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WILMINGTON, Del. — The revelation that federal prosecutors have launched a tax investigation into president-elect Joe Biden's son Hunter is now looming over the incoming administration's transition efforts.Reports Wednesday that federal authorities are investigating Hunter Biden's business in China is reviving distracting storylines and complicating the choice of an attorney general who would have to oversee a probe into Biden's son.The Associated Press has reported that Biden transition officials were considering nominating outgoing Sen. Doug Jones, D-Alabama, or Merrick Garland — President Barack Obama's nominee to replace Justice Antonin Scalia on the Supreme Court in 2016.But because Jones and Garland have longtime ties to Biden, the president-elect may choose to nominate someone else in the hopes of eliminating accusations of bias.President Donald Trump's initial public response was surprisingly muted, just a pair of tweets about a Fox News segment. But privately, he was demanding to know why the investigation was not revealed ahead of Election Day.Other Republicans, including possible presidential contenders, were anything but shy in piling on, questioning the integrity of the president-elect as well as his son. 1245

Winning nearly billion might cause some to be tempted to buy a fancy car or a huge mansion, but what if you could buy an entire professional sports franchise?If you hit the jackpot on Friday, that would be theoretically possible. The jackpot for Friday's Mega Millions is a lottery-record 0 million. As tickets are purchased, that jackpot figure could rise to close, if not more than, billion by Friday night's drawing. Assuming you did not have to pay taxes, what would 0 million get you in the professional sports world? According to Forbes, if you're looking for an NFL team, forget about it. The least valuable franchise in the NFL is the Buffalo Bills, which is worth .6 billion. Despite lackluster attendance in a small market, Buffalo, and similar markets such as Cleveland, Cincinnati and Tampa Bay benefit from revenue sharing and the league's hefty television rights package. It is a similar situation in the NBA, which has a valuable worldwide television audience. If Mega Millions climbs to billion, that would be just enough to purchase the New Orleans Pelicans. Despite their lack of recent success, the New York Knicks and the Los Angeles Lakers are the two most valuable franchises, according to Forbes. The Knicks are worth .6 billion, and the Lakers are valued at .3 billion. If you're looking to purchase a baseball franchise, your options are limited. The only team worth less than billion is Tampa Bay, which was valued by Forbes at 0 million. Six other teams are worth at or just above billion. In the NHL, you could afford to be picky. Out of 31 NHL teams, only four are worth more than billion. So unless you were hoping to purchase the Rangers, Maple Leafs, Canadiens or Blackhawks, you're in luck. NHL teams are valued less than NFL, MLB and NBA franchises due to its reliance on ticket sales and merchandise on revenues. Buying a soccer franchise in the US is a little more complicated. Although the most valuable team in the MLS is the Los Angeles Galaxy at 0 million, the league is considered a single entity. Instead of having individual owners, it has operator-investors. So theoretically you could purchase the rights to operate any MLS franchise you would like, the MLS technically would own the franchise. Of course one factor not considered is federal and state taxes, which would likely decrease winnings. But even in that case, purchasing an NHL or operating an MLS team is not impossible.  2531

When two Stanford economists, Bob Wilson and Paul Milgrom, won the 2020 Nobel Prize in Economic Sciences, it was announced very early in the morning Pacific time. So early, that one of the men didn’t pick up their phone and was told about the award through his security camera.“Paul, it’s Bob Wilson. You’ve won the Nobel Prize, and they’re trying to reach you,” Wilson said to his co-recipient through the front door camera around 2 a.m. PT.Milgrom responds, “Wow, yeah, OK.” 484

White House officials and House Democrats said Friday they’re no closer to a deal with on a stimulus package, a week after extended unemployment benefits expired.While the White House said they believe a compromise can be made on some issues, the two sides remain far apart on funding state and local governments. Many states and municipalities are struggling due to decreased revenues and increased costs amid the pandemic.There is also disagreement among the parties, including Senate Republicans, on unemployment supplements as unemployment figures remain over 10%. From April into July, unemployed workers received an additional 0 unemployment supplement on top of standard unemployment benefits. But many Republicans grumbled that the supplement gave incentive for workers to stay home amid the pandemic.Generally, however, if an employer calls an employee back to work, they're no longer eligible for unemployment benefits.Treasury Secretary Steven Mnuchin told reporters on Capitol Hill Friday that he is going to recommend executive orders addressing student loan payments, evictions and unemployment supplements. Currently, federal student loan payments are frozen into October. Also, protection ended last week on evictions.President Donald Trump told reporters late Friday that he plans on signing the order "by the end of the week." But Trump said he expects there will be legal challenges to his order. Mnuchin and White House Chief of Staff Mark Meadows said that there is broad agreement on some issues, such as funding for schools to safely operate amid the pandemic. Previously, the sides also said there is agreement on providing Americans with ,200 stimulus checks for the second time this year. But Mnuchin and Meadows pointed the finger at House Democrats for not compromising on the unresolved issues.“Just to hear the comments from Senator Schumer and Speaker Pelosi saying they “want a deal” when behind closed doors, their actions do not indicate the same thing,” Meadows said.Meanwhile, Democrats pointed the finger back at the White House for not reaching a compromise.While the White House suggested that it would be okay with a partial stimulus package, Democrats are calling for a more comprehensive bill.“We’re asking them to be fair, to meet us in the middle, not to have a my way or the highway attitude, which they seem to have,” Senate Minority Leader Chuck Schumer said. “We can really get this done, because there are some areas where we didn’t come to an agreement on many things, but we narrowed our differences.”Both the House and Senate have adjourned for the weekend. 2622

With election day looming, the candidates vying to replace Duncan Hunter in East County's 50th Congressional District say they are leaving no stone uncovered.The race is pitting Republican Darrell Issa against Democrat Ammar Campa-Najjar. The two want to fill the seat Hunter vacated in January, when he resigned after pleading guilty to one felony campaign fraud charge. Campa-Najjar narrowly lost to a then-indicted Hunter in 2018 and is running again in 2020."The whole district, we're just going to be traveling across town, meeting people at local diners and saying 'hey, I'm here for you,'" Campa-Najjar said Monday. Issa represented coastal North County's 49th for nearly two decades. In 2018, he decided not to run for re-election as that district shifted blue. This year, however, Issa launched a campaign for the seat in the 50th after Hunter resigned. The district comprises much of East County, and stretches into south Riverside County. It is the only district in San Diego County in which Republicans outnumber Democrats. Issa said his campaign made 10,000 calls Sunday and knocked on more than 1,500 doors. He said if he is elected to Congress, he'd use his experience to help move the country forward. "Many of my Republican and Democratic friends are coming back after two years of very little progress and a lot of hostility," he said. "I'm hoping to get past that with people I have a working relationship with and get some things done."After months of polling showing the two neck-and-neck, an Oct. 27 ABC-10 Union-Tribune poll showed Issa with an 11 point lead over Campa-Najjar. Thad Kousser, a political scientist at UC San Diego, said, however, that Tuesday's early results could show Campa-Najjar starting in the lead due to increasingly Democratic early voting."Things are going to look good for Ammar Campa-Najjar by 8:05, 8:15, the next set of returns that come in are going to be the ones between 9 and 10:30 that will come from polling places," he said. noting that could be as much as a 10 or 15 point swing for Issa, until the rest of the balance come in. 2096