DIRS.INFO The most relevant business & tech news

☆ The Trump hush money trial might be tawdry but it’s likely the only one he’ll face before the election
▼ + stars: | 2024-05-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

He learned late Tuesday afternoon that Judge Aileen Cannon, whom he appointed, indefinitely postponed a trial in his classified documents case in Florida. She told the jury Tuesday about a $130,000 hush money payment she received from Cohen before the 2016 election. But prosecutors allege Trump falsified business records to hide it and to mislead voters in an early bout of election interference. The judge complained that the ex-president was “cursing audibly” during Daniels’ testimony and was shaking his head. “Am I correct that you hate President Trump?” Necheles asked.

Persons: CNN —, Stormy Daniels, Donald, —, he’s, Trump, scowling, Daniels, Aileen Cannon, Ty Cobb, Cannon, ” Cobb, CNN’s Erin Burnett, Cannon’s, Trump’s, it’s, Michael Cohen, Cohen, He’s, “, Donald Trump, Norm Eisen, CNN’s Wolf, Judge Juan Merchan, audibly ”, ”, Todd Blanche, Jeremy Herb, Merchan, Susan Necheles, Necheles, ” Necheles, ” Daniels, ‘, Let’s, ’, Daniels —, Eric Trump, ” Trump Organizations: CNN, White, Trump, White House, ” Locations: Florida, Lake Tahoe

A growing group of America's young people are not in school, not working, or not looking for work. They're called "disconnected youth" or "opportunity youth," and their ranks have been growing for nearly three decades. Experts say it's not just work and school; this group is often also disconnected from a sense of purpose. Palmer added that those with limited access to transportation, people with disabilities, and young parents were also more susceptible. Disconnected young people don't have that luxury."

Persons: —, Destiny, She's, she's, They're, Kristen Lewis, Lewis, hadn't, there's, Sen, Tim Kaine, who's, Joseph, he's, hasn't, he'd, Ashley Palmer, Palmer, Sarah Nunley, Nunley, Veronica, There's, Lucchesi, they're Organizations: Service, Business, Federal Reserve Bank of Dallas, Social Science Research Council, Survey, University of Minnesota's, National Center for Education Statistics, Walmart, Texas Christian University, Ivy League Locations: Florida, Alabama, Indiana, Silicon Valley, YOLO, Texas

But many people don't realize just how much of their insurance coverage is tied to their employment. Disability, life, health, dental, vision — all can evaporate quickly after a pink slip. Life insuranceAnother common employer-provided insurance is group life insurance, which pays out a death benefit if you die while employed. Similar to disability insurance, though, this group life insurance is contingent on your working at that company. That's why I highly recommend considering an individual life insurance policy.

Persons: it's, They're, It's, you've Organizations: Business, Healthcare

☆ It's easy to bash tech, but I've started taking robotaxis — and they're awesome
▼ + stars: | 2024-04-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +9 min

Unlike other hyped-up tech, self-driving taxis look like they could be the real thing. Which is exactly how I felt after my last trip to San Francisco, when I took several rides in Waymo's robotaxis. AdvertisementWe've heard about self-driving taxis forever, but they're just starting to become a reality. AdvertisementWaymo self-driving taxis are kitted out with cameras and other sensors, like this Jaguar model crossing an intersection in San Francisco. Waymo's self-driving cars aren't perfectYes, there are still some issues with Waymo, at least in the rides I took recently.

Persons: —, Waymo, We've, they're, Cruise, I'm, JASON HENRY, David Margines, honking, Mario Tama, Margines, Dmitri Dolgov, PyPqVaOc6B, Elon Musk, Musk Organizations: Service, Software, Google, San Francisco International Airport, Austin, Amazon, Warriors, Chase, Big, Elon Locations: San Francisco, Phoenix, Waymo's, Oakland, Los Angeles

☆ A bloodthirsty ISIS branch is 'on the upswing' after the US left Afghanistan in a lurch, a former top commander says
▼ + stars: | 2024-04-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

AdvertisementIn the years since the US and its NATO allies left Afghanistan, a particularly violent branch of the Islamic State terror group has grown stronger. During the first few years of its existence, ISIS-K attacks were mainly confined to Afghanistan and Pakistan. The first year under the Taliban's rule saw a sharp uptick in terror attacks inside Afghanistan. But that trend has changed in recent months; attacks inside the country declined while attacks beyond its borders have increased. Thus, the conditions inside Afghanistan have awarded the terror group space to develop a greater capacity to stage external attacks.

Persons: —, Joseph Votel, Hamid, Taylor Crul, Michael Kugelman, Kugelman, MARCUS YAM, Votel, that's, Doug Ellis, Qassem, STRINGER, Michael Kurilla, John Kirby, Biden, Kirby Organizations: Service, NATO, 82nd Airborne Division, U.S . Air Force, US Air Force, REUTERS ISIS, Islamic, ISIS, Department of Defense, Hamid, AP, South Asia Institute, Wilson, Kabul International Airport, ANGELES, US Central Command, Security Forces, Staff, Getty, White, National Security, Department, Defense Locations: Afghanistan, Moscow, Kabul, Handout, Khorasan Provence, Iraq, Syria, Pakistan, Washington, Darzab district, Jowzjan province, Mar, Iran, Central Asia, Iranian, Kerman, Europe, Russia, Islamic State, Crocus, American, Achin, Nangarhar Province

☆ Thames Water: Britain’s biggest water company left in the lurch by shareholders
▼ + stars: | 2024-03-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Investors are refusing to inject billions in new money into Britain’s biggest water company, leaving the beleaguered business at risk of an emergency government takeover. “After more than a year of negotiations with the regulator, Ofwat has not been prepared to provide the necessary regulatory support for a business plan which ultimately addresses the issues that Thames Water faces,” the shareholders said. In its turnaround plan published in October, Thames Water, which is saddled with £14 billion ($17.7 million) in debt, proposed to jack up the average annual customer bill by 40% by 2030. The first £500 million ($630 million) of that sum was due by Sunday, March 31. “Based on the feedback provided by Ofwat to Thames Water to date, the regulatory arrangements that would be expected to apply to Thames Water… make the (turnaround plan) uninvestible,” the utility said in a statement Thursday.

Persons: Ofwat, Chris Weston, “, Jeremy Hunt, Weston, ”, Olesya Dmitracova Organizations: London CNN — Investors, Ofwat, Thames, Water, Reuters, Government, BBC Locations: Thames, London, England, China, Abu Dhabi, British, Wales

☆ Teacher Shortages in America Are Holding Gen Z Students Like Me Back
▼ + stars: | 2024-03-17 | by ( Vaishnavi Kumbala | ) www.businessinsider.com time to read: +11 min

AdvertisementWhile teachers, students, and parents have all tried their best to make it work, many students still end up with huge learning gaps. Teacher shortages tend to be framed as a workplace problem: We just need to incentivize and support teachers better. AdvertisementWhen teacher shortages compound, some students just stop showing up. Even before COVID, students struggled to remember concepts they learned in a previous course — but the teacher shortages have exacerbated the problem. If America doesn't address its teacher shortages today, it will be left with a worse, less educated tomorrow.

Persons: STAFF04201, I've, bode, Sarah, Richard Ingersoll, Ingersoll Organizations: Kansas State University, US Bureau of Labor Statistics, Progress, Organization, Economic Cooperation, Development, US, America, Harvard University Center for Education Policy Research, Stanford University, Brookings Institution, National Center for Education Statistics, University of Pennsylvania Graduate School of Education, Vogue, The New York Times, The New Orleans Times Locations: New Orleans, —, Spanish, Rome, Orleans, Louisiana

☆ 1,000 dollar stores are closing. These cities have revolted against them for years
▼ + stars: | 2024-03-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But critics of Family Dollar and other dollar store chains’ business practices like Hall-Harper say the closures highlight the risks of communities relying too heavily on dollar store chains. Hall-Harper has led Tulsa’s effort to restrict the growth of the three major dollar store chains — Family Dollar, Dollar Tree and Dollar General — in the predominately Black area of North Tulsa. Dollar General said it regularly hears from communities and customers asking it to bring a Dollar General store to their hometown. Backlash to dollar storesDollar General, Dollar Tree and Family Dollar have spread rapidly since the Great Recession, opening more than 15,000 small stores. US regulators reached a settlement last year with Dollar Tree over hazardous conditions in Dollar Tree and Family Dollar stores.

Persons: Vanessa Hall, Harper, “ I’ve, —, ”, Dollar, Critics, Blaine Griffin, Meijer, Stacy Mitchell, ” Mitchell Organizations: New, New York CNN, CNN, Dollar, Tulsa, Institute of Local, Chicago City, University of Toronto, UCLA, United States, Local, Research, University of Georgia, Cleveland City, Walmart, Target, Agriculture Department, Institute for Local, Federal Trade Commission, FTC, Kroger, Albertsons Locations: New York, Tulsa , Oklahoma, North Tulsa, Tulsa, Tulsa ; Cleveland ; New Orleans, Birmingham , Alabama, Fort Worth , Texas, Akron , Ohio, United, Cleveland, Chicago, Baltimore

☆ Despite scenes of defiance, plenty of Russians support Putin as election nears
▼ + stars: | 2024-03-12 | by ( Matthew Chance | ) edition.cnn.com time to read: +6 min

“Even though Alexey Navalny is dead, there is always hope,” she said, “I think there are always people who do not support Vladimir Putin,” she added. But as this election approaches, you can’t discount what so many ordinary Russians tell you, face to face. Asked about the war in Ukraine and if he held Putin responsible for Russia’s involvement, he replied: “No, we support him in it. What is unclear now, though, is how much longer that support will last, especially if Russian war casualties mount, crackdowns on dissent gather pace and economic hardships dig in. Even before the public mourning of Navalny, thousands of Russians came out to support the nomination of an anti-war presidential hopeful, Boris Nadezhdin, whose candidature was ultimately rejected by the Russian election authorities.

Persons: Russia’s, Vladimir Putin, Alexey Navalny, Alexey, “, Vera Savina, Yulia, ”, Putin, Dmitry, CNN “, ” Sergey, Artyom, CNN Artyom, Boris Nadezhdin Organizations: Moscow CNN, CNN, Russia, Getty, Levada Center Locations: Moscow, Ukraine, Russia, Navalny, AFP, Soviet, Komi Republic, Russia’s, Russian

☆ Why Are Pants So Big (Again)?
▼ + stars: | 2024-03-03 | by ( Jonah Weiner | ) www.nytimes.com time to read: +1 min

My pants had been slim for some 15 years, since so-called skinny jeans first hit the market in earnest, around 2005. Narrow silhouettes quickly spread, until they felt less like a trend and more like a structural fact of existence: A decade after their ascendance, slim-fit pants remained common currency across generations, demographics and body types. BTS, at the time the biggest pop group in the world, wore them. And then, in a rupture whose center I place within the broader pandemic-era upheavals of 2020, the “right” pants began to lurch away from the leg at scale. Jeans, a kind of Patient Zero for pants trends, showed symptoms of acute-onset elephantiasis.

Persons: we’d, Paul O’Neill, Levi’s, ” He’d Locations: Chicago, Hollywood, Greenwich

☆ For Trump and Biden, attention on North Carolina will linger well past Super Tuesday
▼ + stars: | 2024-03-02 | by ( Steve Contorno | Jeff Zeleny | ) edition.cnn.com time to read: +11 min

North Carolina, which Trump narrowly won in 2020, is emerging as a critical piece of Biden’s reelection strategy. It has been 16 years since Barack Obama delivered a North Carolina surprise in 2008. Former President Donald Trump gestures after speaking at the North Carolina Republican Party convention in Greensboro on June 10, 2023. She isn’t sure how much longer Republicans can hold the line in North Carolina. “Yes, we have had more growth in our urban communities, and it’s going to make North Carolina trend bluer in the future,” Anderson said.

Persons: North Carolina CNN — Donald Trump, Nikki Haley, Joe Biden, ”, Paul Shumaker, “ It’s, Haley, Kamala Harris, ” Harris, Barack Obama, Biden, Donald Trump, Chuck Burton, Sarah Reidy, Jones, Charlotte ” –, “, Trump, ” Haley, Lisa Murkowski, Susan Collins of, Will Trump, Haley’s, Harris, Peter Zay, scoff, Billy Ward, ” Trump, Susie Wiles didn’t, battlegrounds “, ” Wiles, Michael Whatley, Ronna McDaniel, Whatley, MAGA, Thom Tillis, Mark Robinson, Robinson, Roy Cooper, Ben McKeown, Anderson Clayton, ” Clayton, we’ve, ” Anderson, CNN’s Alayna Treene Organizations: North Carolina CNN, Republican, Trump, Democratic, North Carolina Republican Party, GOP, South, Biden, White, College, Duke University, University of North, Getty, Wake County Republican Party, CNN, North, North Carolina GOP, Republican National Committee, Republicans, Gov, state’s Democratic Party, Conservative, “ Locations: Raleigh, North Carolina, Michigan, “ North Carolina, Durham, Wake County, Mecklenburg County, Charlotte, Wake, Mecklenburg, –, Greensboro, Seattle, South Carolina, Alaska, Susan Collins of Maine, Carolina, University of North Carolina, Durham , North Carolina, Anadolu, GOP’s, Raleigh , North Carolina, Russia, Ukraine, Southern

☆ Trump uses the slow legal system to his advantage. The Supreme Court is helping
▼ + stars: | 2024-02-28 | by ( Joan Biskupic | ) edition.cnn.com time to read: +8 min

The justices’ intervention in the case, Trump v. United States, also marks another milestone in the fraught relationship between the court and the former president. And in fighting special counsel Jack Smith’s case, the Supreme Court has become an ally of sorts, despite the expedited schedule. That Supreme Court ruling was expected to come soon. First Trump trial is in less than a monthFor now it appears that Trump’s first criminal trial will be in New York on March 25. Posted Trump, “Do you get the impression that the Supreme Court doesn’t like me?”But that’s not today.

Persons: Donald Trump’s, Trump, Jack Smith’s, hewed, ’ Trump, Smith, ”, Tanya Chutkan, Smith’s, Trump’s, Attorney Alvin Bragg, Stormy Daniels Organizations: CNN, Trump, ., DC Circuit, Capitol, US, DC, Circuit, Appeals, Trump v ., “, Colorado Supreme, Manhattan, Attorney Locations: . United States, Washington ,, ‘, Trump v, Trump v . United States, Colorado, New York, Florida, Fort Pierce

☆ SimpleClosure just landed more VC funding, and its a sign that another wave of startup shutdowns is likely on the way
▼ + stars: | 2024-02-27 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

Infinity Ventures's Jeremy Jonker, former head of corporate development and PayPal Ventures at PayPal, led the most recent funding round, joining investors including Michael Vaughn and Jon Pomerantz of Vera Equity and Rex Salisbury of Cambrian Ventures. "It's been sign up after sign up after sign up," he told Business Insider in an interview. SimpleClosure's funding round comes as more startups than ever are shutting down thanks to a tech-market downturn that's left plenty of companies in the lurch. 770 startups shut down in 2023, up from 467 the year before, according to data from cap-table management startup Carta. "More than half of our customers have been entrepreneurs who are already starting their next company," Yona said.

Persons: VCs, Jeremy Jonker, Michael Vaughn, Jon Pomerantz, Vera Equity, Rex Salisbury, Dori Yona, SimpleClosure, Yona, he's, couldn't, doesn't, there's, We've, what's Organizations: Business, PayPal, Cambrian Ventures, SimpleClosure, Carta Locations: fintech

☆ An accountant won $78 million in the lottery, but isn't quitting his job until he's wrapped up all his clients' taxes
▼ + stars: | 2024-02-22 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

A British accountant became a millionaire overnight after he and his wife won around £61 million ($78 million). The press release said that he would work until the end of the UK tax year, on April 5. Debbie Nuttall handed in her notice for her job as a civil engineer after finding out about the win, the press release said. AdvertisementRichard's decision to stay in work to wrap things up is a change when looking at lottery winners of the past. Emily Irwin, a financial advisor to lottery winners, previously told BI that winners have the best chance at protecting their winnings by forming a team of advisors and avoiding overspending.

Persons: —, wouldn't, Richard Nuttall, Debbie, Nuttall, Debbie Nuttall, Richard, Ben King, Emily Irwin, Irwin Organizations: Service, National Lottery, Daily Mail, Sky News, BMW Locations: British, Canary, Portugal

☆ I worked as a live-in nanny, and yes, I sometimes judged your parenting
▼ + stars: | 2024-02-10 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +4 min

As a live-in childcare provider, I became the fly on the wall with front seats for parenting styles and techniques of all types. Parents omitting behavioral issues in the interview stage was my biggest bugbearDuring the interview, parents are trying to find the best mutual pairing for their child and a nanny. But some parents don't understand that. I'm unsure whether they became so detached that they didn't realize how hands-off they've become or if they truly didn't care. We live-in nannies quickly grow to care about your children and only want the best for them.

Persons: —, I'd, didn't, peeves, I've, weren't, they've Organizations: Service, Down, Business Locations: Sydney, nannies

☆ Opinion | Why MAGA Loves Russia and Hates Ukraine
▼ + stars: | 2024-02-08 | by ( David French | ) www.nytimes.com time to read: +1 min

As I type this newsletter, continued American aid for Ukraine is in grave doubt. And we’re receiving reports from the front lines that Russia is advancing, in part because of Ukrainian ammunition shortages. Ronald Reagan isn’t just rolling over in his grave; he may also lurch from it in a fit of incredulous rage. To explain the intensity of Republican resistance to Ukraine aid, I need to return to a concept I wrote about in November: that of bespoke realities. But the mass Republican movement against Ukraine is rooted far less in policy than it is in a particular bespoke reality of the MAGA universe, in which Ukraine is a pernicious villain, Putin is a flawed hero and Russia should have crushed Ukraine long ago.

Persons: Tucker Carlson, Vladimir Putin, Ronald Reagan isn’t, Renée DiResta, MAGA, Putin Organizations: Stanford Internet Observatory Locations: Ukraine, Moscow, Russia

☆ I drove the hottest Chinese EV in Europe — and America is definitely missing out
▼ + stars: | 2024-02-07 | by ( Alex Goy | ) www.businessinsider.com time to read: +7 min

(And in other places, like North America, the MG brand is known for tiny vintage sports cars and little else.) The 2024 MG MG4 XPower. Alex GoyMG decided to send me the MG4 XPower, the fastest one you can get, as I am a hooligan. The interior of the MG MG4 XPower. Driving the MG MG4 XPower on the road.

Persons: It's, MG4 XPower, Alex Goy MG, you'd, there's, XPower, Alex Goy, Apple CarPlay, Uber, MG's, it's Organizations: Service, SAIC, TF, Business, MG4, Audi, EV, MG Locations: North America, United Kingdom, it's, Europe, It's, America, London

☆ 25 experts calculated the scenarios they think could play out in the US-China relationship. All the results are bleak.
▼ + stars: | 2024-01-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.

Persons: —, Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US

☆ How Spirit Airlines' uncertain future could add cost and stress to travel across America
▼ + stars: | 2024-01-21 | by ( Kevin Williams | ) www.cnbc.com time to read: +3 min

Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Tuesday, Oct. 24, 2023. Spirit Airlines Inc. is scheduled to release earnings figures on October 26. Photographer: Eva Marie Uzcategui/Bloomberg via Getty ImagesA federal judge's order blocking a $3.8 billion-dollar deal that would have JetBlue Airways purchase rival Spirit Airlines leaves Spirit with an uncertain future. Few places will feel the impact harder than the Arnold Palmer Regional Airport (LBE) if Spirit can't keep flying. The Arnold Palmer Regional Airport has almost all the amenities of any major airport, just on a smaller scale.

Persons: Eva Marie Uzcategui, Arnold, Arnold Palmer, DeNuzio's, Gabe Monzo, Monzo, Jase Ramsey, Ramsey Organizations: Spirit Airlines, Hollywood International, Spirit Airlines Inc, Bloomberg, Getty, JetBlue Airways, Arnold Palmer Regional, TSA, Pennsylvania Department of Transportation, Florida Gulf Coast University, Southwest, Southwest Florida International Locations: Fort Lauderdale, Fort Lauderdale , Florida, Pittsburgh, Latrobe , Pennsylvania, LBE, Orlando, Myrtle Beach, Florida, Fort Myers, Southwest Florida, South Florida

☆ Argentina Is a Textbook Case of ‘Fiscal Dominance’
▼ + stars: | 2023-11-22 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Argentina’s president-elect has promised to end inflation by replacing the peso with the dollar and abolishing the central bank. Photo: Erica Canepa/Bloomberg NewsArgentina is the bedtime horror story that other economies use to scare each other. Long after other emerging markets had internalized fiscal and monetary rectitude, Argentina has continued to lurch from default to hyperinflation and back. So other countries may be tempted to conclude there is nothing to learn from the economic catastrophe that swept the radical populist Javier Milei to victory in this past weekend’s presidential election.

Persons: Erica Canepa, Javier Milei Organizations: Bloomberg, Argentina Locations: Argentina

☆ Argentina elects 'shock therapy' libertarian Javier Milei as president
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: +2 min

Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. Argentina elected libertarian outsider Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. Official results showed Milei with near 56% versus 44% for his rival, Peronist Economy Minister Sergio Massa, who conceded in a speech. His candidacy was hampered by the country's worst economic crisis in two decades while he has been at the helm. I have contacted Javier Milei to congratulate him," Massa said.

Persons: Javier Milei, Sergio Massa, Massa, Milei, Cristian, Lista Organizations: La Libertad, Peronist, International Monetary Fund Locations: Argentina, Buenos Aires, China, Brazil

☆ CNN visited the exposed tunnel shaft near Al-Shifa Hospital. Here’s what we saw
▼ + stars: | 2023-11-20 | by ( Oren Liebermann | ) edition.cnn.com time to read: +6 min

We would spend the next six hours inside Gaza, much of that time spent getting back and forth from the tunnel shaft. Oren Liebermann/CNNIt was nearing midnight as we walked the last few feet to the exposed tunnel shaft. The discovery of the tunnel shaft the next day was more compelling, showing an entrance to something underground. Standing on the edge of the tunnel shaft, it was apparent that the structure itself was substantial. The IDF said the tunnel shaft extends downwards approximately 10 meters and the tunnel runs for 55 meters.

Persons: Humvees, Oren Liebermann, Tom, “, —, ”, Daniel Hagari Organizations: CNN, Israel Defense Forces, Shifa, Residents, IDF, Hamas, Health Locations: Gaza, Gaza City, Gaza’s, Israel

☆ Argentina Elects Javier Milei in Victory for Far Right
▼ + stars: | 2023-11-19 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: +1 min

Argentines on Sunday chose Javier Milei, a far-right libertarian who has drawn comparisons to Donald J. Trump, as their next president, a lurch to the right for a nation struggling under an economic crisis and a sign of the enduring strength of the global far right. Mr. Milei, 53, an economist and former television personality, has burst onto the traditionally closed Argentine political scene with a brash style, an embrace of conspiracy theories and a series of extreme proposals that he says are needed to upend a broken economy and government. Sergio Massa, 51, Argentina’s center-left economy minister, conceded defeat even before official results were released because the campaigns’ early numbers showed he had been defeated. As president, Mr. Milei has pledged to slash spending and taxes, close Argentina’s central bank and replace the nation’s currency with the U.S. dollar. He has also proposed banning abortion, loosening regulations on guns and only considering countries who want to “fight against socialism” as Argentina’s allies, often naming the United States and Israel as examples.

Persons: Javier Milei, Donald J, Trump, Milei, Sergio Massa, ” Organizations: Sunday, Argentine, U.S . Locations: United States, Israel

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

Prime Minister Rishi Sunak’s dramatic shake-up of his cabinet on Monday was a bold gamble that tacking to the center will give him a lift in the polls that his lurch to the populist right this summer failed to accomplish. But as Britain’s political establishment digested the news — the return of a more centrist former prime minister, David Cameron, and the ouster of a hard edged home secretary, Suella Braverman, who lashed out at Mr. Sunak on Tuesday — analysts said the prime minister’s pivot smacked of a politician casting about for an identity. Far from a winning electoral formula, some predict that the reshuffle could fracture the coalition that delivered a landslide victory for the Conservative Party in 2019. By trying to shore up the party’s traditional heartland in the south of England, they said, Mr. Sunak risked alienating the working-class voters in the “red wall,” who once flocked to the Tory slogan, “Get Brexit done.”“It doesn’t make any more sense than most of Sunak’s moves since the summer,” said Timothy Bale, a professor of politics at Queen Mary University of London. “And it’s unlikely to make a blind bit of difference to his chances of turning things around before the general election.”

Persons: Rishi, David Cameron, Suella Braverman, Sunak, ”, “, Timothy Bale Organizations: Conservative Party, Queen Mary University of London Locations: England

Search resuls for: "lurch"

25 mentions found