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☆ I quit my finance job and became an Airbnb host in Italy. I have no regrets about choosing happiness over money.
▼ + stars: | 2024-05-08 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Anton Govor left his corporate finance career to become an Airbnb host on Lake Garda in Italy. I visited Lake Garda for the first time when I was 21The main guesthouse at GardaDoma. Courtesy of GardaDomaDuring a drive from Munich to Florence, I stopped in Lake Garda completely by chance. AdvertisementI chose to leave my finance career behindIn December 2018, my second son was born at Lake Garda, and I took parental leave at our house. I devote 1 to 4 p.m. to property maintenance and planning the dinner menu with our work family, who take shifts in cooking.

Persons: Anton Govor, Govor, he's, —, It's, Ernst & Young, Brenzone, Airbnb Organizations: Garda, Service, Ernst &, MOEX Group, Lake Garda Locations: Italy, Brenzone sul Garda, Moscow, Lake, Munich, Florence, Europe, Russia, Easter

Arm Ukraine With Fanfare and Israel in Secret? That package will pay for billions of dollars of arms flowing to Ukraine, Israel and other nations. As soon as the bill became law, the administration issued new announcements about weapons shipments to Ukraine, but not about transfers to Israel. Press releases about military aid for Ukraine and Israel Since both wars began, the U.S. government has issued at least 126 press statements or updates describing military aid sent to Ukraine and just three describing military aid sent to Israel. Information on maritime support sent to … Ukraine IsraelInformation on air-based weaponry and drones sent to … Ukraine IsraelThere is another distinction worth noting.

Persons: Biden, Jonathan Ernst, Antony Blinken, ”, Josh Paul, Israel —, Ukraine Israel “, Daniel C, it’s, Benjamin Netanyahu Organizations: Reuters, Israel Defense Forces, Israel . Press, U.S . Department of State, U.S . Department of State ; U.S . Department of Defense, Internet, State Department, Defense Department, State and Defense, Washington Post, Ukraine authorizations, Democratic Party, West Bank, White, New York, Facebook Locations: Israel, Ukraine, U.S, U.S . Department of State ;, Ukraine Israel, Gaza, American, Egypt, Russian, Rafah, Lebanon, Iran, Iranian, Syria, United States

☆ Kim Aris: Aung San Suu Kyi’s son casts doubt on reports Myanmar former leader has been moved from prison
▼ + stars: | 2024-04-23 | by ( Helen Regan | ) edition.cnn.com time to read: +13 min

Drn/Getty Images Suu Kyi, front center, is seen with her parents and her two elder brothers in 1947. Kyodo News Stills/Getty Images Suu Kyi poses with Burmese comedian Par Par Lay, who was part of the pro-democracy act "The Moustache Brothers." Soe Than Win/AFP/Getty Images Suu Kyi meets US Secretary of State Hillary Clinton at Suu Kyi's residence in Yangon in 2011. Peter Muhly/AFP/Getty Images Suu Kyi is presented with the Congressional Gold Medal while visiting the US Capitol in 2012. U Aung/Xinhua News Agency/Getty Images Suu Kyi addresses the United Nations General Assembly in New York in 2016.

Persons: Aung, Suu, ”, Kim Aris, Suu Kyi, she’s, ” Aris, CNN’s Anna Coren, “, Michael Aris, ” “, Zaw Min Tun, Min Aung Hlaing, Aris, they’ve, Ma Khin Kyi, Par, Karl Malakunas, David Brunnstrom, Jonathan Karp, Price, Luis D'Orey, David Van Der Veen, Jonathan Utz, Michael Wolf, Pornchai Kittiwongsakul, Soe, Hillary Clinton, Paula Bronstein, Minzayar Oo, Kyi, Bono, Peter Muhly, Alex Wong, Barack Obama, Obama, Brendan Smialowski, Chris Ison, Ragnar Singsaas, Romeo Gacad, Lauren DeCicca, Lam Yik Fei, Htin Kyaw, Aung Naing, Min Aung, Aung Htet, Kyaw, Jewel SamadD, John Kerry, Jonathan Ernst, Reuters Suu Kyi, Heath Mitchell, Pope Francis, Elizabeth II, John Stillwell, Mike Pence, Bernat, Myanmar's, Koen Van Weel, ’ Aris, I’d, Suu Kyi’s NLD Organizations: CNN, Aung, National League for Democracy, Aris, Reuters, Burma Independence Army, Kyodo, Stills, Oxford University, Getty, Embassy, Suu Kyi, Panos, Congressional, Capitol, Suu, Xinhua News Agency, United Nations General Assembly, National Park Service, Palace, ASEAN, Court of Justice, Association for Political, United Nations Locations: Myanmar, Britain, Rangoon, Yangon, Myanmar’s, Zaw, heatstroke, Naypyidaw, India, Par Par Lay, England, AFP, Bangkok, Thailand, Bagan, Pathein, Camberley, Oslo, Norway, Kawhmu, New York, Washington ,, Washington, DC, Singapore, Gambia, “, Burma, doesn’t

☆ How Hudson Yards Went From Ghost Town to Office Success Story
▼ + stars: | 2024-04-22 | by ( Matthew Haag | ) www.nytimes.com time to read: +1 min

It was March 2019, and 13,000 people were on Manhattan’s West Side at a star-studded opening ceremony for the largest private real estate project in United States history: Hudson Yards. A year later, the development was a ghost town. The roughly $30 billion planned neighborhood looked like it had fizzled before it ever got started. But now, five years after that grand opening, Hudson Yards has not only survived, but it has also emerged as perhaps the most dominant office market in New York City, a bright spot as companies across the country cut space in the shift to remote and hybrid work. Skeptics had also predicted that area — bounded by Eighth and 12th Avenues from West 30th to West 42nd Street — was too out of the way for New Yorkers.

Persons: Young —, — Organizations: Hudson, Shops, Hudson Yards, BlackRock, Pfizer, Ernst, Eighth, West, New Yorkers Locations: United States, New York City, West, New

☆ For Sale: A Rare Klimt Portrait, Valued at $32 Million. But of Whom?
▼ + stars: | 2024-04-22 | by ( Scott Reyburn | ) www.nytimes.com time to read: 1 min

On Wednesday, an auction house in Europe will put a painting by Gustav Klimt up for sale, with a preauction estimate of at least 30 million euros (about $32 million). Whoever buys it will obtain a painting by an artist whose major works rarely come up for sale, but also a portrait whose subject, provenance and current ownership are either unknown, not public or the subject of debate. The auctioneer selling the painting is not an international heavyweight like Sotheby’s or Christie’s, but im Kinsky, a local house in Vienna whose biggest sale until now was in 2010: $6.1 million, for a painting by Egon Schiele. At a news conference in January announcing the sale of the mysterious Klimt work, Ernst Ploil, the co-chief executive of im Kinsky, said: “All is in the dark. Whenever there is an argument for something, counterarguments arise again and again.”

Persons: Gustav Klimt, Egon Schiele, Klimt, Ernst Ploil, ” Locations: Europe, Vienna

☆ Bill in Congress Would Force Action on U.S. Troops’ Blast Exposure
▼ + stars: | 2024-04-09 | by ( Dave Philipps | ) www.nytimes.com time to read: +1 min

Lawmakers from both parties plan to introduce a sweeping bill in Congress on Wednesday that would force the military for the first time to track and limit troops’ exposure to damaging shock waves from firing their own weapons. The bill, known as the Blast Overpressure Safety Act, would order the military to begin recording troops’ individual blast exposures in training and regularly give exposed troops neurocognitive tests to check for signs of possible injuries. It would also require military medical personnel to be trained in recognizing injuries from repeated blast exposure, which are currently often misdiagnosed as behavioral health issues, if they are diagnosed at all. Senators Elizabeth Warren, Democrat of Massachusetts, and Joni Ernst, Republican of Iowa, plan to introduce the bill in the Senate on Wednesday. Representative Ro Khanna, Democrat of California, plans to introduce a similar bill in the House.

Persons: Senators Elizabeth Warren, Joni Ernst, Ro Khanna Organizations: Senators, Republican Locations: Massachusetts, Iowa, California

The "Big Four" accounting firms employ about 1.3 million people worldwide. Business Insider analyzed data to determine how much accountants and consultants are paid at these firms. AdvertisementThe so called "Big Four" accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Business Insider analyzed the US Office of Foreign Labor Certification's 2023 disclosure data for permanent and temporary foreign workers to find out what PwC, KPMG, EY, and Deloitte paid US-based employees for jobs ranging from entry-level to executive roles. AdvertisementHere's how much Deloitte, PwC, KPMG, and EY paid their hires.

Persons: —, Ernst, Young, EY Organizations: Service, Deloitte, PricewaterhouseCoopers, KPMG, Business, of Foreign Labor, EY, PwC

☆ How to see the eclipse: Why your path of totality maps might be slightly off
▼ + stars: | 2024-04-05 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

“Calculations that use a slightly larger radius for the size of the Sun yield an eclipse path that is slightly narrower,” said NASA spokesperson Karen Fox in an emailed statement. And even if the NASA map is wrong, Irwin’s calculations indicate it’s only off by a couple thousand feet on the edges. A woman views a map showing the eclipse path during the Solar Eclipse Festival at the California Science Center in Los Angeles, California, on August 19, 2017, two days before the total eclipse on August 21. And NASA also acknowledges that exact measurements of the eclipse path are difficult to pin down. “When you see the total eclipse, you can’t go back,” Guinan said.

Persons: ”, Karen Fox, Edward Guinan, John Irwin, Guinan, Frederic J . Brown, Irwin, ” Guinan, Jonathan Ernst, “, can’t, ” Don’t Organizations: CNN, North America, NASA, Villanova University ., California Science Center, Getty, Sun, Reuters Locations: North, Guildford, England, Los Angeles , California, AFP, Smoky, Tennessee

☆ The largest map of the cosmos hints that dark energy is changing. It could prove Einstein wrong and upend a pillar of modern physics.
▼ + stars: | 2024-04-05 | by ( Jessica Orwig | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

New data from the largest 3-D map of our universe suggests we may be wrong about dark energy. One of the driving forces behind that evolution is also one of our age's biggest mysteries in physics: dark energy. Einstein abandoned the idea as his "greatest blunder" in the 1930s, as astrophysicist Ethan Siegal explains, but a constant dark energy would have vindicated him. "If true, it would be the first real clue we have gotten about the nature of dark energy in 25 years," Adam Riess, a Nobel laureate for his co-discovery of dark energy, told Quanta Magazine. "The idea that dark energy is varying is very natural," Paul Steinhardt, a Princeton University cosmologist, told the magazine.

Persons: —, we're, Michael Levi, Levi, DESI, Marenfeld, Claire Lamman, Albert Einstein's, Einstein, Ethan Siegal, Albert Einstein, Ernst Haas, Adam Riess, Paul Steinhardt, Princeton University cosmologist, Riess, Vera C, Travis Lange, Jacqueline Ramseyer Orrell, NASA's Nancy Grace, Arnaud de Mattia, Mattia Organizations: Service, Lawrence Berkeley National Laboratory, American Physical Society, Princeton University, NASA, Rubin, Accelerator, Atomic Energy Commission Locations: Arizona, Princeton , New Jersey

☆ Mars volcano the size of Mount Everest was hiding in plain sight, report says
▼ + stars: | 2024-03-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —Scientists may have pinpointed a massive, oddly shaped volcano taller than Mount Everest on the surface of Mars — and it has been hiding in plain sight for decades, according to new research. Some of the largest volcanoes on Mars lie relatively close to the proposed “Noctis volcano.” Shown here: 1) Olympus Mons, the tallest known volcano in our solar system. This NASA visualization of the Tharsis rise shows Olympus Mons, Tharsis Montes, Noctis Labyrinthus, and Valles Marineris. NASA SVSA volcano, a glacier and the history of MarsThe existence of a volcano in Noctis Labyrinthus could also help explain the creation of this bizarre landscape. The existence of a volcano in the region, Lee said, might offer more support for the latter theory.

Persons: Everest, Pascal Lee, NASA SVS Lee, Sourabh, Lee, “ It’s, ”, NASA’s, Noctis Labyrinthus, “, ” Lee, Shubham, Adrien Broquet, we’ve, —, we’re, Noctis, Ernst Hauber, ” Hauber, David Horvath —, Tucson , Arizona —, Broquet, Horvath, ” Horvath, Carl Sagan Organizations: CNN —, Mars, Planetary Science Conference, Olympus, NASA, University of Maryland, College, CNN, NASA’s Mars Reconnaissance, Marineris, Humboldt Research, German Aerospace Center, SETI Institute, German Aerospace Center’s, of Planetary Research, Planetary Science Institute Locations: The Woodlands , Texas, That’s, Mars, Noctis, Valles, Tharsis Montes, Labyrinthus, Tucson , Arizona

☆ Formed in the Cold War, former members of Germany’s Red Army Faction are now fugitives
▼ + stars: | 2024-03-17 | by ( Sophie Tanno | ) edition.cnn.com time to read: +9 min

CNN —German authorities have been tracking down the former members of the Red Army Faction (RAF), a now-defunct Cold War-era militant group, who have been on the run for nearly 30 years. The RAF, he said, emerged in what was then West Berlin, at the “crossroads” of the Cold War. The first, and most prominent period from 1970-1977, saw the group murder public officials and US soldiers and take many hostages. In April 1975, six RAF members seized the West German Embassy in Stockholm in a hostage standoff with the goal of forcing the release of imprisoned RAF members. The Red Army Faction claimed responsibility for the assassination, but the perpetrators were never brought to justice.

Persons: Baader, –, Jürgen Ponto, Siegfried Buback, Daniela Klette, Burkhard Garweg, Ernst, Volker Staub, Klette, Claudia Ivone, Garweg, Staub, pouncing, ”, Ivone, Wolfgang Kraushaar, Kraushaar, Axel, Andreas Baader, Ukrike Meinhof, Meinhof, ” Kraushaar, Helmut Schmidt, Franz Josef Strauss, Axel Springer, Springer, Alfred Herrhausen, Willy Brandt Organizations: CNN, Red Army Faction, RAF, East, Stasi, Dresdner Bank, Germany’s Public, Office, Police, ARD, ” Reuters, Bild, Red Brigades, Nihon, Springer, Criminal Police, West German Embassy, West, Meinhof Group, Reuters, Democratic, Deutsche Bank Locations: Berlin, West Germany, Kreuzberg, Bonn, Weiterstadt, German, Italy, Japan, West Berlin, Vietnam, Lower Saxony, Stockholm, Bavarian, Cologne, GDR, Democratic Republic

Speaker Mike Johnson told Republican senators during their closed-door retreat Wednesday that he was committed to finding a path ahead for Ukraine aid in the House of Representatives, a sign GOP senators took to mean that aid to the embattled country isn’t yet dead in Congress. McCaul said Johnson will put such a House foreign aid bill on the floor after the appropriations process is done. McCaul dismissed the concept of sending Ukraine aid through a discharge petition, saying he is “worried” about that approach, highlighting instead the REPO Act and formatting aid as a loan. “You know, it feels like Speaker Johnson makes up his strategy one or two days at a time. “Speaker Johnson doesn’t need to make up a new plan.

Persons: Mike Johnson, Sen, Markwayne Mullin, Johnson, wouldn’t, Michael McCaul, Ukraine –, Donald Trump, McCaul, ” McCaul, “ I’ve, Republican Sen, Lindsey Graham, ”, Roger Wicker of, “, ” “, Joni Ernst of Iowa, Thom Tillis, we’ve, Mitch McConnell, ” McConnell, “ We’ve, Democratic Sen, Chris Murphy, Johnson doesn’t, that’s, CNN’s Morgan Rimmer Organizations: Republican, CNN, Republicans, House Foreign, Texas Republican, GOP, Senate Armed Services Committee, Kentucky Republican, Democratic, “, Senate, ” Republican Locations: Ukraine, Oklahoma, Texas, West Virginia, Roger Wicker of Mississippi, Israel, Taiwan, North Carolina, Russia, Connecticut, Arkansas

☆ I bought my first house in rural Scotland at 22. Housing is affordable in the countryside and I love it here.
▼ + stars: | 2024-03-06 | by ( Gouri Sharma | ) www.businessinsider.com time to read: +6 min

She bought a house in the Scottish countryside after graduating from university in Glasgow. AdvertisementThis as-told-to essay is based on a conversation with Simran Kaur, a 22 year-old tax associate living in Kilmarnock, Scotland. Four years later, I've graduated, landed a good job at an internationally renowned firm and bought my first house here. So, I started looking into both my home and job options. AdvertisementI chose Kilmarnock because house prices are affordable, and it is easy to commute to work and reach my relatives.

Persons: Simran Kaur, Kaur, —, I've, Ernst, Young, PWC, I'd Organizations: PwC, Service, Glasgow University, Motherwell, Kilmarnock Locations: India, Scotland, Scottish, Glasgow, Kilmarnock, Punjab, North India, Prestwick, Loch Lomond

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Haiyun Jiang/Bloomberg/Getty Images Haley takes the stage at her election night watch party in Charleston, South Carolina, in February 2024. Haley “won’t just go away,” said Katon Dawson, a longtime Haley ally and former chair of the South Carolina Republican Party.

Persons: Nikki Haley, Donald Trump, Haley, Trump, eked, “, ” Haley, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Haiyun Jiang, Nicole Craine, Anna Moneymaker, Kimberly Rice, ”, Haley’s, Ron DeSantis, Charles Koch, ‘ Won’t, “ I’m, Koch, Haley “ won’t, Katon Dawson, Ebony Davis, David Wright, Jennifer Agiesta Organizations: CNN, New, GOP, Trump, Republican Party, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, Republican, Washington Post, Bloomberg, Former South Carolina Gov, Granite State, Super, Florida Gov, Prosperity, New Hampshire, South Carolina, SFA Fund, South Carolina Republican Party Locations: New Hampshire, South Carolina, California, Texas, Vermont, Virginia, North Carolina, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Iowa, Grand Mound , Iowa, Miami, Concord , New Hampshire, Granite, MAGA, Utah, Super, Costa Mesa , California, Texas , Massachusetts, North Carolina , Virginia , Texas

☆ Trump-allied election groups burned through millions with no evidence of widespread fraud
▼ + stars: | 2024-03-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Jonathan Ernst | ReutersThe mission of the Election Integrity Alliance, likewise, was ending election fraud. "The Election Integrity Alliance will unite groups and efforts across the nation focused on combating election fraud," the group's now-defunct website trumpeted in 2021. But Trump never publicly designated the Election Integrity Alliance as the standard bearer for the MAGA universe's election integrity efforts. AFPI also launched an election integrity effort, the Center for Election Integrity, and staffed it with former Trump White House press aide Hogan Gidley and conservative author Ken Blackwell. It even launched its own color-coded election integrity scorecard map, which looks strikingly similar to the one that the Election Integrity Alliance had created for its now-deleted website.

Persons: Donald Trump, Shannon Stapleton, Joe Biden, Trump's, Brad Parscale, Parscale, Trump, Jonathan Ernst, Katrina Pierson, Pierson, Drew Angerer, Tim Dunn, Dunn, Jim Renacci, PCG, Jenna Ellis, Ken Paxton, Bernard Kerik, MAGA, Linda McMahon, Larry Kudlow, Brooke Rollins, AFPI, Hogan Gidley, Ken Blackwell, Cleta Mitchell Organizations: Winthrop Coliseum, South Carolina Republican, Reuters, Trump, Republican Party, CNBC, PAC, U.S, Alliance, Jefferson Rising Fund, Republican, Tower, Getty, hasn't, Partners, American, New York Police, Mar, Policy, Small Business, White, West Wing, Center, Trump White House, Heritage Foundation Locations: Rock Hill , South Carolina, U.S, United States, Manchester , New Hampshire, Texas, New York City, American, Ohio, Israel, New York, Trump, Florida, America, Palm Beach

☆ Daniela Klette: Red Army Faction suspect arrested in Germany
▼ + stars: | 2024-02-27 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Daniela Klette, a member of Germany’s notorious Red Army Faction (RAF) militant group, has been arrested in Berlin after decades on the run from armed robbery and attempted murder charges, prosecutors said on Tuesday. The arrest comes after a broadcast two weeks ago on the cold case show Aktenzeichen XY, in which a police appeal for information about three members of the group who are still at large, yielded 250 tips. Markus Heusler, the prosecutor on the case, confirmed that the woman detained on Monday, now aged 65, was Klette. She, along with the two other remaining fugitives from the gang, Burkhard Garweg and Ernst-Volker Staub, belong to the group’s so-called third generation. The charges facing Klette, along with Garweg and Staub, relate to millions of euros’ worth of armed robberies and at least one attempted murder committed between 1999 and 2016.

Persons: Daniela Klette, Markus Heusler, Burkhard Garweg, Ernst, Volker Staub, Andreas Baader, Ulrike Meinhof, Garweg, Staub, ” Organizations: Red Army Faction, Reuters, RAF Locations: Berlin, Cologne

☆ Red Army Faction Fugitive Wanted for Decades Is Arrested in Germany
▼ + stars: | 2024-02-27 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

One of Germany’s most wanted fugitives was arrested on Monday after living in plain sight in Berlin, just miles from the seat of government that the police say she fought to overthrow in the 1990s. The woman, Daniela Klette, who had evaded the police for decades, was wanted in connection with the bombing of a prison in 1993. The police say they believe she was a guerrilla with the Red Army Faction, originally know as the Baader-Meinhof gang, Germany’s most infamous postwar terrorist group. During her time in hiding, the police say, Ms. Klette and two accomplices, Ernst-Volker Staub and Burkhard Garweg, who are also wanted in connection with Red Army Faction activities, committed at least 13 violent robberies, netting them about two million euros (a little more than $2.1 million). The police also said they found two ammunition magazines and bullets in the apartment, but no gun.

Persons: Daniela Klette, Baader, Meinhof, Klette, Ernst, Volker Staub, Burkhard Garweg, Wall Organizations: Red Army Faction, Red Army Locations: Berlin, Kreuzberg

☆ 'Global convergence of favorable regulatory activity' is fueling crypto gains, says EY's Paul Brody
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Global convergence of favorable regulatory activity' is fueling crypto gains, says EY's Paul BrodyErnst & Young's global blockchain leader Paul Brody says global regulatory shifts in the crypto industry are "unblocking this enormous amount of institutional capital," adding that "there is a lot of water that's behind the dam."

Persons: EY's Paul Brody Ernst, Paul Brody

☆ Millennials Won the Stock Market Boom, Proved They're Good Investors
▼ + stars: | 2024-02-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +4 min

It turns out the Robinhood crowd was onto something when they piled into the stock market during the pandemic. As of 2019, people under 40 held 4.9% of total US wealth even though they’re 37% of the population. People over 54, who make up a similar share of the population, held 71.6% of total wealth. Nearing the end of 2023, under-40s controlled 6.7% of total wealth, while those over 54 had 72.8%. Now, the challenge is to try to keep at it, get some more luck in the stock market and, God willing, their own homes.

Persons: —, Young, Millennials, Zers, they’re, “, Nick Colas, ”, Colas, Ernst & Young, It’s, millennials, Emily Stewart Organizations: Federal Reserve Bank of New, New York Fed, DataTrek, Ernst &, Bloomberg, Business Locations: Federal Reserve Bank of New York, America

☆ Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
▼ + stars: | 2024-02-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

After the first rounds of return-to-office mandates in 2023, many companies are now introducing more punitive measures to make their employees come to the office — actively tracking attendance, micromanaging employees' time, and blocking remote workers from bonuses and career progression. AdvertisementThis week, Dell informed staff that most of its workers will have to come into the office an average of three days a week. Mike Blake/ReutersIn November, Amazon also added a no-promotions policy for perennial remote workers. For example, women — who tend to take on more responsibility for the family and therefore benefit more from flexible remote work policies — will take a bigger hit from punitive policies, Cooper said. The Equal Employment Opportunity Commission recorded a 16% increase in mental health disability complaints between 2021 and 2022 from employees who want remote work allowances, The Hill reported.

Persons: —, weren't, Dell, Andy Jassy, Mike Blake, Young, Cary Cooper, Cooper, Justin Garrison Organizations: Service, Forbes, Business, Citibank, BI, Amazon, Reuters, Google, Ernst, University of Manchester, Dell, Amazon Web Services, Tata Consultancy Services, Gallup, Employment, Commission Locations: London, United States

☆ Nikki Haley goes after Trump and Biden as ‘grumpy old men’ even as she courts older voters in South Carolina
▼ + stars: | 2024-02-06 | by ( Aaron Pellish | Kylie Atwood | ) edition.cnn.com time to read: +16 min

But the Haley campaign is also courting the support of South Carolina retirees, a growing portion of the Republican primary voter pool. She said on Twitter that this was her first Christmas card when she announced she would be running for the South Carolina state legislature. Nikki Haley/Twitter Haley celebrates with her family after being elected governor of South Carolina in November 2010. Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.

Persons: Hilton, Nikki Haley, ” Haley, Donald Trump’s, Trump, Joe Biden, Haley, Maureen Bulger, intently, ” Bulger, “, ”, Biden, NBC’s, Ron DeSantis, Anna Memmo, it’s, ” Memmo, Ray Makalous, he’s, ” Makalous, Laura Holtzman, “ Trump, ” Holtzman, ” ‘, ’ Haley, aren’t, Larry Greenwold, ” Greenwold, Greenwold, he’d, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Ed Spears, Spears, ” Spears, Carol Carty, ” Carty, “ It’s, that’s, “ I’ve, Trumper Organizations: , South Carolina CNN, South, Republican, Census Bureau, Biden, Hilton Head, New, Democratic, Republican Party, Trump, Florida Gov, Washington Post, Monmouth University, United Nations, CNN, State House, New York Times, Twitter, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention Locations: , South Carolina, South Carolina, New Jersey, United States, New Hampshire, Trump, Iowa, Virginia, Hilton Head, Kansas, New York, CNN’s New Hampshire, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, Syrian, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami

☆ These 20 GOP senators are already opposed to the bipartisan border security proposal — and more could soon join them
▼ + stars: | 2024-02-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewNearly half of the Senate Republicans have announced that they will oppose a bipartisan agreement to toughen US immigration laws and enact new border security measures. John Thune of South Dakota and Joni Ernst of Iowa, both members of the Senate GOP leadership. Former President Donald Trump has forcefully come out against the agreement while also saying that changes to border policy "should not be tied to foreign aid in any way, shape, or form." Yet that's exactly what Republican senators insisted upon when President Joe Biden requested additional foreign aid from Congress in October. And while most of the GOP opposition stems from a desire for more stringent policies, some Republicans have suggested that they do not want to do anything that might help Biden politically.

Persons: —, John Thune of, Joni Ernst of Iowa, Mitch McConnell, Sen, James Lankford of, Democratic Sen, Chris Murphy, Independent Sen, Kyrsten, Israel —, Donald Trump, Joe Biden, Biden Organizations: Service, Republicans, GOP, Business, Democratic, Independent, Senate, Israel Locations: Sens, John Thune of South Dakota, James Lankford of Oklahoma, Connecticut, Arizona, Ukraine

☆ Ahead of Election, Pakistan Seals Plan to Sell National Airline
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +8 min

"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad told Reuters when asked about the plan to sell the airline. Details of the privatisation process have not been previously reported. PIA had liabilities of 785 billion Pakistani rupees ($2.81 billion) and accumulated losses of 713 billion rupees as of June last year. Its CEO has said losses in 2023 were likely to be 112 billion rupees. PIA spokesman Abdullah Hafeez Khan said the airline was assisting the privatisation process, extending "full cooperation" to the transaction adviser.

Persons: Asif Shahzad, Fawad Hasan Fawad, Fawad, Ernst & Young, Shamshad Akhtar, Abdullah Hafeez Khan, Nawaz, Nawaz Sharif, Imran Khan, Sharif's, Ishaq Dar, EASA, Brendan Sobie, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistan International Airlines, International Monetary Fund, PIA, IMF, Reuters, Caretaker, Ernst &, Ernst, FAST, Pakistan Muslim League, European Union Aviation Safety Agency, Heathrow, Manchester, Birmingham, Kuwaiti Locations: Asif Shahzad ISLAMABAD, Pakistan, Czech, Hungarian, Karachi, Europe, Kuala Lumpur, Toronto, Singapore, East, North America, Paris, New York

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ Younger workers are actually using AI on the job less than Gen X and millennials
▼ + stars: | 2024-01-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Digital natives like Gen Z may appear to be more open to using AI than older workers. Gen Xers and millennials employed in the US were found to use ChatGPT at work more than Gen Zers. Surprisingly, the consulting giant found that older American workers appear to be more open to using AI than their younger counterparts. For some Gen Zers, using AI has helped in their jobs. While some studies find that generative AI has saved hours of work, others suggest that using ChatGPT can make workers perform worse.

Persons: Young, Xers, millennials, Zers, —, Ernst & Young, Gen, they've, Marcie Merriman, Merriman, Gen Zers —, doesn't, Z, Dan Diasio, Morgan Young Organizations: Ernst, Service Locations: Americas

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