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A gambler from Nevada lost $29 on a New Jersey internet gambling site, but the transactions cost a technology company $25,000. New Jersey regulators fined Gaming Innovation Group $25,000 for a flaw in its geolocation technology, which is designed to make sure people are within the state's borders before they can gamble. The state Division of Gaming Enforcement says the Malta-based company, which provides online gambling for Atlantic City's Hard Rock casino, had a technical vulnerability last summer.
WASHINGTON (AP) — At an Oval Office gathering earlier this year, President Donald Trump began touting his administration's new real estate investment program, which offers massive tax breaks to developers who invest in downtrodden American communities. He then turned to one of the plan's strongest supporters.
In a story Dec. 11 about an Opportunity Zone tax break promoted by Ivanka Trump and Jared Kushner, The Associated Press erroneously reported that the couple jointly own a stake in the real estate investment firm Cadre that is launching a series of Opportunity Zone funds. It clarifies that Kushner's stake of between $25 million and $50 million is in a holding company with an ownership stake in Cadre.
A healthy dose of job growth has long been seen as a likely cure for poverty. When such cities as Atlanta and Charlotte enjoyed a job surge in the 20 years that began in 1990, for example, the job gains mostly bypassed residents — often African-American — who had been born into poverty. "Job growth is not sufficient by itself to create upward mobility," Chetty said.