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maryellenmcminn – Announcement.News https://www.announcement.news Online News Portal Fri, 30 Jun 2023 12:47:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 222850030 Visitor logs show Silicon Valley execs regularly visit White House https://www.announcement.news/visitor-logs-show-silicon-valley-execs-regularly-visit-white-house-30/ https://www.announcement.news/visitor-logs-show-silicon-valley-execs-regularly-visit-white-house-30/#respond Fri, 30 Jun 2023 12:47:55 +0000 https://www.announcement.news/?p=77114 Big Tech executives have held a close-knit relationship with the White House, visiting 1600 Pennsylvania Ave with such regularity that could explain President Biden’s lackluster push for anti-trust legislation, insiders say. 

An analysis of White House visitor logs found that between July 2021 and September 2022, Big Tech’s most senior executives visited at least 38 times, averaging around 2.5 meetings per month. 

Apple CEO Tim Cook paid a visit to the White House five times over the 15-month sampling, and Apple sent high-level representatives 16 times in total.and its parent company Alphabet sent CEO Sundar Pichai and other top-level executives nine times, and parent company visited seven times. 

‘The Biden Administration has essentially given Apple, Google, Facebook and Amazon a staff badge,’ one former House Judiciary aide told DailyMail.com.’Instead of taking on Big Tech, they’ve allowed Big Tech to infiltrate the White House whenever they please.’  

Tim Cook, Apple CEO, and Lisa Jackson, VP of Environment, Policy and Social Initiatives, arrive at the White House for a state dinner in December 

On the campaign trail, Biden said he wanted to break up Big Tech monopolies and end Section 230.But the 2021-2022 Congress came and went and EVDEn evE nAKliyAt Big Tech legislation remained in limbo.  

While it’s normal for the White House to meet with business leaders, the frequency of such visits begs the question of what sort of closed-door promises were made, insiders say. 

‘The White House did very little to push Congress to move forward tech legislation anti-trust legislation, in 2021, and 2022,’ one former Democratic congressional aide told DailyMail.com.  

‘They had all those meetings with Big Tech executives, EvdEn eve nAKLiyAt but the real question is, how much were those executives successful in their private lobbying, in getting the White House not to escalate that fight?’ 

‘The idea that this revolving door of tech lobbyists and executives are allowed to have access to officials who allegedly are working on reining in Big Tech who are allegedly going after some of the most egregious behavior, it’s really problematic,’ another former Democratic staffer on Capitol Hill told DailyMail.com. 

Last Congress advocates criticized the White House for failing to utilize Democratic control of the White House and both chambers of Congress to prioritize legislation to take on Big Tech.

Apple CEO Tim Cook, IBM CEO Arvind Krishna and Google CEO Sundar Pichai listen as U.S.President Joe Biden speaks during a meeting about cybersecurity

Big Tech executives have held a close-knit relationship with the White House, visiting 1600 Pennsylvania Ave with such regularity that could explain President Biden’s lackluster push for anti-trust legislation, insiders say

They failed to push through the American Innovation and Choice Online Act and the Open App Markets Act, both of which would have prevented tech companies from self-promoting their own products and thwarting competitors. 

‘You clearly have some gatekeepers in in the White House in the administration, who are preventing Biden’s priorities as insofar as tech from moving forward,’ said the staffer. 

‘Whenever Big Tech gets scared, they walk into the White House, they they meet with their friendly official and that gatekeeper says don’t worry about it.’ 

Sens.Richard Blumenthal, D-Conn., and Marsha Blackburn, R-Tenn. said in a statement on their Kids Online Safety Act, which set new guardrails for sites likely to attract traffic from children, was cut out of FY 2023 spending bill due to industry lobbying.

The American Data Privacy and Protection Act overwhelmingly passed the Energy and Commerce Committee 53-2 last Congress, but never came up for a floor vote. 

The must-pass FY 2023 spending bill did include a bill that will raise money for anti-trust agencies by raising merger filing fees and a ban of TikTok on government phones. 

The source said the Biden administration gave high hopes to anti-trust proponents with bringing net neutrality advocate Tim Wu into the White House as an advisor and Big Tech foes Lina Khan to chair the Federal Trade Commission and Jonathan Cantor to lead the Justice Department’s anti-trust division. 

‘That was all in early 2021.And then, you know, it didn’t seem like they had that same level of commitment was to legislation.’ 

The White House declined to comment on the charges.  

Biden waited until January of this year to make one of his most pointed calls yet in an op-ed he penned directing Congress to pass legislation to rein in tech platforms.  

He first called for privacy protections that limit data collection and ban targeted advertising for kids and called for reform of Section 230 – which grants social media platforms immunity for what users post on their sites while preserving their ability to moderate content. 

Referencing a line he made in both last year’s and again in this year’s State of the Union address, Biden said: ‘We must hold social-media companies accountable for the experiment they are running on our children for profit.’

‘Ban targeted advertising to children and impose stricter limits on the personal data the companies collect on all of us,’ Biden said in his 2023 State of the Union Tuesday night.

‘The idea that he’s saying all of this during State of the Union and will again be talking about the dangers of Big Tech while officials in his own White House are allowing tech like Big Tech companies to just as effectively have open door access is is pretty egregious’ the ex-Democratic congressional aide said. 

In calling for ‘fairer rules of the road’ Biden made a nod at legislation that would ban Big Tech’s self-promotion of its own products. 

‘When tech platforms get big enough, many find ways to promote their own products while excluding or disadvantaging competitors — or charge competitors a fortune to sell on their platform,’ he wrote in his op-ed. 

But Biden and Republican legislators on Capitol Hill are at odds over how best to tackle Big Tech’s monopolistic tendencies. 

House Republicans, freshly in the majority, Evden eve NaKLiYAt are prioritizing censorship and anti-conservative bias.They have pushed back against legislation that prevents tech platforms from self-promoting their own products. 

Both parties want to overhaul Section 230, but for different reasons. Democrats want to tackle the spread of misinformation on things like elections and Covid-19, Republicans want to ensure that social media companies don’t censor posts that might involved things like vaccine or election skepticism. 

‘We need Big Tech companies to take responsibility for the content they spread and EVdeN eVE naKliyat the algorithms they use,’ Biden wrote in the Journal.’That’s why I’ve long said we must fundamentally reform Section 230 of the Communications Decency Act, which protects tech companies from legal responsibility for content posted on their sites.’ 

Speaker Kevin McCarthy’s office shot back that Biden wasn’t addressing the real issue.  

‘House Republicans will confront Big Tech’s abuses because the truth should not be censored,’ McCarthy deputy spokesperson Chad Gilmartin said in a release.’Americans should not be blocked or banned for sharing a link to a news article. But that’s exactly what Big Tech has done, which Biden wants to ignore. If you loved this write-up and you would like to obtain much more info relating to EVDEN EVE naKLiYAT kindly go to our web site. ‘ 

On December 14, incoming Judiciary Chair Rep. Jim Jordan wrote to five of the largest tech companies demanding they hand over correspondence between their companies and Biden administration officials. 

‘Although the full extent of Big Tech’s collusion with the Biden administration is unknown, there are prominent examples and strong indications of Big Tech censorship following directives or pressure from executive branch entities,’ Jordan wrote.’Because of Big Tech’s wide reach, it can serve as a powerful and effective partisan arm of the ‘woke speech police.”

But Jordan has opposed other anti-trust reform, including increasing the fees tech companies pay when they file a merger with the federal government to raise funds for the Federal Trade Commission’s anti-trust division. 

So far McCarthy has not prioritized anti-trust legislation aimed at Big Tech either.  

In his ‘Commitment to America’ GOP agenda released ahead of midterms, McCarthy promised to ‘confront Big Tech and advance free speech’ by repealing Section 230 and bolstering anti-trust enforcement. 

But he opposed a bipartisan pair of bills that would break up tech monopolies like Apple and Amazon and end their self-preferencing practices.Apple and Amazon’s biggest defendant in Washington, Jeff Miller, is a close ally and personal friend of McCarthy. 

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The man who monetized community in the office space with the controversial WeWork has turned the same theory to residential properties with his newest venture Flow https://www.announcement.news/the-man-who-monetized-community-in-the-office-space-with-the-controversial-wework-has-turned-the-same-theory-to-residential-properties-with-his-newest-venture-flow-34/ https://www.announcement.news/the-man-who-monetized-community-in-the-office-space-with-the-controversial-wework-has-turned-the-same-theory-to-residential-properties-with-his-newest-venture-flow-34/#respond Wed, 28 Jun 2023 08:52:34 +0000 https://www.announcement.news/?p=76962 The man who monetized community in the office space with the controversial WeWork has turned the same theory to residential properties with his newest venture Flow. If you liked this write-up and you would like to obtain even more info relating to evdeN eVE NakLiYat kindly check out our own site.  

Adam Neumann, 43, has described how the company will transform how people interact with their homes and give them with a sense of ownership even though they’re renting. To illustrate the idea he said tenants would plunge their own toilets instead of calling supers.

In , made public on Monday, Neumann discussed at length for the first time the vision behind his new real estate venture which will launch this year with properties in Atlanta, Miami and Nashville.

Flow will provide an ‘elevated experience’ and ‘find a way to share with the resident a portion of the value that they create’ to give them a sense of ‘equity’ in their homes.

During the 50-minute talk Neumann was joined by Marc Andreessen, a co-founder of the prominent Silicon Valley venture capital firm Andreessen Horowitz, which .

Adam Neumann, 43 who unsuccessfully attempted to revolutionize the commercial property industry with WeWork wants to change the way home rental works by giving renters a sense of ownership 

The cash injection .A website for the project just says: ‘Live life in Flow. Coming 2023.’ It is not clear when this year it is expected to launch.

Neumann spoke of ‘pillars’ to the business, which would allow his company manage and eVdEN Eve NaKLiyAT own buildings but also oversee the collection of rent.

Firstly, he said he would use ‘branded technology’ to ‘operate a management company that runs the buildings’.Second he would manage a portfolio of property like a traditional real estate fund.

Flow would also serve as a financial services company that would handle monthly rent payments, EvDEN evE nakliYAt which make up 35 percent of a renter’s expenditure, he said. 

A fourth and final pillar was the more abstract idea of finding a way to impart a sense of ownership in renters, but he also said that ‘ownership is a very complicated word’. 

‘If you’re in your apartment building and you’re a renter and your toilet gets clogged you call the super,’ he said.’If you’re in your own apartment and you bought it and you own it and your toilet gets clogged, you take the plunger 

‘It’s the difference when feeling like you own something to just feeling like you’re renting, from being transactional to actually being part of a community,’ he added.

‘If we are able to take this value creating mechanism and share with the residents a portion of the value, it’s going to make them feel ownership,’ he said.’If that value appreciates over time then I feel like I’m part of a community.’

Neumann said that for most Americans the majority of their equity is in their homes, but on the other hand renting is becoming more common, and people are needing to rent for decades and raise families in rented homes.

The new company will own and manage residential property in Atlanta, Miami and Nashville this year, it says

Marc Andreessen (pictured) is a co-founder of the prominent Silicon Valley venture capital firm Andreessen Horowitz, which invested $350 million into Flow last August

‘If you’re going to go into these multi-family buildings and you’re going to have this disconnected experience that you just said, but you’re not only going to be there for two years and then get married and move, you’re going to be there for 20.That sounds soul-crushing,’ he said.

Neumann put a lot of emphasis on the way technology would be used to enhance the renter’s experience. The company has posted job listings for more than ten engineering roles on its website, several of which are in New York and Texas and are related to the development of a ‘payments platform’.

In a last August announcing his firm’s investment in Flow, Marc Andreessen praised Neumann who he said was a ‘visionary leader’.

He added that for all the scrutiny facing Neumann after his failed IPO and questionable management style, ‘it’s often under appreciated that only one person has fundamentally redesigned the office experience …Adam Neumann’.

In explaining the firm’s decision to invest Andreessen hailed Neumann as the person who could fix the current issues with the housing industry.

Flow will provide an ‘elevated experience’ and ‘find a way to share, with the resident, a portion of the value that they create’ to give them a sense of equity in the business

Neumann has bought up apartment complexes, like Stacks on Main in Nashville, Tennessee

An entity tied to Neumann also owns Society Las Olas in Fort Lauderdale, Florida

‘The demographic trends driving America’s housing market are impossible to ignore: Our country is creating households faster than we’re building houses,’ he wrote.

‘Structural shortages in available homes for sale push housing prices higher, while young people are staying single for longer and increasingly concentrating in highly desirable urban centers.’

And as a result of the pandemic, Andreessen wrote, ‘many people will live in places far away from where they work, and many more will shift to a hybrid environment.’

‘Many people are voting with their feet and moving away from traditional economic hub cities to different cities, towns or rural areas with no diminishment of economic opportunity,’ he continued.

‘The residential real estate world needs to address these changing dynamics.And yet, virtually no aspect of the modern housing market is ready for these changes.’

‘We think it is natural that for his first venture since WeWork, Adam returns to the theme of connecting people through transforming their physical spaces and evdEn Eve NAKliyaT building communities where people spend the most time: their homes.’

https://www.announcement.news/the-man-who-monetized-community-in-the-office-space-with-the-controversial-wework-has-turned-the-same-theory-to-residential-properties-with-his-newest-venture-flow-34/feed/ 0 76962 COLUMN-Low visibility, low volatility make strange pairing :Mike Dolan https://www.announcement.news/column-low-visibility-low-volatility-make-strange-pairing-mike-dolan-28/ https://www.announcement.news/column-low-visibility-low-volatility-make-strange-pairing-mike-dolan-28/#respond Sat, 24 Jun 2023 14:19:08 +0000 https://www.announcement.news/?p=76674 By Mike Dolan

LONDON, Feb 8 (Reuters) – Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity – questioning any investment conviction, the reliability of pandemic-distorted data and still-low volatility gauges in financial markets.

In just six weeks of 2023, economic forecasters have hurriedly revised away this year’s long-assumed recessions in euro zone and the United States – confounded as they were by a mix of warm weather in Europe and some wild U.S.jobs market revisions and statistical quirks that have dramatically reshaped the interest rate outlook stateside.

Throw in China’s unexpectedly swift removal of “zero COVID” restrictions and already 2023’s global picture looks radically different than it did only in December – never mind the previous January before the Ukraine invasion redrew inflation, EvdEN EvE NaKLiyaT interest rate and investment maps for everyone last year.

Bearing in mind the United States, China and euro zone together account for well over half the annual $101 trillion of global output, that’s some collective moving target.

Wall Street giant Goldman Sachs – often a market mover with its big macro calls – is a good example.Last month it revised away forecasts for a euro zone contraction this year and this week cut its chances of a U.S. recession in 2023 to just one-in-four from one-in-three previously.

Yet as recently as mid-December, forecasts from Bank of America, Barclays and BNP Paribas were also plumping for EVdEN EvE nAKLiYaT a full-year contraction of U.S.gross domestic product this year.

Last month’s Bank of America survey of fund managers around the world still had net 68% expecting recession this year.

But no one’s quite sure all of a sudden – and so much for so-called ‘leading indicators’ like the historically inverted U.S.Treasury yield curve – traditionally a sure fire predictor of downturns ahead.

Last Friday’s red hot January employment report is forcing hurried rethinks everywhere. Treasury Secretary Janet Yellen stated baldly that the lowest jobless rate since 1969 is simply inconsistent with recession this year and Federal Reserve policymakers are already turning even more hawkish on the rate outlook.

Rates markets reared up to price Fed rates back above 5% and now expect them higher at yearend than they are today.Stocks swooned again and currency strategists, such as the team at Morgan Stanley, switched negative views on the U.S. dollar worldwide to neutral all of a sudden.

If that wasn’t enough whiplash, Fed Chair Jerome Powell chimed with his colleagues on more that needs to be done to tackle inflation – but also laced his comments with expectations of a cooling jobs market and opined on the difficulties predicting this cycle.

In other words, if your outlook hinges on getting a recession call right or nailing the timing of peak interest rates, be prepared to shift it now from week to week.

HOARDING AND FOMO

What’s the big deal?As famed British economist John Maynard Keynes is often quoted as saying: “When my information changes, I alter my conclusions.”

But the problem may indeed be the “information.”

To be sure, the dance around the “R word” is a little artificial.Rigid technical definitions involving consecutive quarters of contraction may mean changes are only the difference of a couple of tenths of GDP either way, the sort of margin easily revised away down the pike anyway.

A bigger issue is whether monthly data can be trusted for steer on the business cycle you’re trying to second guess.

High-frequency economic numbers were bamboozled by the pandemic’s economic shutdowns and reboot worldwide – with distortions still lingering on everything from supply chains to labour force participation, savings, consumption and policy rescues.

The energy shock around Ukraine merely compounded that by amplifying an outsize inflationary twist and household squeeze while jamming some supply chains even more.

Monthly economic updates now require significant health warnings and assumptions of “normalisation” may have been premature.

Although not inconsistent with other tight labour market soundings, the U.S.January jobs report was riddled with revisions, remodelling and seasonal adjustments.

While that may not change your view of employment today, reasonable concern about labour hoarding and lags between announcements of company layoffs and data surveys mean it’s hard to rely on it solely for a change of course the way many in markets seem to have done since Friday.

But even doubts about the data can be read both ways.Barclays’ economists stressed there was evidence of job hoarding in the fact that a huge downturn in the U.S. housing market last year clearly hasn’t shown up in construction layoffs. And if the Fed had assumed those job cuts would come and the sector is already bottoming, there may be more aggressive policy ahead.

But the numbers are so unclear, we’re still in a guessing game.

“It would be helpful to hear an assessment of what the Fed actually thinks is happening given structural economic changes, cyclical impulses and poorer quality data,” lamented UBS economist Paul Donovan ahead of Powell’s speech on Tuesday.

Investors trying to bet on where all this pans out can’t be filled with confidence.

And yet market volatility gauges have stayed peculiarly serene.

At just under 20, Wall Street’s VIX is pretty much at its average for the 33 years of existence.Bond market volatility remains well above its 20-year mean – but it has retreated sharply to two-thirds of last year’s peaks. Even currency volality is only marginally above average.

Are people just peering through the noisy macro and fearful of missing out on the return to beaten down assets?

BNP Paribas Chief Economist William De Vijlder talks of the risks of being “three times wrongfooted”.

“One would expect that bond and equity markets would rally when central banks signal that the tightening cycle is (almost) over,” he said.If you beloved this article and you also would like to obtain more info regarding EvDeN EVE NAkliyAT nicely visit the web-site. “But such positioning comes with the risk of being wrongfooted by the data. What follows is huge volatility.”

The opinions expressed here are those of the author, a columnist for Reuters.

(by Mike Dolan, Twitter: @reutersMikeD; Editing by Josie Kao)

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United Airlines technicians vote to ratify new contract https://www.announcement.news/united-airlines-technicians-vote-to-ratify-new-contract-29/ https://www.announcement.news/united-airlines-technicians-vote-to-ratify-new-contract-29/#respond Fri, 23 Jun 2023 19:33:10 +0000 https://www.announcement.news/?p=76626 Jan 30 (Reuters) – United Airlines Holdings Inc technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, evdeN EVe nakliyAT their union said on Monday.

International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house.

The agreement, which will be in effect until December 2024, eVdEN EVe NakLiYat comes at a time when airlines are coming up with attractive pay offers to retain workforce and eVDEn eVE nAKliyat add staff after a faster-than-expected rebound in the U.S.If you have any queries relating to where and how to use EvDeN EVe nAkliYaT, you can get in touch with us at our own site. travel market.

It includes a one-year early opener that allows for evDeN EVe NAKLiYAT bargaining on a successor agreement to begin in December 2023.

United Airlines did not immediately respond to a Reuters request for comment.(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)

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Seven out of 10 dry shampoos still on grocery store shelves contain detectable levels of a cancer-causing chemical — despite recent recalls of dozens of popular brands https://www.announcement.news/seven-out-of-10-dry-shampoos-still-on-grocery-store-shelves-contain-detectable-levels-of-a-cancer-causing-chemical-despite-recent-recalls-of-dozens-of-popular-brands-22/ https://www.announcement.news/seven-out-of-10-dry-shampoos-still-on-grocery-store-shelves-contain-detectable-levels-of-a-cancer-causing-chemical-despite-recent-recalls-of-dozens-of-popular-brands-22/#respond Fri, 23 Jun 2023 02:32:19 +0000 https://www.announcement.news/?p=76550 Seven out of 10 dry shampoos still on grocery store shelves contain detectable levels of a cancer-causing chemical — despite recent recalls of dozens of popular brands.

Research by a laboratory in tested a random sample of 148 different products sold in CVS, Walgreens and by online retailers like Amazon across the country.

Some 70 per cent were positive for benzene, EvdEn EvE naKLiYAt a known carcinogen which is strongly linked to leukemia and other blood disorders.Among those that contained the chemical were drug-store brand favorites Batiste and Not Your Mother’s — alongside premium brands Pureology and Kerastase.

Benzene levels varied by bottles, but nine were found to have at least 10 times the legal limit.One product — Not Your Mother’s Beach Babe Texturizing Coconut — had nearly 80 times the threshold.

The Food and Drug Administration (FDA) — which regulates beauty and eVdEn evE nAkLiyaT cosmetic products — told DailyMail.com today it was reviewing the findings.

Contamination may come from inactive petroleum-derived ingredients, EVDEN EvE NAKLiyAt a thickening agent, or isobutane, a spray propellant. 

Manufacturers including Church & Dwight — which makes Batiste — refuted the results, saying it had recently ‘confirmed’ with its suppliers that the dry shampoos don’t contain benzene.

It comes after millions of bottles of dry shampoo bottles from Dove, TRESemme and Bed Head were recalled across America last week after they were found to contain Benzene. If you have any concerns relating to where and just how to make use of evdeN EVe NaKliyaT, you could call us at the web-page.  

People who purchased the shampoos were urged to stop using them and visit the Unilever — the conglomerate that manufactured them — website for a full refund.

Pictured above are the brands that were found to contain benzene, a known carcinogen. Valisure, an independent lab in Connecticut which carried out the tests, has contacted the Food and Drug Administration (FDA) to ask it to issue a recall of the brands.The FDA said it was reviewing their report

Benzene is at the top of the FDA’s list of dangerous solvents.

It is considered a ‘Class 1 solvent’ that ‘should not be employed in the manufacture of drug substances, EVdEN EVE NaKliYAT excipients, and drug products because of their unacceptable toxicity’. 

Inhaling or absorbing the chemical over a long period of time can have devastating health effects because it causes cells in the body to work incorrectly.

https://www.announcement.news/seven-out-of-10-dry-shampoos-still-on-grocery-store-shelves-contain-detectable-levels-of-a-cancer-causing-chemical-despite-recent-recalls-of-dozens-of-popular-brands-22/feed/ 0 76550 European companies cut jobs as economy sputters https://www.announcement.news/european-companies-cut-jobs-as-economy-sputters-28/ https://www.announcement.news/european-companies-cut-jobs-as-economy-sputters-28/#respond Thu, 22 Jun 2023 04:17:21 +0000 https://www.announcement.news/?p=76429 Jan 31 (Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes.

Here are some of the companies that have announced cuts:

AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro reported in June.* FINNAIR: the Finnish airline said on Nov. 21 it would cut about 150 jobs, of which 90 in its home country, as part of a plan to return to profitability. * MICHELIN: the tire maker said in December it planned to cut up to 1,600 jobs in France, fewer than the 2,300 estimated in its initial voluntary redundancy plan as it seeks to safeguard production. * STELLANTIS: the world’s fourth largest carmaker indefinitely laid off an unspecified number of workers at its stamping plant in Michigan in mid-June to mitigate supply chain impacts.

INDUSTRIALS AND ENGINEERING * ALFA LAVAL: the Swedish engineering group in late October launched restructuring drive at its energy and marine units affecting around 500 employees.

* HUSQVARNA: the garden equipment and tools maker announced in late October it would cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * KONE: the Finnish elevator maker said on Jan. 26 it would reduce headcount by 1,000, of with 150 in Finland.

In the event you beloved this information and also you would like to be given more info with regards to EvdEn EVE naKliyAt i implore you to check out the internet site. * SIEMENS GAMESA: the Spanish wind turbine maker in late September said it planned to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability. * VALMET: eVden EVE nAkLiYAt Valmet launched negotiations in May for temporary layoffs at its valve factory in Helsinki of up to three months, affecting about 340 employees, due to reduced orders caused by the war and China’s COVID-19 restrictions.

FOOD, GENERAL RETAILERS AND CONSUMER GOODS * AHOLD DELHAIZE: the Dutch supermarket company said on Dec.

8 it planned to cut around 300 jobs at its online subsidiary Bol.com as part of a restructuring campaign. * CLAS OHLSON: the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. * H&M: the Swedish fashion giant, which employs roughly 155,000 people, said in November it would cut some 1,500 jobs as part of a 2 billion crown ($189.5 million) savings drive.

* ICA GRUPPEN: the Swedish retailer said in December it would cut about 200 jobs due to rising costs, inflation and decreases in disposable income to save some 1 billion crowns annually. * GETIR: the Turkish fast grocery delivery firm said in late May it planned to cut 14% of its staff globally due to rising inflation and costs, a source told Reuters.

* SALMAR: the Norwegian fish farmer in November announced temporary layoffs of 851 employees as the Norwegian government plans to hike taxes on salmon farms to aid its fight with inflation. * HENKEL: the German company behind Schwarzkopf said in early May it would cut about 2,000 positions due to low demand for its products, as well as rising costs and global supply chain issues.

BANKS AND FINANCIALS * KLARNA: Dagens Industri reported in May the Swedish payments company would lay off about 10% of its 7,000 employees.* MONTE DEI PASCHI DI SIENA: the Italian state-owned bank agreed with unions to cut 4,125 staff, out of a total of 21,015, by the end of 2022 through a costly, voluntary early retirement scheme.

TECH * PHILIPS: the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines.

* SINCH: the Swedish cloud communications company said in October it would lay off 150 staff, almost 4% of its workforce, as it targets gross savings of at least 300 million crowns per year. * SAP: the German software company said on Jan. 26 it planned to cut 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business.

* VODAFONE: the British telecom group plans to shed several hundred jobs, most of which are located at its London headquarters, as part of cost-saving measures announced in November, the Financial Times reported on Jan. 13, citing people briefed on the discussions.

OTHER * BASF: the German chemicals maker in October announced a new savings program that will include an undisclosed number of job cuts, eVDen eVE nakliyAt and later said its European operations needed to be “permanently” reduced.* TAYLOR WIMPEY: the British housebuilder said on Jan. 13 it was considering job cuts to keep a lid on costs, EvdEn EVE naKliYat but did not specify the number of potential job cuts. Source: Regulatory filings, Reuters stories and company websites ($1 = 10.4142 Swedish crowns) ($1 = 0.9222 euros) (Compiled by Agata Rybska and Louise Breusch Rasmussen in Gdansk; Editing by Alexander Smith and Milla Nissi)

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Kanye West’s Donda Academy announced it would be reopening its doors on Thursday, just hours after the principal said the school would shutter for the remainder of the 2022-23 school year https://www.announcement.news/kanye-wests-donda-academy-announced-it-would-be-reopening-its-doors-on-thursday-just-hours-after-the-principal-said-the-school-would-shutter-for-the-remainder-of-the-2022-23-school-year-34/ https://www.announcement.news/kanye-wests-donda-academy-announced-it-would-be-reopening-its-doors-on-thursday-just-hours-after-the-principal-said-the-school-would-shutter-for-the-remainder-of-the-2022-23-school-year-34/#respond Wed, 21 Jun 2023 03:12:36 +0000 https://www.announcement.news/?p=76321 Kanye West’s Donda Academy announced it would be reopening its doors on Thursday, just hours after the principal said the school would shutter for the remainder of the 2022-23 school year.

Parents at the exclusive Christian school received an email near midnight on Wednesday explaining that the school would be ‘returning with a vengeance,’ the following morning, a hard U-turn from a message they received just hours earlier from school administrators.

On Wednesday, EVDeN eVE nAkLiyAt Academy Principal Jason Angell sent an email to parents explaining that West, 45, had decided to close the school ‘effective immediately,’ with classes being cancelled as of Thursday.

But an internal email from ‘Parents of Donda’ obtained by told a much different story.

‘Join us tomorrow morning in worship for the return of Donda Academy,’ the email read.With the help of our parents and community, we are back and returning with a vengeance!’

‘The children of Donda are going to change the world,’ the message added.’ Apologies for the late email! See you bright and early!’

It is unclear whether the school itself is reopening in an official capacity, or whether parents and staff are taking it upon themselves to continue educating their children.  

The bizarre twist comes as  around his anti-semitic behavior, which has included repeated claims of ‘Jewish people’ in the media conspiring against him, and planned parenthood controlling black populations through genocidal abortions. 

Kanye West’s exclusive Christian school announced it would be closing for the remainder of the 2022-23 school year as the rapper continues to face fallout for his repeated anti-semitic comments

Students at West’s Donda Academy wear black Balenciaga uniforms designed by West himself.Above, Celtics basketball player Jaylen Brown pays a visit to the school

A school in the Simi Valley, just north of Los Angeles, which is believed to be the Donda Academy

West returned to Instagram on Thursday after being banned earlier this month, announcing he lost $2billion in a single day, in an apparent reference to Adidas dropping his Yeezy shoe line

On Thursday the rapper returned to Instagram after being banned earlier this month, posting that he ‘lost 2 billion dollars in one day’ in an apparent reference to the flock of brands which have dropped him in the wake of his bigoted behavior.

This week Adidas dropped his Yeezy shoe line – a deal which was worth $1.5billion – with Gap, Footlocker, TJ Maxx, and Balenciaga all following suit and cutting ties with the rapper.

Donda Academy’s closure and sudden reopening come just two months after it started up in August.The school did not respond to DailyMail.com requests for comment. 

The exclusive pre-K through 12 school – named after West’s mother, Donda – is located in a secret location in the Simi Valley just north of Los Angeles, and charges $15,000 per student.About half the student body receives financial aid and scholarships, according to The Post.

The school enrolls about 100 students and employees 16 teachers.  Parents sign a non-disclosure agreement to keep the school’s location secret and to say nothing about it.

There are reportedly a number of celebrities’ children in attendance – including R&B singer Keyshia Cole’s son Daniel – and the school is well known for its high-powered basketball team.Rising star Robert Dillingham, 17, plays for evDeN eVE NakliYaT the school, and NBA players like Celtics player Jaylen Brown have made appearances at the school. 

Students wear all black Balenciaga uniforms and Yeezy shoes designed by West himself.

Despite running the school, West’s children do not attend, and he have clashed with Kim Kardashian on the matter.

West previously complained on social media that Kim wouldn’t agree to send their four children for ‘[two] days at one school, three days at another.’ 

As of September the school had not yet been accredited, according to the , which means colleges might not accept diplomas from the school.

The Donda Academy website states that the school’s goal is ‘to provide the youth with the passion, purpose and spiritual foundations they need to thrive in tomorrow’s world.’

The curriculum has a strong focus on Christianity, the arts, and math and science.Students can take parkour as a physical activity, and the school has a strong high school basketball program. 

The school enrolls about 100 students and 16 teachers, with a number of students being the children of celebrities

The exclusive pre-K through 12 Donda Academy is located in a secret location in the Simi Valley just north of Los Angeles, and charges $15,000 per student

Parents sign a non-disclosure agreement to keep the school’s location secret

The curriculum has a strong focus on Christianity, the arts, evdEN evE naKliYaT and math and science.Students can take parkour as a physical activity, and the school has a strong high school basketball program

Angell emailed parents on Wednesday announcing the school’s closure for the remainder of the school year.

‘At the discretion of our founder, Donda Academy will close for the remainder of the 2022-2023 school year effective immediately, he wrote.

‘There is no school tomorrow [Thursday].’

Angell noted that the school’s leadership would help parents and students transition into their new school, and added that the Donda would begin ‘afresh’ in September 2023. 

On Wednesday the school’s basketball team was booted from the The Scholastic Play-By-Play Classics tournament, saying West’s ‘words and actions violate our values as a company and a country, and what we seek to ensure at all of our events – a spirit of diversity, sportsmanship, inclusion, equity and mutual respect.’

Representatives for the tournament expressed their remorse that West’s words cost his students the experience of participating in the coveted high school basketball tournament. 

‘While we are firm in our reasoning for this decision, it does not diminish our heartache and regret for Donda’s hardworking athletes who will lose out the most as a result of Kanye’s actions,’ the school added. ‘Unfortunately, we cannot in good conscience host an organization founded and directed by Mr.West at our events.’

TJ Maxx has become the latest company to sever ties with Kanye West in the wake of his vile anti-Semitic outbursts (pictured yesterday at a bagel shop in Los Angeles before arriving at the Skechers HQ) 

He was seen near a parking lot before he was escorted out of Sketchers HQ

TJ Maxx, whose CEO is Ernie Herrman (pictured in 2014) follows Gap and Foot Locker in no longer stocking any Yeezy merchandise in its stores 

Yesterday, the rapper was embarrassingly escorted out of Skechers headquarters after showing up unannounced to pitch his Yeezy brand a day after being dropped by Adidas and having his songs banned by Peloton.

Ye was taken out by two ‘executives’ according to a statement released by the company Wednesday afternoon. 

 said in a statement: ‘Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation. Skechers is not considering and has no intention of working with West.

‘We condemn his recent divisive remarks and do not tolerate anti-Semitism or any other form of hate speech.If you loved this article and you would like to receive additional details pertaining to EvDEn EVe NAKLiyAT kindly visit our own web page. The Company would like to again stress that West showed up unannounced and uninvited to Skechers corporate offices.’ 

West may have faced additional opposition if he had gotten a preapproved sit-down meeestimates comes from real estate, cash, his music catalog, and a 5 percent stake in ex-wife Kim Kardashian’s shapewear firm, Skims.

But as corporations around the world break off deals with Ye, music streaming service said it would not remove the rapper’s music unless his label requested it.

Recent anti-Semitic remarks made by the rapper are ‘just awful comments,’ and would have warranted removal from Spotify for violating its policies if they had been on a podcast or recording, Spotify chief Daniel Ek said.

However, music from the artist now known as Ye does not violate anti-hate policies, and any anti-Semitic comments he has made cannot be found on the music streaming platform.

‘It’s really just his music, and his music doesn’t violate our policy,’ said Ek, adding, ‘It’s up to his label, if they want to take action or not.’

Universal Music’s Def Jam label, which owns the copyright to West’s recordings from 2002 through 2016, and continued distributing his releases until last year, issued a statement condemning Ye’s remarks, saying: ‘There is no place for anti-Semitism in our society’.But the label has not asked for the removal of Ye’s recordings, many of which are critically acclaimed works.

Kanye West has seen several high profile and lucrative partnerships with major brands severed amid the backlash from anti-Semitic remarks

Ye has refused to walk back his remarks, blaming Jewish people for his mental health struggles in a recent podcast

A pair of Yeezy shoes are seen in a Foot Locker store on the day Adidas terminated its partnership with the American rapper and designer Kanye West, now known as Ye, in Garden City, New York, U.S., October 25, 2022

https://www.announcement.news/kanye-wests-donda-academy-announced-it-would-be-reopening-its-doors-on-thursday-just-hours-after-the-principal-said-the-school-would-shutter-for-the-remainder-of-the-2022-23-school-year-34/feed/ 0 76321 The Real Housewives of Salt Lake City’s https://www.announcement.news/the-real-housewives-of-salt-lake-citys-24/ https://www.announcement.news/the-real-housewives-of-salt-lake-citys-24/#respond Tue, 20 Jun 2023 04:56:51 +0000 https://www.announcement.news/?p=76192 The Real Housewives of Salt Lake City’s owned dozens of phony luxury items including bags and jewelry federal authorities seized during a raid of her residence last year.

The latest: The Real Housewives of Salt Lake City’s Jen Shah, 49, owned dozens of phony luxury items including bags and jewelry federal authorities seized during a raid of her Utah residence last year

Among the fraudulent items of merchandise, which were mostly manufactured in China, included fake purses aimed to resemble products from high-end brands including Balenciaga, Chanel, Fendi, Gucci, Hermes, Jimmy Choo, Louis Vuitton and Valentino.

The jewelry collection included counterfeit pieces made to resemble designers such as Bulgari, Chanel, Cartier, Dior, Gucci, Hermes, Louis Vuitton and Tiffany & Co.

Mixed in with the phony items were actual pieces of luxury accessories and jewelry from brands such as Yves Saint Laurent, Versace, Gucci, Louis Vuitton and Prada, as well as pieces from her castmate Meredith Marks’ brand.

Federal authorities took possession of all of the items amid a raid on the Bravo personality’s home in March of 2021 in the probe into her fraud case.

After the holidays: Jen Shah’s trial date has been pushed back until next year, after she plead guilty to charges of organizing a $5million telemarketing scam that targeted hundreds of elderly people

Approved: The Real Housewives of Salt Lake City star’s new court date is set for January 6, 2023

Shah’s sentencing date has been pushed back until next year, after she  that targeted hundreds of elderly people.

The  star’s new court date is set for , 2023, after the holidays. 

In court documents, obtained by , it was revealed that ‘Judge Sidney H.Stein approved the rescheduling on Wednesday, November 23.’ 

In July, Shah plead guilty to conspiracy to commit wire fraud, with the US attorney dropping her second count of conspiracy to commit money laundering. 

Shah’s assistant Stuart Smith previously admitted his part in the same scam, and had been due to testify against his former employer, until her guilty plea.

The US attorney’s office says Shah faces the maximum sentence of 30 years in prison, but NBC Connecticut reports that a plea deal will actually see her serve a maximum of 14 years. 

A few extra months of freedom: In court documents, obtained by Us Weekly , it was revealed that ‘Judge Sidney H.Stein approved the rescheduling on Wednesday, November 23’

Woah: Bravo cameras caught the moment Jen Shah fled the set of Real Housewives of Salt Lake City after an ominous phone call alerted her that authorities were on the way and she needed to head out

As part of her guilty plea, the reality star also agreed to forfeit $6.5 million and to pay restitution up to $9.5 million.

Addressing the court, the reality star said that she ‘knew it was wrong’ and that she was ‘so sorry’ for the ‘many people’ who were harmed.

Shah admitted that she ‘agreed with others to commit with wire fraud’ and ‘knew it misled’ victims, over 10 of whom were over the age of 55.

Shah added there was a ‘misrepresentation of the product… regarding value of the service,’ noting it ‘had little to no value. To read more about EVdeN EvE nakliYaT review our own page. ‘

When asked by US District Judge Stein if she knew what she was doing was wrong and illegal, Shah replied, ‘Yes, your honor.’

Priya Chaudhry, representing Shah told DailyMail.com: ‘Ms.Shah is a good woman who crossed a line. She accepts full responsibility for her actions and eVdeN eve NaKLiYAt deeply apologizes to all who have been harmed.

‘Ms. Shah is also sorry for EVdEn eve naKLiYAt disappointing her husband, children, family, friends, and supporters.Jen pled guilty because she wants to pay her debt to society and put this ordeal behind her and her family.’

Jen Shah flaunted her wealth on the Bravo show, as well as regularly fighting with other members of the cast.She brazenly accused Meredith Marks of being ‘fraudulent’ during a relationship healing dinner gone awry

Shah shamelessly flaunted her wealth on the Bravo show, gifting her costars diamond necklaces and hosting lavish parties in their honor. 

She was never without a designer outfit or handbag, and boasted about the size of her walk-in closets.Shah has been on the Salt Lake City franchise of the show since its premiere. 

Her storyline originally centered around her converting to Islam for her football-coach husband, and facing racism in the largely white, EvDEN EVe nakliyat Mormon community in Utah.

Her extreme spending and extreme fighting with castmates quickly became focal points of the popular reality show, but they were quickly overshadowed by her legal woes.

Shah was dramatically arrested during filming in March 2021 along with assistant Stuart Smith on suspicion of the federal offenses.

Her arrest was caught on camera by Bravo, with the star begging them to ‘turn off’ the cameras after she suddenly abandoned filming – claiming there was an emergency with her husband Sharrieff Shah. 

Sharrieff, a special teams coordinator for the University of Utah’s football team, received a call from Homeland Security informing him that they were looking for his wife.

Dramatic footage shows Shah leaving filming as the cast were about to leave on a trip to Colorado, with officers caught on camera asking for her whereabouts before she was arrested.  

Her storyline originally centered around her converting to Islam for her football-coach husband, who admitted his ‘heart stopped’ when he realized that his wife had been arrested

Smith pleaded guilty in November last year and had agreed to cooperate with federal prosecutors in their case against his old boss – a factor which likely contributed to her switching her plea.

https://www.announcement.news/the-real-housewives-of-salt-lake-citys-24/feed/ 0 76192 Owners of https://www.announcement.news/owners-of-29/ https://www.announcement.news/owners-of-29/#respond Sat, 17 Jun 2023 23:00:16 +0000 https://www.announcement.news/?p=75982 Owners of ‘s Yeezy shoes appeared to be considering their options after online searches for the sneakers soared just a day after Adidas announced it was cutting ties with the rapper.

In the wake of the German athletic brand’s decision to due to West’s repeated anti-Semitic remarks, searches for the terms ‘sell Yeezy’ skyrocketed by a stunning 581 percent on October 26, according to an analysis commissioned by .

Adidas was joined by other brand’s including Gap and that cut ties with the 45-year-old rapper, and TJX companies joined in on Wednesday by instructing its T.J.Maxx, Marshalls, and Home Goods stores to not buy any products associated with West.

Rising interest: Searches online for ‘sell Yeezy’ skyrocketed by 581 percent on October 26, according to analyses commissioned by Celeb Tattler, after Adidas cut ties with Kanye West, 45, and stopped production on Yeezy shoes; seen in 2019 in Los Angeles

Although many Yeezy owners are likely looking to sell their shoes, along with some who are hoping to score a rare pair, the data doesn’t shed light on their reasons for selling.

Some may be seeking to get rid of their shoes after West made himself a pariah with his anti-Semitic remarks — which followed months of harassing social media posts directed at his ex-wife Kim Kardashian and her ex-boyfriend Pete Davidson — though they’re seemingly still trying to make some money from the sale. 

Others may just be trying to cash in on the hopes that the price would skyrocket.

That appears to be the case, as  following Adidas announcement.

According to WANTD, which aggregates data on secondary market sites, evdEN Eve NaKliyaT Yeezys represented held nine of the top 25 spots on sneaker resale sites as of Tuesday morning, which marked a significant increase from just six weeks earlier. 

Growing list: Adidas was joined by other brand’s including Gap and Balenciaga that cut ties with the rapper, and TJX companies joined in on Wednesday by instructing its T.J.Maxx, Marshalls, and Home Goods stores to not buy any products associated with West

Mixed bag: It’s not clear if those searching about Yeezy sales are selling to express contempt for West or just hoping to cash in on a rising resale market; seen in 2016 in Hollywood

Jon Schaefer, who flips resold Yeezys on eBay, predicted that the price of the show could increase as much as 50 percent, according to .

By Schaefer’s prediction, the brand could soon cost an average of about $400 per pair. 

Sneaker reseller Lucas Titus noted in the same article that, ‘The novelty of owning a pair of Yeezys has worn off, thus lowering the resale value,’ though it seems poised to rise again. 

A review by Adidas claimed that ending its Yeezy partnership with West could cost the brand $246 million in net income this year. 

Rising in value: eVdeN EvE naKliyaT Jon Schaefer, eVden EVE NaKliyaT who flips resold Yeezys on eBay, predicted that the price of the show could increase as much as 50 percent after Adidas’ announcement, according to Forbes 

Following the dissolution,

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Guy Sebastian’s long-timer manager has been jailed for a minimum two-and-a-half years for embezzling more than $600,000 from his star client https://www.announcement.news/guy-sebastians-long-timer-manager-has-been-jailed-for-a-minimum-two-and-a-half-years-for-embezzling-more-than-600000-from-his-star-client-26/ https://www.announcement.news/guy-sebastians-long-timer-manager-has-been-jailed-for-a-minimum-two-and-a-half-years-for-embezzling-more-than-600000-from-his-star-client-26/#respond Sat, 17 Jun 2023 00:36:20 +0000 https://www.announcement.news/?p=75893 Guy Sebastian’s long-timer manager has been jailed for a minimum two-and-a-half years for embezzling more than $600,000 from his star client.

Titus Day was sentenced to a maximum four years in prison by Judge Tim Gartelmann at ‘s Downing Centre District Court on Thursday afternoon. 

Judge Gartelmann said the offences ‘all were committed for financial gain’ but it could not be established beyond reasonable doubt that 49-year-old Day was motivated by greed.

‘There is no evidence of remorse as the offender maintains his innocence – nor is there any evidence regarding prospects of rehabilitation,’ Judge Gartelmann said.

He found Day re-offending was nonetheless unlikely. 

Guy Sebastian’s former manager Titus Day was found guilty in June of embezzling $624,675 from the singer.Sebastian is pictured with wife Jules

Titus Day managed Guy Sebastian for about a decade and the men were once close friends.Day is pictured outside court before his sentencing on Thursday

Day was originally charged with 50 counts of embezzling at least $886,175 in royalties, performance fees and an ambassadorship from Sebastian between 2013 and 2020.

A jury found the father-of-three guilty in June of 34 offences in relation to money totalling $624,675 after deliberating for almost a week.

The offending was a breach of trust but there had been no significant organisation or planning, Judge Gartelmann found. It was not known how Day spent the money.

Publicity surrounding the case and the destruction of Day’s reputation had left him ‘devastated’ and it was unlikely he could ever recover professionally. 

The court case pitted two men who were once extremely close against each other and dragged in their wives, who had also been friends. 

The brutal split between Sebastian and Day also rocked the entertainment industry. 

The court heard Sebastian found ‘anomalies’ in financial records after he split from Day suggesting he was owed payments by his former manager.Sebastian is pictured with Day

Judge Gartelmann said character witnesses had universally described Day as generous, honest and trustworthy. All considered his offending out of character. 

Singer Tina Arena was among those who provided a reference for Day, describing him as ‘someone she trusts’ and a man with ‘honesty and integrity’.

The trial was beset by woes, including the death of original judge Peter Zahra, the dismissal of five jurors from a panel of 15 and Sebastian and Crown Prosecutor David Morters SC contracting . 

While it was Day fighting for his liberty, Sebastian said he felt he was on trial during the hearing and most of the media attention focused on him. 

The Voice judge was forced to reveal intimate details of his finances, including sometimes astronomical fees for performances and so-called ‘contra’ deals. 

Jurors heard the astronomical figures Sebastian was paid for performances, evdeN EVE nakLiYAt including $494,360 to support Taylor Swift (above) during the Australian leg of her 2013 world tour

The ARIA Award-winner was in the witness box for more than a week giving evidence in chief before Mr Morters and under cross-examination by Day’s barrister Dominic Toomey SC.          

Sebastian – who never signed a contract with Day – had so much money coming in from so many sources he did not notice hundreds of thousands of dollars missing from his bank account for years.

Jurors heard Sebastian was paid $494,360 to support Taylor Swift during the four-city Australian leg of her ‘The Red Tour’ in December 2013. 

He charged $54,341 to sing at a wedding in Jakarta in July 2017 and McDonald’s paid the entertainer $66,000 to appear at a conference in September that year.

The hit-maker also received $49,114.62 for singing at Allianz Stadium in Sydney during the British and Irish Lions rugby tour in 2013. 

Sebastian gave evidence he had been given a boat, international air fares and the use of two Toyota LandCruisers for himself and evdEn Eve nakLiyaT his wife instead of cash payment from major companies

In another sideshow to the trial, Jules Sebastian repeatedly denied her husband was a violent man when she was quizzed about an incident in the couple’s home in 2012.Sebastian is pictured at the piano in the couple’s house

The sums that were embezzled range from $593.53 in royalties from Sony Music to $187,524.42 for the Taylor Swift gigs. They also included $57,086.93 for a performance in Singapore and $77,042.96 from a Dreamworld ambassadorship. 

Day contended some of the money was withheld to pay expenses and buy shares on Sebastian’s behalf but Judge Gartelmann did not find evidence to support those suggestions. 

Sebastian gave evidence he had been given a boat, international air fares and the use of two Toyota LandCruisers for himself and his wife instead of cash payment from major companies. 

Day, a qualified lawyer, had first managed Sebastian in 2007 while working for 22 Management. Sebastian had about nine months left on a three-year contract when Day approached him in July 2009 to join his own new company 6 Degrees.

A jury found Titus Day guilty in June of embezzling $624,675 from his former client Guy Sebastian after deliberating for almost a week.Sebastian is pictured with wife Jules

The performer had an agreement with Day under which the agent was to receive a 20 per cent commission on his earning and was paying his manager $500,000 a year.

Sebastian terminated the arrangement in November 2017 in what became an acrimonious split. 

He subsequently found ‘anomalies’ in financial records suggesting he was still owed payments by Day and in July 2018 launched a civil claim against him.

Day made a counter claim against Sebastian alleging he was owed money, which led to an examination of the agent’s banking records revealing further anomalies.Sebastian then went to police.

Day told police the chart-topper owed him $1.2million in outstanding commissions.

Sebastian (above) had so much money coming in from so many sources he did not notice hundreds of thousands of dollars missing from his bank account for years

Mr Toomey took Sebastian through invoices, payment statements and banking records, eVdeN eve Nakliyat many of which the singer said he did not recall ever seeing.

At one point a frustrated Sebastian told Mr Toomey.’I am not forensically skilled… when it comes to money and numbers it is pretty clearly not my forte.’ 

Sebastian told the court some of what Day did for him required a ‘heavy work load’ but for EvDeN eVe NaKliYAT other tasks he needed ‘very little’ assistance. 

Day’s contribution to marketing Sebastian’s song writing and television appearances was negligible.Day would ‘hardly ever rock up’ when he was a judge on The X Factor, for instance, ‘but will take a $200,000 fee’. 

Sebastian denied he felt ‘great animosity’ towards Day, saying he instead felt ‘great disappointment’ in his former agent.

‘I have a lot of confusion as to now it’s got to this point,’ he said.

Singer Tina Arena (above) was among those who provided a character reference for Day, describing him as ‘someone she trusts’ and a man with ‘honesty and integrity’

In another exchange, Mr Toomey suggested to Sebastian he was ‘earning a large sum of money’ during his time under Day’s management.

‘Not as large as it should have been, Mr Toomey,’ he said.    

Mr Toomey quizzed Sebastian about ‘contra’ payments, which involved receiving goods for his services rather than money. In the event you loved this post as well as you want to acquire more info regarding EVdEN Eve naKLiYAt generously pay a visit to the web site.    

Sebastian agreed he been involved in ambassadorships with Bose, AirAsia, EVdEN eVe nakliyat Canon and Yamaha and accepted a Bluefin boat as payment for performing at a festival in Queensland.  

Mr Toomey asked Sebastian if he considered ‘contra’ – to be income.’I’m not sure,’ he responded.

‘It’s not something I’ve ever thought about. I hire accountants who’ve been instructed to do everything by the book. You don’t buy a dog and bark yourself.’     

The court case pitted two men who were once extremely close against each other and dragged in their wives, who had also been friends.Day is pictured left with Sebastian 

Sebastian also had to contend with an email he sent to Day describing the fans of Westlife singer Shane Filan as being ‘fat older women’.

Sebastian had been reluctant to support the Irish boy band star on a 2017 tour because his appearance would not be ‘the right fit’.

‘I said something which wasn’t great, something about feral old women or something,’ he told the court.  

In another sideshow to the trial, Jules Sebastian repeatedly denied her husband was a violent man when she was quizzed about an incident in the couple’s home in 2012.

Mrs Sebastian had rung her husband about an intruder she said was attempting to enter the couple’s house at Maroubra in Sydney’s south-east.

Her husband confronted the young man and there was a physical altercation but he denied headbutting the young man, although he told friends he had.

Day sought an apprehended violence order against Sebastian eight years later, citing his ‘violent history’.

It was two days after the AVO was served that Sebastian went to police with his complaint that Day had withheld money from him. 

Day had told police he received a phone call in May 2020 in which someone said:  ‘Guy Sebastian wants you f***ed’.

‘Two weeks ago he sent emails to my wife trying to intimidate her,’ Day claimed.Three weeks ago someone came on my property and let down my car tyres.’

Sebastian told the court he had never done anything to threaten Day or his wife and had no knowledge of anyone else having done so. Day eventually withdrew the AVO. 

Judge Gartelmann ordered Day, who has already indicated he would appeal his conviction, repay $624,675.He will be eligible for parole on May 16, 2025. 

https://www.announcement.news/guy-sebastians-long-timer-manager-has-been-jailed-for-a-minimum-two-and-a-half-years-for-embezzling-more-than-600000-from-his-star-client-26/feed/ 0 75893