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The US Supreme Court will decide whether Purdue Pharma's bankruptcy settlement will stand. Officially referred to as third-party nonconsensual releases, the legal maneuver allows organizations to settle personal injury claims in bankruptcy court instead of civil court. Legal experts say companies are more often relying on bankruptcy court than civil court to settle claims, The New York Times reported. Opponents of the practice say it robs regular people of their day in civil court. The Sacklers' settlement deal did not require the Sacklers themselves to declare bankruptcy, just Purdue Pharma, according to the Times.
Persons: Sackler, Organizations: Purdue, Service, Purdue Pharma, Reuters, The New York Times, Times
Marlon Brando's Rolex GMT-Master was recently sold at Christie's for more than $5 million. Brando's Rolex, which features unique customizations, was sold at Christie's auction house in November for more than $5 million. On November 6, 113 watches from his collection, including the Rolex GMT-Master, were auctioned off for more than $42 million. You can do anything you want to it and it will keep on going," Brando Fischer recalled her father telling her, according to the report. Brando Fischer later gifted the watch to her husband as a wedding present, which would be hidden in their home for years until it was auctioned.
Persons: Marlon Brando's, Brando, , Marlon Brando, Francis Ford, Mohammed Zaman, Zaman, Denis Balibouse, Petra Brando Fischer, Brando Fischer, I'm, Walter E, Kurtz, Petra Organizations: Rolex, Service, Bloomberg, Oscar, Best, New York Times, Phillips, Brown University, Times Locations: Omani, Geneva, Vietnam
CNBC's Jim Cramer on Thursday told investors why it's hard to be bullish about healthcare stocks, citing challenges stemming from government action and lack of innovation. According to Cramer, the healthcare sector is "in the crosshairs" of the U.S. government because of the upcoming election. Johnson & Johnson and Bristol Meyers are among several drug makers to file lawsuits against the government, broadly arguing that the pricing measures are unconstitutional. The Federal Trade Commission is doing its best to block mergers in the sector, Cramer said. Aside form drug makers, Cramer added that medical device companies haven't seen their business pick up since Covid, also hurting the sector overall.
Persons: CNBC's Jim Cramer, Cramer, Johnson, Bristol Meyers, Eli Lilly Organizations: Biden Administration, Johnson, Federal Trade Commission Locations: Cigna
BRUSSELS, Nov 30 (Reuters) - EU countries are digging in against parts of the Commission's latest proposed package of sanctions on Russia, namely the so-called "no Russia clause", retaliatory financial limits and dual-use goods for personal use, six sources said. The package, which would be the bloc's 12th since Russia invaded Ukraine in February 2022, also seeks to close more loopholes on sanctions circumvention. They justify the moves based on a sanctions list of items that could be used a "potential revenue" for Russia. On the oil side, the EU and G7 are trying to tighten the trade of Russian oil under their $60 per barrel crude oil price cap. Western countries said while it worked for a while, Russian oil revenues were rising thanks to growing "shadow fleet" of tankers made up of aging Western ships.
Persons: Julia Payne, Alison Williams Organizations: Russia, EU Commission, EU, Thomson Locations: BRUSSELS, Russia, Ukraine, Brazil, EU, Russian
Iger has had nothing short of a full plate since retaking the throne of the Magic Kingdom last year. He’s been tasked with repositioning ESPN in a direct-to-consumer future, reversing the company’s faltering creative engine (e.g. In short, it’s been a demanding 12 months for the legendary Disney chief — something Iger was not shy about. But it is still unclear what Iger would like to do with some of the company’s declining television assets, namely ABC. “I’ve been through some difficult times and faced a lot of adversity as a company,” Iger told Disney employees, “and I know that each time we get through it.”
Persons: Bob Iger, Iger, David Muir, He’s, it’s, ” “, ” Iger, , I’ve, he’s, Will, Muir, , Dana Walden, ” Walden, Jimmy Pitaro, Mickey Mouse, ” Pitaro, Pitaro Organizations: CNN, New Amsterdam Theatre, Disney, , ABC, Magic, ESPN, Marvel Studios, Hulu, Hollywood, Walt Disney Company, ABC News, Disney Entertainment Locations: New York City, , Israel
View of the Portuguese parliament on the day of the vote on the 2024 state budget bill on final reading amid Prime Minister Antonio Costa's resignation, in Lisbon, Portugal, November 29, 2023. REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsLISBON, Nov 29 (Reuters) - Portugal's parliament on Wednesday extended tax breaks for foreign residents until the end of next year despite criticism that the scheme has stoked housing prices to levels unaffordable to many Portuguese. Official data showed that over 74,000 people had benefited from the scheme by the end of 2022. Last year the tax exemptionscost the state budget more than 1.5 billion euros ($1.65 billion), an annual increase of 18.5%. ($1 = 0.9106 euros)Reporting by Sergio Goncalves Editing by Catarina Demony and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.
Persons: Antonio Costa's, Pedro Nunes, Antonio Costa, Sergio Goncalves, Catarina Demony, Gareth Jones Organizations: REUTERS, Rights, Socialist Party, Socialists, Thomson Locations: Lisbon, Portugal, Rights LISBON
President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.
Persons: Henry Kissinger, , Richard Nixon's, Kissinger, Richard Nixon, Richard Corkery, Duc Tho, Gerald Ford, Benjamin E, Ford, Warren Burger, Kissinger's, Paula, Gene, Forte, Seymour M, Hersh bashed Kissinger, Walter Isaacson's, Christopher Hitchens, Greg Grandin, Niall Ferguson, Kant, Clausewitz, Bismarck, Barry Gewen, Gewen, Elizabeth Holmes, Nixon, George Shultz, Holmes, Heinz Alfred Kissinger, Louis, Walter, Hitler, Kissingers, Fritz Kraemer, William Yandell Elliott, Spengler, Toynbee, Metternich, Castlereagh, Alfred Eisenstaedt, Mike Wallace, Wallace, Kennedy, Johnson, Republican Nelson Rockefeller, George Romney, Hubert Humphrey, Democratic Sen, George McGovern, McGovern, Nguyen Van Thieu, Reg Lancaster, Tho, Thieu, Mao, Gen, Agha Muhammad Yahya Khan, Nicolae Ceausescu, Zhou Enlai, Leonid Brezhnev, Andrei Gromyko, Dirck, Sen, Henry Jackson, Charles Vanik, Brezhnev, Spiro Agnew, Archibald Cox, Cox, Robert Bork, White, Alexander Haig, Anwar Sadat, David Hume Kennerly, Marxist Salvador Allende Gossens, Fidel Castro's, Martin Bernetti, Allende, Augusto Pinochet Ugarte, Pinochet, Ann Fleischer, Elizabeth, David, Nancy Maginnes, Rockefeller, Jill St, John, Candice Bergen, Shirley MacLaine, Liv Ullman, Diane Sawyer, , Napoleon, Nancy, David Rubinger, Maginnes, Moshe Dayan, Robert Dallek, Nixon's, Bob Woodward, Carl Bernstein, Paula Kissinger, Brooks Kraft Organizations: Gould, Kissinger Associates, National Security, Waldorf, Astoria, Richard Corkery | New York Daily, Forte, Soviets, State, Chief, New York, Theranos Inc, Economic, Nuremberg, George Washington High School, City College of New, Army, 84th Infantry Division, U.S ., Hesse . Harvard, Harvard, Confluence, Foreign, Eisenhower, Republican, Republican National Convention, Rockefeller and Michigan Gov, Democratic, District of Columbia, US National Security, Getty, Paris Peace, North, Nationalist, China, Bettmann, East Pakistan, of, U.S, Soviet Union ., Ballistic, Soviet, Washington, Egyptian Third Army, Department, West, Marxist, Museum, AFP, CIA, Israeli, Southern California Quaker, White, Partners, Power Locations: New York City, U.S, Connecticut, Richard Corkery | New, United States, Vietnam, Saigon, Viet, Soviet Union, Communist China, Israel, Egypt, Syria, Chile, Pakistan, Theranos, Ukraine, Russia, Davos, Switzerland, Fuerth, Germany, Bavarian, American, Nazi Germany, London, New York, City College of New York, Ahlem, Hanover, German, Krefeld, Hesse, Cambodia, Massachusetts, Haiphong, Paris, North, China, Washington, Taiwan, People's Republic of China, Beijing, Moscow, India, East, Bangladesh, Shanghai, USSR, Soviet, Kremlin, Dirck Halstead, Ohio, Saudi, Japan, Sinai, Alexandria, Cairo, Suez, Americas, Santiago, Cuba, Chilean, America, Europe, Virginia, Southern California
The best and worst career advice I ever got
  + stars: | 2023-11-28 | by ( Henry Blodget | ) www.businessinsider.com   time to read: +4 min
I've gotten some great career advice over 35 years in the workforce. AdvertisementOver the past 35 years, I've been the lucky and grateful recipient of some excellent career advice. I've also gotten lousy career advice, including this:Advertisement"Follow your bliss." The best adviceThe best career advice I ever got, meanwhile, came from one of my first bosses on Wall Street, an investment banker named Jonathan Morgan. Want to change your job, career, life, community, or world for the better?
Persons: I've, , Joseph Campbell, Campbell, Sarah Lawrence, Jonathan Morgan, Jonathan, I'm Organizations: Service, Yale, Ivy League
Gen Zers are sounding off about the soullessness and exhaustion of corporate work. Some members of Gen Z have gone viral recently for their frustrations with 9-to-5 hours and "soulless" corporate work. For one thing — and it was a big thing — the corporate job came with a salary and benefits. So, for me, despite a rough start, the soulless corporate 9-to-5 thing (more like 7-to-10 in that industry) eventually worked out. Eventually, your priorities may change, and corporate work and its schedules may seem less soul-sucking and more rewarding.
Persons: , Gen Z, didn't Organizations: Service
President Biden signed the country’s first major climate law and is overseeing record federal investment in clean energy. In each of the past two years, he attended the annual United Nations climate summit, asserting American leadership in the fight against global warming. But this year, likely to be the hottest in recorded history, Mr. Biden is staying home. At the same time, climate activists, particularly the young voters who helped elect Mr. Biden, want the president to shut down drilling altogether. Internationally, developing countries are pushing Mr. Biden to deliver on promises for billions of dollars to help cope with climate change.
Persons: Biden, centrists, Mr Organizations: White House, Russia, Republican Locations: United Nations, Dubai, Israel, Ukraine, United States
McDonald's has been reluctant to share many details about its planned new restaurant concept CosMc's. AdvertisementWe know just a bit more about CosMc's, McDonald's super-secret new restaurant concept based on an obscure McDonaldland character from the late '80s. Scott FredricksonA Google Maps search indicates the building is a former Boston Market restaurant that is indeed next door to a McDonald's. CosMc's on Google Maps Google MapsScott Fredrickson posted a few photos of the building's exterior on Facebook. The building appears to have a blue exterior and the CosMc's sign logo has a retro feel.
Persons: McDonald's, , Chris Kempczinski, TikToker Snackloator, Snackloator, Scott Fredrickson, CosMc's Organizations: Service, Google, Boston Market, Facebook Locations: Bolingbrook , Illinois, CosMc's, Boston
The future of interest rates is more surprises
  + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.
Persons: Claudio Borio, , , Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan
Goldman names global growth stocks set to make a comeback
  + stars: | 2023-11-24 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +1 min
European growth stocks haven't been doing as well as their U.S. peers this year. Growth stocks in the region have underperformed value stocks by 13% since the start of the rate-hiking cycle in 2022, according to Goldman Sachs in a Nov. 20 report. Bond yields appear to have peaked — a positive for growth stocks — and economic growth should speed up in the first quarter of next year — a positive for value stocks. The bank recommends an overweight rating for pure growth companies, namely those in its growth basket. Goldman said "pure growth" companies are more cyclical than quality stocks or stocks with stable margins.
Persons: Goldman Sachs, Goldman, Michael Bloom Organizations: Tech Locations: Europe
CNN —Four more members of South Korean boy band BTS are set to start their compulsory military service as the group’s hiatus continues. This means all seven members of BTS are now either serving in the South Korean military or in the process of enlisting. “We would like to inform our fans that RM, Jimin, V, and Jung Kook have initiated the military enlistment process,” the band’s music label BIGHIT Music wrote in a statement. “The artists are preparing to fulfill their military service duties. “We ask you for your continued love and support for RM, Jimin, V, and Jung Kook until they complete their military service and safely return.
Persons: , Jung Kook, , Jin, Suga Organizations: CNN, South Korean, BTS, BIGHIT Music, Spotify Locations: Jimin, South Korea, South Korea’s
OK, Gen Z, let's talk about work!
  + stars: | 2023-11-22 | by ( Henry Blodget | ) www.businessinsider.com   time to read: +4 min
Gen Zers have frustrations and questions about work. AdvertisementI gather that some Gen Zers are appalled by traditional 9-to-5 hours, "corporate soullessness," and other aspects of modern work. This job will also be work to get and keep, because a lot of other talented people will also want it. I've had jobs I've loved and jobs I've hated. I've had jobs I've been good at and jobs I've sucked at.
Persons: I've, , Zers, I'm, euphemistically Organizations: Service, Business, Tennis, Corporate
Now Widodo also needs a free trade agreement (FTA) with the United States for Indonesian materials to qualify for the generous EV subsidies available under the Biden administration's Inflation Reduction Act (IRA). What it got after last week's bilateral meeting was a commitment "to develop a critical minerals action plan (...) with a view toward establishing the foundation to launch future negotiations on a critical minerals agreement". The joint statement included some pointers as to what the United States expects from that action plan in terms of environmental, social and governance (ESG) standards. A limited trade agreement on critical minerals could become an even more restricted deal if it were to apply only to non-Chinese material streams. South Korea has the advantage of having had an FTA with the United States since 2012.
Persons: Joko Widodo, Tesla, Widodo, Washington, Biden, Joe Manchin, Janet Yellen, Manchin, Trafigura, Emelia Sithole Organizations: Vale Tbk, U.S, Biden, GREEN, Benchmark Minerals, Australia, Greenpeace, of, Group, Minerals, Korea, Reuters, Thomson Locations: Sorowako, Indonesia's, Asian, United States, Indonesia, United, GREEN Indonesia, Philippines, Ulsan, South Korea, Morocco, South
Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."
Persons: , Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America
This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.
Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, , Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, , ” Rabin, ” Arafat, , Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah
Can Argentina really move from the peso to the dollar?
  + stars: | 2023-11-20 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
2 economy and ditch its peso currency in favor of the US dollar. Milei must tackle inflation above 140%, a shortfall in foreign currency reserves and the prospect of another painful recession. Argentina’s financial markets are closed Monday for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 and $975 rates seen on Friday. Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the US Federal Reserve.
Persons: London CNN — Javier Milei, Sergio Massa, Milei, ” —, , ” Milei, , , Bruno Gennari, Javier Milei, Natacha, dollarization, ” William Jackson, “ It’s, Thierry Larose, ” Larose, Kristalina Georgieva, Jackson, — Valentina Gonzalez, Stefano Pozzebon, Olesya Dmitracova Organizations: London CNN, Libertad Avanza, Peronist, , ” Financial, Argentine, State, Banco, Grupo Financiero Galicia, KNG Securities, US Federal Reserve, AP, Capital Economics, Vontobel, Management, CNN, Monetary Fund, Bank, IMF, Reuters Locations: Argentina, New York, Brazil, Mexico, Dollarization, Argentina’s, Zurich, dollarization, Washington, DC, Argentine
MPS shares were down 7.8% at 2.83 euros by 1145 GMT on Tuesday, reflecting the impact of the sale. EU COMMITMENTSBofA Securities, Jefferies and UBS Europe coordinated the accelerated bookbuilding for the stake sale, the Treasury said in a statement. Commitments Italy agreed with European Union competition authorities at the time of the bailout bind Rome to eventually sell its entire stake in the bank. Two years ago heavyweight UniCredit (CRDI.MI) sank the government's privatisation efforts, forcing Rome to seek more time from the EU. The stake sale is seen as giving Italy more flexibility to pursue a long-term solution for MPS via a merger with a rival, after negotiations with UniCredit were complicated by an impending re-privatisation deadline.
Persons: Jennifer Lorenzini, Luigi Lovaglio, Giancarlo Giorgetti, Giorgia Meloni, Valentina Za, Lincoln, Richard Chang, Mark Potter Organizations: Monte, REUTERS, Treasury, MPS, BofA Securities, Jefferies, UBS Europe, European Union, Reuters, Economy, Banco, BPER Banca, EU, Thomson Locations: Monte dei, Siena, Italy, MILAN, Rome
A few years ago, Nicolas Fasel, a biologist at the University of Lausanne in Switzerland, and his colleagues developed a fascination with the penises of serotine bats, a species found in woodlands and the attics of old buildings across Europe and Asia. Serotine bats sport abnormally long penises with wide, heart-shaped heads. When erect, the members are around seven times longer than the female’s vagina, and their bulbous heads are seven times wider than the female’s vaginal opening. What they discovered has overturned an assumption about mammalian reproduction, namely that procreation must always involve penetration. In a study, published Monday in the journal Current Biology, Dr. Fassel and his colleagues presented evidence that serotine bats mate without penetration, making them the first mammals known to do so.
Persons: Nicolas Fasel, , Fasel, Fassel, Organizations: University of Lausanne Locations: Switzerland, Europe, Asia
The leader of a South Dakota tribe is expected to declare an emergency on the state’s largest Native American reservation because of rampant crime that he said hasn’t been curbed due to the U.S. government’s inadequate funding for law enforcement. Only 33 officers and eight criminal investigators are responsible for more than 100,000 emergency calls each year across the 5,400-square-mile (14,000-square-kilometer) reservation, tribal officials have said. Oglala Sioux officials contend the tribe is entitled to federal funding for 120 fully equipped officers for the reservation, something the federal government has disputed. Giovanni Rocco, a spokesperson for the Interior Department, noted in an email to the AP that the department’s Law Enforcement Task Force has recommended the federal government increase law enforcement staffing levels on reservations. Lange, the judge in the Oglala Sioux case, has noted the Pine Ridge reservation is among the most impoverished places in the country.
Persons: hasn’t, Frank Star, , , Ben Fenner, Roberto Lange, it's, They're, Giovanni Rocco, Robert Miller, Miller, Lange, ” ___ Trisha Ahmed, @TrishaAhmed15 Organizations: U.S, Oglala Sioux, Sioux, Interior Department, of Indian Affairs, The Associated Press, District, AP, Force, Arizona State University, ., Shawnee Tribe, Tribal, Northern Cheyenne, Associated Press, America Statehouse News Initiative, America Locations: South Dakota, Oglala, U.S, States, Connecticut, reevaluate, United States, Oglala Sioux, Shawnee, Oklahoma, Montana, Pine
CNN —Let’s face it, people generally don’t come to Godzilla-related projects for the actors and drama, which is basically the leap that “Monarch: Legacy of Monsters” asks viewers to make. Stretched into a multi-generational Apple TV+ series, the show is as much a Titan-ic soap opera as a monster mash, proving mildly watchable but without enough of the city-leveling antics for which the big guy is known. Godzilla appears, occasionally, in the Apple TV+ series "Monarch: Legacy of Monsters." For that latter contingent, “Legacy of Monsters” should be mildly entertaining, but even with Apple’s sizable investment, it too often feels like a gigantic donut with a Godzilla-shaped hole in the middle. “Monarch: Legacy of Monsters” premieres November 17 on Apple TV+.
Persons: , Lee Shaw, Kurt Russell, Wyatt Russell, Shaw, William, Keiko Randa, Anders Holm, Mari Yamamoto, Keiko, Anna Sawai, Ren Watabe, Russell, Indiana Jones Organizations: CNN, Apple
Hong Kong CNN —Tencent rushed to build up “one of the largest inventories of AI chips in China” before US export restrictions took hold, an executive said Wednesday. It is one of the chipmaker’s advanced AI chips designed for use in data centers, the physical facilities used to store troves of electronic information. In late October, Nvidia disclosed that the just-announced restrictions had come into effect “immediately,” weeks earlier than scheduled. “Going forward, we will have to figure out ways to make … the usage of our AI chips more efficient,” namely by working to retain most of the company’s high-performance chips for training the model, he added. The bot was developed specifically for corporate users, allowing them to catch up on meetings by viewing automated summaries or put together documents more efficiently, Lau told analysts.
Persons: Hong Kong CNN — Tencent, Martin Lau, , ” Lau, Tencent, , Biden, Kai, Fu Lee, Lau Organizations: Hong Kong CNN, Nvidia, Bloomberg, Sinovation Ventures, Huawei, Center for Strategic, International Studies, Semiconductor Manufacturing International Corporation Locations: China, Hong Kong, China ”, United States, Beijing, Washington, Shenzhen
London CNN —UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. Services inflation fell but remained high, at 6.6%. “The UK economy is still very much facing stagflation and, in our view, the road ahead will likely continue to be bumpy,” said Julien Lafargue, chief market strategist at Barclays Private Bank. Stagflation refers to a toxic mix of high inflation and low, or no, economic growth. There is also evidence that higher interest rates are placing an increasing strain on the economy.
Persons: Rishi Sunak, , ” Sunak, Gary Smith, GMB, , Andrew Bailey, Alex Veitch, Sunak’s, , Julien Lafargue, ” Ewan Mackay, Jeremy Hunt, Veitch Organizations: London CNN —, National Statistics, Bank of England, Chambers of Commerce, , Barclays Private Bank, NatWest, Accenture, P, British Chambers of Commerce Locations: United Kingdom, Ireland, British
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