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☆ India wins men’s T20 World Cup, defeating South Africa in dramatic final
▼ + stars: | 2024-06-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —India produced a brilliant performance to defeat South Africa by just seven runs in a dramatic men’s T20 World Cup final, ending a long 13-year wait for the cricket-obsessed nation since its last World Cup win. Victory sparked jubilant and emotional celebrations for India after a year of heartbreak for many of its players who lost to Australia in the finals of both the ODI Cricket World Cup and World Test Championship. India was under pressure early in its innings as some sharp South African bowling reduced it to 39-3 after five overs. South Africa continued to build steadily and almost found itself in a match-winning position when Heinrich Klaasen produced an astonishing performance in the 15th over, hitting Axar for 24 runs and racing towards a half century in just 23 balls, the fastest ever in a men’s T20 World Cup final, according to Opta. That gave India the platform it needed and it held on to take the victory by the narrowest of margins.

Persons: Suryakumar Yadav, Victory, Axar Patel, Virat Kohli, Rabada, India's Suryakumar Yadav, Randy Brooks, Axar, Quinton de Kock, Shivam Dube, Kohli, Jasprit Bumrah, Reeza Hendricks, Robert Cianflone, De, Tristan Stubbs, Stubbs, Heinrich Klaasen, Pandya, Rishabh Pant, Rohit Sharma, stymieing, Marco Jansen, David Miller, Alex Davidson Organizations: CNN, Cricket, India, Getty, Axar, ICC, South Locations: India, South Africa, Bridgetown, Barbados, Australia, AFP, De Kock, De Kock . South Africa

☆ Why Wall Street investors are freaking out
▼ + stars: | 2023-10-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s why investors are freaking out:Rates and the Fed: A surge in corporate debt sales and rising bond yields have sent stocks lower. Moody’s, the only major credit rating firm to keep a perfect score for the United States, has warned that a government shutdown would be “credit negative” for the United States. Geopolitical risks are still elevated as Russia’s war on Ukraine continues and relations between the United States and China remain tense. October also marks the end of the fiscal year for many mutual funds in the United States. Statistical evidence doesn’t quite support the phenomenon, but the level of superstitious caution on Wall Street is real.

Persons: Kevin McCarthy, ”, Michael Reinking, Mark Twain, ” Sam Bankman, Sam Bankman, Allison Morrow, Judge Lewis Kaplan, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, Dow, Federal Reserve, Fed, Markets, Republicans, “, Prosecutors, GM, Ford, Motors, United Auto Workers, Michigan Assembly, Jeep, Dodge, Chrysler, UAW Locations: New York, America’s Congress, United States, Ukraine, China, Manhattan, Fairfax, Kansas City , Kansas, Toledo, Lockport, Michigan, Wayne , Michigan, Kokomo , Indiana

☆ Tim Burton hits out at ‘disturbing’ AI, likens it to a robot ‘taking’ your soul
▼ + stars: | 2023-09-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Tim Burton has hit out at “disturbing” artificial intelligence (AI), comparing its use in imitating his distinctive style as “like a robot taking your humanity, your soul.”The prolific director behind movies “Edward Scissorhands,” “Corpse Bride” and “Beetlejuice” made the comments during an interview with British newspaper The Independent at the weekend. He was referencing an article by Buzzfeed that had used AI to reimagine Disney character as if they were in one of his movies. It’s like a robot taking your humanity, your soul.”Michael Keaton and Winona Ryder starred in Tim Burton's 1988 movie "Beetlejuice." Geffen/Warner Bros/Kobal/ShutterstockThe potential consequences of using AI are among the central issues driving the ongoing actors’ and writers’ strikes which have halted production in Hollywood. SAG-AFTRA, the actors union which represents about 160,000 members, has been on strike since July.

Persons: Tim Burton, Edward Scissorhands, ”, Buzzfeed, ” Burton, ” Michael Keaton, Winona Ryder, Tim Burton's, Geffen, ’, John August, “ Organizations: CNN, British, Independent, Warner Bros, Hollywood, SAG

☆ YIMBY Movement Is Winning: Build More Houses, Lower Home Prices, Rents
▼ + stars: | 2023-09-07 | by ( Eliza Relman | Kelsey Neubauer | ) www.businessinsider.com time to read: +15 min

The adherents of the "Yes In My Backyard," or YIMBY, movement believe that America's housing crisis comes down to the fundamental tension between supply and demand. Today, nearly 75% of residentially-zoned land in the US is restricted to single-family housing — detached homes designed for one family. Folks are like, 'Oh, we're in a housing crisis for the very first time. Ground zero for the modern YIMBY movement was California, where sky-high home prices forced people to reconsider their attitudes toward development. The city didn't allow new multiunit buildings to be taller or wider than the single-family homes they replaced, making construction less financially attractive to developers.

Persons: Nolan Gray, YIMBYism, Sonja Trauss, Trauss, YIMBYs, NIMBYs, Gray, I'm, —, Bill, They've, Tayfun Coskun, Muhammad Alameldin, Emily Hamilton, We're unwinding, Jenny Schuetz, Greg Gianforte, California YIMBY, Republican Sen, Todd Young, Democratic Sen, Brian Schatz, Eliza Relman, Kelsey Neubauer Organizations: San, San Francisco Bay Area, Urban Institute, Twitter, of Regional Planning, Public, Cato Institute, University of California, Berkeley Terner Center, Housing, George Mason University, Conservative, Brookings Institute, Republican, Todd Young of Indiana, Democratic, Hawaii Locations: California, San Francisco Bay, San Francisco, I'm, Los Angeles County, Florida, Utah, Minneapolis, Oregon, Austin, Dallas, Seattle, Portland , Oregon, Denver, New York, Texas, YIMBYism, We're, Bozeman, Montana, Miami

Economists say China needs measures to boost consumption and business confidence, such as tax cuts or government-funded consumption vouchers, but add that unlike previous slowdowns, there is no quick fix. Wang's comments came after weak economic activity data on Tuesday fuelled concern that China is heading for a deeper, longer slowdown. The private sector accounts for 60% of gross domestic product and 80% of urban employment, officials say. But there is a growing disconnect between officials calling for investment and a sweeping national security crackdown that is denting business confidence, diplomats in China say. One example was a recent anti-espionage law, accompanied by raids on some foreign consultancy firms, that sent waves of anxiety through the foreign business community.

Persons: Xi Jinping, Tingshu Wang, Joe Biden, Biden, Xi, Christopher Beddor, Wang Wenbin, Wang's, Lee Smith, Baker Donelson, Xu Chenggang, Xu, Laurie Chen, Yew Lun Tian, Martin Quin Pollard, John Geddie, Robert Birsel Organizations: REUTERS, Rights, GAP, State, U.S . Department of Commerce, Stanford University's Center, Chinese Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, U.S, loggerheads, Taiwan

☆ No one knows how much they should care about work right now
▼ + stars: | 2023-08-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

If you're not sure how much to care about work, or what it means to you, you're not alone. Work blurred into life, and life blurred into work, suddenly making my personal errands the same as work. In the wake of our existential reckoning with work, some office workers flipped the script, making life their full-time job and work a part-time pursuit. Lazy girl jobs and a window of opportunityRight now, we're in the "uncomfortable" middle of work, as Klotz calls it. The opportunity to job hop may be dwindling, but that doesn't mean work has to settle into 2019 norms.

Persons: Anthony Klotz, It's, Klotz, " Klotz, Chris Bailey, Bailey, Nick Bloom, Bloom, it's, stayers Organizations: Service, University College London School of Management, Workers, Stanford Locations: Wall, Silicon

☆ Shein and Temu’s battle for US bargain shoppers is getting nasty
▼ + stars: | 2023-07-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Temu has sued Shein in the United States, accusing its rival of violating antitrust laws by trying to monopolize suppliers and engaging in other allegedly illegal behavior. It follows another complaint from Shein, which sued Temu in December for allegedly mobilizing social media influencers to disparage Shein online. Shein has also “forced” exclusivity deals on clothing manufacturers to prevent them from working with Temu, the complaint states. A new ‘war’In its lawsuit filed last week, Temu claimed its recent entry into the United States had rattled Shein. It claimed that Temu had required them to make statements such as: “Shein is not the only cheap option for clothing!

Persons: Hong Kong CNN — Temu, Shein, Temu, Tomas Stevens, ”, Michael Felice, ” Temu, influencers, “, Shein “, Felice Organizations: Hong Kong CNN, Temu, Consumers, AP, PDD, CNN Locations: Hong Kong, United States, Massachusetts, Shein, Paris, China, Zara, Illinois

☆ The Math Problem Stymieing Small Businesses in Rural America
▼ + stars: | 2023-07-09 | by ( Ruth Simon | Photographs Ryan David Brown For The Wall Street Journal | ) 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/articles/the-math-problem-stymieing-small-businesses-in-rural-america-cc7cfa6f

Persons: Dow Jones

☆ Matt Gaetz blames the 'gerontocracy' for stymieing psychedelics legislation in Congress
▼ + stars: | 2023-07-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Gaetz said he's happy the fight is being led by two younger lawmakers, Alexandria Ocasio-Cortez and Dan Crenshaw. "Not collecting Social Security," Gaetz told the Post about his colleagues, Reps. Alexandria Ocasio-Cortez, a New York Democrat, and Dan Crenshaw, a Texas Republican. But Crenshaw said Gaetz told him that the duo was being dismissed. "He was like, 'I needed you to do this,'" Crenshaw told the Post of Gaetz's pitch. "'Otherwise it's just typical Gaetz, typical AOC.'"

Persons: Matt Gaetz, Gaetz, he's, Alexandria Ocasio, Cortez, Dan Crenshaw, —, Ocasio, Crenshaw, Gray Organizations: psychedelics, Service, Florida Republican, Washington Post, New, New York Democrat, Texas Republican, Post, National Defense, Pentagon, Senate Locations: Alexandria, Cortez, New York, Texas, America

Thwarted by the conservative-leaning court, Biden told reporters that his administration would pursue student loan relief through a different avenue, the Higher Education Act. In a 6-3 decision earlier on Friday, the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt. "I believe the court's decision to strike down my student debt relief program was a mistake, was wrong. About 53% of Americans supported Biden's original student loan forgiveness program, while 81% of Democrats did so, a Reuters/Ipsos poll showed this year. "Americans saw right through this desperate vote grab, and we are thankful that the Supreme Court did as well."

Persons: Joe Biden, Biden, I'm, Leah Millis, Elizabeth Warren, Democrat Alexandria Ocasio, Cortez, Miguel Cardona, “, Ronna McDaniel, Steve Holland, Jeff Mason, Rami Ayyub, Andrea Shalal, Trevor Hunnicutt, Timothy Ahmann, Jonathan Oatis, Matthew Lewis Organizations: U.S, Supreme, Higher, The Education Department, Republicans, Democratic, Education Department, Progressive, White, REUTERS, Twitter, Democrat, Reuters, Republican, Education, Republican National Committee, Thomson Locations: Washington , U.S, Washington

Biden told reporters at the White House that his administration would pursue student loan relief through the Higher Education Act. In the 6-3 decision earlier Friday, the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt. Biden said he would find another way to make good on his promises to help people struggling with student loan debt. The White House made clear it would be putting blame on Republicans for stymieing student-loan relief efforts. “Biden's student loan bailout unfairly punished Americans who already paid off their loans, saved for college, or made a different career choice," Republican National Committee (RNC) Chairwoman Ronna McDaniel said in a statement.

Persons: Joe Biden, Read, Biden, Elizabeth Warren, they've, Warren, Democrat Alexandria Ocasio, Cortez, “, Ronna McDaniel, Steve Holland, Jeff Mason, Rami Ayyub, Andrea Shalal, Timothy Ahmann, Jonathan Oatis, Matthew Lewis Organizations: U.S, Harvard University, University of North, White, Supreme, Higher, Republicans, Democratic, Progressive, Twitter, Democrat, Republican, Republican National Committee, Thomson Locations: U.S ., University of North Carolina, Washington , U.S, WASHINGTON, Washington

WASHINGTON, June 30 (Reuters) - President Joe Biden plans to announce new actions on Friday to protect student loan borrowers following a U.S. Supreme Court ruling that blocked his plan to cancel $430 billion in student loan debt, a White House source said. "The president will make clear he’s not done fighting yet, and will announce new actions to protect student loan borrowers," said the source, who spoke on condition of anonymity. In a 6-3 decision on Friday, the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt. Republicans argued that Biden's initial student loan relief plan was unconstitutional and unfair. "Americans saw right through this desperate vote grab, and we are thankful that the Supreme Court did as well."

Persons: Joe Biden, Biden, Elizabeth Warren, they've, stymieing, We’ll, “, Ronna McDaniel, Steve Holland, Jeff Mason, Rami Ayyub, Jonathan Oatis Organizations: U.S, Supreme, Republicans, Democratic, Progressive, Twitter, Republican National Committee, Thomson

☆ Billionaire Marc Andreessen warns we're headed to a world where a college degree costs $1 million and a flatscreen TV costs $100
▼ + stars: | 2023-03-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Marc Andreessen recently wrote a blog post about regulation stymieing innovation in certain sectors. Those regulations, he says, cause education and healthcare to get more and more expensive. Innovation in certain highly regulated sectors, like education and healthcare, "is virtually forbidden," causing high prices, he wrote. Andreessen said that over time the price of highly regulated products will continue to climb, while less-regulated products, like flatscreen TVs, will become cheaper. Data like this — which he says is caused by regulation — makes him less concerned about AI innovation replacing jobs, despite the current "panic."

☆ Auto lobby urges Spain to speed up vehicle electrification as sales lag
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Among the challenges the country's industry faces are weaker-than-expected electric vehicle (EV) sales, an ageing car fleet - which is stymieing emission reduction and safety goals - and a still-lacking charging infrastructure for EVs, Griffiths said. In 2022, about 78,000 plug-in hybrid (PHEV) and battery electric vehicles (BEV) were sold in Spain, far below the 120,000 required to meet current emission goals. Electric vehicles account for 9.2% of total auto sales, while the European Union average is over 20%. "Europe is splitting in two, and Spain is falling further and further behind leading countries" such as Germany or Portugal, Griffiths said. Reporting by David Latona; Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: Why the U.S.-Mexico energy spat is a tough nut to crack
▼ + stars: | 2023-01-06 | by ( Isabel Woodford | ) www.reuters.com time to read: +4 min

Under USMCA, if the controversy is not resolved during consultations, a dispute panel can be called to adjudicate. Lopez Obrador has put on a bullish front, saying Mexico has broken no laws and that "nothing is going to happen." Resolution appears to hinge on whether energy nationalists inside the Mexican administration, who have taken their cues from Lopez Obrador, are prepared to compromise. Lopez Obrador has made energy policy a cornerstone of his presidency, making it hard for him to back down. Still, the spat has hit investor confidence in Mexico, and Lopez Obrador is seeking U.S. help to finance solar power output in northern Mexico and attract investment in greener manufacturing, particularly in carmaking, a key industry.

☆ McCarthy's dream of being U.S. House speaker faces a political nightmare
▼ + stars: | 2023-01-03 | by ( David Morgan | ) www.reuters.com time to read: +5 min

McCarthy has spent his adult life in politics, first as a congressional staffer and then state legislator before being elected to the House in 2006. At the same time, McCarthy, who has been House minority leader since 2019, would need to work with a Democratic Senate and the Biden White House on must-pass legislation. House Republicans and Democrats will then move quickly to a floor election for speaker, at which McCarthy will need support from a majority of members present to obtain the top congressional post. But already there is speculation that incoming House Majority Leader Steve Scalise or conservative leader Jim Jordan could emerge as a Republican compromise candidate. The House Freedom Caucus is pushing for rule changes that would make it easier to control the speaker and enhance the hard-line group's influence within the Republican conference.

☆ Millennials and Gen Z want to stop a climate catastrophe. But first they have to get elected.
▼ + stars: | 2022-09-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +24 min

Sen. Dianne Feinstein, a California Democrat, told young climate activists in 2019, "You didn't vote for me." AP Photo/Gemunu AmarasingheBut most policy debates aren't genuinely existential in the way climate change is. "Younger Democrats tend to have a much more friendly relationship and response to the party's activist class than older Democrats do." Fossil-fuel interests have played a central role in stymieing progress on climate change for decades. Nearly a decade later, Trump ran for and won the presidency — with Gingrich's early and staunch support — while calling climate change a "hoax."

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