The Daily Populous

Wednesday February 17th, 2021 morning edition

image for Citibank can't get back $500 million it wired by mistake, judge rules

Citibank, which was acting as Revlon's loan agent, meant to send about $8 million in interest payments to the cosmetic company's lenders.

Instead, Citibank accidentally wired almost 100 times that amount, including $175 million to a hedge fund .

Citibank filed a lawsuit in August seeking the return of its funds, but it still has not received $500 million from 10 investment advisory firms after the accidental transfer.

If the beneficiary is entitled to the money and did not know it was accidentally wired, they can keep it.

After all, the money accidentally wired was the exact amount "to the penny" Citibank owed them, although the loan wasn't set to mature for quite some time.

"We are extremely pleased with Judge [Jesse] Furman's thoughtful, thorough and detailed decision," said Benjamin Finestone, who represented two lenders, Brigade and HPS Investment Partners.

We believe we are entitled to the funds and will continue to pursue a complete recovery of them," Citigroup said in a statement. »

30 Taliban militants killed in explosion during bomb-making class

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At least 30 Taliban militants have died in Afghanistan after they blew themselves up during a bomb-making class.

The blast happened on Saturday morning at a mosque in the village of Qultaq in the Dowlatabad district of Balkh province.

Taliban spokesman Zabihullah Mujahid immediately tweeted a denial, saying Afghan government forces were defeated in the fighting in Ghazni. »

Bill Gates says rich countries should be eating 100% synthetic beef

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Bill Gates is arguing that the world’s wealthiest countries should ditch beef for plant-based alternatives to fight global climate change, in a recent interview with MIT Technology Review.

While he explained the "80 poorest countries" still must rely on real meat consumption, the Microsoft co-founder says the future should be plant-based for developed countries.

"I do think all rich countries should move to 100% synthetic beef. »

Changes to LastPass Free

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We’re making changes to how Free users access LastPass across device types.

), but she can’t use LastPass on her phone, tablet, or smart watch unless she upgrades to LastPass Premium, which has unlimited device type access.

Whether you continue using LastPass Free on one device type, or across all your devices types with LastPass Premium, we’re committed to offering you a best-in-class password management experience. »