the Los Angeles Times. The price tag also makes it the most expensive home sold in the US in 2018, according to The Wall Street Journal.

The 6,934-square-foot mansion sits on the shores of Carbon Beach, a 1.5-mile stretch of sand between the iconic Pacific Coast Highway and the glistening Pacific Ocean nicknamed "Billionaire's Beach" as an homage to the ultra-wealthy residents who call it home. 

Up until mid-2015, the beach was largely closed off to the public. But after a decades-long, complicated legal battle between the state and homeowners, its 70-plus residences share their backyard with tourists and beachgoers from sun up to sun down.

malibu carbon beach most expensive sale

Malibu's previous record sale took place in 2017 when David Geffen, the billionaire founder of Asylum Records and Geffen Records and cofounder of DreamWorks, sold his Carbon Beach compound to Los Angeles Dodgers owner and Guggenheim Partners CEO Mark Walter for $85 million.

The $110 million compound comes with a notable neighbor. Oracle founder Larry Ellison owns the homes on either side, just two of the 10 properties he reportedly owns on Carbon Beach.

Read more: After a decades-long legal battle, beachgoers can stroll through billionaires' backyards on a 1.5-mile stretch of sand in Malibu

The $110 million sale is only for the structure — none of the high-end furniture or Morton's expensive artwork collection is included. Set on an estimated two-thirds of an acre, the property contains two separate buildings: A main residence with four en suite bedrooms and a two-story guest house with another three en suite bedrooms. There's also a lap pool and courtyard on the property. Operable teak wood shutters surround the exterior, in addition to bronze and concrete finishes. 

Malibu Carbon Beach

Not much else is known about the home's interiors or amenities, as the deal was completed off-market between Branden and Rayni Williams of Williams & Williams Estates at Hilton & Hyland and Barry Peele of Sotheby’s International Realty.

Morton has reportedly owned the land on Carbon Beach since the 1990s. The home was designed by architect Richard Meier and completed in 2006, the same year Morton sold the Hard Rock Hotel & Casino in Las Vegas for $770 million. A decade earlier he sold his shares in the Hard Rock Cafe for a profit of $300 million, according to the LA Times.

This isn't the first time Moron's real estate dealings have made headlines. In late 2012, he bought Elvis Presley's old Beverly Hills mansion for $9.8 million and renovated it before selling it off-market just one year later for $14.5 million.

SEE ALSO: Nobody wants to buy Warren Buffett's $11 million Southern California vacation home — take a look inside

DON'T MISS: America's richest people buy homes in 'power markets' — here are the 17 most expensive and exclusive places

Join the conversation about this story »

NOW WATCH: We tried the Costco food court and it totally blew us away


The 27 US states where millionaires face the highest taxes

$
0
0

Rich Person America

The new GOP tax law may be shaking things up this tax season, but the gist remains the same: The more money you make, the more taxes you pay.

That's because America operates on a progressive tax system— as a person earns more and progresses through tax brackets, their tax rate increases for each level of income.

To get your taxable income, subtract the standard deduction from your annual income. Your tax bracket applies only to the amount you earn above the minimum income threshold for that bracket. For income below that limit, you pay the same federal income tax amount as everyone else, even if they earn less overall.

But that's at the federal level — when it comes to state income tax, how much you owe varies by state, especially if you're a top earner.

Using the Tax Foundation, we found the top 27 states with the highest top tax bracket for single filers in 2018. Most states operate like the federal government and impose marginal tax rates, some impose a flat tax, and a few don't tax income at all.

Below, see the states where top earners face a tax rate of 6% or more. Several states impose the same top tax rate; in the event of a tie, the states are ranked alphabetically.

SEE ALSO: Here's a look at what the new income tax brackets mean for every type of US taxpayer this year

DON'T MISS: The IRS can't pay out tax refunds during the partial government shutdown, and it's the biggest problem for people who need it the most

12 (TIE). Virginia

Top tax bracket for single filers: $17,000 or more

Top tax rate for single filers: 6%



12 (TIE). Missouri

Top tax bracket for single filers: $9,072 or more

Top tax rate for single filers: 6%



12 (TIE). Maryland

Top tax bracket for single filers: $250,000 or more

Top tax rate for single filers: 6%



See the rest of the story at Business Insider

Watch a 23-year-old try a makeup tutorial from the 1960s

The lawyer who threatened to call ICE on people speaking Spanish is being sued for malpractice for his viral racist rant

$
0
0

aaron schlossberg

  • Lawyer Aaron Schlossberg went viral in May for a racist rant in which he threatened to call Immigration and Customs Enforcement on people speaking Spanish in a New York restaurant.
  • Niche Media Group, one of the companies that dropped him as a client, is now suing him.
  • It argues that Schlossberg "should have known that his multiple public racist outbursts would reflect poorly on himself, his clients, and his profession" and therefore conducted malpractice and broke his contract with the company.

One of Aaron Schlossberg's former clients is suing him for $50,000, claiming the lawyer hurt the company and conducted malpractice by going on a viral racist rant.

In January 2018, Niche Media Group, a small record label based in Pittsburgh, hired Schlossberg to represent it in a lawsuit against Sony Music Entertainment. It's arguing that Schlossberg's rant hurt its case and wants him to pay damages.

In May, Schlossberg went viral for threatening to call Immigration and Customs Enforcement (ICE) when employees spoke Spanish at a restaurant in Manhattan. 

"Your clients and your staff are speaking Spanish to staff when they should be speaking English," he told the restaurant's manager. "This is America."

"My guess is they're undocumented, so my next call is to ICE to have each one of them taken out of my country," he continued. "If they have the balls to come here and live off my money — I pay for their welfare. I pay for their ability to be here."

As the video spread, Schlossberg lost clients, fielded bad reviews on his website, was kicked out of his office space, and had to listen to a mariachi band stationed outside his apartment before he finally apologized a week later. Niche Media Group is among the companies that dropped him.

Read more:'I am not a racist': The lawyer who threatened to call ICE on people speaking Spanish finally apologized

Niche Media Group is arguing that it suffered reputational damage from Schlossberg's fallout. It was identified as one of his clients by an article in Variety, which discussed the company's lawsuits represented by Schlossberg. To contain its own fallout, the company had to spend resources finding a new lawyer and getting them up to speed, the company said. It also led to lost business with artists and streaming platforms, according to the label.

That damage constitutes malpractice and breach of contract, Niche Media Group argues in its lawsuit, filed Thursday in New York state court.

"Schlossberg knew or reasonably should have known that his multiple public racist outbursts would reflect poorly on himself, his clients, and his profession," the company said in its lawsuit. "In committing his public racist outbursts Schlossberg 'failed to exercise the ordinarily reasonable skill and knowledge commonly possessed by a member of the legal profession.'"

Niche Media Group asked for at least $50,000 in damages, as well as any other costs associated with its lawsuit.

Though Schlossberg has been condemned by local lawmakers, he remains in good standing with the New York bar and doesn't have any disciplinary record, according to The American Lawyer.

Aaron Schlossberg and representatives for Niche Media Group didn't immediately respond to INSIDER's request for comment.

Visit INSIDER's homepage for more.

Join the conversation about this story »

NOW WATCH: An exercise scientist reveals exactly how long you need to work out to get in great shape

Russia is reportedly working on a longer-range version of the deadly Kalibr cruise missile its adversaries already fear

$
0
0

A long-range Kalibr cruise missile is launched by a Russian Navy ship in the eastern Mediterranean

  • Russian state media, citing unnamed sources, reports that Russia is developing a new long-range nuclear cruise missile — the Kalibr-M.
  • While the Kalibr missiles in service only have a range of 2,000 km, the new missiles will reportedly have a range of 4,500 km — about 2,800 miles.
  • Senior US defense officials have described the Kalibr missile as "very capable," noting that it has quite a range.

The Russian Navy is apparently developing a new long-range cruise missile, Russia's state-run Tass News Agency reported Tuesday, citing a source in the military-industrial complex.

The weapon in the works is reportedly the new Kalibr-M cruise missile, a ship-launched weapon able to deliver a precision strike with a conventional or nuclear warhead as far as 2,800 miles away. That's roughly three times of the range of the US's Block III TLAM-C Tomahawk cruise missiles.

The new missile will be carried by large surface ships and nuclear submarines once it is delivered to the fleet, which is expected to occur before the conclusion of the state armament program in 2027.

The Kalibr-M, with a warhead weighing one metric ton, is said to be larger than the Kalibr missiles currently in service, which are suspected to have a range of roughly 2,000 km (roughly 1,200 miles).

Although state media, citing its unnamed source, reported that the Russian defense ministry is financing the weapon's development, Russia has not officially confirmed that the navy is working on the new Kalibr-M cruise missile.

Senior US defense officials have previously expressed concern over the existing Kalibr missiles, noting, in particular, the weapon's range.

A long-range Kalibr cruise missile launched by the Russian Navy Admiral Essen frigate in the Mediterranean Sea.

"You know, Russia is not 10 feet tall, but they do have capabilities that keep me vigilant, concerned," Adm. James Foggo III, commander of US Naval Forces Europe, told reporters at the Pentagon last October.

"They're firing the Kalibr missile, very capable missile," he explained. "It has a range which, if launched from any of the seas around Europe, ... could range any one of the capitals of Europe. That is a concern to me, and it's a concern to my NATO partners and friends."

The Kalibr missile, around since the 1990s, made its combat debut in attacks on Syria in 2015.

Russia is, according to a recent report from the Washington Free Beacon, planning to deploy these long-range precision-strike cruise missiles on warships and submarines for Atlantic Ocean patrols.

SEE ALSO: Russia's submarines are showing they can strike deep inside Europe, and they've got the US Navy on edge

Join the conversation about this story »

NOW WATCH: North Korea's leader Kim Jong Un is 35 — here's how he became one of the world's scariest dictators

Sears is set to close hundreds of stores as a potential liquidation looms — but prices might increase instead of plummet (SHLD)

$
0
0

Sears

Sears is closing hundreds of stores. But, that doesn't mean shoppers should expect blowout sales. 

On Tuesday, Reuters reported that Sears will ask a bankruptcy judge to liquidate, which would result in the closure of all Sears and Kmart stores. 

The company has closed hundreds of stores in recent years as it has struggled to keep Sears and Kmart alive. In the most recent announcement, Sears revealed plans to close 80 more locations by March 2019. If Sears liquidates, all of the 687 Kmart and Sears stores that remained open when the company filed for bankruptcy in mid-October will close. 

Customers may assume that the liquidation sales would result in massive deals. However, checking the prices, they are likely to notice something entirely different. 

When a retailer liquidates, an outside liquidator is hired to get rid of inventory in stores. Often, the liquidator earns a percentage of profit from the liquidation sales. 

Read more:Sears' prices are going up during a liquidation sale — and it's a common practice at closing stores across the US

"Typically, liquidators raise prices of remaining inventory to the manufacturer's suggested retail price, then offer a discount off that price,"Business Insider's Hayley Peterson reported in 2018

"Sometimes, these deals aren't as low as what the store was previously advertising when it was trying to get rid of unsold inventory without the help of a liquidator."

One trick to make the most of liquidation sales if a Sears or Kmart near you is closing is to bide your time. Discounts are the lowest as the sales kick off, and then get steeper as the date of the store's closure grows closer. 

SEE ALSO: Sears will reportedly pursue liquidation

Join the conversation about this story »

NOW WATCH: 11 things you probably didn't know about Walmart

A teacher was reportedly fired after a video showed her dragging a boy with autism down the hall

$
0
0

teacher

  • Video footage appears to show a teacher in Kentucky dragging a 9-year-old boy by the wrists during the school day in October.
  • According to a Facebook post from Angel Nelson, the boy's mother, he "has been diagnosed with autism, ADHD, PTSD, anxiety, and depression. In addition, his speech is also limited."
  • The teacher no longer works at the school, according to a statement the Greenup County School District gave to WSAZ.
  • Also according to WSAZ, the teacher is set to be arraigned on Wednesday on a misdemeanor, fourth-degree assault charge.

A teacher in Kentucky has been fired after video footage appeared to show her dragging a 9-year-old boy with autism by the wrists, according to a statement the Greenup County School District gave to WSAZ.

According to a Facebook post from the boy's mother Angel Nelson, her son has limited speech and "has been diagnosed with autism, ADHD, PTSD, anxiety, and depression."

In the video, the teacher appears to drag the boy up and down a hallway. According to Nelson, he was "experiencing a meltdown" at the time, "which he sometimes experiences as part of his diagnoses."

Nelson also alleged that the teacher threw her son "hard down onto a chair" while they were in the classroom, but that was not recorded on video.

"Beyond this, we will never truly know what took place behind that closed door because of my son's speech limitations," Nelson wrote on Facebook.

She said the incident destroyed her son's shoes and left him with bruises and two sprained wrists.

Read more: A substitute teacher allegedly spread human feces over tables and grills at a Florida park to sabotage a 7-year-old girl's birthday party

The teacher, who has not been named, was let go on Monday — several months after the incident, which happened on October 24, Nelson wrote on Facebook.

"The teacher was removed from the school and a formal investigation was conducted," Sherry Horsely, the school district's superintendent, said in a statement to WSAZ. "The superintendent also followed protocol and reported the incident to the Kentucky Education Standards Board."

The teacher is set to be arraigned on Wednesday on a misdemeanor, fourth-degree assault charge, according to WSAZ.

"We as parents trust teachers and school staff on a daily basis to help teach and help our children succeed," Nelson wrote on Facebook. "We should never have to worry about anything like this ever happening."

A representative for the Greenup County School District didn't immediately respond to INSIDER's request for comment.

Visit INSIDER's homepage for more.

Join the conversation about this story »

NOW WATCH: 7 hidden messages you may have missed in company logos

What you need to know on Wall Street today

$
0
0

Dear Reader,

As of Wednesday, this newsletter will be moving to a new weekly format. 

The new look Finance Insider will be called Wall St Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals.

Sent every Saturday morning, this newsletter will be a weekly wrap up of the biggest stories in finance curated by senior finance editor Olivia Oran.

If you know anyone else who would be interested, they can sign up for free here. Any feedback on the new format is welcomed and appreciated.

Thanks for reading.

An investor crushing 99% of his peers breaks down 3 stocks he loves right now — one of which is ‘beating Amazon at its own game’

Just as everyone expected the stock market to ease quietly into the end of 2018, chaos reigned supreme over the final week of the year.

Faced with some of the sharpest losses of the nearly 10-year bull market, US equity indexes threw portfolio managers for a loop, disrupting many best-laid plans for year-end.

Which is why it's that much more impressive that Kyle Weaver — who oversees $5 billion as lead manager of the Fidelity Advisor Growth Opportunities Fund— has been able to remain atop Wall Street fund manager rankings. He was in the 99th percentile through the end of November, and remained there as of Jan. 4, even following the market's turbulent December.

Weaver picks stocks based on what he calls a "deep value" approach. That means he looks for companies trading at inexpensive valuations right now — perhaps at two to three times earnings — that also possess massive upside over a five- to 10-year period.

To that end, Weaver shared with Business Insider three stocks he loves right now. 

Sears will reportedly pursue liquidation 

Sears on Tuesday will ask a bankruptcy judge to liquidate after rejecting a $4.4 billion takeover bid by the company's chairman, Eddie Lampert, according to Reuters.

This would mark the end of the iconic retailer, which has survived two world wars and the Great Depression but failed to rebound from several years of sales declines under the control of Lampert, a Goldman Sachs executive turned hedge fund manager.

Lampert's hedge fund, ESL Investments, said his bid would have kept up to 50,000 of Sears' workers employed.

When Sears filed for bankruptcy in mid-October, it had 687 stores and about 68,000 workers.

Uber CEO Dara Khosrowshahi says there's a chance the company may not IPO in 2019 after all

Uber is in no rush to go public this year, according to CEO Dara Khosrowshahi.

Khosrowshahi told The Wall Street Journal in an interview published Tuesday that he and investors would be "disappointed" if there was no IPO but that "the company would be just fine."

The comments appear to be a softening of Khosrowshahi's position from last year, when he consistently said Uber was "on track" for a 2019 initial public offering.

In markets news

Join the conversation about this story »


A New York meteorologist who was fired after allegedly using a racial slur on air says he just 'spoke a little too fast'

$
0
0

Jeremy Kappell

  • Meteorologist Jeremy Kappell was fired from a Rochester television station after appearing to use a racial slur during a broadcast.
  • Local station WHEC announced Kappell's termination Monday, and local leaders released statements condemning the language Kappell appeared to use.
  • After his firing, a petition of support was posted online and social media flooded with messages of support for Kappell and his claim of a slip of the tongue gone wrong.

Meteorologist Jeremy Kappell was fired from a Rochester television station after appearing to use a racial slur during a broadcast.

Local station WHEC announced Kappell's termination Monday and apologized for airing a "racial slur" during what it said was an unscripted part of the broadcast.

When referencing the city's Martin Luther King Park, Kappell appears to say "Martin Luther Coon Park," before continuing with the rest of the broadcast.

Kappell has flatly denied using a racial slur, saying in a video posted to his Facebook page Monday night the incident was a "misunderstanding," which he blamed on his quick speaking that "jumbled" words but meant "no malice."

"If you watch me regularly you know that I tend to contain a lot of information in my weathercast, which forces me to speak fast," Kappell said, appearing alongside his tearful wife. "Unfortunately I spoke a little too fast when I was referencing Dr. Martin Luther King Jr. So fast to the point where I jumbled a couple of words."

Kappell continued: "In my mind, I knew I mispronounced but there was no malice. I had no idea the way it came across to many people."

Kappell said he had recognized the slip-up in the moment, but "moved on."

"I had no idea what some people could have interpreted that as and I know some people did interpret that the wrong way," Kappel said. "That was not a word I said, I promise you that. If you did feel that it hurt you in any way, I sincerely apologize."

Read more:YouTube’s biggest star, PewDiePie, used a racial slur in an expletive-laden outburst during a livestream

The Rochester Democrat and Chronicle reported that a video of the moment posted to Facebook drew strong reactions. 

Station General Manager Richard Reingold released a statement Monday that confirmed Kappell had been fired because of the incident.

"These words have no place on News10NBC's air, and the fact that we broadcast them disheartens and disgusts me; that it was not caught immediately is inexcusable," Reingold wrote. "I regret that we did not immediately interrupt our broadcast and apologize on the spot."

The Rochester Association of Black Journalists condemned the "clearly racist language" in a statement from its president.

Rochester Mayor Lovely Warren said in a statement released Sunday criticized the station's two-day delay in announcing Kappel's termination, and said that the incident was part of a "larger issue in the community."

"An issue that is exemplified by the response of management at Channel 10," Warren wrote, "It took the station nearly two days to apologize, and only after the station was shamed into doing so by a backlash on social media."

Warren went on to reference an article from the Rochester Democrat and Chronicle, concluding that the area's local media was prone to mishandling racially sensitive issues and stories.

"This incident, along with the very recent news article containing a racially-charged accusation calling an African-American judge a "Carpetbagger," demonstrates the need for greater cultural sensitivity and competency within the local media," Warren said.

The article had followed Judge Melissa Barrett's process of establishing residency in Rochester to complete her appointment to fill a vacancy in City Court.

Scores on social media hit back against the decision

After the station announced his firing Monday evening, Kappell's Twitter was flooded with messages of support, many of which he retweeted.

Many tweets seem to come from listeners who support Kappell's claim of misspeaking, with one user saying it was "clumsy, silly verbal fumble."

Another user criticized Reingold's response and decision to fire Kappell, suggesting he was influenced by a "lynch mob."

A Change.org petition demanding Kappell back on air had over 5,200 signatures as of Tuesday morning.

Join the conversation about this story »

NOW WATCH: We tried the Costco food court and it totally blew us away

Nearly three-quarters of bills will be paid digitally by 2022 — this is how banks can stay ahead of the trillion-dollar opportunity

$
0
0

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year.

Bill Pay MarketThat market is growing slowly, but it’s changing fast — more than ever before, customers are moving away from paying bills via check or cash and toward paying online, either through their banks, the billers themselves, or using a third-party app.

Thanks to rising customer familiarity with digital payments, an increase in purchasing power among younger consumers more interested in digital bill pay, and a rise in digital payment options, nearly three-quarters of bills will be paid digitally by 2022, representing a big opportunity for players across the space.

In theory, banks should be in a great position to capitalize on this shift. Nearly all banks offer bill payment functionality, and it’s a popular feature. Issuers also boast an existing engaged digital user base, and make these payments secure. But that isn’t what’s happening — even as digital bill pay becomes more commonplace, banks are losing ground to billers and third-party players. And that’s not poised to change unless banks do, since issuer bill pay is least popular among the youngest customers, who will be the most important in the coming year.

For banks, then, that makes innovation important. Taking steps to grow bill pay’s share can be a tough sell for digital strategists and executives leading money movement at banks, and done wrong, it can be costly, since it often requires robust technological investments. But, if banks do it right, bill pay marks a strong opportunity to add and engage customers, and in turn, grow overall lifetime value while shrinking attrition.

Business Insider Intelligence has put together a detailed report that explains the US bill pay market, identifies the major inflection points for change and what’s driving it, and provides concrete strategies and recommendations for banks looking to improve their digital bill pay offerings.

Here are some key takeaways from the report:

  • The bill pay market in the US, worth $3.9 trillion, is growing slowly. But digital bill payment volume is rising at a rapid clip — half of all bills are now digital, and that share will likely expand to over 75% by 2022. 
  • Customers find it easiest to pay their bills at their billers directly, either through one-off or recurring payments. Bank-based offerings are commonplace, but barebones, which means they fail to appeal to key demographics.
  • Issuers should work to reclaim bill payment share, since bill pay is an effective engagement tool that can increase customer stickiness, grow lifetime status, and boost primary bank status.  
  • Banks need to make their offerings as secure and convenient as biller direct, market bill pay across channels, and build bill pay into digital money management functionality.

In full, the report:

  • Sizes the US bill pay market, and estimates where it’s poised to go next.
  • Evaluates the impact that digital will have on bill pay in the US and who is poised to capitalize on that shift.
  • Identifies three key areas in which issuers can improve their bill pay offerings to gain share and explains why issuers are losing ground in these categories.
  • Issues recommendations and defines concrete steps that banks can take as a means of gaining share back and reaping the benefits of digital bill pay engagement.

Join the conversation about this story »

Truck drivers fear for their safety on the road — but the vast majority of them face a much bigger threat

$
0
0

george wilson in driver seat

  • Trucking isn't just dangerous because you're out on the open road, controlling an 80,000-pound vehicle.
  • It's also hazardous because of long-term health effects that arise from sitting all day and poor food options at trucking stops.
  • While trucking is being championed as a well-paid job that doesn't require a college degree, the Centers for Disease Control and Prevention said truck drivers face "a constellation of chronic disease risk factors." 

George Wilson misses his eight-foot-by-eight-foot home.

It had two beds, two dogs, and a little kitchen. Without a stove, he cooked hot dogs for himself and his wife in the microwave. His German Shepard Toby Won Kenobi, named after the Star Wars character, liked to lie on the ground.

Wilson was a long-haul truck driver for ten years and, like most truckers, he lived where he worked — in this case, in the cabin of a 50-foot truck. 

But he had to leave the industry in 2016. He went from weighing less than 300 pounds to nearly 470 pounds over the course of his driving career and developed diabetes and serious breathing problems.

"It's just not healthy whatsoever, the truck driver lifestyle," Wilson told Business Insider. 

Truck driving and other driving jobs have the seventh-highest work injury fatality rate in the country. In 2016, the latest year for which data is available, 660 large truck occupants died in crashes involving a large truck. 

But when it comes to what's really discouraging drivers from staying in the industry, University of Pennsylvania professor Steve Viscelli, who studies labor markets and automation, pointed to the health risks involving a sedentary lifestyle and poor food availability.

"The salaries are not high enough to justify the number of hours worked and the health, family, and social consequences of this work," Viscelli told Business Insider. 

trucker health

The majority of truck drivers are obese and smoke

Long-haul truck drivers face "a constellation of chronic disease risk factors,"the Centers for Disease Control and Prevention wrote in 2014.

Truck stops, the only places drivers can efficiently park and eat while on the road, are more likely to stock cheeseburgers and Salisbury steaks than salads or fresh fruit. A few but increasing number of truck stops offer gyms. One is seated for up to 11 hours a day, and there's clearly no standing desk options for truck drivers. 

"The drivers like me, they want to make money. They're just sitting there driving all day long. You want the quickest, easiest food, because if the truck's not moving, you're not making money," Wilson said.

Nearly seven in 10 truck drivers were obese and 17% were morbidly obese, which is defined as 100 pounds over your ideal weight, according to CDC research. Among all working American adults, one-third are obese and 7% are morbidly obese. 

"We need decent restaurants or food that is something beside stinking McDonald's or Subway and things like that," 51-year-old Steve Manley, who has been driving for more than 20 years, told Business Insider. "Trucking will leave you with a messed up back and many other problems if you are not very careful."

george wilson cooking

Truck driving is marked with other risky health behaviors, according to the CDC study. More than half of truckers are currently cigarette smokers, compared to 19% of the general population.

And nearly two-third of long-haul drivers reported having one of the following risk factors: hypertension, obesity, smoking, high cholesterol, no physical activity, and six or fewer hours of sleep per 24‐hr period.

Wilson hasn't driven for two years, and he's happy to report he has lost more than 100 pounds. 

"Thank God I'm back down to 350, but I still need to lose more," Wilson said. "I kind of have a hard time losing it."

Afflicted by sleep apnea, Wilson still needs an breathing machine to sleep and says his diabetes is "out of control."

"Truck driving really changed me and my health," Wilson told Business Insider. "It's easy to understand why the industry is going to fail."

Are you a truck driver with a story about the industry? Email the author at rpremack@businessinsider.com.

SEE ALSO: Truck drivers say the latest measure to keep roads safe has left them 'chained up,' 'more reckless than ever,' and unable to support their families

Join the conversation about this story »

NOW WATCH: Here's what it's like to drive trains on London's Tube — one of the most complicated subway systems in the world

Lindsay Lohan reacts to the viral video of her dancing: 'It's so embarrassing to me now'

$
0
0

lindsay lohan fallon

  • Lindsay Lohan finally shared her thoughts on her #DoTheLiLo dance that went viral in September 2018.
  • "It's so embarrassing to me now, you have to understand that," Lohan said during an appearance on NBC's "Tonight Show Starring Jimmy Fallon" on Monday. "I'm never dancing again."
  • The moment took place in Mykonos, Greece during a Pride celebration at her beach club. 

 

Lindsay Lohan is reacting to her #DoTheLilo dance that went viral, and says she's not too proud of it. 

During an appearance on NBC's "Tonight Show Starring Jimmy Fallon" on Monday, the actress got candid about her moves, which turned into a dance challenge after she was seen partying in Mykonos, Greece.

"It's so embarrassing to me now, you have to understand that," Lohan told Fallon. "I'm never dancing again."

Lohan explained that she was attending a Pride party at her beach club and was pulled on stage to dance. The 32-year-old added that she didn't realize she would become a viral sensation until people informed her later. 

Fallon went on to show viewers the video of the "Parent Trap" star flipping her hair, stepping from side to side, and spinning.

In September 2018, Lohan reposted the video, which was taken in Greece, where she owns a nightclub in Athens and a beach house in Rhodes. She challenged her followers to put their own spin on the dance. In addition to fans joining in, celebrities like Busy Philipps also shared their versions of the #DoTheLiLo.

During a recent appearance on ABC's "GMA," Lohan joked that her spontaneous moment now seems "almost like a mistake."

Fans also caught a glimpse of the infamous moves in a trailer for Lohan's new MTV reality show, called "Lindsay Lohan's Beach Club." The series premieres on Tuesday at 8 p.m. ET and will focus on Lohan managing a team of servers, hosts, and bartenders at her establishment. 

Watch Lohan's "Tonight Show" interview in the video below (she talks about the viral dance at 3:38). 

Visit INSIDER's homepage for more.   

Join the conversation about this story »

NOW WATCH: Saturn is officially losing its rings — and they're disappearing much faster than scientists had anticipated

Netflix's 'The Kominsky Method' won 2 Golden Globes, but isn't even in the top 100 US streaming shows

$
0
0

kominsky method

  • Netflix's new series, "The Kominsky Method," won two Golden Globes on Sunday, including best comedy series.
  • The show flew under the radar until the Globes, and data from Parrot Analytics suggests it's not a major hit so far from an audience reach perspective.
  • But those who have seen it seem to like it, as besides its Globes wins, it has an 80% Rotten Tomatoes critics score, and a 94% audience score.

 

Netflix's "The Kominsky Method," starring Michael Douglas and Alan Arkin, won two Golden Globes on Sunday, despite flying mostly under the radar. Data from research company Parrot Analytics suggests that the show hasn't been a major hit for Netflix from an audience reach perspective.

The new series, which debuted in November on the streaming giant, snagged three nominations and two wins at this year's Golden Globes, including best comedy series and best actor in a comedy (Douglas).

But it didn't have much buzz going into the award show. Parrot told Business Insider that the show was ranked "just below" its top 100 streaming shows in the US in the week leading up to the Globes (December 31 to January 6).

READ MORE: Netflix won 5 Golden Globes for TV shows and movies including some surprise victories

Parrot Analytics measures "demand expressions," its globally standardized TV demand measurement unit. Audience demand reflects the desire, engagement, and viewership weighted by importance, so a stream or download is a higher expression of demand than a "like" or comment on social media.

Parrot's findings track with social-media reaction during the Golden Globes. After the show's two wins, many Twitter users joked about how they had never heard of"The Kominsky Method."In the comedy category, the show was up against last year's winner, Amazon's "The Marvelous Mrs. Maisel"; HBO's "Barry"; NBC's "The Good Place"; and Showtime's "Kidding," starring Jim Carrey.

Netflix describes the series like this: "Acting coach Sandy Kominsky and best friend Norman Newlander keep each other laughing as they navigate the ups and downs of getting older."

Critics have been positive about the show, but not blown away. It has an 80% Rotten Tomatoes critic score. Those who did like it praised the acting of Douglas and Arkin, two giants in the industry.

"Seeing these two Oscar-winning actors play off each other is like an acting workshop in itself,"Jana Monji wrote for RogerEbert.com.

Viewers who have seen it have been more enthusiastic than critics, and the show currently has a 94% audience score from over 100 user ratings on Rotten Tomatoes.

SEE ALSO: Netflix's hit British series, 'Bodyguard,' won a Golden Globe and has a 92% on Rotten Tomatoes

Join the conversation about this story »

NOW WATCH: A drag ballet troupe has been performing around the world for nearly 50 years

Russian lawyer Natalia Veselnitskaya charged with obstruction in major Russian money-laundering case

$
0
0

Natalia Veselnitskaya

  • New York federal prosecutors on Tuesday charged the Kremlin-allied lawyer Natalia Veselnitskaya with obstruction of justice in a major Russian money-laundering case that was settled in 2017.
  • The case, which centered around whether the Russian real-estate firm Prevezon laundered millions into New York real estate, drew attention at the time because of its ties to a separate $230 million Russian tax-fraud scheme that implicated several high-level Kremlin officials and prompted the passage of the 2012 Magnitsky Act.
  • When the US government asked the Russian government for help in investigating the Prevezon case, the Russian government refused and sent over a memo that sought to exonerate Prevezon.
  • According to Tuesday's indictment, Veselnitskaya, who represented Prevezon in the case, was instrumental in drafting the memo and "in doing so, Veselnitskaya obstructed the civil proceeding."

Natalia Veselnitskaya, the Kremlin-connected lawyer at the center of a June 2016 Trump Tower meeting between Trump campaign officials and several Russians, was charged Tuesday with obstruction of justice in a separate case, The New York Times reported.

Federal prosecutors in New York indicted Veselnitskaya for seeking to hamper a Justice Department investigation into an alleged money laundering operation that involved an elaborate Russian tax-fraud scheme and implicated high-level Kremlin officials.

At the center of the case is the Russian state-owned real-estate company Prevezon, which is incorporated in Cyprus. Federal investigators had been probing whether Prevezon laundered millions of dollars into New York City real estate, and the Southern District of New York reached a settlement with Prevezon in May 2017 for $6 million.

At the time, the case drew attention because of its connection to a $230 million Russian tax fraud scheme and the Russian lawyer Sergei Magnitsky, whose suspicious death in a Russian prison prompted the passage of the 2012 Magnitsky Act, which blacklists wealthy Russians suspected of human-rights abuses.

According to Tuesday's indictment against Veselnitskaya, after the Justice Department asked the Kremlin for help in its investigation, the Russian government refused the request and responded with a letter that sought to exonerate Russian officials and Prevezon employees from blame.

The document said Veselnitskaya, who represented Prevezon in the case, secretly cooperated with a top Russian prosecutor in drafting Russia's response and, "in doing so, Veselnitskaya obstructed the civil proceeding."

Join the conversation about this story »

NOW WATCH: MSNBC host Chris Hayes thinks President Trump's stance on China is 'not at all crazy'

Investigators are reportedly looking into whether the woman who gave birth in a vegetative state was assaulted multiple times and may have to get warrants for staffers' DNA

$
0
0

Phoenix Hacienda HealthCare nursing home 2x1

  • New details are emerging about the investigation into a Phoenix, Arizona, nursing facility where a woman — who has been in a vegetative state for more than a decade — gave birth to a baby late last month.
  • According to CBS affiliate Arizona's Family, investigators are looking to DNA test staff at the facility, but they legally can't force them to take swabs.
  • Investigators are also trying to figure out whether any staff members knew that the woman was pregnant and didn't report it, sources told ABC 15.
  • Hacienda did not respond to INSIDER's request for comment. The Phoenix Police said they could not confirm the reports. 

The investigation into a Phoenix, Arizona, nursing facility where a patient gave birth late last month, despite having been in a vegetative state for more than a decade, appears to be ramping up.

According to local reports, investigators are hoping to get DNA samples from staff, and are looking into the possibility that the victim, described by CBS affiliate Arizona's Family as a 29-year-old Native American woman, was assaulted repeatedly.

But there may be some complications in obtaining the DNA samples from workers.

A source told CBS 5 reporter Briana Whitney that Phoenix Police can't force any of the workers to give a DNA sample "right now," but they may be able to get warrants to make any workers who refuse to give a sample submit one.

cops outside hacienda healthcare

Sources also told ABC 15 in another report that investigators are looking into whether the patient suffered multiple sexual assaults, "including assaults on different parts of the body." It's unclear what evidence they have for this line of inquiry.

The sources added to the news outlet that investigators are evaluating other patients at the facility for signs of abuse.

Arizona's Family was the first to break the story of the surprise birth last week. In the report, a source told the outlet that staffers didn't know that the woman was pregnant until she went into labor.

Read more:Police are investigating a sexual assault after a woman who has been in a vegetative state for over a decade gave birth

Now sources are telling ABC 15 that investigators are looking into whether that's true. The sources told the local TV station that the woman had a "bump" and they are trying to determine whether anyone at the facility knew about the pregnancy and either didn't report it or actively covered it up.

Hacienda Healthcare's longtime CEO Bill Timmons resigned on Monday following news of the birth.

The organization released this statement in response to the incident:

"As an organization, Hacienda HealthCare stands fully committed to getting to the truth of what, for us, represents an unprecedented matter. We are already conducting a comprehensive internal review of our processes, protocols, and people to ensure that every single Hacienda resident is as safe and well cared for as possible. Anything less than that is unacceptable to our team, our company’s leaders and the communities we serve."

Hacienda didn't immediately respond to INSIDER's request for comment on Tuesday. INSIDER also reached out to the Phoenix Police Department, and a spokesman said they could not confirm any of the reports about the investigation.

Join the conversation about this story »

NOW WATCH: This tiny building in Wilmington, Delaware is home to 300,000 businesses


Kevin Spacey's lawyers are arguing that the teen accusing him of sexual assault lied about his age and was flirting with the actor

$
0
0

kevin spacey

  • Kevin Spacey's lawyers are arguing that his accuser had a consensual interaction with the actor and lied about his age, according to a court filing obtained by INSIDER.
  • Spacey pleaded not guilty on Monday to an indecent assault charge in the case, based in Massachusetts, where prosecutors say he groped an 18-year-old.
  • Sixteen people in total have accused Spacey of sexual assault, and he's under investigation in Los Angeles County and London.
  • He has denied all of the allegations against him.

After pleading not guilty to an indecent assault charge on Monday, Kevin Spacey's lawyers argued in a court filing that his accuser flirted with him, lied about his age, and accepted drinks from him.

The man is accusing Spacey of groping him without his consent at a bar when he was 18 years old, in 2016.

In his court motion, Spacey's lawyers request that the court preserve phone text messages and Snapchat messages between the accuser and his girlfriend at the time, whom the accuser told about the alleged assaultaccording to police.

The lawyers also argue that Spacey's interaction with the man was a "mutual and consensual flirtation," and accuse him of lying about his identity. In the filing, Spacey is referred to as his legal name, Kevin Fowler. INSIDER is redacting the name of the accuser.

"[The accuser] created an entirely false persona," the filing says. "He claimed he was a 23-year-old college student studying business at Wake Forest University. In fact, aside from his name, everything [the accuser] told Mr. Fowler was a lie."

Kevin Spacey Build series may 2017 Getty

The case, based in Nantucket, Massachusetts, is the first sexual assault charge brought against Spacey.

Read more: Kevin Spacey pleaded not guilty and a judge ordered him to stay away from one of his alleged victims in the first sexual assault case filed against him

In the filing, Spacey's lawyers said his interaction was consensual because the man "did not object to the alleged touching" and "did not ask Mr. Fowler to stop and he did not remove himself from the situation."

"He welcomed drinks from Mr. Fowler, let Mr. Fowler put his arm around him near the piano while they did 'sing-alongs,' and even left the bar with him to smoke a cigarette after giving Mr. Fowler his phone number," the filing says. "At best, this describes two people engaged in mutual and consensual flirtation, nothing more."

In the accuser's original filing, he said he didn't ask Spacey to stop touching him because he froze. And in the police report, obtained by The Smoking Gun, he said he tried to shift away from Spacey but Spacey "kept reaching down his pants."

In addition to the charges Spacey faces in Nantucket, he is the subject of investigations in Los Angeles County and London. Prosecutors in Los Angeles County declined to charge him in one case, citing the statute of limitations. Sixteen people have publicly accused Spacey of sexual misconduct in total, all of which the actor denies.

Join the conversation about this story »

NOW WATCH: Japanese lifestyle guru Marie Kondo explains how to organize your home once and never again

We tried 3 of Sephora’s top-rated curling wands to see if they're worth the money

$
0
0

If you want to buy one, use this link. We'll make some money to support our videos: https://insder.co/CurveCreativeCurlWand https://insder.co/CurlIconBaseKit https://insder.co/SinglePassCurlProfessional

Join the conversation about this story »

The Stories Slide Deck: How Stories stack up across social platforms (FB, SNAP)

$
0
0

In the last few years, there’s been a major shift as to how consumers interact with social media.

Rather than posting content that lives on the platform in perpetuity, users are now posting and viewing more “Stories,” video or images that live for only 24 hours.The Stories Slide Deck

Many platforms have introduced some form of Stories format — whether it be Facebook, Instagram, Snapchat or WhatsApp. Snapchat was the company to introduce it to the world, but Instagram has surpassed it in terms of volume and perhaps usability.

Business Insider Intelligence has compiled a slide deck that looks into how Stories work on Instagram and Snapchat, and how brands and publishers should be using the Stories feature to reach their audiences.

This exclusive deck can be yours for FREE today. As an added bonus, you will gain immediate access to our exclusive BI Intelligence Daily newsletter.

To get your copy of the FREE slide deck, simply click here.

Join the conversation about this story »

5 easy ways to make your pasta healthier

$
0
0

twirling spaghetti pasta eating dinner food pasta bolognese parmesan

  • Lean proteins make a bowl of pasta a nutritious meal.
  • Fresh herbs add flavor and nutrients without calories or fat.
  • Using alternative flour pasta is an easy health swap.

Pasta may not be the healthiest food in your pantry, but there are endless ways to make a pasta meal healthier. Often, that comes with adding some healthy additions. 

"Enhancing pasta with a few simple swaps is a great way for people to effortlessly make small changes to their diets that will yield significant results," said health research psychologist Bethany D. Lavins-Merillat whose work focuses on judgment, decision making, and how to help people make simple changes to engage in positive health behaviors.

If you struggle to make healthy, or healthier choices or really have no desire to eliminate pasta from your diet, add these ingredients to your next bowl of noodles for a healthier meal.

Add a veggie.

"Veggies not only add additional fiber to your diet but also enhance the flavor of the meal," says Lavins-Merillat. "Think outside the box, and if you can, purchase higher quality ingredients - such as San Marzano tomatoes instead of the traditional canned ones for a red sauce, and organic items on the 'dirty dozen' such as bell peppers, spinach, beans and squash. You will taste the difference and it will leave you feeling more satisfied with your meal."

Greens like spinach or kale are also easy stir-ins, as they wilt with hot pasta. For red sauces, consider blending up cooked vegetables like squash, zucchini or peppers, which enhance the flavor and add extra vitamins. If you're eating longer noodles, try for a half-and-half ratio between spaghetti or linguine and spiralized veggie noodles.



Make the sauce from scratch.

Making your own sauce can only take a few more minutes than reheating a jar of marinara.

"All you need is a bit of olive oil and some fresh Parmesan cheese— upgrade to buying a block and grating it fresh if you are ambitious — for a simple flavor enhancer," said Lavins-Merillat.

You can also cook tomatoes with garlic and herbs for fresh tomato sauce or whip up a healthier Alfredo with cashew cream.



Use fresh herbs.

"Fresh herbs are a great way to kick up the flavor without added calories," said Lavins-Merillat. Try growing basil and other herbs at home so you always have them on hand.



See the rest of the story at Business Insider

Marc Jacobs poses in the same T-shirt that's at the center of a lawsuit with Nirvana after the band says the design looks 'virtually identical' to their logo

$
0
0

Marc Jacobs Bootleg Redux Grunge T-Shirt

  • On Sunday, designer Marc Jacobs posed for an Instagram photo wearing a T-shirt from a recent collection that is the subject of a lawsuit against him.
  • The $115 black Bootleg Grunge Tee features the word "Heaven" printed above a yellow smiley face.
  • Nirvana is suing the designer for his use of the smiley face symbol, which the band's attorneys claim is "virtually identical" to their own copyright-protected logo, in the Marc Jacobs Redux Grunge collection.
  • On December 28, TMZ was the first to report on the legal complaint filed against Marc Jacobs, as well as retailers of the designer, Saks Fifth Avenue and Neiman Marcus.
  • The band is seeking compensation from Jacobs and his retailers because they feel that the brand's similar design will mislead customers.
  • Representatives for Nirvana declined to comment. Representatives for Marc Jacobs did not immediately reply to INSIDER's request for comment. 

On December 28, 2018, Nirvana filed a legal complaint against fashion designer Marc Jacobs.

The rock band is suing the designer for his use of a smiley face symbol, which Nirvana's attorneys claim is "virtually identical" to their logo, in the Marc Jacobs Redux Grunge collection.

Jacobs has yet to publicly comment on the lawsuit, but he continues to wear designs from the same collection, which is currently available on the designer's website.

Jacobs has continued to wear the design since the complaint was filed

While Jacobs has yet to publicly comment on the lawsuit, the designer posted a photo to Instagram on Sunday in which he is wearing the T-shirt in question.

Captioned "Heading home," the photo shows Jacob sitting next to his dog in what appears to be a private plane.

Heading home. #beyondgrateful @nevillejacobs photo @1.800.newbold

A post shared by Marc Jacobs (@themarcjacobs) on Jan 6, 2019 at 6:45am PST on

Nirvana is suing Marc Jacobs for using a logo that is 'virtually identical' to its 'copyright-protected design and logo'

When Nirvana filed a complaint against Marc Jacobs, as well as Saks Fifth Avenue and Neiman Marcus, on December 28, 2018, the band cited the designer's use of a smiley face symbol on the $115 Bootleg Grunge Tee. As first reported by TMZ, attorneys for the band argued in the complaint that "Nirvana has used that copyright-protected design and logo continuously since 1992 to identify its music." 

Marc Jacobs Bootleg Redux Grunge T-Shirt

"A significant portion of the consuming public assumes that all goods or services that bear the logo are endorsed by or associated with Nirvana,” the complaint said.

Nirvana shirt

The complaint also says that Marc Jacobs referenced Nirvana throughout the marketing campaign for the collection, used lyrics written by the band in advertisements, and posted a meme that used a clip of Nirvana's song "Smells Like Teen Spirit" on the official Marc Jacobs Tumblr account. The alleged meme no longer appears on the Marc Jacobs Tumblr account.

The band is seeking compensation from Jacobs and his retailers because they feel that the brand's similar design will mislead customers

Nirvana is suing for "compensatory and punitive damages for the harm ... caused," according to the complaint. The band is also requesting that Jacobs and its retailers stop selling and promoting the collection immediately.

Throughout the complaint, attorneys describe Jacobs' design as being "virtually identical" to Nirvana's logo, which can be "misleading" for customers who associate the smiley face with the band. Similarly, Nirvana's attorneys argue that the band previously sold clothing emblazoned with its smiley face, and that Jacobs' designs feature such "minor differences" that they are "unlikely to be noticed by the consuming public."

The band's representatives also say that Jacobs' choice to use the symbol was "intentional," and that the designer wanted to "make the 'Grunge' association with the collection more authentic." As a result, Nirvana's representatives argue that Jacobs is attempting to "mislead the public into falsely believing that Nirvana endorses the entire [...] collection."

Read more: A Nirvana fan leaked unreleased songs from the band after buying a lost recording session on eBay

Kurt Cobain designed Nirvana's smiley face logo in 1991

According to the complaint, Nirvana frontman Kurt Cobain designed the band's smiley face in 1991. It was then licensed in 1992, and registered for a copyright in 1993.

Nirvana shirt

According to Jacobs, the Redux Grunge collection was designed to honor the beginning of his career

In November 2018, Jacobs announced that he would be reissuing pieces from a grunge collection that he had originally designed for Perry Ellis back in 1993.

While the collection didn't take off at the time — it resulted in Jacobs being fired from his job at Perry Ellis— the designer said that the new line represents his resolution to make his fashion vision a reality. 

"The 'Grunge' collection epitomized the first time in my professional career I was unwavering in my determination to see my vision come to life on the runway, without creative compromise,"Jacobs said in a press release.

Members of Nirvana were said to have been opposed to the original grunge collection designed by Jacobs in 1993

In an interview with Women's Wear Daily, Cobain's ex-wife Courtney Love said that the couple burned pieces of Jacobs' original designs.

Kurt Cobain performs at MTV Live and Loud in December 1993

"Marc sent me and Kurt [Cobain] his Perry Ellis grunge collection," Love told Women's Wear Daily. "Do you know what we did with it? We burned it. We were punkers — we didn't like that kind of thing."

The lawsuit comes after nearly two years of increasing backlash aimed at Jacobs and his namesake brand

In August 2017, the designer received widespread criticism for his choice to have white models walk the runway wearing dreadlocks. Jacobs responded one year later in an interview with InStyle, saying that his choice was "insensitive."

"What I learned from that whole thing, what caused me to pause after it died down a little bit, was that maybe I just don't have the language for this," Jacobs told InStyle. "Or maybe I've been insensitive because I operate so inside my little bubble of fashion."

kendall jenner dreads

Nearly one year after Jacobs spoke to InStyle, a June 2018 report from The New York Times detailed the label's apparent downfall. Business Insider has also reported on the changing brand; reporter Mary Hanbury noted that designs from Jacobs were being sold at TJ Maxx with heavy discounts, capturing some of the brand's reported struggles.

Representatives for Nirvana declined to comment. Representatives for Marc Jacobs did not immediately reply to INSIDER's request for comment.

Join the conversation about this story »

NOW WATCH: I went on Beyoncé's 22-day diet — and I lost 15 pounds

Viewing all 66342 articles
Browse latest View live




Latest Images