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Struggling AMC is giving its CEO a $3.75 million bonus, and paying $8.3 bonuses in total, for ‘extraordinary efforts’ during the pandemic

Summary List PlacementAMC has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said. In a regulatory filing on Friday, the company said CEO Adam Aron would receive $3.75 million as bonus, while four other top executives are entitled to bonuses of between $173,000 and $507,000. The company approved $8.3 million in bonuses in total, including some to corporate associates and theater management. The bonuses were approved to recognize "the extraordinary efforts of employees to maintain the company's business and preserve stockholder value during the COVID-19 pandemic, encourage continued engagement and retention, and incentivize our management and employees during the contin...

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Hyatt Hotels said it is taking claims the CPAC stage was inspired by a Nazi rune ‘very seriously’ and called hate symbols ‘abhorrent’

Summary List PlacementThe Hyatt Hotels Corporation called hate symbols "abhorrent" after the stage at the 2021 Conservative Political Action Conference (CPAC), which took place at a Hyatt hotel, resembled a Nordic rune that appeared on Nazi uniforms. CPAC was held this year at the Hyatt Regency in Orlando, Florida, and ran Thursday to Sunday last week. Some people noted on social media that the event's stage — which hosted speakers like former President Donald Trump — was in the shape of an "Odal rune," with tweets like this one going viral: Has anyone else noticed the shape of the CPAC stage is the Odal Rune/SS insignia? pic.twitter.com/TCns4B1tq8 — The Daily Beans Podcast (@dailybeanspod) February 26, 2021 As Insider's Kelsey Vlamis reported, the symbol was used on some...

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Prince Harry Tells Oprah He Left the Royals Because He Feared Meghan Markle Would Suffer Like Princess Diana

JOHNNY EGGITT / Getty ImagesPrince Harry has told Oprah Winfrey that he decided to step back from the British royal family because he was fearful of “history repeating itself,” apparently referring to the tragic story of his mother, Diana, who died at 36 in a car crash in Paris while being pursued by paparazzi. Harry, who is now 36 himself, made the remarks in his interview with CBS which will be screened on March 7. Two advance clips from the special were released on Monday morning. In one of the new Oprah clips, Harry was seated next to Meghan, 39, with whom he is expecting a second child. As he held her hand, he reflected on the ordeal his mother went through when she left the royal family. at The Daily Beast. ...read more Source:: The Daily Beast...

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10 Things in Politics: Trump teases 2024 run at CPAC

Summary List PlacementGood morning! Welcome back to 10 Things in Politics. I'm Brent Griffiths. Sign up here to get this newsletter in your inbox each day. Send your tips and thoughts to bgriffiths@insider.com or tweet me @BrentGriffiths. Here's what you need to know: Trump's 2024 ambitions face a major test next year. New York Gov. Andrew Cuomo faces another sexual-harassment allegation. Congressional Democrats want to move gun violence legislation this month. 1. HE'S BACK: Former President Donald Trump tore into his successor and disloyal Republicans in his CPAC speech, his first since leaving the White House. While he rejected the idea of creating a new party, Trump strongly hinted he'll run for the GOP presidential nomination in 2024. For now, activists and fellow Republicans say h...

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Investor Paul Singer warned of ‘head-smacking craziness’ in markets and said there could be ‘trouble ahead’

Summary List Placement Paul Singer said there had been some "head-smacking craziness" in markets recently. He singled out "staggering valuation metrics" and "overleveraged capital structures" as worries. Singer's Elliott Management made money every month in 2020, Bloomberg reported. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire investor Paul Singer told clients that early 2021 has been a period of "head-smacking craziness" for US stocks and warned there could be "trouble ahead." The boss of $42 billion investment group Elliott Management also struck a pessimistic tone on bitcoin and Tesla in a January 28 letter to clients seen by Bloomberg. Singer suggested bitcoin would falter, bringing about a "we told you so" moment for him and colleagues. El...

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The Off-the-Shoulder Top Is Back, and Vaccine-Jab Ready

Photo Illustration by The Daily Beast / Photos via GettyThe vaccine selfie is both a flex and a work of art. While it’s disheartening to see, say, a SoulCycle instructor get to the front of the line under the guise of being a “teacher,” it remains endlessly warming to watch someone’s grandmother get her jab. A shot in the arm has become another social media rite of passage, and as access (slowly) trickles down to the rest of us, trends are born. While sweatpants—the mac and cheese, comfort food of fashion—came to represent the need for comfort amid a crumbling society, we need a new piece of clothing to represent the impending promise of a brighter future. Enter: the off-the-shoulder top. As made clear in a viral tweet from this week, cold shoulders are the perfect mix of fashion and func...

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These Alt-Weeklies Faced ‘Total Annihilation.’ Here’s How They Survived.

Photo Illustration by The Daily Beast/CourtesyAre alt-weeklies ever going to catch a break? An already precarious media industry has only become more precarious for alternative weeklies, which are mainly funded by ads from restaurants, bars, and concert venues—businesses that depend on people gathering in large groups, and whose cultural coverage centers around telling readers to go out and do things. It’s a story we’ve all heard before. Many alternative weeklies have been gutted, or closed in the last five years. The Village Voice closed in 2018; LA Weekly was sold in 2017 and gutted; the same year Baltimore City Paper closed. Others were casualties of the pandemic: City Pages, Minnesota’s beloved alt-weekly, particularly known for music writing, closed last fall. The pandemic was suppos...

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The Next COVID-19 Nightmare for People of Color Is Proving They Got the Shot

Octavio Jones/GettyAs we near the one-year anniversary of stay-at-home orders in the United States, COVID-19 vaccine distribution has begun, albeit in rather messy fashion. In the U.S. to date, over 49 million people have received at least one dose of the Pfizer or Moderna vaccines, and over 24 million have received their second dose as well, according to the CDC. Despite promises of smooth and widespread vaccine distribution from the Trump administration in the fall of last year, the vast majority of vaccinations have only been administered under the direction of President Biden’s COVID-19 Task Force. And stories of people skipping the line, political favoritism, and wealthy individuals gaming the system continue to taint the process nationwide. Soon, though, with the Johnson & Johns...

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The Only Way Forward Is to Drain the Swamp and Lock Trump and His Gang Up

Olivier Douliery/GettyThere’s only one way to restore a cynical and traumatized majority’s faith in the rule of law and the Department of Justice, and that’s to drain the GOP swamp, hold Trump accountable for his numerous crimes, and—to quote from Gladiator—“unleash hell” on his criminal allies and enablers. Just yesterday Donald Trump returned to face his adoring cult at the annual CPAC conference and kept promoting the Big Lie that he won the 2020 election, a lie that inspired a violent insurrection that killed five people. This dangerous, reckless behavior, supported by the GOP and its media propagandists, will only continue absent any legal consequences. “The Biden administration needs to bring what I call a ‘season of reckoning’ for the corruption and grift that we have suffered thro...

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Global stocks rise after US stimulus package passes and falling bond yields reignite risk appetite

Summary List PlacementGlobal shares rose on Monday, buoyed by the passing of US President Joe Biden's $1.9 trillion spending package and by a retreat in bond yields, which soothed some concern among investors about a potential shift in the Federal Reserve's ultra-accommodative monetary policy. Equities, industrial commodities and emerging-market currencies in particular gained ground. House Democrats approved Biden's emergency spending package in a near-party line vote on Saturday, moving ahead far-reaching legislation aimed at distributing new federal dollars to hard-hit households, businesses, and other parts of the US economy. Government bond yields, which surged last week as investors began to factor in a sharp pickup in growth and inflation, subsided, giving equities some much-need...

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Miss Manners: Is it legal for a man to use his wife’s name?

DEAR MISS MANNERS: When a couple got married, she decided to hyphenate her maiden name and her husband’s last name. Is it proper for the husband also to hyphenate his last name by taking her maiden name — i.e., her maiden/his last? Would this be legal on important papers? People are doing some strange things these days, and I can’t keep up. GENTLE READER: Don’t even try. Recognizing the limitations of the 19th-century terms “Mr. and Mrs.,” and delighted to see the return of the 16th-century term Ms., etiquette recklessly decreed that every lady could decide for herself; and, although it less often comes up, every gentlemen can decide his own name. That makes work for others, memorizing each individual’s preference, but Miss Manners thought people would be happy having the choice. Related A

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Dear Abby: My mom says our wedding will interfere with her spiritual journey

DEAR ABBY: My mother has become very “spiritual” over the last eight years or so. Recently, it has become all-consuming and on the verge of becoming detrimental. Jeanne Phillips She often refers to her “guides” (she says they are feelings, but I think she’s getting brainwashed by human “guides” online), who have convinced her to withdraw thousands of dollars from her bank before the second wave of COVID-19 hits. I recently became engaged. We don’t plan to be married until 2022 so our guests can have a fun, safe time at our wedding. Mom wants to take a “mediumship certification” class, which will run for 18 months. The actual certification is scheduled for the month we told her we may want to get married, so now she’s trying to guilt me into changing the date. She copied me on the email she

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Biden and the Democrats have a rare opening to try passing long-sought gun reform laws. Here’s a look at the bills they’re proposing.

Summary List PlacementA small troop of House Democrats marched across the Capitol on November 20, 2019, to GOP leader Mitch McConnell's office. They demanded the passage of HR 8, otherwise known as the Bipartisan Background Checks Act of 2019. House Speaker Nancy Pelosi, joined by fellow Democrats, the bill's lead sponsor Rep. Mike Thompson of California, anti-gun violence activist Rep. Lucy McBath of Georgia, and several others carried a large sign demanding then-Majority Leader McConnell take up the bill. The measure had passed the House that February only to languish for more than 260 days with no action from the Senate. As soon as Pelosi's press conference was over, McConnell's aides quickly swept the poster inside, never to be seen again — much like HR 8. Now Democrats are in a pow...

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10 things in tech you need to know today

Summary List PlacementGood morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Here's what you need to know today. 1. Far-right platform Gab got hacked. On Sunday night, hacker group DDoSecrets said it had got hold of 70GB of Gab data to expose its right-wing users. 2. Google's Stadia failed in part because it missed its targets. The project missed its monthly active user goal by hundreds of thousands of gamers, according to new reports examining the project. 3. There's been a big executive shakeup at Amazon — again. Amazon has chosen Nader Kabbani, VP of Amazon Pharmacy, to lead its vaccine rollout. We have the details here. 4. Elon Musk wants to get inside your head. Literally. The Tesla CEO is developing "neural interface technology," a.k.a. putting...

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USAA offers the most sought-after mobile banking tools among the largest US financial institutions in 2020

Summary List PlacementUSAA offers the most sought-after mobile banking tools among the largest US financial institutions in 2020, according to Insider Intelligence's fourth annual US Mobile Banking Competitive Edge Study. US mobile banking penetration is rising amid the coronavirus pandemic, as is consumers' reliance on the channel. Insider Intelligence forecasts that for the first time, more than half (55.1%) of the US population will use mobile banking this year. And for many, it's more than a stop-gap measure for traditional in-branch or call center tasks: 79.5% of mobile banking users who responded to Insider Intelligence's 2020 US Mobile Banking Competitive survey say that mobile is their primary banking channel. In this report, Insider Intelligence identifies the innovative mobile b

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