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☆ The Masters Has Only One Black Golfer. It Didn’t Have to Be This Way. - The New York Times
▼ + stars: | 2024-04-14 | by ( Peter May | ) www.nytimes.com time to read: +2 min

When the Masters Tournament commenced on Thursday, featuring 89 competitors, there was exactly one Black golfer in the field: the one we all know, Tiger Woods. Beyond that, the field for the 88th Masters didn’t look all that different from the previous 87. Sifford, who is often referred to as the Jackie Robinson of golf, became the first Black P.G.A. remains woefully inaccessible to Black golfers and has made only marginal and inadequate efforts to diversify its ranks. The P.G.A.’s tournaments and its professional golf shops needs to take concrete steps to look more like the America it purports to represent.

Persons: Tiger, Charles Sifford, Stanley Mosk, Jackie Robinson, Sifford, Lee Elder, Calvin Peete, Jim Dent, Jim Thorpe Organizations: Golfers ’ Association of America, Golf, Professional Golf Association, Division Locations: California, America, Black

☆ Student loan borrowers could have up to $20,000 in interest forgiven as early as this fall—here's who qualifies
▼ + stars: | 2024-04-12 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Many student loan borrowers make payments on their loans for years without ever really putting a dent in them, due to interest that has accumulated and continues to grow. In response, President Joe Biden is taking steps to help student loan borrowers curb what his administration calls "runaway interest." As early as this fall, federal student loan borrowers could see excessive interest charges wiped off their debt, according to the Department of Education. The move is part of a broader student debt forgiveness plan that will soon be open for public comment before going into effect. Here's who may be eligible for forgiveness soon.

Persons: Joe Biden, Biden, James Kvaal, Kvaal, Here's Organizations: Department of Education, CNBC

☆ Some Trump stock investors have already lost half their money
▼ + stars: | 2024-04-12 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of Trump Media & Technology Group are in free fall. Trump Media is now trading below $31. Trump owns a dominant stake of 78.8 million shares in the company, which generates little revenue and is losing users. At the closing high for Trump Media’s stock price, the former president’s stake was valued at $5.2 billion. Trump Media disclosed losing $58 million in 2023 on very light revenue of just $4.1 million.

Persons: Donald Trump’s, Trump, ”, Shannon Devine, Capital’s Matthew Kennedy, Billionaire Barry Diller, ” Shannon Devine, it’s Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Nasdaq, Trump, Big Tech, ” Trump Media, CNN, Expedia, People Magazine, IAC, CNBC Locations: New York

☆ Kylian Mbappé and PSG suffer dent to Champions League dream after defeat to resurgent Barcelona
▼ + stars: | 2024-04-11 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

Facing defeat, Raphinha’s smartly taken second goal and Andreas Christensen’s header gave Barcelona the edge going into the second leg on April 16. “We should be proud to say that Barça is alive,” Barcelona manager Xavi told reporters after the club’s first Champions League quarterfinal match since 2020. The host had come into the game on a 27-match unbeaten run but faced a resurgent Blaugrana side which managed to shackle PSG superstar Kylian Mbappé. I’m confident in my team.”The 3-2 scoreline sets up an enticing second leg at the Lluís Companys Olympic Stadium in Spain on Tuesday, when a place in the semifinals will be at stake. The winner will face either Atlético Madrid or Borussia Dortmund in the final four, with the Spanish side taking a 2-1 lead into its second leg in Germany.

Persons: Germain, ’, Raphinha’s smartly, Andreas Christensen’s, “, Xavi, ”, Kylian Mbappé, Sarah Meyssonnier, Winger Ousmane Dembélé, Vitinha, Barça, Pedri, Christensen, Donnarumma, Luis Enrique, “ We’re, I’m Organizations: CNN — Barcelona, Paris Saint, Champions League, ”, League, ” PSG, shackle PSG, Parc des Princes, Reuters, PSG, Barcelona, Madrid, Borussia Dortmund Locations: Europe, Barcelona, ” Barcelona, Parc, Spain, Germany

☆ A Hot Inflation Report Is a Blow to President Biden
▼ + stars: | 2024-04-10 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

The unexpected re-acceleration in price growth across the economy is at least a temporary setback for President Biden, who has been banking on cooling inflation to lift his re-election prospects. Mr. Biden and his aides have publicly cheered the retreat of annual inflation rates over the last year, after watching the fastest price growth in 40 years dent the president’s approval ratings earlier in his tenure. Mr. Biden has been particularly focused on home buyers, including young voters who are key to his electoral coalition, and who are struggling to afford high housing prices as mortgage rates remain around 7 percent. Wall Street analysts saw Wednesday's surprise pickup in the inflation rate as a sign that the Fed could leave rates on hold for months longer than expected. That could mean no cuts before the November election, a campaign where Mr. Biden’s Republican opponent, former President Donald J. Trump, has slammed Mr. Biden for both rapid price increases and high borrowing costs.

Persons: Biden, Biden’s, Donald J, Trump Organizations: Federal Reserve, Wall Street, Biden’s Republican

☆ Opinion | Good Economy, Negative Vibes: The Story Continues
▼ + stars: | 2024-04-08 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

When it comes to economic news, we’ve had so much winning that we’ve gotten tired of winning, or at any rate blasé about it. Last week, we got another terrific employment report — job growth for 39 straight months — and it feels as if hardly anyone noticed. In particular, it’s not clear whether the good news will dent the still widespread but false narrative that President Biden is presiding over a bad economy. Four years ago, the economy was body-slammed by the Covid-19 pandemic, but we have more than recovered. Why, then, are so many Americans still telling pollsters that the economy is in bad shape?

Persons: we’ve, it’s, Biden, pollsters, we’re

☆ A renowned market bear who called the dot-com bubble warns the AI and economic recovery narratives fueling stocks are weak as analyst optimism sours — and says the Fed is fueling a bubble as valuation
▼ + stars: | 2024-04-06 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

About 45% of changes to S&P 500 analysts' earnings estimates are upgrades, as shown in the chart below, down from 50% in early 2023. AdvertisementSociete GeneraleHistorically, analyst optimism has been a good indicator for the economy's direction. Below is the S&P 500's year-over-year percentage change along with the analyst optimism measure. He says the S&P 500 is in a bubble fueled by AI optimism and could fall as much as around 60%. He sees potential downside of 39% for the S&P 500.

Persons: —, Albert Edwards, Edwards, Powell's, Ed Yardeni, Let's, There's, Jeremy Grantham, David Rosenberg, Merrill Lynch Organizations: Service, Societe Generale, Business, Street, Nasdaq, Generale, Conference, Institute for Supply, subsiding, Fed, repo, Bureau of Labor Statistics, Bears, Rosenberg Research, policymaking

☆ Top tech and business trends face off in our March Madness bracket
▼ + stars: | 2024-03-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at results from our business, tech, and innovation bracket and voting on the semifinal matchups . In case you missed it, we created a bracket with eight of the biggest topics in business, tech, and innovation . But social media has been around so long, it's truly embedded in our DNA. Former employees are suing the social media agency that manages OnlyFans accounts for top influencers like Tana Mongeau and Abby Rao.

Persons: —, it's, Chelsea Jia Feng, Let's, BlackRock's Larry Fink, Joe Biden, Donald Trump, We've, Ray Dalio, Xi Jinping, LEI, Julio Cortez, Marissa Mayer's, Sam Bankman, Fried, Lewis Kaplan, Tana Mongeau, Abby Rao, Cowboy Carter, Dan DeFrancesco, Grace Lett, Lisa Ryan Organizations: Service, Business, Boomers, Getty, Bridgewater Associates, Walmart, BI, Amazon, ChatGPT, Yahoo, didn't Locations: China, Bankman, New York, Chicago

☆ Xi Jinping is caught in a bind: How do I undermine US power while also courting its investors?
▼ + stars: | 2024-03-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

But Xi is also trying to dent US global power on several fronts. AdvertisementChina's President Xi Jinping presented an uncharacteristically affable image Wednesday, smiling broadly for US business leaders at a meeting in Beijing. The Chinese leader sought to assure investors including Cristiano Amon of Qualcomm and Stephen Schwarzman of the Blackstone Group that the downturn in China's economy, its biggest contraction in 15 years, would be over soon. AdvertisementOn the one hand, Xi is seeking to implement China's long-term strategy of displacing the US as the world's pre-eminent power. China's economy, after decades of growth, is experiencing its most serious problems in decades.

Persons: Xi Jinping, He's, Xi, —, Cristiano Amon, Stephen Schwarzman, Jonathan Ward, Ali Wyne, Joe Biden, Robert Daly, Wilson Organizations: Service, Qualcomm, Blackstone Group, United, Communist Party, US Navy, Taiwan, Wilson Center, CBS, International Crisis Group, Institute, NPR, US Locations: Beijing, China, Xinhua, United States, Ukraine, Russia, Taiwan, Iran, North Korea

SAN FRANCISCO (AP) — Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, died Wednesday at the age of 90. In an excerpt from his book, Kahneman described a “leaderless group” challenge used by the Israeli army's Psychology Branch to assess future leadership potential. “It was the first cognitive illusion I discovered,” Kahneman later wrote. “The experience was magical,” Kahneman later wrote in his Nobel autobiography. Combined with other findings, the pair developed a theory of risky choice they eventually named “prospect theory.”Kahneman received the Nobel Prize in economics in 2002 for these and other contributions that ended up underpinning the discipline now known as behavioral economics.

Persons: — Daniel Kahneman, Kahneman, Amos Tversky, —, ” Kahneman, Barbara Tversky —, Amos Tversky —, Tversky, “ Amos Organizations: FRANCISCO, Associated Press, Stanford University Locations: Tel Aviv

☆ What the Baltimore bridge collapse means for the US economy
▼ + stars: | 2024-03-27 | by ( George Glover | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.

Persons: —, Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez

☆ Cocoa prices hit $10,000 per metric ton for the first time ever
▼ + stars: | 2024-03-26 | by ( Fred Imbert | ) www.cnbc.com time to read: 1 min

Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023. Futures for May delivery were up 3.9% at $10,030 per metric ton, marking the first time the commodity breaks above the $10,000 mark. Cocoa has been on a tear this year, soaring nearly 138%. Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields. Correction: Cocoa prices are up more than 100% this year.

Locations: Hermankono, Ivory Coast, U.S

☆ Why the 2024 election is about far more than Trump’s legal nightmare
▼ + stars: | 2024-03-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And he’s implicitly arguing he’s making Americans’ lives better while Trump is consumed by his web of criminal and civil legal complications. His goal is to take votes from President Biden to help elect Donald Trump, and we can’t let it happen,” Pennsylvania Democratic Lt. Gov. Trump on the defensiveTuesday’s campaign developments follow another day of extraordinary drama in Trump’s staggering array of legal cases. Nikki Haley in party primaries – even after she shelved her campaign earlier this month – hints at softness in Trump’s support. Alexis McGill Johnson, the president of Planned Parenthood, said that abortion was already a decisive issue in the 2024 election.

Persons: CNN — It’s, Donald Trump’s, quagmire, Joe Biden, Kamala Harris, Robert F, Kennedy Jr, Trump, Biden, he’s, ’, Roe, Wade, Dobbs, –, “ Donald Trump, ” Biden, Marilyn Lands, ”, ” Harris, Kennedy, Nicole Shanahan, Robert Kennedy, Donald Trump, Austin Davis, irk Trump, “ I’d, there’s, Nikki Haley, “, Benjamin Netanyahu, Trump’s, Alexis McGill Johnson, CNN’s Phil Mattingly, ” Trump, musing, Barack Obama’s, “ I’m, “ disinformates Organizations: CNN, White, Republican, Trump, North, Biden, Union, Democratic, –, Alabama, Democrats, Republicans, Affordable, Pennsylvania Democratic, Gov, New, GOP, South Carolina Gov, Arab American, Gaza Health Ministry, Israeli, Court Locations: Washington, North Carolina, California, Alabama, Trump, Pennsylvania, New York, Israel, Gaza, ”, “

☆ Why Nike wants to make Air Force 1 sneakers harder to find
▼ + stars: | 2024-03-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Nike Air Force 1 and Nike Pegasus sneakers are everywhere. The Air Force 1 and Pegasus are staples of Nike’s sneaker lineup, and some of Nike’s oldest sneaker lines. The Air Force 1’s are known for their all-white design, while the Pegasus have large Nike swooshes on their mid-sole. “We are pulling back supply of classics such as the Air Force 1, and we’re reducing supply of Pegasus.”Nike’s moves could also make it harder for consumers to find traditional white Air Force 1 sneakers and Pegasus versions at shoe stores. Sneaker collectors focus on limited-edition and special collaboration lines — not mass market lines like Air Force 1, he said.

Persons: Matthew Friend, “, ”, Christopher Burns, Burns, Nike, Randal Konik, Joe Biden, Locker Organizations: New, New York CNN, Nike Air Force, Nike Pegasus, Nike, Air Force, Pegasus, Arch USA, Jefferies, Consumer, White, Dick’s Sporting Goods Locations: New York, French

Before noon, Merchan had already dismissed the allegations from Trump’s attorneys, ruling there were no violations and that the trial will begin with jury selection on April 15. Trump faced a Monday deadline to post bond or else New York Attorney General Letitia James could have begun the process of seizing his property. ‘It will be my honor to post,’ Trump saysTrump didn’t speak inside the courtroom Wednesday, but he still had plenty of chances to make his views of Monday’s developments known. In the other three, he may yet be successful, though the New York trial is now set to begin in three weeks. Immediately after Merchan’s decision to start the hush money trial next month, Trump’s attorneys sought another way to push back the start of the trial.

Persons: Donald Trump, Juan Merchan, Trump, Michael Cohen, Trump’s, Merchan, Attorney Alvin Bragg, reimbursements, Cohen, Stormy Daniels, Letitia James, Jean Carroll, staving, James, ’ Trump, ” Trump, ”, …, “, ” Merchan, Bragg’s, Todd Blanche —, Blanche, Daniels Organizations: CNN, Trump, Manhattan, Attorney’s Office, US, Office, Southern, of, Attorney, New, FBI Locations: New York, York, of New York

Chef Will Coleman created the viral 6-to-1 shopping method on TikTok. The method is designed to simplify grocery shopping, saving time and money. AdvertisementA new grocery shopping method has gone viral on TikTok for promising to make the chore easier, faster, and cheaper. "This makes grocery shopping way easier, way cheaper, and you get in and get out, so you are not there all daylong," Coleman said on TikTok. AdvertisementThe 6-to-1 method looks like a smart plan and easy enough if you are cooking for one or two people.

Persons: Will Coleman, Coleman

☆ The Roadblocks to Biden’s Electric Vehicles Plan
▼ + stars: | 2024-03-21 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

The Biden administration rolled out new rules on Wednesday designed to thrust the United States — the greatest car culture the world has ever known — into the era of electric vehicles. With new tailpipe pollution limits from the Environmental Protection Agency, automakers will effectively be forced to make a majority of new passenger cars and light trucks sold in the United States all-electric or hybrids by 2032. To meet the new standards, 56 percent of new cars sold by 2032 would be zero-emissions and another 16 percent would be hybrid, according to the E.P.A.’s analysis. E.V.s account for only 7.6 percent of new car sales today, so the targets represent an ambitious attempt to overhaul one of the country’s biggest industries in a remarkably short amount of time. A successful phaseout of gas-powered cars and trucks would also make a big dent in the fight against climate change; cars and other forms of transportation are the biggest source of planet warming emissions generated by the United States.

Organizations: Biden, Environmental Protection Agency Locations: States, United States

NEW YORK (AP) — Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. To regain the sales momentum, garden centers must navigate a number of challenges as another spring season kicks in. At Flowercraft Garden Center, a San Francisco garden center that is in its 50th year of operation, houseplants, vegetable starter plants and citrus trees are selling well, said general manager Lydia Patubo. That was good for an area suffering from a yearslong drought, but bad for garden center business. Even though his sales have plateaued since the pandemic, he feels the 34-year-old garden center is in a good spot.

Persons: Danny Summers, Summers, That’s, ”, Lydia Patubo, Patubo, San Francisco, ” Patubo, Chris Cordrey, “, ” Cordray, hasn’t, Kat McGraw, ” McGraw Organizations: Survey, The Garden Center Group, Garden, ”, East Coast Garden, National, Administration, Co, Atlanta, “ Locations: U.S, San Francisco, San, California, Millsboro , Delaware, Chattanooga , Tennessee, Nashville, Tennessee

☆ Legal consequences are harsh and painful when they finally arrive in Trump’s orbit
▼ + stars: | 2024-03-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Multiple insurance firms have balked at Trump’s attempt to finance the bond based on the value of his real estate assets. As always with Trump, there is a legal front and a political one. His claims are inaccurate but appear to be politically effective among his supporters who revile political and legal elites in Washington. Therefore, there are good reasons why James – a Democrat – may seek other legal remedies to secure the judgment. Although his case is historic, Navarro is far from the only ex-Trump associate to serve time in jail.

Persons: Donald Trump, Peter Navarro, ’, readying, Trump, —, Trump’s, Andrew McCabe, CNN’s Wolf Blitzer, Judge Arthur Engoron, Letitia James, “, ” James, He’s, Jean Carroll, Joe Biden, Cohen, James, he’s, James –, Democrat –, Hunt, ” Trump, Navarro, Navarro Monday, John Roberts, Roberts, Barrett Prettyman, Anna Moneymaker, ”, Sam Mangel, ” Navarro, Paul Manafort, CNN’s Kristen Holmes, Manafort, Robert Mueller’s Organizations: CNN, Trump, Trump Organization, FBI, New York, ABC, Oval, GOP, Black, Democratic, White, Democrat, Republican, Getty, of Prisons, White House, Republican National Convention, Washington Post Locations: New York, Trump, Manhattan, Washington, United States, Washington , DC, Miami, Milwaukee, Robert Mueller’s Russia

☆ Coca-Cola unveils all-new bottles — sort of
▼ + stars: | 2024-03-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

A year later, Coca-Cola made a major change when it took out Sprite bottles’ green PET, which was an additive that was difficult to recycle into new bottles. Here's what the new Coca-Cola bottles look like. However, the label and caps will not be made from 100% recycled plastic. Companies like Coca-Cola have been making more environmentally packaging as consumer awareness and demand for action has intensified in recent years. Coca-Cola’s Smartwater brand also plans to introduce bottles made with 100% recycled plastic in New York and California later this year.

Persons: ” Kurt Ritter, “, Ritter, it’s, Emma Priestland, “ Coke, ” Organizations: New, New York CNN, CNN, Dasani, Cola Company, Coca Locations: New York, North America, California

☆ US welcomes new governments in fight against spyware as it finds more American personnel have been targeted
▼ + stars: | 2024-03-17 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

A year ago, the Biden administration put the tally of US government personnel either suspected of or confirmed to have been targeted by spyware at 50. The market for commercial spyware has exploded over the last decade as companies from Israel to North Macedonia have hawked their services and many governments have been willing buyers. Poland’s prime minister has claimed the previous government used spyware on a long list of victims. The Biden administration’s review “did not identify widespread use” in the federal government of commercial spyware, the official said in a rare interview on the subject. Spyware companies often hide behind opaque corporate structures and companies to stay in business, according to US officials and researchers who track those companies.

Persons: CNN —, Biden, “ Organizations: CNN, US National Security Council, NSC, US Treasury Department, Summit for Democracy, State Department, NSO Group, FBI, Pegasus, White Locations: Israel, North Macedonia, Poland, Ireland, Finland, Germany, Japan, South Korea, Seoul, ”, Africa, —

☆ Trump 2.0 would threaten Mexico's new status as America's top trade partner
▼ + stars: | 2024-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

A second Trump presidential term poses a risk to Mexico's status as the US's top trade partner. According to Capital Economics, Trump 2.0 threatens Mexico's newly gained status. In a Tuesday note, Capital Economics strategists said much of the impact would hinge on whether the US-Mexico-Canada Agreement (USMCA) deal remains intact. To Capital Economics, Mexico is one of the most vulnerable emerging markets as far as repercussions to this potential move. Mexico's trade with the US accounts for about one-third of its GDP.

Persons: Trump, —, Donald Trump, USMCA Organizations: Trump, Capital Economics, Service, Capital, North America Free Trade, US Alliance of Automobile Manufacturers Locations: Mexico, China, Canada, US, shoring

Trump’s legal tactic of pursuing delays and elevating smoke-and-mirror sideshows has dramatically increased the odds that any halt of his ascent to the presidency will instead have to come from voters at the ballot box in November. Many experts agree that was Trump’s principal legal “strategy” from the outset. We need at least four delays – delay, delay, delay, delay – when we talk about the Trump strategy to match the four trials,” says Norm Eisen, former special counsel to the House Judiciary Committee during Trump’s first impeachment trial. Eisen says that even with the hiccups prosecutor incurred this week, the delay strategy can only take Trump so far. “I think the delay, delay, delay, delay tactic is going to run out of steam and we’re certain to see one criminal trial of the former president for 2016 election interference and we may very well see multiple trials,” Eisen said.

Persons: Donald Trump’s, Trump, ”, Norm Eisen, Trump’s, Fani Willis, Willis, Nathan Wade, Scott McAfee, Wade, McAfee, Aileen Cannon, Cannon, Jack Smith’s, Smith, Stormy Daniels, Attorney Alvin Bragg, Bragg, Eisen, ” Eisen, “ Organizations: Republican, White, Trump, Presidential Records, Manhattan, Attorney, Southern, of, Justice Department Locations: Fulton County, Georgia, of New York, Florida

☆ Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says
▼ + stars: | 2024-03-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Data published Tuesday by the country's statistical office showed that Argentina's 12-month inflation rate through February rose to 276.2%, reaffirming Argentina's position as having the world's worst inflation. Hanke said that in 1999 he had drafted a law at the request of former President Carlos Menem that would have dollarized Argentina's economy. Advocates of dollarizing Argentina's economy say the switch could help the country tame skyrocketing inflation and bring an end to its boom-and-bust cycle. Ecuador and Panama are two notable examples of countries that have previously dollarized their economies, but no country of Argentina's size has previously shifted to the U.S. dollar.

Persons: Diego Maradona, Tomas Cuesta, Javier Milei, Steve Hanke, Milei, Hanke, CNBC's, Carlos Menem, he'd, Argentina Javier Milei, Donald Trump Organizations: Argentine Central Bank, Getty, Monday, Johns Hopkins University, Argentine Congress, International Monetary Fund, CNBC, U.S . Locations: Buenos Aires, Argentina, London, Ecuador, Panama

☆ Vertical farming: This GigaFarm in Dubai’s desert could produce 3 million kilograms of food
▼ + stars: | 2024-03-14 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —In 2022, Dubai unveiled the world’s largest vertical farm. Intelligent Growth Solutions (IGS)“Not just another vertical farm”GigaFarm’s vertical farming solution is supplied by IGS, a Scottish company founded in 2013. “This is not just another vertical farm, this is something completely different,” says Lloyd, adding that the recycling model could be applied to any urban area. And it’s not just the UAE that’s interested in vertical farming: Qatar is investing heavily in smart farming, and agritech companies are expanding into Saudi Arabia. However, it will take another decade before we see widespread adoption of vertical farming, and more research is required to increase the number of crops that can be grown, Sharma adds.

Persons: Dubai’s Al, it’s, Oliver Christof, “, Andrew Lloyd, you’ve, ”, Lloyd, AeroFarms, Lloyd —, It’s, ReFarm, Rohit Sharma, Sharma Organizations: CNN, Dubai’s Al Maktoum International Airport, UAE, UN, IGS, University of Wollongong Locations: Dubai, Dubai’s, Dubai’s Al Maktoum, Tech, Scottish, Abu Dhabi, UAE, Ukraine, Russia, Carrefour, Qatar, Saudi Arabia, East, Africa

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