Roberto Suárez Gómez, known as the “King of Cocaine,” was a Bolivian drug lord who industrialized cocaine production in the 1980s, supplying Colombian cartels like Pablo Escobar’s. His wealth and political power inspired Alejandro Sosa in Scarface. At his peak, Suárez offered to pay Bolivia’s $3 billion national debt for immunity. Captured in 1988, he spent his later years in obscurity, dying in 2000.
Roberto Suárez Gómez (January 8, 1932 – July 20, 2000), also known as the King of Cocaine, was a Bolivian drug lord and trafficker who played a major role in the expansion of cocaine trafficking in Bolivia. In his prime, Suárez made $400 million annually, was one of the major suppliers of the Medellín Cartel as well as the leader of the largest Bolivian drug empire, and was considered to be the biggest cocaine producer in the world.
Born to a prominent family, Suárez entered the drug trade and made millions from cocaine in the 1970s and 1980s. He is known for financing the 1980 coup d'état, known as the "Cocaine Coup", and was a major supplier of cocaine for various criminal organizations. Suárez was arrested in 1988 and sentenced to 15 years in prison, but was released after serving half his sentence. He died on July 20, 2000, from a heart attack.
The character Alejandro Sosa in the 1983 American crime film Scarface and the 2006 video game Scarface: The World Is Yours was based on Suárez. On November 21, 2012, Suárez's ex-wife Ayda Levy published an account of his life, entitled The King of Cocaine: My Life With Roberto Suárez And The Birth Of The First Narco-State
Owen Vincent "Owney" Madden (December 18, 1891 – April 24, 1965) was an Irish-American gangster who was a leading underworld figure in New York during Prohibition. Nicknamed "The Killer", he garnered a brutal reputation within street gangs and organized crime. He ran the Cotton Club in Manhattan and was a leading boxing promoter. After increased attention from law enforcement in New York, Madden moved to Hot Springs, Arkansas, in 1935, where he remained until his death from natural causes in 1965.
Owen Vincent Madden was born into an Irish-Catholic working-class family at 25 Somerset Road in Leeds, England, on December 18, 1891, the son of Francis Madden and Mary Madden (O’Neill). Both emigrants from Ireland,[2] his mother being from Sligo and his father from Mayo.
Madden’s mother left for New York to become a maid, leaving Owen and his sister Mary and brother Martin in a British orphanage. On June 4, 1902, Madden, together with his brother Martin sailed from Liverpool as steerage passengers on board the SS Teutonic. He re-joined his mother and sister in New York’s Hell’s Kitchen, yet another immigrant in the city’s long established Irish community His father, an abusive alcoholic, died in 1932.
His early childhood was spent among the city’s immigrant Irish population, where he relied upon an established migrant Irish network to further his career in organised crime.
Madden grew up on the streets of New York, where he learned how to use blackjacks, brass knuckles, baseball bats, pipes, and knives, including the stiletto. By the age of 21 years old, Madden had become the leader of a feared New York street gang known as the Gopher Gang. He earned the nickname, "The Killer" for getting away with two brazen murders. On September 6, 1911, he shot dead a gang member of the rival Hudson Dusters in the heart of Dusters' territory around 30th Street. In February 1912, Madden was on a crowded street trolley, arguing with a store clerk named William Henshaw about a woman.
Madden shot Henshaw, a non-gang member, in the face; as he was dying, Henshaw named Madden as his killer. Despite the police having his name and eyewitnesses to the crime, Madden never went to trial—witnesses in both killings were intimidated, and disappeared.
In 1915, he eventually went to prison for ordering the killing of William "Little Patsy Doyle" Moore, who had been waging a three-year vendetta campaign against Madden and the Gopher Gang.
After serving seven years of a 10-to-20-year sentence for Moore's manslaughter. Madden was released on parole in 1923. The Gopher Gang had broken up, and many members of his own faction were either in Sing Sing or working for bootlegging gangs.
During this time, Madden employed a young friend as a personal driver. The driver, George Raft, later became a film star noted for his authentic portrayals of gangland figures
Madden purchased the Club Deluxe from former heavyweight boxing champion Jack Johnson and reopened it a year later. Nightclub patrons flooded into Harlem from downtown Manhattan to catch performers such as Cab Calloway, Duke Ellington, Louis Armstrong, Lena Horne, Bill "Bojangles" Robinson, and the Nicholas Brothers. Madden and his partners, Big Bill and George Jean "Big Frenchy" DeMange, also muscled their way into a piece of the exclusive Stork Club, where the influential gossip columnist Walter Winchell held court and everyone who was anyone wanted to see and be seen. As a celebrity with ownership in more than twenty night clubs, Madden became well-known and glamorized for his Prohibition-era activities. He also gained recognition for his revenge tactics and payoffs of City Hall
In 1932, Madden was involved in the murder of Vincent "Mad Dog" Coll, who had been extorting money from several mobsters, including DeMange and Madden. After being arrested for a parole violation that same year, Madden began facing greater harassment from police and encroachment on his territory by Italian-American Mafia families, until he finally left New York in 1935.
Leaving behind racketeering, Madden settled in Hot Springs, Arkansas, which had become known as a haven for various criminals, with a corrupt city government and police force. He also became involved in local criminal activities, especially illegal gambling. The Southern Club became a popular nightspot for mobsters; Charles "Lucky" Luciano was apprehended there in 1936. Madden became a naturalized U.S. citizen in 1943 and eventually married the daughter of the city postmaster. He lived in Hot Springs until his death in 1965
Although Escobar started profitably smuggling contraband by the early 1970s, the true beginnings of what would eventually become the mafia-like organization itself officially turned to trafficking cocaine as their main contraband product by 1976, (largely through the assistance of Carlos Lehder and George Jung) which greatly influenced the infamous sociocultural cocaine boom phenomenon of late 70s and early 80s in the United States. This boom was noticeably demonstrated by the impact of the violent street crimes which characterized the Miami drug war due to the cartel's trafficking operations significantly increasing the drug's overall availability and access through these newly enhanced markets as well as the further complexified and proliferated distribution networks.
At the height of its operations, the Medellín Cartel smuggled multiple tons of cocaine each week into countries around the world and brought in an upwards of US$200 million daily in drug profits, and thus billions per year. Additionally, despite being well-known for once dominating the international illicit cocaine trade (along with expanding it) throughout the late 1970s and early 1980s, the organization, particularly in its later years, was also noted for its use of violence for political aims (mainly in protest of judicial extradition to the U.S.) as demonstrated by their societally straining and volatile asymmetric war against the Colombian state itself, primarily in the form of bombings, kidnappings, indiscriminate murder of law enforcement and political assassinations. Many of the victims included non-combatants or random citizens as attempts to negotiate with the government using fear through unambiguous acts of terror.
At its height during the early 1980s, the Medellín Cartel was recognized as being the largest drug-trafficking syndicate in the world, estimated to have been smuggling three times as much cocaine as their main competitor, the Cali Cartel, an international drug-trafficking organization based in the Valle del Cauca department of Colombia; however, some experts and U.S. government officials have claimed the opposite, or said that most data compiled during this period was potentially skewed since most of the national security-based focus was mostly centered on the Medellín organization specifically due to its more ostentatious acts of violence and vindictive nature
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
In her ruling, Delaware Chancery Court Judge Kathaleen McCormick said Musk's compensation plan had been inappropriately set by Tesla's board, which was controlled by Musk, and approved by shareholders who were misled by Tesla's proxy materials before being asked to vote on the matter. Musk filed for an appeal, and the case is now in the hands of the Delaware Supreme Court.
As CNBC previously reported, Richards, Layton & Finger, a corporate defense firm whose clients include Musk and Tesla, helped draft the bill. The firm told CNBC that it wasn't working on behalf of any specific client and that it was "part of a group, including highly respected lawyers, professors, and former jurists."
Other shareholders' attorneys have opposed SB21, or called for significant revisions, in part because of the bill's unusual rollout.
Changes to Delaware corporate law historically have been drafted by a broad coalition of attorneys representing companies, executives and minority shareholders, and who are part of the Delaware State Bar Association's Corporation Law Council (CLC).
SB 21 was introduced to Delaware's legislature on Feb. 17, without any initial review or participation by the CLC.
Townsend said Delaware's elected leaders had fielded complaints from a number of public companies, or attorneys representing them, which he declined to name. Their frustrations had reached a "boiling point" he said, while other states like Texas and Nevada were making a concerted effort to provide an alternative.
"We wanted to address what we can legislatively," Townsend said.
If Delaware's House passes the bill, it would hit the desk of Democratic Gov. Matt Meyer.
Even though Delaware is a heavily Democratic state — Trump lost by almost 15% in the 2024 election — the legislation has support from some prominent party leaders, including the governor, as well as corporate defense attorneys, legal scholars and former Delaware litigants unhappy with prior rulings in the state.
Meyer said in an interview on Tuesday with CNBC's Andrew Ross Sorkin that attorneys and corporate executives have told him that "there is some loss of clarity, predictability and fairness" in Delaware's corporate law that he believes should be remedied.
A group of 21 law firms, including Cravath, Swaine & Moore, Gibson Dunn and Latham Watkins, sent a letter of encouragement to the state's general assembly dated March 11.
The group wrote that the bill "provides statutory definitions and safe harbors that enhance clarity and will facilitate proactive evaluation of director appointments, conflicts cleansing and transactional planning." SB 21 could also help companies incorporated in Delaware to "streamline corporate decision-making and transactional execution," the lawyers wrote.
Block on Thursday said it secured approval from the Federal Deposit Insurance Corporation to originate loans through its banking subsidiary, Square Financial Services, allowing it to offer small-dollar consumer loans directly rather than relying on external banking partners. It's an expansion of Cash App Borrow, the company's short-term lending product.
Block, Affirm and PayPal are each bolstering their portfolios of financial products, including debit, lending and payment offerings, as they try to capture more consumer attention and spending. Klarna will have to compete on price, with attractive rates and incentives, to keep up with the competition.
The firm revealed that operators should be making decisions, not correlating data, and once a threat has been identified, Lattice presents clear decision points. A layered approach ensures targets are defeated quickly.
“Operators are presented with a list of defeat options from RF effects to EW to kinetic options. If a kinetic defeat is desired, Anvil (an autonomous kinetic interceptor for precise defeat of threats) navigates autonomously to intercept drone threats. Once authorized, Anvil uses physical speed and onboard terminal guidance to deliver kinetic energy to knock out the threat with minimal collateral damage,” said the company.
This rare 580 kW peak power from a single motor contributes to the vehicles’ rapid acceleration, with the Han L achieving 0-100 km/h in 2.7 seconds and the Tang L in 3.9 seconds.
BYD’s efforts for EV domination
BYD’s forthcoming 1,000 kW technology could be a significant leap forward, considering that, currently, mainstream superchargers offer charging power ranging from 200 kW to 400 kW.
BYD has been actively launching new electric car models since last year. Recently, the Chinese automaker revealed that it will launch a new electric sports car under its Denza brand in 2025. With this electric sports car, BYD aims to take on Porsche.
Earlier, the company made big waves with the supercar-level performance of its YangWang U9.
Meanwhile, BYD is also entering into other arenas that will give its EV business a holistic boost. As per some media reports, BYD has secured lithium mining rights to two plots of land in Brazil.
A true test for entrant robots
Long distance running events like this will act as true tests for entrant robots as they tend to involve complex pieces of engineering. As with humans, running puts a lot of strain on the knees and ankles of robots, requiring high torque to operate. More torque would mean adjustments to the robot’s mechanical structure to withstand higher impact and vibration.
Running for extended periods also requires motors to work constantly, which can lead to overheating and breakdowns. Operating at a high load for long increases the wear and tear on robot parts and shortens their lifespan.
“Only robots that pass this third stage are ready to be delivered to customers,” said Yang Guodong, co-founder of Casbot and head of its sports intelligence and R&D center. “If this competition had been held a year ago, not many robots would have been able to participate,” he noted.
Preserving Cambodia’s rich heritage
With over a million visitors a year, the significance of the Angkor Wat temple complex and its surrounding ancient marvels continues to resonate through time.
The recent excavations aim to “organize and preserve the numerous art objects, highlighting ongoing efforts to protect and understand Cambodia’s rich cultural heritage.”
This marks the project’s second phase, which began in February 2025 and focused on an era outside the laterite enclosure northeast of the temple’s third gallery.
!summarize #elizabthwarren #stablecoin #Bill #congress #senate
!summarize #scarface #cocaine #cartel #drugs
Roberto Suárez Gómez, known as the “King of Cocaine,” was a Bolivian drug lord who industrialized cocaine production in the 1980s, supplying Colombian cartels like Pablo Escobar’s. His wealth and political power inspired Alejandro Sosa in Scarface. At his peak, Suárez offered to pay Bolivia’s $3 billion national debt for immunity. Captured in 1988, he spent his later years in obscurity, dying in 2000.
!summarize #nygiants #guard #offense #lineman #nfl #freeagency
!summarize #australia #gang #wars #documentary #crime
!summarize #wife #drugs #cocaine ##mirthajung #blow #movie
Roberto Suárez Gómez (January 8, 1932 – July 20, 2000), also known as the King of Cocaine, was a Bolivian drug lord and trafficker who played a major role in the expansion of cocaine trafficking in Bolivia. In his prime, Suárez made $400 million annually, was one of the major suppliers of the Medellín Cartel as well as the leader of the largest Bolivian drug empire, and was considered to be the biggest cocaine producer in the world.
Born to a prominent family, Suárez entered the drug trade and made millions from cocaine in the 1970s and 1980s. He is known for financing the 1980 coup d'état, known as the "Cocaine Coup", and was a major supplier of cocaine for various criminal organizations. Suárez was arrested in 1988 and sentenced to 15 years in prison, but was released after serving half his sentence. He died on July 20, 2000, from a heart attack.
The character Alejandro Sosa in the 1983 American crime film Scarface and the 2006 video game Scarface: The World Is Yours was based on Suárez. On November 21, 2012, Suárez's ex-wife Ayda Levy published an account of his life, entitled The King of Cocaine: My Life With Roberto Suárez And The Birth Of The First Narco-State
!summarize #owneymadden #mafia #organizedcrime #crime
Owen Vincent "Owney" Madden (December 18, 1891 – April 24, 1965) was an Irish-American gangster who was a leading underworld figure in New York during Prohibition. Nicknamed "The Killer", he garnered a brutal reputation within street gangs and organized crime. He ran the Cotton Club in Manhattan and was a leading boxing promoter. After increased attention from law enforcement in New York, Madden moved to Hot Springs, Arkansas, in 1935, where he remained until his death from natural causes in 1965.
Owen Vincent Madden was born into an Irish-Catholic working-class family at 25 Somerset Road in Leeds, England, on December 18, 1891, the son of Francis Madden and Mary Madden (O’Neill). Both emigrants from Ireland,[2] his mother being from Sligo and his father from Mayo.
Madden’s mother left for New York to become a maid, leaving Owen and his sister Mary and brother Martin in a British orphanage. On June 4, 1902, Madden, together with his brother Martin sailed from Liverpool as steerage passengers on board the SS Teutonic. He re-joined his mother and sister in New York’s Hell’s Kitchen, yet another immigrant in the city’s long established Irish community His father, an abusive alcoholic, died in 1932.
His early childhood was spent among the city’s immigrant Irish population, where he relied upon an established migrant Irish network to further his career in organised crime.
Madden grew up on the streets of New York, where he learned how to use blackjacks, brass knuckles, baseball bats, pipes, and knives, including the stiletto. By the age of 21 years old, Madden had become the leader of a feared New York street gang known as the Gopher Gang. He earned the nickname, "The Killer" for getting away with two brazen murders. On September 6, 1911, he shot dead a gang member of the rival Hudson Dusters in the heart of Dusters' territory around 30th Street. In February 1912, Madden was on a crowded street trolley, arguing with a store clerk named William Henshaw about a woman.
Madden shot Henshaw, a non-gang member, in the face; as he was dying, Henshaw named Madden as his killer. Despite the police having his name and eyewitnesses to the crime, Madden never went to trial—witnesses in both killings were intimidated, and disappeared.
In 1915, he eventually went to prison for ordering the killing of William "Little Patsy Doyle" Moore, who had been waging a three-year vendetta campaign against Madden and the Gopher Gang.
After serving seven years of a 10-to-20-year sentence for Moore's manslaughter. Madden was released on parole in 1923. The Gopher Gang had broken up, and many members of his own faction were either in Sing Sing or working for bootlegging gangs.
During this time, Madden employed a young friend as a personal driver. The driver, George Raft, later became a film star noted for his authentic portrayals of gangland figures
Madden purchased the Club Deluxe from former heavyweight boxing champion Jack Johnson and reopened it a year later. Nightclub patrons flooded into Harlem from downtown Manhattan to catch performers such as Cab Calloway, Duke Ellington, Louis Armstrong, Lena Horne, Bill "Bojangles" Robinson, and the Nicholas Brothers. Madden and his partners, Big Bill and George Jean "Big Frenchy" DeMange, also muscled their way into a piece of the exclusive Stork Club, where the influential gossip columnist Walter Winchell held court and everyone who was anyone wanted to see and be seen. As a celebrity with ownership in more than twenty night clubs, Madden became well-known and glamorized for his Prohibition-era activities. He also gained recognition for his revenge tactics and payoffs of City Hall
In 1932, Madden was involved in the murder of Vincent "Mad Dog" Coll, who had been extorting money from several mobsters, including DeMange and Madden. After being arrested for a parole violation that same year, Madden began facing greater harassment from police and encroachment on his territory by Italian-American Mafia families, until he finally left New York in 1935.
Leaving behind racketeering, Madden settled in Hot Springs, Arkansas, which had become known as a haven for various criminals, with a corrupt city government and police force. He also became involved in local criminal activities, especially illegal gambling. The Southern Club became a popular nightspot for mobsters; Charles "Lucky" Luciano was apprehended there in 1936. Madden became a naturalized U.S. citizen in 1943 and eventually married the daughter of the city postmaster. He lived in Hot Springs until his death in 1965
Although Escobar started profitably smuggling contraband by the early 1970s, the true beginnings of what would eventually become the mafia-like organization itself officially turned to trafficking cocaine as their main contraband product by 1976, (largely through the assistance of Carlos Lehder and George Jung) which greatly influenced the infamous sociocultural cocaine boom phenomenon of late 70s and early 80s in the United States. This boom was noticeably demonstrated by the impact of the violent street crimes which characterized the Miami drug war due to the cartel's trafficking operations significantly increasing the drug's overall availability and access through these newly enhanced markets as well as the further complexified and proliferated distribution networks.
At the height of its operations, the Medellín Cartel smuggled multiple tons of cocaine each week into countries around the world and brought in an upwards of US$200 million daily in drug profits, and thus billions per year. Additionally, despite being well-known for once dominating the international illicit cocaine trade (along with expanding it) throughout the late 1970s and early 1980s, the organization, particularly in its later years, was also noted for its use of violence for political aims (mainly in protest of judicial extradition to the U.S.) as demonstrated by their societally straining and volatile asymmetric war against the Colombian state itself, primarily in the form of bombings, kidnappings, indiscriminate murder of law enforcement and political assassinations. Many of the victims included non-combatants or random citizens as attempts to negotiate with the government using fear through unambiguous acts of terror.
!summarize #washington #tacome #seattle #travel #geography
!summarize #theranos #siliconvallye #fraud #scam
At its height during the early 1980s, the Medellín Cartel was recognized as being the largest drug-trafficking syndicate in the world, estimated to have been smuggling three times as much cocaine as their main competitor, the Cali Cartel, an international drug-trafficking organization based in the Valle del Cauca department of Colombia; however, some experts and U.S. government officials have claimed the opposite, or said that most data compiled during this period was potentially skewed since most of the national security-based focus was mostly centered on the Medellín organization specifically due to its more ostentatious acts of violence and vindictive nature
!summarize #trump #theapprentice #amazonprice #ratings
!summarize #trump #ukraine #putin #war
!summarize #nymets #carlosmendoza #kodaisenga #mlb
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
The International Corporate Governance Network (ICGN), consisting of investors with more than $90 trillion in combined assets under management, spoke out against the bill on Tuesday. According to its website, ICGN members include Alliance Bernstein, the Swedish AP funds, BlackRock, CalPERS, CalSTRS, Franklin Templeton, Norges and Vanguard.
ICGN CEO Jen Sisson cautioned in a letter sent to Delaware state senators and representatives that SB 21 "will be detrimental to shareholder rights, with potentially significant negative implications for long-term returns for investors, including people saving for their retirements, current retirees and other individuals investing their savings."
Sisson also said the bill would "reduce judicial oversight" and diminish shareholders' trust that they can "seek remedies through litigation, when necessary."
!summarize #orlando #mlb #tampa #rays #ownership
!summarize #nygiants #nfl #quarterback #russellwilson
!summarize #elonmusk #tesla #x #politics
In her ruling, Delaware Chancery Court Judge Kathaleen McCormick said Musk's compensation plan had been inappropriately set by Tesla's board, which was controlled by Musk, and approved by shareholders who were misled by Tesla's proxy materials before being asked to vote on the matter. Musk filed for an appeal, and the case is now in the hands of the Delaware Supreme Court.
As CNBC previously reported, Richards, Layton & Finger, a corporate defense firm whose clients include Musk and Tesla, helped draft the bill. The firm told CNBC that it wasn't working on behalf of any specific client and that it was "part of a group, including highly respected lawyers, professors, and former jurists."
Other shareholders' attorneys have opposed SB21, or called for significant revisions, in part because of the bill's unusual rollout.
Changes to Delaware corporate law historically have been drafted by a broad coalition of attorneys representing companies, executives and minority shareholders, and who are part of the Delaware State Bar Association's Corporation Law Council (CLC).
SB 21 was introduced to Delaware's legislature on Feb. 17, without any initial review or participation by the CLC.
!summarize #saudiarabia #megaproject #investing #trade
Townsend said Delaware's elected leaders had fielded complaints from a number of public companies, or attorneys representing them, which he declined to name. Their frustrations had reached a "boiling point" he said, while other states like Texas and Nevada were making a concerted effort to provide an alternative.
"We wanted to address what we can legislatively," Townsend said.
If Delaware's House passes the bill, it would hit the desk of Democratic Gov. Matt Meyer.
Even though Delaware is a heavily Democratic state — Trump lost by almost 15% in the 2024 election — the legislation has support from some prominent party leaders, including the governor, as well as corporate defense attorneys, legal scholars and former Delaware litigants unhappy with prior rulings in the state.
!summarize #nymets #juansoto #springtraining #mlb
Meyer said in an interview on Tuesday with CNBC's Andrew Ross Sorkin that attorneys and corporate executives have told him that "there is some loss of clarity, predictability and fairness" in Delaware's corporate law that he believes should be remedied.
A group of 21 law firms, including Cravath, Swaine & Moore, Gibson Dunn and Latham Watkins, sent a letter of encouragement to the state's general assembly dated March 11.
The group wrote that the bill "provides statutory definitions and safe harbors that enhance clarity and will facilitate proactive evaluation of director appointments, conflicts cleansing and transactional planning." SB 21 could also help companies incorporated in Delaware to "streamline corporate decision-making and transactional execution," the lawyers wrote.
!summarize #tesla #newmodel #ev
Block on Thursday said it secured approval from the Federal Deposit Insurance Corporation to originate loans through its banking subsidiary, Square Financial Services, allowing it to offer small-dollar consumer loans directly rather than relying on external banking partners. It's an expansion of Cash App Borrow, the company's short-term lending product.
Block, Affirm and PayPal are each bolstering their portfolios of financial products, including debit, lending and payment offerings, as they try to capture more consumer attention and spending. Klarna will have to compete on price, with attractive rates and incentives, to keep up with the competition.
!summarize #democrats #party #politics #trump
!summarize #democrats #party #politics #trump
!summarize #jobs #layoffs #economy #women
!summarize #kaitlancollins #whoppigoldberg #billmaher #democrats #politics
The firm revealed that operators should be making decisions, not correlating data, and once a threat has been identified, Lattice presents clear decision points. A layered approach ensures targets are defeated quickly.
“Operators are presented with a list of defeat options from RF effects to EW to kinetic options. If a kinetic defeat is desired, Anvil (an autonomous kinetic interceptor for precise defeat of threats) navigates autonomously to intercept drone threats. Once authorized, Anvil uses physical speed and onboard terminal guidance to deliver kinetic energy to knock out the threat with minimal collateral damage,” said the company.
This rare 580 kW peak power from a single motor contributes to the vehicles’ rapid acceleration, with the Han L achieving 0-100 km/h in 2.7 seconds and the Tang L in 3.9 seconds.
BYD’s efforts for EV domination
BYD’s forthcoming 1,000 kW technology could be a significant leap forward, considering that, currently, mainstream superchargers offer charging power ranging from 200 kW to 400 kW.
BYD has been actively launching new electric car models since last year. Recently, the Chinese automaker revealed that it will launch a new electric sports car under its Denza brand in 2025. With this electric sports car, BYD aims to take on Porsche.
Earlier, the company made big waves with the supercar-level performance of its YangWang U9.
Meanwhile, BYD is also entering into other arenas that will give its EV business a holistic boost. As per some media reports, BYD has secured lithium mining rights to two plots of land in Brazil.
!summarize #men #society #bodycams #safety
A true test for entrant robots
Long distance running events like this will act as true tests for entrant robots as they tend to involve complex pieces of engineering. As with humans, running puts a lot of strain on the knees and ankles of robots, requiring high torque to operate. More torque would mean adjustments to the robot’s mechanical structure to withstand higher impact and vibration.
Running for extended periods also requires motors to work constantly, which can lead to overheating and breakdowns. Operating at a high load for long increases the wear and tear on robot parts and shortens their lifespan.
“Only robots that pass this third stage are ready to be delivered to customers,” said Yang Guodong, co-founder of Casbot and head of its sports intelligence and R&D center. “If this competition had been held a year ago, not many robots would have been able to participate,” he noted.
!summarize #dating #relationships #society #culture #women #men
Preserving Cambodia’s rich heritage
With over a million visitors a year, the significance of the Angkor Wat temple complex and its surrounding ancient marvels continues to resonate through time.
The recent excavations aim to “organize and preserve the numerous art objects, highlighting ongoing efforts to protect and understand Cambodia’s rich cultural heritage.”
This marks the project’s second phase, which began in February 2025 and focused on an era outside the laterite enclosure northeast of the temple’s third gallery.