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☆ Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble
▼ + stars: | 2024-11-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Russian currency hit its lowest level against the dollar since March 2022 this week. The Russian currency traded at 114 to the dollar on Wednesday, its weakest level since March 2022, shortly after the Ukraine invasion began. AdvertisementA Wednesday headline in the state newspaper Rossiyskaya Gazeta read, "Panic attack for Russia's currency market." Other countries, such as India, have snapped up Russian oil instead, tempering the impact of price caps and other penalties. The collapse of Russia's Ruble (black) is a reminder how badly the EU failed on Russia.

Persons: Vladimir Putin, Putin, Gazeta, Russia Robin Brooks, XbOwqiABRd — Robin Brooks, George Pavel, Brent, Kathleen Brooks, Brooks, Trump Organizations: Analysts, RIA Novosti, Kommersant, Brookings Institution, EU, Russia Locations: Russia, Russian, Ukraine, Russia's, India

COLUMBIA, S.C. --- Susan Smith, the young mom who shocked the nation 30 years ago when she rolled her car into a lake with her two sons inside and watched them drown, was denied parole Wednesday. Susan Smith is led from the Union County Courthouse after the first day of testimony in the penalty phase of her trial. Brooks Kraft LLC / Sygma via Getty Images fileFrom behind bars, Smith continued to claim she was a good mother. He then read a passage that Smith wrote explaining why she allowed her sons to die. “I knew Jesus would take better care of them than I could,” Smith wrote, according to Thomas.

Persons: Susan Smith, Smith, recusing, Michael, Alex, Smith's, David Smith, It's, it’s, Brooks Kraft, “, ” Smith, Tommy A, Thomas, Jesus, ” Tommy Pope, “ Susan, Susan, ”, Juliette Arcodia, Corky Siemaszko Organizations: COLUMBIA, S.C, TV, Courthouse, Reuters, Brooks, Brooks Kraft LLC, Getty, State, Women’s Correctional, South Carolina Department of Corrections, Republican, Pro Tem, South Carolina House Locations: Union , South Carolina, Union, South Carolina, Columbia, New York

☆ Susan Smith, who drowned her two children 30 years ago, is up for parole
▼ + stars: | 2024-11-19 | by ( Juliette Arcodia | ) www.nbcnews.com time to read: +5 min

COLUMBIA, S.C. — Susan Smith, who shocked the nation 30 years ago when she rolled her car into a lake with her two children inside and watched them drown, will ask a parole board Wednesday to release her from prison. Almost 30 years ago to the day, Susan Smith made international headlines when she said she was carjacked late at night near Union, South Carolina, by a Black man. Smith, now 53, has had an eventful three decades behind bars in South Carolina, including multiple disciplinary actions. As of Monday, 471 people had written to the South Carolina Department of Probation, Parole and Pardon Services regarding Smith's hearing. Former lead prosecutor and current South Carolina State Rep. Tommy Pope is also expected to speak in opposition.

Persons: — Susan Smith, Smith, Susan Smith, Michael, Alex, David Smith, it’s, Houston Cagle, Alfred R, Rowe Jr, Smith “, “, Willie Rice, Rice, Tommy Pope, Pope, NewsNation, she’s Organizations: COLUMBIA, TV, Women’s Correctional, South Carolina Department of Corrections, State, South Carolina Department of Probation, South Carolina State Rep Locations: Union , South Carolina, South Carolina, Richland County

☆ Xi Jinping opens huge port in Peru funded by China
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

LIMA, Peru — Chinese President Xi Jinping launched a weeklong diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent. Cranes at the Chancay megaport are seen behind a neighborhood in Chancay, Peru, last month. The rail project is estimated to cost $3.5 billion, according to Mario de las Casas, corporate affairs manager at Cosco Shipping Chancay Peru. Robert Evan Ellis, Latin America research professor at the U.S. Army War College, said that Chancay will make shipping between Latin America and China more efficient. China has overtaken the United States to become the largest trading partner of countries such as Peru.

Persons: Xi Jinping, Xi, Dina Boluarte, Chancay, Chris Bouroncle, Mario Ocharan, Mario de las, Trump, Robert Evan Ellis, “, ” Ellis, Laura Richardson Organizations: Economic Cooperation, Initiative, Getty, El, Cosco Shipping, Chamber of Commerce, Mario de las Casas, U.S . Army, College, U.S . Southern Command, Global Times Locations: LIMA, Peru, South America, Beijing, America, Asia, Lima, Rio de Janeiro, Brazil, Peruvian, Chancay, AFP, China, Latin America, Cosco Shipping Chancay Peru, Europe, Washington, United States, China’s

Seoul, South Korea CNN —North Korea claims it is sending 250 new tactical ballistic missile launchers toward its border with South Korea, in the latest bellicose declaration by leader Kim Jong Un against its neighbor. Photographs published by the North Korean state newspaper Rodong Sinmun showed what appears to be vehicle-based missile launchers, with dozens of large green military trucks lined up in neat rows before Kim. Kim personally oversaw the transfer of equipment to military commanders and chiefs of staff, and delivered a speech claiming the new missile launchers were built with North Korean technology, state media reported. In response to the North Korean buildup, the US and South Korea – along with Japan – have stepped up their military cooperation via exercises and deployments that Pyongyang sees as a threat. There have been at least three incidents of South Korea firing warning shots since May after North Korean military personnel crossed the demarcation line, the midpoint of the Demilitarized Zone between the two countries.

Persons: Kim Jong Un, Sinmun, Kim, ” Kim, Joseph Dempsey, “ Organizations: South Korea CNN, North, International Institute for Strategic Studies, South Korea –, North Korean Locations: Seoul, South Korea, Korea, North Korean, Korean, North Korea, North, Pyongyang, Russia, Washington, Japan

☆ 10 Years, 100 Stories: The Work That Defines the Upshot
▼ + stars: | 2024-04-27 | by ( The Upshot Staff | ) www.nytimes.com time to read: +20 min

Ten years ago this week, The New York Times introduced the Upshot, a section devoted to explaining “politics, policy and everyday life.” That’s a wide scope, by design. As a result, more than 5,000 articles later, the Upshot has been many things to many readers. To mark our 10th birthday, we’ve collected 100 stories that embody the Upshot. WordleBot Eden Weingart/The New York Times When Wordle first became popular, several people on the internet claimed, plausibly, that they had come up with the “best” opening word. Force of Ship Impact Was on the Scale of a Rocket Launch Erin Schaff/The New York Times We think of the Upshot as a place where back-of-the-envelope calculations can be both helpful and welcome.

Persons: ”, Nate Cohn’s, we’ve, Kevin Quealy, John Branch, John, Patrick Thomas, tut, Trump, pollsters, Obamacare, Leif Parsons, We’re, Jason Henry, Tony Luong, Jordan, ‘, Ruth Fremson, Laurel, ’ Rodrigo Corral, Alex Welsh, Paul Romer, Tim Enthoven, Barack Obama, epidemiologists, It’s, you’re, WordleBot Eden, Wordle, Lila Barth, McCabe, Tom Brady, ChatGPT, —, Erin Schaff Organizations: New York Times, Facebook, Yankees, Red, State Newspaper, ESPN, The Athletic, The Times, You’re, Voters, Trump, Mr, Times, Siena College, Walmart, The New York Times, Jordan Siemens, Health, New, Nike, Democratic, Twitter, America, Iowa, Iowa Democratic, Cancer, Hit, Biden, Insurance, Roe America, Disorders, Republican, Republican Party of, U.S, Budget, NASA, National, Traffic, Administration, Yorkers, Force Locations: It’s, Red Sox, State, America, Dakota, Ireland, Chipotle, Japan, U.S, United States, Siena, New Pennsylvania, District, Iowa, Covid, York City, New York, Pennsylvania, Roe, Tonga, Arizona, York, Holland

☆ Why Chinese stocks have lost $6 trillion in 3 years: everything you need to know
▼ + stars: | 2024-01-23 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Chinese shares haven’t just had a bad start to 2024. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. But on the same day, major state-owned banks moved to support the Chinese yuan, in order to prevent the currency from falling too fast as Chinese shares plunged, according to a Reuters report, citing unnamed sources. Topics related to the “market plunge” and “China’s stock market rescue” were trending on Weibo on Tuesday. “I’m sad about today’s stock market performance,” Hu Xijin, former editor-in-chief for state newspaper Global Times, posted on Weibo on Monday.

Persons: It’s, “, Goldman Sachs, Wall, Li Qiang, ”, Nomura, bedeviling, Beijing’s, Li, Ken Cheung, ” Hu Xijin, “ Hu Organizations: Hong Kong CNN, Reuters, Bloomberg, Monday, People’s Bank of China, ”, Big Tech, Xinhua, Hong, Mizuho Bank, Global Times Locations: China, Hong Kong, Shanghai, Shenzhen, Japan, Asia, Beijing, US, Weibo

CNN —At least 10 people have died after a charter plane crashed onto an expressway north of Kuala Lumpur on Thursday. “First contact made by the aircraft with Subang Air Traffic Control Tower was at 2.47 p.m. [local time (2.47 a.m. At 2.51 p.m. local time, the “Control Tower observed smoke originating from the crash site but no mayday call was made by the aircraft,” the statement added. Eight people on board the plane were killed in the crash. Vincent Thian/APThe plane crashed into a car and a motorcycle, each carrying one individual, reported state newspaper Berita Harian, citing Selangor Police Head Hussein Omar Khan.

Persons: Sultan Abdul Aziz Shah, Vincent Thian, Harian, Hussein Omar Khan, Tengku Ampuan, ” Khan Organizations: CNN, Langkawi International Airport, Sultan Abdul Aziz Shah Airport, Civil Aviation Authority, Subang Air Traffic, Selangor Police, Tengku Ampuan Rahimah, Ministry, Transport, Malaysian Locations: Kuala Lumpur, Langkawi, Malaysia, Klang

☆ China, Russia to start joint air and sea drill in Sea of Japan
▼ + stars: | 2023-07-16 | by ( Yew Lun Tian | ) www.reuters.com time to read: +2 min

Codenamed "Northern/Interaction-2023", the drill marks enhanced military cooperation between China and Russia since Moscow's invasion of Ukraine and is taking place as Beijing continues to rebuff U.S. calls to resume military communication. On Saturday, the ministry said Russian naval and air forces would participate in the drill taking place in the Sea of Japan. This would be the first time both Russian forces take part in the drill, state newspaper Global Times cited military observers as saying. Gromkiy and Sovershenniy, two Russian warships taking part in the Sea of Japan drill, had earlier this month conducted separate training with the Chinese navy in Shanghai on formation movements, communication and sea rescues. Chinese military Chief of Joint Staff Liu Zhenli and Russia's top soldier, Chief of General Staff Valery Gerasimov made the same pledge during a video call in June.

Persons: Gromkiy, Vladimir Putin, Xi Jinping, Li Shangfu, Nikolai Yevmenov, Liu Zhenli, Staff Valery Gerasimov, Yew Lun, Jamie Freed Organizations: Russian, Global Times, China's, Staff, Thomson Locations: BEIJING, Russian, Japan, China, Russia, Ukraine, Beijing, U.S, Qingdao, Shanghai, Taiwan, Taipei, Tokyo, United States

☆ Tesla is laying off a bunch of its Shanghai Gigafactory workers, weeks after Elon Musk visited and praised their hard work
▼ + stars: | 2023-07-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Tesla is laying off some staff at the Shanghai Gigafactory, Bloomberg reported. Tesla is laying off some staff at its Gigafactory in Shanghai, Bloomberg reported, five weeks after Elon Musk praised them. A video of the world's richest person giving a late-night speech to his Tesla staff was then shared by the Chinese state newspaper Global Times. Before leaving on a private jet back to the US, Musk also purchased burgers and soft drinks for 100 of the Gigafactory workers. Tesla workers then criticized Musk on Chinese social media, and some people even complained to his mom on Twitter.

Persons: Tesla, Elon Musk, Musk, It's, Musk's, who've Organizations: Shanghai Gigafactory, Bloomberg, Morning, Shanghai, Global Times, Reuters, China Passenger Car Association, CNN, Twitter Locations: Shanghai, China

☆ China's Baidu says its new AI beat ChatGPT on some metrics
▼ + stars: | 2023-06-27 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

Baidu said in a statement on Tuesday that Ernie 3.5, the latest version of its Ernie AI model, had surpassed "ChatGPT in comprehensive ability scores" and outperformed "GPT-4 in several Chinese capabilities". The Baidu announcement comes amid a global AI buzz kicked off by ChatGPT that has spread to China, prompting a flurry of domestic companies to announce rival products. Baidu was the first big Chinese tech company to debut a AI product to rival ChatGPT when it unveiled its language AI Ernie Bot in March. Ernie Bot, built on Baidu's older Ernie 3.0 AI model, has been in invite-only tests for the past three months. Other big Chinese tech firms, including Alibaba Group (9988.HK) and Tencent Holdings (0700.HK), have all since revealed their respective AI models.

Persons: China's, Baidu, Ernie, OpenAI, ChatGPT, Ernie Bot, Josh Ye, Himani Sarkar Organizations: Baidu Inc, HK, Microsoft, China Science Daily, Baidu, Alibaba, Tencent Holdings, Thomson Locations: HONG KONG, Beijing, China

☆ Alexandria building collapse: Child among four killed
▼ + stars: | 2023-06-27 | by ( Kareem El Damanhoury | ) edition.cnn.com time to read: +2 min

CNN —At least four people, including a child, have died and four others were injured after a building collapsed in the Egyptian city of Alexandria on Monday, state newspaper Al-Ahram reported. Three victims of the collapse have been identified. So, I walked a few steps forward to find the ceiling falling along with them [my mother and brother]. I was facing the sky and they were down.”Workers put out a small fire after Monday's collapse, a live stream showed. About 7,000 old, inhabited buildings in Alexandria are at risk of collapse, Al-Ahram reported, citing a member of Egypt’s House of Representatives.

Persons: Ahram, Abdullah Mahfouz, Mostafa Othman, Hamdy El, Mohamed El Sherif, Mohamed Ahmed, “, ” Organizations: CNN, Al, Getty, ” Workers, Hazem, Egypt’s Locations: Egyptian, Alexandria, Al, Xinhua, Hazem Gouda, AFP

☆ China may cut rates further in H2, government researcher says
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

BEIJING, June 6 (Reuters) - China will likely further cut banks' reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors and economists. China's economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the second. Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank, told the state newspaper that low inflationary pressures in China will provide room for monetary easing. China can consider further rate cuts and target the reserve requirement ratio (RRR) cuts to lower lending costs, said Zhang. Li Chao, chief economist at Zheshang Securities, also expects potential rate cuts and RRR cuts in the second half of this year, the report said.

Persons: Zhang Ming, Zhang, Li Chao, Ziyi Tang, Ryan Woo, Shri Navaratnam Organizations: China Securities, Chinese Academy of Social Sciences, Zheshang Securities, U.S . Federal Reserve, United, Thomson Locations: BEIJING, China, Beijing, United States

☆ Elon Musk told Chinese Tesla workers in a late night speech that their hard work 'warms my heart' — 6 weeks after some complained about bonus cuts
▼ + stars: | 2023-06-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

He told them their hard work "warms my heart" and is "very important" for the world. In a late night speech, Elon Musk told Tesla workers at the Shanghai Gigafactory that their hard work "warms my heart." "I just want to let you know, it warms my heart," Musk said, tapping his chest before a fist pump. Tesla workers then criticized Musk on Chinese social media, and some people even complained to his mom on Twitter. Musk told CNBC he sleeps around six hours a night, and according to Jimmy Soni's book "The Founders," Musk was "perpetually sleep-deprived" at his first startup, Zip2.

Persons: Elon Musk, It's, Musk, Shanghai Gigafactory, he's, Tesla, He's, Jimmy Soni's Organizations: Tesla's Shanghai Gigafactory, Shanghai, Global Times, Reuters, Twitter, San Francisco, CNBC, Bloomberg Locations: China, San José del Cabo, Mexico, Shanghai

☆ Ancient tombs and large mummification workshops unearthed in Egypt
▼ + stars: | 2023-05-29 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +3 min

CNN —Egypt has announced the discovery of two of the largest workshops ever used to mummify human and animal corpses in ancient times. “Today, we announce the discovery of the two biggest mummification workshops for humans and animals at the Saqqara Necropolis. Amr Abdallah Dalsh/ReutersArchaeologists unearthed tools used by ancient Egyptians to dissect bodies to remove internal organs alongside the canopic jars used to preserve internal organs, Waziri said. ‘Beautiful tombs’Alongside the two workshops, archaeologists also came across “one of the most beautiful tombs” in the necropolis, according to Waziri. In January 2021, archaeologists uncovered a plethora of ancient treasures in Saqqara, including ancient coffins, burial sites and a funeral temple.

☆ Tim Scott, prominent Black conservative, is one step closer to joining other Republicans in challenging Trump for the 2024 nomination
▼ + stars: | 2023-04-12 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

"Our country is once again being tested," Scott, the only Black Republican in the Senate, said in a 3-minute video announcement. Once he does so, he'll be the fourth Republican to enter the Republican primary contest against former President Donald Trump. Nikki Haley of South Carolina announced that she was appointing then-Rep. Tim Scott to the Senate on December 17, 2012. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. Haley, who was South Carolina governor at the time, appointed Scott to the seat in 2013 after then-Sen. Jim DeMint resigned.

☆ Opinion: Why expelling me from the legislature backfired on Tennessee Republicans
▼ + stars: | 2023-04-12 | by ( Justin J. Pearson | ) edition.cnn.com time to read: +7 min

Editor’s Note: Tennessee Rep. Justin J. Pearson is a Democrat and former community activist in Memphis. And yet, calls for common sense gun reform measures fall on deaf ears in our legislature where a Republican supermajority is wildly out of step with most people’s values. People in Tennessee aren’t even required to purchase a permit to publicly carry guns in the state of Tennessee. And we are required by the Tennessee State Constitution to object to policies injurious to the well-being of our constituents. My constituents sent me to the Tennessee State House to continue this work in their name.

☆ North Korea claims that in 1 day, 800,000 youths just up and decided to voluntarily join its army and fight the US
▼ + stars: | 2023-03-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea on Sunday claimed that 800,000 young people signed up to join the military in one day. Even if this were true, it doesn't necessarily mean Pyongyang's army has 800,000 new soldiers, an expert says. Even if North Korea did recruit 800,000 army personnel in a day, it may not mean that its military strength will increase by that amount, Gordon Kang, who researches North Korea at the East Asia Institute in Singapore, told Insider. On Sunday, North Korea launched another missile test that flew an estimated 500 miles east and fell into the ocean. North Korea currently has an estimated 1.15 million active-duty troops, including 950,000 army personnel, according to the CIA.

☆ North Korea claims almost 800,000 people have signed up for military to fight against US
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

SEOUL, March 18 (Reuters) - North Korea claims that about 800,000 of its citizens volunteered to join or reenlist in the nation's military to fight against the United States, North Korea's state newspaper reported on Saturday. About 800,000 students and workers, on Friday alone, across the country expressed a desire to enlist or reenlist in the military to counter the United States, the Rodong Sinmun newspaper reported. The North's claim came after North Korea on Thursday launched its Hwasong-17 intercontinental ballistic missile (ICBM) in response to ongoin0g U.S-South Korea military drills. North Korea fired the ICBM into the sea between the Korean peninsula and Japan on Thursday, hours before South Korea's president flew to Tokyo for a summit that discussed ways to counter the nuclear-armed North. Kim accused the United States and South Korea of increasing tensions with the military drills.

☆ North Korea claims almost 800,000 have signed up to fight against US
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

SEOUL, March 18 (Reuters) - North Korea claims that about 800,000 of its citizens volunteered to join or reenlist in the nation's military to fight against the United States, North Korea's state newspaper reported on Saturday. About 800,000 students and workers, on Friday alone, across the country expressed a desire to enlist or reenlist in the military to counter the United States, the Rodong Sinmun newspaper reported. The North's claim came after North Korea on Thursday launched its Hwasong-17 intercontinental ballistic missile (ICBM) in response to ongoing U.S-South Korea military drills. North Korea fired the ICBM into the sea between the Korean peninsula and Japan on Thursday, hours before South Korea's president flew to Tokyo for a summit that discussed ways to counter the nuclear-armed North. Kim accused the United States and South Korea of increasing tensions with the military drills.

☆ Iran prison fire death toll rises as protests rage
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +4 min

Iran's judiciary said all the victims of the prison blaze had been held in a section of the prison designated for prisoners of robbery-related crimes. Evin also holds political prisoners and many detainees facing security charges, including Iranians with dual nationality. State media reported on Sunday that the first four deaths had been caused by smoke inhalation and that more than 60 had been injured, four of them critically. Iran, which has blamed the violence on enemies at home and abroad, denies security forces have killed protesters. State media said on Saturday at least 26 members of the security forces had been killed by "rioters".

☆ Wisconsin lawyer suing over fake elector plot wants to probe Ron Johnson’s Jan. 6 communications
▼ + stars: | 2022-10-14 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

Johnson has since said that he knew nothing of a fake elector scheme, which is now part of a sprawling federal investigation. The Wisconsin lawsuit alleges that Troupis was a link between the Trump campaign and the fake electors, and allegedly relayed the strategy behind the scheme to Trump allies in Wisconsin. “He’s changed his story a couple of times on handing off fake electors to the vice president or trying to,” Franken said in an interview with NBC News. After Pence’s staff told Johnson’s aide not to give them the slate of electors Jan. 6, Johnson said he informed Troupis. At a recent event at the Milwaukee Rotary Club, Johnson was asked about his actions around Jan. 6.

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