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July 19th - According to NewsNation: US President Trump reiterated that Iran "cannot and should not have nuclear weapons." After Iran announced a suspension of its commitments under the interim agreement, Trump stated that he "doesnt care at all."Iranian Foreign Minister Araqchi and Iraqi Foreign Minister Fuad Hussein held a telephone conversation to discuss the situation in the Middle East and bilateral cooperation.U.S. Commerce Secretary Rutnick: The United States has reached a very good agreement on the Gordi Howe International Bridge (the U.S.-Canada transnational bridge). The United States will receive 50% of the net revenue up to 2041 and will have a say in setting tolls.According to the New York Times, U.S. officials said that Iranian attacks on U.S. military bases in Jordan damaged several U.S. helicopters and injured dozens of U.S. personnel.July 19th - According to the Wall Street Journal, the U.S. labor market remains robust according to most key indicators. However, nearly two million Americans have been unable to find work for at least six months. Data from the U.S. Department of Labor shows that in June, the number of long-term unemployed (unemployed for 27 consecutive weeks or more) accounted for 27.3% of the total unemployed, up 4 percentage points from a year ago. This proportion is close to its highest level since the end of 2021. Because the overall unemployment rate remains low, the size of the long-term unemployed population is not yet sufficient to cause a substantial shock to the economy. However, analysts say its ripple effects are accumulating. Preston Mooy, senior economist at Employ America, said, "We havent seen large-scale layoffs in the past few years, so the number of short-term unemployed has remained relatively stable. But at the same time, hiring activity has seen a fairly significant decline." Even if some long-term unemployed people find new jobs, the weak hiring environment means more people are constantly joining the long-term unemployed group, keeping this number consistently high.

JPMorgan Denies Responsibility For Its Top Banker's Jeffrey Epstein Ties

Haiden Holmes

Feb 23, 2023 11:58

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JPMorgan Chase & Co (NYSE:JPM) stated on Wednesday that it should not be held culpable for a former executive's relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of aiding its former client's sex trafficking operation.


JPMorgan stated in a court filing in Manhattan that emails between former executive Jes Staley and Epstein did not support the U.S. Virgin Islands' claim that Staley could "detect Epstein's sex trafficking."


In addition, the bank stated that there was no evidence that Staley's personal travel to the islands or alleged inappropriate emails were part of his employment, and that even if Staley had helped "direct" Epstein's sex trafficking, "his conduct would have been far beyond his authority as a JPMC employee."


JPMorgan stated in its motion to dismiss the "misdirected and deficient" lawsuit that there was no plausible explanation for how it could have known about Epstein's malfeasance and profited from it during the years 2000 to 2013.


Attorneys for the United States Virgin Islands did not respond promptly to requests for comment. Staley is not an accused.


In August of 2019, Epstein committed suicide in a Manhattan prison cell while awaiting prosecution on sex trafficking charges.


JPMorgan's dismissal motion was filed one week after a court filing alleged that Staley and Epstein had exchanged approximately 1,200 sexually explicit emails between 2008 and 2012.


In 2008, Epstein pled guilty to a Florida state prostitution charge.


Staley, the former head of private finance at JPMorgan, has admitted to having a friendship with Epstein, but he has disputed knowledge of his alleged crimes.


Staley became CEO of Barclays (LON:BARC) Plc after leaving JPMorgan, but resigned in November 2021 amid a dispute with British financial regulators investigating his connections to Epstein.


In December 2022, the U.S. Virgin Islands filed a lawsuit against JPMorgan for unspecified damages, alleging that the bank should have been aware of Epstein's misconduct on a private island he owned there.


JPMorgan and Deutsche Bank AG (NYSE:DB), where Epstein was a client from 2013 to 2018, are also being sued by Epstein's victims. Both institutions are pursuing dismissals.


Case number 22-10904 is Government of the U.S. Virgin Islands v. JPMorgan Chase Bank NA in the U.S. District Court for the Southern District of New York.

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