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☆ Exclusive: G7 summit statement to target China's 'economic coercion'
▼ + stars: | 2023-05-13 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

The main G7 statement is set to include "a section specific to China" with a list of concerns that include "economic coercion and other behavior that we have seen specifically from the [People's Republic of China]," the official said on Friday. A separate "economic security statement will speak more to tools" used to counter coercive efforts from any countries responsible, including planning and coordination, the person said. The joint statement issued by all the G7 leaders every year is intended to signal that the powerful countries are aligned on a range of political and economic issues. CHINA TESTS G7 ALLIANCEThe G7 meeting will be a test of how much the members, all rich democracies, can agree on a common approach to China, the world's second largest economy. Traveling for the G7 finance meeting in Japan, U.S. Treasury Secretary Janet Yellen said on Thursday that China had clearly used economic coercion with Australia and Lithuania.

☆ How non-compete clauses cost Americans $300 billion a year
▼ + stars: | 2023-05-07 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

The debate over the use and abuse of non-compete has come to a head, with the Federal Trade Commission proposing a new ban on non-competes. The FTC estimates that a ban on non-competes would expand career opportunities for 30 million Americans and increase wages by nearly $300 billion annually. Non-compete contracts were initially given to executive-level employees as a means to protect trade secrets. It is estimated that 18% of U.S. workers are bound by non-compete contracts. Watch the video above to learn more about the FTC's battle to ban non-compete contracts

☆ The New York Sun hires former News Corp. exec and MailOnline boss Noah Kotch
▼ + stars: | 2023-04-05 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +2 min

The New York Sun has hired online and television news veteran Noah Kotch as managing editor. Kotch will work with editor Seth Lipsky to grow the newsroom and find new audiences. The New York Sun, a conservative-leaning online newspaper, has hired former top News Corp. executive Noah Kotch as managing editor, the company confirmed. Kotch was most recently general manager at News Corp., where he worked on projects such as AI-powered news aggregator Knewz. In a brief phone interview Efune said The New York Sun is about "principle over politics and people over party."

He now faces renewed criticism over his agenda at the Fed, where he oversaw efforts to reduce regulations on regional banks. U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, leaving them with higher funding costs. In 2008, regulators had to contend with billions of dollars in toxic mortgages and complex derivatives sitting on bank books. Currently, regional banks below $250 billion in assets have simpler capital, liquidity and stress testing requirements. "SVB is not a very complicated bank," said Dan Awrey, a Cornell Law professor and bank regulation expert.

☆ Rep. George Santos' press secretary said she fields endless angry calls, gets dirty looks on the Hill, but still thinks her boss is a 'borderline genius'
▼ + stars: | 2023-02-13 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Insider interviewed Rep. George Santos' 24-year-old press secretary, Gabrielle Lipsky. The scandal-ridden lawmaker is facing calls to resign, but Lipsky still thinks he's a "borderline genius." Compared to Gabrielle Lipsky, the 24-year-old press secretary for embattled congressman George Santos, we probably have it easy. Being the press secretary for a member of Congress was always likely to involve long hours, challenging work, and lots of stress. Despite all this, Lipsky says that working for Santos, who she claims is a "borderline genius," is an invaluable learning experience.

☆ Pandemic-era stigma cost Asian restaurants $7.4B in lost revenue, new study finds
▼ + stars: | 2023-01-26 | by ( Angela Yang | Angela Yang Is An Intern For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Stigma against Chinese cuisine in the first year of the pandemic cost Asian restaurants in the United States an estimated $7.4 billion in lost revenue in 2020, a recent study found. In a year in which tens of thousands of restaurants closed and many barely scraped by, the study — published online last week in the journal Nature Human Behaviour — reported that Asian restaurants across the country lost 18.4% more in foot traffic than other restaurants in 2020. Prominent reports of anti-Asian racism, from harassment to direct violence, flooded the country in the years after the pandemic’s outbreak. What was particularly surprising to Krupenkin, however, was that Asian restaurants that were not Chinese suffered an even greater decrease in traffic than Chinese restaurants. After investigating this spillover of consumer discrimination, her team found that many people simply couldn’t tell different Asian cuisines apart.

☆ Jony Ive on Life After Apple
▼ + stars: | 2022-11-02 | by ( Elisa Lipsky-Karasz | Photography Alasdair Mclellan For Wsj. Magazine | ) www.wsj.com time to read: 1 min

I can always write an awful lot that I can’t draw,” Jony Ive , the mastermind behind Apple ’s most revolutionary products, says as he holds up a Space Age–style coffee cup. “If I draw this, it only captures certain attributes.”Ive is sitting in the garden of a Pacific Heights carriage house high in the San Francisco hills, a building he converted into a private studio and occasional crash pad for friends. Apart from the cup—devised by Ive’s business partner and fellow designer, Marc Newson, and made by the Japanese brand Noritake—Ive designed nearly every indoor and outdoor element of this deceptively simple space, down to the gray marble bathroom sink and the garden’s round, rough-hewn stepping stones.

☆ The Fed is going to continue to be data dependent, says NBER Chair John Lipsky
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is going to continue to be data dependent, says NBER Chair John LipskyNBER Chair John Lipsky, joins 'Closing Bell' to discuss Fed Chair Jerome Powell's monetary policy moves going forward, Fed funds futures markets and potential signs of weakness in the jobs report.

Laurene Powell Jobs doesn’t tend to court the limelight. Over the past decade, she’s given only 10 interviews for publication. So why speak now, when there’s hardly a pressing reason for her to take the public stage? “My main reason is to cut through the misunderstanding and misconceptions,” says Powell Jobs—the ones about her 11-year-old organization, Emerson Collective, which is part philanthropy, part Sand Hill Road venture-capital powerhouse, part artistic patronage and part immigration-education-environmental advocacy group. It doesn’t help that most of Emerson’s giving has been anonymous, she says.

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