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☆ Analysis: Biden's IRA climate bill won't cut deficit as expected
▼ + stars: | 2023-06-16 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +8 min

The White House estimated, and independent budget analysts agreed, it could cut the deficit by $300 billion over the next decade. The tax credits have been massively popular with companies, spurring new investments and boosting job growth, environmental benefits -- and the price tag. The bill will add $750 billion to the nation’s deficit over ten years, according to Smetters. White House officials say revenue will outpace original congressional estimates, and they point to the millions of jobs the IRA is expected to create. “We’re going to have more deployment and achieve more emissions reductions than we initially thought,” the White House official said.

Persons: Joe Biden, Biden, ”, Kent Smetters, Goldman Sachs, Joe Manchin, Manchin, we've, Joe Biden’s, Tesla, Smetters, ” Smetters, “ We’re, Merck, Jarrett Renshaw, Heather Timmons, Alistair Bell Organizations: White House, Penn Wharton Budget Model, White, Congressional, Credit Suisse, University of Pennsylvania’s Wharton Business School, U.S, Democrat, Credit, Office, University of Pennsylvania, European Union, EV, Biden, Republicans, CBO, Amazon, Pepsi, Home, Thomson Locations: U.S, Japan

☆ Teamsters will likely authorize a UPS strike Friday
▼ + stars: | 2023-06-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Members of the Teamsters union are almost certain to approve a massive strike at UPS in a vote concluding Friday. More than 330,000 Teamsters work at UPS (UPS), making it the largest unionized employer in the private sector. And it is crucial to the nation’s economy, with an estimated 6% of the United States’ gross domestic product, the broadest measure of economic activity, moving aboard UPS (UPS) trucks. UPS workers and Teamsters members during a rally outside a UPS hub in the Brooklyn borough of New York, US, on Friday, April 21, 2023. But Teamsters General President Sean O’Brien, while acknowledging the progress that has been made, refuses to say whether he thinks a strike is likely or not.

Persons: Teamsters haven’t, Paul Frangipane, ”, Will, Carol Tome, ” Tome, Sean O’Brien, “, James P, Hoffa, O’Brien, ” O’Brien Organizations: New, New York CNN, Teamsters, UPS, United, Occupational Safety, Health Administration, Bloomberg, Deutsche Bank, CNN, Teamster Locations: New York, United States, Texas, Brooklyn

☆ As China's intelligence capabilities grow, spying becomes an increasing flashpoint in ties with US
▼ + stars: | 2023-06-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +12 min

They underscore how intelligence gathering – an activity meant to go on without detection, out of the public eye – is becoming an increasingly prominent flashpoint in the US-China relationship. That pushes intelligence gathering itself to become “another factor that is complicating US-China relations,” he said. That’s especially the case, experts say, as China continues to expand its own intelligence gathering capabilities – catching up in an area where the US has traditionally had an edge. Other arms of the Communist Party apparatus also play a role in activities beyond conventional intelligence gathering, experts say. Heightened concern and awareness about Chinese intelligence gathering – or the potential for it – has exploded in the US in recent years.

Persons: Antony Blinken, Blinken, Bill Burns, ”, Lyle Morris, Christopher Johnson, “, there’s, they’ve, Johnson, Xi Jinping, That’s, Xuezhi Guo, Guo, Xi, Hector Retamal, –, TikTok –, Edward Snowden, ’, Shou Zi Chew, Jabin, John Delury, John T, Downey, Delury Organizations: Hong Kong CNN, US, White House, CIA, CNN, Asia Society, Center for, Central Intelligence Agency, China, Group, U.S . Navy, AP, Guilford College, People’s Liberation Army, Ministry of State Security, Communist Party, Federal Bureau of Intelligence, The New York Times, Huawei, TikTok, Tiktok, US Justice Department, China Initiative, Center for Strategic, International Studies, National Security Agency, US Central Intelligence Agency, Washington, China ”, Energy, Commerce, Capitol, Washington Post, Subversion Locations: Hong Kong, United States, China, Beijing, American, Cuba, US, Center for China, South, Russia, AFP, Washington, USA, South China, Washington , DC

☆ Trump's Republican rivals criticize 'weaponization' of DOJ after indictment
▼ + stars: | 2023-06-09 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

"The weaponization of federal law enforcement represents a mortal threat to a free society," DeSantis, who is running a distant second behind Trump in the polls, wrote on Twitter. Scott, who is polling in the single digits, also criticized what he called the "weaponization" of federal prosecutors. A spokesperson for Special Counsel Jack Smith, the Justice Department official who is handling the investigation, declined to comment. Rivals are wary of angering Trump's base, which is thought to make up 30% of the Republican electorate and is largely unshakeable in support for Trump. If the indictments pile up, Coughlin predicts the other Republican candidates will start to argue that Trump cannot win the general election.

Persons: Donald Trump's, Trump, Joe Biden, Ron DeSantis, Tim Scott, DeSantis, Scott, Jack Smith, Biden, “, ” Biden, Vivek Ramaswamy, Asa Hutchinson, Hutchinson, Chris Christie, Trump's, Chuck Coughlin, Coughlin, There's, Nathan Layne, Dan Whitcomb, Colleen Jenkins, Lincoln Organizations: Trump, Republican, Democratic, Florida, Justice Department, Twitter, Fox News, White House, Biden's, Former Arkansas, Former New Jersey, Republicans, Rivals, U.S, Capitol, Thomson Locations: U.S, New York, Arizona, Georgia

☆ See inside Wave House, the legendary Malibu beach home once owned by Rod Stewart that just listed for $49.5 million
▼ + stars: | 2023-06-07 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +2 min

A house that juts out over Malibu's coveted beach hit the market for the first time in 36 years. Rod Stewart bought it in the 1970s and sold it to record executive Mo Ostin in 1987. The house was designed to look like a set of cresting waves by California architect Harry Gesner. The Coopers were friends with California architect Harry Gesner, and commissioned Gesner to design a house for their family that encapsulated their affinity for the outdoors. The estate of Mo Ostin, the home's most recent owner and onetime record executive who's known for signing Jimi Hendrix and The Kinks, listed the property in early June for $49.5 million.

Persons: Rod Stewart, Mo Ostin, Harry Gesner, —, Gerry Cooper, Gesner, Glenn Cooper's, Cooper, Lisa Germany, Jimi Hendrix Organizations: Service, Glenn, Coopers, Malibu Colony Locations: California, Malibu, Mo

☆ I tried Apple’s new headset. Here’s what it’s like to use
▼ + stars: | 2023-06-06 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

The headset blends both virtual reality and augmented reality, a technology that overlays virtual images on live video of the real world. The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC23 developer conference with the announcement of the new Apple Vision Pro mixed reality headset. During another demo, an Apple employee wearing a Vision Pro headset FaceTimed me from the other side of campus. The Vision Pro has the potential to do all of that in an even more striking way.

Persons: I’d, Alicia Keys, Tim Cook, Apple, Justin Sullivan, “, Alan Dye, else’s, ”, Cook, Bob Iger Organizations: CNN, Apple, Apple Vision, Apple Worldwide, Vision Pro, Vision, Hollywood, Disney, Geographic, Marvel, ESPN, Apple Watch Locations: Cupertino , California

☆ Engineers modeled the disastrous flood that would follow a key dam in Ukraine being destroyed. The reality is even worse, they say.
▼ + stars: | 2023-06-06 | by ( Mia Jankowicz | Marianne Guenot | ) www.businessinsider.com time to read: +2 min

Engineers predicted what would happen if Ukraine's Kakhovka Nova dam was breached. The dam was breached for real on Tuesday, and the reality is worse than predicted, one said. Russia and Ukraine are blaming each other for destroying the dam. In the wake of the news, animated maps created in October last year by Swedish engineers Dämningsverket have widely recirculated on social media. He told Insider: "The real dam break looks worse than the scenario I modeled because of higher water levels in the reservoir than what I had anticipated."

Persons: —, Dämningsverket, Henrik Ölander, Hjalmarsson, I'm, Volodymyr Zelenskyy Organizations: Engineers, Service, New Civil, New York Times Locations: Russia, Ukraine, Kherson —

☆ Florentijn Hofman’s ‘Rubber Duck’ returns to Hong Kong — and now there are two
▼ + stars: | 2023-06-06 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —A decade since it famously appeared in Victoria Harbour, Dutch artist Florentijn Hofman’s “Rubber Duck” sculpture has returned to Hong Kong. “Double duck is double luck,” Hofman said in a statement. One of artist Florentijn Hofman's "Rubber Duck" sculptures famously appeared in Hong Kong's Victoria Harbour in 2013. In the years since first arriving in Hong Kong, “Rubber Duck” has appeared in the waters of cities such as Seoul and Los Angeles. Ahead of the installation, images of the pair have been pasted on the side of the city’s trams and at subway stations around Hong Kong.

Persons: Florentijn, peng ”, ” Hofman, . Cheng, Jiang Zemin Organizations: CNN, Ducks, Victoria Harbour, South China Morning, Social Locations: Victoria Harbour, Hong Kong, Tsing, France, Osaka, Sydney, Sao Paolo, Hong, Victoria, South, Weibo, Seoul, Los Angeles, Keelung, Santiago , Chile

☆ It’s Called the Grand Canyon, Not the Eternal Canyon
▼ + stars: | 2023-06-06 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

When I was there with the scientists, we talked about this human dent, but we also talked a lot about geology. About how mundane, ever-churning forces like plate tectonics, weather and gravity, when applied over long enough time scales, can cause colossal changes to landscapes and rocks. At any point in time, the world we see is somewhere in between being created and being destroyed. The Grand Canyon as we know it is pretty young by geologic standards, only about six million years old. You can read my full article from the canyon here.

Persons: you’re, they’re Locations: Colorado

☆ Mexican president urges unity among ruling party contenders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 6 (Reuters) - Mexican President Andres Manuel Lopez Obrador said he had sought to promote unity within the ruling National Regeneration Movement (MORENA) during a dinner on Monday evening attended by the party's main contenders to succeed him. Ebrard is one of the leading contenders to succeed Lopez Obrador, though most recent polling has tended to give Mexico City Mayor Claudia Sheinbaum a slight edge in the race. Lopez Obrador said Ebrard, Sheinbaum and Interior Minister Adan Augusto Lopez, another presidential hopeful, were at the dinner, where MORENA leaders congratulated party stalwart Delfina Gomez for winning the State of Mexico's gubernatorial election on Sunday. "And we also met to maintain unity, so that there aren't divisions," the leftist president told reporters. Reporting by Dave Graham; Editing by Isabel Woodford and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, MORENA, Marcelo Ebrard, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Ebrard, Adan Augusto Lopez, Delfina Gomez, Dave Graham, Isabel Woodford, Paul Simao Organizations: MEXICO CITY, Regeneration, Mexico City Mayor, Thomson Locations: MEXICO, Sheinbaum, Mexico's

☆ Technology tipping the scales? Why tipping pressure to tip is growing in U.S.
▼ + stars: | 2023-06-05 | 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 EmailTechnology tipping the scales? Why tipping pressure to tip is growing in U.S.Wall Street Journal’s Rachel Wolfe and Lending Tree’s Matt Schulz join 'Power Lunch' to discuss why tipping culture is causing a backlash across the U.S.

Persons: Rachel Wolfe, Matt Schulz Organizations: Technology, Wall Locations: U.S

☆ Corporate America Scales Back Hopes for China Revival
▼ + stars: | 2023-06-03 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/corporate-america-scales-back-hopes-for-china-revival-e20e62cf

Persons: Dow Jones

☆ Travel news: Best airlines, city break inspirations and ambitious bridges
▼ + stars: | 2023-06-03 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In CNN Travel’s latest news roundup, we bring you the world’s best airlines for 2023, city break inspiration from Texas to Mongolia to Ecuador and why China might have overstretched itself by building a 15-mile, $6.7 billion bridge. Air New Zealand – which just topped a list of 2023’s best airlines – is on the case by asking all of its international departing travelers to hop on the scales as part of a passenger weight survey, the results of which are thankfully anonymous. Destination inspirationPop quiz: What was the world’s first capital city be listed as a UNESCO World Heritage Site? And now that the country’s president has vowed to revitalize the city, the future’s looking bright, too. Here’s our roundup of 20 of the world’s best nude beaches.

Persons: CNN —, CNN Travel’s, Genghis, Kublai, it’s, Richard Linklater’s, Matthew McConaughey’s, San, Trevi Fountain, Venice, ”, Mount Everest’s Organizations: CNN, Air, Zealand, Federal Aviation Administration, Airbus, UNESCO, Developers, Pride Locations: Texas, Mongolia, Ecuador, China, United States, America, Rome, Athens, Quito, Inca, Karakorum, Austin , Texas, Bay Area, San Francisco, New York, Rwanda, Kigali, Dubai, Nantucket, Mount

☆ Stock market scales steep wall of worry to approach one-year high
▼ + stars: | 2023-06-03 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500 this year Yet with it all, the S & P 500 managed three closes in a week above the 4200 level deemed by most to be the top of its range, before jumping 1.5% Friday to finish at 4282 – just half a percent below its August peak closing value. S & P 500 poised to break out The trip to 4300 today comes under quite different, and less malign, conditions. Back then there was still nearly 300 basis points of Fed tightening ahead of us and earnings forecasts were dropping fast. Even at the August stock-index highs, the CBOE S & P 500 Volatility Index was scarcely able to drop below 20 – typically a floor during bear markets. In the near term, the S & P 500 looks a bit stretched, the index pushing well above its trend channel – a sign both of respectable strength and temporary overheating.

Persons: –, Jerome Powell, Russell, Jeff DeGraaf, it's, Let's Organizations: Federal, Treasury, Fed, Renaissance Macro Locations: U.S

☆ KKR built a new client portal on AWS that helped the PE giant cut costs by 50%. An exec breaks down 3 things he wishes he knew ahead of time.
▼ + stars: | 2023-06-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

KKR built a new client portal to replace a legacy one built using vendor tech. KKR had a problem with its client portal. When clients faced issues with the portal, KKR had no visibility into what was causing the problem and could only open a ticket with the vendor, he said. In 2020, KKR embarked on a total rebuild of its client portal, which eventually launched in the summer of 2021. The new portal was built on AWS, where KKR has already moved much of its technology and infrastructure.

Persons: Leo Bogdanov, KKR's, Bogdanov, Serverless, it's, Axel Springer Organizations: KKR, Amazon Web Services, AWS Locations: Axel

☆ Air New Zealand is asking passengers to volunteer to be weighed before boarding and reassures them that details will not be shared: 'No one can see your weight, not even us'
▼ + stars: | 2023-05-31 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Air New Zealand is asking passengers to volunteer to be weighed before boarding. But that's exactly what Air New Zealand is asking its passengers to do in what it calls a "passenger weight survey." Air New Zealand's "passenger weight survey" is voluntary, the airline said. Should passengers feel uncomfortable being weighed, they can simply choose to decline to participate in the survey, the representative said. Passengers will be asked to volunteer to step on the scales only on select Air New Zealand flights departing from Auckland International Airport.

Persons: Alastair James, James, you'll Organizations: New Zealand's Civil Aviation Authority, Morning, Air, Air New Zealand, Auckland International Airport Locations: Zealand, Air

☆ 14th Amendment Questions Linger Despite Debt Limit Deal
▼ + stars: | 2023-05-31 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The agreement President Biden struck with House Republicans to raise the debt limit aims to avert a catastrophic default on the nation’s debt. But the brinkmanship that brought the United States within days of being unable to pay its bills has renewed calls for the Biden administration to stop the debt ceiling from continuing to be a political tool. After declaring this year that he would not negotiate spending cuts in exchange for raising the debt limit, Mr. Biden did exactly that. The deal includes spending caps and scales back some of the president’s policy priorities in exchange for suspending the debt limit for two years. That has raised questions about whether there is a way to preclude another episode like this one — by abolishing the debt ceiling or using the 14th Amendment to render the statutory limit unconstitutional.

Persons: Biden, Republicans — Organizations: House Republicans, Republicans Locations: United States

☆ Air New Zealand to ask passengers to weigh themselves before boarding international flights
▼ + stars: | 2023-05-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

An Air New Zealand airplane waits for passengers at Wellington International airport on February 20, 2020. Air New Zealand will ask passengers to weigh themselves before boarding international flights in a trial that aims to improve fuel efficiency. Air New Zealand said pilots need to know the weight and balance of the loaded aircraft before each take off. "Now that international travel is back up and running, it's time for international flyers to weigh in," the airline said in a statement. It is not the first airline to ask travelers to weigh themselves before flying.

Persons: Alastair James, you'll, James, Finnair Organizations: Air New Zealand, Wellington International, Air New, Air, Zealand, Auckland International Airport, European Aviation Safety Agency Locations: Air New Zealand, Zealand

☆ Air New Zealand to weigh passengers before they board the airplane
▼ + stars: | 2023-05-30 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

That’s right: New Zealand’s Civil Aviation Authority is requiring that its national airline weigh passengers departing on international flights from Auckland International Airport through July 2, 2023. The program, which Air New Zealand calls a passenger weight survey, is a way to gather data on the weight load and distribution for planes, the airline said. This isn’t the first time that Air NZ has asked passengers to step on the scales before boarding their flights. Domestic passengers took part in a survey in 2021, but the one for international travelers was delayed due to the pandemic. The 17-hour flagship route was launched last fall as a lynchpin of Air NZ’s post-pandemic strategy.

While buying a house can set you up for financial success, renting comes with its own benefits, like flexibility. If you can't afford a down payment or monthly payments, you may want to continue renting for now. Homeownership also costs more than just the monthly mortgage payment. This includes your mortgage, property taxes, mortgage insurance, homeowners insurance, and HOA fees, but not costs like utility bills. If monthly mortgage payments would be a financial strain, it could be better to keep renting for now.

But in the last few years, increasing pay transparency has become a common cause for young workers, anti-discrimination advocates, and, increasingly, state legislators. But employers in states with transparency laws make up for it by imposing informal rules that prevent employees from talking about pay. If the "new norm" of salary transparency had supplanted the old taboo, then we'd expect a large majority to chafe under outdated restrictions against discussing pay. Strong support for managers in general appears to translate into strong support for managerial approaches to pay secrecy or transparency. If salary transparency is actually going to become the "new norm," it will clearly require more than our existing set of state laws.

☆ Scientists identify polar cyclone swirling on mysterious Uranus
▼ + stars: | 2023-05-25 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/2] NASA scientists uses microwave observations to spot the first polar cyclone on Uranus, seen here as a light-colored dot to the right of center in each image of the planet, in this handout image released on May 25, 2023. But new observations from a telescope located in New Mexico are providing a fuller understanding of its atmosphere, including the detection of a polar cyclone whose center measures a quarter of Earth's diameter, swirling near its north pole. Scientists were able to gaze more deeply into the atmosphere of Uranus - a planet classified as an ice giant, like its planetary neighbor Neptune - than ever before. The research confirmed that polar cyclones are present on every body in our solar system with a substantial atmosphere - all the planets but Mercury and even Saturn's moon Titan. "The way they form is different from planet to planet," Akins added.

☆ The 3 main ways digital-health startups are competing for a slice of the $13 billion market for obesity care
▼ + stars: | 2023-05-24 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Weight-loss drugs like Ozempic and Wegovy have surged in popularity. A Rock Health report lays out three main ways startups are competing for a slice of the market. As weight-loss drugs like Ozempic and Wegovy surge in popularity, digital-health startups are jumping in — offering everything from prescriptions to weight-management tools to compete for a slice of the $13 billion market. That's according to a new report by Rock Health, which lays out three main ways digital-health companies are vying to get in on obesity care. Rock Health said these platforms could be used in conjunction with weight-loss drugs to help track progress.

☆ 'The Legend of Zelda: Tears of the Kingdom' video game: What to know
▼ + stars: | 2023-05-20 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

CNN —“The Legend of Zelda: Tears of the Kingdom” is perhaps the most highly anticipated video game of the year. The quest is familiar, with surprises aplentyLink takes to the skies in "The Legend of Zelda: Tears of the Kingdom." It’s already the fastest-selling Nintendo game of any game system in the Americas (take that, Mario and “Animal Crossing”!). The ‘legend’ itself is complexLink explores all corners of Hyrule in "The Legend of Zelda: Tears of the Kingdom." As for the specifics of this game and how it builds on the “Zelda” legend, we’ll save those surprises for players to discover some 50 hours in.

☆ Bank of America says buy these five tech stocks before it's too late
▼ + stars: | 2023-05-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America named a slew of tech stocks that are just too attractive to ignore. IBM The evolution of IBM continues, Bank of America analyst Wamsi Mohan said after attending the company's recent Think event. "We believe IBM will embark on further cost cutting, and enhance its services and software offerings through acquisitions," he said. The stock finished the week up 3.6% this year, and Bank of America sees plenty more gains for the legacy tech giant. IBM "IBM expect to monetize AI first through Services and expects a later inflection in Software as adoption scales.

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