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Canada wildfire evacuees can't get news media on Facebook and Instagram. Some find workarounds
Canada wildfire evacuees can't get news media on Facebook and Instagram. Some find workarounds
Canadian news outlets have been blocked on Facebook and Instagram because of a dispute with the Canadian government
2023-08-19 04:24
Dollar hits 5-week high on inflation worries; lira drops, baht soars
Dollar hits 5-week high on inflation worries; lira drops, baht soars
By Kevin Buckland TOKYO The U.S. dollar rose to a five-week high against major peers on Monday as
2023-05-15 10:50
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:27
UBS says Credit Suisse CEO Koerner to join leadership of combined group
UBS says Credit Suisse CEO Koerner to join leadership of combined group
ZURICH UBS Group said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the
2023-05-09 13:21
Bruised Stocks Face Week Full of Tests, From Nvidia to Powell
Bruised Stocks Face Week Full of Tests, From Nvidia to Powell
Equity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead,
2023-08-20 21:20
Chinese Police Arrest Woman Who Defended Comic’s Military Joke
Chinese Police Arrest Woman Who Defended Comic’s Military Joke
Chinese authorities have arrested a woman for insulting the People’s Liberation Army, after she defended a comedian’s joke
2023-05-18 11:46
Berkshire Hathaway sells $25.8 million worth of shares in China's BYD
Berkshire Hathaway sells $25.8 million worth of shares in China's BYD
HONG KONG Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 820,500 Hong Kong-listed shares of
2023-10-31 17:26
Congressman Henry Cuellar Is Victim of Carjacking in Washington
Congressman Henry Cuellar Is Victim of Carjacking in Washington
Representative Henry Cuellar, a veteran Texas Democrat, was the victim of a carjacking in Washington on Monday night,
2023-10-03 13:15
ExxonMobil loses bid to truck millions of gallons of crude oil through central California
ExxonMobil loses bid to truck millions of gallons of crude oil through central California
ExxonMobil has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years
2023-09-28 09:23
Normal operations return to MGM Resorts 10 days after cyberattack, casino company says
Normal operations return to MGM Resorts 10 days after cyberattack, casino company says
Casino company MGM Resorts International says it has restored computer systems at properties across the U.S., 10 days after a cyberattack led to the shutdown of its computer systems
2023-09-21 03:48
China’s Shandong launches promotion activity of
China’s Shandong launches promotion activity of "Friendly Shandong, remarkable Shandong"
BEIJING--(BUSINESS WIRE)--Nov 11, 2023--
2023-11-12 11:49
Amazon union is sued by former members seeking a new election for union officers
Amazon union is sued by former members seeking a new election for union officers
The union that successfully organized an Amazon warehouse in New York is being sued by some former members who claim the union is violating its own constitution
2023-07-12 02:16