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I don’t think it’s an exaggeration to say that the Intergovernmental Panel on Climate Change’s 2018 report on global warming drastically changed the way many people thought — or felt — about the climate crisis. That report laid out, with grim clarity, both the importance and extreme difficulty of preventing global warming from reaching 1.5 degrees Celsius above preindustrial levels. Its warnings about what was likely to happen to our planet if we didn’t turn things around were severe. The starkness of the I.P.C.C.’s report led to a surge of pessimism, fear and, in response to those emotions, climate activism that hasn’t really abated. But recently there has been a growing counterresponse to those darker feelings, including from some experts who have a clear view on what’s coming — and that response is a cautious optimism.
Hosts broke out bottles of expensive orange soda that they freely mixed with expensive warm beer. We could not escape drinking this any more than we could escape our government-assigned “guide,” whose job was to strictly monitor visitors like us. My students were coal mining engineers preparing to study abroad, so that they might bring back safer mining techniques. After class, my students would bring stools out to the basketball court where, each facing a different direction, they would sit and study for hours on end. Loving their country and wanting to make it strong, they were grateful for Westerners like me.
Persons: Organizations: Shandong Mining Institute Locations: Nanjing, China, Shanghai
On a Monday morning last month, tech executives, engineers and sales representatives from Amazon, Google, TikTok and other companies endured a three-hour traffic jam as their cars crawled toward a mammoth conference at an event space in the desert, 50 miles outside Riyadh. The lure: billions of dollars in Saudi money as the kingdom seeks to build a tech industry to complement its oil dominance. To bypass the congestion, frustrated eventgoers drove onto the highway shoulder, kicking up plumes of desert sand as they sped past those following traffic rules. A lucky few took advantage of a special freeway exit dedicated to “V.V.I.P.s” — very, very important people.
Persons: eventgoers Organizations: Amazon, Google Locations: Riyadh
Rough seas were a fitting symbol for this week’s meeting of Group of 7 foreign ministers on the Italian island of Capri. Coast Guard ships that ferried V.I.P.s across the Gulf of Naples to the island on Wednesday swayed precariously, leaving the passengers reaching for their motion-sickness medicine — and, in some cases, their sick bags. Though no ministers from this elite international coalition, including Secretary of State Antony J. Blinken, were known to have lost their lunch, the global problems they confronted were enough to make even a seasoned diplomat queasy: the risk of war between Iran and Israel, the nightmare in Gaza and Ukraine’s uncertain fate. At the luxurious Grand Hotel Quisisana, Mr. Blinken came determined to project unity within a group that includes Britain, Canada, France, Germany, Italy, Japan, the United States and the European Union. First created to help stabilize the world economy, the G7 has grown more active and ambitious in recent years, seeking to shape geopolitics and to be “a steering committee for the world’s most advanced democracies,” as Mr. Blinken put it in a closing news conference on Friday.
Persons: precariously, Antony J, Blinken, queasy Organizations: Coast Guard, European Union Locations: Capri, of Naples, Iran, Israel, Gaza, Britain, Canada, France, Germany, Italy, Japan, United States
Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.
Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, , “ Wonka, Barbie, “ Oppenheimer, , goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American
The crisis in Gaza is entirely human-made, a result of Israel’s war on Hamas and a near-complete siege of the territory, aid experts say. For years before the latest war, Gaza was subject to an Israeli blockade, backed by Egypt. Image A child being treated for malnutrition at Kamal Adwan Hospital in northern Gaza last week. Critics of the way Israel is conducting the war say that the hunger crisis derives largely from Israeli restrictions on where trucks can enter and from an onerous inspection process. (UNRWA said last month that Israel had denied the group access to northern Gaza, though Israel has rebutted that claim.)
Persons: , Jens Laerke, Kamal Adwan, Mahmoud Issa, José Andrés, Arif Husain, Gazans, Israel, Biden, ” Adam Sella Organizations: Hamas, United Nations, Kamal, Reuters, Food Locations: Israel, Gaza, United Nations, Sudan, Somalia, Egypt, Gaza’s, South Sudan, Israeli, United
Medical Debt has grown from a tiny nonprofit group that received less than $3,000 in donations to a multimillion-dollar force in health care philanthropy. Medical Debt estimates that it has eliminated more than $11 billion of debt with the help of major donations from philanthropists and even city governments. But a study published by a group of economists on Monday calls into question the premise of the high-profile charity. After following 213,000 people who were in debt and randomly selecting some to work with the nonprofit group, the researchers found that debt relief did not improve the mental health or the credit scores of debtors, on average. And those whose bills had been paid were just as likely to forgo medical care as those whose bills were left unpaid.
Persons: Eric Adams Organizations: New York City’s Locations: R.I.P, New York
Last year, Meeson Pae, a Korean American multidisciplinary artist, walked through the Frieze Los Angeles art fair and thought, “One day, I hope to be here.”This year, she will be, in the booth presented by the gallerist Anat Ebgi at the fair, at the Santa Monica Airport, which opens to V.I.P.’s on Thursday and to the public on Friday. Pae is just one of the dozens of Asian artists, gallerists, curators and collectors in Los Angeles who over the last few years have been gaining recognition and attention from the city’s galleries, museums and the marketplace. The art world’s recent emphasis on equity and inclusion is moving beyond a focus on Black and Latino contributions to include Asian Americans and Pacific Islanders, who have a long history in the city but until recently have tended to be left out of any discussion of the art market, and may have experienced discrimination — even racist incidents — during the Covid-19 pandemic. In Los Angeles, Asian Americans represent the third largest racial group, behind Latinos and whites. And California’s Asian American and Pacific Islander population grew by 25 percent over the past decade, faster than any other ethnic group in the state.
Persons: Meeson, Anat Ebgi, Pae Organizations: Frieze, Santa Monica Airport, Pacific Islanders, Pacific Locations: Korean American, Angeles, Los Angeles, Asian, Pacific Islander
It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.
Persons: , aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China
On a recent Wednesday afternoon, Dan Perkin and Scott Bissmeyer, work buddies on vacation, sat on metal bleachers watching the Portland Timbers play the San Jose Earthquakes in the first of four preseason Major League Soccer games that day. Self-described “M.L.S. road trippers,” they have visited numerous M.L.S. stadiums, and have watched teams in Tucson, Ariz., where as many as 11 clubs came together for preseason training in the past. teams — along with two from the United Soccer League and four from the National Women’s Soccer League — gathered at a 1,000-acre property outside Palm Springs, Calif., for preseason training, Mr. Perkin and Mr. Bissmeyer decided to check it out.
Persons: Dan Perkin, Scott Bissmeyer, Perkin, Bissmeyer Organizations: Portland Timbers, San Jose Earthquakes, Major League Soccer, United Soccer League, National Women’s Soccer League — Locations: , Tucson, Ariz, Palm Springs, Calif
ImageReddit’s bet on RedditorsReddit is the latest company set to test the uncertain I.P.O. market, after the unprofitable social media company built around an avid community of newshounds, cryptocurrency devotees and reality TV fans filed to go public. The company is seeking a valuation of at least $5 billion and DealBook sifted through its prospectus to figure out its pitch to investors. demand that’s fueling a global stock market rally. But whether that’s enough to push Reddit to become profitable is a big question hanging over the listing.
Persons: Reddit, Google that’s Organizations: Google Locations: newshounds, A.I
Every Super Bowl Sunday, thousands of gamblers head to the Grand Sierra Resort and Casino, the largest of its kind in northern Nevada, to bet on the big game and party with fellow football fans. High rollers dine on all-you-can-eat buffets and the champagne flows in V.I.P. Some of the fans considered traveling to Las Vegas, where the Super Bowl was played for the first time this year. But they did not want to battle the crowds only to pay daunting prices for hotels and meals. Reno may lack the buzz of Las Vegas, they said, but the self-proclaimed Biggest Little City in the World had the benefit of being affordable and convenient, roughly a four-hour drive from the Bay Area.
Persons: William Hill Sportsbook Organizations: Sunday, Grand Sierra, Bowl, San Francisco 49ers, Little City Locations: Nevada, V.I.P, California, Las Vegas, Reno, Vegas, Bay
Public companies must abide by strict rules when granting stock options to their top executives, including pricing them where the company’s shares are trading on the day they are granted and disclosing them swiftly. Private companies planning to go public face some of the same requirements, but have more leeway in pricing their stock options — since there is no publicly traded price — and more time to disclose them. That discrepancy has prompted dozens of private companies to give their top managers low-priced options in the weeks leading up to their initial public offering — when they can often accurately predict where their shares are likely to trade, but before public company regulations about options pricing kick in, according to a new research paper by Sven Riethmueller, a professor at Yale Law School. “They just slide in these equity grants at the last minute,” said Mr. Riethmueller, referring to the options. He called the practice “11th-hour options discounting.”
Persons: Sven Riethmueller, Organizations: Yale Law School,
Family fun, action epics, historical dramas, teen comedy — there’s a little something for everyone among the titles leaving Netflix in the United States in February. ‘Chicken Run’ (Feb. 14)Stream it here. With the long-awaited made-for-Netflix sequel “Chicken Run: Dawn of the Nugget” having hit the service barely six weeks ago, you’d think Netflix would have licensed the original installment for a bit longer. ‘Prometheus’ (Feb. 14)Stream it here. ‘Real Steel’ (Feb. 14)Stream it here.
Persons: Wallace, Gromit, , Ridley Scott, James Cameron, David Fincher, Scott, Theron, Michael Fassbender, It’s, ‘ E.T, Rocky ’, that’s, Roger Ebert, Shawn Levy orchestrates, earnestness, Hugh Jackman Organizations: Netflix Locations: United States
More than a decade ago, when Ryan Guererri was in his early 20s, he became obsessed with craft beer. As breweries rolled out a nonstop roster of new products, he bought hundreds of different beers, from bitter I.P.A.s to strong Belgian ales. “It was exciting trying everything,” said Mr. Guererri, who is now 35 and a human resources manager in Geneva, N.Y. These days, Mr. Guererri mainly stocks his fridge with just a small collection of tried-and-trusted brands. His move to simplicity reflects a broader shift in the beer world.
Persons: Ryan Guererri, , Guererri Locations: Geneva, United States
It Generated a Copyrighted Image. image generator, to create an image of Joaquin Phoenix from “The Joker.” In seconds, the system made an image nearly identical to a frame from the 2019 film. Reid Southen Create an image of Joaquin Phoenix Joker movie, 2019, screenshot from a movie, movie scene Midjourney’s response Generated by A.I. Mr. Southen Create an image of Dune movie screencap, 2021, Dune movie trailer Midjourney’s response Generated by A.I. Mr. Southen Create an image of “The Last of Us 2,” Ellie with guitar in front of tree Midjourney’s response Generated by A.I.
Persons: Reid Southen, Midjourney, Joaquin Phoenix, , Southen’s, “ Joaquin Phoenix, Sega’s, Woody, watchdogs, Sarah Silverman, John Grisham, OpenAI, Southen, Keith Kupferschmid, Kupferschmid, Ellie, Gary Marcus, “ Marcus, ChatGPT, SpongeBob, chatbot, Kathryn Conrad, Marcus, Microsoft Bing, Mario, Conrad Organizations: Warner Bros, Marvel, The New York Times, Times, Microsoft, Copyright Alliance, New York University, Viacom, University of Kansas, Nintendo Locations: Michigan, A.I, Italian
Jack Ma Doubles Down on Alibaba
  + stars: | 2024-01-23 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +6 min
(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.
Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, , Paris, New Hampshire, Dixville
WHO OWNS THIS SENTENCE? A History of Copyrights and Wrongs, by David Bellos and Alexandre MontaguDavid Bellos and Alexandre Montagu’s surprisingly sprightly history “Who Owns This Sentence?” arrives with uncanny timing. How quaint Harold Bloom’s “anxiety of influence” theory of the Romantic poets now seems, amid the current cut-and-paste panic. Like a corrupt police officer, artificial intelligence is scanning for more plagiarism perps, while itself stealing writers’ words. Bellos, a translator and biographer, and Montagu, a lawyer, step confidently behind the yellow tape to guide us around.
Persons: David Bellos, Alexandre Montagu David Bellos, Alexandre Montagu’s, , Eve hangovers, Smokey Bear, Harold Bloom’s “, , Montagu Organizations: WHO,
The Davos consensus on the presidential electionPublicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. presidential election. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said. “Trump is already the president at Davos — which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel. A little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016.
Persons: haven’t, Donald Trump, DealBook, Trump, Jamie Dimon, JPMorgan Chase, Andrew, , ” Dimon, , MAGA, bode, “ Trump, ” Alex Soros, George Soros, Hillary Clinton, Sting, Biden, It’s, Reddit, Macy’s, Tony Spring, Warren Buffett, Morningstar Organizations: Economic, JPMorgan, CNBC, Trump, NATO, Biden, Trump’s Republican, Davos, Apple Watch, Reuters, Investors Locations: Davos, Switzerland, U.S, China, American, Indonesia, E.S.G
On the same soundstage where Bob Barker lorded over “The Price Is Right,” “Squid Game” is coming to life. On Wednesday, Netflix will unveil its latest live experience, based on the dystopian hit show in which desperate South Koreans competed in a brutal contest of simple schoolyard games for a prize of 45.6 billion won (around $38 million). If they chose incorrectly, they descended hundreds of feet to their death. To feel even more like a character on the show, customers can buy a tracksuit for $50 and wear it during the experience. ticket option: In a nod to the original, you can watch the unfortunate masses compete in the games while you sip cocktails in a swanky lounge.
Persons: Bob Barker lorded, Losers Organizations: Netflix
Shein’s Big I.P.O. Test
  + stars: | 2023-11-28 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Shein aims to win over Wall Street and WashingtonIn filing confidentially for an initial public offering, Shein, the ultrafast-fashion retailer, is showing ambition on two fronts. The company and its underwriters are betting that investors will be more receptive to I.P.O.s, even though high-profile market debuts this fall largely fizzled out. Shein is also testing whether it can endure what’s likely to be an increase in political heat on the China-founded e-commerce giant. The company has also set up operations in Ireland and Indiana and hired an array of lobbyists in the U.S. “No one should be fooled by Shein’s efforts to cover its tracks,” Senator Marco Rubio, Republican of Florida, wrote in a letter to other lawmakers.
Persons: Marco Rubio Organizations: Wall, Washington, underwriters, Republican Locations: China, Washington, Singapore, Nanjing, Ireland, Indiana, U.S, Florida
In recent years, Shein has gained popularity among U.S. consumers, particularly teenagers and young adults, for its wide variety of low-priced trendy apparel and accessories. But Shein has also faced claims that it has copied designs and unevenly benefited from a U.S. trade rule that allows it to avoid paying custom fees. In April, two members of Congress asked the Securities and Exchange Commission to require Shein, as a condition of its expected offering, to certify through an independent party that it doesn’t use Uyghur forced labor. It has also teamed up with Forever 21, the fast-fashion mall stalwart, which could lead to more Shein apparel in brick-and-mortar locations. In June, a trip that it hosted for influencers at some of its warehouses in China was widely panned on social media as being tone-deaf.
Persons: Shein, ” Shein Organizations: Securities and Exchange Commission, influencers Locations: U.S, Xinjiang, China
Microsoft had no official say with the board when Altman, the company’s key contact, was fired. That is partly as a hedge for the fact it has no control over the start-up’s board. It involves the holy grail of OpenAI’s work: achieving artificial general intelligence, or A.G.I. Scott Syphax, a corporate governance expert, told DealBook that the deal could raise red flags with regulators if it threatens the nonprofit’s tax-exempt status. Another area Syphax is watching: the valuation that Microsoft placed on OpenAI after its investment and whether it acquired the I.P.
Persons: Altman, Nadella, Kara Swisher, Brockman, , Microsoft’s, Scott Syphax, DealBook, Bill Gurley, Satya Organizations: Microsoft, Times Locations: , Grubhub
Social media’s antisemitism problemThe rise in antisemitism since the outbreak of war in the Middle East has ignited a clash between Wall Street donors and universities, and divided some workplaces. Now, the pressure is building on social media platforms, particularly Elon Musk’s X and TikTok, with advertisers, celebrities and influencers pulling spending and confronting executives about the proliferation of hate speech. He posted to X his support for white nationalist conspiracy theories that Jewish communities were spreading hatred. Yaccarino was brought in to win back advertisers after Musk bought Twitter last year and culled many content moderators. More than a dozen Jewish celebrities and creators, including the actors Sacha Baron Cohen, Debra Messing and Amy Schumer, confronted TikTok executives this week.
Persons: Elon Musk’s, Adolf Hitler, Musk, X’s, Linda Yaccarino, Yaccarino, “ Linda, ” Martin Sorrell, DealBook, TikTok, Sacha Baron Cohen, Debra Messing, Amy Schumer, “ Hitler, Anne Frank ”, Cohen, , Osama bin, bin Laden, , Alex Haurek, George Santos, Biden, Xi Jinping, Doug McMillon, Walmart’s, , ” Brian Cornell, Organizations: IBM, Media, America, Nazi Party, Apple, Oracle, Defamation League, Twitter, S4 Capital, House, Big, General Motors, Hyundai, Republican, Justice Department, Business, APEC, West Texas Intermediate, Consumers, Depot, Walmart Locations: TikTok, New York, Hong Kong, China, San Francisco, Beijing, Washington, U.S
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .
Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia
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