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☆ 21 Donald Trump election lies listed in his new indictment
▼ + stars: | 2023-08-02 | by ( Daniel Dale | ) edition.cnn.com time to read: +12 min

The indictment of Trump on four new federal criminal charges, all related to the former president’s effort to overturn his defeat in the 2020 election, lays out some of those lies one by one. Even in listing 21 lies, the 45-page indictment does not come close to capturing the entirety of Trump’s massive catalogue of false claims about the election. The lie that the Justice Department had identified significant concerns that may have affected the outcome of the election. (Page 16)The indictment notes that Trump made this claim on his infamous January 2, 2021 call with Raffensperger, whose staff responded that the claim was inaccurate. The lie that Pennsylvania “want[s] to recertify.” (Page 38) Trump made this false claim in his January 6 speech.

Persons: Jack Smith, ”, Donald Trump, Trump, Trump “, “, Mike Pence, William Barr, Justice Department “, General’s, Pence, Brad Raffensperger –, –, Raffensperger, Jeffrey Rosen, Richard Donoghue, Barr, ” Trump, Mike Shirkey, State Barbara Cegavske, Republican –, Rusty Bowers, Sidney Powell, Powell, Rudy Giuliani, Bowers, Giuliani, general Rosen, Donoghue, Rosen, Justice Department couldn’t, Biden, recertify Organizations: Washington CNN, Capitol, Trump Electoral College, Justice Department, Biden, White, Trump, CNN, Republican, State, Arizona, Voting, Twitter, Dominion, Biden’s, Democratic Locations: Trump’s, Washington, Georgia, Pennsylvania, Detroit , Michigan, Nevada, Arizona, Fulton County , Georgia, Atlanta, Wisconsin

☆ The new Trump indictment takes aim at his closest allies. They can save themselves by flipping against him.
▼ + stars: | 2023-08-02 | by ( Jacob Shamsian | Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

The new indictment against Donald Trump refers to six unindicted co-conspirators. The last time a prosecutor tried flipping people close to Trump, it didn't go too well. According to the new federal indictment against him, brought by Justice Department Special Counsel Jack Smith, Trump had six criminal co-conspirators. Smith is also overseeing a separate prosecution against Trump and two alleged co-conspirators related to the ex-president's hoarding of government documents. The Manhattan district attorney's office charged Weisselberg and the Trump Organization with a litany of white collar crimes in 2021.

Persons: Donald Trump, Jack Smith's, Donald Trump didn't, Jack Smith, Trump, Joe Biden's, isn't, fervid Trump, Smith, Sarah Krissoff, It's, Cozen O'Connor, Rudy Giuliani, baselessly, Sidney Powell, Giuliani, Jeffrey Clark, John Eastman, Kenneth Chesebro, Ted Goodman, Trump —, — Mayor Giuliani would've, Trump's, Goodman, Andrew Kelly Giuliani, He's, he's, Powell, Clark, Bill Barr didn't, Eastman, Chesebro, wasn't, Krissoff, Attorney Alvin Bragg, Stormy Daniels, Bragg, Daniels, Cyrus Vance Jr, Prosecutors, Allen Weisselberg, Michael M, I've, Weisselberg, Michael Cohen, Mary Altaffer, they'd Organizations: Service, Justice, Trump, West, Trial, Justice Department, CNN, — Mayor, Former New York City, REUTERS, Twitter, Prosecutors, Manhattan, Attorney, Trump Organization's, Former Trump Organization, Fox News, Trump Organization, New York Attorney, AP, Department, Republican, FBI, DOJ Locations: Trump, Wall, Silicon, Washington, DC, Manhattan

☆ Opinion: Trump has dug himself into the deepest possible hole
▼ + stars: | 2023-08-02 | by ( Opinion Michael Gerhardt | ) edition.cnn.com time to read: +9 min

Trump has now been indicted on nearly 80 felony counts and has dug himself into the deepest possible hole. Michael Gerhardt Deborah R. GerhardtThe ramifications of these charges for Trump and the country are enormous. But the third indictment goes further — for the first time — by charging Trump with criminal attempts to undermine American democracy. Each set of indictments tests the country’s commitment to the rule of law, which is the foundation of our democracy. In contrast, as each set of indictments shows, there is an abundance of actual evidence of Trump’s misconduct.

Persons: Michael Gerhardt, Burton Craige, Donald Trump’s, Jack Smith’s, Michael Gerhardt Deborah R, Gerhardt, Trump, Bill Barr, Barr, Jason Miller, ”, Joe Biden, Hunter Biden, Biden, “ you’ll, Chris Christie, Asa Hutchinson, Will Hurd, Theodore Roosevelt, “, fuming Organizations: University of North Carolina School of Law, CNN, Capitol, Trump, Trump’s, Justice Department, Electoral, Republican Party, New, New Jersey Gov, Arkansas Gov, Republican, Twitter Locations: Manhattan, Trump, New Jersey, Arkansas, Texas, Georgia, Atlanta, Michigan, Arizona

Mr. Smith is not the first special counsel to investigate Mr. Trump. Mr. Smith, by contrast, faces no such limits given that Mr. Trump is no longer in office. Mr. Mueller said little when faced with a barrage of falsehoods pushed publicly by Mr. Trump and his allies about him and his investigative team. During Mr. Trump’s arraignment in Miami in June, Mr. Smith sat in the gallery, closely watching the proceedings. Some in the courtroom suggested he stared at Mr. Trump for much of the hearing, sizing him up.

Persons: General Merrick B, Garland, Jack Smith’s, Donald J, Trump, Smith, Maddie McGarvey, The New York Times “, ”, Ryan Goodman, Trump’s, Robert S, Mueller, Smith —, —, Goodman, Smith “, Edgar Hoover, Mueller III, Anna Moneymaker, Ted Stevens, “, Robert McDonnell, Rick Renzi, James, Smith’s, Jay I, Bratt, Cooney, Robert Menendez, Greg Craig, Obama, Andrew G, McCabe, Roger J, Stone Jr, William P, Barr, Aaron Zelinsky, Thomas P, Windom, Peter Dejong Mr, John H ., Carlos F, legwork, sotto, intently, Alan Feuer Organizations: White, The New York Times, New York University School of Law, Capitol, Washington, Department, Just Security, Trump, U.S, New York Times, Justice Department, Justice, Republican, Supreme, Mr, Department of Justice, Democrats, Robert Menendez of New, Hague, Credit, House Republicans, U.S . Postal Inspection Service Locations: Washington, The Hague, Russia, Alaska, Virginia, Arizona, Robert Menendez of, Robert Menendez of New Jersey, U.S, Netherlands, John H . Durham, ’, Miami

☆ What is Gianotti-Crosti syndrome, the condition affecting Mandy Moore’s son? Experts explain
▼ + stars: | 2023-08-01 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

CNN —Actor Mandy Moore’s son recently woke up to a startling rash covering his body, according to her Instagram posts. Gianotti-Crosti syndrome. What is Gianotti-Crosti syndrome? Experts say they don’t know why some children get Gianotti-Crosti syndrome and others don’t, but it is thought to be a hypersensitive response to an underlying infection, according to the National Institutes of Health. Usually, the Gianotti-Crosti syndrome resolves itself over time — anywhere from a couple weeks to a couple of months, Levoska said.

Persons: Mandy Moore’s, ” Moore, Melissa Levoska, Shari Lipner, Levoska, Epstein, Barr, “, ” Levoska, Lipner, Dermatologists, ”, it’s Organizations: CNN, Icahn School of Medicine, Weill Cornell Graduate School of Medical Sciences, National Institutes of Health, National Hospital Locations: Instagram, Mount Sinai, New York City, United States, Washington ,

☆ Dunedin delight as Dutch put seven past Vietnam to top group
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

Roord drew a fantastic save from Kim Thanh just before halftime, but Van de Donk was on hand to tap in the rebound. After Brugts' superb sixth with another fierce strike, Roord, who had hit the crossbar, headed in the seventh with seven minutes remaining. "I was afraid that the gap would be even bigger," Vietnam coach Mai Duc Chung said. "We have tried our best but it is clear that we cannot close the gap between us and the Netherlands. Reporting by Hritika Sharma in Hyderabad, editing by Nick Mulvenney and Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle van de Donk, Jill Roord, Sherida Spitse, Molly Darlington, Esmee Brugts, Brugts, Vivianne Miedema, Lieke Martens, Katja Snoeijs, Dominique Janssen, Martens, Tran Thi Kim Thanh, Snoeijs, Van de Donk, Roord, Kim Thanh, Mai Duc Chung, Hritika Sharma, Nick Mulvenney Organizations: Soccer Football, FIFA, Forsyth Barr, Sherida Spitse REUTERS, Vietnam, Portugal, Sweden, Thomson Locations: New Zealand, Vietnam, Netherlands, Dunedin , New Zealand, Molly Darlington DUNEDIN , New Zealand, United States, Auckland, Sydney, Italy, Vietnam's, Roord, Janssen's, Hyderabad

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Just 4 of Donald Trump's 44 former cabinet members have publicly endorsed his 2024 run
▼ + stars: | 2023-07-30 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Very few members of Trump's former cabinet have endorsed his 2024 re-election campaign. NBC News reached out to over 40 former cabinet members, finding just 4 publicly endorsed Trump. Other former cabinet members burned by Trump are advocating against him. Only four of Trump's former cabinet members openly endorsed his re-election run, according to NBC News. "They're not friends; they're not hanging on forever," Barbara Perry, the director of presidential studies at the University of Virginia, told NBC.

Persons: Trump, Donald Trump's, Matthew Whitaker, Mark Meadows, Russell Vought, Richard Grenell, Bill Barr, he's, Barr, Joe Biden, NBC he'd, Mick Mulvaney, Mulvaney, They're, they're, Barbara Perry, Mike Pence, Pence Organizations: NBC, Trump, Service, NBC News, Republican, University of Virginia Locations: Wall, Silicon

☆ Afghanistan's exiled soccer team wants the right to play for their country
▼ + stars: | 2023-07-29 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +11 min

It’s not like going on a moon.”The Afghan Women's Team took on Football Empowerment during The Hope Cup on July 18, 2023 in Melbourne, Australia. The Afghan Women's Team began training last year with local club Melbourne Victory. “If the Afghan Football Federation recognize a team and say: ‘Yes, we accept a team to represent Afghanistan,’ they can be shot. Afghan Women's Team goalie Fatima Yousifi buried her kit before fleeing Afghanistan. When told the Afghan women’s team was in the crowd, cheering the Matildas on, she said: “I think that’s great they’re here tonight supporting us.

Persons: Coldplay’s, Khalida Popal, “, ’ ”, she’s, ”, Kelly Defina, Heather Barr, HRW’s, Penny Wong, Sarai Bareman, Fatma, Bareman, ” Behram Siddiqui, Popal, ’, Craig Foster, “ They’ve, that’s, Fatima Yousifi, John Didulica, Didulica, he’s, there’s, Hilary Whiteman, Emily van Egmond, Yousifi, ” Foster Organizations: Australia CNN, Brisbane, Nigeria, Afghan women’s national, Taliban, FIFA, women’s, Afghan Women's, Football Empowerment, Rights Watch, Human, United Nations, HRW’s Women’s Rights, Afghan, Australia’s Department of Foreign Affairs, Trade, Foreign, Association, Afghan Football Federation, CNN FIFA, Afghan Women's Team, Melbourne Victory, UN, “, Hope, Melbourne, Afghan national, Australia, CNN, Canada Locations: Brisbane, Australia, Denmark, Australian, Afghanistan, Europe, Canada, Melbourne, Kabul, United, ’, women’s, Nigeria, Afghan

☆ OpenAI just admitted it can't identify AI-generated text. That's bad for the internet and it could be really bad for AI models.
▼ + stars: | 2023-07-28 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

OpenAI launched a system to spot AI text, but just shut it down because it didn't work. So, developing a way to spot what is AI text versus human text is foundational. In January, it unveiled a "classifier to distinguish between text written by a human and text written by AIs from a variety of providers." Once we can't tell the difference between AI and human text, the world of online information becomes more problematic. I emailed OpenAI to ask about their failed AI text classifier and the implications, including Model Collapse.

Persons: OpenAI, Google Bard, ChatGPT, Biden, Harris, Ilia Shumailov Organizations: Morning, Google, AIs, Bloomberg, Oxford, Twitter Locations: GPT, Cambridge, Toronto

☆ Argentina, South Africa hopes dented by thrilling draw
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Group G - Argentina v South Africa - Forsyth Barr Stadium, Dunedin, New Zealand - July 28, 2023 Argentina's Yamila Rodriguez in action with South Africa's Linda Motlhalo REUTERS/Molly DarlingtonDUNEDIN, New Zealand July 28 (Reuters) - Argentina and South Africa settled for an exciting 2-2 draw in their Women's World Cup Group G clash at Dunedin Stadium on Friday that kept both teams alive in the tournament but dented their hopes of progressing. For all their neat approach work, Argentina looked unable to threaten Kaylin Swart in the South African goal and their first attempts on target did not come until the second half. "It is about taking our chances," said South Africa coach Desiree Ellis. Argentina will now face Sweden on Wednesday, while South Africa play Italy at the same time with both teams looking for an historic first Round of 16 berth. Reporting by Janina Nuno Rios in Mexico City, editing by Nick MulvenneyOur Standards: The Thomson Reuters Trust Principles.

Persons: Argentina's Yamila Rodriguez, Africa's Linda Motlhalo, Molly Darlington, Linda Motlhalo, Motlhalo, Kgatlana, Kaylin, Sophia Braun, Desiree Ellis, Braun, Janina Nuno Rios, Nick Mulvenney Organizations: Soccer Football, FIFA, Forsyth Barr, Africa's, Dunedin, South, Thomson Locations: New Zealand, Argentina, South Africa, Dunedin , New Zealand, Molly Darlington DUNEDIN , New Zealand, Sweden, Italy, Mexico City

The rule, which would implement a 2017 agreement by global regulators, aims to overhaul how banks gauge their riskiness, and in turn how much money they must keep on hand. Industry opponents have already begun to criticize the plan as banks seek to soften, delay, or otherwise derail the government's long-planned effort. The proposal would see U.S. regulators implement a previous global agreement via the Basel Committee on Banking Supervision. "Bank capital is critical," said Dennis Kelleher, president and CEO of Better Markets, which advocates for tougher financial rules. "However, maximizing Wall Street’s bonuses depends on minimizing capital and that’s why Wall Street fights to prevent regulators from requiring them to have enough capital."

Persons: it’s, Ian Katz, JPMorgan Chase, Morgan Stanley, Michael Barr, Barr, Joe Biden, Dennis Kelleher, Pete Schroeder, Susan Heavey Organizations: Federal Deposit Insurance Corporation, Federal, Industry, Washington, Capital Alpha Partners, JPMorgan, Banking Supervision, Citizens Financial, Bank, Better, Thomson Locations: U.S, Basel, Huntington, that’s

☆ Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets
▼ + stars: | 2023-07-27 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

(Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks' capital requirements to address evolving international standards and the recent regional banking crisis. The changes will broadly raise the level of capital that banks need to maintain against possible losses, depending on each firm's risk profile, the agencies said. While the heightened requirements apply to all banks with at least $100 billion in assets, the changes are expected to impact the biggest and most complex banks the most, they said. "Improvements in risk sensitivity and consistency introduced by the proposal are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements," the regulators said in a fact sheet. Tier 1 common capital levels measure an institution's presumed financial strength and its buffer against recessions or trading blowups.

Persons: Michael Barr, Martin Gruenberg, SAUL LOEB, Long Organizations: Federal Reserve, Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty Images, Federal Deposit Insurance Corp, Basel III Locations: Washington , DC, Basel

☆ At New York’s Coenties Slip, an Artist Colony and a ‘Rebellion’
▼ + stars: | 2023-07-27 | by ( Walker Mimms | ) www.nytimes.com time to read: +2 min

In “The Slip,” Prudence Peiffer’s tenderly researched group biography, six visual artists in different seasons of life and seeking different aesthetic ideals met Barr’s challenge with an unlikely spirit of concert. Beside him is his art school friend Jack Youngerman, painter of shaggy color fields in organic, almost floral forms. Grown bored in postwar Paris, the Jersey boy and the Kentuckian relocated to the abandoned sail-making lofts of Coenties Slip, an old manufacturing block in the toe of Manhattan. From 1956 to around 1964, an artist colony and some truly epochal art took shape there. That scene has long fascinated critics but never been the subject of a researched narrative history until now.

Persons: Prudence Peiffer, ”, Alfred H, Barr Jr, Jackson Pollock, Barr, Prudence Peiffer’s tenderly, Ellsworth Kelly, Jack Youngerman, Youngerman, Youngerman’s, Delphine Seyrig, Agnes Martin, James Rosenquist, Lenore Tawney, Robert Indiana Organizations: New York, Museum of Modern Locations: Paris, Jersey, Manhattan, New Mexico, Minnesota, Chicago, Europe

[1/3] FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoNEW YORK, July 25 (Reuters) - U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to a report by Morgan Stanley. U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks under international rules rolled out after the 2008 financial crisis. Holding more RWA will require banks to set aside more capital under the new standards. Most of the need to raise capital would come from assessments of the bank's operational risks and their trading books.

Persons: Morgan Stanley, Lucas Jackson, Betsy Graseck, Goldman Sachs, JPMorgan Chase, Morgan, Michael Barr, Tatiana Bautzer, Pete Schroeder, Lananh Nguyen, Chris Reese Organizations: New York U.S, REUTERS, Citigroup, JPMorgan, Bank of America, Federal, Federal Reserve, Federal Deposit Insurance Corporation, Thomson Locations: New York, Basel, Washington

☆ Japan down Costa Rica to put one foot in last 16
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Playing through Mina Tanaka in an advanced midfield role rather than playmaker Yui Hasegawa as they had against Zambia, Japan were already well in the ascendant before the double blow that knocked the stuffing out of the Central Americans. Costa Rica, who were beaten 3-0 by Spain in their opener, were barely able to land a blow on their opponents and it looked from then on only a matter of many goals Japan would rack up. Despite having 25 attempts on goal, however, Japan were unable to add to their tally - a shortcoming that might concern coach Futoshi Ikeda with tougher challenges lying ahead. Japan face Spain in Wellington on Monday in a match that will almost certainly decide which of the two sides top the group, while Costa Rica will play Zambia in Hamilton at the same time as both sides continue to seek their first World Cup win. Reporting by Nick Mulvenney in Sydney; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

Persons: Aoba Fujino, Yui Hasegawa, Molly Darlington, Mina Tanaka, Hikaru Naomoto, Maria Paula Coto, Daniela Solera, Solera, Futoshi Ikeda, Nick Mulvenney, John Stonestreet Organizations: Soccer Football, FIFA, Costa Rica, Forsyth Barr, Costa, Dunedin, Central Americans, Zambia, Thomson Locations: New Zealand, Japan, Costa, Dunedin , New Zealand, Molly Darlington DUNEDIN , New Zealand, Costa Rica, Zambia, Spain, Wednesday's, Auckland, Wellington, Hamilton, Sydney

☆ Mark Zuckerberg says Meta will 'pour enough gasoline' on Threads to make it grow when it's ready for prime time
▼ + stars: | 2023-07-26 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg sees an "awesome" and unexpected opportunity with Threads. After the record-breaking launch of Threads, the app has been losing ground in recent weeks. "We have a lot of basic work to do," Zuckerberg told analysts during Meta's second-quarter earnings conference call. There are some recent signs that Threads users and engagement are flagging a bit. Are you a Twitter or Meta employee, or someone else with insight to share?

Persons: Mark Zuckerberg, Zuckerberg, Elon Musk, Meta's, Musk, he's, We're, Kali Hays Organizations: Twitter, Meta, Facebook Locations: playbook, khays

☆ How Abu Dhabi's $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Ali Osman, head of technology and software investments at Abu Dhabi's giant Mubadala sovereign wealth fund, has invested steadily through it all and is not shying away from putting more money to work. He and his team focus on business software and specialize in private equity, making direct buyout investments and indirect bets through major PE firms. Osman works with many of the biggest and most successful PE firms in the tech space, including Thoma Bravo, TPG and Bain Capital. AI uncertainty and dataThe generative AI boom, and the rise of large language models, has introduced a major new variable to software investing. The other bottleneck is capital, basically the cash available to invest in software businesses.

Persons: Ali Osman, Mubadala, Osman, Thoma Organizations: Abu, Thoma Bravo, TPG, Bain Capital, Vista Equity Partners, PE Locations: Morocco, SalesLoft, mindspace

☆ Elon Musk's Twitter X rebrand is actually quite popular among users
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

When Elon Musk unveiled the X rebranding of Twitter earlier this week, howls of complaint echoed across the social-media platform. CivicScience conducted an online survey after the X announcement and got more than 5,000 responses, including over 1,000 responses from Twitter users. Results from a recent CivicScience survey CivicScienceThere's even some positive news regarding Threads, Meta's recently launched Twitter rival. There are roughly 250 million daily average users of Twitter, and CivicScience's poll got results from a few thousand people. 40% of daily Twitter users and a 51% of weekly users are not currently interested in using X with its expected new features, "so the move is likely to be disruptive," CivicScience reported.

Persons: Elon Musk, CivicScience, Meta's, Musk Organizations: Twitter, CivicScience, Morning

☆ Google's water use is soaring. AI is only going to make it worse.
▼ + stars: | 2023-07-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Its latest environmental report shows a 20% jump in water consumption in its data centers. Google just published its 2023 environmental report, and one thing is for certain: The company's water use is soaring. The numbers provide a stark reminder of the environmental cost of running huge data centers, which often require vast amounts of water to stay cool. The majority of the water Google is consuming right now is "potable," clean enough to be used as drinking water. In its latest report, Google said it takes "local water stress" (another way of saying scarcity) into account, and said 82% of its freshwater withdrawals in 2022 came from regions with low water stress.

Persons: Shaolei Ren, Ren, Alistair Barr Organizations: Google, University of California Locations: Riverside, Mesa , Arizona, Arizona, Mesa

☆ Switzerland sour Philippines' World Cup debut with 2-0 win
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

"I wasn't that nervous, but I knew it was an important moment," Bachmann told reporters. Ana-Maria Crnogorcevic, Switzerland's top scorer and most capped player, fired over from close range before Bachmann's penalty put them ahead. "To come to this level and play against players from Europe, against a team like that is miraculous." Switzerland top Group A on goal difference ahead of co-hosts New Zealand, who upset Norway 1-0 on Thursday. Reporting by Hritika Sharma in Hyderabad; Editing by Peter Rutherford and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ramona Bachmann, Coumba Sow, Seraina Piubel, Molly Darlington, Ramona Bachmann's, Inka, Bachmann, Olivia McDaniel, Alen Stajcic, Katrina Guillou's, Ana, Maria Crnogorcevic, deservedly, Piubel, McDaniel, Crnogorcevic, Stajcic, Hritika Sharma, Peter Rutherford, Angus MacSwan Organizations: Soccer Football, FIFA, Forsyth Barr, Seraina Piubel REUTERS, debutants, Dunedin, New Zealand, Thomson Locations: New Zealand, Philippines, Switzerland, Dunedin , New Zealand, Seraina, Molly Darlington DUNEDIN , New Zealand, Europe, Auckland, Hamilton, Wellington, Dunedin, Norway, Hyderabad

☆ Trump could easily wrap up the GOP nomination before his classified documents trial begins
▼ + stars: | 2023-07-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump's classified documents trial is now set for May 20, 2024. The former president now has the opportunity to sew up the GOP presidential nomination before it begins. On Friday, Judge Aileen Cannon set the classified documents trial date for May 20, 2024. It's now increasingly likely that Trump's legal woes bleed into the general election calendar, provided Trump wins the nomination. Arguably, it's the classified documents case that could sting the most.

Persons: Donald Trump, Aileen Cannon, Trump, It's, Iowans, wouldn't, Letitia James, E, Jean Carroll, Bill Barr, Trump's, Nikki Haley, Joe Biden Organizations: Service, Republican, Trump, Mar, New York, GOP Locations: Wall, Silicon, New York

The proposal, which will kick off an ambitious agenda for Barr, plans to fully implement the globally agreed Basel bank capital agreement. BANKING OPPOSITIONThe banking industry is not waiting for details before trying to disrupt the effort, arguing it could hinder economic activity, curb lending, and kill lines of business. The criticism is also emerging among some Republican bank regulators, who appear likely to oppose the plans. Regulators will have to digest numerous and voluminous comments from the banking industry dissecting their plans. And in the meantime, banks are expected to continue hammering that higher capital requirements means a smaller economic role for banks and are not needed.

Persons: Michael Barr, Barr, Michael Barr's, Isaac Boltansky, Spokespeople, Kevin Fromer, Jerome Powell, Powell, Republican Andy Barr, Bill Foster, Tim Scott, Michelle Bowman, Barr's, Morgan Stanley, James Gorman, Pete Schroeder, Megan Davies, Andrea Ricci Organizations: Banking, Fed, Federal Deposit Insurance Corporation, Office, FDIC, Financial Services, Financial Services Committee, Republican, Senate, Committee, Regulators, White, Thomson Locations: Basel

☆ Junk fees, medical debt and artificial intelligence: CFPB chief lays out regulatory agenda
▼ + stars: | 2023-07-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

Medical debtChopra said that tens of millions of Americans are battling medical debt. The crisis is compounded by debt collectors that add medical debt to credit reports as a means of coercion. The agency's crackdown on junk fees has prompted some policy changes at big banks, he added. "Many of them are getting rid of their reliance on junk fees and making their fees much more reasonable," Chopra said. Rep. Blaine Luetkemeyer, R-Mo., has said the CFPB has "no authority" on the issue because junk fees is not a legal term.

Persons: Rohit Chopra, Tom Williams, Andy Barr, Chopra, servicers, We're, Experian, Blaine Luetkemeyer, Luetkemeyer Organizations: Consumer Financial Protection, Banking, Housing, Urban Affairs, Cq, Inc, Getty, Consumer Financial, Bureau, Federal Reserve, Governors, CNBC, Education Department, U.S, Kaiser Family Foundation, Bank of America, Biden, GOP, Rep, Financial Services Locations: Ky

☆ The AI behind ChatGPT really does seem to be getting dumber — but no one can quite figure out why
▼ + stars: | 2023-07-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

It's not just you: new research suggests ChatGPT's AI model really is getting dumber. There's been a growing feeling for a while now that the AI model behind ChatGPT is, frankly, getting dumber. No one can quite figure out why GPT-4 is changingWhat the research doesn't seem to identify is why this performance drop has happened. As the AI model underlying a more advanced version of ChatGPT, one that paying subscribers get access to, that's a bit of a problem for OpenAI. That said, it's hard to ignore the questions of quality surrounding GPT-4 when a whole community of AI devotees is asking them.

Persons: It's, There's, OpenAI, Ethan Mollick, Wharton, OpenAI hasn't, Peter Yang, Alistair Barr, Peter Welinder, tweeting, Matei Zaharia, —, Arvind Narayanan Organizations: Stanford, UC Berkeley, Morning, Stanford University, UC Berkeley — Locations: Princeton, GPT

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