Author: Press Room

New York CNN Business  —  Bill Ackman, the billionaire hedge fund manager and activist investor, has an alternative idea to fight inflation: Increase immigration. He criticized the Federal Reserve’s interest-rate hikes in a series of tweets Thursday and Friday as a blunt tool that will destroy consumer demand and trigger a recession. “Inflation can be mit igated by reducing demand and/or by increasing supply,” tweeted Ackman of Pershing Square Capital. “Doesn’t it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession? The argument goes…

Lucas, a 24-year-old White man, was charged with murdering Price, who was Black, after a preliminary investigation determined Lucas’ actions were unreasonable, authorities said.Lucas was responding to a report of a disturbance and a fight in progress at the store in October 2020. Price, who was 31, greeted him and tried to shake the officer’s hand. Lucas thought Price was drunk and attempted to detain him, but Price told him, “I can’t be detained,” according to the affidavit. “Officer Lucas continued to attempt to detain Price by grabbing Price’s arm and using verbal commands, which were both unsuccessful,” the affidavit…

When it comes to inflation, we’re barely staying afloat!  The Italian fashion house Moschino made a splash on the runway during Milan Fashion Week with a playful, inflation-themed line of clothing made from technicolor pool toys. Designer Jeremy Scott said the fashion show Thursday was a nod to world-wide price increases, and staying uplifted even amid an economic meltdown. “You have to save space for joy,” Scott said of the spring-and-summer collection, according to Vogue magazine. Models showcased 63 of the “inflation-chic” looks, using inner tubes as belts on dresses, along with dolphin-shaped water wings as glove-like accessories. The designs…

Aaron Judge came up just short of history on Thursday. He’ll get another chance on Friday. The Yankees outfielder, needing just one home run to tie Roger Maris’ franchise and AL mark of 61 home runs, brought the fans out of their seats in the bottom of the ninth inning. In his final-at bat of the series opener against the rival Red Sox with the game tied 4-4, Judge sent a ball to the warning track for a 404-foot fly out. The Yankees did earn a walk-off win in the 10th inning and clinched a playoff berth, but Judge —…

Rudy Giuliani blew off a Manhattan court hearing Friday where a judge said the former New York City mayor would be tossed behind bars if he doesn’t fork over $225,000 plus lawyer fees to his ex-wife by early next month. The ultimatum came at a hearing in the divorce case between Giuliani, 78, and former wife Judith Giuliani — who claimed in a lawsuit he’s fallen behind on payments totaling $262,000 owed under terms of their 2019 divorce settlement. “If the amount is not paid by that date, I’m going to be forced — unfortunately because it’s not something I want to…

A high-risk sex offender died at a Brooklyn psychiatric facility this week — and authorities believe he may have been killed in a fight with a fellow patient, cops said Friday. Level 3 offender Shakim Devega, 28, was found unconscious and unresponsive — with trauma to his neck — inside the Kingsboro Psychiatric Center on Clarkson Avenue near Albany Avenue in Crown Heights around 11:45 p.m. Tuesday, police said.  Investigators believe he was involved in a dispute with another male who was also staying at the facility, cops said.  He was pronounced dead at the Kings County Hospital Center, authorities…

In the wake of last month’s legislation requiring museums in New York to acknowledge art stolen by Nazis, a possible disagreement over a certain piece has been brought up, according to one report.In August, New York Gov. Kathy Hochul signed a law that requires museums to put up signs identifying pieces that were looted by the Nazis from 1933 to 1945, the Associated Press (AP) reported. It is estimated that 600,000 paintings were stolen from Jewish people during World War II, according to a press release from the New York Department of Financial Services.NEW LAW REQUIRES NY MUSEUMS TO ACKNOWLEDGE ART…

Cristiano Ronaldo was charged by the Football Association on Friday in relation to an incident that saw the Manchester United forward apparently knock a phone out of an Everton fan’s hand at a Premier League match in April.It is alleged Ronaldo’s conduct was improper and/or violent, the governing body said.Ronaldo received a police caution in August after being interviewed by officers in relation to an allegation of assault and criminal damage following the incident at Goodison Park on April 9.CRISTIANO RONALDO GOES TO MANCHESTER UNITED’S TRAINING GROUND AMID UNCERTAINTY AROUND FUTURE WHAT IS CRISTIANO RONALDO’S NET WORTH? A LOOK AT…

China has engaged in a decades-long campaign to insert and recruit allied researchers from the Los Alamos National Laboratory in New Mexico, according to a report from information security firm Strider Technologies.The report asserted that between 1987 and 2021, at least 162 scientists who passed through the nuclear research lab returned and worked with the Chinese government.FORMER CHINESE JUSTICE MINISTER SENTENCED TO DEATH FOR HELPING CRIMINALS, TAKING BRIBESOf these, 15 were permanent staff members, many carrying very high levels of security clearances.The scientists “returned to the [People’s Republic of China] to support a variety of domestic research and development (R&D)…

A 7.6 magnitude earthquake that rattled Mexico on Monday sent shockwaves that triggered a “desert tsunami” in a cave system 1,500 miles away in Death Valley National Park in Nevada, officials said.The quake rocked Mexico’s central Pacific coast, killing at least one person. About 22 minutes after the quake struck, the tremors caused 4-foot-high waves to slosh in Devils Hole, the National Park Service (NPS) said.Devils Hole is a partially water-filled limestone cave in Nye County, Nevada, and is hundreds of feet deep, according to the NPS. It is home to the endangered Devils Hole pupfish, which depend on algae that…