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Jenny Holzer Shines New Light in Dark Places
  + stars: | 2024-05-16 | by ( Nancy Princenthal | ) www.nytimes.com   time to read: +1 min
Thirty-five years after she first set the Guggenheim’s rotunda ablaze with an electronic text racing along its spiral ramp, Jenny Holzer is reprising the installation, and turning up the heat. “Light Line,” a career-spanning exhibition, presents a newly updated LED sign which, together with other recent work, illuminates changes in political language and its modes of delivery unimaginable in 1989. The targets of the texts Holzer wrote between the late 1970s and 2001 — variously excerpted and re-sequenced for the new sign — range broadly. In the newer, non-electronic work in this exhibition, she keeps a viselike grip on threats to democracy. A Midwesterner by birth, born at midcentury, she is self-deprecating, plain-spoken and armed with a wicked gift for irony.
Persons: Jenny Holzer, Holzer, ” Holzer, Locations: , Brooklyn, United States, midcentury
Dow crosses 40,000 for the first time
  + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.
Persons: Dow, stoking, , Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, , Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP
New York CNN —Businesses from McDonald’s to Home Depot are struggling to attract financially strapped shoppers. Walmart said Thursday that sales at stores open at least a year increased 3.8% during its latest quarter from the same time last year. The company raised its sales and profit guidance for the year, a sign it expects growth to continue. Groceries account for more than half of Walmart’s sales, and Walmart has benefited from its pricing advantage with prices around 25% lower than traditional supermarkets, according to analysts at Evercore IRI. Retail sales have slipped overall in recent months.
Persons: ” Neil Saunders, “ Walmart’s, , , Ian Borden Organizations: New, New York CNN, McDonald’s, Walmart, Evercore IRI, GlobalData, Locations: New York, United States
U.S. questions China's no-first-use nuclear call given buildup
  + stars: | 2024-05-16 | by ( ) www.cnbc.com   time to read: +3 min
Referring also to Russia, Jenkins said China's nuclear buildup "raises the specter that United States may soon face two expansionary and significantly nuclear-armed peers." "Beijing's development of a larger, more diverse nuclear arsenal is deeply concerning, and raises questions about the trajectory of the PRC nuclear weapons program," she said. Jenkins was asked about China's call in February for states with the largest nuclear arsenals to negotiate a treaty on no-first-use of nuclear weapons against each other or to make a political statement in this regard. She said it was the first time the U.S. had heard such a proposal from China, underscoring the need for nuclear talks. "Our questions are, quite frankly, how does an idea for no-first-use really fit within their ongoing process of building up nuclear weapons?
Persons: Bonnie Jenkins, Jenkins, specter, hadn't Organizations: Senate Foreign Relations Locations: China, Washington, U.S, People's Republic of China, Russia, States
Blum turned to programs mostly in states where abortion access — and, by extension, abortion training — is likely to remain protected, like California, Colorado, and New Mexico. The AAMC analysis found the number of applicants to OB-GYN residency programs in abortion ban states dropped by 6.7%, compared with a 0.4% increase in states where abortion remains legal. For internal medicine, the drop observed in abortion ban states was over five times as much as in states where abortion is legal. The AAMC analysis notes that even in states with abortion bans, residency programs are filling their positions — mostly because there are more graduating medical students in the U.S. and abroad than there are residency slots. Stulberg and others worry that this self-selection away from states with abortion restrictions will exacerbate the shortages of physicians in rural and underserved areas.
Persons: — Isabella Rosario Blum, Blum, , , , Atul Grover, ” Jack Resneck Jr, Wade, Resneck, Beverly Gray, Gray, Duke, Rohini Kousalya Siva, Kousalya Siva, “ We’re, Debra Stulberg, Stulberg, Hannah Light, Olson, Dr, Sanjay Gupta Organizations: Health, , Association of American Medical Colleges, KFF Health, OB, Research, Action Institute, American Medical Association, Duke University School of Medicine, MedStar Washington Hospital Center, Washington , D.C, D.C, American Medical Student Association, Department of Family Medicine, University of Chicago, University of California, CNN, CNN Health, Residents, KFF Locations: Arizona, California , Colorado, New Mexico . Arizona, Seattle, Midwest, U.S, North Carolina, Washington ,, Maryland , New Hampshire , New York, Washington, Virginia, Tennessee, San Francisco, California, New York
Forget the Magnificent Seven. These AI plays are red hot
  + stars: | 2024-05-16 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
The S&P 500’s utility sector has gained 14% this year, making it the third-best-performing category behind information technology and communication services. Utility stocks tumbled more than 10% in 2023, underperforming the S&P 500’s 24% gain, as investors betting on the artificial intelligence boom crowded into the Magnificent Seven big tech stocks. To be sure, not everyone is jumping into utility stocks. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Including the ticket price, UK concertgoers will spend, on average, £848 ($1,068) each, which is more than 12 times the average cost of a night out in the UK, according to Barclays’ research.
Persons: , Adam Turnquist, Alicia Wallace, Wednesday’s, Read, Taylor Swift’s, Anna Cooban, Swift Organizations: CNN Business, Bell, New York CNN, Constellation Energy, NRG Energy, International Energy Agency, Federal Reserve, LPL, Nvidia, Micro, Bureau of Labor Statistics, CPI, Barclays, Barclays ’ Locations: New York, United Kingdom, United States, England, Wales, Scotland
CNN —Microsoft has asked at least 100 of its employees in China to consider moving to other countries, according to Chinese state media reports. Microsoft employees, mostly involved with cloud computing, were recently offered the opportunity to work in the United States, Australia or Ireland, among other countries, state-run outlet The Paper said in a report Wednesday, citing an unnamed source. The Wall Street Journal reported Thursday that Microsoft asked as many as 800 employees — mostly engineers with Chinese nationality working on cloud computing and AI — to consider relocating. In a statement reported by Reuters, Microsoft (MSFT) said providing internal opportunities for some employees was part of its regular business and the company remained committed to China. In recent months, the United States has also enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China.
Persons: , Biden, Joe Biden Organizations: CNN, Microsoft, Street, The, Reuters, Microsoft Research Locations: China, Beijing, Washington, United States, Australia, Ireland, Europe, Asia
Washington CNN —A pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers. Health care lags other industries such as big financial institutions and energy providers when it comes to IT security, according to some experts. The two ransomware attacks hit different nerves of the health care system. Momentum is also growing on Capitol Hill to force health care organizations to meet basic cybersecurity standards. More broadly, the Justice Department last week announced a task force to examine “health care monopolies and collusion” that will guide the department’s approach to “civil and criminal enforcement in health care markets,” where warranted.
Persons: cybersecurity, ” Joshua Corman, Sen, Ron Wyden, , cybercriminals, Biden, Anne Neuberger, Mark Warner, ” Carter Groome, Corman, , ” Sen, Marsha Blackburn, Andrew Organizations: Washington CNN, Biden, “ Industry, CNN, Oregon Democrat, ransomware, Change Healthcare, White House, American Hospital Association, Department of Health, Human Services, Virginia Democrat, Healthcare, cybersecurity, Health, Cavalry, UnitedHealth, Optum, Tennessee Republican, Justice Department, UnitedHealth Group, Wall Street, Department Locations: St, Louis, United States, Virginia, Tennessee
A man accused of sexually assaulting a Pennsylvania college student in 2013 and then, years later, sending her a message that said “So I raped you” has been arrested in France, the authorities said. The man, Ian Thomas Cleary of Saratoga, Calif., had been sought since 2021, when a warrant for his arrest was issued charging him with sexual assault. Mr. Cleary, 31, was detained last month in Metz, France, according to the prosecutor’s office at the Metz Appeals Court. The prosecutor’s office said that Mr. Cleary had been arrested in connection with a case involving the possession of stolen goods. Mr. Cleary is still in detention, the prosecutor’s office said.
Persons: , Ian Thomas Cleary, Cleary Organizations: Court Locations: France, Saratoga, Calif, Metz, United States
Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.
Persons: , Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing
New York CNN —A high-stakes union election is underway at a Mercedes-Benz plant near Tuscaloosa, Alabama, the only plant for the luxury automaker in North America. The fallout will be significant whether the workers at Mercedes-Benz vote to join the United Auto Workers union or not. And last month, it won a union election at a Volkswagen plant in Chattanooga, Tennessee, its first victory in three attempts to organize the factory. Though a union win could generate momentum, it doesn’t mean a victory will mean other plants can overcome management opposition at other foreign-owned plants. Non-union automakers have already begun their response to the big union victories thus far.
Persons: Shawn Fain, Fain, , , Tesla, Mercedes, Mercedes ’, , MBUSI, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Harry Katz, ” Katz, Katz, ’ ” Katz, they’ve, CNN’s Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, Benz, Mercedes, United Auto Workers, UAW, Big Three, Volkswagen, Kia, Toyota, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Volvo, Team, The National Labor Relations Board, Benz US International, Member, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, “ Labor, Big, – GM, Ford, Cornell University School of Industrial and Labor Relations, P Global Market Intelligence, General Motors Locations: New York, Tuscaloosa , Alabama, North America, Chattanooga , Tennessee, United States, Vance , Alabama, Tuscaloosa, , Cornell University School of Industrial and Labor Relations ’ Buffalo, Alabama, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas
The driver of a waste disposal truck was rushed to a hospital on Wednesday following an incident at the Phoenix campus of the Taiwanese chip giant Taiwan Semiconductor Manufacturing Company, which is under construction. Local media reported that an explosion had occurred that, the company said in a statement, did not damage the facility. The truck driver is a contractor, and no TSMC employees or construction workers were injured, the statement said. TSMC has long dominated the global chip supply chain from its home base in Taiwan. TSMC over the past four years has committed to build new factories in Japan, Germany and Arizona.
Persons: TSMC, Biden Organizations: Phoenix, Taiwan Semiconductor Manufacturing Company Locations: United States, Taiwan, Beijing, TSMC, Japan, Germany, Arizona
FAJR Scientific, the United States-based nonprofit organization that brought Kattan and 16 other physicians to Gaza, is now calling on the US government to help coordinate the team’s safe exit from Gaza. ‘This is what clean looks like in Gaza’The FAJR Scientific team recorded video diaries of their experiences and the conditions they face inside the European Hospital exclusively for CNN. Picking up a single vial of Propofol, she describes how the medics were able bring it in with them from the US. FAJR ScientificNo way outFAJR Scientific operates under the umbrella of WHO which, according to FAJR Scientific, has been attempting to coordinate an evacuation. Of the 19 members on the PAMA medical team, 10 are US citizens.
Persons: Ahlia Kattan, ” Kattan, , , Mosab Nasser, Kattan, anesthesiologists, Laura Swoboda, ” Swoboda, We’re, Sameer Khan, “ It’s, they’re, I’ve Organizations: Jerusalem CNN, Gaza’s, CNN, WHO, World Health, FAJR, Hospital, , FAJR Scientific, European Hospital, Palestine American Medical Association Locations: Jerusalem, California, Rafah, Kattan, Gaza, Egypt, FAJR, United States, Gaza ’, Wisconsin
CNN —Donald Trump’s former fixer Michael Cohen goes back on the stand Thursday braced for another bruising day of cross-examination that is shaping up as the most crucial chapter in the first criminal trial of a former president. A suddenly compressed political calendarEvery criminal trial is a grave process since a defendant’s reputation and even liberty is on the line. The Supreme Court is expected to deliver its decision on Trump’s sweeping claims of immunity from prosecution. That would almost certainly delay Trump’s trial in his federal election interference case until after the election, meaning he wouldn’t be brought to account for the worst attack on democracy in modern times before a subsequent election. In that case, the hush money trial may be the only one held before the election.
Persons: Donald Trump’s, Michael Cohen, Cohen, Trump, Trump’s, , Todd Blanche, CNN’s Paula Reid, Blanche –, Blanche, Reid, , he’d, It’s, there’d, Joe Biden, Biden, they’d, he’s, Mike Johnson Organizations: CNN, Trump, , ABC, GOP, Republican Locations: New York, Manhattan, Georgia, Florida
Dan Loeb's Third Point largely bought into the big technology space during the first quarter, offering a sign of confidence in further gains after a big rally. That can indicate expectations of more room to run within megacap tech and "the Magnificent Seven." He raised his Amazon stake by more than 20%, making the e-commerce stock his second-largest holding at about $920 million. The big tech name, which joined the Dow Jones Industrial Average earlier this year, gained close to 19% in the first quarter. Outside of tech, he opened stakes in names including Goldman Sachs and Cinemark during the quarter.
Persons: Dan Loeb's, It's, bode, Loeb, Warburg Pincus, Goldman Sachs Organizations: Microsoft, Google, Dow Jones, Columbia, UC, Berkeley, Meta, Jefferies, Citigroup, United States Steel, DuPont de Nemours Locations: New York, McKesson
Opinion | The Authoritarians Have the Momentum
  + stars: | 2024-05-16 | by ( David Brooks | ) www.nytimes.com   time to read: +1 min
The central struggle in the world right now is between liberalism and authoritarianism. In this contest, we liberals should be wiping the floor with those guys! Modi seems to be on the verge of re-election. Over the last two centuries liberalism has evolved into a system that respects human dignity and celebrates individual choice. As other moral systems, like religion, have withered in many people’s lives, liberalism itself has expanded to fill the hole in people’s souls.
Persons: Donald Trump, Viktor Orban, Narendra Modi, Tayyip Erdogan, Vladimir Putin, Xi Jinping, Trump, Modi, ” Alexandre Lefebvre, isn’t Locations: Iran, Russia
Mr. Putin, whose economy remains largely isolated because of Western sanctions over his invasion of Ukraine, relies on Mr. Xi, China’s leader, for diplomatic cover and a financial lifeline, including huge purchases of Russian oil. But Mr. Putin will need more help to sustain his war machine, especially now as his military makes a push near Kharkiv, Ukraine’s second-largest city, before billions of dollars’ worth of arms arrives from the United States to shore up Ukraine’s depleted forces. In Beijing, Mr. Putin sought to show that Moscow was deepening its ties with Beijing as a bulwark against Western attempts to contain their countries. “We are working in solidarity on the formulation of a more just and democratic multipolar world order,” he said. He also said the leaders discussed working more closely in energy and nuclear power research, though made no mention of a proposed natural gas pipeline to China that Moscow would like to see built.
Persons: Vladimir V, Putin of, ” Xi, Mr, Putin, Xi, Organizations: Russian Locations: Ukraine, Putin of Russia, Beijing, Kharkiv, Ukraine’s, United States, Moscow, China
As it is in the United States, TikTok is popular in Taiwan, used by a quarter of the island’s 23 million residents. People post videos of themselves shopping for trendy clothes, dressing up as video game characters and playing pranks on their roommates. Influencers share their choreographed dances and debate whether the sticky rice dumplings are better in Taiwan’s north or south. Taiwanese users of TikTok, which is owned by the Chinese internet giant ByteDance, are also served the kind of pro-China content that the U.S. Congress cited as a reason it passed a law that could result in a ban of TikTok in America. The video was flagged as fake by a fact-checking organization, and TikTok took it down.
Persons: Influencers, Rob Wittman, stoking, TikTok Organizations: U.S, Republican Locations: United States, Taiwan, China, America, Virginia, Taiwan’s
!” Trump said, accepting the challenge on his social media platform with a nod to words that typically open boxing matches. The debates are set for June 27 on CNN and September 10 on ABC News. It’ll be on cable, so not exactly pay-per-view, but certainly not the aired-everywhere style that has become typical of presidential debate since the Commission on Presidential Debates started sponsoring them in 1988. The CNN debate, on the other hand, will be conducted in a TV studio with no audience, which means no applause or cheering. After grumbling from both campaigns, the Commission on Presidential Debates issued a statement arguing that beginning in September would still allow for early voters to watch before making a decision.
Persons: CNN — Joe Biden, “ Donald Trump, ” Biden, Trump, Biden, Harry, , Clint Eastwood’s, “ Let’s, ” Trump, Trump’s, , Hugh Hewitt, It’ll, John F, Kennedy, Richard Nixon, Biden’s, Hunter, Robert F, Kennedy Jr, Organizations: CNN, didn’t, ABC News, Republican, Democratic, Social Security, ABC, Biden, Trump, Commission, Washington Post Locations: Atlanta, New York, Los Angeles, Delaware
The National Security Agency collected the intelligence that gave US officials insights into China and Iran’s capabilities in producing deepfakes, one of the sources said. At a briefing last week, FBI officials warned that AI increases the ability of foreign states to spread election disinformation. US officials have maintained a high level of visibility into the AI and deepfake advancements made by countries including China, Iran and Russia since the 2020 election. Nearly 70% of Republicans and Republican-leaners said that President Joe Biden’s 2020 election win was not legitimate, according to a CNN poll released in August. The 2024 US election will present new opportunities for foreign influence operations.
Persons: , , Lee Foster, Foster, ” Foster, leaners, Joe Biden’s, Donald Trump Organizations: CNN, National Security Agency, NSA, Intelligence, US, Labs, , Republican, Pew Research Center, FBI, Kyiv Locations: China, Iran, Russia, United States, Ukraine, Ukraine –
It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.
Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, , Tu Le, , Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong
Most non-retired adults have some type of retirement savings, but only 36% think their savings are on track. New research from economists at the Federal Reserve Bank of New York finds that this retirement savings deficit hasn’t made a dent in when Americans plan to exit, or partially exit, the workforce. “The pandemic-induced change in retirement expectations may continue to affect the labor market in years to come,” they wrote. Yes, but: This is a survey of expectations, researchers at the New York Fed are quick to point out. Just because Americans say they plan to shift to part-time work or retire early, it doesn’t mean that they’ll be able to.
Persons: Felix Aidala, Gizem Kosar, Wilbert van der, , They’re, Alicia Wallace, delinquencies, Joelle, CNN’s Parija, Donna Morris, Morris, ” Morris Organizations: CNN Business, Bell, New York CNN, Census, Federal Reserve Bank of New York, Social Security, New, Survey, SCE, triannual, Social, Social Security Agency, Lawmakers, New York Fed, Federal Reserve Bank of New, , Public Policy Research, Credit, Walmart, CNN, San Francisco Bay Area Locations: New York, United States, York, Federal Reserve Bank of New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey
Replying by email to my inquiry, Hetherington wrote:In 1992, those whites scoring at the top of the authoritarianism scale split their two-party vote almost evenly between Bush and Clinton (51-49). By 2012, those high authoritarianism white voters went 68-32 for Romney over Obama. In both Trump elections it was 80-20 among those voters. So from 50 Republican-50 Democrat to 80 Republican-20 Democrat in the space of 24 years. The two authors analyzed data from seven studies conducted by the World Values Survey in 76 countries between 1981 and 2022.
Persons: Marc Hetherington, , Hetherington, Clinton, Romney, Obama, Joshua Conrad Jackson, Dan Medvedev, Jackson, Medvedev Organizations: University of North, Chapel Hill, Trump, Republican, University of Chicago’s Booth School of Business Locations: United States, Russia, China, Iran, North Korea, University of North Carolina, Bush
The Biden administration will issue visa restrictions against 250 people and sanctions against three organizations that support the Nicaraguan government, whose authoritarian leader officials say has profited off people trying to reach the United States. The Biden administration will also issue a policy alert to private companies, including airlines, of concerns about irregular immigration patterns and potential human rights abuses stemming from those practices. There is no way to enforce the policy against companies that ignore those abuses. The announcement reflected a growing concern among President Biden and his advisers that a surge of undocumented immigrants into the United States is a growing threat to his re-election campaign. It also showed that the administration has limited options to stem the flow of immigration from troubled countries whose citizens are searching for a better life in the United States.
Persons: Biden, Daniel Ortega Organizations: Nicaraguan Locations: Nicaraguan, United States, Nicaragua
The much larger ships navigating U.S. ports have raised the risk of deadly crashes, requiring a fresh look at bridges and other key infrastructure that may need enhanced protections, a U.S. Coast Guard official said on Wednesday. “It is time to more broadly understand these risks,” Mr. Gautier told the House transportation and infrastructure committee, which is examining the federal response to the crash. He said the Coast Guard would be starting a nationwide review to examine vulnerabilities and propose plans to reduce the risk of disastrous accidents. Jennifer Homendy, the chair of the National Transportation Safety Board, said during the hearing that states and other bridge operators should be evaluating the types of vessels traveling through their waterways, especially near older bridges. While her agency expects to take about 18 months to produce a final report on the Baltimore disaster, she said officials might issue urgent safety recommendations even sooner.
Persons: Adm, Peter Gautier, Francis Scott Key, Mr, Gautier, Jennifer Homendy Organizations: U.S . Coast Guard, Coast Guard, National Transportation Safety Locations: U.S, Baltimore
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