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The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, Reuters reported quoting a source. The development, which signals the investigation may be nearing a conclusion, is the latest salvo in a year-long public feud between the top U.S. markets regulator and the world's richest man, as per a Reuters report. Musk on Thursday posted on X a copy of a letter sent by his lawyer to SEC Chair Gary Gensler saying the agency had given Musk 48 hours to agree to pay a penalty to settle the probe or face civil charges, and demanding to know whether Gensler was personally behind the development. Elon Musk's Twitter Venture The SEC has been investigating whether Musk broke securities laws in 2022 when he bought stock in Twitter, which Musk subsequently renamed X, as well as statements and filings he made in relation to the deal, previous disclosures show. According to the source, the agency has been probing Musk's SEC filing disclosing his Twitter share purchases, which was at least 10 days late, and whether he intended to benefit from that delay, which some academics have estimated saved Musk over $140 million. As part of the probe, the agency had asked a federal court to compel Musk to testify after the billionaire failed to show up to agreed depositions. 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A spokesperson with the SEC's public affairs office declined to comment. Musk's lawyer did not respond immediately to calls for comment. 48-Hour Deadline The SEC commonly tries to resolve probes through settlements rather than suing a defendant, but the initial 48-hour deadline was unusually tight, legal experts told Reuters. If Musk fails to respond, the SEC will likely proceed through a "Wells" notification process, a formal step in which the SEC outlines potential charges and allows Musk to respond, the source said. The Thursday letter Musk shared on X, which was signed by his attorney Alex Spiro, said the SEC has also reopened an investigation into Musk's brain-chip startup Neuralink. Neuralink did not respond to requests for comment. The nature of that inquiry is not clear, but U.S. lawmakers and animal-rights advocates have pressed the SEC to scrutinize comments Musk has made about the safety of Neuralink's implants. SEC After Elon Musk Since 2018 The SEC first sued Musk in 2018 during President-elect Donald Trump's first term, accusing him of breaking the law when he posted on social media that he had "funding secured" to take his electric carmaker Tesla private when the SEC found he had not. Despite ultimately settling and agreeing to an unusual arrangement requiring some of his posts to be vetted by an attorney, Musk subsequently disputed the SEC's findings in that case and has over the years accused the agency of harassment - claims Spiro reiterated in his Thursday letter. A major backer of Trump, Musk in the new administration will co-lead the new Department of Government Efficiency tasked with cutting government costs, potentially giving him some power over the SEC's workings. In his letter, Spiro intimated the SEC's bid to advance the probe may have been politically motivated. "We demand to know who directed these actions - whether it was you or the White House," Spiro wrote in the letter. But the source argued that failing to pursue what the SEC believes is a securities violation by Musk would in fact be the political move. FAQs What is new name of Twitter? New name of Twitter is 'X'. Who is owner of 'X'? Elon Musk is owner of 'X'. (You can now subscribe to our Economic Times WhatsApp channel )Crossnore Communities for Children is the recipient of a combined $5.55 million in financial commitments that will allow the Winston-Salem nonprofit group to expand statewide its professional foster parenting model known as Bridging Families. The Leon Levine Foundation is providing a $3.75 million grant, while the latest in a series of funding from the state Department of Health and Human Services comes in the form of a two-year, $1.8 million contract. Brett Loftis, Crossnore’s chief executive, said there are about 12,000 children in foster care in North Carolina. Crossnore has locations in Winston-Salem, Avery County, Hendersonville and, eventually, the metropolitan area around Charlotte. Crossnore’s Winston-Salem campus serves about 100 foster children. About 60 of them live on the Reynolda Road campus. Children typically are placed into temporary foster care because their homes are unsafe or because their families provide inadequate care. People are also reading... They can come from families who face alcohol or drug addiction, homelessness or possibly a grave illness. While in foster care, children receive professional mental health services, medical services, case management and educational assistance. Crossnore launched the Bridging Families model in 2021 with 10 affiliated homes as of March. The purpose of Bridging Families is to “address North Carolina’s current child welfare crisis by providing innovative, purpose-driven care for children and their families.” With the DHHS contract, the state has adopted Bridging Families as the state’s model for professional foster parenting. “This innovative model of care, utilizing professional foster parents, could change the face of foster care in our state,” Loftis said. “It moves beyond a volunteer-based foster parent system and completely reimagines how families whose children have been removed experience the foster care system. “Bridging Families alleviates many structural barriers of the current child welfare system, focusing on shared parenting, collaboration, quality time as a family, resource networking, and accelerated reunification,” Loftis said. “It also addresses a critical need for sibling groups, who are at risk of being separated if placed in traditional foster homes.” In Bridging Families, foster parents are salaried organization employees whose sole responsibilities are parenting the children in their care. “Bridging Families’ support for birth parents is increasing the chance that children in foster care can return home,” Katheryn Northington, a Crossnore board trustee, said in a March opinion article in the Winston-Salem Journal. Northington said the program shortens the length of time children stay in foster care, reducing the number of placements and the number of foster parents needed by the system.” “Instead of having to work outside the home, foster parenting is their work,” Northington said. “It also calls on foster parents to assist birth parents working to meet the conditions for reunification.” “Bridging Families supports the ultimate goal of foster care — to help families be stronger and healthier and live together again,” said Susan Osborne, NCDHHS Deputy Secretary for Opportunity and Well-Being. “This program, specializing in reunification of sibling groups, partners with families providing the supports they need so children can be reunified safely with their family as soon as possible.” To find out more about Bridging Families, go to crossnore.org/bridging-families . The grant and the DHHS contract are the latest in a series of financial contributions to Crossnore. In May, Crossnore received the largest gift — a $5 million anonymous pledge — in its more than 110-year history. The anonymous gift also enables Crossnore to secure an additional $3 million in matching funds for its charter school. The gift will be directed toward its $41 million The Promise of Home comprehensive campaign, specifically toward a charter school in Winston-Salem. The campaign is Crossnore’s first as a multi-campus organization. It is designed to provide support for its existing locations, as well as future efforts in the Metrolina region. The target date is August 2025 for opening the Crossnore charter school in the Edwards Building for kindergarten through fourth grade. Middle school building renovations will likely begin the following year, with plans to achieve full capacity for K-8th grade by August 2028. It expects to eventually reach an enrollment of 180 students. Loftis said more foster children than ever are dealing with trauma that might include abuse and neglect. The new charter school will specialize in helping children dealing with such trauma, with a staff trained in providing a healing environment, he said. The three main campaign components are: * $19.5 million for sustaining and strengthening Crossnore’s everyday systems and operations through investments in donor engagement, scholarships, technology, safety, transportation and diversity. * $12.75 million for renovation, new construction and re-purposing of buildings and other physical properties of Crossnore in Winston-Salem, Avery County and Hendersonville; * $8.75 million toward expansion and bolstering of Crossnore’s programs and services. Rep. Jeff Zenger, R-Forsyth, filed House Bill 950 on May 1, which would commit up to a $5 million grant for Crossnore to help address the foster care crisis in the state. However, the bill was not heard in committee. In May, Crossnore received a $4 million grant from the federal Substance Abuse and Mental Health Services Administration for its Center for Trauma Resilient Communities initiative. The funds come from the ReCast: Resiliency in Communities after Stress and Trauma grant program. Crossnore said the grant will support a four-year project titled We Heal Together, which utilizes a community-driven “resilience framework” to mitigate the impact of trauma and violence that continues to afflict the East Winston community. The nonprofit said the grant could assist up to 1,200 residents with services. In March, DHHS awarded a contract to Crossnore to expand its Homebuilders services in a 15-county region that includes all of the Triad. The Homebuilders initiative involves an evidence-based intensive family preservation service, working with children who are at highest risk of entering or reentering the foster care system. The program debuted in October 2021 in Davidson, Forsyth, Guilford and Surry counties. The other participating counties are Alamance, Caswell, Chatham, Davie, Durham, Orange, Person, Randolph, Rockingham, Stokes and Yadkin. The goal is to remove the risk of harm to the child, instead of removing the child. Program staff work within a family’s home roughly 10 hours each week, three to five days per week, to reduce or remove risk factors and improve child safety to ensure children can stay safely at home with their family of origin. rcraver@wsjournal.com 336-727-7376 @rcraverWSJ Get local news delivered to your inbox! {{description}} Email notifications are only sent once a day, and only if there are new matching items.
Hallmark continues to expand on their slate of Hanukkah films with their latest new addition, Hanukkah on the Rocks . This romantic-comedy stars Degrassi ‘s Stacey Farber and The Secret Life of The American Teenager ‘s Daren Kagasoff as two adults feeling lost in life just a week before Hanukkah. Luckily, they both end up finding some solace and purpose in a Chicago bar called Rocky’s, as well as its staff, patrons, and Hanukkah celebrations. But even as the holiday brings the two closer, they ‘ re unsure of the road ahead as the futures they’d planned clash with the new ones they inspire each other to chase. HANUKKAH ON THE ROCKS : STREAM IT OR SKIP IT? The Gist: Tory (Stacey Farber) is a driven workaholic who has always been fully committed to her job as a corporate lawyer in Chicago. But when she’s the casualty of a mass layoff, she’s left feeling both unsure and free for the first time since she began her job. Although Tory’s main, and seemingly only, social engagement is her grandma, Francis, AKA Bubby (Marina Stephenson Kerr), she resolves to keep her new unemployed status a secret from both her Bubby and parents who sacrificed so much to help her achieve her dreams. Tory only confides in her sister, Becca (Cora Matheson), who she’s finally able to spend more time with now that her demanding job isn’t weighing her down. With all of this free time on her hands, Tory is also able to spend more time with her Bubby, who soon sends her on a mission to purchase a specific brand of Hanukkah candles. But when just one store seems to have them in stock, she ends up squabbling with a Florida-based radiologist named Jay (Daren Kagasoff) over the last box. Jay ends up victorious, and she ends up following him to Rocky’s, an Old Town neighborhood dive bar with amazing annual Hanukkah celebrations and an even better cast of characters to welcome her in. In addition to Jay’s grandfather, a lovable longtime Rocky’s patron named Sam ( Double Dare ‘s own Marc Summers!!), there’s also the cook, Lottie (Lauren Cochrane), server Stacy-Lynn (Verity Marks), and aspiring novelist Anthony (Dan De Jaeger). Together, they form a warm community that welcomes Tory with open arms, especially after their bartender suddenly leaves for a romantic last-minute getaway to Cabo, leaving Tory to unexpectedly step in. Drawing on her stint as a bartender in college, as well as her innate love for helping others, Tory ends up being so good as the job that the folks at Rocky’s keep having her back throughout all of Hanukkah. At the same time, Jay, who only came to Chicago to convince Sam to move down to Florida with him and his parents, begins to see that maybe he’s the one who needs to consider moving... Especially as he and Tory start seriously falling for one another. Is there a way for Tory and Jay to make their budding romance work when they still have so many uncertainties in each of their own lives? And does Rocky’s (and its mysterious owner) hold the key to help them unlock the place they’re truly meant to be? What Movies Will It Remind You Of?: Hanukkah on the Rocks might remind you of the 2022 Hallmark Hanukkah movie, Hanukkah on Rye , and not just because of their similar titles. Julie Sherman Wolfe actually wrote both films, which each showcase Jewish holiday foods and traditions in their own way. The warm neighborhood pub vibe may also remind you of the beloved sitcom Cheers , especially considering both titles feature a bar owner named Sam. Performance Worth Watching: Lauren Cochrane is very natural and brings a great energy as Lottie. She’s a bit of a scene stealer thanks to her effortless charm and humor. Marina Stephenson Kerr is also pretty lovable and delightfully sassy as Bubby/Francis. Memorable Dialogue: Jay, while donning a gaudy pair of Hanukkah glasses at the Party Store: “I think these sunglasses were designed by Elton John Berkowitz.” Honorable mentions for Bubby’s lines “At least my granddaughter has a job!” and “I’m no snitch.” Now that’s the kind of person you want to have in your corner! A Holiday Tradition: Every year, Sam’s late wife, Celia, would throw incredible Hanukkah celebrations at her favorite bar, Rocky’s, a tradition he still attempts to keep alive even after she’s gone. Does the Title Make Any Sense?: Hanukkah on the Rocks absolutely makes sense. Not only does the story mostly revolve around a bar called Rocky’s, but Tory also creates a seasonal cocktail that’s dubbed a “Hanukkah on the Rocks” which also becomes the business’s new temporary name, so yeah, the title is pretty fitting! Our Take: Although it has been trying to diversify its filmography slowly but surely over the past few years, Hallmark still doesn’t have many Hanukkah movies. With that in mind, I think that the mere existence of this movie is a win for representation, and the writing also shows that care, research, and personal experience went into the portrayal of this Hanukkah story. Especially coming to this movie as someone who was raised Christian, there are plenty of things that may have felt unfamiliar, but that didn’t mean that as a viewer, I cared about them any less. After all, at the heart of Hanukkah on the Rocks is a story about community, tradition, and family, things that anyone can relate to. You don’t have to be Jewish to enjoy watching the festivities because both the characters at Rocky’s and the movie itself welcome everyone in with open arms. That being said, there are some critiques and gripes that I think viewers of any religion or creed could likely agree upon. First of all, it’s a bit ridiculous to suggest that there would be only one box of a specific Hanukkah candle in a city as big and diverse as Chicago, but hey, that’s just Hallmark movies for you, so we can give it a pass. However, a major part of any Hallmark movie tends to be the romance, and the one here between Tory and Jay was just okay. They had some genuinely enjoyable moments of interaction and chemistry, but these were weighed down by some especially cheesy moments and the somewhat two-dimensional nature of the characters, themselves. You’re telling me that Tory has lived in Chicago her entire life and has zero friends besides her Bubby? I know she’s a workaholic but that seems impossible! But I guess if she didn’t have time for her sister and nephew, she really didn’t have time for any friends, which is a bummer. Really, I just wish the characters were a little more fleshed out so they could feel a bit more real and therefore easier to invest in and connect to. Ultimately, the ensemble nature of this movie as well as the focus on celebrating Jewish culture and traditions help to make it feel worth watching for viewers of all backgrounds. I’m glad to see Hallmark go for something outside of their usual Christmas story, and I hope that they will continue to do so in the years ahead! Our Call: I wouldn’t say that Hanukkah on the Rocks is the most memorable or moving new holiday title streaming this year. Still, we can always use a new Hanukkah movie, especially one with as much genuine care for the traditions and spirit as this one seems to have. It’s just a nice and easy seasonal watch. STREAM IT for Bubby!