#dollar bill stearn

[nothingunrealistic]

a rundown of all the shots from billions season 7 trailers that we haven’t yet seen (as far as i recall) in any episode, as of 7x11

Billions Season 7 Official Trailer

at 1:44, a shot of wendy and luke together in some outdoor location. my assumptions of wukey concretely Happening this season have largely hinged on this shot. this looks more like they’re dressed for winter weather, which we’re now getting out of as the action moves into late march / early april, so i wonder whether this was cut from an earlier episode rather than being saved for the finale.

Damian Lewis & Paul Giamatti on Reuniting for Season 7

at 0:16, chuck and axe together at prince capital, with axe wearing a metallica t-shirt. (though in this particular shot, damian at least does not appear to be in character as axe.) in 7x11, axe says regarding the axe global office that “It’ll do for now. Still have my eye on a different space for the long haul.” i think that different space may be mpc, axe’s once and future kingdom.

at 0:27, axe in a chair at axe global, again in that metallica t-shirt.

at 0:49, more of chuck and axe at prince cap, in character this time.

at 0:52, chuck and axe at prince cap again, with axe saying to chuck, “Don’t fool yourself. I’m not the same guy I was when we first met.”

Billions Season 7 Mid Season Trailer

at 0:17, taylor sitting at their axe global desk. they’re wearing the same outfit here as in the one shot of them in the 7x12 trailer.

in the elevator at axe global, presumably.

back to the mid season trailer: at 0:18, prince riding in a car. i’d guess this is the same car trip we see in the 7x12 trailer, presumably taking him to camp david.

same shirt, same american flag pin.

back to the mid season trailer: at 0:21, wendy, taylor, and axe walking out of an office at axe global, with axe leading the way and wendy stopping taylor from following him right out. taylor’s in that same outfit as before, and axe is in the metallica t-shirt.

at 0:24, prince angrily putting on his jacket, which bears an american flag pin. i think he’s wearing a different shirt than during the car ride, but the lighting makes it hard to be certain.

at 0:48, dollar bill & victor hugging, while ben kim & tuk hug behind them and philip & wags watch, all at prince cap. sure seems like what might happen if axe returned and reclaimed the place and brought wags and ben and tuk with him. and philip looks happy about all this!

at 0:48-0:49, axe and wendy in prince’s (possibly now axe’s again) office, as wendy steps toward axe. if the writers put this *and* that scene of wendy and luke in the finale things are gonna get real heated among certain segments of the viewership.

bonus: at 0:49-0:50, prince throwing the printer through wendy’s office wall. which we have seen before, but that last shot is a new angle, *and* we can see that 1) he’s in the same shirt as in that earlier shot of him putting on a jacket 2) he’s Not wearing a jacket here 3) both points also apply to two other shots of him from the 7x12 trailer

this shot where he’s in the car again and looking very unhappy.

and this shot where he’s storming out of the elevator, about to ask where wendy is, and carrying his jacket.

[jeanjauthor]

This is beautiful.

Writers, look at their faces, their body language, their tones...and contrast it with the actual words they’re saying.

You can do this in writing, too...but it’s much more difficult than in dramatic presentations (longform, shortform, stage, doesn’t matter).

There are just certain things you can get away with in the movies that is very difficult to pull off flawlessly in prose.

[neverheardnothing]

guide to troubled billions ½

[winstonthequant]

[gingesbecray]

https://gingesbecray.com/billions-s4e03-chickentown-recap/

Billions S4:E03 was a lot of fun, welcome to Chickentown, Dollar!

https://gingesbecray.com/billions-s4e03-chickentown-recap/

[franciscomaldo]

#DamianLewis deja serie @Showtime #Billions después de la temporada 5 √

#DamianLewis deja serie @Showtime #Billions después de la temporada 5 √

Damian Lewis deja la serie de Showtime Billions después de 5 temporadas. Corey Stoll es Michael Prince, Damian Lewis es Bobby “Axe” Axelrod, David Costabile es Mike “Wags” Wagner, Kelly AuCoin es “Dollar” Bill Stearn, Maggie Siff es Wendy Rhoades, Asia Kate Dillon es Taylor, Condola Rashad es Kate Sacker, Paul Giamatti es Chuck Rhoades y Jeffrey DeMunn es Chuck Rhoades Sr. en “Billions”…

[outweek30]

AIDS Activists Storm Stock Exchange, Halting Trading High Price of Burroughs' AZT Under Fire

NEW YORK [September 24, 1989] — For the first time in history, trading at the New York Stock Exchange was interrupted by protesters last Thursday, when seven AIDS activists slipped past security guards and delayed the start of trading by five minutes with a loud and vibrant demonstration.

Shortly after the seven were arrested and taken into custody, at approximately 11:10 am, a crowd — at one point swelling to over 1500 people — began arriving for a raucous, ear-splitting demonstration in front of the Exchange at 30 Broad Street in Manhattan's Financial District.

The protest, organized by ACT UP, targeted the drug company Burroughs Wellcome, maker of Actified, Sudafed, Neosporin and a host of other over-the-counter drugs. Burroughs holds an exclusive patent on the anti-viral drug AZT, which costs individuals an average of $8000 per year, making it the most expensive drug in history. It remains the only federally-approved AIDS treatment proven significantly effective in slowing the progression of AIDS.

Activists demanded the drug be made available free to the millions of people in the U.S. who are now infected with HIV, the virus associated with AIDS.

"There is a myth out there that we're robber barons, ripping people off," David Barry, vice president, research development and medical affairs for Burroughs Wellcome told the Wall Street Journal. "It would be theoretically possible for us to give away all our drug," he continued. "Everyone would get it for a while, and then we'd go bankrupt."

Fake Name Tags

At approximately 9:25 a.m. seven men, all dressed in suits, entered the Stock Exchange using fake Bears Stearns name tags. According to former bond trader Peter Staley, who is the chair of ACT UP's fundraising committee, he and four others then quickly went up to the VIP balcony which overlooks the trading floor, immediately chaining themselves to a bannister and handcuffing themselves to each other. Staley says he looked at the clock at that moment and noticed that it was 9:29:45.

The Exchange opens precisely at 9:30 am, when there is usually a surge of trading. Staley said the five unfurled a banner which read "Sell Wellcome" and hung it from the balcony. They then used loud emergency marine fog horns, attempting to make hearing anything else impossible. Although the trading boards and ticker machines did not stop, it was impossible to verbally communicate and, therefore, most transactions were halted, according to several traders who were on the floor. The Stock Exchange, however, reported that trading was not interrupted.

Times: No Story

Two of the seven protestors had positioned themselves below the balcony and immediately began taking photographs (using cameras which they had smuggled in) when the banner was unfurled. They then quickly walked outside and gave the film to other activists who brought it to the Associated Press, which sent the photo and the story across the country. Reports of the demonstration appeared in all of New York's dailies, except The New York Times, which has come under attack recently for what activists have called its spotty, inaccurate AIDS coverage. The story ran on the front page of the Wall Street Journal; it was also covered by national television networks and most local network affiliates.

Staley said that the chained, hand-cuffed group on the balcony began throwing fake dollar bills out onto the floor, imitating a demonstration by Abbie Hoffman nearly 20 years ago (Hoffman had used real money). The bills were reportedly printed with the slogan, "Fuck your profiteering, we're dying while you play business."

While security guards tried to remove the protestors, traders and brokers surged toward the balcony in large numbers, booing and jeering, according to Staley. "They were angry. They were screaming things like 'Mace the faggots!' and they were throwing wads of paper at us," he told OutWeek.

"You've Seen Faggots Before"

Eva Andersen, a Swedish tourist who was on a tour of the Exchange, said there was a panic on the trading floor at that moment. "It was a bit frightening," she said. "They [the traders] were rushing at them [the protestors]." There was lots of anger and booing." Andersen said the visitors were immediately hurried out by guards. Robert Hilferty, one of the activists who had taken photographs and then walked back into the Exchange, described the traders as “an angry, mobilized mob."

"They were waving their fists, while one trader was yelling to the others: ‘you've seen faggots before, get back to trading!'"

The guards eventually removed the protesters from the Exchange. But at that point, a "witch hunt" ensued, according to Hilferty. "Some traders were looking on the floor for outsiders." Hilferty said a trader looked at him and yelled, "Who the fuck are you!" and ran for him. Within seconds, Hilferty claims, he was being chased by dozens of "blood-thirsty and violent" traders.

Hilferty, a filmmaker, and performance artist Richard Elovich, the other demonstrator who had remained on the Stock Exchange floor, were eventually arrested.

Ear Plugs and Cotton

The other five arrested were: Lee Arsenault, a clothing importer and a self-identified person with AIDS; Gregg Bordowitz, a video producer with the Gay Men's Health Crisis, who has AIDS Related Complex; Scott Robbe, a film producer; James McGrath, a bar owner; and Staley. They were each charged with a Class B misdemeanor for criminal trespass, a Class A misdemeanor for criminal possession of a forged instrument and Class A misdemeanor for criminal impersonation. The seven were held by police for several hours before being released.

About an hour after the men were taken away, a planned demonstration organized by ACT UP took place outside the Stock Exchange. The group, which grew from several hundred to over 1500, set off hundreds of fog horns which echoed through the narrow streets of lower Manhattan, drawing people as high up as the 30th floors of buildings to their windows. Protestors came prepared with ear plugs and cotton, which they also provided to members of the press.

Inside the Exchange, dozens of workers were pressed against the glass doors watching the activities. Some workers later said they didn't leave for lunch for fear that the crowd, which had taken up the entire street, might attack them.

The demonstration was planned to coincide with similar demonstrations in London, where Burroughs' parent company is based, and where the company's stock is traded, and in San Francisco, where the company's major U.S. warehouse is located.

— Michelangelo Signorile, OutWeek Magazine No. 14, September 24, 1989, p. 10.

[billschantzsblog]

Bill Schantz

Bill Schantz - CEO of Mid Atlantic Financial in New Jersey.As the Founder & CEO of Mid Atlantic Financial, LLC, Bill Schantz manages multiple companies. His first company, Senior Settlements, LLC, was formed three decades ago and was the first company to introduce life settlements to the capital markets. His first transaction was with Bear Stearns for $150 million. He has worked with large investment banks, including Bear Stearns, Goldman Sachs, and Deutsche Bank. Mr. Schantz has also worked with leading accounting firms, such as Lewis $ Ellis and Deloitte, alongside top law firms that include Mayer Brown, Locke Lord and Clifford Chance. Since 1988, Bill Schantz has pioneered innovative programs and has remained an industry leader in life settlements. He has been part of several multimillion-dollar transactions and has led his team at Mid Atlantic through many phases of product development, restructuring, and growth. He has also structured life settlement investment funds that have made investing in life settlements available to investors outside of Wall Street. Mr. Schantz graduated from Villanova University. He has 5 children and 9 grandchildren. He recently celebrated his 40th wedding anniversary.

An accomplished financial executive, Bill Schantz draws upon more than four decades of experience. He has over two decades serving as Founder and CEO of Mid Atlantic Financial LLC in Maple Shade, New Jersey. Mid Atlantic Financial acts as an umbrella company for three other financial firms: Senior Settlements, Harper Financial, and Bedrock Capital Group. Under the direction of Bill Schantz, Mid Atlantic Financial has partnered with major law firms, accounting firms, and investment banks around the world.

Bill Schantz earned a political science degree from Villanova University before beginning his career in financial services. He served 18 years as district manager for the Independent Order of Foresters where he supervised a team of 60 financial sales representatives while consistently ranking as one of the top 10 salespeople in the company. In 1999 Mr. Schantz engaged Bear Stearns in a $150 million transaction that introduced the life settlement asset class to the capital markets and revolutionized the investment field.

An active member of his industry, Mr. Schantz belongs to the Life Insurance Settlement Association and regularly attends professional events related to structured finance. He is a big believer in giving back and he and his wife are involved with many charities such as Wills Eye Hospital, Noelle's light, Ronald McDonald, Missionaries of the Poor, March of Dimes, etc. Bill and Phyllis Schantz have recently made a gift to their church of $300,000.

[popculturebrain]

‘Billions’: Kelly AuCoin Upped To Series Regular For Season 4 Of Showtime Series

We’ll be seeing more of ‘Dollar’ Bill Stearn in the upcoming fourth season of Billions. Kelly AuCoin, who has recurred as the character for the past three seasons of the Showtime series, has been promoted to series regular for the upcoming fourth season.

[orbemnews]

A little-known hedge fund caused widespread chaos on Wall Street ViacomCBS (VIACA), Discovery (DISCA) and other media titans’ stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom’s value last week alone. Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings. The most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans’ retirement accounts. “It’s a wake-up call. With leverage, comes risk,” said Art Hogan, chief market strategist at National Securities Corporation. “This is the second time we’ve learned a lesson this year about leverage.” In January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer’s stock price would fall. When GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals. “We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,” Hogan said. Opaque financial instruments Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve. The full scale of these bets wasn’t clear until now. Perhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage. Archegos could not be reached for comment on Monday. Typically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time. “Anytime a derivative is involved, you don’t really know how deep the tentacles go,” said Joe Saluzzi, co-head of trading at Themis Trading. The share sale that broke the camel’s back This complex strategy backfired last week. Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout. Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can’t pay up — and in this case Archegos apparently couldn’t — the broker can step in and dump the shares on the client’s behalf. Goldman Sachs, one of Archegos’ lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece. Credit Suisse said that the default by a “significant US-based hedge fund” would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse. Nomura said its losses could be as much as $2 billion from “transactions with a US client.” Founder of hedge fund involved in insider trading scandal The episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage. “Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,” Better Markets CEO Dennis Kelleher said in a statement. Hogan said investors must remember the inherent risks involved in the business lines of banks. “They watch the creditworthiness of clients, but it’s now always perfect,” he said. The creditworthiness of Archegos is a central question here. Bill Hwang, the firm’s founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded. In 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million. In the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm’s lenders. Repeat of Long-Term Capital Management? The blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund’s collapse in 1998 threatened the financial system, forcing the federal government to intervene. “This is likely not Long-Term Capital,” Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. “I don’t think this is the tip of the iceberg.” Saluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007. “We don’t know how far the tentacles go,” Saluzzi said. “Early in the Bear Stearns crisis, the market was fine — until it wasn’t.” Source link Orbem News #ArchegosCapital:Alittle-knownhedgefundcausedwidespreadchaosonWallStreet-CNN #Caused #Chaos #fund #Hedge #investing #Littleknown #Street #Wall #widespread

[dipulb3]

A little-known hedge fund caused widespread chaos on Wall Street

New Post has been published on https://appradab.com/a-little-known-hedge-fund-caused-widespread-chaos-on-wall-street/

A little-known hedge fund caused widespread chaos on Wall Street

ViacomCBS (VIACA), Discovery (DISCA) and other media titans’ stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom’s value last week alone.

Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.

The most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans’ retirement accounts.

“It’s a wake-up call. With leverage, comes risk,” said Art Hogan, chief market strategist at National Securities Corporation. “This is the second time we’ve learned a lesson this year about leverage.”

In January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer’s stock price would fall.

When GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.

“We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,” Hogan said.

Opaque financial instruments

Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.

The full scale of these bets wasn’t clear until now.

Perhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.

Archegos could not be reached for comment on Monday.

Typically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.

“Anytime a derivative is involved, you don’t really know how deep the tentacles go,” said Joe Saluzzi, co-head of trading at Themis Trading.

The share sale that broke the camel’s back

This complex strategy backfired last week.

Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.

Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can’t pay up — and in this case Archegos apparently couldn’t — the broker can step in and dump the shares on the client’s behalf.

Goldman Sachs, one of Archegos’ lenders, seized collateral and sold shares on Friday, a person familiar with the matter told Appradab Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.

Credit Suisse said that the default by a “significant US-based hedge fund” would cause a major hit to its earnings. A person familiar with the matter told Appradab Business that Archegos was the firm causing the losses for Credit Suisse.

Nomura said its losses could be as much as $2 billion from “transactions with a US client.”

Founder of hedge fund involved in insider trading scandal

The episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.

“Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,” Better Markets CEO Dennis Kelleher said in a statement.

Hogan said investors must remember the inherent risks involved in the business lines of banks.

“They watch the creditworthiness of clients, but it’s now always perfect,” he said.

The creditworthiness of Archegos is a central question here. Bill Hwang, the firm’s founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.

In 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.

In the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told Appradab Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm’s lenders.

Repeat of Long-Term Capital Management?

The blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund’s collapse in 1998 threatened the financial system, forcing the federal government to intervene.

“This is likely not Long-Term Capital,” Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. “I don’t think this is the tip of the iceberg.”

Saluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.

“We don’t know how far the tentacles go,” Saluzzi said. “Early in the Bear Stearns crisis, the market was fine — until it wasn’t.”

[nothingunrealistic]

asia kate dillon as taylor mason, kelly aucoin as dollar bill stearn, eva victor as rian, daniel k. isaac as ben kim, louis cancelmi as victor mateo, and dhruv maheshwari as tuk lal in billions 7x07 “dmv”. higher quality images from spoilertv

[abcnewspr]

‘Nightline’ Produced Documentary ‘The Dropout’ Examines the Rise and Fall of Elizabeth Holmes, Founder and CEO of Theranos, Her Company Once Valued at Nearly 10 Billion Dollars

Presented By Rebecca Jarvis, Documentary Features New Interviews and Never-Before-Aired Deposition Tapes

‘Nightline’ Airs Special Preview and ABC Radio Launches Six-Episode Podcast of the Same Title on Wednesday, January 23

After a three-year investigation by ABC News Chief Business, Technology and Economics Correspondent Rebecca Jarvis, “Nightline” has produced the feature documentary “The Dropout” to tell the story of Elizabeth Holmes, the college dropout turned founder and CEO of technology company Theranos. Once the youngest self-made female billionaire, Elizabeth’s company and its nearly 10 billion dollar valuation came crashing down amid accusations of massive fraud. In “The Dropout” Jarvis guides viewers through the twists and turns of Elizabeth’s rise and fall with new interviews and never-before-aired deposition tapes, and hears from central figures from all chapters of the story. On Wednesday, January 23, “Nightline” will air a special preview of the documentary and ABC Radio will launch a six-part podcast with the same title, also hosted by Jarvis. New podcast episodes will be made available each Wednesday.

“The Dropout” features the first sit-down interview with Jeff Coopersmith, the attorney representing Ramesh “Sunny” Balwani, former Theranos President and COO, and exclusive access to never-before-aired deposition tapes of key players including Elizabeth; Balwani; Christian Holmes, Elizabeth’s brother; Tyler Shultz, Theranos whistleblower; Theranos board members Bill Frist, Gary Roughead, Robert Kovacevich and more. Also featured are Jarvis’ exclusive broadcast interviews with Sheri Ackert and Pallav Sharda, patients speaking out about what they say are inaccurate test results they received through Theranos, plus Elizabeth’s high school physics teacher, former Apple executive and Theranos board member Avie Tevanian and dozens of former employees, investors and journalists.

“This is a story that I’ve been deeply researching and investigating for years,” says Jarvis. “I’ve been covering business for more than a decade, from the Housing Collapse to the Fall of Bear Stearns, to the Bernie Madoff Scandal. But none of these comes even close to the mystery and intrigue of Elizabeth Holmes. I’m excited to share the information we’ve gathered both in the documentary and the six-part podcast.”

Theranos was created by Elizabeth, a Stanford University dropout, and was characterized as a revolutionary technology company capable of performing hundreds of blood tests and detecting diseases by utilizing a drop or two of blood. But following a 2015 investigative piece published in the Wall Street Journal questioning the company’s validity, Theranos began to disintegrate. Elizabeth and Balwani were charged with “massive fraud” by the U.S. Securities and Exchange Commission (SEC). The U.S. Department of Justice alleges they perpetrated multi-million dollar schemes to defraud investors, doctors, and patients – they have both pleaded not guilty but face up to 20 years in prison if convicted. Just last year Elizabeth reached a settlement with the SEC, which included a $500,000 fine. She was stripped of her control of the company and is now barred from serving as an officer or director of a public company for 10 years. Theranos and Elizabeth neither admitted nor denied the allegations in the SEC’s complaint.

“The Dropout” is a documentary film by Victoria Thompson, Taylor Dunn and Ashley Louszko, and a podcast written and reported by Dunn, Jarvis and Senior Producer Thompson. Steven Baker is executive producer and Jenna Millman is supervising producer.

“The Dropout” podcast is available on Apple Podcasts, Google Podcasts, TuneIn, Spotify, Stitcher and the ABC News app.

For more information, follow ABC News PR on Facebook, Twitter and Instagram.

-- ABC --

[neverheardnothing]

BILLIONS | 5.02 The Chris Rock Test "You got yourself a secret golden tunnel. I want on the trip."

[gingesbecray]

https://gingesbecray.com/billions-s3e05-flaw-in-the-death-star-recap/

My recap of Billions S3:E05 Flaw In The Death Star which was very Taylor Mason / Maggie Siff / Kelly Aucoin heavy, so you know I was happy

https://gingesbecray.com/billions-s3e05-flaw-in-the-death-star-recap/

[ihtspirit]

No child left inside: Small grants for getting kids outdoors in high demand

No child left inside: Small grants for getting kids outdoors in high demand Originally published Jan. 9, 2020 by MPR News. By Dan Kraker The Minnesota Department of Natural Resources put out a call for its first round of No Child Left Inside grants in October. The requests were modest — schools, nonprofits and community organizations could ask for up to $5,000 to support programs that get kids outdoors — but the response was overwhelming. https://ihtusa.com https://ihtusa.com/no-child-left-inside-small-grants-for-getting-kids-outdoors-in-high-demand/ Originally published Jan. 9, 2020 by MPR News. By Dan Kraker The Minnesota Department of Natural Resources put out a call for its first round of No Child Left Inside grants in October. The requests were modest — schools, nonprofits and community organizations could ask for up to $5,000 to support programs that get kids outdoors — but the response was overwhelming. "Within six minutes,” the DNR’s Jeff Ledermann said, “we had 200 applications." Ledermann oversees the new program as a supervisor in the DNR’s fish and wildlife outreach office. He said the agency received a flood of applications in just a few days, leaving his team with the unenviable task of deciding which 60 of the 450 pitches for everything from showshoes to an orienteering course would get funding. Many of the grant requests were for purchasing equipment, like cross-country skis. "But the majority of the projects were really just trying to do classes outside, right at their school, right on their campus,” Ledermann said, “which was really encouraging." Lawmakers allocated $1.2 million to the program last year, for outdoor recreation and education projects, and to fund school-based outdoor sports like trapshooting and fishing teams. The effort garnered bipartisan support because it has broad appeal: Research shows that spending time outdoors improves kids’ physical and mental health; helps foster a sense of environmental stewardship; and it’s good for the state’s bottom line, at a time when Minnesota has seen a decline in hunting and fishing license sales. Now, there's a second round of No Child Left Inside grants, ready to be handed out for larger projects, up to $50,000. The list of 60 projects funded by the first round of grants was just released this week. Among the recipients:

The Albany Area Fishing Team in Stearns County to help launch a program in February

Pillager Public Schools in Cass County to develop a cross country ski trail for use by gym classes

Bryn Mawr Elementary in Minneapolis to improve the school’s forest

St. Charles High School in Winona County to allow more students to participate on the trapshooting team

Bertha-Hewitt Elementary School in Todd County for benches for an outdoor classroom

Minneapolis South High School for a hunting and fishing program through its All Nations American Indian program

Ledermann said some grants just covered the basics schools or organizations needed to get students outside. "We had several applications that actually just were looking for rain gear and boots and hats and mittens and basic things because their kids didn't have them," he said. Other applications aimed to take kids farther afield. For the past 20 years, Bob Ameli, a science teacher at Andover High School just north of Minneapolis, has led students on winter camping expeditions into the Boundary Waters. He said he's already spent most of his $5,000 grant on ice augers, sleeping bags and other equipment necessary for surviving outside in February. "It's a life-changing experience for these kids because they've never done anything that exceptional,” he said. “And it is exceptional. I mean, we've had minus 37-degree temperatures up there with kids. And they're up there for five days, sleeping in snow shelters or tents." The goal, he said, is to help students become environmental stewards and to encourage them to embrace a lifelong healthy lifestyle. "Personally, I have a passion for getting kids away from phones, technology, and getting them back in the outdoors, to experience nature,” said Nathan Hill, part of the group helping to start the Albany Area Fishing Team. “There's a lot of benefits to fishing and hunting that go beyond catching and shooting." There's also an economic reason to get more kids involved outdoors. The number of Minnesotans buying hunting and fishing licenses has declined in recent years. That revenue is used to fund many conservation programs in the state. "And if we can encourage the schools and different groups that can apply for these dollars to encourage these kids, I think it's going to be a benefit for us all,” said state Sen. Bill Ingebrigtsen, R-Alexandria, who co-sponsored the bill that established the grant program. A key focus of No Child Left Inside is to reach young people who don't already have opportunities to get outdoors. “We kind of have this idea of what a hunter angler looks like,” said state Rep. Jamie Becker-Finn, DFL-Roseville, who championed the law. “And I think we kind of fall into that rut. And so, this was an idea to try something new and hopefully bring some different groups of people in that haven't been brought into this realm before." That's exactly what Karl Erikson is trying to do. The physical education teacher at Higher Ground Academy, a charter school in St. Paul, is using his grant money to buy ice augers, warming houses and other gear to take his students, most of whom are of East African heritage, ice fishing on the city's Como Lake. He said he’s taken about 200 kids over the past two winters, but wants to bring all the school’s students in grades four through 12. He wants all of his students to get to experience ice fishing for the first time. "I mean, they're laughing, they're giggling, they're screaming," he said. And some are even catching big bass and pike. Now, he said, the word has spread, and students start to badger him once the lakes freeze over. "Kids have been asking, ‘Mr. Karl, when are we going ice fishing? Are we going fishing? Who's going fishing?’’’ he said with a laugh. Thursday is the deadline to apply for the second round of grants for the one-time program. But both Becker-Finn, a Democrat, and Ingebrigtsen, a Republican, say they'd like to extend No Child Left Inside beyond this year. “I really do hope, you know, when the dollars actually start going out and we start seeing the programs happening, that people are going to be even more supportive when they see the dollars actually being put to work,” said Becker-Finn.

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