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☆ CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. The Dow Jones Industrial Average jumped 350 points as investors bet the Federal Reserve may cut rates in September. Inflation easesApril's consumer price index rose 0.3%, slightly less than expected, while on a 12-month basis, inflation increased 3.4% in line with economists' forecasts.

Persons: JPMorgan Chase Jamie Dimon, Dimon, Anton Peraire, James Peraire, Biden, Morgan Stanley Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, JPMorgan, Sky News, U.S . Treasury Department, GameStop, AMC, Justice, MIT, U.S Locations: New York City, America, cryptocurrency, China

☆ 2 brothers were just charged by the Justice Department over a $25 million crypto heist that took 12 seconds
▼ + stars: | 2024-05-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Two brothers were arrested and charged with pulling off a $25 million crypto heist in seconds. The DOJ said the Peraire-Bueno brothers tampered with the ethereum blockchain and funneled money to private accounts. AdvertisementTwo brothers were arrested and charged with a major crypto heist, the Department of Justice said on Wednesday. The pair stole around $25 million worth of crypto in a heist that took about 12 seconds. The Peraire-Bueno brothers were arrested on Tuesday and are set to appear in two separate courts Wednesday afternoon.

Persons: Bueno, —, Anton Peraire, James Peraire, Damian Williams, they've Organizations: DOJ, Service, Department of Justice, New, IRS, Southern, Justice Department Locations: Boston, New York

☆ U.S. Suspends Funding for Group at Center of Covid Origins Fight
▼ + stars: | 2024-05-15 | by ( Benjamin Mueller | ) www.nytimes.com time to read: +1 min

The Biden administration, under acute pressure from House lawmakers, moved on Wednesday to ban funding for a prominent virus-hunting nonprofit group whose work with Chinese scientists had put it at the heart of theories that Covid leaked from a lab. Republicans went further, demanding that Peter Daszak, the president of the nonprofit, EcoHealth Alliance, be criminally investigated. For EcoHealth, which relied on federal funding to study the threat of wild animal viruses, the loss of funding is another twist in a saga that has long dominated discussions of how the pandemic began. In April 2020, under orders from the Trump administration, the National Institutes of Health terminated a grant to EcoHealth amid President Donald J. Trump’s feud with China over the origin of the coronavirus. had failed to give a proper cause for ending the grant, which supplied an average of roughly $625,000 per year.

Persons: Peter Daszak, Trump, Donald J, Trump’s Organizations: Biden, Department of Health, Human Services, Republicans, EcoHealth Alliance, National Institutes of Health Locations: Wuhan, China

☆ Morgan Stanley says these stocks could win as U.S.-China trade tensions resurface
▼ + stars: | 2024-05-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The Biden administration's decision to impose tariffs on $18 billion worth of imports from China could help a handful of stocks break out, according to Morgan Stanley. Stocks that are poised to benefit include U.S. automakers Ford and General Motors , as well as solar panel manufacturer First Solar . Morgan Stanley maintains an overweight rating on First Solar stock. GM YTD mountain General Motors stock. Morgan Stanley maintains an overweight rating on both Ford and GM.

Persons: Morgan Stanley, Laura Sanchez, Sanchez Organizations: Biden, White, U.S, Ford, General Motors, Wall, Department of Commerce and International Trade Commission, GM Locations: China, Cambodia, Malaysia, Thailand, Vietnam

☆ The top 10 most affordable colleges on the 'New Ivies' list from Forbes—2 are private schools
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Going to an Ivy League school for college may help you earn a competitive salary down the line. The average tuition price across the Ivy League colleges is $64,829 — and that's before factoring in housing, food, books and other fees, according to the schools' latest available listed prices. Often, as is the case with Ivy League schools, private colleges can offer better financial aid packages through institutional grants and scholarships. These are the 10 new Ivies with the lowest average net price, according to Department of Education data:1. University of Michigan—Ann ArborOut-of-state tuition: $27,864 (figure reflects 2023-24 tuition price, 2024-25 price not available)Average net price: $16,7928.

Persons: University of Texas — Austin Organizations: Ivy League, Princeton University, Harvard College, Department, Education's, Forbes, —, CNBC, of Education, University of Florida, University of North, Georgia Institute of Technology, Rice, University of Illinois, University of Maryland —, University of Michigan, University of Wisconsin —, University of Texas —, Johns Hopkins Locations: University of North Carolina, University of Illinois Urbana — Champaign, Ann Arbor

☆ Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
▼ + stars: | 2024-05-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden's Education Department is giving student-loan borrowers more time to get closer to debt cancellation. On Wednesday, the Education Department announced that it's extending the deadline for borrowers to benefit from the one-time account adjustments. To receive the account adjustment automatically, borrowers must be in the federal direct loan program or have federally held loans in the Federal Family Education Loan program. "FFEL borrowers should consolidate as soon as possible in order to receive this benefit that has already provided forgiveness to nearly 1 million borrowers." Since the adjustments began, according to the department, 996,000 borrowers have received $49.2 billion in debt relief.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Joe Biden's Education, Education Department, Public, Business, Family Education, Education, Federal, Aid Locations: PSLF

☆ Boeing broke an agreement over the 737 Max crashes that killed 346 people, and could now be prosecuted, the Justice Department says
▼ + stars: | 2024-05-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewBoeing could face criminal charges after the Justice Department determined the planemaker violated a deferred prosecution agreement (DPA). The DPA, reached in 2021, meant Boeing didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. AdvertisementIt added: "For failing to fulfill completely the terms of and obligations under the DPA, Boeing is subject to prosecution by the United States." AdvertisementThe Justice Department is continuing to meet with the families of victims of the 2018 and 2019 crashes, as it determines whether to bring charges against Boeing. The Justice Department told the court it will decide whether to prosecute Boeing by July 7.

Persons: —, Max, Robert Clifford Organizations: Service, Justice Department, DPA, Boeing, Business, Alaska Airlines, DoJ, BI, Department, Ethiopian Locations: United States, Alaska

☆ DOJ charges brothers with $25 million Ethereum heist that took 12 seconds
▼ + stars: | 2024-05-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million. "As we allege, the defendants' scheme calls the very integrity of the blockchain into question," said U.S. Attorney Damian Williams for the Southern District of New York in a statement. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on Tuesday for charges of wire fraud and money laundering. The Pepaire-Bueno brothers studied math and computer science "at one of the most prestigious universities in the country," according to the DOJ.

Persons: Damian Williams, Anton Peraire, James Pepaire, Bueno Organizations: Justice, Wednesday, DOJ, Southern, of Locations: cryptocurrency, of New York

CNN —The House has passed a major federal aviation bill that aims to improve aviation safety, enhance protections for passengers and airline workers and invest in airport and air travel infrastructure nationwide. The bill renewing the Federal Aviation Administration’s authority for five years will next head to President Joe Biden to be signed into law. Setting a standard for travel creditsUnder the bill, travel credits issued by airlines in lieu of refunds would have to be useable for at least five years. Increasing cockpit voice recordingCommercial aircraft would have to carry 25-hour cockpit voice recorders under the legislation. The cockpit voice recorder is one of the two black boxes and is currently only required to capture two hours of sound from the cockpit.

Persons: Joe Biden, John F, Republican Sen, Josh Hawley of, Democratic Sen, Elizabeth Warren of Organizations: CNN, Federal Aviation, FAA, National Transportation Safety, Reagan National Airport, American Airlines, Delta Air Lines, Department of Transportation, Republican, Democratic, Transportation, Administration, NTSB Locations: Washington, Kennedy, New York City, Josh Hawley of Missouri, Elizabeth Warren of Massachusetts

☆ Education Department Extends Deadline to Consolidate Loans for Forgiveness
▼ + stars: | 2024-05-15 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

More than two weeks after a deadline passed for federal loan borrowers seeking debt relief, the Education Department has extended the offer, giving millions of borrowers a fresh shot at aid. The department said on Wednesday that borrowers would now have until June 30 to consolidate commercially held education debt under the Federal Family Education Loan Program — loans originally from private lenders — or Perkins loans into new direct loans, which are held by the Education Department. “The department is working swiftly to ensure borrowers get credit for every month they’ve rightfully earned toward forgiveness,” said James Kvaal, the under secretary of education. The move is part of the Biden administration’s effort to aggressively cancel education debts through longstanding relief programs and by easing bureaucratic barriers. One of the trickiest challenges has been reaching borrowers with loans through the Federal Family Education Loan Program, a lingering vestige of a previous federal student loan system.

Persons: ”, James Kvaal, Biden Organizations: Education Department, Federal Family Education, Federal Family Education Loan Program

☆ Young Thai activist’s death in detention after 65-day hunger strike sparks calls for justice reform
▼ + stars: | 2024-05-15 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +7 min

She had been in jail since January 26 and was awaiting trial, according to legal advocacy group Thai Lawyers for Human Rights. While in detention, Netiporn went on a 65-day hunger strike until April to protest the jailing of political dissidents without bail, the group said. Panu Wongcha-Um/Reuters/FileThe activist faced seven criminal cases, including two lese majeste charges. Those attending included Panusaya “Rung” Sithijirawattanakul, a fellow activist who also faces lese majeste charges for her involvement in the 2020 protests. At least 270 people have been charged with lese majeste during that time, the group added.

Persons: Thailand’s, ”, “, Netiporn, Thalu Wang, Thais, Panu, Panusaya, lese, Srettha Thavisin, Srettha, Strettha, Mongkol Thirakhot, majeste, Akarachai Chaimaneekarakate, Akarachai Organizations: CNN, ” Thailand’s Corrections Department, Thammasat University Hospital, Thai Lawyers for Human Rights, Thai Corrections Department, Bangkok Criminal Court, Thailand’s Ministry, Justice, Rights, United Nations Human Rights Council, European Union Locations: Bangkok, Thailand, Thai, lèse

☆ Biden administration extends key deadline for student loan forgiveness
▼ + stars: | 2024-05-15 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The U.S. Department of Education is giving borrowers more time to meet a key student loan forgiveness deadline. "The Department is working swiftly to ensure borrowers get credit for every month they've rightfully earned toward forgiveness," U.S. Borrowers pursuing the popular Public Service Loan Forgiveness program can also receive additional credit from the payment count adjustment, as long as they certify their qualifying employment for those months. The payment count adjustment is an attempt to rectify longstanding issues for student loan borrowers. The Consumer Financial Protection Bureau also found borrowers were needlessly steered into expensive forbearances, during which interest accrues and credit toward forgiveness is paused.

Persons: —, Biden, Education James Kvaal, weren't Organizations: U.S . Department of Education, Education, Finance, Public, Government, Office, Consumer Financial Locations: U.S, deferments

☆ Air Force asks for new charges against airman who leaked classified intel on Discord
▼ + stars: | 2024-05-15 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —US Air Force prosecutors have asked for new charges against the Massachusetts Air National guardsman who pleaded guilty in federal court earlier this year to leaking highly classified intelligence reports and other documents on social media, according to the Air Force. During a hearing at Hanscom Air Force Base in Massachusetts on Tuesday, Air Force prosecutors asked a hearing officer to recommend charges of disobeying an order and obstructing justice against Jack Teixeira under the Uniform Code of Military Justice. CNN reported earlier this month that the Air Force would pursue separate charges under the UCMJ. Teixeira was represented by three military defense counsel, including one of the chief district defense counsels for the Air Force, a spokesperson for the Air Force said. The hearing officer will then make a recommendation on whether to move forward with the recommended charges or change them in some way.

Persons: Jack Teixeira, Military Justice . Teixeira, Teixiera, Teixeira, ”, Daniel DeVoe, CNN’s Kaanita Iyer Organizations: CNN, US Air Force, Massachusetts Air National, Air Force, Hanscom Air Force Base, Military Justice, Prosecutors, Department of Justice, ”, Martial Locations: Massachusetts, Russia, Ukraine, States

☆ It will be even more expensive to borrow money for college this year—3 tips to cut down costs
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday. That's up from the current 5.5% interest rate, and the highest rates have been since 2008, according to ED data. New graduate student loans will have an 8.08% interest rate and parent PLUS loans will come with a 9.09% rate. Here are three ways to lower your overall college costs and reduce the amount you may need to borrow. Starting your college education at a community college or trade school is one way you may be able to cut down on costs while racking up course credits.

Persons: That's, Gabriella Carter, Ethan Nguonly, Nguonly hustled, Nguonly Organizations: Department of Education, Princeton University grad, CNBC, University of California — Locations: University of California — Berkeley

☆ ‘Chelsea’ Asked for Nude Pictures. Then the Sextortion Began.
▼ + stars: | 2024-05-15 | by ( Sarah Maslin Nir | ) www.nytimes.com time to read: +1 min

The Instagram message popped up from a girl named Chelsea: “Howdy.”David didn’t know anyone named Chelsea, but he clicked through her profile: She had brown hair and a nice smile; under her name was a quote from the Bible. He was hesitant when she asked him to chat, but soon her flirty messages escalated to a volley of explicit pictures, and David, a 32-year-old pharmacy technician, got carried away. When she asked him for a nude, he hardly thought twice, he said. He slipped into the bathroom at the New Jersey hospital where he works, took a picture and hit send. David’s phone lit up with messages: pictures he had sent with his genitals exposed alongside screenshots of his Instagram followers with whom he shares a last name — his family.

Persons: “ Howdy, ” David didn’t, selfies, David, “, ” Organizations: Chelsea, Department of Homeland Security Locations: Chelsea, New Jersey, Nigeria

☆ A 20% home down payment isn't 'the law of the land,' analyst says. Here's how much people are paying
▼ + stars: | 2024-05-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Tetra Images | Tetra Images | Getty ImagesPutting 20% down is 'definitely not required'One way to reduce your monthly mortgage payment is by putting down more money and borrowing less. But for many households, trying to get a higher down payment can be challenging, said Danielle Hale, chief economist at Realtor.com. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said. A smaller down payment can also mean you don't qualify for a lender's best -available interest rate.

Persons: Danielle Hale, there's, SurveyMonkey, Hale, It's, Hamrick Organizations: CNBC, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Association Locations: U.S

☆ Balance omega-3 and 6 intake to cut early death risk, study suggests
▼ + stars: | 2024-05-14 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Foods rich in omega-3 fatty acids include salmon, sardines and various nuts including walnuts. Linoleic acid is the most common omega-6 fatty acid. Also, accurately measuring fatty acid intake is difficult, partly due to reliance on participants’ own recollections of their dietary intake. Considered individually, both high levels of omega-6 and omega-3 were linked with a lower risk of premature death. Some patients request it with the goal of improving their mental health, heart health or risk of dementia, she said.

Persons: ”, Yuchen Zhang, Zhang, chia, ” Zhang, Lauren R, Sastre, Sastre wasn’t, ” Sastre, Kristin Kirkpatrick, Kirkpatrick, “, ” Kirkpatrick Organizations: CNN, University of Georgia’s College of Public Health, Omega, National Institutes of Health, Clinic Program, East Carolina University, Cleveland Clinic, Regenerative, Harvard Health Locations: United Kingdom

☆ Boeing may be prosecuted after breaking safety agreement that prevented criminal charges for 737 crashes, US DOJ says
▼ + stars: | 2024-05-14 | by ( Evan Perez | ) edition.cnn.com time to read: +5 min

CNN —The US Justice Department on Tuesday notified Boeing that it breached terms of its 2021 agreement in which the company avoided criminal charges for two fatal 737 Max crashes. The notification comes as the Justice Department conducts a new investigation into Boeing’s operations in the wake the door plug incident. The earlier deal had resolved a fraud investigation related to the company’s development of its 737 Max aircraft. Under its deferred prosecution agreement from January 2021, Boeing paid $2.5 billion in penalties and promised to improve its safety and compliance protocols. In March, the FAA identified more potential safety issues with the engines of the 737 Max and 787 Dreamliner.

Persons: Max, “, Reed O’Connor, Biden, Paul Cassell, ” Cassell, ” Organizations: CNN, US Justice Department, Boeing, Alaska Airlines, Department of Justice, Justice Department, Max, Lion, Justice, Air Force, Transportation Safety Board, Federal Aviation Administration, FAA Locations: United States, Fort Worth , Texas

☆ Biden signs bill banning imports of Russian uranium for nuclear fuel
▼ + stars: | 2024-05-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Ready-to-ship canisters filled with enriched uranium at the Urenco USA uranium enrichment facility near Eunice, New Mexico, US, on Tuesday, July 11, 2023. Russia's invasion of Ukraine is forcing the US and Europe to search for alternative sources of enriched uranium to power their reactors. The United States will ban imported Russian uranium starting on Aug. 11, the U.S. Department of Energy announced Tuesday. "Our nation's clean energy future will not rely on Russian imports," U.S. Energy Secretary Jennifer Granholm said in a statement. "Banning imports of Russian uranium will jumpstart America's nuclear fuel industry, further defund Russia's war machine, and help revive American uranium production for decades to come," Barrasso said in a statement on Monday after the bill's enactment.

Persons: Joe Biden, Jennifer Granholm, Sen, John Barrasso, Barrasso, Anatoly Antonov, Biden, – Organizations: U.S . Department of Energy, Department of Energy, U.S, Exchange, Uranium, Uranium Miners, U.S . Energy, U.S ., Energy, Natural Resources Locations: Eunice , New Mexico, Russia's, Ukraine, Europe, United States, Russia, U.S

☆ Major US airlines really, really don't want to show you how much you'll pay in fees upfront
▼ + stars: | 2024-05-14 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Big US airlines are suing over a rule that requires upfront fee disclosures. The Biden administration is fighting "junk fees" across industries, including baggage fees. AdvertisementMajor US airlines sued the Department of Transportation on Friday over a rule that requires upfront fee disclosures for costs like baggage and itinerary changes. The Biden administration has made fighting the hidden costs it calls "junk fees" a priority across industries, from banks to event companies. The rule also requires airlines to inform passengers that they do not need to purchase a specific seat to travel and to include all mandatory fees when advertising fares.

Persons: Biden, — Organizations: Big, Service, Department of Transportation, Business

☆ Boeing Violated Settlement Over 737 Max Problems, Justice Dept. Says
▼ + stars: | 2024-05-14 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

The Department of Justice said on Tuesday that Boeing was in violation of a 2021 settlement related to problems with the company’s 737 Max model that led to two deadly plane crashes in 2018 and 2019. In a letter to a federal judge, the department said that Boeing had failed to “design, implement and enforce” an ethics program to prevent and detect violations of U.S. fraud laws in the company’s operations. Creating that program was a condition of Boeing’s settlement, which also carried a $2.5 billion penalty. The determination by the Justice Department opens the door to a potential prosecution of a 2021 criminal charge accusing Boeing of conspiracy to defraud the Federal Aviation Administration, though Boeing can contest Tuesday’s decision. In a statement, Boeing said that the company believed that it had honored the terms of the settlement, adding that it was looking forward to the opportunity to respond.

Organizations: Justice, Boeing, Justice Department, Federal Aviation Administration

☆ US jamming technology is significantly worse than Russia's, ex-Pentagon officials warn
▼ + stars: | 2024-05-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewThe US has been outclassed by its rivals, such as Russia, in its capacity to remotely take out enemy weapons using jamming technology, according to former US military officials. He called on the US to get more creative to regain its dominance in electronic warfare. AdvertisementLast year, Ukraine's outgoing senior commander, Valery Zaluzhnyi, in an interview with The Economist, said Russia's electronic warfare capability had given it an important edge. The US is closely studying the conflict for information on how to improve its electronic warfare systems. In May, Defense News that the Pentagon is spending millions on developing new electronic warfare systems and technology to evade GPS jamming.

Persons: —, Mike Nagata, Nagata, they've, Valery Zaluzhnyi, Mark Cancian, Grant Shapps Organizations: Service, US Army, Business, Russia, US, Defense News, Pentagon, Center for Strategic, International Studies, Department of Defense Locations: Russia, Ukraine, United States, Tampa , Florida, Europe

☆ Anti-Monarchy Activist in Thailand Dies After Hunger Strike
▼ + stars: | 2024-05-14 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

To Netiporn Sanesangkhom, the right to dissent and to question Thailand’s powerful monarchy belonged to all Thais. On Tuesday, her crusade to highlight this cause in the face of the country’s strict ban on royal criticism ended in her death. Ms. Netiporn, also known as Bung, 28, was one of Thailand’s most prominent activists calling for changes to the monarchy. She died after a hunger strike that she began in prison on Jan. 27 to pressure the Thai authorities to put an end to jailing political activists. For more than two months, Ms. Netiporn refused food, water and all forms of medication.

Persons: Netiporn Sanesangkhom, Netiporn, Netiporn’s Organizations: Thais, Department of Corrections, Thai Party Locations: Thai

☆ Dedrone: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Enter Dedrone, a Sterling, Va.-based defense tech company and inventor of technology with advancements to protect against escalating drone warfare. Recognized for innovations in smart airspace security, Dedrone technology is used by the military, government, and commercial customers including airports, stadiums and high-profile events such as Formula One Grand Prix to detect, track and reduce threats. Additionally, Dedrone systems are at work in Ukraine. Flying high this past year, Dedrone technology was singled out for an award as the only counter-drone approved for use in anti-terrorism by the Department of Homeland Security. Dedrone also expanded its partnership with the FAA for more testing of its technology at airports.

Persons: Richard D, Clarke, Dedrone Organizations: Department of Homeland Security, U.S ., Washington, D.C, US Army, FAA Locations: Russia, Ukraine, Israel, Asia, Sterling, Va

☆ Opinion | Ethical Lapses in the Medical Profession
▼ + stars: | 2024-05-14 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Moral Dilemmas in Medical Care” (Opinion guest essay, May 8):It is unsettling, and dismaying, to read Dr. Carl Elliott’s account of moral lapses continuing to exist, if not thrive, in medical education. As a neurology resident in the early 1970s, I was assigned a patient who was scheduled to have psychosurgery. He was a prisoner who had murdered a nurse in a hospital basement, and the surgery to remove part of his brain was considered by the department to be a therapeutic and even forward-looking procedure. This was despite its being widely discredited, and involving a prisoner who could not provide truly informed consent. It is lamentable that even though bioethics programs are widely incorporated into medical education, moral and ethical transgressions remain a stubborn problem as part of medical structures’ groupthink.

Persons: Carl Elliott’s

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