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☆ A Fed Governor Reiterates That Rate Cuts Are Coming
▼ + stars: | 2024-01-16 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

A prominent Federal Reserve official on Tuesday laid out a case for lowering interest rates methodically at some point this year as the economy comes into balance and inflation cools — although he acknowledged that the timing of those cuts remained uncertain. Christopher Waller, one of the Fed’s seven Washington-based officials and one of the 12 policymakers who gets to vote at its meetings, said during a speech at the Brookings Institution on Tuesday that he saw a case for cutting interest rates in 2024. “The data we have received the last few months is allowing the committee to consider cutting the policy rate in 2024,” Mr. Waller said. While noting that risks of higher inflation remain, he said “I am feeling more confident that the economy can continue along its current trajectory.”Mr. Waller suggested that the Fed should lower interest rates as inflation falls. Because interest rates do not incorporate price changes, otherwise so-called real rates that are adjusted for inflation would otherwise be climbing as inflation came down, thus weighing on the economy more and more heavily.

Persons: Christopher Waller, ” Mr, Waller, “, Mr Organizations: Federal Reserve, Brookings Institution Locations: Washington

☆ Gold frail as dollar, yields strength dim shine
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were subdued on Tuesday as the dollar and Treasury yields rose, while traders waited to hear from a slew of U.S. Federal Reserve speakers this week for more clarity on the central bank's rate cut prospects. The dollar index touched a 10-day high, making bullion less attractive for other currency holders, while yields on benchmark U.S. 10-year Treasury notes rose above 4%. Elsewhere, European Central Bank officials pushed back against market expectations for rapid rate cuts this year. According to Reuters technical analyst Wang Tao, spot gold may retrace to $2,042 per ounce, after its repeated failures to break resistance at $2,060.

Persons: Christopher Waller's, Matt Simpson, Christopher Waller, Waller, Simpson, Wang Tao Organizations: Co, . Federal Reserve, Index, Fed, Brookings Institution, Traders, Central Bank Locations: Bangkok, Thailand

☆ Job data suggests ‘soft landing’ is increasingly likely, economists say
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Luis Alvarez | Digitalvision | Getty ImagesThe U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said. Why a soft landing is like 'Goldilocks' porridge'Steaming bowl of oatmeal porridge, made with Irish oats, wheat berries and barley. A soft landing is like "'Goldilocks' porridge' for central bankers," Brookings Institution economists wrote recently. How the labor market fits inWhy the job market is already 'back into balance'The latest labor data added to encouraging news about a likely soft landing, economists said. Despite the large monthly decline, job openings are still 25% above their February 2020 level, she added.

Persons: Luis Alvarez, Jason Furman, Obama, Jon Lovette, Julia Pollak, Pollak Organizations: Digitalvision, Federal Reserve, U.S . Department of Labor, Labor, Harvard University, White House Council, Economic Advisers, Getty, Fed, Brookings, American Economic Association

☆ US drug shortages are forcing ‘impossible choices’ for Americans, experts tell Senate committee
▼ + stars: | 2023-12-05 | by ( Jen Christensen | ) edition.cnn.com time to read: +7 min

Anderson Cancer Center in Houston, Dr. Jason Westin regularly witnesses the power of lifesaving cancer drugs. But because generic cancer drugs are often in shortage in the United States, he says, he and his patients have been put in a terrible position. Makers of generic drugs don’t have to share information about the supply chain, so buyers currently choose based only on price. Hernandez told the Senate committee that of the top 50 generic drugs paid for by Medicare Part D, 16 were marked up 1,000% or higher. Until there is some kind of legislation that addresses drug shortages, Wosińska and the other experts agreed, they will continue.

Persons: Jason Westin, ” Westin, that’s, they’d, Sen, Marsha Blackburn, Mike Crapo, Generics, ” Crapo, “, ”, Crapo, Inmaculada Hernandez, ” Hernandez, Dr, Marta E, it’s, ” Wosińska, Ron Wyden, ” Wyden, Hernandez, Sanjay Gupta Organizations: CNN, Anderson Cancer Center, US, Finance, Vanderbilt, Tennessee Republican, Food and Drug Administration, Westin, Skaggs School of Pharmacy, Pharmaceutical Sciences, University of California, Centers, Medicare, Medicaid Services, Brookings Institution, CNN Health Locations: M.D, Houston, United States, Nashville, Idaho, China, India, San Diego, Oregon, generics

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

☆ ChatGPT is already stealing work from freelancers
▼ + stars: | 2023-12-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The popularity of ChatGPT has already led to lower earnings for some Upwork and Fiverr freelancers. AdvertisementLast year, a record 39% of the US workforce did freelance work , per the freelance platform Upwork. It's not just Upwork freelancers who are earning less. He said he's seen some freelancers' earnings fall from roughly $2,500 to $3,000 per month to around $1,000 today. Some freelancers have found work as AI content editors, which often involves editing, fact-checking, and giving a human touch to clients' AI-generated content.

Persons: ChatGPT, —, he's, @xianghui90 @oren_reshef @Zhou_Yu_AI, kbtp8uDUPU, John Burn, Murdoch, Carl Benedikt Frey, Mark Muro, it's, Fiverr, Ben Baker, Baker Organizations: Service, Washington University, New York University, Brookings Institution Locations: St, Louis, Australia, @jburnmurdoch, Oxford

☆ Democrats have no Biden backup plan for 2024, despite age concerns
▼ + stars: | 2023-11-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +7 min

Despite weak poll numbers and questions, including from some Democrats, about his age, Biden has stuck to his plan to seek a second term after clearing the field of serious Democratic primary challengers when he announced in April that he was running again. Biden loyalists, citing his record in office, argue that the party does not need a backup plan to defeat probable Republican nominee Donald Trump, who Biden beat in the 2020 election. To the chagrin of the White House, Biden's age has become a defining part of the 2024 campaign. "If he continues to run, he will be the nominee of the Democratic Party. In 1972, then Senator George Eagleton withdrew as Democratic presidential candidate George McGovern's vice presidential running mate after revelations of his treatment for depression forced him out of the race.

Persons: Joe Biden, Eisenhower, Evelyn Hockstein, Biden, Donald Trump, Biden's, Kamala Harris, ” Biden, Daniel Wessel, Trump's, Trump, David Axelrod, Barack Obama's, Axelrod, Marianne Williamson, Dean Phillips, Harris, Gavin Newsom, Elaine Kamarck, George Eagleton, George McGovern's, Sargent Shriver, McGovern, Newsom, Ron DeSantis, Jeff Mason, Heather Timmons, Alistair Bell Organizations: REUTERS, Rights, Democratic Party, Democratic, Biden, Republican, Democrat, Reuters, MAGA, Republicans, Trump, White, Twitter, U.S, Brookings Institution, Democratic National Committee, DNC, Thomson Locations: Washington , U.S, Nevada, South Carolina, Georgia, California , Illinois, Michigan, Chicago, California, Washington, Florida

It also is one of the most substantial exceptions to the Posse Comitatus Act, which generally prohibits using the military for law enforcement purposes. Trump has spoken openly about his plans should he win the presidency, including using the military at the border and in cities struggling with violent crime. His plans also have included using the military against foreign drug cartels, a view echoed by other Republican primary candidates such as Florida Gov. The threats have raised questions about the meaning of military oaths, presidential power and who Trump could appoint to support his approach. William Banks, a Syracuse University law professor and expert in national security law, said a military officer is not forced to follow “unlawful orders."

Persons: Donald Trump, “, I’m, ”, ” Trump, Trump, don’t, Joseph Nunn, Brennan, “ There’s, Nunn, Ron DeSantis, Nikki Haley, Michael Flynn, Flynn, Charles Q, Brown, Joe Biden's, Lyndon Johnson, Dr, Martin Luther King Jr, Johnson, John F, Kennedy, Dwight Eisenhower, Eisenhower, George H.W, Bush, Rodney King, Michael O’Hanlon, O’Hanlon, Pat Ryan, Ryan, William Banks, Banks, ” Nunn, Jill Colvin, Michelle L, Price, Linley Sanders Organizations: WASHINGTON, New, Brennan Center for Justice, Florida Gov, South, Army, FBI, Trump, Pentagon, Joint Chiefs, Staff, U.S . Capitol, AP, Republican, Washington, Civil, 101st Airborne, Central High School, National Guard, Brookings Institution, Democratic, U.S . Military Academy, Syracuse University, Associated Press Locations: Iowa, New York City, Chicago, Florida, South Carolina, U.S, Baltimore , Chicago, Rock , Arkansas, Los Angeles, New York, West, Washington

[1/3] An employee hiring sign is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. So far, he said at a Boston Fed labor market conference earlier this month, measures like the employment-to-population ratio largely have not behaved differently for key racial groups, for women versus men, or among those with different education levels. Research has since tended to suggest that there may be untapped pools of labor that only become available when the job market is tight - an argument for keeping monetary policy looser than not. The labor market recovery so far has been "remarkably equitable," she said. Pandemic-era programs threw a safety net under many families, and the tight job market that has since developed helped many get a foothold, Rouse said.

Persons: Elizabeth Frantz, William M, Rodgers III, Rodgers, Torsten Slok, Jerome Powell, quartile, Chris Wheat, Cecilia Rouse, Joe Biden, Rouse, what's, we're, Howard Schneider, Dan Burns, Paul Simao Organizations: REUTERS, Rights, Institute for Economic Equity, St, Louis Federal Reserve, Boston Fed, Blacks, Apollo Global Management, JPMorgan Chase Institute, Workers, Reuters Graphics, of Economic Advisers, Brookings Institution, Thomson Locations: Arlington , Virginia, U.S, joblessness

Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. Polls consistently show that most Americans disapprove of Biden's handling of the economy. I hear that from my family.”That's particularly true for some of the goods and services that Americans pay for most frequently: Bread, beef and other groceries, apartment rents and utilities. “Partly because the country is more polarized.”Even so, many Americans, like Charles, are still feeling the pain of inflation. Even if it does, the higher pay may come with a time lag.

Persons: they’re, Joe Biden, Lisa Cook, Cook, ”, Wendy Edelberg, Katherine Charles, Charles, “, ” Charles, Maximus, Eileen Cassidy Rivera, ” Rivera, Karen Dynan, George W, Bush, Obama, Edelberg, ” Edelberg, haven't, Brad Hershbein, Anthony Murphy, Murphy, Aparna Jayashankar, ” Hershbein Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, Federal Reserve's Board of Governors, Duke University, “, Brookings Institution, Medicare, Affordable, Teamsters, Biden, House, Republicans, University of Michigan's, Harvard, Upjohn Institute, Federal Reserve Bank of Dallas Locations: U.S, Tampa , Florida, autoworkers, ”

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

WASHINGTON (AP) — The Federal Communications Commission has enacted new rules intended to eliminate discrimination in access to internet services, a move which regulators are calling the first major U.S. digital civil rights policy. FCC Chairwoman Jessica Rosenworcel said that Congress required the agency to adopt rules addressing digital discrimination, through bipartisan infrastructure legislation passed at the start of the Biden administration. Poorer, less white neighborhoods were found to have received lower investment in broadband infrastructure and offered worse deals for internet service than comparatively whiter and higher-income areas. It is simply not plausible that we could prevent and eliminate digital discrimination by solely, solely addressing intentional discrimination,” said fellow commissioner Geoffrey Starks. President Joe Biden has said the investments in the bipartisan infrastructure law are meant to connect every U.S. household to quality internet service by 2030 regardless of income or identity.

Persons: Jessica Rosenworcel, Biden, ” Rosenworcel, ”, Nicol Turner Lee, Brendan Carr, “ It’s, Carr, Geoffrey Starks, “, Trump, Joe Biden, Christopher Ali, “ That’s, Ali, ” Ali, ” ___ Matt Brown Organizations: WASHINGTON, Federal Communications Commission, FCC, Associated Press, Center for Technology Innovation, Brookings Institution, National Cable and Telecommunications Association, Free Press, Pennsylvania State University Locations: U.S, “

☆ Inside the remarkably intricate planning for Biden’s meeting with Xi
▼ + stars: | 2023-11-14 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +7 min

That included the timing and location of the summit, which is occurring amid a larger gathering of Pacific leaders in San Francisco. “China – normally, if they come to United States, they want everything. San Francisco and the Bay Area are home to one of the largest populations of Chinese or Chinese-Americans in the United States. One-fifth of the population of San Francisco has Chinese roots, according to US census data. “Chinese officials will want to project to their domestic audience that Xi is received by Biden with dignity and respect.

Persons: Xi Jinping, Joe Biden, Xi, Biden, ”, Victor Cha, San, Xi ”, Barack Obama, Donald Trump, Obama, Trump, –, Xi’s, Ryan Hass, John L, ” Hass, Wednesday’s, “ Organizations: San Francisco CNN, Beijing, CNN, White House, Center for Strategic, International Studies, APEC, Area, Biden, Communist Party, Trump, Mar, Thornton China Center, Brookings Institution, House Locations: San, United States, San Francisco, China, Asia, China American, California, Palm Springs, Beijing

☆ Inside David Solomon's evolution of Goldman Sachs
▼ + stars: | 2023-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a fascinating deep dive into the state of Goldman Sachs, including an interview with CEO David Solomon. The big storyLong live GoldmanJon Krause for InsiderDid Goldman Sachs need to die to survive? The prestigious Wall Street bank has drawn plenty of bad headlines over the past few years, often focused on CEO David Solomon. AdvertisementMichael Kovac/Getty ImagesMcLean's story provides a fascinating look at not just Goldman Sachs' evolution but Wall Street's. Goldman COO John Waldron told McLean it's a "big, big issue" at the bank.

Persons: —, we've, it's, Goldman Sachs, David Solomon, What's, Goldman Jon Krause, Solomon, Bethany McLean, McLean, he's, hasn't, Michael Kovac, Banks, Goldman, John Waldron, McLean it's, wouldn't Goldman, Jerome Powell, Carlos Barria, Mark Zuckerberg, Jeff Bottari, Mark, TikTok, Ian Grandjean, Chatbots, Frederick Banting, Travis Barker, King Charles III, Yuna, Condoleezza Rice, Claude Monet, Ina, Terri Peters, Ina Garten, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Enron, Brookings Institution, UBS, Moody's, Facebook, Google, Meta, Apple Locations: Washington, Roman, New York City, San Diego, London, New York

☆ Biden’s economic scorecard touts fragile advantage
▼ + stars: | 2023-11-09 | by ( Ben Winck | ) www.reuters.com time to read: +11 min

And if the political strategist James Carville was right that “it’s the economy, stupid,” the next several months could make or break Joe Biden’s economic record. As things stand, the current ruler of the free world touts a fragile advantage. Households’ disposable income after adjusting for inflation hit a record $20 trillion in the month that Biden’s measure was approved, according to the Bureau of Economic Analysis. STUDENT LOANSForgiving swaths of student debt was another of Biden’s campaign promises, but his efforts have so far failed. And with higher interest rates making debt service more expensive, Biden’s spending could come back to bite him on election day.

Persons: Joe Biden, Ken Cedeno, James Carville, Joe Biden’s, “, aren’t, Breakingviews, it’s, Biden, Donald Trump, Mitch McConnell, ”, Realtor.com, Congressional Republicans haven’t, haven’t, WALL, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Edmond's Catholic, REUTERS, Rights, Reuters, House, Republican, AMERICAN, ACT, Brookings Institution, Analysis, Walmart, Nordstrom, Deere, Caterpillar, Republicans, Commerce Department, Micron, Bank of America, Gallup, Federal Reserve, United Auto Workers, RSM, Congressional Republicans, Biden, Reuters Graphics Reuters, Conservative, Thomson Locations: St, Rehoboth Beach , Delaware, U.S, New York, Arizona, West Virginia

☆ Opinion: Why Democrats shouldn’t despair over concerning new polls about Biden
▼ + stars: | 2023-11-05 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +6 min

Despite the concerning top-line numbers, the Times/Siena College polls do offer some hope and a road map to Biden’s victory. The other issue Biden wins more trust than Trump on is the handling of “democracy,” according to the new polls. Biden made democracy a key issue in the closing weeks of the 2022 midterms. For those who want Biden to win in 2024, you can’t ignore the polls but shouldn’t be panicked by them. The Biden campaign needs to do its part in terms of campaigning on the key issues and building an effective ground game.

Persons: Dean Obeidallah, CNN —, Joe Biden, Donald Trump, It’s, Biden, Trump, Barack Obama, Obama, Mitt Romney, “, Barack Obama’s, Hillary Clinton, Biden —, —, outraise Trump, Wade ”, ”, “ Donald Trump, overperformed, MAGA, it’s, shouldn’t Organizations: CNN, The New York Times, Siena College, Dean Obeidallah CNN, Times, Biden, Trump, PBS, Go, Democratic, Electoral, New York Times, Mr, —, ”, Siena, Republican, MAGA Republicans Locations: Siena, Nevada , Arizona, Michigan, Romney, Roe, Arizona

☆ The biggest winners — and losers — in the coming AI job apocalypse
▼ + stars: | 2023-11-01 | by ( Emil Skandul | ) www.businessinsider.com time to read: +10 min

In fact, as other long-term trends take hold, many of these working-class roles are poised for a job explosion. While manufacturing jobs as a whole are expected to stay flat, spending in this industry has boomed to $200 billion each year, tripling in the past five years. "What characterizes the physical labor jobs that are safe for the next five or 10 years are things that are in an unpredictable physical environment," Kweilin Ellingrud, a McKinsey Global Institute director, told me. Instead of replacing these jobs, AI will likely benefit specific roles by making it easier to do the most routine parts of the job. He added: "There are these jobs that are in a middle ground where the physical work may remain but the supervision might be more exposed."

Persons: plumbers, Philip Levine, there's, Mark Muro, barometers, OpenAI, Ellingrud, Muro, Emil Skandul, Tony Blair Organizations: Ford, US Bureau of Labor Statistics, Brookings Institution, Accenture, Bureau of Labor Statistics, McKinsey, McKinsey Global Institute, Research, Tony Blair Institute Locations: American, America

A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022. Battery storage is expected to support 48,000 jobs, and solar is expected to support 35,000, both annually for five years. “As community colleges develop a rhythm for training the type of workers these companies need, that’s going to enhance the appeal of our workforce and state as a business location to more and more these clean energy companies," he said. Although investments in clean energy are “on hyperdrive,” other factors were supporting the clean energy labor transition before the IRA, said Joseph Kane, a researcher at the Brookings Institution nonprofit research organization. Labor shortages in the clean energy sector, particularly in construction, manufacturing, and electrical work are notable, said Thomas Kwan, director of sustainability research at Schneider Electric, an energy management and industrial automation company.

Persons: “, Bob Keefe, Mateo Jaramillo, ” Jaramillo, Christopher Chung, ”, Chung, Joseph Kane, Kane, Thomas Kwan, Kwan Organizations: Environmental Entrepreneurs, EV, Economic Development, of, Brookings Institution, Labor, Schneider Electric, AP Locations: U.S, Weirton , West Virginia, West Virginia, of North Carolina, North Carolina

Union wages, and the battles to keep them, have elevated the fortunes of countless Black families, Brooks said. “Black people could take advantage of that and buy homes in neighborhoods throughout Detroit,” Perry said. “Without the union jobs, (employers) can do anything, say anything and you're out the door,” she said. Only about 25% of Detroit's residents are in that range, and about two-thirds of city residents earn less than $50,000 per year, Goss said. Martin described her childhood during the 1970s and 1980s in her predominantly Black Detroit neighborhood as among the “happiest times” of her life.

Persons: WAYNE, Britney Johnson, Johnson's, “, ”, Tracy Brooks, Johnson, Brooks, Bobbie Allen Sr, Allen, ” Brooks, Andre Perry, ” Perry, Mike Duggan, Anika Goss, Goss, Yolanda Martin, Martin, Tracy Hadden Loh, ” Martin, ” ___ Jefferson, Rhonda Shafner Organizations: Black, United Auto Workers, Ford, Union, General Motors, Ford Motor, Blacks, Brookings Metro, Brookings Institution, Daimler Chrysler, Fiat Chrysler, PSA Peugeot, Detroit Future, Chicago . Locations: Mich, Ford's Wayne, Texas, Michigan, Detroit, Stellantis, U.S, Chicago, Black Detroit, Rosedale, Grandmont, Novi, New York

Bryant West was halfway through high school in Pascagoula, Mississippi, when he dropped out in 2020. But in every state reporting high school graduation rates by gender, research shows female students graduate at higher rates. “I was lashing out because I wasn’t OK,” said Nichols, who ended up leaving high school after ninth grade. Still, the urban district posted a 10-point graduation gender gap in 2022 (84%-74%) and an 11-point gap (84%-73%) in 2021. The graduation gender gap “is harder to explain than some of the other disparities we see,” PRB’s Jarosz said.

Persons: —, Bryant West, ”, Beth Jarosz, Jarosz, Richard Reeves, Reeves, Edwin Quezada, Quezada, “, Benjamin Nichols ’, Nichols, Barack Obama, Jeffrey Hammond, Hammond, PRB’s Jarosz, it’s Organizations: Brookings Institution, American Institute for Boys, “, ”, American, Associated Press, Carnegie Corporation of New, AP Locations: BUFFALO, N.Y, Pascagoula , Mississippi, Popeye’s, “, U.S, Yonkers , New York, Buffalo, Yonkers, Carnegie Corporation of New York

(AP) — An Indiana Moms for Liberty chapter has followed the conservative group’s national playbook, challenging diversity, equity and inclusion efforts in school districts as part of its “parental rights” mission. Democratic candidate and Carmel city councilman Miles Nelson asked his opponent on stage earlier this month to denounce the local Moms for Liberty chapter. The local chapter is relatively new, but its June newsletter attracted wide condemnation after quoting Hitler on its front cover. “It’s a clear example of how opposition to Moms for Liberty can galvanize people to vote against conservative candidates,” Valant said. Shaw, a former teacher, said she is concerned about the Moms for Liberty chapter's influence in the county.

Persons: Adolf Hitler, Miles Nelson, Sue Finkam, Nelson, Joe Biden, Donald Trump, Trump, Hitler, ”, Finkam, ” Finkam, Kory Wood, “, ” Wood, “ Sue, ” Paige Miller, ” Miller, ” Nelson, ” Jon Valant, ” Valant, Valant, Diane Shaw, Shaw, David Shaw, ” David Shaw, “ I’ll Organizations: Indiana, Liberty, Democratic, Associated Press, Southern Poverty Law Center, Brookings Institution, Indianapolis Star, Carmel, Liberty Hamilton County, Mayor, Brown Center, Education Locations: CARMEL, Ind, Carmel , Indiana, Carmel, Indianapolis, Hamilton, ” Florida, U.S, Philadelphia, Hamilton County, Nazi, United States of America, Chicago

Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, October 25, 2023. Political analysts said his planned address in Istanbul aimed to reinforce his growing criticism of Israel's bombardment of the Gaza Strip and to overshadow Sunday's celebrations marking Turkey's secular roots. Turkey has condemned Israeli civilian deaths caused by Hamas's Oct. 7 rampage through southern Israel, but Erdogan this week called the militant group Palestinian "freedom fighters". ATATURK LEGACYThis week, Erdogan invited all Turks to attend the rally where he said "only our flag and the Palestine flag will wave". Erdogan, Turkey's longest-serving leader, and his Islamist-rooted AK Party have eroded support for the Western-facing ideals of Ataturk, who is revered by most Turks.

Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Erdogan, Israel, Sinan Ulgen, Ulgen, ATATURK, Mustafa Kemal Ataturk, Turkey's, Ataturk, Asli Aydintasbas, Gumrukcu, Jonathan Spicer, Helen Popper Our Organizations: AK Party, Turkish, REUTERS, Hamas, Gaza, Hamas's, Jerusalem, NATO, European Union, Centre for Economic, Foreign Policy Studies, Brookings, Thomson Locations: Ankara, Turkey, Handout, Israel Turkey, ISTANBUL, Israel, Istanbul, Italy, Turkish, Palestine, Washington

☆ Why Hasn’t Israel Invaded Gaza?
▼ + stars: | 2023-10-27 | by ( Cecelia Smith-Schoenwalder | ) www.usnews.com time to read: +9 min

While Israel has performed raids in Gaza, the larger ground invasion hasn’t happened, and the delay could expose further challenges for Israel’s operations. Additionally, the Biden administration has raised concerns that Israel lacks achievable military goals in Gaza, and the delay could help the country refine its objectives. So far, outside interests have remained mostly on the sidelines of the conflict, but a ground invasion could change that. There has also been some speculation that the ground invasion could be more limited in scope than what has been imagined so far. But waiting any longer for a ground invasion could create a dilemma for Israel: waning international support.

Persons: It’s, ” Natan Sachs, Benjamin Netanyahu, John Kirby, Israel, We’re, we’re, ” Kirby, Joe Biden, “, ”, Biden, doesn't, Ian Hurd, it's, ” Biden, ” Dan Byman, Hossein Amirabdollahian, Jonathan Conricus, Byman, Kirby, We’ve Organizations: Hamas, Brookings Institution, Pentagon, United, United Arab Emirates, White, National Security, Israeli Defense Forces, Northwestern University, Street, Iran’s Quds Force, Quds Force, Center for Strategic, International Studies, ” Iran's, United Nations, General, Israel Defense Forces, ABC Radio Melbourne, Israel, Georgetown University’s School of Foreign Service Locations: Gaza, U.S, Israel, Iraq, Syria, Kuwait, Jordan, Saudi Arabia, United Arab, Iran, The U.S, Tehran, Iran’s Quds, Beirut, Palestine, United States

☆ Microsoft, OpenAI-backed AI safety forum names first director, plans advisory board
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The Frontier Model Forum also said it created a fund to back research into the technology, with initial funding commitments of more than $10 million from its backers and partners. It said its first-ever director would be Chris Meserole, who most recently served as director of AI and emerging technology initiative at the Brookings Institution, a Washington-based think tank. He joins a forum launched in July with a focus on "frontier AI models" that exceed the capabilities present in the most advanced existing models. Industry leaders have warned that such models could have dangerous capabilities sufficient to pose severe risks to public safety. The Frontier Model Forum is backed by ChatGPT-owner OpenAI, Microsoft (MSFT.O), Google's parent Alphabet (GOOGL.O) and AI startup Anthropic.

Persons: Dado Ruvic, Chris Meserole, OpenAI, Juby Babu, Savio D'Souza Organizations: REUTERS, Microsoft, Google, Brookings Institution, Industry, Britain, ChatGPT, Thomson Locations: Washington, Bengaluru

☆ On the Agenda for Australia’s State Visit: China, Trade and a U.S. Marine Band
▼ + stars: | 2023-10-24 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: +5 min

This week, Mr. Biden is steering American involvement in two overseas wars and monitoring the continuing calamity of a speakerless House of Representatives, and there is another government shutdown crisis looming next month. John F. Kirby, a White House spokesman, played down the idea that global crises could distract Mr. Biden from his visitor, or perhaps even keep him waiting. During Mr. Biden and Mr. Albanese’s time together, which includes a news conference scheduled for Wednesday afternoon, they are expected to emphasize their shared interests. Mr. Biden’s advisers say the administration is supportive of the meeting between Mr. Albanese and Mr. Xi. Mr. Biden and Mr. Albanese are also likely to touch on the dysfunction in Congress.

Persons: Biden, Anthony Albanese, John F, Kirby, Mr, “, ” Mr, ”, Jill Biden, ” Dr, Bruce Jones, Albanese’s, Donald J, Trump, Scott Morrison, Morrison, Albanese, Xi Jinping, Jones, Xi Organizations: Representatives, U.S . Marine, Army and Air Force, China, Center for East Asia Policy, Brookings Institution, East Locations: Australia, United States, Washington, China, Georgia, Britain, Papua New Guinea, Israel, ”, American, Hormuz

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