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☆ Amazon is raising its hiring bar for some tech jobs
▼ + stars: | 2024-08-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Read previewAmazon is raising its hiring bar. Bar raisers have long been a peculiar part of Amazon's hiring process. But Amazon removed bar raiser interviews for entry-level engineering jobs and some non-engineering roles in recent years, in part due to the pandemic-fueled hiring boom, BI previously reported. Related storiesBy resuming the bar raiser program, Amazon is adding an additional 60-minute step to the interview process for these jobs, the memo said. Amazon will also share any interview process changes with the Bar Raiser Core Community and request their opinions on those changes.

Persons: —, We're, Margaret Callahan Organizations: Service, Business, Amazon, Amazon University Talent, BI, Core Locations: Americas, Asia, Europe

PARIS — Living in the era of Simone Biles' dominance would be a challenge for any gymnast, but Suni Lee and Jordan Chiles are reveling in their own Olympic spotlights. Throughout their Olympic encore, Lee and Chiles observed a burgeoning lightness and international kinship in elite gymnastics. Jordan Chiles, bottom, and Suni Lee celebrate winning the gold medal during the women's artistic gymnastics team finals at the Olympics in Paris on Tuesday. It's not just the culture that has changed for Lee, who faced an even steeper climb to the Olympic podium the second time around. After winning the Olympic all-around title in 2021, she found herself launched into unexpected, dizzying fame.

Persons: Simone Biles, Suni Lee, Jordan Chiles, Lee, Chiles, ” Lee, Francisco Seco, It's, Biles, Kaetlyn Liddy, Tom Organizations: PARIS, Olympic, NCAA, “, Tokyo, Paris Locations: Paris, U.S, ”, Monday's, Spring , Texas, New York

☆ Why this Olympian is making everyone crave Italian cheese
▼ + stars: | 2024-08-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +4 min

The Olympics are a spectacle of athleticism, hard work, peak performance – and perhaps, for some, eating parmesan cheese. The 21 year old from Lombardy in northern Italy was sponsored by the Consorzio del Formaggio Parmigiano-Reggiano (Consortium of Parmigiano-Reggiano cheese) in 2021. In one photo, she is hugging a cheese wheel close to her chest. Parmigiano-Reggiano, or parmesan cheese, is most famously made in the hills around Parma, about 65 miles northwest of Bologna. Less visited Parma is the spiritual home of parmesan cheese, however.

Persons: we’ll, Stanley Tucci, Giorgia Villa, Italy’s, –, Villa, Gabriele Seghizzi, al, there’s, Buon Organizations: CNN, intel, Sipa, Reggio, Mantova, Museo Locations: Lombardy, Italy, Emilia, Romagna, Parma, Bologna, Reggio Emilia, Modena, San Petronio, There’s, Soragna

☆ Opinion | The Founders Saw This Insane Political Moment Coming 237 Years Ago
▼ + stars: | 2024-08-01 | by ( Stacy Schiff | ) www.nytimes.com time to read: +1 min

To understand how we got here, it’s helpful to return to another sweltering summer, a summer when everything actually was without precedent. The 55 men who assembled in Philadelphia 237 years ago to hammer out an American Constitution differed on a great many things. Among the rare points on which most agreed was that the American people could not be trusted to choose a president for themselves. Slavery (barely discussed) and the mechanics of representation (much discussed) proved vexing. But few questions so confounded the delegates to the 1787 Constitutional Convention as those pertaining to the American presidency.

Locations: Philadelphia

☆ We live in Dubai. Here are the 7 common mistakes we see first-time visitors make.
▼ + stars: | 2024-08-01 | by ( Christian Sylt | Caroline Reid | ) www.businessinsider.com time to read: +6 min

No need to ball out to see the sights — Dubai has amazing free attractionsThe "Imagine" show at Festival City Mall is incredible. AdvertisementOn the outskirts of Dubai, see the world's biggest 360-degree projection show in Expo City for free. It's easy to get tired in the Dubai Mall if you don't book any free ride servicesThe Dubai Mall can take hours to explore. Caroline ReidThe Dubai Mall is one of the biggest in the world, with more than 1,200 stores spread over millions of square feet. It's so big that it even has a full-size ice rink, a Kidzania theme park, an amusement park, and one of the world's biggest aquariums.

Persons: —, Caroline Reid, Perle, Dragone, we've, Kung Fu, We've, you've Organizations: Service, Business, Dubai, United Arab Emirates, Dubai International Airport, Al, Al Maktoum International, Emirates, du, pats, Marriott, Dreamworks, Festival City, UAE Locations: Dubai, London, UAE, Al Maktoum, Emirates, Expo City, Las Vegas

☆ Canada loses Olympic drone-spying appeal as new FIFA details emerge ahead of must-win game
▼ + stars: | 2024-07-31 | by ( Meg Linehan | ) www.nytimes.com time to read: +8 min

AdvertisementIt also came as FIFA released a full report of the findings that led to its decision to punish Canada for using a drone to watch New Zealand practice ahead of their Olympic opener. In an email sent March 20, the performance analyst, whose name was redacted from FIFA’s report, contacted Priestman about preparing for Olympic opponents. FIFA’s decision concerned Canada Soccer’s actions at the Olympics only, leaving open room for additional punishment for any wider system of spying. Before Priestman’s suspension from FIFA, she was suspended through the Olympics and Canada Soccer said it was investigating both the men’s and women’s soccer programs widely. Canada Soccer told FIFA on Saturday that Priestman’s references to spying in the men’s program referenced a specific person.

Persons: Canada’s, Bev Priestman, Priestman, ”, Joey ”, Joseph Lombardi, ” Priestman, Lombardi, Kevin Blue, Blue, Jesse Marsch, –, John Herdman, “, we’ve, ” Lukas Weese, Tullio M Organizations: Sport, FIFA, Olympics, Olympic, Paris Games, Tokyo Games, Canada’s, Olympic Committee, Canada Soccer, New Zealand, Canadian, Canadian Olympic, Copa America, Toronto FC, women’s, men’s Locations: Canada, Zealand, Colombia, Nice, France, Australia, Brazil, Paris, ”, Priestman, Saint, New Zealand, Puglia

☆ Why Is It So Hard for Olympic Host Cities to Control Costs?
▼ + stars: | 2024-07-27 | by ( Vivienne Walt | Sarah Kessler | ) www.nytimes.com time to read: +1 min

Like every city that hosts the Olympics, Paris designed its opening ceremony to make a splash, with ethereal dance performances, athletes floating down the Seine and a blowout performance by Celine Dion. A big display is table stakes, and hundreds of thousands of people jammed the city’s bridges and riverbanks for hours to cheer the flotilla. The tab for the Games in Paris, the first city to fully test cost-cutting reforms that the International Olympic Committee introduced in 2019, is at least $8.87 billion. Figuring out how to keep host city expenses on budget is vital for the Olympics, which have struggled to find host cities in places where citizens have a say in the decision. voted on Wednesday to give the 2030 Winter Games to the French Alps and the 2034 Winter Games to Salt Lake City, both cities were the only candidates.

Persons: Celine Dion Organizations: Games, International Olympic, London, Tokyo, Rio, Oxford’s Said Business, Olympics Locations: Paris, Rio de Janeiro, Salt Lake City

☆ The Obamas Called Kamala Harris. Cameras Rolled. Hokeyness Ensued.
▼ + stars: | 2024-07-26 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Kamala Harris’s dizzying rollout as a presidential candidate somehow pulled off the rare feat of looking organic and organized, fun but without cringe-inducing artifice. Somehow, the Biden-turned-Harris campaign managed to make former President Barack Obama and Michelle Obama, once America’s coolest political couple, sound like parents in a Lifetime movie calling their child at summer camp. Early Friday morning, the Harris campaign posted a video it produced that depicted a phone call from Mr. and Mrs. Obama, which had taken place on Wednesday, in which they gave Ms. Harris their much-awaited endorsement. Mr. Obama’s 5:01 a.m. post of the video on X had more than 50 million views by 2 p.m. The video begins as an offscreen aide hands Ms. Harris a phone, while she is walking backstage at an event in Indianapolis.

Persons: Kamala Harris’s, Harris, Barack Obama, Michelle Obama, Obama, Obama’s Organizations: Biden Locations: Indianapolis

☆ Opinion | The Kamala Harris Report Card
▼ + stars: | 2024-07-25 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

At the beginning of 2019 I wrote a column enthusiastically arguing that Kamala Harris was the Democratic Party’s strongest candidate to take on Donald Trump. My core argument was pretty simple: If Democrats hoped to defeat him, they needed the toughest gladiator they could get, and Harris filled that bill. Other moments, I think the Democrats are suffering from a mass hypnotic delusion, nominating a candidate who is seriously flawed. In order to make sense of this mishmash of thoughts, I thought I’d put together a report card of her strengths and weaknesses. In the rallies and events she has done since her ascension, Harris has been dominating, poised and exuberant.

Persons: Kamala Harris, Donald Trump, Harris, Gary Delagnes, “, I’d, prosecutes Trump Organizations: Democratic Party’s, Politico, Democratic

☆ ‘The art of climbing’: Photographer Simon Carter capturing climbers at dizzying heights
▼ + stars: | 2024-07-24 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +6 min

Simon Carter“I like to talk about climbing photography being on a spectrum. Climbing the career ladderCarter’s passion for photography began at the age of 15, preceding his love of climbing. In 1994, Carter set up a photography and publishing business that produced a popular climbing calendar, among much else. In the 30 years since it launched, he has witnessed an explosion in the number of people pursuing climbing photography, thanks in part to the internet and the availability of digital cameras. Carter's new book "The Art of Climbing" brings together more than 200 of his images from climbing destinations around the world.

Persons: Simon Carter, Carter abseiled, Monique Forestier, Simon Carter “, you’ve, ”, Carter, Simon Carter Carter, abseiling, you’d, Ashlee Hendy, Elizabeth Chong, haven’t, I’m, you’re, “, … Organizations: CNN, “, Thames & Locations: Tasmania, Australia, Hauy, Blue, Victoria, Hudson, Thames & Hudson

☆ The Push to Develop Generative A.I. Without All the Lawsuits
▼ + stars: | 2024-07-19 | by ( Nico Grant | Cade Metz | ) www.nytimes.com time to read: +1 min

Companies like Google and OpenAI built their artificial intelligence chatbots and image generators by gobbling content from the web, spurring legal fights over copyright claims. Now, some of those copyright holders are trying to get in on the A.I. image generators with their own data, bypassing the legal worries that have shadowed the industry. While the largest tech companies have been locked in a dizzying A.I. race, visual media marketplaces, content creators and artists are pushing for licensing so that they can be paid for work that helps train A.I.

Organizations: Google, Getty

☆ Chaos on social media platforms after Trump shooting is a mess of their own making
▼ + stars: | 2024-07-17 | by ( Brian Fung | ) edition.cnn.com time to read: +12 min

None of the country’s largest social media platforms responded to repeated questions from CNN over multiple days this week about what actions they have taken in response to misinformation and conspiracy theories circulating about the Trump rally shooting. And what the public experienced on social media in the moments after the attack on Trump is a sign of what’s to come, said Imran Ahmed, CEO of the Center for Countering Digital Hate (CCDH), a social media watchdog group that advocates for tighter regulation of the platforms. “It can’t make a safe social media product that does politics and civic stuff, and so it just got out of that business.”Baybars Orsek, managing director of the fact-checking organization Logically Facts, said these and other changes by social media platforms have made working with them in the last few years more challenging. The decision effectively means the US government can continue to flag misinformation threats to social media companies in the runup to the 2024 election. Mainstream media outlets, taking care to report only credible answers, were initially slower to report what was happening than the breakneck pace of social media speculation.

Persons: Donald Trump, bode, “, Joe Biden, Biden, Snapchat, ”, Imran Ahmed, ” Ahmed, Elon Musk’s, Musk, CCDH, X, TikTok, “ Meta, Laura Edelson, ” Baybars Orsek, ” Orsek, Trump, Edelson, Alicia Wanless, “ I’ve, ” Wanless, Wanless Organizations: CNN, Meta, Twitter, YouTube, Department of Homeland Security, Big Tech, Trump, Google, Center, Social, Northeastern University, Democracy, Supreme, Facebook, Carnegie Endowment, International Peace

☆ That’s a Dizzying List! Help Me Choose a Book.
▼ + stars: | 2024-07-12 | by ( The New York Times Books Staff | The New York Times | ) www.nytimes.com time to read: 1 min

There’s no getting around the fact that the list of the 100 Best Books of the 21st Century is… daunting. Want to start reading a new book right away? We can help.

☆ Should you sell your house now? The pandemic-driven boost to prices should last until at least 2026, according to Bank of America.
▼ + stars: | 2024-07-07 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Housing prices around the country have been rising at a dizzying pace since the pandemic, increasing 6% on average in just the last year. With these rapid increases, homeowners can command a pretty penny in today's red-hot housing market. But according to Bank of America, there's still room for prices to go higher. AdvertisementBank of AmericaAlthough the Fed is expected to cut rates later this year, Bank of America doesn't foresee mortgage rates falling much in the near future. Prices could increase beyond 2026In this market, homeowners can take advantage of at least two more years of price appreciation.

Persons: —, there's, Michael Gapen, Gapen doesn't, Gapen, Millennials Organizations: Service, Bank of America, Business, National Association of Realtors

☆ Termessos: The hidden ‘eagle’s nest’ city that Alexander the Great couldn’t conquer
▼ + stars: | 2024-07-04 | by ( Barry Neild | ) edition.cnn.com time to read: +11 min

Termessos, Turkey CNN —Alexander the Great tried to conquer Termessos but failed. He reputedly called the city an “eagle’s nest.”Later, the Romans had more success in controlling the city. Barry Neild/CNNClimbing higher up the hillside on a rocky path sprouting with fragrant wild sage, there’s more evidence of how sophisticated life in Termessos would’ve been. Further up, the upper city walls give commanding views of the forest below and offer a good vantage point over anyone trying to sneak up for an invasion. In Termessos, the location is particularly significant, as it sits opposite a mountain that was once sacred to the city’s inhabitants.

Persons: Turkey CNN — Alexander the Great, Mount Güllük, Barry Neild, would’ve, ”, Önder Uğuz, he’s, Termessos, We’re, “, Alexander the Great, Termessos would’ve Organizations: CNN, Turkey CNN, agora Locations: Termessos, Turkey, Antalya, That’s, Machu Picchu, Mount

☆ Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
▼ + stars: | 2024-06-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +19 min

But other current employees are dissatisfied with where the strategy shift has left them. In January 2023, Pfizer forecast a steep drop in annual revenue, to between $67 billion and $71 billion. Pfizer's 2023 revenue ultimately came in at $58.5 billion, including $11.22 billion from its Covid vaccine and $1.28 billion from Paxlovid. Faith in executive leadership also plunged among some workers, according to most of the current and former employees who spoke with CNBC. Some current workers said that hasn't appeared to change after the town hall on May 2.

Persons: Albert Bourla, Wall, they're, Bourla, I'm, drugmaker Seagen, Irfan Khan, hasn't, Pfizer, renegotiating, John Thys, Payal Sahni Becher, Becher, Kena, Mike McDermott, Bourla's Organizations: Corbis, Getty, Pfizer, Wall, CNBC, Los Angeles Times, Moderna, Centers for Disease Control, U.S ., GSK, Bristol Myers Squibb, Pfizer wasn't, . Biotech, Companies, Biotech, BioNtech, Reuters, Human, View Press, Global, APEC, Summit, Tech, Google Locations: U.S, Covid, Eagle Rock , California, Durham , North Carolina, Puurs, Belgium, New York City, Peapack , New Jersey, Kena

☆ Tal Alexander announces he will step away from his brokerage firm amid rape allegation
▼ + stars: | 2024-06-25 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

AdvertisementThe announcement caps a dizzying fall from the pinnacle of the residential real estate business for both Tal and his brokerage partner and brother Oren Alexander amid sordid allegations. Tal and Oren spent more than a decade at the brokerage firm Douglas Elliman, establishing themselves as big-name sellers of ultra-pricey homes. In 2022, the pair broke off from Elliman and cofounded Official Partners, a firm that focuses exclusively on the uppermost tier of the residential sales market. She also said that the decision to step aside was mutually made by Tal and Official. "Given the salacious nature of this false allegation and impact on Official, Tal and his partners have decided he will take a leave from the company," Deanna Paul, the attorney, said.

Persons: —, Tal Alexander, America's, Alexander, Deanna Paul, Tal, Paul, Oren Alexander, Oren, Douglas Elliman, Ken Griffin, Alon Alexander, Alon, Nicole Oge, Oge, Angelica Parker Organizations: Service, Business, Partners Locations: New York, Manhattan, Elliman, New York State

☆ ‘Stevie Van Zandt: Disciple’ review: An HBO documentary traces his life from Bruce Springsteen to ‘The Sopranos’
▼ + stars: | 2024-06-22 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Sometimes documentaries get all they need from the subject, and in the case of “Stevie Van Zandt: Disciple,” the who’s who of musical luminaries in his orbit don’t hurt either. When Van Zandt mentions the seminal experience of seeing the Beatles on Ed Sullivan’s show, it’s almost immediately followed by an interview with Paul McCartney. Ditto for other singers that Van Zandt mentions, like Dion DiMucci, Darlene Love and Gary U.S. Bonds. James Gandolfini and Stevie Van Zandt in "The Sopranos." “Stevie Van Zandt: Disciple” premieres June 22 at 8 p.m.

Persons: Stevie Van Zandt, Steven Van Zandt’s, Bruce Springsteen’s, “, ”, ” plucks, Van Zandt’s, Springsteen, Van Zandt, Leonard Peltier, there’s, David Chase, ” Chase, Ed Sullivan’s, Paul McCartney, Ditto, Dion DiMucci, Darlene Love, Bonds, James Gandolfini, Bruce Springsteen, Tony Soprano Organizations: CNN, Gary U.S, HBO, Little, Warner Bros . Locations: New Jersey, South Africa, USA, Asbury Park

☆ Opinion: Putin’s North Korea visit comes at a crucial moment
▼ + stars: | 2024-06-18 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +7 min

She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and senior columnist for World Politics Review. CNN —When Russian President Vladimir Putin arrives in North Korea on Tuesday, it will kick up yet another gust in the recent swirl of diplomatic activity surrounding Russia’s all-out war against Ukraine. The allies have good reason to believe Putin aims to outlast Western support. South Korean intelligence estimates that North Korea has delivered as many as 5 million artillery rounds, along with ballistic missiles and other ammunition. Putin, meanwhile, will visit one-party ruled Vietnam later this week, not exactly a military powerhouse, but at least one country that is not backing Ukraine.

Persons: Frida Ghitis, Read, Vladimir Putin, Moscow –, Ukraine’s, –, Putin, Donald Trump, Putin’s, Putin –, Trump, wouldn’t, he’d, Ursula von der Leyen, Olaf Scholz, Mark Rutte, ”, Volodomyr Zelensky, Hitler, Joe Biden, Biden, Zelensky Organizations: CNN, Washington Post, Politics, Ukraine, Frida Ghitis CNN, North, Kyiv, White, European, Dutch, Peace, Biden, Trump acolytes, Republican, Zelensky, NATO Locations: North Korea, Pyongyang, Moscow, Kyiv, Ukraine, Putin’s Russia, Iran, Russia, China, Europe, Cuba, Russian, Normandy, Western, Italy’s Puglia, Switzerland, Korea, Germany, Ukrainian, Puglia, “, Washington, Vietnam

☆ Opinion: Why Father’s Day always reminds me of my newborn daughter, a permeant marker and an angry nurse
▼ + stars: | 2024-06-14 | by ( Opinion Ed Manning | ) edition.cnn.com time to read: +5 min

She was sturdy, close to my height, and in the crux of her arms was my newborn daughter, Dylan. The nurse fixed her gaze on me without so much as a glance at my wife Reggie, the doctor or my daughter, who admittedly was not a viable suspect. We stood there for a tense moment — Reggie and the doctor looking confused, the nurse looking murderous and me looking innocent to the point of looking guilty, before the nurse unswaddled the blanket covering Dylan’s legs. Then that formidable nurse, someone I had never seen before, announced she was taking Dylan away to clean her up. “On the other hand,” I rebounded with conviction, “just try scrubbing that D off of her foot.”Manning's wife, Reggie, holds their baby daughter, Dylan.

Persons: Ed Manning, Dylan, “, Reggie, ” Manning naps, ”, Ed Manning “, Dylan Manning, Reggie sighed, I’m, Love Organizations: CNN, SWAT

☆ Donald Trump-Karen McDougal Affair: Was Melania Pregnant?
▼ + stars: | 2024-06-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

According to one of the prosecutors in the case, Trump had an affair with Karen McDougal, a former Playboy model, while his wife, Melania Trump, was pregnant. The idea that the affair took place while Melania Trump was expecting a child, however, had never been previously reported. "We were just as surprised as you when Josh Steinglass stated that Melania was pregnant at the time," Carol Heller, a representative for McDougal, told Business Insider. Barron Trump, the sole child of Donald and Melania Trump, was born in March 2006 — before McDougal says the affair took place. Advertisement"Steinglass misspoke about Melania being pregnant during the affair, and Merchan relied on the incorrect impression he gave when he talked about Melania being pregnant," Heller told BI.

Persons: —, Donald, Trump, Karen McDougal, Melania Trump, McDougal, Joshua Steinglass, Steinglass, Josh Steinglass, Melania, Carol Heller, Juan Merchan, Trump's, Barron Trump, Chad Buchanan, Heller, Merchan, McDougal —, Karen, Barron, didn't, Stormy Daniels, Todd Blanche, Blanche, Daniels, Billy Farrell, Patrick McMullan, Joe Palazzolo, Michael Rothfeld, Gina Rodriquez, Dylan Howard, Rodriguez, Donald Trump, McDougal's, Michael Cohen —, fixer —, Cohen, Anderson Cooper, Cooper Organizations: Service, Business, Trump, New, Playboy, Prosecutors, Attorney's Office, National Enquirer, Getty, NBC, Tahoe, Donald Trump . Manhattan, Attorney's, CNN Locations: Manhattan, Los Angeles, Lake Tahoe

☆ An Early UK Election Is Rishi Sunak’s Last Card to Play - The New York Times
▼ + stars: | 2024-05-31 | by ( Sam Freedman | ) www.nytimes.com time to read: +2 min

10 Downing Street in a downpour to announce the date of the general election — July 4, months earlier than expected — to an indifferent nation. “Now is the moment for Britain to choose its future,” Mr. Sunak said, as water soaked into his suit. Perhaps Mr. Sunak, his party now routinely polling more than 20 points behind the opposition Labour Party, has given up and wants to get it over with. Either way, by bringing the election forward, Mr. Sunak has played his last card. After Mr. Johnson had an explosive row with his chancellor of the Exchequer, Mr. Sunak was installed as a compliant and numerate alternative.

Persons: Sunak, ” Mr, Sunak's, —, Boris Johnson, Johnson Organizations: Conservative Party, Labour Party, The Times, Treasury Locations: Britain, London

☆ A Rare Glimpse Inside an Abandoned Ellis Island From 1974. - The New York Times
▼ + stars: | 2024-05-28 | by ( Phil Buehler | Steve Siegel | ) www.nytimes.com time to read: +2 min

To two teenagers from New Jersey, Ellis Island was a forbidden mystery that was tantalizingly close to shore, so we began venturing to the island in a tiny rowboat with a 16-millimeter camera. In the film, they vividly recalled the dizzying experience of arriving and of seeing New York City for the first time. Their brief stay on Ellis Island became the fulcrum — the literal pivot point — of their lives. Today, revisiting our film about the historic role of Ellis Island raises profound questions about the country’s current immigration policies. The stories of those who long ago passed through Ellis Island may suggest an answer to this question.

Persons: Ellis, Emma Lazarus’s Locations: New York Harbor, United States, Manhattan, New Jersey, New York City, Ellis

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ Opinion | A Giant Crater in Siberia Is Belching Up Russia’s Past
▼ + stars: | 2024-05-23 | by ( Sophie Pinkham | ) www.nytimes.com time to read: +1 min

Even the roads are buckling, cracking and collapsing, as if in a slow-motion earthquake. And outside a small town called Batagay, deep in the Siberian hinterland, a crater is rapidly opening up — known to locals as the gateway to the underworld. Already more than half a mile deep and about 3,000 feet wide, the Batagaika crater is growing as the ground beneath it melts. The land is belching up the past and swallowing the present — creating a yawning hole even more dizzying than the huge open-pit mines that already scar the Siberian landscape. In Alaska houses in rural villages are sinking into the ground as the shoreline falls into the sea.

Locations: Russia, Batagay, Canada, China, Tibetan, Alaska

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