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☆ Miss Teen USA UmaSofia Srivastava steps down just days after Miss USA’s resignation
▼ + stars: | 2024-05-09 | by ( Christy Choi | ) edition.cnn.com time to read: +4 min

CNN —Miss Teen USA resigned Wednesday, sending further shock waves through the pageant community just days after Miss USA said she would relinquish her crown. In an Instagram post Wednesday, Miss Teen USA UmaSofia Srivastava said her “personal values no longer fully align with the direction of the organization.”“After months of grappling with this decision, I have made the choice to resign from the title of Miss Teen USA 2023,” wrote Srivastava in a statement on her personal account. Srivastava and the Miss Universe and Miss USA organizations did not immediately respond to CNN’s requests for comment. Voigt recently resigned from her Miss USA title. On Monday, Noelia Voigt stepped down from her Miss USA title, citing her mental health.

Persons: Miss Teen USA UmaSofia Srivastava, ” “, ”, Srivastava, “, Noelia Voigt, Voigt, Hector Vivas, Claudia Michelle, Michelle Organizations: CNN, Miss Teen USA, Miss USA, Miss Teen, New Jersey, National Honor Society, Miss, 72nd Miss, El, Miss USA Organization, USA Locations: New, Miss USA, El Salvador, Venezuelan American, Utah, United States

☆ The 5 best and 5 worst Dua Lipa songs of all time
▼ + stars: | 2024-05-09 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: 1 min

"Houdini" is the best song from "Radical Optimism." Dua Lipa/YouTubeLipa has a knack for selecting lead singles for her albums, and the "Radical Optimism" era is no exception. Coproduced by Kevin Parker and Danny L Harle, "Houdini" is an irresistible dancefloor anthem that's sure to stand the test of time. Song highlight: "Catch me or I go, Houdini" is such a brilliantly succinct pop hook that I can't believe it didn't exist until 2023. If you like this, listen to: "Illusion," "Whatcha Doing," "Happy for You"

Persons: YouTube Lipa, Kevin Parker, Danny L Harle, Stefon, Harle that's, Houdini Organizations: YouTube, New, New York City Locations: Dua Lipa, New York

☆ Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
▼ + stars: | 2024-05-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewWarren Buffett let slip a slew of intriguing facts and anecdotes during Berkshire Hathaway's annual shareholder meeting on Saturday. But the Berkshire CEO also warned of higher taxes, teased a potential Canadian investment, and revealed a $500 million gift of Berkshire stock. Cash hoardBerkshire's mountain of cash and Treasury hit a record $189 billion last quarter, and it's likely to swell to more than $200 billion this quarter, Buffett said. Taxing timesThe government will probably raise taxes in the coming years in a bid to balance its budget, Buffett said. Pocket changeBuffett claimed that if he had only $1 million to invest instead of nearly $200 billion, he could earn a 50% annual return.

Persons: —, Warren Buffett, Buffett, he'd, Costco Buffett, Charlie Munger, Charlie, Talia Lakritz, he's, Todd Combs, Ted Weschler, Greg Abel, Greg, Munger, Abel, haven't, Ruth Gottesman, Sandy Gottesman, Brent N, Clarke, Garry Kasparov, Kasparov, B Organizations: Service, Paramount, Business, Treasury, Costco, Albert Einstein College of Medicine, Getty, Berkshire, Nebraska Furniture Locations: Berkshire, Russian, Omaha, Costco . Berkshire, Wisconsin, Canada, Nebraska

☆ Americans are shopping less but they’re still spending on flights, hotels and Disneyland
▼ + stars: | 2024-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel. Other key players in the travel industry have reported a similar trend this earnings season. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. They’ve even become frugal with some experience-based spending like dining out, opting instead to eat at home. “We saw a healthy but more normalized market environment for travel globally,” CEO Peter Kern told analysts on May 2.

Persons: they’re, ”, Hugh Johnston, it’s, Ed Bastian, Kathleen Oberg, “, Peter Kern, ” FTX, FTX, Sam Bankman, Fried, Olesya Dmitracova, Read, Tesla, Anna Cooban, André, Elon Musk’s Organizations: CNN Business, Bell, New York CNN, Delta Air, ” United Airlines, Marriott International, Marriott, Disney, Expedia Group, Alameda Research, CNN, RTL Locations: New York, Hong Kong, California, Florida, Alameda, Berlin, Germany, Europe

☆ 3 ways Indeed is leveraging AI to help bridge the gap between hiring managers and job seekers
▼ + stars: | 2024-05-08 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

Here are three ways Smart Sourcing can help you hire smarter and faster. "As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time," Kudrikow said. Matches are based on three things: The keyword relevancy of your job post, job seekers' resumes, job seekers' search activity on Indeed, and how recently job seekers have been on the site. With a Professional Subscription, hiring managers gain the ability to automate post-outreach and follow-up with custom reminder messages. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.

Persons: Allison McLellan, Harris Poll1, Jason Kudrikow, Harris, Smart Sourcing's, Kudrikow, you've, Kudikrow Organizations: Smart, Universal Health Services, UHS, Employers, Insider Studios, . Survey Locations: Puerto Rico, United States

☆ Shopify says AI has helped keep its head count flat
▼ + stars: | 2024-05-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify executives said during the company's first-quarter earnings call on Wednesday that its head count has stayed flat for the past three quarters and that using AI has been a major contributing factor. Shopify has been touting its "new shape" since it sold its logistics business and laid off 20% of its workforce in May 2023. This story is available exclusively to Business Insider subscribers. It's also found efficiencies by using AI throughout the company. Internal AI tools have also allowed Shopify to offer multilingual support 24/7, whereas it was previously offered only during set working hours.

Persons: Shopify, We've, Harley Finkelstein, It's, Jeff Hoffmeister, Hoffmeister, crafters, —, Charlie Miner Organizations: SEC, Business, Shopify's Locations: mstone@businessinsider.com

☆ Tesla tells its German factory workers to stay home as more protests loom
▼ + stars: | 2024-05-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Tesla will shut its factory near Berlin to all employees Friday when protesters are expected to gather outside its gates to protest against a planned expansion. But with the protests “in mind,” the electric vehicle maker has decided that all other workers at the factory should also stay at home, RTL said. André Thierig, a senior manufacturing director at the Tesla factory, confirmed in a post on X Tuesday that there would be a “one-day planned production shutdown” Friday. “Without the explicit instruction and authority of your manager, access to the site or factory will not be possible,” the Tesla email reportedly said. No buses or trains will run to and from the factory between Thursday and Sunday because of the anticipated protests, Handelsblatt cited Tesla’s email as saying.

Persons: London CNN — Tesla, Tesla, André, Elon Musk’s, Handelsblatt, ”, ” Mark Thompson, Olesya Dmitracova, Stephanie Halasz Organizations: London CNN, CNN, RTL, “, Police Locations: Berlin, Germany, Europe, German, Brandenburg, —

☆ What the proxy fight at Norfolk Southern means for railroad safety
▼ + stars: | 2024-05-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The fight has split the railroad’s unions, who disagree which management team – the current Norfolk Southern leadership or one proposed by activist investor Ancora Holdings – would be best for safety and the railroad’s employees. Norfolk Southern CEO Alan Shaw, third from left, listens to testimony during a hearing held by the Senate Commerce, Science, and Transportation Committee on March 22, 2023 in Washington, DC. The committee heard testimony on "Improving Rail Safety in response to the East Palestine Derailment." BLET said that Orr’s appointment shows that Norfolk Southern is committed to additional use of PSR, no matter which side wins the the proxy fight. On February 3rd, a Norfolk Southern Railways train carrying toxic chemicals derailed causing an environmental disaster.

Persons: Alan Shaw, Amit Bose, Win McNamee, Bose, ”, “, Jeremy Ferguson, Shaw, “ Shaw, Jerry Sturdivant, John Orr, BLET, Michael Swensen, Jim Barber, Glass Lewis, Ancora Organizations: New, New York CNN, Norfolk, Norfolk Southern, Ancora Holdings, PSR, Federal Railroad Administration, Senate Commerce, Science, Transportation, Shaw, SMART, of Locomotive Engineers, Trainmen, NS, Canadian Pacific, Canadian Pacific Kansas City, Way Employees, Norfolk Southern Railways, Teamsters, UPS, CSX, Union Pacific Locations: New York, Norfolk Southern, Atlanta, East Palestine , Ohio, Norfolk, East Palestine, Washington ,, Canadian Pacific Kansas, Palestine, ”, NS

☆ The EV market isn't in peril. It's just changing.
▼ + stars: | 2024-05-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.

Persons: —, it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs

☆ As a college professor, I'm seeing more Gen X and Baby Boomer students than ever before. They're changing the way I teach.
▼ + stars: | 2024-05-07 | by ( Lisa Chilcote Bacco | ) www.businessinsider.com time to read: +5 min

I've been a college professor for 20 years, and I'm seeing more Gen X and Baby Boomer students. I no longer lecture to the class and instead let the older students take the lead. An increasing number of college students aren't kids anymore; they're older — many of whom are my generational peers. It's changed the way students learn and the way I teach. I quickly realized they learn differentlyI've noticed that older learners engage in ways that are different from traditional college students.

Persons: I've, Baby Boomer, —, there's, Gen Xers, It's, reboots, diversifies Organizations: Service, Boomers

☆ Opinion: Anne Hathaway has nothing left to prove
▼ + stars: | 2024-05-07 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —It feels weird to begin a complimentary piece about Anne Hathaway by saying I didn’t especially enjoy her latest movie, but here goes. Yet, as she recently explained to the New York Times, she’s spent far too much of her life trying to make other people happy. Even now, a Google search for “hate Anne Hathaway” produces more than five million hits. The movie is set years after that betrayal, and Solène, like Hathaway, has outgrown her habit of people pleasing. Hathaway is so luminously beautiful in “The Idea of You” that, for me at least, it undermines the entire film.

Persons: Holly Thomas, Katie Couric, Anne Hathaway, it’s, Solène Marchand, She’s “, Hayes Campbell’s, Nicholas Galitzine, he’s, Hathaway, she’s, ”, snarky, Oscar, “ Les, Critics, Anne Hathaway ”, It’s, Jake Gyllenhaal, Leonardo DiCaprio, Jennifer Lawrence, Jameela Jamil, Solène, didn’t, you’re, Hayes Organizations: Katie Couric Media, CNN, New York Times, “, New York Magazine, Twitter, Facebook Locations: London

☆ Shipping giant Maersk says Baltimore port reentry decision is near as collapsed bridge cleanup progresses
▼ + stars: | 2024-05-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

The remains of the Key Bridge in the Patapsco River entrance to Baltimore Harbor on May 2, 2024, in Baltimore, Maryland. Van der Steene says the Maersk team has seen less than 200 containers taken off the Dali over the last nine days. But based on North American freight orders from Asia, Van der Steene described 2024 as a "year of reinvigoration." Peak shipping season, which starts in June and continues through the summer for the back to school shopping and then the holidays, is expected to be normal in volume, Van der Steene said. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Van der Steene.

Persons: Moller, Charles Van der Steene, Brendan Smialowski, Dali, Francis Scott Key, Van der Steene, Maersk, Kevin Dietsch, Van de Steene, Vincent Clerc, Good Hope, Chip Somodevilla, Van der Organizations: Maersk, Port, Unified Command, CNBC, Afp, Getty, Dali, Salvage, Francis Scott Key Bridge, North, Shipping, Imports, U.S Locations: Port of Baltimore, Baltimore, Maersk North America, Patapsco, Baltimore Harbor, Baltimore , Maryland, Port, Norfolk, Newark, Good, North America, Panama, Asia, U.S, Europe, Vietnam, China, Mexico, United States

☆ Putin's Crimea bridge has been out of military use for at least 3 months, satellite images suggest
▼ + stars: | 2024-05-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewRussia has all but stopped transporting military equipment via a strategic Crimean bridge, Ukrainian analysts say, based on satellite imagery. In an examination of Maxar satellite images by open-source intelligence agency Molfar, analysts said that between February and mid-April, they saw no Russian freight trains carrying military equipment on the Kerch Bridge. It also said it saw no trains carrying military equipment on the bridge between May and September 2023. Built in 2018 following President Vladimir Putin's annexation of Crimea, the bridge is considered an illegal construction by Ukraine. AdvertisementA potent symbolAn explosion causes fire at the Kerch bridge in the Kerch Strait, Crimea on October 08, 2022.

Persons: —, Molfar, Vasyl Malyuk, Vladimir Putin's, Kyrylo Budanov, Artem Starosiek, Vera Katkova, Starosiek, Putin, Oleksii Neizhpapa, Volodymyr Zelenskyy, Inna Sovsun, Sovsun, Artem Organizations: Service, Business, Ukraine's Security Service, The Telegraph, Anadolu Agency, Getty Locations: Russia, Kerch, Ukraine, Crimea, Russia's Rostov, Ukrainian

☆ Middle East Crisis Israeli Military Warns Thousands in Rafah to Evacuate
▼ + stars: | 2024-05-06 | by ( Vivek Shankar | ) www.nytimes.com time to read: +6 min

“We were very close, but Netanyahu’s narrow-mindedness aborted an agreement,” Mousa Abu Marzouk, a senior Hamas official, said in a phone interview. The Israeli official said that Israel had sought a written response to its latest proposal from Hamas before dispatching a delegation, but that the group never conveyed one. Mr. Abu Marzouk was the only one of the officials who spoke about the talks to allow the use of his name. Hamas, Mr. Abu Marzouk said, thought that Mr. Netanyahu wanted an agreement that would permit Israel to invade Rafah after its hostages are released. A report in Al-Qahera News, an Egyptian state-owned television channel, said that a Hamas delegation would return to Cairo on Tuesday, but the senior Hamas official said that the group hadn’t made a decision yet.

Persons: Israel, Benjamin Netanyahu, Netanyahu, Mousa Abu Marzouk, Biden, won’t, ”, Abu Marzouk, Mr, Bill Burns, Mohammed bin Abdulrahman, Peter Baker, Michael Crowley Organizations: Hamas, Sunday, Central Intelligence Agency, Qatari, Qahera Locations: Gaza, Israel, Cairo, Rafah, Kerem, United States, Mohammed bin Abdulrahman Al Thani, Doha, Al

☆ Meet nuclear power's newest fans: data centers
▼ + stars: | 2024-05-06 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +11 min

The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.

Persons: —, Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City

☆ It sure looks like Jack Dorsey's in his Elon Musk acolyte era
▼ + stars: | 2024-05-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Jack Dorsey has gone from loving to hating to loving Elon Musk again. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwitter co-founder Jack Dorsey might have once been a critic of Elon Musk's changes to his creation. But all that seems to be water under the bridge now for Dorsey, who's now seemingly in his "I Love Elon" era. For starters, Dorsey unfollowed over 2,000 accounts on X over the weekend, leaving just three accounts — Elon Musk, NSA whistleblower Edward Snowden, and Stella Assange, the wife of Wikileaks founder Julian Assange.

Persons: Jack Dorsey, Elon Musk, Bluesky, Dorsey, —, Elon, who's, Dorsey unfollowed, Edward Snowden, Stella Assange, Julian Assange Organizations: Service, Twitter, NSA

No deaths or serious injuries have been reported, Harris County Judge Lina Hidalgo told CNN, adding 153 pets have also been rescued during the deluge. Forecast calls for rain Sunday into MondayMost of the weekend’s rain fell over western and central Texas, but there’s a significant chance of heavier rain in the greater Houston area Sunday. An additional 1 to 3 inches of rainfall possible by Monday morning, according to the Houston National Weather Service office. Rainfall today will continue to exacerbate existing river flooding,” warned the Houston weather service office. The weather service listed some of the rainfall totals it collected:Groveton, TX- 23.56”Huntsville, TX- 21.76”Splendora, TX- 21.01”Willis, TX- 20.75”Livingston, TX- 18.42”There is relief on the horizon, however.

Persons: Lina Hidalgo, It’s, ” Hidalgo, “ We’re, Brent Taylor, CNN’s Amara Walker, “, ” Taylor, “ There’s, ‘, I’m, ”, Willis, Hurricane Harvey, Jason Fochtman, ” Emmitt Eldridge, ” Sherri Pegoda, Walker, Greg Abbott Organizations: CNN, Houston Office, Emergency Management, Houston Police, Houston Fire, Houston Public Works Department, Houston National Weather Service, Houston, Panhandle, West Lake Houston, Houston Chronicle, Texas, Gov Locations: South Texas, Harris County , Texas, Houston, Harris, City, Texas, , TX, Huntsville , TX, TX, Willis , TX, Livingston , TX, Gulf, East Texas, Hurricane, Lake Houston, West Lake, Kingwood, Atascocita, Kingwood , Texas, San Jacinto, Walker County, Polk County, Montgomery counties

☆ Interstate 95 Reopens After Damaged Bridge Is Demolished
▼ + stars: | 2024-05-05 | by ( Chelsia Rose Marcius | More About Chelsia Rose Marcius | ) www.nytimes.com time to read: 1 min

A section of Interstate 95 in Connecticut reopened on Sunday morning after a fiery accident last week damaged an overpass and shut down the highway, a major artery along the East Coast. In the accident, fuel from a fuel tanker carrying thousands of gallons of gasoline ignited the Fairfield Avenue Bridge in Norwalk, Conn., which stretched over the highway. Workers spent 80 hours repairing the road and demolishing the damaged bridge said Ned Lamont, the governor of Connecticut, in a statement on Sunday. There were no serious injuries in the crash, but the damage caused by the intense heat from the burning fuel was so significant that Governor Lamont declared a state of emergency. Repairing the roadway “is vital to the security, well-being and health of the residents of Connecticut, as well as the residents of the states along the Eastern Seaboard,” he wrote.

Persons: Ned Lamont, Lamont, ” Organizations: Workers, Eastern Seaboard Locations: Connecticut, East Coast, Fairfield, Norwalk, Conn

☆ Cease-Fire Talks Between Israel and Hamas Again at an Impasse
▼ + stars: | 2024-05-05 | by ( Adam Rasgon | ) www.nytimes.com time to read: +1 min

The latest round of negotiations between Israel and Hamas hit an impasse on Sunday as mediators struggled to bridge remaining gaps and a Hamas delegation departed the talks in Cairo, according to two senior Hamas officials and two other officials familiar with the talks. An Israeli official also confirmed the negotiations had stalled and described them as being in “crisis.”For months, the negotiations aimed at achieving a cease-fire and a release of hostages have made little progress, but signs the two sides were coming closer to an agreement appeared over the last week. Israel backed off some of its long-held demands and a top Hamas official said the group was studying the latest Israeli offer with a “positive spirit.”But the setback over the weekend meant Palestinians living in miserable conditions in Gaza would not experience an imminent reprieve and the families of hostages held by militants would have to wait longer for the freedom of their loved ones. The main obstacle in the talks was the duration of a cease-fire, with Hamas demanding it be permanent and Prime Minister Benjamin Netanyahu of Israel expressing openness to only a temporary halt in the fighting.

Persons: Israel, Benjamin Netanyahu Organizations: Hamas Locations: Israel, Cairo, Gaza

☆ I rode the longest train route in Bangladesh for $10, and the 12 ½-hour journey was surprisingly scenic
▼ + stars: | 2024-05-05 | by ( Mahmudul Islam | ) www.businessinsider.com time to read: +1 min

I traveled 12 ½ hours from Dhaka to the northernmost border district of Panchagarh in Bangladesh. hours from Dhaka to the northernmost border district of Panchagarh in Bangladesh. AdvertisementAsia is home to some of the fastest trains in the world — but train travel is all about the journey for me. In March, I took the longest train route in Bangladesh. The whole trip is nearly 400 miles long — stretching from the bustling capital of Dhaka to the northernmost district of Panchagarh.

Persons: — Organizations: Service Locations: Dhaka, Panchagarh, Bangladesh, Asia

☆ Thousands of Ukrainians have been sent to Russian prisons. Ukraine says they’re being held as bargaining chips
▼ + stars: | 2024-05-05 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +22 min

The Ukrainian government says there are thousands of people like Dima, civilians arrested by Russia who have been held in arbitrary detention for years. In the early weeks of the war, Russian troops took over their home, parking their tank in the garden and stealing anything of value. Following the full-scale invasion of Ukraine, Russia opened a second pre-trial detention facility in Simferopol, SIZO No. Detained civilians, however, are stuck in limbo. Mariana Checheliuk's photos were among those displayed by relatives of detained civilians at a recent protest in Kyiv.

Persons: Ukraine CNN — “, ”, Vasyl Khyliuk, Dmytro Khyliuk, Dima, –, Ivana Kottasova, Dmytro Lubinets, Lubinets, ” Achille Després, Cross, it’s, Vasyl, ” Vasyl, Halyna, “, Dmytro Khyliuk’s, Russia —, Khyliuk, Anastasiia, MIHR, Pantielieieva, CNN “ We’ve, ” Pantielieieva, Yulia Khrypun, Serhii, ’, Serhii Khrypun, Yulia, ” Yulia, Mariana Checheliuk, Mariana, Natalia Checheliuk, ” Natalia, ’ ” Natalia, Alexander Ermochenko, Mariana –, Mila, Natalia, Volodymyr, Zelensky, Mariana Checheliuk's Organizations: Ukraine CNN, Ukrainian Independent, Agency, Kyiv, CNN, Russian Federation, International Committee, Ukrainian, Organization for Security, Getty, Media Initiative, Human Rights, Penal, Russian Investigative Committee, Russian Prison Service, ICRC, Russian Ministry of Defense, Ukrainian Defense Intelligence, Russian Federal Security Service, Russian National Guard, Directorate, General Staff, Serhii, Crimean Human Rights, Maxar Technologies, Volunteers, Russia, United Nations Children’s Fund, UNICEF, Security Service of Ukraine, Ukraine’s, Ministry of Internal Affairs, Ministry of Foreign Affairs, National Information Bureau, Ministry, “, Headquarters Locations: Kyiv, Ukraine, Dima, Ukrainian, Kozarovychi, Russia, Geneva, Europe, Novozybkov, Russia’s Bryansk, Russia’s Vladimir, Mordovia, Russian, Moscow, Bryansk, Nove, Tokmak, Melitopol, Olenivka, Kursk, Crimea, Kamensk, Russia’s Rostov, Yulia Khrypun Russia, Chonhar, Kherson, Crimean, Crimean Tatars, Simferopol, SIZO, Irkutsk, Krasnoyarsk, Siberia, ‘, Mariupol, Zaporizhzhia, Bezimenne, Donetsk People’s Republic, Azovstal, Donetsk, Taganrog, Kamyshin, Russia’s Volgograd, Qatar

☆ China’s Xi is visiting Europe for the first time in five years – his goodwill tour will be an uphill struggle
▼ + stars: | 2024-05-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.

Persons: Xi Jinping, Andrea Bocelli, –, Xi, China –, ”, Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, “, Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, “, National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, “, Belgrade, Budapest, Balkans, Balkan

☆ A policy that's supposed to create more affordable housing often backfires, leaving cities with higher home prices and rents. There's a way to fix that.
▼ + stars: | 2024-05-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

A key policy designed to create affordable housing for low-income people has long been scrutinized for being generally ineffective. So a policy designed to create more affordable housing can actually result in fewer homes and higher housing costs. Related storiesPhillips wanted to determine whether there's an optimal inclusionary zoning policy and if not, what the policy's tradeoffs look like. This involves finding a balance between creating more deed-restricted affordable housing and boosting the overall supply of housing. He concluded that the value of the government subsidy for building affordable housing needs to outweigh its costs.

Persons: Shane Phillips, Phillips Organizations: Service, Business, UCLA, UC Berkeley's Terner, Housing Innovation Locations: American, Los Angeles

☆ Most of Warren Buffett’s wealth was accumulated after age 65. Here’s what that can teach individual investors
▼ + stars: | 2024-05-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

"His skill is investing, but his secret is time," Morgan Housel wrote in the bestselling business book, "The Psychology of Money." To that point, 99% of Buffett's net worth was accumulated after he was 65 years old, Housel said during a 2022 interview with CNBC. That's up substantially from the $84.5 billion net worth Buffett had at the time Housel's book was published in 2020. Most of that wealth came in Buffett's later years, Housel wrote, with $84.2 billion after he turned 50 and $81.5 billion after he turned 65. "The trick is to have a very long hill, which means starting very young or living … to be very old," Buffett said.

Persons: Warren Buffett, Berkshire Hathaway, Morgan Housel, Housel, Buffett Organizations: Berkshire, Berkshire Hathaway, CNBC Locations: Omaha , Nebraska, Buffett's

☆ Baltimore bridge: An Italian company that helped rebuild Genoa’s Morandi bridge offers to build new Key Bridge
▼ + stars: | 2024-05-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. The bridge replaced the Morandi bridge, which collapsed in August 2018. Mauro Ujetto/NurPhoto/Getty ImagesThe Morandi bridge in Italy’s port city of Genoa collapsed in August 2018 after heavy rainfall, killing 43 people. WeBuild Group was among the companies that built the Genoa San Giorgio bridge in just 15 months to replace the Morandi bridge. The project, completed in 2020, cost a total of €290 million ($312 million), including the cost of demolishing the remains of the collapsed bridge.

Persons: Francis Scott Key, ” Carlo Ratti, Genoa's, Mauro Ujetto, Joe Biden, “ I’ve, ” Biden, “ Organizations: London CNN, WeBuild, Massachusetts Institute of Technology, Maryland Transportation, Port, Maryland Department of Transportation, CNN Locations: Genoa, Baltimore, United States, Genoa's San Giorgio, Italy’s, Genoa San Giorgio, Port of Baltimore

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