Author: News Room

Founded by Conrad Hilton, the hotel magnate, the foundation is one of the biggest financial backers of Catholic sisters’ work around the world, and has given roughly $28.5 million to Vatican-led initiatives, including Vatican departments, the majority of that since 2020. Regardless of the conclave’s outcome, the foundation is committed to continuing its partnerships with the Vatican, and to support programs focused on Catholic sisters, Sr. Jane added. Francis saw donors as vital partners. He looked to them not only to fund the causes dear to him but also to plug the Vatican’s creaky finances. In February, while the pope…

Virginia Giuffre, a former victim of Jeffrey Epstein’s sex-trafficking ring who said she was “passed around like a platter of fruit” as a teenager to rich and powerful predators, including Prince Andrew of Britain, died on Friday at her farm in Western Australia. She was 41.Ms. Giuffre (pronounced JIFF-ree) died by suicide, according to a statement by the family. She wrote in an Instagram post in March that she was days away from dying of renal failure after being injured in an automobile crash with a school bus that she said was traveling at nearly 70 miles per hour.In the…

Hobby forums, normally places for trading tips about knitting patterns and sharing photos of new projects, are now hosting in-depth analyses of tariff news and heated political debates. Ben Schinkel, 42, an avid gamer who voted for Mr. Trump, said that the news cycle had inspired him to do some research into tariffs; he concluded that “tariffs are good if we can get a better deal for things from China and other countries.” But he said the tariffs will most likely make him more selective about which video games he buys, and he would draw the line at $90 for…

On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent tried to convey an important message about the United States dollar.Speaking to a crowd of global policymakers, regulators and investors, Mr. Bessent sought to allay fears that had ballooned in recent weeks about the dollar’s global standing and the country’s role as the safest haven during times of stress. He reiterated that the administration would continue to have a “strong-dollar policy” and affirmed that it would remain the currency that the rest of the world wanted to hold, even…

Founded by Conrad Hilton, the hotel magnate, the Hilton Foundation is one of the biggest financial backers of Catholic sisters’ work around the world, and has given roughly $28.5 million to Vatican-led initiatives, including Vatican departments, since 2020.Francis saw donors as vital partners. He looked to them not only to fund the causes dear to him but also to plug the Vatican’s creaky finances. In February, while the pope was recovering from a near-death bout of double pneumonia, he created the Commissio de Donationibus pro Sancta Sede, a committee to fund-raise directly for the curia, or the Vatican’s governing hierarchy,…

En el último piso de un edificio cerca de Union Square, hay una pequeña oficina de paredes blancas repleta de veinteañeros agotados que comen Cinnamon Crunch y jelly beans. Una pizarra blanca con un calendario de cuenta regresiva está tachado en rojo. En una estantería cercana, un busto romano tiene un globo rosa pegado en la boca, como una burbuja de chicle a punto de reventar. Afuera de la puerta se lee un cartelito que dice “Phia”, el nombre de una nueva herramienta de comercio electrónico ideada por dos estudiantes de Stanford en su dormitorio.Una empresa emergente básica. Excepto por…

There are proposals from Republicans in Congress to increase the tax on large endowments, potentially to 14 percent, much higher than the 1.4 percent put in place eight years ago. Assuming a 10 percent return, that would leave Harvard with a tax bill of about $742,000,000, roughly equal to what it spent on financial aid last year. But you can go around and round. If Harvard raised its endowment draw, however sacrilegiously, to 7 percent, it would add about $1.3 billion to its budget.Undoubtedly the prospect of higher taxes and the realities of a chaotic stock market have made the…

Sarah Paiji Yoo started her career in finance and then founded several start-ups, mostly in the fashion and beauty worlds. But during parental leave after the birth of her first child, she realized how many microplastics her family was inadvertently consuming.“I started to have mixed feelings around pushing people to buy more things, when I didn’t feel like they needed it,” Ms. Yoo, 40, said. “On the other side of becoming a mother, I realized I still loved working, and I still loved early-stage company building, but I just needed more meaning in the work that I was doing.”So in…

Virginia Giuffre, a former victim of Jeffrey Epstein’s sex-trafficking ring who said she was “passed around like a platter of fruit” as a teenager to rich and powerful predators, including Prince Andrew of Britain, died on Friday at her farm in Western Australia. She was 41.Ms. Giuffre died by suicide, according to a statement from the family. Ms. Giuffre (pronounced JIFF-ree) wrote in an Instagram post March that she was days away from dying of renal failure after being injured in a crash with a school bus that she said was traveling at nearly 70 m.p.h.In 2019, Mr. Epstein was…

There are some 48,000 barrels of Scotch whisky quietly aging in Martin Armstrong’s warehouses in southwestern Scotland. Last year, 17 of them became a problem.Mr. Armstrong normally deals with companies that buy hundreds of barrels at a time from distilleries, then pay him to store them as they age. In July, he started getting desperate calls from people who had bought just one or two barrels from an investment outfit called Cask Whisky Limited. They had been told that some of those barrels were stored in Mr. Armstrong’s warehouse.Cask Whisky had promised those investors sky-high returns. But when the company…