DIRS.INFO The most relevant business & tech news

The central bank's first female governor, Erkan is also its fifth chief in four years, underlining the challenge she may face delivering a lasting policy turnaround after Erdogan has all but stamped out the bank's independence in recent years. Analysts now expect Turkey's central bank to hike interest rates to between 20% and 25% from 8.5% as soon as this month. ORTHODOX FINANCE MINISTERErdogan, a self-proclaimed "enemy" of interest rates, has pressed the central bank to deliver stimulus in recent years and has been quick to replace its governor. The central bank slashed its policy rate to 8.5% from 19% in 2021, leaving real rates deeply negative and the lira largely managed by dozens of regulations covering credit and foreign exchange. But the last central bank governor to raise rates, Naci Agbal, was fired in 2021 after less than five months on the job.

Persons: Tayyip Erdogan, Hafize Gaye Erkan, Goldman Sachs, Erdogan's, Erdogan, Kavcioglu, Selva Demiralp, Mehmet Simsek, Simsek, Erkan, Naci Agbal, Marsh, Kathryn Wylde, Wylde, Ali Kucukgocment, Jonathan Spicer, Daren Butler, Cynthia Osterman, Hugh Lawson Organizations: Lira, First Republic Bank, Official Gazette, Koc University, U.S . Federal Reserve, Princeton University, First, JPMorgan, Analysts, FINANCE, Greystone, Partnership, New, Thomson Locations: ISTANBUL, United States, unorthodoxy, Erkan, U.S, New York City

☆ ‘Never Have I Ever’ comes to an end. Its stars reflect on what made the show so special
▼ + stars: | 2023-06-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

For one, she wasn’t the only South Asian person there. For another, she and her fellow South Asian castmates Maitreyi Ramakrishnan and Poorna Jagannathan were the leads of the show. “From that day forward, every day that I was on set until the last day we wrapped up season four, that realization hit me every single day,” Moorjani said in a Zoom call. And as the beloved show comes to an end, its stars are reflecting back on its legacy. That she is the lead of the show is in itself significant for South Asian representation.

Persons: Richa Moorjani, ”, Poorna Jagannathan, Devi, Kamala, ” Moorjani, Mindy Kaling, Lang Fisher, she’s, ” Ramakrishnan, “, There’s Nirmala, Ranjita, Megan Suri, That’s, it’s, Jagannathan, ” “, subtler, Nalini, Mohan, ” Jagannathan, I’ve, you’re, “ It’s, Kaling’s Organizations: CNN, Netflix, Princeton, Variety Locations: United States, Devi, Indian, Hollywood, Sherman Oaks , California, American, India

☆ First Republic's former co-CEO could be Turkey's next central bank chief
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

A former co-CEO of First Republic is said to be in line to be Turkey's next central bank chief. Turkey's central bank is expected to return to more orthodox policies. That's not stopping the Turkish government, which is considering Hafize Gaye Erkan, a former co-CEO of First Republic, to be the next governor of its central bank, according to reports. The bank would ultimately name the chief financial officer, Michael Roffler, to be CEO. Turkey's central bank has been a punching bag for Erdogan, who has forced out its leaders and pressured the bank to slash interest rates even in the face of surging inflation.

Persons: Hafize Gaye Erkan, Goldman Sachs, Recip Tayyip Erdogan, Erkan, Jim Herbert, Herbert, Graystone, Michael Roffler, Erdogan, Mehmet Şimşek Organizations: First, Morning, Princeton, JPMorgan Chase, Erkan, Reuters, First Republic, Financial Times, Bogazici University Locations: First Republic, Turkey's, Turkey, Republic

☆ Inside the Wall Street internship: A 21-year-old investment-banking intern walked us through a 75-hour work week churning out pitch decks, partying in Brooklyn, and digging into ice cream at the offic
▼ + stars: | 2023-06-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

From late-night ice cream parties to cramming on their final project, here's a look. 8 P.M.: Back to the office to work on some slides for an upcoming public offering for a client. Afterward, I continue working on my final project. I ordered Sweetgreen while I kept plugging away on my final project. Just focusing on my final project this morning; it's due this weekend.

Persons: We're, it's, Sweetgreen, I'm, Goldman Sachs, Van, interning, Morgan Stanley, He's, Goldman Organizations: Wall, Marriott Marquis, Princeton Locations: New York, Bryant Park, Brooklyn, New York City, We're

Late last month a Chinese fighter jet flew in front of a U.S. warplane over the South China Sea, drawing a rebuke from the United States. China regards the United States as an outsider interfering in a region in which it sees itself as a force for peace and stability. The United States says such patrols defend the right of all countries to sail in international waters. Some analysts say Chinese military commanders have been encouraged to act more assertively against foreign military ships and planes. And that's when the United States would eventually take the necessary measures to reduce the risk."

Persons: Xi Jinping, ”, Jennifer Parker, Derek Grossman, China's, Tong Zhao, Nancy Pelosi's, Michael Martina, Martin Pollard, Yew Lun Tian, Laurie Chen, Don Durfee, Gerry Doyle Organizations: U.S, People's Liberation Army Navy, PLAN, PLA, Australian Strategic Policy Institute, RAND Corporation, Communist Party, Princeton University’s School of Public and International Affairs, Pentagon, ., Reuters, Washington, Thomson Locations: WASHINGTON, BEIJING, Chinese, U.S, Taiwan Strait, South China, United States, China, CHINA, Beijing, Asia, Philippines, Vietnam, Taiwan, Hainan

☆ Does human intelligence come from our big brains? A new discovery in ancient humans with brains one-third the size of ours is challenging the idea that bigger is better.
▼ + stars: | 2023-06-06 | by ( Maddie Burakoff | Associated Press | ) www.businessinsider.com time to read: +5 min

Homo naledi had brains one-third the size of humans but were capable of complex thought. The Homo naledi species is still new and mysteriousH. naledi is a pretty new addition to the family tree of hominins, which includes our direct ancestors and other extinct relatives who walked on two legs. Researchers analyze fossils of Homo naledi at the University of the Witwatersrand's Evolutionary Studies Institute in Johannesburg. But those species still had big brains — unlike H. naledi, whose burials would raise further questions about human evolution, Stringer said. For study author Agustin Fuentes, an anthropologist at Princeton University, the H. naledi evidence takes the focus off brain size.

Persons: Homo naledi, —, naledi, they've, Lee Berger, Robert Clark, AP Berger, John Hawks, Lee Berger's, Megan, Rick Hunter, Berger, sapiens, Chris Stringer, we've, Stringer, Agustin Fuentes, Fuentes, Rick Potts, Potts Organizations: Service, National Geographic Society, University of, Evolutionary Studies, Geographic, AP, University of Wisconsin, Princeton University Locations: South Africa, Johannesburg, Madison, Witwatersrand

☆ Left-wing philosopher Cornel West launches long-shot 2024 presidential bid
▼ + stars: | 2023-06-05 | by ( Tim Reid | ) www.reuters.com time to read: +2 min

[1/2] Political activist Cornel West announces his candidacy for the U.S. presidency via social media, as the candidate for the People's Party, June 5, 2023, in this still image obtained from a social media video. CornelWest via REUTERSJune 5 (Reuters) - Cornel West, a progressive political activist and philosopher, announced on Monday that he is launching a third-party 2024 bid for the U.S. presidency. "I want to reintroduce America to the best of itself – the dignity, courage and creativity of precious everyday people," West declared on his People's Party website. Bush to Democrat Bill Clinton, as Perot siphoned off a chunk of Republican voters in the nearly 20 million votes he received. In 2000, many analysts believe Democratic presidential candidate Al Gore would have beaten Republican George W. Bush if Green Party candidate Ralph Nader had not run.

Persons: Cornel West, West, Joe Biden, Ross Perot's, George H.W, Bush, Bill Clinton, Perot, Al Gore, Republican George W, Ralph Nader, Nader, Tim Reid, Alistair Bell Organizations: U.S, People's Party, REUTERS, Twitter, White, Democratic, Party, Republican, Green Party, Union Theological Seminary, Harvard, Princeton, Thomson Locations: America, Florida, New York

☆ Erdogan considering Erkan as Turkey cenbank chief, sources say
▼ + stars: | 2023-06-05 | by ( Orhan Coskun | ) www.reuters.com time to read: +4 min

Erkan met with Mehmet Simsek, Turkey's newly-appointed treasury and finance minister, in Ankara on Monday, one of the sources said. The two sources told Reuters she is set to meet Erdogan soon to discuss the possible role. Turkey's policy rate was cut to 8.5% from 19% in 2021, setting off a historic currency crash in late 2021. Erkan would be the country's fifth central bank chief in four years. The central bank has been the linchpin of Erdogan's programme of monetary stimulus and targeted credit to boost economic growth, exports and investments.

Persons: Erdogan, Tayyip Erdogan, Hafize Gaye Erkan, Erkan, Mehmet Simsek, Sahap Kavcioglu, Goldman Sachs, Simsek, Kathryn Wylde, Wylde, Naci Agbal, Marsh, Jonathan Spicer, Daren Butler, Angus MacSwan, Emelia Organizations: Reuters, First Republic Bank, Treasury, Ivy League, Princeton, New, First, JPMorgan, Greystone, Thomson Locations: Turkey, ANKARA, United States, Ankara, New York City, U.S

☆ Citadel's red-hot run has led to a new problem: It's harder than ever to nab an internship there
▼ + stars: | 2023-06-05 | by ( Paige Hagy | ) www.businessinsider.com time to read: +6 min

Billionaire Ken Griffin's Citadel internship program is attracting more students than ever before. Citadel, the $57 billion hedge fund, and market maker Citadel Securities recruit hundreds of undergraduate and graduate students every year for an 11-week summer internship program. The internship starts Monday, with a kickoff week at the Four Seasons in Fort Lauderdale and Palm Beach. "We think of campus recruiting very much the same way that other firms think of executive recruiting," Mitro said. "All of it is geared towards simulating what life would be like for them if they were to join the firm," Mitro said.

Persons: Ken, Matt Mitro, Griffin, Mitro, It's, it's, commerciality, UT Austin — Organizations: Citadel, Citadel Securities, New, Wayback, NASA, US Army, MIT, UC Berkeley, Harvard, Stanford, Princeton, UT Austin, Mathematical Association of America, Intercollegiate, Discover Citadel Locations: Fort Lauderdale, Palm, Citadel, Miami, New York City, Singapore, Paris, Palm Beach, New York, Chicago, London, Hong Kong

☆ Cornel West, Progressive Scholar, Announces Third-Party Bid for President
▼ + stars: | 2023-06-05 | by ( Maggie Astor | ) www.nytimes.com time to read: +1 min

Cornel West, the progressive activist and professor, announced a presidential campaign on Monday with the People’s Party, a third party led by a former campaign staff member for Senator Bernie Sanders. “I enter in the quest for truth, I enter in the quest for justice, and the presidency is just one vehicle to pursue that truth and justice — what I’ve been trying to do all of my life,” Dr. West said in a campaign video posted on Twitter. In the video, Dr. West said he had decided to run as a third-party candidate because “neither political party wants to tell the truth about Wall Street, about Ukraine, about the Pentagon, about Big Tech.” He called former President Donald J. Trump, the front-runner for the Republican nomination, a “neo-fascist,” and President Biden a “milquetoast neoliberal.”Dr. West has taught at Yale, Princeton and Harvard and is currently a professor of philosophy at Union Theological Seminary. He is known for his progressive activism, including his sharp criticism of former President Barack Obama.

Persons: Cornel West, Bernie Sanders, “, I’ve, ” Dr, West, Donald J, Trump, Biden, Dr, Barack Obama Organizations: People’s Party, Twitter, Pentagon, Big Tech, Republican, Yale, Princeton, Harvard, Union Theological Seminary Locations: Ukraine

☆ Ivy League acceptance rates 'may have bottomed out,' expert says — here's what that means for getting into schools like Harvard
▼ + stars: | 2023-06-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. This year's high school graduating class faced one of the toughest college-application seasons on record. "Acceptance rates may have bottomed out." Harvard University, for instance, received more than 56,000 applications and admitted just 3.4% to the Class of 2027. Other universities, including Princeton, Yale and Columbia, also had acceptance rates below 5%.

Persons: it's, Hafeez Lakhani, Lakhani Organizations: Harvard, Harvard University in, Ivy League, Finance, SUNY, Harvard University, Princeton, Yale Locations: Harvard University in Cambridge , Massachusetts, New York, Columbia

☆ McCarthy Earns the Speakership
▼ + stars: | 2023-06-02 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.

Persons: Kimberley Strassel, Strassel Organizations: Wall Street, Potomac Watch, Dow Jones & Co, The, Street, Fox, Sunday, Press, Policy, International Affairs, Princeton University Locations: Kimberley, Alaska, Brussels, London, New York, An Oregon

☆ Trump critic Chris Christie to announce White House bid next week
▼ + stars: | 2023-05-31 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

[1/2] U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015. Christie has played the role of attack dog before: in a memorable debate appearance shortly before he ended his 2016 campaign, Christie mocked U.S. Three days after Trump's surprise victory, Christie was fired as the head of Trump's White House transition team. Since the Jan. 6, 2021, attack on the U.S. Capitol by a mob of Trump supporters, Christie has jabbed at Trump on numerous occasions. Christie was also a candidate for the 2012 Republican presidential nomination but was beaten by eventual nominee Mitt Romney.

Persons: Chris Christie, Chris Keane PRINCETON, Donald Trump's, Christie, Axios, Trump's, Trump, Bill Palatucci, Marco Rubio, Ron DeSantis, Tim Scott, Nikki Haley, Mike Pence, Chris Sununu, Joe Biden, Washington, Charles Kushner, Jared Kushner, Jean Carroll, Mitt Romney, Susan Heavey, Joseph Ax, Nathan Layne, Katharine Jackson, Andrew Heavens, Chizu Nomiyama, Daniel Wallis Organizations: U.S, Republican, New, America, REUTERS, Former New Jersey, Trump, Reuters, Saint Anselm College, New Jersey Republican, South Carolina, New Hampshire, Democratic, Capitol, Republicans, Thomson Locations: New Jersey, Greenville , South Carolina, Chris Keane PRINCETON , New Jersey, New Hampshire, Florida, U.S, New York City

☆ Former NJ governor Chris Christie to launch bid for president -source
▼ + stars: | 2023-05-31 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

Christie, 60, enters the race as a decided underdog, six years after his 2016 presidential campaign failed to gain traction amid a crowded field that included Trump. In March, Christie told Axios he would not vote for Trump in 2024 even if the former president was the Republican nominee. He has played the role of attack dog before: in a memorable presidential debate appearance shortly before he ended his 2016 campaign, Christie mocked U.S. He and Trump exchanged plenty of barbs during the early stages of the 2016 campaign. Christie was also a candidate for the 2012 Republican presidential nomination but was beaten by eventual nominee Mitt Romney.

Persons: Chris Christie, Donald Trump's, Christie, Axios, Trump's, Trump, Mike Pence, Ron DeSantis, Marco Rubio, Washington, Charles Kushner, Jared Kushner, Jean Carroll, Mitt Romney, Susan Heavey, Joseph Ax, Nathan Layne, Katharine Jackson, Andrew Heavens Organizations: PRINCETON, Former New Jersey, Trump, Reuters, Saint Anselm College, Republican, Democratic, U.S, Capitol, Republicans, Thomson Locations: New Jersey, New Hampshire, Florida, New York City

☆ US announces $46 million in funds to eight nuclear fusion companies
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 31 (Reuters) - Eight U.S. companies developing nuclear fusion energy will receive $46 million in taxpayer funding to pursue pilot plants attempting to generate power from the process that fuels the sun and stars, the Department of Energy said on Wednesday. Generating more energy from fusion reaction than goes into it has eluded scientists for decades. The Energy Department's Milestone-Based Fusion Development Program hopes to help develop pilot-scale demonstration of fusion within a decade. The awardees are:-Commonwealth Fusion Systems-Focused Energy Inc-Princeton Stellarators Inc-Realta Fusion Inc-Tokamak Energy Inc-Type One Energy Group-Xcimer Energy Inc-Zap Energy IncThe funding, which comes from the Energy Act of 2020, is for the first 18 months. Looking to launch fusion plants that use lasers or magnets, private companies and government labs spent $500 million on their supply chains last year, according to a Fusion Industry Association (FIA) survey.

Persons: Harris, Jennifer Granholm, Timothy Gardner, Matthew Lewis Organizations: U.S, Department of Energy, Energy, Biden, Harris Administration, Commonwealth Fusion Systems, Inc, Princeton Stellarators Inc, Tokamak Energy Inc, One Energy, Xcimer Energy, Fusion Industry Association, FIA, Thomson Locations: Washington

For now, tech companies seem to view both trust and safety and AI ethics as cost centers. That included all but one member of the company's 17-person AI ethics team, according to Rumman Chowdhury, who served as director of Twitter's machine learning ethics, transparency and accountability team. Chowdhury referenced an initiative in July 2021, when Twitter's AI ethics team led what was billed as the industry's first-ever algorithmic bias bounty competition. Still, sources familiar with the matter said that following the layoffs, the company has fewer people working on misinformation issues. watch nowFor those who've gained expertise in AI ethics, trust and safety and related content moderation, the employment picture looks grim.

☆ Students and young engineers are fed up with Big Tech
▼ + stars: | 2023-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Big Tech is losing its appeal for new graduates and young tech workers starting to look elsewhere to launch their careers. Peers and mentors warn them to avoid the trappings of embarking on a Big Tech career. Based on conversations with students and companies, even students from top schools including Stanford and MIT and junior engineers from top tech companies are "feeling the crunch now," Lerner said. Tech students are applying to jobs in other fieldsWhile students and young engineers are still interested in pursuing tech-focused careers, where they want to put in their time is changing. The impact of waning interest in Big Tech among students on major companies remains to be seen.

☆ David Axelrod: After Barack Obama, America will never be the same
▼ + stars: | 2023-05-20 | by ( David Axelrod | ) edition.cnn.com time to read: +7 min

David Axelrod, a CNN senior political commentator and host of “The Axe Files,” was a senior adviser to former President Barack Obama and chief strategist for the 2008 and 2012 Obama presidential campaigns. CNN —In all the years I worked for Barack Obama, I didn’t think enough about the burdens of being America’s first Black president – in part because he bore them so gracefully. The president asked me to chat with her and assess how she would hold up under the pressures of the confirmation process and that weighty history. Jacob Philadelphia, the son of a White House staff member, touches then- President Barack Obama's hair in the Oval Office of the White House. It was a moving, spontaneous scene captured by the splendid White House photographer Pete Souza.

☆ Durham on Comey’s Culpability
▼ + stars: | 2023-05-19 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

☆ Academics weigh in on how BOJ's Ueda can exit easy policy
▼ + stars: | 2023-05-19 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

At the meeting on Monday, Ueda - himself a Massachusetts Institute of Technology (MIT)-educated academic - said the BOJ will maintain ultra-loose policy as it would take time for inflation to sustainably hit its 2% target, the minutes showed. Keeping long-term interest rates low for too long would also expose Japan to speculative market attack, Kiyotaki said. University of Tokyo professor Tsutomu Watanabe said Japan's inflation expectations have heightened to levels close to those in the United States and Europe, the minutes showed. But Shinichi Fukuda, also an University of Tokyo academic, said achieving wage growth alone won't fix economic woes. "Japan is no longer in a state of deflation thanks to the BOJ's extraordinary monetary easing.

☆ Opinion | The Tyranny of ‘The Best’
▼ + stars: | 2023-05-19 | by ( Rachel Connolly | ) www.nytimes.com time to read: +3 min

“I think the really important thing to me — which is probably not a healthy thing — is I want to make sure the people I’m with have the best time possible,” Dan told me. Some version of the “hottest new restaurants of the year” could be found in local newspapers and magazines for decades — not to mention the best dentists, doctors, schools. Listicles proliferated as a kind of content that was easy to produce, easy to attract attention to, easy to sell ads against. The best easy-to-assemble tents, the 30 softest midrange nightgowns, the 17 smoothest razors under $50, the top seven waterproof briefcases. There are best-of lists of less concrete things, too: the 100 best novelists of the past 100 years; rich lists; the 30 under 30.

☆ Carbon Accounting Changes Could Lift Corporate Greenhouse-Gas Emissions
▼ + stars: | 2023-05-18 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Changes to emissions accounting rules are being considered that could significantly increase carbon footprints for companies claiming to use 100% renewable power in their efforts to decarbonize. How companies tally greenhouse-gas emissions from their electricity purchases—so-called Scope 2 emissions—was the most popular issue in a recent consultation on updating widely used GHG Protocol carbon accounting rules. A recent review by carbon management firm FlexiDAO of 22 multinationals that bought renewable electricity across 27 countries found that they could be underestimating their electricity emissions by close to 50% under the current system. The GHG Protocol secretariat is reviewing the more than 1,400 survey responses, around 400 of which mentioned Scope 2. Other areas of focus were emissions in the value chain, or so-called Scope 3 emissions, market-based accounting approaches, and corporate accounting and reporting standards.

☆ Opinion | Death and the City
▼ + stars: | 2023-05-17 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

“Some have hypothesized that the rise in homicide rates is specifically a result of the June 2020 protests,” Chalfin and MacDonald wrote, but “theories about the role of the protests must contend with several challenges. The data also pinpoint the timing of the spikes to late May 2020, which corresponds with the death of George Floyd while in police custody in Minneapolis and subsequent anti-police protests — protests that likely led to declines in law enforcement. Although unemployment caused by Covid surged in April, there was little if any increase in murders at that time. That is the challenge that every city should be grappling with. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

☆ Claire Chase Is Changing How People Think of the Flute
▼ + stars: | 2023-05-16 | by ( Joshua Barone | ) www.nytimes.com time to read: +1 min

Something unusual happens when people speak about the flutist Claire Chase. They use superlatives that would seem reckless if they weren’t repeated so often. “It’s so difficult to talk about Claire,” the composer Marcos Balter said. “She’s so much more than a virtuoso flutist or a pedagogue. Earlier in May, she played Kaija Saariaho’s concerto “L’Aile du Songe” with the Helsinki Philharmonic Orchestra at Carnegie Hall.

☆ I bought a 720-square-foot cruise ship cabin for $2.5 million. My wife and I plan to live at sea full-time and are excited to make new friends in our 80s.
▼ + stars: | 2023-05-14 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Mike Soroker, 80, and his wife Barbara, 75, purchased a $2.5 million cabin on the MV Narrative. purchased a $2.5 million cabin on the MV Narrative. This as-told-to essay is based on a conversation with Mike Soroker, 80, and his decision to purchase a $2.5 million cabin aboard Storylines MV Narrative, a luxury residential cruise ship, where he and his wife, Barbara, plan to live full-time. The MV Narrative is currently slated to set sail in 2025 and circumnavigate the earth once every three years continuously, with stops in ports across the globe. A rendering of a one of the cabins on the MV Narrative from cruise company Storylines.

Search resuls for: "princeton"

25 mentions found