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☆ U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

Higher reinsurance rates can affect the premiums which insurers charge to their customers. U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30-50%, Gallagher Re said. Reinsurance rates for similar policies in Florida rose 30-40%, the broker added. State Farm said in May it would stop selling new insurance policies to homeowners in California. Reinsurance rates for some types of aviation war policies rose by up to 100% on the July 1 renewal date, Gallagher Re said.

Persons: Mike Blake, Gallagher Re, James Vickers, Gallagher, Hurricane Ian, Aon, Carolyn Cohn, Noor Zainab Hussain, Louise Heavens Organizations: REUTERS, Farm, Gallagher Re, Reuters, Vickers, Hurricane, U.S, Industry, Boeing, Thomson Locations: Laguna Niguel , California, U.S, California, Florida, In Florida, Russia, Khartoum, London, Bengaluru

Scotland will celebrate the accession of King Charles III with its own festivities on Wednesday. “Scotland will welcome the new King and Queen in July with a series of events to mark the Coronation. There the Scottish Crown Jewels will be presented to the King. The crown was first worn by James V at the coronation of Queen Mary of Guise in 1540. A 21-gun salute from the 12 Regiment Royal Artillery will sound at the end of the service before the royal procession returns to Holyroodhouse.

Persons: London CNN —, King Charles III, –, King Charles, Queen Camilla, Prince William, Kate, Duke, Duchess of, King, Queen, Humza Yousaf, Yousaf, Giles, Cathedral, Giles ’, James V, Queen Mary of Guise, Innocent VIII, James IV, Mary, Queen of Scots, Oliver Cromwell’s, Walter Scott, Charles ’, Cruachan IV, Andrew Milligan, George Gross, Charles, ” Organizations: CNN’s Royal, London CNN, Scottish, National Service of, ”, Edinburgh, of Union, King’s, Guard, Royal Company of Archers, Armed Forces, Royal Regiment of, Royal Regiment of Scotland Shetland, Combined Cadet Force, Royal Marine, 2nd Battalion, Royal Regiment of Scotland, Regiment Royal Artillery, King’s College London Locations: London, Scotland, Holyrood, Duchess of Rothesay, Edinburgh, St, Balmoral, Britain, Scone, Westminster, Royal Regiment of Scotland, Holyroodhouse

☆ OpenAI's CEO is on a world tour, trying to stay ahead of global regulators
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI's CEO is on a world tour, trying to stay ahead of global regulatorsJames Vincent, senior reporter at The Verge, says OpenAI CEO Sam Altman wants to have his ChatGPT innovation and eat it too, calling for regulation way down the line while also trying to stall oversight in the here & now.

Persons: James Vincent, Sam Altman

☆ In Utah, Scriptures (and Satire) Enter Debates Over Book Bans
▼ + stars: | 2023-06-04 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

Public schools are closed for the summer in Utah, leaving their libraries quieter than usual. In this case, the titles in question are the Bible and the Book of Mormon. Utah is home to the world headquarters of the church and has the nation’s highest concentration of members of that faith. Both complaints followed the passage of state legislation prohibiting “pornographic or indecent” materials in public school settings. The December challenge against the Bible, which was reported by The Salt Lake Tribune, dripped with sarcasm.

Persons: of Jesus Christ, James Organizations: Davis School District, of Jesus, Salt Lake Tribune Locations: Utah, United States, Salt Lake City, . Utah, Salt

One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.

Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, “, “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, —, Steven A, Schwartz, ”, they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, “, Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison, —

☆ Manchin's Mountain Valley Pipeline would get the green light debt ceiling deal
▼ + stars: | 2023-05-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

The conservative Democrat from West Virginia, who has been critical of the Biden administration’s environmental goals, praised the White House and congressional Republicans this week. “All of a sudden, [the White House] did their job, they negotiated. Manchin has been critical of Biden's climate goals, but praised the White House and congressional Republicans this week for their work on the debt ceiling deal. White House officials backed Manchin’s effort last year, and climate and energy officials – including White House senior adviser John Podesta and Energy Secretary Jennifer Granholm – voiced support for approving the pipeline more recently. A Hail Mary effort to remove itThere could be a last-ditch effort to undo the pipeline piece of the debt ceiling bill.

Persons: CNN — Sen, Joe Manchin’s, Virginia –, Manchin, Kevin McCarthy, ” Manchin, “, Joe Biden’s, Justin Pearson, Kent Nishimura, Biden, ”, Abdullah Hasan, West Virginia’s Marcellus, James Van Nostrand, John Podesta, Jennifer Granholm –, Chuck Schumer, Mary, Sen, Tim Kaine, “ Sen, Kaine Organizations: CNN, Democratic, Democrat, Biden, White, Republicans, West, Appeals, Fourth Circuit, Keck, Environmental, Los Angeles Times, West Virginia University, White House, Energy, DC, Senate, Virginia Democrats, House, Republican, Kaine Locations: West Virginia, Virginia, Tennessee, clawing, West, Utica, Texas

☆ China is using AI to raise the dead, and give people one last chance to say goodbye
▼ + stars: | 2023-05-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

I would have liked to watch a few more episodes," the grandfather bot replied. Yu told Tang his grandmother needed the chatbot to process her emotions and mourn. As for himself, he declined to share his intimate conversations with his grandfather bot. Like Yu's grandfather bot, Wu's bot produced limited responses. "These emotions might have overwhelmed me too much to work and live my life," he told Tang.

Lenders wasted little time in charging more for loans when interest rates rapidly rose from an almost 15-year slumber around zero last year, but most have dragged their feet on boosting deposit rates paid to millions of their customers. Money market funds are proving popular among savers seeking bigger returns on their cash as high levels of inflation persist. Data from Refinitiv Lipper showed more than 34 billion euros ($37.6 billion) of net flows into European money market funds in March, the best-selling asset type that month. Fidelity International also reported an 8% year-on-year uplift in flows into money market funds on its investment platform between Jan. 1 and April 26. Some lawmakers have criticised banks for the mismatch between what they charge borrowers and the interest rates offered to savers.

☆ LeBron James vs. Steph Curry: Old rivalries reignite as LA Lakers face Golden State Warriors
▼ + stars: | 2023-05-02 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

LeBron James and the Los Angeles Lakers took down the Memphis Grizzlies 4-2 in the opening round of the playoffs. In another battle of the old vs. the young, the Golden State Warriors beat the Sacramento Kings in an exhilarating seven-game series. José Luis Villegas/APBattles of old2015 FinalsThe first NBA Finals matchup between LeBron and Steph was in 2015. Greg Nelson/Sports Illustrated/Getty Images2017 FinalsThe Golden State Warriors responded to their 2016 Finals loss by recruiting Kevin Durant in the off-season. Following a disappointing end to his second stint with the Cavaliers, LeBron moved across to the West and signed with the Los Angeles Lakers.

Congress is pressing federal agencies to better police their officials’ stock trading, while the energy secretary became the first cabinet member to signal support for banning such trading. The developments are the latest fallout from a Wall Street Journal investigation revealing that more than 2,600 government officials across 50 federal agencies had reported investments in companies that stood to rise or fall with the decisions made by their agencies.

☆ Barclays and Deutsche profits defy banking jitters
▼ + stars: | 2023-04-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Deutsche Bank (DB) gained 2.6%. Deutsche Bank’s shares plunged as much as 14.5% during the March 24 trading session. Deutsche Bank’s profit reached its highest in a decade, vindicating the once-struggling lender’s turnaround plan, launched in 2019. “In the first quarter, we again proved the strength and resilience of Deutsche Bank in challenging conditions,” chief financial officer James von Moltke said in a statement. Barclays and Deutsche Bank’s results contrast with the troubles at First Republic Bank in the United States.

☆ Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
▼ + stars: | 2023-04-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. The Thursday report nevertheless showed deposits fell over the course of the quarter to 592 billion euros from 621.5 billion euros at the end of 2022. watch nowDeutsche's corporate bank net revenues came in at 2 billion for the quarter, up 35% year-on-year and the highest quarterly figure since the launch of its transformation program. However, the bank also flagged job cuts for non-client facing staff and reported a sharper-than-expected 19% year-on-year fall in investment bank revenues year-on-year. He suggested that, in scrutinizing Deutsche Bank, market participants saw a strong and profitable business model, stable balance sheet and deposit base, a "very moderate" and "well underwritten" commercial real estate book and "no near-term financing needs."

FRANKFURT, April 26 (Reuters) - Deutsche Bank (DBKGn.DE) is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations. "It is time to focus the management board on the next phase of the bank's growth strategy, which is now more than ever about sustainable profitability, efficiency and effective controls," Wynaendts said. Riley was one of two women on Deutsche's 10-member board, which will now only consist of only nine people - eight men and one woman - in what Deutsche said would be a "leaner" team. Claudio de Sanctis, a Deutsche veteran who has overseen wealth management, will join the board to oversee the retail bank, Deutsche said. And Chief Financial Officer James von Moltke will take on oversight of asset management, which includes its DWS fund management business.

☆ F1 braced for chaos as sprint season starts in Baku
▼ + stars: | 2023-04-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

April 26 (Reuters) - Formula One is braced for chaos on the streets of Baku this weekend as Azerbaijan hosts the first sprint race of the season and kicks off a run of five grands prix in six weeks. "It’s absolutely ludicrous to be doing the first sprint race of the year in a street race like Azerbaijan," Red Bull boss Christian Horner told reporters at the previous race in Australia. Verstappen won last year. "We are bringing a new floor to Baku amongst some other aerodynamic and mechanical items," said Alpine technical director Matt Harman. "We then have a further development at the following race in Miami and something further for Imola after that."

☆ Katie Holmes Still Doesn’t Understand Why Her Cashmere Bra Went Viral
▼ + stars: | 2023-04-10 | by ( Laura Neilson | ) www.wsj.com time to read: 1 min

After her breakout role as girl-next-door Joey Potter on “Dawson’s Creek,” Katie Holmes has gone on to play many other parts, including writer, producer, director and mom. Still, her teen-drama roots remain close to her heart. When she was starring in the off-Broadway production “The Wanderers” earlier this year, Dawson’s parents were in the audience. “Mary-Margaret Humes, who played Dawson’s mom, flew out with John Wesley Shipp, who played his dad, and they came to the play—which was so sweet and supportive,” she said. (Dawson was famously played by James Van Der Beek.)

☆ Some US volunteers in Ukraine have become embroiled in infighting that has undermined the war effort, with one individual having lied about being a Marine: NYT
▼ + stars: | 2023-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

The squabbles have not only threatened the war effort, but have exposed deeply consequential lies. Some volunteers have left the war effort in Ukraine after questions arose about their backgrounds. Foreign Legion volunteers in Ukraine. And while Ukrainian officials estimated that there were possibly 20,000 Legion volunteers, that number was officially much smaller. Lackey told Legion members that he was a Marine and said that he had been an assistant manager at LongHorn Steakhouse.

☆ My Family and the Measles Vaccine
▼ + stars: | 2023-03-23 | by ( James V. Grimaldi | ) www.wsj.com time to read: +1 min

Surgeon General granted licenses to two drug companies to produce the first measles vaccines. It had taken nine years of research before a vaccine was ready for release to the public. That was too late for my sister, Mary Maura Grimaldi, who died at age 6 of encephalitis caused by measles, on the same day the licenses were announced. By contrast, it took only about a year for scientists to develop a Covid-19 vaccine. The difference was largely due to advances in research technology and $18 billion in taxpayer funds, said Dr. Paul Rota, chief of Viral Vaccine Preventable Diseases Branch at the Centers for Disease Control and Prevention.

☆ NHL roundup: Owen Tippett's hat trick lifts Flyers over Sabres
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Nick Turchiaro-USA TODAY SportsMarch 18 - Owen Tippett scored three goals to lift the host Philadelphia Flyers to a dominant 5-2 victory over the Buffalo Sabres on Friday. Joel Farabee and James van Riemsdyk each added one goal for the Flyers, who snapped a four-game losing streak. Victor Olofsson scored two goals for the Sabres, who lost their second straight. Maple Leafs 5, Hurricanes 2Zach Aston-Reese scored two goals as Toronto defeated visiting Carolina. Ryan Strome and Troy Terry each logged a goal and an assist, and Max Comtois and Trevor Zegras added a goal apiece.

☆ ‘Scream VI’ Review: Ghostface Is Still Slashing, Now in New York
▼ + stars: | 2023-03-10 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

There is no “Scream V,” but now we have “Scream VI.” In case you’ve lost track (or lost interest), the latest self-aware slasher flick is the sequel to a “re-quel,” last year’s modestly successful “Scream.” That entry helpfully included characters who, referring to the franchise-within-the-franchise “Stab” and its successors, in effect told the audience that it was a combination of reboot and sequel (cf. What was once cleverly self-referential now comes across as nostalgia for ’90s comfort food, like the fried ice cream at Chi-Chi’s. The 1996 franchise-starter, written by “Dawson’s Creek” creator Kevin Williamson , fondly mocked the slasher-movie clichés beloved by Gen X audiences who had grown up watching “Halloween” and “Friday the 13th” on cable TV. Two generations later, however, Mr. Williamson’s meta-cinematic framing is everywhere and the tang of originality is long gone. “Scream VI” feels like a photocopy of a photocopy.

☆ Staying in British castles may be easier — and cheaper — than you think
▼ + stars: | 2023-03-10 | by ( Lucy Handley | Chris Dwyer | ) www.cnbc.com time to read: +6 min

Storied Collection is a travel website that lists heritage hotels and homes — including private castles — so vacationers who love history can easily find accommodations that suit them. The Royal Crescent Hotel & Spa is located inside the Royal Crescent, a row of terraced houses built between 1767 and 1775. Hauge and Goldin, with the help of former CEO of Best Western UK Rob Paterson, launched Storied Collection in 2022. Surnames of previous owners include Cooper, Bingham and Synge, according to Storied Collection. The drawing room of the Sir Percy Blakeney Suite at the Royal Crescent Hotel & Spa in Bath, England.

☆ F1 team bosses have their own light-bulb moment
▼ + stars: | 2023-02-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

LONDON, Feb 26 (Reuters) - The late McLaren boss Teddy Mayer liked to compare Formula One drivers to interchangeable light-bulbs, declaring "you plug them in and they do the job", and nowadays the same might be said for team principals. The Frenchman is on his third different team, after stints at Sauber and Renault. "It shows also that the role of the team principal is maybe sometimes also a bit over-rated because if you can change it so quickly and there is no big impact, it tells also something. Sauber, with Swedish billionaire Finn Rausing as chairman of the board, will become the Audi works team from 2026. "But other than that we must not forget that F1 teams have developed into big organisations where the owners are not any more the team principals... some have engineers as team principals, some have more an old-fashioned rule."

☆ Young VCs thought the good times would never end. They did, and now they're pissed.
▼ + stars: | 2023-02-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Stephanie Palazzolo and Madeline Renbarger have a fascinating report on how young venture capitalists who came from investment banking and consulting are not having a good time. I encourage you to read Stephanie's and Madeline's story, which has all the juicy details about the current environment for young VCs. I've written a lot about how young investment bankers view their jobs as a means to an end, as opposed to an actual career. Timing has a lot to do with why young VCs are feeling like they've gotten such a raw deal. Click here to read more about why some young investment bankers are regretting their move to venture capital.

☆ NHL roundup: Golden Knights score five in third to rout Ducks
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +3 min

[1/5] Feb 12, 2023; Las Vegas, Nevada, USA; Vegas Golden Knights left wing William Carrier (28) controls the puck in front of Anaheim Ducks defenseman Dmitry Kulikov (29) during the second period at T-Mobile Arena. Paul Cotter and Brett Howden also scored goals for Vegas, which increased its Pacific Division lead to three points with its third consecutive victory. Adin Hill made 23 saves for the Golden Knights to improve to 5-0-1 all-time against the Ducks. Isac Lundestrom had a goal and an assist and Frank Vatrano also scored for Anaheim. Jordan Eberle had one goal and one assist and Eeli Tolvanen added a goal for the Kraken, who snapped a three-game losing streak.

☆ NHL roundup: Lightning win Cup Final rematch vs. Avs
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

In the first meeting between the clubs since last June's Stanley Cup Final, Vasilevskiy stopped 30 shots to extend his franchise-record shutout total to 29. Hagel had two goals and an assist to lead the Lightning offensive output as they broke a two-game skid (0-1-1). Boeser, Oliver Ekman-Larsson and Nils Aman added goals for the Canucks. Nicolas Roy, Alex Pietrangelo and Paul Cotter also scored for the Golden Knights while Jonathan Marchessault added two assists. Red Wings 2, Flames 1Filip Zadina scored his first goal of the season after missing over three months as host Detroit edged Calgary.

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