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NEW YORK (AP) — "The Magic School Bus" has traveled everywhere from Pluto to inside the human body. Now it's going somewhere new: the big screen. Scholastic Entertainment said Thursday that it will make "a feature-length, live-action hybrid film" based on the animated TV show that ran from 1994 to 1997. Elizabeth Banks will play the manic science teacher Ms. Frizzle. "The Magic School Bus," adapted from a series of books written by Joanna Cole and illustrated by Bruce Degen, centers on a group of school children who board a yellow school bus for field trips to such unlikely places as outer space or the human digestive system. 641
NEW YORK, N.Y. — President Donald Trump's former political adviser Steve Bannon was arrested Thursday morning on charges that he and three others scammed many people who donated an online fundraising scheme called “We Build The Wall.”The charges were outlined in an indictment unsealed in Manhattan federal court.Federal prosecutors say Bannon and three others “orchestrated a scheme to defraud hundreds of thousands of donors" in connection with an online crowdfunding campaign that raised more than million to build a wall along the southern border of the U.S.Along with Bannon, the other three men arrested in the case are Brian Kolfage, Andrew Badolato, and Timothy Shea. They’re each charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering, both of which carry a maximum penalty of 20 years in prison.According to the indictment, the scheme started in December of 2018.To induce donors to donate to the campaign, court documents say Kolfage repeatedly and falsely assured the public that he would “not take a penny in salary or compensation” and that “100% of the funds raised . . . will be used in the execution of our mission and purpose” because, as Bannon publicly stated, “we’re a volunteer organization.”Those representations were reportedly false. In truth, prosecutors say Kolfage, Bannon, Badolato, and Shea received hundreds of thousands of dollars in donor funds from "We Build the Wall," which they each used in a manner inconsistent with the organization’s public representations.In particular, Kolfage is accused of covertly taking more than 0,000 in donations for his personal use, while Bannon allegedly used a non-profit organization under his control to receive over million from the campaign. Prosecutors say Bannon used at least some of that money to cover hundreds of thousands of dollars in personal expenses.To conceal the payments to Kolfage from "We Build the Wall," the men allegedly devised a scheme to route those payments from the campaign to Kolfage indirectly through a nonprofit and a shell company under Shea’s control, among other avenues.“They did so by using fake invoices and sham ‘vendor’ arrangements, among other ways, to ensure, as Kolfage noted in a text message to Badolato, that his pay arrangement remained ‘confidential’ and kept on a ‘need to know’ basis,” prosecutors say.Acting U.S. Attorney Audrey Strauss said: “As alleged, the defendants defrauded hundreds of thousands of donors, capitalizing on their interest in funding a border wall to raise millions of dollars, under the false pretense that all of that money would be spent on construction. While repeatedly assuring donors that Brian Kolfage, the founder and public face of We Build the Wall, would not be paid a cent, the defendants secretly schemed to pass hundreds of thousands of dollars to Kolfage, which he used to fund his lavish lifestyle. We thank the USPIS for their partnership in investigating this case, and we remain dedicated to rooting out and prosecuting fraud wherever we find it.” 3088
NEW YORK (AP) - "Pharma Bro" Martin Shkreli admitted that he was "very far from blameless" in a letter to a judge asking for leniency, according to court filings. 170
Nevada, Oregon and Washington have all agreed to join California in its plan to allow an independent group of health experts to review the safety and efficacy of any COVID-19 vaccines before they're approved for use in their states.Nevada Gov. Steve Sisolak, Oregon Gov. Kate Brown and Washington Gov. Jay Inslee — all of them Democrats — said Tuesday that they had agreed to join fellow Democrat, California Gov. Gavin Newsom, in subjecting any COVID-19 vaccines approved for emergency authorization use to further review by a panel of scientists and health experts.According to a press release from Sisolak's office, the group's goal is that the additional review would not cause a delay in the distribution of vaccines."When the time comes, Nevadans will be able to feel confident in the safety of the vaccine knowing that an independent review by experts across the West gave it their seal of approval," Sisolak said in a statement."The FDA has made public information about the data required for authorizing a vaccine. That, combined with two independent federal groups, and our own Western States review process, should give the public pretty high confidence on the safety and efficacy of a COVID-19 vaccine," Inslee said in a statement. "When a safe vaccine is available, Washington state is going to be ready to distribute it in a way that is equitable, efficient, and most importantly, safe."The announcement comes just over a week after Newsom said he was committed to further reviewing vaccines for safety after they have been approved by the FDA.That panel will now expand to include representatives from Washington, Oregon and Nevada.Most health experts believe several COVID-19 vaccines could be granted emergency approval by the end of the year. Should that timeline hold true, vaccines would be first distributed to essential workers and people in high-risk populations first and would then would be made available to the general public later in 2021.In contradiction with his top health experts, President Donald Trump has at points promised that a vaccine could be approved ahead of election day, raising fears that Trump administration officials may be rushing the process for political reasons.Nine drug companies have already signed a joint pledge, saying that they will not allow COVID-19 to be distributed if they're not proven to be safe.Polling from earlier this year indicates that about half of Americans would not take a COVID-19 vaccine should one be made available — well below the level health experts say the country needs to reach to control the virus. 2593
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic. Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. In a press release, the company said they were closing all of their plus-size stores Catherines.The company also said in the release that they plan to "strategically reduce its footprint with the closing of a significant number of Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores."It joins other retailers that have filed for bankruptcy in recent weeks, including Brooks Brothers, Neiman Marcus, J.C. Penney, and J. Crew. These retailers were already struggling with poor sales, but the forced closure of stores in March to reduce the spread of the coronavirus put them further in peril. Experts believe that there will be another wave of bankruptcies this fall that will include companies that had been healthy before the pandemic struck. 1076