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FEMA Was Overwhelmed by Hurricanes and Wildfires in 2017, GAO Says

FEMA Was Overwhelmed by Hurricanes and Wildfires in 2017, GAO Says

The back-to-back devastation of hurricanes Harvey, Irma and Maria, followed by catastrophic wildfires in California, overwhelmed federal disaster responders in 2017, according to a government report released Tuesday.

Published 1 month ago

Nike’s Colin Kaepernick Deal Puts Risk on Display

Nike’s Colin Kaepernick Deal Puts Risk on Display

Shares in the shoe giant fell nearly 3% as the company faced backlash over its decision to put NFL quarterback-turned-activist Colin Kaepernick at the center of an ad campaign.

Published 1 month ago

Athletes Challenge NCAA Limits on Compensation

Athletes Challenge NCAA Limits on Compensation

College athletes on Tuesday will mount their latest and strongest charge against the idea that they are amateurs as they begin a court challenge of the NCAA’s power to limit their compensation in a multibillion-dollar industry.

Published 1 month ago

How Argentina’s Evolving Economic Crisis Unfolded

How Argentina’s Evolving Economic Crisis Unfolded

Argentina’s currency is reeling and its interest rates have been raised to 60%, pummeling investors who piled into the country after it cured a longstanding debt default.

Published 1 month ago

Arizona Gov. Ducey to Pick Ex-Sen. Kyl to Fill John McCain’s Seat

Arizona Gov. Ducey to Pick Ex-Sen. Kyl to Fill John McCain’s Seat

Arizona Gov. Doug Ducey picked former Sen. Jon Kyl to fill the Arizona Senate seat that opened up with the death of Sen. John McCain, according a spokesman for the governor.

Published 1 month ago

FEMA Was Overwhelmed by Hurricanes and Wildfires in 2017, GAO Says

FEMA Was Overwhelmed by Hurricanes and Wildfires in 2017, GAO Says

The back-to-back devastation of hurricanes Harvey, Irma and Maria, followed by catastrophic wildfires in California, overwhelmed federal disaster responders in 2017, according to a government report released Tuesday.

Published 1 month ago

Russia Launches Strikes Ahead of Offensive on Syrian Rebel Bastion

Russia Launches Strikes Ahead of Offensive on Syrian Rebel Bastion

Russian warplanes struck Syria’s Idlib province on Tuesday as residents and rebels in the country’s last major opposition stronghold steeled for a regime offensive that the U.S. has warned could trigger a humanitarian disaster.

Published 1 month ago

Amazon Hits $1 Trillion Valuation

Amazon Hits $1 Trillion Valuation

Amazon followed Apple to become the second U.S. company to reach $1 trillion in market value, reflecting the online retailer’s striking transformation from a profitless bookseller into a disruptive force of commerce and society.

Published 1 month ago

More U.S. Cities Brace for ‘Inevitable’ Hackers

More U.S. Cities Brace for ‘Inevitable’ Hackers

A majority of the 25 most-populous U.S. cities have cyberinsurance or are looking into buying it. A ransomware attack on Atlanta earlier this year served as a warning of the constant barrage from hackers.

Published 1 month ago

Nike’s Colin Kaepernick Deal Puts Risk on Display

Nike’s Colin Kaepernick Deal Puts Risk on Display

Shares in the shoe giant fell nearly 3% as the company faced backlash over its decision to put NFL quarterback-turned-activist Colin Kaepernick at the center of an ad campaign.

Published 1 month ago

JD.com Founder Gets Back to Business in Beijing Days After Arrest in U.S.

JD.com Founder Gets Back to Business in Beijing Days After Arrest in U.S.

Liu Qiangdong’s appearance to announce a partnership with the Chinese company that owns Swiss luxury brand Bally—as Minneapolis police investigate an allegation of sexual misconduct—underscores what business observers describe as his extraordinary confidence.

Published 1 month ago

Getty Images back in the family as Carlyle Group sells out

Getty Images back in the family as Carlyle Group sells out

Private equity group writes down stake in picture library with $3bn deal

Published 1 second ago

How Argentina’s Evolving Economic Crisis Unfolded

How Argentina’s Evolving Economic Crisis Unfolded

Argentina’s currency is reeling and its interest rates have been raised to 60%, pummeling investors who piled into the country in recent years after it cured a longstanding debt default.

Published 1 month ago