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- Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola. [TheTopNews] Read More.20 mins ago - Cruise lines chase luxury travelers with suites for up to $25,000 a nightCNBC got a tour of the Regent Suite, a top-of-the-line offering on Regent's Seven Seas Splendor that goes for $15,000 a night. [TheTopNews] Read More.55 mins ago
- ‘I wasn’t thinking straight’ says five jobs civil servant
Kashim Chowdhury is accused of fraudulently juggling multiple public sector jobs. [TheTopNews] Read More.1 hour ago - The political ad wars are still being fought over the airwaves even as digital g...Broadcast TV is set to capture nearly half of political advertising spending ahead of the midterm election as local stations benefit from record spending. [TheTopNews] Read More.1 hour ago
- A.I. and Its Dangers Are Embedded In the Midterm Elections
The midterms are the first elections in which artificial intelligence is integrated into every major social media platform. Efforts to blunt its harms are uneven. [TheTopNews] Read More.2 hours ago - NYC comptroller faces questions over Israel Bonds reversal as CEO challenges fin...
New York City has taken another step away from its longstanding financial relationship with Israel, as Comptroller Mark Levine declined to restore a nearly 50-year investment tradition involving Israel Bonds.City Comptroller Mark Levine is facing questions over his decision not to restore purchases of Israel Bonds, reportedly reversing a campaign pledge as the organization’s CEO challenged his financial justification, saying his office only learned of the decision through news reports.The controversy has critics asking if the Mamdani administration's anti-Israel sentiment influenced Levine’s reversal and whether political considerations are affecting a financial decision that could mean New York City is passing up a reliable investment opportunity. BOND YIELDS ARE HOVERING NEAR MULTI-YEAR HIGHS: WHAT IT MEANS FOR YOUR WALLETIsrael Bonds President and CEO Dani Naveh challenged Levine’s financial rationale in an interview with FOX Business, pointing to competitive interest rates, Israel’s record of repayment and continued investments by other American governments, including New York State."We learned of the comptroller’s decision when it was reported," Naveh said. "The city’s former comptroller had already broken with a 50-year tradition of investing in Israel Bonds, a tradition his predecessors kept even during times when Israel’s economy was vulnerable. We had hoped his successor would reverse that decision because, until recently he had pledged many times to restore New York City’s investment in Israel Bonds."City investments began in 1974. Former Comptroller Brad Lander stopped renewing purchases when holdings matured in 2023. Israel Bonds were first issued in 1951.The decision concerns New York City, not New York State. Published reporting identifies a discretionary pool under Levine’s control from which previous purchases were made. Declining new purchases does not reduce existing pension benefits. However, questions remain about whether treasury funds, pension assets or both are affected, and whether pension trustees or union representatives were consulted. FOX Business included those questions in its inquiry to Levine’s office.Levine cited financial considerations and technical obstacles in departing from his campaign pledge."I always said this would be based on financial considerations only, not politics," Levine told The New York Times. He subsequently said purchases remained under evaluation, citing a New York City rule change on the short-term investment desk.The reversal puts Levine’s campaign commitments under renewed scrutiny, particularly over what financial or regulatory circumstances changed between his repeated pledges to restore the investments and his decision not to move forward.Levine’s explanation has raised additional questions about how his office evaluates investment opportunities,… [TheTopNews] Read More.2 hours ago
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