Drudge Report raises eyebrows with reward of Biden’s ‘chill type,’ ‘no drama press convention’ headline

Drudge Report founder Matt Drudge showered President Biden with praise after his first formal press conference Thursday.

The popular conservative news aggregation site raised eyebrows with its distinctive headlines.

“JOE’S NO DRAMA PRESS CONFERENCE” was the top heading.

“CHILL STYLE” was the next headline, followed by “GRAND VISION FOR FDR PRESIDENCY” and “ART OF THE MÖGLICH”.


Ben Shapiro of the Daily Wire responded: “The Drudge Report is now indistinguishable from the Huffington Post.”

CBN’s chief political scientist David Brody blew up the display and insisted that the Drudge report be called “The Amazing Joe Biden Report.”

“@DRUDGE has lost all credibility with the news. @JoeBiden looked lost, confused, and needed script notes for his press conference,” Brody tweeted.


Dan Gainor, vice president of the Media Research Center, had a similar reaction: “I still wonder if Drudge is sold out or just mad at the GOP. In any case, it’s worthless.”


While the Drudge report remains a giant among conservative news sites, Drudge’s coverage of President Trump has deteriorated during the last administration and became downright hostile in the 2020 campaign.

Drudge shot a not-so-subtle shot at Trump after the 2020 election by using the president’s own words against him by taking a page from his own book, “The Art of the Deal,” which President Jimmy Carter wrote after his 1980 defeat overturned Ronald Reagan.

Allied Esports Leisure to Report Fourth Quarter and Full 12 months 2020 Outcomes on Wednesday, March 31

IRVINE, California – () – Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company”), a global esports entertainment company, today announced that it has reported its fourth quarter and full year 2020 results after the market closed on Wednesday, December 31st. The company will also host a conference call that day to discuss the results at 2:00 p.m. (PT) / 5:00 p.m. (ET).

Participants can join the conference call by dialing 1-877-407-0792 (US) or 1-201-689-8263 (International). A live webcast of the conference call will also be available on Allied Esports’ Investor Relations website at https://ir.alliedesportsent.com. In addition, the financial information presented in response to the call will be available on Allied Esports’ investor relations website. For those unable to join the conference call, a telephone recording of the call will be available shortly after the call ends until 11:59 p.m. ET on Wednesday, April 14, 2021 by calling 1-844-512-. 2921 (USA) or 1-412-317-6671 (International) and using the repeat passcode: 13717880.

Via Allied Esports Entertainment

Allied Esports Entertainment, Inc. (NASDAQ: AESE) is a global leader in esports entertainment, bringing innovative infrastructure, transformative live experiences, cross-platform content and interactive content to audiences worldwide through the strategic merger of two strong brands: Allied Esports and World Poker Services Tour (WPT). Please visit AlliedEsportsEnt.com for more information.

ON THE MONEY: Your credit score report could also be unsuitable; right here’s what to do about it | Enterprise

Consumers filed a record number of complaints with the Consumer Financial Protection Bureau in 2020, according to a report released Monday by the U.S. Public Interest Research Group, a nonprofit consumer protection group. Credit reporting issues were cited in 282,000, or 63% of the complaints. The majority noted “incorrect information” in credit reports or “information belongs to someone else,” the report said.

Not only did complaints about credit reporting errors top the list of consumer complaints, but the three major credit bureaus – Experian, TransUnion and Equifax – were the top three companies complained about.

Mistakes can put your score at risk

Accuracy is important as any errors in your credit report can indicate identity theft or fraudulent activity on your accounts. And since credit report data is the raw material for credit scores, mistakes can lower your score.

Part of the volume of complaints may be an unintended consequence of payment arrangements mandated in the 2020 coronavirus relief bill and temporary concessions offered by lenders and credit card companies.

But credit reporting errors were common even before the pandemic, says Ed Mierzwinski, senior director of the Federal Consumer Program advocacy and author of the report. Payment adjustments could have resulted in more people checking their credit reports and finding these errors, he says.

Mierzwinski recommends “every consumer with any credit account” to check their credit reports. People who have common names could be at particular risk of confusion, he says.


You can get a free credit report from any of the three major credit bureaus by using AnnualCreditReport.com. You will be asked to provide personal identification information – your name, social security number, date of birth and address.

You will also be asked security questions to verify your identity. Some of these can be tough. If you can’t answer correctly, give me a call 877-322-8228 to request your credit reports by mail.

You can also download an application form and mail it to: Annual Credit Report Request Service, PO Box 105281, Atlanta, GA 30348-5281.


Your reports from the three offices don’t look exactly the same. Not every believer reports to all three and the offices present information in various formats. However, you can use a similar process to read your credit reports.

First, check your identification data. Mistakes like spelling mistakes made by a previous employer don’t matter, but something like an address you’ve never lived at could indicate identity theft.

Next, check the account information. Every credit account you have (and some that are closed) should be listed and include:

– Name, account number and opening date of the obligee.

– type of account (credit card, loan, etc.).

– Account status and whether you are up to date with payments. Accounts that were in good standing at the beginning of the pandemic-related payment accommodation must continue to be reported in this way until the end of the accommodation.

– Whether you are a joint account holder, primary user or authorized user.

– Credit limit and / or the original amount of a loan.

– There may be negative information, such as: B. Collection accounts or bankruptcy documents. Make sure you recognize it and that it is correct.


The Fair Credit Reporting Act holds both the creditor reporting to the credit reporting agencies and the credit reporting agencies responsible for ensuring that the information in your credit reports is accurate.

If you find a mistake on one credit report, check the other two. Deny the bug with any bureau that reports it. You can dispute by mail, phone, or online – the credit report has information on how to submit your dispute. Credit bureaus need to investigate the result and let you know.

You can also contact the company with the wrong information. It must notify the bureaus of the dispute and, if it finds that the information is incorrect or incomplete, ask the credit bureaus to delete it.

If disputes cannot resolve the issue, Mierzwinski recommends filing a complaint with the CFPB and requesting an investigation. That can put additional pressure on correcting misinformation, he says.

Acting director of the CFPB, Dave Uejio, said one of its goals is “to ensure that consumers who file complaints with us get the response and relief they deserve”.

This Transformed Ferry Has Grow to be A Stylish, Palatial Manhattan-style Loft – Robb Report

Dot is much more than a yacht conversion. The 154-foot ship was once the flagship of Hong Kong’s legendary Star Ferry fleet known as the Golden Star. It has been converted into a Manhattan loft-style floating apartment.

Her owner, a UK-born Hong Kong resident, first stepped aboard the Golden Star as a young man, commuting daily from Wanchai to Hung Hom in the late 1980s. Every day he took the ferries across Victoria Harbor. He has always appreciated their sturdy yet elegant build quality with thick steel hulls and large wooden fenders. When Golden Star went up for sale in 2011, he seized the opportunity.

The owner spent 18 months rebuilding the boat at the Leung Wan Kee shipyard in Zhuhai, which has been contracted to service Star Ferries for decades. He hired a full-time project manager to oversee the construction and implement his vision. The goal was to “dress Dot according to her strengths” and create a weekend vacation for his family.

The owner decided to keep features like the original teak floors and floor-to-ceiling windows but turned the rest of Dot into his family home.

courtesy Independence of the ocean

“Dot is heavy, sturdy, and hilly, and I think a sleek, shiny look wouldn’t suit her,” the owner told Robb Report, asking for anonymity. “Their original, well-worn, thick teak floors and abundant steel speak more for a factory than an elegant residence. We didn’t want to fight their industrial history, we wanted to celebrate. These goals determined a large part of the layout. “

A house designer in France who had completed a conversion for a large Dutch seagoing vessel took over the project. “His experience was very useful,” says the owner. “A typical yacht designer would not be used to this type of industrial vessel, and a traditional home designer would not be familiar with the problems of a floating house.”

Golden Star was built in 1989 to be 36 feet longer than its predecessor. Her two-inch-thick decks were designed to handle the heavy foot of another 200 passengers. This robust construction was used to Dot’s advantage and creates 6,000 square meters of living space and an additional 4,000 square meters of storage space.

The wide beam, high ceilings, and open decks were the pluses of the remodeling. Modernizing and adding convenient features was a little more difficult.

Courtesy Ocean Independence

“I’m obsessed with old brick industrial buildings like the large offices, mills, and factories that were built between 1870 and 1905 in the United States, Britain, and Germany,” he says. “My home in London has beds built from factory workplaces, a weaver’s block and a book press. We have the oldest wallpaper in London, dating back to the 18th century, little more than rusty pencils and torn remains, but age and ruin are of great beauty. “

Dot’s oversized living areas with floor-to-ceiling windows create a cavernous interior. All four cabins have en-suite bathrooms with a large bathtub and separate showers. There is a dedicated movie theater and private office, but much of Star Ferry’s history has been retained.

“I loved the old reversible seats on the ferries. We stored some and the rest found a home near Hong Kong, ”he says. “With its two propellers, it can still travel at the same speed in both directions. We have changed as little as possible. “

Dot was a ferry around Hong Kong that was turned into a super yacht

A big fan of late 19th century factories, the owner wanted to keep the industrial look, with cross members and a rusted finish on the ceilings and stone walls.

Courtesy Ocean Independence

The biggest design change is the two-level mezzanine in the salon with open sliding doors for a cool ocean breeze and a roof that opens up for al fresco dining. “The false ceilings were very low, so we removed them to add height and added a rust finish to the stripped metal beams. I love industrial furniture, rust and elegant decay. “

30 air conditioning systems relieve the summer heat. A 15,000 gallon water storage capacity with a rainwater collection system helps keep the boat self-contained. In drier weather, Dot has a water filter system for converting seawater and separate systems for cleaning and filtering seawater and rainwater, as well as over 1,820 square meters of flexible solar modules.

“We wanted to be completely self-sufficient,” says the owner. “On sunny days, the sun provides 75 percent of our energy needs, including air conditioning all night. The double glazing, roof insulation and shadow wings have resulted in enormous energy savings. The production of water from seawater consumes a lot of energy. So it’s great that we use rainwater 90 percent of the year. “

Dot was a ferry around Hong Kong that was turned into a super yacht

Windows everywhere and high ceilings add to the feeling of light and space in the yacht.

Courtesy Ocean Independence

The renovation was not without its challenges. The technical complexities for solar, batteries and generators proved to be tried and tested, and it was not easy to find water suppliers that were robust enough to handle seawater in winter. The family put their hearts in a berth on Tai Tam Bay in Hong Kong, which is almost impossible for a boat over 100 feet in length. Permits and permits were a headache but were well worth it.

“Dot was designed to create great memories for my three children, and she delivered them in spades,” he says. “See you jumping off the roof into the sea; stared up with them; Charade games when the sun goes down after dinner. At the moment the seaweed is growing rapidly and the nocturnal luminosity illuminates the fish swimming and jumping in front of us. This is the magic of Hong Kong that few can see. “

The owner now wants to transfer this unusual transformation to someone else who will appreciate its historical significance. Dot is on sale at Seanergy Limited, a member of Ocean Independence, for approximately $ 2.71 million. Your berth in Tai Tam is included. Here are more pictures.

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Dot was a ferry around Hong Kong that was turned into a super yacht

Courtesy Ocean Independence

Report reveals pandemic’s ‘devastating’ influence on NYC arts, leisure trade | Enterprise Information

FernandoAH / iStockBy MEREDITH DELISO, ABC News

(NEW YORK) – A new report shows the “devastating” impact of the coronavirus pandemic on the arts and entertainment sectors in New York City as many venues, including Broadway theaters, have been closed for nearly a year.

A year ago, almost 87,000 people were employed in the arts, entertainment and recreation sectors in New York City, excluding freelancers or self-employed, according to the latest employment statistics from the New York State Department of Labor.

By April, after the statewide home stay ordinance went into effect, that number had dropped to 34,100 and “hasn’t changed much” since then, said New York State Comptroller Thomas DiNapoli, whose office released the report.

Employment in the arts, entertainment and leisure sectors fell 66% year over year in December – more than any other industry in the city, the report said.

“The COVID-19 outbreak is having a profound and very negative impact on this industry,” DiNapoli said during a Facebook livestream on Wednesday. “It’s being forced to shut down venues, throw thousands into unemployment and bring businesses to the brink of collapse.”

The numbers paint a “blatant and devastating” portrait of an industry that “more than prospered” until the pandemic, said DiNapoli. From 2009 to 2019, employment grew 42% – faster than the 30% rate of the private sector as a whole, the report said.

Manhattan is the hub of the city’s arts and entertainment industries and is home to much of its venues and workplaces.

“Every job and company in this previously booming sector must return,” said Gale Brewer, president of Manhattan borough, during the livestream on Wednesday. “It was lost. It has to come back. At the moment Times Square is free.”

Brewer worries that people in the industry have left town for good because of a lack of work.

“We can’t lose your talent,” she said.

The report “puts the numbers behind the feeling that the arts and culture have been hit so hard and that despite great efforts, it is currently the least recovered sector,” she added.

The auditor pointed to a new federal aid package that includes $ 15 billion nationwide for closed arts organizations and earmarked over $ 284 billion to revive the CARES Act paycheck protection program as a potential ointment for the industry.

While performing arts venues, including Broadway theaters, remain closed, some New York City venues and cultural institutions have reopened with restrictions and mitigation measures.

Zoos and aquariums welcomed guests back in July, followed by museums in August with requirements for wearing masks and social distancing, capacity restrictions and timed admissions.

This week, Madison Square Garden and the Barclays Center hosted their first fanatic sporting events in nearly a year, with capacity capped at 10%. New York City cinemas will reopen at 25% capacity starting March 5th.

Governor Andrew Cuomo has not yet announced a timetable for performing arts venues, despite saying on Feb. 8 that “the overall effort is heading for a reopening with testing.”

“There are venues that we would like to reopen with tests and capacity restrictions,” Cuomo said at a press conference. “Theater, arenas, why can’t you do that with Broadway? You can.”

The Broadway League, which represents theater owners and producers, had previously announced that Broadway performances would be suspended until May 30 this year.

To promote the arts and culture, the state recently launched a new performing arts program, NY PopsUp, that will host over 300 free events nationwide in 100 days.

Next month, New York City will be accepting applications for Open Culture NYC, a permitting program that allows institutions to put on socially distant performances on the city streets. The city recently launched Curtains Up NYC, a program that can connect live venues with federal grants of up to $ 10 million.

With live venues struggling to hold their own for almost a year, some won’t reopen. Among the recent closings, the People’s Improv Theater, a nearly 20-year-old comedy venue, announced last week that it would close its main Manhattan room.

“It has been over 11 months since we were closed and eventually have to surrender to survive,” owner Ali Farahnakian said in a statement. “So we’re in the process of giving up space … thank God for a better future.”

Copyright © 2021, ABC Audio. All rights reserved.

February jobs report could trigger ‘tsunami of promoting’

CNBC’s Jim Cramer said he was encouraged by the trading activity he saw in technology and growth stocks as the market continued to grapple with fears that inflation would rise on Friday.

He cautioned, however, that investors should be prepared for how the market might react to the February work report due out late next week.

“If we get any strength here, please be prepared for another tsunami of sales as interest rates rise and stocks fall.”Bad money“The host predicted that a major interest rate measure would skyrocket in the bond market.” Without an ugly set of numbers, growth stocks are in trouble. “

Cramer commented after the market closed lower for the second straight week as the bond sale turned into stocks.

The Dow Jones industry average fell nearly 470 points on Friday, falling 1.5% to 30,932.37. The index also ended the week down 1.78%.

The S&P 500 declined 0.48% to 3,811.15, down 2.45% this week.

Despite the daily closing, the tech heavy rose by 0.56% Nasdaq Composite suffered the most this week after falling nearly 5% to 13,192,345. Friday’s surge was due to a rebound in big tech stocks.

“I don’t know if the growth names can withstand the pain, but today’s meeting gave us a glimmer of hope that they can still make some profit amid inflation fears,” said Cramer. “If you don’t like the pain … you might want to take advantage of moments like this on the Nasdaq, take profits and prepare for a Friday swoon and be ready to buy stocks like Costco.”

The US Treasury’s 10-year return, a key metric in consumer credit interest rates, fell nearly 1.4% on Friday, after surpassing 1.6% the previous day for the first time in about a year. The increase was due to the sale of bonds.

If rates fall, major industrials will lose momentum, as seen in the Dow’s fall, but cloud, semiconductor and cybersecurity stocks have been positive, Cramer said.

Bond investors who cut their holdings are betting that the Federal Reserve could change their minds and raise the policy rate from near zero when the economy recovers from the pandemic-triggered recession, he added.

“Inflation is a nightmare for people who own bonds. Who wants a piece of paper that pays 1.5% when inflation could break 2%? They lose every day,” Cramer said. “That’s why these people dumped bonds and their wholesale sales always shatter the stock market.”

Cramer announced his schedule for the coming week. The earnings per share forecasts are based on FactSet estimates:

Monday: Zoom video, lemonade

Zoom video

  • Q4 2021 Results publication: After Market; Conference call: 5 p.m.
  • Projected EPS: 81 cents
  • Estimated Revenue: $ 910 million


  • Publication of results for the fourth quarter: after market entry; Conference call: 8 a.m.
  • Estimated losses per share: 64 cents
  • Estimated Revenue: $ 19.2 million

Tuesday: Destination, Nordstrom


  • Q4 results published: before the market; Conference call: 9 a.m.
  • Projected earnings per share: $ 2.54
  • Estimated Revenue: $ 27.4 billion


  • Publication of results for the fourth quarter: after market entry; Conference call: 4:45 p.m.
  • Projected EPS: 14 cents
  • Estimated Revenue: $ 3.58 billion

Wednesday: Dollar Tree, Wendy’s, American Eagle Outfitters

Money tree

  • Q4 results published: before the market; Conference call: 9 a.m.
  • Projected earnings per share: $ 2.12
  • Estimated Revenue: $ 6.8 billion


  • Q4 results published: before the market; Conference call: 8:30 a.m.
  • Projected EPS: 18 cents
  • Estimated Revenue: $ 477 million

American Eagle Outfitter

  • Fourth quarter results to be published: 4:15 pm; Conference call: 4:30 p.m.
  • Projected EPS: 36 cents
  • Estimated Revenue: $ 1.28 billion


  • Publication of results for the fourth quarter: after market entry; Conference call: 5 p.m.
  • Estimated losses per share: 16 cents
  • Estimated Revenue: $ 332 million

Thursday: Kroger, Costco


  • Q4 results published: before the market; Conference call: 10 a.m.
  • Projected EPS: 69 cents
  • Estimated Revenue: $ 30.86 billion


  • Q2 2021 results to be published: 4:15 p.m.; Conference call: 5 p.m.
  • Projected earnings per share: $ 2.44
  • Estimated Revenue: $ 43.72 billion

Disclosure: Cramer’s charitable foundation owns shares in Costco.

Disclaimer of liability

Questions for Cramer?
Call Cramer at 1-800-743-CNBC

Would you like to dive deep into Cramer’s world? Open it up!
Mad Money Twitter – – Jim Cramer Twitter – – Facebook – – Instagram

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Correction: This article has been updated to accurately reflect that projected revenue for Zoom Video is $ 910 million and projected revenue for Lemonade is $ 19.2 million. An earlier version of this story gave an incorrect projection for both of them.

Tencent Music Leisure Group to Report Fourth Quarter and Full 12 months 2020 Monetary Outcomes on March 22, 2021 Japanese Time | Information

Shenzhen, China, February 22, 2021 / PRNewswire / – Tencent Music Entertainment Group (“Tencent Music”, “TME” or the “Company”) (NYSE: TME), the leading online music entertainment platform in China, announced today that it will publish its unaudited financial results for the fourth quarter and all of 2020 after the US market closed on Monday, March 22, 2021.

Tencent Music’s management will host a conference call on Monday, March 22, 2021 at 8:00 p.m. Eastern Time or on Tuesday, March 23, 2021 at 8:00 a.m. Beijing Time to discuss financial results. Listeners can access the call by dialing the following numbers:

USA Toll Free:

+ 1-888-317-6003


+ 1-412-317-6061

Mainland China Toll Free:


Hong Kong toll free:


Access code:


The replay can be accessed until March 29, 2021 by dialing the following numbers:

USA Toll Free:

+ 1-877-344-7529


+ 1-412-317-0088

Access code:


A live and archived webcast of the conference call will also be available on the company’s Investor Relations website at https://ir.tencentmusic.com/.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China and operates the most popular and innovative music apps in the country: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to empower music in people’s lives by allowing them to create, enjoy, share and interact with music. Tencent Music’s platform includes online music, online karaoke and music-oriented live streaming services that enable music fans to discover, hear, sing, watch, perform and socialize music.

For more information, please visit ir.tencentmusic.com.

Investor Relations contact

Tencent Music entertainment group


+86 (755) 8601-3388 ext. 883606

Show original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-to-report-fourth-quarter-and-full-year-2020-financial-results-on-march-22-2021- Eastern-Time-301232259.html

SOURCE Tencent Music entertainment group

Center East Media and Leisure Market Progress, Traits, and Forecasts Report 2021-2026


This crypto kid had a condo of $ 23,000 a month. Then came the Feds.

(Bloomberg) – Stefan Qin was only 19 years old when he claimed to have the secret of cryptocurrency trading. With youthful confidence, Qin, a self-proclaimed child prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential customers that he developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world and take advantage of price fluctuations. A little over a year after its inception, he bragged that the fund had returned 500%, a claim that generated a ton of new money from investors. It went so cashless that in September 2019 Qin signed a lease for a $ 23,000-month apartment in 50 West, a 64-story luxury apartment building in the financial district with expansive views of Lower Manhattan, plus a pool, sauna, steam room, hot tub and a golf simulator. In reality, federal prosecutors said the operation was a lie, essentially a Ponzi program that stole about $ 90 million from more than 100 investors to buy into Qin’s lavish lifestyle and personal investment in high-risk bets like initial coin offers finance. At one point when customers were being asked for their money, he blamed “poor cash flow management” and “loan sharks in China” for his problems in various ways. Last week, Qin, 24, who expressed his repentance, pleaded guilty in federal court in Manhattan. “I knew what I was doing was wrong and illegal,” he told US District Judge Valerie E. Caproni. who could sentence him to more than 15 years in prison. “I deeply regret my actions and will spend the rest of my life atoning for what I have done. I am deeply sorry for the damage my selfish behavior has caused to my investors who have trusted me, my co-workers and my family. Avid Investors The case mirrors similar cryptocurrency scams to BitConnect’s, promising people double and triple digit returns and costing investors billions. Such Ponzi programs show how investors looking to make money in a hot market can easily be misled by promises of high returns. Canadian stock exchange QuadrigaCX collapsed in 2019 as a result of fraud, causing 76,000 investors to lose at least $ 125 million. As oversight of the cryptocurrency industry intensifies, the sector is littered with inexperienced participants. Some of the 800 or so crypto funds worldwide are managed by people with no knowledge of Wall Street or finance, including some college students and graduates who launched funds a few years ago. Qin’s journey also began in college. He’d been a mathematician planning on becoming a physicist, he told a website, DigFin, in a profile released in December, just a week before regulators approached him. He described himself on his LinkedIn page as “a quantum with a deep interest and understanding of blockchain technology”. In 2016 he was inducted into a program for high potential entrepreneurs at the University of New South Wales in Sydney with a proposal to use blockchain technology to accelerate foreign exchange transactions. From August 2016 to December 2017, he also attended Minerva Schools, a largely online college in San Francisco, confirmed the school. Crypto BugHe got the crypto bug after an internship at a company in China, he told DigFin. His job had been to build a platform between two venues, one in China and one in the US, so that the company could arbitrage cryptocurrencies. Qin, convinced he had struck a deal, moved to New York to start Virgil Capital. His strategy, he told investors, is to take advantage of the tendency of cryptocurrencies to trade on different exchanges at different prices. It would be “market neutral,” which means that the company’s funds would not be exposed to price movements. And unlike other hedge funds, he told DigFin, Virgil would not charge management fees and would only charge fees based on the company’s performance. “We never try to make easy money,” said Qin. By his testimony, Virgil got off to a quick start and achieved a 500% return in 2017, which attracted more investors to get involved. A marketing brochure with a monthly return of 10% – or 2,811% over a three-year period ending in August 2019, according to legal documents. His fortune got an extra jolt after the Wall Street Journal profiled him in a February 2018 story that announced his ability to arbitrate cryptocurrency. Virgil “saw significant growth as new investors poured into the fund,” prosecutors said. The first cracks appeared last summer. Former investor relations director Melissa Fox Murphy said in a court statement that some investors were “increasingly angry” about missing assets and incomplete transfers. (She left the company in December.) The complaints grew. “It’s now MIDDLE OF DECEMBER and my MILLIONS OF DOLLARS ARE NOWHERE TO SEE,” wrote an investor whose name was obscured in court documents. “It’s a shame the way you treat one of your earliest and greatest investors.” At around the same time, nine investors with a fund of $ 3.5 million called for redemptions from the company’s flagship Virgil Sigma Fund LP, according to prosecutors. But there was no money to transfer. Qin had freed the Sigma Fund of its fortune. The fund’s balances were fabricated. Rather than trading on 39 exchanges around the world, Qin allegedly spent money on personal expenses and invested in other undisclosed high-risk assets, including initial coin offerings, prosecutors said. So Qin tried to bring it to a standstill. Instead, he convinced investors to transfer their interests to his VQR Multistrategy Fund, another cryptocurrency fund he launched in February 2020 that used a variety of trading strategies – and that still had assets. ‘Loan Sharks’ also attempted to pull $ 1.7 million out of the VQR fund, but that aroused suspicion from main dealer Antonio Hallak. In a phone call Hallak recorded in December, Qin said he needed the money to repay “loan sharks in China” that he borrowed to start his business. This is evident from court files filed in a lawsuit with the Securities and Exchange Commission. He said the loan sharks “could do anything to collect the debt” and that he had a “liquidity problem” that was preventing him from paying it back. “I just had such bad cash flow management to be honest,” Qin told Hallak. “I don’t have any money right now, dude. It is so sad. “When the dealer resisted the withdrawal, Qin tried to take over the running of the VQR accounts. The SEC was now involved. There were cryptocurrency exchanges to get a grip on VQR’s remaining assets, and a week later it filed a lawsuit. Asset Restoration By the end, Qin had used up virtually all of the $ 90 million in the Sigma Fund. A court-appointed beneficiary overseeing the fund is attempting to reclaim assets for investors, said Nicholas Biase, a spokesman for incumbent Manhattan attorney Audrey Strauss. About $ 24 million in assets in the VQR fund are said to be frozen and should be available for diversification. Upon hearing of the investigation, Qin in South Korea agreed to return to the United States, prosecutors said. He surrendered to authorities on February 4, pleaded guilty to Caproni the same day, and was released pending his conviction on May 20 for a $ 50,000 bond. The maximum sentence is 20 years imprisonment in a plea, and prosecutors agreed that under federal condemnation guidelines and a fine of up to $ 350,000, he should be behind bars for 151 to 188 months. That fate is a far cry from the career his parents planned for him – a physicist, he had told DigFin. “They weren’t very happy when I told them I left college to do this crypto thing. Who knows, maybe one day I’ll graduate. But I really want to trade crypto. “For more articles like this, visit bloomberg.com. Sign up now to stay up to date with the most trusted business news source. © 2021 Bloomberg LP

Langer’s teaching fashion not appreciated by gamers, coach defends himself: Australian media report | Cricket Information

MELBOURNE: Australia Head Coach Justin LongerThe intense coaching style of “micromanagement” apparently did not go down well with many players, although the earlier opening described the allegations as something that “couldn’t be further from the truth”.
The cracks in the Australian camp came open after a weak India returned from behind to hammer Australia 2-1 into its own cave.
According to a report in the ‘Sydney Morning Herald cites several sources close to the Australian construction. Some players appear to be dissatisfied with Langer’s leadership style due to his intensity and mood swings.
According to the report, Langer is no longer able to meet the requirements of a three-format coach.
“Sources in the locker room say Langer’s leadership style weakened during a busy summer with some players who not only had to live in a bubble for months but were also exhausted from its intensity and mood swings,” the SMH reported.
“… some older players are frustrated with the atmosphere in the team, affected by the coach’s shifting emotions and what they see as being overly micromanaged. They say bowlers bombarded themselves with stats and instructions about it where to go. ” Bowl during lunch breaks, including during the fourth and final test against India in the gabba, “the report continued.
However, Langer denied claims that his relationship with the players had grown dramatically.
“Couldn’t be further from the truth,” he added. “Leadership is not a popularity contest.”
“If the players just want someone to tickle their stomach all the time, then I’m not doing my job.
“It’s actually the opposite of what’s happening. I never talk to the bowlers about statistics. I don’t go to any of the bowler meetings. That’s what the bowler trainer is supposed to do,” he said.
“I don’t do any of this. I never speak to any of the bowlers about things like that. And the realizations over the past few months are that I should take a closer look.”
Langer has 18 months left in his contract and the 50-year-old former left-handed opening partner of Matthew Hayden said he had no problems with his workload.
“The job is stressful. It’s a great job,” he said.
The report goes on to say that many current Australian team players have now developed an affinity for the assistant coach Andrew McDonaldwho they feel is more accessible.
“The players believe Langer means well and respect his legacy in the sport, but some have turned to assistant coach Andrew McDonald for support because they increasingly don’t know where they stand with the boss,” it says in it.
“During the Brisbane Test, Langer ordered a player not to keep the habit of putting a toasted sandwich in their pocket to eat on the field.”
“… the headmaster-like nature and difficulty of the coach in dealing with pressure became increasingly incompatible with a team that was mostly made up of experienced players in their late 20s or 30s.”
But Langer defended the decision, saying such a habit was unacceptable for a national cricketer as the team was aiming for a friendly win over a team like India.
“You’re up against India, we’re trying to win a friendly and one of our players goes on with a toasted sandwich,” said Langer.
“I talked to (the player) about it at length yesterday. I said, ‘How do you think it looks, buddy?’ Shouldn’t I say that? ”He said without revealing the player’s name.

Cuomo administration underreported Covid deaths in nursing properties, report says

A view of a patient being rolled out of a nursing home in Flushing Queens New York USA during the coronavirus pandemic on April 22, 2020.

John Nacion | NurPhoto | Getty Images

The New York Department of Health reported Covid-19 deaths in nursing homes by up to 50%, according to a new report released Thursday by New York Attorney General Letitia James.

The 76 page report comes after a month-long investigation by the attorney general’s office to allegations that nursing homes have not followed the security protocols for coronaviruses.

The investigation found that the number of Covid deaths among nursing home residents in some facilities has increased by more than 50% after counting residents who died in the hospital. The official Covid-19 state death toll in nursing homes excludes patients who have died after being transported to hospital.

Democratic Governor Andrew Cuomo has Exposed to criticism for not disclosing the total number of nursing home residents who have died from Covid-19. In her comprehensive report, James, also a Democrat, noted that “many nursing home residents in hospitals died of Covid-19 after being transferred from their nursing homes, which is not reflected in the overall data on nursing home deaths published by DOH . “

Cuomo representatives did not immediately respond to CNBC’s request to comment on the results.

The attorney general’s findings put them directly in conflict with the governor, who often boasted of the state’s response to the coronavirus. Cuomo has also dismissed criticism of a policy by the Ministry of Health that directed nursing homes to accept residents who tested positive for the coronavirus. The governor has repeatedly defended his government’s response to the pandemic, stating that the state was poorly supported by an inept federal government that was caught by surprise by importing the virus.

James’ results are based on a survey of 62 nursing homes, or approximately 10% of nursing homes in the state. She said her law firm is continuing to investigate inconsistencies in the data reported by the Ministry of Health and the numbers reported to the Attorney General.

The investigation also found that a number of nursing homes did not adhere to “Critical Infection Control Guidelines”; B. Failing to isolate residents who test positive for the virus.

“As the pandemic and our investigation continue, it is imperative that we understand why New York nursing home residents have suffered needlessly so alarmingly,” James said in a statement. “While we cannot bring back the people we lost to this crisis, this report aims to provide transparency the public deserves and encourage increased action to protect our most vulnerable residents.”

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