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☆ Norway’s fossil fuel bonanza stokes impassioned debate about how best to spend its ‘war profits’
▼ + stars: | 2023-01-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

It has ignited an impassioned debate about international justice, with many questioning whether it is fair for Norway to rake in record oil and gas revenues at the expense of others' misfortune. Norway's Finance Ministry expects the state's revenues from oil and gas sales to climb to 1.38 trillion Norwegian krone ($131 billion) this year. "They are war profits," Lars-Henrik Paarup Michelsen, director of the Norwegian Climate Foundation think tank, told CNBC via telephone. Oil companies are getting richer and richer, but we don't see that money — and who is really paying for this? The so-called Government Pension Fund Global, among the world's largest sovereign wealth funds, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector.

☆ Elliot Management's stake in Salesforce is 'all about margin expansion,' says Needham's Scott Berg
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElliot Management's stake in Salesforce is 'all about margin expansion,' says Needham's Scott BergScott Berg, Needham managing director, joins 'Squawk Box' to discuss Elliot Management's new stake in Salesforce and more.

☆ The Nord Stream pipeline attack shows what Russia can do, Western officials say, even if they can't prove Russia did it
▼ + stars: | 2023-01-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

After months of investigation, Western officials can't prove Russia blew up the Nord Stream pipelines. While they can't name Russia as the culprit, officials say the attacks illustrate what Russia can do. The vulnerability of undersea infrastructure, like pipelines and data cables, is a growing concern. Four months on, investigators are unable to prove Moscow was behind the attack, but officials say the explosions illustrate the threat malign actors — especially Russia — pose to vital undersea infrastructure. Despite the uncertainty, the attack has only added to concern about threats to undersea infrastructure, particularly cables and pipelines, that connects continents and powers economies.

☆ Dutch export rules on China in focus ahead of ASML results
▼ + stars: | 2023-01-20 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +4 min

One is making sure Dutch rules are drafted in such a way that they are not actually more restrictive for ASML than for U.S. companies. ASML is expected to post fourth-quarter net income of 1.68 billion euros ($1.82 billion) on record revenue of 6.37 billion euros, according to Refinitiv Eikon data. In November ASML raised its annual revenue estimates by 25% to at least 30 billion euros by 2025. There could be further losses from tougher Dutch rules, if for example, limits are re-applied to sales to China of older technology deep ultraviolet lithography (DUV) equipment. ASML has sold more than 8 billion euros worth of such equipment in China since 2014, when DUV was removed from international lists of goods deemed of possible military use.

☆ 18 movies with valuable entrepreneurial lessons: From 'Startup.com' to 'Becoming Warren Buffett'
▼ + stars: | 2023-01-17 | by ( Vikas Jha | ) www.businessinsider.com time to read: +21 min

Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.

☆ Two researchers aim to better understand L.A.’s homelessness crisis with smartphone surveys
▼ + stars: | 2023-01-16 | by ( Jake Traylor | Jake Traylor Is An Associate Producer For Msnbc. | ) www.nbcnews.com time to read: +6 min

Two California researchers aim to get a real-time understanding of homelessness using a perhaps unexpected resource found among unhoused people: smartphones. Larry Posey works in MacArthur Park to share information about the PATHS study. Amy Stein / USC/UCLAOnce a month, a growing number of PATHS participants in Los Angeles County are texted a link to a 15-minute survey. Recruiters for the PATHS study share information with participants via postcard and directly into a web-based interface. The PATHS study found that 90% of participants would be interested in some type of interim or permanent housing.

☆ Sephora is dropping the beauty lines of TikTok stars Addison Rae and Hyram Yarbro
▼ + stars: | 2023-01-10 | by ( Madeline Berg | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Influencer brands Item Beauty and Selfless by Hyram are being pulled from Sephora. Addison Rae launched Item Beauty in 2020, while Hyram Yarbro launched Selfless in 2021. Insider has confirmed from a well-connected industry source that Sephora will be pulling Addison Rae's Item Beauty and Hyram Yarbro's Selfless by Hyram from its shelves. Item Beauty was launched in August 2020 by Rae, who shot to internet fame by replicating viral dances on TikTok. There are bright spots among celebrity-backed brands, like Selena Gomez's Rare BeautyThat isn't to say that all celebrity-founded beauty brands have fared poorly.

☆ Guns, drugs and migrants: Biden heads to Mexico to face diplomatic challenges with North American allies
▼ + stars: | 2023-01-09 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

MEXICO CITY — When North American leaders gathered in 2021 — at the first summit for the group in five years — the mood was upbeat. Before he arrived in Mexico City on Sunday night, Biden stopped in El Paso, Texas, amid criticism from congressional Republicans that the southwest border has gotten more porous on his watch. Citing health concerns, López Obrador has called for banning imports of genetically modified corn. Ahead of the summit, the leaders sought to ease some of the strains and perhaps create a more convivial atmosphere. Rather than fly into the more conveniently located Mexico City hub airport, Air Force One landed Sunday at a new airport that was a pet project of López Obrador’s.

Gay men, who have arguably been the lifeblood of “The Real Housewives” fanbase, will finally get a drama-filled reality TV show they can call their own. On Thursday, MTV announced it is launching on Jan. 20 “The Real Friends of WeHo,” which will follow six gay friends living in Los Angeles' premiere gayborhood, West Hollywood. “If you like the wives, don't miss these new house guys,” a narrator says in the trailer, in what appeared to be a nod to Bravo's “Real Housewives” franchise. “Went ahead and preemptively muted 'the real friends of weho' from my timeline,” one Twitter user wrote. '” But, she later added, “I will also be honest and say that I will probably be watching the show.”“The Real Friends of WeHo” premieres Jan. 20 on MTV at 9 p.m. ET/8 p.m. CT.

OnlyFans can be lucrative, particularly for adult creators who effectively leverage the platform. OnlyFans creators can earn money several ways, from subscriptions to texting. The subscription platform OnlyFans has proven lucrative for many adult creators who have learned how to effectively leverage it to post and promote their content. OnlyFans creators can earn money several ways on the platform, including paid subscriptions, pre-made photos and videos, personalized photos and videos, and texting services. Several OnlyFans creators Insider spoke with in recent months had become millionaires from the platform.

☆ Kentucky senator says transgender son has died by suicide
▼ + stars: | 2022-12-21 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

LOUISVILLE, Ky. — A Kentucky state senator said Tuesday that her transgender son, a trans rights advocate on whom “a lack of acceptance took a toll,” has died by suicide. Democratic Sen. Karen Berg said her son Henry Berg-Brousseau “long struggled with mental illness, not because he was trans but born from his difficulty finding acceptance.” She said he died on Friday. The Louisville lawmaker said her son had just received a big promotion working for the Human Rights Campaign, which advocates for LGBTQ rights. If you or someone you know is in crisis, call 988 to reach the Suicide and Crisis Lifeline. You can also call the network, previously known as the National Suicide Prevention Lifeline, at 800-273-8255, text HOME to 741741 or visit SpeakingOfSuicide.com/resources for additional resources.

☆ How to set and achieve your career goals for the new year
▼ + stars: | 2022-12-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

It's a great time to set professional goals for the year ahead. Here are some expert tips to help you set career goals, including must-haves for a solid goal as well as common mistakes to avoid. "It's important to set goals because if you don't, it's like trying to get somewhere without putting directions into a GPS," says career coach Chelsea Stokes. As you consider your career goals for 2023, here are some expert tips to help you set and achieve them:Take stock of where you areTry to set personal and professional goals at the same time, as they often influence one another. Zero in"A lot of people set goals because they think they should, or they're comparing themselves to somebody else, but they're not actually thinking about their intention behind those goals," Stokes said.

☆ Biden's big pandemic stimulus bill is helping get more than 100,000 homeless people into housing by the end of the year
▼ + stars: | 2022-12-20 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

The Biden administration announced its plan to cut US homelessness by 25% in 2 years. That's according to an announcement from the White House this week, in which the Biden administration outlined its plan to build on homelessness-reducing initiatives started during the pandemic. ARP money is already on track to secure permanent housing for more than 100,000 people through the end of 2022, the White House said. There's reason to believe that the Biden administration's plan to address these surges is a promising one, Berg said. "In the past, the focus was a lot on what homeless programs are doing to get homeless people back in housing, which is very important and I don't want to put that down," he said.

☆ Explainer: When are attacks on civilian infrastructure war crimes?
▼ + stars: | 2022-12-16 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +4 min

REUTERS/Gleb GaranichTHE HAGUE, Dec 16 (Reuters) - Russia's attacks on Ukraine's civilian infrastructure, including energy facilities, have been described as possible war crimes by the office of the United Nations High Commissioner for Human Rights and Amnesty International. The Geneva conventions and additional protocols shaped by international courts say that parties involved in a military conflict must distinguish between "civilian objects and military objectives" and that attacks on civilian objects are forbidden. IS ENERGY INFRASTRUCTURE MILITARY OR CIVILIAN? "Simply put, Russian forces are almost certainly striking many targets that do not qualify as military objectives," Schmitt argues. Russia says it attacks military targets including energy infrastructure.

☆ Bank of America names the tech stocks set to benefit from a driverless car boom
▼ + stars: | 2022-12-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Once considered the stuff of science fiction, Bank of America says self-driving cars now have "real-world visibility." The bank said it expects 2.2 million autonomous vehicles to be on the roads by 2028, citing research by consultancy firm Berg Insights. Internet companies Bank of America said this ramp-up in autonomous vehicles has "broad implications" for internet companies. The bank added that getting the cost of autonomous vehicles down to the level of conventional autos will be key to their transition. Bank of America has a price target of $43 on Uber, giving the stock potential upside of 59.3%.

☆ Michael Jordan: The NBA has renamed its MVP trophy after the Bulls great
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +15 min

Andrew D. Bernstein/NBAE/Getty Images Jordan poses for a Little League Baseball photo in the late 1970s. Ken Levine/Getty Images Jordan famously shrugs his shoulders after hitting another 3-pointer during the 1992 NBA Finals versus Portland. "There is a reason you call someone the Michael Jordan of ... neurosurgery, or the Michael Jordan of rabbis, or the Michael Jordan of outrigger canoeing. Chip Somodevilla/Getty Images Jordan continues to promote Nike's Jordan Brand across the world. Jordan Brand/Getty Images Jordan cries at the Kobe Bryant memorial in Los Angeles in February 2020.

German-style Christmas markets crop up all over the world this time of year. For me, a visit to a Christmas market is an essential part of the festive season. Whether with family, friends, or colleagues, a Christmas market and a few glasses of mulled wine always hit the spot. I visited the "Weihnachten an der Spree," or Christmas on the Spree, all-inclusive Christmas market in Berlin, Germany, to see if it was worth it. So if, like me, you like to stroll through Christmas markets and look at stalls full of handcrafted objects, decorations, and other knickknacks, you'll be disappointed.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ This California city asked where its recycling went. The answer wasn’t pretty.
▼ + stars: | 2022-12-01 | by ( Saqib Rahim | ) www.nbcnews.com time to read: +6 min

In recent years the global plastic trade has shrunk amid new controls by rich and developing countries alike. U.S. plastic waste exports to Asia fell to 330 million pounds in 2021, according to government data, half their 2017 level. But even these reduced volumes, environmental groups charge, can overwhelm developing countries that lack the facilities to manage them. In May, city staff asked to divert some of Palo Alto’s waste streams to facilities in Louisiana and Southern California. The second lesson, City Manager Ed Shikada said, is that Palo Alto can’t transform the global recycling system alone.

☆ EU seeks tribunal to probe possible Russian war crimes in Ukraine
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

"We are ready to start working with the international community to get the broadest international support possible for this specialised court," von der Leyen said. Ukraine has been pushing for the creation of a special tribunal to prosecute Russian military and political leaders it holds responsible for starting the war. The Hague-based International Criminal Court (ICC) launched its own investigation into alleged crimes against humanity and war crimes days after Moscow's Feb. 24 invasion, but it does not have jurisdiction to prosecute aggression in Ukraine. The G7 agreed on Tuesday to set up a network to coordinate investigations into war crimes as part of a push to prosecute suspected atrocities in Ukraine. There are several forms the special aggression tribunal could take but legal experts say the most likely is a so-called hybrid tribunal, operating under Ukrainian law with support from the international community.

☆ Ben Affleck and Matt Damon just scored $100 million from RedBird Capital. Check out 15 more private equity players making big bets on Hollywood.
▼ + stars: | 2022-11-28 | by ( Elaine Low | Claire Atkinson | Madeline Berg | ) www.businessinsider.com time to read: +5 min

Private equity firms are investing heavily in film and TV companies, even amid a possible recession. Private equity accounted for 42% of deals over the last year vs. 24% in 2018, according to PwC. RedBird Capital just invested $100 million in Ben Affeck and Matt Damon's new production company, Artists Equity. And earlier that month, Swedish firm EQT invested in UTA, which makes the private equity player the largest outside shareholder of the talent agency. Insider's second annual list of the top private equity players in Hollywood highlights 16 firms, based on our reporting and conversations with investors and insiders.

☆ How much money YouTubers get paid in a month
▼ + stars: | 2022-11-28 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Creators who are part of YouTube's Partner Program can earn money from ads on their videos. Here's how much 16 YouTubers get paid each month from their videos. As part of YPP, creators can also earn money through subscriptions and channel memberships. Here's how much 16 different YouTubers make from their videos each month. How much nano influencers, who have less than 10,000 YouTube subscribers, get paid in a month:How much micro influencers, who have between 10,000 and 100,000 YouTube subscribers, get paid in a month:How much mega influencers, who have more than 100,000 YouTube subscribers, get paid in a month:

However, the patterns suggest that sexual violence “maybe even more frequent” in territories that were occupied for longer periods, he added, without providing evidence. Widespread or systematic sexual violence could amount to crimes against humanity, which are generally seen as more serious, legal specialists said. Moscow, which has said it is conducting a “special military operation" in Ukraine, has denied committing war crimes or targeting civilians. Evidence that sexual violence was planned could indicate it was part of a systematic attack or that some level of command was aware, said Kim Thuy Seelinger, an advisor to the ICC on sexual violence in conflict and a research associate professor at Washington University in St. Louis. Ukraine’s Prosecutor General’s office said it has opened dozens of criminal cases involving sexual violence by members of the Russian armed forces against women, children and men.

☆ Disney CEO Bob Iger's pay package is valued at $27 million a year
▼ + stars: | 2022-11-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +2 min

Bob Iger, who led Disney for 15 years, was abruptly reinstated as CEO on Sunday. For each year Iger serves as CEO, he "will be granted a long-term incentive award having a target value of $25 million," according to the filing. Iger, who led Disney as its CEO for 15 years, was routinely one of Hollywood's top-paid executives. In 2019, his last full year as CEO, Iger earned $47.5 million: $3 million in salary, a $21.8 million bonus, $10 million worth of stock awards, and $9.6 million worth of stock options. Chapek could be walking away with at least $23.4 million, according to Bloomberg.

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