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China to develop Xinjiang free trade zone despite Western sanctions
China to develop Xinjiang free trade zone despite Western sanctions
By Joe Cash BEIJING China on Tuesday set out plans to develop a free trade zone in its
2023-10-31 18:59
Up-for-Grabs Latino Voters Signal 2024 Fight Ahead for Democrats
Up-for-Grabs Latino Voters Signal 2024 Fight Ahead for Democrats
A wavering group of Latino voters is up for grabs as the 2024 election nears, signaling a warning
2023-07-23 22:29
Holiday Spending to Grow 14% This Year, Deloitte Survey Shows
Holiday Spending to Grow 14% This Year, Deloitte Survey Shows
Holiday season spending is expected to rise this year versus last year, though the increase among middle-income shoppers
2023-10-17 13:20
Analysis-US corporate debt binge could be hard to sustain
Analysis-US corporate debt binge could be hard to sustain
By Shankar Ramakrishnan, Matt Tracy and Laura Matthews NEW YORK Large U.S. companies have been on a bond
2023-06-01 12:29
Nevada Seeks Receivership for Crypto Custodian After Millions Are Lost
Nevada Seeks Receivership for Crypto Custodian After Millions Are Lost
Nevada has asked a federal court to appoint a receiver for Prime Trust, alleging that the custodian used
2023-06-28 06:29
Dominican University Announces New Chicago Campus in Pilsen
Dominican University Announces New Chicago Campus in Pilsen
RIVER FOREST, Ill.--(BUSINESS WIRE)--Aug 15, 2023--
2023-08-15 22:47
African business leaders chafe at obstacles to trade
African business leaders chafe at obstacles to trade
More than four years ago, African countries gave the ceremonial push to a deal to scrap internal trade barriers -- a historic scheme that would create a continent-wide...
2023-06-11 11:56
UK telecoms firm BT announces exit of chief executive
UK telecoms firm BT announces exit of chief executive
British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55...
2023-07-10 18:53
Schwab Says TD Ameritrade Deal Spurring Retail, Advisory Attrition
Schwab Says TD Ameritrade Deal Spurring Retail, Advisory Attrition
Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition
2023-08-14 20:46
Accenture Completes Acquisition of Anser Advisory
Accenture Completes Acquisition of Anser Advisory
NEW YORK & SANTA ANA, Calif.--(BUSINESS WIRE)--Aug 7, 2023--
2023-08-07 23:24
Corporate America Is Rethinking Diversity Hiring
Corporate America Is Rethinking Diversity Hiring
The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set
2023-11-22 18:46
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:27