27, Judge Arthur Engoron ruled that the former president, his sons, Donald and Eric, and his business partners committed fraud, NPR reports.
.
On Sept.
27, Judge Arthur Engoron ruled that the former president, his sons, Donald and Eric, and his business partners committed fraud, NPR reports.
.
The partial summary judgment pertains to the lawsuit filed by NY Attorney General Letitia James.
James filed suit last year following
a three-year investigation.
She accused Trump and his team of fraudulent business practices such as inflating the value of the former president's business and real estate holdings.
.
She accused Trump and his team of fraudulent business practices such as inflating the value of the former president's business and real estate holdings.
.
Engoron found that Trump's
net worth was indeed exaggerated
in order to close deals and secure more financing.
.
As a result, he has ordered their business licenses to be revoked in New York.
An independent monitor will also continue
to oversee the Trump Organization.
.
Eric Trump called the ruling "corrupt and coordinated" and an attempt "to destroy my father and kick him out of New York.".
Six other claims against the defendants will be argued at trial, which is set to begin on Oct.
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Trump’s Civil Fraud Judgement Bond , Is Reduced to $175 Million.
On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days.
collection of his $454 million civil fraud judgement will be paused, AP reports. .
The payment would also stop the state from seizing any of Trump's assets during the appeals process. .
A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. .
The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .
The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .
The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling.
What he’s done is such a
disservice and should never
be allowed to happen again, Donald Trump, via statement.
So I greatly respect the decision
of the Appellate Division, and I’ll post
either $175 billion in cash or bonds
for security or whatever is necessary,
very quickly, within the 10 days. , Donald Trump, via statement.
And I thank the Appellate Division
for acting quickly, but Judge Engoron
is a disgrace to this country, and this
should not be allowed to happen, Donald Trump, via statement.
However, James' office points out that the judgement still stands, even if collection is paused. .
Donald Trump is still facing
accountability for his staggering fraud, Letitia James' office, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Be , a Better Neighbor.
You don't even know
your neighbors, do you?.
Per a Pew Research study conducted in 2018, only a quarter of adults under 30
said they know even one of their neighbors.
A fostered sense of community may be what's missing in your young life.
A fostered sense of community may be what's missing in your young life.
Here are a few ways to
become a better neighbor:.
Say
Hello.
Obvious, yes, but the logical first
step to becoming a better neighbor
is to introduce yourself.
Don't do anything grandiose so you
don't come on too strong.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
Small Acts
of Kindness.
Show your neighbors that you can
be a kind and generous person.
Always clean up after your pets,
and don't litter.
Connect.
Often it may feel easier to just go home, but experts believe human connection is worth the effort.
Overcoming the initial anxiety may trouble you, but meeting new people could increase your happiness
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Are You in a Creative Rut? , Here's How to Stay Inspired.
Have you had a hard time accessing the creative part of your brain lately?.
Maybe you're hoping for a magical breakthrough
like something you'd see in a movie.
Experts say it may not be so easy, but it's still possible to pull yourself out of a creative rut if you keep these things in mind:.
Creativity Is for Everyone.
Most folks are creative, and experts
say you don't have to be a genius
to harness the power.
I think we are already
creative beings and
how you use that
[creativity] is
up to you, Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
You don't need to have particular skills; you don't need to have
particular materials. , Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
Take a Break.
Experts say allowing your brain to de-stimulate is great practice
if your schedule allows. .
What our brains actually need is periods of destimulation, Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
which means no screens, no emails, no audiobooks. , Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
Don't Force
Yourself.
Experts say don't use stress as a tool
to get things done.
Being overly reliant on pressure and stress may deepen your creative rut.
It could also increase chances of
anxiety attacks and depression
Credit: Wibbitz Top Stories Duration: 01:30Published
How to Be , More Timely.
Have you been rolling out
of bed with minutes to spare?.
Maybe you've been wondering to yourself: "where does all the time go?".
Strive to be on time with these helpful tips:.
Timeliness is
a Sign of Respect.
Being timely can project respect for ourselves and others.
I think it's very important to be on time. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
You can always let time pass, but you can't
get it back once it's already gone. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Plan Ahead.
For the chronically late, experts
say it helps to have a plan.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Help yourself by picking out tomorrow's outfit today. Pack your bag, and confirm appropriate directions before you depart.
Be Honest With Yourself and Others.
Everybody is late for something now and then. True character is how you respond to it.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
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