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☆ China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
▼ + stars: | 2024-11-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Lan revealed that, as of the end of 2023, China had an enormous hidden debt balance of 14.3 trillion yuan ($1.99 trillion). Officials aim to trim that amount to 2.3 trillion yuan ($320 billion) by 2028. Hitting a growth targetThe scale of the debt swap, seen as underwhelming by some investors, was largely in line with the expectations of economists. Still, at this pace of growth, there’s a risk Beijing may miss its growth target rate of around 5%. Since then, economists have been expecting additional stimulus measures worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy.

Persons: Donald Trump, Lan Fo’an, ” Lan, Lan, Larry Hu, Xi Jinping Organizations: Hong Kong CNN, House, Finance, National People’s Congress, “, Macquarie Bank, Reuters Locations: China, Hong Kong, Lan, Beijing

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
▼ + stars: | 2024-10-17 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Since then, economists have been expecting an additional stimulus package worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy. Chinese Housing Minister Ni Hong attends a press conference on the property sector in Beijing, China, on October 17, 2024. Widespread concernThe ailing property sector is widely believed to lie at the root of China’s numerous economic woes. It also cut the reserve requirement ratio for banks by half a percentage point, which would free up about 1 trillion yuan ($142 billion) for new lending. The resulting crisis has resulted in a precipitous fall in real estate prices and loss of confidence among consumers.

Persons: Xi Jinping, Housing Ministry didn’t, Larry Hu, “, ”, Ni, Minister Ni Hong, Florence Lo, Xiao Yuanqi, Pan Gongsheng Organizations: Hong Kong CNN, Housing Ministry, Macquarie, CNN, ” Investors, Ministry of Housing, Ni Hong, Minister, Administration Locations: China, Hong Kong, Shanghai, Beijing

☆ Harris pushes to make health care a top campaign issue. Many voters agree, poll finds
▼ + stars: | 2024-10-03 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

“Democrats always want to be talking about health care because they have a political advantage over Republicans on the issue with voters,” Larry Levitt, executive vice president for health policy at KFF, a nonpartisan health policy research organization, told CNN. “Americans care about health care. They want to know where the candidates stand when it comes to health care,” Sarah Fioroni, a senior researcher at Gallup, told CNN. Early in the campaign, Trump revived talk of wanting to repeal the Affordable Care Act and replace it with something better. The Trump campaign accused the Harris campaign of “lying because they are losing,” Karoline Leavitt, the campaign’s national press secretary, said in an email to CNN.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Sen, JD Vance, ” Larry Levitt, “ Trump, Vance, Sarah Fioroni, “ It’s, Biden, Obamacare, “, ” “, ”, ’, –, ” Karoline Leavitt Organizations: CNN, White, Trump, West Health, Gallup, Democrats, ABC, Republican, “

☆ The 1968 killing of a milkman who was a WWII veteran has been solved 56 years later
▼ + stars: | 2024-04-13 | by ( Mallika Kallingal | ) edition.cnn.com time to read: +3 min

CNN —Fifty-six years after a Florida milkman failed to return home after his rounds, his homicide has been solved, closing the oldest cold case in Indian River County Sheriff’s Office history. The next day, Grayam’s body and truck were located in a wooded area in what was described as a “chilling scene,” the sheriff’s office said in a statement. Over the subsequent years, 16 separate investigations occurred through April 1974 in an effort to solve the case, Flowers said. After receiving that information, detectives tracked down the suspect’s ex-wife, who also said Williams confessed to her, Flowers said. The witnesses said the suspect had been arrested and convicted several times on other charges, the sheriff’s office added.

Persons: Hiram “ Ross ” Grayam, Larry Grayam, Hiram Grayam, Eric Flowers, “, Grayam, ” Flowers, Flowers, Thomas J, Williams, ” Williams, “ Thomas Williams, ” Cara Lynn Clarkson Organizations: CNN Locations: Florida, County, Vero Beach

☆ Larry David’s Rule Book for How (Not) to Live in Society
▼ + stars: | 2024-04-05 | by ( Wesley Morris | ) www.nytimes.com time to read: 1 min

The group raises a glass and toasts your hospitality — well, everybody except you know who. Susie, who is married to Jeff and clearly finds Larry as much of an irritant as you’ve begun to, asks, “You can’t clink, Larry?” Why should he? “Because it’s a custom that people do, which is friendly and nice.” Larry takes a sip of water and asks the most peculiar question: “What is this, tap?” It is. “Surprised you don’t have a filter.” Do you A. serve him your coldest glance and witheringly reply, “You have no filter,” or B. ask him to leave your home? If you’re Marilyn, you do both.

Persons: Marilyn, you’ve, Larry David, Susie, Jeff, Larry, “

☆ He thought the guy he met on vacation was just a fling. He turned out to be the love of his life
▼ + stars: | 2024-02-23 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

Guillermo was looking forward to meeting Larry, expecting “some casual fun.”Then, when Guillermo and Larry met, there was “chemistry” right away. “Palm Springs had seats, so I booked my standby flight, got to Palm Springs, checked into this resort. Then, a few days after meeting Larry, Guillermo got an unexpected phone call from his mother in Costa Rica. Guillermo’s love of flying meant that, for him, the four-hour journey across the country was part of the fun. The last piece of the puzzleGuillermo and Larry love to travel together, here they are in Florence, Italy.

Persons: Guillermo Barrantes, Larry Mock, ” Guillermo, Guillermo, wasn’t, “, –, ”, Larry, Guillermo swiped, who’d, Larry’s workdays, he’d, – Guillermo, ‘, ’ ” Guillermo, Guillermo’s, compartmentalize, Guillermo Barrantes “, confiding, ’ ”, Larry . Long, Guillermo “, ” Larry, “ Love, Guillermo didn’t, peppering, Larry – who’d, they’d, Adele, hadn’t, Guillermo wasn’t, don’t, didn’t, Larry’s, Here's Guillermo, Heather Thompson, ” “, Rihanna, Larry –, sipped, they’ve Organizations: CNN, CNN Travel, American Airlines, “, Palm, Logan Airport, Dallas, San, Dallas Arboretum Locations: Palm Springs, California, Boston , Massachusetts, Texas, Palm, Dallas , Texas, Springs, Costa Rica, Boston, Dallas, Boston’s, Logan, Guillermo’s city, Delta, San Francisco, Hawaii, Florence, Italy

Now the company plans to go big on the business of investing in airports, bridges, oil pipelines and more. Alongside announcing its quarterly earnings, the firm said on Friday that it would acquire Global Infrastructure Partners for about $12.5 billion in cash and stock. The deal is BlackRock’s biggest takeover since 2009, when it bought Barclays Global Investors for $13.5 billion and became the world’s biggest provider of index funds. It’s a major bet by BlackRock on infrastructure, in which financial firms invest in, or take over and run, assets like tunnels, highways, and oil and gas networks. “Policymakers are only just beginning to implement once-in-a-generation financial incentives for new infrastructure technologies and projects,” Larry Fink, BlackRock’s chairman and C.E.O., said in a statement.

Persons: ” Larry Fink Organizations: Global Infrastructure Partners, Barclays Global Investors, BlackRock Locations: BlackRock, It’s

☆ How a 1976 kidnapping transformed our understanding of childhood trauma
▼ + stars: | 2023-12-02 | by ( Giri Viswanathan | ) edition.cnn.com time to read: +11 min

The kidnappers planned to ransom the Chowchilla kids, all between the ages of 5 and 14 years old, for $5 million. After all, the field of child trauma psychiatry was still in its infancy. One mental health professional predicted that that only one of the 26 would be emotionally affected by the kidnappings. Much like with adults, Terr described how the consequences of kids’ trauma could linger, with implications reaching far into adulthood. After the school shootings in Columbine and Sandy Hook, for instance, mental health counselors were on the front lines to help survivors.

Persons: pantyhose —, Ed Ray, Ray, they’d, James Palmer, “, ”, Spencer, Lenore Terr, ” Terr, Terr, hadn’t, she’d, Jennifer Brown Hyde, ’ ” Jennifer Brown, Jeffrey, Larry Park, Mike Marshall, Marshall, ” Marshall, doesn’t, he’s, he’d, it’s, Hyde, “ We’ve, Elissa Benedek, Benedek, who’ve, Dr, Sanjay Gupta, Sandy Hook Organizations: CNN, Police, Spencer Eth, Miami VA Healthcare, CNN Films, AP, ” Eth, American Psychiatric Association, Get CNN, CNN Health Locations: Chowchilla , California, San Joaquin Valley, urine, Los Angeles, Chowchilla, Livermore , California, San Francisco, Midwest, Columbine

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

As his re-election effort gets underway, President Biden is signaling that health care — and particularly the cost of it — will be central to his campaign. “We’re taking on powerful interests to bring your health care costs down,” he has said. Biden is emphasizing the cost of health care partly because it has been one of his administration’s biggest priorities, even if other policies — such as those on the climate and infrastructure — receive more attention. His administration has reduced the cost of hearing aids, reduced the cost of health insurance for people who buy it though an Obamacare exchange and reduced an array of expenses for Medicare recipients. “Millions of people benefit from the health care provisions,” Larry Levitt, an executive vice president at KFF, a health care research group, told us.

Persons: Biden, “ We’re, ”, “ I’m, Larry Levitt Organizations: White Locations: KFF

Hong Kong CNN —China has promised to throw its weight behind private businesses, just days after a slew of economic data showed growth momentum had slumped. The measures include promises to break down barriers to market access for private firms, to “fully implement” a system of fair competition and to strengthen enforcement of anti-monopoly laws. “We believe that the … pivot from the top level is real, but it’s not enough to bring back the animal spirit among private companies,” Larry Hu, chief China economist at Macquarie Group, wrote in a research note. That pledge had marked a major shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived as too powerful and disorderly. The Nasdaq Golden Dragon China Index closed 0.7% higher, after falling in several previous trading sessions.

Persons: “, Larry Hu, Xi Jinping’s, Premier Li Qiang, Li, ”, Ma, Lei Jun Organizations: Hong Kong CNN, Communist Party, State Council, Macquarie Group, ”, Investment, Premier, Alibaba, Tencent, Nasdaq, Dragon Locations: Hong Kong, China, Beijing, New York, Dragon China, Shanghai

☆ Oracle extends its flagship database to Ampere's computing chips
▼ + stars: | 2023-06-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Brian Snyder/File PhotoMENLO PARK, California (Reuters) - Oracle on Wednesday said that it has modified its flagship database software to work on a new category of computing chip, starting with chips from Ampere Computing, a startup founded by former Intel executives. Oracle’s database software is used by major banks and corporations to track transactions. On Wednesday, Oracle said that the database will now also run on chips made based on a technological architecture from Arm Ltd, the same underlying technology that is in mobile phones. Ellison said Ampere’s chips are much more power efficient than offerings from its other two major chip suppliers, Advanced Micro Devices and Nvidia. By upgrading to Ampere, we’re able to take that room, double the compute and stay within the same power envelope,” Ellison said.

Persons: Brian Snyder, Ampere, Intel’s, “, We’ve, we’ve, Larry Ellison, Ellison, we’re, ” Ellison Organizations: REUTERS, MENLO, Oracle, Ampere Computing, Intel, Arm Ltd, Ampere, Amazon Web Services, Devices, Nvidia Locations: Burlington , Massachusetts, U.S, , California, Ampere

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