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It Might Be Time to Consider Timisoara
  + stars: | 2023-10-27 | by ( Andy Trincia | ) www.nytimes.com   time to read: +1 min
Families stroll and savor gelato cones as bike couriers whiz by. Pensioners relax on benches near manicured flower beds while earbud-wearing hipsters walk dogs and children chase pigeons by a fountain laden with bronze fish. The scene in Victory Square in Timisoara, Romania, is quintessentially European — modern meets Old World. Romanians and history buffs know Timisoara for its leading role in the bloody Romanian revolution in December 1989, when local protests set off a nationwide wave that toppled dictator Nicolae Ceausescu. As I gaze at vibrant Victory Square, it’s hard to envision 100,000 anti-Communist protesters crammed together during those fateful days.
Persons: Nicolae Ceausescu Organizations: Pensioners, National Opera House, Metropolitan Orthodox Cathedral, Communist Locations: Timisoara, Romania
Lab models of human embryos raise hopes and concerns
  + stars: | 2023-10-26 | by ( Katie Hunt | ) edition.cnn.com   time to read: +14 min
From the moment sperm fuses with an egg, human embryo development involves a string of complex and little understood processes. What happens during human embryo development, particularly in the crucial first month, remains largely unknown. However, 14 days is an important milestone because it is when permitted lab research on cultured human embryos routinely ends. He said, in the future, it might be possible to go as far as 40 days with human embryo models. Some in the field envision a “tipping point” wherein human embryo models might be afforded some protection like those surrounding human embryos, as scientific advances diminish the differences between the embryo models and their real-life counterparts.
Persons: CNN — It’s, , Jacob Hanna, demystify, they’ve, Hanna, “ It’s, ” Hanna, , Peter Rugg, Gunn, it’s, , Robin Lovell, Francis Crick, Naomi Moris, Francis Crick Institute’s, Moris, we’ve, ” Moris, It’s, Bobbie Farsides, ” Farsides Organizations: CNN, Weizmann Institute of Science, Weizmann Institute, Israel, Weizmann, Babraham Institute, International Society for Stem Cell Research, Stem Cell, Francis, Francis Crick Institute, Genetics, Development, , Sussex Medical School Locations: Israel, London, Brighton
But after years of trying, the basic structure of buying and selling a home remains pretty much the same. Even if you accept a bit of intricacy, real estate remains a stodgy industry — and regulation is at the core of that resistance to change. Despite the best efforts of would-be disruptors to cut out this middleman, 88% of buyers this year enlisted a real-estate agent, a Zillow survey found. Short of a tech-enabled homebuying nirvana, there are some other changes that could make the process easier for consumers. Saul Klein, an early internet evangelist in the real-estate industry, told me he sees an approaching "paradigm shift."
Persons: that's, you'll, they're, it's, Mike DelPrete, Rob Hahn, DelPrete, aren't, they'd, pocketing, , ClosingCorp, we're, John Berkowitz, hasn't, Berkowitz, They're, Bobby Bryant, Bryant, Rich Barton, Wendy Gilch, Gilch, Saul Klein, Klein, James Rodriguez Organizations: Companies, University of Colorado Boulder, National Association of Realtors, Ojo, Group Inc, Universal Locations: Washington, California, Georgia
During a test in September, a drone flew on and off a British aircraft carrier for the first time. A difficult operationRoyal Navy airman secure a W Autonomous Systems drone aboard HMS Prince of Wales in early September. In 2021, the Royal Navy tested a drone system meant to help crews train to defend against incoming jets and missiles. AdvertisementAdvertisementTurkey's navy will soon add TCG Anadolu, the world's first aircraft carrier designed for a drone air wing. The US Air Force's Next Aircraft Dominance Program is developing a sixth-generation family of aircraft, drone wingmen designed to fly alongside piloted planes.
Persons: , Wales, Richard Hewitt, HMS Prince, LPhot Finn Stainer, Hutchins, Hewitt, Merlin, Ash Loftus, Prince, Burak, NavyMCS2 Colby, Alex Hollings, Hollings, George H.W, George H.W . Bush, MCS3 Brandon Roberson, Constantine Atlamazoglou Organizations: Service, Royal Navy, Autonomous Systems, Royal Navy Carrier Strike Groups, Wildcat, Fleet, Royal Navy Air Test, Anadolu, Anadolu Agency, Getty Images, US Air Force, Navy, US, Force's, Air Force, US Navy, Fletcher School of Law, LinkedIn, Twitter Locations: British, Prince, Wales, Dardanelles, Tulsa, Vietnam, George H.W .
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn't envision interest rate cuts happening until well into 2024. "I would say late 2024," Bostic replied when asked for a time frame when the first decrease could come. The Fed has raised its key borrowing rate 11 times since March 2022 for a total of 5.25 percentage points. My outlook says that inflation is going to come down but it's not going to like fall off a cliff," Bostic said during the "Squawk Box" interview. Bostic is not a voting member this year of the rate-setting Federal Open Market Committee, but will get a vote in 2024.
Persons: Raphael Bostic, there's, Bostic, it's Organizations: Atlanta Federal Reserve, CNBC, Fed, Market Locations: Atlanta
Other lessons do apply, but not in any simple way. But not every aggressive path America took after 9/11 looks mistaken in hindsight. The long-term debacle of our Afghanistan occupation doesn’t make our initial decision to topple the Taliban unwise. Setting out to destroy the Islamic State’s caliphate rather than seeking stable coexistence was a correct and successful call. Reportedly that kind of cruise-missile minimalism is what Bin Laden expected from America after Sept. 11 as well.
Persons: doesn’t, Al, Clinton, Al Qaeda’s, Locations: Israel, Iraq, Afghanistan, Al Qaeda, America
After the Cleveland Electric Illuminating Company flipped the switch on its sprawling new Avon Lake site in 1926, the brick behemoth, then one of the world’s largest coal-fired power plants, helped usher in a new era of regional economic growth in northeastern Ohio. Nearly a century later, the plant sits dismantled and disconnected. It was shut down in 2022, and just one of its six towering smokestacks remains. The proposed cleanup and redevelopment of this ossified power plant joins a growing collection of such projects across the nation. The sites were so decayed, community members considered them a blemish.
Organizations: Cleveland Electric Locations: Avon, Ohio, Lake Erie, Hell
CAPE CANAVERAL, Fla. (AP) — NASA’s Psyche spacecraft rocketed away Friday on a six-year journey to a rare metal-covered asteroid. SpaceX launched the spacecraft into an overcast midmorning sky from NASA’s Kennedy Space Center. Scientists envision spiky metal craters, huge metal cliffs and metal-encrusted eroded lava flows greenish-yellow from sulfur — “almost certain to be completely wrong,” according to Elkins-Tanton. Led by Arizona State University on NASA’s behalf, the $1.2 billion mission will use a roundabout route to get to the asteroid. So instead of arriving at the asteroid in 2026 as originally planned, the spacecraft won’t get there until 2029.
Persons: , NASA’s, , , Laurie Leshin, Jim Bell, Jules Verne, Lindy Elkins, it’s, speck, It's Organizations: SpaceX, NASA’s Kennedy Space Center, Jet Propulsion, NASA, Arizona State University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Arizona, Tanton, Elkins, Utah
Excluding volatile food and energy costs, “core” prices likely also rose 0.3% in September, the same as in August. The Fed tracks the core figure in particular as a good indicator of the likely future path of inflation. That would mean that the Fed would probably keep its short-term rate higher for longer than investors had expected last summer. The result has been an increased supply of Treasuries, which means a higher yield is needed to attract enough buyers. Economists note that some wild-card factors might have caused inflation to come in higher or lower than expected in September.
Persons: They're, Christopher Waller Organizations: WASHINGTON, Federal, Fed, Fed's, of Governors, AAA Locations: United States
Insurer Humana's longtime CEO Broussard to step down next year
  + stars: | 2023-10-11 | by ( ) www.reuters.com   time to read: +1 min
Oct 11 (Reuters) - Humana (HUM.N) CEO Bruce Broussard will step down in the second half of 2024 after more than a decade at the helm, the insurer said on Wednesday and named healthcare veteran Jim Rechtin as his successor. Shares of the company, which grew seven-fold in value under 61-year-old Broussard, fell 2.8% to $486.4 in premarket trading. He led Humana to become the second-largest provider of Medicare Advantage in the U.S. by tripling its membership for the government-backed program to more than 5 million customers. His successor, Rechtin, will join Humana from Envision Healthcare, a U.S. provider of physicians where he is CEO and president. Broussard also helped the insurer expand beyond Medicare Advantage plans for older adults with the launch of healthcare services under the CenterWell brand in 2021.
Persons: Bruce Broussard, Jim Rechtin, Broussard, Rechtin, Kurt Hilzinger, Humana, Khushi, Arun Koyyur Organizations: Humana, Healthcare, Thomson Locations: U.S, Bengaluru
Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic's kidney disease treatment trial after a committee said an analysis showed signs of success. DaVita , Fresenius Medical Care , Baxter International — Shares of dialysis services providers DaVita and Fresenius Medical Care sank 18.4% and 19.6%, respectively, on Novo Nordisk's news. Exxon Mobil , Pioneer Natural Resources — Exxon Mobil shares fell more than 4% after the largest U.S. oil and gas producer agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Amgen — The biopharma stock added 3.5% following an upgrade from Leerink to outperform. On Wednesday, B. Riley upgraded shares to buy from neutral, saying Coherent's silicon carbide business could be worth more than the Street's current estimate.
Persons: Eli Lilly, Bruce Broussard, Jim Rechtin, Amgen, David Risinger, Goldman Sachs, Jeffrey Brown, Tim Wentworth, Riley, Raymond James, — CNBC's Michael Bloom, Hakyung Kim, Yun Li, Lisa Han Organizations: Novo Nordisk, Novo Nordisk —, Baxter, Fresenius, Novo Nordisk's, Baxter International, Exxon Mobil, Natural Resources, Exxon, Exxon's, Mobil, Healthcare, Goldman, Walgreens, Alliance Locations: Danish, Novo
Humana CEO Bruce Broussard will step down next year after more than a decade leading the health-insurance giant. Humana has tapped Jim Rechtin, head of Envision Healthcare, to be its next CEO. Weaving together insurance benefits with care delivery is meant to make healthcare easier for people to navigate and improve patients' health, Broussard said. One example is Humana's recent push into behavioral healthcare, Broussard said. That startup will eventually become part of Humana, Broussard said.
Persons: Bruce Broussard, Jim Rechtin, Broussard, , Rechtin, " Broussard, Rafael Henrique, Humana Organizations: Healthcare, Humana, Indiana's DePauw University, Harvard, Getty, Aetna, Oak Street Health, Iora, One, General Atlantic Locations: The Louisville , Kentucky, DaVita, Group's California, Kentucky, UnitedHealth
Rivera recently shared her thoughts and expertise on several topics ahead of the CNBC FA Summit on October 12. Prior to FirstGen Wealth, Rivera previously worked at primarily large wealth-management firms including AllianceBernstein, Merrill Lynch and TIAA, serving clients with $5-10 million of net worth. CNBC: What advice would you give financial advisors who are trying to find more clients among what could be considered traditionally underserved communities? This isn't just about numbers; it's about creating a financial foundation that supports the life you want to live. Rivera: The financial planning space has been this rigid system of serving a specific demographic in a box.
Persons: Rivera, Merrill Lynch, It's, I've, let's Organizations: CNBC, Summit, AllianceBernstein, CNBC's Locations: Latina, TIAA, ShoreBank
Fain also wants workers at the plants to make top UAW assembly plant wages, which now are $32 per hour. Political Cartoons View All 1205 Images“The battery plants are going to be the make-or-break issue,” said Sam Abuelsamid, a mobility analyst for Guidehouse Insights. And if lower-paying battery plants aren't union, workers won't have anywhere to get the same wages and benefits. But they also see a future where buyers could switch, and they think wages at the battery plants should match what they make. The UAW, he said, will use this to try to organize other Korean-owned battery plants.
Persons: WAYNE, Shawn Fain's, Stellantis, they'll, Fain, , Sam Abuelsamid, It’s, festering, Ford, Jim Farley, , ” Fain, Farley, Mary Barra, Chris Jedrzejek, Jedrzejek, Todd Lauerman, “ it’s, ” It's, Abuelsamid, let's, Harry Katz, Katz, Marick, Masters Organizations: Ford, United Auto Workers, EV, General Motors, Detroit, UAW, Korean, Guidehouse, GM, Carnegie Mellon University, Bronco, Toyota, Cornell University, , Wayne State University Locations: Mich, Detroit, U.S, Kentucky, Tennessee, Michigan, Ford, Korean, Wayne , Michigan, Ohio, South Bend , Indiana
In addition to the novel flat-pack delivery, Luvly is hoping that the electric car’s other features – including its super-light frame and swappable batteries – will make sustainable transport more affordable, says Håkan Lutz, Luvly CEO and co-founder. LuvlyA “Luvly” solutionLuvly O is a “light urban vehicle,” also known as a microcar. Luvly plans to license its patented light vehicle flat-pack framework to other car manufacturers to build their own branded versions. Resource-light and requiring less energy to manufacture than electric passenger cars, light electric vehicles (LEVs) such as microcars could make a serious dent in transport carbon emissions, says Brost. This is where Luvly hopes to add value: inspiring more car manufacturers to develop light urban vehicles with its patented framework.
Persons: it’s, Håkan Lutz, Lutz, Luvly, , , , Luvly isn’t, Citroën, Ami, Mascha Brost, Brost, ” Brost, It’s Organizations: CNN, IKEA, BMW, Formula, Opel, Fiat, Micro, German Aerospace Center, German Aerospace, Institute for Highway, US, Peachtree Locations: Swedish, Stockholm, , Italian, Swiss, Germany, Peachtree City, Georgia
The escalating conflict between Israel and Hamas threatens to push oil prices higher by straining relations between major oil-producing countries in the Middle East, according to Wall Street experts. Oil prices rose Monday after the weekend attacks, though they remain below recent highs from two weeks ago. Saudi Arabia One key player on the sidelines of the war is Saudi Arabia. Iran The other major oil producer tied into the conflict is Iran, the chief backer of Hamas. Bank of America's Doug Leggate said in a note to clients that the United States could release oil from its strategic petroleum reserve if prices spike.
Persons: Goldman Sachs, Daan Struyven, Struyven, Helima Croft, Antony Blinken, Goldman's Struyven, Ed Morse, East . Bank of America's Doug Leggate, Leggate, — CNBC's Michael Bloom Organizations: Texas, Wall Street, Israel, Saudi, RBC Capital Markets, Hamas, East . Bank of America's Locations: Israel, Gaza, East, Saudi Arabia, Saudi, Iran, U.S, Lebanon, United States
10 Great Books About AI for Your Science-Fiction Reading List
  + stars: | 2023-10-08 | by ( Matt Wirz | ) www.wsj.com   time to read: 1 min
Today you can use ChatGPT to clone your voice or plan your meals, but what will the AI of the future do? Here are potential answers in books by 10 science-fiction writers who envision sentient machines that fulfill human desires, topple governments, disrupt economies, save humanity and, maybe, replace it.
A report card for the stock market as it approaches one year since the October 2022 bottom of the mini-bear market would probably read, "Good effort, shows perseverance, needs improvement." The equal-weight S & P 500 is up less than 12% from its low. The median stock in the index is up between 3% and 4% over the past 12 months. All four times since 1979, the S & P 500 and Russell 2000 were both higher in the fourth quarter. The S & P 500 is now at 17.7-times 12-month forward profit forecasts, according to FactSet, down from almost 20 in late July.
Persons: Doug Ramsey, Russell, Stephen Suttmeier, Jurrien Timmer, Stocks Organizations: Leuthold, Nasdaq, Bank of America, Fidelity Investments, Fed, Federal Reserve, Deutsche, Treasury
Unlocking the clues of a metal world
  + stars: | 2023-10-06 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +5 min
CNN —For the first time, a NASA mission is setting off on a distant journey to visit a metal world in our solar system. This illustration depicts how scientists envision the Psyche asteroid. Over time, Psyche likely collided with other rocky objects, losing its outer crust and mantle until only its metal core remained. “We have never seen the surface of a metal world up close. “If you brought back as much metal as likely exists in Psyche, then the metals would no longer be rare and the price would plummet,” Metzger said.
Persons: REx, Annibale de Gasparis, , Zoe Landsman, Psyche, Landsman, isn’t, ” Landsman, NASA’s, Anicia Arredondo, , ” Arredondo, Philip Metzger, ” Metzger Organizations: CNN, NASA, JPL, Caltech, ASU, Exolith, University of Central, Radar, Astronomy, Boeing, ASU “, Southwest Research Institute, Division, Planetary Sciences, Europlanet Science Congress, Scientists, University of Central Florida’s Florida Space Institute Locations: Italian, University of Central Florida, San Antonio
US CEOs say they'd give raises, promotions, or better assignments to those who work at the office. The findings came in a survey from KPMG that showed how frustrated bosses are with remote work. AdvertisementAdvertisementCEOs are really starting to hate remote work — and are willing to go beyond free pizza to get you to come in. Outside of some of the big banks and high-wattage tech firms , many companies have settled into a mix of in-office and remote work. The survey found only one-third of CEOs envision traditional office jobs as remaining hybrid, down from 45% in 2022.
Persons: , Meta's, Paul Knopp, it's, It's, Knopp, that's, We're Organizations: KPMG, Service, Big Tech, Amazon, KPMG US
“It was a really, really difficult decision,” Burchell told CNN. Rebecca BurchellBurchell’s focus had settled on Seven Mile Drive, a neighborhood that occupies the second-highest price bracket at Sawgrass Players Club. Michael Cohen / Getty ImagesThe view remains the star attraction of life in Sawgrass Players Club for Burchell, but it is far from the only draw. The clubhouse, pictured during the 2011 Players Championship, is the focal point of the community. Fans flock to the iconic 17th island green at TPC Sawgrass to watch Tiger Woods at the 2018 Players Championship.
Persons: Rebecca Burchell, Emma, Liam, Burchell, , Rebecca’s, Mark, ” Burchell, , viewings, Rebecca Burchell Burchell’s, Pete Dye, Bobby Weed, Jerry Pate, that’s, , I’ve, Michael Cohen, Scott Halleran, , gridlock, Woods, Richard Heathcote, “ It’s Organizations: CNN, PGA Tour, Sawgrass Players, Burchell, TPC, Yards, Getty, University of Florida Locations: Beaconsfield, England, Ponte Vedra, Jacksonville , Florida, Jacksonville, Florida, Dye’s, Dye's
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. Friday's report from the Commerce Department showed that prices rose 0.4% from July to August, up from just 0.2% the previous month. Excluding volatile food and energy prices, though, “core” inflation rose by the smallest amount in nearly three years, evidence that inflation pressures continue to ease. Compared with a year earlier, overall prices rose 3.5% in August, slightly higher than the 3.4% increase in July. The inflation gauge that was issued Thursday, called the personal consumption expenditures price index, is separate from the better-known consumer price index.
Persons: ” Rubeela Farooqi, ’ paychecks, Austan Goolsbee, ” Goolsbee, , Organizations: WASHINGTON, Federal, Commerce Department, Fed, Republicans, Federal Reserve Bank of Chicago Locations: July’s
CNN —Closed to the public for more than a decade, the stunning Zeyrek Çinili Hamam has just reopened its wooden doors to the world. A team of archaeologists and historians at the hamam helped those institutions to identify exactly where their Iznik tiles came from. Ottoman know-how and seamless minimalism come together inside the Çinili Hamam to create the ultimate zone-out space. The glass stars on the domed ceilings (a signature of Ottoman hamam design) allow just enough natural light to shimmer in, but not so much that it dazzles. Yazgan says the Zeyrek Çinili Hamam will closely replicate time-honored Ottoman bathtime traditions.
Persons: Hamam, Mimar Sinan, Suleiman the, Çinili, , Koza Yazgan, , Sinan, London’s, Yazgan, Brüeckner –, Hammam, Murat Germen, Murat, Germen Murat Germen, puffy, , Istanbul’s, It’s Organizations: CNN, hamam, Istanbul Biennial, Marmara Group, Egyptian Museum, UNESCO, Hagia Locations: Istanbul’s Zeyrek, Fatih, Zeyrek, Cairo, Abu Dhabi, Mimar, Turkey, Istanbul, Ayasofya, Hagia Sofia, Ottoman, hamams, Aivita, Marmara, Valens,
Julia Broome moved from LA to NYC and returned after 5 months, but she doesn't regret the experience. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Julia Broome, a 27-year-old social media manager who moved from LA to NYC. Yet NYC felt exciting and new, and with a job opportunity I couldn't pass up, I decided to make the move. But when I finally found a place and moved to Hudson Yards, my money definitely didn't stretch as far. Starting a job in NYCI'd moved to start a new job — a role I just couldn't pass up.
Persons: Julia Broome, , I'd, would've, she'd, Alyshia Organizations: LA, Service, New, Hudson Yards, Alyshia Hull, ahull@insider.com Locations: LA, New York City, New York, Calabasas , California, Hudson
UNITED NATIONS (AP) — The foreign minister of Belarus, which has a strategic partnership with Russia, says he cannot envision a situation where his country would enter the war in Ukraine alongside Russian forces. Sergei Aleinik said in an interview with The Associated Press that he also can’t imagine a situation where Russia would order his country to use the tactical nuclear weapons it recently deployed in Belarus. The foreign minister disputed the assertions by some opponents that Belarus’ ties to Russia were isolating the country. “It’s clear that by increasing weapons deliveries to this country, the West is determined to continue the war down to the last Ukrainian.”Could he see a situation where Belarus could support the war in Ukraine alongside Russia? The Viasna Human Rights Center recorded 1,496 political prisoners in Belarus at the end of August, including Nobel Peace Prize winner Ales Bialiatski.
Persons: Sergei Aleinik, , , Alexander Lukashenko, Lukashenko, Aleinik, Antonio Guterres, Lukashenko’s, didn’t, ” Aleinik, Ales Bialiatski, Edith M, Lederer Organizations: UNITED NATIONS, Russian, Associated Press, NATO, Belarus, General Assembly, U.N, European Union, Belarus ’, Moscow, General, AP, United Nations, , Human Rights, The Associated Press Locations: Belarus, Russia, Ukraine, Soviet, BELARUS, RUSSIA, New York, America, China, Lithuania, “ Lithuania, Baltic, Soviet Union, Minsk, Moscow, Western, West, Ukrainian, Russian
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