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☆ Opinion: Oppenheimer’s not your daddy
▼ + stars: | 2023-08-11 | by ( Opinion Aanchal Saraf | Rebecca H. Hogue | ) edition.cnn.com time to read: +11 min

Corbis/Getty ImagesScholar Teresia Teaiwa famously critiqued the bikini as instrumental to depoliticizing and concealing the effects of nuclear weapons in the Pacific. Britain and France would later begin their own nuclear weapons programs on Indigenous lands and waters in Australia and French Occupied Polynesia, among others. The US began detonating nuclear bombs at the Nevada Test Site in 1951, garnering nearby Las Vegas the nickname Atomic City. Atomic playboys have aestheticized nuclear weapons as sexy — but still safe — since their very existence. Nolan prolongs the time between the flash and the blast, allowing Oppenheimer’s words to hang in unnerving suspension.

Persons: Rebecca H, Hogue, Barbie ”, “ Oppenheimer, “ Barbie ”, Barbenheimer, Hogue Rebecca H, Baker, ” Rita Hayworth, Gilda, Hayworth, — Jacques Heim’s, Louis Réard, Corbis, Teresia Teaiwa, Lee A, Merlin, SpongeBob, Bert, Turtle, Walt, William Blandy, “, Christopher Nolan’s “ Oppenheimer, Cillian Murphy, Nolan, Oppie, Ernest Lawrence, Josh Hartnett, Jean Tatlock, Florence Pugh, Kitty Oppenheimer, Emily Blunt, Tatlock, Oppenheimer, J, Robert Oppenheimer, Christopher Nolan's, Melinda Sue Gordon, Nolan prolongs, “ Gilda, ”, Nolan bifurcates “ Oppenheimer ”, ” “ Oppenheimer, Barbie, Margot Robbie, ’, Ken, Ryan Gosling, —, Barbie’s, Mike ”, Edward Teller, “ It’s, Teller, “ Oppenheimer ” Organizations: Dartmouth College’s Society of Fellows, Mahindra Humanities Center, Harvard University, CNN, Warner Brothers Discovery, Universal, Trinity, Crossroads, Getty, Atomic Energy Commission, US, Las, Atomic, National Atomic Testing, Los, Communist Party, American, Twitter Locations: Pacific, Oceania, New Mexico, Hiroshima, Nagasaki, Marshall Islands, Kiribati, Northern Paiute, Western, Nevada, Amchitka , Alaska, Bikini Atoll, Britain, France, Australia, French, Las Vegas, Las, Playthings, Los Alamos, Japan, American, iconicity, Alamos

☆ ‘Barbenheimer’ Isn’t a Contest. But if It Were, Which Film Would Win?
▼ + stars: | 2023-08-02 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +1 min

Barbie is a famous clotheshorse, and Gerwig’s movie more than delivers on the fashion front: Whether Robbie’s doll is wearing gingham dresses or disco jumpsuits, she takes costumes that could read as cosplay and makes them chic. Still, even though Murphy is striking in period garments, there can be only one victor in this category. We have no doubt that Barbie would look fashionable even in Oppenheimer’s tailored menswear, but could the theoretical physicist pull off her rollerblading look in eye-searing fluorescents? (Kinky, yes, but Tatlock clearly knows that the way to this man’s heart is to first admire his bookshelf.) Advantage: “Oppenheimer”

Persons: Barbie, “ Oppenheimer, ”, Oppenheimer, Nolan, Murphy, Jean Tatlock, Pugh, Gita, “ Barbie ”, “ I’m, Ken ” Organizations: Mattel Locations: “

☆ ‘Oppenheimer,’ the Bhagavad-Gita and India’s Outrage
▼ + stars: | 2023-07-31 | by ( Tunku Varadarajan | ) www.wsj.com time to read: 1 min

With streaming disrupting the economics of the TV and film industries, it doesn’t help to alienate your audience with political posturing like Disney has with its refashioning of classic fairy tales including the upcoming 'Snow White.' Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyThe debate about “Oppenheimer” has veered between fascination for a past when men wore linen suits to build a bomb and fear for a future in which the world is nuked to a crisp. The debate in the West—and, notably, Japan—has been civilized for our bad-tempered times, with historians, philosophers and “fact checkers” chewing intently on the film’s abundant fodder. Only in India has the movie sparked outraged dissent, with calls by officials from its Hindu nationalist government for it to be censored.

Persons: Mark Kelly, “ Oppenheimer ”, Japan — Organizations: Disney, Bloomberg, CAA Locations: Japan, India

☆ Opinion | What ‘Oppenheimer’ Doesn’t Tell You About the Trinity Test
▼ + stars: | 2023-07-30 | by ( Tina Cordova | ) www.nytimes.com time to read: +2 min

July is a hard month for a lot of us here in New Mexico, where thousands of people’s lives were upended by the test of the world’s first nuclear bomb. The people of New Mexico were the first human test subjects of the world’s most powerful weapon. The three-hour movie tells only part of the story of the Manhattan Project, which developed the bomb, and conducted the test code-named Trinity that day in July. It does not explore in any depth the costs of deciding to test the bomb in a place where my family and many others had lived for generations. The area of southern New Mexico where the Trinity test occurred was not, contrary to the popular account, an uninhabited, desolate expanse of land.

Persons: “ Oppenheimer ” —, Robert Oppenheimer, Trinity, Oppenheimer, Mary Organizations: Manhattan, Mexicans Locations: New Mexico, Santa Fe, Trinity, Spanish

☆ Here's why the pilot of Enola Gay had no regrets about dropping the first atom bomb designed by Oppenheimer
▼ + stars: | 2023-07-25 | by ( Tom Porter | Sophia Ankel | ) www.businessinsider.com time to read: +6 min

On August 6, 1945, the B-29 Superfortress bomber Enola Gay dropped an atomic bomb on Hiroshima. Toward the end of his life, Enola Gay's pilot was unrepentant saying they saved "a lot of lives." So when the Enola Gay approached at 8:15 a.m., many thought it was a reconnaissance plane. But how did the explosion weigh with the 12 men aboard the Enola Gay who dropped the bomb that day? Some of the crew of the Enola Gay, the B-29 plane from which the first atom bomb was dropped.

Persons: Gay, Enola, Enola Gay, Paul W, Tibbets Jr, Tibbets, Paul Tibbets Jr, Richard Cannon, Edger, we'd, God we're, we've, Terkel, Capt, Theodore van Kirk, I'm, J, Robert Oppenheimer, Christopher Nolan's, Oppenheimer, Oppenheimer famousy Organizations: Service, US Air Force, Boy, Us Air Force, Getty, Enola, Army Air Force Locations: Hiroshima, Wall, Silicon, Tinian, Guam, Japan, Nagasaki, Los Alamos , New Mexico

☆ The remarkable story of the world's first atomic bomb and how Oppenheimer reacted to the historic moment
▼ + stars: | 2023-07-25 | by ( Amanda Macias | Joshua Zitser | ) www.businessinsider.com time to read: +4 min

The world's first atomic bomb was detonated in the New Mexico desert on July 16, 1945. But in a later interview about the decision to drop the bomb, Oppenheimer said that at the moment of the explosion he thought of a line from the Hindu scripture Bhagavad-Gita, "Now I am become Death, the destroyer of worlds." Norris Bradbury stands next to the partially assembled Gadget atop the test tower. WikipediaLess than a month later, on August 6, 1945, the US dropped a five-ton atomic bomb on the Japanese city of Hiroshima. Oppenheimer later told the American Philosophical Society: "We have made a thing, a most terrible weapon, that has altered abruptly and profoundly the nature of the world."

Persons: Oppenheimer, Albert Einstein, Leslie Groves, J, Robert Oppenheimer, Christopher Nolan's, Oppenheimer's, John Donne, Einstein, Gadget, Amanda Macias, Norris Bradbury Organizations: Manhattan, Service, Department of Energy, YouTube, US, Japan's, Getty, American Philosophical Locations: New Mexico, Wall, Silicon, —, Alamogordo , New Mexico, American, Germany, America, Hiroshima, Japan's Nagasaki, Japan, New York

☆ The beauty and terror of Oppenheimer's first-ever nuclear test explosion, in the words of those who witnessed it
▼ + stars: | 2023-07-25 | by ( Tom Porter | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

On July 16, 1945, at 5:29 a.m., the world's first nuclear weapon test was conducted in New Mexico. A photo made by a US Army automatic newsreel camera showing the test explosion of the world's first atomic bomb. An aerial view of the aftermath of the explosion at Trinity Test Site, New Mexico, July 16, 1945. The massive explosion of Oppenheimer's Trinity test was first explained away as an ammo dump explosion. Asked to describe his reaction to seeing the explosion, Oppenheimer quoted a verse from the Bhagavad Gita, a Hindu devotional text.

Persons: J, Robert Oppenheimer, Robert Oppenheimer —, Christopher Nolan's, —, Arthur Compton, Compton, Oppenheimer, Nolan, It's, Elsie McMillan, Edwin McMillan, Gadget, John Donne, Eddie Adams, Sam Allison, Marvin Wilkening, Brig, Thomas F, Farrell, William Spindel, I'm, Roger Rasmussen, Trinity Organizations: Manhattan Project, Service, Scientific, Manhattan, Hollywood, Atomic Heritage Foundation, Trinity, Institute for, Study, AP, US Army, Clovis, National Security Research Locations: New Mexico, Wall, Silicon, Socorro , New Mexico, Princeton , New Jersey, Gen

☆ Sex scene with Florence Pugh in 'Oppenheimer' becomes latest target of India's Hindu nationalists
▼ + stars: | 2023-07-24 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Pugh stops during intercourse and picks up a copy of the Bhagavad Gita, one of Hinduism’s holiest scriptures, and asks Murphy to read from it. India’s film board gave “Oppenheimer” a U/A rating, which is reserved for movies that contain moderate adult themes and can be watched by children under 12 with parental guidance. In 2020, Netflix (NFLX) received significant backlash in India for a scene in the series “A Suitable Boy” that depicted a Hindu woman and Muslim man kissing at a Hindu temple. Ahead of the release of “Oppenheimer,” Murphy said he read the Bhagvad Gita in preparation. “I thought it was an absolutely beautiful text, very inspiring,” he told Indian film critic Sucharita Tyagi in an interview.

Persons: New Delhi CNN — Christopher Nolan’s, “ Oppenheimer ”, Robert Oppenheimer, Cillian Murphy, Florence Pugh, Jean Tatlock, Pugh, Murphy, Uday Mahurkar, “ Oppenheimer, Greta Gerwig’s, Barbie, Vivek Agnihotri’s, ” Murphy, ”, Sucharita Tyagi, “, Oppenheimer, ” Oppenheimer Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Netflix, ISIS, Trinity Locations: New Delhi, India, Kerala, Indian

☆ 'Oppenheimer' sparks online outrage in India due to Hindu scripture scene
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

The scene features the protagonist reciting a verse from the Bhagwad Gita, considered the holiest of Hindu scripture, just before sexual intercourse. "This should be investigated... on an urgent basis and those involved should be severely punished," the nationalist "Save Culture Save India Foundation" said in a press release. Universal Pictures India, the local unit of the film's producers, did not immediately respond to a request for comment. Officials from the film certification board did not immediately respond to a request for comment. It grossed around 600 million rupees ($7.33 million) since Friday, Warner Bros Discovery, which released the film in India, said on Monday.

Persons: Oppenheimer, Uday Mahurkar, Christopher Nolan, Cillian Murphy, J, Robert Oppenheimer, Shilpa Jamkhandikar, Miral Organizations: Central Board of, Save, Universal Pictures India, Warner Bros Discovery, Thomson Locations: MUMBAI, India

☆ '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

☆ Oppenheimer's famous quote 'I am become Death' isn't really his. The ominous words come from Hindu scripture.
▼ + stars: | 2023-07-20 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

J. Robert Oppenheimer watched the first atom bomb explode and thought, "Now I am become Death." That's right," Alan Robock, a climatologist and leading expert on nuclear winter, told Insider. The mushroom cloud of the Trinity nuclear test rises over the New Mexico desert. It was the first atom bomb explosion, ever. Similarly, the new film grapples with the question of how much Oppenheimer was (or wasn't) responsible for how the US used the atom bomb, and for the people it killed.

Persons: Robert Oppenheimer, Oppenheimer, Vishnu, —, Alan Robock, Christopher Nolan's, Prince, Kenneth Bainbridge, Rev, Stephen Thompson, Gita, Leslie Groves, J, Arjuna, Lord Krishna, Krishna, Thompson Organizations: NBC, Service, Manhattan, Trinity, National Security Research, Trinity Test, Wired Locations: Wall, Silicon, New Mexico, Hiroshima, Nagasaki

☆ Who was J. Robert Oppenheimer? What you need to know before watching Christopher Nolan's biopic
▼ + stars: | 2023-07-20 | by ( Caolán Magee | ) edition.cnn.com time to read: +5 min

Director Christopher Nolan’s latest creation concerns an earlier existential threat, telling the story of the atomic bomb through the lens of its creator, J. Robert Oppenheimer – played by “Peaky Blinders” star Cillian Murphy. ullstein bild Dtl./ullstein bild/Getty ImagesWho was J. Robert Oppenheimer? Oppenheimer is widely considered the father of the atomic bomb. He quickly rose to prominence as an internationally renowned physicist, employed by the US government to create an atomic bomb to quell the threat of Nazi Germany. In the post-WWII era, as the world entered the Cold War, Oppenheimer was suspected by US intelligence of having ties with communists.

Persons: Oppenheimer ”, Christopher Nolan’s, J, Robert Oppenheimer –, “ Peaky, Cillian Murphy, Matt Damon, Emily Blunt, Florence Pugh, Robert Downey Jr, Kai Bird, Martin J, Sherwin’s Pulitzer, Robert Oppenheimer, ” Oppenheimer, Oppenheimer, Fotosearch, Adolf Hitler, Albert Einstein, Leo Szilard, Eugene Wigner, Jennifer Granholm, ” Organizations: CNN, Trinity, Los Alamos National Laboratory, United States Atomic Energy Commission, Manhattan, Institute for, Study, Committee, Atomic Energy Commission, US Department of Energy, ” Locations: New York, Nazi Germany, New Mexico, Alamogordo , New Mexico, Germany, Los Alamos , New Mexico, Hiroshima, Nagasaki, Princeton , New Jersey, Spanish

☆ The next revolution in monetary policy is underway
▼ + stars: | 2023-06-30 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

LONDON, June 30 (Reuters Breakingviews) - Monetary policy, Milton Friedman said, acts on the economy with long and variable lags. Monetary policy regimes evolve in response to the changing nature of prevailing economic challenges – though this also takes time. The next revolution in monetary policy may be brewing. One question Gopinath did not address is how the financial system came to dominate monetary policy. When contractions hit, however, central banks eased monetary policy and governments loosened their purse strings, just as before.

Persons: Milton Friedman, Gita Gopinath, Gopinath, ’, “, Peter Thal Larsen, Pranav Kiran, Oliver Taslic Organizations: Reuters, International Monetary Fund, Bank for International, IMF, Central, SVB, Signature Bank, Credit Suisse, Fed Funds, BIS, Thomson Locations: Portuguese, Sintra, Korean, United States, Europe, Central, England, London, U.S, China, Ukraine, “

☆ Eurozone Inflation Slows, but Underlying Price Pressures Persist
▼ + stars: | 2023-06-30 | by ( Patricia Cohen | ) www.nytimes.com time to read: +4 min

Growth is expected to pick up, but further increases in interest rates could act as a brake on the economy. France’s annual inflation rate fell to 5.3 percent in June, from 6 percent in May. Germany, the largest economy in Europe, saw a rise in its annual inflation rate to 6.8 percent, up from 6.3 percent in May. Inflation rates in Germany are expected to resume their fall in September. After adjusting for inflation, profits were above their prepandemic level while workers’ compensation was 2 percent below the trend in the first quarter of this year.

Persons: Gita Gopinath, Christine Lagarde, ’, Giorgia, “, Lucrezia Reichlin, Riccardo Marcelli Fabiani, Price, Lagarde Organizations: International Monetary Fund, London Business School, Oxford Economics, Ukraine — Locations: Sintra , Portugal, France, Italy, Russia, Ukraine, Germany, Europe

LONDON, June 28 (Reuters) - Western central banks have been warned this week not to quit in the final lap of their monetary tightening campaign - the hard yards households and financial markets may now find exhausting. And yet, desperate for their members not to declare premature victory in getting inflation back to 2% targets or sow an assumption above-target inflation will eventually be tolerated, central bank watchdogs are cheerleading a last push. But that's not in forecasts this time around - with U.S. and UK headline inflation rates not back to target by the end of next year and the euro zone not even by then. 'Last Mile' of disinflationBIS chart on speed of disinflation'UNCOMFORTABLE TRUTHS'And the BIS message was echoed by the International Monetary Fund (IMF) on Monday. "Monetary policy should continue to tighten and then remain in restrictive territory until core inflation is on a clear downward path," she said.

Persons: that's, Gita Gopinath, Christine Lagarde, Lagarde, Jerome Powell's, John Williams, Williams, Joseph Little, Mike Dolan, Mark Potter Organizations: Bank for International Settlements, BIS, for Economic Cooperation, International Monetary Fund, Bank's, IMF, ECB, U.S . Federal Reserve, New York Fed, U.S, Bank of England, Global, HSBC Asset Management, Reuters, Twitter, Thomson Locations: Ukraine, Portugal

☆ Morning Bid: China supports, peak rate haze
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +4 min

It made its displeasure at further yuan weakness clear on Tuesday, lifting official daily targets while state banks sold dollars. Even though investors seemed to bat away the bizarre weekend events in Russia, the murky Western interest rate picture continues to hamper European and U.S. stocks. Central bankers meeting at an annual European Central Bank forum in Portugal dissuaded markets from betting on a peak in the interest rate cycle just yet. While those comments are likely more directed at European policymakers, where disinflation is lagging, markets also still expect the Fed to push ahead with at least one more interest rate rise next month. The hawkish rate picture didn't deter demand for two-year Treasury notes at Monday's auction, however, and 2-year yields slipped below 4.70% on Tuesday.

Persons: Mike Dolan, Li Qiang, Hong Kong's, Christine Lagarde, Lagarde, Gita Gopinath, Morgan Stanley, Emelia Sithole Organizations: Federal, Economic, Bank of Japan, European Central Bank, ECB, Conference, University of Michigan's, Dallas Federal, Richmond Fed, Central Bank, Treasury, Walgreens, Reuters, Thomson Locations: U.S, China, Beijing, Tianjin, Shanghai, Russia, Portugal, Sintra

☆ Markets are pricing in rate cuts too soon, IMF's Gopinath says
▼ + stars: | 2023-06-27 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first deputy managing director of the International Monetary Fund, told CNBC Tuesday. "Now this is unlike, for instance, what several markets expect, which is that things are going to come down very quickly in terms of rates. The ECB began raising rates in July 2022 and has increased its main rate from -0.5% to 3.5% since then. Nonetheless, Fed Chairman Jerome Powell has suggested there could be at least two more rate hikes this year. In a note to clients on Friday, Nomura said it expects both the ECB and the Bank of England to announce rate cuts in about a year's time.

Persons: Gita Gopinath, Gopinath, CNBC's Annette Weisbach, Jerome Powell, Nomura Organizations: International Monetary Fund, CNBC, European Central Bank, ECB, U.S . Federal Reserve, Fed, Bank of England Locations: Sintra , Portugal, Europe

☆ Is lab-grown meat kosher or halal? Can religious vegetarians eat it? It’s complicated
▼ + stars: | 2023-06-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

But first, the practical perspective: Neither company has yet had its US-approved cultivated chicken product certified as halal or kosher. Religious and ethical vegetariansBecause cell-cultured meat is developed from animal cells, it’s not considered vegetarian by Upside Foods or Good Meat. But people who don’t eat meat for animal welfare or environmental reasons may want to give cultivated meat a try. In this case, the question of whether cultivated meat is considered meat, from a religious perspective, is significant. For cultivated meat to be considered kosher, it “would require that it came from a kosher slaughtered animal.” Chicken that is grown from cells taken from a kosher, unfertilized egg would be considered kosher, he said.

Persons: it’s, Mat McDermott, ”, McDermott, Hare Krishnas, Lord Krishna, Anuttama Dasa, Mohammad Hussaini, Hussaini, kashrut, Menachem Genack, ” Genack, David Lau, Didier Toubia, Toubia, “, There’s Organizations: New, New York CNN, USDA, Inc, Foods, Hindu American Foundation, ISKCON, International Society, Krishna, American Halal Foundation, OU, CNN Locations: New York, United States, Israel, Persian Gulf, Southeast Asia

☆ IMF's Gopinath: Uncertainty means ECB interest rates should stay higher for longer
▼ + stars: | 2023-06-27 | 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 EmailIMF's Gopinath: Uncertainty means ECB interest rates should stay higher for longerGita Gopinath, first deputy managing director of the International Monetary Fund, discusses the IMF's outlook for further ECB rate hikes, and the external risk factors putting pressure on central banks.

Persons: Gita Gopinath Organizations: International Monetary Fund

June 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Wall Street closed in the red on Monday - the Nasdaq shed more than 1% for the third trading day in four - and the U.S. yield curve inversion accelerated to near-historic levels. But inflation and policy concerns are driving sentiment more than geopolitical fears. The Bank for International Settlements on Sunday called for more rate hikes, warning the world economy is at a crucial juncture in the fight against inflation. The International Monetary Fund's Gita Gopinath said on Monday investors may be overly optimistic on the speed and cost of taming inflation.

Persons: Jamie McGeever, Gita Gopinath Organizations: Kremlin, Nasdaq, Swiss, Bank for International, U.S, JSR, Japan Investment Corp, ECB, Thomson, Reuters Locations: Russian, U.S, Japan, Canada, Sintra, Portugal

☆ IMF's Gopinath warns AI risks 'substantial disruptions' in jobs markets- FT
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - IMF First Deputy Managing Director Gita Gopinath has warned of "substantial disruptions in labour markets" stemming from generative artificial intelligence and called on policymakers to quickly craft rules to govern the technology, the Financial Times reported on Monday. "We need governments, we need institutions and we need policymakers to move quickly on all fronts, in terms of regulation, but also in terms of preparing for probably substantial disruptions in labour markets," Gopinath said in an interview to FT.She also advocated for governments to bolster "social safety nets" for workers affected by the adoption of AI, while working on tax policies that do not reward companies replacing employees with machines. Gopinath cautioned policymakers to be careful in case some corporations emerge with an unassailable position in the new technology. "You don't want to have supersized companies with huge amounts of data and computing power that have an unfair advantage," Gopinath told the newspaper. Reporting by Kanjyik Ghosh in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Gita Gopinath, Gopinath, Kanjyik Ghosh Organizations: Financial Times, Thomson Locations: Bengaluru

☆ Opinion: What Oppenheimer’s reading list can teach us
▼ + stars: | 2023-06-04 | by ( Jane Carr | Opinion Jane Greenway Carr | ) edition.cnn.com time to read: +15 min

Oppenheimer’s list of books included works by Plato, mathematician Bernhard Riemann and scientist Michael Faraday, and the “Bhagavad-Gita,” with which he has famously long been associated. What happens when the inner workings and potential reach of scientific inventions are unknown, even to the human beings who create them? Still, Pride is also a time to revel in culture’s power to transform, sustain and bring joy to LGBTQ communities. But Medvedev knows that above all else he needs Putin to think of him as unequivocally loyal and useful. What it will do is help 40 million borrowers who, like me, were drowning in debt and need immediate relief.

Persons: Robert Oppenheimer, ” Oppenheimer, Plato, Bernhard Riemann, Michael Faraday, William Shakespeare’s “, ” Charles Baudelaire’s “, Fleurs, Mal ”, Eliot’s, Oppenheimer, ” Matthew Zapruder, ”, William Carlos Williams, Nick Anderson, ChatGPT, Stuart Russell, Jessica Chia, Bethany Cianciolo, Russell, isn’t, ” Russell, “, Clay Jones, Joe Biden, John Avlon, Kevin McCarthy, McCarthy, Joel Pett, Poppy Harlow, James Comey, Donald Trump, Republicans ’, MAGA, Julian Zelizer, Zelizer, Trump, Kayleigh McEnany, Rob Finnerty, Matt Wolking, Cupp, McEnany, that’s, Kayleigh, Pride Luciano, Sereno, Luciano Vecchio, It’s, ” Vecchio, “ Sereno, Dmitry Medvedev, Vladimir Putin, Russia’s, Frida Ghitis, Medvedev, Putin, ” Medvedev “, Michael Bociurkiw, Biden, Sophia A, Nelson ., Nelson, it’s, …, Brandon Bell, Jill Filipovic —, —, Filipovic, we’ve, ” Don’t, Keith Magee, Kara Alaimo, James Moore, Texas GOP Tess Taylor, Lala Tanmoy Das, Alex Soros, Scottie Pippen can’t, Jordan, Scottie Pippen, Nathaniel S, Butler, NBAE, Michael Jordan, ” Pippen, Charles Barkley, Phil Jackson —, Will Leitch, ” Leitch, Pippen, Leitch, There’s Organizations: CNN, Manhattan, American, Committee, Tribune, Agency, Biden, Republicans, Trump, GOP, Luciano Vecchio Pride, United, AFP, Russia’s Security, Republican, Texas GOP, Philadelphia 76ers, Getty, NBA Locations: Berkeley, Iowa, revel, it’s, Argentina, United Russia, United Kingdom, Russia, Houston City, America, European, Texas

☆ IMF's Gopinath sees 'sizeable' upside inflation risks, says markets too optimistic
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +3 min

2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that markets were probably "too optimistic" about what it would take to bring down inflation in emerging markets. "Despite encouraging signs, I am worried that price pressures seem entrenched in many economies and that upside inflation risks are sizeable," she said in remarks prepared for the event. That was a lesson learned from the high inflation period of the 1970s and it "very much applies today," Gopinath said. But these countries still faced "considerable downside risks" from monetary policy tightening in advanced economies, and conditions may get "significantly worse," she said.

☆ A recession is coming — and stock markets won't come through it unscathed, strategist says
▼ + stars: | 2023-04-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market. Speaking to CNBC's "Squawk Box Europe" on Friday, Chris Watling said he believed a recession was on its way, citing what he described as "pretty compelling" and "brutally bad" leading economic indicators. The Conference Board on Thursday said its Leading Economic Index for the U.S. fell by 1.2% in March, slipping to its lowest level since November 2020. The data appeared to indicate that economic weakness could soon intensify and spread throughout the U.S. economy. "Every time you've had that in the U.S., you've had a recession.

Her comments were echoed by others who feel the narrative shared by three top central banks of relatively cost-free disinflation rests on shaky ground. Among the Fed, ECB and BoE, only the British central bank projects a recession will be needed to slow inflation - only a mild one at that. U.S. central bank officials have split the difference, projecting a modest one-percentage-point rise in the unemployment rate this year from its near-historic low of 3.5%, and slow, but continued, economic growth. Martins Kazaks, Latvia's central bank chief, said the risk of a recession was still "non-trivial," with a host of factors still putting pressure on prices. For the Fed, different policymakers offer different ideas about the forces that will lower inflation as high interest rates slowly cool demand.

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