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☆ Who is Nouriel Roubini, Wall Street's 'Dr. Doom' economist who has warned of catastrophe for 2 decades?
▼ + stars: | 2023-04-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Nouriel Roubini, the economist known as "Dr. Doom", has been warning of disaster for two decades. He rose to prominence after being among the commentators to call the 2008 financial crisis. When he spoke of an impending housing crash at the International Monetary Fund that year, the audience chuckled, the New York Times reported. Nouriel Roubini economics professor at New York University attends 48th edition of Economic Forum of Cernobbio on September 02, 2022 in Cernobbio, Italy. "Even a stopped clock is right twice a day," Anirvan Banerji, a critic of Roubini's told the New York Times in 2008.

☆ As weight-loss drugs hit the U.S. market, doctors debate how to use them
▼ + stars: | 2023-03-30 | by ( Patrick Wingrove | ) www.reuters.com time to read: +6 min

[1/2] The American Medical Association logo is seen at their office in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/March 30 (Reuters) - As powerful new obesity drugs enter the U.S. market, medical associations are keen to advise their members on how to best use them for patients. "These new compounds are game changers, there's no doubt about it," said Anthony Comuzzie, chief executive of The Obesity Society. The group last provided obesity treatment guidelines in 2013 alongside the American Heart Association and American College of Cardiology. OBESITY AS A DISEASEThe American Medical Association, the nation’s largest medical group, recognized obesity as a disease in 2013.

☆ This could be Big Oil's last surge
▼ + stars: | 2023-03-19 | by ( Catherine Boudreau | Jacob Zinkula | ) www.businessinsider.com time to read: +12 min

The era of Big Oil could end sooner than its massive profits suggest, analysts told Insider. But the worst-case scenario for the environment — that oil and gas companies reinvest all their extra money to keep growing — isn't happening, Logan said. The role of oil and gas companies in the energy transition is an ongoing debate, analysts told Insider. The UK company cited the need for an "orderly" energy transition. And while Big Oil's finances may begin to show some cracks over the next decade, he doesn't expect them to "suffer financially" for another 25 to 35 years.

☆ Technology Chiefs Seek Help Wrangling Cloud Costs
▼ + stars: | 2023-03-03 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

Some chief information officers have turned to cloud management tools and established internal teams to oversee their cloud spending. Mr. Nimboorkar said the company has since built a dedicated team to manage its Amazon Web Services spending and invested in a third-party cloud spending management tool. Executives from all three cloud giants have said customers are optimizing or reining in their cloud spending, citing economic factors. Many of the best practices in cloud spending management have been codified by the nonprofit FinOps Foundation, which promotes cloud financial literacy and accountability, she said. That model allows Mr. Kanchi to wholly manage cloud spending, he said, but was only possible after UST figured out how to tag cloud usage by its various business units.

☆ Horror juggernaut Blumhouse to launch video game division
▼ + stars: | 2023-02-21 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The world of video games is about to get scarier. Blumhouse, the powerhouse horror movie and TV production company, said Tuesday that it is launching Blumhouse Games. Blumhouse Games will partner with independent game developers and target indie-budget games of under $10 million. To lead Blumhouse Games, the company tapped video game industry veterans Zach Woods as the group's president and Don Sechler as chief financial officer. Wood has been a video game producer for more than 25 years and published games on every platform including Game Boy, Playstation and Xbox.

☆ Facebook co-founder Moskovitz funds research into cooling the Earth with sunlight reflection
▼ + stars: | 2023-02-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

(It's sometimes called solar radiation modification or solar geoengineering.) But it's potentially important, it could be very, very helpful, it could be disastrous," Stone told CNBC. And so it goes for solar geoengineering," Stone said. Everyone perceives it to be controversial," Camilloni told CNBC. "This is no one's Plan A for how you deal with climate risk, and whatever happens, we have to cut our emissions," Stone told CNBC.

☆ Bank of America announced a new class of managing directors — here are all 87 names in corporate and investment banking
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.

☆ Goldman Sachs lays out its strategy for profiting with stocks, bonds, and options in 2023 despite a rocky year — and why investors shouldn't make any big strategy changes
▼ + stars: | 2023-01-16 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Goldman Sachs says 2023 should be a decent year for stocks even if there's a recession. The firm's investment strategy group discussed its multi-asset views this week. The simultaneous nosedive in stocks and bonds last year doesn't debunk the theory behind the traditional 60-40 portfolio, according to Goldman Sachs. But Sharmin Mossavar-Rahmani, the head of the Investment Strategy Group (ISG) at Goldman Sachs, says that it's not that unusual for stocks and bonds to move in the same direction. In fact, he noted that if a recession begins and ends in 2023, stocks may not have a bad year.

☆ Dead bodies litter Mount Everest because it's so dangerous and expensive to get them down
▼ + stars: | 2022-12-24 | by ( Hilary Brueck | Ashley Collman | ) www.businessinsider.com time to read: +6 min

More than 300 people have died climbing Everest since exploration first started in the early 1900s. Dead bodies on the route." Eleven people died climbing Mount Everest that spring, in what became the peak's deadliest climbing sprint in recent memory. Climbing the Seven Summits/@TENDIGUIDE/via ReutersHer memory is a grim reminder that removing dead bodies from Mount Everest is a pricey and potentially deadly chore, and one that is perhaps best left undone. Mountaineers line up as they make their way up a slope on Mount Everest on May 31, 2021.

☆ Premarket stocks: Betting on a market bounce? You may be waiting a while
▼ + stars: | 2022-12-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —‘Tis the season for Wall Street strategists to pack their clients’ inboxes with market predictions for 2023. Market analysts aren’t alone. “US equity returns will be driven by earnings against a backdrop characterized by elevated market volatility,” write JPMorgan analysts. The effort was initially touted as a “Big Bang 2.0” — a nod to the rapid deregulation of UK financial markets under former Prime Minister Margaret Thatcher in 1986. The changes are a bid to maintain London’s role as a global financial hub after Brexit, which, alongside political turmoil, has boosted uncertainty for companies thinking about where to invest.

☆ Poor sleep can make you prickly. Here’s what to do
▼ + stars: | 2022-12-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

Develop a sleep debt from those worries, and you’ll pay a price in your ability to think, plan and manage your emotions. “Sleep debt, also called a sleep deficit, is the difference between the amount of sleep someone needs and the amount they actually get,” said sleep specialist Dr. Raj Dasgupta, an associate professor of clinical medicine at the University of Southern California’s Keck School of Medicine. Research has found many people have little idea how much poor sleep has affected their mood and coping skills, said Dr. Bhanu Prakash Kolla, a sleep medicine specialist in the Center for Sleep Medicine at the Mayo Clinic in Rochester, Minnesota. Loss of sleep can directly affect your ability to control emotions and manage expectations, said Dr. Bhanu Prakash Kolla of the Mayo Clinic. “Sleep medications are seldom the solution for chronically poor sleep and impaired daytime functioning,” he said.

☆ Rats blamed for eating 500 kilograms of cannabis stored by Indian police
▼ + stars: | 2022-11-25 | by ( Vedika Sud | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Rats in northern India have been accused of eating hundreds of kilograms of cannabis seized from drug dealers and stored in police warehouses. Court documents said the police had been asked to provide 386 kilograms of cannabis, but the prosecution flagged to the court that more than 700 kilograms of marijuana stored in various stations across Mathura could be impacted by the rat infestation. However, accounts regarding the exact sequence of events that followed the rats’ alleged consumption of the cannabis appear a little hazy. A 2016 study by the University of British Columbia found the main psychoactive ingredient in marijuana made lab rats lazy. The rats typically chose the harder – and more rewarding – task, but after being given marijuana, the same rats picked the easier task.

[1/5] Women from a fishing community attend a protest against the construction of the proposed Vizhinjam Port in the southern state of Kerala, India, November 9, 2022. A $900 million project to build India’s first container transhipment port has been stalled due to protests by the region’s fishing community who believe it will destroy their livelihood. The fishing community erected the shelter after years of failed efforts to get the Kerala government to intervene while watching the coast steadily erode. "This is a matter of providing jobs to the many localities here," said Mukkola G Prabhakaran, a Kerala state council member in Modi's Bharatiya Janata Party. Accusing the Kerala state police of being "mute spectators", the Adani conglomerate has also called for federal police to be brought in.

☆ At COP27, a young climate activist from India demands historical dues
▼ + stars: | 2022-11-11 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +4 min

Growing up in India, Licypriya Kangujam has already felt the impact of climate change. The 11-year-old, known as Licy, is one of India’s most vocal climate activists as well as one of the youngest people at the United Nations climate talks in Egypt this month. “They keep blaming each other for climate change and fail to take up collective efforts.”About one billion children around the world are at “extremely high risk” of exposure to climate and environmental hazards, according to Unicef. Prakash Singh / AFP via Getty Images fileOf the world’s 50 most polluted cities, 42 of them are in India, Pakistan and Bangladesh, according to Swiss technology company IQAir. Speaking at the climate summit on Monday, Pakistani Prime Minister Shehbaz Sharif said his crisis-hit country needed debt relief and climate compensation after the floods, which caused $30 billion in damage.

☆ Goldman Sachs breaks down an options trading strategy with an 18-year track record of adding income to investors' portfolios — and recommends making these 4 trades now
▼ + stars: | 2022-11-11 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

As markets weather volatility, the investment bank recommends options trades with these 4 stocks. In a recent note to clients, Goldman Sachs breaks down this options trading strategy that the investment bank says has an 18-year track record of adding extra income to investors' pockets. Goldman Sachs Global Investment Research"These strategies have become increasingly popular among investors, especially given the prospects of flat to negative equity markets. For short-term overwriting options trades, the note focuses on three factors when choosing an "attractive" stock: events, implied volatility, and market cap of the company. "We have found that overwriting stocks with these characteristics has added over 500 bps over the past 16 years," the note said.

☆ Sleep deprivation affects nearly half of American adults, study finds
▼ + stars: | 2022-11-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

The analysis also found over 30% of adults reported an hour of sleep debt -— when you sleep less than your body needs — while nearly 1 in 10 adults had a sleep debt of two hours or more. “This is a well done study examining a very large and representative sample,” said Dr. Bhanu Prakash Kolla, a sleep medicine specialist in the Center for Sleep Medicine at the Mayo Clinic in Rochester, Minnesota. Social jet lagIn addition, nearly half of the adults in the study reported social jet lag – a bad fit between the sleep timing preferred by a person’s inner biological clock and the one dictated by society. Over 46% of the survey participants reported at least 1 hour of social jet lag, while 19.3% experienced at least 2 hours. Untreated social jet lag can have serious consequences, including insomnia, early waking or excessive sleepiness, daytime fatigue, difficulty concentrating, constipation or diarrhea and increased cortisol levels.

☆ Indian Bridge Collapse Casts Harsh Spotlight on Safety Practices
▼ + stars: | 2022-11-06 | by ( Krishna Pokharel | Tripti Lahiri | ) www.wsj.com time to read: 1 min

Prakash Parmar was supposed to meet a prospective bride for his brother last Sunday in his hometown of Morbi in northwestern India. But when those plans were postponed, he, his brother and his sister decided to visit the town’s star attraction: a colonial-era suspension bridge. The bridge had reopened days earlier after being closed for months for repairs, just in time for the first major holiday season—celebrations of Diwali and the new year in the state of Gujarat—without Covid-19 restrictions. Three young cousins and a neighbor joined them.

India, also the world's biggest sugar consumer, this year restricted exports through to the end of this month to contain a rise in domestic prices following record exports. India is expected to allow about 3 million tonnes of sugar exports in the second tranche, taking this year's total overseas shipments of sugar to about 8 million tonnes. According to the Indian Sugar Mills Association, a producers' group, India could export up to 9 million tonnes of sugar in the 2022-23 season. Cashing in on attractive global prices traders have already started signing deals to export raw sugar for this season. After diverting about 4.5 million tonnes of sugar for ethanol production, India is expected to produce about 36.5 million tonnes of the sweetener in the 2022-23 season, up 2% from the previous season.

☆ The Gandhis: from 'Kennedys of India' to the political wilderness
▼ + stars: | 2022-10-19 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

“The Gandhis today are completely dwarfed and overshadowed by Narendra Modi,” said New Delhi-based political commentator Arati R. Jerath. Bettmann Archive/Getty imagesShe was elected prime minister from 1966 to 1977, and again in 1980. But with the ascendance of a new wave of right-wing politics, their party now lurks in the political wilderness, analysts say. Prime Minister Narendra Modi gives a victory speech after winning India's general election, in New Delhi on May 23, 2019. But it seems unlikely he will ever become prime minister of the country, like his father, grandmother and great-grandfather before him.

Prakash Singh/AFP/Getty ImagesThe recommendation to free the men was made by an advisory panel appointed by the Gujarat government, led by Narendra Modi’s Bharatiya Janata Party (BJP). Some lawmakers and activists have petitioned the Supreme Court for the men to be rearrested. Some saw the assailants’ release as a deliberate pitch for votes from BJP supporters ahead of the Gujarat state election. The couple want the decision reversed, as do those who have filed petitions with the Supreme Court. “We strongly believe that what happened with Bilkis was wrong and the convicts should be sent back to jail,” he said.

☆ It’s a scary time in Hollywood. But the horror studio behind hits like ‘Halloween Ends’ is making a killing
▼ + stars: | 2022-10-14 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

That includes hits like “Get Out,” “The Black Phone,” “The Purge,” “Paranormal Activity,” and the rebooted “Halloween” trilogy. “Halloween Ends,” the trilogy’s final film, hits theaters and streaming this weekend. Scary low budgets, scary good results"Get Out" was one of Blumhouse's biggest commercial and critical hits. For Jason Blum, the company’s CEO and founder, making movies on low budgets is more than just about saving money. “We’re really known for low budgets because low budgets are profitable,” he told CNN Business.

☆ America's 'once unthinkable' chip export restrictions will hobble China's semiconductor ambitions
▼ + stars: | 2022-10-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

America argues that such advanced semiconductors can be used by China for advanced military capabilities. U.S. companies will be heavily restricted in exporting machinery to Chinese companies that are manufacturing chips of a certain sophistication. "The latest chip rules are a sign that Washington is not trying to rebuild relations with Beijing. For example, it's unlikely that advanced chips manufactured by TSMC won't have used American tools somewhere along the way. Under those rules, Huawei was cut off from the most advanced chips that TSMC was manufacturing and that were designed for its smartphones.

☆ Nadhira Alharthy: Omani climber wants to ‘die empty’ in her quest to share knowledge
▼ + stars: | 2021-06-16 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +10 min

In 2017, Nadhira Alharthy met the first Omani man to climb Everest. “I was not planning to go to Ama Dablam from the beginning. She says the technical know-how and full-body strength required to climb Ama Dablam surpassed Everest. “There is no way for mistakes on Ama Dablam because it’s like you are climbing a big wall. Courtesy Nadhira AlharthyAhead of her expedition to Ama Dablam, she earned messages of support from her Muslim fans on social media, where she has now amassed over 16,000 followers.

After helping Joe Biden win a grueling election, progressives want a say in key policies, like environmental protections, social justice, and immigration reform. Still, there are plenty of progressives — such as Sunrise Movement founder Varshini Prakash — who are ready to keep the pressure on the Biden administration from the outside. Against that backdrop, progressive lawmakers, media heavyweights and outside groups involved in everything from the environment to criminal justice reform say they will be watching Biden's every move. New York Democratic Rep. Alexandria Ocasio-Cortez has given her stamp of approval to Biden's climate appointees: "I think Biden's climate appointments actually represent progress — real progress," she said. Here's Insider's list of 32 of the top progressives primed to help the Biden administration — or cause it headaches.

Understand how your credit score affects interest ratesGenerally, a credit score is the most important factor in deciding what interest rate a lender will offer you. Get your most recent credit scoreIt's one thing to suspect you have bad credit, and another to know exactly how bad it is. Consider a credit unionCredit unions are a great option for those looking to get a loan with bad credit. Your credit report spells out everything being counted in your credit — every loan, every credit card, every debt. Try and boost your credit scoreYour credit score is calculated, approximately, with the following five factors:payment history (35%)current debt balances (30%)length of credit history (15%)new credit (10%)credit mix (10%)Some of those factors are difficult to change, like the length of your credit history.

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