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Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. Brent crude futures closed below $84 a barrel for the first time since Hamas Islamists' Oct. 7 attack on Israel. A recovery in oil exports from the Organization of Petroleum Exporting Countries also added to the pressure on oil prices, UBS analyst Giovanni Staunovo said. On the demand side, China's crude oil imports in October showed robust growth but its total exports of goods and services contracted at a quicker pace than expected. "There are concerns in the oil markets about both rising supply and sliding demand," said Mizuho analyst Robert Yawger.

Persons: Nick Oxford, Powell, Craig Erlam, Giovanni Staunovo, Staunovo, Brent, Fiona Cincotta, Neel Kashkari, Jerome Powell, Robert Yawger, It's, Shariq Khan, Trixie Yap, Yuka Obayashi, David Gregorio, Matthew Lewis Organizations: Midland , Texas U.S, REUTERS, bbl, BENGALURU, Brent, U.S, West Texas, Traders, Organization of Petroleum, UBS, U.S . Energy Information Administration, ., Minneapolis Federal, Investors, Thomson Locations: Midland , Texas, Israel, U.S, Bengaluru, Singapore, Tokyo

☆ Election Day 2023 Voters to Offer Clues on Abortion Politics and 2024 in Off-Year Election Day
▼ + stars: | 2023-11-07 | by ( Neil Vigdor | Sarah Baird | ) www.nytimes.com time to read: +7 min

Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Even in deeply Republican states like Kansas, voters have overwhelmingly supported abortion access. Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. If voters agree, Ohio would become the 24th state to legalize marijuana.

Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin, Youngkin, Daniel Cameron, Andy Beshear, Steve Beshear, Beshear, Roe, Wade, Frank LaRose, Thomas E, Dobbs, Jackson, Tate Reeves, Brandon Presley, Presley’s, Brett Favre, Reeves, I’ve, Mr, Presley, Elvis Presley, Elizabeth Warren of Organizations: New York Times, Democratic, Republican, State Senate, Republicans, —, Supreme, Affordable, Mississippi Public Service Commission, Texans, Liberal Locations: Ohio, Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond, Kansas, Mississippi, Dobbs v, Nettleton, Elizabeth Warren of Massachusetts

Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. That could put pressure on Congress to move forward legislation at least to ease restrictions on interstate banking for legal cannabis businesses. Texans will also decide whether to raise the mandatory retirement age of state judges to 79, from 75.

☆ Star-filled Euclid images spur mission to probe 'dark universe'
▼ + stars: | 2023-11-07 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

PARIS, Nov 7 (Reuters) - European astronomers on Tuesday released the first images from the newly launched Euclid space telescope, designed to unlock the secrets of dark matter and dark energy - hidden forces thought to make up 95% of the universe. Scientists believe vast, seemingly organised structures such as Perseus could only have formed if dark matter exists. "The rest of the universe we call dark because it doesn't produce light in the normal electromagnetic spectrum. Tell-tale signs of the hidden force exerted by dark matter include galaxies rotating more quickly than scientists would expect from the amount of visible matter that can be detected. We think there's lots of dark matter in that cluster and pulling these galaxies together," she added.

Persons: Carole Mundell, Mundell, Euclid, we've, Europe's, NASA's James Webb, You'll, Tim Hepher, Steve Gorman, Alex Richardson Organizations: European Space Agency, NASA, Reuters, Hubble, ESA, SpaceX, NASA's James Webb Space Telescope, Thomson Locations: Darmstadt, Germany, Spain, Ukraine, Florida, Los Angeles

☆ It's a terrible time to be a HENRY
▼ + stars: | 2023-11-07 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com time to read: +8 min

Their wage and job growth is slower than lower earners, they're piling on debt, and childcare costs are soaring. Workers with earnings in the bottom 10% of wages saw higher wage gains than those in the top 10%. AdvertisementAdvertisementWhile wage gains have stabilized a bit, the bottom half of workers are still notching greater gains than those at the top. Meanwhile, the already rich — those who make over $250,000 — only saw their childcare costs increase by about 4%. As the labor market continues to slow, and childcare costs only rise with the end of pandemic-era subsidies , it might continue to be a bad time to be a HENRY.

Persons: —, there's, Aaron Terrazas, What's, Priya Malani, HENRYs, Goldman Sachs, they're, HENRY Organizations: Service, MIT, University of Massachusetts Amherst, of Economic Research, Bureau of Labor Statistics, Bank of America Institute, Walmart, Consumer Finances, Federal Reserve, Fed

☆ Supreme Court Hears a Major Case on Gun Rights and Domestic Violence
▼ + stars: | 2023-11-07 | by ( Adam Liptak | More About Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court will hear arguments on Tuesday on whether the government may disarm people subject to domestic violence orders. The question is important, of course, as studies have demonstrated that the combination of domestic strife and firearms can be lethal. The Supreme Court itself recognized this in a 2014 majority opinion. “All too often, the only difference between a battered woman and a dead woman is the presence of a gun,” Justice Sonia Sotomayor wrote for the court, quoting a lawmaker. But the potential sweep of the decision in the new case extends far beyond domestic abuse.

Persons: Sonia Sotomayor Locations: Maine

☆ The US is quietly arming Taiwan against a Chinese invasion — but it could backfire
▼ + stars: | 2023-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn late August, the US approved an $80 million military grant to arm Taiwan against a potential Chinese invasion. It's part of a plan to wrong-step China's leaders and make them uncertain about how exactly the US would respond to Chinese attacks on Taiwan. "Those military packages are the Biden administration's efforts to build Taiwan's defense capabilities at a faster pace to match PLA [Chinese military] modernization efforts," said Kuo. Provoking ChinaSince the 1970s, the US has had a delicate diplomatic relationship with China, acknowledging the "One China" policy under which China claims ownership of Taiwan, yet also backing Taiwanese autonomy. "That could easily provoke exactly the Chinese attack on Taiwan that US policy aims to deter," he wrote.

Persons: Xi, —, Biden, Xi Jinping, HECTOR RETAMAL, Joe Biden, Graeme Thomson, Naiyu Kuo, Kuo, Thompson, Hugh White, Beijing's, Kavanagh Organizations: Taiwan, Service, Bloomberg, BBC, Communists, CNN, Getty Images, White, Eurasia Group, PLA, China, Strategic Studies, Australian National University, US Locations: China, Taiwan, Taiwan's, Taiwan Strait, China's, Fujian province, AFP, Washington ,, Beijing, Washington

☆ Workers are missing cog in US manufacturing gears
▼ + stars: | 2023-11-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, Nov 7 (Reuters Breakingviews) - There’s a spanner in the freshly restarted U.S. manufacturing machine. Based in part on the planned construction spending, Goldman Sachs analysts estimate that Biden’s initiatives could lead to as many as 250,000 new manufacturing jobs over the next two years. Pay growth is also cooling faster for production and manufacturing jobs, at 4.2% year-over-year in August, down from an 11% annual peak in December 2021 and compared to the national average of 4.5%, according to jobs website Indeed. By 2030, technological and cognitive skills in the manufacturing sector will be in far higher demand as the share of physical and manual tasks drops by more than a quarter from 2016, McKinsey says. The U.S. manufacturing engine may be humming along now, but employment-related complications threaten to throw sand in the gears.

Persons: Joe Biden’s, Biden, Goldman Sachs, There’s, it’s, Sam, Francesco Guererra, Sharon Lam Organizations: Reuters, Deal, Taiwan Semiconductor Manufacturing, Samsung Electronics, Intel, Bosch, Linde, Public, Ford, SK Innovation, Reuters Graphics Reuters, Department, Bureau of Labor Statistics, McKinsey, University of Massachusetts, Economy Research, of Labor Statistics, Thomson Locations: Arizona, U.S, United States, China, Europe, Asia, it’s, Germany, Amherst

☆ House Censures Rashida Tlaib, Citing ‘River to the Sea’ Slogan
▼ + stars: | 2023-11-07 | by ( Kayla Guo | More About Kayla Guo | ) www.nytimes.com time to read: +6 min

The House voted on Tuesday to censure Representative Rashida Tlaib, Democrat of Michigan, formally rebuking the sole Palestinian American in Congress for her statements regarding the Israel-Hamas war. Four Republicans voted against censuring Ms. Tlaib, while one Democrat and three Republicans voted “present,” declining to take a position. After the gavel fell, Democratic lawmakers, mostly progressives, surrounded Ms. Tlaib on the floor and embraced her. Ms. Tlaib has been by far the most vocal member of Congress to do so. The debate pitted mainstream Democrats against the most progressive lawmakers in the House, many of them women of color who surrounded Ms. Tlaib on the floor as the censure was considered.

Persons: Rashida Tlaib, Tlaib, ”, censuring Ms, “, Rich McCormick, Israel —, — “, Tlaib’s, Ms, Biden, Ilhan Omar, Ayanna S, Pressley, Republicans “, Hakeem Jeffries, Brad Schneider of Illinois, Mr, Schneider, “ Tlaib, Marjorie Taylor Greene, Israel, Greene, Ken Buck, “ It’s, Karoun Demirjian Organizations: Palestinian American, Republicans, Democratic, Republican, Defamation League Locations: Michigan, Israel, Gaza, Georgia, Palestinian, Jordan, Minnesota, Massachusetts, New York, Colorado

☆ Opinion: The Supreme Court may make America’s gun violence problem even worse
▼ + stars: | 2023-11-06 | by ( Opinion Shannon Watts | ) edition.cnn.com time to read: +7 min

It’s also a clear sign that the gun safety movement needs to get to work reforming the Supreme Court. Regardless of how Rahimi is decided, the Supreme Court has already done enormous damage to our ability to keep Americans safe from gun violence. We need Supreme Court expansion to restore balance and sanity to the Court. Fortunately, Supreme Court expansion is clearly constitutional: Congress has done it multiple times throughout American history and we can do it again. Expanding the Supreme Court would be yet another way we can fight the war against senseless gun violence.

Persons: Shannon Watts, Christopher Langford, It’s, Bruen, Rahimi, Sandy Hook, Bill Clinton, Sens, Ed Markey, Elizabeth Warren, Tina Smith, Jamie Raskin, Jerrold Nadler, Hank Johnson, Biden’s Organizations: CNN, York, National Rifle Association, Shooting Sports Foundation, NRA, New York’s Department of Financial Services, Supreme, US, Representatives, Democrat, Maryland Locations: America, Lewiston , Maine, United States, Bruen, Massachusetts, Minnesota, New York, Georgia

☆ China boldly claims it has a plan to mass produce humanoid robots that can 'reshape the world' within two years
▼ + stars: | 2023-11-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

China revealed its bold plans to mass produce "advanced-level" humanoid robots by 2025. The MIIT believes that humanoid robots will be as "disruptive" as smartphones and electric vehicles. AdvertisementAdvertisementChina revealed ambitious plans to mass produce humanoid robots, which it believes will be as "disruptive" as smartphones. For example, Chinese startup Fourier Intelligence said it would start mass producing its GR-1 humanoid robot by the end of this year, South China Morning Post reported. Even Tesla is developing its own humanoid robots called Optimus, or Tesla Bot, as Elon Musk revealed in 2021.

Persons: —, that's, Damion Shelton, Tesla, Elon Musk, Musk Organizations: China's Ministry of Industry, Information Technology, Service, Bloomberg, Intelligence, China Morning Post Locations: China, Shanghai, Oregon, Seattle

☆ Argentina polls show election race tightening; winner hard to call
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] Argentina's presidential candidate Sergio Massa speaks during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. REUTERS/Cristina Sille/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 6 (Reuters) - Argentina election polls are showing an increasingly tight race between Peronist economy minister Sergio Massa and radical libertarian Javier Milei ahead of a runoff ballot on Nov. 19. The new poll surveyed 2,324 people between Nov. 1-3 and claimed a margin of error of 2.4%. "The difference in favor of Sergio Massa was reduced from 8 to 3 points compared to the first three days after the general election, when the impact of his win shook everything up," Analogias said. Another poll, from Brazil-based Atlas Intel, meanwhile, showed Milei ahead of Massa with 48.5% to 44.7%, with some 7% of people responding "don't know" or saying they would vote blank.

Persons: Sergio Massa, Cristina Sille, Javier Milei, Analogias, Massa, Milei, Patricia Bullrich, Mauricio Macri, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, International Monetary Fund, Milei, Massa, Intel, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil

☆ Multinationals plan moves to minimise China risk, ECB survey shows
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Seeking on-the-ground confirmation, the ECB surveyed 65 very large firms with a global footprint and 49% said they were looking to "near-shore", or bring production closer to the point of sales. "As to those countries which posed – or could pose – a risk to supply chains in their sector more generally, two-thirds of all respondents cited China," the ECB said in an Economic Bulletin article. "A large majority of these identified China as that country, or one of those countries, with all of them considering this an elevated risk," the ECB added. The moves could also fuel inflation as close to half of firms said they expected the changes to result in higher prices, the paper added.

Persons: Heiko Becker, Balazs Koranyi, Andrew Heavens Organizations: European Central Bank, REUTERS, Rights, ECB, European, Thomson Locations: Frankfurt, Germany, China, Ukraine

☆ With ‘Dream Scenario,’ Nicolas Cage Reclaims the Memes
▼ + stars: | 2023-11-05 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +2 min

Nicolas Cage is not afraid to go big. “It’s not going to be the same old, same old.”But at some point, that bigness is exactly what audiences came to predict from him. Cage could sense that shift but felt powerless to stop it: How should a star react when the public’s changing perception starts to turn like a tidal wave? Cage sent up his persona by playing a heightened version of himself in last year’s “The Unbearable Weight of Massive Talent” but found even more to mine in “Dream Scenario,” which has its limited release next Friday. Still, once those collective dreams become nightmares, the hapless professor is helpless against the public backlash.

Persons: Nicolas Cage, “, Peggy Sue Got, Pokey, Nicolas Coppola, Luke Cage’s —, ‘ Nic Cage, ’, “ It’s, YouTube supercuts, —, Ari Aster, Kristoffer Borgli, Cage, Paul Matthews, Paul Organizations: Beverly Hills, YouTube Locations: “, Beverly

☆ The Maine gunman was a ‘textbook case’ for a state law designed to remove firearms from people like him. Why didn’t it work?
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | Emma Tucker | ) edition.cnn.com time to read: +19 min

Lewiston, Maine CNN —The signs were there: hearing voices, expressing paranoid thoughts and making threats so violent, extra patrols were sent to guard a military installation. Instead, law enforcement relied on the gunman’s family to keep guns from him after they tried without success to talk to the reservist. Sheriff Joel Merry told CNN on Saturday law enforcement officers weren’t able to make contact with Card during two visits. The Sagadahoc County Sheriff’s Office sent an alert to other law enforcement agencies saying they were trying to locate Card. The fact law enforcement in Maine didn’t utilize the yellow flag law in Card’s case could point to its shortcomings, Rocque said.

Persons: Robert Card, ”, Michael Rocque, Rocque, Shannon Frattaroli, ” Frattaroli, Sheriff Joel Merry, ’, Merry, “, Alex Piquero, Piquero, Card, Michael Sauschuck, hadn’t, ” Sauschuck, Robert F, Roque, Jack Clements, WMTW, Sheriff Merry, Card’s, Salwan Georges, Aaron Frey’s, ” Rocque, It’s, Janet Mills, Erin Clark, ” CNN’s Shimon Prokupecz, Mark Morales Organizations: Maine CNN, US Army, CNN, Bates College, Lewiston , Maine . Maine Department of Public Safety Authorities, D.C, Johns Hopkins Bloomberg School of Public Health, Center, Gun Violence Solutions, “, Sheriff’s, University of Miami, US, of Justice Statistics, 3rd Battalion, Army, Public, Alcohol, Tobacco, Firearms, Explosives, ATF, Saco Police, New York Times, Army Reserve, ” CNN, Sheriff’s Office, An Army, Maine Department of Public Safety, Giffords Law, Washington Post, Maine Gov, Army National Reserve Unit, Boston Globe Locations: Lewiston, Maine, Lewiston ., “, Lewiston , Maine, Washington, Sagadahoc, Auburn , Maine, Saco, WMTW Maine, Lisbon , Maine, ” Maine, New York

☆ Sam Bankman-Fried faces over 100 years in prison at sentencing. Experts weigh in on how much time he'll actually get
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he'll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself. "So I should preface this by saying I'm not a lawyer," Bankman-Fried began one answer. After several dozen of these instances, the government often presented evidence that would either directly refute the defendant's testimony or offer an answer to the question Bankman-Fried had dodged. So now, the question of prison time goes to Judge Kaplan.

Persons: Sam Bankman, Lewis Kaplan, Kaplan, Judge Kaplan, I'm, Fried, FTX, Danielle Sassoon, wasn't Organizations: Southern, of, Massachusetts Institute of Technology, CNBC Locations: of New York, Manhattan, Alameda, FTX

American military officials say that the smaller bombs are much better suited to the dense urban environments of Gaza. The United States is now trying to send more of the smaller bombs to Israel, said the senior military official. If the United States can get those smaller munitions to Israel, American officials hope Israel will use them to mitigate the risk to civilians. The United States is also using aircraft on the two carriers in the Mediterranean to help collect additional intelligence, including electronic intercepts. While the United States has increased the amount of intelligence that it is sharing with Israel, U.S. officials stressed they are not helping Israel pick targets for strikes.

Persons: Biden, Blinken, Netanyahu, Nir, ” Israel, ”, Iddo Ben, Anat, “, Seth Moulton, ” Mr, Moulton, Mr Organizations: Israeli Defense Forces, The New York Times, United, Democratic, Hamas, ” Locations: Gaza, United States, Israel, U.S, Jabaliya, Gaza City, Lebanon, The United States, Amman, Jordan, Massachusetts, Iraq, Tel Aviv

☆ Thomas Gryta — Reporter at The Wall Street Journal
▼ + stars: | 2023-11-03 | by ( Thomas Gryta | ) www.wsj.com time to read: +1 min

Thomas GrytaThomas Gryta covers General Electric and corporate news for The Wall Street Journal in New York. His coverage spans how companies navigate the changing economy and society along with financial and operational challenges. He later covered the biotechnology and pharmaceuticals industry, then moved to the Journal in 2013 to cover telecommunications before shifting to the industrials beat in 2017. Tom is a former Knight-Bagehot Fellow at Columbia University and studied history at the University of Massachusetts at Amherst. With Journal colleague Ted Mann, he is co-author of the book “Lights Out: Pride, Delusion, and the Fall of General Electric,” which details the decline of the former titan of American business.

Persons: Thomas Gryta Thomas Gryta, Dow Jones, Tom, Ted Mann Organizations: Electric, Wall Street, Dow, Columbia University, University of Massachusetts, Amherst, General Electric Locations: New York, London

☆ This city never slept. Now with China tightening its grip, is the party over?
▼ + stars: | 2023-11-03 | by ( Chris Lau | ) edition.cnn.com time to read: +16 min

China’s message at the time was that even if change was coming to Hong Kong, its spirit of “anything goes” would be staying put. People gather outside a restaurant on a near-empty street in the Soho area of Hong Kong. Officials say they were “fluorescent.”A Hong Kong government spokesman told CNN this week that the activities were “well-received by local residents and tourists”. Under Hong Kong’s pandemic restrictions, live music was all but banned in small venues for more than 650 days. Months before the virus emerged, China had been tightening its grip on Hong Kong in response to pro-democracy protests that had spread throughout the city.

Persons: Hong Kong, Boy George, Grace Jones, Pete Tong, Paul Oakenfold, China’s, Deng Xiaoping, China –, Deng, Deng’s, –, Noemi Cassanelli, Hong, John Lee, “, ”, Gary Ng, Covid, Benson Wong, Wong, Lan Kwai Fong, Cassanelli, Hong Kongers, Kongers, Ng, Yan Wai, ” Yan, hasn’t, Billy H.C, Kwok, Richard Feldman, Feldman, Becky Lam, ” Lam, “ They’ll, ” Feldman, Kwai Fong, Marco Chan, Chan, ” Allan Zeman, Allan Zeman, Lan, CNN “ They’ll, they’ll, Lam, Hong Kong’s Organizations: Hong Kong CNN, East, West, Britain, Occupy Central, National Security, Michelin, CNN, Hong, Tai Hang, National, Hong Kong Wine, HKSAR, Immigration Department, Chinese University of Hong, Soho Association, Netflix, “, Lan Kwai Fong Group, Hong Kong, Shady Locations: China, Hong Kong, Asia, Hong, Soho, Japan, Singapore, Tai, Thailand, Lan Kwai, expats, Britain, Canada, Australia, Natixis, Chinese University of Hong Kong, Lan, revelers, California, Central, Shenzhen, Hong Kong’s Central, Bangkok, Shanghai, Taipei, Petticoat

Since taking office, President Biden has traveled a grim path through American communities desperately grieving in the wake of mass shootings: Uvalde, Texas; Monterey Park, Calif.; Buffalo; Atlanta. On Friday, he added another to the list: Lewiston, Maine. Mr. Biden huddled privately with the families of those killed or injured during last month’s rampage that claimed the lives of 18 people at a bar and a bowling alley in the city about an hour north of Portland. “Jill and I are here on behalf of the American people to grieve with you, and make sure you know that you’re not alone,” Mr. Biden said after stopping by a makeshift memorial in Lewiston with his wife, Jill Biden. For Mr. Biden, whose own life has been shaped by grief, it is a role he embraces as a necessary part of healing.

Persons: Biden, “ Jill, you’re, ” Mr, Jill Biden Locations: , Texas, Monterey Park, Calif, Buffalo, Atlanta, Lewiston , Maine, Portland, Lewiston

☆ Jurors in Sam Bankman-Fried criminal trial begin deliberations
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses. The case was handed to the jury around 3:15 p.m. on Thursday, after U.S. District Judge Lewis Kaplan finished reading aloud 60 pages worth of instructions. A verdict could come as early as Thursday afternoon, and Judge Kaplan previously ordered the jury to stay until 8:15 p.m, offering free pizza and Uber rides home. Judge Kaplan has encouraged the expedited timeline, holding jurors until 6:30 p.m. on Wednesday in order to finish closing arguments.

Persons: Sam Bankman, Fried, District Judge Lewis Kaplan, Judge Kaplan, he's, — Organizations: U.S, District, Alameda Research, Massachusetts Institute of Technology, Stanford Locations: New York City, Manhattan

☆ Sam Bankman-Fried found guilty on all seven criminal fraud counts
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. Bankman-Fried, the 31-year old son of two Stanford legal scholars and graduate of Massachusetts Institute of Technology, was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. Both pleaded guilty in December to multiple charges and cooperated as witnesses for the prosecution. The issue, he said, is whether Bankman-Fried knew that taking the money was wrong. Holmes, 39, was convicted in early 2022 on four counts of defrauding investors in Theranos after testifying in her own defense.

Persons: Sam Bankman, Caroline Ellison, Bankman, FTX, Gary Wang, Fried, Nicolas Roos, Roos, Elizabeth Holmes, Holmes, —, Dawn Giel Organizations: Stanford, Massachusetts Institute of Technology, Alameda Research, Alameda ., U.S Locations: Alameda, FTX, Theranos, Bryan , Texas

☆ Who will care for older adults? We’ve plenty of know-how but too few specialists
▼ + stars: | 2023-11-02 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +7 min

Research suggests each geriatrician should care for no more than 700 patients; the current ratio of providers to older patients is 1 to 10,000. In some respects, geriatrics has been remarkably successful in disseminating principles and practices meant to improve the care of older adults. Under this model, older adults with acute but non-life-threatening illnesses get care at home, managed closely by nurses and doctors. In July 2019, the American College of Surgeons created a program with 32 standards designed to improve the care of older adults. The bright lights, noise, and harried atmosphere in hospital emergency rooms can disorient older adults.

Persons: Jerry Gurwitz, “, ” Gurwitz, What’s, “ There’s, ”, geriatrician Gregg Warshaw, geriatrics, Michael Harper, Thomas Robinson, geriatricians, Dr, Sanjay Gupta, Lisa Walke, Harper Organizations: CNN, University of Massachusetts Chan Medical, National Academies of Sciences, Engineering, Medicine, American Geriatrics Society, University of North Carolina School of Medicine, University of California, Seniors, American College of Surgeons, Initiative, Geriatric, American College of Emergency Physicians, Centers, Medicare, Medicaid Services, UCLA, Indiana University, Johns Hopkins University, UCSF, Get CNN, CNN Health, Penn Medicine, University of Pennsylvania, KFF Health, Kaiser Health, KFF Locations: United States, San Francisco

☆ Sam Bankman-Fried built crypto empire on 'pyramid of deceit,' prosecutors say in closing
▼ + stars: | 2023-11-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. The main thing the jury has to decide, Roos said, is whether Bankman-Fried knew that taking the money was wrong. "It was uncomfortable to hear," Roos said, adding that Bankman-Fried said "I can't recall" over 140 times during questioning by the government. Roos said Bankman-Fried is the one who gave special privileges to Alameda, which he started before founding FTX, allowing it to siphon customer money. In referencing the Super Bowl picture with Katy Perry and others, Roos called Bankman-Fried a "celebrity chaser."

Persons: Sam Bankman, Michael M, they've, FTX, Nicolas Roos, Roos, there's, Fried, Caroline Ellison, Bankman, Gary Wang, Danielle Sassoon, Jane Rosenberg, Mark Cohen, he'd, Judge Lewis Kaplan, Ellison, didn't, Singh, Katy Perry, —, Dawn Giel Organizations: Santiago, Getty, Prosecutors, Stanford, Massachusetts Institute of Technology, Alameda Research, Reuters, Miami Heat, MIT, FTX, Skybridge Locations: Manhattan, New York City, Alameda, U.S, California, Hong Kong, Roos's, Bahamas, Bankman

Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.

Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London

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