Biden Wants Airlines to Pay for Flight Cancellations and Delays. On Monday, the administration of Vice President Joe Biden revealed plans for new regulations that would require airlines to give compensation and cover expenses for delayed passengers, including the costs of meals and hotel rooms, where the airlines are responsible for disruptions in passenger travel. According to a statement released by Transportation Secretary Pete Buttigieg, “When an airline causes a flight cancellation or delay, passengers should not be responsible for footing the bill.” “This rule would, for the first time in the history of the United States, propose to require…
Author: Emilye
Jury rules Ed Sheeran acquitted in Marvin Gaye copyright case. Ed Sheeran, an English singer-songwriter, was accused of stealing music chords from Marvin Gaye’s legendary song “Let’s Get It On” and using them in his successful song “Thinking Out Loud,” was released in 2014. On Thursday, a jury decided that Ed Sheeran was not guilty in the case and found that he was acquitted. After the judge finished reading the verdict, Sheeran jumped up and hugged his teammates before mumbling “thank you” to the jury. Sheeran addressed the media outside the courthouse but did not answer any questions. The singer…
The resurgence of US regional banks shares has boosted the stock market. Wall Street rallied on Friday, powered by shares of regional US banks. At the same time, government bond prices fell as investors worried the Federal Reserve would keep interest rates high for longer despite solid jobs statistics. After plunging significantly on increased concerns about the sector’s health the previous day, PacWest and Western Alliance shares surged 83% and 38%, respectively, in New York. The S&P 500 index rebounded 1.4% on Friday from Thursday’s sell-off. After Apple reported a first-quarter revenue and less-than-expected profit decline, the tech-heavy Nasdaq Composite…
A Ukrainian delegate at the Black Sea Nations Assembly in Ankara was seen punching a Russian. During a gathering of Black Sea nations in the Turkish capital on Thursday, a Ukrainian delegate struck a Russian ambassador in the face after his Ukrainian flag was taken away to prevent him from photobombing a video interview with Russia’s lead delegate. The incident occurred when the Ukrainian delegate’s flag was taken away. On his Facebook page, Olesandr Marikovski shared a video where he can be seen beating the Russians and regaining possession of the blue and yellow flag. Read more: Serbians are in…
Attorneys General Will Look Into the National Football League’s Treatment of Women Players. The New York Times published an article in February 2022 about the treatment of women who work for the NFL, prompting the attorneys general of New York and California to launch an investigation into charges of workplace discrimination and wage inequalities at the N.F.L. headquarters in both states. A year after The Times interviewed more than 30 current and former N.F.L. employees, many of whom described a stifling and demoralizing corporate culture that drove some women to quit in frustration and left many feelings brushed aside, Letitia…
Stock in First Horizon falls after a failed merger with TD Bank. The $13 billion merger between First Horizon and TD Bank has been called off, adding to the instability affecting regional banks nationwide. The share price of First Horizon (FHN) had dropped by almost 40% over the past couple of months, significantly below the $25 per share that TD gave when the purchase was announced in February 2022, as the company has been caught up in the most extensive banking crisis since 2008. Read more: Effects of Fed Rate Hikes on Mortgages, Credit Cards, and More After the banks…
Serbians are in mourning after a school shooting in Belgrade. Hundreds of students in Serbia, many of them dressed in black and holding flowers, gathered outside their schools on Thursday to pay their respects to the classmates who were slain the day before when a 13-year-old boy used his father’s guns in a school shooting rampage that sent shockwaves across the country and prompted new efforts to tighten gun control. The students flooded in from all across Belgrade, filling the streets near the school in the city’s historic core. Earlier in the day, scores of people had gathered at the…
Jameela Jamil condemns Karl Lagerfeld’s honor at the Met Gala. Actress and body positivity activist Jameela Jamil, has spoken out against the Met Gala’s decision to honor Karl Lagerfeld, a prominent figure in the fashion industry who passed away in 2019. On Instagram, Jamil, known for her role in NBC’s “The Good Place,” wrote, “Hollywood and fashion said the quiet part out loud when a lot of famous feminists chose to celebrate at the highest level, a man who was so publicly cruel to women, too fat people, to immigrants, and sexual assault survivors.” Read more: The potential strike of…
Effects of Fed Rate Hikes on Mortgages, Credit Cards, and More. Both sides of the American family ledger have been affected by the Federal Reserve’s gradual increase in the key interest rate over the past year: savers enjoy better rewards, while borrowers incur higher costs. Here is how rising interest rates influence shoppers. Money Orders When the Federal Reserve raises interest rates, credit card holders can expect an increase in their interest rates within one or two billing periods. After starting at around 16% in March of last year, when the Fed began its series of rate rises, the average…
Press freedom is in crisis in an unprecedented number of nations. Disinformation, misinformation, and artificial intelligence are growing dangers to journalism, and the new annual snapshot warns that media freedom is in grave health in a record number of countries. The World Press Freedom Index showed a startling decline, with the number of nations classified as in a “dire situation” (the report’s lowest grade) rising from 21 just two years ago to an all-time high of 31. The list, produced by the advocacy group Reporters Without Borders (RSF), cites “increased aggression from autocratic governments,” including some that are deemed democratic,…