Danny Jansen will appear in the box score as both a member of the Red Sox and Blue Jays. read more
He's a former Pentagon insider, a veteran and investigator. Today, he's quite possibly the most important voice in the modern UFO movement. Luis Elizondo -- risking his career, his family, and possibly his life -- tells the story of what he claims the American government really knows about alien craft. read more
Language models generate text based on statistical probabilities. This led to serious false accusations against a veteran court reporter by Microsoft's Copilot.
Shane Millan, 53, was arrested Thursday on charges that he deprived four women of their constitutional right to be free from unreasonable searches.
Special Counsel Jack Smith has decided against seeking a major hearing to present evidence in the election-interference case against Donald Trump before voters go to the polls Nov. 5, according to people familiar with the matter. read more
@#5 ... For the same reason Judge Merchan ...
At this point, Judge Merchan has earned my respect for how he has acted in this case.
But, I'm not yet convinced that is the reason for the delay.
Judge Merchan seems to work at a deeper level than that.
Of course, I may be wrong. :)
Fun video...
Revivalists - Good Old Days (2023)
www.youtube.com
... and ...
Carly Simon - It Was So Easy (1972)
www.youtube.com
Lyrics excerpt...
...
I remember a time, rompin' through the woods
Sun against our skin instead of clothes
When we felt hungry we would eat, when we felt glad we'd dance
And whenever we felt drowsy we would doze
It was so easy then, never takin' any stands
It was so easy then, holdin' hands
I remember a time when our fears could be named
And courage meant not refusing dares
I remember when we took such cares to step never on the cracks
Not only in the squares
Or else we'd be abducted by the bears
It was so easy then, never makin' any plans
It was so easy then, holdin' hands
...
HUNG DEAL Definition & Legal Meaning
thelawdictionary.org
... When an underwrite buys unsold securities and than sells them at a discount. This is also called a sticky or stuck deal. ...
Then there's this...
Elon Musk's Twitter buy: Add bankers to the list of victimswww.fastcompany.com
.. When Elon Musk decided to buy Twitter, he enlisted the help (and financial assistance) of seven major banks to back his offer, ultimately securing loans of $13 billion. It seemed a good bet for the financial institutions at the time.
Musk, after all, had a history of success with businesses -- and banks tend to sell that sort of debt, clearing their balance sheet and moving onto the next loan.
Those banks, however, haven't been able to sell the debt, in part because of the financial performance of Twitter, which is now known as X, and in part because of higher interest rates.
And while interest payments have been made, the principal of the loans remains.
That's causing problems.
Musk paid $44 billion for the social media site in October 2022. As of March 31, the holding has lost an estimated 71.5% of its value -- and the underperformance of those loans, reports the Wall Street Journal, is the worst the banking industry has seen since the real estate crisis of 2008.
In banking parlance, the loans are "hung," meaning banks can't offload them.
Pitchbook data, cited by the Journal, says they've been hung longer than every other hung loan since 2008.
They could, in some instances, be sold at a loss, but if Musk does ultimately repay them, the banks would not only recoup their initial investment, but interest payments that were set several points higher than what other investment companies are normally charged, due to the excessively high purchase price. (Annual interest payments total about $1.5 billion.) ...
Then there's this ...
Banks Still Stuck with $13 Billion in Risky Loans from Musk's LBO of Twitter 22 Months Ago, Possibly the Longest Hung Deal of this Size Ever
wolfstreet.com
... When Elon Musk bought Twitter in a leveraged buyout for $44 billion in October 2022 -- after he'd walked away from the deal, after which Twitter had sued him to force him to stick to the deal -- he and other investors put in about $30 billion, and the acquiring holding company borrowed another $13 billion in junk-rated variable-rate high-risk loans from seven banks. Those banks had intended to sell those leveraged loans right away because they're too risky to carry on their balance sheet.
But that was 22 months ago, and the banks are still stuck with those loans and haven't been able to sell them without taking massive losses on them.
The seven banks are Morgan Stanley, Bank of America, Barclays, Mitsubishi UFJ Financial Group (MUFG), BNP Paribas, Mizuho, and Socit Gnrale. Obviously, doing business with the richest man in the world and getting a foot into the door with his six companies, and perhaps an IPO or two, such as SpaceX or Starlink, and the fee bonanza that would come with them, were huge incentives to engage in this risky deal.
This loan package has now turned into the biggest hung deal by dollar amounts of all times, Steven Kaplan, a finance professor at the University of Chicago who has tracked such deals since the 1980s, told the WSJ. ...
@#15 ... the Trump campaign purchased the rights through BMI SongView. ...
Yeah, that seems to be in dispute.
Trump campaign insists it had right to use Foo Fighters song, despite band's angry reaction
www.yahoo.com
... Donald Trump's campaign says it had a license to play Foo Fighters hit track "My Hero" at a rally in which the former president received the endorsement of political rival-turned-backer Robert F Kennedy Jr, despite the band saying they did not grant permission.
The Independent has seen documents appearing to confirm that the campaign had indeed licensed the song from BMI's Songview service. "We have a license to play the song," a campaign spokesperson said.
Kennedy, who suspended his campaign as an independent presidential candidate on Friday, joined Trump onstage in Arizona, as pyrotechnics blasted and the Foos song played.
In a statement shared with The Independent, a spokesperson for Foo Fighters said: "Foo Fighters were not asked permission, and if they were, they would not have granted it.
The spokesperson added that "appropriate actions are being taken" against the Trump campaign and any royalties received as a result of this usage will be donated to the Harris/Walz campaign. ...
@#24 ... Are you kidding? ...
OK, you caught me.
Sometimes I post a comment with a smile on my face.
I do prefer happiness over gloom and doom.
Heavy Heavy - Happiness (2024)
www.youtube.com
:)