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☆ Adidas is investigating allegations of embezzlement and kickbacks in China
▼ + stars: | 2024-06-17 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. The reported complaint alleged that a senior executive in Greater China who manages Adidas’ marketing budget had embezzled millions of euros and taken huge kickbacks from external advertising and celebrity agencies. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — contributes 15% of the company’s sales. In mainland China, Adidas is the second largest international sportswear brand behind Nike (NKE). Adidas is well known for playing the “celebrity” card in its marketing in China.

Persons: Hong Kong CNN —, Jiemian, Claudia Lange, ”, Lange, ’, Taiwan —, —, Yang Mi, Yi Yangqianxi Organizations: Hong Kong CNN, Hong Kong CNN — Adidas, Adidas China, CNN, Adidas, Nike Locations: China, Hong Kong, Taiwan, Beijing, Xinjiang

☆ I was promoted to VP at Amazon despite doing a poor job managing my career. I wish I had used these 7 strategies sooner.
▼ + stars: | 2024-06-17 | by ( Ethan Evans | ) www.businessinsider.com time to read: +7 min

Read previewI made it to vice president at Amazon after eight years at the company despite doing a poor job managing my career. My advancement came from hard work and luck, but I had no real plan. Here are seven career-advancing strategies I now know and wish I had used sooner to actively manage my career. To rise in your career, you'll need to be good at navigating intricate schedules, cross-team dependencies, and other challenges of scale. When I speak to my clients, they often work hard and hope for a promotion, but hope is not a strategy.

Persons: —, aren't, they'll, you'll, Ethan Evans Organizations: Service, Amazon, Business

☆ Michigan and CUNY Mishandled Discrimination Complaints, Education Dept. Finds
▼ + stars: | 2024-06-17 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

The University of Michigan and the City University of New York mishandled complaints of discrimination on campus during widespread protests over the war in Gaza, the Education Department announced on Monday. The department’s Office for Civil Rights has opened dozens of investigations into antisemitism and anti-Arab discrimination as students held rallies and set up encampments in support of Palestinians and called for their schools to divest from Israel. The Michigan and New York cases were only the first to reach a conclusion. More are expected to finish in the coming weeks and months as schools continue to reckon with the limits of free speech in academic settings. Under the terms of the agreements announced on Monday, the schools must step up their reporting of complaints to the Office for Civil Rights and revisit their training of employees, including campus police officers, about their obligations under federal law.

Organizations: University of Michigan, City University of New, Education Department, Civil Rights, Office Locations: City University of New York, Gaza, Israel, The Michigan, New York

☆ Former Fed Governor Tarullo: Fed Chair Powell did his best to preserve some optionality for the FOMC
▼ + stars: | 2024-06-17 | 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 EmailFormer Fed Governor Tarullo: Fed Chair Powell did his best to preserve some optionality for the FOMCDaniel Tarullo, Harvard Law School professor and former Federal Reserve Governor, joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, rate path outlook, and more.

Persons: Tarullo, Powell, Daniel Tarullo Organizations: Former, Harvard Law School, Federal Reserve

☆ Opinion: Parents should listen to Dr. Vivek Murthy’s warning about social media
▼ + stars: | 2024-06-17 | by ( Opinion Kara Alaimo | ) edition.cnn.com time to read: +6 min

Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. CNN —A year after his landmark advisory warning about the dangers social media poses to young people, US Surgeon General Dr. Vivek Murthy upped the ante on Monday by calling for mandated warning labels on social media apps. And he pointed out that young people spend an average of 4.8 hours on social media each day, according to a 2023 Gallup survey. Murthy is right to call on Congress to put warning labels on social networks. This could serve as the alarm parents need to protect their kids from the harmful effects of social media.

Persons: Kara Alaimo, CNN —, Vivek Murthy, Alaimo, ”, Murthy, shouldn’t, I’ve, It’s, you’re Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, New York Times, Gallup, Digital, Boston Children’s, Twitter

☆ Alex Jones’ Infowars survived a judge’s order, but the conspiracy outlet could still be shut down
▼ + stars: | 2024-06-17 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

Some of the Sandy Hook families had requested the judge move to liquidate Jones’ Free Speech Systems company. What happens to InfowarsFor now, nothing changes for Jones’ Infowars shows. Because of Jones’ bankruptcy, Free Speech Systems is now in the hands of a court-appointed trustee. “I do not now own Infowars,” Jones said during an “emergency” show on Saturday. But no matter what happens to the company, Jones still owes nearly $1.5 billion.

Persons: Alex Jones ’, Jones, Sandy, I’ve, Christopher Lopez, “, Lopez, Sandy Hook, ” Lopez, Jones ’, Sandy Hook –, It’s, ” Jones, ” Jay Westbrook, ” Westbrook, ” Marie Reilly, Anthony Fauci, Trump, Elon Musk, Tucker Carlson Organizations: CNN, Free Speech Systems, Systems, Speech Systems, University of Texas, Penn State University, National Institute of Allergy, Fox News Locations: Houston

☆ Judge Blocks Iowa’s Attempt to Enforce Its Own Immigration Law
▼ + stars: | 2024-06-17 | by ( Mitch Smith | ) www.nytimes.com time to read: 1 min

A federal judge on Monday temporarily blocked Iowa from enforcing its own immigration law, which makes it a state crime to enter Iowa after being deported or denied entry into the United States. The ruling comes amid a national push by statehouse conservatives to assert authority over illegal immigration, which the Justice Department argues is solely the federal government’s responsibility. “As a matter of politics, the new legislation might be defensible,” Judge Stephen Locher wrote. “As a matter of constitutional law, it is not.”Iowa is among a few Republican-led states that have enacted a form of state-level immigration enforcement this year, infuriating Biden administration officials who have described the laws as unconstitutional overreach. Iowa officials vowed to appeal the judge’s order granting the preliminary injunction.

Persons: Stephen Locher, Biden Organizations: statehouse, Justice Department, Republican Locations: Iowa, United States, ” Iowa

☆ See inside a $300 million Gilded Age mansion built for heirs who died on the Titanic that sat abandoned for years
▼ + stars: | 2024-06-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTucked away in a quiet suburb of Elkins Park, Pennsylvania, lies Lynnewood Hall, a more-than-century-old mansion that its owner once referred to as "The Last American Versailles." He intended Lynnewood Hall to be a residence for him, his two sons, and their families. Lynnewood Hall was later inherited by his surviving son, Joseph, who was married and had two children. In June 2023, the Lynnewood Hall Preservation Foundation purchased the estate from Yoon for more than $9 million.

Persons: —, Peter A, Widener's, George, Eleanor, Harry, Widener, Lynnewood, Joseph, Richard S, Yoon, Leland Kent, Edward Thome Organizations: Service, Widener, Business, Korean, of, First Korean, Preservation Foundation Locations: Elkins Park , Pennsylvania, American Versailles, Europe, of New York

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ EU countries approve landmark nature law after delays
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +2 min

The nature restoration law is among the EU's biggest environmental policies, requiring member states to introduce measures restoring nature on a fifth of their land and sea by 2030. EU countries' environment ministers backed the policy at a meeting in Luxembourg, meaning it can now pass into law. "I know I will face opposition in Austria on this, but I am convinced that this is the time to adopt this law," Gewessler told reporters. Belgium, which holds the EU's rotating presidency and chairs meetings of ministers, said the Austrian government dispute would not affect the legality of the EU ministers' vote. EU countries and the European Parliament negotiated a deal on the law last year but it has come under fire from some governments in recent months amid protests by farmers angry at costly EU regulations.

Persons: Leonore Gewessler, Gewessler, Chancellor Karl Nehammer's, Karoline Edtstadler Organizations: Climate, Energy, Mobility, Innovation, European Union, European, Union, Greens, People's Party, EU Locations: European, Brussels, Luxembourg, Austria, Belgium, Austrian

☆ Chinese citizens grapple with Florida law that bars them from buying property
▼ + stars: | 2024-06-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.

Persons: CNN —, Jin Bian, Bian, “, Ron DeSantis, isn’t, Bill 264, Sellers, ”, Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ Kate Middleton's reappearance could save the royal family
▼ + stars: | 2024-06-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewKate Middleton attended King Charles III's birthday parade this weekend — her first royal engagement since she announced her cancer diagnosis in March. The princess's tentative return to royal duties comes after a difficult period for the royal family, which included the "Katespiracy" theories and the slimmed-down monarchy seemingly threatening the family's future. The royal family at King Charles III's birthday parade. The royal family carried out a collective 4,000 engagements in 2014, including Prince Harry's trip to Brazil and the Queen and the Duke of Edinburgh's engagements in France and Italy. "The royal family has a strange position in our society, where everyone, to an extent, feels like it's an extension of our own families."

Persons: —, Kate Middleton, King Charles III's, Kate, Jenny Packham, Prince William, King Charles , Queen Camilla, Richard Fitzwilliams, Chris Jackson, Charles, Fitzwilliams, Catherine, Phil Dampier, who's, Prince Harry's, Duke, Jack Royston, Kate's, Royston, She's, Robert Hardman, Charles III, Hardman, Buckingham Organizations: Service, Business, Royal, Guardian, New Locations: Buckingham, Brazil, France, Italy, Kensington

☆ Major Ukraine summit ends with fresh plea for peace but key powers spurn final agreement
▼ + stars: | 2024-06-16 | by ( Joshua Berlinger | Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —A two-day summit in Switzerland dedicated to forging a path forward to end the war in Ukraine concluded with key powers spurning a joint communique agreed to by more than 80 other countries and international organizations. The world cares deeply about the war provoked by Russia’s aggression,” European Commission President Ursula von der Leyen said. The sides also said that all children and civilians that were unlawfully displaced must be returned to Ukraine. And Ukraine must disarm so that is vulnerable to future Russian aggression down the road. No responsible nation could say that is a reasonable basis for peace,” Sullivan said.

Persons: spurning, Volodymyr Zelensky, Zelensky, Vladimir Putin, Kamala Harris, Ursula von der Leyen, Jake Sullivan, ”, Putin, ” Sullivan Organizations: CNN, United Arab, European Union, Kremlin, NATO, Russian, Luhansk –, US National Security, Ukrainian Locations: Switzerland, Ukraine, India, Saudi Arabia, South Africa, United Arab Emirates, Russia, Ghana, Canada, Chile, Lucerne, Argentina, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Poland, Sweden, United Kingdom, China, Moscow, Russian, Donetsk, Luhansk, Kherson, Zaporizhzhia, Harris

☆ Russian forces ‘eliminate’ ISIS-linked detainees after hostage situation at detention center, state media report
▼ + stars: | 2024-06-16 | by ( Darya Tarasova | Alex Stambaugh | ) edition.cnn.com time to read: +1 min

CNN —Two employees of a pre-trial detention center in the southern Russian city of Rostov-on-Don have been rescued after they were held hostage by six detainees in the facility for several hours on Sunday morning, according to Russian state media. Earlier, Russian state news agency TASS reported that some of the detainees involved were being held in pre-trial detention for cases of terrorist crimes and have links to the Islamic State, Russian state news agency TASS reported. In one video, one man wearing the pro-Islamic Jihad logo on his forehead says the group are Islamic State. The two employees, an operational officer and an inspector-supervisor, were taken Sunday morning by the group of detainees who demanded transport in exchange for the employees’ release, TASS reported citing law enforcement. The detainees were armed with a pocketknife, a rubber baton and a fire axe, Russian media reported citing law enforcement agencies.

Persons: Don, ”, Vladimir Osechkin Organizations: CNN, Federal Penitentiary Service, Russia, RIA Novosti, TASS, Islamic Locations: Russian, Rostov, Islamic State

☆ AI could supercharge offshoring
▼ + stars: | 2024-06-16 | by ( Tim Paradis | ) www.businessinsider.com time to read: +11 min

There's another possibility, however: Someone who knows how to use AI — and who's based abroad — will come for your job. AdvertisementAndrew Yeung, a former product lead at Google and Meta, predicted in May that overseas workers who get their AI glow-up will someday take over numerous jobs. And it's not just learning about AI, but learning from AI. AI is also making it cheaper to bring lessons on AI and other topics to people in languages other than English. AdvertisementThe time it took for earlier technologies — including automation and robotics — to rejigger the labor market was longer than what we're seeing with Gen AI, Vincent said.

Persons: —, Andrew Yeung, Sagar Khatri, Khatri, Everyone's, Jeff Maggioncalda, Maggioncalda, Coursera, Daron Acemoglu, they're, Acemoglu, Scott Vincent, Vincent, he's, Offshoring, you've, Drew Cesario Organizations: Service, Business, Google, Sagar, Massachusetts Institute of Technology, Philippines . " Workers, Digital Futures, Futures, Cesario Locations: New York, Philippines, Mexico, India, Pakistan, Brazil, Vietnam, Egypt, Japan, Germany, Indonesia

☆ Against the odds, the USA cricket team is capturing hearts and minds with historic run through Men’s T20 Cricket World Cup
▼ + stars: | 2024-06-16 | by ( Ben Morse | Patrick Snell | ) edition.cnn.com time to read: +7 min

Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.

Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, “, ”, Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, ‘, ’, –, US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand

☆ Elon Musk has a lot to lose — or gain — based on who wins the presidential election
▼ + stars: | 2024-06-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.

Persons: —, Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States

☆ At Biden Fund-Raiser, Hollywood and Democrats Let the Trump Attacks Fly
▼ + stars: | 2024-06-16 | by ( Shawn Mccreesh | Adam Nagourney | ) www.nytimes.com time to read: +1 min

A Hollywood fund-raiser Saturday night intended to bolster President Biden’s war chest turned into a platform for some of the most concerted and toughest attacks to date on former President Donald J. Trump by the Biden campaign, as entertainers, Barack Obama and even Jill Biden assailed Mr. Trump’s ethics and his suitability to return to the White House. Ms. Biden, after being introduced by Barbra Streisand, said the choice was between her husband, “who honors the rule of law instead of trying to bend it to his way,” and Mr. Trump, “who wakes up every morning caring about one person and one person only: himself.”“Mr. Trump has told us again and again why he wants the White House — to give himself absolute power, to not be held accountable for his criminal action,” Ms. Biden continued. His aim, she told the crowd, “was to destroy the democratic safeguards that stand in his way.”Mr. Obama invoked Mr. Trump’s felony convictions — something that Mr. Biden has for the most part avoided doing — to applause from the crowd.

Persons: Donald J, Trump, Biden, Barack Obama, Jill Biden, Ms, Barbra Streisand, “, ”, Mr, Obama

☆ Opinion: European soccer’s latest racism row
▼ + stars: | 2024-06-16 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —On Sunday, England will face Serbia in its first game of the Euro 2024 championship, hosted by Germany. Since then, the FA, the European football association UEFA and FIFA , the sport’s international governing body, have visibly upped their anti-racism game. One might conclude, for instance, that Monday’s court decision in Spain meting out prison sentences to three Valencia fans for hurling racial insults, is evidence of European soccer’s new, tougher line against racism. Saka knows UEFA observers will be on duty at every Euro 2024 match and will be on the lookout for racist incidents. I see it as an attempt by professionals who should know better to make a Black player carry the can for a disappointing performance by the whole team.

Persons: Keith Magee, Keith Magee Arron, — Marcus Rashford, Jadon Sancho, Prince William, “, Vinícius Júnior, Julian Finney, —, Saka, Carl Recine, Ian Wright, ” Sir Lewis Hamilton, vilifying, Tony Burnett, ” Burnett Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Germany, England’s Football Association, FA, European, UEFA, FIFA, Valencia, Wembley, Getty, Sunday’s, Serbia, England, Iceland, Versus, Conservative, Daily Sun, The Telegraph, Daily Star, BBC Locations: England, Serbia, Italy, Spain, Iceland, London, Germany, Europe

☆ Bill Gates says nuclear power has 'impressive' bipartisan support
▼ + stars: | 2024-06-16 | by ( Katie Balevic | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewThe forecast looks bright for American nuclear energy, Bill Gates says. The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded. Related stories"Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator." That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.

Persons: —, Bill Gates, Gates, It's, Joe Biden Organizations: Service, Microsoft, Business, CBS, of Nuclear Energy, Tech Locations: Wyoming, United States

“When I got on scene, I started to cry,” said Rochester Hills Mayor Bryan Barnett Saturday night. “Because I know what a splash pad is supposed to be. The scene of a shooting at the Brooklands Plaza Splash Pad in Rochester Hills, Michigan, on Saturday, June 15, 2024. Police respond to the scene of a shooting at the Brooklands Plaza Splash Pad in Rochester Hills, Michigan, on Saturday, June 15, 2024. “I am heartbroken to learn about the shooting in Rochester Hills,” she wrote.

Persons: Oakland County Sheriff Michael Bouchard, ”, John James, Bouchard, “, Bryan Barnett, ” Bouchard, “ We’re, WDIV, Gretchen Whitmer Organizations: CNN — Police, Oakland County Sheriff, Michigan, Rochester Hills, Michigan State University, CNN, Brooklands, Rochester, Police, Investigators, Authorities, Oxford, Gov Locations: Rochester Hills , Michigan, Brooklands, Oakland County, Rochester, Oxford , Michigan, Oxford, Rochester Hills

☆ My husband was 40 and thought he didn't have the energy for another baby. But when I ended up pregnant, he was thrilled.
▼ + stars: | 2024-06-16 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

After the birth of our second child, he said he felt like he didn't have the energy for another baby at the age of 40. I was so excited about the news, but I wasn't sure about how my husband would take it. Melissa Noble says that being an older parent has its challenges, but it also has its positives. But there are also lots of positives to being an older parent. For one, we're more relaxed and definitely in a better position financially than we were when we unexpectedly fell pregnant with baby No.

Persons: —, I've, hesitantly, Melissa Noble, Lily, Sam Organizations: Service, Business Locations: Melbourne

☆ 'We're not backing down:' How the West plans to use Russia's frozen funds, and why some say it's still not enough to help Ukraine
▼ + stars: | 2024-06-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

The Group of Seven has agreed in principal to provide Ukraine with a $50 billion loan. Profits from Russian frozen funds are to be used as collateral to back the loan. AdvertisementThe Group of Seven has finally moved the dial on a contentious idea to provide funding to Ukraine by using Russian funds. AdvertisementRoughly $322 billion in funds were frozen after Moscow invaded Ukraine and have sat untouched for over two years. That could mean Moscow taps Western funds in the country and punishes any Western companies that have remained in Russia.

Persons: —, Putin, we're, Joe Biden, Biden, Michael Froman, Donald Trump, Vladimir Putin, Charles Lichfield, Chatham House's Timothy Ash Organizations: Seven, Service, Kyiv, European Commission, of Foreign, CNBC, Moscow, The, CEPA, Financial Times Locations: Ukraine, headbutting, Moscow, Europe, Kyiv, Russia, France, Germany

☆ Americans are still paying more for shoes, luggage and hats after Biden left Trump’s tariffs in place
▼ + stars: | 2024-06-16 | by ( Katie Lobosco | ) edition.cnn.com time to read: +12 min

Courtesy Abby ChowningThe tariffs Biden left in place – which are paid by US importers and not China – hit roughly $300 billion of goods. After Trump’s tariffs hit, some US companies sought new manufacturers in other countries. The Covid-19 pandemic upended the global economy roughly two years after Trump’s trade war began. Several studies show that Trump’s tariffs only marginally contributed to the rise in US inflation experienced after the pandemic and the following supply chain crisis. Trump’s tariffs were meant to get China to address those issues.

Persons: Donald Trump, Trump, Tiffany Zarfas Williams, ”, Zarfas Williams, Joe Biden, –, “ Trump, ” Biden, “, Biden, ’, Abby, China –, Rick Muskat, Jake Muskat, Alena Margolis, Muskat, ” Muskat, Phil Page, Page, Bryan Finch, ” Page, Morgan, Nate Herman, Matt Priest, Priest, Steve Madden, ” Jared Bernstein, we’ve, ” Bernstein, Justin Sullivan, ” Herman, Xi Jinping, Biden “ Organizations: Washington CNN —, China, Trump, Biden, Deer Stags, JCPenney, America, Cap America, American Apparel & Footwear Association, Bureau of Labor Statistics, Footwear Distributors, Retailers of America, Adidas, Columbia, Nike, White House Council, Economic Advisers, China Business, Trade, National Council of Textile Organizations, Port Locations: Lubbock, Texas, China, Ukraine, Missouri, Vietnam, Bangladesh, Port of Oakland, Oakland , California

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