The 4,600-acre estate along the White River sits near Meeker in Rio Blanco County, and was owned for nearly 30 years by billionaire Henry Kravis, co-founder of KKR & Co.

The divorce between the Delta-Montrose Electric Association and its wholesale power provide, Tri-State Generation and Transmission Association, is nearly final. All that's left is getting the OK from federal regulators. And a $62.5 million exit fee.

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

The 4,600-acre estate along the White River sits near Meeker in Rio Blanco County, and was owned for nearly 30 years by billionaire Henry Kravis, co-founder of KKR & Co.

The next match involving Tiger Woods and Phil Mickelson involves a $10 million donation for COVID-19 relief efforts, along with plenty of bragging rights in a star-powered foursome May 24 at Medalist Golf Club.

He's helping his country, the DR Congo, fight the pandemic

The NBA team is estimated to be worth $4.4 billion.

Everything she touches...

Her natural lemonade will hit the aisles soon.

A University at Buffalo-led research team is studying the details of how enzymes perform their job. The focus of the project is on understanding the molecular interactions that enable enzymes to accelerate chemical reactions.

Kelly Loeffler is, by far, the wealthiest elected official in Congress, with an estimated net worth of half a billion dollars (the second wealthiest is Montana Rep. Greg Gianforte (famous for his body slamming a journalist for asking him a question and then lying to the police about it)). Loeffler may be used to getting away with tearing up the red tape in her previous life, but in Congress, that often looks pretty corrupt. In just the last few months since she was appointed, there were concerns about her stock sales and stock purchases, which seemed oddly matched to information she was getting during briefings regarding the impact of COVID-19. She has since agreed to convert all her stock holdings to managed funds outside of her control (something every elected official should do, frankly).

Now, the NY Times is noting another form of what we've referred to as "soft corruption" -- moves that might technically be legal, but which sure look sketchy as hell to any regular non-multimillionaire elected official. In this case, Senator Loeffler received what was, in effect, a gift worth $9 million from her former employer, Intercontinental Exchange (the company that runs the NY Stock Exchange, and where her husband is the CEO).

The key issue was that since she was leaving the job to go join the Senate, she had a bunch of unvested stock. For normal people, if you leave a job before your stock vests, too bad. That's the deal. The vesting period is there for a reason. But for powerful, rich people, apparently the rules change. Intercontinental Exchange changed the rules to grant her the compensation that she wasn't supposed to get, because why not?

Ms. Loeffler, who was appointed to the Senate in December and is now in a competitive race to hold her seat, appears to have received stock and other awards worth more than $9 million from the company, Intercontinental Exchange, according to a review of securities filings by The New York Times, Ms. Loeffler’s financial disclosure form and interviews with compensation and accounting experts. That was on top of her 2019 salary and bonus of about $3.5 million.

The additional compensation came in the form of shares, stock options and other instruments that Ms. Loeffler had previously been granted but was poised to forfeit by leaving the company. Intercontinental Exchange altered the terms of the awards, allowing her to keep them. The largest component — which the company had previously valued at about $7.8 million — was a stake in an Intercontinental Exchange subsidiary that Ms. Loeffler had been running.

The entitlement factor oozes out of the statement put out from her office in response to this:

“Kelly left millions in equity compensation behind to serve in public office to protect freedom, conservative values and economic opportunity for all Georgians,” said Stephen Lawson, a spokesman for Ms. Loeffler. “The obsession of the liberal media and career politicians with her success shows their bias against private sector opportunity in favor of big government.”

No, Stephen, that's not the issue. The issue is that normal people who haven't vested yet, don't get to have the board change the vesting rules as you're leaving to go legislate in order to give you a $9 million windfall you didn't earn because it hadn't vested. If it had just been a question of compensation, no one would be complaining. If she had played by the rules that everyone else played by, lived up to her end of the contract and vested the equity, then no big deal. The problem is the last minute changing of the rules to get her a pretty massive payout (perhaps not by her standards, but by anyone else's).

Indeed, the details show that this wasn't just a timing thing, like a standard vesting deal, but that Loeffler was supposed to reach certain milestones to be able to get the equity. She didn't, but she still gets it. That's the part that has people concerned.

In February 2019, Intercontinental Exchange gave Ms. Loeffler a stake in a limited liability company that owned a stake in Bakkt, according to a March 2019 securities filing. The company at the time estimated the award was worth $15.6 million. But Ms. Loeffler would be able to cash in on the award only under certain circumstances, including if Bakkt’s value soared or if it became a publicly traded company.

When Ms. Loeffler stepped down from the company less than 10 months later, she was poised to forfeit much of that Bakkt stake. But Intercontinental Exchange sped up the vesting process so that she got half of it immediately.

The company, of course, puts a nice spin on it, saying "We admire Kelly’s decision to serve her country in the U.S. Senate and did not want to discourage that willingness to serve,” but what else are they going to say anyway?

Still waiting for that supposed swamp draining we keep hearing about.

Cracks the 150,000-employee mark as revenue falls just short of $10bn

Indian services giant HCL Technologies has wound up its 19/20 financial year by reporting 15 percent annual growth but a flat Q4.…

The Berlin police department is looking to build a new facility, but some residents don't think spending $21 million should even be considered. Continue reading →

Questions surrounding Hillary Clinton and the Clinton Foundation continue to grow. On Sunday, Democratic National Committee interim chairperson Donna Brazile defended Clinton’s meetings as secretary of state with Clinton Foundation donors, saying, "When Republicans meet with their donors, with their supporters, their activists, they call it a meeting. When Democrats do that, they call it a conflict." Donna Brazile’s comments come in response to an Associated Press investigation revealing that while Hillary Clinton served as secretary of state, more than half of the private citizens she met with during the reporting period had donated to the Clinton Foundation. The AP investigation comes after a three-year battle to gain access to State Department calendars. The analysis shows that at least 85 of 154 people Hillary Clinton had scheduled phone or in-person meetings with were foundation donors. We speak to Pulitzer Prize-winning journalist Glenn Greenwald of The Intercept. His most recent piece is headlined "Why Did the Saudi Regime and Other Gulf Tyrannies Donate Millions to the Clinton Foundation?" Continue reading →

As climate change accelerates, IBM is galvanizing the global science community with a massive infusion of computing resources, weather data, and cloud services to help researchers examine the effects of climate change, and explore strategies to mitigate its effects. IBM pledges to help direct the equivalent of up to $200 million for up to five climate-related projects judged to offer the greatest potential impact, and will then broadly share the experiments' results.

IBM announced today that the U.S. Army’s Logistics Support Activity awarded IBM a contract to continue providing cloud services, software development and cognitive computing, constituting the technical infrastructure for one of the U.S. federal government’s biggest logistics systems.

IBM today announced it plans to shift $100 million investment over the next five years into a major Research effort which aims to advance mobile services and capabilities for businesses and consumers worldwide.

IBM today announced that as part of its Celebration of Service, designed to allow employees, retirees, clients and business partners to donate their time and expertise during the company's Centennial year, 300,000 IBMers around the world -- close to three quarters of its global workforce -- are volunteering in more than 5,000 projects in 120 countries, meeting civic and societal challenges and serving millions in need.

ANZ, one of Australia and New Zealand’s leading banks, has signed a five-year, AU$450 million strategic agreement with IBM. This partnership will provide ANZ with increased capability to drive productivity and innovation across the Group, as well as improving its capacity to deal with the rapidly growing number of customers and transactions across the bank’s branch, digital and mobile channels and support ANZ’s regional expansion.

 Naturally, people use search terms that match their interests and experience, with phrases like ‘engineering jobs’ or ‘jobs in finance.’ And it’s no surprise that people often add geographical factors to narrow the results, such as ‘in Dallas,’ ‘near me,’ or ‘remote.’ What’s intriguing is that job seekers also use terms that identify their […]

The post Did you know there are millions of searches every month for ‘jobs’ on Google? appeared first on DiversityJobs.com.

We may have to vote by mail or we die. But 22% of mail-in ballots are never counted — that’s well over one out of five. That means, if we go to 80% mail-in voting, we’ll have 25 million lost votes in November. If it were random, it obviously

The post 25 Million Ballots Could be Lost in Shift to Mail-in Voting appeared first on Greg Palast.

I get it:  We all must vote by mail—or we die. 
There is really no other safe choice. But there is much to fear, with a switch to all-mail voting—unless our broken absentee ballot system is fixed. Here’s what the “Go Postal” crowd doesn’t tell you

The post Rush to Vote-by-Mail could cost Dems the Election<div id='sec-title'>Mail-in Voting puts Millions of Minority Ballots at Risk</div> appeared first on Greg Palast.

In a recent highly targeted BEC attack, hackers managed to trick three British private equity firms into wire-transferring a total of $1.3 million to the bank accounts fraudsters have access to — while the victimized executives thought they closed an investment deal with some startups. According to the cybersecurity firm Check Point, who shared its latest investigation with The Hacker News,

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions. As the head of the intelligence […]

By Dan Duddy  Published: May 06th, 2020 

With the aim of accelerating solutions to the challenges of the COVID-19 pandemic, Princeton has awarded University funding for seven new faculty-led research initiatives with strong potential for impact.

Environmental News FOR IMMEDIATE RELEASE

(Seattle) Today, the U.S. Environmental Protection Agency (EPA) is announcing that nine Northwest communities and tribes will receive a total of $4.75 million to assess and clean up contaminated properties under the agency’s Brownfields Program.

(Seattle) Today, the U.S. Environmental Protection Agency (EPA) is announcing that nine Northwest tribes and communities will receive a total of $4.75 million to assess and clean up contaminated properties under the agency’s Brownfields Program.

NEW YORK – Today, the U.S.

SAN FRANCISCO - Today, the U.S. Environmental Protection Agency (EPA) announced nine projects across California will receive a total of nearly $4 million to assess and clean up contaminated properties under the agency’s Brownfields Program.

JACKSON, Miss. (May 7, 2020) – Today, the U.S. Environmental Protection Agency (EPA) announced four grant recipients in Mississippi have been selected to receive awards totaling $1,464,000 to assess and clean up contaminated properties under the agency’s Brownfields program.

BOSTON – Today, the U.S. Environmental Protection Agency (EPA) is announcing that three grantees in the state of Maine have been selected to receive $1.4 million to assess and clean up contaminated properties under the agency's Brownfields Program.

Environmental News  FOR IMMEDIATE RELEASE

Three more Dreamliners used as collateral

The corona crisis has hit the German economy at full force. Already, 470,000 applications have been filed for a German government subsidy that prevents employees from getting laid off, 20 times more than the previous record during the 2009 financial crisis.

The coronavirus crisis has forced another 3.2 million Americans to file for jobless aid, bringing the total number to 33.5 million in the seven weeks since the pandemic forced millions of companies to close and layoff huge amounts of staff.

Elon Musk is cruising toward another major payday.

Former NFL star Brett Favre said Wednesday he would repay the state of Mississippi $1.1 million after a state auditor discovered the Mississippi Department of Human Services paid the ex-quarterback for speaking engagements that never happened.

California is slated to be refunded the $247 million it paid to a Chinese car company under a massive $1 billion deal for face masks, which were not federally certified by the agreed upon deadline.

Ohio State University will pay about $41 million to settle a dozen lawsuits by 162 men alleging sexual abuse by a team doctor, Richard Strauss.

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.