DIRS.INFO The most relevant business & tech news

☆ People are fleeing Arizona's heat for upstate New York and Florida's flooding for North Carolina. Have you moved over climate concerns?
▼ + stars: | 2023-03-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Nearly 40% of Americans moving say climate concerns have influenced their decision, said Redfin. Have you moved states over concerns about the climate crisis? We want to hear from you: Have you moved over concerns about the climate crisis? Tell us in this form how the climate crisis is affecting you and where you live. An estimated 30 million Americans moved between March 2021 and March 2022, according to a Brookings Institution analysis of the latest available US Census Bureau data.

☆ Long Covid disabled them. Then they met a ‘broken’ Social Security disability process
▼ + stars: | 2023-02-25 | by ( Morgan Stephens | ) edition.cnn.com time to read: +12 min

And two Congressional bills addressing the long Covid crisis — The “Covid-19 Long Haulers Act,” which would’ve collected data on long Covid patients with the goal of creating better care and treatment, and “The Care For Long Covid Act” would’ve improved research, centralized data and resources for people with Long Covid — died without making it out of committee. Disabled by long Covid since March 2020, she lives with her spouse and their 7-year-old son in Portland, Ore. “We didn’t design our life to be a single-income household.”Other long Covid patients have rearranged their finances, too. His company’s private long-term disability insurance pays a smaller percentage of the monthly benefit payout when federal disability pays a portion. “They’re not only dealing with long Covid complications, but they’re dealing with financial complications,” she said of her clients.

☆ A juror in Georgia's Trump investigation gabbed about her experience on TV. Experts say that's actually OK.
▼ + stars: | 2023-02-25 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

The forewoman of Georgia's special grand jury investigating Trump gave a series of media interviews. Kohrs declined, however, to answer the question on everyone's mind: Whether the special grand jury, in its still-secret report, recommended criminal charges against Trump himself. Willis empaneled the special grand jury in May 2022. Fani Willis, right, will now choose whether to impanel an ordinary grand jury to consider charges against Trump. That extra step between Kohrs's special purpose grand jury, and another grand jury that has yet to be empaneled, is another reason why Kohrs's comments are of little consequence, Rahmani said.

☆ Gary Vaynerchuk compares the rise of AI like ChatGPT to the way the internet revolutionized work: 'AI is coming for our jobs and that's ok'
▼ + stars: | 2023-02-24 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Gary Vaynerchuk predicts that AI software like ChatGPT will eliminate many jobs. He's optimistic about workers' ability to rally and adapt to AI, or create new roles. That's been true to an extent about previous types of automation, but AI looks likely to impact a broader demographic of workers. Like Vaynerchuk points out, there's some reason to be optimistic long-term about the job shake ups technology can cause. But Vaynerchuk is more convinced that AI represents the status quo for automation.

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Industrial policy still has critics. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

☆ U.S. manufacturers see big boost from government subsidies and tax breaks
▼ + stars: | 2023-02-23 | by ( Timothy Aeppel | ) www.reuters.com time to read: +9 min

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. Eight out of 12 Republican representatives in Ohio’s congressional delegation voted in favor of federal subsidies for semiconductor production, including the funds that will go to Intel. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

☆ Get paid up to $10,000 to move? That's great for remote workers, but economists say it's not a good investment for the cities footing the bill
▼ + stars: | 2023-02-19 | by ( Robert Davis | ) www.businessinsider.com time to read: +13 min

The more than 2,000 people who received Tulsa Remote grants have a median income of more than $85,000. For starters, he found the income generated by recipients of the Tulsa Remote program was just a sliver of the $80 billion the 468,000-plus workers in the Tulsa metro area generated in 2021. A Brookings Institution analysis of the Tulsa Remote program published in September found that the program was generally effective at bringing high-skilled labor to the area. He compared the impact of the incentive program to the opening of a Honda manufacturing plant in Greensburg in 2007. A previous audit from Hoffer's office in 2019 identified two major flaws in the Think Vermont program.

☆ U.S. says all countries should warn China against Taiwan conflict
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 15 (Reuters) - The United States hopes China will not use any visits by U.S. lawmakers to Taiwan as an excuse for military action, a senior U.S. diplomat said on Wednesday, adding that all countries should warn Beijing against conflict over the island. "And we hope that the PRC (People's Republic of China) does not use a visit by a member of Congress to Taiwan as a pretext for military action," Sherman said. China stepped up military drills around Taiwan as a result of Pelosi's visit. "The same would be true of a conflict in the Taiwan Strait," Sherman said. "That's going to create a lot of problems for those who are supporting this unholy invasion going forward," she said.

☆ Economic war with China would be MAD
▼ + stars: | 2023-02-14 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Hopefully, fear of the economic equivalent will do a similar trick when it comes to a showdown with China. To see whether MAD will be enough to prevent war between America and China, look at just how disastrous such a conflict – which could be triggered by a Chinese invasion of Taiwan - would be. THREE SCENARIOSA Chinese invasion of Taiwan would lead to economic repercussions of a totally different order. A Chinese invasion of Taiwan would be hellish, but some scenarios would be especially ghastly from an economic perspective. Despite all these concerns, America might run the risk of economic war.

☆ How 6 workers are using ChatGPT to make their jobs easier
▼ + stars: | 2023-02-11 | by ( Madison Hoff | Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

"It's absolutely true that AI applications like ChatGPT can very much improve workers' lives," Mark Muro, a senior fellow at the Brookings Institution previously told Insider. But if used correctly, ChatGPT can help some workers with tasks and save them time while doing so. Insider spoke with six workers in sectors that include education and real estate who are using ChatGPT to make their jobs easier. A realtor with eXp Realty also used ChatGPT for a listing in Iowa that was highlighted in a CNN post. Now two months later, LaRue told Insider she uses ChatGPT "everyday" to help write proposals, video scripts, and press releases.

☆ Conservative political podcasts like Steve Bannon's are 11 times more likely to spread lies than liberal ones, study finds
▼ + stars: | 2023-02-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

"Conservative podcasters were 11 times more likely than liberal podcasters to share claims fact-checked as false or unsubstantiated," the study said. Fifty-six of the podcasters reviewed shared false or unsubstantiated claims at some point, the study found. In total, more than 70% of the podcasts reviewed shared false claims at some point, including those described as "liberal," "moderate," or "unknown." The study noted that it included far more conservative podcasts in its sample as a result of choosing those that are most popular on Apple Podcasts. The sheer rate of production adds to the issue, it said, with conservative podcasters making longer and more frequent episodes.

☆ The Koch Network Dumps Trump
▼ + stars: | 2023-02-09 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

☆ Biden's State of the Union may not help potential 2024 election bid against Trump, experts say
▼ + stars: | 2023-02-09 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

President Joe Biden's second State of the Union address played well with viewers, and may have helped him tee up a bid for reelection in 2024 — but it might not make a lasting impact on his hopes for a second term, experts said. And the latest poll showed that fewer respondents had a "very positive" reaction to this year's address when compared with a survey taken right after Biden's previous State of the Union speech. "He delivered his speech forcefully if not flawlessly, adding no new fuel to questions about his fitness to serve a second term," Galston said. His opponent from the 2020 election, former President Donald Trump, has technically been on the 2024 campaign trail for months, though he has done little in-person campaigning. Former President Barack Obama, under whom Biden served as vice president, had launched his own reelection bid in April 2011, less than three months after his second State of the Union address.

☆ Southwest explains its meltdown to Congress
▼ + stars: | 2023-02-09 | by ( Gregory Wallace | ) edition.cnn.com time to read: +4 min

Washington CNN —Congress is set to receive new evidence Thursday of internal chaos at Southwest Airlines over the Christmas holiday meltdown. The Senate Commerce committee is set to question Southwest executive Andrew Watterson, alongside Southwest pilot union president Casey Murray, Sharon Pinkerton of the Airlines for America trade group, Paul Hudson of Flyers’ Rights, and economist Clifford Winston of The Brookings Institution. It’s a mess down here.”A photograph of the message, which shows the extent of the airline’s breakdown, is included in testimony the Southwest Airlines Pilots Association union, SWAPA, plans to present at the hearing. Southwest CEO Bob Jordan apologized and the airline offered reimbursements for passengers’ costs, along with bonus points. The union criticized the airline for giving executives stock options in the wake of the meltdown while employees lost profit sharing pay because of the airline’s financial hit due to the meltdown.

☆ Southwest plans to tell Senate it's confident in its schedule after holiday meltdown
▼ + stars: | 2023-02-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines plans to apologize before a Senate panel on Thursday over the carrier's December meltdown that stranded hundreds of thousands of travelers around Christmas. "In hindsight, we did not have enough winter operational resilience," Chief Operating Officer Andrew Watterson said in written testimony, which was reviewed by CNBC, ahead of Senate Commerce Committee hearing. The debacle made for an $800 million pretax hit and drove the carrier to a net loss last quarter. Watterson plans to tell the committee that the carrier has made short-term improvements to communicate more easily with crews when things go wrong and has improved tools that keep track of the operation's stability. With those mitigation tools, "we are confident in our flight network and the schedules we have published for sale," Watterson plans to say, according to the testimony.

☆ Southwest pilots detail the Christmas meltdown chaos
▼ + stars: | 2023-02-08 | by ( Gregory Wallace | ) edition.cnn.com time to read: +4 min

CNN —Congress is set to receive new evidence Thursday of internal chaos at Southwest Airlines over the Christmas holiday meltdown. It’s a mess down here.”A photograph of the message, which shows the extent of the airline’s breakdown, is included in testimony the Southwest Airlines Pilots Association union, SWAPA, plans to present at a Senate Commerce committee hearing. “No updates here,” another cockpit computer message to pilots read. Southwest CEO Bob Jordan apologized and the airline offered reimbursements for passengers’ costs, along with bonus points. The union criticized the airline for giving executives stock options in the wake of the meltdown while employees lost profit sharing pay because of the airline’s financial hit due to the meltdown.

☆ U.S. and China have a 'comprehensive' rivalry the U.S. hasn't seen since World War II: Think tank
▼ + stars: | 2023-02-06 | 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 EmailU.S. and China have a 'comprehensive' rivalry the U.S. hasn't seen since World War II: Think tankCheng Li of Brookings Institution says U.S.-China tensions are not so much the product of any one leader, but structural problems across military, economic and technological domains.

The reaction in the United States to what appears to be an ill-timed spying mission will have lingering consequences for efforts to stabilize ties – already near historic lows. Since then, the Biden administration has said it hopes to build a "floor" for the relationship and ensure that rivalry does not spiral into conflict. The mood in China over the balloon was also glum. "Overall, I do think the Biden administration would like to reschedule, as there are many issues on the table and a real chance for a thaw. But the balloon incident probably means the thaw is postponed indefinitely," said RAND Corporation Indo-Pacific analyst Derek Grossman.

☆ Southwest faces Senate hearing next week following holiday meltdown
▼ + stars: | 2023-02-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

John and Lori Ingoldsby, who drove to Denver after the first leg of their flight on Southwest Airlines was canceled, wait for a flight to finish their trip at Denver International Airport on December 28, 2022 in Denver, Colorado. Southwest Airlines ' chief operating officer, Andrew Watterson, will face questions from a Senate panel next Thursday about the carrier's holiday meltdown that stranded hundreds of thousands of travelers. Southwest said the hearing date overlapped with "a previous commitment" for CEO Bob Jordan. The incident has drawn increased scrutiny from Washington and capped a year of on-and-off disruptions in air travel, due to bad weather, staffing and technology issues. Sen. Maria Cantwell, D-Wash., the committee chair, had previously said she planned to hold a hearing on flight disruptions following Southwest's holiday travel chaos.

☆ Atlanta DA doesn't want the public to see the special grand jury report into Trump's efforts to overturn Georgia's 2020 vote
▼ + stars: | 2023-01-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

A special grand jury spent months investigating whether Trump and other officials criminally interfered in Georgia's 2020 election. In an Atlanta courthouse, Fulton County District Attorney Fani Willis said the report, from a special grand jury, should not be released "at this time." McBurney dissolved the special grand jury earlier this month. They typically sit for a maximum of two months, and would review the deposition transcripts and other evidence already gathered by the special grand jury. "That was the approach when she initiated the special grand jury last year."

☆ Capital One Job Cuts Signal Trouble for IT Labor Market
▼ + stars: | 2023-01-21 | by ( Belle Lin | ) www.wsj.com time to read: +5 min

Technology sector employment overall has remained stable, but job postings for future tech hiring have declined for the second consecutive month, according to IT trade group CompTIA. Companies across industries hired 137,000 tech workers in December, compared with 130,000 the month prior, CompTIA estimates based on an analysis of U.S. Labor Department data. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. News of the job cuts was reported earlier by Bloomberg. Some employers might be shedding the additional technology workers they hired to ramp up remote-work capabilities during the early days of the Covid-19 pandemic, said Mark Muro, a senior fellow at Brookings Institution.

☆ Watch CNBC's full interview with David Wessel and Ron Insana
▼ + stars: | 2023-01-20 | 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 EmailWatch CNBC's full interview with David Wessel and Ron InsanaDavid Wessel, senior fellow in Economic Studies at Brookings Institutions, and Ron Insana, CNBC senior analyst, join 'Power Lunch' to discuss the Fed's battle to tame inflation and their expectations for February's meeting and solution to the tight labor market.

☆ The Fed's next move: Expectations for next rate hike decision
▼ + stars: | 2023-01-20 | 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 EmailThe Fed's next move: Expectations for next rate hike decisionDavid Wessel, senior fellow in Economic Studies at Brookings Institutions, and Ron Insana, CNBC senior analyst, join 'Power Lunch' to discuss the Fed's battle to tame inflation and their expectations for February's meeting and solution to the tight labor market.

☆ A Georgia special grand jury finished its report into Trump's attempts to overturn 2020 election results. Another grand jury has to decide whether to indict him.
▼ + stars: | 2023-01-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

A Georgia special grand jury finished its report on Donald Trump's alleged 2020 election interference. The special grand jury recommended making its report public. The 26-member special grand jury had the power to subpoena evidence and witnesses, but not to bring indictments. Now, Willis must decide whether to send that report to another grand jury, which will decide whether to bring criminal indictments. Willis has moved swiftly and fought court battles to enforce the grand jury's subpoenas and bring a parade of high-profile witnesses before the special grand jury, including Gov.

☆ Successfully applying for Social Security disability is difficult. Applying as a long Covid patient is even trickier
▼ + stars: | 2023-01-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +8 min

Social Security disability benefits are generally available to workers who have earned enough credits through payroll taxes — typically 40 credits, though younger workers may qualify with less. Supplemental Security Income, or SSI, is a federal benefit available to disabled individuals who may not qualify for Social Security disability based on their work records. Allsup, which works with NASA, helped Perry get his Social Security disability benefits application approved. "That can really make or break a Social Security disability case," he said. Social Security disability benefits are aimed at long-term conditions.

Search resuls for: "Brookings Institution"

25 mentions found