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☆ Companies are 'unbossing' the workplace, and millennial managers are getting axed
▼ + stars: | 2024-05-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewCompanies are increasingly ditching middle management positions, and it could be millennials who find their jobs are most at risk. While Galvin said the intent of reducing middle management is to streamline communication between employees and senior executives, the impact could be unfairly balanced. AdvertisementMiddle management positions accounted for almost a third of layoffs in 2023, according to an analysis for Bloomberg — an increase from 20% in 2018. It just so happens that a lot of middle managers are millennials. Many current middle managers are also burned out with their teams being downsized, and an increased workload.

Persons: —, it's, Lara Milward, Joe Galvin, Vistage, Steven Baert, It's, Galvin, Chris Lovell, Chris, millennials, Lovell, Zers, Milward, Joel Wolfe, HiredSupport, Millennials, Wolfe, Shoshanna Davis, unbossing, Davis, Gen Organizations: Service, Business, Novartis, Gallup, Bloomberg —, Technologies, SoFi Technologies

☆ Rare cases of possible Alzheimer’s transmission uncovered in recipients of discontinued medical treatment
▼ + stars: | 2024-01-29 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +9 min

All five adults had growth hormone deficiency as children and received pituitary growth hormones prepared in a specific way from cadavers. The treatment approach was discontinued after cases of a rare brain disorder called Creutzfeldt-Jakob disease were found to be associated with the administration of contaminated human growth hormone from cadavers. Although Alzheimer’s is not a prion disease, some separate research suggests that the two proteins that are hallmarks in Alzheimer’s disease — amyloid beta and tau — behave like prions. “This study suggests that in very rare circumstances Alzheimer’s disease may be transmitted between humans via human growth hormone from deceased donors. “I’m also intrigued by how these results may inform potential therapeutic targets and strategies in the future,” Isaacson said, regarding Alzheimer’s disease.

Persons: John Collinge, Jakob, Creutzfeldt – Jakob, Alzheimer’s, ” Collinge, ’, –, ” Dr, Susan Kohlhaas, ” Kohlhaas, “ It’s, Dr, Richard Isaacson, ”, Isaacson, “ I’m, ” Isaacson, “, Gargi Banerjee, ” Banerjee, James Galvin, Sanjay Gupta, ” Galvin, Lewy Organizations: CNN, Nature, University College London Institute, University College London, National Hospital for Neurology, Neurosurgery, Alzheimer’s Research, Science Media, Comprehensive, Brain Health, University of Miami Health, CNN Health Locations: United Kingdom, United States, United, Florida, UHealth, Creutzfeldt

Song’s quietly romantic film, starring Greta Lee and Teo Yoo as childhood friends who reconnect later in life, earned nominations for her direction, script and for both actors. “May December,” about an actress preparing to play a Mary Kay Letourneau-like role got nods for Natalie Portman, Charles Melton and screenwriter Samy Burch. MGM’s “American Fiction,” featuring Jeffrey Wright as a frustrated novelist, got recognition for Wright, Erika Alexander and Sterling K. Brown. Josh Welsh, the president of Film Independent, said the spirit awards look for films and shows that, “demonstrate the uniqueness of vision, original, provocative subject matter, economy of means and diversity, both on screen and off.”The Spirit Awards also recognize television series. Billie Eilish was also nominated for “Swarm.”Saturday Night Live’s Aidy Bryant is hosting the show, which will take place on Feb. 25 in Santa Monica, California.

Persons: Song’s, Greta Lee, Teo Yoo, “, Mary Kay Letourneau, Natalie Portman, Charles Melton, Samy Burch, MGM’s, Jeffrey Wright, Wright, Erika Alexander, Sterling K, Brown . Jefferson, ”, ” Kelly Reichardt’s, Robert Altman, Michelle Williams, André Benjamin, Hong Chau, Judd Hirsch, Amanda Plummer, Alexander Payne's “, Paul Giamatti, Da’Vine Joy Randolph, Dominic Sessa, Payne, Giamatti, Andrew Haigh, Ira Sachs, William Oldroyd, Eileen, Haynes, Song, “ Oppenheimer, Maestro ”, Lee, Yoo, Portman, Jessica Chastain, Monica, Judy Reyes, Andrew Scott, Franz Rogowski, Teyana Taylor, Noah Galvin, Anne Hathaway, Glenn Howerton, Marin Ireland, Catalina Saavedra, Ben Whishaw, Brown, Alexander, Marshawn Lynch, Sandra Hüller, Justine Triet’s “, Jonathan Glazer’s, Iceland’s, Wata, Michelle Yeoh, Ke Huy Quan, Josh Welsh, Steven Yeun, Ali Wong, Bella Ramsey, Murray Bartlett, Nick Offerman, Billie Eilish, Live’s Aidy Bryant Organizations: NFL, ”, Film, “, YouTube Locations: Hong, Melton, Randolph, Poland, Denmark, Santa Monica , California

CNN has requested comment from Musk and X on the posts related to the Israel-Gaza conflict. Community notes allow users on X to fact-check false posts on the platform. While notes were appended to both of these false posts, they often come after a false post has been viewed thousands – or in some cases millions – of times. “In times of war, social media becomes a propaganda battlefield; there is always an element of disinformation and exaggeration,” said Emerson Brooking, senior resident fellow at the Atlantic Council’s Digital Forensic Research Lab. He said other platforms that have little or no guardrails including the social media messaging app Telegram are also hotbeds of misinformation, but X is unique given Musk’s behavior.

Persons: Musk, influencer Jackson Hinkle, Hinkle, Benjamin Netanyahu, ”, Israel, Emerson Brooking, ” Brooking, ” Joe Galvin, ” Galvin, X Organizations: CNN, Elon, White, Washington, Pentagon, Jerusalem Post, Directorate, Defamation League, Atlantic, Forensic Research, “, monetization, Twitter Locations: Israel, Ukraine, Russia, Gaza, Azerbaijan

Alongside cheese and charcuterie, he almost always includes a platter of figs interspersed with dozens of loose Marlboro Golds. The Charlotte, N.C.-based artist grew up among the tobacco farms of Williamston, where their grandmother worked in the fields. “Seeing my grandmother die and not being compensated in any way showed me how disposable people are to Big Tobacco. “I think my generation can relate more to addiction to the phone than addiction to tobacco,” they say. To me, cigarettes represent how we treat both things and people now.”Set design by Yolande Gagnier.

Persons: Daniel E, Soares, ”, Alma Berrow, ” Nicholson, Yolande Gagnier, Christopher T, Linn, Brendan Galvin Organizations: Marlboro, Tobacco Locations: York, British, Charlotte, N.C, Williamston

☆ Dublin Marathon Medals Commemorate Yeats, and Misquote Him
▼ + stars: | 2023-09-13 | by ( Emmett Lindner | More About Emmett Lindner | ) www.nytimes.com time to read: +1 min

Though the quote is widely attributed to Yeats online, there is no record of him having ever written or said the line, said Susan O’Keeffe, the director of the Yeats Society Sligo in Sligo, Ireland. “The thing about Yeats that’s worth bearing in mind is that an awful lot of his letters and his articles and his essays were kept,” Ms. O’Keeffe said. The organizers “set out to do a good thing, and they have done a good thing,” she said. The organizers of the Dublin Marathon, which was established in 1980 and is sold out this year with 22,500 runners, have over the years used the medal design as a way to commemorate prominent figures who have contributed to Irish society. Some of the commentary this year has centered on “the view that this quote has never definitively been proven to be Yeats,” said Sinéad Galvin, a spokeswoman for the marathon.

Persons: Yeats, Susan O’Keeffe, Ms, O’Keeffe, “, ”, Sinéad Galvin Organizations: Yeats Society Sligo, Dublin Marathon Locations: Sligo, Ireland

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. The Massachusetts Supreme Judiciary Court reversed a lower-court judge's decision in favor of Robinhood in a lawsuit it filed after Massachusetts Secretary of State Bill Galvin in 2020 accused it of encouraging inexperienced investors to place risky trades. Galvin is seeking to have Robinhood's state broker-dealer license revoked. She noted that Galvin deemed the rule necessary "to protect investors confused by the increasingly blurred line between broker-dealers providing investment advice and investment advisers." "The rule that has been upheld by the Supreme Judicial Court today will give the highest protections to Massachusetts investors when brokers provide investment advice," Galvin, a Democrat, said in a statement.

Persons: Andrew Kelly, Bill Galvin, Galvin, Lucas Moskowitz, Robinhood's, Robinhood, stockbrokers, Dalila Wendlandt, Galvin permissibly, Nate Raymond, Jonathan Oatis, Alexia Garamfalvi Organizations: Inc, REUTERS, BOSTON, Court, U.S . Securities, Exchange Commission, Robinhood, Menlo, Thomson Locations: New York City, U.S, Massachusetts, Menlo Park , California, Friday's, Boston

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File PhotoBOSTON, Aug 3 (Reuters) - Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology's potential unchecked use. Others who received letters included Tradier Brokerage, US Tiger Securities, E*Trade, Savvy Advisors and Hearsay Systems, according to a spokesperson for Galvin, a long-serving Democrat and prominent state securities regulator. "If deployed without the guardrails necessary to ensure proper disclosure and consideration of conflicts, I am concerned that this technology could result in harm to investors," Galvin said in a statement. The investigation came a week after the U.S. Securities and Exchange Commission proposed requiring broker-dealers to eliminate possible conflicts of interest from the use of artificial intelligence on trading platforms.

Persons: Aly, Bill Galvin, Morgan Stanley, Galvin, Nate Raymond, Chris Prentice, Mark Porter, Andrea Ricci Organizations: Artificial Intelligence, REUTERS, BOSTON, JPMorgan Chase, US Tiger Securities, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Shanghai, China, Massachusetts, Boston, Washington

☆ UN warns that implanting unregulated AI chips in your brain because could threaten your mental privacy
▼ + stars: | 2023-07-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

The United Nations is warning about "potentially harmful" advances in neurotechnology. Some tech could allow AI to compromise a person's mental privacy, UNESCO officials said. "It's like putting neurotech on steroids," Mariagrazia Squicciarini, an economist from the United Nations Educational, Scientific and Cultural Organization, told the AFP. I didn't like it at all," Galvin, who eventually had the device removed, told UNESCO. It could threaten our rights to human dignity, freedom of thought and privacy," UNESCO director-general Audrey Azoulay said in June, when she proposed a "common ethical framework at the international level."

Persons: Gabriela Ramos, Ramos, Antonio Guterres, Hannah Galvin, Galvin, " Galvin, Squicciarini, Audrey Azoulay Organizations: UNESCO, UN, Morning, United Nations, Agence France, United Nations Educational, Cultural Organization, AFP Locations: neurotechnology

☆ Thames Water's turnaround plan backed by investor USS
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 30 (Reuters) - Universities Superannuation Scheme (USS), one of the largest investors in Thames Water, has given its support to Britain’s biggest water supplier after the abrupt departure of its CEO raised concerns about its viability. The British government is considering temporary state ownership of the company, which supplies a quarter of British households, if it cannot raise more funds to drive its turnaround. “We have given our backing to Thames Water’s turnaround plan and Net Zero roadmap and engage with them regularly to support their long-term strategy,” USS group CEO Bill Galvin said on Friday in a note to its sponsoring employers. Thames Water is struggling with 14 billion pounds ($17.8 billion) of debt and has failed to meet customer and environmental targets, including stemming the flow of raw sewage into rivers. ($1 = 0.7876 pounds)Reporting by Carolyn Cohn; Writing by James Davey; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Galvin, ”, USS’s Galvin, Carolyn Cohn, James Davey, Daniel Wallis Organizations: Thames, System, China Investment Corp, Thomson Locations: Thames, Ontario

☆ Called the French ‘Huck Finn,’ This Book Has Pleasures All Its Own
▼ + stars: | 2023-06-27 | by ( Marco Roth | ) www.nytimes.com time to read: +2 min

The novel is existential or, more appropriately, elemental: Earth, air, fire and water — these are Bosco’s instruments along with the passions, fears and fantasies each of them evokes. The result is a strange kind of gothic romance about the human attempt to reach a real peace with wildness and wilderness without pacifying them, subduing them, paving them over. It is a more modest undertaking than “Malicroix,” yet full of small beauties, like a multifaceted gem. A grove of poplars is described like this: “Bunched tightly together against the daylight, their leaves formed a dark hedge. Some grew up almost from the level of the water in the shallower pools.

Persons: Bosco, I’ve, James Galvin's, “, frustratingly, Huck Finn, ”, he’s Locations: American

☆ AIB upgrades guidance after 70% jump in first quarter income
▼ + stars: | 2023-05-04 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

SummarySummary Companies Bank increases FY net interest income guidance by 10%New savings products to be introduced in H2CFO comfortable with market consensus for 2024, 2025DUBLIN, May 4 (Reuters) - Ireland's largest mortgage lender AIB (AIBG.I) revised its full year guidance upwards across the board on Thursday after its total income jumped 70% year-on-year in the first quarter due to record increases in official interest rates. The bank said it expects net interest income of 3.3 billion euros this year versus the 3 billion guided in March, increased its net interest margin forecast to above 2.70% from 2.40% and forecast 2023 return on tangible equity (ROTE) to be a high-teens percentage. A 215 million euro direct share buyback last week cut the government's stake in the bank to 53%. The bank's net interest margin (NIM), a key metric showing the profitability of its lending, rose to 2.78% in the first quarter versus 1.45% a year ago when it was still operating in a negative interest rate environment. AIB Chief Financial Officer Donal Galvin said the market consensus for NIMs of 2.40% and 2.50% in 2024 and 2025 seemed reasonable.

Companies Robinhood Markets Inc FollowMay 3 (Reuters) - Massachusetts' highest court on Wednesday heard arguments on whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. Lawyers for a Robinhood Markets Inc (HOOD.O) subsidiary and Massachusetts Secretary of State Bill Galvin argued before the state's Supreme Judicial Court over the legality of a 2020 state regulation, which Robinhood has said oversteps Galvin's authority. He argued that Robinhood violated the rule he adopted that raised the investment-advice standard for brokers and that its broker-dealer license in the state should be revoked. "Secretary Galvin feels strongly in the need to apply fiduciary duty standards to financial professionals," a spokesperson said. "The Robinhood case is the perfect example of the need for such a rule in Massachusetts."

☆ Jerry Springer cause of death revealed
▼ + stars: | 2023-04-28 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Longtime television host and former mayor of Cincinnati Jerry Springer died from pancreatic cancer, his longtime representative Linda Shafran confirmed to CNN Friday. Springer’s death had been announced Thursday. His tabloid talk series, “The Jerry Springer Show,” premiered in 1991 and was wildly successful in syndication. Both Springer and his show were often criticized for helping to popularize “trash TV” due to the often outrageous guests he hosted. Springer once told CNN that he did not mind being referred to as the “grandfather of trash TV,” saying in 2010, as “The Jerry Springer Show” celebrated its 20th anniversary on the air: “It’s probably accurate.

☆ Jerry Springer, raucous talk show host, dead at 79
▼ + stars: | 2023-04-27 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/3] Television personality Jerry Springer at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 25, 2016. REUTERS/Lucy Nicholson/File PhotoLONDON, April 27 (Reuters) - Television personality Jerry Springer, known for a long-running talk show that featured raucous audiences, controversial topics and fist-fighting guests and who briefly served as Cincinnati mayor, died at age 79 on Thursday, his family said. Springer was born in London on Feb. 13, 1944, and immigrated to New York City when he was 4 years old. In 1991, Springer landed his own television program, a syndicated talk show broadcast across the United States until 2018. The daytime program, known as "The Jerry Springer Show," was initially a politically oriented show but later featured everyday people discussing sensationalistic topics, often related to unconventional sexuality.

☆ Jerry Springer, Host of Unapologetically Brash Talk Show, Dies at 79
▼ + stars: | 2023-04-27 | by ( Remy Tumin | ) www.nytimes.com time to read: 1 min

Jerry Springer, the brash talk show host who mediated tumultuous relationships and family feuds and who briefly served as mayor of Cincinnati, died on Thursday at his home in Chicago. Mr. Springer’s death, after a brief illness, was confirmed in a statement by Jene Galvin, a family friend and executive producer of Mr. Springer’s podcast. “The Jerry Springer Show” ran for nearly three decades, reaching its peak viewership in the 1990s. No matter what sort of drama had taken place in front of a studio audience and viewers tuning in from home, Mr. Springer ended each segment with a signature sign-off: “Take care of yourself, and each other.”A complete obituary will follow.

☆ Calls to move away from the U.S. dollar are growing — but the greenback is still king
▼ + stars: | 2023-04-24 | by ( Penny Chen | ) www.cnbc.com time to read: +5 min

Kacper Pempel | ReutersCalls to move away from relying on the U.S. dollar for trade are growing. The U.S. dollar accounted for 58.36% of global foreign exchange reserves in the fourth quarter last year, according to data from the IMF's Currency Composition of Foreign Exchange Reserves (COFER). China is one of the most active players in this push given its dominant position in global trade right now, and as the world's second largest economy. The IMF estimates that Asia could contribute more than 70% to global growth this year. In the Middle East, major oil exporter Saudi Arabia has reportedly signaled it's open to trade in other currencies other than the greenback.

☆ Massachusetts investigator launches investigation into First Republic bank
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMassachusetts investigator launches investigation into First Republic bankMassachusetts Secretary of the Commonwealth William Galvin joins 'Squawk Box' to discuss his concerns with First Republic bank, what happens if something arises from the state's investigation, and more.

☆ Exclusive: Massachusetts regulator probes First Republic insiders' stock sales
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +4 min

He is seeking details about the firm's insider trading policies and how officers handled their stock sales from January 1. A spokesperson for First Republic declined to confirm the firm received a subpoena or comment on the stock sales. Silicon Valley Bank and Signature Bank were seized by regulators days later amid liquidity crises, actions that sapped investor confidence in the sector. SHARE SALESSeveral First Republic executives have sold shares this year, including founder and Executive Chairman James Herbert. Herbert and Roffler did not respond to requests for comment on their stock sales or the subpoena.

☆ Analysis: What's behind bitcoin's latest surge?
▼ + stars: | 2023-03-22 | by ( Tom Wilson | ) www.reuters.com time to read: +5 min

The original and biggest cryptocurrency has been here before, its 15-year history peppered with dramatic price increases and equally vertiginous drops. Driving bitcoin's gains have been its core user base of retail investors, analysts said. In the past, too, dramatic price swings for bitcoin have been closely tied to shifts in monetary policy globally. In 2022, bitcoin plummeted over 65% as higher rates triggered the fall of a major crypto token, precipitating the closure of major hedge funds and crypto lenders. To be sure, some investors say developments to bitcoin's intrinsic characteristics are now capable of supporting its price.

☆ There's 'radical uncertainty' among economists on what will happen at Fed meeting: Strategist
▼ + stars: | 2023-03-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's 'radical uncertainty' among economists on what will happen at Fed meeting: StrategistGalvin Chia of NatWest Markets discusses interest rate forecasts, which range from a 25 basis point cut to a 50 basis point hike, and says such a "divided economist consensus" hasn't been seen in the last year and a half.

The dollar index , which tracks the greenback against six major peers was at 104.48, steady on the day. "The easy part of the short USD trade is over," said Galvin Chia, emerging markets strategist at NatWest Markets. "Until major releases can change the view, the market bias looks like good news is bad news - a resilient U.S. economy is risk-negative." Something that is bad news for risk sentiment, in this case, the likelihood of higher interest rates, would typically boost safe-haven curencies like the dollar. Reporting by Rae Wee and Alun John; Editing by Lincoln Feast and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar retreats as investors come to terms with higher-for-longer U.S. rates
▼ + stars: | 2023-02-23 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

Nearly all Fed policymakers favoured a scale down in the pace of interest rate hikes at the U.S. central bank's last policy meeting, minutes from the Jan. 31-Feb. 1 FOMC meeting showed on Wednesday. However, they also indicated curbing unacceptably high inflation would be the "key factor" in how much further rates need to rise. "Many central banks around the world ... are trying to put an emphasis in their determination to combat inflation expectations," said Christopher Wong, a currency strategist at OCBC. The kiwi continued to draw some support from the Reserve Bank of New Zealand's hawkish rate rise on Wednesday, after the central bank signalled further tightening ahead to tame high inflation. "The easy part of the short USD trade is over," said Galvin Chia, emerging markets strategist at NatWest Markets.

☆ Markets are unlikely to look to Indian budget for 'telltale signs' on how to trade rupee: Strategist
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are unlikely to look to Indian budget for 'telltale signs' on how to trade rupee: StrategistGalvin Chia of NatWest Markets says the Indian budget will be something of a "non-event" for those in Singapore.

☆ Yuan to strengthen once zero-Covid headwinds are gone: Strategist
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese yuan will probably strengthen once headwinds from zero-Covid policy are gone: StrategistGalvin Chia of NatWest Markets discusses the outlook for the Chinese economy and currency.

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