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☆ Fortescue founder toys with reverse greenwashing
▼ + stars: | 2023-09-01 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

First the $43 billion iron ore miner’s CEO, Fiona Hick, left abruptly on Sunday, barely six months after joining. But in trying to shrug off the mounting exodus, founder and Executive Chair Andrew Forrest, also known as Twiggy, introduces a new risk: reverse greenwashing. His approach to the energy transition is forcing a lot of change on the company in short order. That process surely would have involved rigorous discussions to ensure they were on board with Forrest’s goals and methods. That makes his absolutist twist to climate spin as unhelpful as the more traditional form of greenwashing.

Persons: Oscar Wilde, Fortescue, Fiona Hick, Christine Morris, Guy Debelle, Andrew Forrest, Twiggy, Forrest, Hick, Morris, Una Galani, Thomas Shum Organizations: Reuters, Fortescue Metals, Reserve Bank of Australia, Fortescue Future Industries, Australian, Thomson Locations: MELBOURNE, Tivan

A worker walks near conveyer belts loaded with iron ore at the Fortescue Solomon iron ore mine located in the Valley of the Kings, around 400 km (248 miles) south of Port Hedland in the Pilbara region of Western Australia December 2, 2013. The world's fourth-largest iron ore miner, which has been beset by senior management turnover over the past two years, earlier in the day announced the resignation of its metals division head and co-CEO Fiona Hick. Fortescue shares, up nearly 2.1% so far this year, fell as much as 6% to A$19.7 by 0200 GMT. A review of its assets at the company's Iron Bridge project resulted in a pre-tax impairment charge of $1 billion. The company said rising interest rates and industry-wide inflation had fuelled the asset write-down at its Iron Bridge project, a major plank in the group's growth strategy.

Persons: Fortescue Solomon, David Gray, Australia's Fortescue, Fiona Hick, Fortescue, Echha Jain, Roushni Nair, Rashmi Organizations: REUTERS, Metals, Fortescue Future Industries, Fortescue Energy, Gibson, Phoenix Hydrogen, Thomson Locations: Port Hedland, Pilbara, Western Australia, Australia, Bengaluru

Edgar Sison gave up his ability to work on commercial ships nearly two years after being accused of rape. Federal prosecutors had recently notified Hicks that that they wouldn’t be filing criminal charges against Sison, according to her attorney Ryan Melogy. By surrendering his ability to work on commercial ships, Sison avoided a hearing on the administrative assault charges against him. It also revealed the problems and limitations that the US Coast Guard has in investigating such offenses, as a CNN investigation found earlier this year. It ultimately took the agency nearly two years to successfully keep Sison from working on commercial ships.

Persons: Edgar Sison, Hope Hicks, Hicks, Ryan Melogy, Sison, " Hicks, John Paraskevas, “, Sison wasn’t Organizations: CNN, US Merchant Marine Academy, Marine Engineers, Association Longtime, US Coast Guard, Coast Guard, Sison, Justice, Newsday, AP Sison, Merchant Marine Academy

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ On ‘Succession,’ Striving Is The Worst Insult of All - The New York Times
▼ + stars: | 2023-05-20 | by ( Elizabeth Spiers | ) www.nytimes.com time to read: +3 min

The Roy children’s individual ambitions are sometimes risible, but we’re never asked to question why they would be ambitious in the first place. What’s not acceptable, within the moral logic of the show, is the ambition of those characters who were not born into money and power but want to achieve them. In an episode midway through the final season, Tom admits to Shiv that he cares about these things. I do.” He tells her, “If you think that’s shallow, why don’t you throw out all of your stuff for love? “You’re a hick,” she says, “your whole family is striving and parochial.” Striving — that’s the biggest insult of them all.

☆ From deepfakes to Bing's chatbot, AI-generated content is everywhere. Here's how to spot it.
▼ + stars: | 2023-03-09 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +10 min

Researchers have already developed some tools to spot AI-generated content and are claiming they have accuracy rates of up to 96%. Here's what you can do to detect AI-generated content. If you were to feed this tool Spanish-language text or a technical text like something from a medical journal, the tool would then struggle to detect AI-generated content. The second class of tools relies on the large language model's own prediction of a text being AI-generated or human. Other ways to spot AI-generated contentThe effectiveness of detection tools still relies on an individual's better judgment.

☆ College professors are considering creative ways to stop students from using AI to cheat
▼ + stars: | 2023-01-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Some professors say students are using new tech to pass off AI-generated content as their own. Some professors say students are using OpenAI's buzzy chatbot, ChatGPT, to pass off AI-generated content as their own. The issue has led to professors considering creative ways to stamp out the use of AI in colleges. Blue books and oral exams"I'm perplexed about how to handle AI going forward," Aumann told Insider. Bartel agreed that students could get away with using AI very easily.

☆ Two professors who say they caught students cheating on essays with ChatGPT explain why AI plagiarism can be hard to prove
▼ + stars: | 2023-01-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Two philosopher professors said they caught their students submitting essays written by ChatGPT. If students don't confess to using the program, professors say it can be hard to prove. Antony Aumann, a religious studies and philosophy professor at Fordham University, told Insider he had caught two students submitting essays written by ChatGPT. When the chatbot said it was 99% sure the essays were written by ChatGPT, he forwarded the results to the students. Christopher Bartel, a professor of philosophy at Appalachian State University, said that while the grammar in AI-generated essays is almost perfect, the substance tends to lack detail.

☆ Australia's Fortescue taps Woodside veteran as CEO amid green energy push
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Australia's Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton/File PhotoNov 29 (Reuters) - Australia's Fortescue Metals Group (FMG.AX) on Tuesday appointed former Woodside Energy (WDS.AX) executive Fiona Hick as its chief executive officer, effective February 2023, as Elizabeth Gaines made way for a new boss in August. Hick joins Fortescue at a time when the iron ore giant is delving into mining of critical minerals and rare-earths and is also striving to transition into a green energy firm through its unit Fortescue Future Industries (FFI). She will lead Fortescue Metals' mining arm, culminating a year-long search by the company's billionaire-founder and chairman Andrew Forrest. Gaines, who oversaw a tripling in the share price of one of the world's biggest iron ore miners in the past four years, remains on Fortescue's board as a non-executive director.

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