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The man who died in a Colorado mine elevator accident was a 46-year-old father and tour guide there, officials said Friday as investigators try to understand what exactly occurred. The man killed was identified as Patrick Weier, who worked as a tour guide at the mine. Weier had a 7-year-old son and lived in Victor, a community of less than 400 in the area, officials said. Mikesell said the state does safety inspections and an official from that agency was on scene after the accident Thursday. “I know it has passed its safety inspections,” Mikesell said, but he did not have the dates during Friday’s news conference.

Persons: Jason Mikesell, Kathleen Gold, Patrick Weier, Weier, “, ” Mikesell, ” Patrick Weier, Mollie Kathleen Gold, Jennifer Nolan, Mikesell, Jared Polis, Teller, Dan Williams, Williams, I’m, you’ve Organizations: federal, Safety, Health Administration Locations: Colorado, Teller, Cripple, Victor, Cripple Creek, Colo

☆ War analysts argue the West needs to break the industries keeping Russia's deadliest guns firing before it's too late
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A new analysis identified several ways that the West can disrupt Russia's artillery supply chain. Analysts said the West needs to go after Russia's foreign imports before it's too late. Despite international sanctions meant to cripple Russia's war machine, Russia has maintained an edge over Ukraine when it comes to artillery production and rate of fire. AdvertisementThe analysts at RUSI said that the West needs to disrupt the industries that are keeping Russia's deadly and destructive howitzers firing before it's too late for Ukraine. However, the analysts said, "the longer the war continues, the more Russia's dependencies on foreign suppliers will become a weakness."

Persons: —, RUSI, it's Organizations: Service, Royal United Services Institute, Russian Defense Ministry Press Service, West, US Locations: Russia, Ukraine, Moscow, China, Iran, North Korea

☆ Israel has the ability to cripple, but not eliminate Iran's nuclear capabilities: Meghan O’Sullivan
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael has the ability to cripple, but not eliminate Iran's nuclear capabilities: Meghan O’SullivanMeghan O’Sullivan, Harvard University’s Belfer Center for Science and International Affairs director and former Deputy National Security Advisor, joins 'Squawk Box' to discuss the fallout from Iran's ballistic missile attack on Israel, what to expect from Israel in retaliation, potential impact on the oil market, and more.

Persons: Meghan O’Sullivan Meghan O’Sullivan Organizations: Israel, Harvard, Belfer, for Science, International Affairs, National Security Locations: Israel

☆ Stellantis files federal lawsuit against UAW union over strike threats
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

A supermajority of UAW members at Stellantis' Los Angeles Parts Distribution Center voted to request strike authorization from the International Executive Board if the company and union can't reconcile, the union said Friday morning. The lawsuit argues that if the union does strike, the court "should award Stellantis monetary damages" that result from a breach of contract. UAW President Shawn Fain has routinely said the union will strike if needed, however Stellantis has argued that would be unlawful under the contract. The lawsuit came the same day Fain and union members held their latest rally against Stellantis in suburban Detroit. Stellantis, in the lawsuit, called the grievances a sham designed to "justify mid-contract strikes against Stellantis that otherwise would violate the [contract's] no strike clause."

Persons: Carlos Tavares, Tobin Williams, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Fain, it's, it's Stellantis Organizations: Stellantis NV, UAW, Parts Distribution, International, North, DETROIT, United Auto Workers, Atlantic, CNBC, U.S, Democratic, Central District of, Stellantis Locations: Sochaux, France, Los, North America, California, Romulus , Michigan, U.S, Central District, Central District of California, Detroit

Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.

Persons: Hurricane Helene, Helene, ” Sibelco, “, ”, Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, “, Downtown Spruce

☆ Israel is weighing up how to strike back against Iran. Here's how it could play out.
▼ + stars: | 2024-10-03 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Global stocks dipped again on Thursday, while oil prices rose further as markets braced for a wider regional war in the Middle East. "He has been advocating for hitting Iran and for the United States to target Iran. There are several potential targets Netanyahu may be considering:Iran's oil facilitiesOne target could be Iran's oil production facilities. Oil prices spiked for a third day on Thursday, fueled by speculation that the growing conflict could limit production. With oil prices rising, there are fears that the industrial recession the US economy is experiencing could snowball into a full-fledged downturn.

Persons: —, Benjamin Netanyahu, Netanyahu's, Netanyahu, Sen, Lindsey Graham of, Biden, Piper Sandler, Jake Oubina, Axios, Beni Sabti, Ayatollah Ali Khamenei, Chris Doyle, Naftali Bennett, Bennett, Gen Herzi Halevi, Farzan, Sabet, Israel's Organizations: Service, Experts, Central, Politics, Deakin University, Iran, Financial Times, Reuters, Brent, West Texas, Fox Business, Institute of National Security, Iran's Revolutionary Guard, Council, Guardian, US, Military, Global Governance Centre, Geneva Graduate Institute Locations: Israel, Iran, Middle East, Australia, United States, Lindsey Graham of South Carolina, Tel Aviv, British

☆ 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

☆ Stock market typically cools off in October following a really strong third quarter
▼ + stars: | 2024-10-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The stock market typically cools off in October following a really strong third quarter, but any weakness could prove to be a potential buying opportunity for year-end, according to Piper Sandler. On Tuesday, the first day of the month , the Dow Jones Industrial Average and the S & P 500 fell, while the Nasdaq Composite dropped more than 1%. Those losses come after the S & P 500 advanced 5.5% in the three months ended September. Since 1928, following the 34 instances when third-quarter returns were greater than 5%, the S & P 500 then slid 1% on average in October, the technician said. .SPX 1M mountain S & P 500 Many investors agree that the bias into year-end is to the upside, after some near-term seasonal weakness.

Persons: Piper Sandler, Stocks, Hurricane Helene spooked, Craig W, Johnson, Tom Lee, we've, Lee Organizations: Dow Jones Industrial, Nasdaq, Fundstrat Global Advisors Locations: U.S, Hurricane

☆ Israel's clash with Hezbollah may be shaped by its past mistakes in Lebanon
▼ + stars: | 2024-10-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Israel launched a ground incursion that risks repeating its past mistakes in Lebanon. From 1985 to 2000, Israel occupied a 15-mile-wide "security zone" in southern Lebanon, ostensibly run by a Lebanese Christian faction backed by IDF troops. Israel returned in 2006, when 30,000 Israeli troops crossed the border in retaliation for a Hezbollah ambush of IDF troops in northern Israel. AdvertisementAs Israel's prime minister in 1998, Benjamin Netanyahu vowed to keep troops in southern Lebanon "whatever the cost." Currently two IDF divisions are operating in southern Lebanon, to dismantle Hezbollah infrastructure there.

Persons: Israel, —, Benjamin Netanyahu, EFFI, Boots, 2S0qw1pBaJ — Emanuel, Mannie, Fabian, Hassan Nasrallah, Michael Peck Organizations: Service, Lebanese Christian, IDF, Getty, Hezbollah, Hamas, Division, Egoz Commando, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Lebanon, Israel's, Lebanon's, Vietnam, Israel, Afghanistan, Soviet Union, —, Gaza, AFP, Forbes

☆ Anduril's Palmer Luckey slammed restrictions on AI use in the military
▼ + stars: | 2024-10-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

In a college talk, Palmer Luckey criticized AI restrictions in military use. Luckey, founder of Anduril Industries, warned of adversaries like Russia and China using AI. In a Tuesday talk at Pepperdine University, Palmer Luckey, the founder of Anduril Industries, said he fears that AI will be used by "evil people," while Western powers are being coerced into not using AI. He added that Iran is going to have access to great AI in the future, and that China already has great AI. During Tuesday's talk, Luckey said that all of Anduril's tech operates autonomously and runs on its AI platform, called Lattice.

Persons: Palmer Luckey, —, Luckey, Anduril, Alex Karp, Karp, we're, Brian Schimpf Organizations: Anduril Industries, Service, Pepperdine University, United Nations, VR, Meta, of Defense, Department of Homeland Security, Special, Command, Founders Fund, Sands Capital, New York Times Locations: Russia, China, Ukraine, United, Iran, Europe, West, Israel, Palantir

☆ Breaking up Google's ad business could 'cripple' publishers. Analysts make the case for turning it into a public-benefit corporation instead.
▼ + stars: | 2024-10-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

The US Department of Justice and 17 state attorneys general seek to break up Google's adtech business. Arete Research analysts suggest spinning off Google's adtech as a B Corp instead. The government is hoping the judge will force Google to divest some or all of its adtech business. Related storiesA brute-force breakup or shutdown of parts of Google's sell-side business could have unintended consequences for publishers, Arete's analysts wrote. A publisher tech executive shared with Business Insider their own concerns about a potential breakup of Google's adtech business earlier this month.

Persons: —, Google's, execs, adtech, Arete, it's, Richard Kramer, Kramer Organizations: US Department of Justice, Arete Research, Service, Google, Corp . Companies, B, Google Display, Business, News Corp, Daily Mail, Network, Google Network, Corp, YouTube Locations: Google's

☆ Killing of Nasrallah is a key prize for Israel, but it’s too early to write off Hezbollah
▼ + stars: | 2024-09-29 | by ( Peter Bergen | ) edition.cnn.com time to read: +6 min

In 2008, Israel killed Hezbollah’s military leader, Imad Mughniyeh, in Damascus, Syria, yet the group only gathered strength in the years that followed. Four years earlier, Israel killed a founder of Hamas, Sheikh Ahmed Yassin, in an airstrike. The US has its own history of killing terrorist leaders in the hope that it will cripple its foes. ISIS also carried out devastating terrorist attacks in the West, for instance, in Paris in 2015 that killed 130 people. The UN estimates there are about four hundred members of al Qaeda living in Afghanistan today.

Persons: CNN — , Hassan Nasrallah, Israel, don’t, Imad Mughniyeh, Sheikh Ahmed Yassin, masterminds, Mohammed Deif, Abu Musab al, Zarqawi, al, ”, Barack Obama, Mullah Akhtar Mohammad Mansour, Donald Trump, Qasem Soleimani, Soleimani, Trump, “ Soleimani, Osama bin Laden, bin Laden, Bin Laden’s, Laden, Ayman al, Zawahiri, didn’t, Nasrallah, it’s Organizations: CNN, US, ISIS, Islamic Revolutionary Guards Quds Force, Hamas, United, Taliban, Hezbollah, CIA, US Navy, UN, Israel Locations: Beirut, Israel, Damascus, Syria, Gaza, al Qaeda, Iraq, Qaeda, Portugal, Paris, Syrian Kurdish, Mosul, Pakistan, Afghanistan, Baghdad, Yemen, United States, Pakistan’s, New America, Abbottabad, Iran

A woman holds a sign with former President Donald Trump's mugshot while riding the Arizona GOP's float at the Navajo Nation parade on Sept. 7. A man holds a Harris-Walz sign at the Navajo Nation parade in Window Rock, Arizona. Nez, who was swarmed by young children asking for his autograph, served as president of the Navajo Nation for four years until 2023. “One big thing is fixing the roads on the Navajo Nation, putting highways on those dirt roads. The Navajo Nation also used over $520 million in funding from a Biden-backed law to “nearly double” new infrastructure building, the Navajo president’s office announced this year.

Persons: surrogates, ”, Lomakoyva Manuel, Lorinda Strayhorn, Leo Mann, Mann, Donald Trump's mugshot, Alex Tabet, “, Joe Biden, Manuel, Strayhorn, Roland, “ I’m, Harris, Walz, Sen, Theresa Hatathlie, ” Hatathlie, Gina Swoboda —, Swoboda, Trump, Kari Lake, ” Lake, they’ve, Ruben Gallego, Gallego, ” Gallego, he’s, Jonathan Nez, Arizona’s, “ Ruben Gallego, He’s, Eli Crane, Denzel Bia, Steve Blackrock, Deb Haaland, Halee Dobbins, ” Swoboda Organizations: —, Navajo Nation, Republican, Democratic, NBC, Uplift, Arizona, State, NBC News, Safeway, NBC News Democratic, Navajo, Trump, “, Republican Senate, Democratic Rep, Indigenous, American Child Protection, Senate, Congressional, Democrat, Biden, Interior Department, Republican National Committee’s Locations: Navajo, Albuquerque , New Mexico, Nazlini , Arizona, Arizona, Data, Phoenix, Rock , Arizona, Farms, Black Mesa , Arizona, Republican National Committee’s Arizona

☆ The price of ransomware attacks is skyrocketing and government agencies are paying the most
▼ + stars: | 2024-07-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Ransomware attacks cost local governments and public colleges the most money, a new study found. Lower education and central and federal governments reported an average of $6.6 million in payouts. And it's local governments and public colleges that are handing over the most cash. It details a steep increase in payouts for ransomware attacks in recent years. Ransomware attacks typically come from criminals who hack into companies to steal data, which they hold until the victim agrees to pay a fee.

Persons: — Organizations: Service, Business

☆ Confidence is key to well-being. Here are 5 tips to boost yours
▼ + stars: | 2024-07-14 | by ( Andrea Kane | ) edition.cnn.com time to read: +8 min

So whether you have confidence or succeed, even at a small task, it leads to success and then even more confidence. “The greatest source of success is success,” Robertson said. If confidence is on one end of the spectrum, anxiety is at the other, Robertson said. “Confidence is linked to the action systems of the brain,” Robertson said. People with a “growth” mindset believe that with effort you can learn abilities and cultivate talents; conversely, those with a “fixed” mindset believe talents and abilities are innate — you either have them or you don’t.

Persons: Sanjay Gupta, Ian Robertson, Robertson, Boone Pickens, ”, “, ” Robertson, Rumi, Roberston, —, you’re, ’ ”, ’ ” Robertson Organizations: CNN, Brain Health, Trinity College Dublin, Center, BrainHealth, University of Texas, Research Locations: Ireland, Dallas

☆ How Janet Yellen Became an Unlikely Culinary Diplomat
▼ + stars: | 2024-07-13 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

There was mayonnaise mixed with ants at a gastronomic taqueria in Mexico City. The garlic at a Persian restaurant in Frankfurt was aged 25 years. And, yes, the magic mushrooms in Beijing were hallucinogenic. “It’s not like it’s a scheme to conduct some sort of diplomacy,” Ms. Yellen, 77, said during an interview in June over scrambled eggs with onions and home fries at Sarge’s Delicatessen and Diner in New York City. The intrigue has been a surprising twist in the tenure of Ms. Yellen, an economist and former Federal Reserve chair, who unlike most previous Treasury secretaries prizes mixing in cultural experiences with the grind of government travel.

Persons: Anthony Bourdain, Janet L, It’s, Ms, Yellen Organizations: Federal Reserve Locations: Mexico City, Frankfurt, Beijing, Russian, New York City

☆ Extended CDK outage brings chaos to car dealers
▼ + stars: | 2024-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Piecemeal progressThe outage began last Wednesday after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. “I work at a major body shop, and it has really hurt us,” one worker wrote to CNN about the outage. “15,000 dealerships is an awful lot to have control over when you do the math,” Irvin said of CDK. And after more than a week at home, Phillips’ boss texted him to return to work on Friday.

Persons: “ It’s, ”, Bernard Irvin, “, ” ‘, Norm Phillips, hadn’t, ” Phillips, “ I’ve, CDK, Phillips, ” Phillips wasn’t, ” Irvin, Irvin, texted, “ I’m Organizations: CNN, CDK, Workers, Ford, Anderson Economic, Dealer, Benz, Honda, Ford Bronco Sport, Ford Bronco Locations: Greenville , South Carolina, North America, New Jersey

☆ Supreme Court Ruling Reflects Challenges of Jan. 6 Prosecutions
▼ + stars: | 2024-06-28 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

The Supreme Court’s decision on Friday that prosecutors had misused an obstruction law in charging hundreds of rioters who attacked the Capitol is the latest example of the persistent challenges the Justice Department has faced in grappling with the consequences of Jan. 6, 2021. By and large, the department has succeeded over the past three years in moving against members of the pro-Trump mob who sought to disrupt the certification of President Biden’s victory on Jan. 6, and in winning convictions on seditious conspiracy charges against members of two far-right groups that were instrumental in stoking the violence that day, the Proud Boys and the Oath Keepers. But lacking any established legal blueprint for addressing an assault on the foundations of democracy, prosecutors sometimes got creative with the law. And that has left them vulnerable to second-guessing by the courts on how they have pursued criminal cases both against the rioters and against former President Donald J. Trump, and contributing to a long series of challenges and delays. The court’s new ruling on the obstruction law will hardly cripple the Justice Department’s ability to go after the rioters, but it will constrain prosecutors by restricting the use of an important tool they have relied on to seek accountability against the most disruptive members of the mob.

Persons: Biden’s, Donald J, Trump Organizations: Capitol, Department, Trump

☆ How China could take Taiwan without even needing to invade
▼ + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.

Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, ”, Dong, China’s, “, Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, “, Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid

☆ If you have this much money in your 401(k), you're doing better than most—here's how to save even more
▼ + stars: | 2024-05-30 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Still, when you're saving for something that's decades away, such as retirement, it's easy to feel like you're not doing enough or that you're falling behind without some context. Even if you're not doing as well as you'd like, you may be doing better than most. "Automating savings ensures consistency and discipline, making it easier to stick to your retirement savings goals." It's "essentially free money that can significantly boost your retirement savings," says Basso. "Don't treat your retirement savings like Vegas and go all in on something.

Persons: you've, Ashton Lawrence, Alyson Basso, Basso, couldn't, Andrew Herzog Organizations: Fidelity, Mariner Wealth Advisors, Hayden Wealth Management, CNBC Locations: Greenville , South Carolina, Middleton , Massachusetts, Plano , Texas, Vegas

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

☆ Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
▼ + stars: | 2024-05-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesA decade into power, India's Prime Minister Narendra Modi appears set to secure a rare third term, with the general elections now underway. Opposition 'witch hunt'Ahead of the elections, India's main opposition — the National Congress party — accused the Modi government of freezing its bank accounts. "This is a criminal action on the Congress party done by the prime minister and the home minister," said Congress leader Rahul Gandhi in a fiery attack. "During Manmohan Singh's time, India was also growing very fast," he added, referring to the economic reforms under the former prime minister in the 1990s.

Persons: Narendra Modi, India's, Modi, Prakash Singh, Asim Ali, Ali, Milan, Modi's, —, Rahul Gandhi, Chietigj Bajpaee, Arvind Kejriwal, consecrating, Ronojoy Sen, Neelanjan Sircar, Manmohan Singh's, Sircar Organizations: Bloomberg, Getty Images Bloomberg, Getty, India's, East, CNBC, Dem, Freedom House, Carnegie Endowment, International Peace, Newsweek, Bharatiya Janata Party, National Congress, South Asia, Chatham House, Aam Aadmi Party, Modi's BJP, BJP, Institute of South Asian Studies, Centre for Policy Research Locations: Agra, Uttar Pradesh, India, East Asia, New Delhi, Sweden, U.S, Milan Vaishnav, South Asia, Gujarat, Ali, Delhi, Lok, Ayodhya, Ayodhya —, BJP

☆ Opinion: A Russian weapon could wipe out US space edge
▼ + stars: | 2024-05-15 | by ( Clayton Swope | ) edition.cnn.com time to read: +7 min

Here, the NanoRacks-Remove Debris satellite is deployed from the International Space Station in 2018. Before revelations about Russia’s development of a nuclear anti-satellite weapon, there had been indications of global recognition that the use of certain space weapons was bad for everyone. The proposed defense budget for 2025 does not reflect the scale and urgency of the need to counter space threats and protect space systems. Learning how to operate satellites in a space environment clogged with debris or increased radiation caused by a space weapon is also important. We need a two-pronged effort to prepare for the worst: Double down on efforts to protect and maintain access to space in a hostile space environment and consider how to operate without space.

Persons: Clayton Swope, Mike Turner, Estonia’s, —, Vassily Nebenzia, Frank Herbert’s Organizations: Aerospace Security, International Security, Center for Strategic, International Studies, CIA, CNN, Clayton, Clayton Swope Center, Strategic, United, US, Intelligence, Ohio Republican, International Space Station, NASA, GPS, Finnair, United Nations, UN, Twitter Locations: Washington , DC, Russian, United States, Russia, Ohio, Vietnam, Guadalcanal, Iwo Jima, Tartu, China, Moscow

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