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    Palace Beast News


    News
    Archegos Collapse Revealed ‘Weaknesses’ in Global Banks, Fed Says
    https://www.bloomberg.com/news/articles/2021-11-24/fed-says-archegos-collapse-revealed-weaknesses-in-global-banks
    The collapse of Archegos Capital Management revealed vulnerabilities at the banks supervised by the Federal Reserve, the U.S. central bank said in a report released Wednesday.
    Submitted at 11-24-2021, 11:20 PM by Forensic
    The Economy
    1 Comment
    Even Health-Care Workers With Long COVID Are Being Dismissed
    https://www.theatlantic.com/health/archive/2021/11/health-care-workers-long-covid-are-being-dismissed/620801/
    Medical professionals are used to being believed, but as patients, they found that their expertise didn’t matter.
    Submitted at 11-24-2021, 10:24 PM by sleeppoor
    Health & Beauty
    0 Comments
    ‘Am I even fit to be a mom?’ Diaper need is an invisible part of poverty in America
    https://19thnews.org/2021/11/diaper-need-rural-missouri/
    In rural areas, diaper banks are often the only lifeline for parents who cannot afford diapers, which can't be purchased with federal aid.
    Submitted at 11-24-2021, 10:24 PM by sleeppoor
    The Economy
    0 Comments
    Turkish lira crashes to 'insane' historic low after President Erdogan sparks sell-off
    https://www.cnbc.com/2021/11/23/turkish-lira-plummets-to-historic-low-after-erdogan-sparks-selloff-.html
    The sell-off was triggered after Turkish President Recep Tayyip Erdogan defended his central bank’s continued contentious interest rate cuts amid rising double-digit inflation. He labeled the move as part of an “economic war of independence,” rejecting calls from investors and analysts to change course.  Inflation in Turkey is now near 20%, meaning basic goods for Turks — a population of roughly 85 million — have soared in price and their local currency salaries are severely devalued.
    Submitted at 11-24-2021, 07:33 PM by Forensic
    The Economy
    4 Comments
    U.S. won't stand idly by if Iran gets 'too close' to nuclear weapon
    https://www.reuters.com/world/us-wont-stand-idly-by-if-iran-gets-too-close-bomb-2021-11-24/
    The United States will not stand idly by if Iran gets too close to a nuclear weapon, U.S. Special Envoy for Iran Rob Malley said in interview excerpts released on Wednesday ahead of next week's resumption of talks on reviving a 2015 nuclear deal.
    Submitted at 11-24-2021, 05:24 PM by sleeppoor
    The World
    1 Comment
    Climate change causing albatross divorce
    https://www.bbc.com/news/newsbeat-59401921
    There are more bird break-ups in warmer years, a study of 15,500 breeding pairs finds.
    Submitted at 11-24-2021, 05:29 PM by Disruptive Emotional-Support Pig
    The World
    2 Comments
    Prosecutors can photograph tattoos of Auburn officer charged with murder, judge rules
    https://www.seattletimes.com/seattle-news/prosecutors-can-photograph-tattoos-of-auburn-officer-charged-with-murder-judge-rules/
    Judge Nicole Gaines Phelps granted a request by King County prosecutors to photograph Officer Jeffrey Nelson's "torso, front and back, left and right arms, including his wrists, hands, neck and legs," according to a four-page order filed on Tuesday.
    Submitted at 11-24-2021, 04:52 PM by sleeppoor
    Crime
    1 Comment
    Katz declines to prosecute driver who fatally hit Astoria delivery worker — Queens Daily Eagle
    https://queenseagle.com/all/2021/11/23/katz-declines-to-prosecute-driver-who-fatally-hit-astoria-delivery-worker
    Queens District Attorney Melinda Katz has declined to prosecute the driver who fatally ran over a delivery worker in Astoria in April.
    Submitted at 11-24-2021, 04:29 PM by sleeppoor
    Crime
    1 Comment
    Fighting the Inflation Profiteers
    https://prospect.org/api/content/1dc6cf3e-4ca6-11ec-91a9-12f1225286c6/
    In a time of high inflation, you hear a lot about companies “passing costs” on to customers. In order for companies to maintain their God-given right to earn a profit, they must raise prices to offset the cost of producing goods and getting them into peoples’ hands. And thanks mostly to the hidden risk, exposed by the pandemic, of neoliberal gospels like just-in-time logistics, deregulation, and offshoring, prices really are going up. But there’s something else mixed in with this latest bout of inflation. Companies aren’t just passing costs onto us. With corporations using inflation as a cover for raising their prices, you and I are passing profits onto companies. “Executives are seizing a once in a generation opportunity to raise prices,” reads a Wall Street Journal storyexplaining that around two-thirds of the largest publicly traded companies are showing profit margins higher today than they did in 2019, before the pandemic. Over 100 companies show profit margins of 50 percent or more above those 2019 levels.
    Submitted at 11-24-2021, 04:00 PM by Forensic
    The Economy
    1 Comment
    Step into the Black Panther Party’s 1968 office with OaklandVR
    https://oaklandside.org/2021/11/22/step-into-the-black-panther-partys-1968-office-with-oaklandvr/
    The team joins several other groups and individuals in commemorating the Black Panthers’ legacy in Oakland this year.
    Submitted at 11-24-2021, 03:56 PM by Forensic
    Off Topic
    0 Comments
    Wall Street Grudgingly Allows Remote Work as Bankers Dig In
    https://www.nytimes.com/2021/11/24/business/wall-street-remote-work-banks.html
    Citi, whose chief executive, Jane Fraser, started her job in the middle of the pandemic, has hired shuttle buses so that employees coming into Midtown Manhattan from suburban homes can avoid taking the subway to the bank’s downtown offices. To allay concerns about rising crime in New York, at least one other firm has hired shuttle buses to ferry people a few blocks from Pennsylvania Station to offices in Midtown, Ms. Wylde said.
    Submitted at 11-24-2021, 03:54 PM by Forensic
    The Economy
    0 Comments
    Walmart pulls children's toy that swears and sings in Polish about doing cocaine off its website
    https://toronto.ctvnews.ca/mobile/walmart-pulls-children-s-toy-that-swears-and-sings-in-polish-about-doing-cocaine-off-its-website-1.5678364
    An Ontario grandmother who bought an educational toy for her 15-month-old granddaughter was shocked when the dancing cactus started swearing and singing about doing cocaine.
    Submitted at 11-24-2021, 09:01 AM by Spöklika
    The World
    5 Comments
    something positive for once.
    https://qns.com/2021/11/oldest-gay-bar-in-queens-to-remain-in-jackson-heights-after-purchase-of-its-roosevelt-avenue-building/
    This was my once and future neighborhood. I didn't know this place existed, because I don't drink and it was basically one block further on Roosevelt than I would normally walk. I imagine they can afford the building partially because Roosevelt has an elevated train running down it, which kind of keeps the street from getting too fancy.
    Submitted at 11-24-2021, 05:24 AM by useless_pedant
    The World
    0 Comments
    Child COVID cases are on the rise, jumping 32% in latest surge
    https://arstechnica.com/science/2021/11/child-covid-cases-are-on-the-rise-jumping-32-in-latest-surge/
    Children accounted for just over 25 percent of all COVID-19 cases in the week ending on November 18. However, children make up only about 22 percent of the US population. As more adults have gotten vaccinated, children have made up larger shares of infections. Throughout the whole pandemic, children have made up nearly 17 percent of all cases. Almost 6.8 million children are known to have been infected since the pandemic began
    Submitted at 11-24-2021, 03:25 AM by Nibbles
    Health & Beauty
    0 Comments
    Inflation: is now the time to get worried?
    https://www.ft.com/content/570e9180-45fb-4157-9727-553c2471c309
    In the US, the average inflation forecasts for 2021, compiled by Consensus Economics, began to rise sharply from 2 per cent in January to 4.5 per cent now. For 2022, the forecasts have risen from just over 2 per cent to 3.7 per cent. Similar forecast upgrades to inflation have been seen in the rest of the G7 with the exception of Japan, although they are now creeping up even there.
    Submitted at 11-24-2021, 02:56 AM by Nibbles
    The Economy
    2 Comments
    The Radical World of Chicago’s Black Comic Artists
    https://www.thenation.com/article/culture/chicago-comics-life-see/
    An anthology of Black comic book makers from the the postwar era offers a glimpse into a genre of art that skewered the bigotry of white liberalism.
    Submitted at 11-24-2021, 02:47 AM by sleeppoor
    Arts
    0 Comments
    Riverside County Resident, Civil Rights Groups Sue ICE for Unlawful Arrest
    https://www.advancingjustice-alc.org/news_and_media/riverside-county-resident-civil-rights-groups-sue-ice-for-unlawful-arrest/
    Adding to long history of ICE’s violations of Californians’ civil and constitutional rights, new lawsuit underscores need for VISION Act and administrative action LOS ANGELES — Civil rights groups in California today sued U.S. Immigration and Customs Enforcement (ICE) for the unlawful arrest of a U.S citizen. The new lawsuit comes as the legislature turns its attention to ending transfers from CDCR to ICE and public outrage at ICE’s unconscionable treatment of community members grows. The suit exposes how the federal immigration agency violates people’s civil and constitutional rights and how CDCR’s entanglement with ICE directly harms Californians. Asian Americans Advancing Justice – Asian Law Caucus, the ACLU Foundation of Northern California, and the law firm Sidley Austin LLP represent Brian Bukle, a Black resident of Riverside County who has lived in the United States since he was a toddler and has been a U.S. citizen for over 50 years. When Mr. Bukle was incarcerated in 2018, he repeatedly told CDCR officers that he was a U.S. citizen, but CDCR chose to report him to ICE for deportation and turn him over to ICE’s private contractors. ICE also ignored Mr. Bukle’s pleas and refused to investigate his claim to U.S. citizenship, detaining him for over a month during a COVID-19 outbreak until an immigration attorney intervened. “ICE and CDCR didn’t care about me or my life,” said Brian Bukle. “After I served my sentence I thought I would be going home to see my son for Father’s Day. Instead, I came this close to being deported and losing everything, a nightmare that has stayed with me to this day. CDCR and ICE continually harm Black and immigrant families whether or not we are U.S. citizens.” “ICE has continually flouted its obligations under the Constitution and internal policies to avoid arresting U.S. citizens, resulting in Mr. Bukle and others like him being detained in dangerous and life-threatening conditions for weeks or months at a time,” said Vasudha Talla, Immigrants’ Rights Program Director at the ACLU of Northern California.
    Submitted at 11-24-2021, 02:45 AM by sleeppoor
    Crime
    0 Comments
    Skeleton of new dinosaur species discovered in Missouri
    https://fox2now.com/news/skeleton-of-new-dinosaur-species-discovered-in-missouri/
    Missouri is now dinosaur country.
    Submitted at 11-24-2021, 02:39 AM by sleeppoor
    Science
    1 Comment
    Starbucks launches aggressive anti-union effort as upstate New York stores organize
    https://www.theguardian.com/business/2021/nov/23/starbucks-aggressive-anti-union-effort-new-york-stores-organize
    Management urges baristas to reject the union at mandatory ‘listening’ sessions, shuts stores holding drives
    Submitted at 11-24-2021, 02:37 AM by Spöklika
    Crime
    0 Comments
    Berkeley High knew for 15 years of allegations chemistry teacher sexually harassed students
    https://www.berkeleyside.org/2021/11/23/berkeley-high-knew-about-matthew-bissell-sexual-misconduct-allegations
    In March 2015, Berkeley High chemistry teacher Matthew Bissell received a 10-page letter from his principal, Kristin Glenchur, stating that his pattern of unprofessional conduct, including ogling female students in low-cut blouses and making inappropriate remarks, constituted grounds for dismissal.  It was the first time Bissell — now being sued by a former student, Rachel Phillips, who says he repeatedly sexually assaulted her from 1999-2003 — was formally reprimanded by a school administrator for sexual harassment. But district officials had long been aware of his alleged misbehavior. Vice Principal Matt Huxley raised concerns about Bissell ogling students around 2006, according to the letter. And Vice Principal Amy Frey had told him not to comment on girls’ appearance or make inappropriate jokes multiple times between 2008 and 2010. Bissell would be reprimanded at least twice more, by Vice Principal Felicia Phillips in March 2016 and by Vice Principal Tonia Coleman in May 2018. But Berkeley High was only able to get rid of him last winter.
    Submitted at 11-24-2021, 01:46 AM by Forensic
    Education
    2 Comments
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