Newsletter May 10, 2023

Quick Six

Biden, GOP leaders meet, but no closer to debt ceiling deal
President Joe Biden held a high-stakes meeting with Republican leaders Tuesday in hopes of breaking an impasse over the US debt limit, but the two sides appear no closer to an agreement. The White House gathering involved Biden, House Speaker Kevin McCarthy and Senate Republican leader Mitch McConnell, setting in motion a power struggle that threatens massive economic consequences. The two sides are scheduled to meet again Friday.
WHY THE TWO SIDES AREN'T BUDGING DESPITE DEADLINE

Goldman Sachs reaches $215M settlement of gender pay suit
Goldman Sachs agreed to pay $215 million to settle a prolonged class-action lawsuit that accused the New York-based giant of bias against female employees in both pay and promotions. The plaintiffs, former Goldman Sachs' female employees mainly from investment banking and securities divisions, accused the world's second-largest investment bank of systematically underpaying and undervaluing women in comparison to their male colleagues.
JUDGE MUST SIGN OFF ON SETTLEMENT TO AVOID TRIAL

LinkedIn announces 700 layoffs, shutdown of China service
Citing "fierce competition and a challenging macroeconomic climate," social networking firm LinkedIn announced Tuesday that it will close down its last service available in China -- a move that means "a reduction of roles for 716 employees". Microsoft-owned LinkedIn was one of the few US tech companies to operate a social media site in China, where the internet is heavily regulated.
SEE THE NEW SITE THE COMPANY IS LAUNCHING IN CHINA

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Markets

DJIA	33,561.81	-0.17%
S&P 500	4,119.17	-0.46%
Nasdaq Composite	12,179.55	-0.63%
Japan: Nikkei 225	29,187.64	-0.19%
UK: FTSE 100	7,764.09	-0.18%
Crude Oil Futures	73.52	-0.26%
Gold Futures	2,043.60	0.03%
Yen	135.29	0.04%
Euro	1.10	0.08%
* As of market close

Trump ordered to pay $5M for defamation

A US jury found Donald Trump liable Tuesday for sexually abusing and defaming an American former magazine columnist and ordered the ex-president to pay her $5 million in damages. The nine jurors rejected E. Jean Carroll's accusation of rape but upheld her other complaints in the civil trial following less than three hours of deliberations. It's the first time Trump has faced legal consequences over sexual misconduct allegations dating back decades and involving a dozen women.

TRUMP'S COMMENTS THAT THE JURY DEEMED DEFAMATION

Migrants amass at border as Title 42 wanes

Long lines of migrants have amassed this week along the US-Mexico border in the final days of a three-year long COVID-19 policy that blocked people crossing from seeking asylum. The policy, known as Title 42, is set to expire at midnight Thursday, prompting a rush of migrants to the border, now huddled under black plastic or makeshift tents waiting to cross into the US. Some have attempted to cross illegally instead of waiting as US military units have been deployed.

WHAT THE US IS DOING TO STOP FLOOD ACROSS THE BORDER

'Murder, She Wrote?' Author faces charges

A US woman who wrote a book on dealing with grief after the death of her husband has been charged with his murder. Kouri Richins penned "Are You With Me?" in the months after Eric Richins was found dead in their bedroom in Utah in March 2022. Richins told police she had mixed her husband a drink and taken it to him in bed. When she came back later she found he was "cold to the touch," An autopsy revealed he had died from an overdose of fentanyl, with five times the lethal dosage.

HOW AUTHORITIES READ RIGHT THROUGH HER COVER STORY

Extra point

How many murders were featured in the TV series "Murder She Wrote?"

Tuesday's answer: Japanese diplomat Mitsyuo Maeda is credited with exporting the martial art of jiu-jitsu from Japan to Brazil in the 1900s.