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☆ Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.

Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, “, ”, Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, “, Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing

covers the U.S. intelligence agencies and international security matters for The Times. He has written about security issues for more than two decades.

Organizations: The Times

☆ Microsoft is blocking employee access to Perplexity AI, one of its largest Azure OpenAI customers
▼ + stars: | 2024-04-23 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +1 min

Microsoft blocks access to Perplexity AI, a major Azure OpenAI customer, for at least some staff. Perplexity AI uses Microsoft's Azure OpenAI to power its AI chatbot search engine. Microsoft is blocking employee access to Perplexity AI, one of the largest customers of its Azure OpenAI service, according to two people familiar with the matter. Perplexity's product is an AI chatbot search engine that provides conversational answers. It's powered by Microsoft's Azure OpenAI service, which helps companies like Walmart and JPMorgan Chase build generative AI into their operations and products.

Organizations: Microsoft, Walmart, JPMorgan Chase, Cola, Business

☆ Jon Stewart Slams How the News Media Is Covering Trump’s Trial
▼ + stars: | 2024-04-23 | by ( Trish Bendix | ) www.nytimes.com time to read: +1 min

“He arrived at the intersection of American history, where he put a quarter in the parking meter of destiny, leaving the car, looking to avoid stepping in the urine puddle of jurisprudence.” — JON STEWART, mocking the media’s coverage of Trump’s arrival in court“Seriously, are we going to follow this guy to court every [expletive] day? If the media tries to make us feel like the most mundane [expletive] is earth-shattering, we won’t believe you when it’s really interesting. It’s your classic ‘Boy Who Cried Wolf Blitzer.’” — JON STEWART“Look, we've got a long ways to go here. It’s the first day of the first of his 438 trials to come. Pace yourselves, and if you’re bored, you can always start planning how you’re going to [expletive] up covering his next trial and the sober mea culpa you’ll deliver during his next term as president.” — JON STEWART

Persons: ” — JON STEWART, — JON STEWART “, you’re, Donald Trump, ” — JON STEWART “, we've, you’ll

☆ Express files for bankruptcy; closing more than 100 stores
▼ + stars: | 2024-04-22 | by ( Parija Bhatnagar | ) edition.cnn.com time to read: +2 min

New York CNN —Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. The retailer filed with the bankruptcy court in Delaware and said it also plans to shutter several stores as part of the process. The company operates Express, Express factory outlets, Bonobos and UpWest stores under its corporate umbrella and said in a release Monday that it plans to close 95 Express locations (it operates more than 500 in the US) and all UpWest locations with closing sales at those stores set to begin on April 23. “With the company struggling to gain traction with consumers, it has been obvious for quite some time that bankruptcy was the inevitable destination for Express,” Neil Saunders, managing director of GlobalData, said in a note Monday. “We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives.

Persons: “, Neil Saunders, GlobalData, ”, Saunders, ” Stewart Glendinning, “ WHP, ” Glendinning Organizations: New, New York CNN, Express Inc, Express, WHP Global Locations: New York, Delaware

☆ Ready or not, the youngest boomers are retiring
▼ + stars: | 2024-04-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.

Persons: —, blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago

has been reporting from Ukraine since the beginning of the war with Russia. He was previously based in London as an international news editor focused on breaking news events and earlier the bureau chief for East and Central Europe, based in Warsaw. He has also reported extensively from Iraq and Africa.

Organizations: East Locations: Ukraine, Russia, London, Central Europe, Warsaw, Iraq, Africa

☆ Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
▼ + stars: | 2024-04-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The company said hours for remaining stores won't change and it will continue to accept orders and returns as usual. "The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company's stakeholders," Express said. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," he added. Last spring, Express acquired Bonobos' operating assets and related liabilities for $25 million from Walmart in a joint deal with WHP. The deal came as Express' "core business was weak, and cash was tight," GlobalData managing director Neil Saunders said in a Monday note.

Persons: –, Stewart Glendinning, Neil Saunders, Saunders, Kirkland Organizations: Express Inc, Longtime, Express, WHP, Simon Property Group, Brookfield Properties, Les Wexner's, CNBC, Walmart, Powerhouse, Ellis, Partners Locations: New York, U.S

☆ DJT SPAC: Trump Media Stock Price Collapse Is Only Going to Get Worse
▼ + stars: | 2024-04-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Trump Media & Technology Group, which owns the conservative Twitter clone Truth Social, went public via SPAC in late March. Short sellers, if I had to guess, feel pretty good, even if Trump's company is trying to prevent them from betting against it. AdvertisementWhile Trump is a political figure, Trump Media's stock price is not really a political story. The same day, its stock price fell by 14%, though the next day it bounced. That TMTG's stock price has fallen isn't surprising.

Persons: I'm, Jim Cramer, Donald Trump's, Trump, DJT, it's, TMTG, isn't —, Peter Kafka, doesn't, TMTG isn't, Devin Nunes —, Devin Nunes, California —, He's, It's, Emily Stewart Organizations: Trump Media & Technology Group, Twitter, Republican, Nvidia, Truth, Meta, Trump, Trump Media & Technology, Business Locations: SPAC, TMTG, California

☆ Rise of Hate Spending: Americans Detest High Prices but Keep Shopping
▼ + stars: | 2024-04-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

According to experts I talked to, the surge in hate spending can be attributed to various factors. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up. She told me that she often finds herself outraged by prices — and then ultimately succumbs to the forces of capitalism. It's easy to say you want to cut back on spending, given high prices, but when a friend asks whether you want to go shopping, it's hard to say no. Hart, the Illinois writer with a brand-new Stanley cup, sees some of her spending as a way to reclaim power.

Persons: Christ, Lydia Boussour, they're, everyone's, Jordan Hart, Hart, Boussour, —, they've, it's, acclimated, It's, Claire Tassin, Tassin, There's, Taylor Swift, jonesing, people's, Ravi Dhar, Dhar, he'd, he's, I've, she'd, she'll, Stanley Organizations: Retail, Consumers, Morning, Center, Yale School of Management Locations: America, Illinois, YOLO splurging, Europe, York

☆ Opinion: Shaking off the Trump effect
▼ + stars: | 2024-04-21 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“We are most deeply asleep at the switch,” wrote Annie Dillard, “when we fancy we control any switches at all. When the Senate voted to send new aid to Ukraine, Israel and Taiwan two months ago, House Speaker Mike Johnson took no action. With the help of Democrats, the House approved aid to Ukraine, Israel and Taiwan on Saturday. Writing for CNN Opinion, he emphasized that there are legal principles that require universities to prohibit expressions of antisemitism.

Persons: CNN —, ”, Annie Dillard, “, time’s, —, Mike Johnson, Donald Trump, Joe Biden, Trump, Biden, Sleepy Joe ”, Israel, Johnson, MAGA, Julian Zelizer, Walt Handelsman, Marjorie Taylor Greene’s, Kevin McCarthy’s, Clay Jones, Fareed Zakaria, Alejandro Mayorkas, “ Biden, ” Zakaria, Bill Clinton, ” Trump, Jack Ohman, Agency Donald Trump’s, dozed, Elliot Williams, Patrick T, Brown, …, ‘, ’, Attorney Alvin Bragg, ” Will, Jeffrey Abramson, ” “, Norm Eisen, Stormy Daniels, ” Eisen, Michael Cohen, Elie Honig, Frida Ghitis, Benjamin Netanyahu, ” Lisa Benson, GoComics.com Peter Bergen, Daniel R, DePetris, Dean Obeidallah, Susanne DeWitt, ” David Schizer, ” Schizer, Danielle Campoamor, Caitlin Clark, Simone Biles, Campoamor, Latika Bourke, John Howard, Justin J, Pearson, Winston Churchill, Holly Thomas, Boris Johnson, Rishi Sunak’s, It’s, ” Thomas, YouGov, ” Don’t, Drew Sheneman, Agency David M, Perry, Frankie de la, Angel Reese, Roy Schwartz, Joni Mitchell —, Raul A, Reyes, Sonia Sotomayor, Jules Boykoff, Jaime M, Valiathan, Ed Manning, Sara Stewart, Noah Berlatsky, Taylor Swift Amy Bass, Taylor Swift, Swift, Department ”, ” Bass, “ Swift, Joe, Alwyn, Diana, they’re, Clara Bow, Dylan Thomas, Patti Smith — Organizations: CNN, Republicans, MAGA Republicans, Agency, Congress, Biden, Homeland, National Guard, ‘, Manhattan, Attorney, New York Democrats, Twitter, Facebook, New York Times, Trump, Berkeley, Nazism, Columbia, Nike, Team USA, Sydney, Port, Conservative, Squadron, Royal Auxiliary Air Force, Central Press, Hulton, National Health Service, WNBA, Ungentlemanly, Department Locations: Ukraine, Israel, Taiwan, Manhattan, Iran, Russia, China, ‘, New, CNN Iran, “ Israel, Gaza, Israeli, Damascus, Iraq, America, Dearborn, Nazi Germany, Berkeley , California, Berkeley, East Bay, Sydney, Port Arthur, Tennessee, Surrey, Croydon, Quebec, Britain, Vancouver, London, Welsh

☆ What happened to Robert Durst? The convicted killer died years before 'The Jinx' Part 2.
▼ + stars: | 2024-04-20 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +5 min

After 'The Jinx' ended, Durst was finally charged with Berman's murder and convicted in 2021Durst in prison. AdvertisementTwo days after his arrest, on March 16, 2015, Durst was officially charged with Berman's murder. Two months later, on September 17, 2021, Durst was finally convicted for Berman's murder and later sentenced to life in prison without the possibility of parole. Weeks later, Durst was also indicted in the 1982 murder of his wife. But that case never made it to trial because Durst died in January 2022.

Persons: —, Robert Durst, who'd, Durst, Kathleen McCormack, Susan Berman, he'd, Berman, He'd, Morris Black, Black, Jon Stewart, Seymour Durst, Andrew Jarecki's, McCormack, wasn't, Berman's, didn't, Weeks, Chip Lewis Organizations: Service, HBO, Authorities, Business, New York Times, Los Angeles County, Prosecutors, The New York Times, San Joaquin General Hospital Locations: York, Beverley, Los, Stockton , California

☆ Opinion: ‘The Ministry of Ungentlemanly Warfare’ has a surprising secret
▼ + stars: | 2024-04-20 | by ( Opinion Noah Berlatksy | ) edition.cnn.com time to read: +7 min

Watch “Apocalypse Now” (1979), “Full Metal Jacket” (1987) or “Platoon” (1986) and you should know what war really means. “Ungentlemanly Warfare” features a disreputable band of riff raff brought together for a super-secret mission. Ritchie makes no such concessions to authenticity in “Ungentlemanly Warfare.”Henry Cavill is Gus March-Phillips in Guy Ritchie’s “The Ministry of Ungentlemanly Warfare." Even when a war movie doesn’t actively mislead you, the promise of being privy to an unvarnished, authentic and extreme experience can be seductive. “It would decay in eternal peace.”Compared to that kind of cult of authentic war, “Ungentlemanly Warfare” feels fairly harmless, and not in a bad way.

Persons: Noah Berlatsky, Ryan, ”, Noah Berlatsky Noah Berlatsky Guy Ritchie’s “, it’s, Fernando Po, raff, Winston Churchill, Rory Kinnear, Gus March, Phillips, Henry Cavill, Anders Lassen, Alan Ritchson, Marjorie Stewart, Eiza, Ritchie, ” Henry Cavill, Gus, Guy Ritchie’s “, Daniel Smith, electroshock, Quentin Tarantino’s, Inglourious, Hitler, He’s, “, Tarantino, Brad Pitt, B.J, Novak, Quentin Tarantino's, they’ve Organizations: CNN, Ungentlemanly, British, Lionsgate Locations: Chicago, “ Dunkirk, ”, Spanish, Fernando, Vietnam

☆ Opinion: It’s time to change the way we think about sociopaths
▼ + stars: | 2024-04-20 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +7 min

CNN —This piece contains mild spoilers for the Netflix series “Ripley” and a scene in the movie “Civil War.”Are we finally ready to take another look at why we love to hate sociopaths so much? But his rendition of Ripley – highly capable, chameleonic, but never what you’d call charming — represents a refreshing take on one of the most famous sociopaths in literature and film. Gagne feels Hollywood’s nearly always gotten it wrong with portrayals of sociopaths, reducing them to a collection of cartoonish, villainous traits. In fact, I found one of film’s most recent sociopaths to be singularly chilling because of his very plausibility. He’s in Alex Garland’s “Civil War,” the polarizing film about a vaguely-sketched conflict set in the modern-day United States.

Persons: Sara Stewart, Ripley ”, Sara Stewart Todd Thompson, Andrew Scott’s, Tom Ripley, Patricia Highsmith’s, Scott, who’s, Ripley –, Steven Zaillian’s, “ Ripley, Jennifer Rubin, ”, Rubin, Tony Soprano, Walter White, Patrick Bateman, Dexter Morgan, Don Draper, I’ve, Emily Nussbaum, Norman Lear’s “, Archie Bunker, Carroll O’Connor, Penn Badgley, Joe Goldberg, Sociopath, Patric Gagne, Gagne, Hollywood’s, vilify, Jenna Ortega, Alex Garland’s “, Jesse Plemons —, —, Owen Gleiberman’s, “ Garland, ” Gleiberman, Ripley, sociopathy, we’ll Organizations: CNN, Netflix, Washington, Vogue Locations: Pennsylvania, ”, United States, America

US House Speaker Mike Johnson (R-LA) speaks during a news conference following the House Republican caucus meeting at the US Capitol in Washington, DC, on November 29, 2023. Speaker Mike Johnson, facing intense opposition from right-wing members, received crucial help from Democrats to move forward with the votes. Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment," the White House budget office said in a statement Friday endorsing the House package. But Johnson, who opposed Ukraine aid last year before he became speaker, now says he believes it is "critically important," based on the intelligence and briefings he has since gotten. Democrats praised the move to proceed to House votes, highlighting their party's key role.

Persons: Mike Johnson, Joe Biden, Thomas Massie, Chip Roy, Ralph Norman, Johnson, — Massie, Marjorie Taylor Greene, I'm, Vladimir Putin, Don Beyer, Grace Meng Organizations: Republican, The, Democratic, White House, Administration, Naval Academy, U.S, Democrats, couldn't Locations: Washington ,, Ukraine, Israel, U.S, China, Ky, Texas, Europe, American

is an investigative reporter at The Times, writing about public corruption. He has been covering the various criminal investigations into former President Trump and his allies.

Persons: Trump Organizations: The Times

☆ Roy Wood Jr. says he made some apologies after his accidentally viral plea for 'The Daily Show' to find a host
▼ + stars: | 2024-04-18 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Roy Wood Jr. went viral at the Emmys for mouthing "please find a host" when "The Daily Show" won. AdvertisementAt the 2024 Emmys, former "Daily Show" correspondent Roy Wood Jr. unwittingly went viral when he went onstage with former host Trevor Noah, who accepted the Emmy award for outstanding talk series. "Please hire a host," Wood, who was no longer with the "Daily Show" at the time, mouthed. Advertisement"The Emmy that 'The Daily Show' won, for about half of that year, there was no host," Wood told BI. "Our writers and our producers and directors, our whole staff really stepped up," Flanz told BI.

Persons: Roy Wood Jr, Wood, —, Trevor Noah, ory Organizations: Service

☆ Meghan Markle and Prince Harry's Huge Business Deals Keep Flopping
▼ + stars: | 2024-04-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Prince Harry and Meghan Markle seem like lovely people. Netflix dropped "Pearl," an animated children's series Meghan created through her and Harry's production company, Archewell Productions, before it even premiered. The audio-streaming company signed a deal with Harry and Meghan in 2020 reportedly worth $20 million. As Michael Pachter, a managing director at Wedbush Securities who's covered movies, entertainment, and tech for two decades, explained, it's because they've still got that $100 million deal. A public breakup with Meghan and Harry may also be a mess Netflix doesn't want to deal with.

Persons: Prince Harry, Meghan Markle, Duke, Duchess, Meghan, Harry, didn't, Michael Pachter, Wedbush Securities who's, they've, Michelle Obama, Ryan Murphy, Shonda, Pachter, there'll, Markle, Harry won't, They're, Jason Bateman, Will Arnett, Sean Hayes, Joe Rogan's, Magic Johnson, Chevy, Reese Witherspoon, LeBron James, Alicia Silverstone, Nicolas Cage, Demi Moore, Gayle King, Charles Barkley, She's, TIG, Emily Stewart Organizations: Netflix, Florida ., Archewell Productions, Street, Spotify, Wedbush Securities, Chevy Chase, Media, Hollywood, CNN, Archewell, Business Locations: Sussex, Florida, Plenty, British

☆ Microsoft has a target to amass 1.8 million AI chips by the end of the year, internal document shows
▼ + stars: | 2024-04-17 | by ( Ashley Stewart | ) www.businessinsider.com time to read: 1 min

Microsoft internally targets 1.8 million GPUs by December 2024, a document shows. Microsoft likely is buying and using several different GPUs for different tasks. Microsoft has an internal target to amass 1.8 million AI chips by the end of 2024, according to a document viewed by Business Insider. Microsoft is trying to make generative AI faster, better, and cheaper, but the effort relies heavily on Microsoft buying the chips, graphic processing units, primarily from designer Nvidia. The document suggests that Microsoft plans to triple the number of GPUs it has in 2024.

Organizations: Microsoft, Business, Nvidia

☆ What the conversation about Caitlin Clark’s pay gets wrong
▼ + stars: | 2024-04-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

The WNBA’s stars aren’t asking to be paid an equal dollar amount to NBA players, however. WNBA players have made progress on salaries since 2020, when they reached their latest collective bargaining agreement with the league. Sharing the revenue pieBecause it’s a smaller and younger league, women’s players have had less bargaining power with team owners over their pay than men. While NBA players receive 50% of total NBA revenue, the WNBA must hit a certain revenue threshold annually before any revenue sharing agreements kick in. This has held back women’s salaries.

Persons: Caitlin Clark, Clark, Angel Reese, ” Terri Jackson, David Berri, Kelsey Plum, Griner, Jackson, ” Jackson, “ It’s, ”, Alicia Jessop, “ That’s, ” David Berri, David Stern, “, Berri, Cathy Engelbert, ” Breanna Stewart Organizations: New, New York CNN, NBA, National Basketball Association, Women’s National Basketball Association, University of Iowa, Louisiana, NCAA, WNBA, ’ Association, CNN, Southern Utah University, Las Vegas Aces, —, Phoenix Mercury, ’, Pepperdine University, longtime, New York Liberty Locations: New York, men’s, Russia

☆ Jon Stewart marvels at how Trump has committed 'so many crimes' he got 'bored' at his own trial
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Jon Stewart couldn't help roasting Donald Trump over reports of him falling asleep in court. Stewart was referencing The New York Times' Maggie Haberman, who said Trump nodded off "a few times" in court. "He's snoring. Advertisement"The Daily Show" host Jon Stewart says he's amused that former President Donald Trump might have dozed off on the opening day of his first criminal trial. "Imagine committing so many crimes, you get bored at your own trial," Stewart said of Trump on Monday night's episode.

Persons: Jon Stewart couldn't, Donald Trump, Stewart, Maggie Haberman, Trump, He's, —, Jon Stewart, he's, Stormy Daniels Organizations: New York Times, Service, Trump, The New

☆ From Sports Betting to Meme Coins, Young Men Are Gambling in Droves
▼ + stars: | 2024-04-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.

Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty

☆ Second Republican backs effort to oust Speaker Mike Johnson from power
▼ + stars: | 2024-04-16 | by ( Scott Wong | Rebecca Kaplan | ) www.cnbc.com time to read: +6 min

"He should pre-announce his resignation (as Boehner did), so we can pick a new Speaker without ever being without a GOP speaker," Massie wrote on X , referring to former GOP Speaker John Boehner, who resigned in the middle of his term in 2015 while facing a similar conservative rebellion from Massie and others. WASHINGTON — A second House Republican said he will support an effort to oust Speaker Mike Johnson from power over his handling of foreign aid for Ukraine and other issues. Johnson told rank-and-file House Republicans in the room that he won't resign, Massie said, a point he reiterated to reporters. "I stand with the speaker," Trump told reporters when asked about Greene's efforts, adding that he gets along great with both Greene and Johnson. One moderate Republican facing a tough re-election bid this fall, Rep. Mike Lawler, R-N.Y., called Greene and Massie's efforts "idiotic."

Persons: Thomas Massie, Anthony Fauci, Tom Williams, Massie, Johnson, Boehner, John Boehner, Marjorie Taylor Greene, WASHINGTON —, Mike Johnson, Rosie, Greene, Republicans —, —, Kevin McCarthy, Jared Moskowitz, Ralph Norman, Matt Gaetz, Troy Nehls, Jim Jordan, MAGA, Donald Trump, Trump, Mike Lawler, Marc Molinaro, Molinaro, McCarthy, — Kyle Stewart, Syedah Asghar, Lori Rampani, Ryan Nobles, Sahil Kapur Organizations: Capitol Visitor Center, National Institute of Allergy, Inc, Getty, Triple, FISA, GOP, Republicans, Republican, U.S, Capitol, Caucus, MAGA Republicans, New York Republican Locations: Ky, Kentucky, Ukraine, WASHINGTON, DC, Washington , DC, Texas, Ohio, Mar, Israel, Taiwan, Mexico

☆ Office Apocalypse, New Expenses Are Wrecking Big Cities' Budgets
▼ + stars: | 2024-04-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Across the country, from Denver and Seattle to Washington, DC, and New York, cities are deciphering whether to slash their budgets. (Most states' fiscal years run from July 1 to June 30.) States and cities are facing pressure from societal issues that will weigh on tax revenue and increase costs for years to come. Aging populations mean a smaller percentage of the population that's of working age, putting downward pressure on tax revenue. But as federal funds have petered out, structural problems have resurfaced.

Persons: Justin Marlowe, Lucy Dadayan, Carol O'Cleireacain, it's, Marlowe, O'Cleireacain, Josh Goodman, Goodman, Liz Farmer, Baltimore's Francis Scott Key, Farmer, Emily Stewart Organizations: Boston, University of Chicago Harris School of Public Policy, Municipal Finance, Pew, Urban, Brookings Tax, Urban Institute, Business Locations: Denver, Seattle, Washington, New York, California , Maryland, Arizona, New York City, New York , New Jersey, Detroit, COVID, States, Maryland, United States

☆ Israel's use of AI to find targets in Gaza offers a terrifying glimpse at where warfare could be headed
▼ + stars: | 2024-04-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +13 min

Israel's reported use of AI in its war against Hamas is highlighting many of the problems concerning future warfare. There are military benefits to AI, but the tools to keep it in check aren't coming fast enough. AdvertisementArtificial intelligence is playing a key and, by some accounts, highly disturbing role in Israel's war in Gaza. AdvertisementIt's time-consuming, and in Israel's case, there's likely been a desire to develop a lot of targets very quickly, Scharre said. That's a substantial number of errors given the scale of Israel's air war and the significant increase in available targets provided by AI.

Persons: Israel's, —, It's, we've, Mick Ryan, MOHAMMED ABED, Lavender, Nadav Shoshani, Israel isn't, Peter Singer, JACK GUEZ, Ryan, There's, we'll, Paul Scharre, doesn't, MAHMUD HAMS, Scharre, Ahmad Hasaballah, Ruben Stewart, Georgia Hinds, Singer, it's, António Guterres, Mirjana Spoljaric, Amir Levy, aren't, Clint Hinote Organizations: Service, Getty, Israel's Defense Force, IDF, US, United Nations, Center for New American Security, Cross Military, Armed, UN, International Committee, Machines Locations: Gaza, Australian, Sderot, Israel, Ukraine, America, Russia, China, Hadera, AFP, US, Gaza City, Khan Yunis, Southern Israel

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