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☆ Defense giant BAE Systems linked to arms deals in countries accused of human rights abuses, report finds
▼ + stars: | 2024-04-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — BAE Systems , the U.K.'s largest defense contractor, has established trading relationships with countries accused of human rights abuses, according to a new report that reveals the extensive reach of its lucrative arms business. Included in those are 13 countries on the U.K.'s human rights abuse watchlist, as well as 29 countries whose military actions have injured or killed civilians. It comes as BAE Systems sales have surged, hitting £194 billion ($242 billion) in the 10 years to 2022, with cumulative operating profits totalling £17 billion over the period, according to the report. The report said the booming trade highlighted how some defense companies were profiting from the lucrative arms trade amid rising global instability. "We know it's a bonanza right now for military sales," Overton said Tuesday, during a press briefing for the report's release.

Persons: Joseph Rowntree, Iain Overton, Overton Organizations: BAE Systems, Joseph, Joseph Rowntree Foundation, BAE, CNBC

☆ A dangerous undercurrent is pulling Americans toward the political extreme. The media is turning a blind eye to it
▼ + stars: | 2024-01-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —There is a dangerous undercurrent dragging Americans who wade into the political waters out toward the extreme. But much of the national press, basking ashore on the sun-soaked beach, refuses to acknowledge it in a serious manner. Instead, many journalists have grown comfortable glossing over the treacherous rip tide lurking beneath the surface of the water before their very eyes. Embarrassingly, Ron DeSantis has done more in recent days than most in the press to call attention to the matter. For one, it is still perhaps uncomfortable to acknowledge the depths of dishonesty in which much of right-wing media now operates.

Persons: Joe Biden, Donald Trump, —, Ron DeSantis, assailing Trump, Breitbart, Trump, it’s Organizations: New York CNN, Republican Party, Trump, Fox News Locations: New York, Iowa, Overton, Florida

☆ 8-year-old CEO got a $50,000 'Shark Tank' offer from two billionaires: 'I believe you're going to be a winner'
▼ + stars: | 2023-10-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

On Friday's episode, that kid was Gavin Batarse, an avid baseball player and the CEO of Glove Wrap. "Just place a ball in a glove and wrap it up with Glove Wrap. Some players wrap baseball gloves in rubber bands or stuff them under sofas. The potential market is large, spanning millions of kids and Major League Baseball players alike in the U.S. alone. The deal: $50,000 for a 22% equity stake in Glove Wraps.

Persons: Gavin Batarse, Jon, Morgan Batarse, Gavin, sofas, Gavin didn't, Mark Cuban, Michael Rubin, " Rubin, Still, Rubin, he'd, Cuban, Mark, Morgan, Gavin isn't, Sofi Overton, Lori Greiner, Daymond John, Barbara Corcoran Organizations: Baseball, Major League Baseball, Sporting Goods, Sharks, Wise, Products, Twitter, CNBC Locations: Orange County , California, U.S, Cuban

☆ The 45-year history of The Cheesecake Factory: How a family bakery turned into global restaurant chain with an enormous menu
▼ + stars: | 2023-08-29 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

The first The Cheesecake Factory restaurant opened in Beverly Hills, California, in 1978. Its CEO and founder, David Overton, opened it to promote his mother's cheesecake business. And we knew people loved it," Cheesecake Factory CEO David Overton said in a video on the company's website. Overton is referring to his mom's cheesecake business. Over the next 45 years, Overton turned his mom's cheesecakes into a national sensation.

Persons: David Overton, Overton, Evelyn Overton, I've Organizations: Factory, Service, cheesecakes, Walmart Locations: Beverly Hills , California, Wall, Silicon, Detroit, Los Angeles, Target

kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.

Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, ’, he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, “, casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, ”, Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland

☆ Eyeing China in the Pacific, US studies explosives to make missiles fly further
▼ + stars: | 2023-08-02 | by ( Mike Stone | ) www.reuters.com time to read: +5 min

China views the U.S. in the Pacific as a threat, ramping up its own military presence in response. "Unfortunately, the Pentagon has grown complacent using 1940s-era energetics and neglected advanced energetics like CL-20 that are necessary to increasing the range and lethality of our force. In the last decade, when explosive weapons were used in populated areas, 90% of those reported killed or injured globally were civilians." The House version does not name any weapons, but Bob Kavetsky with the Energetics Technology Center said candidates for the new chemicals include the Lockheed Martin-made (LMT.N) long range anti-ship missiles and extended range air-to-surface missiles. Other candidates include Harpoon anti-ship missile made by Boeing (BA.N) and Javelin anti-tank weapons made by Lockheed and RTX (RTX.N).

Persons: U.S . Navy Arleigh, Burke, Curtis Wilbur, Read, Mike Gallagher, Kathleen Hicks, Tom Karako, Karako, Iain Overton, Bob Kavetsky, Lockheed Martin, Mike Stone, Chris Sanders Organizations: U.S . Navy, Pacific Vanguard, U.S . Naval, Pentagon, Reuters, Democrat, Republican, Navy, Energetics Technology Center, Northrop Grumman Corp, CL, L3Harris Technologies, Department of Defense, Army, Air Force, energetics, Center for Strategic, International Studies, Lockheed, Boeing, Thomson Locations: Australia, Japan, Republic of Korea, U.S, Philippine, WASHINGTON, Pacific, China, California, United States, Washington

[1/5] An eight-year-old male African lion rests on the plains of Kafue National Park, Zambia, September 19, 2020. In the recent assessment, scientists found that more lion cubs were born into Kafue prides from 2018 to 2021. A half-century of intensive poaching has decimated wildlife populations in Africa's third-largest national park, as it has across much of the continent, with Kafue's free-roaming big cats among the victims. Bushmeat poachers have targeted the lions' grass-eating prey, leaving too little behind for the park's 200 or more of these hungry carnivores. "African white-backed vultures will come in really large numbers," said Corinne Kendall, curator of conservation and research at North Carolina Zoo which is leading the program.

Persons: Sebastian Kennerknecht, Kim Young, Overton, Panthera's, Andrew Loveridge, Corinne Kendall, It's, it's, Kendall, Gloria Dickie, Sharon Singleton Organizations: Reuters, Leopards, Africa Parks, Zambia's Department of National Parks and Wildlife, North Carolina Zoo, Thomson Locations: Park, Zambia, Handout, Kafue, Africa, West Africa, London

In the recent assessment, scientists found that more lion cubs were born into Kafue prides from 2018 to 2021. A half-century of intensive poaching has decimated wildlife populations in Africa's third-largest national park, as it has across much of the continent, with Kafue's free-roaming big cats among the victims. [1/5] An eight-year-old male African lion rests on the plains of Kafue National Park, Zambia, September 19, 2020. But the carcasses also attract the critically endangered white-backed vultures, whose population has declined by more than 90% across West Africa in the past 40 years, largely due to poisoning. "African white-backed vultures will come in really large numbers," said Corinne Kendall, curator of conservation and research at North Carolina Zoo which is leading the program.

Persons: Kim Young, Overton, Panthera's, Andrew Loveridge, Sebastian Kennerknecht, Corinne Kendall, It's, it's, Kendall, Gloria Dickie, Sharon Singleton Organizations: Reuters, Leopards, REUTERS, Africa Parks, Zambia's Department of National Parks and Wildlife, North Carolina Zoo, Thomson Locations: Kafue, Park, Zambia, Handout, Africa, West Africa, London

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

Japan is a country of more than 127 million people, but it rarely sees more than 10 gun deaths a year. Culture is one reason for the low rate, but gun control is a major one, too. Japan, a country of 127 million people and yearly gun deaths rarely totaling more than 10, is one such country. Japan is a country with regulations upon regulationsJapan's success in curbing gun deaths is intimately linked with its history. The government has since loosened the law, but the fact Japan enacted gun control from the stance of prohibition is important.

On Sunday, two climate activists hurled mashed potatoes at “Les Meules,” a valuable Claude Monet painting in a German museum. If climate activists focused only on symbols directly related to what is damaging the planet — like a pipeline or an oil refinery — then it may not have gotten quite the same buzz. If climate activists focused only on symbols directly related to what is damaging the planet — like a pipeline or an oil refinery — then it may not have gotten quite the same buzz. In order to shift the public’s conception of acceptable climate policies, it’s essential the media cover the issue in a big way. “Climate change is no longer just a science story,” said Max Boykoff, lead project investigator for the observatory.

☆ Millennials and Gen Z want to stop a climate catastrophe. But first they have to get elected.
▼ + stars: | 2022-09-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +24 min

Sen. Dianne Feinstein, a California Democrat, told young climate activists in 2019, "You didn't vote for me." AP Photo/Gemunu AmarasingheBut most policy debates aren't genuinely existential in the way climate change is. "Younger Democrats tend to have a much more friendly relationship and response to the party's activist class than older Democrats do." Fossil-fuel interests have played a central role in stymieing progress on climate change for decades. Nearly a decade later, Trump ran for and won the presidency — with Gingrich's early and staunch support — while calling climate change a "hoax."

☆ Fear and loathing on Wall Street: Inside the paranoid, hyper-competitive onslaught to prevent quant traders from defecting to rivals
▼ + stars: | 2022-07-31 | by ( Alex Morrell | ) www.businessinsider.com time to read: +23 min

Current and former employees at prominent quant trading operations spoke to Insider anonymously for this story, citing fear of legal reprisals. "At the NSA, the penalty for leaking is twenty-five years in prison," Simons liked to tell employees, according to Gregory Zuckerman's book "The Man Who Solved the Market." In the early 2000s, quant noncompetes were narrower and shorter — six to nine months was industry standard, quant recruiters who had to navigate these obstacles told Insider. But it has aggressively pursued employees it believes have crossed the firm, according to court filings and media reports. Absent such changes, quant noncompetes will likely continue to proliferate with little resistance from employees.

Persons: Ken Griffin, they'd, It's, Matt Moye, they've, David Marshall, Jim Simons, George Soros, John Paulson, Philip Falcone, Jonathan Ernst, RenTech, Simons, Gregory Zuckerman's, Moye, quant, Pavel Volfbeyn, Alexander Belopolsky, spooked, Eric Wepsic, Shaw, —, Izzy Englander, Rick Wastrom, Smith Hanley, Jane Street burgeoned, Peter Friedman, Brennan Hughes, Griffin —, They've, Friedman, Chase Lochmiller, Ray Dalio, Jane Street, Hughes, Samuel Estreicher, Estreicher, I'm, David, Wastrom, Marshall, noncompetes Organizations: Citadel Securities, Renaissance Technologies, Citadel, St John's Law School, Center for Labor, Employment, REUTERS, NSA, Fund, RenTech, Millennium Management, Millennium, D.E, Trading, Integra Advisors, Wall, Google, Sigma, Polychain, Getty, Bridgewater Associates, National Labor Relations Board, Schonfeld Strategic Advisors, Group, New York University, school's Center for Labor, John's Law, —, New Locations: America, Bridgewater, New York, Hudson, Riker's Island, Houston, Chicago, Connecticut, — California, St, New York , Illinois

☆ Mississippi banned most abortions to be the 'safest state' for the unborn. Meanwhile, one in three Mississippi kids lives in poverty.
▼ + stars: | 2021-11-26 | by ( Sarah Fowler | ) www.businessinsider.com time to read: +16 min

Mississippi lawmakers said the ban on most abortions after 15 weeks makes Mississippi 'the safest state in the country' for the unborn. "We've had so many state leaders who have talked about wanting Mississippi to be the safest state in the country for unborn babies. It's even higher for kids: one in three Mississippi children live in poverty. Each of the women has dedicated their life to helping Mississippi women and families. More than 100,000 Mississippi children should be eligible, but in 2019 – the most recent year for which there's data – just 20,900 benefited from the program.

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