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Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave.

The directive is to change Twitter Blue, the company’s optional, $4.99 a month subscription that unlocks additional features, into a more expensive subscription that also verifies users, according to people familiar with the matter and internal correspondence seen by The Verge. Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription. Under the current plan, verified users would have 90 days to subscribe or lose their blue checkmark. Employees working on the project were told on Sunday that they need to meet a deadline of November 7th to launch the feature or they will be fired.

Musk has been clear in the months leading up to his acquisition that he wanted to revamp how Twitter verifies accounts and handles bots. On Sunday, he tweeted: “The whole verification process is being revamped right now.”

Platformer’s Casey Newton first reported that Twitter was considering charging for verification. A spokesperson for Twitter didn’t respond to a request for comment by press time.

Even though he is barely three days into being “Chief Twit,” Musk has moved quickly to make changes at Twitter, first by changing its homepage for logged out users. With the help of Tesla engineers he has brought into Twitter as advisors, he’s also planning mass layoffs aimed at middle managers and engineers who haven’t recently contributed to the code base. Those cuts are expected to begin this week with managers already creating lists of employees to cut. Employees tasked with executing projects of Musk’s since he took control Thursday evening have been working late into the night and over the weekend.

The Twitter Blue subscription launched widely almost a year ago as a way to view ad-free articles from some publishers and make other tweaks to the app, such as a different color home screen icon. In the few quarters that Twitter reported earnings as a public company after that debut, advertising remained the vast majority of its revenue. Musk is keen on growing subscriptions to become half of the company’s overall revenue.

https://www.theverge.com/2022/10/30/23431931/twitter-paid-verification-elon-musk-blue-monthly-subscription

Elon Musk is closing in on seizing Twitter as talks between the Tesla magnate and the tech giant enter their final stages, reports say.

The billionaire could take over the company as soon as this morning as the board reportedly looked set to accept his offer of $54.20 per share.

The tycoon's representatives were said to be hammering out terms including a timeline and fees if an agreement was signed and then fell apart.

The two sides were reportedly working into the early morning to finalize the fluid and fast-moving negotiations.

It comes a fortnight after Musk first sought to woo shareholders with his $54.20-per-share bid.

Representatives for Musk and Twitter met to discuss the prospective $43 billion sale Sunday, with the Wall Street Journal reporting that progress had been made.

It is unclear whether Musk himself attended those talks.

They come two days after he met privately with actively-managed funds which hold shares in Twitter, in a bid to convince them to take-up his offer.

The paper said there were still issues to hash out after Sunday's meeting, and that there was no guarantee a final deal would be reached.

Those issues are said to include what penalty Musk will pay should the deal fall apart before it is completed.

Twitter rebuffed Musk's initial April 14 offer after he did not offer information on how he'd buy the network.

The tycoon began to win over shareholders after revealing that he had secured financing with the help of Morgan Stanley, with half his stake in his car firm Tesla offered as collateral.

Twitter's share price has rocketed since news of Musk's purchase of 9.2 per cent of the firm and initial offer, from around $39-a-share to $48.93 when the markets closed Friday.

That is still below Musk's offer, which he has always insisted will be the only one he makes.

Musk, chief executive of electric car giant Tesla, has been meeting with Twitter shareholders in the last few days, seeking support for his bid.

He has said Twitter needs to be taken private to grow and become a genuine platform for free speech.

Earlier on Sunday, Musk had tweeted that he was 'moving on' to his more than 83 million followers, leaving many in the lurch as to what he was moving on from for several hours.

Musk eventually clarified the tweet was in reference to 'making fun of Gates for shorting Tesla while claiming to support climate change action,' and not moving on from takeover bid talks with Twitter.

https://i.dailymail.co.uk/1s/2022/04/25/05/57009125-10749927-image-a-10_1650861085809.jpg

https://www.dailymail.co.uk/news/article-10751017/Elon-Musk-seize-Twitter-TODAY-talks-reach-final-stages.html?ito=social-twitter_mailonline

Former Secretary of State Colin Powell has died due to complications from COVID.

He was 84 years old.

His family released a statement on Facebook saying: 'General Colin L. Powell, former U.S. Secretary of State and Chairman of the Joint Chiefs of Staff, passed away this morning due to complications from Covid 19.

'He was fully vaccinated. We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment.
'We have lost a remarkable and loving husband, father, grandfather and a great American.'
The four star general was the first black secretary of State.

He served under several Republican administrations – including for Ronald Reagan, George H. W. Bush and George W. Bush.

Also, from 1991-1993 he served as the Chairman of the Joint Chiefs of Staff for Bill Clinton after being appointed to the post by Bush Sr.

https://www.dailymail.co.uk/news/article-10103527/Colin-Powell-84-dies-complications-COVID.html

World University Rankings 2022
The Times Higher Education World University Rankings 2022 include more than 1,600 universities across 99 countries and territories, making them the largest and most diverse university rankings to date.

The table is based on 13 carefully calibrated performance indicators that measure an institution’s performance across four areas: teaching, research, knowledge transfer and international outlook.

This year’s ranking analysed more than 108 million citations across over 14.4 million research publications and included survey responses from almost 22,000 scholars globally. Overall, we collected over 430,000 datapoints from more than 2,100 institutions that submitted data.

Trusted worldwide by students, teachers, governments and industry experts, this year’s league table reveals how the Covid-19 pandemic has started to shift global higher education performance.

The University of Oxford tops the ranking for the sixth consecutive year, while mainland China has two institutions in the top 20 for the first time: Peking University and Tsinghua University share 16th place.

Institut Polytechnique de Paris is the highest new entry at 95th place, following a merger of five institutions.

The US is the most-represented country overall with 183 institutions, and also the most represented in the top 200 (57), although its share of universities in this elite group is falling.

Mainland China now has the joint fifth highest number of institutions in the top 200 (up from joint seventh last year), overtaking Canada and on a par with the Netherlands.

Six new countries feature in the table compared with last year: Azerbaijan, Ecuador, Ethiopia, Fiji, Palestine and Tanzania.

Harvard University tops the teaching pillar, while the University of Oxford tops the research pillar and Macau University of Science and Technology leads the international pillar.

Overall, 1,662 universities are ranked. A further 452 universities are listed with “reporter” status, meaning that they provided data but did not meet our eligibility criteria to receive a rank.

https://www.timeshighereducation.com/world-university-rankings/2022/world-ranking#!/page/0/length/25/sort_by/rank/sort_order/asc/cols/stats

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New York (CNN)New York prosecutors on Thursday charged the Trump Organization and its chief financial officer, Allen Weisselberg, with a 15-year alleged tax scheme that marked the first criminal case against the former President's namesake company.

An indictment unsealed Thursday by the Manhattan district attorney's office charged the company and an entity called Trump Payroll Corporation with 10 counts and Weisselberg with 15 felony counts in connection with an alleged scheme stretching back to 2005 "to compensate Weisselberg and other Trump Organization executives in a manner that was 'off the books.'"
They were charged with a scheme to defraud, conspiracy, criminal tax fraud, and falsifying business records. Weisselberg was also charged with grand larceny and offering a false instrument for filing.

rosecutors said Thursday their investigation is ongoing. The probe has delved into whether the Trump Organization misled lenders, insurers and tax authorities about the value of certain properties, the treatment of tax deductions as well as hush money payments to silence an alleged affair with Trump.

Thursday's indictment, which focused largely on Weisselberg, described an array of luxury perks he received from the company allegedly in lieu of compensation, including a Upper West Side apartment, a pair of Mercedes-Benz cars for him and his wife, and private school tuition for two family members whom CNN has reported are his grandchildren.
All told, the indictment alleged, Weisselberg evaded taxes on $1.76 million in income over a period beginning in 2005 and concealed for years that he was a resident of New York City, thereby avoiding paying city income taxes. Prosecutors alleged he evaded a total of more than $900,000 in federal, state and city taxes during this period, and received a total of $133,124 in state tax refunds "to which he was not entitled."
"The scheme was intended to allow certain employees to substantially understate their compensation from the Trump Organization, so that they could and did pay federal, state and local taxes in amounts that were significantly less than the amounts that should have been paid," the indictment said.

After entering a courtroom in New York Supreme Court Thursday afternoon in handcuffs, Weisselberg pleaded not guilty, and Justice Juan Merchan released him on his own recognizance, ordering him to turn in his passport.
Former President Donald Trump himself was not charged. Following the unsealing of the indictment, he blasted the charges in a statement, criticizing the investigation as led by two Democrats: Cyrus Vance Jr., the Manhattan district attorney, and Letitia James, the New York state attorney general.

"The political Witch Hunt by the Radical Left Democrats, with New York now taking over the assignment, continues. It is dividing our Country like never before!" Trump said.
In statements, the Trump Organization also characterized the prosecution as a political act and said Weisselberg was being used as a "pawn in a scorched-earth attempt to harm the former president."

The indictment of the Trump Organization is the product of more than two years of investigation by Vance, a probe that began with questions about accounting practices tied to hush-money payments made by former Trump lawyer Michael Cohen and eventually led to a Supreme Court fight over a subpoena for Trump's tax documents.
It is rare, according to lawyers who specialize in tax evasion cases, for prosecutors to bring charges solely related to fringe benefits provided by a company, and in recent weeks, lawyers for the Trump Organization met with prosecutors in Vance's office, hoping to persuade them not to bring the case.

Those efforts failed, and on Thursday, prosecutor Carey Dunne faulted the company for its behavior during the investigation, saying it had refused to comply with subpoenas and or allowed employees to speak to prosecutors outside of the grand jury.
"Contrary to defense assertions, there's no clearer example of a company that should be held to account," he told the judge.
Prosecutors said they have digital drives with grand jury testimony, bookkeeping records, tax records, and statements of potential witnesses.
Details of the indictment
The indictment described a detailed scheme to avoid paying taxes, with the company allegedly evading payroll taxes and Weisselberg sidestepping income taxes.
Weisselberg attempted to conceal his participation in the scheme with the knowledge of the company, prosecutors said.
According to the indictment, the company paid for rent, utilities and garage expenses on a Riverside Blvd. apartment Weisselberg and his wife occupy.

The indictment says the company maintained internal spreadsheets tracking the amounts it paid for Weisselberg's rent, utilities and garage expenses, and that it accordingly reduced the amount of direct compensation to account for the expenses it was paying for him. The company didn't withhold income taxes on the indirect compensation, and Weisselberg reported only his direct compensation on his tax returns, according to the indictment.
Though Weisselberg began living in the apartment rented by the company for him in 2005, he didn't say he was a New York City resident on his tax returns until 2013, when he sold his home in Wantagh, New York, thereby avoiding paying city income taxes, according to the indictment.
Between 2005 and 2017, the company gave Weisselberg approximately $1.17 million in untaxed income connected to rent and related expenses, prosecutors said.

Perks received by Weisselberg also allegedly included $359,058 in tuition expenses at Columbia Grammar & Preparatory School for two of his grandchildren, paid for by checks from Trump's account signed by Trump himself, and later from the Donald J. Trump revocable trust.
According to the indictment, the payments for Weisselberg's grandchildren were "indirect compensation" and were not included on Weisselberg's W-2 forms, and no income taxes were withheld by the Trump Organization or Trump Payroll Corp. in connection with the tuition payments.

https://edition.cnn.com/2021/07/01/politics/trump-organization-allen-weisselberg/index.html

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