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☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ 2024 Was the Year That Broke College Admissions - The New York Times
▼ + stars: | 2024-05-01 | by ( Daniel Currell | ) www.nytimes.com time to read: +1 min

Selective college admissions have been a vortex of anxiety and stress for what seems like forever, inducing panic in more top high school seniors each year. But the 2023-2024 admissions season was not just an incremental increase in the frantic posturing and high-pressure guesswork that make this annual ritual seem like academic Hunger Games. The so-called Ivy-Plus schools — the eight members of the Ivy League plus M.I.T., Duke, Chicago and Stanford — collectively received about 175,000 applications in 2002. In 2022, the most recent year for which totals are available, they got more than 590,000, with only a few thousand more available spots. A legal challenge swept the rules away, freeing the most powerful schools to do pretty much whatever they wanted.

Persons: —, clamoring, Stanford — Organizations: Hunger, Ivy League, Stanford Locations: Duke, Chicago, United States

☆ Opinion: Reversal in Harvey Weinstein case isn’t the demise of sex crimes prosecution
▼ + stars: | 2024-05-01 | by ( Deborah Tuerkheimer | ) edition.cnn.com time to read: +8 min

CNN —When a Manhattan jury found movie mogul Harvey Weinstein guilty of sex crimes in 2020, the verdict seemed to herald a new era of accountability. I was not shocked by the reversal, nor do I view this as the demise of sex crimes prosecution. New York's highest court overturned his sex crimes conviction last week. Another important innovation is the use of sex crimes experts to educate the jury — and in high-profile cases, the public. Join us on Twitter and FacebookIn this post-#MeToo age of sex crimes prosecution, I have described sex crimes experts as a needed if partial corrective to the credibility discount.

Persons: Deborah Tuerkheimer, Harvey Weinstein, Deborah Tuerkheimer Eileen Molony, Weinstein, I’m, “ untruthful, Seth Wenig, —, Weinstein hadn’t, Barbara Ziv, Ziv, ” Ziv Organizations: Northwestern University’s Pritzker School of Law, CNN, New, American Law Institute, of, Twitter, Facebook Locations: Manhattan, New York, California

☆ Where Reena Virk's attackers, the 'Shoreline Six,' are 30 years after her murder depicted in 'Under the Bridge'
▼ + stars: | 2024-05-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Nicole Cook started the assault, which ended in two others killing Virk. Nicole Cook started the attack by putting a cigarette out on Virk's faceChloe Guidry as Josephine Bell and Lily Gladstone as Cam Bentland in "Under the Bridge." In 2011, she told "Dateline" that she was the ringleader of the attack, which she started by putting out her cigarette on Virk's face. In the 2017 Vice article about the murder, Godfrey also claimed Virk told several boys that Cook had AIDs. The Shoreline Six were charged with assaultViritka Gupta as Reena Virk in "Under the Bridge."

Persons: Virk, Nicole Cook, —, Rebecca Godfrey, Riley Keough, Reena Virk, Viritka Gupta, Warren Glowatski, Javon Walton, Kelly Ellard, Izzy G, Nicole Patterson, Courtney Keith, Gail Ooms, Missy Grace Pleich, Chloe Guidry, Josephine Bell, Lily Gladstone, Cam Bentland, Darko Sikman, Cook —, Cook, Godfrey, Patterson, Keith, I'm, it's, Pleich Organizations: Service, Hulu, Vancouver Sun Locations: Saanich, British Columbia, Victoria, Hulu, Ellard, Vancouver

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ Artist Yves Klein’s unusual nude performance restaged decades after artist’s death
▼ + stars: | 2024-05-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

CNN —Twice a week this spring, a nude performance artist sits inside a small wooden box in a New York gallery waiting to be touched. Courtesy Lévy Gorvy DayanVisitors to Lévy Gorvy Dayan on New York's Upper East Side can interact with the sculpture and performance artist inside during twice-weekly performances this spring. “Yves Klein: The Tangible World” brings together many of the artist’s lesser-seen works. “I wanted to show Yves Klein’s love for the body, and the aliveness that the body represents,” said Dominique Lévy, a co-founder of the gallery, which represents Klein’s estate. “He’s the first artist to really incorporate performance as an artistic act and as a practice,” Lévy said.

Persons: ‘, Yves Klein, ”, “, —, “ Yves Klein, Gorvy Dayan, Klein, Dominique Lévy, Lévy Gorvy Dayan, Julian Rigg, Yves Klein’s, ” Klein, ” Lévy, ” Hugo Alexander, Rose, he’s, ” Krause, Lévy, Alexander Organizations: CNN, Lévy Gorvy Dayan Visitors, Artists Rights Society, Marina, Museum of Modern Art, School of Visual Arts Locations: New York, French, New, ADAGP, Paris

☆ Joseph Stiglitz on why America's appetite for Trump endures
▼ + stars: | 2024-05-01 | by ( William Edwards | ) www.businessinsider.com time to read: +12 min

If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."

Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, —, that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America

☆ Former Google workers fired for protesting Israel deal file complaint claiming protected speech
▼ + stars: | 2024-05-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. We are confident in our position and stand by the actions we’ve taken.”Last month’s protests involved employee sit-ins inside Google’s offices in New York City and Sunnyvale, California. No Tech for Apartheid said last week that 50 Google employees were terminated in connection with the protests. The group claimed that some of the workers fired were “non-participating bystanders” and not actively involved in the workplace activism. But affected workers say they should not have been fired for protesting the company’s actions.

Persons: “, Thomas Kurian, ”, Zelda Montes, Benjamin Sachs, Kestnbaum, that’s, Sundar Pichai, Pichai, ” Pichai, Googlers, –, Catherine Thorbecke Organizations: New, New York CNN, US National Labor Relations Board, Tech, Apartheid, Google, CNN, “, Labor, Industry, Harvard Law School, Hamas Locations: New York, New York City, Sunnyvale , California, Sunnyvale, Israel, Gaza, America

☆ Federal Money Is All Over Milwaukee. Biden Hopes Voters Will Notice.
▼ + stars: | 2024-05-01 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

Across Milwaukee, residents can see evidence of federal money from laws passed under the Biden administration, if they know where to look. It shows up in a growing array of solar panels near the airport. Some money has yet to be spent, like $3.5 million to rebuild the penguin exhibit at the local zoo and $5.1 million to repair the roof of Milwaukee Mitchell International Airport. That presents both an opportunity and a challenge to Mr. Biden’s re-election campaign as it seeks to show Americans how federal investments have improved their lives. Doing so is difficult because the laws delegated many spending decisions to state and local officials, obscuring the money’s source.

Persons: Biden, Biden’s Organizations: H.I.V, Milwaukee County, American, Infrastructure Law, Milwaukee Mitchell International Locations: Milwaukee

☆ These 70 House Democrats and 21 Republicans voted against a bill to crack down on antisemitism on college campuses
▼ + stars: | 2024-05-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

70 House Democrats voted against it, including the longest-serving Jewish House Democrat. AdvertisementThe House of Representatives passed a bill on Wednesday designed to crack down on antisemitism on college campuses. The bill sailed through by a 320-91 bipartisan vote, with 70 House Democrats and 21 House Republicans voting against it. In December, Nadler also led 92 House Democrats in voting "present" on a GOP-sponsored resolution that equated anti-Zionism with antisemitism. 13 House Democrats voted against the resolution outright.

Persons: —, Mike Lawler, That's, Jerry Nadler —, Nadler, Hakeem Jeffries, Mike Johnson, Marjorie Taylor Greene, Jesus Christ, Jesus, Herod, Read, Y0eeOiVfnw —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Jewish House Democrat, Service, Democrats, Republicans, Lawmakers, Republican Rep, of Education, International Holocaust, Alliance, State, Jewish House, Department of Education, Department, Education, GOP, Interagency, Force, House, Catholic Locations: York, Israel, Georgia

☆ Election Updates: Trump campaigns in battleground states for the first time since his trial began.
▼ + stars: | 2024-05-01 | by ( Chris Cameron | ) www.nytimes.com time to read: +6 min

The Louisiana secretary of state has ordered that the congressional map be finalized by May 15. Even so, they said, it was evident that creating a second district with a majority of Black voters was lawmakers’ overarching objective. But in the map drawn by the Republican-controlled Legislature, only one of the six congressional districts had a majority Black population. The ruling reaffirmed the Voting Rights Act of 1965, which had been diminished over the years by the court’s conservative majority. Critics of Tuesday’s ruling argued that the repercussions in Louisiana could extend beyond a single election, or even partisan divisions.

Persons: ”, Critics, Eric H, Holder Jr, Liz Murrill, “ I’ve, ’, David C, Joseph, Robert R, “, Carl E, Stewart, —, Tuesday’s, Ashley Shelton, Ms, Shelton Organizations: Black, U.S . Constitution, National Democratic, Republican, U.S, Supreme, . Constitution, State Legislature, Lawmakers, U.S ., Appeals, Fifth Circuit, American, Western, Western District of, Louisiana Legislature, voters, Power Coalition for Equity, Justice Locations: Louisiana, U.S ., ., Baton Rouge, Shreveport, Western District, Western District of Louisiana, Black, U.S

☆ U.S. Congress members demand answers on Andretti's exclusion from Formula 1
▼ + stars: | 2024-05-01 | by ( Sahil Kapur | ) www.cnbc.com time to read: +5 min

Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.

Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, —, that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ House passes antisemitism bill as Johnson highlights campus protests
▼ + stars: | 2024-05-01 | by ( Clare Foran | ) edition.cnn.com time to read: +8 min

“The bill sweeps too broadly.”Speaker Johnson puts a spotlight on campus protestsHouse Speaker Mike Johnson has increasingly put a spotlight on campus protests. Last week, the Louisiana Republican visited Columbia University to meet with Jewish students and hold a press conference where he called on the university’s president to resign. CAIR has reported record incidents of Islamophobia on campus, and the Anti-Defamation League has recorded a historic number of incidents of violence and threats against Jewish students. Some Jewish students have said they were threatened by protesters and encountered antisemitic rhetoric at some of the rallies. The White House and multiple governors have voiced support for Jewish students and urged protesters and universities to exercise restraint.

Persons: New York Republican Mike Lawler, “, ”, Josh Gottheimer, Max Miller, Jared Moskowitz, Jerry Nadler, Johnson, Mike Johnson, Virginia Foxx, Marjorie Taylor Greene, Donald Trump, Trump, Nick Fuentes, Kanye, ” Trump, Benjamin Netanyahu’s, CNN’s David Goldman, Ramishah Maruf, Kate Sullivan Organizations: CNN, Department, Education, International Holocaust, Alliance, Critics, GOP, Senate, New York Republican, New, New Jersey Democrat, Ohio Republican, Florida Democrat, American Civil Liberties Union, ACLU, Democratic, ”, Louisiana Republican, Columbia University, Republicans, House Education, Yale, UCLA, Committee, Jewish, White, Kanye West, CAIR, Defamation Locations: Israel, New Jersey, Ohio, Florida, New York, Louisiana, North Carolina, Michigan, Columbia, Lago, Charlottesville , Virginia, United States, Gaza

☆ No, the electric vehicle market isn’t crashing. It just needs recharging.
▼ + stars: | 2024-05-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

The second is the rate of EV sales growth is slowing, at least temporarily. The EV market is not collapsing, experts say, it’s just entering a new phase. Teslas still make up slightly more than half of all the electric vehicles sold in America, according to a report from Cox Automotive. But, just one year ago, Tesla produced more than 60% of all the EVs sold America. After having trouble cranking up production of its new generation of electric vehicles, GM seems to be accelerating.

Persons: it’s, ”, Coco Zhang, “, Teslas, Tesla, Cox, Ford, China’s Geely, Michael Lenox, Corey Cantor, Cantor, ” Cantor Organizations: New, New York CNN, International Energy Agency, ING, CNN, Cox Automotive, Ford, General Motors, Blazer, European Federation for Transport, Volvo, EV, China Passenger Car Association, University of Virginia, Bloomberg New Energy Finance, Vehicles, Chevrolet Bolt, Dodge Locations: New York, That’s, EVs, America, China, Europe, United States, ’

☆ Kendrick Lamar humbles Drake with an assist from Tupac's estate
▼ + stars: | 2024-05-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Drake deleted his "Taylor Made Freestyle" diss tracks aimed at Kendrick Lamar on social media. AdvertisementIt's safe to say that Kendrick Lamar successfully one-upped Drake in their ongoing feud — and it's mainly because he has a dead legend on his side. The second track, "Taylor Made Freestyle," used an AI-recreated Tupac voice to rap and mock Lamar. Related stories"The unauthorized, equally dismaying use of Tupac's voice against Kendrick Lamar, a good friend to the Estate who has given nothing but respect to Tupac and his legacy publicly and privately, compounds the insult," Tupac's estate wrote in the letter. Representatives for Drake and Lamar did not immediately respond to a request for comment.

Persons: Drake, Taylor, Kendrick Lamar, Tupac Shakur's, —, Lamar, J, Cole, Tupac Shakur, Shakur, Tupac, Cole —, Somebody Organizations: Service, Business, Drake Locations: Lamar, Canadian

☆ Corn to Power Airplanes? Biden Administration Sets a High Bar.
▼ + stars: | 2024-04-30 | by ( Max Bearak | Dionne Searcey | ) www.nytimes.com time to read: +1 min

In a move aimed at lowering the greenhouse gas emissions of air travel, the Biden administration on Tuesday issued new guidelines for how fuel producers — and in particular, makers of ethanol from corn — could qualify for tax credits under a plan to increase the supply of so-called sustainable aviation fuel. It’s especially difficult to transition airplanes away from traditional jet fuel because there are so few affordable alternatives capable of getting a plane off the ground. The global aviation sector accounts for about 3 percent of the world’s total emissions, and most jet fuel today is made from fossil fuels. President Biden’s 2022 Inflation Reduction Act offered federal tax credits for sustainable aviation fuels, industry jargon for jet fuel made without fossil fuels, that cut greenhouse gas emissions by at least 50 percent. For months now, federal officials have been evaluating research to decide how to measure whether various biofuel-based alternatives meet that standard.

Persons: Biden, Biden’s

☆ Two Men Are Charged Over the Felling of the Sycamore Gap Tree
▼ + stars: | 2024-04-30 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

Two men in their 30s were charged on Tuesday in connection with the chopping down last year of the 200-year-old Sycamore Gap tree, which stood in a dip along Hadrian’s Wall in northern England. The beloved sycamore’s mysterious felling, which took place on a stormy September night, led to an outpouring of sorrow, anger and confusion at the senselessness of the act: Why would anyone cut down one of Britain’s most iconic trees? Two men, Daniel Graham, 38, and Adam Carruthers, 31, from Cumbria, England, were charged with damaging both the tree and part of Hadrian’s Wall, a UNESCO World Heritage Site, according to the local Northumbria Police. Hadrian’s Wall, about 100 miles southeast of Edinburgh and near England’s border with Scotland, was built by the Roman Army after the emperor Hadrian’s visit to Britain in A.D. 122. “We recognize the strength of feeling in the local community and further afield the felling has caused, however we would remind people to avoid speculation, including online, which could impact the ongoing case,” Detective Chief Inspector Rebecca Fenney, the senior office on the case, said in a statement on Tuesday.

Persons: Daniel Graham, Adam Carruthers, Hadrian’s, “, Rebecca Fenney Organizations: UNESCO, Heritage, Northumbria Police, Roman Army Locations: England, Cumbria, Northumbria, Edinburgh, England’s, Scotland, Britain

☆ Democrats could go even further than before if they sweep the White House, Senate, and House again
▼ + stars: | 2024-04-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

But there's a not-insignificant chance that not only does Trump lose again, but that Democrats find themselves once again in control of the White House, the Senate, and the House of Representatives at the beginning of 2025. Democrats are broadly seen as favored to retake the House, with nearly 20 House Republican incumbents fighting to hold on in districts won by Biden in 2020. Jon Tester of Montana and Sherrod Brown of Ohio will have to win in order for Democrats to maintain the Senate majority. Biden supports it, and House Democrats have already voted for it twice, once in 2021 and again in 2022. AdvertisementManchin and Sinema, two key obstacles to Biden's party-line agenda, won't be in the Senate next year.

Persons: Biden's, —, Donald Trump, It's, Sens, Kyrsten Sinema, Joe Manchin, Joe Biden's, Biden, Trump, Kamala Harris, Jon Tester, Sherrod Brown, Chip Somodevilla, Roe, Wade, Sinema, Manchin, Jabin, Progressive Caucus's, that's Organizations: Service, Trump, White, Senate, Democratic, Biden, Republican, Montana, Getty, House Democrats, Washington, Democrats, Progressive Locations: California, New York, Arizona, Ohio, Montana, Arizona , Pennsylvania, Wisconsin, Michigan, Washington

☆ Meta hit with major EU probe into disinformation handling ahead of European elections
▼ + stars: | 2024-04-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Meta on Tuesday was hit by the European Commission — the executive body of the European Union — with a major investigation into its compliance with the EU's strict internet content rules. The Commission said it is investigating Meta over concerns the company hasn't done enough to ensure effective combatting of disinformation ahead of upcoming European Parliament elections. The European Parliament elections are due to take place on June 6-9. "We look forward to continuing our cooperation with the European Commission and providing them with further details of this work."

Persons: Mark Zuckerberg, Meta Organizations: Dirksen, Meta, European Commission, European, DSA, Services, EU, Facebook, CNBC Locations: Washington ,

Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Former federal prosecutor Neama Rahmani agrees, adding that Zhao's personal wealth won't be affected by his sentence. That's a different siutation from Sam Bankman-Fried, the controversial ex-CEO and founder of crypto exchange FTX. Bankman-Fried received a 25-year prison term for crimes connected to the operation of his crypto exchange. "Negative long-term impact on Binance will diminish the value of CZ's investment in the crypto exchange," said Yadav.

Persons: Changpeng Zhao, Reuters Changpeng Zhao, Zhao, Gabriel Abed, Richard Jones, Tre Lovell, Neama Rahmani, David Ryder, Binance, Braden Perry, Sam Bankman, Joshua de Vos, de Vos, Fried, Yesha Yadav, That's, Forbes, he's, Lucas Kiely, Kiely —, —, Yadav, it's Organizations: Staff, Reuters, CNBC, U.S, U.S . Department of Justice, District, Toyota, Bloomberg, Getty, Bank, Commodity Futures Trading Commission, Vanderbilt University, Department, Securities and Exchange Commission, SEC Locations: Paris, France, Seattle, Zhao, Binance, Los Angeles, Seattle , Washington, Dubai, U.S, bitcoin, Iran

☆ Water Heaters Use Lots of Energy. The D.O.E. Wants to Change That.
▼ + stars: | 2024-04-30 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

The Biden administration on Tuesday adopted stricter energy-efficiency standards for residential water heaters, the most consequential move in a flurry of changes designed to reduce the energy used by many common appliances including stoves, dishwashers and lightbulbs. The Department of Energy said the new standards, taken together, will save American households and businesses nearly $1 trillion over 30 years, and save the average family $100 a year or more through lower utility bills. The changes will also cut greenhouse gas emissions, the agency said, by an amount equivalent to taking 18 million gas-burning cars off the road over that time. However, the changes have come under withering attack by Republican lawmakers who claim the new rules will make appliances costlier in the short term. Republican politicians and their allies have accused the administration of planning to ban gas stoves, for example, and conservative groups have blamed environmental rules for what it claimed was the decline of the American dishwasher.

Persons: Biden Organizations: Department of Energy, Republican, Appliances, Laundry

☆ Hong Kong transgender activist gets new male ID after yearslong legal battle
▼ + stars: | 2024-04-30 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

On Monday, Tse finally picked up a new ID card that registered his gender as male at Hong Kong’s immigration office. The 33-year-old activist, who holds both British and Hong Kong passports, identifies as a man and has lived as a man for years. His British passport identifies him as male but Hong Kong authorities refused to make that change for the city’s identity card, which is compulsory for all residents. So in 2017, Tse took legal action against the Hong Kong government, which fought the case all the way. LGBTQ activists in Hong Kong have long questioned why they must keep fighting through the courts to gain recognition and equality, but they have nonetheless seen repeated successes.

Persons: Henry Tse, Tse, –, ” Tse, Hong, ”, Xi Organizations: Hong Kong CNN, British, Hong, Appeal, CNN, Kong’s Immigration Department, Reuters Locations: Hong Kong, Hong, East Asia, Kong’s, Tse’s, China, Taiwan, Asia, Japan

Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. Binance's billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange. The sentence in Seattle federal court was significantly less than the three years that federal prosecutors were seeking for Zhao. In November, Zhao struck a deal with the U.S. government to resolve a multiyear investigation into Binance, the world's largest cryptocurrency exchange. The action against Binance and its founder was a joint effort by the Department of Justice, the CFTC and the Treasury Department, though the SEC was notably absent.

Persons: Changpeng Zhao, Binance, Zhao Organizations: U.S, Bank, U.S . Securities, Exchange Commission, Commodity Futures Trading Commission, Binance, Department of Justice, CFTC, Treasury Department, SEC Locations: Seattle , Washington, US, Seattle, Binance, U.S

Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. As part of his plea deal with the Department of Justice, Zhao agreed to step down as CEO. Once a titan of the crypto sector, Zhao grew Binance into the world's largest centralized crypto exchange globally. Unlike rival exchange FTX, which collapsed into bankruptcy when founder Sam Bankman-Fried was criminally charged, Binance has continued to operate. Binance processed a whopping $18.1 trillion worth of trading volume in 2023, according to data from CCData, a crypto market data firm.

Persons: Changpeng Zhao, Zhao, Richard Jones, Binance, Sam Bankman, Fried, Nansen, he's Organizations: Department of Justice, District, Prosecutors, Bank, U.S, Justice Department, Futures Trading Commission, Treasury Department, SEC Locations: Seattle, U.S, CCData, Iran

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