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☆ US stocks are overvalued because of unrealistic expectations for AI-powered economic growth, Vanguard says
▼ + stars: | 2024-08-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors are too optimistic about the near-term prospects of AI, Vanguard said. "This is double the annualized rate of the 1920s, when electricity lit up the nation," Vanguard wrote. AdvertisementBut Vanguard global chief economist Joe Davis thinks expectations are too high, and says that stocks are overvalued even if the AI boom plays out as anticipated. For context, the S&P 500's trailing one-year earnings growth rate through the second quarter of 2024 was 10.9%, according to FactSet data. That's probably not going to happen, which means we're unlikely to experience an AI-driven economic boom in 2025," he said.

Persons: —, Joe Davis, It's, Davis, BlackRock Organizations: Vanguard, Service

☆ Lucy Guo's second act: After the 29-year-old left Scale AI, she has the 'itch to build' something new
▼ + stars: | 2024-08-23 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.

Persons: —, Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora

More than two weeks into Ukraine’s incursion into western Russia, Ukrainian politicians have begun talking about establishing a buffer zone there. But how much farther Ukraine might try to advance into Russia, and how long it plans to stay, is unclear, U.S. officials said. After the first week of fighting, Ukraine claimed to control almost 400 square miles of Russian territory — an area roughly the size of Los Angeles. But American officials are not convinced that Ukraine intends to hold its position in Russia long term. They have not been laying minefields to slow down a counterattack, nor have they constructed barriers to slow down Russian tanks, the officials say.

Persons: Volodymyr Zelensky Locations: Russia, Ukraine, U.S, Los Angeles

☆ Saudi Arabia's Neom is getting electric shuttle ships that appear to hover over water to transport passengers in its waterways
▼ + stars: | 2024-08-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Saudi Arabia's Neom ordered eight electric shuttles from Sweden-based Candela. The Candela P-12 shuttles are high-speed electric foil ships that sit above the water. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia's "city of the future" is set to get its own ships of the future — electric passenger shuttles that appear to fly as they move through the water.

Persons: Saudi Arabia's Neom, Candela, — Organizations: Saudi, Service, Business Locations: Sweden, Saudi Arabia, Candela

☆ The world's first airport to require biometric boarding is set to arrive in 2025
▼ + stars: | 2024-08-22 | by ( Kevin Williams | ) www.cnbc.com time to read: +4 min

As end-of-summer travel lines back up at TSA airport checkpoints in the U.S., one overseas airport is going all-in on a biometric passenger experience. The Smart Travel Project at Zayed International Airport in Abu Dhabi will involve biometric sensors at every airport identification checkpoint by 2025. Airport security and travel experts have generally cheered the move. "Facial recognition is the future, and we will start to get intelligent with airport security and focus on the traveler rather than the items they bring. Among the concerns expressed are what type of data someone would need to give during the biometric enrollment process, and whether biometric security processes will be used to track movements throughout the airport, or if biometric data will be used outside the airport.

Persons: Sheldon Jacobson, Jacobson, Saeed Saif Al Khaili, Mike Taylor, J.D, Power's, Shawn DuBravac Organizations: TSA, Smart, Zayed International Airport, University of Illinois, Zayed International, Federal Authority for Identity, Customs, Port Security, United Arab Locations: U.S, Abu Dhabi, UAE

☆ A judge who overturned a $72 million verdict against Boeing disclosed he bought and sold Boeing stock while hearing the case — but says his wife's IRA was to blame
▼ + stars: | 2024-08-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable. He and his family disposed of their Boeing shares more than a year before that decision. The amount of Boeing stock traded isn't much compared with Robart's total wealth.

Persons: —, Judge James Robart, Robart, it's, Clarence Thomas, Sonia Sotomayor's, Zunum, Bill Hodes, Gabe Roth, Roth, Charles Schwab, hasn't Organizations: Service, Boeing, Business, BI, Supreme, Street Journal Locations: Seattle

☆ LVMH CEO Bernard Arnault's family office goes shopping for AI startups
▼ + stars: | 2024-08-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The $220 million round in May, which also included Aglaé, valued H at $370 million, according to the company. While the amounts of Aglaé's investments aren't disclosed, the funding rounds for the AI firms totaled more than $300 million, according to Fintrx. Aglaé also invested in a $25 million seed round for Lamini, a Palo Alto, California-based startup building enterprise AI applications. Aglaé joined Susquehanna to invest in the $27 million seed round for Toronto-based Borderless AI, a human resource management platform. Arnault and his family are, however, big art collectors, and Aglaé was an investor in a $9.5 million funding round for LaCollection, a digital art platform.

Persons: Google's, Wendy, Eric Schmidt, Aglaé, Arnault, Robert Frank Organizations: Accel Partners, Google, CNBC, Fintrx, Aglaé Ventures, Susquehanna, Toronto, Music Media, Back, Netflix, Spotify Locations: Palo Alto , California, New York, Photoroom, France, Paris, Sonarverse, Irvine , California, San Francisco, French, LVMH, Airbnb

Ceasar Bacarella v. Prime HydrationThe issue: In this case, Caesar Bacarella, the Florida-based owner of a line of sports supplements and apparel called Alpha Prime and protein brownies called Prime Bites, accuses Prime of trademark infringement. Hi-Tech Pharmaceuticals v. Prime HydrationThe issue: In a trademark suit filed in June, Hi-Tech Pharmaceuticals, a Kentucky-based company, accused Prime Hydration of "unfair competition" and "infringement." What's next: Prime filed a motion to dismiss, which the judge granted on several technicalities. AdvertisementRefresco Beverages US v. Congo Brands and Prime HydrationThe issue: Refresco Beverages, a bottler for Prime, filed a lawsuit in Delaware against Prime Hydration and its parent company, Congo Brands. US Olympic & Paralympic Committee v. Prime HydrationThe issue: The Olympics committee alleges the company used various Olympic trademarks reserved for its beverage sponsor, Coca-Cola.

Persons: —, Logan, KSI, Refresco, Agrovana, Prime's, Paul, Howard Telford, Read, forbearance, What's, Castillo, Elizabeth Castillo, they're, dink, Ceasar, Caesar Bacarella, Kennedy, mislabeling, hasn't, Kevin Durant Organizations: Service, Business, Bloomberg, Agrovana, Alpha, Tech Pharmaceuticals, Nutrition, Energy, Centers for Disease Control, Refresco, Congo Brands, Google, Paralympic Locations: Massachusetts, NielsenIQ, Euromonitor, United States, California, Florida, Kentucky, New York, Delaware, Congo, Chancery, Philadelphia, Colorado

☆ PDX reopening its main new terminal after $2.15 billion renovation
▼ + stars: | 2024-08-14 | by ( Forrest Brown | ) edition.cnn.com time to read: +6 min

At Portland International Airport (PDX), they’ve spent big money aiming to bring the famed Oregon outdoors indoors. The $2.15 billion renovation has several purposes, according to Allison Ferre, media relations manager with the Port of Portland, which runs PDX. What PDX passengers will seeThe airport is attempting to provide an arboreal atmosphere with big trees and a lots of natural sunlight streaming into the overhauled terminal. Ema PeterOne of the first things passengers might notice will be 72 large trees, including black walnut, ficus and olive varieties, disbursed throughout the terminal, Port of Portland said. “PDX is the first and last impression for many of our visitors and the renovation of the main terminal is certain to make it a positive one,” Travel Portland President and CEO Jeff Miller said.

Persons: it’s, they’ve, Allison Ferre, wasn’t, ” Ferre, Ferre, Peter, of, ”, Curtis Robinhold, Celeste Noche, “, Brenda Meade, PDX, There’s, Jeff Miller Organizations: CNN, Pacific, Portland International, Port, TSA, CNN Travel, Mtn, ” Travel Portland Locations: Oregon, Port of Portland, Pacific Northwest, ” Port, Portland, Changi, Singapore, Port, Washington, of Portland, PDX, Portland’s, Coquille

☆ Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
▼ + stars: | 2024-08-14 | by ( Marylou Costa | ) www.cnbc.com time to read: +6 min

During the Monaco race on July 28, Bernard d'Alessandri, general secretary and managing director of Yacht Club de Monaco, said E1 showcases new technology for boat racing. "Before E1, it was impossible to have a race with electric boats," he said. Acceptance of electric boating among the eliteRacebird creator Sophi Horne said getting the attention of Monaco's boating elite wasn't easy. Team owners Didier Drogba and Tom Brady speak with Alejandro Agag, co-founder and chairman of the E1 Series, ahead of the E1 race in Venice, Italy — the second of the series. The final two E1 races are scheduled to occur in Lake Como, Italy and Hong Kong.

Persons: Shiv, Bernard d'Alessandri, Akin, Racebird, Rodi Basso, Team Rafa, Rafael Nadal, Basso, Prince Albert II of Monaco, Sophi Horne, Cara Delevingne, Lloyd, Horne, they've, …, Will Smith, Marc Anthony, Tom Brady, Didier Drogba, Virat Kohli, Sergio Perez, Steve Aoki, Marcelo Claure —, Alejandro Agag, Italy —, Daniele Venturelli, Brady, Drogba, Nadal, Carlos Duarte, Racebirds Organizations: Port, Media Monaco, Monaco, Yacht Club de Monaco, Formula, Team, NFL, Getty Locations: Monaco, Saudi Arabia, Racebirds, Venice, Italy, Mallorca, Lake Como, Hong Kong

☆ A Tesla fan in India preordered a Model 3 in 2016. He waited 7 years, and the car still hadn't shown up.
▼ + stars: | 2024-08-14 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewTesla fan Vishal Gondal from Mumbai said he preordered a Tesla Model 3 in April 2016, excited about the car's "cutting-edge EV technology." Gondal is one of the Tesla fans in India who preordered the Model 3 in 2016 and were left hanging for years for cars that never arrived. Advertisement"I initially expected to wait one to two years but ended up waiting nearly eight years with no car," Gondal told BI. It lowered import taxes on EVs made by companies that commit to investing at least $500 million and start domestic manufacturing within three years, per Reuters. AdvertisementRepresentatives for Tesla did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Vishal Gondal, Elon Musk's, Tesla, Gondal, Hemant Suthar, Elon Musk, Musk Organizations: Service, Tesla, Business, Audi, Musk's EV, Associated Press, Reuters, Business Insider Locations: Mumbai, India, Europe, Asia, Pacific

☆ Google's former CEO says the tech giant is losing out to OpenAI and Anthropic because staff are working from home
▼ + stars: | 2024-08-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

OpenAI and Anthropic have been giving Google a run for its money in the AI race. "The reason the startups work is because the people work like hell," Schmidt said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementRemote working has blunted Google's competitiveness in the AI race, says the company's former CEO and chairman, Eric Schmidt.

Persons: Eric Schmidt, Schmidt, —, Anthropic Organizations: Google, Service, Stanford University, Stanford, YouTube, Business

The scenes were decidedly Russian. Flags with the country’s signature three horizontal stripes of white, blue and red. In the Russian town of Sverdlikovo, a Ukrainian soldier climbed onto another’s shoulders, broke off the wooden post anchored to a town council building and threw the Russian flag to the ground. In Daryino, a town five miles to the west, other soldiers also grabbed a Russian flag. “Just throw it away,” a Ukrainian soldier said, grinning, as another flexed his muscles.

Persons: ” Organizations: Gazprom, The New York Times Locations: Russian, Sverdlikovo, Ukrainian

☆ Ukraine’s Surprise Attack
▼ + stars: | 2024-08-13 | by ( German Lopez | ) www.nytimes.com time to read: 1 min

Ukraine’s efforts to retake territory from Russia have stalled. But the Ukrainian military has tried to get back at Moscow in other ways. Last week, Ukraine tried something new. Its own forces marched miles across the Russian border in a surprise operation. “It could give Ukraine a win, or at least make them feel good for a few days.

Persons: Eric Schmitt, ” Organizations: Ukraine Locations: Russia, Moscow, Ukraine, Russian, Kursk

☆ Glorious farewell to the Paris Olympics and the U.S. rushes firepower to the Middle East: Morning Rundown
▼ + stars: | 2024-08-12 | by ( Elizabeth Both | Elizabeth Both Is An Associate Platforms Editor For Nbc News | Based In New York. | ) www.nbcnews.com time to read: +9 min

A spectacular closing ceremony hands the Olympic Games over to Los Angeles. And a false JD Vance rumor sparks a misinformation row. A glorious farewell to Paris OlympicsGetty ImagesAu revoir to the Paris Games. Kamala Harris pledged to eliminate taxes on tipped wages for service workers, matching a proposal from former President Donald Trump. Politics in BriefTrump campaign: Former President Donald Trump’s campaign has said it was hacked by an Iranian group.

Persons: Vance, Katie Ledecky, Nick Mead, Tom Cruise, Ledecky, Simone Biles, Suni Lee, dazzled, ” Sha’Carri Richardson, Noah Lyles, Guy ” Stephen Nedoroscik, Yusuf Dikeç, Read, JD, Vic e, tol, stu, ord, ami, Flo, bui, Ken Bak, roa Organizations: Olympic Games, Paris, Paris Games, Stade de France, Team USA, U.S, acc, Uni, NBC Locations: Los Angeles, The U.S, American, U.S, Turkish

☆ Stocks making the biggest premarket moves: KeyCorp, Starbucks, JetBlue, Eli Lilly and more
▼ + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: KeyCorp — Shares of the Cleveland-based regional bank jumped 18% after the announcement of a minority investment from The Bank of Nova Scotia. The deal gives Scotiabank 14.9% of KeyCorp's common stock for roughly $2.8 billion in cash. Eli Lilly — The pharma stock added 1.4% following an upgrade at Deutsche Bank to buy from hold. The bank cited Eli Lilly's recent earnings beat and called the stock a "low beta/high growth" unicorn. JetBlue Airways — Shares tumbled nearly 6% after the airline announced plans to offer $400 million of convertible senior notes due in 2029.

Persons: Eli Lilly, Eli Lilly's, Robinhood, Piper Sandler, Fred Imbert, Jesse Pound, Sarah Min, Pia Singh Organizations: The Bank of, Scotiabank, Starbucks, Street Journal, pharma, Deutsche Bank, JetBlue Airways, Hawaiian Electric Industries, Maui, Qualcomm, Wolfe Research, Apple Locations: Cleveland, The Bank of Nova Scotia

Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. Iran, which backs Hamas, blamed Israel for the assassination, but Israeli leaders have not said their forces were responsible. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations. The foreign minister of Jordan, an ally of the United States, has traveled to Tehran in recent days for meetings.

Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, ”, Benjamin Netanyahu, “, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Iranian, United States, Gaza, Saudi Arabia

☆ U.S. and Israeli Defense Officials Speak Amid Fears of Escalation in Mideast
▼ + stars: | 2024-08-12 | by ( Eric Schmitt | More About Eric Schmitt | ) www.nytimes.com time to read: +1 min

Mr. Austin has also directed the aircraft carrier Abraham Lincoln, equipped with F-35 fighter jets, to speed to the region, joining the aircraft carrier Theodore Roosevelt and its accompanying warships already in the Gulf of Oman. A statement from the Israeli government said that Mr. Gallant had spoken to Mr. Austin about the Israeli military’s “readiness and capabilities in the face of threats posed by Iran and its regional proxies.”The Israeli defense minister also discussed “the urgency of achieving an agreement for the release of hostages and thanked the U.S. administration for its leadership and commitment to this issue,” the statement said. Hamas has not indicated whether its representatives will be at the meeting. The call between Mr. Austin and Mr. Gallant came a day after an Israeli airstrike hit a school compound in northern Gaza where displaced Palestinians were sheltering, an attack that Gazan authorities said killed dozens of people. Mr. Austin used the call to once again underscore the importance of “mitigating civilian harm” during Israeli operations in the enclave, General Ryder said.

Persons: Austin, Abraham Lincoln, Theodore Roosevelt, Gallant, General Ryder Locations: Gulf of Oman, Iran, U.S, United States, Gaza, East, Israel

☆ Israel-Hamas War and Gaza Cease-Fire Proposal: Latest Updates
▼ + stars: | 2024-08-12 | by ( Isabel Kershner | Eric Schmitt | ) www.nytimes.com time to read: +5 min

Image Smoke billowing after an Israeli airstrike on Khan Younis in the southern Gaza Strip on Sunday. In a statement on Sunday, the group said it objected to “more rounds of negotiations” and the introduction of any new proposals or conditions. Officials in Gaza said over the weekend that dozens of people had been killed in Israel’s strike on the school compound. The authorities in Gaza do not distinguish between combatants and civilians in reporting death tolls. Israel’s political and military leaders have argued that it is essential to keep up the military pressure on Hamas, to force it to come to terms on a cease-fire deal.

Persons: Biden, Khan Younis, Bashar Taleb, Abdel Fattah el, Sheikh Tamim bin Hamad, Israel, Benjamin Netanyahu, Netanyahu, Tisha B’Av Organizations: Lebanese Hezbollah, ., Agence France, Getty Locations: Beirut, Tehran, Israel, Iran, Gaza, Egypt, Qatar, Thani, Cairo, Doha, Jerusalem, Aqsa

☆ Man Is Charged With Hate Crime in Stabbing Near Brooklyn Synagogue
▼ + stars: | 2024-08-11 | by ( Patrick Mcgeehan | More About Patrick Mcgeehan | ) www.nytimes.com time to read: +1 min

A 22-year-old Brooklyn man was charged with assault as a hate crime after the police said he yelled “Free Palestine” and “Do you want to die?” before stabbing a young man near a synagogue in the Crown Heights neighborhood of Brooklyn early Saturday morning. The 22-year-old man, Vincent Sumpter, was charged with second-degree assault as a hate crime in the attack, which occurred around 2 a.m. Saturday on Kingston Avenue, around the corner from the headquarters of the Chabad-Lubavitch movement on Eastern Parkway. Rabbi Behrman said that Mr. Dabrowskin, who is Jewish and about 30 years old, was taken to Maimonides Medical Center and was expected to recover from his wounds. “This is obviously a very serious incident, and there has been a lot of antisemitic rhetoric,” Rabbi Behrman said. “I’m concerned that unless this rhetoric stops, it’s going to become more common, sadly.”

Persons: “, Vincent Sumpter, Yaacov, Sumpter, Yechiel Michel Dabrowskin, Rabbi Behrman, Dabrowskin, “ I’m, ” Organizations: Palestine, Kingston, Lubavitch, Maimonides Medical Locations: Brooklyn, Crown

☆ Opinion | Katie Couric: Network Newscasts Need to Better Reflect America
▼ + stars: | 2024-08-11 | by ( Katie Couric | ) www.nytimes.com time to read: +2 min

Norah O’Donnell recently announced that she will be stepping down as anchor of “CBS Evening News” after the election, after five years at the helm. I knew viewers were seeing these stories because Norah was the driving force behind telling them. Like so many watching, I marveled at the incredible athleticism of these young women, as well as at their diversity. Equally exciting was the fact that this was the first Olympics in history where there were as many women as men competing. We’re also in the midst of a campaign that could result in the election of the first woman president, and first woman of color as president.

Persons: Norah O’Donnell, Walter Cronkite, Ms, O’Donnell, Norah, We’ve, We’re, It’s Organizations: CBS, Pentagon, Women’s, Paris Olympic Locations: U.S, America

☆ A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
▼ + stars: | 2024-08-11 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

AdvertisementMaureen now lives on $1,601 monthly Social Security payments in northeast Pennsylvania, according to bank documents viewed by BI. For others, fixed Social Security incomes aren't enough to afford basic necessities. Over half of baby boomers have $250,000 or less in retirement assets, per a 2024 report from the Retirement Income Institute . AdvertisementHer husband's Social Security money primarily went to her daughters when they were young, she said, but she recently learned his employer is closing their pension system. With $1,601 monthly Social Security as her only source of reliable income, Maureen is on a tight budget.

Persons: —, Maureen, Patricia Polacco's, Maureen —, hasn't, she's, doesn't Organizations: Service, Business, Catholic, Social, BI, Northwestern Mutual, Income, Social Security, SNAP Locations: Pennsylvania

That includes the Jan. 6 and 2020 election interference case brought by special counsel Jack Smith. If Harris wins the election in November, Trump’s Jan. 6 case — though weakened by the Supreme Court — will continue to move toward trial. She is also likely to avoid much discussion of Trump’s handling of classified documents: While a Trump-appointed federal judge dismissed a federal case involving his alleged mishandling of classified documents, the Justice Department has appealed and the case could ultimately survive. While those rules are binding only on the Justice Department, part of Harris’ pitch to voters is that she would respect the lines between the Justice Department and the White House that have existed for decades, since the Watergate scandal. During the Biden administration, the Justice Department appointed another special counsel, a former Trump appointee, who secured the conviction of Biden’s son Hunter Biden on gun charges.

Persons: WASHINGTON, Kamala Harris, Donald Trump, Walz, there’s, Harris, Trump, Jack Smith, Trump’s Jan, Hillary Clinton, “ We’re, ”, —, Tony West, Eric Holder, “, ” Harris, fraudsters, cheaters, Donald Trump’s, Jean Carroll, Joe Biden, Bill Shipley, Shipley, Biden, Smith, Biden’s, Hunter Biden Organizations: Harris, Trump, Supreme, Department, DOJ, United, Democratic National Committee, Justice, Justice Department, NBC News, Republicans, Congress, Democrats, Republican Locations: Wisconsin, United States, California, New York

☆ Forget free cash, there's an even more American way to help people get ahead
▼ + stars: | 2024-08-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +11 min

Read previewGuaranteed basic income is all the rage right now. Countries including India, Argentina, and Austria have tested out small-scale guaranteed job programs. Cleveland's jobs guaranteeFor Cotten, ensuring jobs for any American who needs one is a no-brainer. While many cities are testing out basic income programs, they haven't been universal and instead targeted specific groups in need like artists, new parents, low-income families, or people experiencing homelessness. Republican lawmakers have introduced bills to ban basic income programs in their states, with some arguing that handing out checks with no strings attached would disincentivize work and raise taxes.

Persons: —, that's, what's, Tcherneva, Sen, Bernie Sanders, Ayanna Pressley, Devin Cotten, Cotten, Franklin Delano Roosevelt's, Sanders, Pressley, Andrew Yang —, Gerald Connolly, UBE, Lukas Lehner, Lehner, Maximilian Kasy, they're, Kasy Organizations: Service, Business, Bard College, American, Democrats, Republicans, Washington Post, Social Security, Universal, University of Oxford, European Commission, European Union Locations: Denver, Baltimore, India, Argentina, Austria, Cleveland, Virginia, Austrian, Marienthal, South Africa, United States, France

☆ In New Zealand, Māori are using Indigenous knowledge to combat climate change
▼ + stars: | 2024-08-10 | by ( Alaa Elassar | ) edition.cnn.com time to read: +18 min

It’s that “interconnectedness” that makes Māori ideal stewards of Aotearoa New Zealand, Parkin-Rae says. Whenua (Land)The work at Oaro River is part of a reforestation and predator control project led by Te Rūnanga o Kaikōura, a Māori tribal council in Kaikōura. Thomas Kahu, left, and Wiremu Stone are both descendants of Paikea the whale rider and work for Whale Watch Kaikōura. A Whale Watch Kaikōura boat full of tourists viewing sperm whales off the coast of South Island, New Zealand. Alaa Elassar/CNN“Incorporating te ao Māori (the Māori world) into our work is valuable to all of Aotearoa.

Persons: , New Zealand CNN — Justin Parkin, Rae, Te Waipounamu, Tamati, ” Wikiriwhi, Parkin, Justin Parkin, Alaa Elassar, Ngāti, Ngāi Tahu, “, ”, –, Te, Rawiri, kawau, toto, ā roto, it’s, ” Parkin, Thomas Kahu, Kahu, Tim Clayton, Corbis, ” Kahu, Māori, Wiremu Stone, Takoko, ” Takoko, ” Rangi, Daniel Gaussen, Aoraki Mackenzie, Sanka, ” Gaussen, CNN Mikey Ratahi, ” Ratahi, Gaussen, ” Kaitiaki, Kaikōura, Elassar, tangata whenua, don’t, it’ll Organizations: , New Zealand CNN, New Zealand, CNN, CNN Aotearoa New Zealand’s Ministry, Environment, Aotearoa New Zealand, Rawiri Manawatu, Manawatu, Aotearoa New, Whale Watch, Aotearoa New Zealand’s Department of Conservation, CNN Whale Watch, Conservation International Aotearoa, Pacific Whale Fund, Ocean Initiative, Aoraki, Sky Reserve, Southern, Sky Resource, University of Canterbury, Ministry Locations: , New Zealand, New, Māori, Aotearoa, Alaa, CNN Aotearoa, Ngāi, Aotearoa New, Oaro, Te Rūnanga, Kaikōura, Rūnanga, ” Moana, Aotearoa New Zealand, South Island , New Zealand, wonderment, Mackenzie, Lake Takapō, Mana, Wai, Zealanders, “

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