Croatia, Bulgaria take big step toward joining the euro

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FRANKFURT, Germany (AP) — Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc’s attraction despite its 2010-2015 debt crisis and the continuing debate about how to strengthen it against possible future trouble.



FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)


© Provided by Associated Press
FILE — In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)

Finance ministers of the 19 current euro nations and European Central Bank President Christine Lagarde agreed to admit the two European Union members

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Credit traders are leaving Deutsche Bank as compensation squeezed

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Employee exits at Deutsche Bank aren’t a new phenomena — there’s been a steady stream of them since the struggling firm announced last summer it would cut 18,000 jobs and sell off its stock-trading business as it tries to stem billions in losses.

At least initially, Deutsche executives planned to not only spare its profitable investment-banking business lines in the US, but to lean into them.

But the credit-trading group, a perennial top competitor which includes the firm’s vaunted distressed-debt desk, has experienced a rash of departures in the US in 2020 as executives angled to cut costs and squeezed compensation, according to conversations with six sources familiar with the firm’s trading operations who spoke on the condition of anonymity.

The exits have cleaved 25% of the headcount in the firm’s vaunted US-based distressed-credit group, and have hit high-yield, investment-grade, and loan trading as well.

This all has left the

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U.S. weekly jobless claims unexpectedly rise as labor market takes step back

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WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand.

The weekly jobless claims report from the Labor Department on Thursday, the most timely data on the economy’s health, also showed nearly 32 million people were collecting unemployment checks in early July. Relentless labor market weakness puts pressure on the U.S. Congress to extend a $600 weekly jobless benefit supplement, which expires on July 31.

“There is no gradual and uneven recovery for the labor market,” said Chris Rupkey, chief economist at MUFG in New York.

“Washington policymakers looking for signs that additional stimulus is necessary can judge for themselves with the millions and millions of jobless workers getting unemployment benefits. The economy cannot carry on for long if it has

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An award-winning cam girl explains how online porn has changed in 18 years, from shaky webcams to six-figure salaries

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ImLive Cam Girl
ImLive Cam Girl

ImLive

  • HottyTEEN69 has been a host on ImLive, a site where people can pay to watch cam girls, for nearly 18 years. 

  • She joined to help pay for her university fees in Romania back when the company was founded in 2002. 

  • Though camming sites like OnlyFans and IsMyGirl have caught the popular imaginary now, the early aughts were like the ‘wild west’ for adult entertainment sites. 

  • Visit Insider’s homepage for more stories.

Camming — live-streaming sex shows, typically from a bedroom — has grown into one of the most lucrative parts of the adult entertainment industry, earning models upwards of $100,000 a year.

In fact, the pandemic has fueled the multi-billion dollar camming industry, as lockdowns created an audience (people who couldn’t go out), and new models (people who lost jobs and sought ways to make money from home).

But long before the pandemic, and long before

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9 questions to help vet your back-to-school choices

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In Brandon Wislocki’s fifth grade class this spring in California, daily virtual classes were an experiment in creativity.

The Zoom sessions featured guitar playing, group discussions about literature, live math lessons, checks for understanding through Zoom’s chat function and silly games, such as Oreo stacking and household scavenger hunts.

The remote lessons featured something many students didn’t get this spring when the coronavirus forced instruction online: the learning of new material.

Wislocki’s students at Stonegate Elementary in Irvine, California, still covered the core math and English standards that would have been taught in person from mid-March to the end of the school year. 

Brandon Wislocki, a fifth grade teacher at Stonegate Elementary School in Irvine, Calif., starts many of his virtual classes by singing to students.
Brandon Wislocki, a fifth grade teacher at Stonegate Elementary School in Irvine, Calif., starts many of his virtual classes by singing to students.

The experience suggests online learning doesn’t have to be bad. There are ways to make it more engaging and effective, education experts said. But

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How To Make Black Lives Matter At Harvard Business School

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When I first heard that Harvard Business School Dean Nitin Nohria had publicly apologized for the school’s numerous failures to the African-American community, I was both surprised by his personal confession of complicity and highly skeptical that the anti-Black culture that he had led for a decade would substantially improve. As a senior lecturer at the school for seven years from 2012 to 2019, I had been regularly lobbying Dean Nohria on Black issues. I would initiate meetings with him every year in the fall and spring, armed with my sheet of paper with “Black Agenda” handwritten on the top. I wrongfully assumed that a “man of color” would want to rid the school of its anti-Black racism. Boy, was I wrong! There was no progress.

And then, when I finally read his entire apology, I was outraged and glad that I had retired from the toxic anti-Black environment. The … Read More

36 rare vintage Corvettes found in a Manhattan garage after they were abandoned for decades will be raffled off for charity

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Lost Corvettes
Lost Corvettes

Brittany Chang/Business Insider

A historic collection of 36 classic Corvettes saved from dilapidation after being hidden underground in a Manhattan garage for decades will soon be given away in a nationwide sweepstakes. 

Corvette Heroes is hosting The Lost Corvettes sweepstakes that will be giving away the cars that it touts as the “greatest barn find in automotive history.”

The Corvette collection has an unusual backstory: this isn’t the first time all 36 of the Corvettes have been given away together. They were originally a part of a 1989 giveaway that landed the cars in the hands of a Long Island man who then passed the cars along to artist Peter Max. Max, however, left the Corvette collection untouched in multiple Manhattan garages for decades before the current team acquired the fleet and decided to host a new giveaway.

The sweepstakes collection includes a Corvette from every production year

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Sports Brands Need to Take Risks to Boost Business

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Click here to read the full article.

Plain vanilla is the kiss of death.

Sporting goods brands and retailers need to be willing to take some risks in their design and merchandising to lure consumers to buy.

“A plain vanilla assortment means boring and the same as last year,” said Matt Powell, vice president and senior industry analyst for NPD Group. “There’s no surer way to kill a retail business.”

So despite fears that have come to the forefront during the pandemic that are causing companies to want to play it safe, Powell said they need to “take some risk and offer a provocative and exciting assortment.”

Powell made those comments as part of a webinar titled “Monitoring the Impact of COVID-19 and the Road to Recovery” for the Sports & Fitness Industry Association Tuesday afternoon.

Over the past few months, sports apparel and footwear have performed better than many

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Illegal lockdown parties hosted in online rentals

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Lockdown parties hosted in properties booked via online sites, including Airbnb and Booking.com, are putting “communities at risk”, the Bed and Breakfast Association has said.

Hosts and residents have complained of groups of up to 30 breaking social-distancing rules and taking drugs.

BBC News has been told of several such parties in the past month.

Airbnb has suggested it has gone further than its rivals to protect public health during the pandemic.

However, last week a man was stabbed at a party in a south London property police believe had been rented out via the platform.

‘Take responsibility’

Following a previous BBC News investigation into “coronavirus retreats”, Airbnb had told users they could make bookings if they were key workers or required “essential stays” only.

But that restriction is to be lifted, in line with local rules on hotels and self-catering accommodation, in:

Rival platform Booking.com does not currently flag

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Creating an online course ‘changed my life’

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Like many others, interior stylist Lucy Gough saw her income disappear when the coronavirus hit and naturally felt anxious about her future prospects.

“Within one week the four shoots I’d been prepping for were all cancelled,” she recalls.

However, rather than do nothing, London-based Ms Gough decided to pivot her business and create an online interior styling course after teaching a similar course at London design school Central Saint Martins.

“Even though I’d wanted to create a course for the last year it wasn’t until lockdown was confirmed and all my income evaporated that I started creating it,” she says.

Covering six modules including shoot styling and home staging, Ms Gough launched the self-paced course in mid-May and within two weeks had already attracted 112 students from as far as Canada and Poland. She estimates that the course might make her £20,000 this year.

“It has changed my life in

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