As a designer who specializes in residential structures, Luis Martinez has lived this at home, and has now made it his career. His design business, Studioo15, has surged over the past two years as residents across Los Angeles have used the new state laws to add thousands of backyard units. Yet about half of his […]
A judge on Thursday rejected an attempt by the Rupert Murdoch-owned Fox News Media to dismiss a $1.6 billion defamation lawsuit brought by Dominion Voting Systems over the network’s coverage of the company’s role in the 2020 presidential election. In the ruling, Judge Eric M. Davis of the Superior Court of Delaware, where Fox is […]
Under the crush of thousands of lawsuits, Purdue filed for bankruptcy restructuring in September 2019, which automatically put a hold on all the claims against it. Nearly two years later, Judge Robert Drain, the bankruptcy court judge in White Plains, N.Y., confirmed a plan that had been approved by a majority of creditors who voted. […]
On Thursday, prosecutors and defense lawyers laid out their closing arguments in the fraud trial of the founder of Theranos, the failed blood testing start-up. In what was effectively their last shot at convincing jurors, each side framed their arguments around the question of whether Ms. Holmes, 37, had deliberately chosen to lie, mislead and […]
Britain’s central bank surprised markets on Thursday by increasing its main interest rate for the first time in three and a half years to combat a surge in inflation, despite the economic uncertainty posed by the fast-spreading Omicron variant. Policymakers voted to raise the bank’s interest rate by 15 basis points to 0.25 percent. The […]
Federal Reserve policymakers moved into inflation-fighting mode on Wednesday, saying they would cut back more quickly on their pandemic-era stimulus at a moment of rising prices and strong economic growth, capping a challenging year with a policy shift that could usher in higher interest rates in 2022. The central bank’s policy statement set up a […]
Jelena McWilliams testified before the Senate Banking Committee in August. Some Democrats have criticized Ms. McWilliams, a Trump appointee who leads the Federal Deposit Insurance Corporation.Credit…Alex Wong/Getty Images A partisan fight atop a sleepy bank regulator intensified on Tuesday, with Democratic members of the Federal Deposit Insurance Corporation board saying its Republican chairwoman was subverting […]
Ms. Kosak said in an interview that she felt compelled to go public with her experience at SpaceX after seeing the essay about Blue Origin, which was written by Alexandra Abrams, the company’s former head of employee communications, who was fired by Blue Origin in 2019. On Nov. 8, Ms. Kosak said in an interview, […]
People who experienced the Great Inflation are more likely to fear high inflation around the corner than the young, who have lived mostly in an era in which inflation has rarely exceeded 2 percent. The young’s experience of economic stagnation during their formative years, after the housing bubble burst in 2008, is more likely to […]
Video transcript Back transcript N.Y.C. Food Banks Adapt to Pandemic’s Long Haul Persistent food insecurity and economic pressures have forced aid organizations to expand and adapt their systems for getting food to those in need. “Food Bank for New York City is the largest food assistance organization in New York City. We service about 800 […]
