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☆ Biden's Education Department just released its 'strongest-ever' plan to ensure student-loan borrowers don't graduate with unaffordable debt
▼ + stars: | 2023-05-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Education Department released its new proposal for a strengthened gainful employment rule. The rule would place safeguards for borrowers to ensure they don't take on more student debt than they can afford. "Ever since the Trump Administration illegally repealed the 2014 Gainful Employment rule, students have been left unprotected from predatory higher ed profiteers," Ament said. The gainful employment rule has drawn criticism from for-profit schools in the past who have argued that they were being targeted by the strengthened regulations. Democratic lawmakers have previously pushed for a strengthened gainful employment rule.

☆ ChatGPT and Generative AI in the Creator Economy: Reality, Hype, What's Next, and How to Prepare
▼ + stars: | 2023-04-20 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +1 min

Generative AI has the power to revolutionize and expand the creator economy. Social platforms and creator economy startups are rolling out generative AI tools but due to major limitations, generative AI won't replace creators. The current capabilities available through generative AI will allow users to generate text, develop creative briefs, test creative, produce audio, develop creative, and pitch brands. But generative AI is a whole new ballgame that marketers need to prepare for now. Want to learn more about ChatGPT and Generative AI in the Creator Economy?

☆ Ukraine's fighter jet fleet is slowly growing, but its weapons to bring down Russian jets are dwindling, leaked US document shows
▼ + stars: | 2023-04-16 | by ( Christopher Woody | ) www.businessinsider.com time to read: +9 min

The jets will bolster Ukraine's fighter fleet, which is still under fire from Russia's larger air force. But air-defense ammunition is a more urgent need, one underscored in recently leaked US documents. Berlin approved Warsaw's request to send jets to Ukraine on Thursday, the same day it was received. Both air forces have shifted tactics and now operate farther from the front line, playing to the advantage of the Russian aircraft, which have an edge at longer ranges. Without the threat posed by those interceptor missiles, Russian aircraft would have greater freedom to attack Ukrainian aircraft and bomb Ukrainian targets, including in support of Russian front-line troops, the leaked document says.

☆ Biden could protect student-loan borrowers from being stuck with useless degrees and a lot of debt by bringing back a rule Trump ditched, progressive lawmakers say
▼ + stars: | 2023-04-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

It included reinstating and strengthening the gainful employment rule, which protects student-loan borrowers from unaffordable debt post-graduation. Biden delayed implementation of the rule until 2024 and is expected to put out a proposal this month. "The Gainful Employment rule is a cornerstone of our ambitious regulatory agenda," the spokesperson said. Along with reinstating gainful employment, lawmakers and advocates have also called for the executives of for-profit schools to be held liable for costs when the school shuts down, rather than taxpayers and borrowers. Now, lawmakers and advocates await the department's gainful employment proposal.

☆ Leaked email shows even Twitch's CEO was caught off guard by Amazon's layoffs: 'I'm disappointed to share the news this way'
▼ + stars: | 2023-04-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

The CEO of Amazon-owned Twitch wrote that he's "disappointed" to share news of layoffs before each affected employee was told. His email reflects Amazon's lack of transparency over its layoff process, which affected roughly 25,000 employees since late last year. Amazon employees have complained about the ambiguity, which contradicts the company's commitment to creating "Earth's Best Employer." The email was separate from the public message Clancy shared on Twitch's blog on the same day. Just over 400 people were let go at Twitch as part of the new 9,000 being cut, this email explained.

[1/5] The logo of Raiffeisen Bank International (RBI) is seen on their headquarters in Vienna, Austria, March 14, 2023. REUTERS/Leonhard FoegerVIENNA, March 23 (Reuters) - The European Central Bank is pressing Austria's Raiffeisen Bank International (RBIV.VI) to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters. One person said such a plan could include the sale or closure of its Russian bank. A Raiffeisen spokesperson said that it was examining options for its Russia business "including a carefully managed exit" and that it was "expediting" its assessment, adding that it had also reduced lending in the country. HIGH STAKESIn January, the U.S. sanctions authority launched an inquiry into Raiffeisen over its business related to Russia.

"You're going to see every board member tell people to keep your money in multiple bank accounts," said Wesley Chan, cofounder and managing partner at FPV Ventures. "I'm not concerned about Bank of America," one business owner said as they left a Bank of America branch on Monday. Big banks can be less competitive, for example, on interest rates because of the security they offer. I think you'll see startups, in particular, questioning moving to the big banks given just how much more expensive it is," Matheson added. "The big banks are in very good shape, and so it probably is a stabilizing decision to move those deposits.

☆ How ETFs are expediting bond market modernization
▼ + stars: | 2023-03-08 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Despite equities having long transitioned to electronic trading, over-the-counter trading remains common in the bond market. Bond ETFs are changing that. "Bond ETFs are 20 years old today, and they trade the same way as some of the technologies in fixed income." Roughly a decade after equity ETFs were first introduced, the first four bond funds launched in July 2002 — the iShares 1-3 Year Treasury Bond Fund (SHY) , the iShares 7-10 Year Treasury Bond Fund (IEF) , the iShares 20+ Year Treasury Bond Fund (TLT) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) . "And it just sounds really familiar to the way ETFs had grown with the equity markets."

Instead the opposite happened," said Representative Raja Krishnamoorthi, the top Democrat on the select committee, in his opening remarks. McMaster said the United States must put a priority on expediting delivery of billions of dollars of weapons and munitions that Taiwan has already purchased. Although the committee is bipartisan, some Democratic lawmakers have voiced concerns that it could fuel anti-Asian sentiment within the United States. The select committee has 13 Republican and 11 Democratic members. It will not write legislation, but will draw attention to competition between the United States and China on a range of fronts and make policy recommendations.

☆ Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
▼ + stars: | 2023-02-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. And, "when the time is right," Lawton said, Chipotle will use its loyalty program database to attract potential Farmesa customers. When opened, the Santa Monica location will be Kitchen United's 24th ghost kitchen. For Chipotle, Kitchen United's model allows the restaurant chain to test out the new brand with reduced risk. For now, Chipotle's chief purpose with the location is simply to learn, but that doesn't mean Farmesa won't grow.

☆ Eli Lilly Alzheimer's drug setback extends rival Biogen's lead - analysts
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

Jan 20 (Reuters) - The U.S. health regulator's rejection of accelerated approval for Eli Lilly and Co's Alzheimer's disease drug extends the market lead for rivals Eisai and Biogen's treatment by months, analysts said. "This is a modest positive for Biogen" because it delays donanemab's launch, Jefferies analyst Michael Yee said, adding that Eli Lilly could file for traditional approval by mid-2023. The setback for Lilly comes just weeks after the FDA granted Biogen Inc (BIIB.O) and Japanese drugmaker Eisai Co Ltd's (4523.T) accelerated approval for their Alzheimer's drug Leqembi. read moreAnalysts are waiting for the traditional approval of Biogen's drug and for wider health insurance coverage before they expect sales of the drug to pick up. "But if there is anything wrong with the (Eli Lilly) data set, it is easier to reject an unapproved drug than remove an approved drug from market," said Skorney.

☆ Thousands seeking asylum crowd Mexico refugee offices amid fears of a U.S. policy change
▼ + stars: | 2023-01-05 | by ( ) www.nbcnews.com time to read: +4 min

TAPACHULA/MEXICO CITY — Thousands of migrants have flocked to government offices in southern Mexico seeking asylum since the United States said it would keep restrictions used to quickly expel hundreds of thousands of migrants who have crossed the U.S.-Mexico border. Cuban migrant German Ortiz, who is waiting to apply for asylum in the Mexican city of Tapachula near the Guatemalan border, wants to make his way quickly to the United States. Title 42 was originally put in place to curb the spread of COVID, but U.S. health authorities have since said it is no longer needed for public health reasons. Ramirez said many migrants seek asylum to obtain documents they believe are necessary to traverse Mexico so they can then go to the U.S.-Mexico border later. Ramirez believed the mass of recent arrivals could be migrants from Cuba, Nicaragua and Haiti seeking to reach the United States before rules change.

[1/5] A government official talks to migrants waiting to regularize their migration status outside Mexico's Commission for Refugee Assistance (COMAR) in Tapachula, Chiapas state, Mexico January 3, 2023. Title 42 was originally put in place to curb the spread of COVID, but U.S. health authorities have since said it is no longer needed for public health reasons. Immigrant advocates say the policy is inhumane and it exposes vulnerable migrants to serious risks, like kidnapping or assault, in Mexican border towns. 'GIVE US A CHANCE'Police in Tapachula and the National Guard erected fences around COMAR offices to block large crowds of migrants, Reuters images show. Nearly 400,000 migrants were detained in Mexico through November, twice as many as in 2019, official data show.

☆ Hutchinson says he’ll decide 2024 run early next year: Trump has ‘accelerated everyone’s timeframe’
▼ + stars: | 2022-12-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +1 min

Asa Hutchinson, an outspoken Republican critic of former President Donald Trump, said Sunday that Trump’s early 2024 re-election announcement has fast-tracked potential GOP challengers’ timeframes for declaring their own bids. In an interview on NBC News’ “Meet the Press,” Hutchinson said Trump has “accelerated everyone’s timeframe” after he launched a campaign last month to reclaim the Oval Office. Hutchinson, who is leaving the gubernatorial office next month and mulling a 2024 presidential campaign, said he expects he'll make a decision in the "first part" of 2023. Hutchinson also took aim at Florida Gov. Hutchinson added, “I mean, any leader, former president that says suspend the Constitution is tearing at the fabric of our democracy."

☆ High demand for children's medications shines a light on fragile US drug supplies
▼ + stars: | 2022-12-12 | by ( Brenda Goodman | ) edition.cnn.com time to read: +13 min

Even when demand is not sky-high, drugs shortages happen regularly – but usually more quietly – in the US. At any time, the reasons why shelves may be empty vary from place to place and from drug to drug. With children’s medications, drug manufacturers say they are running full-tilt, and they planned for some increase in sales over the winter months. The FDA tracks drug shortages too, taking reports directly from manufacturers, but it defines them differently than the pharmacists’ group. The White House says drug shortages are a priority for President Biden’s administration, too.

☆ U.S. pledges to ramp up supplies of natural gas to Britain as Biden and Sunak seek to cut off Russia
▼ + stars: | 2022-12-07 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

In this article ENEL-IT Follow your favorite stocks CREATE FREE ACCOUNTRishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022. Saul Loeb | AFP | Getty ImagesLONDON — The U.K. and U.S. are forming a new energy partnership focused on boosting energy security and reducing prices. Commenting on the plans, U.K. Prime Minister Rishi Sunak said: "We have the natural resources, industry and innovative thinking we need to create a better, freer system and accelerate the clean energy transition." "This partnership will bring down prices for British consumers and help end Europe's dependence on Russian energy once and for all." The news comes at a time of huge disruption within global energy markets following Russia's invasion of Ukraine in February.

Residents of the country's fourth-largest city were told to boil water Sunday after pump-driven water system pressure dropped because of an electrical outage, triggering concerns of possible contamination. "We believe the water is safe but based on regulatory requirements when pressure drops below 20 psi we are obligated to issue a boil water notice," Turner said. A power outage Sunday at the East Water Purification Plant caused pressure to drop below 20 psi, or pounds per square inch, the state threshold that triggers boil water notices, Houston Public Works said. Water system pressure can use the weight of liquid to occupy cracks and crevices that might otherwise be exposed to outside incursions, such as urban runoff. "Houston’s water system is different than other systems in that we don’t use water towers to provide pressure to the system," it tweeted.

☆ FTX says it is investigating 'unauthorized transactions'
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +2 min

Nov 12 (Reuters) - Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of "unauthorized transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Late on Friday, Miller tweeted that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges." loadingFigures from Singapore-based analytics firm Nansen showed a one-day net outflow from FTX of about $266 million, with $73 million withdrawn from FTX U.S. alone. "FTX has been hacked," an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk. FTX, affiliated crypto trading firm Alameda Research and about 130 of its other companies have filed for bankruptcy court protection from creditors in Delaware, FTX said on Friday.

☆ Apple will 'take years' to diversify away from China, says Counterpoint Research
▼ + stars: | 2022-11-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

A display of iPhone 14 smartphones at the Apple Inc. Regent Street store in London, UK. Bloomberg | Bloomberg | Getty ImagesApple will take years to diversify from its Chinese factories, even as the country presses on with its zero Covid policy which is hurting iPhone production, according to Counterpoint Research's Jeff Fieldhack. "It will take years for Apple to diversify," the research director told CNBC's "Squawk Box Asia" Tuesday, explaining that Apple's latest iPhones will likely continue to be built in China for the next few years. In a statement on Sunday, Apple said that it temporarily reduced iPhone 14 production as its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China is operating at "significantly reduced capacity" due to Covid-19 restrictions. Apple has been diversifying its device assembly process away from China and opening factories in countries south of China, such as India and Vietnam.

☆ Rhode Island pediatric beds are 100% full amid surge in respiratory viruses
▼ + stars: | 2022-11-08 | by ( Aria Bendix | Aria Bendix Is The Breaking Health Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Rhode Island is among the states most severely affected by the aggressive, nationwide surge of pediatric respiratory infections. As of Monday, 76% of pediatric hospital beds were full nationwide. Like most states, Rhode Island is seeing cases of flu, respiratory syncytial virus (RSV), Covid and other respiratory viruses all at the same time. Weed said Rhode Island is unique in that "many states have more than one pediatric hospital, and we only have one." Overly said his hospital might benefit from Rhode Island declaring a state of emergency related to the surge of pediatric respiratory viruses.

PESHAWAR, Pakistan — The oldest prisoner at the Guantanamo Bay detention center was released and “reunited with his family” in Pakistan, the country's foreign ministry said in a statement Saturday. “We are glad that a Pakistani citizen detained abroad is finally reunited with his family,” the statement said. The Pentagon said in a statement Saturday that Defense Secretary Lloyd Austin had “notified Congress of his intent to repatriate Saifullah Paracha to Pakistan” last month. Following Paracha’s release, 35 detainees remain in Guantanamo Bay and 18 have been cleared for release, according to Amnesty International. The most high-profile prisoner held at Guantanamo Bay prison is Khalid Sheikh Mohammed, the alleged mastermind of the 9/11 attacks.

☆ Ukrainian children say they were taken against their will by Russian forces and placed up for adoption in Russia, where the process has been expedited
▼ + stars: | 2022-10-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Reports from the Associated Press and The New York Times highlight deportations of Ukrainian children. Anya is just one example among recent reports on Russia's efforts to adopt Ukrainian children and raise them as Russian. Ukrainian officials as early as April said Russian forces were "forcibly deporting" kids and fast-tracking adoptions. US officials in September said Russian authorities had overseen the deportation of thousands of Ukrainian children to Russia, adding the "efforts specifically include the forced adoption of Ukrainian children into Russian families" and "the so-called 'patriotic education' of Ukrainian children." US officials also said the efforts involved legislation aimed at expediting the process of granting Russian citizenship to Ukrainian kids and the "deliberate removal of Ukrainian children by Russia's forces."

☆ Explainer: Why drones pose a different challenge for Ukraine than missiles
▼ + stars: | 2022-10-20 | by ( Peter Graff | ) www.reuters.com time to read: +4 min

Both are types of aircraft that fly to a target and explode when they get there, but they pose different threats. Missiles, each costing hundreds of thousands or millions of dollars, fly fast, are hard to shoot down and carry a huge explosive payload. Germany sent the first of four IRIS-T air defence systems to Ukraine last week. DRONESUnmanned aerial vehicles, or drones, can be used for surveillance or as a platform to fire munitions at the ground. Russia has already used hundreds of them against Ukraine in just the past few weeks, and is believed to have acquired as many as 2,000 from Iran.

☆ The South Asian comedians who walked so Gen Z could run
▼ + stars: | 2022-10-16 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +10 min

Those kids are now young adults, and that state of South Asian comedy looks far different than it did 10 years ago. “The South Asian people I grew up with, we were all collectively embarrassed of our culture and background,” said Ayaon Yadav, 21. If not for the Indian comedians before me who did use the Indian accent, I would not be where I am today. “I don’t do the Indian accent because I feel like, in a way, the punch line becomes the accent,” she said. “But if not for the Indian comedians before me who did use the Indian accent, I would not be where I am today.

☆ Jan. 6 committee shows video footage of congressional leaders pleading for help during attack
▼ + stars: | 2022-10-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The House select committee investigating the Jan. 6 insurrection presented previously unseen video Thursday of congressional leaders pleading for help from governors, the acting secretary of defense and the acting attorney general as rioters attacked the Capitol. The video montage began with House Speaker Nancy Pelosi, D-Calif., walking through the Capitol flanked by security guards at 2:23 p.m. The video from Thursday's hearing shows Pelosi and other congressional leaders repeatedly asking for help from law enforcement. Sen. Dick Durbin of Illinois, the Democratic Senate whip, appeared in another clip with leaders. "What we are being told very directly is it’s going to take days for the Capitol to be OK again," Pelosi told Pence.

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