Serena Williams on financial abuse: ‘When you recognize the signs, you can change the pattern’

And up to 99% percent of survivors have also experienced financial abuse. In honor of National Domestic Violence Awareness Month this October, the Allstate Foundation partnered with tennis star Serena Williams to raise awareness of financial abuse. The warning signs of financial abuse”What’s difficult is that financial abuse can take on many forms,” says Francis. While cases of financial abuse frequently affect women, the elderly are also susceptible. The National Council on Aging reports that e


And up to 99% percent of survivors have also experienced financial abuse. In honor of National Domestic Violence Awareness Month this October, the Allstate Foundation partnered with tennis star Serena Williams to raise awareness of financial abuse. The warning signs of financial abuse”What’s difficult is that financial abuse can take on many forms,” says Francis. While cases of financial abuse frequently affect women, the elderly are also susceptible. The National Council on Aging reports that e
Serena Williams on financial abuse: ‘When you recognize the signs, you can change the pattern’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: mariam abdallah, ivana pino, sam becker, lisa ferber
Keywords: news, cnbc, companies, credit, pattern, financial, recognize, serena, violence, victim, signs, partner, williams, francis, victims, power, abuse, change


Serena Williams on financial abuse: 'When you recognize the signs, you can change the pattern'

In the United States, more than 10 million victims experience domestic violence annually from their intimate partner, which is an average of 20 people every minute, according to the National Coalition Against Domestic Violence. And up to 99% percent of survivors have also experienced financial abuse. In honor of National Domestic Violence Awareness Month this October, the Allstate Foundation partnered with tennis star Serena Williams to raise awareness of financial abuse. “Not being able to use your credit cards, having to show receipts for every little dime that you spend, having freedom of choice taken away from you. Those are all signs,” Williams told Woman’s Day. “It’s important to use my voice to shine a spotlight on the barriers women can face when they’re trying to leave.” Abusers may try to control how the victim can access or use cash, bank accounts, or credit cards. They can also limit the victim’s earning potential by preventing them from going to work or applying for a job. “Financial abuse occurs in a relationship where your partner is withholding information about the finances to essentially keep the victim in the dark,” says certified financial planner Stacy Francis, the president and chief executive of Francis Financial in New York.

The warning signs of financial abuse

“What’s difficult is that financial abuse can take on many forms,” says Francis. “Many people who actually are victims are unaware that this is a form of abuse.” Controlling behavior can start with one partner cutting the other off from financial matters and decisions and giving them less and less money to spend on themselves and the children. “For example,” Francis says, “a food allowance or clothing allowance that is just not doable. Then the victim has to come back to their partner and say, ‘I don’t have enough money for the kids’ shoes for school, or for groceries for the week.’ And it creates a power dynamic where the partner has the power. And they have the power because they control all the money.”

Serena Williams and daughter Alexis Olympia during the S by Serena Williams Runway Show on September 10, 2019, in New York City. Thomas Concordia | Getty Images

That dynamic also exists when the victim is belittled, manipulated, and made to feel less capable when it comes to money. While cases of financial abuse frequently affect women, the elderly are also susceptible. The National Council on Aging reports that elder financial abuse and fraud costs its victims about $36.5 billion per year. If you or a loved one are experiencing financial abuse, here are some tips to help you protect yourself:

Review a copy of your credit report

“Many times, individuals will find out later on that credit cards, other types of debts, and home equity lines of credit, have been taken out in their name by their abuser,” Francis says. Under federal law, you can obtain a free copy of your credit report every 12 months from each of the three bureaus: Experian, TransUnion, and Equifax. Make sure you recognize all the debts listed. If you don’t, dig further to find out how they got onto your card.

Many people who actually are victims are unaware that this is a form of abuse. Stacy Francis President and CEO of Francis Financial

Save and use cash

“Using a debit or credit card is going to allow your abuser to track you,” says Francis. Going mostly or entirely cash-only allows you to operate in the world without leaving a trail.

Educate yourself about your income


Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: mariam abdallah, ivana pino, sam becker, lisa ferber
Keywords: news, cnbc, companies, credit, pattern, financial, recognize, serena, violence, victim, signs, partner, williams, francis, victims, power, abuse, change


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CDC says almost all vaping illness patients end up hospitalized

Almost all patients with a mysterious vaping-related lung disease have been hospitalized with about half ending up in the intensive care unit, Centers for Disease Control and Prevention officials said Friday. At least 26 people have died from the disease that first came to light in July and nearly 1,300 people have fallen ill so far, the CDC said, adding that the spread of the illness shows no signs of abating. U.S. health officials are tentatively calling it EVALI, short for e-cigarette, or vap


Almost all patients with a mysterious vaping-related lung disease have been hospitalized with about half ending up in the intensive care unit, Centers for Disease Control and Prevention officials said Friday. At least 26 people have died from the disease that first came to light in July and nearly 1,300 people have fallen ill so far, the CDC said, adding that the spread of the illness shows no signs of abating. U.S. health officials are tentatively calling it EVALI, short for e-cigarette, or vap
CDC says almost all vaping illness patients end up hospitalized Cached Page below :
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CDC says almost all vaping illness patients end up hospitalized

Almost all patients with a mysterious vaping-related lung disease have been hospitalized with about half ending up in the intensive care unit, Centers for Disease Control and Prevention officials said Friday.

At least 26 people have died from the disease that first came to light in July and nearly 1,300 people have fallen ill so far, the CDC said, adding that the spread of the illness shows no signs of abating. U.S. health officials are tentatively calling it EVALI, short for e-cigarette, or vaping, product use associated lung injury.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, end, illness, signs, tentatively, cdc, spread, officials, shows, patients, vapingrelated, lung, unit, vaping, hospitalized, disease


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‘You don’t do these things prior to negotiations,’ ex-diplomat says of US actions against China

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday. Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday. Max Baucus, former U.S. ambassador to China from February 20


A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday. Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday. Max Baucus, former U.S. ambassador to China from February 20
‘You don’t do these things prior to negotiations,’ ex-diplomat says of US actions against China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yen nee lee abigail ng, yen nee lee, abigail ng
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'You don't do these things prior to negotiations,' ex-diplomat says of US actions against China

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018.

The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday.

The Trump administration on Tuesday placed visa restrictions on Chinese officials it “believed to be responsible for, or complicit in, the detention and abuse of” Muslim minorities in China’s northwestern Xinjiang region. That followed a Monday move to blacklist 28 Chinese companies alleged to be involved in surveillance and detention of minority groups in China.

Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday.

“You don’t do these things prior to negotiations. It does not set a good tone, that’s tactically. Strategically, all these actions — I think — are causing the Chinese to wonder: ‘What is the US’ real motive here?'” Max Baucus, former U.S. ambassador to China from February 2014 to January 2017, told CNBC’s “Street Signs Asia.”

Baucus, also a former Democratic senator from Montana, said the U.S. actions could simply be posturing ahead of the planned trade talks to get a better deal from China. But, “China will not be bluffed,” he added.

Taimur Baig, chief economist at DBS Group Research, echoed that sentiment. “There are ways of putting pressure — back channel diplomacy, implicit threats and so on, but this is very explicit (and) very noisy,” he told CNBC’s “Street Signs Asia.”

“The … potential loss of face for the Chinese is massive. I can’t imagine anybody rationally expecting a constructive outcome out of this,” he added. Baig also said the timing of the U.S. move “could not be worse” and it would “definitely backfire.”

Beijing, in response to the U.S. blacklist of Chinese firms, said it urges the U.S. to “stop interfering” in its internal affairs and suggested that it would retaliate against the American move.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yen nee lee abigail ng, yen nee lee, abigail ng
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76ers fan supporting Hong Kong ejected from preseason game against Chinese squad in Philadelphia

A fan was reportedly ejected from a Philadelphia 76ers preseason game on Tuesday after holding signs and shouting support for Hong Kong during the game against the Guangzhou Loong Lions, a squad from China. Sam Wachs said he and his wife were silently holding signs that said “Free Hong Kong” during the game at the Wells Fargo Center in Philadelphia. “Got kicked out of the Philadelphia 76ers game against Guangzhou tonight for bringing these / chanting my support of Hong Kong,” Wachs posted on Fac


A fan was reportedly ejected from a Philadelphia 76ers preseason game on Tuesday after holding signs and shouting support for Hong Kong during the game against the Guangzhou Loong Lions, a squad from China. Sam Wachs said he and his wife were silently holding signs that said “Free Hong Kong” during the game at the Wells Fargo Center in Philadelphia. “Got kicked out of the Philadelphia 76ers game against Guangzhou tonight for bringing these / chanting my support of Hong Kong,” Wachs posted on Fac
76ers fan supporting Hong Kong ejected from preseason game against Chinese squad in Philadelphia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: jabari young
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76ers fan supporting Hong Kong ejected from preseason game against Chinese squad in Philadelphia

Philadelphia 76ers’ Ben Simmons (25) drives to the net as Guangzhou Loong-Lions’ Yongpeng Zhang defends and Philadelphia 76ers’ Tobias Harris, right, watches during the first half of an NBA exhibition basketball game Tuesday, Oct. 8, 2019, in Philadelphia.

A fan was reportedly ejected from a Philadelphia 76ers preseason game on Tuesday after holding signs and shouting support for Hong Kong during the game against the Guangzhou Loong Lions, a squad from China.

Sam Wachs said he and his wife were silently holding signs that said “Free Hong Kong” during the game at the Wells Fargo Center in Philadelphia.

“I was being heckled by fans of the visiting Guangzhou team who swore at me and repeated Chinese government disinformation,” Wachs said in response to a question from CNBC on his Facebook page.

The signs were confiscated by security at the stadium and Wachs and his wife were kicked out, he said.

“Got kicked out of the Philadelphia 76ers game against Guangzhou tonight for bringing these / chanting my support of Hong Kong,” Wachs posted on Facebook on Tuesday night. “The NBA is pretty cowardly when it comes to pressure from the Chinese government.”

The 76ers and Wells Fargo Center released statements saying Wachs was removed after disrupting the game for other fans and ignoring several warnings.

Here’s the statement from the Wells Fargo Center:

During the second quarter of last night’s 76ers game, Wells Fargo Center security responded to a situation that was disrupting the live event experience for our guests. After three separate warnings, the two individuals were escorted out of the arena without incident. The security team employed respectful and standard operating procedures.

Here’s the statement from the 76ers:

The Wells Fargo Center’s event staff is responsible for the security and comfort of all guests at arena events, including 76ers games. At last evening’s game, following multiple complaints from guests and verbal confrontations with others in attendance, two individuals were warned by Wells Fargo Center staff about their continuing disruption of the fan experience. Ultimately, the decision was made by Wells Fargo Center personnel to remove the guests from the premises, which was accomplished without incident.

Wachs said he wasn’t intentionally confrontational.

“When I was ejected, I’d say I was disruptive in the sense that I was standing in my seat. But I did not go about this protest in a confrontational way. I only stood and began to chant after signs were taken away,” he told CNBC.

The NBA is facing intense criticism in mainland China since Houston Rockets’ general manager Daryl Morey backed the anti-government protests in a now-deleted tweet over the weekend that said, “Fight for Freedom. Stand for Hong Kong.”

The tweet was quickly deleted and Morey apologized, but his comments drew backlash in China.

The NBA released a statement about Morey on Sunday that was translated into Chinese for the league’s verified account on Chinese social media platform Weibo. A CNBC translation of the post found differences between the English and Chinese version, which sparked criticism in the U.S. for its decidedly more apologetic tone.

The league’s commissioner, Adam Silver, apologized for offending the league’s Chinese fans, but he stood by Morey’s right to express his opinions, saying the league would “protect its employees’ freedom of speech.”

By Wednesday, nearly all of the NBA’s Chinese partners had publicly announced that they were ending or suspending their relationships with the league.

Earlier this week, Chinese tech giant Tencent, Luckin Coffee and Vivo announced the suspension of their relationships with the NBA.

— CNBC’s Eunice Yoon, Amelia Lucas, and Lilian Wu contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: jabari young
Keywords: news, cnbc, companies, security, fan, hong, fargo, 76ers, preseason, philadelphia, game, ejected, kong, nba, center, signs, squad, chinese, supporting, wachs, wells


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China services sector growth falls to 7-month low, private survey shows

Services account for more than half of China’s economy, providing a key buffer as persistent trade tensions with the United States weigh heavily on the country’s manufacturing sector. The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.3 last month, the weakest since February, versus August’s 52.1. New orders for services in September grew at the fastest pace since January 2018, buoyed by product launches and stronger customer demand. But operating costs hit a one-year high be


Services account for more than half of China’s economy, providing a key buffer as persistent trade tensions with the United States weigh heavily on the country’s manufacturing sector. The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.3 last month, the weakest since February, versus August’s 52.1. New orders for services in September grew at the fastest pace since January 2018, buoyed by product launches and stronger customer demand. But operating costs hit a one-year high be
China services sector growth falls to 7-month low, private survey shows Cached Page below :
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China services sector growth falls to 7-month low, private survey shows

A man uses his phone in front of a display showing the Chinese national flag in Beijing, China, on Oct. 23, 2017.

China’s services sector grew at its slowest pace in seven months in September despite a strong increase in new orders, as operating expenses continued to rise at the end of the third quarter, a private survey showed on Tuesday.

Services account for more than half of China’s economy, providing a key buffer as persistent trade tensions with the United States weigh heavily on the country’s manufacturing sector.

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.3 last month, the weakest since February, versus August’s 52.1. It has stayed above the 50-point that separates growth from contraction on a monthly basis since late 2005.

The fall was in line with the marginal drop in the official non-manufacturing PMI published by the National Bureau of Statistics. It was also in step with signs of general cooling this year as the world’s second-largest economy continues to lose momentum.

New orders for services in September grew at the fastest pace since January 2018, buoyed by product launches and stronger customer demand.

But operating costs hit a one-year high because of an increase in labour, fuel and raw material expenses.

A continued push among firms to stay competitive also limited the increase in prices that they charged, pressuring profit margins.

“China’s economy showed signs of marginal recovery in September, as the labour market improved and domestic demand increased at a faster pace,” said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, in a statement alongside the data.

“However, fluctuations in exchange rates, and rising costs of labour and raw materials increased pressure on companies, which restrained business confidence.”

The volume of new work from abroad received increased for the third straight month in September. But after seasonal adjustments, the pace of growth further eased from July.

Expectations regarding the one-year outlook for business activity softened slightly in September. But services firms added jobs at the fastest pace since January 2017.

Beijing has rolled out a mix of fiscal stimulus and monetary easing since early 2018 to cushion the economic slowdown, including hundreds of billions of dollars in infrastructure spending and tax cuts for companies.

But those measures have been slow to trickle through the economy, and with U.S. trade pressure persisting, analysts say a deeper downturn could be inevitable without further policy support.

Caixin’s composite manufacturing and services PMI, also released on Tuesday, rose to a five-month high of 51.9 in September from 51.6 in August, though new export orders again contracted.


Company: cnbc, Activity: cnbc, Date: 2019-10-08
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S4 Capital signs $150 million deal with Silicon Valley’s largest digital marketing firm

S4 Capital, the media firm founded by advertising mogul Sir Martin Sorrell in 2018, has announced a $150 million merger with Silicon Valley’s largest digital marketing agency. He said the deal was worth $150 million, with S4 Capital paying $112 million upfront — half in shares, half in cash — and the rest of the balance coming if Firewood hits its targets for the year. Firewood, founded in 2010 by Lanya and Juan Zambrano, is the largest digital agency in Silicon Valley. The company will join Med


S4 Capital, the media firm founded by advertising mogul Sir Martin Sorrell in 2018, has announced a $150 million merger with Silicon Valley’s largest digital marketing agency. He said the deal was worth $150 million, with S4 Capital paying $112 million upfront — half in shares, half in cash — and the rest of the balance coming if Firewood hits its targets for the year. Firewood, founded in 2010 by Lanya and Juan Zambrano, is the largest digital agency in Silicon Valley. The company will join Med
S4 Capital signs $150 million deal with Silicon Valley’s largest digital marketing firm Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: chloe taylor
Keywords: news, cnbc, companies, founded, sorrell, marketing, million, merger, valleys, capital, firm, deal, half, digital, largest, signs, silicon


S4 Capital signs $150 million deal with Silicon Valley's largest digital marketing firm

S4 Capital, the media firm founded by advertising mogul Sir Martin Sorrell in 2018, has announced a $150 million merger with Silicon Valley’s largest digital marketing agency.

Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Sorrell, WPP’s former CEO, confirmed that the merger had been finalized this month.

He said the deal was worth $150 million, with S4 Capital paying $112 million upfront — half in shares, half in cash — and the rest of the balance coming if Firewood hits its targets for the year.

Firewood, founded in 2010 by Lanya and Juan Zambrano, is the largest digital agency in Silicon Valley. The company will join MediaMonks, S4 Capital’s digital content arm.

“We started with a clean sheet of paper, we’ve been at it for a year and we now have, post-Firewood, 1,800 people in 23 countries and a market cap of $600 million,” Sorrell said.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: chloe taylor
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Top investor makes contrarian call as trade uncertainty grips Wall Street

Trade talks don’t resume until Thursday, but Wall Street is already worried a deal can be struck. As tensions escalate, Institutional Investor hall of famer Richard Bernstein is ready to make a contrarian call on one casualty of the trade conflict — the Chinese economy. “Because of trade, there’s been tremendous amounts of monetary and fiscal stimulus injected into the Chinese economy. “Surprise, surprise, China is the only major economy where leading indicators — very important word ‘leading in


Trade talks don’t resume until Thursday, but Wall Street is already worried a deal can be struck. As tensions escalate, Institutional Investor hall of famer Richard Bernstein is ready to make a contrarian call on one casualty of the trade conflict — the Chinese economy. “Because of trade, there’s been tremendous amounts of monetary and fiscal stimulus injected into the Chinese economy. “Surprise, surprise, China is the only major economy where leading indicators — very important word ‘leading in
Top investor makes contrarian call as trade uncertainty grips Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: keris lahiff
Keywords: news, cnbc, companies, makes, indicators, bernstein, investor, leading, economy, uncertainty, grips, work, utilities, sectors, wall, trade, contrarian, chinese, signs, street


Top investor makes contrarian call as trade uncertainty grips Wall Street

Trade talks don’t resume until Thursday, but Wall Street is already worried a deal can be struck.

The Dow tumbled more than 200 points on Tuesday morning as pressure increased heading into the high-level negotiations. The Trump administration blacklisted some Chinese tech on Monday and is reportedly considering limiting government pension investment in Chinese stocks.

As tensions escalate, Institutional Investor hall of famer Richard Bernstein is ready to make a contrarian call on one casualty of the trade conflict — the Chinese economy.

“Because of trade, there’s been tremendous amounts of monetary and fiscal stimulus injected into the Chinese economy. Now, unless you believe that Economics 101 doesn’t work anymore, which I would argue is incredibly bearish, then you should start to look for signs that the economy is beginning to turn,” the CEO of Richard Bernstein Advisors told CNBC’s “Trading Nation” on Monday.

Chinese GDP declined in the second quarter to 6.2%, down from 6.7% in the three months to June 2018. Bernstein sees signs of a turnaround in another data set.

“Surprise, surprise, China is the only major economy where leading indicators — very important word ‘leading indicators’ — are accelerating,” said Bernstein. “One could argue it’s not showing up in their numbers. Of course not. That’s because these are leading indicators. It will appear in the leading indicators before it appears in GDP.”

The Conference Board’s Leading Economic Index for China increased by 1.1% in August. It rose by the same amount in July.

A Chinese economy in recovery comes as the U.S. corporate world faces troubles of its own, adds Bernstein.

“Profits have been decelerating now all through 2019, and we actually expect that to continue. I think the risk right now is that first half of 2020 we actually see a full-blown profits recession where earnings growth for the S&P turns negative on a year-to-year basis,” he said.

To hedge against an earnings slowdown or recession, Bernstein is putting money to work in traditional defensive sectors such as staples, health care, utilities and real estate. The utilities and real estate sectors are two of the best performers this year.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: keris lahiff
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Trump signs executive order on Medicare, says he won’t let Democrats steal your health care

U.S. President Donald Trump holds a signed executive order during an event in The Villages, Florida, U.S., on Thursday, Oct. 3, 2019. President Donald Trump signed an executive order Thursday that he said would improve private Medicare plans for seniors, slamming Democrats for what he described as putting health care “under threat” with “Medicare for All” proposals. He said as long as he’s president, “no one will lay a hand on your Medicare benefits.” “Medicare is under threat like never before,


U.S. President Donald Trump holds a signed executive order during an event in The Villages, Florida, U.S., on Thursday, Oct. 3, 2019. President Donald Trump signed an executive order Thursday that he said would improve private Medicare plans for seniors, slamming Democrats for what he described as putting health care “under threat” with “Medicare for All” proposals. He said as long as he’s president, “no one will lay a hand on your Medicare benefits.” “Medicare is under threat like never before,
Trump signs executive order on Medicare, says he won’t let Democrats steal your health care Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: berkeley lovelace jr, in berkeleylovelace
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Trump signs executive order on Medicare, says he won't let Democrats steal your health care

U.S. President Donald Trump holds a signed executive order during an event in The Villages, Florida, U.S., on Thursday, Oct. 3, 2019.

President Donald Trump signed an executive order Thursday that he said would improve private Medicare plans for seniors, slamming Democrats for what he described as putting health care “under threat” with “Medicare for All” proposals.

Trump, speaking for an hour at a campaign-style rally at a retirement community in Florida, offered few details on his executive order and spent most of his speech attacking the health policies of 2020 Democratic presidential contenders. He said as long as he’s president, “no one will lay a hand on your Medicare benefits.”

“Medicare is under threat like never before,” Trump told the crowd. “I will never allow these politicians to steal your health care and give it away to illegal aliens.”


Company: cnbc, Activity: cnbc, Date: 2019-10-03  Authors: berkeley lovelace jr, in berkeleylovelace
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California governor signs law allowing college athletes to get paid, potentially upending amateur sports

Gavin Newsom signed a bill Monday allowing college athletes to get paid for endorsement deals — a move that defied collegiate athletic leaders who say the change could upend amateur sports. The Fair Pay to Play Act will let students get paid for the use of their name, image and likeness. “Colleges and universities reap billions from these student athletes’ sacrifices and success but block them from earning a single dollar,” the governor said in a statement. The National Collegiate Athletic Assoc


Gavin Newsom signed a bill Monday allowing college athletes to get paid for endorsement deals — a move that defied collegiate athletic leaders who say the change could upend amateur sports. The Fair Pay to Play Act will let students get paid for the use of their name, image and likeness. “Colleges and universities reap billions from these student athletes’ sacrifices and success but block them from earning a single dollar,” the governor said in a statement. The National Collegiate Athletic Assoc
California governor signs law allowing college athletes to get paid, potentially upending amateur sports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: mallika mitra, kevin stankiewicz
Keywords: news, cnbc, companies, students, potentially, upend, athletes, amateur, law, paid, statement, governor, california, ncaa, bill, likeness, signs, upending, college, schools, image


California governor signs law allowing college athletes to get paid, potentially upending amateur sports

California Gov. Gavin Newsom signed a bill Monday allowing college athletes to get paid for endorsement deals — a move that defied collegiate athletic leaders who say the change could upend amateur sports.

The Fair Pay to Play Act will let students get paid for the use of their name, image and likeness. It will also allow them to get sports agents.

“Colleges and universities reap billions from these student athletes’ sacrifices and success but block them from earning a single dollar,” the governor said in a statement. “That’s a bankrupt model — one that puts institutions ahead of the students they are supposed to serve.”

The National Collegiate Athletic Association currently bans students from earning any kind of compensation through college sports. The organization said in a statement that it agrees changes are needed but that improvement needs to happen on a national level.

“Unfortunately, this new law already is creating confusion for current and future student-athletes, coaches, administrators and campuses, and not just in California,” the NCAA said in the statement. “We will consider next steps in California while our members move forward with ongoing efforts to make adjustments to NCAA name, image and likeness rules that are both realistic in modern society and tied to higher education.”

The organization’s Board of Governors sent a letter to Newsom earlier this month saying that the bill “would upend level playing field for all student-athletes.”

“If the bill becomes law and California’s 58 NCAA schools are compelled to allow an unrestricted name, image and likeness scheme, it would erase the critical distinction between college and professional athletics and, because it gives those schools an unfair recruiting advantage, would result in them eventually being unable to compete in NCAA competitions,” the letter said.

The NCAA appointed a working group earlier this year to consider changes to its policy.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: mallika mitra, kevin stankiewicz
Keywords: news, cnbc, companies, students, potentially, upend, athletes, amateur, law, paid, statement, governor, california, ncaa, bill, likeness, signs, upending, college, schools, image


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Trump signs spending bill to avoid another government shutdown

Docker, once valued at over $1 billion, is trying to raise cash… While Elastic and MongoDB have managed to build big businesses around their open-source software, Docker is looking to private investors to keep going. Technologyread more


Docker, once valued at over $1 billion, is trying to raise cash… While Elastic and MongoDB have managed to build big businesses around their open-source software, Docker is looking to private investors to keep going. Technologyread more
Trump signs spending bill to avoid another government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, opensource, managed, avoid, signs, valued, software, spending, docker, trying, shutdown, private, mongodb, looking, raise, trump, bill


Trump signs spending bill to avoid another government shutdown

Docker, once valued at over $1 billion, is trying to raise cash…

While Elastic and MongoDB have managed to build big businesses around their open-source software, Docker is looking to private investors to keep going.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, opensource, managed, avoid, signs, valued, software, spending, docker, trying, shutdown, private, mongodb, looking, raise, trump, bill


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