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☆ He tried to oust OpenAI’s CEO. Now, he’s starting a ‘safe’ rival
▼ + stars: | 2024-06-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence Inc., in a post on X Wednesday. Sutskever then worked on Google’s AI research team, before helping to found what would become the maker of ChatGPT. It’s also not clear exactly what the new company thinks of as “safety” in the context of highly powerful artificial intelligence technology. “By safe, we mean safe like nuclear safety as opposed to safe as in ‘trust and safety,’” Sutskever told Bloomberg in an interview published Tuesday.

Persons: Ilya Sutskever, Sutskever, Geoffrey Hinton, Sam Altman, Altman, Kara Swisher, ”, It’s, ” Sutskever, OpenAI, Jan Leike, Daniel Levy, Daniel Gross Organizations: New, New York CNN, Superintelligence Inc, SSI, Google, CNN, Bloomberg, Apple Locations: New York, OpenAI, “, Palo Alto , California, Tel Aviv, Israel

☆ Boeing’s CEO is going to coast into retirement, having never been held to account for the mess he made
▼ + stars: | 2024-06-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —For all the mistakes and safety problems Boeing has managed under CEO Dave Calhoun’s watch — resulting in a dozen corporate whistleblowers, multiple groundings and a chunk of a plane’s fuselage literally blowing off in midair — virtually no one has held him to account. But when pressed on taking personal responsibility, Calhoun deflected, over and over. “I am proud of every action we have taken,” Calhoun said when pressed by Hawley on how he could possibly be proud of Boeing’s safety culture. “I don’t think the problem’s with the employees, actually, I think the problem’s with you. It’s the C-suite, it’s the management, it’s what you’ve done to this company,” Hawley said.

Persons: CNN Business ’, Dave Calhoun’s, lavishing, Calhoun, Republican Sen, Josh Hawley, Boeing’s machinists, hasn’t, “, ” Calhoun, Hawley, ” Hawley, they’re, Democratic Sen, Richard Blumenthal didn’t, you’ve, ” Blumenthal, “ I’m, ” Richard Aboulafia, Chris Isidore, ” Aboulafia, ” Organizations: CNN Business, New York CNN, Boeing, Airbus, Republican, Democratic, ”, Federal Aviation Administration, Department, Consultancy Locations: New York

☆ Putin arrives in Vietnam as Russia seeks support in face of Western isolation
▼ + stars: | 2024-06-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.

Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, ”, Le Hong Hiep, – Yusof, Le, ” Putin, Xi, –, John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, ”, Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS, “

☆ Caitlin Clark Is a Rorschach Test for Sports Fans
▼ + stars: | 2024-06-19 | by ( Lindsay Gibbs | ) www.businessinsider.com time to read: +9 min

But nothing that Clark does — or that is done to Clark — is treated as normal. That was just the latest bulletin in a months-long news cycle trailing everything Clark does. ESPN's Stephen A. Smith said WNBA players should go easier on Clark in games if they want to keep up record viewership: "Protect the golden goose." Related storiesThese days, watching Caitlin Clark play basketball has become a Rorschach test for a deeply divided country. Four years ago, WNBA players actually helped flip a Senate seat in Georgia.

Persons: Caitlin Clark, —, Clark, Clark —, Angel Reese, ESPN's Stephen A, Smith, Nikki Haley, Cathy Engelbert, Wilson, Michael Jordan Michael Hickey, she's, we've, Megan Rapinoe, Donald Trump, Brittney Griner, Matt Leinart, Reese, Pat McAfee, Eminem, Chennedy Carter, Carter, That's, I'm, Dijonai Carrington, Carrington vocalized, Emilee Chinn, Sabrina Ionescu, Breanna Stewart, A'ja Wilson, Clark Caitlin Clark, — infantilize, James Boyd Organizations: WNBA, Business, Chicago, CNN, Fox News, ESPN, Olympic, GOP, Chicago Sky, That's, Connecticut Sun, Getty, Black, Nike, The Locations: Iowa, Hollywood, Indiana, America, Georgia, Russia, Chicago, Washington ,, Connecticut

☆ Kandinsky Cut Ties With Russia. So Did This Museum.
▼ + stars: | 2024-06-19 | by ( Nina Siegal | ) www.nytimes.com time to read: 1 min

When the Hermitage Amsterdam cut ties with the State Hermitage Museum in St. Petersburg in 2022, after Russia’s invasion of Ukraine, it could have seemed like the Dutch museum was turning away from Russian culture, or even Russian artists. After all, the Dutch museum had spent 15 years showcasing masterpieces from the Russian institution, with exhibitions devoted to the Hermitage’s founder, Catherine the Great, and the House of Romanov, as well as the blockbuster “Jewels! The Glitter of the Russian Court.”But Annabelle Birnie, who runs the Amsterdam museum, doesn’t want anyone to be confused about the reasons for the split from its former exhibition partner. “Russian art was never part of the decision,” she said. “It was an economic boycott,” that “had nothing to do with the quality of Russian art and Russian artists,” she added.

Persons: Catherine the Great, of Romanov, Annabelle Birnie, ”, “ Organizations: Hermitage Amsterdam, State Hermitage Museum, Russian Court Locations: St . Petersburg, Ukraine, Russian, Amsterdam

☆ Analysis: What Putin got from his North Korea visit
▼ + stars: | 2024-06-19 | by ( Clare Sebastian | ) edition.cnn.com time to read: +5 min

CNN —Vladmir Putin’s first visit to North Korea in nearly a quarter of a century has been intensely scrutinized around the world. If this is a collective defense pact, does Russia’s nuclear deterrent now extend to North Korea’s and vice versa? “But definitely I would say this clause is very alarming.”Russia's President Vladimir Putin was given a rapturous welcome in Pyongyang. “The West admits terrible concern around Putin’s visit to North Korea” read the headline in Moskovsky Komsomolets, a national daily newspaper Tuesday. Russia also needs weapons to keep up its strategy of exhausting and destroying Ukraine into surrender.

Persons: Vladmir, Putin, Kim Il, ”, “, ” Putin, Korea’s, Kim, Jo Bee, yun, Vladimir Putin, Vladimir Smirnov, North Korea ”, Vladimir Solovyov, Kim Jong Organizations: CNN, International Criminal Court, Kremlin, Korea Institute for Defense, UN, Kim Jong UN Locations: North Korea, Russia, Ukraine, Pyongyang, China, United States, North, Moscow, Komsomolets

☆ A California millennial who makes six figures says it feels like he has to choose between buying a home, starting a family, and advancing his career: 'I feel behind financially'
▼ + stars: | 2024-06-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The 33-year-old financial advisor, who's based in Santa Monica, California, made roughly $130,000 last year, according to a document viewed by Business Insider. This story is available exclusively to Business Insider subscribers. To feel "rich," Stroup estimated that he'd need an annual income of about $400,000 to $500,000 a year — more than triple his 2023 earnings. In January, Business Insider estimated that it would cost parents about $26,000 to care for a small child in 2024. AdvertisementWith all these expenses to consider, it might make sense for Stroup to move somewhere with lower housing costs.

Persons: —, Christopher Stroup's, who's, he's, he'd, Stroup, hasn't, Santa Monica, there's, aren't, I'd Organizations: Service, Business, Santa Locations: Los Angeles, Santa Monica , California, Santa Monica, Cincinnati, Bakersfield , California, Bakersfield, Troy , Pennsylvania

☆ A top VC predicts the industry is heading for a massive and enduring contraction
▼ + stars: | 2024-06-19 | by ( Blake Dodge | ) www.businessinsider.com time to read: +5 min

Venture capital has cyclical fluctuations, but Scott Stanford, a cofounder and partner at ACME Capital, an early-stage VC firm, thinks something more meaningful is underway. In a chart compiled by Stanford and shared with BI, by 1990, there were 300 VC firms overseeing $17 billion in assets. Now, there are 3,000 VC firms overseeing $1.2 trillion. Limited partners (LPs), or investors who put money into venture firms, have other options thanks to higher interest rates, Stanford added. AdvertisementThe ACME Capital team.

Persons: —, EisnerAmper, You've, Scott Stanford, Hany Nada, Stanford, today's, Nada Organizations: Service, Venture, Business, ACME Capital, Stanford, BI, ACME, Tech

☆ Inside Europe's tech hubs: Does London have what it takes to remain No. 1?
▼ + stars: | 2024-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +32 min

But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.

Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs

☆ Two climate protesters spray Stonehenge with orange paint and call for an end to burning fossil fuels
▼ + stars: | 2024-06-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +1 min

Two climate protesters were arrested for spraying orange powder paint on Stonehenge. The protesters were part of Just Stop Oil, a group demanding that the UK phase out fossil fuels. English Heritage, which manages Stonehenge, criticized the vandalism but said the site is open. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Just Stop Oil is demanding that the incoming UK government commit to ending the extraction and burning of oil, gas, and coal by 2030.

Organizations: Service, Business Locations: Wiltshire, England

☆ Bain & Co. on outlook for Chinese consumer trends, consumer confidence
▼ + stars: | 2024-06-19 | 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 EmailBain & Co outlines China's consumer trends and the slow recovery of confidence: 'Luxury shame'Derek Deng, senior partner at Bain & Company, on why consumers in China are buying less luxury goods and where they are spending their money.

Persons: Derek Deng Organizations: Bain, Co, Bain & Company Locations: China

☆ 'Bridgerton' showrunner Jess Brownell says author Julia Quinn gave her blessing for Francesca's queer romance
▼ + stars: | 2024-06-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Major spoilers ahead for season three, part two of "Bridgerton," and "When He Was Wicked," the sixth Bridgerton book. "In, for example, deciding to tell a queer story with Francesca, I spoke with Julia Quinn, I got her blessing." She finds that partner in John Stirling, the Earl of Kilmartin (Victor Alli). Hannah Dodd as Francesca Bridgerton and Victor Alli as John Stirling on season three, episode six of "Bridgerton." Victor Alli as John Stirling and Masali Baduza as Michaela Baduza in the season three finale of "Bridgerton."

Persons: —, Francesca Bridgerton's, Hannah Dodd, Julia Quinn, Jess Brownell, Francesca, John Stirling, Earl, Kilmartin, Victor Alli, John, Francesca Bridgerton, Liam Daniel, Michaela Stirling, Masali, Michaela, Michael Stirling, Michael, Brownell isn't, I've, Brownell, Masali Baduza, Michaela Baduza, Netflix Brownell, Quinn, Benedict, Shonda Rhimes Organizations: Service, Teen Vogue, Business, Netflix, Hollywood Locations: Scotland

☆ Boeing hid questionable parts from regulators that may have been installed in 737 Max planes, new whistleblower alleges
▼ + stars: | 2024-06-18 | by ( Chris Isidore | Gregory Wallace | ) edition.cnn.com time to read: +11 min

Boeing has been under intense scrutiny with numerous federal investigations and congressional hearings since a January 5 Alaska Air Boeing 737 Max flight had a door plug blow off, leaving a gaping hole in both the plane and Boeing’s reputation. He also claims Boeing in August 2023 told employees to delete records about nonconforming parts, which led him to complain – but Boeing took no action. Jason Redmond/ReutersAt an April 17 hearing Boeing engineer Sam Salehpour testified that Boeing is putting out defective planes because he and others who complain faced pressure not to do so. But the January 5 incident aboard the Alaska Air flight happened just days before the end of the probationary period. Boeing has denied the Alaska Air incident violated the deferred prosecution agreement and is challenging any potential criminal liability in court.

Persons: Sam Mohawk, ”, Dave Calhoun, Calhoun, We’ve, Sen, Richard Blumenthal, Blumenthal, ” Blumenthal, “, Max, Howard McKenzie, Boeing’s, Jason Redmond, Sam Salehpour, ” Salehpour, ” Calhoun’s, Richard Aboulafia, “ I’m, Calhoun’s Organizations: Washington CNN, Boeing, Federal Aviation Administration, Congressional, CNN, Alaska Air Boeing, Max, Connecticut Democrat, FAA, Reuters, Consultancy, Alaska Air, Alaska Airlines, Alaska Airlines ’, Department Locations: Renton , Washington, Connecticut, Mohawk, Renton, Alaska, Indonesia, Ethiopia

☆ A Pandora executive shares 2 strategies that helped the brand become a better partner to creators of color, including customizing contracts
▼ + stars: | 2024-06-18 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Read previewWhen Nikki Jenkins joined jewelry brand Pandora in the summer of 2021, she was bursting with new ideas on how the company could better partner with creators of color, who are often paid less than their white counterparts for brand deals. "The stories that they want to tell that year are based on the jewelry they're interested in, so we build custom contracts based on that person." For example, a few years ago, Jenkins reached out to Black talent agency Kensington Grey so that Pandora could collaborate with Black creators to promote its products and events. "A lot of Black creators understand how to show up in a way that really resonates with other Black people," she said. Based on the success of the campaign, Jenkins said the team decided to cement year-long contracts with many of Kensington Grey's creators.

Persons: —, Nikki Jenkins, Jenkins, Pandora, Jalisa Vaughn, Kensington Grey, Kensington Organizations: Service, Business, BIPOC, Pandora, Kensington Grey's Locations: Kensington

☆ Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
▼ + stars: | 2024-06-18 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The sale was valued at 310.5 million Hong Kong dollars ($40 million). BYD shares had closed at a record high in June of that year. In 2008, Berkshire spent $230 million in buying BYD shares at an average of HK$8 ($1.02) apiece. Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday.

Persons: Hong Kong CNN — Warren, Berkshire Hathaway, Tesla, Buffett, Daniel Acker, Biden, Wang Chuanfu, Elon Musk’s Tesla, didn’t, Charlie Munger, Munger “, ” Organizations: Hong Kong CNN, Hong Kong, Berkshire, Bloomberg, Getty, European Union, European Commission, EU, EV, HK, CNN Locations: China, Hong Kong, BYD, European, Europe, Beijing, United States, Shenzhen, Berkshire

☆ These new high yield bond funds are hitting the market as interest rates start to fall
▼ + stars: | 2024-06-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The managers for the fund also helm the BlackRock High Yield mutual fund, which has a four-star rating from Morningstar and a yield of roughly 6.5%. Other recent launches include the John Hancock High Yield ETF (JHHY) , an Invesco BulletShares 2032 High Yield Corp. ETF (BSJW) , and the AB Short Duration High Yield ETF (SYFI) , which was a conversion from a mutual fund. The new products come as the next steps for high yield debt are unclear. High yield investors say that the sector is still on solid ground, at least for now. Four of the five biggest broad-based high yield bond ETFs have seen inflows over the past month, according to FactSet.

Persons: Jay Jacobs, John Hancock, Michael Schlembach, Schlembach, AJ Rivers, Rivers Organizations: Morningstar, BlackRock, John, Yield Corp, Treasury, Federal Reserve, Marathon Asset Management Locations: BlackRock, U.S

☆ Gen Z wants jobs that help solve the climate crisis but has no idea how to get them
▼ + stars: | 2024-06-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

Gen Z is considered the most climate-conscious generation, with nearly two-thirds saying they want a "green" job within the next five years. And while the skills shortage is most acute among Gen Z, it is part of a broader trend across the labor market. AdvertisementSome 63% of Gen Z workers said the top barrier was a lack of available opportunities. "The data tells us that Gen Z has that in spades," Bycer said, noting that two-thirds of Gen Z said they were interested in training programs. "If you think the universe of climate jobs have sustainability in the title or are at a climate tech company, that's a limited view," Bycer said. "

Persons: Z, Gen, Efrem Bycer, Bycer, Gen Z, Joe Biden Organizations: Service, Business, LinkedIn, United, American Climate Corps, Corps Locations: Europe, Brazil, United Arab Emirates

☆ Russia's biggest private lender is expanding to China after being hit by US sanctions
▼ + stars: | 2024-06-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's largest private bank is expanding in China, Bloomberg reported. The move comes amid Russia's and China's increasingly intertwined "no limits" trade partnership. AdvertisementRussia's largest private lender, Alfa Bank PJSC, is planning to expand its business in China. China, though, has made some moves to distance itself from Russia, as it also risks being sanctioned by the West. China's state-run banks said they would restrict lending to Russian clients in late 2023, around the time the US said it would impose secondary restrictions on lenders that help Russia's trade in sanctioned goods.

Persons: —, Mikhail Fridman, Russia's Organizations: Bloomberg, Alfa Bank, Service, Treasury, West Locations: China, Beijing, Shanghai, Russian, Russia, Ukraine, Moscow, China's

☆ A lawyer dreamed of disrupting the legal industry with private equity. It turned into a nightmare.
▼ + stars: | 2024-06-18 | by ( Jack Newsham | ) www.businessinsider.com time to read: +10 min

And he'd just launched a venture with the Miami investment firm 777 Partners that he hoped would revolutionize the legal business. Arizona had recently begun permitting nonlawyers to invest in law firms, which is banned in nearly every other state. AdvertisementAllowing private-equity riches to pour into law firms looked like it could be a game changer. AdvertisementGerman said 777 didn't supply money on the terms or timeline it promised and planned. Funding and marketing firms were cutting deals with law firms in nonpublic arrangements for years before Arizona changed its rules, she added.

Persons: Steve German, nonlawyers, he'd, BerlinRosen, Uber, Andy Kvesic, Arizona's, Josh Wander, Semafor, Steven Pasko, Lynda Shely, Shely, Ed Gehres, Damien Alfalla Organizations: Service, Partners, Scout Law, Scout, Regulators, DOJ, Globo Locations: Phoenix, Miami, Arizona, State

☆ I ask men if they have a pension plan before I seriously date them. It's not because I care how much money they have.
▼ + stars: | 2024-06-18 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +5 min

isn't the first question I ask a date but it's high on my list if I'm considering an actual relationship. But I have to ask about pensions to really find out where our future is heading as a couple. I ended it and truly hope he put that flower money toward a pension. So when I'm asking if a guy has a pension, what I'm really asking is: "Are you thinking about the future or just about enjoying today?" But, to me, I can enjoy the present more if it's not ruined by worrying about what will happen later if I don't have money.

Persons: It's, spender, I've, —, I'm Organizations: Service, Nike Locations: Spain

☆ Forecast: Very hot. What your employer should be doing to protect you on high-heat days
▼ + stars: | 2024-06-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Along with stifling days comes the risk of developing dangerous heat-related conditions, such as dehydration, heat stress, heat exhaustion, heat stroke and other hazards. What responsibilities does your employer have to prevent you from suffering a heat-related illness? While some states have specific laws governing occupational heat exposure, there is no heat-specific federal regulation mandating how employers must prevent heat illness in the workplace. They recommend companies:Have a heat illness prevention plan. Monitor workers for signs and symptoms of heat illness.

Persons: ”, Jason Krasno, “, they’ve, Alka Ramchandani, Raj Organizations: New, New York CNN, Safety, Health Administration, OSHA, National Institute for Occupational Safety, Health Locations: New York, North America, Montpelier , Vermont, Syracuse , New York, Pittsburgh, Krasno, OSH

☆ The retirement Catch-22
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."

Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego

☆ Retirement Crisis: Boomers Need to Work Longer, No One Will Hire Them
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

In order to avoid economic catastrophe, he argued, people should save more money and work longer. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. For one, many older people cannot work because of a disability or because they need to care for someone else with a disability. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult." He's asking people who have not yet retired to work longer than their elders did and to save even more money, without changing the systematic barriers to either.

☆ Putin may need arms from North Korea’s Kim for Ukraine war, but what is he willing to give in return?
▼ + stars: | 2024-06-18 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

North Korea launched its first spy satellite, the Malligyong-1, in November. The arrangement may also enable North Korea to gain real-world intel on the functioning of its weaponry and help it ramp up exports more broadly. Such satellites can help North Korea improve its ground-based military capabilities, for example enabling it to more accurately target opponents’ forces with its own missiles. Both countries in recent years have blocked movement in the council related to North Korea as they grew skeptical of US-backed sanctions. He pointed to his experiences during the former US President Barack Obama administration working on nonproliferation efforts related to North Korea and Iran.

Persons: Vladimir Putin, Putin ramped, Kim Jong, Putin, ”, Edward Howell, Xi Jinping, Kim, ” Putin, “ Kim Jong, he’ll, Ankit, Sofiia Gatilova, Putin –, “ Putin, –, John Erath, Erath, Xi, it’s, Michael McFaul, Barack Obama, ” McFaul, … we’re Organizations: Hong Kong CNN, University of Oxford, KCNA, intel, South, United Nations, North, Carnegie Endowment, International Peace, Kremlin, UN Security Council, Center for Arms Control, Observers, UN, National Security, Center for Strategic, International Studies Locations: Hong Kong, North Korea, Ukraine, Russia, Pyongyang, Moscow, Eurasia, United Kingdom, United States, Italy, South Korea, Japan, Seoul, Washington, North Korean, Korea, Russian, Kharkiv, Kyiv, China, Iran

☆ Australia China Business Council: There is consumer demand for imported Chinese EVs in Australia
▼ + stars: | 2024-06-18 | 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 EmailAustralia China Business Council: There is consumer demand for imported Chinese EVs in AustraliaJames Clarke of Australia China Business Council discusses the importance of China as Australia's largest trading partner, and expectations for further easing of restrictions on Australian exports.

Persons: Australia James Clarke of Organizations: Australia China Business, Australia James Clarke of Australia China Business Council Locations: Australia, China

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