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The US Navy faces critical shipbuilding problems that could hobble it in a war with China. China's commercial and military shipbuilding capacity overshadows the rest of the world. China has pursued shipbuilding dominance over the past few years, building a massive naval fleet. Long-term investments and solutions are needed to fix the US Navy's shipbuilding problems. US Navy photo by Mass Communication Specialist Seaman Erwinjacob Miciano/ReleasedThe US Navy's shipbuilding woes aren't new, and there simply isn't a quick fix.
Persons: Shelby Oakley, Oakley, Paula Zorensky, Gerald R, Petty, Alex Smedegard, Bryan Clark, who's, Mackenzie Eaglen, Seaman Wesley J, Bryan McGrath, Matthew Funaiole, McGrath, Seaman Erwinjacob Miciano, Lisa Franchetti, Franchetti, John Harris, Campbell Organizations: US Navy, US, Getty Images China, Newport News Daily Press, TNS, Navy, Huntington Ingalls Industries, General Dynamics, Marinette Marine Corporation, of, Pentagon, USS Enterprise, Getty Images Navy, Shipbuilders, GAO, Shelby, Norfolk Naval Shipyard Shipbuilders, Shipbuilders Council of America, Ford, Columbia, Hudson Institute, American Enterprise Institute, Communication, Jiangnan Shipyard, Shipyards, China State Shipbuilding Corporation, China Power, Center for Strategic, International Studies, People's Liberation Army, of Naval Intelligence, Technological, Department of Defense, Pacific . US Locations: China, US Navy, Virginia, Columbia, Shelby West, Jiangnan, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Taiwan, Pacific, Japan, South Korea
Spy mania in Russia has created an environment that's stifling innovation, sources told BI. "You do have an inhibition on risk-taking, innovation," Portes told BI on the intensifying pursuit of foreign agents in Russia. Russia's economy is showing some signs that the kind of risk-taking associated with innovation and entrepreneurship is on the decline. Innovation in Russia has fallen behind the nation's level of development, according to a 2024 ranking from the World Intellectual Property Organization. We have plenty of examples in history where a war economy can keep on going, even though everything is crumbling around it.
Persons: , Ivan Pavlov, Pavlov, Richard Portes, Portes, Sergei Guriev, Guriev, Constant Organizations: Service, Human Rights Watch, London Business School, Intellectual, Organization, Russian, Russia, World Bank Locations: Russia, Russian, Europe, Moscow, Ukraine
Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."
Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, , Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America
AdvertisementA power pendulum is constantly swinging back and forth between employers and employees, guided by market forces and an ever-changing economy. Other times, employers have the power to set workplace norms, and workers are better off keeping their heads down. The cyclical nature of shifting workplace power does swing back and forth between employers and employees, but not automatically. AdvertisementThink of it as a supply-demand phenomenon: Whenever the labor market gets tight, and employer demand for workers exceeds the number of available workers, employees gain greater choice and, thus, power. Dorothea LangeA mere three decades later, however, the power pendulum swung back toward workers with The New Deal, which included unemployment relief and minimum wage legislation, among other worker rights.
Persons: , Arne Kalleberg, Kalleberg, Dorothea Lange, COVID, Gerald Davis, Ward, there's, JOSEPH PREZIOSO, it's Organizations: Service, Business, University of North, Chapel Hill, Systems, University of Michigan, Vanishing American Corporation, Employers, Getty, Healthcare, Workers Locations: University of North Carolina, United States, AFP
Read previewTanking share prices, excess stock flooding outlets, a slowdown in once-reliable China: 2024 has been a tough year for luxury brands. AdvertisementTo find relief from high luxury prices, those consumers are turning to midlevel brands like clothing store Zara and jewelry brand Pandora, which are thriving. "It is acceptable for people to buy accessories with luxury brands and then buy apparel at Zara." Advertisement"With these other product ranges apart from charms, they think they are benefiting from the downtrading of consumers," Sokolova said. The trick for both Zara and Pandora will be maintaining their appeal when aspirational consumers can once again spend on luxury.
Persons: , Gucci, Claire Tassin, Tassin, Levato, Kering, Louis Vuitton, LVMH, TK, Jelena Sokolova, Michael Kors, Zara, Pandora, it's, Sokolova, It's, Pamela Anderson, Tiffany Organizations: Service, Business, Morning, Brands, Bain & Company, Gucci, Morningstar, Cartier Locations: China, Spanish, Danish, Paris, Morocco, Portugal, Turkey, Europe, Zara
After eight years of threatening to repeal the Affordable Care Act, more commonly known as Obamacare, former President Donald Trump still doesn’t have a comprehensive plan to replace it. People in the U.S. pay roughly twice as much for health care than any other nation on earth. But is it feasible to create a new health care law that reduces the escalating costs? “Right now, Obamacare is the status quo in health care,” said Larry Levitt, executive vice president of health policy at KFF, a nonprofit group that researches health policy issues. Harris has committed to extending the subsidies; Trump has remained silent.
Persons: Donald Trump, , John A . Graves, , Kamala Harris, Trump, ” Trump, , Larry Levitt, ” Levitt, Graves, Gerard Anderson, ” Graves, Jill Horwitz, David Sanders, “ We’ve, we’ve, ” Horwitz, Horwitz, Harris, Levitt, “ Trump, that’s Organizations: Trump, Vanderbilt University School of Medicine, U.S . Department of, Treasury, Congressional, “ Republicans, ACA, Republicans, Republican, Committee, House Republicans, Johns Hopkins University Bloomberg School of Public Health, Budget, Affordable, Law, Medicine, UCLA School of Law Locations: United States
The U.S. lawsuits filed in DC Superior Court Monday shine a spotlight on the supply chains of some U.S. companies operating in the Mexican avocado industry. Reuters could not independently verify the accounts from the local residents or Climate Rights International’s findings. “They have even gone to destroy avocado orchards,” said Claudia Alejandra Sanchez, an activist for Michoacán’s Purepecha Indigenous people. Reuters reviewed copies of letters shared by Climate Rights International. Most of those companies have publicly pledged to adhere to sustainable supply chains in compliance with local laws.
Persons: Del, Richman, Mexico Ken Salazar, avocados, , Claudia Alejandra Sanchez, Michoacán’s, Guardian Forestal, ’ avocados, ” Daniel Wilkinson, Climate Rights International’s, Alejandro Mendez, Savas Melchor Gómez, deforest, Alfredo Ramírez, ” Ramirez Organizations: Reuters, U.S, Organic Consumers Association, Inc, Produce Inc, West Pak, DC, Rights, Climate Rights International, Richman Law, U.S . Department of Agriculture, Climate Rights, Residents, Foods, Costco, Guardian, Pak, Trade, Locations: Madero, Mexico’s, United States, Minnesota, U.S, West, Irvington, N.Y, Mexico, Washington, Michoacán, Jalisco
Don’t Tell My Friends, But… is a seriesin which we asked Times columnistswhateveryone else is wrong about. On its face, there’s nothing necessarily political about the mantra that the customer is always right. But the idea that the customer is always right also contains a worldview, a kind of market fundamentalism that typifies much of the American right today. The problem starts when our decisions aren’t merely subjective — that is, when questions of truth, moral or factual, are involved. Students today, whose parents often pay fortunes for their education, are treated like valuable customers, not lowly apprentices.
Persons: , didn’t, , Walter Cronkite, That’s, It’s, Hadrian, , Marguerite Yourcenar, there’s Organizations: Conservatives, University curriculums, Liberal, Yale, Princeton Locations: United States
But while some pundits have argued his speech showed he is more subdued and humble in the wake of last week's failed assassination attempt against him, others aren't so sure he's changed at all. And some political scientists and experts on authoritarianism warn Trump could become even more radical after his near-death experience. We are one nation under God, indivisible, with liberty and justice for all," Trump told the RNC crowd as he briefly read messages promoting unity from a teleprompter. Not everyone is certain Trump will change much in the wake of his assassination attempt — for better or for worse. If the assassination attempt does change Trump, the effects may not be immediately apparent — though they are worth being on the lookout for.
Persons: Donald Trump, week's, Trump, Joe Biden, Elizabeth Bennion, Hulk Hogan, Eric Trump's, haven't, Bennion, Timothy Snyder, Snyder, Ruth Ben, Ghiat, Ben, Recep Tayyip Erdogan, Benito Mussolini's, , Michael Green, didn't, Green, they've, it's Organizations: Service, Republican National Convention, Business, RNC, Indiana University, GOP, Trump, Yale University, New York University, of Democracy and, Defense, University of Nevada Locations: Indiana University South Bend, Turkey
Bloomberg | Bloomberg | Getty ImagesBEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing. "For real estate markets, I don't think it should be a focus of the plenum, because it's already [in a] state that everyone has a consensus [on]," Wang said. watch nowIn his view, excessive growth of the financial sector was behind the hollowing out of the U.S. industrial sector. "Consequently we must constrain the financial industry, including real estate. That's the underlying reason for tightened regulations on both real estate and finance."
Persons: Larry Hu, Hu, Xi Jinping, Deng Xiaoping's, Dan Wang, She'll, it's, Wang, hasn't, Yao Yang, Yao, Goldman Sachs Organizations: Chinese Communist Party, Bloomberg, Getty, BEIJING, Communist Party of, Macquarie, CNBC, Central Committee, Communist Party, Party, President, Hang Seng Bank, HSBC, HSBC It's, Committee, China Center for Economic Research, Peking University, U.S, China Morning Post, Financial Regulatory Administration, World Bank, Big Data Locations: Communist Party of China, Beijing, China, United States, Big Data China
Polls have predicted that the election could be a major turning point, with the center-left Labour Party expected to unseat the right-wing Conservative Party, possibly with a crushing landslide. Credit... Andrew Testa for The New York TimesImage Portsmouth town center. Credit... Andrew Testa for The New York TimesImage England flags and election posters for the Reform U.K. candidate on Kingston Road, Portsmouth. Credit... Andrew Testa for The New York TimesSome formerly stalwart Conservative supporters said they were rethinking their vote. But others defended the Conservative Party.
Persons: , , Sam Argha, Andrew Testa, Penny Mordaunt, King Charles III, Ms, Mordaunt, Liberal Democrats —, Grahame Milner, Milner, Mr, Tracy Patton, It’s, Daisy Quelch, Kiran Kaur, Quelch, Margaret Thatcher, Nigel Farage, Andrew Revis, Kerry Harris, Shanice Bakes, gestured, Harris Organizations: Conservative, Labour Party, Conservative Party, Portsmouth, The New York Times, The New York, Labour, Liberal Democrats, Conservatives, Navy, Residents, National Health Service, European Union, Reform, Reform U.K Locations: Portsmouth, strollers, Britain, England, Southsea, Dixie’s, Kingston, Credit, Ukraine, Iceland
I remember the hollowing sensation I felt on June 24, 2022, the day that the Supreme Court deemed that abortion was not a protected right under the U.S. Constitution. Everyone — on both sides of this debate — knew that women’s lives across the country were going to be drastically transformed. Since then, a lot of attention has been paid to the most heart-wrenching cases, but this decision affects all women’s bodily autonomy across the country. I returned to my hometown, Memphis, to make a short film outside a building that once offered abortion services. In Tennessee abortion is banned, with no exception for rape and very limited medical exceptions that are being debated in state court.
Persons: , Kimberly Looney Organizations: Supreme, U.S, U.S . Constitution Locations: U.S ., Memphis, Tennessee, North Mississippi, Carbondale, Ill
China's Defense Minister Dong Jun speaks during the 21st Shangri-La Dialogue summit in Singapore on June 2, 2024. Nhac Nguyen | AFP | Getty ImagesSINGAPORE — China's defense minister, Adm. Dong Jun, vowed that anyone who aims to separate Taiwan from China will face "self-destruction." "Anyone who dares to separate Taiwan from China will only end up in self-destruction," he said. In response to questions, Dong reiterated China's position that Taiwan is part of China and said Beijing is committed to peaceful reunification. "These kinds of behavior sends very wrong signals to the Taiwan independence forces and make them become very aggressive.
Persons: Dong Jun, Nhac Nguyen, Dong, Lai Ching, , Bastian Giegerich, Ferdinand Marcos Jr, Thomas Shoal Organizations: China's, AFP, Getty, SINGAPORE, Democratic Progressive Party, Abrams, U.S, International Institute for Strategic Studies, Liberation Army Locations: Singapore, Taiwan, China, Beijing, U.S, Philippine, South, Philippines, Manila
Instead, it's drawing a feed of blistering, high-pressure, vaporized water from a century-old loop of steam pipes that runs beneath the city's streets. Like dozens of cities, New York has a loop of steam pipes under its streets that could help reverse the urban doom loop. Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesIn July, Vicinity is installing what will be the nation's first zero-carbon urban steam loop. AdvertisementThe most convincing evidence that steam loops make economic sense comes from who's getting into the district-energy game. Meaning: Can we use steam loops to fix the urban doom loop before the climate doom loop dooms us all?
Persons: I've, Nobody, Francisco, Kevin Hagerty, Lindsey Nicholson, Blake Ellis, Burns, McDonnell, Tim Danz, it's, Danz, Hagerty, Decarbonizing, COVID, Costa Samaras, They'll, Adam Rogers Organizations: California, Vicinity Energy, Getty, Cal, Antin Infrastructure Partners, KKR, Scott Institute for Energy, Innovation, Carnegie Mellon, Business Locations: Francisco, California, New York City, Boston, Washington, New York, England, Chicago, Miami, San Diego, Portland, Milwaukee
Unlike previous Iranian presidents, Raisi seemed content to serve as an empty vessel that carried out the reactionary policies of Supreme Leader Ali Khamenei, the final arbiter on policymaking. So, when foreign dignitaries from a whopping 68 countries gathered for Raisi’s funeral on Thursday, they may not have been preoccupied with thoughts of the late president. Iranians follow a truck carrying the coffins of the late President Ebrahim Raisi and his companions during a funeral ceremony in Tehran, Iran. “This (funeral) is a way for countries to show the progress they have made in repairing relations with Iran,” said Parsi. He could also decide to change tack, opening it up so that Iran’s next president enjoys broad popular support.
Persons: Ebrahim Raisi’s, Raisi, Ali Khamenei, Hassan Rouhani, Mahmoud Ahmadinejad –, Qassem Soleimani, Quincy Institute Trita Parsi, , Ismail Haniyeh, Ebrahim Raisi, Majid Saeedi, Donald Trump, , Khamenei, , ” Mohammad Ali Shabani, Amwaj.media, CNN’s Becky Anderson, that’s Organizations: CNN, Quincy Institute Trita, United Arab, Getty, Obama, country’s Guardian Council, Supreme Locations: East, Iran, ” Washington, Gaza, Tehran, Israel, Damascus, Turkey, India, China, Saudi Arabia, United Arab Emirates, UAE, Kuwait, Europe, Islamic Republic, country’s
Drew Angerer | Getty ImagesThis reported column is Part Two of Eamon Javers' two-part series on the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. In Part One, Javers introduces readers to the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, February 25, 2022. Cass counts among his allies several well respected conservative economic thinkers. "It's economic policy that emerges not from good economics, but from politics and the culture war and what your base wants," he said.
Persons: Vance, Sen, Josh Hawley, Drew Angerer, Eamon Javers, Donald Trump, Javers, WASHINGTON —, Trump, Sohrab Ahmari, Ahmari, Donald Trump's, , We've, Oren Cass, , Marco Rubio, Tom Cotton, Republican Marco Rubio, Octavio Jones, Cass, Robert Lighthizer, Lighthizer, James Pethokoukis, Pethokoukis, Joe Biden —, Biden, Kahn, Lina Kahn, Lina Khan, Tom Williams Organizations: Republican, U.S, Senate, GOP, Wall Street Journal, Security, African American, Trump coalition, National Labor Relations, American, Conservative Political, Reuters, CNBC, United States Trade, Trump, American Enterprise Institute, Democratic, Big Tech, Biden's Federal Trade Commission, Financial Services, General Government, Federal Trade Commission, Cq, Inc, Getty Locations: Ohio, Cuyahoga Falls , Ohio, America, Washington, Ukraine, Vance ( Ohio, Fla, Mo, Washington . U.S, Orlando , Florida, Biden's, Rayburn
New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.
Persons: Tom Brady, John Mulaney’s “, , Bela Bajaria, , Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York
New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.
Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong
Soweto, South Africa CNN —Seth Mazibuko strides into the intersection of Moema and Vilakazi Street in Soweto, gesturing to the spot that changed South African history. Cars are used as roadblocks on June 21, 1976, during unrest in Soweto, South Africa, stemming from protests against the use of Afrikaans in schools. But as South Africans celebrate 30 years of democracy this week, many educators and activists believe that there is a crisis hollowing out the country’s education system – a crisis that threatens democracy’s hard-fought gains. Despite substantial education funding, South African students consistently rank among the lowest in global assessments of literacy and numeracy skills. South Africa has the highest unemployment rate in the world and many university graduates struggle to enter the workforce.
Persons: South Africa CNN — Seth, , Mazibuko, Mike Mizleni, Prince Mulwela, Angie Motshekga, Motshekga, Nelson Mandela, Walter Dhladhla, it’s, Ann Bernstein, Bernstein, Morris Isaacson, , , , General, Mbali Msimanga, Atlegang Alcock, Mandela Organizations: South Africa CNN, Black South, Getty, Keystone, Hulton, , Morris Isaacson High School, CNN, South, Basic, African National Congress, ANC, of Development, Enterprise, Corruption, South African Democratic Teachers Union, Cape Town Locations: Soweto, South Africa, Moema, gesturing, AFP, Africa, Canada, Kenya, Oshlange, Black, Durban, South Africa's, Johannesburg, Robben, Cape
Gavin Newsom of California ordinarily have little in common. One is a conservative think tank in Arizona, the other a Democrat leading one of the nation’s most liberal states. On Monday, the Supreme Court will consider an Oregon case that could reshape homelessness policy nationally. On its face, The City of Grants Pass v. Johnson asks how far cities can constitutionally go to restrict sleeping and camping in parks and on sidewalks. Advocates for homeless people, the American Psychiatric Association and several left-leaning states, including New York, Illinois and Minnesota, argue that criminalizing homelessness only worsens the problem.
Persons: Gavin Newsom, Johnson, Daniel Bress, Timothy Sandefur, , Newsom, Organizations: Goldwater Institute, Gov, Democrat, ., Appeals, Ninth Circuit, Democratic, Republican, American Psychiatric Association, Circuit, Arizona State Capitol, , ‘ Raiders Locations: California, Grants, Arizona, Oregon, The City, San Francisco, New York , Illinois, Minnesota, Phoenix, Oakland
400,000 Men at each age 200,000 Age: 15 25 35 45 55 65 75 85 95Can Ukraine Find New Soldiers Without Decimating a Whole Generation? Healthy men under age 30, the backbone of most militaries, are part of the smallest generation in Ukraine’s modern history. Mr. Zelensky’s decision to draft men starting at age 25 risks further diminishing this small generation of Ukrainians. But the lower draft age risks shrinking a small generation even more. And in occupied areas of the country Russia is conscripting Ukrainian men to fight against Ukraine, starting at age 18.
Persons: Volodymyr Zelensky, birthrates, thein, , Oleksandr Gladun, it’s, , Serhiy Hrabsky, Gladun, Organizations: Boys, United Nations, Ptukha, Social Studies, European Union, Eurostat, Ukraine Locations: Ukraine, United States, Soviet Union, Russia, Europe
He had planned to lead a team of 15 local journalists reporting on the eclipse. Journalists at The Democrat & Chronicle have worked without a contract since 2019, said Susan DeCarava, president of the NewsGuild of New York, the union that represents them. Workers also seek a policy regarding the ethical use of artificial intelligence in reporting and writing articles, Mr. Craig said. “We had this incredible story that would touch a lot of people in our community,” Mr. Craig said. “Hopefully we’ll be back at the negotiating table tomorrow morning,” Mr. Craig said.
Persons: “ I’m, I’m, , Gary Craig, Susan DeCarava, “ Gannett, Ms, DeCarava, Craig, ’ bylines, , ” Amy Garrard, ” Mr, we’ll Organizations: Democrat, Chronicle, Gannett, Journalists, The Democrat, The New York Times, ” Gannett, USA, Workers Locations: Rochester , N.Y, New York, newsrooms, United States, Rochester
In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million. And in Washington, a 12-story building that mixes office and retail space three blocks from the White House that sold for $100 million in 2018 recently went for just $36 million. Such steep discounts have become normal for office space across the United States as the pandemic trends of hybrid and remote work have persisted, hollowing out urban centers that were once bustling with workers. But the losses are hitting more than just commercial real estate investors. Cities are also starting to bear the brunt, as municipal budgets that rely on taxes associated with valuable commercial property are now facing shortfalls and contemplating cutbacks as lower assessments of property values reduce tax bills.
Organizations: House Locations: San Francisco, Chicago, Washington, United States
Eating regular, healthy meals, especially shared with loved ones , has also been linked with healthy aging, Thornton-Wood said. Strength training also helps minimize the loss of bone density, which is important for healthy aging, Worthington said. In particular, if you have a strong family history of heart disease, it's important to lay the foundation for a proactive heart health plan now." The American Heart Association recommends following the DASH diet , which stands for Dietary Approaches to Stop Hypertension, for heart health. AdvertisementShe said that giving up smoking is the single most important thing you can do for your heart health.
Persons: It's, , Bryan Johnson, Elaine LaLanne, it's, Clare Thornton, Wood, Thornton, Luke Worthington, Worthington, Nicole Harkin, Harkin, Joanne Whitmore, Whitmore, Charles Puza, Puza, Dale Bredesen, Bredesen Organizations: Service, Business, Getty, Disease Control, Cardiology, American Heart Association, British Heart Foundation, American Academy of Dermatology, Buck Institute for Research, Aging Locations: Thornton, barre, San Francisco, New York, California
New York CNN —The digital media revolution is over. Its two leaders, Vice Media and BuzzFeed , are in a frenetic retreat, surrendering much of their online empires as they try to protect what remains of their core assets. The demise of Vice Media as we know it is a particularly hard pill to swallow. Ahead of the announcement, the mood inside Vice Media was grim. Dixon said in his note that Vice Media had determined it was “no longer cost-effective” for the company to distribute its digital content on its own.
Persons: , , they’re, I’m, Bruce Dixon, Benjamin Mullin, Dixon, Shane Smith Organizations: New York CNN, Vice Media, Media, Big Tech titans, Fortress Investment, Sports Locations: New York
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