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☆ Redistricting battles could determine control of US House in 2024
▼ + stars: | 2023-08-03 | by ( Joseph Ax | ) www.reuters.com time to read: +6 min

But a series of legal challenges, including a major U.S. Supreme Court ruling, have cast many of those district lines into doubt. Legal experts said the ruling bolsters similar challenges in Georgia and Louisiana, where voting rights groups have argued that Republican-drawn maps marginalized Black voters. In Ohio, the state Supreme Court appears set to alter course after previously finding Republican maps violated the state constitution’s prohibition on gerrymandering. In Wisconsin, the most expensive state Supreme Court election in U.S. history resulted in a new liberal majority. OTHER BATTLESLast month, the Utah Supreme Court heard arguments over the state’s Republican-drawn congressional map, which carved Democratic Salt Lake County into four separate districts.

Persons: reconvenes, Leah Millis, –, ”, Michael Li, University’s, “, Kathy Hochul, Janet Protasiewicz Organizations: YORK, House, U.S . Capitol, Republican, REUTERS, Republicans, Census, Supreme, Center for Justice, U.S, Democrat, REPUBLICAN, STATE, Democratic, Ohio’s Republican, DEMOCRATIC, Utah Supreme Locations: New York, Utah, U.S, Washington , U.S, New, Black, Georgia, Louisiana, North Carolina, Ohio, In Wisconsin, Democratic Salt Lake County, New Mexico

☆ From banking giants to lending up-and-comers — here are the world's top 200 fintech companies
▼ + stars: | 2023-08-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +11 min

Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions

Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K

Aug 1 (Reuters) - Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million in a new round to fund its efforts to build a Cisco competitor, the company said. Nile, which has previously raised $125 million, did not disclose its valuation, but said it had doubled since the last round. Data from PitchBook pegged the company's valuation at $395 million in 2020. Since its technology became available last May, Nile has signed customers such as Stanford University and startup Carta. Pankaj Patel, chief executive at Nile, said the young company can challenge the incumbents by offering ease of use at lower cost and advanced security features in its network.

Persons: John Chambers, Pankaj Patel, Hewlett, Nile, Patel, Sumant, Krystal Hu, Nick Macfie Organizations: Cisco Systems, Cisco, March Capital, Sanabil Investments, Saudi Telecom Company, Liberty Global, PitchBook, Juniper Networks, Hewlett Packard, Aruba Wireless, Stanford University, Reuters, Sumant Mandal, Thomson Locations: Saudi, San Jose, NaaS, Aruba, New York

E-commerce app Temu is taking on the larger Shein by selling cheap Chinese-made goods to Western consumers. The company owned by $119 billion PDD (PDD.O) is more like an online dollar store. Moreover, Temu offers generous discounts and free or subsidised shipping to users. Parent company PDD, whose Pinduoduo e-commerce unit competes with Alibaba (9988.HK) and JD.com (9618.HK) in China, discloses little about its overseas business. Temu offers everything from home appliances to electronics to toys, making it more of a direct competitor to Amazon.

Persons: Shein, Breakingviews, Temu, PDD, Bernstein, Peter Thal Larsen, Aditya Munjuluru, Thomas Shum Organizations: Reuters, United States, Wall Street, Temu, Bloomberg, HK, PDD, Thomson, & $ Locations: HONG KONG, Western, China, U.S, United States, Shein

☆ Meta is trying to catch up with ChatGPT with new AI chatbots that speak like famous figures including Abraham Lincoln, report says
▼ + stars: | 2023-08-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Meta could soon be launching AI chatbots that speak like famous people including Abraham Lincoln. CEO Mark Zuckerberg is hoping to retain users by introducing chatbots that rival ChatGPT. Meta is exploring plans to launch AI chatbots as soon as next month that imitate famous figures, including Abraham Lincoln, as it scrambles to retain users and see off the threat from ChatGPT, a new report says. However, Meta has lacked a more consumer-facing, engaging interface like ChatGPT or Snapchat's My AI chatbot. The FT report added that the chatbots will aim to offer users fresh search functions as well as recommendations.

Persons: Abraham Lincoln, Mark Zuckerberg, OpenAI's, Zuckerberg, Meta Organizations: Financial Times, Morning, Financial, Meta, Facebook

☆ Opinion: The Donald Trump and Hunter Biden surprises
▼ + stars: | 2023-07-30 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

So it was remarkable Wednesday when the deal for Hunter Biden to plead guilty to two misdemeanors for his failure to pay taxes on time fell apart in a federal courtroom after the judge raised questions about it. Special counsel Jack Smith unexpectedly added a major allegation to the indictment charging former President Donald Trump with mishandling classified documents. The Trump and Hunter Biden developments underlined how America’s political climate is being shaped by what happens in the courts. This addition, an alleged surveillance tape conspiracy, almost reads like a spy novel.”“It features Trump employee and co-defendant Walt Nauta’s surprise clandestine trip to Florida. To W. James Antle III, it was the Hunter Biden plea deal snafu that brought to the forefront the “powerful split screen that drives” how Republican voters see the emerging 2024 presidential race.

Persons: Robert Burns, beasties, ”, Burns, aren’t, Hunter Biden, Jack Smith, Donald Trump, ” Smith, Trump, Dana Summers, Norman Eisen, Walt Nauta’s, Nauta, De Oliveira, De Oliveria, ’, ” Eisen, James Antle III, Hunter, Joe Biden’s, Maryellen Noreika, ” “ Noreika, couldn’t, Joe Biden, wasn’t, ” Bill Bramhall, Mitch McConnell, Sen, Dianne Feinstein, Julian Zelizer, “, ” “, Walt Handelsman, Elon Musk’s, Twitter “, Bill Carter, it’s, … Musk, —, Musk, ” Carter, Bill McGuire, ” McGuire, Mark Wolfe, Cassandra Lovejoy, Clay Jones, David Grusch, Jason Colavito, Colavito, Barbara Lee, Abigail E, Moore, ” Lee, Michael Bociurkiw, Odesa, Vladimir Putin’s, ” Bociurkiw, “ Handshakes, ” Netanyahu Israel’s, Benjamin Netanyahu, Frida Ghitis, Netanyahu, Drew Sheneman, Peniel, Joseph, Kamala Harris, Sophia A, Nicole Hemmer, Patrick T, Brown, David J, Skorton, Frank R, Lisa Benson, Barbie, Dean Obeidallah, ‘, GOP Sen, Ted Cruz, Mattel, Barbie —, Greta Gerwig’s, Margot Robbie, Ryan Gosling —, ” Obeidallah, Taylor Swift Taylor Swift, Swift, Barbra Streisand, Margaret H, Willison, O’Connor Sinéad O'Connor, Andrew Chin, Sinéad O’Connor, Sarah Gundle, Taylor, Sinead O’Connor’s, ” Don’t, Lawrence, Kara Alaimo, Jill Filipovic, Jeff Pearlman, He’s, Catherine Steenkeste, David A, Andelman, Mort Rosenblum, who’s, he’s, ” We’ll Organizations: CNN, Mar, Trump, Justice Department, Fox, Republicans, GOP, of Justice, New York Daily, Times, Twitter, SpaceX, World Meteorological Organization, University College London, Pentagon, “, Disney, Supreme, Agency, Education, African, Trinity, Warner Bros, Warner Bros ., Billboard, Machine, Vogue Theatre, International Herald Tribune Locations: Scottish, Florida, Bedminster, New, California, Rhodes, Corfu, Evia, Europe, United States, Odesa, Miami, York, Ukrainian, Kyiv, Israel’s, North America, Vancouver, Canada, White, Paris, Seine, gunpoint, ”

☆ Progressives dish on 'chilling effect' on Israel criticism after uproar over Pramila Jayapal's comments: 'We never do anything constructive on this issue'
▼ + stars: | 2023-07-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

Rep. Pramila Jayapal's comments on Israel caused an uproar this week in Congress. Even after Jayapal clarified her remarks about Israel, House Democratic leadership issued a statement rebuking her. Separately, 43 House Democrats said in a statement that they were "deeply concerned" about Jayapal's "unacceptable comments." "There's a few issues where any nuance is really discouraged," said another progressive House Democrat who insisted on anonymity to discuss the issue frankly. But Phillips held firm in his belief that it was important to firmly denounce criticism of Israel when it crosses a certain threshold.

Persons: Pramila, Israel, Jayapal, —, Mark Pocan, Alexandria Ocasio, Cortez, Jamaal Bowman, he’s, Leigh Vogel, Bowman, Isaac Herzog, I'm, Ilhan Omar, Minnesota, Rashida, Tlaib, Rashida Tlaib, Dean Phillips, Phillips, Dean Phillips of, Bill Clark, Israel — Organizations: Service, Democratic, Israel, House Democratic, Democrats, Republicans, West Bank, Congressional Progressive Caucus, Democrat, New, New York District, Rep, The Recording Academy, Reps, Dean Phillips of, Jewish Democrat, Michigan Democrats, Palestinian, Jewish, House Democrat, Dean Phillips of Minnesota, Getty, Progressives, Israel Democrats Locations: Israel, Wall, Silicon, Washington, Chicago, Gaza, Wisconsin, Alexandria, Cortez of New York, New York, Westchester County, Congress, Palestine, Michigan, Dean Phillips of Minnesota, Palestinian, Jewish Diaspora, Cortez, Africa

☆ JPMorgan to expand online bank Chase to Germany, EU - Handelsblatt
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 21 (Reuters) - JPMorgan (JPM.N) will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for European rivals in a crowded market. Reuters has reported preparations for the move, but the CEO's comments to Handelsblatt published on Friday mark the first official confirmation. "It has always been clear to us that we want to introduce Chase not only in the UK, but also in Germany and other European countries," Dimon was quoted as saying. "In Germany, 'Chase' is not yet so well known, but worldwide it is a strong brand. We are also a trustworthy bank with a strong balance sheet - and private customers know that," he was quoted as saying.

Persons: Jamie Dimon, Handelsblatt, Chase, Dimon, Tom Sims, Rachel More, Christian Schmollinger Organizations: JPMorgan, Chase, Union, Reuters, Reuters Graphics JPMorgan, European Union, Deutsche Bank, Thomson Locations: FRANKFURT, Germany, United States, Frankfurt

☆ JPMorgan to expand online bank Chase to Germany, EU, Handelsblatt reports
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

☆ Alabama Lawmakers Decline to Create New Majority-Black Congressional District
▼ + stars: | 2023-07-21 | by ( Emily Cochrane | More About Emily Cochrane | ) www.nytimes.com time to read: +1 min

Alabama Republicans pushed through a new congressional map on Friday that will test the bounds of a judicial mandate to create a second majority-Black district in the state or something “close to it,” incensing plaintiffs in the court case and Democrats who predicted the plan would never pass muster with a judicial panel charged with approving it. The map also dropped the percentage of Black voters in the existing majority-Black district to about 51 percent from about 55 percent. In Alabama, more than one in four residents are Black. Notably, the redrawing ensures that none of the state’s six white Republican incumbents would have to face one another in a primary to keep their seat. The proposal will have to be approved by a federal court, which will hold a hearing on it next month.

Persons: ” Organizations: Republicans, Alabama Legislature, Republican Locations: Black, Alabama

☆ Europe's energy software startups are having a moment in the sun right now
▼ + stars: | 2023-07-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Europe's energy software startups are getting a lot of investor attention right now. Europe's energy software startups are having a moment in the sun right now. Investors are bullish that energy software could be the solution. Energy software startups have raised $427 million in the first half of the year, already eclipsing 2022's total of $369 million, per PitchBook data. This week Lithuanian solar design and planning software company PVcase raised $100 million while Dutch energy monitoring firm Sensorfact landed $28 million.

Persons: Tyler Lancaster, Lancaster Organizations: Energy, Energize Venture, Residents, Labor Locations: Ukraine, Europe, Germany, Netherlands

☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

Now, the man who had been tasked with reviving a nuclear deal to constrain that program has been sidelined. Progress on nuclear talks, as well as the fate of detained Americans in Iran, is likely to boost the incumbents in the polls, analysts have said. Malley was one of the architects of the 2015 nuclear deal reached with Iran under the Obama administration. The administration began negotiations to re-enter an Iran nuclear agreement later that year. “US policy is informed by the administration’s national security calculations, and not any one person in the national security apparatus,” Vaez said.

Persons: Biden, Rob Malley, Malley, Abram Paley, Paley, Jake Sullivan, sidelining, Obama, Donald Trump, Obama’s, Israel, Malley’s sidelining, Nasser Kanani, Javed Gurban Oghli, Israel ”, Gabriel Noronha, Trump, “, ” Noronha, ”, Ali Vaez, Vaez, ” Vaez, Foad Izadi, Ebrahim Raisi, Brett McGurk, McGurk, ” McGurk Organizations: CNN — United, CNN, State Department, Representative, US National, Crisis Group, ICG, Islamic, Iranian Foreign Ministry, Iranian, Jewish Institute for National Security of, Iran, US State Department, “, University of Tehran’s Faculty of World Studies, US National Security Council, Middle, National Security Council Locations: Iran, Tehran, Republic, Russia, Ukraine, Israel, Islamic Republic, Iranian, Middle East, Oman, Syria

Senate Democrats staring down tough re-election fights can look to one bright spot: sizable fund-raising hauls and cash stockpiles more than a year before Election Day. Saturday was the deadline for campaigns to file spending and fund-raising reports for the three months between April 1 and June 30. Most of the vulnerable incumbent Democratic senators also topped their prospective Republican challengers in fund-raising and will head into the fall with several million dollars in cash on hand. The race for Senate control is in its earliest months, and Republicans are still building campaigns. Yet the Democrats’ relative financial strength in the second quarter of an off year suggests significant energy as the party aims to protect its slim majority next year.

Organizations: Democratic, Republican Locations: — Montana , Ohio, Pennsylvania, West Virginia, Wisconsin

[1/2] U.S. Senate Minority Leader Mitch McConnell (R-KY) speaks to the media after the weekly Senate Republican caucus luncheon with Republican leadership Senator Steve Daines (R-MT) and John Thune (R-SD), at the U.S. Capitol in Washington, U.S., February 14, 2023. It underscored that a high-quality candidate is crucial," Senate Republican leader Mitch McConnell said in an interview. Thirty-four of the 100 U.S. Senate seats will be up for grabs next year. In the 2022 congressional elections, Trump backed controversial Senate candidates including Oz in Pennsylvania and former football star Herschel Walker in Georgia, who both lost to Democrats. Had Republican candidates prevailed in those races, the party would have emerged with a Senate majority.

Persons: Mitch McConnell, Steve Daines, John Thune, Evelyn Hockstein, Daines, David McCormick, McCormick, Mehmet Oz, Donald Trump, John Fetterman, Dave, He's, Trump, Joe Biden, McConnell, Biden, Herschel Walker, Gary Peters, Ron DeSantis, Tim Sheehy, Sam Bowman, Jim Justice, Sheehy, Jon Tester, Matt Rosendale, David Morgan, Jarrett Renshaw, Will Dunham, Scott Malone Organizations: U.S ., Republican, U.S, Capitol, REUTERS, Democrats, Senate Republicans, Pennsylvania, Republican Senate, Democratic, Reuters, National Republican, TRUMP, Trump, Senate Democrats, Navy SEAL, Bridger Aerospace, Caucus, Senate, Thomson Locations: Washington , U.S, WASHINGTON, Montana, West Virginia, Nevada, In Pennsylvania, Arizona , Georgia, New Hampshire, Montana , West Virginia, Ohio, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Georgia, Florida, Washington, Philadelphia

☆ House Republicans vote to make it harder for troops to get abortions
▼ + stars: | 2023-07-13 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

House Republicans voted to eliminate a Pentagon policy that makes it easier for service members to obtain abortions. The House voted largely along party lines 221-213 in tacking on the restriction to a larger must-pass bill funding the Pentagon. Only two House Republicans, Reps. John Duarte of California and Brian Fitzpatrick of Pennsylvania, broke with the party. House Republicans have a number of other amendment votes to press through Thursday evening. CNN's Melanie Zanona wrote that the inclusion of the abortion restrictions will lead the final House vote to be extremely one-sided.

Persons: John Duarte of, Brian Fitzpatrick, Henry Cuellar, Duarte, Cuellar, Ronny Jackson, Sen, Tommy Tuberville, Joe Biden, Biden, CNN's Melanie Zanona Organizations: Pentagon, Service, Republicans, Democrat, Texas Republican, Defense Department, Joint Chiefs, Staff, Marine Corps, White, House Republicans, National Defense, Democratic Locations: Wall, Silicon, tacking, John Duarte of California, Pennsylvania, Henry Cuellar of Texas, Texas

☆ Germany more flexible on hydrogen transition, emphasises speed - draft
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 12 (Reuters) - Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. The draft was seen by Reuters while being presented to the national hydrogen council prior to assessment and adoption by the Berlin cabinet. It will become a 2023 strategy update guiding stakeholders in production, transport and wholesale markets as well as infrastructure investors. The coalition government in 2021 installed a target of 10 gigawatts (GW) of green hydrogen production by 2030, which can receive direct financial support, doubling previous ambitions. There would be greater tolerance of fossil- and nuclear-derived hydrogen, partly with carbon sequestration until such time as renewables could fully meet hydrogen demand, Germany's draft paper said.

Persons: Vera Eckert, Christian Kraemer, Markus Wacket, Devika Organizations: Europe's, Reuters, EEX, Thomson Locations: FRANKFURT, Germany

☆ Gotta Save the Castle? Start a Podcast.
▼ + stars: | 2023-07-11 | by ( Elizabeth Paton | More About Elizabeth Paton | ) www.nytimes.com time to read: +1 min

Last month, Emma, Duchess of Rutland sat in her drawing room and weighed the pros and cons of living over the shop. Specifically, Belvoir Castle, a stately and splendid pile perched on a wooded hilltop in the English countryside with more than 356 rooms and soaring neo-Gothic towers and turrets. Downstairs, the castle tearoom hummed with tables of tourists sampling scones with jams from the Belvoir estate. Nearby, a platoon of pickup trucks bounced across a field packing up obstacles from a recent Tough Mudder endurance event. For the duchess, born Emma Watkins, it was a day like any other.

Persons: Emma, Duchess, Rutland, ”, Emma Watkins, Duke of Rutland Locations: Belvoir Castle, Belvoir, England

☆ In a leaked recording, AWS CEO warns employees about a 'Day 2' mindset creeping, saying his biggest worry is 'ourselves'
▼ + stars: | 2023-07-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon Web Services CEO Adam Selipsky said he's worried about the company itself when employees asked what keeps him up at night. Selipsky told employees to stay curious, restless, and dissatisfied with the status quo. Amazon employees in recent years have complained about the so-called "Day 2" mindset creeping in, as Insider previously reported. At last month's meeting, Selipsky alluded to the Day 2 culture by mentioning the difference between "incumbents" and "insurgents." You can only do that if you're restless and dissatisfied.

Persons: Adam Selipsky, he's, Selipsky, Adam Selispky, Andy Jassy, Amazon's, Seplisky, They're, there's, we'll Organizations: Amazon Web, Web, Amazon, Builders, AWS

☆ The D.N.C. Has a Primary Problem
▼ + stars: | 2023-07-05 | by ( Ross Barkan | ) www.nytimes.com time to read: +4 min

With Clyburn’s blessing, he became chairman of the South Carolina Democratic Party. “People thought early on, Oh, God, Jaime’s the chair of the D.N.C., so therefore he’s going to put his finger on the scale for South Carolina. “National Geographic said that 90 percent of African Americans can trace one of their ancestors to South Carolina. In our primary, 50 to 60 percent of the people who vote in the Democratic primary will be Black folks. A first-in-the-nation South Carolina primary lends Black moderates, a pivotal Democratic constituency, the kind of clout that many believe they deserve.

Persons: Jaime Harrison, Harrison, Kyrsten, Biden, Jim Clyburn, Ron Brown, Brown, Lindsey Graham, Clyburn, South Carolina —, ” Harrison, it’s, hasn’t Organizations: Democratic National Committee, Democratic, South Carolina, Biden, Podesta, South Carolina Democratic Party, Geographic, Democratic Party Locations: South Carolina, New Hampshire, Montana , Ohio, West Virginia, Arizona, D.N.C, South, Southern, Carolina, Hampshirites, America, Iowa

☆ BYD launches its most direct Tesla competitor yet
▼ + stars: | 2023-07-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The Denza N7 is set to begin deliveries in about two weeks, according to the company. In another page from Nio's playbook, the Denza N7 launch in Beijing was followed by a live music performance. Its prior electric model, the D9 multi-purpose vehicle, claims more than 10,000 sales a month since since March. At the time Zeng said he expected competition in China's new energy vehicle market would move into the 400,000 yuan to 500,000 yuan price range and above. The 100,000 yuan to 200,000 yuan price range has been the primary price range for cars in China, Zeng said.

Persons: Yang Dongsheng, Tesla, Tu Le, Denza, playbook, Denza's, Zhao Changjiang, BYD, Nvidia Orin, Orin isn't, Yang, Craig Zeng, Zeng Organizations: Bloomberg, Getty, Tesla's, Tesla, Benz Group, Tech, Benz, BMW, Audi, Qualcomm, Nvidia, CNBC Locations: Beijing, BEIJING, China, Weibo, Thailand, Hong Kong, Macao, Europe

☆ The rise of political nepo babies
▼ + stars: | 2023-07-03 | by ( Chris Dalla Riva | ) www.businessinsider.com time to read: +8 min

Second, if you are a nepo baby in your first term, you will continue to be counted as a nepo baby in each subsequent term. Thus, Pelosi has been counted as a nepo baby each year since she was first elected in 1987. It's possible that this trend is the result of the Democratic party electing more nepo baby incumbents like Pelosi. Thus, it's not surprising that the Democratic Party does not just have more incumbent nepo babies but also more first-time nepo babies. On top of that, we continue to see that independent of party the Senate elects more nepo babies than the House.

Persons: —, Rodney Frelinghuysen, Rodney's, Peter, Frederick T, Frelinghuysen, it's, you've, Lawrence Jackson, Nancy Pelosi, Pelosi, Thomas D'Alesandro, we've, weren't, Bush, Kennedy Organizations: Service, NJ, Democratic, Republican, AP, Maryland's, Congressional, Democratic Party, Republicans, Union, Madison Hall Locations: New Jersey, Baltimore, . California, Wyoming, Alaska

☆ Opinion | Better Government in New York Depends on Higher Voter Turnout
▼ + stars: | 2023-07-02 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

Mr. Adams, who is not the first New York politician to lose it with a voter, is up for re-election in 2025. “You have a government that is walled off from the concerns of the people,” Susan Lerner, the executive director of the good government group Common Cause New York, told me. Increasing turnout in primaries may be one of the best ways to get better, more responsive government. One promising bill passed by both legislative chambers in June would shift many local elections to even-numbered years. Some incumbents in New York, unsurprisingly, seem to enjoy things just as they are, and have opposed the shift to even years.

Persons: Mr, Adams, that’s, ”, ” Susan Lerner, Hochul, isn’t, “, ” Ms, Lerner Organizations: New, City Council, Board Locations: New York, Albany, New York City

LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hikes and decarbonisation are shaping the economy. Five prominent funds shared their ideas using five different asset classes to trade on this uncertainty. The ideas do not represent recommendations or trading positions, which hedge funds cannot reveal for regulatory reasons. 1/ UBS O’CONNOR* Alternatives platform, with both hedge funds and credit* Size: $9.5 billion* Established in 2000* Key trade: Long so-called “busted” convertible bonds, or hybrid securities where the stock trades below its option conversion price. Seminara favored long positions in investment grade bonds and shorting high yield ones via the iTraxx Europe and iTraxx crossover indices.

Persons: Brendan McDermid, Casey Talbot, Alpha, ” Talbot, Byron Gill, Howard Smith, Anastasia Tarasova, Tarasova, Andrea Seminara, ”, Seminara, CRAWFORD, ERIC STURDZA, Eric Sturdza, Chris Crawford, Biden, “ They’re, Crawford Organizations: Reuters, Traders, New York Stock Exchange, REUTERS, UBS, UBS O’Connor, Companies, Indus Capital Partners, Capital, Federal, Redhedge, Asset Management, European Central Bank, ECB, Eric Sturdza Investments, Fund Management, Crawford Fund Management Locations: HONG KONG, New York City, U.S, Asia, Ukraine, Europe

☆ Hyundai, Kia and BYD are well positioned to capture the growing EV market, says Macquarie Capital
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai, Kia and BYD are well positioned to capture the growing EV market, says Macquarie CapitalJames Hong of Macquarie Capital said South Korea's Hyundai and Kia, as well as China's BYD, have strong supply chains and the scale to win the competition with late-comers and other incumbents.

Persons: Macquarie Capital James Hong Organizations: Hyundai, Kia, Macquarie Capital, Macquarie Locations: Macquarie Capital

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