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☆ I turned down a $250,000 job offer and moved to St. Barts to start a new life. I'm much happier since prioritizing my well-being over money.
▼ + stars: | 2023-05-18 | by ( Alicia Gonzalez | ) www.businessinsider.com time to read: +7 min

Once she visited St. Barts, she found herself and turned down an attractive job offer to move there. I fell in love with St. Barts while visiting a friend, and I turned down a $250,000-a-year job offer to move there permanently. Around my third month of working from home, a friend invited me to St. Barts, a place I'd never been. When I got to St. Barts, everything changedIt's a very small community, and you run into people all the time. Even though I couldn't be certain what would happen if I declined the job, trusting myself to succeed as an entrepreneur felt right.

LONDON, May 17 (Reuters) - Holders of credit insurance linked to Credit Suisse (CSGN.S) bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank's state-engineered merger with UBS did not constitute a credit event. The CDDC said it had come to the conclusion following an examination of the ranking clauses for the AT1 bonds listed in the request made by the investor. The investor said the AT1 bonds were pari passu, in other words ranking at the same level, with the reference bond underlying the CDS contracts, which included a subordinated bond that matured in 2020. A panel of eleven finance companies, including Barclays, Citibank, Deutsche Bank and Goldman Sachs as well as Elliot Investment Management and PIMCO came to a unanimous decision, the CDDC statement said. Credit Suisse, which is still listed as a member of the EMEA CDDC on the group's website, was not listed as having taken part in the decision.

☆ 10 Things in Tech: Say goodbye to the US car market as we know it, TikTok will pay for AR filters, and YouTubers share how they make money
▼ + stars: | 2023-05-17 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and I'm taking a few days off to watch my best friend graduate with their PhD. (Don't worry, my colleagues in London will be bringing you your daily dose of tech news while I'm away.) Pharmacy startup TruePill is searching for its panacea. Employees told to "drink the Kool-Aid" at Larry Page's startup. Current and former employees told Insider about the recent turmoil.

☆ Opinion: The banned Russian landmine with a deceptively poetic name
▼ + stars: | 2023-05-17 | by ( Opinion Sasha Dovzhyk | ) edition.cnn.com time to read: +8 min

A great deal of eeriness is due to the highly explosive Russian “petals.” “Petal” — or, “lepestok,” in Russian — is the poetic name of an internationally banned Russian-made anti-personnel landmine. The Russian wish for Ukraine appears to be death: to render Ukrainian land uninhabitable, to maim and kill those who live on it. But as one learns from Kataev’s tale, the Russian petals travel far and know no borders. In November, Ukrainian President Volodymyr Zelensky reported that 200,000 hectares (almost 50,000 acres) of Ukrainian land were contaminated with unexploded mines and shells. The rusted remains of a tank in Sviatohirsk, Donetsk region, pictured during a PEN Ukraine trip in April 2023.

☆ Shifting to life post-Covid: How remote work transformed this city in the Midwest
▼ + stars: | 2023-05-13 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Michigan Avenue in Lansing, Michigan. said Cathleen Edgerly, executive director of Downtown Lansing, Inc., a nonprofit working on the culture and sustainability of the downtown. Lansing had the largest share of job listings in March with at least one day of remote work of any city, according to WFH Map. And an analysis by Bloomberg found remote work has cost Manhattan more than $12 billion annually. Lansing, Michigan, USA at the Michigan State Capitol during the evening.

☆ I'm an AI ethicist. I make sure the tech is safely deployed to the world, but I am not an oracle.
▼ + stars: | 2023-05-13 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Giada Pistilli, 31, is the principal ethicist at Hugging Face and helps ensure AI is safely deployed. Here is what Pistilli's job as an AI ethicist entails, as told to Insider's Aaron Mok. I'm a full-time AI ethicist making sure the tech is safely deployed to the world. I first approached Hugging Face to understand how I could help build Bloom, its large language model. For example, a journalist approached Hugging Face after he claimed one of his articles was plagiarized by the company's language model.

☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

There are some signs that the broader $275 billion AT1 market is recovering. Reuters GraphicsLast month, Japan's Sumitomo Mitsui Financial Group (8316.T) was the first major global bank to sell AT1s since the March rout. With time, analysts expect UBS to sell AT1s aplenty to meet its capital requirements. It has a 700 million Singapore dollar ($755 million) AT1 bond repayable in November followed by a heftier $2.5 billion bond in January. RATINGS GAMEInvestor appetite for a UBS AT1 could also hinge on its future credit profile.

Our experts choose the best products and services to help make smart decisions with your money (here's how). My partner was willing to carry most of our financial load — and I couldn't help but find it unfair. However, being able to prioritize my health has been a huge benefit to my wellbeing. Some people assume that people with chronic pain and fatigue can just "work through it" or distract themselves with work. When it comes down to it, I realize that I need to take care of my physical health first.

☆ Some people feel morally impure after networking and most just hate it. Here's how to learn to love it, according to experts.
▼ + stars: | 2023-05-04 | by ( Emily Stone | Kellogg Insight | ) www.businessinsider.com time to read: +9 min

They found that networking can make some people feel morally impure and dirtier afterwards. She and coauthors explored where that feeling comes from and found that networking can make people feel morally impure. After all, junior professionals often stand to gain the most from networking, so they're doing themselves no favors if they're networking-averse. "They don't feel like they're taking advantage of their networking partner, which makes them come across as more authentic." The reason may come down to the types of information that men versus women need to succeed.

☆ A lawyer-turned-fighter codenamed 'Witch' has gained viral fame defending Ukraine as a mortar commander in the fiercest battlefronts of the war
▼ + stars: | 2023-04-28 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +9 min

Mortar platoon commander Olga Bigar is better known in Ukraine by her callsign "Witch." Junior Lieutenant mortar platoon commander Olga Bigar of the Ukrainian Territorial Defense Forces. A baptism of fireJunior Lieutenant mortar platoon commander Olga Bigar of the Ukrainian Territorial Defense Forces. Junior Lieutenant mortar platoon commander Olga Bigar of the Ukrainian Territorial Defense Forces. Junior Lieutenant mortar platoon commander Olga Bigar of the Ukrainian Territorial Defense Forces.

☆ Carlyle has a secret weapon for training its top leaders: a four-star Navy Admiral who led thousands of sailors into battle and captured cocaine-filled cartel submarines
▼ + stars: | 2023-04-27 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

James Stavridis, a retired Navy Admiral, is leading a new leadership program for Carlyle partners. Now, he's leading a new training course for the firm's partners called the Admiral Leadership Program. James Stavridis, a retired four-star Admiral, served in the Navy for 37 years before joining Carlyle in 2018. Inside Carlyle's first training program for partnersAbout 15 partners at Carlyle, from ESG to credit and tech, are participating in the Navy admiral's leadership program. Anna Tye, a partner on Carlyle's technology investing team, is also part of the leadership program.

☆ 34-year-old ditched the U.S. for Europe and now spends just $1906/month—raising 3 kids: 'I'm saving more money than ever'
▼ + stars: | 2023-04-26 | by ( Dr. Alison Opalko-Berry | ) www.cnbc.com time to read: +4 min

I'm an adjunct professor, content creator, and happy mother of three kids — a 13-year-old, 2-year-old and 18-month-old. Some semesters were so packed that I had to drop my son off at daycare at 5:30 a.m. Even with three kids and higher housing costs, I'm saving more money than ever. Any money that we have left goes into saving up for our first house. The benefits of raising kids in Germany

☆ ChatGPT course instruction is the newest side hustle on the market. Meet the teachers making thousands from the lucrative gig.
▼ + stars: | 2023-04-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +8 min

ChatGPT course instructors told Insider they have made between $10,000 to $52,000 in a few months. In late December, he launched a ChatGPT course on online education platform Udemy called "ChatGPT Masterclass: A Complete ChatGPT Guide for Beginners." But some struggle to integrate ChatGPT into their workflow, three ChatGPT course instructors told Insider. Skillshare, another online learning platform, offers 61 ChatGPT courses, while online course provider Coursera offers 10, according to searches made at the time this story was published. ChatGPT instructors aren't necessarily AI expertsThe ChatGPT course instructors who spoke to Insider are all self-taught.

☆ MBA professors say there is a correct way to schedule your day to get more done. Here are 5 research-backed strategies they recommend.
▼ + stars: | 2023-04-24 | by ( Jessica Love | Kellogg Insight | ) www.businessinsider.com time to read: +9 min

They also say stop jumping around from task to ask and be weary of collaborating with others. Specifically, Maria Ibanez and a colleague have found that inspections that occur later in the day result in fewer violations. Each subsequent hour an inspector conducts inspections during the day results in 3.7% fewer citations per inspection that day, likely due to fatigue. For instance, after an inspection that yielded a particularly high number of violations, inspectors were likelier to spot extra violations at the next joint, too. A study from two Kellogg School professors — Nicola Persico and Rob Bray — tested this idea by altering the way Italian appellate labor court judges schedule court hearings.

☆ Vladimir Putin is planning the best way to attack the UK by sending spy ships to map infrastructure on the British coast, British MP says
▼ + stars: | 2023-04-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A British MP has warned that Russian leader Vladimir Putin is scouting out ways to attack the UK. MP Bob Seely said sabotaging undersea cables in the area would cripple the UK if war breaks out. Seely, whose constituency covers the UK's southernmost territory on the British coast, said the UK and its northern allies are "dangerously exposed at sea." One of his chief concerns is that much of the UK's energy is supplied via undersea cables between Britain and Europe. Seely urged the UK to take new measures to protect undersea cables, saying it can "naturally lead" its allies in bolstering maritime defenses.

German specialised property lenders such as Aareal Bank (ARLG.DE), Deutsche Pfandbriefbank (PBBG.DE) and Berlin Hyp, have a bigger concentration of real estate exposure, analysts added. Blackstone (BX.N) recently blocked withdrawals from its $70 billion real estate income trust after facing a flurry of redemption requests. Open-ended real estate funds in Britain have also battled to meet strong demand for redemptions. In Europe, CRE exposure for smaller banks, more at risk of deposit flight, is estimated at under 30% of all loans, Capital Economics said. "On the other, real estate owners themselves are going to face quite material increase in costs."

☆ Opinion: Taiwan could teach a master class in preparing for the worst
▼ + stars: | 2023-04-20 | by ( Opinion Lanhee J. Chen | ) edition.cnn.com time to read: +8 min

I visited Taiwan in late March as part of a US delegation that met with senior Taiwanese leaders in government and civil society, including Tsai. Nonetheless, several senior Taiwanese officials expressed disbelief when I told them that Trump might actually be the Republican nominee for president again, particularly given his recent legal troubles. President Joe Biden is also viewed favorably in Taiwan, particularly because of promises that the US would defend Taiwan if it was attacked by China. But senior administration officials have repeatedly stressed that, notwithstanding Biden’s statements, US policy toward Taiwan has not changed. Taiwanese officials must deal with the reality that with each passing day, an attack from China may be drawing near.

☆ How Anthropic cofounder and former journalist Jack Clark turned a chance meeting into an AI newsletter with over 34,000 subscribers
▼ + stars: | 2023-04-19 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Jack Clark was a Bloomberg tech journalist in 2015 when he came across OpenAI for the first time. He was so inspired that he quit his job and dove into the world of AI, later cofounding Anthropic. Now, he writes Import AI, a weekly AI-focused newsletter that reaches over 34,000 subscribers. A "weird" newsletterA weekly newsletter, Import AI features detailed analyses on AI research papers, Clark's thoughts on current events, and AI-focused short fiction stories. He estimates that he's read around 4,000 research papers while writing Import AI — and more importantly, he jokes, spent over $6,000 in lattes due to his persistent habit of drinking multiple caffeinated beverages while writing each week.

The investors, who hold some Casino bonds maturing in 2026 and 2027, are seeking to move quickly before details of the tie-up are agreed, the sources added. Other debt being left out of the joint venture could have lower prospects to recover its full value. Casino does not require consent from bondholders to potentially push their holdings into the joint venture, according to two sources. Unrestricted status would allow the joint venture to potentially list on a stock exchange and receive capital from a third party. Casino and Teract said in a joint statement in March that discussions have already started with potential investors about providing the additional capital.

☆ Artificial intelligence may have just given astronomers a better idea of what black holes really look like
▼ + stars: | 2023-04-14 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

Researchers released a new, clearer image of what they believe the M87 black hole looks like. They developed a machine learning algorithm to provide clearer images of the black hole first released in 2019. The algorithm used data from thousands of simulated black holes to fill in gaps of data that created the 2019 images. The new images, published Thursday in The Astrophysical Journal Letters, could provide important information for scientists studying the M87 black hole and others in the future, researchers said. "Since we cannot study black holes up-close, the detail of an image plays a critical role in our ability to understand its behavior."

☆ Two of Ken Griffin's biggest donations sit on opposite sides of the spectrum
▼ + stars: | 2023-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Griffin, who founded Wall Street giants Citadel and Citadel Securities, donated $300 million to Harvard's Faculty of Arts and Sciences (FAS). However, it's interesting to see how two of his biggest contributions — DeSantis and Harvard — seem to operate on opposite ends of the spectrum. Click her to read our profile on Ken Griffin's rise to the top of Wall Street. Wall Street is drying out wells to drive up returns in California. Click here for more on the water woes created by Wall Street.

☆ I moved my family from NYC to Buffalo. Here's a cost-of-living breakdown and how we're saving thousands a month.
▼ + stars: | 2023-04-11 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

This translates to a monthly income increase of approximately $10,000. In NYC, we paid $3,350 per month for a two-bedroom apartment that I'll generously say was 900 square feetWe paid 44.8% of our pre-tax income each month on housing. If I include principal, interest, taxes, and insurance, we now pay 9.6% of our pre-tax monthly income on housing. This rate was also subsidized as it was the hospital daycare, so we spent 21.9% of our pre-tax income on childcare each month. So, with just housing and childcare alone, our monthly savings from the move is already $5,000.

☆ Who is Nouriel Roubini, Wall Street's 'Dr. Doom' economist who has warned of catastrophe for 2 decades?
▼ + stars: | 2023-04-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Nouriel Roubini, the economist known as "Dr. Doom", has been warning of disaster for two decades. He rose to prominence after being among the commentators to call the 2008 financial crisis. When he spoke of an impending housing crash at the International Monetary Fund that year, the audience chuckled, the New York Times reported. Nouriel Roubini economics professor at New York University attends 48th edition of Economic Forum of Cernobbio on September 02, 2022 in Cernobbio, Italy. "Even a stopped clock is right twice a day," Anirvan Banerji, a critic of Roubini's told the New York Times in 2008.

☆ Texas judge's ruling to ban mifepristone nationwide cites Wikipedia, contains pro-life talking points, and gets basic facts about abortion wrong: Experts say it's 'completely flawed'
▼ + stars: | 2023-04-08 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +7 min

"So many of the things in this ruling I would say are completely flawed," a researcher told Insider. But an OB-GYN told Insider the judge's interpretation of what the drug does is medically inaccurate. Mifepristone and misoprostol are used before we can even see an embryo on ultrasound," Grossman told Insider. Spreading such misinformation through an official judicial ruling, Biggs said, is "inappropriate, unethical, and jarring." It's definitely not going to help or prevent mental health harm or physical harm as it claims – it's going to do the opposite."

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