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☆ Bipartisan U.S. bill would end Section 230 immunity for generative AI
▼ + stars: | 2023-06-14 | by ( Katie Paul | ) www.reuters.com time to read: +2 min

June 14 (Reuters) - Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence. The law would open the door for lawsuits to proceed against social media companies for claims based on emerging generative AI technology, including fabricated but strikingly realistic "deepfake" photos and videos of real people. It followed the defeat last month of two landmark cases at the Supreme Court that would have narrowed the scope of Section 230 immunity. "We can't make the same mistakes with generative AI as we did with Big Tech on Section 230," said Hawley, a Republican. A small set of narrow exceptions have been established for issues like copyright infringement and child sex trafficking, the latter via a bipartisan 2018 amendment called the Fight Online Sex Trafficking Act.

Persons: Republican Josh Hawley, Richard Blumenthal, Hawley, Blumenthal, Joe Biden, Donald Trump, Katie Paul, Chris Sanders, Jonathan Oatis Organizations: Republican, Big Tech, Democrat, Republicans, Google, Facebook, Democratic, Communications, Thomson

☆ Morning Bid: Markets in a spin ahead of interest rate decisions
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

It's a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week's surprise rate increases in Canada and Australia, is not to take anything for granted. The European Central Bank is tipped to deliver a quarter-point rate hike on Thursday, while on Friday the Bank of Japan is expected to maintain ultra-loose monetary policy. Last week's rate decisions support this idea -- the Bank of Canada hiked rates last Wednesday to a 22-year high of 4.75%, having held rates steady since January. A day earlier, Australia's central bank raised rates by a quarter point to an 11-year high and warned of further tightening ahead.

Persons: Sergio Ermotti, Dhara Ranasinghe, Ed Osmond Organizations: Wall, U.S . Federal Reserve, European Central Bank, Bank of, Bank of Canada, Citi, Federal Reserve, U.S . Treasury, Treasury, UBS, Credit Suisse, Thomson Locations: U.S, Dhara, It's, Canada, Australia, Bank of Japan, Europe, Swiss, Switzerland

☆ Contraceptive injections for cats show promise
▼ + stars: | 2023-06-06 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

Now, scientists have announced a potential new method of feline contraception that’s shown early promise: long-lasting contraceptive injections that prevent ovulation. “That’s what led us to start collaborating with Bill (Swanson).”The Cincinnati Zoo, Swanson says, is home to the widest array of wild cats in North America, including lions, tigers and tiny sand cats. Three cats were a control group, while six received injections of the gene of the hormone in question, hitched to a mild virus. The three control-group cats all became pregnant, but none of the six cats in the experimental group did. “We’re really focused on adopting these cats out,” said Swanson, who’s adopted three cats from earlier studies.

Persons: ”, Bill Swanson, “, David Pépin, Pépin, ” Pépin, Bill, Swanson, ” Swanson, Michelle, Betty, Abigail, Nancy, Dolly, Barbara, Rosalyn, Jacque, Mary, We’re, can’t, we’ll, it’s, Pierre Comizzoli, It’s, ” Jacque, Jacqueline, Jackie, Kennedy Onassis, who’s, they’ve, Kate Golembiewski Organizations: CNN, Cincinnati Zoo, Botanical, Nature Communications, Harvard Medical School, Massachusetts General Hospital, Animals Foundation, Michelson, Conservation Biology Institute, Kennedy Onassis . Cincinnati Zoo Locations: Massachusetts, Boston, Angeles, North America, Cincinnati, Chicago

☆ Republicans are staunchly opposed to student-loan forgiveness, but Democrats think it goes 'hand in hand' with creating high-paying jobs
▼ + stars: | 2023-06-03 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Republicans and a few Democrats have voted to overturn Biden's student-loan forgiveness. Democrats defend Biden's student-loan forgiveness as part of a broader workforce development strategy to address the ongoing labor shortage and rebuild the middle class. "Student loan 'forgiveness' will benefit wealthy elites," Rep. Jim Jordan tweeted when Biden announced his student-loan forgiveness plan in August 2022. But Deluzio voted with all but two House Democrats to protect Biden's student-loan forgiveness. "Expansions of student debt forgiveness need to be matched dollar-for-dollar with investments in career & technical education.

Persons: it's, —, Biden's, Biden, he's, Jim Jordan, Joe Biden, Sen, Bill Cassidy, Jamaal Bowman, Bowman, Chris Deluzio, Deluzio, Marie Gluesenkamp Perez, Washington, Pell Grant Organizations: Service, Privacy, House Republicans, Biden's, Real America, Fox, Democratic Rep, York, Pennsylvania, Democrats, Pittsburgh Democrat, Republican, Brookings, New York Times, Institute Locations: Real, Ohio, Georgia, Philadelphia

☆ Childcare is about to get even more expensive at the end of September unless Congress acts
▼ + stars: | 2023-06-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Federal funding helped keep more than 200,000 childcare providers afloat in recent years. Unless Congress acts, many parents could face even higher childcare costs. During the pandemic, Congress provided over $52 billion to states to support the childcare system, which helped 220,000 childcare providers stay afloat, according to the Department of Health and Human Services. "The American Rescue Plan provided critical funding that made child care available to millions of children and allowed child care programs throughout our country to stay open. Providing states additional childcare funding could be an uphill battle.

Persons: —, Sen, Bernie Sanders, Cindy Lehnhoff, Sanders, they've, Louisiana Sen, Bill Cassidy Organizations: Service, Department of Health, Human Services, Department, Labor, National Association for, Education of Young, National, Association, Office Locations: America, Louisiana

☆ Why running for president has a lot of upsides, even for the candidates who lose
▼ + stars: | 2023-06-03 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +12 min

Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."

Persons: —, Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire

NEW YORK, June 2 (Reuters) - Citigroup Inc (C.N) CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public offering (IPO) was in the best interest of shareholders. "We acted decisively, we acted very swiftly and we said 'okay, we're gonna go down the IPO path,'" Fraser said in an investor conference in New York. Citi announced last week the sale process, which had dragged on for more than a year, had been scrapped. It has signed nine sales agreements nine markets and closed seven deals, including in Australia, India and Vietnam. The CEO held off on giving guidance about trading revenue, citing a landmark U.S. bill to lift the debt ceiling that has just passed and is still being digested by markets.

Persons: Jane Fraser, we're, Fraser, Goldman, John Waldron, Morgan Stanley, Tatiana Bautzer, Saeed Azhar, David Gregorio, Lananh Nguyen, Nick Zieminski Organizations: YORK, Citigroup Inc, Citi, Goldman Sachs, Inc, JPMorgan, Bank of America Corp, Citigroup, Thomson Locations: New York, Australia, India, Vietnam, U.S, Ukraine

☆ Firms are bringing production back home because of the Ukraine war, China's slowdown — and TikTok
▼ + stars: | 2023-06-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Earnings calls discuss 'reshoring'A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter. And we have never … got the target right," McRaith told an audience at a supply chain conference organized by software company o9 Solutions in April. Bill McRaith Former chief supply chain officer, PVHMcRaith, a former chief supply chain officer at Tommy Hilfiger-owner PVH , said the apparel industry both over-orders and under-orders stock by about 20% to 25%. If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain. "If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain," he told CNBC's "Street Signs Asia" in April.

Persons: Luke Sharrett, Savita Subramanian, Ryan Grabinski, they're, Bill McRaith, McRaith, PVH, Tommy Hilfiger, we've, Shein, Jade Gao, it's, Keith Phillips, Joe Biden, CNBC's, Elon Musk, Phillips Organizations: European Union, Bloomberg, Getty, Bank of America, UBS, Securities, o9 Solutions, CNBC, AFP, U.S ., Reshoring, EV, U.S, EVs Locations: China, Ukraine, U.S, Europe, Brazil, Guangzhou, U.S . U.S, Corpus Christi , Texas, Tennessee, United States

☆ From Wall Street to Washington: Which finance execs would make the best public servants?
▼ + stars: | 2023-06-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

There has long been speculation that America's most-famous banker has plans to run for some sort of public office. The path from Wall Street to Washington is well worn, with plenty of high-profile executives taking up positions in the government. When most Wall Street executives were still afraid of the public cloud, she was ready to embrace it with open arms. Jon Gray — Treasury SecretaryBlackstone's president and chief operating officer has already had a brush with public office. The idea of him holding public office doesn't seem far-fetched.

Persons: Dan DeFrancesco, TikTok, I'm, we've, nabbing, Joe Biden's, Kevin McCarthy's, Jamie Dimon, Larry Downing, hasn't shied, Dimon, Dimon's, Bill Ackman, Kenneth Chenault —, Kathy Hochul, she's, Chenault, He's, Larry Fink —, We've, Larry, Fink, Adena Friedman, Friedman, Jon Gray —, Gray, Donald Trump, Gray's, Wall, Sen, Elizabeth Warren, Ken Griffin, Griffin, hasn't, Griffin hasn't, Ron DeSantis, he'll, Brian Moynihan —, Moynihan, Dan Schulman —, PayPal — he's, Taylor Swift, Kevin Mazur, Larry Fink, Franklin Templeton, It's, Rockefeller, Stephen Schwarzman, Warren Buffett, Cliff Asness, that's, Here's, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, REUTERS, Bloomberg, American Express, Catalyst, Washington Post, BlackRock, SEC, CFTC, OCC, Nasdaq, Wall, Democrat, GOP, Florida Gov, Commerce, PayPal, Express, Virgin Mobile, Rockefeller Capital Management, Putnam Investments, Blackstone, Credit Suisse, UBS, Reuters, LinkedIn Locations: NYC, Washington, New York, Florida, Chicago, Miami, Ohio, Swiss, London

☆ The Big Part of the Debt Ceiling Deal Congress Isn’t Talking About
▼ + stars: | 2023-05-31 | by ( Margot Sanger-Katz | Alicia Parlapiano | ) www.nytimes.com time to read: +10 min

Annual deficit projections $3 trillion Current trajectory Full debt limit deal Debt limit bill House G.O.P. bill passed in April $2 trillion $1 trillion 2023 2028 2033 Annual deficit projections $3 trillion $2 trillion $1 trillion Current trajectory Full debt limit deal Debt limit bill House G.O.P. But negotiators are confident enough in the agreement that they are moving forward with the debt limit bill this week. The debt limit deal scenarios assume that after budget caps lift in 2026, Congress will increase spending in line with inflation. It's also possible that the entire deal holds, and the next Congress will still make vastly different spending choices.

Persons: Kevin McCarthy, Biden, “, It's Organizations: House Republicans, White, New York Times, Congressional, Republicans, Office, SNAP, Internal Revenue Service, Social Security, Medicare, Savings, Energy, Biden, Medicaid, of Commerce, Federal Locations: That’s, G.O.P, Washington

☆ Democratic Sen. Joe Manchin says he will vote with Republicans to overturn Biden's student-debt relief plans, saying it 'forces hard-working taxpayers who already paid off their loans' to 'shoulder th
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Following the procedural vote, Manchin released a statement of support for "overturning reckless student loan plan." Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans." "But make no mistake: voting for this CRA isn't just a vote against the President's student debt cancellation plan. And Schumer wrote on Twitter on Wednesday that "Senate Republicans talk a big game about helping working families. Sen. Bill Cassidy, one of the sponsors of the bill, wrote on Twitter that "Biden's so-called student debt "forgiveness plan" doesn't actually forgive or cancel the debt.

Persons: Democratic Sen, Joe Manchin, —, Joe Biden's, — Kyrsten Sinema, John Tester, Manchin —, Biden, Manchin, Chuck Schumer, Massachusetts Sen, Elizabeth Warren, Warren, It's, Schumer, Sen, Bill Cassidy, doesn't Organizations: Democratic, GOP, Service, Privacy, Republicans, Biden, Manchin, Massachusetts, Twitter

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

May 31 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Asian market focus on Wednesday turns to Chinese purchasing managers index figures, which will give the first insight into factory and service sector activity in the world's second largest economy in May. Asian markets on Wednesday might also get some relief from the dollar's slip on Tuesday in line with U.S. bond yields. China's PMI figures for May are expected to show another contraction in manufacturing activity. Service sector activity has been expanding since January, however, and it will be the extent to which that accelerates or slows that markets will be most attuned to.

Persons: Jamie McGeever, China PMIs Organizations: Congress, Relief, Nasdaq, Treasury, PMI, Service, Thomson, Reuters Locations: Washington, Hong Kong, China, Australia, Japan

Bill Clark | CQ-Roll Call, Inc. | Getty Images"Speaker McCarthy should pull this bad bill down. Roy and Bishop weren't the only far-right conservatives who implicitly threatened to unseat McCarthy as House speaker if the debt limit bill passed. Under new rules this year, a single Republican lawmaker can bring a no-confidence vote on McCarthy to the floor. But progressive leaders in the House stopped short of urging their like-minded members to oppose the bill. The message from the White House was similarly low-key, with an emphasis on the GOP asks that were not in the bill.

☆ Opinion: Trump allies change 2024 GOP primary rules to help the former president
▼ + stars: | 2023-05-24 | by ( John | Opinion John Avlon | ) edition.cnn.com time to read: +5 min

John Avlon CNNRepublicans could try to stop Trump from seizing their presidential nomination with one simple reform – increasing proportional representation in the primary process. In fact, the number of GOP primary states that are winner take all increased from seven to 17 between the 2016 and 2020 election, according to an analysis by Gregory Korte at Bloomberg. Let’s say Trump wins 35% of the primary vote in South Carolina – with home staters Scott and former Gov. A supermajority of South Carolina Republican primary voters in this scenario would have voted for someone other than Trump to be their party’s nominee. Months before the first primary vote is cast, polls show that 44% of Republicans don’t even want the former president to run again.

Persons: John Avlon, “, South Carolina Sen, Tim Scott, Ron DeSantis, Donald Trump, Trump, Gregory Korte, staters Scott, Nikki Haley, –, don’t, Louisiana Sen, Bill Cassidy, aren’t Organizations: CNN, Republican, South, Florida Gov, Republican Party, Republican National Committee, John Avlon CNN Republicans, Bloomberg, Trump, South Carolina –, South Carolina Republican, GOP, CNN Sunday, Twitter, Facebook Locations: “ Lincoln, South Carolina, Cleveland, Louisiana

☆ Republicans question June 1 debt ceiling deadline as talks zero in on potential trade-offs
▼ + stars: | 2023-05-23 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

Andrew Caballero-Reynolds | AFP | Getty ImagesWASHINGTON — A significant group of House Republicans raised questions Tuesday about whether the Treasury Department's June 1 deadline to avoid a potential U.S. debt default was accurate. "We'd like to see more transparency on how they come to that date," House Majority Leader Rep. Steve Scalise said Tuesday at a news conference. "We're getting closer," McCarthy told reporters late Monday, adding that the "circle" of issues was becoming "smaller, smaller, smaller." A Republican negotiator, Rep. Patrick McHenry, N.C., told reporters that spending was still the biggest hurdle to an agreement. Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., speak to reporters about debt ceiling negotiations as they leave the House Republicans' caucus meeting at the Capitol Hill Club in Washington, May 23, 2023.

Persons: Kevin McCarthy, Joe Biden, Andrew Caballero, Reynolds, Steve Scalise, Scalise, Janet Yellen's, Nathan Howard, Biden, We're, McCarthy, Karine Jean, Pierre, Jean, Pierre said, Katherine Clark, Elise Stefanik, Patrick McHenry, Garret Graves, Bill Clark Organizations: White, AFP, Getty Images WASHINGTON, House Republicans, Treasury, Republican, Bloomberg, Getty, CNBC, US, Democratic, Courage for America, Capitol, Getty Images House Republicans, Rep, Republicans, Capitol Hill Club, CQ, Inc Locations: Washington ,, United States, California, Washington , DC, U.S, N.C, R, Washington

☆ House Democrats, looking to renew plan to expand Social Security, say debt ceiling fight 'hurts seniors the most'
▼ + stars: | 2023-05-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Social Security already faces funding risksIn order to prevent a Social Security funding shortfall, congressional Democrats and Republicans must agree on a solution. The Social Security 2100 Act that was introduced in the last Congress had broad support among House Democrats. Changes in the Social Security 2100 Actzimmytws | iStock | Getty ImagesThe Social Security 2100 Act aims to extend the program's solvency, though estimates are not yet available for how long it could prolong the program's funding. Social Security 2100 also calls for adding an additional 12.4% net investment income tax for taxpayers making more than $400,000. Max Richtman president and CEO of the National Committee to Preserve Social Security and Medicare

☆ US economy on the brink as time runs low to avert debt default
▼ + stars: | 2023-05-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

After a weekend of acrimony between negotiators for House Republicans and the White House, Biden will meet House Speaker Kevin McCarthy Monday for critical talks on pulling the economy back from the precipice. Biden and McCarthy to meet MondayThe rhetoric eased a little, however, after Biden and McCarthy spoke as the president flew home on Air Force One. McCarthy already passed a bill raising the debt ceiling in exchange for a wish list of Republican demands. This is a balance of power that ought to drive both sides towards a compromise, but extremist elements in the House GOP could make that impossible. Like McCarthy, Biden also faces political pressure within his own party after some progressive Democrats expressed fears he would offer the speaker too much in any deal.

☆ The oldest, most complete Hebrew Bible that went missing for 600 years sells for a record $38 million
▼ + stars: | 2023-05-21 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

An ancient Hebrew Bible has just sold at Sotheby's auction house in New York for $38 million. The ancient text, written in around 900 AD, is the most complete early copy of the Hebrew Bible. Hence, the auction house says the nearly 800-page Codex Sassoon is "definitively the most significant early biblical manuscript in private hands." It includes 24 books of the Hebrew Bible, divided into the Torah, or "Pentateuch," the Nevi'im, or "prophets," and the Ketuvim, or "writings." The Hebrew Bible is the basis for what Christians call the Old Testament.

☆ Russia adapted to the game-changing HIMARS, but Ukraine's new Storm Shadow missiles could put the fear back into its commanders, warfare experts say
▼ + stars: | 2023-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Experts say Russian commanders are now facing logistical headaches and a renewed sense of fear. Warfare experts say Storm Shadow missiles could spark new logistical headaches for Russia, giving Kyiv a massive capability to put the fear back into Moscow's commanders who thought they were safe and out of reach. With an operational range of 155 miles, Storm Shadow will more than triple the distance for Ukraine's long-range strike capabilities. "So the more that these Russian commanders are exposed to Ukrainian fires, I expect their survivability to decrease," Barros said. "Employed well, in conjunction with psychological operations and other capabilities, Storm Shadow offers myriad opportunities to cognitively attack the enemy," he said.

☆ BofA says AI is in a 'baby bubble' that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT
▼ + stars: | 2023-05-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. AI is in a "baby bubble" for now, Michael Hartnett, chief investment strategist at Bank of America Global Research, wrote on Friday. The Fed may be on the way to pausing its run of rate hikes at its June 14 gathering. The dot-com bubble popped nine months later. "AI = internet," wrote Hartnett.

☆ Tennessee governor quietly signs law dissolving police oversight boards meant to investigate police misconduct
▼ + stars: | 2023-05-20 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

Bill Lee signed a law dissolving independent police oversight boards in the state. Bill Lee signed legislation this week dissolving independent oversight boards meant to investigate police departments in the state. The law will replace the community-led boards with "review committees" that will be comprised of members appointed by a mayor. Nashville residents voted to form one of these boards in 2018, a year after the shooting of Jocques Clemmons. Residents have spoken out against the changes to the committee, and plan to push back against the new law, WZTV reported.

☆ A husband hid $500,000 in bitcoin during a divorce — and got busted by a crypto hunter
▼ + stars: | 2023-05-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

Thumb drive-size devices, such as a Trezor or Ledger, offer another way to secure crypto tokens cold by safeguarding both the crypto itself and the keys to access it. Transfers of digital assets between chains has helped to expand the crypto market by giving people more ways to pay and transact. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. The tax implications are another major consideration when choosing how to divide crypto assets. I think the people that are interested in digital assets are going to continue to be interested in digital assets," she said.

☆ Elon Musk says he's upped his sleep to 6 hours per night—and that his old routine hurt his brain
▼ + stars: | 2023-05-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. "And the brain pain level is bad if I get less than six hours [of sleep per night]." Now he gets at least seven hours of sleep, he wrote in a 2019 blog post. Musk often works seven days per week and only takes "two or three" truly workless vacation days per year, he said on Tuesday. "I work seven days a week, but I'm not expecting others to do that."

☆ How the CEO behind ChatGPT won over Congress
▼ + stars: | 2023-05-17 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

It was a pivotal moment for the AI industry. He agreed that large-scale manipulation and deception using AI tools are among the technology’s biggest potential flaws. On Tuesday, they seemed ready — or even relieved — to be dealing with another area of the technology industry. The AI industry’s biggest players and aspirants include some of the same tech giants Congress has sharply criticized, including Google and Meta. Here too, Altman deftly seized an opportunity to curry favor with lawmakers by emphasizing distinctions between his industry and the social media industry.

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