Eight of the world's wealthiest people attended President Donald Trump's first state dinner last night along with his French counterpart, Emmanuel Macron. Five of them -- LVMH Chairman Bernard Arnault, media mogul Rupert Murdoch, Blackstone Chief Executive Officer Steve Schwarzman, leveraged-buyout tycoon Henry Kravis and Federal Express founder Fred Smith -- have a combined net worth exceeding $114 billion, according to the Bloomberg Billionaires Index. Other billionaires present were Carlyle co-founder David Rubenstein, cosmetics heir Ron Lauder and Trump himself, all with fortunes below the $4 billion cutoff for the ranking of the world's 500 richest people. read more
The U.S. government is conducting an intensive examination of alleged atrocities against Myanmar's Rohingya Muslims, documenting accusations of murder, rape, beatings and other possible offenses in an investigation that could be used to prosecute Myanmar's military for crimes against humanity, U.S. officials told Reuters. The undertaking, led by the State Department, has involved more than a thousand interviews of Rohingya men and women in refugee camps in neighboring Bangladesh, where almost 700,000 Rohingya have fled after a military crackdown last year in Myanmar's northwestern Rakhine State, two U.S. officials said. The work is modeled on a U.S. forensic investigation of mass atrocities in Sudan's Darfur region in 2004, which led to a U.S. declaration of genocide that culminated in economic sanctions against the Sudanese government. read more
The Federal Jobs Guarantee Development Act, announced by [Sen. Cory] Booker on Friday, would establish a three-year pilot program in which the Department of Labor would select up to 15 local areas (defined in the bill as any political subdivision of a state, like a city or a county, or a group of cities and counties) and offer that area funding so that every adult living there is guaranteed a job paying at least $15 an hour (or the prevailing wage for the job in question, whichever's higher) and offering paid family/sick leave and health benefits. The idea of a government job guarantee ensuring all adults who want employment get it has a long history in American politics, but it has gained popularity as the Democratic Party has sought to embrace bigger and more ambitious economic policies in the wake of the 2016 election. read more
Federal immigration officials arrested 225 people in a sweeping six-day raid in the five boroughs and surrounding counties, officials said. Operation Keep Safe, as the Immigration and Customs Enforcement agency called it, netted 163 people in the city between April 9 through April 14 -- 45 of whom had no outstanding criminal issue.
Harley-Davidson Inc.'s chief executive officer said he made the decision to build a plant in Thailand when it was clear the U.S. would abandon the Trans-Pacific Partnership, the free-trade agreement President Donald Trump withdrew from last year. The motorcycle maker's decision was the "Plan B" that Harley turned to after the U.S. abandoned the trade pact with a bloc of 11 countries mostly in Asia, CEO Matt Levatich said in a phone interview.