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☆ Opinion | This Summer Is Pointing Us Toward Uncharted Territory
▼ + stars: | 2023-08-02 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

On the last day of July, Phoenix finally registered a temperature high below 110 degrees Fahrenheit — the first time that had happened in 31 days. The I.C.U.s are filling up, too, and the region’s iconic saguaro cactuses are crumpling and collapsing in the heat. “The era of global boiling has arrived.”It was, worldwide, the hottest month on record. June was the hottest June on record. Every single day for four straight weeks, as Canada burned and Sicily burned and Algeria burned, global temperatures surpassed the daily record set in 2016 and matched last summer, when 61,000 Europeans are estimated to have died as a result of the heat.

Persons: Biden, António Guterres, ”, “ Organizations: Phoenix, Florida Locations: Maricopa, Canada, Sicily, Algeria, Atlantic, Beijing, Chile, Argentina

☆ Jack Smith’s Experience in The Hague and the Trump Investigations - The New York Times
▼ + stars: | 2023-07-31 | by ( Gary J. Bass | ) www.nytimes.com time to read: +3 min

Although part of Kosovo’s legal system, the institution is headquartered in The Hague and staffed by international judges and personnel — which is how Mr. Smith, a U.S. citizen, wound up serving as its specialist prosecutor. It is always difficult and risky to prosecute national leaders with some popularity among their people. Even so, the Truman administration quietly undercut that pledge of unconditional surrender for Emperor Hirohito, fearing that the Japanese might fight on if he was prosecuted as a war criminal. The Truman administration left the emperor securely in the Imperial Palace while his prime ministers and generals were tried and convicted by an Allied international military tribunal in Tokyo. At an earlier point in his career, from 2008 to 2010, Mr. Smith worked as the investigation coordinator in the prosecutor’s office at the International Criminal Court, the permanent international war crimes tribunal based in The Hague.

Persons: Smith hewed, Smith, Hashim Thaci, Trump, Thaci, Augusto Pinochet’s, Truman, Emperor Hirohito, John Bolton, ”, Mike Pompeo Organizations: United Nations, Kosovo, Chambers, White, Kosovo Liberation Army, Allied, Criminal Court Locations: Nuremberg, Tokyo, Yugoslavia, Rwanda, East Timor, Sierra Leone, Serbia, The Hague, U.S, Kosovo, Chile, Nazi Germany, Imperial Japan, Imperial, Afghanistan, Zambia

☆ What to Know About Bronny James’s Cardiac Arrest
▼ + stars: | 2023-07-26 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

LeBron James Jr., the son of the Los Angeles Lakers star LeBron James who is an incoming freshman at the University of Southern California, collapsed at practice on Monday after suffering a cardiac arrest. James Jr., who is known as Bronny, was hospitalized in the intensive care unit but later released from the I.C.U. and is in stable condition, according to a statement from a spokesman for LeBron James and his wife, Savannah. men’s basketball team in Los Angeles when he suffered a cardiac arrest. According to the James family’s statement, medical staff treated Bronny James, and he was taken to the hospital.

Persons: LeBron James Jr, LeBron James, James Jr, Bronny James, James, LeBron Organizations: Los Angeles Lakers, University of Southern, Los Angeles Fire Department, Galen Center Locations: University of Southern California, Savannah, Los Angeles

LeBron James Jr., the son of the N.B.A. star LeBron James, suffered a cardiac arrest while practicing at the University of Southern California in Los Angeles on Monday and was taken to the hospital for treatment in the intensive care unit, according to a statement from a spokesman for LeBron James and his wife, Savannah. The younger James, known as Bronny, is now in stable condition and no longer in the I.C.U., the statement said. “LeBron and Savannah wish to publicly send their deepest thanks and appreciation to the U.S.C. He is the eldest of the Lakers star LeBron James’s three children.

Persons: LeBron James Jr, LeBron James, James, LeBron, Bronny James, LeBron James’s Organizations: University of Southern, Los Angeles Fire Department, Street, Galen Center, U.S.C, Lakers, Ohio State Locations: University of Southern California, Los Angeles, Savannah, Oregon

☆ School's out for summer, and if ChatGPT usage is falling because students are off, that's a bad sign for OpenAI
▼ + stars: | 2023-07-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

ChatGPT usage recently fell. If that's the reason, it's a bad sign for OpenAI and AI-powered chatbots. ChatGPT usage has fallen. Churn rates, which measure the percentage of users who stop engaging with a service, have also spiked into the 20% range for ChatGPT, according to Bernstein Research. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT Bernstein, ChatGPT, Mark Shmulik, Bernstein, Shmulik, It's, chatbots, OpenAI, Garry Tan Organizations: Morning, Bernstein Research, ChatGPT Bernstein Research, Microsoft, Enterprise, insider.com Locations: OpenAI, Silicon Valley

The United States appears to be on the verge of providing Ukraine with cluster munitions, a senior Biden administration official said. What are cluster munitions? “There’s just not a responsible way to use cluster munitions,” said Brian Castner, the weapons expert on Amnesty International’s Crisis Response Team. The New York Times has documented Russia’s extensive use of cluster munitions in Ukraine since the beginning of the invasion in February 2022. The Convention on Cluster Munitions also limits the ability of nations that have signed on to cooperate militarily with countries that employ them.

Persons: Laura Cooper, “ There’s, ”, Brian Castner, Castner, “, Ukraine —, Jerry Redfern, Mary Wareham, Cooper, Biden, Gabriela Rosa Hernández, David Guttenfelder, Oleksandr Kubrakov, ” Eric Schmitt, John Ismay, Gaya Gupta Organizations: Biden, Washington, U.S, Pentagon, National Public Radio, United Nations, Amnesty, Cluster Munitions, Getty, The New York Times, The Times, Human Rights Watch, NATO, Ukraine, Munitions, Arms Control, Ukraine’s, Brigade, ., Munich Security Locations: States, Ukraine, Kyiv, Russia, Eurasia, Tibnin, Lebanon, Syria, Yemen, Afghanistan, Balkans, Laos, U.S, United, United States, LightRocket, Russian, Kramatorsk, Ukrainian

☆ Allies React Cautiously to Prospect of U.S. Cluster Weapons for Ukraine
▼ + stars: | 2023-07-07 | by ( Cassandra Vinograd | Thomas Gibbons-Neff | ) www.nytimes.com time to read: +8 min

☆ Moscow’s Mayor Says Drones Targeted Russian Capital
▼ + stars: | 2023-07-04 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

A news conference to announce the launch of the International Center for the Prosecution of the Crime of Aggression in The Hague on Monday. “It’s the only crime that goes to the top table,” said Philippe Sands, a prominent international lawyer who first floated the idea of an aggression tribunal. Aggression is distinct from the offenses of war crimes, crimes against humanity and genocide, for which the I.C.C. And unlike in many war crimes cases, there would be no need to link an official to specific crimes on the ground, which is often a cumbersome process. Overwhelmed courts in Ukraine have already tried and convicted some Russian soldiers for war crimes, but have tens of thousands of cases waiting.

Persons: —, “, ”, Philippe Sands, Vladimir V, Putin Organizations: International Center, Criminal, European Union, United Nations, Russian, Kremlin Locations: The Hague, Ukraine, Russia, United States, I.C.C, Eastern Europe, Eurojust, Britain

☆ Opinion | Jersey Boy Takes On Florida Man
▼ + stars: | 2023-07-01 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

“I think that he’ll show up at the debates because his ego won’t permit him not to,” Christie said. He won’t deal well with that.”I warned that Trump is an asymmetrical fighter, so it’s hard to know how to go at him. He’s never run against somebody from New Jersey who understands what the New York thing is and what he’s all about. He knows I know what his game is.”He said he isn’t running to get back at Trump for giving him a horrible case of Covid. And he said he isn’t seeking payback because Trump didn’t make him attorney general.

Persons: Trump, “, ” Christie, ”, Clinton, Marco Rubio, I’ve, He’s, who’ve, Christie, Jared Kushner, Kushner’s Organizations: Republican, Fox News, Trump Locations: Milwaukee, New Jersey, York

☆ It’s Never Too Late to Become a Nurse
▼ + stars: | 2023-06-28 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

Since, on your first nursing job, you unexpectedly found yourself assigned to the I.C.U. floor and caring for Covid patients, did you ever regret your decision to become a nurse? I wasn’t afraid to be the person watching someone die, or being with them when they were. I was good at being present as they passed, and I could work under a tremendous amount of stress. Once you were accepted into a nursing program, you realized you were one of the oldest people attending.

☆ Opinion | This C.S. Lewis Novel Helps Explain the Weirdness of 2023
▼ + stars: | 2023-06-16 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

The novel’s emphasis on the limitations of any attempted secret government, finally, connects specifically to our peculiar U.F.O. discourse, where we suddenly have a government whistle-blower claiming knowledge of a 90-year conspiracy and, apparently, a chorus of anonymous sources encouraging belief. If there were an alien cover-up, though, I would imagine it would look more like the secrets held by N.I.C.E. in “That Hideous Strength.” Crucially, almost nobody in Lewis’s invented organization has any idea that in the inner ring they’re contacting the dark powers. In his account, and the one that’s implied by other anonymous leaks, you don’t have to get that far up the chain of command before somebody will take you aside and say, Look, we’ve got alien ships, lots of alien ships, you wouldn’t believe how many alien ships.

Persons: Lewis’s, That’s, we’ve, Edward Snowden Organizations: N.I.C.E, humanitarianism, . Locations: China, Russia

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

☆ What’s the Best Way to Treat a Workout Injury: Heat or Ice?
▼ + stars: | 2023-06-03 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

The prevailing theory on how to treat sprains and strains, especially from exercise, has been to follow the R.I.C.E. sequence — rest, ice, compression and elevation. He now recommends early movement after an injury, as long as patients are not in pain, especially for overuse injuries. “The most important rule is to listen to your body because you feel pain when you’re doing something wrong,” Dr. Mirkin said. “The reason injuries are so common is that people think they can work through pain.”

Persons: Gabe Mirkin, Dr, Mirkin

☆ The W.G.A. Strike Feels Personal to Me. - The New York Times
▼ + stars: | 2023-06-01 | by ( Ron Currie | ) www.nytimes.com time to read: +2 min

Most discussion of the Hollywood writers’ strike has centered on money: the studio chiefs, tech demigods and private equity oligarchs who have it and the writers like myself whose labor should entitle us to a greater share of it. One morning back in the summer of 2002, I was walking my dog when I got a call that my father was having a heart attack. Dad was a longtime Teamster, Local 340, which represents a grab-bag of freight jockeys, municipal workers and emergency services types. By the time I arrived, doctors had succeeded in dissolving the clot that had been choking off one of his coronary arteries. I found him lying in the I.C.U., less than a quarter of his heart muscle still functioning.

Persons: ’, we’ve, He’d, Dad, twitching Organizations: Hollywood, Writers Guild of America, Teamster

☆ Brazil's Americanas looking for buyer for stake in Grupo Uni.co
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, May 15 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA), which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties interested in buying its stake in Grupo Uni.co. Americanas, which has the billionaire trio that founded 3G Capital as reference shareholders, said in a securities filing it had hired Citigroup (C.N) as financial advisor to conduct the process, launched as part of its reorganization plan. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ A Brain Drain Is Hurting the F.D.I.C.
▼ + stars: | 2023-05-08 | by ( Alan Rappeport | ) www.nytimes.com time to read: +2 min

The March failures of Signature Bank, which was overseen by the F.D.I.C., and Silicon Valley Bank, which was regulated by the Federal Reserve, threatened to set off runs at regional banks across the country. Biden administration officials and federal regulators have described the recent bank failures as largely the result of poor management. In a report released in late April reviewing the failure of Signature Bank, the F.D.I.C. pointed to its own “persistent” staffing shortages as a problem that has hampered its ability to supervise lenders. It’s always a risk at any regulatory agency.”The F.D.I.C.

☆ R.S.V. Vaccine Approved for Older Adults
▼ + stars: | 2023-05-03 | by ( Christina Jewett | ) www.nytimes.com time to read: +3 min

advisory panel reviewed data from trials for two vaccines aimed at older adults, one from GSK and one from Pfizer. The virus can lead to pneumonia, which is far more worrisome for older adults and especially for those with underlying medical conditions like heart and lung disease or diabetes. vaccine for older adults is also expected to receive F.D.A. in older adults and said it expected authorization in the first half of this year. Last week, the European Medicines Agency did recommend approval of GSK’s vaccine for adults 60 and older.

☆ A Timeline of How the Banking Crisis Has Unfolded
▼ + stars: | 2023-05-01 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +9 min

March 9Gregory Becker, the chief executive of Silicon Valley Bank, urged venture capital firms to remain calm on a conference call. March 10In the biggest bank failure since the 2008 financial crisis, Silicon Valley Bank collapsed after a run on deposits . Regional bank stocks plunged after the unexpected seizure of Silicon Valley Bank and Signature Bank , with shares of First Republic tumbling 60 percent. The Treasury secretary believed the actions by the private sector would help underscore confidence in the stability of the banking system. April 28The Fed released a report faulting itself for failing to “take forceful enough action” ahead of Silicon Valley Bank’s collapse.

Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a frantic late-night effort by government officials to contain a banking crisis by seizing and selling First Republic Bank to the country’s biggest bank, JPMorgan Chase. The F.D.I.C.’s decision appears, for now, to have quelled nearly two months of simmering turmoil in the banking sector that followed the sudden collapse of Silicon Valley Bank and Signature Bank in early March. “This part of the crisis is over,” Jamie Dimon, JPMorgan’s chief executive, told analysts on Monday in a conference call to discuss the acquisition. For Mr. Dimon, it was a reprise of his role in the 2008 financial crisis when JPMorgan acquired Bear Stearns and Washington Mutual at the behest of federal regulators.

Even so, the U.S. financial system has plenty of problems. The lender, founded in 1985, was the 14th-largest bank in the United States at the start of this year. Its shares lost nearly all of their value after a relentless series of steep declines that began as Silicon Valley Bank was teetering. reached out to other financial institutions, including JPMorgan Chase, PNC Financial Services and Bank of America, seeking bids for the First Republic. As part of the bidding process, banks were also asked what parts of the bank they wouldn’t accept.

☆ F.D.I.C. Proposes Broadening Bank Insurance for Businesses
▼ + stars: | 2023-05-01 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

officials acknowledged on Monday that those bank runs caught them by surprise. As part of a review into what took place, the regulator has been studying ways to improve the system. Its report looked at the viability of raising the existing insurance cap; expanding it so that deposit insurance is unlimited; and creating a more targeted approach that would provide higher levels of deposit insurance to business accounts that are used for payroll processing. expressed concerns that broadly expanding deposit insurance could create “moral hazard” problems, that is, banks would be shielded from the consequences of making risky investments. It favored offering more protection to business payment accounts because that money is generally used for paying employees rather than investments.

☆ Fugitive Accused of Killing 5 in Texas Was Deported Several Times, Officials Say
▼ + stars: | 2023-05-01 | by ( Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Credit... FBIAn official with United States Immigration and Customs Enforcement said on Monday that an immigration judge had ordered I.C.E. to deport Mr. Oropesa to Mexico in March 2009. Mr. Oropesa illegally returned to the United States, and he was caught and removed several more times by I.C.E. and several Texas law enforcement agencies sought the fugitive, attention turned quickly to the immigration status of the suspect and his victims. officials did not immediately respond to an email about the immigration status of the victims who were killed, all of whom were from Honduras.

If there has been a lesson in the recent spate of bank failures, it is that deposit flight can now happen quickly. It no longer requires a teller to hand money to customers waiting in long lines around the block. The Federal Deposit Insurance Corporation explicitly insures the first $250,000 in any account, but nothing over that. to guarantee all deposits, but there may be a more strategic, surgical and free-market solution. Consider this: What if the banking system coalesced around a separate insurance program — we’ll call it F.D.I.C.+ — for deposits above $250,000?

☆ Regulators Prepare to Seize and Sell First Republic
▼ + stars: | 2023-04-29 | by ( Lauren Hirsch | Maureen Farrell | ) www.nytimes.com time to read: +1 min

Federal regulators were racing on Saturday to seize and sell the troubled First Republic Bank before financial markets open on Monday, according to four people with knowledge of the matter, in a bid to put an end to a banking crisis that began last month with the collapse of Silicon Valley Bank. has been talking with banks that include JPMorgan Chase and PNC Financial Services about a potential deal, two of the people said. Any buyer would most likely assume the deposits of First Republic, eliminating the need for a government guarantee of deposits in excess of $250,000 — the limit for deposit insurance. would need to decide if it would seize First Republic anyway and take ownership itself. In that case, federal officials could invoke a systemic risk exception to protect those bigger deposits, something they did after the failures of Silicon Valley Bank and Signature Bank in March.

☆ Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +11 min

The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."

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