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☆ Earth’s inner core has slowed so much it’s moving backward, scientists confirm. Here’s what it could mean
▼ + stars: | 2024-07-05 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +10 min

Comparing the timing of seismic signals as they touched the core revealed changes in core rotation over time, confirming the 70-year rotation cycle. But the depth and inaccessibility of the inner core mean that uncertainties remain, she added. The mysterious region where the liquid outer core envelops the solid inner core is especially interesting, Vidale added. “We might have volcanoes on the inner core boundary, for example, where solid and fluid are meeting and moving,” he said. Because the spinning of the inner core affects movement in the outer core, inner core rotation is thought to help power Earth’s magnetic field, though more research is required to unravel its precise role.

Persons: seismologist Inge Lehmann, —, ”, Lauren Waszek, “, ” Waszek, John Vidale, “ We’ve, ” Vidale, we’ve, what’s, Vidale, Seismologists, Lehmann, Waszek, ” Mindy Weisberger Organizations: CNN, James Cook University, Earth Sciences, University of Southern California’s Dornsife, of Letters, Arts and Sciences, Geological Survey, Scientific Locations: Australia, New Zealand, South Sandwich, South

☆ These gay military veterans wonder what Biden’s new pardon means for them
▼ + stars: | 2024-06-30 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

The pardon won’t automatically change the record of convicted veterans, but it will allow them to apply for a certificate that will help them receive withheld benefits. “Our nation’s service members stand on the frontlines of freedom, and risk their lives in order to defend our country. Despite their courage and great sacrifice, thousands of LGBTQI+ service members were forced out of the military because of their sexual orientation or gender identity,” Biden said. A service member’s discharge status can determine what Veterans Affairs benefits they are eligible for. To get their records changed under the pardon, veterans will need to complete an online application, which will go to their military service department.

Persons: Mona McGuire, Karla Lehmann, “, ” McGuire, McGuire, ”, Lehmann, Joe Biden, Biden, ‘ What’s, ’ ” Lehmann, Biden’s, ” Biden, Christie Bhageloe, Bhageloe, Don’t, Ruth Castro, ’ McGuire, “ I’m, I’m, …, ’, I’ve, ” “, America’s Organizations: CNN, US Army, Army, Milwaukee Police Department, Michigan State Police, Armed Forces, Military, Department of Justice, Veterans, Department of Defense, Defense Department, Affairs, Pentagon, Department, 164th Military Police Company, Army Board for, Military Records, Department of Locations: West Germany, Milwaukee, Mineola , Texas, Wisconsin

☆ Bruce Lehrmann: Accused rapist loses defamation case against TV network after judge finds truth to story
▼ + stars: | 2024-04-15 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

After meticulously studying the video, Lee concluded that Higgins had consumed 11 drinks, and was seen on camera to have stumbled. Lee said Lehrmann “knew she was drinking excessively.”Lee also accepted the evidence of a colleague who saw Lehrmann and Higgins engage in a passionate kiss at the bar, though both Lehrmann and Higgins had denied kissing. Higgins left Parliament House alone after a couple of hours and didn’t immediately file a case with police. Videos posted by journalists online Monday showed Lehrmann leaving court and declining to answer multiple questions shouted at him by reporters. Outside the court, Network Ten journalist Wilkinson told reporters she sincerely hoped the judgment “gives strength to women around the country.”

Persons: Australia CNN —, Brittany Higgins, Bruce Lehrmann, “ Mr Lehrmann, Miss Higgins, ”, Michael Lee, Higgins, Lehrmann, Lisa Wilkinson, Wilkinson, Lee, “ I’m, “, Mr Lehrmann, Don Arnold, ” Lee, Lehrmann “, Lehmann, Lee didn’t, Lee’s Organizations: Australia CNN, YouTube, Federal Court, CNN, Getty, House, Network Locations: Brisbane, Australia, Sydney, Lehrmann’s, Canberra

One recruiter told Insider they'd seen an influx of resumès of a similar scale to the 2008 financial crisis. Executives looked 'very downbeat' at an all-company meetingHeadquartered in Zurich, Credit Suisse has a large presence in Europe. A European-based headhunter told Insider they'd "heard there were some tears" from Credit Suisse veterans about the prospect of the bank's takeover. As Credit Suisse's outflows accelerated over recent months, it appears its employees have hunted for other postings. One industry headhunter in the UK said their desk has piled up with job applications from Credit Suisse workers for around a month.

☆ Credit Suisse's chairman took a pass on a $1.6 million award and had his pay cut
▼ + stars: | 2023-03-14 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

Credit Suisse chairman Axel Lehmann took a pass on a $1.6 million award and saw a pay cut. In its delayed annual report, the Swiss bank said it "identified material weaknesses" in its financial reporting. Lehmann, who started his position last January, waived his chair fee of 1.5 million Swiss francs ($1.6 million) that is typically awarded to board members on top of their salaries, according to Credit Suisse's compensation report. The lender will also cut his salary for 2023-2024 to 3.8 million Swiss francs from an earlier projection of 4.5 million francs, according to the report. "We have identified material weaknesses in our internal control over financial reporting as of December 31, 2022 and 2021," the annual report said.

☆ Credit Suisse shares plunge again on report of regulatory probe
▼ + stars: | 2023-02-21 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —Shares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing comments the lender’s chairman made about the health of its finances. The bank’s stock plunged as much as 9% to trade at 2.52 Swiss francs ($2.73), before recovering slightly. Credit Suisse did not respond to a CNN request for comment Tuesday. The Swiss financial regulator, Finma, declined to comment. The rumors, which sparked a selloff in the lender’s shares, followed a series of missteps and compliance failures that cost Credit Suisse billions.

☆ Credit Suisse finds new genre of loose crisis talk
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Reuters reported on Monday that financial regulator Finma is reviewing remarks the Credit Suisse (CSGN.S) chair made in a punishing period late last year. He said in early December that outflows during October, mainly in wealth management, had “completely flattened out”, “partially reversed” and “basically stopped”. He could argue that the outflows had indeed stabilised when he spoke, but then deteriorated again afterwards. Either way, the usual argument for speaking up is to counteract negative rumours, which in Credit Suisse’s case swirled on social media. Credit Suisse’s 6% share fall after the Reuters report suggests that silence might have been a better guard against both risks.

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