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☆ Key takeaways from the latest jobs report
▼ + stars: | 2024-03-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

“The economy remains strong, held up by a robust labor market,” wrote Christopher Rupkey, chief economist with FwdBonds, in a note Friday. Still, Friday’s jobs report also showed that the whopping gains initially recorded for January and December were revised down by a combined 167,000 jobs. January’s job gains now sit at an estimated 229,000 (down from the blowout 353,000); and December’s job growth at 290,000 (down from 333,000). In February, that included construction (up 23,000 jobs); transportation and warehousing (up 19,700 jobs); and retail (up 18,700 jobs). Friday’s jobs report showed that wage growth is indeed slowing.

Persons: ”, Christopher Rupkey, FwdBonds, “, ” Robert Frick, —, ” Diane Swonk, Swonk, February’s, ” Frick, Julissa Carielo, ” Swonk, Gus Faucher, Lydia Boussour, EY, Boussour, Janet Yellen, CNN’s Kate Bolduan, they’re, ” Yellen, Price, CNN’s Bryan Mena Organizations: New, New York CNN, of Labor Statistics, Navy Federal Credit Union, CNN, KPMG US, Health, Baby Boomers, Transportation Security Administration, DreamOn, Inc, Boomers, Fed, Labor, Federal, PNC Financial Services, “ Fed Locations: New York, San Antonio , Texas, Texas

☆ The US economy is so strong that there might not be any rate cuts in 2024
▼ + stars: | 2024-03-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Now, some economists think the Fed won’t cut interest rates at all this year. “The Fed will not cut rates this year and rates are going to stay higher for longer,” he added. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. In some ways, the expectations of interest rate cuts by the Fed undermined their efforts to actually cut the rates. Still, about half of investors are expecting an interest rate cut at the Fed’s June meeting, according to the CME FedWatch tool.

Persons: —, that’s, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, ” Robert Frick, ”, Powell Organizations: New, New York CNN, Federal, Apollo Global Management, Richmond Federal, CNBC, Navy Federal Credit Union, CNN, Fed, National Federation of Independent, Investors, Financial Services, Senate Locations: New York, Richmond

NEW YORK (AP) — Former U.S. Rep. George Santos alleged in a lawsuit filed Saturday in New York that late-night host Jimmy Kimmel deceived him into making videos on the Cameo app that were used to ridicule the disgraced lawmaker on the show. Kimmel misrepresented himself to induce Santos to create personalized videos “capitalizing on and ridiculing” his “gregarious personality,” the lawsuit alleges. Through Cameo, Santos received requests from individuals and businesses seeking personalized video messages. Unbeknownst to Santos, Kimmel submitted at least 14 requests that used phony names and narratives, according to the complaint. Photos You Should See View All 33 ImagesStarting in December, the videos were played on a segment, “ Will Santos Say It?

Persons: George Santos, Jimmy Kimmel, Kimmel, Santos, ”, “ Will Santos, ” Robert Fantone Organizations: Former U.S . Rep, ABC, Walt Disney Co, Disney, Associated Press, New York Republican Locations: New York, U.S

☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
▼ + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.

Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum

Youngest brother Ted Kennedy was elected to John F. Kennedy's former Senate seat in Massachusetts. Ted Kennedy became a revered liberal voice and legislator, while Shriver was chosen as George McGovern's running mate in their unsuccessful 1972 presidential campaign. The last of President Kennedy's surviving siblings, former U.S. ambassador to Ireland Jean Smith, died in 2020. Robert F. Kennedy's widow, Ethel, is in her 90s and rarely comments publicly. Starting in 1968, after the assassination of Robert Kennedy, Ted Kennedy was the family's standard bearer and chosen orator.

Persons: — Patrick Kennedy, Sen, Ted Kennedy, John F, Kennedy, “, Republican David Dumas, ’, Patrick Kennedy, President Kennedy, Robert F, Kennedy Jr, Kerry Kennedy, Jack Schlossberg, ”, Thurston Clarke, Robert . “, Clarke, Robert Kennedy Jr, Patrick, John Francis “ Honey Fitz ” Fitzgerald, JFK's, Robert Kennedy, Sargent Shriver, Stephen Smith, Jacqueline Kennedy's, Shriver, George McGovern's, Joseph Kennedy II, Robert's, Kathleen Kennedy Townsend, Arnold Schwarzenegger, Maria Shriver, Caroline Kennedy, Hillary Clinton, Clinton, Barack Obama, David Paterson, Sean Wilentz, ” Patrick Kennedy, Amy, —, Richard Goodwin, Kennedy's, Ireland Jean Smith, Ethel, Caroline’s, Obama, Biden, Julian E, Zelizer, Robert, Robert Jr, ” Robert F, Caroline, Joseph Kennedy III, Victoria Reggie Kennedy, Ted Kennedy's, ” Timothy Shriver, Eunice Shriver, Kerry's, Rory Kennedy, Larry Sabato, hasn’t, “ I've Organizations: Republican, JFK, Boston Mayor, Peace Corps, White House, Senate, New York Gov, White, RFK Jr, Progress, Mental Health, RFK Human Rights Locations: Rhode Island, Massachusetts, Maryland, U.S, Ireland, Japan, Australia, Northern Ireland, Austria, Mississippi, Iraq

☆ Opinion | The World Series Didn’t Match the Very Best
▼ + stars: | 2023-11-03 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

The real world falls far short of a meritocracy, of course. In the wider world, I think, it would be good to squeeze more of the randomness out of who succeeds, getting closer to true meritocracy. The team owners want to expand the playoffs to 14 teams, but the players’ union has resisted. An inferior team can win a playoff series, or even more than one series, if the “game of inches” breaks its way. The Diamondbacks being a case in point, at least until they bombed out in the World Series, losing the best-of-seven competition after five games.

Persons: ” Robert Frank, Fortune, ”, ” Rob Manfred Organizations: Cornell University, Major League Baseball, National League, Diamondbacks, MLB Network Radio

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