Connect with us

Business

Business Reckons With a Historic Court Moment

Published

on

Business Reckons With a Historic Court Moment

Immediately, senators will start hearings on the historic nomination of the federal appellate choose Ketanji Brown Jackson to the Supreme Court docket. She is the primary Black lady nominated to serve on the courtroom and the one candidate ever to have served as a public defender. Right here’s what her nomination would possibly imply for enterprise.

Decide Jackson has a various résumé. She dealt with civil and prison instances, served on the federal sentencing fee, labored in personal regulation companies, clerked for Stephen Breyer (the justice she’d be changing), attended Harvard and briefly reported for Time journal. She is dealing with pushback from some Republicans who say she was overly lenient in some instances, and even those that reward her credentials, just like the minority chief Mitch McConnell of Kentucky, gained’t decide to voting for her.

A number one enterprise group is cautious. The U.S. Chamber of Commerce endorsed the three most up-to-date Supreme Court docket nominees appointed by President Donald Trump. The commerce group, which historically leans conservative, has lately promoted bipartisanship, endorsing some Democratic candidates for workplace. It hasn’t but expressed a place about Decide Jackson’s nomination. In an e-mail to DealBook, a Chamber spokeswoman stated: “It’s clear that Decide Jackson is an completed lawyer and a revered jurist. We look ahead to studying extra about how she would method serving on our nation’s highest courtroom.” The U.S. Hispanic Chamber of Commerce and U.S. Black Chambers have endorsed her nomination.

“Variety is a key pillar of America’s financial vitality,” stated LeRoy Cavazos-Reyna of the Hispanic chamber. For minority-owned companies, it’s “crucial” that the nation’s variety is mirrored on the excessive courtroom, as a result of it makes selections “that straight correlate with the monetary stability of our residents, which interprets into our collective American shopping for energy.”

This nomination is a mannequin for enterprise leaders, stated Ruchika Tulshyan, the writer of a brand new e book on variety within the office, “Inclusion on Goal.” As a candidate, President Biden promised to make a historic nomination, so the follow-through exhibits “a degree of intentionality” that Tulshyan stated is important to selling equality within the justice system and workplaces extra typically.

Advertisement

Decide Jackson by the numbers:

  • She has been confirmed by the Senate thrice, together with for her present position on the U.S. Court docket of Appeals for the D.C. Circuit, by a vote of 53-44 final June.

  • She has presided over 12 trials that made it to verdict, half civil and half prison proceedings.

  • She’s written greater than 560 opinions. The latest denied Uber’s movement to dismiss in a case alleging discrimination towards wheelchair customers. She rejected arguments that Uber can’t be held accountable for discrimination as a result of it solely serves as a “conduit” between passengers and drivers.

A industrial airliner crashes in southern China with 132 individuals on board. The Boeing 737 operated by China Japanese Airways went down within the Guangxi area. The crash might be the worst in China for the reason that Nineties, and raised investor considerations concerning the impact on Boeing, whose shares fell in premarket buying and selling.

Hong Kong eases journey restrictions that anxious large enterprise. Native authorities stated they might quickly raise a flight ban from 9 international locations, together with the U.S., for Hong Kong residents and shorten their quarantine interval to seven days. The announcement got here after many companies sought to maneuver staff out of the territory over the journey curbs.

Saudi Aramco reviews blockbuster earnings. The Saudi-controlled oil large stated earnings greater than doubled, to $110 billion, because it benefited from the leap in crude costs. That can assist Riyadh in its aim of investing overseas and diversifying the dominion’s financial system.

Elon Musk’s ties to China reportedly fear Washington. U.S. lawmakers are involved about Beijing gaining access to categorized data at SpaceX, together with via international suppliers to the area exploration firm and thru hyperlinks between SpaceX and Tesla, The Wall Road Journal reviews.

Advertisement

Laptop chip makers face a dire element crunch, a key provider warns. The chief of ASML, which makes tools to supply superior semiconductors, predicted that there could be supply-chain shortages for the following two years.

The Worldwide Vitality Company lately predicted that Russian oil exports would drop by 3 million barrels a day, or roughly a 3rd of its whole output, as quickly as subsequent month. Some are skeptical that the dropoff can be that large, however market watchers are monitoring the consequences of sanctions, embargoes and disruptions to grease provides after Russia invaded Ukraine, a key determinant of the place oil costs are headed.

It’s laborious to know if Russian oil gross sales have slid for the reason that begin of the conflict. The oil market is opaque and Russian oil gross sales, specifically, are typically performed in over-the-counter transactions. Most oil is offered 30 days earlier than loading, so it could be some time earlier than Russian oil deliveries replicate gross sales for the reason that invasion. “In the event you cease shopping for crude that was going to be loaded mid-March, the impression of that doesn’t begin getting actually felt till April 1,” Andy Lipow, an oil trade marketing consultant based mostly in Houston, informed DealBook.

That’s led to a hunt for clues in obscure vitality trade knowledge. Matt Smith, an oil analyst with the analytics agency Kpler, has been watching particular person ships. Final week, he seen a tanker carrying Canadian oil that left from a U.S. Gulf port headed for Eire, a mix he hadn’t seen earlier than. Smith says the bizarre route might counsel that Europe is beginning to diversify its provides. “There are a couple of tentative indicators that flows from elsewhere are selecting up,” Smith informed DealBook.

A key refinery suggests Russian gross sales are underneath strain. Most Russian oil is shipped overseas as crude and refined elsewhere. However Russia has some refineries specializing in processing foreign-bound oil. Lipow says the one to observe is Tuapse, the one Russian refinery on the Black Sea. About 10 days in the past, Lipow stated, the refinery needed to sluggish operations as a result of it had an excessive amount of oil coming in and never sufficient going out.

Advertisement

Others are skeptical that the movement of Russian oil will sluggish. Simon Johnson, an economist at M.I.T., stated he and his colleagues have been monitoring the sale of Russian oil for weeks, out of a want to do one thing to assist Ukraine and level out who’s funding the Russian conflict effort. Based mostly on their evaluation, it seems that Russian oil shipments are growing, particularly to India but in addition to Europe.

The newest within the Russia-Ukraine conflict:


— Kevin Roose, The Instances’ tech columnist, in “The Latecomer’s Information to Crypto,” a part of a package deal answering the commonest questions on cryptocurrency. There are additionally guides to web3, NFTs, DAOs and DeFi. (In the event you don’t know what these phrases imply, the hyperlinks are value a click on.)


Russian bonds: Buyers proceed to gauge the Russian authorities’s skill to repay international money owed, with a $66 million cost due right now on a dollar-denominated bond. Amid some doubts about its entry to funds, Russia repaid $117 million in coupons final week.

Local weather reporting: The S.E.C. meets right now to think about whether or not corporations must be required to report on their greenhouse fuel emissions — and targets to scale back their carbon footprints.

Advertisement

Theranos trial: Opening statements for the trial of Ramesh Balwani, the previous president of Theranos and ex-boyfriend of Elizabeth Holmes, are anticipated to start on Tuesday. Balwani faces a number of fraud prices; prosecutors say he was a co-conspirator in defrauding buyers.

Financial updates: The Fed chair Jay Powell is scheduled to talk at occasions on Monday and Wednesday, whereas on Friday the College of Michigan will launch its last March studying of shopper sentiment, which has plunged as larger inflation has lowered spending energy and offered issues for policymakers like Powell on the Fed.


The Y Combinator-backed investing app Alinea is designed by Gen-Z buyers for, nicely, themselves. It was created to attenuate anxiousness and concentrate on social impression, say founders Eve Halimi and Anam Lakhani, who’re each of their mid-20s. “Proper now nobody else is particularly focusing on them,” Lakhani informed DealBook.

Alinea’s founders, who bonded in faculty, wished extra younger ladies to speculate. They raised greater than $2 million to tackle what they name the “old fashioned” on-line buying and selling large Robinhood (which launched in 2015). They criticized Robinhoods “triggering” brilliant colours and nudges to commerce; Alinea’s interface depends on pastels and “playlists” that bundle investments.

“Gen-Z already experiences unbelievable quantities of tension, Lakhani stated. “We wished to verify when individuals come on to the Alinea app they really feel calm as a result of there are such a lot of anxiety-inducing merchandise on the market.” And to deal with prospects’ ethical and moral considerations, the founders stated, the playlists embody investments round local weather impacts, Black empowerment, women-led corporations and extra.

Advertisement

Crypto joins the combination right now, with 20 digital currencies launching in 49 states. Crypto was a part of the unique imaginative and prescient, however approvals proved tough, the founders found. They quickly hope to supply extra tokens and playlists for buyers who would possibly discover venturing into these notably risky markets anxious.

Offers

  • Warren Buffett’s Berkshire Hathaway will purchase the reinsurer Alleghany for $11.6 billion. (Bloomberg)

  • The TV-ratings firm Nielsen stated it had rejected a $9 billion takeover bid from an investor consortium as too low. (WSJ)

  • The enterprise software program firm Anaplan, underneath strain from activist buyers, agreed to promote itself to the personal fairness agency Thoma Bravo for $10.7 billion. (FT)

  • G.M. purchased out the SoftBank Imaginative and prescient Fund’s almost 20 % stake in Cruise, the carmaker’s autonomous-vehicle arm. (Reuters)

Coverage

  • A Texas lawmaker threatened to bar Citigroup from underwriting municipal bonds within the state except it stopped paying the journey prices for workers searching for abortions outdoors the state. (NYT)

  • “How Massive Tech misplaced the antitrust battle with Europe” (FT)

  • Personal pupil mortgage lenders are lobbying the Biden administration to restart federal pupil mortgage repayments, after a two-year pause. (Politico)

Better of the remaining

  • A former Google worker sued the tech large, claiming it systematically discriminated towards Black staff. (NYT)

  • “Toronto, the Quietly Booming Tech City” (NYT)

  • Contained in the testy relationship between Bob Iger and Bob Chapek, Disney’s ex- and present C.E.O.s. (CNBC)

  • “Afghanistan’s final finance minister, now a D.C. Uber driver, ponders what went improper” (WaPo)

We’d like your suggestions! Please e-mail ideas and strategies to dealbook@nytimes.com.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Biden drops out: How Hollywood is reacting to the Kamala Harris campaign

Published

on

Biden drops out: How Hollywood is reacting to the Kamala Harris campaign

President Joe Biden’s decision on Sunday to drop out of the 2024 election and endorse Vice President Kamala Harris as the new Democratic nominee has everyone talking — and Hollywood is no exception.

Spike Lee, Aaron Sorkin, Shonda Rhimes, Mindy Kaling and other powerful industry players wasted no time this weekend weighing in on the political shakeup — which occurred Sunday amid a groundswell of calls for Biden’s withdrawal from Democratic lawmakers and entertainment industry figures.

A number of celebrities were quick to throw their support behind Harris.

“I stood behind her in 2016 when she ran for Senate, I was behind her when she ran as @vp and I continue to stand behind her today,” Rhimes, the prolific TV producer known for “Bridgerton” and “Grey’s Anatomy,” wrote on Instagram.

Advertisement

“ONCE AGAIN A SISTA COMES TO DA RESCUE,” Lee, the Oscar-winning writer-director known for “BlacKkKlansman” and “Do the Right Thing,” wrote on the social media app.

Democratic candidates have looked to entertainment luminaries for reinforcement for decades. Earlier in this election cycle, a star-studded event featuring Julia Roberts and George Clooney raised more than $30 million for the Biden campaign. (Clooney later urged Biden to quit the race in an opinion piece for the New York Times.)

Others showing their support included “Watchmen” and “Lost” producer Damon Lindelof (who had called on Biden to step aside) and “A Black Lady Sketch Show” creator Robin Thede, who floated the idea of “The Daily Show” host Jon Stewart joining Harris as her running mate.

Sorkin too pledged his allegiance to Harris, after recently penning a guest essay for the New York Times advising the Democratic party to replace Biden with former Republican presidential candidate Mitt Romney.

The “West Wing” and “Social Network” writer borrowed “West Wing” actor Joshua Malina’s X account on Sunday to say, “I take it all back. Harris for America!”

Advertisement

The International Alliance of Theatrical Stage Employees — a union representing film and TV crew members — also co-signed Harris’ campaign.

“We honor [Biden’s] decision not to run for reelection and are committed to doing whatever it takes to elect Vice President Kamala Harris this November,” IATSE international president Matthew Loeb said in a statement.

“We are united in our mission to deny Donald Trump, who crossed an IATSE picket line in 2004, another four years of assaulting workers’ rights, undermining unions, and jeopardizing our democracy.”

Various actors and musicians backed Harris on social media as well.

Emmy-winning “Abbott Elementary” star Sheryl Lee Ralph posted a photo of herself with Harris on X and wrote “January 2019 I made it clear what I thought about the future of Kamala Harris. Today, I still stand for [Harris].”

Advertisement

Several musicians also spoke up.

“kamala IS brat,” wrote “Apple” singer Charli Xcx, whose new album “Brat” has been used for many fan edits and memes of Harris in recent weeks.

Other performers — such as Kaling, Cher, Barbra Streisand, Billy Eichner and Mark Ruffalo — simply thanked Biden for his time in office and/or urged Americans to vote in this year’s election.

“Thank you Mr. President,” Kaling, an actor and producer known for “The Office” and “The Mindy Project,” captioned a photo of herself with Biden on Instagram.

Advertisement

Continue Reading

Business

Adidas apologizes to Bella Hadid and partners over 'mistake' with SL72 sneaker campaign

Published

on

Adidas apologizes to Bella Hadid and partners over 'mistake' with SL72 sneaker campaign

Adidas has issued another apology amid criticism regarding its SL72 sneaker campaign, which has been linked to the tragic events of the 1972 Munich Olympics. The German sportswear company expressed regret in a statement that specifically addressed concerns raised by model Bella Hadid and other prominent campaign partners.

This follows Hadid hiring attorneys to take action against Adidas “for their lack of public accountability” for putting out a campaign that “would associate anyone with the death and violence of what took place at the 1972 Munich Games,” US Weekly reported Sunday.

Adidas acknowledged the unintended implications of its marketing approach, which coincided with the anniversary of the Munich Olympics.

“Connections continue to be made to the terrible tragedy that occurred at the Munich Olympics due to our recent SL72 campaign. These connections are not meant and we apologize for any upset or distress caused to communities around the world,” Adidas stated in its apology, which was released to TMZ. “We made an unintentional mistake. We also apologize to our partners, Bella Hadid, A$AP Nast, Jules Koundé, and others, for any negative impact on them and we are revising the campaign.”

The controversy arose when Adidas selected Hadid, alongside rapper A$AP Nast, soccer player Koundé and others, to promote its SL72 project, a nostalgic nod to the brand’s iconic 1970s running shoe. The campaign’s timing, however, struck a sensitive chord due to its timing with the 42nd anniversary of the Munich massacre, where Palestinian militants in the Black September group killed 11 Israeli athletes and coaches in a hostage situation that lasted 20 hours. A West German police officer and five of the terrorists also died.

Advertisement

Adidas was condemned by Jewish organizations and Israel, who criticized the company for linking the campaign with a model known for her strong pro-Palestinian sentiments and Palestinian ancestry on her father’s side. The American Jewish Committee denounced Adidas’ decision, labeling it as either a “massive oversight or intentionally inflammatory.”

In response to the backlash, Adidas emphasized its commitment to diversity and inclusivity in a statement to The Times.

“The adidas Originals SL72 campaign unites a broad range of partners to celebrate our lightweight running shoe, designed more than 50 years ago and worn in sport and culture around the world,” the spokesperson said.

“We are conscious that connections have been made to tragic historical events — though these are completely unintentional — and we apologize for any upset or distress caused. As a result, we are revising the remainder of the campaign. We believe in sport as a unifying force around the world and will continue our efforts to champion diversity and equality in everything we do.”

Advertisement
Continue Reading

Business

Column: Federal regulators step up their campaign against predatory payday lenders and their rip-offs

Published

on

Column: Federal regulators step up their campaign against predatory payday lenders and their rip-offs

In 2017, the federal government was poised to give low-income consumers a respite from the myriad abuses and rip-offs visited on them by the payday lending industry.

The Consumer Financial Protection Bureau, created in 2010 as part of the banking reforms enacted after the 2008 financial meltdown, had completed a five-year project to finalize a rule that would prevent payday and installment lenders from predatory practices such as enticing borrowers into loans they couldn’t afford while extracting a vigorish that would make a Mafia loan shark blush.

Then Donald Trump happened. As president, he installed Mick Mulvaney, his budget director and a former Republican congressman from North Carolina, as the bureau’s acting director. Mulvaney effectively canceled the new rule on Jan. 16, 2018, the day it was to go into effect.

A payday advance that is repaid on payday is a payday loan, and fintech cash advance apps that call themselves ‘earned wage access’ are just high-cost lending in disguise.

— Lauren Saunders, National Consumer Law Center

Advertisement

Two days later, Mulvaney withdrew a lawsuit in Kansas state court that had charged four lenders with saddling borrowers with annual interest rates as high as 950%. And he closed an investigation into a lender that had contributed to his political campaign.

In the words of Sen. Elizabeth Warren (D-Mass.) — who had pushed for the creation of the CFPB — these actions “unwound years of careful CFPB work — all to benefit an industry that has close ties to Mr. Mulvaney and that has contributed more than $60,000 to his political campaigns.”

Mulvaney, absurdly, redirected the agency away from its purpose of consumer protection: “We work for the people,” he told its employees. “And that means everyone: those who use credit cards, and those who provide those cards; those who take loans, and those who make them; those who buy cars, and those who sell them.”

In other words, the CFPB would be protecting not only consumers but those who take advantage of consumers.

Advertisement

It now looks as if the cop is back on the beat. On July 18, the bureau proposed a new rule making clear that payday advances are loans within the definition of the federal Truth in Lending Act, meaning that companies have to fully disclose all the costs and fees to borrowers — before the borrowers sign any loan documents.

“When interest rates and fees on these loans are high, this can lead to a treadmill of debt that keeps getting faster and faster,” CFPB Director Rohit Chopra said in announcing the new rule.

The bureau also has returned to court. On May 17, it sued L.A.-based lending marketplace SoLo Funds in federal court in Los Angeles, asserting that the firm’s “advertising and disclosures … falsely tout no-interest loans when, in fact, consumers are routinely subject to fees that result in an exorbitant total cost of credit.” When the fees are toted up, the agency says, the true annualized interest rate on the loans can be more than 300%.

SoLo hasn’t yet responded to the allegations in court and didn’t reply to my emailed request for comment.

The bureau has been energized in part by a Supreme Court decision that lifted a shadow over its future. This was a lawsuit brought by some of the targeted lenders contending that the bureau was unconstitutional because it was funded by the Federal Reserve System rather than through congressional appropriations.

Advertisement

Several pending CFPB cases had been placed on hold while the Supreme Court pondered the appropriations issue. But the court ruled in the CFPB’s favor on May 16 in a 7-2 decision written by Justice Clarence Thomas.

Among those cases was a federal lawsuit the bureau filed in July 2022 against Texas-based ACE Cash Express, which then operated out of nearly 1,000 storefronts in 22 states, including California. The CFPB charged that when ACE borrowers said they were unable to pay back their existing loans, ACE offered them repayment plans bearing new fees but sometimes didn’t tell them a no-fee option was available in some states.

ACE already was subject to a 2014 consent order in which it agreed to pay a $5-million penalty and $5 million in customer restitution, and pledged to offer customers a refinancing of their loans as well as the free option. “ACE has not done as it pledged,” the CFPB charged in its lawsuit.

ACE responded to the lawsuit by citing the case then headed to the Supreme Court. “The days of the Bureau’s unchecked administrative agency power … are, hopefully, over,” its lawyers wrote. “Because the CFPB itself is unconstitutional,” the case should be dismissed, they argued. The trial court put the case on hold, but with the Supreme Court ruling, the case is back on the docket, with briefs due at the trial court over the next two months.

The Supreme Court ruling was long overdue. In the years since Mulvaney tore up the CFPB’s project against payday and installment lenders, that industry underwent a troubling transformation.

Advertisement

Once operating out of storefronts where customers could cash their paychecks for a fee, it had grown more sophisticated. Customers could now take loans as advances on their paychecks but typically had to provide the lenders with links to their bank accounts so that repayments could be drawn directly from those accounts.

The industry now styled its products as “earned wage access” providers. The firms today have innocuous, homely names such as Dave.com and Brigit; their websites are adorned with stock photos of young people and families evidently basking in the relief of a short-term financial crisis averted. Some claim to charge zero interest on their short-term loans, but that’s misleading.

One should respect the financial tightrope walked by many low-wage households living paycheck to paycheck. The CFPB knows this market; its proposed rule acknowledges that “a significant driver of demand for consumer credit … derives from the mismatch between when a family receives income and when a family must make payments for expenses.” Meanwhile, “employers have a strong incentive to delay the payment of compensation to workers, which drives demand for short-term credit.”

When the true cost of that credit is hidden from the borrowers or they’re forced to refinance, incurring multiple fees, that’s a problem the CFPB was born to address.

“A payday advance that is repaid on payday is a payday loan, and fintech cash advance apps that call themselves ‘earned wage access’ are just high-cost lending in disguise,” Lauren Saunders, associate director of the National Consumer Law Center, says on the center’s website. “The CFPB has seen through fintech payday lenders’ new clothes.”

Advertisement

Some firms have made deals with employers such as Walmart, Amazon, Uber, Lyft and Kroger to provide advances to workers to be repaid from their next paycheck. In 2022, the CFPB says, more than 7 million workers accessed about $22 billion via these employer-lender partnerships. According to a survey cited by the bureau, most users of paycheck advance services fall below the federal poverty line and more than 80% are hourly or gig workers.

The chief constant tying the new system to the old is fees. About 90% of workers paid a fee for the advances in 2022, averaging about $3.18 per transaction. Since most took out repeated advances, the average annual cost was almost $69.

The CFPB found that among the fees most prevalent in the wage-advance sector are those charged for “expedited” access to cash — which after all is the goal of resorting to paycheck advances in the first place.

But new kinds of fees have appeared. One is often described by the finance firms as “tips” — solicited from borrowers in acknowledgment of the service they’re being provided or to defray the cost the firms ostensibly incur by lending out at 0%.

Those are among the issues in the CFPB’s lawsuit against SoLo. The firm functions as a sort of loan broker — needy customers apply for loans, and other customers provide the loans after judging an applicant’s creditworthiness. (“Earn money with your money,” SoLo tells these small-money lenders on its website. “You lend money to other members to help them replace a tire, cover a bill or for any other reason. They pay you back and add a voluntary tip as a sign of appreciation.”)

Advertisement

The maximum loan is $575. Borrowers can set a repayment date that is less than a month away; if repayment isn’t made after 35 days, the bureau says, SoLo charges a late fee.

The CFPB says the tips aren’t really “voluntary” at all; lenders tend to judge loan applications based on the size of the “tip” being offered, as SoLo suggests. SoLo also prompts applicants to select among three default “donation” fees that go directly to the firm.

None of the defaults is for $0, and borrowers can’t click to the next page without making a choice. Customers can opt for a $0 donation, but only by finding the option in another part of SoLo’s mobile app as though by accident.

“Virtually all consumers who receive loans incur a Lender tip fee, a Solo donation fee, or both,” the CFPB alleges.

It’s proper to note that this isn’t SoLo’s first rodeo. Last year, the California Department of Financial Protection and Innovation reached a consent agreement with the firm over some of the same practices targeted by the CFPB; SoLo paid a penalty of $50,000 and committed to reimbursing its California customers for their “donations.”

Advertisement

Also last year the District of Columbia settled its own case against SoLo, in which it alleged that despite advertising no-interest, no-fee loans, the firm compelled “nearly all borrowers to provide monetary ‘tips’ and ‘donations’” that effectively drove up the annualized interest rates to more than 500%, well beyond the district’s 24% usury limit. SoLo paid a $30,000 penalty and pledged that lenders would no longer be able to know that a borrower had offered a tip or how much it would be.

And in 2022, Connecticut authorities imposed a $100,000 penalty on SoLo and required it to reimburse Connecticut customers for all “tips,” “donations,” late fees and other charges. SoLo was barred from the lending business in that state without obtaining any required license.

The battle against predatory lending to small borrowers isn’t over. Project 2025, the right-wing document designed as a manifesto of the Trump presidential campaign, has targeted the CFPB for extermination, calling it “a highly politicized, damaging, and utterly unaccountable federal agency.” The manifesto says “the next conservative President should order the immediate dissolution of the agency.”

(The document was written before the Supreme Court ruled in the CFPB’s favor, so it takes the agency’s unconstitutionality as gospel.)

The specter of rampant Mulvaneyism still lurks on the horizon in a Republican administration: taking government off the backs of the people, so predatory businesses can again saddle up.

Advertisement
Continue Reading

Trending