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UAW wins key vote to represent Ohio EV battery factory
  + stars: | 2022-12-09 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —Workers at the Ultium Cells plant, co-owned by General Motors and Korean giant LG, voted overwhelmingly this week to join the United Auto Workers union. Like Ultium most of those battery plants are joint ventures with battery makers rather than wholly owned by the automakers themselves. That means the workers at those new plants will not be part of the UAW unless they vote to join. So it’s crucial for the UAW to be able to organize these slew of joint venture battery plants popping up nationwide. While GM (GM) is not the sole owner of the plant, its executives welcomed the union in hopes it helps to maintain labor peace with contract talks looming next fall.
She eventually learned that the balance issues and ear pain resulted from a damaged vestibular nerve, a known effect of long Covid. She found that 2 million to 4 million full-time workers are out of the labor force due to long Covid. For one, many of the hundreds of potential long Covid symptoms are invisible to others, even if disabling for the afflicted. Why the long Covid labor gap mattersJerome Powell, chair of the Federal Reserve, mentioned Sheiner and Salwati's long Covid research in a recent speech about inflation and the labor market. That burden will continue to rise if long Covid patients don't start recovering at greater rates, she said.
Under Gina Raimondo, the Commerce Department has played a key role in the Biden administration’s economic strategy against China. WASHINGTON—The U.S. isn’t seeking to decouple from China, U.S. Commerce Secretary Gina Raimondo will assert Wednesday, even as she emphasizes steps the U.S. is taking to safeguard its technology to ensure its economic competitiveness. Ms. Raimondo is scheduled to speak Wednesday on U.S. competition with China at the Massachusetts Institute of Technology. At a briefing with reporters in advance, Ms. Raimondo highlighted the importance of promoting trade and investment in areas outside of core economic and national security interests.
But the rare cosmic event actually occurred 8.5 billion light years away from Earth, when the universe was just a third of its current age — and it has created more questions than answers. This graphic shows how a tidal disruption event might look in space. Carl Knox/OzGrav/Swinburne University of TechnologyWhen a star is torn apart by a black hole’s gravitational tidal forces, it’s known as a tidal disruption event. Observing more events like this could reveal how black holes launch such powerful jets across space, according to the researchers. “Scientists can use AT 2022cmc as a model for what to look for and find more disruptive events from distant black holes.”
It's now clear to U.S. officials that China, once considered a possible economic and political ally, has become an emerging threat to national security, U.S. companies and American workers, Commerce Secretary Gina Raimondo said Wednesday. "China's reprioritization away from economic growth toward national security and its assertive military behavior means that we have to rethink how we protect our national security interests while also promoting our interests in trade and investment." "Probably most disturbingly is they're accelerating their efforts to fuse economic and technology policies with their military ambitions," Raimondo said. "China today poses a set of growing challenges to our national security," she said. But in areas that have no potential to undermine our interests, our values, our national security, our economic security, and at the same time using every tool in our toolbox to protect our companies and counter unfair economic practices," Raimondo said.
Republican leader Kevin McCarthy is struggling to secure the 218 votes he needs to be elected speaker of the House in January. In this game of chicken, if the conservatives don’t blink and McCarthy refuses to back down, it could result in a chaotic floor fight with House members taking multiple votes for speaker — something that has not happened in a century. The House was called to order at noon and the chamber moved to the first order of business: electing the speaker. The House held three more unsuccessful votes for speaker that day before adjourning just after 2 p.m. The date was Feb. 2, 1856, two months after the first speaker vote.
Alameda's former co-CEO used poker and blackjack strategies in crypto trading, Bloomberg reported. Tweets and public comments by Sam Trabucco indicate the former Alameda executive employed poker and blackjack strategies in crypto trading, according to the Bloomberg report. Trabucco frequently revealed how much he applied what he learned from his time at card tables to the crypto market, Bloomberg reported. According to the report, Trabucco in January 2021 said Alameda employed risky bets in the firm's business. FTX may have more than a million creditors and Ray slammed its operations in FTX's bankruptcy filings.
Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. Jamie Kelter Davis/Bloomberg/Getty ImagesEver since he was a child growing up in Melbourne, Florida, Scaringe wanted to start his own car company. At the time, the idea of starting a car company seemed very farfetched. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child.
Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. A Rivian R1T pickup truck at the company's manufacturing facility in Normal, Illinois. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child. In 2021, Ford revealed the F-150 Lightning electric truck, which went into production this year.
LONDON, Nov 21 (Reuters) - Repeated shelling of the Zaporizhzhia nuclear power plant in southern Ukraine has raised the possibility of a grave accident just 500 km (300 miles) from the site of the world's worst nuclear accident, the 1986 Chornobyl disaster. What nuclear material is at Europe's largest nuclear power plant, what are the risks and why are Russia and Ukraine fighting over it? The Zaporizhzhia nuclear power plant has six Soviet-designed VVER-1000 V-320 water-cooled and water-moderated reactors containing Uranium 235, which has a half-life of more than 700 million years. The biggest risk is from overheating nuclear fuel, which could happen if the power that drives the cooling systems was cut. Besides the reactors, there is also a dry spent fuel storage facility at the site for used nuclear fuel assemblies, and spent fuel pools at each reactor site that are used to cool down the used nuclear fuel.
CNN —The James Webb Space Telescope has spied one of the earliest galaxies formed after the big bang, about 350 million years after the universe began. Webb’s capability to look deeper into the universe than other telescopes is revealing previously hidden aspects of the universe, including astonishingly distant galaxies such as these two finds. Two distant galaxies were observed by the James Webb Space Telescope. Just a few hundred million years after the big bang, there were already lots of galaxies. Detection of light invisible to the human eyeThe new findings about the two galaxies might mean there are other bright galaxies waiting to be found in the distant universe.
Sequoia was shocked at the amount of money Bankman-Fried needed to save FTX, according to the sources, while Apollo first asked for more information, only to later decline. The booklet flagged the risks of crypto trading, particularly how sudden sales of tokens could trigger a "domino effect" that would lead to a "cascading set of liquidity failures." Using profits from Alameda, Bankman-Fried launched FTX in 2019. From almost nothing in 2019, FTX handled about 10% of global crypto trading this year, a September document shows. At one point, he lived in a penthouse overlooking the Caribbean, valued at almost $40 million, according to two people who worked with FTX.
This year, about 630,000 more Americans per month are calling out sick for a week or more than pre-pandemic. Even though an elevated number of workers are still getting sick, employers are losing their patience. One union told Insider that the disparity highlights the need for guaranteed sick leave. "UFCW fights hard to ensure guaranteed sick leave is included in our contracts so employers can't simply cut back on leave because they're 'tired of excuses.'" When it comes to low-wage employees, over 60% don't have access to sick leave, according to a September study from the Economic Policy Institute.
Peter Thiel's venture-capital firm, Founders Fund, just led a $40 million raise for ISEE. CEO Yibiao Zhao told Insider the startup's first focus was software for trucks in logistics yards. Peter Thiel's venture-capital firm just led a $40 million investment into a little-known self-driving-tech startup whose founders plan to help solve the supply-chain crisis. The raise is sizable considering today's economic environment has seen less funding going toward mobility, including autonomous tech. "We don't build trucks," Zhao said.
The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Bankman-Fried sent out a series of tweets on Friday stating his hope that FTX would be able to continue as a going concern following its bankruptcy. Media outlets have reported that the Securities and Exchange Commission and Justice Department are now investigating FTX. In the days following the report, rival crypto exchange Binance announced it was liquidating its FTT holdings. Unable to find an out, FTX announced its bankruptcy filing Friday morning.
Nov 11 (Reuters) - Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping off a tumultuous week for the industry. Following are some facts about the co-founder and former CEO:EDUCATION AND VENTURES BEFORE FTXBorn in 1992, Sam Bankman-Fried grew up in California. Bankman-Fried later graduated from the Massachusetts Institute of Technology (MIT) with a degree in physics. After a more than three-year stint at the New York-based firm, he moved to crypto trading and founded Alameda Research in 2017. The company offered trading on crypto tokens and derivatives, while also boasting of a robust risk management system.
On Thursday, CoinDesk unearthed more secrets about the inner workings of Bankman-Fried's crypto empire, including the untraditional makeup of his inner circle. Those sources told CoinDesk that both operations were run by Bankman-Fried's inner circle of 10 roommates. Among the named members of Bankman-Fried's inner circle were Caroline Ellison, Alameda's current CEO. Some employees outside Bankman-Fried's inner circle noted that they were shocked by the events of the past week. "Some employees kept their life savings on FTX," an anonymous source told CoinDesk.
It also includes a star fintech banker and leading voice on the Black experience on Wall Street. Here are 5 top names who will help shape the Wall Street of tomorrow. In the 12 years that he's been at Goldman, Watkins has helped Goldman advise on some of the technology industry's biggest transactions. He has also been a leading voice in discussing the Black experience on Wall Street. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO.
Republican Sarah Huckabee Sanders is running against Democrat Chris Jones in Arkansas' gubernatorial race. Sanders, a former Trump administration official, is the daughter of former Arkansas Gov. Election 2022 Arkansas Results Explore more election results Alaska Arizona California Colorado Connecticut Florida Georgia Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Michigan Minnesota Nevada New Hampshire New Mexico New York North Carolina Ohio Oregon Pennsylvania Rhode Island Texas Virginia Washington WisconsinRepublican Sarah Huckabee Sanders faces off against Democrat Chris Jones in Arkansas' gubernatorial election. Arkansas' gubernatorial candidatesSanders is the daughter of former Arkansas Gov. Jones, Sanders' opponent, is a nuclear engineer with a Ph.D. in urban planning from the Massachusetts Institute of Technology.
Republican Sarah Huckabee Sanders ran against Democrat Chris Jones in Arkansas' gubernatorial race. Senate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Governor Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Statehouse Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Republican Sarah Huckabee Sanders defeated Democrat Chris Jones in Arkansas' gubernatorial election, becoming the state's first elected woman governor.
Palm oil grows best in the regions right around the equator, so palm oil producers chop down rainforest and clear that felled vegetation by burning it, making it a prime target of conservation organizations like the Rainforest Rescue and the World Wildlife Fund. Palm oil trees grow at the Cikasungka palm oil plantation, operated by PT Perkebunan Nusantara VIII, in Bogor Regency in West Java, Indonesia, on Monday, June 20, 2022. To make its palm oil alternative, C16 Biosciences uses a wild yeast microbe that makes a functional equivalent to palm oil with a kind of fermentation process. Photo courtesy: Cat Clifford, CNBCChemically, the palm oil that C16 Biosciences makes is not identical to the palm oil that is grown in industrial agriculture farms. However, "it contains the same fatty acids, which are the molecular fingerprints of fats and oils, that palm oil does," Heller told CNBC.
Stanford University's endowment posted a 4% loss after gaining 40% the year before, per the WSJ. Other leading US schools have seen big swings from record returns on endowments to losses, it reported. It was among several academic institutions that saw falling returns on investments in the fiscal year ended June 30, the WSJ reported Monday. Meanwhile, Harvard University, the richest college in the US with a $51 billion endowment, saw a 1.8% loss after scoring a 33.6% gain. Stanford ranked third out of the 10 US universities with the largest endowments in 2021, per Statista, with an endowment fund value of $37.8 billion.
OAKLAND, Calif., Nov 1 (Reuters) - Quantum computer startup QuEra, born from researchers at Harvard University and the Massachusetts Institute of Technology, said on Tuesday its computer is now accessible to the public through Amazon.com (AMZN.O) cloud's quantum computer service Braket. It is the first neutral atom quantum computer to join Braket, which offers five other quantum computers on the cloud - Rigetti Computing, IonQ, D-Wave, Xanadu Quantum Technologies and Oxford Quantum Circuits. Richard Moulds, Braket's general manager, said the service makes it easy and cost effective for researchers to test out different types of quantum computers. Braket, which has been up and running for over two years, has a software layer that allows researchers to use their algorithms for any of the quantum computers on the cloud. Amazon is also developing its own quantum computer, said Moulds.
Investment returns for university endowments have fallen back to earth after scoring their biggest gains in a generation the year before, reflecting a dramatically changed investment environment in which stocks, bonds and other assets have sold off sharply. The endowment of Washington University in St. Louis lost 10.6% in the fiscal year ended June 30 after notching a 65% gain the prior year, the school told The Wall Street Journal, shrinking its size to $13.3 billion. Other schools that have reported big swings in their multibillion-dollar endowments include Stanford University, which lost 4.2% after gaining 40.1% previously; Brown University, down 4.6% after posting a 51.5% increase; and the Massachusetts Institute of Technology, down 5.3% after rising 55.5%.
Why Khosla thinks short-term goals are a mistakeFocusing on "short term goals will force us to deploy suboptimal technology," Khosla told CNBC. And if it doesn't do that, it's the wrong technology," Khosla told CNBC. Nuclear fusion is one example of the kind of breakthrough technology Khosla considers critical, but which will not be commercialized by 2030. "But I'm not interested in today's geothermal, because it is such a niche — it doesn't scale," Khosla told CNBC. And that's what we need," Khosla said.
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