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☆ Gov. Hochul Announces $75 Million to Combat Hate Crimes in New York
▼ + stars: | 2023-10-31 | by ( Luis Ferré-Sadurní | More About Luis Ferré-Sadurní | ) www.nytimes.com time to read: +3 min

Kathy Hochul of New York announced on Tuesday up to $75 million in grants for local police departments and houses of worship in response to an uptick in reported antisemitic attacks and hate crimes against Palestinians in the wake of the Israel-Hamas war. The New York Police Department unveiled statistics last week that showed a spike in hate crimes in the city, especially against Jews, after the Hamas attacks on Israel earlier this month, despite an overall decrease in hate crimes this year. There were 51 hate crimes in the third week of October, compared with just seven in the same week last year; 30 were antisemitic, the police said. as a potential hate crime and prompted the school and the State Police to increase security at the school’s Jewish center. Ms. Hochul announced $50 million in grants to help local law enforcement agencies prevent and solve hate crimes.

Persons: Kathy Hochul, Ms, Hochul, —, ”, Eric Adams, Jonathan Lippman Organizations: New York, State Police, New York Police Department, Jewish, Cornell University, Israel, New, City University of New Locations: New, Israel, New York, Yorker, Ithaca, N.Y, Gaza, City University of New York

Cornell University administrators dispatched campus police to a Jewish center after threatening statements appeared on a discussion board Sunday. Cornell President Martha E. Pollack issued a statement explaining there were a series of “horrendous, antisemitic messages” threatening violence against the university's Jewish community, specifically naming the address of the Center for Jewish Living. The Cornell University Police Department is investigating and has notified the FBI of a potential hate crime, she said. Political Cartoons View All 1223 Images“The virulence and destructiveness of antisemitism is real and deeply impacting our Jewish students, faculty and staff, as well as the entire Cornell community,” Pollack said, noting antisemitism will not be tolerated at Cornell. New York Attorney General Letitia James called the threats targeting the Jewish community “absolutely horrific."

Persons: Martha E, Pollack, ” Pollack, Kathy Hochul, Hochul, ” Hochul, Letitia James, ” Organizations: Cornell, Center for Jewish, Cornell University Police Department, New York Gov, The New York State Police, New York Locations: Ithaca , New York, New York City, Cornell, Israel, Gaza

☆ Cornell University students have left campus and are afraid to sleep in their rooms after violent online threats were made against Jewish pupils
▼ + stars: | 2023-10-30 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Violent, anti-Semitic threats were made online against Jewish students at Cornell University. Cornell University police have launched an investigation into the matter and notified the FBI. AdvertisementAdvertisementJewish students at Cornell University are "scared to sleep here" after violent, anti-Semitic threats were made online against the New York college amid the Israel-Hamas war. "But threatening Jewish students," the student said, "feels really unfair." The posts included a shooting threat at 104 West and called for violence against Jewish students, according to the student newspaper.

Persons: —, Molly Goldstein, Goldstein, We've, they've, Martha Pollack, " Pollack, Pollack Organizations: Cornell University, New York, Cornell University police, FBI, Service, New, Ivy League university, college's Center, Jewish Living, Cornell Daily Sun, Cornell, Hamas, Center for Jewish, Cornell University Police, The Cornell Daily Sun, Jewish Locations: New York, Israel, Ithaca, Palestinian, Gaza, Palestine

☆ Authorities investigating online threats of violence against Jewish students at Cornell University, school’s president says
▼ + stars: | 2023-10-29 | by ( Elizabeth Wolfe | Artemis Moshtaghian | ) edition.cnn.com time to read: +7 min

CNN —Cornell University police are investigating a series of antisemitic threats made against the school’s Jewish community in online posts over the weekend, its president announced. “The FBI is aware of the threats made to Cornell University’s Jewish community,” the agency said in a statement. “The virulence and destructiveness of antisemitism is real and deeply impacting our Jewish students, faculty and staff, as well as the entire Cornell community. This cannot be what defines us at Cornell.”Cornell senior Zoe Bernstein, who is Jewish, told CNN she was heartbroken to read the antisemitic posts, which she said have spread fear and distress throughout the campus’ Jewish community. “It’s really, really hard to focus on anything other than all of this,” she said.

Persons: —, Martha E, Pollack, Kathy Hochul, ”, Hochul, David Bauder, ” Hochul, Biden, Cornell, “, Cornell’s Jewish Hillel, Letitia James, ” Pollack, ” Cornell, Zoe Bernstein, … It’s, Bernstein, “ It’s Organizations: CNN — Cornell University, Center for Jewish, Cornell, Cornell Daily Sun, Harvard, University of Pennsylvania, Defamation League, New York State, New York Gov, Cornell’s Center, Jewish, New York State Police Department, Cornell University's Center, FBI, Cornell’s Jewish, ” Cornell University Police Department, New York, CNN Locations: Israel, Ithaca, Cornell, Ithaca , New York, Syracuse

☆ A Cornell history professor apologized for calling Hamas' attacks 'exhilarating' and 'energizing.' His actions are under review by the school.
▼ + stars: | 2023-10-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

A Cornell University history professor has apologized for calling the Hamas attacks on Israel "exhilarating" and "energizing." AdvertisementAdvertisementThe Cornell University history professor who came under intense scrutiny after he called the deadly Hamas terrorist attacks on Israel "exhilarating" and "energizing" has now apologized for his controversial remarks, days after the college confirmed it was investigating his comments. AdvertisementAdvertisementStudents and others quickly called for Rickford's removal from Cornell University in online petitions as Rickford defended his comments to The Cornell Daily Sun. Cornell University President Martha Pollack and Cornell University Board of Trustees Chair Kraig Kayser called Rickford's remarks "reprehensible" and said his actions were under review in a statement to Insider on Tuesday. Cornell University did not immediately respond to a request for comment by Insider on Thursday.

Persons: Russell Rickford, —, Rickford, Gazans, Martha Pollack, Kraig Kayser, Pollack, Kayser Organizations: Cornell University, Ivy League, Service, Cornell Daily Sun, Sunday, Palestinian, Hamas Locations: Israel, Ithaca , New York, United States, Gaza

☆ This is the best university in the U.S, according to global rankings—it isn't an Ivy League
▼ + stars: | 2023-10-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Princeton University earned the top spot on both The Wall Street Journal's and U.S. News and World Report's rankings for 2024. The University of Oxford in the United Kingdom was named the best university in the world for the eighth year in a row, according to Times Higher Education's ranking of over 1,900 universities worldwide. Oxford, the world's second-oldest university, continues to be a global leader in academic research and instruction nine centuries after its conception. Times Higher Education uses metrics across five areas — teaching, research environment, research quality, industry innovations and international outlook — to rank universities around the world. Though the U.S. doesn't hold the top spot, the next three best-ranked universities are American — but the two highest-ranked ones aren't Ivy League schools.

Persons: United Kingdom Stanford University —, Berkeley — Organizations: Ivy League, U.S, Princeton University, U.S . News, University of Oxford, Oxford, university, Higher Education, doesn't, aren't Ivy League, Stanford University and Massachusetts Institute of Technology, Harvard, Princeton, Oxford University, The University of Oxford —, United Kingdom Stanford University, United Kingdom Stanford University — Stanford, United States Massachusetts Institute of Technology, United States Harvard University — Cambridge, United States University of Cambridge —, United Kingdom Princeton University — Princeton, United States California Institute of Technology, United States Imperial College London —, United Kingdom University of California, United States Yale University — New, United States ETH Zurich —, Switzerland Tsinghua University — Beijing, University of Chicago, United States Peking University — Beijing, China Johns Hopkins University — Baltimore, United States University of Pennsylvania, United States Columbia University —, United States University of California, Los Angeles —, United States National University of Singapore — Singapore Cornell University — Ithaca, United States Times Higher Education, CNBC, Global Locations: U.S, United Kingdom, The University of Oxford — Oxford, California, United, United States Massachusetts Institute of Technology — Boston, United States Harvard University — Cambridge , Massachusetts, United States University of Cambridge — Cambridge, United Kingdom Princeton University — Princeton , New Jersey, United States California Institute of Technology — Pasadena , California, United States Imperial College London — London, Berkeley, Berkeley — Berkeley , California, United States Yale University — New Haven , Connecticut, United States, United States ETH Zurich — Zurich, Switzerland, China, University of Chicago — Chicago, Philadelphia, York, Los Angeles, Los Angeles — Los Angeles, New York

☆ Students want a Cornell University history professor fired after he called Hamas' deadly terrorist attacks 'exhilarating' and 'energizing'
▼ + stars: | 2023-10-17 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

A Cornell University professor called the Hamas terrorist attacks on Israel "exhilarating" and "energizing." AdvertisementAdvertisementA Cornell University history professor called the deadly Hamas attacks on Israel "exhilarating" and "energizing" — and now outraged students at the Ivy League college and others want the educator fired. More than 1,400 people were killed in Hamas' attacks and dozens more were taken hostage by Hamas fighters from Gaza, according to Israeli officials. One, which garnered more than 1,400 signatures on the website iPetitions.com, described Rickford's comments as "inappropriate," "offensive," and "divisive." AdvertisementAdvertisementIn a Monday statement, Cornell University President Martha Pollack said that she was "sickened by statements glorifying the evilness of Hamas terrorism."

Persons: Russell Rickford, —, Rickford, Rickford's, Martha Pollack, " Pollack, Cornell, Ethan Glezer, Israel Organizations: Cornell University, New York Ivy League, Service, Ivy League, Cornell Daily Sun, Palestinian, Hamas, Cornell University ., Cornell, Cornell Jewish, Gaza Ministry, Health Locations: Israel, Ithaca , New York, United States, Gaza

Energy Security Minister Claire Coutinho said that Rosebank would be less emissions-intensive compared with older oil and gas developments because they were designed with mitigations in place. Environmental campaigners had urged the government to halt development of Rosebank, saying it contravened the plan for a net-zero economy. Uplift, a campaign group opposed to Rosebank, said Britain would struggle to benefit from Rosebank as most of the oil would be processed abroad. "By approving Rosebank, Rishi Sunak has confirmed he couldn't care less about climate change," Uplift executive director Tessa Khan said. The North Sea Transition Authority, the UK regulator, said it had taken Rosebank's emissions into account in relation to Britain's climate plan.

Persons: Rishi Sunak, Claire Coutinho, Sunak, Caroline Lucas, Rosebank, Tessa Khan, Sarah Young, William James, Ron Bousso, Kate Holton, Jane Merriman Organizations: Energy, Environmental, Green Party, Labour Party, Ithaca Energy, Ithaca Energy's, Transition, Thomson Locations: Ithaca, Britain, Oslo, Rosebank, Equinor

☆ UK gives approval for controversial Rosebank oil and gas field development
▼ + stars: | 2023-09-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A view of Sullom Voe Terminal, an oil and gas terminal in the Shetland Islands on September 2021. LONDON — British regulators on Wednesday gave approval for Norway's energy giant Equinor to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands. The North Sea Transition Authority said it has also given the necessary consent. Finance Minister Jeremy Hunt said: "We are accelerating renewables and nuclear power, but will still need oil and gas for decades to come — so let's get more of what we need from within British waters." The approval comes after Britain in July confirmed plans to issue hundreds of new oil and gas licenses in the North Sea, despite its stated target to decarbonize all of the national sectors of the economy by 2050.

Persons: Equinor, Claire Coutinho, Jeremy Hunt Organizations: LONDON, Transition, Ithaca Energy, . Energy Security Locations: Shetland Islands, North, Shetland

LONDON (AP) — British regulators on Wednesday approved new oil and gas drilling at a site in the North Sea, a move environmentalists say will hurt the country’s attempt to meet its climate goals. The U.K.'s North Sea Transition Authority said it had approved the Rosebank Field Development Plan, “which allows the owners to proceed with their project.”Britain’s Conservative government argues that drilling in the Rosebank field, northwest of the Shetland Islands, will create jobs and bolster the U.K.’s energy security. One of the largest untapped deposits in U.K. waters, Rosebank holds an estimated 350 million barrels of oil. The field is operated by Norway’s Equinor and the U.K. firm Ithaca Energy, which say they plan to invest $3.8 billion in the first phase of the project. The government says it still aims to reduce the U.K.’s carbon emissions to net zero by 2050.

Persons: ”, Norway’s Equinor, Caroline Lucas, Rosebank, Rishi Sunak’s, Sunak, Claire Coutinho Organizations: —, Transition, Conservative, Ithaca Energy, Green Party, Energy, Rishi Sunak’s Conservative Locations: North, Shetland, Ukraine

☆ Here's what you should know about the new pay disclosure laws
▼ + stars: | 2023-09-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —New York State is the latest jurisdiction to implement a pay disclosure law that requires employers to list salary ranges for open roles. “We’re seeing a patchwork [of different pay disclosure requirements], which makes it hard for multistate employers to navigate,” said Monica Snyder Perl, a partner at Fisher Phillips. Some laws require employers to disclose ranges just for base pay, but others mandate that information about compensation and benefits be included as well. The impact of the lawsAll the pay disclosure laws are relatively new. Leniency may continue until employers and regulators work out their questions about each jurisdiction’s pay disclosure rules, which are still being interpreted by employment lawyers and, in some cases, being amended by legislators.

Persons: Fisher Phillips, ”, Monica Snyder, headcount, Perl, Washington ” —, it’s, “, ” Perl Organizations: New, New York CNN — New, New York CNN — New York State, New York, New York State, Evergreen State, Colorado —, Society for Human Resource Management Locations: New York, New York CNN — New York, New York State, New York City, Ithaca, Westchester County, Washington State, Washington, Kansas, Colorado, Hawaii, Illinois, California

☆ Pay secrecy norms have ‘simply lost their teeth,’ say experts. Here's why
▼ + stars: | 2023-09-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Westend61 | Westend61 | Getty ImagesNew York just adopted a pay transparency ruleNew York on Sunday became the latest state to adopt a pay transparency law. The pay transparency movement is relatively new. Fifty-six percent are more likely to apply for a company — even if they don't recognize the company name — if the salary range is listed, Indeed found. For one, pay transparency may lower overall wages of the broader population of employees, even while raising them for the "inequitably underpaid," Obloj and Zenger said. 'There's still plenty to negotiate' beyond salaryOf course, applicants aren't necessarily beholden to the salary or the pay range posted on a job ad, Woodruff-Santos said.

Persons: NCSL, Salary.com, Zenger, Mandi Woodruff, Santos, Woodruff, you've, they've, there's Organizations: Westend61, Getty, Sunday, Employers, National Conference of State Legislatures, National Women's Law Locations: York, California , Colorado, Washington, New York City, Colorado, Ithaca, Albany, Westchester, New York, Jersey, New Jersey, Cincinnati, Toledo, Ohio ; Maryland ; Connecticut, Rhode, Nevada

The India-led International Solar Alliance launched the Green Hydrogen Innovation Centre earlier this year, and India itself approved $2.3 billion for the production, use and export of green hydrogen. Global cooperation on green hydrogen manufacturing and supply is expected to be discussed by G-20 leaders at this week's summit in New Delhi. WHAT IS GREEN HYDROGEN? Boshell said just replacing this so-called gray hydrogen — hydrogen produced from fossil fuels — would ensure a long-term market for green hydrogen. And then we can add additional demand and applications of green hydrogen as a fuel for industries, shipping and aviation,” he said.

Persons: Francisco Boshell, Robert Howarth, Boshell, ” Organizations: Solar Alliance, Hydrogen Innovation, International Renewable Energy Agency, Energy, Commission, Cornell University, Action, International Energy Agency, AP Locations: BENGALURU, India, New Delhi, Abu Dhabi, Ithaca , New York

☆ Mom takes son to Churchill, Canada, for a week of education no school can match
▼ + stars: | 2023-08-26 | by ( Terry Ward | ) edition.cnn.com time to read: +14 min

We were in Churchill, a town of roughly 900 people nicknamed the “Polar Bear Capital of the World,” in Canada’s Manitoba province. A male polar bear rests during a Tundra Buggy ride into the Churchill Wildlife Management Area in August. People have to learn to co-exist with polar bears in Churchill, where some of them stay waiting for sea ice to refreeze. Hudson Bay polar bears are among the most vulnerable on Earth because of loss of sea ice, with their numbers in sharp decline. They arrive as soon as the sea ice breaks up to feast on small fish called capelin that spawn here.

Persons: we’re, I’d, Nico, Ursula, Jim Baldwin, Baldwin, Alex Cupeiro, “, Terry Ward, you’re, Terry Ward I’d, we’d, Barba, can’t, Jennifer Diment, “ Churchill, Ward, Chantal Maclean, ”, ” Maclean, ” Nico, Chantal, he’d, John Gunter, Fronters, velcroed, Indiana Jones, Joe, he’d maxed, Sandra Cook, Churchill Organizations: CNN, Polar Bears, Churchill Wildlife Management, Churchill Wildlife Management Area, Frontier North, Zodiac, Helicopters, Bear Holding, “, Churchill Locations: Churchill, Canada’s Manitoba, Florida, Hudson Bay, Hudson, Tampa, Winnipeg, Churchill’s, Svalbard, Norway, Stockholm, Oslo, Toronto, Denver, Vancouver, Washington, Ithaca, SS Ithaca

☆ School is back, and so is ChatGPT
▼ + stars: | 2023-08-19 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

Since it was made available in late November, ChatGPT has been used to generate original essays, stories and song lyrics in response to user prompts. Students are already using AIAccording to a study conducted by higher education research group Intelligent.com, about 30% of college students used ChatGPT for schoolwork this past academic year and it was used most in English classes. Jules White, an associate professor of computer science at Vanderbilt University, believes professors should be explicit in the first few days of school about the course’s stance on using AI and that it should be included it in the syllabus. Courtesy Diane GayeskiDiane Gayeski, a professor of communications at Ithaca College, said she plans to incorporate ChatGPT and other tools in her fall curriculum, similar to her approach in the spring. Some schools are hiring outside experts to teach both faculty and students about how to use AI tools.

Persons: Lance Eaton, ” Eaton, “ It’s, ChatGPT, Bard, Jules White, ”, “, ” Vanderbilt, White, ’ ”, Diane Gayeski, Diane Gayeski Diane Gayeski, Gayeski, Tyler Tarver, he’s, ” Tarver, Tarver Organizations: New, New York CNN, CNN, Google, Vanderbilt University, Ithaca College Locations: New York, Rhode, Texas , Arkansas, Illinois

☆ Cornell University ended its partnership with Starbucks after students claimed the coffee company engaged in union busting. The move could be a major step for unionization efforts, labor experts say.
▼ + stars: | 2023-08-18 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +5 min

So they need to think of other ways to generate pressure," Kallas told Insider. "This shows what students and Starbucks workers demanding accountability can look like," Brisack told Insider. Union organizers across these stores, many of whom were also Cornell students, said the closures constituted an act of union-busting. Sara Trilling, president of Starbucks North America, said Starbucks later closed the remaining Ithaca stores in an ongoing effort to "transform our store portfolio." Evan Sunshine, a Cornell student who worked at two different Ithaca Starbucks locations until each one closed, said Cornell's decision is a step in the right direction.

Persons: unionize, Danielle Donovan, Andrew Trull, Trull, Johnnie Kallas, they've, Kallas, Jaz Brisack, Brisack, Nick Wilson, Sara Trilling, Evan Sunshine, I'm, Cornell Organizations: Cornell University, Labor, Starbucks, Service, Privacy Policy Cornell University, Starbucks Workers United, Cornell, Cornell University's Labor, Workers United, Starbucks Workers, Union, National Labor Relations Board, Sunshine Locations: Ithaca , New York, Wall, Silicon, United States, Ithaca, Cornell's, Starbucks North America

☆ 40% of business leaders think recent Gen Z college graduates aren't prepared to enter the workforce, new survey says — and some said they won't even hire them
▼ + stars: | 2023-08-07 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

40% of business leaders in a new survey indicated recent Gen Z college grads are unprepared for the workplace. Of that subset, 94% said that they have avoided hiring recent college graduates. The survey indicated that 40% of the business leaders surveyed think recent college graduates are unprepared to enter the workforce. The poor perception of recent Gen Z graduates on some business leaders may even be impacting their hiring decisions, the survey indicated. Gayeski said that since Gen Z was still in school during the pandemic, this could have stunted their "people skills."

Persons: Gen, Gen Z, Zers, Diane Gayeski, Gayeski Organizations: Service, Zip, Ithaca College, Wall Street Locations: Wall, Silicon

☆ Starbucks Is Stuck on Union Time
▼ + stars: | 2023-07-17 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/starbucks-union-ithaca-ny-nlrb-ruling-arthur-amchan-81714f39

Persons: Dow Jones, arthur, amchan Locations: ithaca

☆ The Days Were Long and the Years Were Longer
▼ + stars: | 2023-07-03 | by ( Eleanor Henderson | ) www.nytimes.com time to read: +2 min

At the margins of “The Light Room,” the pandemic persists. We glimpse it in the colorful masks of the children in the park, in the Halloween candy chute, in attempts to schedule vaccines. Mostly, though, Covid is not the protagonist but the force that keeps the family indoors, that amplifies their isolation. “The Light Room” is ultimately, as Zambreno writes, “a collection of meditations.” Some may indeed find them “translucent” — light-catching, yes, but also insubstantial. Readers looking for sturdier insights into what the virus has meant for human history are unlikely to discover them here.

Persons: Covid, John, snot, Joseph Cornell, Natalia Ginzburg, Italo Calvino, David Wojnarowicz, Hiroshi Sugimoto, Yuko Tsushima, I’ve, Zambreno, “, Eleanor Henderson, ” Organizations: Cornell, Ithaca College Locations: naps

☆ Let's set the table for the second half by reflecting on this year's hated bull market
▼ + stars: | 2023-07-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

You don't get the best first-half Nasdaq rally in 40 years simply because the Federal Reserve did this, or the yield curve in the bond market did that. It was almost as if it was prosaic to seek profits, like, "How dare you defy the teachings of the yield curve, you foolish soon-to-be- broke apostate." It was the second move, the second week of March, that told the second tale of the first half: the fall of Silicon Valley Bank. Here we had an out-of-nowhere collapse of a well-known seemingly well-run bank that ran afoul, again, of the yield curve. No company could rival Club stocks Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Microsoft and Meta Platforms (META) — nice metamorphous there and Tesla , not a Club name.

Persons: William Jennings Bryan, Gandhi, Bud, Altman, Sam Altman, Jensen Huang, Jensen, mutt, Cezanne, Monet, Shakespeare's Henry IV, Carl Quintanilla, David Faber, da, Lisa's, Wendy's, Scylla, Charybdis, ChatGPT, haut, Morgan Stanley's Mike Wilson, aren't, They've, isn't, Goldman Sachs, Tesla, Didn't, Freddie, Lehman, Jerome Powell, We've, it's, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Mad Organizations: Nasdaq, Federal Reserve, Intel, The New York Times, Veterans, Club, Microsoft, Nvidia, Globe Theatre, Silicon Valley Bank, Fed, Apple, Meta, RCA, US Steel, Washington Mutual, AIG, IBM, Jim Cramer's Charitable, CNBC, NYSE Locations: America, Philadelphia, OpenAI, Oz, Queens, mull, Ithaca, Weimar, Silicon, Republic, Valley, Delray , Florida, Alleghany, China

☆ Crypto is dead: long live crypto!
▼ + stars: | 2023-06-16 | by ( Felix Martin | ) www.reuters.com time to read: +8 min

The end of near-zero interest rates, quantitative easing and pandemic-era fiscal stimulus has sent prices crashing back to earth. Rising real interest rates have proved to be kryptonite for crypto, as for so many other speculative assets. The normalisation of interest rates may have done for crypto in its most recent incarnation as a get-rich-quick scheme. The proposition that the circulation of private currencies might be economically beneficial has also been around for a while. Nevertheless, history shows that for privately issued currencies to attain critical mass it has typically required more than just the availability of viable alternatives.

Persons: cryptocurrencies, Gary Gensler, noncompliance, Balaji Srinivasan, marc ”, Paul Krugman, Friedrich Hayek’s, Money ”, James Steuart, ”, Crypto, Long, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, SEC, State, Brixton, counterparties, Central Bank of, Thomson Locations: Ithaca, Scottish, United States, Central Bank of Argentina

☆ BlocPower: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Brooklyn-based cleantech company BlocPower is squarely positioned with a mission to fight climate change while solving social injustices, focusing on renewable energy, reduction of carbon pollution, and urban redevelopment in lower-income areas. BlocPower was founded in 2014 by Donnel Baird, the child of Guyanese immigrants, who drew on his experience growing up in the Bedford-Stuyvesant area of Brooklyn in an apartment without well-functioning heating and cooling systems. This retrofitting of older buildings can lead to major energy savings, 30% to 50%, and a reduction of at least 40% in greenhouse gas emissions, BlocPower says. In Buffalo, BlocPower inked a contract with utility National Fuel Gas Company to upgrade hybrid heating and cooling systems in 34 low-to-middle income residential and commercial buildings. It also sealed a deal with Fujitsu General America to bring a better-functioning automatic heating and cooling unit to the U.S.

☆ American, Delta, and United have collectively dropped 74 US airports since the pandemic — see the full list
▼ + stars: | 2023-04-05 | by ( Taylor Rains | Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

American Airlines, Delta Air Lines, and United Airlines have exited 74 airports since 2020. Some of the airports are in the Essential Air Service program and are now served by a new airline. In September 2022, the company's research revealed American Airlines, Delta Air Lines, and United Airlines had exited 59 airports. In total, American has left 19 airports, Delta has exited 17, and United has departed 38. American, Delta, and United have all cut routes in recent years, citing poor performance and the pilot shortage as contributing factors.

☆ BTS agency HYBE seeks U.S. deals after withdrawing bid for SM Entertainment
▼ + stars: | 2023-03-15 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

[1/2] Members of K-pop boy band BTS pose for photographs during a news conference promoting their new album "BE(Deluxe Edition)" in Seoul, South Korea, November 20, 2020. The company's efforts to expand its portfolio of music labels and fan community platforms come after HYBE on Sunday withdrew its plan to take over rival label SM Entertainment (041510.KQ) after a weeks-long battle with social media giant Kakao (035720.KS). HYBE owns multiple subsidiary labels and management companies including Ithaca Holdings, boasting a range of artists including BTS, Ariana Grande and Justin Bieber. The slowdown was largely, but not exclusively, due to the absence of BTS, who are currently on a break as a group, he said. Bang declined to comment on details of a new partnership deal with Kakao Entertainment on fan platform businesses, but added he was "personally satisfied" with the arrangement despite losing the bid to acquire SM Entertainment.

Hong Kong/Seoul CNN —The billionaire mastermind behind some of the world’s biggest K-pop stars is pushing back on accusations that he’s trying to monopolize the Korean music industry. “It wouldn’t be correct to say that we’re trying to take over the whole industry,” Bang told CNN in an exclusive interview in Seoul. Bang Si-Hyuk, who chairs the HYBE management agency, spoke with CNN's Richard Quest on Tuesday. “When the two companies are combined, a monopoly and oligopolistic group of companies that account for approximately 66% of total market sales will be created,” it told CNN. The company would then announce the outcome and next steps, it told CNN on Friday.

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