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☆ AI is going to eliminate way more jobs than anyone realizes
▼ + stars: | 2023-08-14 | by ( Emil Skandul | ) www.businessinsider.com time to read: +16 min

We didn't see the internet coming, but AI is within viewThe adoption of groundbreaking technology is often hard to predict. The World Economic Forum estimated 83 million jobs worldwide would be lost over the next five years because of AI, with 69 million jobs created — that leaves 14 million jobs that will cease to exist during that timeframe. In the US, the knowledge-worker class is estimated to be nearly 100 million workers, one out of three Americans. The small and large compounding effects of productivity growth across many industries are central to the growth trajectory and the long-run effects of AI. This is an alarmingly trivial amount for an economy of $25 trillion GDP and over 150 million workers.

Persons: Goldman Sachs, Joseph Schumpeter, Bill Gates, David Letterman, Paul Krugman, Erik Brynjolfsson, —, Brynjolfsson, Robert Solow, Robert Gordon, provocatively, It's, Gordon, David Autor, Maria Flynn, Flynn, –, Georgia –, Emil Skandul, Tony Blair Organizations: McKinsey, Newsweek, Stanford University, Microsoft, Amazon, Cisco, Economic, International Labor Organization, Organization for Economic Co, Development, MIT, Congressional, Office, Department of Labor, Tony Blair Institute Locations: Washington, Singapore, New York, Georgia

☆ Uxbridge by-election: In Boris Johnson's back yard, Britons are desperate for a change
▼ + stars: | 2023-07-18 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

A mid-term by-election to replace Johnson is taking place on Thursday, alongside two other by-elections to replace MPs elsewhere in the country. Boris Johnson is seen on a walkabout in Uxbridge in 2020, during his time as prime minister. Inside, the owner told CNN: "They're all the same ... Johnson’s company ran the first major opinion poll ahead of the Uxbridge by-election, which found a solid but assailable eight-point lead for Labour. Labour leader Sir Keir Starmer (far right) and Shadow chancellor Rachel Reeves (right) on a campaign visit with Danny Beales, the local Labour candidate (back center).

Persons: Mike Okoli, ”, Okoli, Boris Johnson –, Johnson, “, ” Okoli, Rob Picheta, CNN Johnson, Manoj Supeda, I’ve, hasn’t, ‘, ’ He’s, Supeda, Johnson’s, ” Supeda, “ It’s, ” Manoj Supeda, Tony Blair, Labour's, Brexit, CNN Okoli, he’s, “ I’ve, Sonia Caetano, Boris Johnson, Stefan Rousseau, there’s, ” Caetano, Danny Beales, We've, Caetano, Keir Starmer, Steve Reed, Piers Corbyn, Jeremy Corbyn, Steve Tuckwell, ” Tuckwell, Reed, ” Reed, They’re, Mick, Starmer, “ We’re, we’re, ” James Johnson, Theresa May’s, Sir Keir Starmer, Rachel Reeves, ” Tracy Peabody Organizations: United Kingdom CNN, European Union, CNN, Labour Party –, Tories, Labour, Conservatives, Britain, Uxbridge, Beales, London’s Labour, Conservative, Hillingdon Hospital, CNN ‘ Labour, “, Press Association Locations: Uxbridge, United Kingdom, Nigeria, Caribbean, London, South Ruislip, Britain, “, Okoli, Portuguese, Yiewsley, Portugal, Covid, Ukraine, Hillingdon, Ruislip Manor

☆ UK Labour leader defends plan to stick with two-child welfare cap
▼ + stars: | 2023-07-18 | by ( Andrew Macaskill | ) www.reuters.com time to read: +2 min

LONDON, July 18 (Reuters) - Britain's opposition Labour Party Leader Keir Starmer on Tuesday defended his pledge to keep a controversial limit on welfare support payments for children if his party wins a general election expected next year. Starmer, whose party enjoys a double-digit lead over the Conservatives in opinion polls, is trying to convince voters that Labour would not be reckless with government money. The Conservatives have accused Labour of being reckless with public money and Starmer's comments are seen as an attempt to avoid that criticism. Starmer, at the event in London organised by former prime minister Tony Blair, said the economic turmoil during last year's brief premiership of Liz Truss underlined the need for careful spending. Truss was forced to resigned after six weeks as prime minister after announcing a series of unfunded tax cuts that shattered Britain's reputation for financial stability.

Persons: Keir Starmer, Starmer, Tony Blair, Liz Truss, Truss, Andrew MacAskill, William James Our Organizations: Labour Party, Labour, Conservative Party, Poverty, Thomson Locations: London

☆ Berlusconi leaves control of family business to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly worth around 53% in the Fininvest family holding company, the source said, confirming an earlier report from ANSA news agency. Marina chairs Fininvest while Pier Silvio has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which has long been the jewel in the family's crown. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business. Berlusconi, who founded a business empire based on real estate and then television, died in Milan.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Silvio, Barbara, Eleonora, Berlusconi, Paolo, Marcello Dell'Utri, Fascina, Milan's, Villa San, Villa, Costa, Vladimir Putin, Tony Blair, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Fininvest SpA, Reuters, Forza Italia, Italian Serie A, Monza, Villa, British, Thomson Locations: Milan, Italy, Marina, Fininvest, Raffaele, Italian, Villa San Martino, Arcore, Russian

☆ Glenda Jackson: Two-time Oscar-winning actress and former politician dies at age 87 - PA
▼ + stars: | 2023-06-15 | by ( ) edition.cnn.com time to read: +1 min

CNN —Two-time Oscar-winning actress and former UK politician Glenda Jackson “died peacefully” after a brief illness at the age of 87, her agent confirmed, according to PA Media. Born in the western town of Birkenhead in England in 1936, Jackson joined an amateur theater group as a teenager before winning a scholarship to the Royal Academy of Dramatic Art in London. After graduating she starred on London’s West End and made her Broadway debut in 1965 in a production of “Marat/Sade.”The screen followed. She was an MP for 23 years, during which her party came to power in a landslide under former Prime Minister Tony Blair. This is a breaking news story.

Persons: Oscar, Glenda Jackson “, Jackson, “ Marat, Sade, Oliver Reed, ”, Tony Blair Organizations: CNN, PA Media, Royal Academy of Dramatic Art, Broadway, Labour Locations: Birkenhead, England, London, Love

☆ Glenda Jackson, British actor turned politician, dies aged 87
▼ + stars: | 2023-06-15 | by ( Elizabeth Piper | ) www.reuters.com time to read: +5 min

Raw-boned, pallid and angular, with striking, sharp eyes, she had starred on stage, television and film before quitting to take up politics, declaring: "An actor's life is not interesting". Jackson also won two Emmy awards for her portrayal of England's Queen Elizabeth I in the BBC's 1971 television series "Elizabeth R". After more than three decades on stage and film, Jackson quit acting and took her no-nonsense, straight-talking style into politics. In 1992, at the age of 55, Jackson won a seat in parliament representing the left-of-centre Labour Party in a constituency in north London. In parliament, Jackson was vociferous in her condemnation of the Conservative Party which she accused of instilling a "dreadful, dreadful moral malaise" in Britain.

☆ Biden set to host Rishi Sunak for British PM’s first White House visit
▼ + stars: | 2023-06-08 | by ( Kevin Liptak | ) edition.cnn.com time to read: +7 min

Stability in 10 Downing Street has allowed for better coordination on Ukraine, according to officials, and helped resolve a festering dispute over Northern Ireland trade rules. Ahead of the visit, Sunak cast his economic objectives as directly linked to the security agenda. When Biden met Sunak in San Diego earlier this year, he made reference to the condo the Stanford MBA graduate maintains in California. Yet that meeting was only a brief chat over tea; Biden spent most of his visit to Ireland exploring his ancestral roots. Sunak has been lobbying for the British defense secretary Ben Wallace, but other candidates are also thought to be under consideration.

Persons: Rishi Sunak, Joe Biden, Sunak’s, Sunak, ”, He’s, “, Donald Trump, Biden, ” Biden, Few, Ronald Reagan, Margaret Thatcher, George W, Bush, Tony Blair, Barack Obama, David Cameron, bro ”, Biden’s, Thatcher, Boris Johnson, Liz Truss, Ben Wallace Organizations: CNN, United, Prime, Sky News, US, Russia, Britain, British, EU, Stanford, European Union, Group, White House, Biden, Northern Ireland, Downing Locations: Ukraine, Northern Ireland, Russia, Nova, Thursday’s, Washington, Ukraine’s Kherson, Europe, Silicon Valley, lockstep, London, San Diego, California, Britain, Japan, Belfast, Northern, Ireland

CNN —At first glance, the idea of a former NFL legend and a former US Women’s National Team star wanting to bring “global eyeballs” to an English soccer club might seem an unusual ambition. Its inhabitants have also been hit particularly hard by the UK’s cost of living crisis, which hasn’t been lost on JJ Watt and his wife, Kealia. “Burnley is a special club. “All I want to do is help tell their story. “The success of the football club this year has given such a boost to Burnley and the surrounding area.

☆ Rishi Sunak’s party just took a pounding in UK local elections. The road to recovery is steep
▼ + stars: | 2023-05-05 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

And they made grim viewing for a man hoping to lead his Conservative Party back to power in just over a year’s time at the next UK general election. With nearly three-quarters of results declared by late afternoon on Friday, the Conservatives had shed 35 local authorities and more than 600 councilors. Prime Minister Rishi Sunak's Conservative Party suffered a drubbing at local elections. They are downplaying the local elections and pointing out that Labour would still need a swing bigger than Tony Blair achieved in 1997 to win a majority of just one seat. The Conservative Party has developed a taste for regicide since 2016.

☆ Opinion | They Wrecked Britain, and They’re Not Going Anywhere
▼ + stars: | 2023-04-27 | by ( Samuel Earle | ) www.nytimes.com time to read: +2 min

LONDON — As Britain prepares for the coronation of its new king, an end-of-days feeling is sweeping the nation. The Conservative Party is polling 15 points behind the opposition, and the popularity of Prime Minister Rishi Sunak, the Conservatives’ fifth leader in seven years, remains obstinately low. No matter what happens in the next election, the historic vessel of Britain’s ruling class is not going anywhere. By many accounts, the Conservative Party is not just the oldest but also the most successful political party in the world. Next year, Tony Blair will be the only Labour leader to have won an election in half a century.

☆ UK growth hinges on more than a new pension giant
▼ + stars: | 2023-04-19 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

Politicians and financiers think a consolidation of the country’s pension funds would breathe new life into its stocks, startups and infrastructure. Meanwhile, there is no doubt that UK defined-benefit pension funds, company-sponsored plans that promise a specific payment upon retirement, have moved away from UK equities. The proposals also entail creating a 100 billion pound pension fund, modelled on the Canada Pension Plan Investment Board, a retirement giant with $536 billion assets under management. Overall, some 19% of these funds’ assets are in UK stocks, according to the Pensions Policy Institute. If UK assets can yield the risk-adjusted returns offered by other assets, pension funds will join in too.

☆ 'Unfinished business': Biden visits Northern Ireland as political tensions persist
▼ + stars: | 2023-04-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

He will give a speech in Northern Ireland on Wednesday, before traveling south of the border to the Republic of Ireland, where he will remain until Friday. Northern Ireland is part of the U.K. while the Republic of Ireland is a separate nation state that remains part of the EU. "Whilst it's positive in many ways — particularly on movement of food and medicines between Great Britain and Northern Ireland, it really removes a lot of the frictions — it doesn't deal with all the problems of the Northern Ireland protocol, so I'm afraid it's unfinished business," Villiers told CNBC's Tania Bryer. Clinton became the first sitting U.S. President to visit Northern Ireland and the first to appoint a U.S. special regional envoy. Though Biden is expected to use the trip to promote a return to functioning government in Stormont, his previous support for the Northern Ireland Protocol has drawn criticism from DUP politicians.

☆ The long road to Northern Ireland's Good Friday Agreement
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Jason Cairnduff/File PhotoApril 3 (Reuters) - On April 10, Northern Ireland marks the 25th anniversary since the signing of the Good Friday Agreement, which largely ended three decades of conflict in the British-ruled province. The new Northern Ireland parliament, at Stormont outside Belfast, is dominated by pro-British Protestant "unionists", who will control it for the next 50 years. Nov. 30, 1995 - U.S. President Bill Clinton visits Northern Ireland. May 30, 1996 - Elections held for a Northern Ireland forum ahead of all-party talks. April 10, 1998 - After negotiations continue through the night, the Good Friday Agreement, also known as the Belfast Agreement, is signed.

[1/3] Prime Minister Tony Blair (R) embraces Irish Prime Minister Bertie Ahern after all parties reached a historic peace agreement April 10, 1998. The peace has utterly transformed the region, largely ending three decades of bitter violence that killed 3,600. "Nothing's ever irresolvable" said Blair, summing up the stubborn optimism many developed working in Northern Ireland at the turn of the millennium. Nationalists, who are mostly Catholic, say Northern Ireland was wrenched from the EU in a UK-wide vote even though its smallest region voted 56% to 44% to remain. "There is an exhaustion and frustration," at the DUP's repeated objections, said Ahern, Irish prime minister from 1997-2008.

☆ Former UK PM Blair on Good Friday talks 25 years on
▼ + stars: | 2023-04-03 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsFormer UK PM Blair on Good Friday talks 25 years onPostedA quarter of a century after unpalatable compromises ended decades of bloodshed in Northern Ireland, former British Prime Minister Tony Blair said the Good Friday talks were an "extraordinary rollercoaster."

☆ BBC engulfed in an impartiality storm of its own making
▼ + stars: | 2023-03-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +12 min

“There is a long-established precedent in the BBC that if you’re an entertainment presenter or you’re a football presenter, then you are not bound by those same rules” on impartiality, former director-general Greg Dyke told BBC Radio 4 over the weekend. BBC Director General Tim Davie has made protecting impartiality one of his major priorities. Oli Scarff/AFP/Getty ImagesMore problematic still is that the same thorny questions about impartiality extend to the BBC’s leadership. “It’s a mess, isn’t it?” former BBC executive Peter Salmon told the cooperation’s flagship political presenter Laura Kuenssberg on Sunday. “He’s got views, he’s got passions … it may be that Gary has outgrown the job, and his role in the BBC.”

☆ Why Everyone Is Moving to Florida: Jobs, Economy, Cost of Living, Taxes
▼ + stars: | 2023-03-09 | by ( Emil Skandul | ) www.businessinsider.com time to read: +12 min

For other states to compete, they will need to pay attention to what Florida is doing right. Floridians pay no income tax and fewer taxes overall than people in states like New York, California, or Massachusetts. But a low tax rate isn't the only thing people care about. Despite having a budget half the size of New York's and a larger population, Florida, by many metrics, is able to do significantly more with the taxes it collects. Florida is also outshining New York and other major population centers in tackling the soaring cost of housing.

☆ Explainer: What is the Good Friday Agreement and when was it signed?
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +6 min

Feb 23 (Reuters) - The Good Friday Agreement largely ended the "Troubles", three decades of violence that had racked Northern Ireland since the late 1960s. It was signed on April 10, 1998 - which fell that year on Good Friday in the Christian Easter holiday. The deal was formally two interlinked agreements: a treaty between the British and Irish governments and an agreement between the Northern Irish parties. "North-south" bodies were created to encourage cooperation between Northern Ireland and Ireland, while "east-west" institutions linked Britain and Ireland. Overall, Northern Ireland has enjoyed peace for much of the 25 years since the agreement was signed, with only a small number of splinter groups involved in sporadic attacks.

☆ Jacinda Ardern gives supply shortage new meaning
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 19 (Reuters Breakingviews) - Jacinda Ardern has risen to the top of headhunters’ must-call list. Her contacts, international profile, and social-justice nous are skills corporates, charities and supranational organisations treasure in board members and advisers. Her administration’s push to legalise abortion and to enact climate change legislation gives her serious ESG clout. (By Antony Currie)Follow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Bankman-Fried and unnamed co-conspirators made "tens of millions of dollars in illegal campaign contributions" to both Democratic and Republican candidates and campaign committees, Damian Williams, the U.S. attorney for Southern New York, said at a news conference unveiling the eight-count criminal indictment, which included a campaign finance violation charge. "And all of this dirty money," Williams said, was used to "buy bipartisan influence and impact the direction of public policy in Washington." FTX boss Sam Bankman-Fried is escorted by police officers as he leaves court in Nassau, Bahamas on Dec. 13, 2022. The indictment alleges he also made illegal contributions through a corporation, which it does not name. Once believed to be a financial wunderkind, Bankman-Fried also faces a host of other charges.

☆ Remote Work Is Gutting Downtowns, Will Cost Cities $453 Billion
▼ + stars: | 2022-12-06 | by ( Emil Skandul | ) www.businessinsider.com time to read: +13 min

Even 2 1/2 years later, most city downtowns aren't back to where they were prepandemic. Without more-robust policies to address failing downtowns, cities are going to start hurting. The increased cancellations of office leases have cratered the office real-estate market. Since 2016, only 112 commercial office spaces in the US have been converted, while 85 projects are underway or have been announced, according to CBRE's data. The birth of the central social districtTo avoid a commercial real-estate apocalypse, cities will need to streamline conversions.

☆ Iran's state media denies abolition of 'morality police' as three-day strike begins
▼ + stars: | 2022-12-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

Atta Kenare | Afp | Getty ImagesSome Western media outlets are facing backlash from Iranian activists over headlines printed Sunday saying that Iran was abolishing its "morality police." Many Iranian anti-government activists now feat it will distract from three days of major strikes around the country. What's more, the higher branches of Iran's government have not confirmed it, and Iranian state media has denied any abolition of the morality police. "In reality morality police have been inactive since protests started, but there is no substantive news on their future." "This disinfo was propagated today to distract media attention from the 3 days of major protests in Iran which begin tomo.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ The Twitter office responsible for complying with European misinformation laws has been shut down after Elon Musk's layoffs
▼ + stars: | 2022-11-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter has closed down its office in Brussels, the home of the EU, per the Financial Times. Its digital policy chiefs, who had been working to comply with new misinformation laws, left the company last week. The pair worked on Twitter's compliance with landmark Big Tech laws which came into effect in the EU last week. Vera Jourova, the EU vice-president who's in charge of the disinformation code, told the Financial Times she was concerned about the closing of the Brussels office. But now the Brussels office has closed its doors, Twitter's relationship with the EU will be tested.

☆ Almost 140,000 people paid for a Twitter Blue subscription in just 5 days, including far-right influencers and adult performers, report says
▼ + stars: | 2022-11-24 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A software developer found over 137,000 people paid for Twitter Blue, the New York Times reported. The typical Twitter Blue subscriber had 560 followers and many were far-right accounts. Many Twitter Blue subscribers were far-right influencers like Kenosha shooter Kyle Rittenhouse, Libs of TikTok, and Catturd2. Musk's Twitter Blue subscription rollout has been marked by chaos the past month. On Monday, Musk said the Twitter Blue relaunch is on hold till the platform can resolve impersonation issues with "high confidence."

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