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☆ Putin has bet Russia's entire economy on war. An expert says it's his best shot at maintaining control of the country.
▼ + stars: | 2023-10-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Vladimir Putin bet his economy on a long war, ramping up military production and raising wages. An expert told Insider keeping Russia's economy stable is critical to prevent regime collapse. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementVladimir Putin has fully transitioned the Russian economy toward wartime production, betting his country's financial and manufacturing systems can outlast the West's until Russia sees a military victory in Ukraine. As long as the country maintains some semblance of the status quo in the economy, English said he doesn't expect to see things changing.

Persons: Vladimir Putin, Robert English, —, Putin, Vasily Astrov Organizations: Service, Kremlin, Street Journal, Vienna Institute for International Economic Studies, ., Government of, Russian Federation, University of Southern Locations: Russia, USSR, Ukraine, Russian, University of Southern California

Previously, Democratic governors who had backed school choice measures had done so in compromise deals with Republican-controlled legislatures. Vouchers have long been viewed in stark partisan terms: Democrats and public school allies say they drain critical resources from public schools. Republicans and school choice advocates say they give freedom to families who may not like their local public schools. That had motivated public school advocates and Democrats to demand billions more for the poorest public schools, a quest that Shapiro has said he supports. Those fluent in the history of school vouchers could think of no other Democratic governor who had embraced them.

Persons: Josh Shapiro —, Shapiro, ”, Robert Enlow, ’ ”, Matthew Brouillette, Christopher Borick, Jeffrey Yass, Jeff Yass, Charlie Gerow, ” Shapiro, Joshua Cowen, Peter Schweyer, —, recriminations, “ cowering, Shapiro shrugged, we've, Marc Levy Organizations: —, Republican, Pennsylvania, Democratic, Republicans, Roman Catholic, Muhlenberg College Institute of Public, GOP, Fox News, Michigan State University, Republican Party, Senate Republicans, Lehigh . Teachers, AFSCME, SEIU, AFL, House Democratic, Wall Street Locations: HARRISBURG, Pa, Indianapolis, Pennsylvania, statehouses, Yass, Milwaukee, Wisconsin, “, Philadelphia

☆ Angels' Ohtani ruled out for the season
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

Sep 3, 2023; Oakland, California, USA; Los Angeles Angels designated hitter Shohei Ohtani (17) and interpreter Ippei Mizuhara stand in the dugout before the game between the Los Angeles Angels and the Oakland Athletics at Oakland-Alameda County Coliseum. Mandatory Credit: Robert Edwards-USA TODAY Sports/File Photo Acquire Licensing RightsSept 16 (Reuters) - Los Angeles Angels two-way star Shohei Ohtani will not play again this season after suffering a side strain, the Major League Baseball (MLB) team said on Saturday. The three-time All-Star's pitching season was already over after he suffered torn elbow ligaments. The side injury occurred during batting practice on Sept. 4 and Japanese Ohtani has not played since. The American League MVP front-runner may have played his last game for the Angels as he is expected to become one of the most highly sought-after free agents in the off season.

Persons: Shohei Ohtani, Ippei, Robert Edwards, Shohei, Amy Tennery, Ed Osmond Organizations: Los Angeles Angels, Oakland Athletics, Oakland, Alameda County Coliseum, USA, Major League Baseball, American League, Angels, Thomson Locations: Oakland , California, USA, New York

U.S. President Joe Biden delivers remarks on his economic agenda at Prince George's Community College in Largo, Maryland, U.S. September 14, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Sept 14 (Reuters) - U.S. President Joe Biden told top American rabbis on Thursday that he felt antisemitism has "risen to record levels" and was a big challenge for the entire country, while also taking a dig at Republican former President Donald Trump over the issue. "Antisemitism has risen to record levels," Biden said in a call with U.S. rabbis to commemorate the Jewish High Holidays. The rally followed months of protests over the city's plan to remove a statue of Confederate General Robert E. Lee. More than 3,600 antisemitic incidents were recorded in the United States in 2022, more than in any year since ADL began tracking the issue in 1979.

Persons: Joe Biden, Jonathan Ernst, Donald Trump, Biden, Confederate, Robert E, Lee ., Trump, Trump's, Kanishka Singh, Christopher Cushing Organizations: Prince George's Community College, REUTERS, Rights, Republican, Democratic, University of Virginia, Defamation League, Tel Aviv University, ADL, Thomson Locations: Largo , Maryland, U.S, Charlottesville , Virginia, Lee, Charlottesville, United States

Much like in Florida, the fight over public education in Texas has become a lighting rod in the country’s culture wars. Seventh-grade social studies teachers, who teach a full year of Texas state history, are required to describe the defenders of the Alamo in a “heroic” light. I attended Robert E. Lee Elementary School, in Austin, where I learned history according to what was then the state’s history curriculum. In 2016, the school, which my niece now attends, was renamed Russell Lee Elementary.

Persons: Robert E Organizations: Lee Elementary School, Russell Lee Locations: Florida, Texas, Austin

☆ Did Putin kill Prigozhin? It's one of 3 possible explanations Russia watchers came up with for the deadly plane crash
▼ + stars: | 2023-08-24 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +11 min

Wagner Group leader Yevgeny Prigozhin is presumed dead after his plane crashed on Wednesday. It was not immediately clear if Prigozhin was on the downed plane, though his name was on the flight manifest. Yevgeny Prigozhin and Russian President Vladimir Putin in happier times — a 2010 tour of a school lunch factory outside Saint Petersburg. Following the Wednesday plane crash, US President Joe Biden suggested Putin could be behind the crash in comments to reporters. AdvertisementAdvertisementIn the early hours following the plane crash, some on social media considered the possibility that Prigozhin had somehow faked his death, perhaps sending a double in his place.

Persons: Wagner, Yevgeny Prigozhin, Putin, Prigozhin, Dmitry Utkin, Vladimir Putin, Simon Miles, Robert English, Bill Burns, Alexey Druzhinin, Burns, Miles, Alexander Lukashenko, ”, lelXsOcPSV, Julia Ioffe, Joe Biden, —, flaunting, Sergei Surovikin, Matthew Schmidt, Schmidt Organizations: Security, Service, Russian Federal Air Transport Agency, Wagner, Duke University's Sanford School of Public, Soviet Union, University of Southern, CIA, Sputnik, Getty, Reuters, Press, Prigozhin, New York Times, University of New, Pentagon, Kremlin Locations: Russian, Wall, Silicon, Moscow, Russia, Soviet, Ukraine, University of Southern California, Soviet Union, Eastern Europe, Saint Petersburg, Aspen, Belarus, St . Petersburg, Africa, Belarusian, Concord, University of New Haven

☆ Those desperate to break the deadlock in Ukraine are hoping China will turn on Russia. They shouldn't hold their breath.
▼ + stars: | 2023-08-15 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

One expert said it was "naïve American diplomacy" to think something fundamental between China and Russia had changed. But the idea that China would turn on Russia anytime soon may be little more than wishful thinking. "It is clever Chinese diplomacy to keep meeting and talking, and it is naïve American diplomacy to think that this means something fundamental has changed," English said. He added threats from the West are also unlikely to turn China against Russia, as Xi knows that Europe is more dependent on trade with China than the other way around. "The West needs to stop looking at Chinese behavior through Western eyes, and start understanding it from a Chinese perspective."

Persons: Xi, Putin, Robert English, Xi Jinping, Vladimir Putin, Volodymyr Zelenskyy, Antony Blinken, Simon Miles, Miles, Wang Wenbin Organizations: Saudi, Service, Privacy, China, NATO, University of Southern, Duke University's Sanford School of Public, Soviet Union, Foreign, Associated Press Locations: China, Russia, Wall, Silicon, Ukraine, University of Southern California, Soviet Union, Eastern Europe, Moscow, West, Saudi Arabia, American, Europe, Soviet, Saudi

☆ The Ukraine war is great for China — it gets 'fire sale prices' on oil and gas and leaves its rivals, the US and Russia, 'tied down and bleeding each other,' experts say
▼ + stars: | 2023-07-27 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

China says it's neutral in the Russia-Ukraine war and even tried to broker a peace deal earlier this year. However, experts told Insider that China has good reason to stay friendly with Russia as war wages. China is pocketing discounted oil and gas and enjoying geopolitical perks as a result of the war. But amid the chaos and costs, there's at least one country reaping the benefits of the brutal conflict, two Russia experts told Insider. But two experts who study Russia told Insider that China has good reason to stay friendly with its Eastern neighbor as war wages.

Persons: Robert English, China —, Simon Miles, Miles, Russia's Organizations: Service, —, University of Southern, US, Politico, Duke University's Sanford School of Public, Soviet Union Locations: China, Russia, Ukraine, Wall, Silicon, — Russia, University of Southern California, Soviet Union, Eastern Europe, Soviet, Beijing, Moscow, Russian, Africa, Latin America

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

The strong ramp-up in sales for EVs, led by growth in China, means copper demand will continue to grow for the remainder of the decade, but innovation in EVs has emerged as a limiting factor, according to two recent forecasts. In a report this week, Goldman Sachs said EVs accounted for two-thirds of the global demand growth in copper last year. "Some of the projections out there have been very aggressive in terms of potential green energy demand (for copper)." Goldman Sachs called innovation in batteries and the potential shift to higher voltage systems like Tesla's "the main threat to copper's EV demand leverage." It expects copper demand for EVs to be 1 million metric tons this year and 2.8 million by 2030.

Persons: Goldman Sachs, Robert Edwards, Tesla, Elon Musk, CRU's Edwards, Mai Nguyen, Kevin Krolicki, Emelia Sithole Organizations: EVs, CRU Group, London Metal Exchange, Thomson Locations: HANOI, China, EVs, Hanoi, Singapore

☆ Scientists find new clue in what led to megalodon’s demise
▼ + stars: | 2023-07-03 | by ( Amaya Mcdonald | ) edition.cnn.com time to read: +4 min

Scientists previously theorized that megalodons were warm-blooded, but the new study is the first to provide concrete evidence to that effect. From this finding, they deduced the megalodon’s average body temperature was about 27 C (80 F). Like modern great white and mako sharks, megalodons were regionally endothermic, which means they had the ability to regulate temperature in certain parts of the body, according to the study. The timing of megalodons’ extinction coincides with the cooling of the Earth’s temperature, the researchers said. But learning more about the ancient shark could still help scientists better understand the threats similar marine animals face today.

Persons: CNN —, it’s, “, megalodon, Robert Eagle, Kenshu Shimada, ” Shimada, Megalodon, Michael Griffiths, ” Griffiths Organizations: CNN, National Academy of Sciences, UCLA, Eagle, DePaul University in, William Paterson University Locations: megalodon, DePaul University in Chicago, “, Megalodon, New Jersey

☆ Putin didn't kill Prigozhin after his revolt, but that doesn't mean he isn't trying to destroy the Wagner boss
▼ + stars: | 2023-06-28 | by ( Ryan Pickrell | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Wagner boss Yevgeny Prigozhin launched an armed revolt against Russian military leadership and survived. Members of Wagner group looks from a military vehicle in Rostov-on-Don late on June 24, 2023. Head of the Wagner Group Yevgeny Prigozhin left the Southern Military District headquarters on June 24, 2023 in Rostov-on-Don, Russia. And it could make Prigozhin into a martyr," English said, arguing that Putin is likely to seek out other ways to destroy Prigozhin. For individuals higher up in the mercenary organization considered responsible for the rebellion, people like Prigozhin, Russian leadership has hinted at unspecified consequences.

Persons: Wagner, Yevgeny Prigozhin, Putin, —, Vladimir Putin's, Alexander Lukashenko, Prigozhin, It's, ROMAN ROMOKHOV, ISW, Wagner Group Yevgeny Prigozhin, Stringer, Robert English, burnish, Prigozhin's Organizations: Russian, Service, Wagner Group, Getty, Institute for, Southern Military, Anadolu Agency, University of Southern, Wagner, Kremlin Locations: Russian, Belarus, Bakhmut, Rostov, AFP, Ukraine, Moscow, Russia, Don, University of Southern California, Soviet Union, Eastern Europe, Prigozhin

☆ Donald Trump is the only living US president whose ancestors didn't own slaves, report says
▼ + stars: | 2023-06-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Donald Trump is reportedly the only living US president whose ancestors did not own slaves. That's because Trump's ancestors came to America after slavery had already been abolished. Even Barack Obama — the country's first Black president — is the descendant of a slaveowner on his white mother's side of the family. According to Reuters, the slaveholding ancestors of living US presidents include:Joe Biden — One direct ancestor, five generations removed, owned one slaveBarack Obama — One director ancestor, six generations removed, owned two slavesGeorge Bush — One director ancestor, six generations removed, owned 25 slavesBill Clinton — One director ancestor, five generations removed, owned one slavesJimmy Carter — One director ancestor, four generations removed, owned 54 slavesBut Trump stands out among the bunch. While other presidents have deep ancestral roots in America, Trump's ancestors did not immigrate to the United States until after slavery was abolished in 1865.

Persons: Donald Trump, Barack Obama, —, Mitch McConnell, Sen, Lindsey Graham, Sens, Elizabeth Warren, Tammy Duckworth, Joe Biden —, George Bush —, Bill Clinton —, Jimmy Carter —, Trump, Mary, Confederate, Robert E, Lee Organizations: Service, Reuters, Department of Defense Locations: America, United States, Kallstadt, Germany, Scotland, Charlottsville , Virginia

☆ A son died, his parents tried to sue. How U.S. courts protect Big Pharma
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +26 min

His parents soon started exploring a lawsuit against Merck, the developer of the blockbuster asthma and allergy drug, Singulair, along with the manufacturer of the generic version their son took. That meant Merck had written the warning label, with federal approval, on the generic version of Singulair that Nicholas England took. But his parents couldn’t sue Merck, either, because their son had never taken its name-brand version of Singulair. The generic drug manufacturer that made the pills England took, Teva Pharmaceuticals, did not respond to inquiries. Since Merck’s patent on Singulair expired in 2012, major generic drug manufacturers have sold millions of prescriptions under the drug’s scientific name, montelukast.

Persons: Nicholas England, Nicholas, Merck, ”, Jennifer England, Nicholas’s, ” Merck, Organon, “, George W, Bush, Daniel Troy, Troy, Medtronic, Nicholas England’s, Adam Zimmerman, ” Zimmerman, Jay Lefkowitz, Ellis, shouldn’t, Bayer, drugmaker Wyeth, Phenegran, Jan Gilpin’s, mumbling, ” Gilpin, ” “, hadn’t, Singulair, Gilpin, Stephane Bissonnette, suicidality, Dr, Judith Kramer, Duke, Robert England, Robert said, Kim Beck Organizations: Merck, U.S, Teva Pharmaceuticals, Reuters, U.S . Food, Drug Administration, FDA, Big, Corporate America, Corporations, Administration, ”, New, University of Southern California’s Gould School of Law, Norfolk, Union Pacific, Federal Railroad Safety, Pacific, GlaxoSmithKline, Monsanto, Bayer, Parent Locations: Virginia, England, U.S, New York, Kirkland, East Palestine , Ohio, Louisiana, Atlanta, Vermont, Wise , Virginia, Wisconsin

☆ Analysis: Vladimir Putin's humiliation will require the West to reexamine its balancing act to save Ukraine
▼ + stars: | 2023-06-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —The world just got a hint of a tantalizing but possibly even more dangerous future without Russian President Vladimir Putin. The Western stakes in the Ukraine war rose significantly as a result. There’s now no doubt that the war Putin unleashed to wipe Ukraine off the map poses an existential threat to his political survival. This would be good news for the West, which has bankrolled and armed the country’s fight for its life. After this weekend, this new reality will require the West to once again examine its balancing act to save Ukraine.

Persons: Vladimir Putin, Yevgeny Prigozhin flagrantly, Prigozhin’s Wagner, –, Putin, There’s, Oz, Ukraine John Herbst, CNN’s Christiane Amanpour, “ Putin, Prigozhin’s, Moscow’s, Prigozhin –, Africa –, Prigozhin, he’s, CNN’s Kevin Liptak, Biden, ”, David Petraeus, Petraeus, “, Ramzan Kadyrov, Wagner, Robert English, Alexei Navalny, Alexander Lukashenko, “ It’s, Antony Blinken, placated –, Blinken, Will Hurd, ” Hurd, Hurd –, Donald Trump –, Trump Organizations: CNN, White, Kremlin, NATO, Western, Russian Federation, Union, CIA, Internet Research Agency, School of International Relations, University of Southern, Belarusian, ”, Republican, GOP, Moscow Locations: Ukraine, Moscow, Europe, Belarus, Russian, Russia, Syria, Africa, France, Britain, Germany, Washington, “ State, University of Southern California, NATO, Crimea, Texas

☆ Medicare offers details on reimbursement for new Alzheimer's drugs
▼ + stars: | 2023-06-22 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +4 min

CHICAGO, June 22 (Reuters) - The U.S. Medicare health plan on Thursday offered details of plans to collect patient data as a condition for reimbursement for Eisai Co Ltd (4523.T) and Biogen Inc's (BIIB.O) new Alzheimer's drug Leqembi, should it win traditional U.S. approval as expected by July 6. If it wins traditional FDA approval, Leqembi would be the first disease-modifying drug ever to achieve the regulatory milestone. Current treatments only treat symptoms but do not change the course of the disease, which affects 6 million Americans, according to the Alzheimer's Association. On that basis, CMS said it would only pay for Leqembi if patients were enrolled in a clinical trial. The CMS data requirements apply to all Alzheimer's treatments that reduce beta amyloid from the brain, including Eli Lilly and Co's donanemab, which recently reported positive results from its late-stage trial.

Persons: Biogen, Eisai's Leqembi, Leqembi, Eli Lilly, Co's, “, Robert Egge, Julie Steenhuysen, Daniel Wallis Organizations: U.S, Eisai Co, Centers, Medicare, Medicaid Services, CMS, Alzheimer's Association, U.S . Food, Drug Administration, FDA, Alzheimer’s Association, Thomson Locations: U.S

☆ Opinion: DeSantis and Pence are wrong in pushing to bring back Fort Bragg
▼ + stars: | 2023-06-18 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +5 min

Ron DeSantis and former Vice President Mike Pence, are attempting to take our nation backward by vowing to rename a military base in North Carolina in honor of Braxton Bragg, a slave-owning, former Confederate general. Fort Bragg became Fort Liberty earlier this month as part of a push to remove the names of Confederate leaders from military bases in the wake of protests over the police killing of George Floyd. Confederate President Jefferson Davis asked Bragg to leave his plantation and serve as a general. At the 1863 Battle of Chickamauga alone — where Bragg was uncharacteristically successful in defeating Union forces — patriotic US soldiers suffered 16,000 casualties. of Fort Bragg, Fort Robert E. Lee, and many other Military Bases.

Persons: Dean Obeidallah, America’s, Abraham Lincoln, Joe Biden, Ron DeSantis, Mike Pence, Braxton Bragg, Fort Bragg, George Floyd, DeSantis, “, we’re, Pence, ”, Bragg, Jefferson Davis, Bruce Levine, Politifact.com, “ Bragg, ” DeSantis, Donald Trump, Trump, tweeting, Bill …, Fort Robert E, Lee, ” Trump, Biden, it’s, that’s, Republicans ’ Organizations: CNN, Dean Obeidallah CNN, Florida Gov, Confederate, Fort Liberty, North, GOP, Republican, Pentagon, Union, University of Illinois, United, Quinnipiac University, Trump, Twitter, Howard University, “, Republicans, America Locations: Galveston , Texas, Union, North Carolina, Fort Bragg, ”, West Point, Louisiana, Chickamauga, University of Illinois Urbana, Champaign, United States

☆ The internet is losing it over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino

☆ The internet is losing its shit over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro is just another pair of nerd goggles that will make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. And ever since the announcement, people have been relentlessly mocking Apple's first major product launch in over eight years.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, AppleVisionPro, barreling, gwyneth paltrow, that's, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, VR, Apple Locations: Redfin, Cupertino

☆ Nobel Laureate Robert E. Lucas Jr., Who Transformed Macroeconomics, Dies at 85
▼ + stars: | 2023-05-19 | by ( Inti Pacheco | ) 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/nobel-laureate-robert-e-lucas-who-transformed-macroeconomics-dies-at-85-a71590c7

☆ Robert E. Lucas Jr., Nobel-Winning Conservative Economist, Dies at 85
▼ + stars: | 2023-05-17 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died on Monday in Chicago. His death was announced by the University of Chicago, where he began teaching as a professor in 1975 and remained a professor emeritus until his death. The announcement did not cite a cause. In awarding the Nobel Memorial Prize in Economic Sciences in 1995 to Professor Lucas, the fifth winner in economics from the University of Chicago in six years, the Swedish Royal Academy of Sciences described him as “the economist who has had the greatest influence on macroeconomic research since 1970.”While he propounded a number of groundbreaking if sometimes controversial theories, Professor Lucas was best known for his hypothesis of “rational expectations,” advanced in the early 1970s in a critique of macroeconomics.

☆ Opinion | I’m a Former U.S. Treasury Secretary. Here’s How I Make Hard Decisions.
▼ + stars: | 2023-05-09 | by ( Robert E. Rubin | ) www.nytimes.com time to read: +3 min

But I examined the likely costs, did the same with the likely benefits, and then made a judgment that the latter outweighed the former. Performing that kind of analysis — one that doesn’t shy away from nuance and complexity — is an essential element of sound decision-making. Here, the mistake people too often make is to judge a prior decision solely based on the outcome that occurred. We concluded that intervention was unlikely to work. There is, however, a pressing need for leaders of today and tomorrow to make the best possible decisions in an uncertain world.

☆ Thousands of Afghans escaped the Taliban with the help of private veteran groups. Today, many remain in limbo in the UAE
▼ + stars: | 2023-05-07 | by ( Haley Britzky | ) edition.cnn.com time to read: +18 min

Several thousand were brought there by the State Department directly from Kabul and have since been relocated to the US or Canada. Consequently, thousands of Afghans evacuated by private groups were left in a legal limbo with seemingly no clear path to the US – or anywhere else. It was unclear whether that documentation is sufficient for what the State Department has required. The first two groups were evacuated from the Hamid Karzai International Airport in Kabul in August 2021 by both the State Department and private groups working independently. In her responses to CNN, Tekach said the State Department “had limited information” about refugees who came on those separate flights.

☆ How Did ‘Beau Is Afraid’ Land a Mariah Carey Song? Indies Have Their Ways.
▼ + stars: | 2023-05-02 | by ( Leah Greenblatt | ) www.nytimes.com time to read: +1 min

Beau, the addled midlife wreck played by Joaquin Phoenix in “Beau Is Afraid,” isn’t just afraid, he is terrorized: harassed, beaten, stabbed and even kidnapped in a surreal black comedy that often feels less like a conventional film than a three-hour panic attack. (In the hands of high-anxiety auteur Ari Aster, of “Hereditary” and “Midsommar” fame, consider that a compliment.) Thanks to his monstrous mother, he has become a man resigned to life without love or companionship. For Aster, it turns out, there was never a second choice. There was a feeling like, ‘Look, we’ll try, but we likely won’t be able to afford it.’”

NEW YORK, May 1 (Reuters) - Subway, which is exploring a potential $10 billion sale, further shrank last year in the United States as franchisees closed 2.7% of the brand's sandwich shops, squeezing its royalties and fees. The chain shed another net 571 locations in 2022 after even steeper closings in previous years in the United States, its largest global market, according to the latest disclosure document it provides to franchisees who are interested in buying locations. Subway has closed thousands of U.S. locations in recent years due to over-expansion, outdated operations and decor, stale menus and $5 footlong deals that eroded franchisees' profits. Subway franchisees closed more than 1,000 net U.S. locations in 2021 and 1,609 in 2020. At the end of 2022, Subway had 20,576 shops in the United States.

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