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No question in British politics will be more regularly asked, and reliably brushed aside, over the next few months than when Prime Minister Rishi Sunak plans to call the country’s next general election. The conventional wisdom is that with his Conservative Party trailing the opposition Labour Party by 20 percentage points in the polls, Mr. Sunak will wait as long as he can. Given the fact that Britons do not like electioneering around Christmas or in the dead of winter, that would suggest a vote next fall. But some of Mr. Sunak’s colleagues last week pushed for an earlier timetable. Turning the election into a referendum on immigration might deflect attention from the economic woes plaguing Britain.
Persons: Rishi Sunak, Sunak, Sunak’s Organizations: Conservative Party, Labour Party Locations: Rwanda
No question in British politics will be more regularly asked, and reliably brushed aside, over the next few months than when Prime Minister Rishi Sunak plans to call the country’s next general election. The conventional wisdom is that with his Conservative Party trailing the opposition Labour Party by 20 percentage points in the polls, Mr. Sunak will wait as long as he can. Given the fact that Britons do not like electioneering around Christmas or in the dead of winter, that would suggest a vote next fall. But some of Mr. Sunak’s colleagues last week pushed for an earlier timetable. Turning the election into a referendum on immigration might deflect attention from the economic woes plaguing Britain.
Persons: Rishi Sunak, Sunak, Sunak’s Organizations: Conservative Party, Labour Party Locations: Rwanda
Amazon’s effort reflects a growing awareness among companies that AI could change how millions of people do their jobs. Photo: Mark Lennihan/Associated PressAmazon.com is launching a program to train millions of workers in artificial-intelligence skills as the tech giant seeks to gain an edge in a pitched battle for talent with Microsoft , Google and other companies. Named “AI Ready,” Amazon’s new program aims to train at least two million people by 2025 on basic to advanced AI skills, including how to make use of the generative AI technology that has powered language-based models like ChatGPT. Amazon aims to fill a gap in AI talent as it has sought to generate interest in its generative AI efforts after falling behind rivals. In launching its program, Amazon is adding to a broader effort by the corporate world to get workers in various fields trained in AI.
Persons: Mark Lennihan Organizations: Associated Press Amazon.com, Microsoft, Google
How a Political Insider Spends Her Sundays
  + stars: | 2023-11-18 | by ( Jackie Cooperman | ) www.nytimes.com   time to read: +1 min
Tricia Shimamura spends her days crisscrossing the city as the director of community affairs for Mark Levine, the Manhattan borough president. It’s a mission that resonates deeply with Ms. Shimamura, 34, who ran for City Council on the Upper East Side in 2021. She sits on the boards of several organizations that work with women to develop leadership skills and run for political office. On Sundays, Ms. Shimamura combines family time with community work, an exhausting and edifying balance. She lives with her husband, Dov Gibor, 44, who is a lawyer, and their two sons, Teddy, 4, and Oliver, 1.
Persons: Tricia Shimamura, Mark Levine, Shimamura, Carolyn Maloney —, Dov Gibor, Teddy, Oliver Organizations: City Council, Democratic, Columbia Locations: Manhattan, It’s, Puerto Rican, New York
Sean Combs arrives at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of “Heavenly Bodies: Fashion and the Catholic Imagination” in the Manhattan borough of New York, U.S., May 7, 2018. Ventura, 37, alleges that Combs raped her near the end of their relationship in 2018 when she broached the idea of leaving him. Combs' lawyer, Ben Brafman, issued a statement saying his client "vehemently denies these offensive and outrageous allegations." The lawsuit filed Thursday depicted Combs, who has formerly gone by such monikers as P. Diddy, Puff Daddy and Diddy, as an erratic, controlling individual with violent tendencies aimed at Ventura and others. The lawsuit cites violations of sex trafficking and human trafficking statutes under federal, New York and California laws.
Persons: Sean Combs, Eduardo Munoz, Cassandra Ventura, Sean, Diddy, Combs, Ventura, Cassie, Ben Brafman, Brafman, Sean John, Kid Cudi, Steven Tyler, Aerosmith, L.A, Reid, Neil Portnow, Steve Gorman, Deepa Babington Organizations: Metropolitan Museum of Art, REUTERS, Ventura, Bad Boy Records, Forbes, Recording Academy, Thomson Locations: Manhattan, New York, U.S, Ventura, Ventura ., California, Los Angeles
Mazzucato spoke with CNBC about how the public, private and third sector can work together to co-create value and share both risks and rewards. "The whole notion of stakeholder value should have become a real kind of call to arms of how do we create value differently," Mazzucato said. "We need to bring communities, workers, public and private institutions together to create value in a more collective, better way." It created growth, it created profits. Mazzucato said success in the private sector often begins with significant contributions from the public, and wealth distribution should reflect those contributions.
Persons: Mariana Mazzucato, Mazzucato, Siri, you've Organizations: University College London, CNBC, GPS, Consulting Industry
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow taxpayers grow the private sector: Mariana MazzucatoA "citizens' share" would give wealth invested by taxpayers back to the public, says University College London Professor Mariana Mazzucato. In this episode of "The Bottom Line," Mazzucato discusses why risk and failure should be normalized and how AI can be calibrated for positive change.
Persons: Mariana Mazzucato, University College London Professor Mariana Mazzucato, Mazzucato Organizations: University College London Professor
They acknowledge the hurdles to rearranging a diplomatic puzzle that has bedeviled world leaders and their envoys for decades. But, Ms. Pundak said, “It’s crucial to have those conversations right now, as they affect immediately what happens in Gaza. The answer, Ms. Pundak said, was neither a single state nor a simple division into two. “Eighty years ago, would you have expected German hipsters to live in France?” Ms. Pundak said. Palestinians living in Israel would vote in Palestinian elections; Israelis living in a future Palestine would vote in Israel.
Persons: Salman, Pundak, , Ms, Organizations: Peace, , West Bank, Oslo Accords, European Union Locations: Gaza, Israel, Oslo, France, Germany, Palestine, Jerusalem
Shock, grief and pain have cascaded across Israel since Hamas gunmen poured out of Gaza to kill an estimated 1,200 Israeli civilians and soldiers on Oct. 7. Mr. Netanyahu suspended Mr. Eliyahu, saying that his comments were “disconnected from reality.”Mr. Netanyahu says that the Israeli military is trying to prevent harm to civilians. Such reassurances are also belied by the language Mr. Netanyahu uses with audiences in Israel. “Gaza nakba 2023.”The rise in incendiary statements comes against a backdrop of rising violence in the West Bank. It will also make Israelis more inured to the civilian death toll in Gaza, which has isolated Israel around the world, he added.
Persons: , Yoav Gallant, We’re, Naftali Bennett, , Benjamin Netanyahu, FakeReporter, Ghazi Hamad, Israel, Itamar Ben, Netanyahu’s, Amichay Eliyahu, Netanyahu, Eliyahu, Mr, Amalek, Michael Sfard, Sfard, ” Yehuda Shaul, Eyal Golan, Sara Netanyahu, Yinon, Don’t, ” Mr, Golan, Ms, Magal, , Avi Dichter, Eran Halperin, Halperin, erodes, ’ ” Adam Sella Organizations: Twitter, Mr, Human Rights, West Bank, United Nations, Hebrew University, , Locations: Israel, Gaza, United States, Palestine, Jerusalem, Israeli
Pluralities of global citizens believe the West is in demise — with U.S. democracy and the European Union at risk of collapse within the next 20 years. They also find that increased economic ties with China are growing more appealing, according to polling of adults across 11 European countries and 10 non-European ones. For many, the conflict is considered a "proxy war" between the U.S. and Russia, with majorities in Russia, China, Saudi Arabia, and Turkey saying the two Cold War powers are "already at war." Almost half of respondents in the country say they feel pessimistic about the future of the U.S. This compares with majorities of nationals in India, Indonesia, China and Russia, who are optimistic about their countries.
Persons: Joe Biden, Xi Jinping, Saul Loeb, Xi, thinktank, Mark Leonard Organizations: Economic Cooperation, Afp, Getty, U.S, European Council, Foreign Relations, Oxford University, European Union Locations: Asia, San Francisco, China, Russia, Ukraine, Europe, U.S, Moscow, Saudi Arabia, Turkey, India, Indonesia
2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.
Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna
In today's big story, a Business Insider reporter gives her unique perspective on navigating life as a startup founder's wife. The big storyA founder's other backerJosh Cochran for InsiderThe startup world is not for the faint of heart. Melia's account of her relationship with Kyle and his startup is equal parts entertaining, heartwrenching, and informative. AdvertisementJosh Cochran for InsiderAs if being a founder spouse wasn't difficult enough, Melia has the bonus of covering the space as a reporter. And while that's true of any relationship, it's especially pertinent in the volatile startup ecosystem.
Persons: , Josh Cochran, it's, Insider's Melia Russell, Kyle, Melia, takeaways Melia, Lennihan, Alexander Spatari, Pete Weir, Weir, — it's, HENRY, Steve Irwin, Satya Nadella, Bolton Clarke, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brandon Bell, Getty, Associated Press, Apple, Google, US, York City, Discovery Education, Australia, Microsoft, Cisco Locations: Brandon, York, New York City, San Diego, London, New York
Prime Minister Rishi Sunak’s dramatic shake-up of his cabinet on Monday was a bold gamble that tacking to the center will give him a lift in the polls that his lurch to the populist right this summer failed to accomplish. But as Britain’s political establishment digested the news — the return of a more centrist former prime minister, David Cameron, and the ouster of a hard edged home secretary, Suella Braverman, who lashed out at Mr. Sunak on Tuesday — analysts said the prime minister’s pivot smacked of a politician casting about for an identity. Far from a winning electoral formula, some predict that the reshuffle could fracture the coalition that delivered a landslide victory for the Conservative Party in 2019. By trying to shore up the party’s traditional heartland in the south of England, they said, Mr. Sunak risked alienating the working-class voters in the “red wall,” who once flocked to the Tory slogan, “Get Brexit done.”“It doesn’t make any more sense than most of Sunak’s moves since the summer,” said Timothy Bale, a professor of politics at Queen Mary University of London. “And it’s unlikely to make a blind bit of difference to his chances of turning things around before the general election.”
Persons: Rishi, David Cameron, Suella Braverman, Sunak, , , Timothy Bale Organizations: Conservative Party, Queen Mary University of London Locations: England
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBENGALURU, Nov 14 (Reuters) - U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. The benchmark 10-year Treasury note yield breached the 5% mark last month for the first time since July 2007, more than a full percentage point above its August low of 3.96%. Yet, when asked whether the 10-year note yield had peaked in the current cycle, an overwhelming 94% majority of respondents, 30 of 32, said it had. The interest-rate sensitive 2-year Treasury note yield , currently at 5.04%, was expected to decline about 20 basis points by end-January, before falling to 4.00% in a year, according to the survey. If realized, this would mean a complete reversal of the inverted spread between yields of U.S. 2-year and 10-year Treasury notes - historically a reliable indicator of impending recession - by end-October 2024.
Persons: Dado Ruvic, Thomas Simons, Mike Sanders, Sarupya Ganguly, Prerana Bhat, Purujit Arun, Anitta Sunil, Sujith Pai, Christina Fincher Organizations: REUTERS, Rights, Treasury, Reuters, Federal Reserve, Hamas, Jefferies, Madison Investments, Thomson Locations: U.S, Israel
When David Cameron resigned as Britain’s prime minister after losing the Brexit vote in 2016, he offered members of Parliament a rueful valedictory: “I was the future once.” Few, perhaps including Mr. Cameron himself, expected to see him return. And yet on Monday morning, there he was, striding up the leaf-strewn driveway of 10 Downing Street to accept an appointment as foreign secretary from the current prime minister, Rishi Sunak. For Mr. Sunak, who has presented himself as a change agent, it is not just a surprising choice, but also a deeply counterintuitive one. Mr. Cameron is nothing if not a bridge to the Conservative past. The decisions he made, and the policies he pursued, are vexing Mr. Sunak’s government today, a dubious inheritance that helps explain the erratic course of a prime minister in political trouble.
Persons: David Cameron, Cameron, Rishi Sunak, Cameron’s, Sunak Organizations: Conservative, European Union
Kindergarten was in full swing for 30 children from Arab al-Aramshe, a village next to Israel’s border with Lebanon. It is a logistically complex and costly operation for the Israeli state, which is paying to house the evacuees indefinitely in 280 hotels and guesthouses scattered across the country. In the south, where many of the evacuees survived the Hamas attacks, it has recruited specialists to offer trauma counseling. Hunched over a laptop at the bar, Adeeb Mazal, Arab al-Aramshe’s community manager, tried to keep track of his vagabond villagers. And he worried about their mental health, with the idleness nourishing their fears about Hezbollah.
Persons: , , Dalal Badra, Adeeb Mazal, , ’ ”, Mazal Organizations: Golden, Israel’s Education Ministry, Jesus Locations: Arab, Lebanon, Nazareth, Gaza, Israel
The wildest moments of WeWork’s rise
  + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +8 min
And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.
Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, , Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, , Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP
“It is reckless to make those allegations, putting our journalists on the ground in Israel and Gaza at risk,” the statement said. The furor over the Gaza photographers is part of a broader information war that has raged alongside the actual war. But it said in a statement that it was no longer working with Mr. Eslaiah, who filed the earliest and most extensive photos of the attack. There were other red flags about Mr. Eslaiah. He said he had no advance knowledge of the attack and had no links to Hamas, despite the photo with Mr. Sinwar.
Persons: , , Hassan Eslaiah, Yousef Masoud, Masoud, Masoud’s, photojournalists, Khan Younis, Eslaiah, Yahya Sinwar, Amit Segal, Sinwar, Israel, Soliman, Adolf Hitler, Hijjy, Iyad Abuheweila Organizations: The New York Times, Israel, The Associated Press, Reuters, Times, The Times, The, Associated Press, Ahli Arab Hospital, BBC, CNN, New York Times, Israel Defense Forces, Facebook Locations: Israel, Gaza, Kibbutz Kfar Azza, Ahli, Gaza City, Egypt, Israeli, Al, Cairo
The Palestinian Authority has told the Biden administration that it is open to a governance role in post-Hamas Gaza if the United States commits to a full-fledged two-state solution to end the Israeli-Palestinian conflict, according to a top official of its parent, the Palestine Liberation Organization. American officials say the Palestinian Authority must play a central role in Gaza after Israel completes its military mission to destroy Hamas, which the authorities say killed 1,400 civilians and soldiers in its Oct. 7 attacks. The Palestinian Authority, which administers the West Bank, has signaled that it is willing to take on a such a role. Mr. al-Sheikh said he had no confidence that the current Israeli government, which has pushed to annex large parts of the West Bank, would agree to those terms. “Where is the partner on the Israeli side?” he asked.
Persons: Biden, Hussein al, , Antony J, Blinken, Sheikh, Israel Organizations: Palestinian Authority, Palestine Liberation Organization, West Bank, The New York Times, White, Hamas Locations: Gaza, United, Palestine, East Jerusalem, Ramallah, Israel, Palestinian
11 College Football Playoff ) coupled with a UNC loss, clinches a spot in the conference championship against No. That poses a huge challenge for Virginia (2-7, 1-4), which is coming off a 45-17 loss at Georgia Tech. Virginia is also pretty solid defending it (215.1 yards allowed per game) and has shown it’s not afraid of ranked teams. Obviously, we’ve been running the ball really well.”NOT DONE YETVirginia was eliminated from bowl consideration with the Georgia Tech loss, but coach Elliott insists there is more at stake. Virginia will play its first Thursday game after facing Maryland and N.C. State on consecutive Friday nights in September.
Persons: — Louisville’s, , Jeff Brohm, you’re, Pitt, “ We’ve, Tony Elliott, , don’t, Isaac Guerendo’s, Jordan, Guerendo, Maurice Turner, Tony Muskett, Mike Hollins, Kam Robinson, Muskett, Robinson, Hollins, Sackett Wood, Anthony Colandrea, overshadowing Jack Plummer’s, Plummer, He’s, what’s, we’ve, Elliott, We’ve, Hank Kurz Jr Organizations: Virginia, Cavaliers, ACC, Pittsburgh, Cardinals, Louisville, Atlantic Coast Conference, Football, UNC, Florida State, Virginia Tech, Hokies, Georgia Tech, Miami, Tech, Duke, North Carolina State, AP Locations: LOUISVILLE, Ky, Carolina, Florida, Louisville, Duke, Virginia, Wisconsin, Maryland, N.C, State
Why the U.S. won't change physical cash
  + stars: | 2023-11-07 | by ( Mark Licea | ) www.cnbc.com   time to read: +2 min
The Federal Reserve will spend $931.4 million to print bills in 2023 — but there's a problem with U.S. cash. Physical currency has been updated around the world but not in the U.S., and while an increasing number of Americans are ditching cash for electronic payments, experts say cash isn't going away. In 2017, the $100 bill surpassed the $1 bill as the most popular currency denomination. Some speculate that the rise in $100 bills in circulation may be to avoid taxes or for illegal activity. … In the 1960s, the half dollar lost its place because it wasn't included in the use of parking meters," said Mudd.
Persons: Aaron Klein, Douglas Mudd, Franklin Noll, Mudd Organizations: Federal Reserve, Brookings Institute, CNBC, American Numismatic Association, Federal Reserve Bank of Kansas City Payments, U.S Locations: U.S
What's wrong with U.S. cash
  + stars: | 2023-11-07 | by ( Mark Licea | Jason Reginato | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's wrong with U.S. cashThe U.S. hasn't updated physical currency like the rest of the world. Other countries have turned lower denomination bills into coins and paper notes have been converted to polymer. While electronic payments are on the rise in the U.S., physical cash is circulated more than ever. Experts claim that the choice to continue printing paper notes is fueled by special interests but the Federal Reserve says changing currency is costly and complex.
Organizations: U.S, Federal Reserve Locations: U.S
That prompted an outcry, leading the Israeli military to overhaul the system. But elite reservists are deployed in Gaza, some in units that include professional soldiers. On Monday, Israeli news media reported that an air force reservist was fired for criticizing Mr. Netanyahu in a private WhatsApp group. “Political comments while serving in uniform is against the rules,” an Israeli military spokesman said. Gen. Ari Singer, a former chief reserves officer of the Israeli military.
Persons: Benjamin Netanyahu, Israel, , don’t, , Erez, , Mr, Netanyahu, , Yagil Levy, ” Sergeant Schnider, Ari Singer, Manuel Trajtenberg Organizations: West Bank, Mr, Military, Open University of Israel, Tel, Tel Aviv University’s Institute for National Security Studies Locations: Lebanon, Lebanese, Gaza, Brig, Tel Aviv
A Philippine supply boat sails near a Chinese Coast Guard ship during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States and China held "candid" talks on maritime issues on Friday, including on the contested South China Sea, and the U.S. side underscored its concerns about "dangerous and unlawful" Chinese actions there, the U.S. State Department said. It described the talks as "substantive, constructive, and candid" and said they covered a range of maritime issues, including the South China Sea and East China Sea, which are contested by China and other nations. "The United States underscored concerns with the PRC's dangerous and unlawful actions in the South China Sea," it said, referring to the People's Republic of China. A State Department spokesperson said the U.S. Assistant Secretary for Arms Control Mallory Stewart would host Sun Xiaobo, head of the arms-control department at China's Foreign Ministry, at the State Department next week.
Persons: Adrian Portugal, Mark Lambert, Ocean Affairs Hong Liang, Joe Biden, Xi Jinping, Wang Yi, Mallory Stewart, Sun Xiaobo, Biden, Xi, David Brunnstrom, Sandra Maler, David Gregorio Our Organizations: Coast Guard, REUTERS, Rights, U.S . State Department, Ocean Affairs Hong, State Department, APEC, U.S ., U.S, Arms, Sun, China's Foreign Ministry, Biden, Thomson Locations: Philippine, South China, United States, China, U.S, Beijing, Boundary, San Francisco, The U.S, South, East China, People's Republic of China, Washington
Ghazi Hamad, one of the top leaders, said the group would carry out further attacks on Israel until the nation was annihilated. On Thursday, Hamas released footage that it said showed its fighters firing a grenade launcher at an Israeli tank. After three consecutive days of Israeli airstrikes in the Jabaliya neighborhood of northern Gaza, rescuers were searching for survivors in the rubble of collapsed buildings. The troops have cut the main north-south roads to Gaza City, depriving Hamas of equipment, vehicles and other reinforcements carried above ground. It also helped prevent them from broadcasting images of the assault to the world, which could have raised pressure on Israel to stop.
Persons: Ghazi Hamad, Blinken, Biden’s Organizations: United Nations, Hamas, West Bank Locations: Israel, Jabaliya, Gaza, Gaza City, Lebanon, Israel’s, Lebanese
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