DIRS.INFO The most relevant business & tech news

Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?

☆ Despite tough talk, Ron DeSantis can’t shake Disney’s grip on Florida
▼ + stars: | 2023-04-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Although Disney has thwarted the state’s most aggressive efforts against it, Ron DeSantis has repeatedly promised he will win out in the end. In the governor’s effort to wrest control of Disney’s Orlando-area theme parks, he found that Disney’s corporate lawyers have routinely outmaneuvered him. “The question is, how much are you willing to hurt everybody else?”Legally, he says, DeSantis can’t single out Disney explicitly because retaliation against a single company is unconstitutional. To be sure, Disney’s parks division is a huge part of its business. In other words: Florida needs Disney more than Disney needs Florida.

☆ A divided Israel stands at a perilous crossroads on its 75th birthday
▼ + stars: | 2023-04-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.

☆ Tucker Carlson’s departure won’t change Fox News
▼ + stars: | 2023-04-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But if history is any guide, there’s one thing we can count on: Cutting Tucker Carlson loose is not a sign that Fox is ready to change its ways. He regularly brought fringe, racist talking points such as the “great replacement” conspiracy theory into the mainstream. The content on “Tucker Carlson Tonight” made “The O’Reilly Factor” look like “Leave It to Beaver.”That strategy wasn’t a new one for Fox. “There will be a new Tucker Carlson, and it’s a good bet he or she will be even worse,” wrote David A. Graham in The Atlantic. Tucker Carlson, left, and former President Donald Trump, talk while watching golf.

☆ Tucker Carlson is gone but Fox News' politics remain the same
▼ + stars: | 2023-04-25 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Fox News had plenty of reasons to get rid of Tucker Carlson. CNN’s Allison Morrow notes that Fox will need a Carlson upgrade of some kind because upstart conservative networks want into the same space. ET hour on Fox, and if it is any indication, there won’t be much new in the politics that are pushed on Fox’s viewers. On-screen, the words were “Biden’s Legacy: Crime in the Cities.”Related: Here’s a CNN Fact Check on the crime in Manhattan, which far below record levels. Biden legacy 2After declaring crime to be Biden’s legacy, Kilmeade transitioned.

☆ Palestinian reporter breaks barriers by reporting in Hebrew on Israeli TV
▼ + stars: | 2023-04-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +9 min

He is one of the few Palestinian reporters who report in Hebrew, on Israeli TV. Maswadeh is not the first or the only Palestinian reporter on Israeli TV – there are several on the Arab affairs beat. “I was born in East Jerusalem to a Palestinian family, to a Palestinian culture. “We were there looking at the TV – Israeli TV – and saw, you know, the smokes and people screaming and I didn’t know what’s happening, I didn’t speak Hebrew. “I get threats from both sides [Palestinian and Israeli], but it was mainly from Palestinians who don’t like the fact that I work for Israeli TV,” he added.

☆ SpaceX Starship’s explosion is not the failure it appears to be, experts say
▼ + stars: | 2023-04-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Rocket launches are like opening a box of chocolates, only riskier — you never know what you’re going to get. When a rocket is set to leap off the launchpad, there’s a good chance of seeing a stunning liftoff or a spectacular failure. The lead-up to this week’s launch of SpaceX’s Starship, the most powerful rocket ever built, was a dramatic roller coaster. The rocket blasted off from the launchpad in South Texas and roared 24.2 miles (39 kilometers) over the Gulf of Mexico. Now, researchers have a new theory about why the Vikings abruptly departed in the mid-15th century: rising sea levels.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

☆ These Iranian activists fled for freedom. But the regime still managed to find them.
▼ + stars: | 2023-04-21 | by ( Salma Abdelaziz | ) edition.cnn.com time to read: +10 min

“Whatever actions you take against the Islamic Republic, there in France, is a crime,” the man is heard saying. They have done nothing wrong.”Massi Kamari, an Iranian activist living in Paris, says Iranian intelligence threatened to send her family to Tehran's Evin prison if she continued her activism against the regime abroad. I mean these criminals were hired by the Islamic Republic. So, you see the Islamic Republic itself is a criminal organization. “But even the week after I received the call (from Iranian intelligence officials), I was out doing my political work.

☆ These CEOs offer a master class in how to not read the room
▼ + stars: | 2023-04-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Just this week, there have been two high-profile face-plants by company leaders who ostensibly wanted to inspire their staffs and wound up doing…the opposite of that. In a statement to CNN, Clearlink declined to address Clarke’s remarks in the video, though the company did not challenge its authenticity. And who could forget Better.com’s CEO laying off 900 people over Zoom? But I’d propose a simple mantra for executives when weighing in on unpopular topics like returning to the office or laying people off. (OK, most nights — we believe in a four-day work week around here.)

☆ Who won the Fox-Dominion case? Lawyers and an obscure private-equity fund
▼ + stars: | 2023-04-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That remains true in the case of Fox News and Dominion Voting Systems, which averted a trial with an 11th-hour deal Tuesday. Money aside, Fox had to acknowledge the court’s ruling that “certain claims about Dominion” that Fox perpetuated on-air were in fact false. The Neutral-to-Positive Winner: Dominion Voting SystemsFor more than two years, Dominion spent untold amounts of money building a defamation case against one of the most popular TV networks on the planet. Davida Brook, left, Justin Nelson, second from left, and Stephen Shackelford, attorneys for Dominion Voting Systems, exit the New Castle County Courthouse in Wilmington, Delaware, on Tuesday. But for a company that’s valued somewhere between $30 million and $80 million, it’s quite a deal.

☆ Analysis: 21-year-old's arrest exposes larger classified documents problem
▼ + stars: | 2023-04-14 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

If the many earlier and ongoing scandals regarding classified information aren’t a wakeup call that the US government has a problem, maybe the arrest of Jack Teixeira will do the trick. Classified material scandals aplentyOne thing that should be abundantly clear from the string of leaks and improperly handled pieces of classified information beyond this story is that the system has problems. The New York Times reported Wednesday that witnesses questioned as part of the Trump investigation have been asked if he was showing off a map with sensitive intelligence information. There are additional people who have security clearance but don’t currently have access to information. Gen. Pat Ryder, compared the method by which classified information is stored to a locked house where people with clearance can get a key.

☆ Three major risks that have the banking industry on edge
▼ + stars: | 2023-04-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The toll of the WFH eraCommercial real estate — offices, apartment complexes, warehouses and malls — has come under substantial pressure, my colleague Julia Horowitz reports. Commercial property valuations could fall by roughly 20% to 25% this year, according to Rich Hill, head of real estate strategy at Cohen & Steers. About $270 billion in commercial real estate loans held by banks will come due in 2023. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate, and high-profile defaults are making headlines. That might seem simplistic, but it’s especially relevant for an industry as uniquely reliant on trust as banking is.

☆ In hard times, Corporate America looks out for its CEOs
▼ + stars: | 2023-04-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

See here: Recent filings illustrate the way CEOs are still lavishly compensated even when massive screw-ups happen on their watch. A Southwest representative told CNN that the December cancellations did factor into the bonuses paid out to employees. The boards that make decisions on CEO pay are usually stacked with executives or former executives from other companies who benefit from the system. Often, CEOs of distressed companies — rather than seeing pay cut — receive so-called retention bonuses to encourage leaders not to flee the sinking ship. “When all the numbers are crunched, 2022 is going to be a flat year for CEO pay,” said Reda.

☆ How Disney and DeSantis started feuding
▼ + stars: | 2023-04-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Ron DeSantis won praise from the right for retaliating against Disney for its CEO’s decision to (rather timidly) wade into the public discourse over a contentious state law. In that first round of Florida’s GOP vs The Walt Disney Company, DeSantis landed a body blow that ultimately cost Disney CEO Bob Chapek his job. DeSantis signed the bill into law, and then set his sights on punishing Disney for daring to challenge him. “This essentially makes Disney the government,” said Ron Peri, a DeSantis pick for the new board, last week. Last week, Iger announced Disney would lay off 7,000 people as part of a $5.5 billion cost-reduction plan.

☆ Why so many banks seem to fail on Fridays
▼ + stars: | 2023-03-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

That’s because when banks fail, they have a tendency to do so on Friday. Friday, March 10, 2023: Silicon Valley Bank seized by regulators, the second biggest bank failure in US history. “That was very unusual.”Similarly, Silicon Valley Bank’s unraveling happened at a head-spinning pace nearly three weeks ago. Skinny cansAnyone else notice how skinny cans are these days? My colleague Nathaniel Meyersohn, a reporter with an eagle eye for retail trends, explains that skinny cans are, in fact, in.

☆ How post-2008 bank rules led to a 2023 problem
▼ + stars: | 2023-03-30 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

Here’s how that story applies to the collapse of Credit Suisse (CSGN.S) and Silicon Valley Bank. Silicon Valley Bank’s technology-heavy customers attempted to withdraw $42 billion in a day. Reuters Graphics Reuters GraphicsFollow @liamwardproud on TwitterCONTEXT NEWSUBS will rescue Credit Suisse in a deal worth about 3 billion Swiss francs ($3.3 billion), Swiss authorities and the two banks said on March 19. The smaller bank lost 138 billion Swiss francs of customer deposits between Sept. 30 and Dec. 31, a 37% decline. The lender had $173 billion of total deposits on Dec. 31, of which $81 billion were non-interest-bearing demand deposits.

☆ Fact Check-Satire site behind online claims Elon Musk files Whoopi Goldberg lawsuit
▼ + stars: | 2023-03-29 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A satirical story about Twitter CEO Elon Musk filing a lawsuit against Whoopi Goldberg, host of ABC’s “The View,” appears to have been taken seriously by some users online. A tweet shared a headline that reads, “Elon Musk Files $60 Million Suit Against Whoopi and The View” (here). The website has previously published satirical content that was misconstrued online, as reported by Reuters Fact Check (here). Representatives for Musk and Goldberg’s daytime show The View on ABC did not immediately respond to requests for comment. A story about Elon Musk filing a lawsuit against Whoopi Goldberg stems from a satirical website.

☆ The TikTok hearing was an ugly political theater
▼ + stars: | 2023-03-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Despite lacking evidence for their belief that TikTok is a spying tool for the Chinese Communist Party, US lawmakers from both parties on Thursday carried out an ugly political theater to advance that narrative. But — and I cannot stress this enough — the national security concerns are purely hypothetical. And against that tense (not to mention deeply xenophobic) backdrop, everyone in Washington is bolstering their “tough in China” credentials. “We see this handwringing about TikTok as a big distraction from the conversation that we really need to be having,” Greer said. “It’s a national embarrassment that we have no basic data privacy law in the United States.”Enjoying Nightcap?

☆ How the banking crisis clipped the Fed's wings
▼ + stars: | 2023-03-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The message was clear: Buckle up, America — we are going to keep raising rates and get inflation down, come hell or high water. Silicon Valley Bank collapsed, followed by Signature Bank, stirring fears of a 2008-like financial calamity. “We no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation,” Powell said. How’d Wall Street take the news? But the mood on Wall Street turned sour in response to both Powell’s comments and remarks from Treasury Secretary Janet Yellen, who was testifying before Congress at the same time.

☆ AI-generated DJs are coming to radio stations in the US and Canada next month
▼ + stars: | 2023-03-22 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

An AI-generated radio DJ could be coming soon to your local radio station. Radio GPT will launch at stations in the US and Canada in April, as reported by Axios Cleveland. RadioGPT, a GPT-4-powered radio content generator from media company Futuri, is set to debut next month in radio stations in the US and Canada, Axios Cleveland reported. Radio GPT uses AI to generate scripts and voices designed for radio stations. The news that the AI technology is coming to real radio stations might make existing radio DJs squirm and wonder if their jobs are now at-risk of being replaced.

☆ The bank panic is subsiding just in time for the Fed to
▼ + stars: | 2023-03-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —One week ago, right in this here newsletter, I wrote about how Wall Street was having a Zen moment. In the optimistic camp: “The bank crisis-ette is over,” Daniel Alpert, managing partner at Westwood Capital, told me. And it will be the first time the world hears from Fed officials since the collapse of Silicon Valley Bank, thanks to a cosmic twist of timing. But because of the banking turmoil, there is a chance the Fed would decide not to raise rates this time around. If the Fed feels the crisis has passed, Alpert said, it will be emboldened to go for the quarter-point hike.

☆ Singapore to tighten shoe recycling controls after Reuters report
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, March 20 (Reuters) - A Singapore shoe recycling project will be subject to surprise inspections following a Reuters investigation that found footwear it donated to the scheme was not recycled, Singapore's minister of culture said on Monday. U.S. petrochemicals giant Dow Inc (DOW.N) and Sport Singapore, a government agency, had pledged that the shoes would be ground down to make playgrounds and running tracks. The investigation, using location trackers hidden inside the soles of shoes, found sneakers donated by Reuters in Singapore had instead been exported to Indonesia for resale. Presented with Reuters findings, Dow and Sport Singapore opened an investigation and later terminated the contract of Yok Impex, a local textile exporter that was subcontracted to collect shoes from donation bins. "The project partners have taken steps to tighten the process chain," Tong said, adding that learning points would be shared with other recycling projects in Singapore.

☆ Thousands of Buildings Collapsed in One Turkish City. Thousands More May Have to Come Down.
▼ + stars: | 2023-03-13 | by ( Leanne Abraham | Lauren Leatherand Scott Reinhard | ) www.nytimes.com time to read: +8 min

Four of the complex’s five buildings collapsed. About 3,100 buildings collapsed in Antakya, trapping residents and killing more than 20,000 people in the city, Lutfu Savas, the metropolitan mayor, said on Feb. 19. Shake intensity Moderate Severe TURKEY 7.8-magnitude earthquake Antakya TURKEY mediterranean SEA SYRIA Area of detail SYRIA TURKEY Area of detail SYRIA TURKEY 7.8-magnitude earthquake Antakya SYRIA Source: USGS Shake intensity shown only for the first Feb. 6 earthquake. Shops’ higher ceilings and wider windows often come at the expense of structural support against earthquake damage. Two of the complex’s five buildings collapsed, trapping residents inside.

So You Want to Turn an Office Building Into a Home? There’s an appealing simplicity to the idea of converting office buildings into housing. Basically, they did this:How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. That could change with tax abatements and subsidy programs, or if outdated office buildings lose so much value that the cost of acquiring them plummets.

Search resuls for: "Story Ap"

25 mentions found