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US charges second Frank college aid executive with defrauding JPMorgan

12 Jul 2023

By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday unveiled an indictment charging a second former executive of college financial aid startup Frank with defrauding JPMorgan Chase into buying the company for $175 million. Olivier Amar, 49, who was Frank’s chief growth officer, was charged with wire fraud, bank fraud, securities fraud and conspiracy. …

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Fed’s Jefferson, fellow Fed nominees advance toward confirmation

12 Jul 2023

By Moira Warburton and Ann Saphir WASHINGTON (Reuters) -U.S. President Joe Biden’s three Federal Reserve Board nominees, including his pick to fill the influential Fed vice chair post, advanced toward full Senate confirmation after winning backing from the Senate Banking Committee on Wednesday. Lawmakers led by the panel’s chair, Democrat Sherrod Brown, voted unanimously in …

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Iowa legislature passes six-week abortion ban in special session

12 Jul 2023

By Sharon Bernstein and Julia Harte (Reuters) -Iowa’s Republican-controlled legislature passed a bill in a special session on Tuesday banning abortions as soon as fetal cardiac activity can be detected, after around six weeks of pregnancy and before most women know they are pregnant. The ban is expected to swiftly be signed into law by …

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Vermont capital submerged in floodwaters with dam on verge of capacity

12 Jul 2023

By Brian Snyder and Rich McKay MONTPELIER, Vermont (Reuters) – A dam upstream from the Vermont state capital was holding at maximum capacity on Tuesday after “catastrophic” flooding shut down roadways leading out of Montpelier and trapped people in their homes. The Wrightsville Dam, which forms a reservoir four miles (6.4 km) north of Montpelier, …

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US says it no longer deems Donald Trump immune from E. Jean Carroll lawsuit

12 Jul 2023

By Jonathan Stempel NEW YORK (Reuters) -Donald Trump suffered a legal defeat on Tuesday as the U.S. government reversed its earlier position that the former president could be immune from the writer E. Jean Carroll’s $10 million defamation lawsuit against him. In a letter to Trump’s and Carroll’s lawyers, the U.S. Department of Justice said …

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Racism underlies disparities in maternal mortality in Americas -UN report

12 Jul 2023

By Nancy Lapid (Reuters) – High rates of pregnancy-related deaths among women of African descent in North and South America are likely due largely to racism in the form of verbal and physical abuse from health care providers, denial of quality care, and refusal of pain relief, a U.N. report found. The new analysis by …

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Hollywood studios, actors agree to mediation as strike deadline looms

12 Jul 2023

By Lisa Richwine LOS ANGELES (Reuters) -Negotiators for the SAG-AFTRA actors union agreed late Tuesday to call in a federal mediator to try to forge a last-minute agreement with Hollywood studios and avoid a second simultaneous strike in the entertainment business. The 160,000 members of SAG-AFTRA, Hollywood’s largest union, have authorized a strike if a …

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Senate Republican Tuberville calls white nationalists racist after taking heat

12 Jul 2023

By Richard Cowan and Moira Warburton WASHINGTON (Reuters) -Republican U.S. Senator Tommy Tuberville on Tuesday said white nationalists are racist after having denied that earlier in the day, an incident that drew criticism from the chamber’s top Democrat, Majority Leader Chuck Schumer. “White nationalists are racist,” Tuberville, a first-term senator and former college football coach, …

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Biden’s pick for top U.S. general warns on Republican blocking promotions

12 Jul 2023

By Phil Stewart and Patricia Zengerle WASHINGTON (Reuters) -President Joe Biden’s nominee to become the top U.S. general warned on Tuesday that a Republican senator’s blockade of military promotions could have a far-reaching impact across the U.S. armed forces, affecting troops and their families. “We will lose talent,” General Charles “CQ” Brown, the outgoing Air …

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U.S. students trailing pre-pandemic learning levels, new study shows

11 Jul 2023

By Rachel Nostrant (Reuters) – U.S. students have not caught back up to pre-COVID levels of learning in math and reading, with Black and Hispanic pupils among the hardest hit by the pandemic, a study released on Tuesday showed. The analysis by the Northwest Evaluation Association (NWEA) highlights the continuing toll on education from the …

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