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☆ Male loneliness epidemic: How fathers face a friendship deficit
▼ + stars: | 2023-09-18 | by ( Shannon Carpenter | ) edition.cnn.com time to read: +8 min

When it comes to male loneliness, social isolation hits dads particularly hard, author Shannon Carpenter writes. I’ve also experienced what has been called the male loneliness epidemic, and many dads tell me it has reached into fatherhood. The biggest question I get asked by fathers is how to find connection and friendship. How we think about fathers and fatherhoodToo often, fathers are portrayed as unnecessary idiots that complicate parenting rather than adding to the family. “We have to change the story of fatherhood,” Reeves said.

Persons: Shannon Carpenter, won’t, I’ve, “, Richard Reeves, that’s, ”, Reeves, ” Reeves, It’s, Men’s, Dad ” Organizations: CNN, Survey Center, Brookings Institution, National, Home Dad Network Locations: United States, Washington ,

☆ Sweden is the No. 1 country for affordability, safety and overall quality of life
▼ + stars: | 2023-09-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

U.S. News and World Report ranked the best countries in the world based on quality of life. U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. 1 country for quality of life: SwedenThe great square of Stortorget, in Gamla Stan Stockholm Sweden. After Sweden, Norway ranked as the second best country in the world for quality of life, according to the U.S. News and World Report. Canada ranked as the third best country based on quality of life, according to the U.S. News and World Report.

Persons: Michael Robinson, Alexander Spatari Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, Gamla Stan Stockholm, Sweden Norway Canada, CIA, Getty, Canada Locations: U.S, Sweden, Gamla Stan, Gamla Stan Stockholm Sweden, Sweden Norway, Sweden Norway Canada Denmark Finland Switzerland Netherlands Australia Germany New Zealand Norway, Norway, United States, Canada

☆ Opinion | The More They Lock Us Up, the Stronger We Become
▼ + stars: | 2023-09-16 | by ( Narges Mohammadi | ) www.nytimes.com time to read: +1 min

My fellow inmates and I were gathered in the women’s ward of Evin prison in Tehran one evening when we saw a television report of Mahsa Amini’s death. In the women’s ward, we were filled with grief — and rage. Other women’s wards also filled up. Other women have been sent to high-security wards, including Evin’s Section 209, run by the Ministry of Intelligence. A detainee who was transferred to Evin from Adelabad prison in Shiraz told us of hundreds of new female detainees in Adelabad.

Persons: Mahsa, —, we’d, Anger, Islamic Republic ”, Amini’s Organizations: Islamic, Ministry of Intelligence Locations: women’s, Tehran, Evin, Islamic Republic, Shiraz, Adelabad

☆ Can Joe Biden and a fistful of cash win rural America for Democrats?
▼ + stars: | 2023-09-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +9 min

Trump widened his lead among rural voters to 65% in 2020 from 59% in 2016. That includes $20 billion for rural health systems, $20 billion for clean-energy agriculture projects, $11 billion for rural electrification and $13 billion towards rural clean energy projects, the White House calculates. "You get out into the rural areas, and the folks are older and don't have the educational level. USDA data shows 21% of working-age adults in rural areas have at least a bachelor's degree compared to 37% in urban areas. "Biden and [Democratic] Maine Governor Janet Mills: they're too much bleeding hearts.

Persons: Joe Biden's, Andrea Shalal, Rhiannon Hampson, she's, Hampson, We've, Donald Trump, Trump, Barack Obama, Mark Brewer, Suzanne Mettler, Trevor Brown, Brown, Ron Kaufman, Kaufman, Mitt Romney, George H, Bush, Biden, Tom Perez, I'm, John Piotti, James Gimpel, Gimpel, Orange, Dick Bouchard, Janet Mills, Jared Golden, overplaying, TRUMP, Paul Tewes, Matt Hildreth, Nathan Layne, Heather Timmons, Suzanne Goldenberg Organizations: REUTERS, Rights, U.S . Department, Republicans, Democratic, Biden, Republican, Reuters Graphics Reuters, Trump, University of Maine, Cornell, Republican National Committee, Democratic National Committee, Political, Trust, Pew, Center for Information, Research, Civic, Tufts University . White, Family Foundation, Data, University of Maryland, Pew Research, DEMOCRATS Maine, Maine, Reuters, Democrats, Democratic Party, Thomson Locations: Waterville , Maine, U.S, Waterville, Presque Isle, America, North Carolina, Georgia, Wisconsin, Pennsylvania, Maine, Orono, Nebraska, Massachusetts, Utah, Maine's, Vietnam, Poland, Iowa, Ohio , Montana

Haynes, 30, had been arrested earlier in the day on murder charges relating to an Aug. 12 shooting in the district. His escape prompted a several-hour shelter-in-place order last week for the entire GW campus and brief roadblocks on nearby streets. Police were able to provide an image last week of Haynes wearing a black t-shirt and gray briefs and moving through a local backyard. There were so many new twists that the public became fixated on what's coming next," Levin said. But Haynes escaped in the midst of a large city not far from a subway station.

Persons: Danelo Souza Cavalcante, Christopher Haynes, Haynes, Brian Levin, ” Levin, ” Haynes, gurney, Pamela Smith, Levin, haven't, “, Bonnie, Clyde, John Dillinger, Face Nelson, ” Organizations: WASHINGTON, George Washington University Hospital, Police, California State University San Bernardino, Prison, Hollywood, Metropolitan Police Department, ” Police, MPD Locations: Pennsylvania, Cavalcante, Chester, Washington

☆ Top of the table clash gives Milan derby extra edge
▼ + stars: | 2023-09-14 | by ( Trevor Stynes | ) www.reuters.com time to read: +3 min

The match at the San Siro will be the first time since 1962 that the Milan sides meet while top of the table. But this Milan side are a different proposition from the team who put up such a disappointing defence of their league title last season. Preparations for the derby will mostly come down to the last few days with most of their starting players returning from international duty. Milan have a concern over Giroud after he went off injured in France's win over Ireland last week but are hopeful he can recover. Jose Mourinho's AS Roma, with just one point from three games, will try to kick-start their season when they host Empoli on Sunday.

Persons: Stefano Pioli, Massimo Pinca, San Siro, Stefano Pioli's, Tijjani Reijnders, Christian Pulisic, Ruben Loftus, Cheek, Pulisic, Rafael Leao, Loftus, Reijnders, Milan, Sandro Tonali, Olivier Giroud's, Lautaro Martinez, Martinez, Simone Inzaghi, Romelu, Eden Dzeko, Marcus Thuram, Luka Jovic, Fikayo Timori, Simon Kjaer, Jose Mourinho's, Trevor Stynes, Peter Rutherford Organizations: Soccer, Juventus, AC Milan, Allianz, Milan, Inter, Serie, Napoli, Lazio, San, Fiorentina, Champions League, Serie A's, France's, Ireland, Juve, Genoa, Lecce, Jose Mourinho's AS Roma, Empoli, Thomson Locations: Turin, Italy, Saturday's Milan, Milan, Newcastle, Monza

☆ These are the 10 best countries in the world for business, social purpose and more—the U.S. isn't in the top 3
▼ + stars: | 2023-09-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The U.S. News and World Report ranked the best countries in the world. This week, U.S. News and World Report released its ranking of the best countries in the world. The best country in the world: SwitzerlandFor the second year in a row, Switzerland is the best country in the world, according to the U.S News and World report. Canada ranked as the second best country in the world, according to U.S. News and World Report. 3 best country in the world, according to U.S. News and World Report.

Persons: Allan Baxter, Istvan Kadar, Stefan Cristian Cioata Organizations: U.S . News, . News, WPP, Wharton School, University of Pennsylvania, Entrepreneurship, Business Power, United, U.S News, Canada's, country's Federal Department of Foreign Affairs, Getty, Deutsche Bank, U.S, Canada Sweden Australia United, Canada Sweden Australia United States Japan Germany New Zealand United, Canada, CIA, Sweden Locations: U.S, United States, Switzerland, Zürich, Geneva, Basel, Portugal, Canada, Canada Sweden Australia United States Japan Germany, Canada Sweden Australia United States Japan Germany New Zealand United Kingdom Netherlands Canada, Russia, Numbeo, Sweden

☆ A Bathtub in the Kitchen? Not a Problem for New Yorkers.
▼ + stars: | 2023-09-12 | by ( Jess Eng | ) www.nytimes.com time to read: +1 min

Many New York City renters will recognize this scenario: You’re on your fourth apartment tour of the day when a broker unlocks the front door and ushers you into the kitchen. Often used as an example of what New Yorkers must endure, navigating an eccentric kitchen has become an experience that unites lifelong residents and uninitiated transplants. After the passage of the New York Tenement House Act of 1901, all residences were required to install a sink and bathtub to meet the city’s sanitation standards. In tenements across the Lower East Side and East Village, bathtubs fit only in the kitchen, often the apartment’s largest room. Despite these quirks, New Yorkers have found ways to make do — and even fall in love with — their wacky kitchens.

Persons: Kitchens Organizations: New Locations: New York City, York, Side

☆ Howard Safir, N.Y.P.D. Commissioner Under Giuliani, Is Dead at 81
▼ + stars: | 2023-09-12 | by ( Clyde Haberman | ) www.nytimes.com time to read: +1 min

Mr. Safir, who had a home in Annapolis, underwent double bypass heart surgery and was treated for prostate cancer while he was commissioner. Mayor Rudolph W. Giuliani put Mr. Safir in charge of the Police Department in 1996. The two men had known each other since the early 1980s, when Mr. Safir was a top figure in the United States Marshals Service and Mr. Giuliani was a senior Justice Department official. Two years earlier, upon becoming mayor, Mr. Giuliani had made his old colleague the fire commissioner. But in April 1996 Mr. Giuliani needed a new police commissioner to replace William J. Bratton, who had resigned after falling out of favor with City Hall, and it was clear that Mr. Safir’s primary assignment was to be his predecessor’s temperamental opposite.

Persons: Howard Safir, Adam, Safir, Rudolph W, Giuliani, Mr, William J, Bratton Organizations: Police Department, United States Marshals Service, Department, City Hall Locations: York, Annapolis, Md

☆ Congrats to New York workers: You may soon see just how underpaid you are
▼ + stars: | 2023-09-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Pay-transparency laws on the whole have helped companies develop healthier work environments, Ward said. AdvertisementAdvertisement"It can create a negative dynamic between new and old employees, and it can lead to really counterproductive comparisons of your peers, which ultimately demotivates those employees," Ward added. Over the past decade, dozens of laws were passed nationwide prohibiting employers from firing or reprimanding workers for publicly discussing salaries. Younger workers are more likely to discuss pay with their colleagues and friends — as well as on social media. Do you live in a state with pay-transparency laws?

Persons: they're, —, There's, Rachel Ward, We're, Ward, I've Organizations: Service, Orion Talent, Companies, Orion, Gartner, New York, Indiana Law Locations: York, Wall, Silicon, New York, California, Rhode Island, Washington, New York City, New, Indiana

☆ What to expect when Google faces the DOJ in the first major tech monopoly trial in decades
▼ + stars: | 2023-09-11 | by ( Lauren Feiner | ) www.cnbc.com time to read: +13 min

While the trial marks the tech sector's first major anti-monopoly proceeding in decades, Google is squarely in the middle of its antitrust battles. What the trial is aboutA key focus of the trial will be on two kinds of agreements Google has made with other companies. "The cases have very compatible theories, and the core message from both is that Google's monopoly power has been abused, harming competition and hurting consumers," Weiser said. Walker wrote that the abundance of places where consumers can use online search shows that Google hasn't foreclosed competition. In addition to experts like economists, expect to see Google executives called to the stand, potentially including CEO Sundar Pichai.

Persons: Sundar Pichai, Jonathan Kanter, It's, it's, Google's, Microsoft's Bing, Phil Weiser, Weiser, Elijah McClain, Aaron Ontiveroz, Bing, Global Affairs Kent Walker, Walker, Rebecca Haw Allensworth, Bill Kovacic, Tim Cook, Joe Biden, Anna Moneymaker, Allensworth, conscientiously, What's, Google's Walker, Lee Hepner, Matt Schruers, Bard, OpenAI, Schruers Organizations: US Department of Justice, Getty, Department of Justice, Microsoft, DOJ, Google, of, Apple, Microsoft's, CNBC, Aurora, MediaNews, Denver, Global Affairs, Insider Intelligence, Amazon, Vanderbilt Law School, George Washington University Law School, FTC, White House, Mozilla, American Economic Liberties, Computer & Communications Industry Association Locations: U.S, Europe, Eastern, of Virginia, Colorado, Washington , DC

☆ Which Crisis Should We Talk About First? - The New York Times
▼ + stars: | 2023-09-11 | by ( Gail Collins | Bret Stephens | ) www.nytimes.com time to read: +1 min

New York City alone is sheltering and feeding an average of 59,000 migrants a day. There are job openings many newcomers could fill in areas like food service, if they’re given the ability to work. And the federal government needs to give stressed-out regions — particularly New York City — a whole lot more help when it comes to housing. Over the long run, we absolutely have to open up options for multifamily housing in suburban areas that have long resisted it. The administration has expanded federal border resources in an effort to make processing families faster.

Persons: Bret Stephens, Gail, Biden, Gail Collins, Bret, I’m Organizations: Democratic Locations: New York City

☆ Seeing the U.S. Open in an Unusual Light
▼ + stars: | 2023-09-10 | by ( Karsten Moran | Photographs | ) www.nytimes.com time to read: +1 min

The U.S. Open, which I have covered for five years for The New York Times, has no shortage of opportunities for staggering visuals. But the event is, and this will come as no surprise to anyone who has attended, absolutely crawling with photographers. All of the major wire services have multiple photographers on site, as do many newspapers and magazines from around the world. And while we all bring something different to our profession that allows us to make unique pictures, I am always thinking of ways to capture the event in a different light. And infrared is, quite literally, different light.

Organizations: U.S, The New York Times

☆ Beyoncé wants everyone to wear silver and Etsy sellers are benefiting
▼ + stars: | 2023-09-09 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —The Queen, better known as Beyoncé, had a dress code in mind for Renaissance tour concert goers attending her “House of Chrome,” as she described her concerts. Unprecedented salesAt a pivotal moment during each concert, Beyoncé flicks her wrist and pans out her black handheld fan. A group of fans pose for a portrait before entering Beyoncé's Renaissance World Tour on Friday, Sept. 1, 2023 in Inglewood, CA. “I did not see them becoming my best seller, much less my by-far-best-seller, because of something as random as a concert tour,” Fritts said. That demand was quickly replaced with silver bedazzled shades earlier this month after Beyoncé’s silver announcement.

Persons: Etsy, Taylor, “, ” VenuezNVibez, ”, Beyoncé, Erin Fritts, she’s, Taylor Swift, it’s, ” Fritts, Jason Armond, Fritts, Sydney Baloue, ” Baloue, Tracy Swank, Swank, DaKeitha Bennett, I’ve, ” Bennett Organizations: New, New York CNN, Chrome, New York Times, CNN, Los Angeles Times Locations: New York, ”, Charlotte , North Carolina, Inglewood , CA, Florida, California, Baltimore, Etsy, Flint , Michigan

☆ Flexport CEO says he's rescinding job offer letters for candidates joining as soon as Monday: 'I have no ideas why more than 75 people were signed to join'
▼ + stars: | 2023-09-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Flexport CEO Ryan Petersen announced on X that the company was rescinding dozens of job offers. The rescinded job offers come after Petersen reclaimed his role as CEO on Wednesday. On Wednesday, former Flexport CEO Dave Clark announced he was leaving the company less than a year after departing from his role as CEO of Amazon's consumer business to join Flexport. AdvertisementAdvertisement"It's clear that important changes are needed to sustain our growth and return to profitability," Petersen wrote. Petersen, Clark, and a spokesperson for Flexport did not immediately respond to a request for comment.

Persons: Ryan Petersen, Petersen, Steve Jobs, Dave Clark, Clark, FreightWaves, Insider's Eugene Kim, Madeline Stone, he'd, Flexport Organizations: Service, Flexport, Flexport's, Wall Street Locations: Wall, Silicon

☆ Meta's block on Canadian news content led to an increase in news app downloads and usage
▼ + stars: | 2023-09-08 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Now, many news outlets are seeing an increase in downloads and usage of their apps. Meta's decision to block user access to news in Canada is not having an entirely negative effect on the country's major publishers. The Globe and Mail in August saw a 98% increase in app downloads and a 27% increase in daily users; CTV News saw a 157% increase in app downloads and an 83% increase in daily usage; La Presse saw a 32% increase in app downloads and an 8% increase in usage; and The National Post's downloads were up almost 10%, with daily usage up 3%. Meanwhile, CBC News saw downloads and daily usage remain relatively flat. "In recent weeks, we have seen an increase in CTV News app downloads, which demonstrates the importance of having access to online news from a Canadian perspective."

Persons: Similarweb, Justin Trudeau, Meta, Kali Hays Organizations: Facebook, CBC, The Globe, Mail, CTV, Meta, Canadian, Global News, National, Canada, Globe and, Presse, Globe, CTV News, CBC News, Bell Media, Bell, Twitter Locations: Canada, Canadian, Globe, Europe, Germany, France, khays@insider.com, @hayskali

The Federal Aviation Administration indicated Friday that it is moving toward requiring that planes be equipped with technology designed to prevent close calls around airports. The FAA asked an internal advisory panel to make recommendations on how to require systems that would alert pilots if they are lined up to land on the wrong runway or a taxiway, or when the runway they have chosen is too short. The FAA said the move is part of its effort to eliminate “serious close calls.” The National Transportation Safety Board has started investigations into seven such incidents since January. Planes typically have GPS-based systems that warn pilots if they are in danger of hitting the ground or an obstacle. He said the FAA move “sounds like a very good idea.”Preliminary reports about close calls this year point to pilot error in some cases and air controller mistakes in others.

Persons: ”, Douglas Moss, Moss, Chris Manno, ” Manno, Pete Buttigieg, “, Buttigieg, David Boulter Organizations: Federal Aviation Administration, FAA, Transportation, Honeywell, University of Southern, San Francisco International Airport, Air Canada, NTSB, San Diego International Airport, ”, Associated Press, Industry, U.S Locations: University of Southern California, Southwest

Envisioned two decades ago to add vibrancy and draw people to a place of devastation and mourning, the Perelman Performing Arts Center is finally arriving at a very different ground zero. Still, organizers believe the arts space, also called “PAC NYC,” has an important role to play in one of the most sensitive, historic spaces in the United States. “The performing arts center is kind of an amenity for a luxury neighborhood that they built,” said Todd Fine, who runs a advocacy business for historical preservation in lower Manhattan. Early on, the arts center was to house three established groups — two theaters and a visual arts museum — plus a new museum celebrating freedom. Then he came to see it as a step forward for the trade center and on a personal level, an embrace of living life fully.

Persons: It's, ”, Khady Kamara, “, Bill Rauch, Joshua Ramus, Mike Bloomberg, Ronald Perelman, “ There’s, ” Bloomberg, Laurence Fishburne, Jenna Bush Hager, Barbara Pierce Bush, ” Rauch, Kamara, Todd Fine, Rauch, Perelman, Craig Peterson, James Giaccone, Joseph Giaccone, ” Giaccone Organizations: Trade, Perelman Performing Arts Center, “ PAC, Performing Arts Center, Pentagon, Manhattan Cultural Council, Tuesday's Locations: United States, Pennsylvania, Afghanistan, Manhattan

☆ Two New Yorkers Hiked Up to the Hudson Valley With $700,000. Which House Was the Right Fit?
▼ + stars: | 2023-09-07 | by ( Karen Angel | ) www.nytimes.com time to read: +2 min

Unlike many recent New York City transplants, Dina Elachi and Victor Wong started looking for a house in the Hudson Valley in 2019, before the Covid pandemic supercharged the market. “We had been coming up here a lot for biking, hiking, rock climbing and ice climbing,” said Dr. Elachi, 36, a neonatologist and assistant professor of clinical pediatrics at New York-Presbyterian Hospital. “The area we were in wasn’t good for Wonton,” Dr. Elachi said. Of course, as Ms. Sweeney reminded them, “For most sellers, a lower down payment would not be a good thing. It was up to me to sell the story of allowing someone with debt to do what Americans want to do, which is own a home.”The search was “very exhausting,” Dr. Elachi said.

Persons: Dina Elachi, Victor Wong, ”, Elachi, Wong, Laurel Sweeney, Berkshire Hathaway, ” Ms, Sweeney, “ Organizations: Presbyterian Hospital, New, Berkshire Locations: New York City, Hudson, New York, Harlem, Korea, New Zealand, Ulster County

☆ China's Xpeng says German carmakers ready to tackle crisis as EV race hots up
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsMUNICH, Sept 6 (Reuters) - German carmakers are ready to tackle their worst crisis, an executive at Chinese EV maker Xpeng said on Wednesday, as China's carmakers expand overseas, putting pressure on Europe in the race to electrify. Globally, China leads EV sales, the latest data from tech industry researcher Counterpoint shows. The U.S. has the fastest growing EV sales with Germany in third place. "The Chinese companies are flooding into overseas markets like mushrooms, deepening their sense of crisis," Gu said. German Chancellor Olaf Scholz said EV competition from abroad should be a spur, not a worry for German carmakers.

Persons: Olaf Scholz, Hildegard Mueller, Markus Soeder, Angelika Warmuth, Xpeng, Brian Gu, Gu, Jia Jianxu, Zheng, Zhang Yan, Victoria Waldersee, Josephine Mason, Elaine Hardcastle Organizations: German Association of, Automotive, REUTERS, Rights, HK, IAA, EV, Germany, Reuters, Volkswagen, SAIC, Xuanyuan Academy, Germany's IAA, New Energy Vehicle Congress, Gang, Thomson Locations: Bavarian, Munich, Germany, Europe, Xpeng, China, U.S, Britain, France

☆ Japan launches X-ray satellite, ‘Moon Sniper’ lunar lander
▼ + stars: | 2023-09-06 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —A revolutionary satellite that will reveal celestial objects in a new light and the “Moon Sniper” lunar lander lifted off Wednesday night. The XRISM satellite (pronounced “crism”), also called the X-Ray Imaging and Spectroscopy Mission, is a joint mission between JAXA and NASA, along with participation from the European Space Agency and Canadian Space Agency. NASA Goddard Space Flight CenterAlong for the ride is JAXA’s SLIM, or Smart Lander for Investigating Moon. Previously, Japanese company Ispace’s Hakuto-R lunar lander fell 3 miles (4.8 kilometers) before crashing into the moon during a landing attempt in April. If SLIM is successful, JAXA contends, it will transform missions from “landing where we can to landing where we want.”

Persons: Ray, SLIM, Smart Lander, ”, Richard Kelley, James Webb, XRISM, Taylor Mickal, ” Kelley, “, Xtend, Brian Williams, NASA’s, Goddard, Ispace’s Organizations: CNN, Japanese Space Agency, YouTube, Ray Imaging, JAXA, NASA, European Space Agency, Canadian Space Agency, NASA Goddard Space Flight, Goddard Space Flight, Space Center, Soviet Locations: Japan, Greenbelt , Maryland, XRISM, United States, Soviet Union, China, India

☆ China's Xpeng says German carmakers ready to tackle crisis in EV race
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

Globally, China leads EV sales, the latest data from tech industry researcher Counterpoint shows. The U.S. has the fastest growing EV sales with Germany in third place. Chinese companies including Xpeng, BYD and Leapmotor (9863.HK) are seeking the higher margins and faster growth overseas markets can offer, which means they are challenging European companies on their home turf with cheaper models. "The Chinese companies are flooding into overseas markets like mushrooms, deepening their sense of crisis," Gu said. German Chancellor Olaf Scholz said EV competition from abroad should be a spur, not a worry for German carmakers.

Persons: Olaf Scholz, Hildegard Mueller, Markus Soeder, Angelika Warmuth, Xpeng, China's carmakers, Brian Gu, Gu, Mueller, ” Gu, “, ”, Jia Jianxu, Zheng, Zhang Yan, Victoria Waldersee, Josephine Mason, Elaine Hardcastle Organizations: German Association of, Automotive, REUTERS, Rights, HK, IAA, Automotive Industry, EV, Germany, Reuters, Volkswagen, SAIC, Xuanyuan Academy, Germany's IAA, New Energy Vehicle Congress, Gang, Thomson Locations: Bavarian, Munich, Germany, Europe, China, U.S, Britain, France

A Huge Threat to the U.S. Budget Has Receded. For decades, runaway Medicare spending was the story of the federal budget. Budget news often sounds apocalyptic, but the Medicare trend has been unexpectedly good for federal spending, saving taxpayers a huge amount relative to projections. In a recent letter to the Senate Budget Committee, economists at the Congressional Budget Office described the huge reductions in its Medicare forecasts between 2010 and 2020. Medicare is growing more slowly than ever, but still more quickly than the rest of the federal budget.

Persons: Ronald Reagan, Barack Obama, that’s, ”, David Cutler, Cutler, haven’t, I’ve, Melinda Buntin, Buntin, Simpson, Bowles, aren’t, Trump, Joshua Gordon, Mitt Romney’s, “, Sherry Glied Organizations: Medicare, ”, U.S, Budget, Harvard, Obama, Affordable, Senate, Congressional, New York Times, Office, White, Office of Management, Johns Hopkins, Social Security, Congress, Federal, Veterans, NASA, Wagner School Locations: Iraq, Afghanistan, N.Y.U, Washington

☆ The Fed cares a lot about jobs data — but it may be getting mixed signals
▼ + stars: | 2023-09-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

The answer matters a lot to Federal Reserve officials who closely monitor the labor market. Some Fed officials believe more rate hikes are needed to cool the labor market. But the gap between ADP and BLS data does not automatically narrow when comparing ADP to BLS estimates of only private-sector jobs. Between the two, it’s difficult to say which is a better predictor of the true state of the labor market. Ultimately, ADP and BLS data “become checks on each other,” she told CNN.

Persons: It’s, ” Nela Richardson, Richardson, Sarah House, ”, Erica Groshen, Groshen, ” Richardson, House, “ Organizations: New, New York CNN, of Labor Statistics, ADP, BLS, Federal Reserve, Fed, CNN, Bureau of Labor Statistics, Cornell University Locations: New York, Wells Fargo, “, United States

☆ Tesla shows off restyled Model 3 sedan at Beijing trade fair
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Tesla's new Model 3 sedan is seen displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING, Sept 2 (Reuters) - Tesla (TSLA.O) showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car - marking the first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020 - at the China International Fair for Trade in Services (CIFTIS). At the fair, Tesla sales staff answered questions from interested buyers. Tesla has also said it will show the new model at the Munich auto show, which opens on Tuesday.

Persons: Florence Lo, Guo, Tesla, Hu, Xiaoyu Yin, Jing Xu, Brenda Goh, Ros Russell Organizations: Fair for Trade, Services, REUTERS, Rights, U.S, Thomson Locations: Beijing, China, Rights BEIJING, United States, Shanghai, Asia, Europe, Munich

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