From TradeBriefs International <[email protected]>
Subject Goldman and Apple 'illegally sidestepped' obligations to credit-card customers: CFPB - Oct 24, 2024
Date October 24, 2024 1:55 PM
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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

Olivia Munn Shows Her Mastectomy Scars in the Latest Skims Campaign -
The Cut

“I’m done being insecure about my scars.”

Continued here [[link removed]}&lead=419599&emailid=83334&nl=international]

_TradeBriefs: Newsletters for Decision-Makers!_

Work

Goldman and Apple 'illegally sidestepped' obligations to credit-card
customers: CFPB
[[link removed]}&lead=419599&emailid=83334&nl=international]
The CFPB fined Goldman and Apple $89.8 million for mishandling
transaction disputes and banned Goldman from launching a new credit
card unless it demonstrates "it can actually follow the law."

Work

We’re in the Golden Age of Garbage Clothing | The Walrus
[[link removed]}&lead=419599&emailid=83334&nl=international]
The closest thing I have to a family heirloom is a black miniskirt.
It’s perfect—above the knee but not too short. The pleating and
A-line shape give it a modish look without being too era specific. My
mother bought it for herself sometime in the 1970s. She passed it
along to a younger cousin. My older sister had it next, before I
appropriated it in my teens. The label reads “Gaytown Sportswear,
Toronto.”















Work

Paper mills: the ‘cartel-like’ companies behind fraudulent
scientific journals
[[link removed]}&lead=419599&emailid=83334&nl=international]
Rizqy Amelia Zein does not work for, consult, own shares in or receive
funding from any company or organisation that would benefit from this
article, and has disclosed no relevant affiliations beyond their
academic appointment.

Work

Applications to MBA programs soar - WSJ [[link removed]}&lead=419599&emailid=83334&nl=international]
Applications to M.B.A. programs increased 12% in 2024, according to a
new survey by the Graduate Management Admission Council, a nonprofit
that tracks application trends at leading graduate business schools
worldwide.














Work

Breaking up Google is a fool’s game - WSJ [[link removed]}&lead=419599&emailid=83334&nl=international]
A word to the Justice Department, which is considering whether to push
for a breakup of Google to spur competition in the online search
market: Don’t. We’ve seen this movie before and it ended poorly.
The 1984 breakup of AT&T was supposed to ignite competition and
innovation but did the opposite. If we rush to dismantle Google, we
risk undermining our global competitiveness against China and other
adversaries.

Work

The secretive billionaire network funding ‘Stop the Steal’ 2.0 -
WSJ [[link removed]}&lead=419599&emailid=83334&nl=international]
When Donald Trump refused to concede the 2020 election, he and his
allies led a chaotic effort to overturn the results, spreading
conspiracy theories, filing dozens of unsuccessful lawsuits and
encouraging “Stop the Steal" protests that culminated in the assault
on the Capitol.














Work

Meta bans accounts that track celebrity jet travel, including for
Zuckerberg - WSJ [[link removed]}&lead=419599&emailid=83334&nl=international]
Meta Platforms took down accounts on Threads and Instagram that track
the private jet travel of famous figures including Chief Executive
Mark Zuckerberg, Elon Musk, Kim Kardashian and others.

Work

Netflix backs out of plan to develop blockbuster videogame - WSJ
[[link removed]}&lead=419599&emailid=83334&nl=international]
The streaming giant earlier this month pulled the plug on developing
its own high-end game—what the industry calls a Triple-A
title—less than a year into development, a spokeswoman confirmed.
The company laid off a team of about 30 people in Southern California,
including high-profile veterans who worked on franchises such as
Microsoft’s Halo and Sony’s God of War. The project was a
multiplayer shooter game, according to a person familiar with the
matter.














Work

Watch out; Wall Street is finding new ways to slice and dice loans -
WSJ [[link removed]}&lead=419599&emailid=83334&nl=international]
Goldman Sachs this month sold $475 million of public asset-backed
securitization, or ABS, bonds backed by loans the bank makes to fund
managers that tide them over until cash from investors comes in.
The first-of-its-kind deal is a lucrative byproduct of the New York
bank’s push into loans to investment firms, such as these so-called
capital-call lines.

Work

Can BlackRock land private credit’s ‘big whale’ HPS? - FT
[[link removed]}&lead=419599&emailid=83334&nl=international]
After years of preparation, the pioneering alternatives firm is on the
verge of a deal or IPO














Work

Vladimir Putin bets on North Korean troops to retake Kursk from
Ukraine - FT [[link removed]}&lead=419599&emailid=83334&nl=international]
‘Storm Corps’ is first foreign army contingent deployed in
Russia’s war

Work

Retina implant partially improved eyesight in people with severe
vision loss - STAT [[link removed]}&lead=419599&emailid=83334&nl=international]
Using this prosthetic, scientists partially restored vision to people
whose central visual field has holes or blurry spots. Trial
participants could read text and recognize playing cards when using
the implant, even though they were legally blind. 














Work

A Strategic Approach for Meeting Customer Demand as Quickly as
Possible - Harvard Business Review [[link removed]}&lead=419599&emailid=83334&nl=international]
Talk to a group of business strategists today, and many will tell you
that their organizations are in a state of decision paralysis,
overwhelmed by the implications of several of rapidly developing
trends — AI, IoT, digitization, and 3D printing to name a few.

Work

Walmart Plans 30-Minute Prescription Deliveries - Inc
[[link removed]}&lead=419599&emailid=83334&nl=international]
U.S. retailer Walmart on Tuesday said it will start delivering
prescription medicines and medication refills along with groceries and
other items as a single order within 30 minutes, upping the ante in
its delivery competition against Amazon Inc.














Work

DNA has been modified to make it store data 350 times faster - New
Scientist [[link removed]}&lead=419599&emailid=83334&nl=international]
DNA has been used for years to store data, but encoding information
into the molecule is painstaking work. Now, researchers have
drastically sped it up by mimicking a natural biological process that
drives gene expression. This could lead to durable, do-it-yourself DNA
data storage technologies.

Work

Powerball Ticket Sold In Georgia Wins $478 Million Jackpot—Here’s
What The Winner Will Take Home After Taxes - Forbes
[[link removed]}&lead=419599&emailid=83334&nl=international]
A ticket buyer from Georgia won the $478 million Powerball jackpot on
Wednesday—the sixth biggest lottery prize of the year so
far—although they will take home a much smaller amount after paying
their taxes.













Work

Harris Calls Trump a 'Facist' in Speech at VP Residence
[[link removed]}&lead=419599&emailid=83334&nl=international]
Vice President Kamala Harris delivered a rare public speech in front
of her official residence in Washington on Wednesday to raise the
alarm about Donald Trump’s stated desire to use the presidency to
punish his political rivals and deploy the military “as his personal
militia to carry out his personal and political vendettas.”

Work

UK delays foreign lobbying clampdown as it works out China policy
[[link removed]}&lead=419599&emailid=83334&nl=international]
LONDON — After years in the making, plans to implement a U.S.-style
register of foreign influence-peddlers operating in the U.K. have been
put on ice as Britain’s new government attempts to rethink its
relationship with Beijing.

Work

The US is the world’s science superpower — but for how long?
[[link removed]}&lead=419599&emailid=83334&nl=international]
Thank you for visiting nature.com. You are using a browser version
with limited support for CSS. To obtain the best experience, we
recommend you use a more up to date browser (or turn off compatibility
mode in Internet Explorer). In the meantime, to ensure continued
support, we are displaying the site without styles and JavaScript.

Work

Location tracking of phones is out of control. Here’s how to fight
back.
[[link removed]}&lead=419599&emailid=83334&nl=international]
Reston, Virginia-located Babel Street is the little-known firm behind
Location X, a service with the capability to track the locations of
hundreds of millions of phone users over sustained periods of time.
Ostensibly, Babel Street limits the use of the service to personnel
and contractors of US government law enforcement agencies, including
state entities. Despite the restriction, an individual working on
behalf of a company that helps people remove their personal
information from consumer data broker databases recently was able to
obtain a two-week free trial by (truthfully) telling Babel Street he
was considering performing contracting work for a government agency in
the future.

Work

Donald Trump takes lead over Kamala Harris on the US economy in final
FT poll - FT [[link removed]}&lead=419599&emailid=83334&nl=international]
FT-Michigan Ross survey shows most Americans think they will be better
off if Republican wins

Work

The U.S. Spies Who Sound the Alarm About Election Interference - The
New Yorker [[link removed]}&lead=419599&emailid=83334&nl=international]
The Intelligence Community Campus-Bethesda, a vast office complex
covered in vertical panels of maroon siding and mirrored glass, sits
on a cliff overlooking the Potomac, surrounded by a forty-acre lawn
and a tall wrought-iron fence. Roughly three thousand employees of
various United States spy agencies work there. About two dozen of them
are assigned to the Foreign Malign Influence Center—the command hub
of the battle to protect the Presidential election from manipulation
by foreign powers. The center, which opened in 2022, is responsible
for deciphering, and defeating, surreptitious efforts to rig or tilt
the American vote. The October before an election is the busy season.

Work

Lost Silk Road Cities Discovered High in the Mountains of Central Asia
- Scientific American [[link removed]}&lead=419599&emailid=83334&nl=international]
Hidden in the towering mountains of Central Asia, along what has been
called the Silk Road, archaeologists are uncovering two medieval
cities that may have bustled with inhabitants a thousand years ago.

Work

What if honesty really is the best policy in politics? - FT
[[link removed]}&lead=419599&emailid=83334&nl=international]
Data suggests Americans can handle the truth if politicians are
willing to tell it

Work

Ambiguity or madness? Where Harris and Trump stand on China - The
Economist [[link removed]}&lead=419599&emailid=83334&nl=international]
THROUGHOUT HER campaign, Kamala Harris has hewed to the foreign policy
of President Joe Biden. But there is a little daylight between the two
in at least one important area: America’s relations with China. To
judge by her limited remarks on the topic, Ms Harris seems less
hawkish than her boss. She is reluctant to treat China as an actual or
potential enemy and, if elected, hopes to maintain a dialogue with its
leader, Xi Jinping. Unlike her rival, Donald Trump, she is not
interested in a trade war. This impression was reinforced by a senior
adviser who told The Economist: “Conflict is not imminent. Our job
is to ensure that it is not imminent.”

Work

Kamala Harris embraces fear. It should terrify Trump
[[link removed]}&lead=419599&emailid=83334&nl=international]
Kamala Harris' recent emphasis on the harm she believes a second
Donald Trump presidency could do to American democracy is likely to
resonate with swing voters, according to a study published by a social
media monitoring company.

Work

The banality of Elon
[[link removed]}&lead=419599&emailid=83334&nl=international]
The US presidential campaign is in its final weeks and we’re
dedicated to helping you understand the stakes. In this election
cycle, it’s more important than ever to provide context beyond the
headlines. But in-depth reporting is costly, so to continue this vital
work, we have an ambitious goal to add 5,000 new members.

Work

A Bazaar of Tamales, Arroz con Gandules and Fufu -- on Facebook
Marketplace
[[link removed]}&lead=419599&emailid=83334&nl=international]
Instead, like thousands of other unlicensed restaurateurs across the
country, Ms. Webb and Mrs. Dion have found success selling their home
cooking through an unexpected platform: Facebook Marketplace.

Work

The White House Bet Big on Intel. Will It Backfire?
[[link removed]}&lead=419599&emailid=83334&nl=international]
The doubts expressed by top tech executives show how far Intel has
fallen at a moment when Ms. Raimondo is trying to rebuild American
chip manufacturing. Her unofficial role as a chip salesperson
underscores how much is riding on the success of Intel, a 56-year-old
firm that is at the center of President Biden’s efforts to rev up
domestic semiconductor production.

Work

In Arizona, Many Latino Families Are Divided About the 2024 Election
[[link removed]}&lead=419599&emailid=83334&nl=international]
Across Arizona, a state where about one in four voters is Latino, the
2024 election is dividing Latino voters like no other. Many families
and friends who were once solidly Democratic say they now find
themselves on opposing sides of America’s gaping political chasm.

Work

The 5 states with the most lottery winners in America
[[link removed]}&lead=419599&emailid=83334&nl=international]
You might be able to increase your chances — by just the tiniest
amount — if you buy a lottery ticket here

Work

Democrats' Best Shot at Flipping a House Seat Is in Upstate New York
[[link removed]}&lead=419599&emailid=83334&nl=international]
Mr. Williams has received help from the National Republican
Congressional Committee and the Congressional Leadership Fund, which
the ad tracking firm Ad Impact says plan to spend more than $3 million
on ads painting the moderate Mr. Mannion as dangerously liberal on
issues like immigration and crime (one of them features John Walsh,
the creator of “America’s Most Wanted”).

Work

Shiori Ito's Searing Documentary 'Black Box Diaries' to Open in U.S.
[[link removed]}&lead=419599&emailid=83334&nl=international]
Ms. Ito spoke during more than two hours of conversation over dinner
in Fukuoka, in southern Japan, where she made a brief stop earlier
this month between film festivals in Busan, South Korea, and Zurich.
She described her emotional journey from despair at being betrayed by
the police, prosecutors and the Japanese media to triumph when she
performed a karaoke version of “I Will Survive” after the Sundance
screening.

Work

Vinted hits $5.4B valuation amid wave of secondary share sales in
Europe | TechCrunch
[[link removed]}&lead=419599&emailid=83334&nl=international]
At the same time, Vinted has expanded geographically and is also
extending beyond its core fashion roots into the electronics realm —
a growth trajectory that prompted marketplace stalwart eBay to respond
by removing seller fees in key European markets.

Work

Cash collection startup Upflow also wants to handle B2B payments |
TechCrunch
[[link removed]}&lead=419599&emailid=83334&nl=international]
“We evaluate solutions … that provide embedded finance,” Louisy
said. ”It’s not our core business to perform risk assessment. On
the other hand, what’s interesting is that we can bring them useful
data for credit scoring that they don’t necessarily have when they
just connect to one of our users’ accounts.”

Work

A Wisconsin Mayor, a Former Republican, Endorses Harris
[[link removed]}&lead=419599&emailid=83334&nl=international]
On Tuesday, early voting began in Wisconsin. From Mr. Reilly’s perch
in City Hall in Waukesha, he could see a line of voters snaking down
the sidewalk. About 800 people were voting in person each day, he
said.

Work

Fred Upton, Former G.O.P. Congressman Who Voted to Impeach Trump,
Endorses Harris
[[link removed]}&lead=419599&emailid=83334&nl=international]
Ms. Harris is hoping that support from Mr. Upton, a moderate
Republican in a critical battleground state, could help sway just the
kind of Michigan voter she needs to peel away from Mr. Trump to win.
She is working to appeal to G.O.P. voters who may have supported Nikki
Haley in the primary and may still be reluctant to back Mr. Trump, but
who are also on the fence about voting for a Democrat.

Work

Will an E. coli Outbreak Dampen the Appetite for McDonald's Quarter
Pounder?
[[link removed]}&lead=419599&emailid=83334&nl=international]
In 1971, Al Bernardin invented the Quarter Pounder while managing a
McDonald’s franchise in Fremont, Calif., the Oakland Tribune wrote
after he died in 2009. Since then, after generations of marketing, the
sandwich has become “iconic,” said William Hallman, a psychologist
and a distinguished professor at Rutgers University.

Work

Elon Musk Plots His Final Moves for Trump
[[link removed]}&lead=419599&emailid=83334&nl=international]
“He’s going all in — and you see that with the amount of
resources that he and his team and the group has provided,” said Mr.
Gonzales, who said he didn’t know the size of Mr. Musk’s check to
the super PAC. “But I would argue it’s, more importantly, time.
There’s nothing more valuable than a person’s time. And Elon is
literally campaigning every day in Pennsylvania.”

Work

Short on Time, Harris's Labor Allies Sprint to Reach Working-Class
Voters
[[link removed]}&lead=419599&emailid=83334&nl=international]
Among white voters without a college degree, that gap grew to a chasm:
58 percent favored Mr. Trump, 40 percent Ms. Harris. By a wide margin,
57 percent to 41 percent, college-educated voters said Ms. Harris
would be better than Mr. Trump at helping the working class. But if
educational attainment is a stand-in for class, the white working
class trusts Mr. Trump; 56 percent say he would help them best,
compared with 41 percent who say that about the vice president.

Work

Trump Calls Out Biden Remark on 'Lock Him Up'
[[link removed]}&lead=419599&emailid=83334&nl=international]
He then returned abruptly to his claims of election interference.
“Biden is behind it all, believe it or not,” Mr. Trump said.
“And he proved that yesterday with his stupid statement, and people
are outraged by it.”

Work

Harris Calls Trump a Fascist: 6 Takeaways From Her CNN Town Hall
[[link removed]}&lead=419599&emailid=83334&nl=international]
Her comments — which went a step beyond her previous agreement that
Mr. Trump was a fascist — were intended to amplify the news this
week that John Kelly, Mr. Trump’s former White House chief of staff,
said he thought the former president met the definition of the word
and worried deeply about the threat a second Trump administration
posed to democratic institutions.

Work

Arizona Man Is Arrested After Shootings at Democratic Campaign Office
[[link removed]}&lead=419599&emailid=83334&nl=international]
In the first shooting on Sept. 16, the Democratic Party office was
struck about 13 times by BB gun pellets, shattering the building’s
glass front door, according to court papers. On Sept. 23, and again on
Oct. 6, the office was struck by gunfire, further damaging the
building, the court papers said.

Work

Georgia Secretary of State Fends Off Cyberattack Targeting Absentee
Ballot Website
[[link removed]}&lead=419599&emailid=83334&nl=international]
Simon J. Levien is a Times political reporter covering the 2024
elections and a member of the 2024-25 Times Fellowship class, a
program for journalists early in their careers. More about Simon J.
Levien

Work

Pennsylvania Supreme Court Allows Provisional Votes After Mail Ballot
Rejections
[[link removed]}&lead=419599&emailid=83334&nl=international]
Simon J. Levien is a Times political reporter covering the 2024
elections and a member of the 2024-25 Times Fellowship class, a
program for journalists early in their careers. More about Simon J.
Levien

Work

Where Will Super Micro Computer Stock Be in 3 Years?
[[link removed]}&lead=419599&emailid=83334&nl=international]
The shares of this hardware company have collapsed from all-time
highs. But is there light at the end of the tunnel?

Work

Striking Boeing workers reject a new contract offer, extending a
costly month-long strike
[[link removed]}&lead=419599&emailid=83334&nl=international]
The company’s much-needed investment-grade credit rating hangs on by
a thread, and losing it would make the path to recovery steeper and
more expensive should Boeing need to borrow more money along the way.
Fitch Ratings said last week that Boeing’s cash-raising actions
“support liquidity amidst continued operational challenges” —
but only if Boeing can reach an agreement for its machinists to be
back on the job by the end of the year.

Work

Alan Hollinghurst: The Booker Prize-winning writer whose novels
unbutton the sex lives of Britain's gay social elite
[[link removed]}&lead=419599&emailid=83334&nl=international]
Ever since his 1988 debut The Swimming-Pool Library caused a stir,
Hollinghurst has captured the hedonism of affluent gay men with both
candour and literary elegance.

Work

Pubs face closure without Budget help, says industry giant
[[link removed]}&lead=419599&emailid=83334&nl=international]
On Thursday, Hospitality UK and the British Retail Consortium, whose
members also benefit from relief, said that in the year to March,
businesses in these sectors paid nearly £9bn in business rates.

Work

IMF deputy head warns world to avoid global trade war
[[link removed]}&lead=419599&emailid=83334&nl=international]
Ms Gopinath added that it was a “good win” for central banks
everywhere that inflation has come down without high unemployment. But
that now was the time to rebuild resilience in a fragile world.

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