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And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.
Persons: , Astrid Nissen, moos, , Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja
Those alternatives will still be shared, American officials said, including in talks early this week between top Biden advisers and Israel’s defense minister. Hours after the delegation was canceled, Israeli minister Gideon Sa’ar submitted his resignation from the current government after not being included in the war cabinet. That led American officials to view Netanyahu’s statements Monday that the US had changed its position as peculiar and strange, the official said. Indeed, Biden’s advisers have been weighing various options for how to respond should the Rafah operation proceed. “We have no way to defeat Hamas without entering Rafah,” Netanyahu said after meetings at the end of last week with US Secretary of State Antony Blinken.
Persons: Benjamin Netanyahu’s, Joe Biden, Netanyahu, Biden, Gideon Sa’ar, Donald Trump, , hadn’t, Biden’s, Israel, , Ramadan, “ I’ve, I’ve, Kamala Harris, Harris, , ” Biden, “ We’ll, ” Netanyahu, Antony Blinken, ” Blinken Organizations: Washington CNN, Israeli, United Nations Security, United Nations Security Council, UN, White, ABC, Democratic, Netanyahu Biden Locations: Washington, Gaza, Rafah, Israel, United States, American, Egypt
Cat Jones eagerly left the family home at 17 and later bought a house 230 miles away with her husband. After having a baby and leaving her husband, she was determined to make things work living on her own. Fiercely independent and proud, I was determined to make things work on my own. Farm life is notoriously stressful and persistent. I have become closer with everyone in my family, and we're showing my daughter how to cohabit peacefully.
Persons: Cat Jones, , Cassie, Cassie didn't, Jones, it's, hadn't, grandma Cat Jones, It's, I'm Organizations: Service, Pew Research Center, Survey Locations: Tauranga —, New Zealand
Patty Branch started exercising in her late 60s and said it transformed her life and health. Before long, she was logging more and more steps, and even became a regular at community workout classes. At the start, Branch told Business Insider, she was on the cusp of prediabetes, with debilitating nerve pain. Stress worsened her health issues over the yearsBranch said her health journey started in her late 60s. As for her health, her blood sugar is back in the normal range, and her nerve pain has significantly improved.
Persons: Patty Branch, , It's, didn't, Brand, she'd, Branch, — Branch, Silver Organizations: Research, Service, Branch, Business, Locations: Ohio
At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.
Persons: , it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco
Perplexity CEO Aravind Srinivas said Elon Musk's xAI is stiff competition in the recruiting space. The AI CEO said Musk's company offers the highest compensation at the moment. Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting. Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. In January, Financial Times reported that Musk's AI venture was in talks to raise $6 billion at around a $20 billion valuation.
Persons: Aravind Srinivas, Elon Musk's, It's, , Elon Musk, Tesla, Musk, Srinivas, OpenAI, Alex Heath, Perplexity, Heath, OpenAI's ChatGPT, xAI's, Patrick Collison, Collison, Srnivas, he'd, Mark, Fortune, X Organizations: Service, OpenAI, Street Journal, Financial Times, xAI, TechCrunch, Twitter, SpaceX, Musk .
The acute food shortage in the war-ravaged Gaza Strip has become so severe that “famine is imminent” and the enclave is on the verge of a “major acceleration of deaths and malnutrition,” a report from a global authority on food security and nutrition said on Monday. The group, the Integrated Food Security Phase Classification global initiative, which was set up in 2004 by U.N. agencies and international relief groups, has sounded the alarm about famine only twice before: in Somalia in 2011 and in South Sudan in 2017. The warning came as Israeli forces again raided Al-Shifa Hospital in the northern part of the enclave on Monday, in an operation that they said had been aimed at senior Hamas officials who had regrouped on the premises, setting off an hourslong battle that both sides said had resulted in casualties. The raid at Al-Shifa, in Gaza City, raised questions about the level of control that Israeli forces have over northern Gaza. In December, the Israeli military said it was nearing “full operational control” there.
Persons: Organizations: Integrated, U.N, Shifa Locations: Gaza, Somalia, South Sudan, Al, Gaza City
Lawmakers are scrambling to avert a partial shutdown ahead of a federal government funding deadline at the end of the week. The Department of Homeland Security has proven to be a particularly thorny issue in the funding fight amid partisan disagreements over border policy. Since then, lawmakers have faced a series of fiscal cliffs as a result of funding deadlines created by short-term extensions. In the Senate, lawmakers will need to reach a time agreement to pass the legislation before Friday’s shutdown deadline. The objection of any one senator could slow the process down and threaten to take lawmakers right up to, or past, the deadline.
Persons: Mike Johnson, , Joe Biden, Johnson, Kevin McCarthy Organizations: Defense, Homeland Security, Labor, Health, Human Services, Education, State, Department of Homeland Security, Senate, Republican, Democratic, Agriculture, Commerce, Justice, Veterans Affairs, Energy, Housing, Urban, and Drug Administration, Republicans Locations: Transportation
South By Southwest attendees got to speak with a Marilyn Monroe AI chatbot. But critics say celebrities who can't consent should not be used in AI recreations. Meta CEO Mark Zuckerberg said previously that he thinks AI celebrities will become popular. AdvertisementLast year, Robin Williams's daughter, Zelda, said that she found AI recreations of her father's voice to be "personally disturbing." AdvertisementSoul Machines partnered with Authentic Brands Group — which acquired the rights to Marilyn Monroe's intellectual property in 2018 — to create the AI Marilyn, according to Deadline.
Persons: Marilyn Monroe, , Kim Kardashian, Mark Zuckerberg, Meta, Tom Brady, Kendall Jenner, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, Roy Choi, Dwayne Wade, Zuckerberg, Marilyn, Marilyn chatbot, Maureen Lee Lenker, Robin Williams's, Zelda, Williams, Marva Bailer, Bailer, Marilyn Monroe's, Elvis Presley, Muhammad Ali, Shaquille O'Neal, David Beckham Organizations: Southwest, Service, Kanye West, SXSW, Federal Trade Commission, Machine, Machines, Fox News, Authentic, Brands, Fox Locations: United States
Perplexity CEO Aravind Srinivas weighed in on Google's Gemini drama in an interview with The Verge. He criticized Google's handling of the situation and said the issue was " easy to catch in testing." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Aravind Srinivas, chief executive of AI search-engine startup Perplexity, said Google's flub with Gemini was avoidable in a recent interview with The Verge. This story is available exclusively to Business Insider subscribers.
Persons: Aravind Srinivas, Perplexity, , Google's, Gemini Organizations: Service, Google, Business
SCOTUS on Friday established new rules for the social media accounts of public officials. AdvertisementThe US Supreme Court on Friday handed down a decision establishing new rules for how public officials must behave on social media. Accounts clearly marked as personal, even if run by a state official, are granted more leniency and protection under the First Amendment. Advertisement"The distinction between private conduct and state action turns on substance, not labels: Private parties can act with the authority of the State, and state officials have private lives and their own constitutional rights," she continued. The issue of allowing public officials to block users on social media has been heard by the court before, when in 2017, Trump was challenged by the Knight Foundation over his choice to block critics on Twitter.
Persons: SCOTUS, , Amy Coney Barrett, Kevin Lindke, James Freed, Freed, Lindke, Lucy, Husband, Jessie, Barrett, Trump, Friday's, Gary Lawkowski Organizations: Service, State, Knight Foundation, Twitter, Dhillon Locations: Detroit, Port Huron , Michigan, Port Huron , MI
Video footage from the AFP news agency showed the ship visible off the shore of the Gaza Strip on Friday morning London time. Israel last year agreed to work with Cyprus in setting up an aid corridor across the sea between the European Union member and the Gaza Strip. Trucks carrying humanitarian aid and food supplies at the Kerem Shalom Crossing on the Israel-Gaza border. Bloomberg | Bloomberg | Getty ImagesA spokesperson for the Israel Defense Forces said it continues to expand its efforts to enable the entry of humanitarian aid into the Gaza Strip. Earlier this month, Refugees International released a report that alleges that Israel is obstructing the entry of life-saving supplies into the Gaza Strip.
Persons: , Juliette Touma, Ahmad Hasaballah, Nebal Farsakh, Farsakh, Israel, Touma, Menahem Kahana, Philippe Lazzarini, Jesse Marks, Jordan, José Andrés, Jose Andres, Sen, Chris Coons, Peter Welch, Andres, Chip Somodevilla Organizations: Afp, Getty, AFP, European Union, Israeli Foreign Ministry, United Nations Relief, Works Agency for Palestine Refugees, CNBC, Palestinian Health Ministry, Palestine Red Crescent Society, West Bank, Bloomberg, Israel Defense Forces, United Arab Emirates, ., IDF, Palestinian, Refugees International, UN, Gaza, Arms, U.S, Capitol Locations: Cypriot, Larnaca, Gaza, Spanish, Cyprus, Israel, Rafah, Egypt, Palestine, Israeli, Kerem, U.S, United States, Israel's, Morocco, Israel's Ben Gurion, WASHINGTON, DC, Washington ,
Apple still hasn't responded to Spotify's request to update its EU app with price information. Spotify claims the silence is Apple's way of "avoiding" compliance with the DMA, per The Verge. Spotify issued the update a day after the EU hit Apple with a nearly $2 billion fine. AdvertisementNot even a nearly $2 billion fine from the European Commission seems to be able to stop Apple from beefing with Spotify. Apple reportedly hasn't acknowledged the update Spotify made to the European version of its app, according to an email Spotify sent to the EU Commission The Verge obtained.
Persons: , hasn't Organizations: Apple, Spotify, EU, Service, Business
The CEO of Palantir said the company has lost employees due to its support of Israel. AdvertisementPalantir CEO Alexander Karp said the company has lost employees due to its public support for Israel. "We've lost employees. I'm sure we'll lose employees," Karp said in an interview with CNBC's " Money Movers " on Wednesday. From my perspective it's not just about Israel," Karp told CNBC on Wednesday.
Persons: Palantir, , Alexander Karp, We've, Karp, CNBC's, it's, Google Israel, Axel Springer's, Axel Springer Organizations: Service, Israel, Israeli Ministry of Defense, CNBC, Hamas, Apple, Google, Microsoft, BlackRock, Wired, Business Insider, Palantir, Insider Inc, Business Locations: Israel, Tel Aviv, Ukraine, Gaza
A ship carrying humanitarian aid to Gaza is en route from Cyprus, according to nonprofit World Central Kitchen, which said it was the first maritime shipment of humanitarian aid to the enclave. The departure comes after announcements that Cyprus, the European Union, the United States, the United Arab Emirates, and the United Kingdom were working to establish a maritime corridor to deliver aid to Gaza. World Central Kitchen said it planned to distribute supplies for roughly 500,000 meals once the vessel reaches Gaza, including rice, flour, beans, lentils, and canned meats. The UN welcomed the news of the shipment but stressed it was “not a substitute” for overland assistance to Gazans on the verge of famine. The UN World Food Programme said a food convoy reached Gaza City on Tuesday —the first to successfully access the northern part of the enclave since February 20.
Organizations: European Union, United Arab, UN, Food Locations: Gaza, Cyprus, United States, United Arab Emirates, United Kingdom, Gaza City
Here's why the U.S. wants to ban TikTok
  + stars: | 2024-03-13 | 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 EmailHere's why the U.S. wants to ban TikTokNilay Patel, The Verge editor-in-chief, joins 'Money Movers' to discuss Patel's read on the House passing the bill that would ban TikTok, what the bill really is at its core, and implications for other social media companies.
Persons: TikTok Nilay Patel
When the Pandemic Hit Home
  + stars: | 2024-03-12 | by ( Catherine Pearson | ) www.nytimes.com   time to read: +11 min
The World Health Organization declared Covid-19 a pandemic on March 11, 2020 — but we all have our own memories of when normal life stopped. ASIA EDWARDS, 39, BLOOMFIELD, N.J.Johnna Wallace While driving to work at the beginning of the pandemic, I couldn’t help but wonder: Was this how I was going to die? I am an emergency room nurse. Scott McGlasson My 55-year-old wife was dying from metastatic breast cancer when the pandemic hit. WENDY LAMPARELLI, 57, RIDGEFIELD PARK, N.J.Ellen Blossom Our home was hit by a tornado on March 3.
Persons: Sheehan Fisher, Katie MacGregor, KATIE MacGREGOR, WHITING , MAINE Asia Edwards Covid, ASIA EDWARDS, Johnna Wallace, JOHNNA WALLACE, Julie DeJager, Tom Hanks, JULIE DeJAGER, CLEVELAND , OHIO Katherine Schwartz, Covid, it’ll, , Wanda, KATHERINE SCHWARTZ, Jean Martirez Barton, , , JEAN MARTIREZ BARTON, Lauren Alzos, I’d, LAUREN ALZOS, BROOKLYN Farah Alvin My, Chuck E, cupcakes, ” FARAH ALVIN, Vicky Fleming I’m, VICKY FLEMING, Scott McGlasson, SCOTT McGLASSON, MINNEAPOLIS Aisha McMillan, AISHA McMILLAN, BALTIMORE Melissa Manning, MELISSA MANNING, CITY Sarah Cornwell, SARAH CORNWELL, Christie Poulton, CHRISTIE POULTON, Wendy Lamparelli, WENDY LAMPARELLI, Ellen Blossom, ELLEN BLOSSOM, NASHVILLE Maryann Briggs, Jasmine, MARYANN BRIGGS, Matt Dominianni, MATT DOMINIANNI, Carrie Shanafelt, CARRIE SHANAFELT, BRONX Ali Jordahl, Terri Tilford, I’m immunocompromised, TERRI TILFORD, Tim Prendergast, TIM PRENDERGAST Organizations: World Health Organization, Northwestern University Feinberg School of Medicine, The Times, Costco, GREAT, BJ’s Wholesale, Broadway, CITY, NASHVILLE, Bronx ., BRONX, ALI, ATLANTA, TIM Locations: Mason City , Iowa, WHITING , MAINE Asia, BLOOMFIELD, N.J, DURHAM, CONN, CLEVELAND , OHIO, New Mexico, Chicago, Albuquerque, EVANSTON, Manhattan, BROOKLYN, P.P.E, GREAT BARRINGTON, MINNEAPOLIS, BALTIMORE, HILLSBORO, RIDGEFIELD PARK, Covid, BOULDER, COLO, Bronx, Atlanta, PALM SPRINGS, CALIF
There's still a big risk of the US economy hitting a recession, Michael R. Strain wrote in Project Syndicate. Some key signals are pointing to a recession on the horizon, he wrote. "The economic outlook is unusually murky, with different sets of indicators telling different stories." "The economic outlook is unusually murky, with different sets of indicators telling different stories," Strain wrote for Project Syndicate on Monday. But those indicators also suggest that a hard landing — a recession — is more likely than a soft landing."
Persons: There's, Michael R, Strain, Organizations: Project Syndicate, Service, American Enterprise, Business
That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.
Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategas' Chris Verrone names these sectors as being on the verge of a breakoutChris Verrone, Strategas head of technical and macro research, joins 'Closing Bell' to discuss which sectors he believes are on the verge of a breakout.
Persons: Chris Verrone
CNN —The Biden administration is not anticipating that Israeli forces will imminently expand their military operations into Rafah, two US officials told CNN, with the holy month of Ramadan set to begin Monday for most Muslims. Prime Minister Benjamin Netanyahu has said that regardless of a deal, he plans to send the military into Rafah. “Once we begin the intense action of eradicating the Hamas terrorist battalions in Rafah, it’s a matter of weeks, if not months. Families are already living with severe shortages of food, water, medicine and shelter, and the daily risk of being killed. CIA Director Bill Burns, who has led US efforts, was back in the Middle East last week meeting with Qatari, Egyptian and Israeli counterparts.
Persons: CNN —, Biden, Benny Gantz, Ramadan, Benjamin Netanyahu, “ We’ll, We’re, ” Netanyahu, Axel Springer, , Joe Biden, ” Biden, Netanyahu, , Bill Burns, , John Kirby, CNN’s Mitchell McCluskey, Michelle Shen Organizations: CNN, Hamas, MSNBC, Politico, United Nations, CIA, Biden White, National Security, House Locations: Rafah, Washington, Gaza, , it’s, Israel
ChatGPT uses more than half a million kilowatt-hours of electricity daily, The New Yorker reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The publication reported that the average US household uses around 29 kilowatt-hours daily. Dividing the amount of electricity that ChatGPT uses per day by the amount used by the average household shows that ChatGPT uses more than 17 thousand times the amount of electricity. "You're talking about AI electricity consumption potentially being half a percent of global electricity consumption by 2027," de Vries told The Verge.
Persons: , buzzy, Alex de Vries, de Vries, Vries, OpenAI Organizations: Yorker, Service, New Yorker, Dutch National Bank, Joule, Big Tech, Nvidia —, Cisco, New Street Research, CNBC, Samsung, Microsoft, Consumer Energy Solutions Locations: New, Kenya, Guatemala, Croatia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Google engineer who publicly protested a talk by the head of Google Israel is now out of a job. Google did not immediately return Business a request for comment from Business Insider on Saturday. Google workers have previously voiced their concerns over fears that Israel could use the contract to support its military. Google workers also flooded the company's employee message board with comments about Project Nimbus on Thursday, CNBC reported.
Persons: , Barak Regev, Regev, Ariel Koren, Sundar Pichai, Axel Springer Organizations: Service, Google, Business, CNBC, Tech, Nimbus, YouTube, Austin City Council Locations: New York City, Israel, Google's, York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Open AI probe was launched in December, a few weeks after the board announced Altman's shocking departure and reinstatement. The company formed a special committee that hired WilmerHale to conduct a probe of the events surrounding Altman's sudden firing. AdvertisementDetails of Altman's strained relationship with OpenAI's former board members and employees were known days after the CEO was booted from the company. AdvertisementThe latest Times report from Thursday revealed that Mira Murati, OpenAI's chief technology officer, was instrumental in Sam Altman's ousting.
Persons: , Sam Altman, WilmerHale, Altman, ChatGPT, Tasha McCauley, Helen Toner, Ilya Sutskever, Adam D'Angelo, Larry Summers, Bret Taylor, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Mira Murati, Sam Altman's, Murati, Ilya Organizations: Service, Business, New York Times, Melinda Gates Foundation, Sony, Times, OpenAI
The Senate is racing the clock to pass a package of six government funding bills ahead of a shutdown deadline at the end of the day Friday. Once the package of funding bills passes the Senate, it can be sent to President Joe Biden to be signed into law as the House passed the measure on Wednesday. The finalized package of spending bills – backed by the top Democrats and Republicans in both chambers – represents a major breakthrough for lawmakers. But the work isn’t over yet: Lawmakers still need to finalize and pass a second slate of funding bills prior to the March 22 deadline. The package also includes funding for rental assistance and other child nutrition programs, including the school lunch program.
Persons: Joe Biden, Mike Johnson, Biden, Organizations: Lawmakers, Republicans, Agriculture, Commerce, Justice, Veterans Affairs, Energy, Housing, Urban Development, and Drug Administration, House Republicans, WIC, Department of Justice, Biden, ATF, FBI, Biden Administration, Caucus Locations: Transportation, China
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