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☆ India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says
▼ + stars: | 2024-06-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.

Persons: —, Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: —, China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing

☆ India wants to be the new China. Modi's shock election result shows it won't be easy.
▼ + stars: | 2024-06-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The growth is in part thanks to a shift in supply chains and investment flows as companies try to stop relying solely on China. India's stock markets tanked on the shock election results, with the benchmark Sensex index crashing over 5% in one day on Tuesday following the news. Despite the knee-jerk reaction, most analysts are optimistic about India's economic outlook given that Modi is still in charge. He said India will do better to capitalize on its services industry, especially since so many Indians are English speakers.

Persons: —, Narendra Modi's, Modi, Atman Trivedi, China, Council's Trivedi, Vishnu Varathan, Raghuram Rajan, NPR's, It's, Rajan Organizations: Service, Indian, Business, Bharatiya Janata Party, —, Atlantic, Asia Center, Centre, Monitoring, Coalition, Albright, Group, Mizuho Bank, United Nations Population Fund, University of Chicago Booth School of Business, Central Bank of India, International Monetary Fund Locations: China, India, Communist China, Asia, Japan

☆ People told this startup founder she was making a huge mistake—then she sold her company for $845 million
▼ + stars: | 2024-04-30 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Masterson is the founder of skincare brand Drunk Elephant, which launched in 2013 and sold to Japanese beauty company Shiseido in 2019 for a reported $845 million. At the very beginning, her friends and family thought she was making a huge business-killing mistake — with her company's name. "So the implication was they eat the fermented fruit [and] they'd get tipsy." She thought Drunk Elephant went perfectly with her quirky personality, but those closest to her thought she was insane, she said. Masterson also suspected the group would hate it, and other industry professionals would try to change her mind, she said.

Persons: Tiffany Masterson, Masterson, — Locations: South Africa

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ 'We're not here to talk about fights': Drama in Congress is starting to spill over
▼ + stars: | 2023-11-24 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Mike Rogers is restrained by Richard Hudson after getting into an argument with Matt Gaetz as House Republican Leader Kevin McCarthy walks away. AdvertisementWhat happened: Greene called Boebert a "little bitch" on the House floor, according to The Daily Beast. When asked about it, Boebert told CNN, "I'm not in middle school." After his vote, Burchett told CNN that McCarthy had mocked his faith when he told then-speaker that he was praying over his decision. The aftermath: McCarthy told CNN that he did not purposefully run into Burchett.

Persons: —, Rock, Bill, John Boehner, Don Young, Donald Trump's, Joanne Freeman, Matt Gatez, flexes, Win McNamee, Mike Rogers lunges, Matt Gaetz, Kevin McCarthy, Mike Rogers, Richard Hudson, Anna Moneymaker, McCarthy, Rogers, Gatez, Marjorie Taylor Greene, Lauren Boebert, Greene, Boebert, Joe Biden, Semafor, I'm, Georgia Lauren Boebert, Jabin, Tim Burchett, Sen, Markwayne Mullin, Mullin, Sean M, O'Brien, Elon Musk, Sean O’Brien, Bernie Sanders, ”, Sanders, banged, Burchett, McCarthy elbowed, — Claudia Grisales, NPR's Claudia Grisales, Grisales, Kevin ?, Kevin Organizations: Service, Capitol, Lawmakers, Yale, Politico, Florida Republican, GOP, Republican, House Armed Services, Rep, North Carolina Republican, Georgia Republican, Colorado Republican, Daily, CNN, Washington, Getty, Tennessee Republican, Caucus, Teamsters, Oklahoma Republican, MMA, United, Republicans Locations: Alaska, Florida, Alabama, Georgia, Colorado, Tennessee, Boebert, Oklahoma, United States, Burchett

☆ Allison Pohle — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-25 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

Allison PohleAllison Pohle is a reporter covering travel for The Wall Street Journal. Before coming to the Journal, she worked as a producer/director for NPR's On Point, and as an education reporter for Boston.com.

Persons: Allison Pohle Allison Pohle Organizations: Wall Street

☆ The pay penalty for becoming a teacher is worse than ever
▼ + stars: | 2023-10-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

A recent report highlighted the pay penalty between teachers and college graduates in other roles. The author found this pay penalty was at a record in 2022 when controlling for education and other factors. There's also a total compensation penalty for teachers when factoring in benefits like healthcare and retirement plans. Before the pandemic, the total compensation penalty was 10.2% in 2019 — with a benefits advantage of 9.0% and a wage penalty of 19.2%. At the same time teachers face a pay penalty, many use what they make to buy supplies and other items for their classrooms.

Persons: —, Sylvia Allegretto, Alana Ward, NPR's Michel Martin, COVID, we're, Allegretto, Kuehne Organizations: Service, Center for Economic, Policy Research, Economic Policy Institute, Survey, McKinsey

☆ Are you overindulging your kids? Ask yourself these 4 questions
▼ + stars: | 2023-09-24 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

When your child is having a meltdown in the grocery store aisle or at the restaurant dinner table, it can be hard to not appease them. However, overindulgence can have consequences down the line, Lauren Silvers, a child psychologist at FamilyWise Northwest, told NPR's Life Kit. Overindulging is not the same thing as spoiling, Silvers said. Spoiling is about the child's needs and wants, but overindulging is about making a parent's life easier. Don't miss: These 2 activities can help you raise smarter kids, says brain study: They’re ‘associated with improved cognition’Here's how to know whether you're overindulging your kids, and how to stop.

Persons: overindulgence, Lauren Silvers, Silvers, Overindulging

☆ An artist who turned in two blank canvases titled 'Take the Money and Run' has now been told to repay $75,000
▼ + stars: | 2023-09-19 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Back in 2021, a Danish artist turned in empty frames after being paid 532,000 kroner by a museum for his art. "I am shocked, but at the same time, it is exactly what I have imagined," Haaning told Danish broadcaster DR on Monday, per NPR's translation. However, Haaning refused, and consequently, the Kunsten Museum took him to court, the Guardian reported. And Italian artist Maurizio Cattelan once sold an artwork featuring fresh bananas he taped onto a wall for $120,000. Haaning and the Kunsten Museum did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Haaning, Jens Haaning, Lasse Andersson, Insider's Mia Jankowicz, Andersson, they're, Banksy, Maurizio Cattelan Organizations: DR, Service, Guardian, Kunsten Museum of Modern Art, Kunsten Locations: Danish, Copenhagen, Wall, Silicon, Aalborg, Denmark, Italian, Seoul

☆ Mark Cuban nearly went broke at age 27—and became a millionaire 5 years later
▼ + stars: | 2023-08-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban vividly remembers the moment he realized he was nearly broke. The secretary took about $82,000, effectively wiping out MicroSolutions' account balance, Cuban confirmed to CNBC Make It. Cuban then helped co-found AudioNet, which became Broadcast.com and was acquired by Yahoo for $5.7 billion in 1999, making Cuban a billionaire at age 40. "Once you learn how to sell, you can always start a business, [because] you're an entrepreneur at heart," Cuban told The School of Hard Knocks last year. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, TikToker Bobbi Althoff's, Cuban, Barstool, wasn't, Forbes, multimillionaire, NPR's, Rainer Zitelmann, Warren Buffett Organizations: CNBC, New York Times, Cisco, CompuServe, Yahoo, Cuban, Fortune, Hard Locations: Cuban

☆ Putin is trying to buy time with Prigozhin but will get revenge since he is the 'ultimate apostle of payback,' CIA director William Burns says
▼ + stars: | 2023-07-21 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

The director of the CIA believes that Putin has yet to play all of his cards against Yevgeny Prigozhin. Right now, Putin is buying time and seeing how he can still benefit from Prigozhin and Wagner Group. But Putin is the 'ultimate apostle of payback' CIA director William Burns said at the Aspen Security Forum. CIA Director William Burns, speaking at the Aspen Security Forum 2023 on Thursday, discussed Prigozhin's failed mutiny and the potential blowback to come. For now, Burns said, Putin is buying time, but when the time is right, Prigozhin may have a target on his back.

Persons: Putin, Yevgeny Prigozhin, William Burns, Wagner, Vladimir Putin, Joe Biden, Prigozhin's, Burns, NPR's Mary Louise Kelly, Prigozhin, Russia's, Alexander Lukashenko, Kelly Organizations: CIA, Wagner, Aspen Security, Service, Wagner Group, Belarusian Locations: Wall, Silicon, Ukraine, Russian, Rostov, Moscow, Belarus, Ukrainian, Bakhmut, Syria, Africa

☆ Biden raised nearly as much money as all the Republican candidates combined, showing the power of the somebody-other-than-Trump vote
▼ + stars: | 2023-07-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

That is nearly as much as all the Republican candidates combined despite his low approval numbers. CNNThis haul comes in the same quarter Biden made his reelection campaign official, which likely helped to boost the total. As Republican candidates start to fall out, the real question will become how many of these donors are some-other-Republican-besides-Trump voters and how many are truly anybody-but-Trump voters? But what happens if most of Trump's Republican candidates stay in for the long haul? How long the candidates stay in will likely come down to money, and Republican candidate Chris Christie defended the fundraising numbers.

Persons: Biden, Joe Biden's, Donald Trump, Trump, George Will, Ron DeSantis, Don Gonyea, Gonyea, Chris Christie, Jake Tapper, Dana Bush, Christie Organizations: Republican, Trump, Service, Democratic National Committee, GOP, CNN, Biden, Democrats, Trump voters, Washington Post, NPR, Union Locations: Wall, Silicon

☆ Yellen says US, China want to 'stabilize' relationship
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with "candor" and "respect." "There are challenges, but I believe there is a desire on both sides to stabilize the relationship and to constructively address problems that each of us see in our relationship, to do so frankly, with candor, with respect and to build a productive relationship going forward," she said. Yellen underscored that Washington was not looking to decouple from the Chinese economy, as Beijing fears, and noted that the United States and China would have almost $700 billion in trade this year, benefiting both sides. She said China has made many advances in recent years, including addressing a serious pollution problem in Beijing. "This is one of the most important bilateral relationships and economic and financial relationships that we have," Yellen said.

Persons: Janet Yellen, Yellen, Antony Blinken, Joe Biden's, John Kerry, Washington, Andrea Shalal, Chris Reese, Leslie Adler Organizations: . Treasury, U.S, Thomson Locations: United States, China, Beijing, Taiwan, U.S, Washington

☆ Video has become the hottest topic in podcasting, as some look to it to supercharge growth and others worry about how it will change the industry
▼ + stars: | 2023-06-27 | by ( Marta Biino | ) www.businessinsider.com time to read: +9 min

And while Schwarzenberger comes from the world of YouTube, it's not just content creators and influencers who have embraced video. "Sometimes they don't differentiate between a podcast on an audio platform, and a podcast on a video platform. Spotify recently started partnering with payment startup Creative Juice to support podcast creators. Hosting company RSS.com launched a tool in June to generate video from audio podcast tracks to repurpose on social media. And several AI tools have launched that automatically chop up long-form video content for short-form social platforms.

Persons: it's, Jordan Schwarzenberger, Schwarzenberger, influencers, Alison Lomax, Louise Kattenhorn, Matt Wells, — chatty, Conal Byrne, Will Ferrell, Nikki Glaser, Ryan Seacrest, Joe Gagliese, Liam Heffernan, RSS.com, Josh Adley, YouTube's, Natalie Amos, Listen's Adley, Keith Jenkins, Jenkins, Kristen Bousquet, Bousquet, Jay Clouse Organizations: YouTube, Ireland, BBC, Cumulus Media, Apple, Spotify, iHeart, Viral, Gleam Locations: London

☆ To video or not to video? Inside the biggest debate in podcasting and how it could shape the industry's future
▼ + stars: | 2023-06-26 | by ( Marta Biino | ) www.businessinsider.com time to read: +9 min

☆ Influencers are outranking journalists as news sources on TikTok and other platforms that win with younger audiences
▼ + stars: | 2023-06-14 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

Journalists rank behind influencers in driving news conversation on TikTok and other younger social platforms. Journalists are getting outflanked by influencers when it comes to reaching audiences around news topics on younger-skewing platforms like TikTok and Snapchat. But "personalities" won out on TikTok, Instagram, Snapchat, and YouTube (by a smaller margin). While TikTok was the fastest-growing network in the Reuters report, Facebook remained the most important overall, with 28% of consumers using it for news in the last week. The Reuters report also found a difference in the topics that resonated on different platforms, which could hinder the efforts of some journalists and news organizations.

Persons: TikTok, Whatsapp Organizations: Facebook, Twitter, Journalists, Reuters Institute, YouGov, YouTube, Reuters Locations: China, Asia

☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.

WASHINGTON, May 15 (Reuters) - The U.S. Deputy Treasury Secretary on Monday dismissed the idea of minting a platinum coin as a way to avoid a U.S. default, saying the only workable solution was for Congress to raise the federal debt ceiling. Asked in a National Public Radio interview about the possibility of minting a $1 trillion platinum coin to circumvent the debt ceiling, Adeyemo said "creative, inventive" ideas have been floated in the past but are not workable. U.S. Treasury Secretary Janet Yellen also has rejected the idea of a platinum coin to skirt the debt ceiling and fund government expenses. The debt ceiling standoff was already having an impact on the U.S. economy, Adeyemo said, hurting the University of Michigan's consumer sentiment surveys "because the American people are starting to worry about whether the government is going to pay the bills." He repeated a Moody's Analytics estimate that a default would cost the U.S. around 8 million jobs and lead to recession.

☆ AI could rebuild the middle class, or in the worst-case scenario 'we use AI to kill each other,' says labor economist
▼ + stars: | 2023-05-11 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Labor economist David Autor told NPR he believes AI could revitalize the middle class. "The good scenario is one where AI makes elite expertise cheaper and more accessible," Autor told NPR. "First of all, we live in the physical world, which most machines do not," Autor told NPR. "In my mind, I actually think the irony is that the labor market is the least scary part of this at the moment," Autor told NPR. Autor also said, in a worst-case scenario, "we use AI to kill each other" — echoing similar warnings from other researchers.

☆ Elon Musk threatened to hand NPR's Twitter handle to 'another company' if the organization didn't start tweeting again, report says
▼ + stars: | 2023-05-03 | by ( Mia Jankowicz | Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk has threatened to reassign NPR's Twitter handle, according to the broadcaster. NPR announced in mid-April that it would no longer tweet from its 52 official Twitter accounts. The move came after Twitter labeled NPR as "state-affiliated media." Elon Musk threatened to reassign NPR's Twitter handle to another entity if it didn't start tweeting again, the broadcaster reported. In a further email, Musk reportedly wrote: "Our policy is to recycle handles that are definitively dormant.

☆ Twitter descends into chaos as users lash out over Elon Musk's blue-check reversal for celebrities: 'Feel my wrath Tesla man!'
▼ + stars: | 2023-04-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Blue checks were reinstated on several accounts but users said they hadn't paid for them. Rapper Lil Nas X, whose blue check remained, tweeted that he didn't pay for Twitter Blue. Some users who had died, including Kobe Bryant and Anthony Bourdain, had blue checks on their profiles. The ongoing confusion highlights the challenges Musk has faced in getting people to sign up for Twitter Blue. Bloomberg reported that traffic data showed only 4% of people who visited the Twitter Blue sales website in March subscribed.

☆ Factbox: Broadcasters go silent on Twitter after 'government-funded' label
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

April 18 (Reuters) - Public broadcasters ranging from U.S.-based National Public Radio to Canadian Broadcasting Corp have stopped posting on Twitter in recent days after the Elon Musk-owned social media platform labeled their accounts as "government-funded". ** Canadian Broadcasting Corporation (CBC)CBC said on Monday it would pause its use of Twitter after the platform labeled it as "69% government-funded media". The Twitter label on the CBC account previously showed "70% government-funded media", but was changed to the current one after the CBC asked Twitter to re-examine the designation. ** Public Broadcasting Service (PBS)PBS, which has around 2.2 million followers on Twitter, halted publishing on Twitter after it was labeled as "government-funded media", according to media reports. ** Hawaii Public RadioHawaii Public Radio, a member station of NPR, said it would stop sharing its content on Twitter after the micro-blogging site labeled NPR's Twitter handle as "government-funded media".

☆ Several news organizations go silent on Twitter after Elon Musk adds 'government-funded media' label to some accounts
▼ + stars: | 2023-04-13 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

NPR and PBS stopped tweeting from their accounts after Twitter labeled them as "government-funded." Twitter on Sunday added the label to some media accounts, including NPR and the BBC. Following an interview with a BBC reporter on Tuesday, Musk changed the label on the BBC's Twitter account to "publicly funded media" instead of "government-funded." NPRNPR's "government-funded" label remains. PBSPublic Broadcasting Service, a US broadcaster, told Axios it stopped sharing posts from its Twitter account after the "government-funded media" label was added to its account over the weekend.

NPR said Wednesday it will stop sharing content on Twitter after the social media company labeled NPR "state-affiliated media," a term also used for Russia- and China-based propaganda outlets. NPR was surprised by Twitter's decision to label the company "state-affiliated media," according to a report by the outlet. NPR CEO John Lansing told his employees that NPR "will not immediately return to the platform" even if Twitter drops the designation. He stripped the news organization's verification checkmark shortly thereafter, citing the company's refusal to pay for the platform's revamped Twitter Blue subscription service. Twitter relaunched its updated Twitter Blue subscription service in December after Musk pulled and delayed the launch in November.

☆ NPR CEO explains why the news organization is quitting Twitter: 'At this point I have lost my faith in the decision-making at Twitter.'
▼ + stars: | 2023-04-12 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

NPR's CEO John Lansing said quitting Twitter will allow NPR to continue producing journalism without "a shadow of negativity," NPR reported. "The downside, whatever the downside, doesn't change the fact," Lansing told NPR. "At this point I have lost my faith in the decision-making at Twitter," Lansing told NPR. Staff and journalists who work at NPR can decide if they want to stay on Twitter, Lansing told NPR. In what could be its last Twitter thread, NPR shared links to its app, newsletters, and other social media platforms.

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