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SpaceX delayed its NASA astronaut launch because a red 'nail polish' material was plugging...
SpaceX's Falcon 9 rocket takes off with the Crew Dragon spaceship and its first astronauts at the Kennedy Space Center on May 30, 2020...
US OKs extradition to Japan of men accused of helping Carlos Ghosn escape
The State Department has approved turning over to Japan two Massachusetts men to face charges that they helped smuggle former Nissan Chairman Carlos Ghosn out of the country while he was awaiting trial on financial crimes. Lawyers for Army Special Forces veteran Michael Taylor and his son, Peter Taylor, disclosed the department’s decision in a court filing in federal court in Boston as they sought to delay the transfer, which could happen later Thursday. Lawyers for the Taylors did not immediately respond to requests for comment, nor did the White House and State Department. The State Department’s decision came after a federal magistrate judge in September rejected the two men’s challenge to their potential extradition following their arrests in May at the request of Japanese authorities. Prosecutors say the Taylors facilitated a “brazen” escape in which Ghosn fled Japan on Dec. 29, 2019, hidden in a box and on a private jet before reaching Lebanon, his childhood home, which has no extradition treaty with Japan. Ghosn was awaiting trial on charges that he engaged in financial wrongdoing, including by understating his compensation in Nissan’s financial statements. Ghosn denies wrongdoing. The State Department notified the Taylors’ lawyers of its decision on
Earnings for apartment owners show the pain of urban flight
Decidedly weak quarterly earnings reports from major apartment REITs this week paint a bleak picture for some of the largest urban rental markets.
If China’s economy is so strong, why isn’t its currency stronger?
CHINA, AS ITS leaders like to observe, has fared better than any other big country this year. It has all but halted the covid-19 pandemic, got its economy back on track and, to top it off, reaped a cash windfall from abroad. The last has stemmed from a surge in its trade surplus, thanks in part to its factories running at full tilt, and a rush of money into its bonds, thanks in part to its growth outlook. Victors do, it seems, get the spoils. In economic terms, victors should also have a much stronger currency. But that has not happened. The yuan’s recent appreciation against the dollar has merely kept it in line with the yen and the euro. This raises the question, sure to rankle with officials in Beijing, of whether China is again manipulating its currency. It is much harder to answer than in the past. For two decades until mid-2014 China’s prodigious accumulation of foreign-exchange reserves was the clear by-product of actions to restrain the yuan, as the central bank bought up cash flowing into the country. A sharp drop in reserves in 2015-16 was evidence of its intervention on the other side, propping up
Experts outline what rental property owners need to keep in mind if they're planning...
If you're a rental property owner who's struggling with steady tenants, you might want to consider selling your property. Andrew Harnik/AP PhotoRecord-low interest rates and high home prices could be "a real catalyst for change in ownership" for rental property owners, one expert shared. Experts told Business Insider that while it might be enticing to sell now, rentals may bounce back in suburban areas after the economy recovers from the pandemic. However, if your property is sucking out expenses, including mortgage payments, insurance, and utilities, you should strongly consider selling, even if a tenant is living there. Get a sense of your local housing market — rentals, housing prices, property value, and more — and possibly get a broker price opinion (BPO) before officially selling. Visit Business Insider's homepage for more stories. Owning rental property these days is a "mixed bag," said Charles Tassell, chief operating officer of the National Real Estate Investor Association. Some owners have been able to collect rents as usual, despite the pandemic, shaky economy, and rising unemployment. Others have tried working with tenants who can't pay their rent. Then, in September, the Centers for Disease Control and Prevention (CDC) issued a temporary halt to
