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☆ I'm an Iraq War vet who left the US for a life in Europe. I have no regrets.
▼ + stars: | 2024-11-20 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

She said moving to Europe was the best decision for her family and she has no regrets. This as-told-to essay is based on conversations with Michelle B. Dallocchio, an Iraq War veteran of Pacific Islander heritage who left the US for Europe. Moving back to the US is a hard noUltimately, I have no regrets about moving abroad. Michelle Dallocchio has no regrets about moving abroad. For us, moving abroad and ending up in Italy was the right move.

Persons: Michelle B, Dallocchio, honking, Trump, I've, Michelle Dallocchio Organizations: Pacific, US Army, Westin Locations: London, Italy, Iraq, Europe, Las Vegas, LA, Los Angeles, EU, Dallocchio, Florence, Milan, Portugal

☆ How prediction markets saw something the polls and pundits didn’t
▼ + stars: | 2024-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

The basic theory behind prediction markets is that a lot of people with money on the line can better predict an outcome than any one expert. “Financial markets are generally pretty efficient, and the evidence suggests that the same is true of prediction markets,” Eric Zitzewitz, an economics professor at Dartmouth, tells me. The shares trade between $0 and $1, and once the event is resolved, shares tied to the correct outcome pay out a dollar. If you bought Trump shares on Monday, when they were 58 cents, you can expect to make 42 cents on the dollar. Later that fall, the popular betting market PredictIt gave Hillary Clinton an 82% chance of beating Donald Trump.

Persons: CNN Business ’, pollsters, Donald Trump’s, Trump, Kamala Harris, PredictIt, Eric Zitzewitz, “, aren’t, Taylor Swift, Travis Kelce, You’re, Shayne Coplan, Harris, Coplan, ” Zitzewitz, ”, “ Brexit, Hillary Clinton, Donald Trump, Clinton, Nate Silvers, Ann Selzers, FiveThirtyEight Organizations: CNN Business, New York CNN, Wednesday, “, Dartmouth, Chiefs, Lions, Ravens, Trump, Bloomberg, CNBC, European Union Locations: New York, America, United Kingdom

☆ Kemi Badenoch wins Conservative leadership contest, pitching party to the right after blowout UK election loss
▼ + stars: | 2024-11-02 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Badenoch defeated Robert Jenrick in a vote of party members by 53,806 votes to 41,000, after a months-long contest to replace Rishi Sunak as leader. Her task now is to revive a party still coming to terms with its worst ever election result. A contentious campaignTwo Conservatives contested this election, but many in the Labour party feel like they won it. Kemi Badenoch is congratulated by her husband Hamish, Robert Jenrick and wife Michal Berkner after winning the Conservative Party leadership contest on Saturday. On policy, however, Badenoch is sure to drag the opposition party to the right.

Persons: CNN — Britain’s, Kemi Badenoch, Badenoch, Robert Jenrick, Rishi Sunak, She’s, Keir Starmer, ” Badenoch, Liz Truss, Sunak, Jenrick, Hamish, Michal Berkner, Dan Kitwood, Nigel Farage, Brexiteers, “, ” Starmer’s Organizations: CNN, Conservative Party, Labour, Tory, Conservatives, Conservative, Spectator, Reform, Britons, Liberal Democrats, BBC, European Union, European, Human, Starmer Locations: British, ”, Britain, Nigerian, Nigeria, McDonald’s, Badenoch, Europe, Rwanda

☆ Republican and Democrat stock baskets from UBS heading into the election
▼ + stars: | 2024-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With polling forecasting a close race in the U.S. presidential election , UBS is eyeing two baskets of stocks to prepare for either outcome. Overall, UBS said stocks within its Trump administration beneficiaries basket indicate a win for the former president next week. Here is a look at some of the stocks UBS has placed in each grouping. Also, a Trump administration could roll back some actions that were favorable to utilities with exposure to renewables. Other sectors that can benefit from a Harris win include homebuilding as well as child care and employment agencies, Garthwaite added.

Persons: Andrew Garthwaite, Donald Trump, Kamala Harris, Garthwaite, Harris, Goldman Sachs, David Solomon, Trump Organizations: U.S, UBS, Institute of International Finance, Trump, Citigroup, Goldman, Citi, Nike, Democratic Locations: U.S, China, Goldman Sachs, Beijing

☆ The biggest pressing market questions with two months to go in rewarding year
▼ + stars: | 2024-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.

Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells

☆ I knew nothing about boats before buying one on a whim. I've now spent 4 years living on it while traveling the world.
▼ + stars: | 2024-10-24 | by ( Stephen J. Payne | ) www.businessinsider.com time to read: +5 min

My mother had just died, and I'd decided living in the UK post-Brexit was not for me. Stephen J. PayneThree weeks after purchasing my magnificent vessel, the COVID-19 pandemic hit, and my travel plans were put on hold. Stephen J. PayneThen, I worked my way slowly around the Côte d'Azur. Stephen J. PayneEventually, I started working my way around the Amalfi Coast of Italy, stopping in Livorno, Fiumicino, Capri, and Tropea. Stephen J. PayneThroughout my trip, I've made money doing small jobs as a photographer, but I've mostly been spending my savings.

Persons: —, I'd, Brexit, I've, Stephen J, Payne, I'm Organizations: Service, Channel, YouTube Locations: France, Italy, Torquay, England, California, Ramsgate, Calais, Paris, Côte, Saint, Omer, Amalfi Coast, Livorno, Fiumicino, Capri, Malta, Los Angeles

☆ I became the breadwinner when my family moved to France. I feel like I've done my husband the biggest favor ever.
▼ + stars: | 2024-10-18 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Karen Kissane left her job, started a coaching business, and moved her family to France. Had this not happened, my family wouldn't be in France now. I feel like I've done my husband the biggest favor everOur roles swapped when we moved to France. It's great we could make this swap, effectively taking turns, as I did this before when he was a partner in a business working long hours. AdvertisementMoving to France helped my coaching business take offI didn't need a special business visa for France because we moved before Brexit.

Persons: Karen Kissane, Kissane, —, wouldn't, It's, we'd, they'd, they're, I've, we've, Lauryn Haas Organizations: Service, Space, lhaas Locations: France, Northamptonshire, Cognac, French, British

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

☆ UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
▼ + stars: | 2024-10-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Britain's Prime Minister Keir Starmer delivers a speech on stage during the International Investment Summit, held at The Guildhall, in central London, on October 14, 2024. LONDON — U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country. The prime minister restated that growth was the "No. Starmer also outlined stability, strategy, regulation and improving Britain's global standing as "four crucial areas" in his pitch for Britain. "Private sector investment is the way we rebuild our country and pay our way in the world," Starmer said.

Persons: Keir Starmer, We've, Starmer, Brexit, Jonathan Reynolds Organizations: Britain's, International Investment Summit, Guildhall, LONDON, Investment Summit, London's, Britain, Labour, Business, Sunday Locations: London

☆ UK trade deals with India and Gulf nations are 'the priority,’ business minister says
▼ + stars: | 2024-10-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The U.K.'s business minister said Monday that securing trade deals with India and Gulf nations remains "the priority" for the Labour government, with talks between Britain and the Gulf Corporation Council expected to resume as soon as next week. U.K. Business and Trade Minister Jonathan Reynolds told CNBC that negotiations with a six-strong group of Gulf countries would reconvene "very soon — maybe as soon as next week," while talks with India also remain a priority. U.K. free trade deals were touted as a key benefit of Brexit, with former Prime Minister and Brexiteer Boris Johnson vowing to secure one with India "by Diwali" 2022. The trade minister has also previously said that the government was pursuing trade talks with Israel, South Korea, Switzerland and Turkey. "It's important to recognize, whilst we don't do foreign policy through trade deals, British engagement commercially – country to country, business to business – is in itself a good thing," he said.

Persons: of Trade Jonathan Reynolds, Jonathan Reynolds, Reynolds, Boris Johnson, It's, Sunil Barthwal Organizations: State, Business, Trade, of Trade, Labour, Gulf Corporation, CNBC, Investment, London's, Conservative, GCC, United, United Arab Emirates Locations: London, United Kingdom, India, Britain, Australia, New Zealand, Singapore, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, Israel, South Korea, Switzerland, Turkey

☆ UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
▼ + stars: | 2024-10-13 | by ( ) www.cnbc.com time to read: +5 min

Britain's Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024. British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer has traveled to Washington, the United Nations and European capitals as he seeks to show that " Britain is back " after years of inward-looking wrangling over Brexit. Reeves has ruled out increasing income tax, sales tax or corporation tax, but also says there will be no "return to austerity" — a hard circle to square. "I don't think people have that much of a sense of what Keir Starmer or indeed Labour is about.

Persons: Keir Starmer, freebies, Tim Bale, Starmer, Taylor Swift, Sue Gray, Morgan McSweeney, Gray, —, McSweeney, Anand Menon, Rachel Reeves, Reeves, Downing, It's, Bale, it's Organizations: Britain's, 79th United Nations General Assembly, United Nations Headquarters, British, Labour Party, Labour, Conservative Party, Queen Mary University of London, Conservative, Health Service, United Nations, Conservatives, Government, Downing, Downing St, BBC Locations: New York, U.S, Rwanda, Washington, United Kingdom, Ukraine, England, Northern Ireland

☆ Voting in the UK and French elections taught me a concerning lesson that Americans should heed when heading to the polls
▼ + stars: | 2024-10-10 | by ( Benjamin Chadwick | ) www.businessinsider.com time to read: +10 min

Benjamin Chadwick — a dual citizen of France and the UK — voted in two national elections this year. Emmanuel Macron ran with a centrist campaign, while Marine Le Pen, leader of the National Rally, campaigned on anti-immigration and nationalist ideals. Related storiesLe Pen became leader of France's right-wing populist "National Front" party in 2011 and renamed it "National Rally" in 2018. AdvertisementIn the lead-up to the UK election on July 4, opinion polls predicted a huge majority for the center-left Labour Party. In France, I feared the National Rally would capitalize on their European victory and take control of the Assembly.

Persons: Benjamin Chadwick —, there's, —, Emmanuel Macron, Pen, Macron, Le, I've, France's, Boris Johnson, Donald Trump, Trump, Liz Truss, Sunak, Rishi Sunak's, he's, Le Pen's, Nigel Farage, I'm, Kamala Harris Organizations: Service, European Union, National, Conservatives, Labour Party, National Rally, EU, Conservative, Britons, Labour, Reform, Populist, Trump Locations: France, England, Paris, Trump, Brexit, Europe, Britain, Johnson's, stoke

☆ Left and right prey on weak French government as it prepares 'austerity' budget
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.

Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, —, La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French

☆ Beware of 'seismic shocks' to the US economy and inflation if this specific election outcome occurs, according to a top mind at Bloomberg Economics
▼ + stars: | 2024-10-03 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementOne election result may cause 'seismic shocks'Partisans are convinced that this election is the most important ever, as they always are. The market isn't convinced, judging by where the VIX is trading just a month away from election day. "Let's think about a world where Trump gets into power and poses a 60% tariff on China," Orlik said.

Persons: there's, Tom Orlik, —, Tim Walz, JD Vance, Kamala Harris, Donald Trump, shouldn't, who'd, Nancy Davis, Davis, Tanvir Sandhu, Sandhu, Chris Murphy, Murphy, Harris, Trump, Joe Biden, Orlik, Trump's, Murphy isn't, I'm Organizations: Service, Bloomberg, White, Trump, Bloomberg Economics, Bloomberg Intelligence, Traders, Biden, Nvidia, Qualcomm Locations: Susquehanna, China

☆ France's Barnier announces targeted tax hikes to plug budget deficit
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: +2 min

Newly appointed France's Prime Minister Michel Barnier arrives for the handover ceremony with outgoing Prime Minister Gabriel Attal at the Hotel Matignon in Paris, France, September 5, 2024. Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France's biggest companies and wealthiest individuals on Tuesday, saying there was no other way to narrow a gaping budget deficit. Tax increases would be targeted and temporary, he said, without giving further details. ING economist Charlotte de Montpellier said Barnier had been too light on detail to know if the timeline for cutting the deficit was credible and questioned whether the tax hikes would be temporary. "... the likelihood of these tax hikes becoming permanent is significant," de Montpellier said.

Persons: Michel Barnier, Gabriel Attal, Barnier, Charlotte de Montpellier, de Montpellier Organizations: France's, European Union, Le Parisien, ING Locations: Paris, France, Europe

☆ Op-ed: The UK's budget problems date back to the 2008 financial crisis
▼ + stars: | 2024-09-24 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +2 min

Over the past few weeks, economic news from the U.K. has heavily focused on the state of British national finances and how they might impact both the British public and the prospects for economic growth. Regardless of how the U.K. fiscal situation stands now, it is clear that the current shortfalls are both years in the making and run the risk of having consequences that could last for years to come. The ultimate dilemma facing Labour now is that the country cannot produce enough revenue to close systemic shortfalls without sustained economic growth, but it also cannot create economic growth without real investment, both from the public and private sectors. In many ways, the current fiscal situation dates back to the financial crisis of 2008 and the fact that the country's economy was unable to snap back readily to close the budget shortfalls that occurred then. Borrowing in the financial year to August stood at £64.1 billion ($85 billion), with the country's debt hitting 100% of GDP.

Persons: Keir Starmer, John Healey, George Robertson, Rachel Reeves, Jeremy Hunt Organizations: British, Defence, Downing, Labour, Conservative Locations: London, England, British, United States, China, Japan

☆ Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +9 min

They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.

Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England

☆ I help the ultrawealthy secure golden visas and golden passports. Here are the top 5 countries they want to move to.
▼ + stars: | 2024-09-20 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Read previewThis as-told-to essay is based on a transcribed conversation with Armand Arton, 47, president of Arton Capital, a financial advisory firm, about golden visas and passports. We advise them about golden visas and golden passports — government programs that offer residency or citizenship rights to foreign investors. AdvertisementDuring the COVID-19 pandemic, many American investors couldn't enter Europe, so they are now looking for residency programs in European countries. After this year's elections in France and the UK, we're also seeing millionaires in those countries looking to relocate. I'd advise wealthy migrants to get in on programs sooner rather than laterThe number of applicants for golden visas increases every year.

Persons: —, Armand Arton, couldn't, we're, haven't, I've, It's, Brexit, We've, who've, Irma, Maria, it's, I'd Organizations: Service, Arton, Arton Capital, Business, Caribbean Locations: Europe, France, Hungary, Portugal, Spain, Property, Greece, Italy, England, Germany, UAE, Antigua, Barbuda, Bulgaria, Ireland

☆ Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse
▼ + stars: | 2024-09-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

Researchers at Aston University in England estimated that between 2021 and 2023, annual UK exports of goods to the EU were 17% lower than they would have been had Brexit never happened. Exports in most sectors have decreased since 2021, according to the report. “The UK-EU trade relationship remains crucial for both parties,” Tuesday’s report said, adding that the relationship “underpins” economic stability and growth. According to the study’s lead author, Professor Jun Du, the post-Brexit trade deal has “introduced substantial barriers” to UK-EU trade. The report is the latest piece of research to highlight the negative effects Brexit has had on the UK economy.

Persons: London CNN — Brexit, —, Keir Starmer, ”, Jun Du, ” Du, Brexit, Sophie Hale, “, Olesya Dmitracova Organizations: London CNN, European Union, Aston University, Labour, EU, “ Locations: United Kingdom, England, EU, “

☆ From the far right to fiscal challenges, France could lurch from one crisis to another
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

France's challenges are far from over, however, with the country facing acute fiscal challenges and an ongoing threat posed by the far-right National Rally opposition, led by Jordan Bardella and Marine Le Pen. France this week asked the Commission to extend its deadline of Sept. 20 to submit debt reduction proposals. Analysts say Barnier's political survival therefore "depends on the whims and personal-political calculations of Le Pen." "The great unknown ... is how far Le Pen will be willing to address the most immediate crisis facing Barnier and the country: the painful choices needed to prevent France from plunging into a destructive fiscal crisis by the end of this year," he said. Marine Le Pen and Jordan Bardella at the final rally before the June 9 European Parliament election, held at Le Dôme de Paris - Palais des Sports, on June 2, 2024.

Persons: La France Insoumise, Remon Haazen, Emmanuel Macron's, Michel Barnier, Jordan Bardella, Pen, Barnier's, Gabriel Attal, Sarah Meyssonnier, Reuters Barnier's, Macron —, Le, Mujtaba Rahman, France's, Eurasia Group's Rahman, Le Pen's Organizations: Republique, La, Getty, Getty Images, Veteran, National Assembly, European, France's, Reuters, New, National, Eurasia Group, Le, Palais des Sports, Nurphoto Locations: La France, Paris, France, Europe, Eurasia

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ Meet Michal Kosinski, the Oppenheimer of AI's Scariest Future
▼ + stars: | 2024-08-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +20 min

Eugenicists used photographs and IQ tests to determine which people were "inferior," and sterilized those who didn't measure up — which usually turned out to be anyone who wasn't white and rich. Before he worked with photographs, Kosinski was interested in Facebook. It's just picking up on the way gay people present themselves on dating sites — which, not surprisingly, is often very different from the way straight people present themselves to potential partners. Kosinski thinks AI's ability to make the kind of personality judgments he studies will only get better. That is the future Kosinski fears — even as he continues to tinker with the very models that prove it will come to pass.

Persons: Michal Kosinski, Kosinski, I'm, they'd, isn't, Oppenheimer, David Stillwell, Stillwell, aren't, Brian Stauffer, Aleksandr Kogan, Donald Trump, —, Kosinski isn't, MAGA, Bernie bros, Alexander Todorov, It's, they've, — Francis Galton, Ronald Fisher, Karl Pearson —, Aubrey Clayton, Hitler, Trump, They're, Adam Rogers Organizations: Stanford University, Kosinski, Facebook, Cambridge, Cambridge Psychometrics, National Academy of Sciences, Psychometrics, BI, intuit, Guardian, Rights, GLAAD, Stanford, HRC, University of Chicago, US Supreme, tinker, Business Locations: California, Stanford, Kosinski, Russia

☆ CNBC's Inside India newsletter: Can India's hot deal-making season extend to a free trade agreement?
▼ + stars: | 2024-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Customers browse the S1 Pro electric scooter of Ola Electric Mobility Pvt. SoftBank -backed Ola Electric is set to raise nearly three quarters of a billion dollars with a stock market listing. India and four European nations — Iceland, Liechtenstein, Norway and Switzerland — struck a free trade agreement (FTA) earlier this year. "Our Free Trade Agreement negotiations is the floor not the ceiling of our ambitions to unlock our shared potential and deliver growth, from Bengaluru to Birmingham," Lammy said last week before his visit. India and the U.K. also have high rankings on the World Bank's Trade Complementarity Index, which indicates whether countries are natural trade partners.

Persons: Ola, Samyukta Lakshmi, Bharat, Switzerland —, David Lammy, Lammy, Chietigj Bajpaee, Narendra Modi's, Aastha Gudwani, Murugesh Organizations: Ola Electric Mobility, Ola Experience, Ola, Bloomberg, Getty, Mankind, Vaccines, South, House, India, Indian, Bank of America's, NYSE Locations: Bengaluru, India, Iceland, Liechtenstein, Norway, Switzerland, New Delhi, Birmingham, South Asia, Bank of America's India, Singapore, Japan

☆ How Venezuela’s election could upend the geopolitics of the Americas
▼ + stars: | 2024-07-23 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

Caracas CNN —It would be easy to dismiss this Sunday’s presidential election in Venezuela as a fait accompli. The opposition campaign has re-energized its bases, and the candidature of Edmundo González has attracted widespread support in Venezuela and abroad. A chance to rebuild Venezuela’s economic power“On the ballot is how long it’ll take to fix Venezuela’s economy,” said Asdrubal Oliveros, founder of Caracas firm Ecoanalitica, in his weekly podcast on July 8. Once the fifth-largest economy in Latin America, today Venezuela’s economy has shrunk to the equivalent of a medium-sized city, smaller than say, Milwaukee, according to data from the IMF. As Venezuela’s economy has crumbled, around eight million Venezuelans have already fled their country, many of them scattered across South America.

Persons: Nicolas Maduro, ”, –, Laboratorio de Paz, Edmundo González, Asdrubal Oliveros, Andres, Maduro, Edmundo Gonzalez, Maria Corina Machado, Gabriela Oraa, Gonzalez, Consultores, Putin, Xi Jinping, who’s, “, Donald Trump Organizations: Caracas CNN —, Laboratorio, IMF, Andres Bello Catholic University, Central University of Venezuela, of American, World Bank, Inter, American Development Bank, Supreme, CNN Locations: Caracas, Venezuela, Ecoanalitica, Latin America, Milwaukee, AFP, United States, Americas, South America, Venezuelan, America, China, Iran, Russia, Miami, Cuba, Maduro, of American States, Mercosur, Algiers, Brussels, Buenos Aires, Spanish, Washington, Brexit, neofascism, Europe, India, Turkey, Philippines

☆ Political assassinations are on the rise. It's a symptom of growing global instability.
▼ + stars: | 2024-07-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

AdvertisementA wave of violence against political leadersAround the world, politics has been rocked by a wave of assassinations of political leaders, dissidents, and other high-profile figures. In the UK, political assassinations were once rare, but two members of parliament were assassinated in five years. Political violence is on the riseA 2018 protest in Turkey against the murder of Jamal Khashoggi, a Saudi dissident. Bruce Hoffman, an expert on terrorism at the Council on Foreign Relations, told Business Insider that rising political violence is the outcome of increasing global instability. - Getty ImagesAnother factor behind the spike in assassinations is the increasing instability of the global political order.

Persons: —, Donald Trump, It's, Jo Cox, Sir David Amess, Robert Fico, Alexander Navalny, Vladimir Putin, Shinzo Abe, Fernando Villavicencio, Zoran Djindjic, Jamal Khashoggi, Mohammed bin Salman, Emrah, Bruce Hoffman, Hoffman, Trump, Joe Biden, General Merrick Garland, Christopher Wray, Gretchen Whitmer, Paul Pelosi, Nancy Pelosi, who'd, Tommy Mair, John Bolton, Volodymyr Zelenskyy, Nicholas Maduro, Abe, Jacob Ware Organizations: Service, CNN, Business, Slovakian, Kremlin, Serbian, CIA, University of Maryland's, Council, Foreign Relations, Trump, New York Times Locations: Pennsylvania, Saudi Arabian, Saudi, Turkey, Saudi Arabia, Michigan, Washington , DC, Slovakia, India, Iran

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