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☆ Ukraine War Is Ron DeSantis’s Security Test
▼ + stars: | 2023-02-24 | 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.

☆ Nobel laureate Paul Krugman sees only a 25% chance of a US recession
▼ + stars: | 2023-02-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Paul Krugman predicts stubborn inflation will lead to higher interest rates for longer. The Nobel Prize-winning economist puts the risk of a US recession at 25%. "Fed rate hikes are not slowing things down the way that people expected they would," the Nobel Prize-winning economist said during a recent question-and-answer session hosted by Macmillan Learning. Krugman said he supports further rate hikes, as the inflation threat hasn't yet receded. "I don't think we're going to have one," he said, putting the probability of a US recession at 25%.

☆ Inside Citadel's internship program for aspiring traders that paves the way for a six-figure salary at the elite hedge fund after college
▼ + stars: | 2023-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Citadel, one of the largest hedge funds, accepts just 1% of applicants to its associate program. Few college students know what a hedge fund is, let alone that they want to work for one. Its associate program lets aspiring fund managers skip the traditional two-year investment banking program that is usually a prerequisite for a hedge fund job. The associate program is different from Citadel's broader internship program. But the accelerated nature of the CAP program appealed to him over other opportunities, he said.

☆ Why a U.S. national electric grid would be great for the climate — and is nearly impossible
▼ + stars: | 2023-02-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +15 min

But the energy grid in the U.S. has developed over decades as a patchwork of thousands of individual utilities serving their own local regions. The Department of Energy is in the process of conducting a National Transmission Planning Study,to look into all of this. "Many mid-U.S. states have excellent wind resources, and the southwest U.S. has excellent solar resources, but the population is insufficient to use them," McCalley told CNBC. Finally, improved energy sharing would also lead to a more reliable energy grid for consumers. At the kickoff for its next round of transmission planning, MISO had a three hour planning meeting with 377 people in the meeting.

☆ Why it's so hard to build new electrical transmission lines in the U.S.
▼ + stars: | 2023-02-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

Building new transmission lines in the U.S. takes so long — if they are built at all — that electrical transmission has become a roadblock for deploying clean energy. Energy companies that build new transmission lines need to get a return on their investment, explains James McCalley, an electrical engineering professor at Iowa State University. "Someone that benefits more frequent transmission line will pay more than someone who benefits less from a transmission line." transmission lines, energy grid, clean energyGreat River Energy and Minnesota Power are in the early stages of building a 150-mile, 345 kilovolt transmission line from northern to central Minnesota. Engaging with all members of the respective community is a necessary part of any successful transmission line build out, Patel and Johnson both say.

☆ Why America's outdated energy grid is a climate problem
▼ + stars: | 2023-02-17 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

'A double whammy': Age and locationWind resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. That's especially true for tapping into the highest quality of wind energy, explained Princeton professor Jesse Jenkins, a macro-scale energy systems engineer. Solar resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy.

☆ How to Spot Robots in a World of A.I.-Generated Text
▼ + stars: | 2023-02-17 | by ( Keith Collins | ) www.nytimes.com time to read: +9 min

A detection tool that knew which words were on the special list would be able to tell the difference between generated text and text written by a person. That would be especially helpful for this generated text, as it includes several factual inaccuracies. By contrast, the detection tool OpenAI released requires a minimum of 1,000 characters. A person could repeatedly edit generated text and check it against a detection tool until the text is identified as human-written — and that process could potentially be automated. By that time, educators and researchers had already been calling for tools to help them identify generated text.

☆ Parts of report on Trump's Georgia election meddling to be released
▼ + stars: | 2023-02-16 | by ( Joseph Ax | ) www.reuters.com time to read: +3 min

Feb 16 (Reuters) - Parts of a Georgia grand jury report on former U.S. President Donald Trump's attempts to overturn his 2020 election defeat in the state are due to be made public on Thursday, though a judge has ordered that any recommendations on criminal charges be kept secret. McBurney said the report includes "a roster of who should (or should not) be indicted." Trump, who has launched another run for the White House in 2024, has made false claims that the 2020 election was stolen from him through widespread voting fraud. At a January court hearing on whether to release the report, Willis said charging decisions were "imminent." Trump on Jan. 2, 2021, called Georgia's top election official, Brad Raffensperger, and repeated his false claims the election results were fraudulent.

The decision, announced after financial markets closed, gives Biden a pair of trusted Washington insiders to steer economic policy as the risk of recession fades but inflation lingers. Big fights also loom with the Republican-controlled House of Representatives over raising the debt ceiling. The shakeup comes as the White House tries to tackle what officials view as a frustrating disconnect between relatively strong economic data and weak public sentiment. The White House has refused to discuss spending cuts without a debt ceiling vote first. Bernstein last week conceded that the White House's early description of inflation as "transitory" had missed the mark.

☆ Returns from top venture firms NEA, DCM, and Khosla have been dismal over the past 2 decades, according to filings from California's largest pension fund, CalPERS
▼ + stars: | 2023-02-15 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

CalPERS is the US's largest public pension plan, managing the retirement accounts of 1.5 million California employees and retirees. Unlike many other financial institutions, VC funds are not required to show their return on investment in startups. The CalPERS fund's $75 million bet in 2001 on a venture fund managed by the Carlyle Group lost money. A $25 million investment in DCM's 2000 fund had a 1.9% IRR. Its $260 million investment in two Khosla Ventures funds in 2009 yielded an IRR of 11.8% for the early-to-midstage fund and 6.9% for the seed-stage fund.

☆ What Lael Brainard's departure means for the Fed
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Lael Brainard's departure means for the FedAlan Blinder, former Federal Reserve vice chairman and Princeton University professor, joins 'Squawk on the Street' to discuss the move to transition Lael Brainard from the Fed to the National Economic Council, the gesture to push out dovish sentiment from the Fed, and more.

☆ Who is Jared Bernstein, new chief White House economist?
▼ + stars: | 2023-02-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

Americans remain unimpressed by Biden's economic performance, with prices of many basic goods and mortgage rates high. Bernstein, who played the double bass in jazz bands and worked as a social worker in New York City, has long been a voice for progressive economic policy. He served in the Labor Department under former President Bill Clinton and then as Biden's chief economist when he was vice president. At the Economic Policy Institute, a Washington think tank, he wrote and testified to Congress extensively on the shrinking U.S. middle class, a bedrock Biden theme. U.S. business groups worry that Bernstein's labor ties and anti-free trade stance could hamper efforts to bolster trade ties with other countries.

☆ Factbox: Some potential successors to Brainard at the Fed
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +6 min

Meanwhile, analysts and Fed observers are already swapping notes on potential replacements for Brainard at the Fed from a bench of economists aligned with Biden's Democrats, who control the U.S. Senate. MARY DALYDaly is president of the San Francisco Fed, ascending to that position in 2018 after 22 years at the regional Fed bank, including a stint as its director of research. Furman has been a prominent, Twitter-savvy commentator on macroeconomic and Fed policy. He has a PhD from the University of Virginia and served as a Fed economist for a little over a year in the mid-1990s. With a PhD from Stanford University, he's held staff positions at the Fed board and the San Francisco Fed, where he also served as president before moving to the New York Fed role in 2018.

☆ Biden Takes Aim at DeSantis
▼ + stars: | 2023-02-10 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

☆ Stanford just became the latest school to offer free tuition to families making under $100,000 a year
▼ + stars: | 2023-02-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Stanford announced plans to offer free tuition to families making under $100,000 a year in the upcoming academic year. Currently, it offers free tuition to families making under $75,000 a year. On Wednesday, the California university announced that beginning in the upcoming 2023-24 school year, it will offer undergraduate families making under $100,000 a year free tuition, room, and board. Currently, that offer stands for families making under $75,000 a year, and according to the press release, families making under $150,000 a year will continue receiving scholarship support to help cover tuition. "We are pleased that this newest expansion of our financial aid program continues and extends that commitment."

[1/4] Spectators watch after a suspected Chinese spy balloon was shot down off the coast in Holden Beach, North Carolina, U.S. February 4, 2023. Regional analysts and diplomats are closely watching China's response after a U.S. fighter jet shot down the balloon - which Beijing says was an errant weather-monitoring craft - in the Atlantic off South Carolina on Saturday. China on Sunday condemned the attack as an "over-reaction", saying it reserved the right to use the necessary means to deal with "similar situations", without elaborating. But while bilateral tension has risen in the past few days over the balloon incident, Beijing and Washington have been seeking to improve ties. Naval Postgraduate School in California, said any Chinese response would be limited.

☆ From financial planning to dealmaking, here's how ChatGPT could impact jobs across Wall Street
▼ + stars: | 2023-02-03 | by ( Paige Hagy | Bianca Chan | ) www.businessinsider.com time to read: +3 min

Here's how the chatbot could impact six different areas of Wall Street. Experts have predicted ChatGPT's impact on a variety of industries, and it appears Wall Street will be no exception. ChatGPT has the capacity eventually to replace humans in certain roles, according to some, but the realization rests in the customers' hands. But while you mull on whether or not to pay attention to ChatGPT on Wall Street, some are already putting the tech to work. Insider spoke to five industry experts to get their take on how ChatGPT and its underlying tech could be applied to various sectors of financial services.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

REUTERS/Kevin LamarqueWASHINGTON, Feb 1 (Reuters) - U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no final decisions are expected before next week's State of the Union speech. Biden is focused on Tuesday's address to Congress and had not made a decision on the top jobs at the National Economic Council (NEC) and the Council of Economic Advisers (CEA), officials said. Other candidates for the NEC job include Deputy Treasury Secretary Wally Adeyemo and Commerce Secretary Gina Raimondo, Reuters reported last week. Only the CEA job requires Senate confirmation. Brainard was widely floated as the frontrunner for Treasury secretary when Biden came to office, only for him to pick Yellen instead.

☆ Blackstone is stepping up evictions of hundreds of tenants across the US as a top exec vows 'cash-flow growth'
▼ + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

It's back to business as usual: An exec said he had confidence in the firm's "cash-flow growth." About one-fifth of those holdings are tied up in an investment vehicle known as the Blackstone Real Estate Investment Trust, or BREIT. Blackstone's real-estate portfolio is outperforming competitorsThe news of Blackstone's increasing eviction efforts came days after the company announced its fourth-quarter earnings. For example, what Blackstone calls its "opportunistic" real-estate portfolio appreciated by more than 7% during 2022 in one of the most challenging markets in recent memory. The firm's core real-estate portfolio gained more than 10% in value during 2022.

☆ ChatGPT maker OpenAI comes up with a way to check if text was written by a human
▼ + stars: | 2023-01-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Artificial intelligence research startup OpenAI on Tuesday introduced a tool that's designed to figure out if text is human-generated or written by a computer. The release comes two months after OpenAI captured the public's attention when it introduced ChatGPT, a chatbot that generates text that might seem to have been written by a person in response to a person's prompt. "In our evaluations on a 'challenge set' of English texts, our classifier correctly identifies 26% of AI-written text (true positives) as 'likely AI-written,' while incorrectly labeling human-written text as AI-written 9% of the time (false positives)," the OpenAI employees wrote. The new version is more prepared to handle text from recent AI systems, the employees wrote.

☆ ChatGPT creator rolls out ‘imperfect’ tool to help teachers spot potential cheating
▼ + stars: | 2023-01-31 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

CNN —Two months after OpenAI unnerved some educators with the public release of ChatGPT, an AI chatbot that can help students and professionals generate shockingly convincing essays, the company is unveiling a new tool to help teachers adapt. OpenAI on Tuesday announced a new feature, called an “AI text classifier,” that allows users to check if an essay was written by a human or AI. Public schools in New York City and Seattle have already banned students and teachers from using ChatGPT on the district’s networks and devices. OpenAI now joins a small but growing list of efforts to help educators detect when a written work is generated by ChatGPT. Some companies such as Turnitin are actively working on ChatGPT plagiarism detection tools that could help teachers identify when assignments are written by the tool.

☆ A top UK private school is changing its approach to homework amid the rise of ChatGPT, as educators around the world adapt to AI
▼ + stars: | 2023-01-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

A highly-rated private school in London is changing its approach to homework, partly due to ChatGPT. Alleyn's School is moving towards "flipped learning," where students prepare at home and do essays at school. "Flipped learning" sees students focus on preparing for lessons rather than doing essays and answering questions traditional homework. "It's a bit like a holy grail," Lunnon told Insider of "flipped learning." "A number of us had a play and were like 'this is astonishing'," Lunnon told Insider.

☆ Princeton computer science professor says don't panic over 'bullshit generator' ChatGPT
▼ + stars: | 2023-01-30 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

A Princeton professor told The Markup that "bullshit generator" ChatGPT merely presents narratives. ChatGPT creator OpenAI will reportedly help Buzzfeed produce work like quizzes. Narayanan said this makes ChatGPT more of a "bullshit generator" that presents its response without considering the accuracy of its responses. He said that a more likely outcome of large language model tools would be industries changing in response to its use, rather than being fully replaced. "I don't think large language models are even on that scale.

☆ The Campaign to Ban Gas Stoves
▼ + stars: | 2023-01-27 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

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