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[1/2] Former Bombe operator Jean Valentine touches a British Turing Bombe machine in Bletchley Park Museum in Bletchley, central England, September 6, 2006. - Bletchley Park was the site where the world's first programmable digital computer Colossus was developed by British codebreakers. - Notable Bletchley Park codebreakers include mathematician Alan Turing who played a key role in cracking the Enigma code and is often considered the 'father of computer science'. The unit, called the Government Code and Cypher School (GC&CS), moved to Bletchley Park in 1938. - Bletchley Park staff began to disperse after Victory in Europe Day (VE Day) and Victory over Japan Day (VJ Day) with some continuing to work with GC&CS while many others went back to civilian life.
Persons: Jean Valentine, Alessia, Alan Turing, Turing, Irving John, Jack, Good, Donald Michie, Farouq Suleiman, William Maclean Organizations: Bletchley Park Museum, REUTERS, Bletchley, Bletchley Park, Cypher, CS, Victory, Japan, GC, Government Communications Headquarters, MI5, Secret Intelligence Service, Thomson Locations: Bletchley, England, Britain, Milton Keynes, London, British, Europe, Victory
The chosen location for the two-day conference has a special association with the man considered by many to be the father of modern computer science, Alan Turing. Before 1938, Bletchley Park was a mansion in the Buckinghamshire countryside built for a politician during the Victorian era. "What Alan Turing predicted many decades ago is now coming to fruition," she said, referring to his research into machine learning. "What happened at Bletchley Park eighty years ago opened the door to the new information age," Donelan said. Since then, men and women cautioned or convicted under historical homosexuality legislation were pardoned under what is known as the "Alan Turing law."
Persons: It's, Alan Turing, , Elon Musk, Sam Altman, Kamala Harris, Rishi Sunak, Goldman Sachs, who's, Turing, Michelle Donelan, Connor Leahy, Hollie Adams, Lorenz, Donelan Organizations: Bletchley, Service, AI, Guardian, Google, University of Manchester, Trust, Getty, National Museum of Computing Locations: England, London, Bletchley, Buckinghamshire, Poland
That’s very different than how Google defines Flatbush:Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readers Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readersLet’s look closely at Brooklyn’s Prospect Heights, which has mostly sharp edges and one very blurry one:Sharp prospect heights Sharp blurry Sharp Prospect Park Sharp prospect heights Sharp blurry Sharp Prospect Park Crown heights Prospect Park Crown heights Prospect Park prospect heights ? Crown heights Prospect Park prospect heights ? Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 80% 60 Black 40 White 20 2000 2022 80% Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 60 Black 40 White 20 2000 2022 Source: Furman Center, N.Y.U. prospect heights Condo for sale crown heights Prospect Park prospect heights Condo for sale crown heights Prospect ParkStreetEasy lists the unit as being in Crown Heights. A local grocery store on Classon Avenue — two blocks east of Washington,prospect heights Key Food Prospect Heights crown heights Prospect Park prospect heights crown heights Key Food Prospect Heights Prospect Parkused to be called Gala Fresh Farms.
Persons: Van, Obeid, , It’s, who’s, New, Casey Berkovitz, Mr, ’ you’re, , Yemen ’, ” Mr, ” Long, Robert Moses ’ Brooklyn, Red, , ” Colson Whitehead, Readers, Fort Greene, Tubby, ., Red Hook, Hook, Whitehead, we’ll, Douglas Elliman, ” “, streeteasy, Xavier Santiago, it’s, Suleiman Osman, Rambo, Ross Perlin, Perlin, Sures, Yemen hasn’t Organizations: Kennedy, Google, Bronx Zoo, East Harlem —, Carnegie, Brooklyn, New York Times, Times, Richmond Hill, city’s, Department, Bronx . The Bronx Muslim, Bushwick :, Stuyvesant Bushwick, Powell, soho tribeca, New York Public, Queens Expressway, Yorkers, steinway, Queens, Navy, Waterfront District, Fort, Brooklyn - Queens, Yorker, Bushwick, Jersey Silver, Park New Jersey Silver, Prospect, White, Furman Center, Sterling, East, Manhattan’s, brooklyn South brooklyn South brooklyn South brooklyn, Liberty Loan, Carroll Gardens, , brooklyn ”, Language Alliance, East Harlem, Washington Locations: New York City, Bronx, Morris, New York, Little Yemen, Manhattan, East, Sugar, Clinton, Rose, Richmond, Todt, Lenox, Forest, Cypress Hills, Murray, Yemen, , Brooklyn, Bushwick, Bushwick : Bushwick Bedford, Stuyvesant Bushwick Bedford, Stuyvesant, Windsor Terrace, windsor, Green, kensington, Queens, Point, Flushing, Powell, Lower Manhattan, TriBeCa, SoHo, Houston, soho, Hudson, Lispenard, Queens Expressway Brooklyn, Astoria, Woodside, Jackson Heights, astoria, sunnyside Brooklyn, Dumbo, Columbia, Red Hook, williamsburg, columbia, carroll, Red, Fort Greene Park Brooklyn, Queens Expressway columbia, Williamsburg, greenpoint East, Queens Expressway williamsburg, greenpoint East River williamsburg Brooklyn, East Williamsburg, , BoCoCa, Hamilton Heights, Greenwood Heights, Hudson Heights, Lincoln, Bridges, Carnegie Hill, Manhattan Valley, SpaHa, Village, Bedford, Kingsbridge, Riverdale, Fort, Inwood, Inwood washington, chelsea, greenpoint tribeca williamsburg ridgewood kew, brooklyn, bushwick, Soho ridgewood kew, Sheepshead, Shore, Staten Island, Jersey, Park New Jersey, Flatbush, Prospect, Prospect Heights , Brooklyn, Heights , Brooklyn, Prospect Heights, Crown, Washington, Classon, Crown Heights, Side, East Harlem, harlem, Harlem, Central, streeteasy, carnegie, South Brooklyn, Carroll, Revolutionary, Boerum, Cobble, South Bronx, Spanish Harlem, South Harlem, Lower, Loíza, Puerto Rico, Language, Barrio, Puerto Rican, Hispaniola, Dominican, Washington Heights
Why Trump Is Right About Tariffs
  + stars: | 2023-10-27 | by ( Oren Cass | ) www.wsj.com   time to read: +1 min
President Donald Trump at a Whirlpool manufacturing facility in Ohio, Aug. 2020. Photo: Scott Olson/Getty ImagesEconomists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industrial colossus, the U.S. imposed some of the world’s highest tariffs, which were the primary means of funding the federal government.
Persons: Donald Trump, Scott Olson, Donald Trump’s, Adam Posen, Michael Strain, , Alexander Hamilton, James Madison, George Washington Organizations: Getty, Peterson Institute for International Economics, American Enterprise Institute Locations: Ohio, U.S
The General Catalyst-backed startups Commure and Athelas are merging in a deal to bring more artificial-intelligence tech to hospitals and health systems. The new company, which is keeping the name Commure, plans to stack Athelas' software on top of Commure's data platform for health systems. General Catalyst is investing $70 million in the new firm at a $6 billion valuation, and Tanay Tandon, the founder and CEO of Athelas, will lead the combined company. Commure will consider companies making those tools in a range of categories, including credentialing, contracting, and patient engagement, he said. The company has about 100 open positions, Tandon said, and expects to hire hundreds more people in 2024.
Persons: Tanay Tandon, Hemant Taneja, Tandon, Commure, Catalyst, Athelas Organizations: Catalyst, General
Etiquette experts say phone calls aren't going away at the office — even if they are personally. But even as phone calls fall out of favor in our personal lives, they're not extinct in a work setting. Etiquette experts say phone calls are still necessary in the office — there's just a certain time and place for them. Insider spoke to two experts about the state of work-related phone calls in 2023. AdvertisementAdvertisementVerizon Communications CEO Hans Vestberg makes about 30 work calls per week to "people that make a difference" at the company, CNBC reported.
Persons: aren't, it's, , Slack pings, they're, there's, people's, Lisa Grotts, Grotts, Kleeman, It's, Hans Vestberg, Vestberg, he's, you've Organizations: Service, New Workforce, Verizon, CNBC
Lina Khan vs. Amazon - The New York Times
  + stars: | 2023-09-27 | by ( Cory Doctorow | ) www.nytimes.com   time to read: +1 min
The Federal Trade Commission’s chair, Lina Khan, has brought her long-awaited, audacious case against Amazon, signaling the Biden administration’s determination to restore an approach to competition law that has been in decline since the Carter administration. But Amazon is precisely the kind of company that Congress had in mind in enacting America’s many antitrust laws. The robber barons of that era hijacked the economy and politics, but they also faced the constraints of empires grounded in physical goods. Today’s tech barons at huge platforms like Amazon, Google and Meta can deploy anticompetitive, deceptive and unfair tactics with the agility and speed of a digital system. And Amazon is the apex predator of our platform era.
Persons: Lina Khan, Carter Organizations: Federal Trade, Google, Amazon
Millions of years ago, this desert in Peru was a gathering place for fantastical sea creatures: whales that walked, dolphins with walrus faces, sharks with teeth as large as a human face, red-feathered penguins, aquatic sloths. They reproduced in the gentle waters of a shallow lagoon buffered by hills that still wrap across the landscape today. Eventually, tectonic shifts lifted the land from the sea. Discoveries from the region have come at a brisk pace in recent decades, with at least 55 new species of marine vertebrates found so far. In August, paleontologists unveiled what may be the region’s most remarkable find yet: Perucetus colossus, a manatee-like whale now considered the heaviest animal known to have existed.
Locations: Peru, Pisco
Citigroup unveiled a wide-ranging management shake-up on Wednesday and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong direction and said that for the foreseeable future her employees “might not enjoy it so much.”The global banking colossus said it would cut some divisions and move others to report directly to Ms. Fraser. Long known for its international arms, it will wind down some of its operations abroad and all but eliminate the overlapping, co-heads of various business lines. The firm’s three regional chiefs, who previously had wide authority to make decisions in their geographic areas, were eliminated. The changes amount to a public confession that the bank has failed to crack the upper echelon of its peers in areas like investment banking and wealth management since Ms. Fraser took over two and a half years ago. Citi’s stock is down 13 percent over the past year, though shares rose more than 2 percent on Wednesday after the bank announced the changes.
Persons: Jane Fraser, Fraser . Long, Fraser Organizations: Citigroup
Britain sets priorities for November global AI safety summit
  + stars: | 2023-09-04 | by ( ) www.reuters.com   time to read: +1 min
A piece of paper sits on the Colossus machine at Bletchley Park in Milton Keynes, Britain, September 15, 2016. It will focus "on risks created or significantly exacerbated by the most powerful AI systems," the government said. British Prime Minister Rishi Sunak has touted Britain as a global leader in AI regulation, and the government wants to accelerate investment in AI to improve productivity. Tech expert Matt Clifford and former senior diplomat Jonathan Black have been appointed to lead preparations for the summit. The two are rallying political leaders, AI companies and experts ahead of the event, which will be held at Bletchley Park in southern England.
Persons: Darren Staples, Rishi Sunak, Matt Clifford, Jonathan Black, Farouq Suleiman, Paul Sandle, William James Our Organizations: REUTERS, British, Tech, Bletchley, Thomson Locations: Milton Keynes, Britain, England, Hiroshima
A piece of paper sits on the Colossus machine at Bletchley Park in Milton Keynes, Britain, September 15, 2016. REUTERS/Darren Staples/File Photo Acquire Licensing RightsLONDON, Aug 24 (Reuters) - Britain will host a global summit on artificial intelligence at the old home of Britain's World War Two codebreakers in November as Prime Minister Rishi Sunak pitches Britain as global leader in guarding the safety of the fast-developing technology. The summit will take place on Nov. 1 and 2 at Bletchley Park, the site in Milton Keynes where mathematician Alan Turing cracked Nazi Germany's Enigma code, the government said on Thursday. "The UK has long been home to the transformative technologies of the future, so there is no better place to host the first ever global AI safety summit than at Bletchley Park," Sunak said. Governments around the world are wrestling with how to control the potential negative consequences of AI without stifling innovation.
Persons: Darren Staples, Rishi Sunak, Alan Turing, Sunak, Joe Biden, Matt Clifford, Jonathan Black, Andrew MacAskill, Tomasz Janowski Organizations: REUTERS, Bletchley, Tech, European Union, Thomson Locations: Milton Keynes, Britain, Washington, Canada, France, Germany, Italy, Japan, United States, Hiroshima
Michael R. Bloomberg, the founder of the financial data colossus Bloomberg L.P., announced a new chief executive and president on Monday, a possible indication of who will take over for him when he steps away from the company. Mr. Bloomberg, 81, also announced plans to appoint a new board to steer the business, a purveyor of data terminals that generates more than $12 billion in revenue annually. Vlad Kliatchko, 54, Bloomberg’s chief product officer, was appointed chief executive of the company, Mr. Bloomberg said in a memo to employees Monday. Mr. Bloomberg said in his memo that he had no plans to step away any time soon, noting that he was not taking on any new title. Neither Mr. Zammitt nor Mr. Kliatchko is replacing anyone at the company; the last chief executive at Bloomberg, Dan Doctoroff, stepped down in 2014.
Persons: Michael R, Bloomberg L.P, Vlad Kliatchko, Bloomberg, Jean, Paul Zammitt, Zammitt, Kliatchko, Dan Doctoroff Organizations: Bloomberg
Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.
Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, , Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE
This week, scientists shared discoveries of ancient species that lived and died tens of millions of years ago, providing tantalizing insights into creatures never documented until now. The colossal ancient whale, which swam the seas about 39 million years ago, likely weighed two to three times more than the blue whale. NASA/ESA/Joseph Olmsted (STScI)When the Hubble Space Telescope initially observed a young planetary system 32 light-years from Earth, it didn’t reveal any surprises. And the James Webb Space Telescope spied new details within the colorful, iconic Ring Nebula. The fruit flies in the groundbreaking study don’t typically reproduce through virgin births, also called parthenogenesis, although many animal species do.
Persons: Alberto Gennari, Michael Brecht, ” Brecht, Joseph Olmsted, Euclid, James Webb, , Hala Alarashi, Alice Burkhardt, Ba, Emperor Nero, Ashley Strickland, Katie Hunt Organizations: CNN, Canadian Rockies, Humboldt University, NASA, ESA, Hubble, Telescope, Petra Museum, CNN Space, Science Locations: Ica, Berlin, Jordan, East Coast, United States
Whale fossil may be the heaviest animal ever
  + stars: | 2023-08-02 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —A colossal ancient whale discovered in Peru might be the heaviest animal on record, according to a new study. What’s more, Perucetus likely weighed two to three times more than the blue whale, which today weighs a maximum of 149.6 metric tons (330,000 pounds). Giovanni Bianucci“Discoveries of such extreme body forms are an opportunity to re-evaluate our understanding of animal evolution,” wrote J.G.M. “It seems that we are only dimly aware of how astonishing whale form and function can be,” they added. The lifestyle of a colossal whaleThe findings suggest that gigantism or peak body mass among cetaceans had been reached around 30 million years earlier than previously thought, according to the study.
Persons: Giovanni Bianucci, , ” Bianucci, Perucetus, , , Bianucci, pacificus, Mystacodon selenesis, Mario Urbina Schmitt, Schmitt, Thewissen, David A, Waugh, weren’t, Ingalls, Brown, ” Thewissen Organizations: CNN, University of Pisa’s, sirenians, Peru “, National University of San, Ohio Medical University Locations: Peru, Italy, Ica, Peruvian, National University of San Marcos, Lima
ESPN has been Disney’s financial engine for nearly 30 years, powering the company through recessions, box office wipeouts and the pandemic. With its dual revenue stream — fees from cable subscribers and advertising — the sports juggernaut continues to earn billions of dollars for Disney. In the first six months of the 2023 fiscal year, Disney’s cable networks division, which is anchored by ESPN and its spinoff channels, generated $14 billion in revenue and $3 billion in profit. Disney is now exploring a once-unthinkable sale of a stake in ESPN. Disney has held talks with the National Football League, the National Basketball Association and Major League Baseball about taking a minority stake.
Persons: Century Fox, ESPN’s, Robert A, Organizations: ESPN, Disney, Marvel, Lucasfilm, Pixar, Century, CNBC, National Football League, National Basketball Association, Major League Baseball
It may have weighed twice as much as a blue whale because of its dense bones. That's nearly as heavy as a Boeing 747 or twice as much as a blue whale, which typically weighs between 72 and 180 tons. That means the other fossils retrieved from the area may not offer clues to how P. colossus lived. A 3D model shows what a complete skeleton of Perucetus colossus would look like, above a blue whale and smaller Cynthiacetus peruvianus skeletons. No limbs were found near the P. colossus skeleton, but fossilized evidence suggests it likely had both front and back legs.
Persons: Mario Urbina, Olivier Lambert, Giovanni Bianucci, Cynthiacetus, colossus, colossus isn't, Lambert, Florent Goussard, Marco Merella Organizations: Service, Boeing, Santa Barbara Museum of, History Locations: Wall, Silicon, Pisco, Peru, London
Giovanni Bianucci/Handout via REUTERSAug 2 (Reuters) - Move over, blue whale. The biggest-known blue whale weighed around 190 tons, though it was longer than Perucetus at 110 feet (33.5 meters). Its skeletal mass alone was estimated at between 5 and 8 tons, at least twice that of the blue whale. The researchers suspect Perucetus lived like sirenians - not an active predator but an animal that fed near the bottom of shallow coastal waters. The researchers said it was unlikely Perucetus was a filter-feeder like today's baleen whales including the blue whale.
Persons: Giovanni Bianucci, Perucetus, Bianucci, Olivier Lambert of, Will Dunham, Rosalba O'Brien Organizations: REUTERS, University of Pisa, Royal Belgian Institute of Natural Sciences, Thomson Locations: Peru, Handout, Italy, Argentina, sirenians, Brussels, hoofed, Washington
Over its 1987 streak, the Dow climbed to 2,104.47, from roughly 1,895.95 — a gain of 11%. If the Dow were to finish higher Thursday, it would tie the stock benchmark's longest winning streak ever, which was in June 1897. Jim Cramer's Charitable Trust, the portfolio the Club uses for investing, owns just over a quarter of the stocks in the Dow. Honeywell 's (HON) 2.5% gain amid the Dow's 13-session winning streak is being wiped away by the stock's post-earnings slide Thursday. Microsoft 's (MSFT) roughly flat overall performance during the Dow's streak, squeaking out a just 0.2% gain, is due in large part to the stock's 3.8% decline Wednesday.
Persons: Warren Buffett hadn't, Paul Volcker, Dow, Jim Cramer's, Johnson, , We'll, Walt Disney, Jim Cramer, Disney, Jim, Spencer Platt Organizations: Dow Jones, Dow, Federal Reserve, Woolworth Company, Jim Cramer's Charitable Trust, Johnson, Enterprise, Industrial Caterpillar, Caterpillar, Procter & Gamble, Honeywell, Club, Wall Street, Vision, Microsoft, MSFT, CNBC, Street Bull, Financial, Getty Locations: New York City
Gilbert Cruz is joined by two-time Pulitzer Prize winner Colson Whitehead, who talks about his novel “Crook Manifesto,” which picks up the tale of furniture salesman and sometime crook Ray Carney, and what it was like to write about Harlem in the ’70s. He also reflects on his famous post-9/11 essay about New York City. … I felt better writing it, and I was articulating so much about the city I’d never tried to articulate before. And then when it came out, it meant so much to other people. You can send them to books@nytimes.com.
Persons: Gilbert Cruz, Colson Whitehead, Ray Carney, ” Whitehead, , , I’d Organizations: Harlem, New, New York Times Magazine Locations: New York City, , New York,
Cramer's Lightning Round: RadNet is "too expensive"
  + stars: | 2023-07-17 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon JPMorgan Chase's year-to-date stock performance. Stock Chart Icon Stock chart icon RadNet's year-to-date stock performance. Stock Chart Icon Stock chart icon Uranium Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Apollo Global's year-to-date stock performance. Apollo Global : "The reason why I don't recommend Apollo, even though it's been a good stock, is I don't know where the hell it makes the money, I don't know what it owns.
Persons: JPMorgan Chase, Morgan, Jamie Dimon, Biogen, Eli Lilly, Apollo, it's, Jim Cramer's Organizations: JPMorgan, GE Healthcare, Uranium Energy, Apollo
How Citigroup is planning its comeback
  + stars: | 2023-07-14 | by ( Juhohn Lee | Christina Locopo | Alex Wood | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Citigroup is planning its comebackSince the company's collapse during the 2008 recession, Citigroup's stock has continuously struggled, with shares falling more than 30% over the past five years. In response, Jane Fraser, the CEO of Citigroup, announced a bold shift in company strategy, doubling down on wealth management while exiting 14 consumer markets outside of the United States since April 2021. So has Citi's bet paid off and can the onetime financial colossus return to its former glory?
Persons: Jane Fraser Organizations: Citigroup Locations: United States
Marc Andreessen told billionaires to homeschool their children at the Sun Valley conference. Legendary venture capital investor Marc Andreessen has used this week's Sun Valley conference to espouse the benefits of homeschooling. Musk and Zuckerberg have been been trading barbs online since Musk summoned Zuckerberg to a cage fight last month. Meanwhile, it's not the first time that Andreessen has called for more homeschooling. "It certainly feels like we're on the front end of a pretty dramatic homeschooling boom," Andreessen said.
Persons: Marc Andreessen, “ We’re, Puck's Dylan Byers, Peter Thiel, Andreessen, Elon Musk, Mark Zuckerberg, Byers, Musk, Zuckerberg, it's, Colossus, Andreessen Horowitz, Ben Horowitz Organizations: Sun, Morning
I AM just crazy about Milan’s Pirelli Tower. The stylish but severe 1950s skyscraper, once headquarters of the Italian tire company, was the brainchild of Giovanni “Gio” Ponti (1891–1979), the colossus of 20th-century Milanese design. A polymath architect-designer whose output ranged from ocean liners to cutlery sets, Ponti went on to complement this high-modernist office building, still his best-known work, with a late, imaginative masterpiece—1970’s La Concattedrale Gran Madre di Dio, a church in Taranto, a remote harbor town in Puglia in the heel of Italy’s boot.
Persons: Giovanni “ Gio ” Ponti, Ponti Organizations: Pirelli Locations: Taranto, Puglia
The bubble in China's property market finally popped. In April, China's economic data came in weak largely across the board. The problem is that while consumers may be picking up, the biggest drivers of the Chinese economy — property and exports — are going to stay dormant. Consumer consumption makes up about 37% of the Chinese economy (in the US that figure is about 70%). Beijing has tried to shift the country toward a consumption model, like the US, but exports still make up 20% of China's economy.
Persons: lockdowns, it's, Xi Jinping, Stanley Druckenmiller, We're, Morgan Stanley, Goldman Sachs, Wei Yao, Leland Miller, Miller, Yao, Wright, I've, , Kearney, Linette Lopez Organizations: Trade, JPMorgan, Bloomberg Invest Conference, Bank of America's, China's National Bureau, Statistics, Societe Generale, Analysts, Beijing, China, Chinese Communist Party, China's Locations: China, globalism, Beijing, York, Asia
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