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☆ AI could split workers into 2: The ones whose jobs get better and the ones who lose them completely
▼ + stars: | 2024-04-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Lower-income workers without a college degree could be at the most risk of AI job replacement. AdvertisementNothing is certain about the future of AI technologies, but three things are becoming more clear. That said, if and when some AI job replacement does come, some workers could be more at risk than others. Conversely, 17% of high school graduates had jobs with high AI exposure, and 14% had jobs with both high AI exposure and low performance requirements. Re-training workers who lose their jobs due to AI could help move the needle in a more positive direction.

Persons: —, It's, Angus Deaton, Deaton, he's Organizations: Service, of Economic Advisors, Walmart, Target Locations: China

☆ China's plan for reinvigorating its economy has the West worried, but others still see an opportunity
▼ + stars: | 2024-04-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how China's plan for reinvigorating its economy has the rest of the world worried . The country is overproducing goods and then flooding global markets with them to save its struggling economy, writes Business Insider's Huileng Tan. Decades ago, as the country opened up its economy, China underwent rapid industrialization, allowing it to produce cheap goods. AdvertisementUS Treasury Secretary Janet Yellen has already warned China shock 2.0 could destabilize the global economy, specifically impacting green-energy exports . He pointed to China's GDP growth outpacing the US when the numbers are adjusted for disinflation and inflation in each country, respectively.

Persons: —, Chelsea Jia Feng, Huileng Tan, Huileng, China's, Janet Yellen, Tyler Le, Ray Dalio, that's, it's, Dalio's, Nicholas R, Lardy, Donald Trump, M, There's, Angus Deaton, Walter Huang, Sevonne Huang, Justin Sullivan, Alyssa Powell, Tesla, Hubspot, Mikel Jaso, Zers, That's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, West, New York Federal Reserve, Bridgewater Associates, Getty, Apple, Reuters, Google, McKinsey Locations: China, Glendale, Ariz, New York, London, Chicago

☆ Daniel Kahneman’s Gift for Adversarial Collaboration Is What We Need Now - The New York Times
▼ + stars: | 2024-04-01 | by ( Cass R. Sunstein | ) www.nytimes.com time to read: +1 min

Our all-American belief that money really does buy happiness is roughly correct for about 85 percent of us. We know this thanks to the latest and perhaps final work of Daniel Kahneman, the Nobel Prize winner who insisted on the value of working with those with whom we disagree. Professor Kahneman, who died last week at the age of 90, is best known for his pathbreaking explorations of human judgment and decision-making, and of how people deviate from perfect rationality. Beyond a threshold at or below $90,000, Professor Kahneman and Professor Deaton found, there is no further progress in average happiness as income increases. Eleven years later, Matthew Killingsworth, a senior fellow at the Wharton School of the University of Pennsylvania, found exactly the opposite: People with higher income reported higher levels of average happiness.

Persons: Daniel Kahneman, Kahneman, Angus Deaton, Deaton, Matthew Killingsworth Organizations: Princeton, Wharton School, University of Pennsylvania

Smoke billows above the Lebanese village of Bint Jbeil during Israeli bombardment on February 28. “We are operating in the assumption that an Israeli military operation is in the coming months,” one senior Biden administration official said. An Israeli military operation is a distinct possibility.”The leadership of Hezbollah, a powerful Iran-backed paramilitary group, has expressed support for Palestinians and condemned Israel’s offensive in Gaza. There have been months of daily, deadly cross-border strikes by both Israel and Hezbollah that have displaced tens of thousands of Lebanese and Israeli residents from their homes. That deal would likely postpone an Israeli incursion, US officials believe.

Persons: Bint Jbeil, Jalaa Marey, Biden, ”, “ Organizations: Getty, Biden, Hezbollah Locations: Lebanese, AFP, Israel, Lebanon, Israeli, Iran, Gaza

SAVANNAH, Ga. (AP) — Michael Thurmond thought he was reading familiar history at the burial place of Georgia's colonial founder. The son of a sharecropper and great-grandson of a Georgia slave, Thurmond became an attorney and has served for decades in state and local government. Historians have widely agreed Oglethorpe and his fellow Georgia trustees didn’t ban slavery because it was cruel to Black people. Escaped slaves captured in Oglethorpe’s Georgia were returned to slaveholders. Thurmond's book openly embraces such evidence that Oglethorpe's history with slavery was at times contradictory and unflattering.

Persons: — Michael Thurmond, James Edward Oglethorpe, ” Oglethorpe, Thurmond, Oglethorpe, ” Thurmond, ”, “ James Oglethorpe, Father, Georgia, Stan Deaton, Britain's, “, Gerald Horne, Horne, Thurmond's, James F, Brooks, ” Brooks, — Ayuba Suleiman Diallo, Olaudah Equiano, Granville Sharp, Hannah More, Sharp Organizations: University of Georgia Press, Georgia Historical Society, ”, Royal African Company, America, University of Houston, University of Georgia, Society, Slave Locations: SAVANNAH, Ga, Georgia, London, Black, British, Oglethorpe, DeKalb County, Atlanta, Parliament, England, America, New York, Boston, South Carolina, Spanish Florida, Virginia, Savannah, Oglethorpe’s Georgia, Africa, U.S

CNN —The Court of Arbitration for Sport (CAS) ruled on Wednesday that Russian figure skater Kamila Valieva did not meet the burden of proof to overturn her four-year ban for testing positive for trimetazidine. Valieva had suggested the prohibited substance was in her body because she ate a strawberry dessert her grandfather made for her on the same chopping board on which he crushed up his heart medication. Trimetazidine is listed as a “metabolic modulator” and its use by athletes is banned, both in and out of competition. One scenario dubbed the “Grandfather explanation” in the CAS report was that Valieva’s grandfather, Mr. Solovyov, made her a strawberry dessert on a chopping board that was contaminated with his trimetazidine medication. Japan will receive the silver medal, while Canada – which was left “extremely disappointed” after not being awarded the bronze – remained in fourth place.

Persons: Kamila Valieva, Valieva, Solovyov, Christine Brennan, disqualifying, backdated Organizations: CNN, Sport, USA, Russian Olympic Locations: Beijing, Japan, Canada

CNN —Police carried out raids on gay venues in Russia late Friday, two online Russian news outlets reported, one day after the country’s top court ruled to ban the “international LGBTQ movement” and labelled it an extremist organization. “Yesterday was the only drug raid at Hunters Party. Another source with direct knowledge of the raid on the Hunters Party pop-up told CNN it was just a routine drug raid. However, people chatting on an online group linked to the Hunters Party expressed their fear. It is now illegal in Russia to promote or “praise” LGBTQ relationships, publicly express non-heterosexual orientations or suggest that they are “normal.”

Persons: Vladimir Putin, Ostorozhno Novosti, Eyewitnesses, “, Natalia Kolesnikova, Sota, ”, Milana Petrova –, ” Petrova, Alexey Khoroshy, Khoroshy, Putin Organizations: CNN — Police, Supreme, West, Russian Telegram, Ostorozhno, Sota, Police, Telegram, Central Station, Secret, Hunters Party, Getty, Central Station Club, CNN Locations: Russia, Moscow, St, Petersburg, Ostorozhno Novosti, St . Petersburg, Young, AFP, Russian, Ukraine falters

☆ Millennials say they need $525,000 a year to be happy. A Nobel prize winner's research shows they're not wrong.
▼ + stars: | 2023-11-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

For millennials, happiness would come from a $525,000 annual salary. Still, high inflation, interest rates, and student loans damper Americans' financial happiness. Here's what each generation said they need to earn annually, as well as the net worth required, to achieve happiness:Gen Z: $128,000, with a net worth of $487,711Millennials: $525,000, with a net worth of $1,699,571Gen X: $130,000, with a net worth of $1,213,759Boomer: $124,000, with a net worth of $999,945AdvertisementMen said they needed to earn $381,000 annually, while women said $183,000 would make them happy. The latest economic data could make Americans' financial happiness goals more achievable. AdvertisementThe latest Survey of Consumer Finances from the Federal Reserve, however, had a glimmer of hope for millennials when it comes to net worth.

Persons: —, Daniel Kahneman, Matthew Killingsworth, Angus Deaton, millennials Organizations: Service, Penn's Wharton School, Federal, Consumer Finances, Federal Reserve

☆ How Nobel economists spend their $1 million winnings
▼ + stars: | 2023-11-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."

Persons: —, Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America

☆ Iran envoy says Tehran had no direct role in Hamas’ Israel rampage, or proxy attacks on US forces
▼ + stars: | 2023-11-10 | by ( Jennifer Deaton | Kathleen Magramo | ) edition.cnn.com time to read: +5 min

Iravani said there was cooperation and collaboration, but that Iran was not directing any of those operations. He likened Iran’s role to that of the US in providing assistance to Israel. Tehran has long been accused of arming Hamas and other Iran-aligned groups in Lebanon, Syria, Iraq and Yemen, as regional attacks by its proxies have escalated and become increasingly frequent. CNN pressed Iravani as to whether Iran supported Hamas’ murder of women and children and its hostage-taking on October 7. Hezbollah, the Iran-backed Shi’a movement based in Lebanon with one of the most powerful paramilitary forces in the Middle East, has also said that Hamas’ attack was kept secret from them.

Persons: Amir Saeid Iravani, Iravani, “, ”, Defense Lloyd Austin, General Hassan Nasrallah, Nasrallah Organizations: CNN, Republic’s United Nations, UN, United States, Pentagon, Islamic Revolutionary Guard Corps, Defense, Quds Force, US, Hamas, Israel Locations: Iran, Lebanon, Israel, Houthis, Yemen, Syria, Iraq, IRGC, UN, Tehran, Gaza, East

☆ Opinion | Beyond ‘Deaths of Despair’
▼ + stars: | 2023-10-18 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +4 min

Those million extra deaths exceed even the nearly 700,000 who die each year from cardiovascular disease, the country’s biggest killer. In 2021, the researchers found, extra mortality accounted for nearly one in every three American deaths. “The United States is failing at a fundamental mission — keeping people alive,” The Washington Post recently concluded, in a remarkable series on the country’s mortality crisis. But by almost every other measure the United States is lagging its peers, often catastrophically. It’s not quite right to call all this simply “despair,” even if social anomie plays a role.

Persons: Matthews, “, Jimmy Carter, ”, Covid, It’s, Deaton, America ” Organizations: Washington Post, European Union, Organization for Economic Cooperation, Development Locations: Bor, United States, Virginia, Louisiana, Kansas, States, Netherlands, Sweden, America

CNN —Chinese leader Xi Jinping on Tuesday unexpectedly skipped a business forum of the BRICS economic group in South Africa, sending his commerce minister instead to deliver a fiery speech in his name that decried US hegemony. Xi, who arrived in Johannesburg on Monday for the annual BRICS summit of major emerging economies, was scheduled to deliver a speech at its business forum on Tuesday afternoon alongside leaders from India, Brazil and South Africa. Xi was the only BRICS leader who did not attend the business forum. At a regular news briefing Wednesday, Wang Wenbin, another spokesperson for the ministry, sidestepped a question about Xi’s absence at the BRICS business forum. “The (Chinese Communist Party) feels no obligation to provide explanations about why its foreign minister was replaced or its top leader was a no show at the BRICS Business Forum.

Persons: Xi Jinping, Xi, –, Wang Wentao, Vladimir Putin, ”, Bonnie Glaser, Marshall Fund’s, Brian Hart, Cyril Ramaphosa, ” Hart, Wang, Hua Chunying, Wang Wenbin, sidestepped, Xi’s, “ I’ve, Glaser, Qin, Wang Yi, Hart Organizations: CNN, Chinese Commerce, China Power, Center for Strategic, International Studies, South, Ramaphosa, Xinhua, Chinese Foreign Ministry, Communist Party, German Marshall Fund, CSIS Locations: South Africa, Johannesburg, India, Brazil, Beijing, United States, Ukraine, China, ”

☆ Colombia jungle plane crash: Government official hopeful children found alive in jungle 17 days after plane crash
▼ + stars: | 2023-05-18 | by ( Mia Alberti Stefano Pozzebon Jennifer Deaton | Mia Alberti | Stefano Pozzebon | ) edition.cnn.com time to read: +2 min

CNN —A Colombian government official is “very confident” four children were found alive 17 days after their plane crashed in the Amazon jungle but is awaiting further proof. The Director of Colombia’s Family Affairs Institute, Astrid Caceres, said her team received second hand confirmation that search teams rescued and identified the children missing following the crash of a small airplane in southern Colombia. While the children were found alive, Aerocivil said they found another three bodies inside the small aircraft. President Petro said news of the rescue was “a joy for the country.”“After arduous searching by our military, we have found alive the four children who went missing after a plane crash in Guaviare. A joy for the country,” Petro tweeted earlier on Thursday.

Getting more money when I was struggling with mental health didn't fix my problems. My depression led me to self-medicating with drugs and alcohol, and I thought that once I finally had money, everything would be alright. More money didn't solve my problemsGrowing up, I lived with my dad. Every time I received a raise or a promotion, I thought that would be what would remedy my depression. I'm grateful for everything I've been through, because it taught me that I don't need money to be happy.

☆ Would a $100,000 salary make you happy? Here's when more money doesn't mean more joy
▼ + stars: | 2023-03-28 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

While money certainly helps bring joy and satisfaction to your life, it won't have the same impact on everyone. The researchers first set out to determine why one study showed a happiness plateau while the other did not. For the new study, the researchers decided to look at incomes above or below $100,000 as a starting point. Since Killingsworth's study categorized that salary in the $90,000 to $100,000 range, they decided to simply look at incomes above or below $100,000. An "unhappy minority" revealed itself, however, as the researchers found the most explicit happiness plateau among the least happy 15 to 20% of people.

☆ Money really does buy happiness for most people, researchers say
▼ + stars: | 2023-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

It found that for the vast majority of people, money does buy you happiness. Meanwhile, happiness "increases steadily" along with income among the rest of the population, Killingsworth, Kahneman, and Mellers found. For the happiest 30% of people, happiness rises at an accelerated rate beyond $100,000. "In other words, the bottom of the happiness distribution rises much faster than the top in that range of incomes. Killingsworth, Kahneman, and Mellers noted, however, that the correlation between income and well-being was "weak, even if statistically robust."

CNN —The family home of Iranian rock climber Elnaz Rekabi has been demolished, according to the pro-reform news outlet IranWire, after she rose to international prominence this fall for competing with her head uncovered. Some Iranian demonstrators saw Rekabi as a symbol of the national uprising calling for greater freedoms for women. Rekabi competed without her mandatory hijab at an international competition in Seoul in October, as anti-regime demonstrations calling for greater rights for women convulsed Iran. Rekabi garnered support from members of the public when she returned to Tehran in October. When she returned to Iran, videos posted to social media appeared to show her being greeted by crowds chanting “Elnaz the Hero” at Tehran’s Imam Khomeini International Airport.

☆ BBC journalist ‘beaten and kicked by the police’ as protests spread across China
▼ + stars: | 2022-11-28 | by ( Jennifer Deaton | ) edition.cnn.com time to read: +3 min

CNN Business —Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday night, according to the BBC and as captured on what appears to be mobile phone footage of the arrest. The BBC statement reads in full: “The BBC is extremely concerned about the treatment of our journalist Ed Lawrence, who was arrested and handcuffed while covering the protests in Shanghai. During his arrest, he was beaten and kicked by the police. “China always welcomes foreign journalists to report in the country in accordance with the law and has provided lots of assistance,” Zhao said. At least two clips of the arrest were posted online by a Twitter user who says they witnessed the scene.

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