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A New Insight into Donald Trump’s Rise
  + stars: | 2024-07-25 | by ( German Lopez | ) www.nytimes.com   time to read: 1 min
A common theory about Donald Trump’s appeal is that working-class white people feel they fell behind as other groups pulled ahead. He recognized the sentiment and spoke to those voters’ concerns. It turns out that those concerns are grounded in real economic changes, a new study from Harvard researchers shows. The researchers analyzed census and tax records covering 57 million children to look at people’s ability to rise to the middle and upper classes — their mobility — over two recent generations. They found that it had improved among Black people and deteriorated among poor white people, as this chart by my colleague Ashley Wu shows:
Persons: Donald Trump’s, Ashley Wu Organizations: Harvard
When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.
Persons: Lawrence Cain Jr, Cain, , Asa Featherstone, Black, Derek Brown, Brown, He’s, , It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C
US Vice President Kamala Harris speaks on the South Lawn of the White House in Washington, DC, US, on Monday, July 22, 2024. The California Homeowner Bill of Rights became law on January 1, 2013. 'There's potential for a lot of good'The latest housing policies the Biden Administration has rolled out generally aim at increasing the supply of affordable housing and lowering costs for buyers and renters. Harris has been involved in Biden's housing policy-making, and it's likely that her campaign will carry on similar blueprints for housing, experts say. "Generally speaking, it does seem like affordable housing, zoning has been something that has been a talking point of hers for a while now," said Jacob Channel, a senior economist at LendingTree.
Persons: Kamala Harris, Ting Shen, Harris, Biden, Jacob Channel Organizations: White, Bloomberg, Getty, Treasury, PRO, U.S . Department of Housing, Urban, HUD, Harvard University Joint Center for Housing Studies, Biden Administration Locations: Washington , DC, California, U.S, America
Chandra X-ray Observatory Center/NASASo far, Chandra has taken nearly 25,000 observations of the universe. Chandra X-ray Observatory Center/NASAShortly after launch, the observatory focused on what has become an iconic celestial target: supernova remnant Cassiopeia A. Chandra has returned to this feature again and again, revealing new insights each time. Chandra X-ray Observatory Center/NASA“Before Chandra, it was known that there was a sort of diffuse haze of X-ray emission coming from all directions in the sky. The NASA budget allotment for Chandra will gradually dwindle in the coming years, based on the agency’s budget request released in March. Chandra X-ray Observatory Center/NASADespite 25 years spent in space, Chandra remains in good health and virtually all of the spacecraft’s systems are in good condition, Slane said.
Persons: NASA’s Chandra, Chandra, Subrahmanyan Chandrasekhar, Eileen Collins, ” Collins, , Pat Slane, astrophysicists Riccardo Giacconi, Harvey Tananbaum, NASA’s, Slane, Chandra’s, ” Slane, Organizations: CNN, NASA, Center, Astrophysics | Harvard & Smithsonian, Hubble, Telescope, Spitzer, Compton Gamma, “ NASA, Chandra Locations: Columbia, Cambridge , Massachusetts,
He's even expanded his job search to restaurant and retail jobs — e.g. AdvertisementHesmondhalgh shared why he thinks his job search has been so challenging and what he plans to do moving forward. AdvertisementIdeally, he'd land a job in journalism — the field he has two degrees in. He thinks he's struggled to land journalism roles because most of the positions he's looked at require three to five years of formal newsroom experience, and he doesn't have that. Going forward, Hesmondhalgh said he plans to continue his job search for as long as necessary.
Persons: , Roland Hesmondhalgh, He's, Hesmondhalgh, hasn't, he's, it's, he'll Organizations: Service, Florida Institute of Technology, Business, Georgetown, Bureau of Labor Statistics, Supreme, US Capitol Locations: Virginia, Washington, DC, Arlington , Virginia
Resume and cover letter reviews aren't the only parts of the hiring process companies are opting to automate today: Add self-recorded interviews to the mix. "The challenge with an AI interview is that you have one shot at an answer, and it's not a conversation," he says. Here's how to give a self-recorded interview your best shot. Don't be too sure, Ng says: "When in doubt, look at your webcam, not your screen." A giveaway tell for reviewers is if someone's "eyes are moving left or right like they're reading from a teleprompter," he explains.
Persons: Gorick Ng, Ng, it's Organizations: Harvard University
At 17, I was kicked out of high school because I skipped class to work at my fast-food job and hang out with my friends. I was always interested in the MarinesAfter getting kicked out of school, I enlisted in the Marine Corps. AdvertisementI got my GED and took 15 units of entry-level community college classes, like English 101 and US History. AdvertisementI left the military and began classes at a community collegeTragically, our first daughter died during birth. It's pretty amazing that a Black kid from a low-income family who didn't finish high school was able to achieve all of this.
Persons: , Andrew Hanson, I'd, Stanford, I've, they've, Lauryn Haas Organizations: Service, Business, Marines, Marine Corps, School of Infantry, Tragically, Stanford, Columbia, Department of Justice, Harvard University, Department of Veterans Affairs, Harvard Locations: Virginia, Chicago, Camp Pendleton , California, Iraq, New Orleans, California, Washington, Cambridge , Massachusetts, Skadden, Slate, lhaas@businessinsider.com
You can keep money in a bank account during a recession and it will be safe through FDIC and NCUA deposit insurance. Up to $250,000 is secure in individual bank accounts and $500,000 is safe in joint bank accounts. If you're concerned about whether money is safe in a bank during a recession, there's good news — your money will be likely secure in a bank account. Savings accounts, checking accounts, money market accounts, and CDs are examples of federally insured bank accounts. Up to $250,000 is secure in individual bank accounts, and $250,000 is protected per owner in joint bank accounts.
Persons: they're, Jeffrey Miron, Miron, Charles Calomiris, Maggie Gomez, Maggie, Gomez, You'll, Banks Organizations: FDIC, Pew Research, Federal Deposit Insurance Corporation, Harvard University, Columbia Business School, National Credit Union Administration, Bank, doesn't Locations: U.S, United States, Chevron
As Meta continues pursuing AR and VR, Boz has also been vocal on one of its biggest rivals in the space: Apple. Boz and Zuck have both been critical of the Apple Vision Pro headset. Justin Sullivan/Getty ImagesBoz said Apple's mixed-reality headset, a rival to Meta's Quest VR headsets, was "very uncomfortable to use." And it's distributed poorly," he said shortly after the Vision Pro launched in the US in February. He's also shot down speculation that Meta rushed to announce its Quest 3 headset ahead of Apple's Vision Pro debut.
Persons: Meta, Boz, Zuck, Justin Sullivan, Apple's, He's Organizations: Apple, Meta's, Vision Pro, Apple's, Meta Locations: WWDC
How often you poop could affect overall health
  + stars: | 2024-07-23 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
The frequency may also affect your gut microbiome and risk of chronic disease, a new study has found. Self-reported bowel movement frequency was separated into four groups: constipation (one or two bowel movements per week), low-normal (three to six weekly), high-normal (one to three per day) and diarrhea. The authors believe their findings are “preliminary support for a causal link between bowel movement frequency, gut microbial metabolism, and organ damage,” according to a news release. It’s also possible a person’s gut microbiome could be influencing bowel movement frequency. Bowel movement frequency also isn’t the most ideal measure of bowel function, he said.
Persons: pooped, , Sean Gibbons, ” Gibbons, Gibbons, White, Kyle Staller, wasn’t, ” Staller, It’s, , Staller, , Rena Yadlapati Organizations: CNN, Cell, Institute for Systems Biology, Massachusetts General Hospital, Harvard Medical School, gastroenterology, University of California San Locations: Seattle, Massachusetts, University of California San Diego
Picture Wall Street stockbrokers frantically trying to beat sales quotas — or sales representatives fighting for commissions. For real estate mogul Barbara Corcoran, the trick to strengthening relationships amongst her employees is being the fun boss. "In sales, you like who you're working with, but you don't really, totally like them because they're going after your market. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Barbara Corcoran as a panelist. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: stockbrokers, , Barbara Corcoran, it's, Tom Gimbel, Gimbel, Bob Nelson, Nelson, Corcoran Organizations: Employees, Taiwan's National Central University, Harvard Business, CNBC
CNN —Scientists announced in December the successful creation of the Brain Care Score, a tool for assessing dementia or stroke risk without medical procedures. That score, which also helps patients and doctors identify beneficial lifestyle changes, may now also be able to predict the odds of developing depression later in life, according to a new study. The 21-point Brain Care Score, or BCS, refers to how a person fares on 12 health-related factors regarding physical, lifestyle and social-emotional components of health. “The Brain Care Score is a simple tool designed to help anyone in the world answer the question, ‘What can I do to take better care of my brain?’” said study author Dr. Jonathan Rosand, cofounder of the McCance Center for Brain Health at Massachusetts General Hospital and lead developer of the BCS, in a news release. The higher a participant’s score, the lower their risk of brain disease.
Persons: , ’ ”, Jonathan Rosand, Richard Isaacson, Isaacson, , we’ve, ” Isaacson, Sanjula Singh, that’s Organizations: CNN —, Psychiatry, McCance, Brain Health, Massachusetts General Hospital, BCS, Harvard Medical School Locations: , Massachusetts, Boston, United Kingdom, Florida
This story is available exclusively to Business Insider subscribers. "If you're not playing with all the tools and trying to build apps on top of them, you're already obsolete," Blank told BI. "The pieces of the lean startup are just so obvious to me to be automated and then strung together. But then a lot of it won't tell you when it's not working," Blank told BI. From Blank's perspective, one side of entrepreneurship that is safe in the emerging AI world is the role of the visionary founder.
Persons: , Steve Blank, Blank, It's, it's Organizations: Service, United States Census Bureau, Business, Harvard, Modern Entrepreneurship, Stanford, Silicon, Founders
Air Canada's customer service chatbot told Moffatt he could claim the discount after the flight. Botshit is one example of how the use of AI might worsen companies' customer service. In January, a UK parcel company removed its new AI customer service chatbot after it swore at a customer. AdvertisementAnd when Google rolled out its AI chatbot Gemini earlier this year, it produced historically inaccurate images of people of color. However, the researchers argued that customer service is the least risky use of AI for businesses.
Persons: , Jake Moffatt's, chatbot, Moffatt, Ian P, McCarthy, Timothy R, Hannigan, André Spicer, Edelman, What's, Dan Davies, Sundar Pichai, Spicer Organizations: Service, Air Canada, Air, Business, Harvard, Edelman Data, Intelligence, Microsoft, LinkedIn, Google Locations: Canada's, New York
CNN —With President Joe Biden’s support unleashing a flood of endorsements from many prominent Democrats across the country, Kamala Harris has emerged as the favorite to take his place as the party’s nominee for president. The campaign formally amended filings with the Federal Election Commission to rename its principal committee and declare Harris a candidate for president. Cooper previously waved off speculation that he might be on the shortlist for vice presidential nominees if Biden steps aside and Harris becomes the nominee. “Are you at least open to the possibility of being a running mate to Vice President Harris?,” Beshear was asked on MSNBC Monday morning. “I’m not going anywhere.”Whitmer, first elected governor in 2018, emerged as a prominent executive during the height of the Covid-19 pandemic.
Persons: Joe Biden’s, Kamala Harris, Harris, Biden, Roy Cooper, Josh Shapiro, Arizona Sen, Mark Kelly, Jeff Zeleny, Shapiro, , Barack Obama, Donald Trump, Corey Comperatore, Trump, “ Corey, Corey, ” Shapiro, ” Roy Cooper, , Cooper, ” Cooper, Mark Kelly Arizona Sen, Gabby Giffords, Kelly, Katie Hobbs, Andy Beshear, Beshear, ” Beshear, He’s, Steve Beshear, J.B, J.B . Pritzker, Pritzker, Wade, Chicago Mayor Brandon Johnson, Pete Buttigieg, It’s, Buttigieg, Mike Pence, Vance, Bill Maher ”, ” Vance, ” Buttigieg, Gretchen Whitmer, “ I’m, ” Whitmer, Whitmer, She’s, That’s, Abby Phillip, who’s, ” Gavin Newsom California, Gavin Newsom, Ron DeSantis, X, Donald Trump’s, @KamalaHarris, Newsom, CNN’s Tami Luhby, Ethan Cohen, Jasmine Wright, Devan Cole, Gregory Krieg, Edward, Isaac Dovere, Dan Merica Organizations: CNN, Democratic, Federal, Commission, Democratic National Convention, North Carolina Gov, Arizona, Democrats, ” CNN, ” Roy Cooper North Carolina Gov, Republicans, Republican, Biden, North Carolina House of, North, Democratic Party, MSNBC, Senate, GOP, Affordable, Pritzker, Pritzker Illinois Gov, South, Chicago Mayor, White, Transportation Department, Fox News, Yale Law School, Harvard, Trump Republican, Gov, Detroit News, Trump, Golden, Electoral College Locations: Chicago, Pennsylvania, Philadelphia, Butler , Pennsylvania, America, North Carolina, Raleigh, Andy Beshear Kentucky, Bluegrass, Kentucky, Pritzker Illinois, Midwest, South Bend , Indiana, Afghanistan, East Palestine , Ohio, Michigan, Covid, Napa, San Francisco
Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.
Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, , Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine
The PaintingAs you may recall, the painting you just spent time with is “Nocturne in Blue and Silver,” by the American artist James McNeill Whistler. As you look further down the painting, things start to get confusing. As you look further down the painting, things start to get confusing. She believes Whistler may have started the painting one way and then simply changed his mind, flipped the panel upside down and started over. (She recommended this Whistler painting for our exercise.)
Persons: James McNeill Whistler, Lauren O'Neil, Whistler, Kate Smith, Smith, , Gloria Mark, you’re, Roberts, , Roberts’s, Mark Organizations: New York Times, Harvard Art, The New York Times, Harvard Art Museums, University of California, Harvard Locations: American, London, brushy, Irvine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReplacing taxes with tariffs: Breaking down Trump's tariff-for-tax cuts planJason Furman, Harvard’s Kennedy School of Government economics professor and former CEA chairman, and EJ Antoni, Heritage Foundation economist, join 'Squawk Box' to discuss former President Trump's tax plan, replacing taxes with tariffs, impact on the economy, and more.
Persons: Jason Furman, EJ Antoni, Trump's Organizations: Harvard’s Kennedy School of Government, Heritage Foundation
Tierney L. Cross/Bloomberg via Getty ImagesThe Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years. Such programs, also known as earned wage access, allow workers to tap their paychecks before payday, often for a fee, according to the CFPB. More than 7 million workers accessed about $22 billion in wages before payday in 2022, according to a CFPB analysis of employer-sponsored programs also published Thursday. Consumers may encounter earned wage access under various names, like daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. However, most users do pay fees, CFPB found in its analysis of employer-sponsored programs.
Persons: Rohit Chopra, Tierney L, Biden, CFPB's, they've, Phil Goldfeder, Goldfeder, It's, hasn't, EarnIn, CFPB, Mitria Spotser, EWA Organizations: Consumer Financial Protection, Financial, Bloomberg, Getty, California Department of Financial Protection, Innovation, Federal Reserve, Finance, American Fintech Council, Biden, Workers, Center for Responsible
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe strength of our country is in our unity, says Harvard's Arthur BrooksArthur Brooks, American Enterprise Institute president emeritus and Harvard University professor, joins 'Squawk Box' to discuss his thoughts on former President Trump's speech at the RNC, searching for unity in the U.S., calming the political rhetoric, and more.
Persons: Harvard's Arthur Brooks Arthur Brooks, Trump's Organizations: American Enterprise Institute, Harvard University, RNC Locations: U.S
Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.
Persons: Howard Schultz, ” Schultz, , Stephen Brashear, Michelle Eisen, , ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo
Hamas’s brutal massacre in Israel and Israel’s retaliatory war in Gaza crashed into the Republican National Convention in prime time Wednesday night, as former President Donald J. Trump’s Republican Party moved to make Israel’s fight its own — and to further fracture the Democratic Party’s longstanding bond with American Jews. A coterie of fresh-faced fraternity brothers from the University of North Carolina was invited onstage to be celebrated for defending the American flag from pro-Palestinian protesters who had tried to take it down. An Orthodox Jewish student from Harvard, Shabbos Kestenbaum, castigated the Democratic Party he once supported as “ideologically poisoned” by “far-left antisemitic extremism.”And Orna and Ronen Neutra, the parents of an American citizen still held by Hamas in Gaza, led the crowd in a chant of “bring them home,” after recounting how Mr. Trump had called them after their son was taken hostage.
Persons: Donald J, Shabbos Kestenbaum, , Ronen Neutra, Trump Organizations: Republican National Convention, Trump’s Republican Party, Democratic, University of North, Jewish, Harvard, Democratic Party Locations: Israel, Gaza, University of North Carolina, American
They ask questions that elicit deep feelingsThe most emotionally intelligent people have an exceptional ability to weave questions into any conversation to spark and sustain interest. Their ability to demonstrate social awareness and empathy — hallmarks of emotional intelligence — enables them to appear authentic, rather than nosy. Highly emotionally intelligent people are skilled at reading social cues and mirror the people they speak with to deepen a connection. They share their personal mistakes and failuresPeople with high emotional intelligence openly share their setbacks. People with high EQ possess the emotional security and courage to be disliked.
Takeaways from the RNC’s third night
  + stars: | 2024-07-18 | by ( Eric Bradner | Daniel Strauss | Gregory Krieg | ) edition.cnn.com   time to read: +14 min
Vance’s Republican National Convention speech capped a night Republicans spent prosecuting what they see as President Joe Biden’s biggest foreign policy failures and their consequences. Republicans used Wednesday night to introduce Vance and his life story to the nation. You owe President Trump answers!” Tennessee Sen. Marsha Blackburn shouted at Cheatle, who continued to walk with her head down and ignore the senators’ criticism. Energy security and energy policy are in the governor’s comfort zone and that was on full display Wednesday night. When Trump finally did call Burgum, the former president told Burgum he would not be his running mate.
Persons: Donald Trump’s, Ohio Sen, JD Vance, Republican Party —, Joe Biden’s, , William Pekrul, Trump, Kai Trump, Vance, , Biden Vance, Trump’s MAGA, ” Vance, Usha, , Sen, Biden, Vance’s, Usha Vance, wasn’t, Usha Vance’s, JD, Yale Law School –, humanize, he’d, , Brett Kavanaugh, John Roberts, Peter Navarro, he’s, Navarro, Donald Trump, Paul Manafort, Manafort “, ” Trump, Cheryl Juels, Nicole Gee, , “ Joe Biden, ” Juels, Herman Lopez, Hunter Lopez, haven’t, Lopez’s, Alicia Lopez, Harris, ” Herman Lopez, Khizr, Ghazala Khan, ” Khizr Khan, Kimberly Cheatle, Tennessee Sen, Marsha Blackburn, Cheatle, ” Sen, John Barrasso, Blackburn, James Lankford, Kevin Cramer, Barrasso, Cheatle’s “, ” Cheatle, “ We’re, ” “, Cramer, Burgum’s, Doug Burgum’s, Achilles, Burgum, “ Hey, Treene, Morgan Rimmer Organizations: Wisconsin CNN, Republican Party, Republican, Convention, Gold Star, Jewish Harvard University, , Republicans, Republican National, Marines, Yale Law School, Trump, North American Free, Ivy, Ohio State University, Michigan, China, Senate, Yale University, Appeals, District of Columbia Circuit, Fox News, RNC, Trump White House, CNN Gold Star, Hamid, CNN, Biden, Secret, Fiserv, Tennessee, , Blackburn, Sens, North Dakota Gov, Energy, Republican National Convention Locations: Milwaukee, Wisconsin, Afghanistan, Ohio, Washington, American, Mexico, China, Iraq, Pennsylvania, Michigan, Ukraine, San Diego, Florida, America, Kabul, States, United States
Skills are "far more important" than having a college degree for many jobs, he added. Dimon said JP Morgan Chase has eliminated degree requirements for most jobs at the bank and pivoted toward more skills-based hiring. About 80% of JP Morgan Chase's current roles for "experienced hires," or candidates with full-time work experience, don't require a college degree, a company spokesperson confirmed to Fortune. For context, 62% of Americans don't have a college degree, according to the latest Census data. That means degree requirements can lock out millions of job seekers with alternative qualifications from high-paying opportunities.
Persons: Jamie Dimon, Dimon, Morgan Chase, JP Morgan Chase's, It's Organizations: JPMorgan Chase, LinkedIn, Wall Street, Ivy League, McKinsey & Co, Harvard Business School's, Glass Institute, CNBC
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