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☆ Elon Musk says OpenAI's compensation is 'lavish.' Here's how much employees get paid.
▼ + stars: | 2024-11-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Elon Musk is doubling down on his lawsuit against OpenAI, and he's taking issue with what they pay employees. AdvertisementSo just how much does OpenAI pay its employees? Since it's a private company, OpenAI isn't required to report compensation data in the way public companies must. Levels.fyi, which tracks compensation data at tech firms and startups, says total yearly compensation at OpenAI ranges from $144,275 for a technical writer to $1,338,750 for a software engineer. OpenAI's median yearly total compensation is $534,197, according to data reported on the tracker.

Persons: Elon Musk, Reid Hoffman, OpenAI, Musk, Sam Altman, Roger Lee, Hoffman, Greg Brockman Organizations: Microsoft, OpenAI, Elon, San Francisco Bay Area, Bloomberg Locations: OpenAI, Levels.fyi, San Francisco Bay

Four years after the radio telescope at the Arecibo Observatory in Puerto Rico collapsed, a report from the National Academies of Sciences, Engineering and Medicine is shining a light on the unprecedented failures that caused its destruction. The zinc gradually lost its hold on the cables suspending the telescope’s main platform over the reflector dish. The telescope was built in the 1960s with money from the Defense Department amid a push to develop anti-ballistic missile defenses. Following a few other cable failures, the federal agency decided to begin a plan to decommission the telescope in November 2020. In 2022, the National Science Foundation said it would not rebuild Puerto Rico's renowned radio telescope.

Persons: Roger L, McCarthy Organizations: Arecibo, National Academies of Sciences, Engineering, Medicine, University of Central, National Science Foundation, Arecibo Observatory, Defense Department Locations: Puerto Rico, University of Central Florida, Puerto

☆ Trump’s return to power raises serious questions about the media’s credibility
▼ + stars: | 2024-11-06 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Donald Trump’s return to power is a hinge point for the American media – in ways big, small, and to be determined. A severe trust deficit exists between the Trump base and big institutional media outlets. “Maybe ‘misinformation’ is a lazy word that was never applied to press coverage of Biden’s health or the border. Thus, Trump’s reelection portends a new period of hostility with major media outlets that strive for impartiality as well as partisan outlets that oppose him. Further, will media outlets engage in self-censoring to appease Trump, and if so, how will readers and viewers who oppose Trump react?

Persons: New York CNN — Donald Trump’s, Kamala Harris, Matt Walsh, Trump, ”, we’ve, “, Dave Weigel, Harris, Scott Jennings, Trump’s, ” Jennings, Liz Cheney, Nikki Haley, Tim Walz, ‘, ’ ”, Ashley Allison, Rupert Murdoch, portends, ” Conde Nast, Roger Lynch Organizations: New, New York CNN, Trump, Republicans, CNN, ’ ” Liberal, Fox News, White Locations: New York, United States, America, York, Puerto Rico

☆ Sapelo Island ferry resumes operations after deadly boat dock gangway collapse
▼ + stars: | 2024-10-21 | by ( Nicole Chavez | Michelle Watson | ) edition.cnn.com time to read: +8 min

CNN —A ferry connecting an island off the coast of Georgia resumed operations Monday while the investigation to see what might have caused a deadly dock collapse that killed seven people continues. “Our hearts continue to go out to the victims, their families, and all of those involved in Saturday’s tragic occurrence on Sapelo Island,” said Walter Rabon, the department’s commissioner. Febury Hassan/Caring Connection Chaplaincy/Zelda Johnson/William Johnson Sr./John Thomas/Impact Church“He was a real, laid back, humble guy,” his son, Jeff Thomas, told CNN. “Sapelo Island itself is a jewel within Georgia,” he said. The event honors Geechee traditions and has “entertainers, vendors, and special guests, including Island descendants” according to the Sapelo Island Cultural and Revitalization Society.

Persons: ”, Walter Rabon, Ben Crump, ” Crump, ‘, Melvin Amerson, Jacqueline Crews Carter, Cynthia Gibbs, William Johnson Jr, Carlotta McIntosh, Isaiah Thomas, Queen Welch, Charles L, Welch, Johnson Jr, William Johnson Sr, ” Johnson, ’, Zelda, “, Zelda Johnson, Thomas, Charles Houston, Febury Hassan, John Thomas, Jeff Thomas, Thomas ’, Catherine Sneed, ” Sneed, Vanessa Jordan, Deacon Randall Jordan, Gibbs, Jordan, McIntosh, ” Febury Hassan, ” Hassan, Hassan, Roger Lotson, Lotson, ” Lotson, ” CNN’s Devon Sayers, Kia Fatahi, Zenebou Sylla Organizations: CNN, Georgia Department of Natural Resources, ”, US Air Force, Wellesley College, Impact Church, Revitalization Society Locations: Georgia, Jacksonville , Florida, Atlanta, Darien , Georgia, McIntosh County, Sapelo, ”, McIntosh

☆ Elon Musk is flexing his wealth and political power unlike any of the richest men before him
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Musk has also seeded at least $75 million into a pro-Trump super PAC. "Elon Musk is sort of a natural for Donald Trump, " journalist Roger Lowenstein, who wrote a biography about Warren Buffett, told Business Insider. Recently, Musk's company seized the @America handle to boost his super PAC. AdvertisementNone of the other recent wealthiest men have come close to Musk's super PAC spending. Bezos made the biggest splash in 2018 when they donated $10 million to With Honor, a super PAC that supported veteran candidates.

Persons: Elon Musk, —, Donald Trump's, Musk, Elon, Donald Trump, Roger Lowenstein, Warren Buffett, Timothy Mellon, Robert F, Kennedy Jr, Koch, Michael Bloomberg, Bill Gates, Jeff Bezos, Ciara Torres, Lowenstein, Buffett, Warren, doesn't, It's, Anna Moneymaker, Barack Obama, Sen, JD Vance, Trump's, Trump, Ken Vogel's, Obama, Steve Ballmer, Gates, John McCain, Hillary Clinton, Joe Biden, he's, Steve Pope, Harris, Biden, Melinda French Gates, Bezos Organizations: Trump, Service, PAC, America PAC, American, Stetson University, Alternative Energy, The New York Times, Citizens, Citizens United, Microsoft, Berkshire, Republican, Obama, Electoral College, Nebraska, Congressional, Musk's, Washington Post, Communist Locations: Pennsylvania, Butler , Pennsylvania, Omaha, Gates, Nebraska's

☆ What Are Trump’s Chances on Appeal? Not Good. - The New York Times
▼ + stars: | 2024-06-10 | by ( Roger L. Stavis | ) www.nytimes.com time to read: +1 min

Donald Trump has vowed to appeal his conviction on 34 counts of falsifying business records. Some on the right have argued that the trial was a “target-rich environment” for an appeal. Others have said that the U.S. Supreme Court should “step in” and provide relief to Mr. Trump. The burning question now is, could his conviction be reversed on appeal? My answer is, the chances of that are not good.

Persons: Donald Trump, Trump, I’ve Organizations: U.S, Supreme, Trump —, Appellate, First Department Locations: New York

☆ Condé Nast has reached a deal with its union, and some call it bittersweet
▼ + stars: | 2024-05-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewThe labor union representing Condé Nast employees reached a tentative agreement with the company, hours before the union was set to strike ahead of one of fashion's biggest events of the year, the Anna Wintour-cohosted Met Gala. AdvertisementThe win is bittersweet for some union members. Union members who spoke with Business Insider expressed relief and elation over the contract achievement and resulting employment benefits at Condé Nast, historically known for its low starting pay. Related stories"There's just not going to be any more, 'You're going to make 30 grand a year and work your fingers to the bone,'" said one Condé Nast staffer. "I'm definitely thinking about layoffs," a second Condé Nast staffer said.

Persons: —, Condé, Anna Wintour, cohosted, repped Condé, Roger Lynch, There's, Condé Nast, couldn't, Nast, Mark Alan Burger, we're Organizations: Service, Condé Nast, Business, Union, Vogue, GQ, New York, Metropolitan Museum of Art Locations: New York, New York City, Bon, Union

☆ Sydney, Australia, stabbing: Mall attacker may have targeted women, police say, as more details emerge of his six victims
▼ + stars: | 2024-04-15 | by ( Helen Regan | Sandi Sidhu | Mall Attacker Was Known To Authorities | ) edition.cnn.com time to read: +10 min

The community is devastated in the knowledge of their loss.”Police said Monday they had concluded their examinations of the shopping mall and the crime scene was being handed back to Westfield. More than 100 pieces of evidence were removed and will be forensically examined as part of the investigation, said Yasmin Catley, New South Wales Minister for Police. A woman cries as she comes out of the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. People react outside the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. The number of women killed by violence in Australia has ranged between 43 and 84 each year since Counting Dead Women began tallying deaths in 2012.

Persons: Joel Cauchi, Health Ryan, Cauchi, Karen Webb, ”, ” Webb, “, Lisa Maree Williams, Chris Minns, ” Minn, Yasmin Catley, David Gray, Baby, ‘, Ashlee Good, Good, Health Park, Ashlee, Faraz Tahir, ” Tahir, Adnan Qadir, Tahir, Anthony Albanese, KIIS, Yixuan Cheng, ’, undoubtably, Amy Scott, Scott, Webb, Amy, she’s, Roger Lowe, David GRAY, Lowe, New South Wales Premier Minns, Arthur Organizations: CNN, New South Wales ’, Health, New South Wales Police, ABC, ” Police, Getty, Police, Westfield, New South Wales Minister, “, “ Staff, Ahmadiyya Muslim Community of Australia, Australian, Embassy, Australia’s, Queensland Police, New South Wales Police Force, Queensland Police Service, New South Wales Premier, Minn Locations: Sydney’s, Bondi, Westfield, New South, New, Bondi Junction, Australia, Queensland, Sydney, AFP, Pakistan

☆ Sydney knife attacker had mental health issues, ideology not motive, police say
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +2 min

The man who fatally stabbed six people in Sydney had mental health issues in the past and there was no indication ideology was a motive in the attack in one of the city's busiest shopping centres, police said on Sunday. Cauchi's family recognised him and contacted police on Saturday after seeing news reports of the killings. Witnesses described how Cauchi, wearing shorts and an Australian national rugby league jersey, ran through the Westfield Bondi Junction mall with a knife. "This was a terrible scene," New South Wales Police Assistant Commissioner Anthony Cooke told reporters. Five of the six people killed were women, and the male victim was a shopping centre security guard, police said.

Persons: Joel Cauchi, Roger Lowe, Amy Scott, Anthony Cooke, Cauchi, Lowe, Ashlee Good Organizations: New, Queensland Police, Australian, rugby league, Westfield, New South Wales Police, Police Locations: Sydney, Queensland, New South Wales, Sydney's, New, Australia

☆ What life is like inside Condé Nast's 'rubber room' for the union members it's trying to lay off: 'Disrespected and undermined'
▼ + stars: | 2024-04-12 | by ( Lucia Moses | ) 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. So in the meantime, the Condé Nast Union members have been assigned in recent weeks to a "centralized team" under Chris DiPresso, VP of content finance and operations. They were given assignments they were told were consistent with their skills, but not given firm deadlines or told what they were meant for. Condé Nast CEO Roger Lynch in November said the company would lay off 5% and shift focus to support short-form video, subscriptions, and e-commerce. Some believe the company is using the "rubber room" move to demoralize people and get them to leave the company on their own.

Persons: —, Chris DiPresso, Slack, Delia Cai, Ina Garten, Cai, Condé, Roger Lynch, Bon, Condé Nast Organizations: Service, Vogue, Condé Nast Union, Business, New York, Washington Post, Disney, Warner Bros Locations: New York City, Hollywood

☆ Bon Appétit plans to cut about 25% of its union staff, and insiders worry it will undermine the rebuilding the brand has done after a racial reckoning
▼ + stars: | 2024-04-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

Four years after a racial reckoning roiled Condé Nast's Bon Appétit, insiders worry that planned cuts could undo a fragile rebuilding effort. Included in that figure are 94 members, or 17%, of Condé Nast Union, which covers around 550 people across a dozen titles, including Vanity Fair, Vogue, and GQ. The Test Kitchen also benefited from a home cooking boom in the pandemic. But by August 2020, 10 of 13 members of the Test Kitchen had left. Members of the BA Test Kitchen in February 2020.

Persons: Bon Appétit, Condé, Roger Lynch, Adam Rapoport, that'll, Claire Saffitz, Brad Leone, Roy Rochlin, Rachel Gurjar, Kendra Vaculin, Dawn Davis, Sonia Chopra, Davis, Monica Schipper, they'd, Jamila Robinson, James Beard, Jeff Schear, Condé Nast, Lynch, Robinson, Slack, Delia Cai, Ina Garten Organizations: Condé, Condé Nast Union, Vogue, Business, YouTube, Labs, James, The New York Times, Philadelphia Inquirer, Union, New York, Employees Locations: Condé Nast, New York City, Caribbean, Seoul, Hollywood

☆ OpenAI strikes deals with more major news publishers, posing a threat to Google's dominance
▼ + stars: | 2024-03-16 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

The ChatGPT maker announced this week it had struck partnerships with two major European media organizations: France's Le Monde and Spain's Prisa Media. This story is available exclusively to Business Insider subscribers. This is a "threat" to GooglePublishers who've signed agreements with OpenAI say they hope the partnerships will bring new life to their business. By wooing users with a better interface, OpenAI could threaten Google's dominance over online search, Zaman said. OpenAI did not immediately respond to a request for comment from Business Insider.

Persons: —, OpenAI, Brad Lightcap, Axel Springer, Roger Lynch, Condé Nast, Google Publishers who've, Le Monde, Tauhid Zaman, Zaman, Hugh Martin Organizations: Service, Prisa, Business, Politico, CNN, Fox Corp, Bloomberg, ChatGPT, Yorker, Wired, The New York Times, Microsoft, Google Publishers, Google, Facebook, Media, Yale School of Management, Publishers, Scripps School of Journalism, Ohio University Locations: OpenAI

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Margaret Zhang, Australian-born editor of Vogue China to step down
▼ + stars: | 2024-02-27 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Vogue China editorial director Margaret Zhang has announced that she is stepping down just three years after becoming the youngest person to lead any of the fashion bible’s 28 editions. Zhang’s appointment as Vogue China’s editorial director in 2021 came as something of a surprise. But she also won praise for modernizing Vogue China and championing diversity at the title. In her resignation announcement, Zhang said the publication had enjoyed “record growth in video” and the “highest engagement events in the history of Vogue China” during her editorship. The Ghanaian-born fashion editor unexpectedly stepped down last June after more than six years at the helm.

Persons: Margaret Zhang, ”, Zhang, —, Condé, — Anna Wintour, ” Zhang, Ik, “, Anna Sui, Edward Enninful, Condé Nast, Roger Lynch Organizations: CNN — Vogue China, Vogue, Vogue China, US, Milan, Condé Locations: China, Australian, Sydney —, Mulberry, Vogue China, Ghanaian

☆ Paramount's Super Bowl livestream problems are a warning for Netflix and the new mega sports streamer
▼ + stars: | 2024-02-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Paramount, which broadcast and streamed the game to what was probably the biggest audience in the game's history. And Paramount, whose Paramount Plus livestream conked out for some users, who took to the internet to complain. AdvertisementWithout more detail from Paramount, it doesn't make sense to speculate about the cause of Paramount's problems. Like Netflix, which struggled to show a live episode of "Love is Blind" less than a year ago.

Persons: —, Taylor Swift, Robert F, Kennedy Jr, ESPN's, it's, Roger Lynch, Lynch, Condé Nast, Comcast's Peacock Organizations: Service, Kansas City Chiefs, Paramount, San Francisco 49ers, Business, HBO, Big Tech, Netflix, NFL

☆ Opinion | What Trump Voters Understand About the Economy
▼ + stars: | 2024-01-15 | by ( Roger Lowenstein | ) www.nytimes.com time to read: +1 min

Why is Donald Trump continuing to poll so strongly with voters? As unpalatable as a second Trump term would be, many pundits who tackle this question have ignored a striking fact: The typical household’s living standard improved during the three Trump years before the pandemic. The old saw that Mussolini got the trains to run on time should not be understood as an endorsement. But it is one thing to loathe Mr. Trump and hope for his defeat. The leitmotif in such arguments is that blue voters are rational political actors voting on merit while Trump is appealing primarily, if not exclusively, to irrational semi-citizens devoid of even self-interested calculation.

Persons: Donald Trump, Biden, Mussolini, Mr, Trump, ” Organizations: Trump, Survey, Consumer Finances

☆ The tech sector is pouring billions of dollars into AI. But it keeps laying off humans
▼ + stars: | 2024-01-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.

Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, ”, Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, ”, Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California

☆ Why Are So Many Companies ‘Rightsizing’?
▼ + stars: | 2024-01-12 | by ( ) www.nytimes.com time to read: 1 min

More than 260,000 tech employees were laid off in 2023, according to Layoffs.fyi, a site that tracks job cuts across the tech industry. That included workers from Meta, Alphabet, Microsoft and Amazon. Google just announced more cuts this month. “The term ‘rightsizing’ sounds more neutral,” Roger Lee, the creator of Layoffs.fyi, said, adding that the phrase is also used “to convey the fact that these companies did a lot of hiring the past couple years, and now realize, given the current economic reality, it makes sense for the business to go back to a smaller size.”

Persons: Roger Lee, Layoffs.fyi Organizations: Meta, Microsoft, Google

☆ Media executives urge Congress to enact legislation to prevent AI models from training on ‘stolen goods’
▼ + stars: | 2024-01-10 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

Roger Lynch, Condé Nast’s chief executive, told senators that current AI models were built using “stolen goods,” with chatbots scraping and displaying news articles from publishers without their permission or compensation. News organizations, Lynch said, seldom have a say in whether their content is used to train AI or is output by the models. To avoid the pilfering of news publishers’ content and, thereby, their coffers, Lynch proposed AI companies use licensed content and compensate publishers for content being used for training and output. Coffey also noted AI models have introduced inaccuracies and produced so-called hallucinations after scraping content from less-than-reputable sources — which runs the risk of misinforming the public or ruining a publication’s reputation. “The risk of low-quality [generative] AI content dominating the internet is amplified by the drastic economic decline of news publications over the past two decades,” Coffey said.

Persons: ChatGPT, Roger Lynch, Condé, Lynch, ”, they’ve, Sarah Silverman, Margaret Atwood, Dan Brown, Michael Chabon, Jonathan Franzen, George R, Martin, ” Lynch, Danielle Coffey, Coffey, ” Coffey, ” Curtis LeGeyt, ” LeGeyt Organizations: CNN, The New York Times, News Media Alliance, National Association of Broadcasters

☆ 'Never seen anything like this': Maine city grapples with aftermath of mass shooting
▼ + stars: | 2023-10-26 | by ( Richard Valdmanis | ) www.reuters.com time to read: +3 min

A child looks out through a window as Lisbon Falls remains on lockdown, following a deadly mass shooting in Lewiston, in Lisbon Falls, Maine, October 26. Police cordoned off the roads leading to the shooting sites, the bowling alley and a bar. Security agents in bullet-proof vests carrying automatic rifles guarded the entrances to the Central Maine Medical Center hospital in town, where many of the shooting victims had been taken. He said he had watched as police cars rushed in the direction of the Just-in-Time Recreation bowling alley and ambulances sped back the other way toward the hospital. Maine Governor Janet Mills said in a press conference the shooting had undermined Maine’s reputation as one of the safest states in the country.

Persons: Shannon Stapleton, “ I’ve, ”, Mike Asselin, Asselin, Roger Lussier Jr, Janet Mills, “, Rich McKay, Colleen Jenkins, Alistair Bell Organizations: REUTERS, Rights, Police, Security, Central Maine Medical Center, Lewiston, Thomson Locations: Lisbon, Lewiston, Lisbon Falls , Maine, Rights LEWISTON , Maine, Maine, Androscoggin, ”

☆ Bargain hunters dig in to 'cheap' European banks
▼ + stars: | 2023-10-16 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

Just before earnings season kicks off, European bank shares are sporting a dividend yield of almost 8%, making them cheaper on this basis than during the 2008 global financial crisis. European banks, which struggled during 2014 to 2022 as the ECB kept rates below zero, have had a major boost from hiking their loan costs in line with central bank rates. Analyst forecasts collated by European asset manager Amundi show European banks are expected to grow adjusted earnings per share by 25% this year, followed by a 6% gain in 2024. Generali's Morganti said he has moved his position on European banks from negative to neutral and was likely to add more. He did not forecast quick gains for European banks ahead, however.

Persons: Guy de Blonay, Sebastiano Pirro, Roger Lee, Amundi, LSEG, Michele Morganti, Italy's Unicredit, Banks, Pirro, Generali's Morganti, Naomi Rovnick, Joice Alves, Dhara Ranasinghe, Hugh Lawson Organizations: Reuters Graphics Banks, Jupiter Asset Management, Algebris Investments, European Central Bank, Reuters, ECB, Bank, Generali Investments, Monetary Fund, Thomson

☆ ‘Klan War’ Review: The Agony After Appomattox
▼ + stars: | 2023-10-10 | by ( Roger Lowenstein | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/arts-culture/books/klan-war-review-the-agony-after-appomattox-957ed319

Persons: Dow Jones Locations: appomattox

Black residents of the Hogg Hummock community on Sapelo Island sat mostly silent as McIntosh County commissioners scheduled a Tuesday vote on the proposal. “This plan will be be a giant step in the destruction of the culture of Hogg Hummock,” said Commissioner Roger Lotson, whose district includes Sapelo Island. In 2012, dozens of Hogg Hummock residents and landowners appealed tax increases caused by soaring property values. The current county ordinance limits homes in Hogg Hummock to 1,400 square feet (130 square meters) of heated and air-conditioned space. Hogg Hummock earned a place in 1996 on the National Register of Historic Places, the official list of America’s treasured historic sites.

Persons: Hogg, Hogg Hummock, ”, Roger Lotson, JR Grovner, “ I've, David Stevens, Adam Poppell, Stevens Organizations: ”, Hogg, National Register of Historic Places Locations: DARIEN, Ga, Georgia, McIntosh, Sapelo, Savannah, North Carolina, Florida, Civil, McIntosh County

☆ Warren Buffett's toll roads, Elon Musk's bottlenecks, and why both men prize the same kinds of businesses
▼ + stars: | 2023-09-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Buffett likes toll roads that give him monopoly power and the ability to raise prices easily. AdvertisementAdvertisementYears later, one of Buffett's companies held a 24% stake in Detroit International Bridge Co., the only public company in the country that owned a toll bridge. He also highlighted toll roads among the specific assets he wanted to buy in his Buffett Partnership letters in the 1950s. "I have said in an inflationary world that a toll bridge would be a great thing to own if it was unregulated." Shared valuesBuffett appears to like toll roads because they're a simple, safe, and reliable way to make money.

Persons: Warren Buffett, Elon, Elon Musk, Berkshire Hathaway, Buffett, Roger Lowenstein, Sandy Gottesman, Warren, Bill Brewster, Bill Cohan, Kara Swisher, Cohan, Tesla, Nathan Furr, Jeff Dyer, Musk Organizations: Buffett, Service, Elon, Berkshire, American, Detroit International, Co, Apple, Yorker, SpaceX, Harvard Business, EV Locations: Wall, Silicon, Detroit, Berkshire

U.S. stocks have made big gains this year, but the performance across global stocks has been uneven so far. So where will global stocks go in the second half of the year? Five of the strategists polled expect global markets to fall, while another five say the stocks will beat their U.S. counterparts. Global market bulls Those who expect global stocks to beat the U.S. are most bullish on the U.K., Europe and Japan. Global market bears Andreas Bruckner, European equity strategist at BofA Global Research, predicts that Europe's Stoxx 600 will end the year at 390 — a nearly 15% decline from Monday's close.

Persons: Christian Abuide, Karim Chedid, Liz Ann Sonders, Charles Schwab, Andreas Bruckner, Mark Haefele, Bruckner, Roger Lee, Lee, Haefele, Carrier Organizations: CNBC Pro, U.S, Lombard, iShares, BofA Global Research, UBS Global Wealth, Nasdaq, UBS, RBC Wealth Management Locations: Japan, China, U.S, Europe

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