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☆ Netanyahu’s response to Schumer widens rift in US-Israeli relations
▼ + stars: | 2024-03-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the gulf in trust and goals between Israel and Hamas has thwarted hopes for a breakthrough for weeks. He’s opposing the people of Israel,” Netanyahu said. Despite a fearsome onslaught in Gaza, Hamas is far from defeated. Latest developments also raise the question of whether Schumer’s stinging criticism augurs a shift to more pressure on Netanyahu from Biden. We support Israel.

Persons: Benjamin Netanyahu, CNN’s Dana Bash, Chuck Schumer –, –, Netanyahu, “, we’re, ” Netanyahu, ”, It’s, Sen, Schumer, he’s, castigate Schumer, snubbing, Joe Biden’s, Biden, Schumer’s, John Kirby, Netanyahu don’t, Kirby, they’ve, Ghazi Hamad, Al, Israel, …, Barack Obama, Donald Trump –, it’s, Republican Sen, Mike Rounds, Michael McCaul, acquiescing, Nancy Pelosi –, Israel –, “ Chuck Schumer’s, ” Pelosi Organizations: CNN, Israeli, Hamas, Union, Democratic, White, National Security Communications, ABC, Republican Party, GOP, Netanyahu’s Likud, Republican, Office, White House, Foreign, Fox, Texas Republican, Democratic Party ”, Israel, Former, California Democrat, World Health, Palestinian Authority Locations: Gaza, Washington, Israel, “ State, Tel Aviv, Jerusalem, Hamas, York, Rafah, ”, Arabiya, United States, Iran, Dakota, Texas, California

☆ Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles
▼ + stars: | 2023-08-01 | by ( Brent D. Griffiths | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Fitch downgraded the US's credit rating on Tuesday, citing "steady deterioration in standards of governance." The downgrade comes two months after the latest debt ceiling battle and brinkmanship. Fitch's move echoes what S&P did in 2011 when that major rating agency downgraded US credit in the wake of a different debt ceiling fight. However, Fitch's assessment comes after the lastest deal — which guarantees some debt ceiling relief through the next presidential election — was brokered. "They've repeatedly put the full faith and credit of our nation on the line, and now, they are responsible for the second downgrade in our credit rating," they wrote.

Persons: Fitch, Joe, Janet Yellen, acquiescing, Biden, —, They've Organizations: Democrats, Service, Tuesday, White, Social Security, AAA, Fitch, Republicans, GOP, Lawmakers Locations: Wall, Silicon

[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. REUTERS/Rebecca Cook/File PhotoDETROIT, July 13 (Reuters) - United Auto Workers President Shawn Fain is not a shouter. When he addresses union members in Facebook videos, or appears in public, he rarely raises his voice. "The only real limits we have are the ones we place on ourselves," he told union members in a video address on Tuesday. LONG-TERM TECHNOLOGY THREATSThe UAW president is unsparing in criticism of his immediate predecessors - two of whom, Dennis Williams and Gary Jones, were convicted of corruption.

Persons: Shawn Fain, Rebecca Cook, Fain, I’ve, Malcolm X, Bernie Sanders, Dennis Williams, Gary Jones, “ We’re, Matt Frantzen, “ He’s, Frantzen, Tesla, Peter Berg, Joe White, Ben Klayman, Bianca Flowers, David Shepardson, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, DETROIT, UAW, Detroit, General Motors, Ford, EV, GM, Teamsters, United Parcel Service, Toyota, Michigan State University, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Washington, Belvidere , Illinois, Hollywood, California, Detroit, Chicago

☆ UK says Russian state now facing greatest challenge of recent times
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 24 (Reuters) - Britain's defence ministry said on Saturday that the Russian state was facing its greatest security challenge of recent times, following what it said appeared to be a move by Wagner Group mercenary forces towards Moscow. Russian President Vladimir Putin said in an emergency televised address on Saturday that an "armed mutiny" by the Wagner Group was treason, and that anyone who had taken up arms against the Russian military would be punished. "Over the coming hours, the loyalty of Russia's security forces, and especially the Russian National Guard, will be key to how this crisis plays out," Britain's defence ministry said in a regular intelligence update. "This represents the most significant challenge to the Russian state in recent times," it added. "With very limited evidence of fighting between Wagner and Russian security forces, some have likely remained passive, acquiescing to Wagner," the defence ministry added.

Persons: Vladimir Putin, Wagner, Britain, David Milliken, Toby Chopra Organizations: Wagner Group, Russian National Guard, Thomson Locations: Moscow, Russian, Ukraine, Russia, Rostov, Voronezh Oblast, Britain

☆ Wagner fighters almost certainly aim to march on Moscow, UK intel says. What happens next depends on the loyalty of Russia's security forces.
▼ + stars: | 2023-06-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Wagner Group fighters entered the southern Russian city of Rostov-on-Don in an apparent armed rebellion. What happens next will largely depend on the loyalty of Russia's security forces, the department said. "With very limited evidence of fighting between Wagner and Russian security forces, some have likely remained passive, acquiescing to Wagner," the department said. The loyalty of Russia's security forces, particularly the Russian National Guard, will be "key to how the crisis plays out," it added. Unverified videos have circulated on social media appearing to show Wagner fighters moving through the Voronezh region toward Moscow.

Persons: Wagner, —, Vladimir Putin, Putin, Sergei Sobyanin, Yevegny Prigozhin Organizations: Wagner Group, MoD, Service, Group, UK Department of Defense, Russian National Guard, Guardian Locations: Russian, Rostov, Moscow, Russia, Ukraine, Voronezh Oblast, Voronezh

☆ Turmoil in Russia: Reactions from foreign governments
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +4 min

"With very limited evidence of fighting between Wagner and Russian security forces, some have likely remained passive, acquiescing to Wagner." LITHUANIAN FOREIGN MINISTER GABRIELIUS LANDSBERGIS"For 100 years Lithuanians have lived on the edge of Moscow's brutal banditocracy, knowing it's only a matter of time before the next chaotic implosion. CZECH FOREIGN MINISTER JAN LIPAVSKY"We are closely following the situation in the Russian Federation. ESTONIAN PRIME MINISTER KAJA KALLAS"Estonia is closely following the development of the situation in Russia and exchanging information with allies. The instructions of Russian security authorities should be followed at all costs," it said in its updated travel advice.

Persons: Vladimir Putin, Yevgeny Prigozhin, VOLODYMYR ZELENSKIY, Wagner, JAMES, OANA, GABRIELIUS, it's, JAN LIPAVSKY, ANDRZEJ DUDA, Emmanuel Macron, GIORGIA, Meloni, Frances Kerry, Hugh Lawson Organizations: MINISTRY, Russian National Guard, Wagner Group, NATO, Ukraine, Russian Federation, Reuters, Thomson Locations: Russia, Russian, Britain, Ukraine, Rostov, Voronezh Oblast, Moscow, EU, Estonia

CNN —Russian President Vladimir Putin is facing the greatest threat to his authority in two decades after Yevgeny Prigozhin, the head of the Wagner paramilitary group and Putin’s former ally, launched an apparent insurrection. Prigozhin has been highly critical of Russia’s military leadership and their handling of the war in Ukraine, but he had always stopped short of criticizing Putin directly. Wagner group also claimed to have seized Russian facilities in a second city, Voronezh, some 600 kilometers (372 miles) to the north of Rostov-on-Don. Alexander Gusev, the governor of the Voronezh region, said the Russian military was engaging in “combat measures” in the area. Stunning escalationSaturday’s dramatic events come off the back of Prigozhin’s very public and months-long feud with Russia’s military leadership.

Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, Putin, ” Putin, Igor Artamonov, Sergei Sobyanin, Recep Tayyip Erdoğan, “, ”, Don “, ” “, ” Prigozhin, Rostov, Don, Alexander Gusev, Shoigu, –, Gen, Vladimir Alekseev, Sergei Naryshkin, Naryshkin, Ramzan Kadyrov, Vladimir Rogov, Rogov saif, ” Wagner, Stringer, Dmytro Kuleba, Serhii Cherevatyi Organizations: CNN, Prigozhin, Moscow, Terrorism, Security, Russian, RIA Novosti, Kremlin, Russian Southern Military Headquarters, Ministry of Defense, Russian Ministry of Defense, Foreign Intelligence Service, Russian Historical Society, Telegram, Southern Military District, Reuters, Russian Foreign, European Union, US State Department, Britain’s Ministry of Defense, Russian National Guard, Ukrainian, Twitter, Ukrainian Armed Forces Locations: Moscow, Ukraine, Russian, Rostov, Voronezh, Lipetsk, Russia, St . Petersburg, Belarus, Uzbekistan, Kazakhstan, Turkey, Prigozhin’s, Prigozhin, Don, Canada, France, Germany, Italy, Japan, EU

I think neither side wants to look as if they’re accepting or acquiescing to the other’s actions,” she said. But hope might not turn into reality, and relations might become worse after the visit,” he added. “We prepare for the worst and hope for the best.”Blinken would not predict whether his visit would pave the way for continued high-level engagements between the US and China. “As to what comes next, let’s see how the visit goes,” the top US diplomat said Friday, referencing comments from his Singaporean counterpart. “This is an important but, in a sense, insufficient step because there’s a lot of work to be done.”

Persons: Antony Blinken, Joe, Biden, Xi, ” Blinken, Vivian Balakrishnan, Blinken, “, Daniel Kritenbrink, “ we’re, ” Patricia Kim, ”, ’ Blinken, Kai Li, Mark Swidan, David Lin, Jake Sullivan, Wang Yi, Shen Dingli, Defense Lloyd Austin, Li Shangfu, Shen, ” Shen Organizations: CNN, senior State Department, Singaporean, State, East Asian, Pacific Affairs, Brookings Institution, Saturday, Defense, Chinese Defense, Asia Pacific Economic Cooperation Locations: Beijing, United States, China, Bali, Taiwan, Ukraine, Vienna, Washington, Shanghai, Singapore

☆ 'Free speech opportunist' Elon Musk caved to government pressure to censor tweets ahead of the Turkish election. Critics argue SpaceX dealings with the country's right-wing leader may have caused the
▼ + stars: | 2023-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Elon Musk's reputation as a free speech absolutist took another hit on Saturday after Twitter sided with the Turkish government and censored the accounts of political opponents ahead of a contentious election. Targeted Turkish dissidentsThe details of the legal request and which specific accounts were targeted were not made public. Yakut had previously shared information about Erdogan's governmental dealings and alleged the Turkish leader had been involved in the disappearance of his son-in-law, Turkish Minute reported last week. "I'm sure this is just a coincidence," users on Twitter posted, some sarcastically, circulating news of Musk's business dealings with Turkey. Musk and representatives for Twitter, SpaceX, and the Republic of Turkey did not immediately respond to Insider's requests for comment.

☆ First Republic Bank Shows That the Banking Crisis Might Not Be Over Yet - The New York Times
▼ + stars: | 2023-05-01 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

The problem now, as I wrote in early March when Silicon Valley Bank was taken over by regulators, is that the math has gone bad for them. They’re losing their cheap funding and they’re still stuck with low-yielding investments that they acquired when interest rates were historically low. Market forces have already brought down Silicon Valley Bank, Signature Bank and First Republic Bank, the slowest antelopes in the herd. In terms of assets, not adjusted for inflation, those are three of the four biggest bank failures in U.S. history. The SPDR S&P Regional Bank exchange-traded fund, which tracks the stocks of the regional banks, has fallen 28 percent since the start of the year.

☆ 20 GOP-led states are asking the Supreme Court to halt Biden's latest student-debt cancellation for 200,000 borrowers, backing a request from 3 schools accused of defrauding their students
▼ + stars: | 2023-04-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A federal judge ruled that 200,000 borrowers can move forward with relief in a borrower defense settlement. Last month, three schools mentioned in the settlement appealed the decision to the Supreme Court. 20 GOP-led states filed an amicus brief supporting the schools, arguing Biden doesn't have authority to carry out this relief. Unlawful delay of debt relief results in clear monetary harm." The Education Department has until Wednesday to file a response to the three schools' lawsuit, which currently sits with Supreme Court Justice Elena Kagan.

☆ Starboard Value wants Salesforce to hit over 30% profit margins, closer to Oracle and Microsoft. Salesforce is working on it, leaked draft of a planning document shows.
▼ + stars: | 2023-02-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +6 min

Activist investor Starboard Values wants Salesforce to grow its adjusted operating margins above 30%. In September, Salesforce announced a goal of 25% adjusted operating margins by fiscal 2026, up from a target of 20% for fiscal 2023. Starboard found Salesforce's mix of operating margins and revenue growth averaged much lower than its peers, including Microsoft and Oracle. Starboard showed Oracle at a 10.7% increase in revenue with adjusted operating margins of 43.3% for its current fiscal year. It showed Microsoft's at a 10.9% increase in revenue and 46.6% increase in operating margins, Starboard said.

☆ As his beliefs have seeped into homes and classrooms, children as young as 11 think Andrew Tate is their 'god'
▼ + stars: | 2023-01-29 | by ( Lindsay Dodgson | Bethany Dawson | ) www.businessinsider.com time to read: +11 min

Insider spoke with teachers and parents about how Tate's beliefs are seeping into young boys' minds. Insider spoke with seven teachers who said Tate's words and beliefs have significantly impacted their students — some as young as 11 years old. Many young boys are drawn in by this promise of personal development. Mary McCarthy, a mother of four from Dublin, told Insider that Tate seems to have an "intoxicating" effect on her 14-year-old son. Speaking to the BBC, Nia Williams, a psychologist and academic, addressed why so many young boys get "sucked in" by Tate's image.

☆ Wall Street 2023 Predictions Already Wrong: Recession, Inflation, China
▼ + stars: | 2023-01-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Across Wall Street, finance workers of all stripes are returning to work after skiing, gallivanting around the Caribbean, or just visiting Mom for the holiday season. Of course, there's some uncertainty in all this, and Wall Street could still be proved right. Already some Wall Street economists are revising their predictions given the strong economy, even if they're not backing off their priors quite yet. It may take years to get the Chinese consumer, on which Wall Street has placed so many hopes, back to the strength of yesteryear. Don't hatchet your chickens before they countTo be fair, not every Wall Street analyst is looking sheepish right now.

☆ US Army general retires without 'reprimand or admonishment' after spat over Tucker Carlson segment about women in the military
▼ + stars: | 2023-01-03 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

"I retired honorably and without any reprimand or admonishment," Donahoe told Military.com in an interview. Military.com interviewed multiple women Donahoe frequently engaged with on Twitter, none of whom described his behavior as inappropriate. Multiple senior service officials and rank-and-file troops interviewed by Military.com blasted the Army's slow response, saying it suggested women serving at all is inherently political. "So let me be clear: I expect [Army] leaders to stand up for women — and all Soldiers — who are unduly attacked or disrespected." Related: 'The Army Gave a Hunting Permit to Radical Partisans': What a General's Bout with Fox Could Mean for Women

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