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Excerpt from uk.finance.yahoo.com

Is Citigroup discriminating against white people?

That’s the question at the heart of a racial discrimination lawsuit filed in federal court against the megabank by Florida customers who say they were charged out-of-network fees for transactions at Citi ATMs while customers of minority-owned banks were not. The plaintiffs are seeking class-action status.

Citi has “an express policy of charging customers different ATM fees based on race,” the two plaintiffs allege in the lawsuit. “Like most banks, Citi charges customers an out-of-network fee when they use Citi’sATMs to withdraw cash from a financial institution outside of Citi’s ATM network. But unlike otherbanks, Citi imposes this fee only when a customer withdraws money from a financial institution ownedby people of the wrong race.”

Citigroup said in an emailed statement that it is reviewing the complaint.

“Citi has no tolerance for discrimination in any form, and we take allegations to the contrary very seriously,” the company told USA TODAY.

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Excerpt from www.kake.com

Louisiana House passes bill that would classify abortion drugs as controlled dangerous substances  KAKE

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Excerpt from www.kark.com

LITTLE ROCK, Ark. – Arkansas Attorney General Tim Griffin is ordering two out-of-state companies to stop advertising in the state.

Griffin said in a Tuesday release that the two companies were in violation of the Arkansas Deceptive Trade Practices Act related to abortion pill marketing and sales. Griffin’s office sent cease and desist letters to Choices Women’s Medical Center, Inc. of New York and Aid Access of the Netherlands.

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Excerpt from www.msn.com

Ohio judge set to rule on state’s near-total ban on abortions  MSN

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Excerpt from www.washingtonexaminer.com

Election Day is less than six months away, and voters have a familiar choice of Joe Biden and Donald Trump. Unless it’s The Godfather Part II, sequels rarely live up to the hype. Although it may look like a 2020 repeat, the stars are competing in a different game and under different rules. This series, ‘Judgment Day: Why 2024 rematch won’t be any old sequel, investigates the key differences from 2020. Part Three is on the first presidential election post Roe v. Wade reversal.

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Excerpt from omaha.com

A new petition seeking to recognize fertilized eggs, embryos and fetuses as people and grant them the same rights as those who have been born will begin circulating in Nebraska.

Choose Life Now, an anti-abortion organization, filed language with Nebraska Secretary of State Bob Evnen on May 2 seeking to recognize “the personhood of unborn children” in the state constitution.

“A preborn child at every stage of development is a person,” the language of the proposed amendment reads. “Wherever under Nebraska law the term ‘person’ is used or implied, it shall include a child.”

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Excerpt from www.whec.com

ATLANTA (AP) — Incumbent Georgia Justice Andrew Pinson defeats abortion-fueled challenge from John Barrow in nonpartisan court race.

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Excerpt from www.newsweek.com

A Republican candidate for U.S. Senate in Minnesota faced resurfaced allegations on Monday of paying women to have an abortion.

The Minnesota GOP on Saturday announced its endorsement of Royce White, a former NBA player, to run against Democratic Senator Amy Klobuchar. White attended the GOP convention at Saint Paul RiverCentre and was introduced at the event with a video by former Donald Trump adviser Steve Bannon, a supporter of White.

Danny Abbas—@dabbs346, a Senate research director at American Bridge 21st Century, a Democratic PAC, according to his profile on X, formerly Twitter—brought up the accusation against White in a Monday post.

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Excerpt from theindependent.com

Election officials in Nevada are reviewing signatures to see if there are enough to put an abortion rights constitutional amendment before voters in November, part of a national push to pose abortion rights questions to voters since the U.S. Supreme Court removed the nationwide right to abortion.

Since the court’s 2022 ruling, most Republican-controlled states have new abortion restrictions in effect, including 14 that ban it at every stage of pregnancy. Most Democratic-led states have laws or executive orders to protect access.

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Excerpt from www.news-shield.com

(The Center Square) — Wisconsin’s Republican U.S. Senator is urging Republicans in the state to settle the abortion question amongst themselves.

Ron Johnson told the crowd at the Republican Party of Wisconsin convention over the weekend that Republicans will continue to lose elections until they come-up with an answer for abortion.

“I know people don’t like what I’m saying. Many people in this room do not like what I am saying. I’m just laying out the reality of the situation, because in the end we have to win elections,” Johnson said. “For those of us who want to protect life, if we don’t win the end result will be unrestricted abortions, infantaside, up to the moment of birth. That will be the result. So we have to win.”

The Republican crowd largely applauded Johnson’s words.

Johnson added Republicans clearly want to protect life, and end abortion on-demand. He said there continues to be a disagreement, however, about when to start protecting life.

“Republicans in Wisconsin voted for a law to protect [life] after 20 weeks. I voted for a similar Iaw. I support the Dobbs decision, which would have protected it after 15 weeks. In Florida they’re protecting [life] after six weeks. There’s a broad range. In Europe they protect it after 12 weeks,” Johnson said. “Again that’s the reasonable position that most Americans agree with.”

Democrats in Wisconsin made the 2022 governor’s races and the 2023 supreme court race about abortion, and they won big.

Johnson says Democrats are looking to once again make the 2024 election about abortion. He said it should be about Joe Biden’s past four years as president.

“This is a referendum on Democrat governance,” Johnson said Monday morning during an interview on News Talk 1130 WISN in Milwaukee. “Joe Biden is the guy that wanted an open border. He’s the guy that massively spent, deficit spending sparking for your high inflation making gas and groceries [more expensive]. A $1,000 a month is what it costs Americans to just maintain their standard living.”

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Excerpt from www.reuters.com

May 21 (Reuters) – A conservative shareholder withdrew a resolution filed for a vote at Tuesday’s annual meeting of JPMorgan, according to the investor’s representative, who said the move reflects changes the Wall Street bank has made to take more account of diverse viewpoints.

JPMorgan’s (JPM.N), opens new tab meeting was to include Proposal 11, a call for the bank to report on how the bank’s policies impact employees “based on their religion (including religious views) or political views.”

Jerry Bowyer, a fund consultant who represents David Bahnsen, the head of the family trust that filed the resolution, said it was withdrawn in light of several steps the bank has taken that show it pulling back from political tests for customers.

One factor, Bowyer said, was the bank’s decision to drop a requirement that merchants using its WePay service not accept payments tied to risks like allegations of racism or sexual harassment.

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Excerpt from www.msn.com

Apple is granting massive discounts on select iPhones in China, as reported by CNBC. With this, Apple CEO Tim Cook hopes to score in the intense competition with local brands such as Huawei. According to the report, Apple is offering select iPhone models with high discounts on Chinese e-commerce platforms such as JD.com and Alibaba’s Tmall.

Currently, the iPhone 15 Pro Max with 256-gigabyte storage is available for 7949 yuan (around 1250 dollars). The regular price is 9999 yuan, approximately 1572 dollars. Thus, Chinese consumers can save a good 20 percent compared to the regular price.

The high discounts are linked to the declining iPhone sales, as market expert Le Xuan Cheiw explained in the report. Apple suffered sales declines of 25 percent in China in the first three months of this year compared to the previous year. In the process, the market share fell from 20 to 15 percent. Apple CEO Tim Cook intends to curb the sales slump with the discount campaign.

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Excerpt from www.oann.com

Treasury Secretary Janet Yellen has stressed the need for the United States and Europe to respond to China’s industrial strategy to keep competition alive.

Yellen hosted a roundtable with financial executives at the Frankfurt School of Finance and Management on Tuesday. During it, she addressed global macro-economic trends and financial sector risks.

She sounded the alarm about competition from China. Yellen warned that if countries do not respond to China’s industrial policy, businesses in countries around the world could be at risk.

“And industrial overcapacity not only poses a threat to firms in the U.S. and Europe, it could also prevent countries around the world, including emerging markets, from building the industries that could power their growth,” she stated.

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Excerpt from www.nytimes.com

U.S. Seeks to Join Forces With Europe to Combat Excess Chinese Goods  The New York Times

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Excerpt from www.theglobeandmail.com

A group of state financial officers and other public and labour leaders called on Tuesday for major asset managers to vote against top Exxon XOM-N directors, citing the U.S. oil company’s continuing lawsuit against climate activists.

The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called for votes against Exxon CEO and chair Darren Woods and the company’s lead independent director Joseph Hooley, saying in a statement Exxon’s suit would “undermine shareholder rights.”

The group named BlackRock, JPMorgan and Goldman Sachs among the managers whose support it sought. A JPMorgan representative said the firm would not comment on individual votes. A Goldman Sachs representative declined to comment. BlackRock did not immediately comment.

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Excerpt from www.reuters.com

Yellen pushes for joint G7 response to China’s industrial overcapacity  Reuters

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Excerpt from amp.theguardian.com

Pixar Animation Studios, which produced such classic films as Toy Story and Up, began laying off about 14% of its workforce on Tuesday as it scales back development of original streaming series, according to a source familiar with the development.

Approximately 175 people will be affected by job cuts at the Walt Disney Company unit.

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Excerpt from www.insurancebusinessmag.com

 

 

 

 

 

 

If it pushes through, lawsuit to feature policyholders with water damage claims

Insurance News

By
Terry Gangcuangco

State Farm is said to be facing a possible class action over its denied water damage claims, according to a report by CBS 8.

The news station interviewed Attorney Erik Jenkins, who is in the early stages of taking State Farm to court via a class action. If it pushes through, the lawsuit will center on water damage claims that were turned down due to a relatively new policy wording that a public adjuster has suggested is riddled with ambiguity.

David Melzer, president and chief executive of Property Claims Consultant, told CBS 8: “In 2019, [State Farm] came out with an updated policy that’s very ambiguous.”

“Most other insurance policies actually specifically state a leak ongoing for 14 days or more is excluded, but State Farm’s policy has now just become ‘any ongoing leak’, whatever that is,” Melzer told the news station.

Jenkins added: “It’s a very vague phrase that’s in their policy, and they’re using that to just deny claims outright.”

When contacted by CBS 8, State Farm issued this response: “Due to our customer privacy policy, we can’t speak to the specifics of a claim.

“While we empathize with our customers when they experience a loss, it’s important to note that every claim is unique and not all losses are covered by insurance. Our commitment to paying what we owe has not changed.”

Meanwhile State Farm policyholders with unsuccessful water damage claims who are interested in joining the class action can reach out through [email protected].

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Excerpt from www.streetinsider.com

CalPERS to vote against Exxon board members  StreetInsider.com

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Excerpt from aussiedlerbote.de

Saudi Arabia’s Record-Breaking Aircraft Order Skips Boeing

Ibrahim Al-Omar, the head honcho of Saudia Group – the authority behind the state-run Saudia airline and the low-cost airline Flyadeal, declared on Monday that the first aircraft deliveries will happen during the initial days of 2026.

“Today, we witness the biggest aviation deal in Saudi history,” he said at the Future Aviation Forum in Riyadh, alluding to the agreement with Airbus in his speech.

Saudia Group’s present inventory includes 93 Airbus and 51 Boeing planes, according to their official website. This latest agreement contributes to the already-existing Airbus order backlog of 39 aircraft, the European aircraft producer announced in a statement.