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Scott Bessent says U.S. will not enter recession despite some sectors showing warning signs

admin - Latest News - November 23, 2025
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In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent says that while he does see economic struggles in housing and that interest rate sensitive-sectors are in recession, he remains “optimistic” about the U.S. economy in 2026.



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Savewith a NBCUniversal ProfileCreate your free profile or log in to save this articleNov. 23, 2025, 10:10 AM ESTBy Freddie ClaytonEven as the Titanic slipped beneath the icy North Atlantic, one story of devotion survived the disaster — and now it has made history at auction.A gold pocket watch that once ticked on the wrist of first-class passenger Isidor Straus, who drowned alongside his wife Ida, has sold for a record-breaking £1.78 million ($2.32 million). It is the highest price ever paid for Titanic memorabilia, auctioneers said.The 18-carat Jules Jurgensen watch, engraved and given to Straus for his 43rd birthday in 1888 — the same year he became a partner in New York’s iconic department store Macy’s — was recovered from his body after the ship sank on its maiden voyage in April 1912.The couple, played by Lew Palter and Elsa Raven in James Cameron’s 1997 film “Titanic,” refused to separate in their final moments and were last seen by witnesses arm in arm on the deck of the sinking ship.The watch of Isidor Straus, recovered from his body after the sinking of the Titanic in 1912.Handout / Henry Aldridge & Son AuctioneersStraus had been offered a seat on a lifeboat due to his age, but he insisted that other men go first. Ida Straus refused to leave his side. They were among the very few first-class passengers to perish in the disaster that claimed 1,500 lives.The watch remained in the Straus family for more than a century before being sold at Henry Aldridge & Son Auctioneers in the British town of Devizes.Other Titanic treasures auctioned off on Saturday include a letter written by Ida Straus aboard the Titanic, a passenger list and a gold medal awarded to the RMS Carpathia’s crew by survivors, with the auction bringing in a total of £3 million ($3.92 million) on Saturday.“Every man, woman and child had a story,” auctioneer Andrew Aldridge told NBC News on Sunday. “And we’re retelling those stories 113 years later.”The Strauses, in particular, “have been dramatized in every Titanic movie that’s been made,” he added, calling theirs an “incredible love story.””Obviously you’re looking at what the object is,” he said. “But one of the most crucial elements to their value is who they belong to.”The previous record was set last year when another gold pocket watch, presented to the captain of a boat that rescued more than 700 passengers from the liner, sold for £1.56 million.Isidor Straus, born in 1845 into a Jewish family in Otterberg, Bavaria, emigrated to the United States in 1854. The couple was traveling home from a trip when they boarded the doomed Titanic in Southampton, heading for New York.Freddie ClaytonFreddie Clayton is a freelance journalist based in London. 
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Oct. 23, 2025, 9:52 PM EDTBy Tim StellohA sprawling pair of indictments announced by federal prosecutors in New York on Thursday detailed illegal gambling allegations that involved dozens of people in 11 states, including Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier.Prosecutors linked one of the alleged schemes — which involved rigged poker games and was dubbed “Operation Royal Flush” — to several of New York City’s organized crime families.“One of the most brazen sports corruption schemes since online sports betting became widely legalized in the United States,” is how a federal prosecutor described the other alleged conspiracy.Here’s what we know.’Operation Nothing But Bet’ In “Operation Nothing But Bet,” federal prosecutors accused six people, including Rozier, of exploiting confidential information about NBA basketball players and teams, U.S. Attorney Joseph Nocella Jr. of the Eastern District of New York said at a news conference.In one example, prosecutors accused Rozier — who at the time played for the Charlotte Hornets — of planning to prematurely remove himself from a 2023 game against the New Orleans Pelicans because of a supposed injury.According to the indictment, Rozier provided that information to a friend, who sold the tip and gave others a chance to “place fraudulent wagers based on the non-public information.” Rozier played only nine minutes and 34 seconds — and the bets raked in thousands of dollars, prosecutors allege.Rozier was arrested Thursday on charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, according to the indictment. He was placed on immediate leave by the NBA.Rozier’s attorney accused authorities of wanting to embarrass a professional athlete with a “perp walk” and said: “Terry is not a gambler, but he is not afraid of a fight, and he looks forward to winning this fight.”Prosecutors also accused Damon Jones, a former NBA guard, of selling information about a prominent player’s injury while working as an unofficial assistant coach for the Los Angeles Lakers. Jones was arrested in Las Vegas on the same conspiracy charges as Rozier and on charges linked to the poker case. It wasn’t immediately clear if Jones has an attorney to speak on his behalf. Messages left on a phone number believed to belong to him were not returned.’Operation Royal Flush’ According to prosecutors, the defendants accused in “Operation Royal Flush” used a series of high-tech devices to rig poker games — an X-ray table that could read cards face down; electronic chip trays that secretly recorded cards with hidden cameras; and playing cards with markers visible only to players wearing special contact lenses or sunglasses.The scheme was allegedly used at “straight tables” from New York City to Las Vegas beginning in 2019, prosecutors said, and it was carried out with the support and protection of the Mafia, including the Bonanno, Gambino, Genovese and Lucchese organized crime families. Prosecutors identified Billups as a “Face Card” in the scheme — a high-profile figure used to attract gamblers — which they said raked in more than $7 million in six years.Billups, who began coaching the Trail Blazers in 2021 after playing in the NBA for 17 years, made his initial appearance in federal district court in Portland on Thursday on charges of wire fraud and money laundering, court records show. He was released and ordered to appear in New York’s Eastern District, where the charges were filed, on Nov. 24.Billups was placed on immediate leave by the NBA. His attorney did not immediately respond to a request for comment.What do the teams and the NBA say?In a statement Thursday, the NBA said that it is reviewing the indictments and that Rozier and Billups were placed on immediate leave.”We will continue to cooperate with the relevant authorities,” the league said. “We take these allegations with the utmost seriousness, and the integrity of our game remains our top priority.”The Trail Blazers said they are fully cooperating with the investigation. An assistant, Tiago Splitter, was named interim head coach, the team said in a statement.The Miami Heat did not respond to a request for comment.Tim StellohTim Stelloh is a breaking news reporter for NBC News Digital.
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