Category: Business

  • The Israeli Air Force may have to think twice about taking on Hezbollah

    An Israeli F-16I fighter flew over the border area with south Lebanon on March 12, 2024.
    An Israeli F-16I fighter flew over the border area with south Lebanon on March 12, 2024.

    • Hezbollah may have surface-to-air missiles than can threat Israeli aircraft.
    • A recent Israeli strike appears to have damaged a Iran-made Sayyad-2 missile.
    • The possibility of missiles will "force" the IDF to be more cautious over Lebanon, an expert said.

    Much has been written about Hezbollah's enormous arsenal of surface-to-surface missiles and rockets and the devastation they could unleash against Israel. A recent incident, however, briefly put the spotlight on Hezbollah's lesser-known air defenses.

    After the Israeli Air Force targeted Hezbollah sites south of the Lebanese city of Sidon, footage emerged purportedly showing the remains of an Iranian-built Sayyad-2 surface-to-air missile. The Israeli military stated the Hezbollah sites targeted "posed a threat to Israeli aircraft."

    Israeli media reported that the footage was "apparently the first public evidence suggesting that Hezbollah has such missiles," as had been previously claimed. Hezbollah has traded tit-for-tat strikes with Israel since Hamas' Oct. 7 terror attacks, but the air defenses suggest Israel's Air Force would face a much greater threat over southern Lebanon than it has in Gaza's skies.

    The Sayyad-2 is a medium-range anti-aircraft missile Iran developed by heavily reverse engineering the American RIM-66 Standard Missile, SM-1, Tehran acquired before the 1979 revolution. The Sayyad-2 has a shorter range than its successors. The most advanced, the Sayyad-4B, which Iran developed for its Bavar-373 air defense system, has an estimated range of 186 miles.

    In October, a Hezbollah-appointed guide showcased some of the group's firepower to visiting journalists and hinted they have long-range air defenses like the Russian S-300. "Do you think we don't have S-300?" he said. "If Iran has S-300, absolutely Hezbollah will take S-300."

    It's unclear if Iran has tried to transfer the Bavar-373, Iran's domestically-developed equivalent to the S-300, to Hezbollah with its Sayyad 4/4B missiles.

    "Hezbollah's air defense capabilities are very opaque," Nicholas Blanford, a non-resident senior fellow at the Atlantic Council and author of the 2011 book "Warriors of God: Inside Hezbollah's Thirty-Year Struggle Against Israel," told Business Insider. "More is known about other systems in their arsenal than air defense because Hezbollah very rarely uses it."

    "Nevertheless, if Iran possesses or can acquire an air defense system that suits Hezbollah's needs, then it is safe to assume that Hezbollah probably will have it," Blanford said.

    The Hezbollah expert also noted that possession of missiles like the Sayyad-2 "certainly raises the threat level" to Israeli aircraft compared to shoulder-fired missiles. He also pointed out that Israel has "always maintained" that any Hezbollah acquisition of advanced air defense systems amounts to a "red line."

    Since 2013, Israel has sustained an air campaign in Syria targeting Iranian weapons shipments to Lebanon to prevent Hezbollah from acquiring high-end systems. It has intensified this campaign since the Hamas 10/7 attacks, likely making it more difficult than ever for Iran to transfer weapons to Hezbollah via Syria. During this campaign, Israeli jets have evaded and, at times, destroyed Syria's Russian-built short and medium-range Tor and Pantsir air defenses.

    The discovery of the Sayyad-2 suggests Iran transferred at least some anti-aircraft missiles to its most valued regional proxy.

    "It has been reported that Hezbollah possesses Sayyad-2 anti-aircraft missiles previously, and the Israeli strike on Friday solidified those claims," Freddy Khoueiry, a global security analyst for the Middle East and North Africa at the risk intelligence company RANE, told BI. "It was suspected that Hezbollah has been using the Sayyad-2 to shoot down some of Israel's advanced Hermes 900 drones over Lebanon."

    "Hezbollah has for the past few years boasted of advancing its air-defensive capabilities, and the discovery of Hezbollah's possession of Sayyad-2 demonstrates how much they obtained advanced anti-air systems," Khoueiry said.

    An Israeli F-35 stealth fighter flew over the border area with south Lebanon on March 12, 2024.
    An Israeli F-35 stealth fighter flew over the border area with south Lebanon on March 12, 2024.

    Israel has experience destroying formidable air defenses in Lebanon. When it invaded the country in 1982, it launched a coordinated, large-scale suppression of enemy air defense operation against an array of Soviet-built surface-to-air missile batteries Syria had deployed to Lebanon's Bekaa Valley.

    Operation Mole Cricket 19 obliterated the Syrian missiles and saw Israel's new F-15 and F-16 fighters dogfight the Syrian Air Force, shooting down 82 Syrian aircraft without losing a single fighter.

    While Hezbollah is unlikely ever to field a network of anti-aircraft missiles that large, some of its air defenses could nevertheless impact Israeli air operations over Lebanon.

    "Generally speaking, this will unlikely deter Israel's Air Force from operating over Lebanon but will likely force the Israelis to become more cautious amid Hezbollah's changing tactics and their more advanced capabilities, such as having their fighter jets flying at higher altitudes or using stealthier jets like the F-35," Khoueiry said.

    "Israel's Air Force is much more advanced and can bypass these air defenses, maintaining its immense air superiority, but Israeli drones and helicopters operating over Lebanon could be more at risk, especially if the IDF expands its operations in Lebanon."

    Khoueiry doubts Iran will transfer strategic systems like the Bavar-373 to Lebanon.

    "It is more likely that Iran can and did transfer medium-sized and range defensive systems to Hezbollah," Khoueiry said. "Larger anti-air defense systems like the Bavar-373 are harder to transfer given their size, but also given that Lebanon's geography is small and Hezbollah would not be able to properly operate them there."

    The RANE analyst believes that if Iran did deploy the Bavar-373 in the region, it would send it somewhere like Syria, although he estimates that's unlikely at this point.

    "The discovery of the Sayyad-2 likely hints that Iran has been able to transfer more similar advanced defensive systems that Hezbollah is likely to use in a progressive way as the conflict escalates or in the event of a wider war, especially given the likely limited number they possess," Khoueiry said.

    Read the original article on Business Insider
  • The iconic ‘Home Alone’ house is back on the market. Take a look at the $5.25 million listing.

    A man takes a photo in front of a red brick home
    Trisha Johnson said people sometimes try to do the "Kevin scream."

    • The "Home Alone" house is for sale once again.
    • The real-life home was used in the 1990 holiday film starring Macaulay Culkin.
    • The owners of the red-brick Georgian Colonial home are asking for $5.25 million.

    The real-life home defended by the fictional Kevin McCallister in the classic 1990 Christmas film "Home Alone" is back on the market, The Wall Street Journal reported.

    Now, fans can purchase the red-brick Georgian Colonial home for a pretty penny. The owners are asking for $5.25 million, per a Zillow listing of the house.

    Realtors for the home did not immediately respond to a request from Business Insider.

    The home was the main filming location for the classic holiday film
    "Home Alone."
    "Home Alone."

    Business Insider previously reported that before its current owners purchased the home in 2012, the Abendshien family bought it in 1988 for $800,000.

    While the crew filmed "Home Alone," they were anything but — the Abendshien family lived in a makeshift apartment on the second floor.

    The historic home is over 100 years old
    Two street signs at an intersection that say "Pine" and "Lincoln"
    A view of street signs where "Home Alone" house is located in Winnetka, Illinois.

    The single-family home sits 20 miles north of Chicago in Winnetka, Illinois.

    According to the listing, the 1921 home is 5,700 square feet on a half-acre and has five bedrooms and six bathrooms.

    The current owners say tourists often stop by
    A man takes a photo in front of a red brick home
    Trisha Johnson said people sometimes try to do the "Kevin scream."

    The Illinois home was purchased by Trisha and Tim Johnson in 2012 for $1.585 million.

    The couple told the Journal that tourists often stop by to take photos or recreate McCallister's scream in the movie.

    "It's a lot of fun to see people as excited as they are just to see my house," Trisha Johnson said.

    The Johnsons have updated much of the interior
    A home decorated with a Christmas tree
    The original house used in the "Home Alone" movies is decorated to reflect scenes from the movie Monday, Nov. 8, 2021,

    Take a look through the Zillow listing, and you'll see a house with many modern fixtures. It's a lot different than the home that many viewers probably remember.

    However, the Johnsons told The Journal that they chose to keep some features that highlight iconic scenes from "Home Alone." Trisha Johnson told the Journal that they left intact the front door and the central staircase that McCallister zooms down on a sled.

    "That was in the movie and it's classic," she said. "We didn't want to take that out or touch it in any way." 

    Renovations to the house include a basement overhaul
    A red brick three-story home
    The exterior of the "Home Alone" house

    The Johnsons told the Journal that much of the renovations to the house occurred four years after they purchased it.

    The space now includes a home theater with a bar and a massive sports court in the basement.

    The couple also added some quirky Lego art to the theater, including a massive Lego statue of McCallister and a replica of the home.

    Read the original article on Business Insider
  • Trump’s many controversies make legal claims against ‘The Apprentice’ film hard to prove, entertainment lawyer says

    A photo of Donald Trump on the phone next to a photo of an actor playing Donald Trump in the back of a taxi
    Donald Trump's lawyers say indie biopic "The Apprentice" is a "libelous farce."

    • Donald Trump is challenging "The Apprentice" biopic; his lawyers called it a "libelous farce."
    • The film depicts controversial claims about Trump's personal life.
    • An entertainment lawyer says proving defamation is an uphill battle for the embattled former president.

    Donald Trump has an abundance of legal battles to worry about, but his most recent fight is one he's starting himself.

    In a cease-and-desist letter obtained by Business Insider's Jacob Shamsian on Friday, Trump's lawyers railed against "The Apprentice," an independently produced movie that premiered this week at the Cannes Film Festival.

    His attorneys called the Trump biopic a "libelous farce" in the letter, but an entertainment lawyer who spoke to Business Insider said it's an uphill battle for Trump to prove that's the case — especially if the filmmakers made it clear that the film is not a representation of the truth.

    The film states that it is "inspired by true events," the Associated Press reported.

    "That's typically enough to give the makers of the show enough wiggle room to use their expression and avoid defamation cases," Camron Dowlatshahi, an attorney at Mills Sadat Dowlat LLP, told BI.

    Dowlatshahi said even if Trump happens to prove the film is defamatory, the embattled former president, constantly in the headlines for his many felony charges, will have to quantify that this one film had some effect on his brand.

    Steven Cheung, a spokesperson for Trump's 2024 presidential campaign, previously told BI in a statement that the film was filled with "blatantly false assertions."

    "This garbage is pure fiction which sensationalizes lies that have been long debunked," Cheung said.

    Although it's unclear what is true and what is fiction, what is true is that many of the rumors about Trump in the movie — played by "Captain America: The Winter Soldier" star Sebastian Stan — have been following the real-life Trump for quite a while.

    For example, critics who saw the movie at the French film festival say the movie depicts Trump raping his first wife, Ivana. The claim was made and later retracted by Ivana herself.

    The film also reportedly depicts Trump suffering from erectile dysfunction. While there are no reports of Trump having ED, this creative liberty could have grown out of Trump's former longtime doctor saying the former president had been taking finasteride for hair loss, The New York Times reported in 2017. The drug can cause erectile dysfunction.

    Now, as Trump goes head to head with the indie film, it could draw attention to these rumors, Dowlatshahi said. This is known as the "Streisand effect" — creating more attention for something by attempting to keep it quiet.

    Dowlatshahi said the added attention might even benefit the production company, Tailored Films, which called the movie a "fair and balanced portrait" of the former president in a previous statement.

    "If they're trying to get sold and companies see that there's potential for litigation, that might give them cold feet. I should note that this looks like a pretty high-quality production, so with all the buzz around it, it might be worth it for a company to take that risk and purchase the film."

    Representatives for Trump and Tailored Films did not immediately respond to a request for comment.

    Read the original article on Business Insider
  • YouTube is a major entertainment force. Here’s the platform’s history, plus how to create a channel and upload videos.

    A silhouette of a woman holding up a smartphone sits in front of the YouTube logo, a red play button.
    YouTube was acquired by Google, and has since become a major revenue-generator for Alphabet, thanks to YouTube Premium.

    • YouTube is a massive online video platform that was acquired by Google nearly two decades ago.
    • YouTube's most-viewed video currently has over 14 billion views.
    • It's easy to make your own YouTube channel, but profiting from it is notoriously difficult.

    YouTube is the world's largest online video platform, with some 2.7 billion monthly users. Over time, it has evolved from an amateur video-sharing website into a multimedia powerhouse.

    YouTube was registered as a website on February 14th, 2005, by friends and former PayPal coworkers Chad Hurley, Steve Chen, and Jawed Karim. Perhaps YouTube's foundation falling on Valentine's was a sign of the love that billions of people would develop for the platform within the coming years.

    Growth was rapid, with more than two million daily video views by the end of 2005 and more than 100 million daily views by mid-2006. Google purchased YouTube by November of that year for an impressive $1.65 billion after the failure of its own video-sharing platform, Google Video.

    YouTube CEO Susan Wojcicki persuaded Google's founders to acquire the platform after she saw how her children reacted to a video of a purple Muppet. (Coincidentally, Wojcicki's family intertwined with Google in a way the following year when her younger sister Anne became Sergey Brin's first wife).

    Today, Google remains the owner of YouTube, whose headquarters are in San Bruno, California, just south of San Francisco. And YouTube is still a powerhouse in the media landscape.

    YouTube has become one of Google's most valuable purchases, alongside other major acquisitions like the navigation and traffic app Waze, and the AI research lab Google DeepMind.

    YouTube is a major revenue generator for Alphabet, Google's parent company. On his first-quarter earnings call in 2024, Sundar Pichai said YouTube had surpassed 100 million subscribers globally. Pichai projected that YouTube and Google Cloud combined would have a run rate of over $100 billion by the end of the year.

    The most viewed YouTube video

    At the time of this writing, the most popular video on YouTube, at least according to the number of views, is the Baby Shark Dance. Posted by Pinkfong Kids' Songs & Stories in the year 2015, at the time of this writing, Baby Shark has more than 14,480,310,500 views.

    Baby Shark upset the music video for the song "Despacito" by Luis Fonsi (featuring Daddy Yankee) for the lead position in 2020, though that video is still performing well on YouTube with 8.437 billion views.

    Other wildly popular YouTube videos include the Bath Song, Psy's beloved music video for the song "Gangnam Style," and Katy Perry's "Roar." The top hits are a unique mix of content targeted at younger kids and music created by and for adults.

    The South Korean pop star Psy speaks into a microphone in front of a massive backdrop featuring a cartoon version of him doing the Gangnam Style dance.
    The music video for Psy's "Gangnam Style" is one of the most successful videos to hit YouTube.

    How to download a YouTube video

    If you're wondering how to download a YouTube video so you can enjoy it any time, it couldn't be much easier… assuming you have a paid YouTube Premium subscription. Without this subscription, you are essentially limited to filming your computer screen while a clip plays, but with YouTube Premium, on mobile or on the website, simply tap/click the word "Download" under the video. It will be saved to your YouTube library.

    And if you need to cite a YouTube video, as in an article or term paper, if there is a clear creator of the video, MLA style guidelines prompt you to give the footnote or endnote in this format:

    Doe, John. "Video Name" YouTube, 1 Apr. 2024, http://www.youtube.com/webaddresshere.

    For videos without a clear creator, use this format:

    "Capybara Eat Huge Pumpkin." YouTube, uploaded by Alex Smith, 12 Jan. 2021, www.youtube.com/watch?v=8YNwxZnABzA.

    How to make money on YouTube

    YouTube star Mr. Beast stands with his arms raised in a shopping mall, with hundreds of spectators watching and holding up their phones.
    MrBeast is one of the most successful YouTubers, with a whopping 256 million followers.

    At the time of this writing, the YouTube channel with the most subscribers is the India-based T-Series, which has 265 million followers at last check. A close second is the former reigning champ of YouTube subscribers, the YouTuber MrBeast, who has 256 million followers. Trailing MrBeast by a margin of tens of millions is the nursery rhyme channel Cocomelon, with 175 million subscribers.

    If you're interested in becoming a YouTube creator yourself and (ideally) making money on the platform, you'll need to make a YouTube channel of your own. Creating a YouTube channel is not hard to do, though growing it into a profitable enterprise certainly will be.

    To make a YouTube channel, sign into your YouTube account on mobile or on your computer. Then, in the top right corner of the screen, click your profile picture, then hit "Create a channel" in the dropdown menu. You'll be asked to create a channel, and then you can go to your new channel and hit the word "Create" in the middle of the screen to start uploading content.

    As for how to make money on YouTube, the way most people do it is through advertising. You need to join the YouTube Partner Program, which requires a minimum of 500 subscribers and at least three video uploads in a three-month period. Once you have joined that, you can begin to make money — split with YouTube, of course — every time someone views an ad on your content, you stand to make a bit of cash.

    Now, how much does YouTube pay? It depends on a few factors, including your viewer's location, the advertiser's budget, and more. Based on research for this article, the consensus seems to be that for 1,000 ad views, you would make around $18. So, true profitability might take a while.

    What is YouTube TV?

    YouTube TV is rather like a throwback to the days of "regular" TV. In Google's own words, YouTube TV is "a TV streaming service that includes live TV from 100+ broadcast, cable, and regional sports networks." You can watch live sports and news programs, see shows on cable and broadcast TV, and you get unlimited cloud DVR video storage space. One YouTube TV account allows six different users to access the same account. But before you get too excited about it, note that YouTube TV costs a hefty $72.99 per month.

    How much is YouTube Premium?

    Two shadowy hands hold up a smartphone displaying the YouTube Premium logo.
    YouTube Premium lets you watch videos without being interrupted by ads, and gives access to YouTube Music.

    First off, for the record, YouTube Premium has supplanted YouTube Red, which was discontinued. Today, YouTube Premium allows for ad-free viewing of content all across the site, and it grants access to the platform's music streaming service, YouTube Music, as well as to the archive of content from YouTube Originals, which has also been wound down.

    A YouTube Premium subscription costs $13.99 a month for an individual plan or as much as $22.99 for a multi-access family plan that lets five people use the subscription, but they all must live in the same household. Students can qualify for a reduced $7.99 YouTube Premium plan, so take advantage of that if you're in school.

    Read the original article on Business Insider
  • Here’s how much Singapore Airlines could be on the hook for after turbulence left one dead and dozens in the hospital

    Singapore Airlines
    The Singapore Airlines Boeing 777-300ER airplane, which was headed to Singapore from London before making an emergency landing in Bangkok due to severe turbulence.

    • One man died and more than 100 passengers were injured after a disastrous Singapore Airlines flight.
    • The injuries could lead to an an expensive lawsuit against the airline.
    • The injured passengers could be entitled to $170,000 or more thanks to a 1999 treaty, SCMP reported.

    Passengers who were severely injured during extreme turbulence on board a Singapore Airlines flight earlier this week could reap six-figure payouts or more, South China Morning Post reported.

    A 73-year-old British man died during the Tuesday flight from London to Singapore after the Boeing 777 aircraft dropped hundreds of feet before stabilizing mid-flight. More than 100 other passengers were also treated for various injuries, making it one of the worst turbulence incidents in recent history. 

    Several passengers suffered traumatic injuries, including paralysis, skull and back trauma, and brain injuries, The Associated Press reported.

    Damages won't be awarded until an investigation is completed, an aviation lawyer told South China Morning Post — a process that could take years. But the injured passengers on board have a means to seek payouts through a more than two-decade-old treaty.

    The Montreal Convention, or MC99, is an international agreement that governs global airline liability in passenger death and injury cases. The treaty was created in 1999 to establish a more unified set of airline policies that can protect passengers and hold airlines accountable, according to the International Civil Aviation Organization (IATA). Part of the agreement stipulates that passengers who suffer injuries caused by an airline can recover up to $170,000, the IATA wrote in a report.

    "MC99 is designed to be a single, universal treaty to govern airline liability around the world," the IATA wrote.

    One unnamed woman who flew with Ryanair in 2020 was paid $33,000 by the Irish budget airline after she broke her leg when exiting the aircraft. The woman cited the Montreal Convention in her claim.

    Another airline passenger, citing the treaty, sued Delta earlier in May, claiming he broke a rib after the armrest collapsed when he leaned on it. The passenger is asking for $1 million since he also accused Delta of negligence.

    A Delta spokesperson did not immediately return a request for comment sent outside working hours.

    Despite the 1999 treaty's $170,000 limit, Peter Neenan, an aviation lawyer, told the South China Morning Post that victims who experienced similar injuries as the Singapore Airlines passengers reached "easily into seven and sometimes eight-figure claims."

    The compensation amount, however, could only be determined after the investigation into the flight is done, he told the publication.

    One passenger on the relief flight from Bangkok to Singapore told The Straits Times that an airline staff member offered passengers monetary compensation. He told the outlet that a staff member gave him an envelope with 1,000 Singapore dollars, or about $740.

    "(The staff member) said that the money was like … an apology," he told the Straits Times.

    After the deadly flight, Singapore Airlines announced that it would no longer serve meals when the seatbelt light is on.

    A spokesperson for Singapore Airlines did not respond to a request for comment.

    Read the original article on Business Insider
  • American Airlines fires attorneys who said 9-year-old girl ‘should have known’ she was being recorded in the bathroom

    An American Airlines Airbus A319 .
    An American Airlines Airbus A319.

    • American Airlines replaced its lawyers after backlash over a bathroom recording case.
    • The airline is facing lawsuits tied to a former flight attendant accused of filming underage girls.
    • Previous lawyers argued a 9-year-old "should have known" she was being filmed.

    American Airlines has new attorneys after previous lawyers said a 9-year-old should have realized she was being recorded in the bathroom by a flight attendant.

    The airline is facing several lawsuits stemming from criminal charges against Estes Carter Thompson, a former flight attendant accused of filming underage girls by taping his phone to the bathroom toilet seat.

    Police arrested Thompson after a 14-year-old girl noticed a phone with its camera flashlight turned on in the bathroom on a flight from North Carolina to New York in September 2023, police say. He is facing federal charges of attempted sexual exploitation of children and possession of images of child sexual abuse.

    The girl's mother previously told Business Insider that Thompson used "psychological tricks" to make her think the interaction wasn't strange.

    Paul Llewellyn, an attorney representing the 14-year-old girl's family in a civil suit, is also representing the family of a 9-year-old who says Thompson also filmed her on a flight in January 2023.

    Attorneys representing American Airlines in that lawsuit claimed in court records this week that the 9-year-old "knew or should have known" that the bathroom "contained a visible and illuminated recording device," absolving the airline of negligence.

    Llewellyn called the claims "not credible" and said the airline should have never "taken this position in the first place."

    The airlines later walked back the claims in court, amended the complaint, and issued a statement to Business Insider that said the defense was "not representative of our airline."

    Now, American Airlines confirmed to Business Insider that the airline is no longer retaining the attorneys who wrote the complaint, offering no further comment on the change.

    Llewellyn told BI in a statement that American Airlines switched attorneys "as a result of the intense media and public backlash surrounding the outrageous allegation."

    "With the benefit of this new legal representation, we hope that American Airlines will now take a fresh look at the case and finally take some measure of responsibility for what happened to our client," Llewellyn said. "Otherwise, we are very confident that a Texas jury will do the right thing and hold American Airlines responsible."

    Read the original article on Business Insider
  • NYC hotel rooms are averaging over $300 a night as many hotels exclusively house migrants, reducing supply during a tourism boom

    Midtown Manhattan
    Midtown Manhattan.

    • In 2023, hotel rooms in NYC averaged $301 a night — a record — according to The New York Times.
    • Airbnb and inflation were culprits. But the migrant crisis also played a big role.
    • Dozens of hotels have been converted into migrant shelters, reducing the supply of available rooms.

    For travelers planning trips to New York City, be prepared to shell out more money than ever for a hotel.

    In 2023, the average daily cost of a New York hotel room was $301 a night, a jump from about $278 a night in 2022, according to the commercial and residential real estate provider CoStar. And from January to March 2024, the average nightly hotel rate in the city was roughly $231, up from a $216 nightly rate during the same period last year.

    But it's not just an uptick in travel to New York City that is driving up prices. There's the upending of the Airbnb rental market, inflation, and the slowdown in new hotel construction.

    And, as The New York Times recently reported, the migrant crisis has also caused a jump in hotel rates. Many hotels began taking in migrants during the pandemic, some of them exclusively.

    This has reduced the supply of available rooms and helped drive up prices for guests looking for accommodations across the city. According to the Times, about 135 of the nearly 700 hotels in New York City are now sheltering asylum seekers. Those hotels earn up to $185 nightly a room, according to the city.

    No hotel that switched to housing migrants has yet to revert to a conventional hotel, the Times reported.

    According to CoStar data, the hotels now sheltering migrants have cordoned off roughly 16,500 rooms from the available hotel supply, resulting in nearly 122,000 available rooms for travelers. There are now about 2,800 fewer rooms available for travelers in the city compared to right before the coronavirus pandemic.

    "During peak periods, try getting a hotel on a Tuesday, Wednesday or Thursday night in midtown Manhattan, and, if you can, you could end up paying dearly," LW Hospitality Advisors president and chief executive Daniel H. Lesser told the Times. "It's all supply-and-demand related, and the migrant rooms have reduced the amount of supply."

    Immigration has emerged as a defining issue of the 2024 presidential campaign. Voters largely disapprove of President Joe Biden's handling of the issue. Former President Donald Trump, meanwhile, is looking to use immigration to rally Republicans and Independents around his campaign.

    Since 2022, more than 180,000 migrants have arrived in New York City — with tens of thousands sent by Texas Gov. Greg Abbott in protest of Biden's immigration policies. Mayor Eric Adams has faced enormous financial and logistical challenges to house the migrants.

    The New York City hotel market was hit hard in 2020 as business travel plummeted and the city — once the epicenter of the COVID-19 pandemic — struggled to recover due to the resulting economic fallout.

    But the city's hotel market picked up in a major way last year, and the city could see a $380 million bump in hotel revenue this year, according to The Wall Street Journal. If the projections prove to be accurate, it would be a stunning turnaround given the challenges faced by the travel industry throughout the pandemic.

    Read the original article on Business Insider
  • The Biden administration is targeting corporate giants in a ‘deliberate’ antitrust push

    Joe Biden
    President Joe Biden.

    • Joe Biden's administration is going after big corporations with antitrust lawsuits.
    • It's an aggressive approach that makes Biden stand out compared to his predecessors.
    • High-profile cases include Live Nation, Google, Apple, Amazon, Meta, as well as non-tech companies.

    President Joe Biden is really leaning into his pro-labor image.

    The Biden administration has launched investigations and antitrust lawsuits against several mega corporations, many in the tech sector, that it accuses of behaving like monopolies — and it's setting him apart from his predecessors.

    "This is definitely a different agenda than previous presidents," Rebecca Allensworth, an antitrust expert at Vanderbilt University, told Business Insider. "I think that Biden is saying … consolidation and the power that large companies have gotten over the last 20, 30 years isn't good for the American consumer or for Americans in general. I think it's very much a deliberate attempt to take away on some of that market power that these big corporations have accumulated."

    Here are some of the biggest companies Biden has targeted.

    Live Nation

    Live Nation

    This week, the Justice Department filed an antitrust lawsuit against Ticketmaster's parent company, Live Nation Entertainment, which Attorney General Merrick Garland accused of "anti-competitive and illegal" business practices that have stifled innovation and led to worse experiences for fans, artists, promoters, and vendors.

    Google

    Man walking by Google logo
    Google.

    We are still waiting on a verdict in the yearslong antitrust case against Google. The DOJ and several states accused Google of monopolizing as a search engine and cutting off competition.

    Arguments in the case concluded earlier this month, leaving the future of Google (and much of the tech industry at large) in the hands of a US district judge who may clear the company or find it liable and demand it make changes.

    Apple

    Apple iPhone 15 on display
    The iPhone 15 was launched at an Apple event on September 12.

    The Justice Department filed an antitrust lawsuit against Apple in March, accusing the company of taking over the smartphone market by "delaying, degrading, or outright blocking" the competition. The company has created a "smartphone monopoly," the Justice Department argued, using restrictive policies, accessories, and software.

    Amazon

    Jeff Bezos in a suit on top of an Amazon logo
    Jeff Bezos.

    The Federal Trade Commission took Amazon to court last year, accusing the company of luring customers into signing up for its Prime subscriptions. The FTC claimed that Amazon "knowingly duped millions of customers." A Business Insider investigation previously found that the company was aware of its confusing sign-up infrastructure for years but did not act on it. Meanwhile, an antitrust suit brought against Amazon by the FTC is set to begin in 2026.

    Meta

    Meta logo is displayed during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France.
    The Meta logo.

    The FTC and dozens of states filed suit against Meta, formerly Facebook, accusing the company of buying up Instagram and WhatsApp to quash competition.

    "I think there's a reason why they have one big monopolization case, at least, against each of the four major American tech companies," Allensworth told BI. "Tech is too dominant. Tech has a dangerous level of market power, and it's oppressing competition and creating products that are more dangerous and more expensive than they need to be."

    The Biden administration is targeting more than just tech, however. It has also intervened in the merger of JetBlue and Spirit Airlines, which a federal judge ultimately blocked, and Kroger's bid to acquire Albertsons Companies, which is still pending following an FTC lawsuit.

    Collectively, it sends a clear message to companies that "the problem goes beyond tech," Allensworth said. "Other sectors, too, suffer from concentration and could do with a bit of antitrust enforcement."

    But while the administration can bring investigations and litigation, the outcome is out of its hands.

    "It really lies with the courts, and the courts are not immune to political change, but less susceptible to the winds of politics," Allensworth said.

    Read the original article on Business Insider
  • Mom fined $88,000 after her children collected 72 clams — not seashells — at a California beach

    Man holds Pismo clams in California in 2000.
    Pismo clams.

    • A mother was fined $88,000 after her family collected 72 clams from a California beach.
    • People cannot collect clams without a fishing license in California. 
    • A San Luis Obispo County judge later reduced the fine to $500.

    A California mother received a $88,000 fine after her children collected dozens of clams they believed were seashells.

    Charlotte Russ told news station ABC30 that her family vacationed at Pismo Beach, a coastal city known for its beaches and local sea life, in late 2023. The residents dubbed Pismo Beach the "Clam Capital of the World" in 1947, according to the Pismo Beach Conference & Visitors Bureau.

    "My kids, they thought they were collecting seashells, but they were actually collecting clams, 72 to be exact," she told the outlet.

    Unfortunately, that mistake cost them.

    pismo beach california
    Pismo Beach, California.

    Pismo Beach has strict regulations regarding clam harvesting. People must have a valid saltwater fishing license and cannot collect clams under 4 1/2 inches. There are also regulations around what time people can harvest clams and how many they can bag a day.

    Authorities issued Russ citations for fishing without a license and for collecting undersized clams, according to court records.

    Russ told ABC 30 that the fine totaled $88,993.

    "It made me really sad and depressed, and it kind of ruined our trip," she said.

    However, Russ said she was able to explain the mistake to a San Luis Obispo County judge and got the fine reduced to $500. The fine can also be fulfilled by completing community service work.

    "It was definitely one expensive trip to Pismo," Russ told the outlet. "Unforgettable."

    California's Department of Fish and Wildlife representatives did not respond to a request for comment from Business Insider.

    Read the original article on Business Insider
  • Woman says ‘near-vertical’ Disney waterslide knocked her unconscious and caused brain damage in new lawsuit

    disney typhoon lagoon water park
    Disney's Typhoon Lagoon Water Park.

    • A Florida woman has filed a lawsuit against Disney theme parks, according to an Orlando news outlet.
    • The lawsuit says she went unconscious and experienced brain damage on a Typhoon Lagoon waterslide.
    • She's seeking $50,000 in damages.

    A Florida woman has filed a lawsuit against Disney, saying she lost consciousness and sustained a brain injury after riding a waterslide at Typhoon Lagoon Water Park.

    The lawsuit, filed on Monday in Orange County, says that Laura Reyes-Merino visited the theme park on May 11 and rode the Humunga Kowabunga, according to the lawsuit, obtained by WKMG, a local Orlando news outlet.

    The woman's attorney, Richard Russo, did not immediately return a request for comment from Business Insider.

    The Walt Disney World website says the waterslide has a "near-vertical" 214-foot drop with a 60-degree angle.

    Reyes-Merino fell unconscious after "banging inside the ride," according to the lawsuit. Her family discovered her limp at the end of the waterslide.

    "The attendants told (Reyes-Merino's) fiancé and mother that they were not lifeguards and would have to find lifeguards to help," the lawsuit says. "As they were all waiting for help, blood kept coming out of (Reyes-Merino's) mouth in the water."

    Reyes-Merino's fiancé pulled her from the water, but a lifeguard who arrived at the scene told the family not to touch her, prompting them to call an ambulance, the lawsuit says.

    "Had (Disney) had lifeguards at the end of the ride to watch and help guests coming off the ride, Plaintiff's brain injury would not have occurred as she wouldn't have been drowning in the water coughing up blood," the lawsuit says.

    Reyes-Merino has experienced mental, emotional, and physical ailments following the incident, including brain damage, the lawsuit says. She's seeking $50,000 in damages.

    Representatives for Walt Disney World and Reyes-Merino did not respond to a request for comment from Business Insider.

    Disney has faced lawsuits related to the Humunga Kowabunga waterslide in the past, including in October 2023, when a woman claimed she experienced vaginal bleeding after a hard landing.

    That lawsuit said the woman experienced permanent bodily injury following the incident. She also sought $50,000.

    Read the original article on Business Insider