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The dilapidated BRP Sierra Madre ship of the Philippine Navy is anchored near Second Thomas Shoal in the Spratly group of islands in the South China Sea. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million-square-mile South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. Under President Ferdinand “Bongbong” Marcos Jr, the Philippines has taken increasingly assertive steps to protect its claim to shoals in the South China Sea, leading to several confrontations off the Philippine islands. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing free passage through seas worldwide. A close up view taken on March 29, 2014 of the BRP Sierra Madre beached near the Second Thomas Shoal, part of the Spratly Islands in the South China Sea.
Persons: Hong Kong CNN —, Shoal, Ren’ai Jiao, , Mao Ning, pushback, Ritchie, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Jake Sullivan, ” Sullivan, Thomas Shoal, Erik de Castro, Gregory Poling, , ” Derek Grossman Organizations: Hong Kong CNN, BRP Sierra Madre, Foreign Ministry, The Philippine Department of Foreign Affairs, BRP, Philippine Navy, coastguard, US Navy, Aspen Security, US National, Reuters, Transparency Initiative, RAND Corporation Locations: Hong Kong, South, Manila, Beijing, Philippine, Spratly, Philippines, China, Palawan, Madre, South China, Second, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Scarborough, BRP Sierra Madre, Washington, United States, Sierra Madre, BRP Sierra, Asia
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Persons: Marriott, Regis, you'll, I've, We've, they've, You'd, You've, Cardholders, it's, Amex, cardholders, Taylor Organizations: Business, Marriott, Read, Marriott Bonvoy Marriott, Ritz, Carlton, Starwood Hotels, Resorts, JW Marriott, Marriott Delta, Sheraton Gaylord Hotels Homes, Villas, Marriott International, Marriott Hotels, Resorts Marriott, Carlton Reserve, Ambassador, Marriott Bonvoy, JW Marriott Chicago, British Airways Executive Club, American Airlines, Korean, Alaska Airlines, Cathay, Cross, Unicef Marriott, American Express, Emirates, Hertz, Hertz Five Star, United Airlines, TSA, Global, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, U.S, Chase, Amex, , Silver Locations: Bora Bora, Aspen, St, Regis, Villas, Maldives, Dubai, Greece, Chicago, Regis Beijing, Hong Kong, Cambridge, Delta, Asia, Cathay Pacific, Alaska, New York, Singapore, U.S, Marriott Bonvoy, Marriott
Read previewRussia and China are trying to compete with the US for influence in Latin America, according to the US Southern Command commander. Kevin Riehle, a former FBI counterintelligence officer, told BI last December that Russia was using South America to obtain fake identities for its spies. AdvertisementDaniel P. Erikson, deputy assistant secretary of defense for the Western Hemisphere, also warned of Chinese and Russian threats in Latin America at an Atlantic Council event in February. Latin America, in the post-Cold War era, has not seen major wars, the prospect of nuclear weapons, or US rivals seeking to establish military bases and alliances directly, he said. "Nonetheless, the economic needs of Latin America and weak governance in many cases have opened the door for predatory, non-transparent deals, particularly with the PRC, which has expanded its influence," he said, using the initials of the People's Republic of China.
Persons: , Laura J, Richardson, Vyacheslav Volodin, Craig Faller, Kevin Riehle, Daniel P, Erikson, Evan Ellis, Ellis Organizations: Service, US Southern Command, Aspen Security, Initiative, Business, Russian, Institute for, West . Belarus —, US Special Operations Command, FBI, Strategic, International Studies, Atlantic Council, US Army, Strategic Studies Institute, Southern Command Locations: Russia, China, Latin America, Colorado, America, Nicaragua, Cuba, Venezuela, West . Belarus, Belarus, South America, Washington, DC, Caribbean, East, Ukraine, People's Republic of China, Iran, United States
Zelensky suggested Moscow should send a delegation to the next peace summit that he hopes to hold in November. Kyiv is currently facing the double whammy of a difficult frontline situation and political uncertainty over the level of future support from Ukraine’s closest allies. Trump and Zelensky spoke on Friday in what Trump called a “had a very good phone call”. Putin said Russia would end its war in Ukraine if Kyiv surrendered the entirety of four regions claimed by Moscow: Donetsk, Luhansk, Kherson and Zaporizhzhia. Despite being considerably bigger and stronger than Ukraine, Russia has not managed to fulfil its territorial goals – even when Kyiv was receiving only limited help from the West.
Persons: Volodymyr Zelensky, Zelensky, , Germany –, Ukraine John Herbst, Donald Trump, JD Vance, Herbst, Trump, , Vladimir Putin, Putin, Orysia Lutsevych, Russia … Putin, Lutsevych, Riley Bailey, Bailey, , ” Bailey, hasn’t, Vance, Libkos, Ukraine wasn’t, doesn’t, ” Herbst, Ukraine doesn’t, you’re Organizations: CNN, NATO, Monday, Aspen Security, , Chatham House, Kyiv, Trump, Democrats, Locations: Russia, Moscow, Switzerland, Ukraine, Kyiv, Ukraine’s, United States, Germany, Donetsk, Luhansk, Kherson, Zaporizhzhia, Eurasia, Chatham, Kharkiv, Europe, Afghanistan, Crimea, Kerch, Russian
The Steve Jobs Archive's new exhibit reveals Jobs' 1983 vision for generative AI. Jobs predicted AI would be like a book that users could ask questions to and interact with. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even the buzziest technology of the moment — chatbots driven by generative AI — was something Steve Jobs predicted would revolutionize our world. A new digital exhibit from the Steve Jobs Archive includes footage from a 1983 presentation Jobs gave at the International Design Conference in Aspen.
Persons: Steve Jobs, Jobs, Organizations: Service, Steve, International, Apple, Business Locations: Aspen .
CNN —US Secretary of State Antony Blinken on Friday said that Iran’s breakout time – the amount of time needed to produce enough weapons grade material for a nuclear weapon – “is now probably one or two weeks” as Tehran has continued to develop its nuclear program. “Iran, because the nuclear agreement was thrown out, instead of being at least a year away from having the breakout capacity of producing fissile material for a nuclear weapon, is now probably one or two weeks away from doing that,” he said. Blinken said the policy of the US is to prevent Iran from getting a nuclear weapon, and that the administration would prefer to stop that from happening through diplomacy. The State Department also said that there is no anticipation that the recent election in Iran will change the country’s behavior. “We have no expectations that this election will lead to a fundamental change in Iran’s direction or its policies,” State Department spokesperson Matthew Miller said earlier this month.
Persons: Antony Blinken, , , Blinken, Biden, Trump, Matthew Miller, it’s, that’s Organizations: CNN, Aspen Security, US Defense Department, US, International Atomic Energy Agency, IAEA, UN, State Department, The State Department, , Locations: Tehran, Iran, “ Iran,
How the world’s tech crashed all at once
  + stars: | 2024-07-19 | by ( Sean Lyngaas | ) edition.cnn.com   time to read: +4 min
CNN —When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on Earth could this happen in 2024? CrowdStrike is everywhereNumerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Computers running Microsoft Windows — one of the most popular software programs in the world — crashed because of the faulty way a code update issued by CrowdStrike is interacting with Windows. Anne Neuberger, a senior White House tech and cybersecurity official, spoke of the “risks of consolidation” in the tech supply chain when asked about the IT outage on Friday. The infamous hack of the US government using SolarWinds software in 2020, which US officials blamed on Russia, came through a tampered software update.
Persons: Costin, CrowdStrike, Munish Walther, Puri, , ” Walther, Anne Neuberger, ” Neuberger, ” Tobias Feakin Organizations: CNN, CrowdStrike, Windows, White House, Aspen Security Locations: New York, Russia, Russian
U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC. "The stakes of this race couldn't be higher, and the only Democrat who's ever beaten Donald Trump is Joe Biden," Coons told ABC News on June 30. So far, 27 House Democrats and three Democratic senators have urged Biden to drop out. The new tally means that more than 10% of the Democratic House caucus, which has 213 members, have publicly called for Biden to step aside. "This November, we will harness the power of our community to defeat Donald Trump and his Project 2025 agenda, and reelect President Biden," CHC Bold PAC said in a statement.
Persons: Joe Biden, Donald Trump, Sen, Chris Coons, Joe Biden's, Biden, Coons, Democrat who's, Jen O'Malley Dillion, Donald Trump's, Trump, Martin Henrich of, Biden's, Jon Tester, Montana, Vermont's Peter Welch ., Sean Casten, Chuy Garcia, Zoe Logren, Jared Huffman, Marc Veasy of, Mark Pocan, Greg Landsman, Ohio, O'Malley Dillion, ", Dan Kanninen Organizations: Republican, White, Delaware Democrat, Democratic, Aspen National Security, Democrat, ABC News, NBC News, Democrats, Vermont's Peter Welch . Seven, Chuy Garcia of Illinois, Democratic House caucus, Congressional Hispanic Caucus, reelect, CHC, Biden Locations: Washington , DC, Delaware, America, Mexico, California, Marc Veasy of Texas, Wisconsin
Secretary of State Antony J. Blinken and the national security adviser, Jake Sullivan, said on Friday that an agreement to free hostages held in Gaza and establish a cease-fire was close, as administration officials prepared for what they expected to be a tense visit to Washington next week by Israel’s prime minister, Benjamin Netanyahu. Mr. Blinken, speaking at the Aspen Security Forum in Colorado, said that the talks were “inside the 10-yard line.” Hours later at the same conference, Mr. Sullivan said there was no expectation that an agreement would be reached before Mr. Netanyahu addressed a joint session of Congress on Wednesday, a speech some American officials fear could throw up new obstacles to an agreement with Hamas. Mr. Sullivan said Mr. Biden would “focus his energy” in his meetings with Mr. Netanyahu “to get this deal done in the coming weeks.”“We are mindful that there remain obstacles in the way,” Mr. Sullivan said, “and let’s use next week to try to clear through those obstacles.”
Persons: Antony J, Blinken, Jake Sullivan, Israel’s, Benjamin Netanyahu, Sullivan, Netanyahu, Biden, Netanyahu “, , ” Mr Organizations: Aspen Security, Mr Locations: Gaza, Washington, Colorado
CNN —Paul Whelan, an American detained in Russia, told CNN he has “sympathy and empathy” for Evan Gershkovich following the conviction and sentencing of the Wall Street Journal reporter, but expressed hope that the development could open the door for a deal to secure both of their release. Whelan, who called CNN from his remote prison camp in Mordovia Friday, said he was able to watch a news broadcast about the sentencing. Secretary of State Antony Blinken said earlier Friday that the US government is working “quite literally every day” to bring Gershkovich and Whelan home. “Look, any effort to bring any American home is going to be part of a process of back-and-forth discussion, potentially negotiation. And I don’t think that’s dependent on an election in the United States or anywhere else,” he said.
Persons: CNN — Paul Whelan, , Evan Gershkovich, Whelan, , Evan, Trevor Reed, Brittney Griner, Gershkovich, ” Whelan, Antony Blinken, we’re, Paul Whelan, ” Blinken, Blinken Organizations: CNN, Wall Street Journal, US State Department, US, Aspen Security, they’ll Locations: Russia, Mordovia, Moscow, United States
Read previewA 3,720-acre ranch in Snowmass, Colorado — a ski town 15 miles north of Aspen — is on the market for $150 million. This story is available exclusively to Business Insider subscribers. Somebody will sit there and go, 'Wow, there's nothing like this,'" Mirr told Business Insider. AdvertisementMirr, of Mirr Ranch Group, shares the listing with Michael Latousek of Douglas Elliman. But Pitkon County, where Snowmass and Aspen are located, won't let large developments be built without scrutiny.
Persons: , Ken Mirr, Mirr, Michael Latousek, Douglas Elliman, Thomas Keating, Benedict's, Thomas Peterffy, Steve Wynn Organizations: Service, Business, Mirr Ranch, Conference, Aspen Institute, Aspen Ideas, Street Locations: Snowmass , Colorado, Aspen —, Benedict's, Pitkon County, Aspen
“It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline. “Expect a drip, drip, drip,” said one former Biden White House official. “Blinders are off and everyone is aware,” one source close to the White House told CNN. “He’s declined,” one House Democratic lawmaker who attended the gala told CNN. She wields influence in the White House and campaign, and sits in on some of the president’s political meetings.
Persons: Joe Biden, George Clooney wasn’t, Biden, , , Barack Obama, Obama, Bill Clinton, “ He’s, , , Camp David, “ It’s, Tom Vilsack –, Andrew Bates, “ Joe Biden, ” Bates, Jens Stoltenberg, Keir Starmer, Jacquelyn Martin, Nancy Pelosi, Lester Holt, Ari Emanuel, Ron Klain, ” Emanuel, Klain, Emanuel, Bates, Brett McGurk, Xi Jinping, Kevin Lamarque, Lady Jill Biden, Hunter Biden’s, Emmanuel Macron, Jill Many, Jill Biden, Chris Kleponis, “ She’s, she’s, Jill Biden’s, Valerie Biden Owens, Jill, Valerie won’t, CNN’s Priscilla Alvarez, Kylie Atwood, Betsy Klein, Arlette Saenz, Phil Mattingly Organizations: CNN, Peacock Theater, Radio City Music Hall, Democrat, White, Democratic, Biden, Camp, Los, , Biden White House, NATO, British, AP, MSNBC, NBC, White House, Congressional Hispanic Caucus, Economic Cooperation, Getty, Democratic Party Locations: Los Angeles, Italy, California, New York, Washington, Las Vegas, Aspen , Colorado, United States, Filoli, Asia, Woodside , California, Wilmington , Delaware, Paris, France, Wilmington, Pennsylvania, AFP
The super-rich have a very different mindset toward investing than the average person, wealth manager Robert Fraser says. Fraser named real estate as another asset class the ultra-rich like, with many owning properties and earning rental income. "Billionaires love real estate — it brings benefits to owners like growth through inflation, depreciation, tax-deferral and long-term capital gains," Fraser added. He suggests that the remaining funds be channeled into real estate — starting with single family residences and eventually diversifying into industrial properties, multi-family residences and retail real estate. "It is good for the average investors regardless of whether they are accredited to be in real estate.
Persons: Robert Fraser, Fraser, cryptocurrencies — Organizations: Aspen Funds, CNBC Pro, Forbes, Yale Endowment Fund Locations: U.S
Suddenly, the red-hot labor market is feeling closer to lukewarm for job seekers. The unemployment rate rose to a three-year high of 4.1% in June, with 6.8 million people unemployed. At that time a year ago, the unemployment rate was at 3.6% and 6 million people were unemployed. The rising unemployment rate — driven primarily by more people entering the workforce — means that it’s getting more competitive for job hunters to get hired. Since 2022, the temporary help sector has added jobs in only four months.
Persons: It’s, Luke Pardue, switchers, David Tinsley, Jack McIntyre Organizations: CNN, Aspen, Bank of America, Bank of America Institute, , of Labor Statistics, Labor Department, Brandywine Global
"Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous," Hastings said in an email to the Times. While he's the first to call for Biden to step aside, he's not the first big Democratic donor from Hollywood to express concern. It's unclear if more Hollywood donors will follow Hastings and call for Biden to step aside. We will fight, and we will win," Harris told Biden's campaign staff in a call, according to The Times. A Biden campaign spokesperson did not address Hastings's public call in their statement to BI.
Persons: , Reed Hastings, Joe Biden, Donald Trump, Biden, Hastings, he's, Ari Emmanuel, Tina Brown, Trump, Barack Obama, George Clooney, Julia Roberts, Biden's, Kamala Harris, Karine Jean, Pierre, Harris, Noah Mamet, Obama, Mamet, Nancy Pelosi, Chuck Schumer, Patty Quillin Organizations: Service, Democratic, The New York Times, Trump, Times, Business, Netflix, Endeavor, Aspen Ideas, Hollywood, Hastings, Washington Post, Biden, Press, The Times, Democratic Party Locations: Hollywood, Los Angeles, Chicago, Argentina
Peter Thiel said he only lets his kids use screens for 1.5 hours a week. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Or my kids, says Peter Thiel. This story is available exclusively to Business Insider subscribers.
Persons: Peter Thiel, Evan Spiegel, Sundar Pichai, , Andrew Ross Sorkin, Thiel Organizations: Service, Aspen Ideas, PayPal, Facebook, Business Locations: Colorado
Read previewNearly 80% of wealthy art collectors want their masterpieces to stay in the family, according to a Bank of America survey. For instance, the survey found that collectors between 21 and 43 have a greater appreciation for sculptures and antiquities than older art aficionados. Rich art collectors are reluctant to address the issue, according to Rosemary Ringwald, head of art planning at Bank of America's private bank. Collectors are increasingly picking art executors or art trustees to oversee their possessions after they die, she said. The ideal executor does not have a financial interest in the art and isn't a prospective owner of it.
Persons: , Rich, Rosemary Ringwald, Ringwald Organizations: Service, Bank of America, Business, Bank of, IRS, Bank Locations: Aspen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Fed President Mary Daly: PCE data shows us that monetary policy is workingSan Francisco Fed President Mary Daly joins 'Squawk Box' at the Aspen Ideas Festival to discuss the new PCE data and what this data suggests about the overall economy. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.
Persons: Mary Daly Organizations: San, Fed, San Francisco Fed, Aspen Ideas, NBCUniversal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeter Thiel supported Elon's X as an ideological project but worries about it as a 'financial thing'Peter Thiel joins the Aspen Ideas Festival on Thursday to give his take on Elon Musk’s social media platform X, formerly known as Twitter. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.
Persons: Peter Thiel, Elon's Organizations: Aspen Ideas, Elon, NBCUniversal
AI will cut the marginal costs of producing information, Microsoft AI CEO Mustafa Suleyman says. AdvertisementIf the internet dramatically cut the costs of producing information, AI is bound to eliminate them. That's according to Mustafa Suleyman, the CEO of Microsoft AI. "The economics of information are about to radically change," Suleyman said in an interview with journalist Andrew Ross Sorkin at the Aspen Ideas Festival this week. "In 15 or 20 years' time, we will be producing new scientific, cultural knowledge at almost zero marginal cost."
Persons: Mustafa Suleyman, Suleyman, , Andrew Ross Sorkin Organizations: Microsoft, Service, Aspen Ideas
Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. "You have to make a radical change as an [automaker] to get to a profitable EV. Ford's EV unit lost $1.32 billion during the first quarter of this year on 10,000 vehicles wholesaled. Farley said it's crucial for Ford to make profitable EVs in the next five years, as Chinese automakers continue to expand globally. "And if we don't make profitable EVs in the next 5 years, what is the future?
Persons: Jim Farley, Farley, Tesla, Ford, CNBC's Julia Boorstin, they're, Ford's Organizations: Washington , D.C, Ford Motor, Aspen Ideas, Ford, EV Locations: Washington ,, U.S, Canada, North America
Peter Thiel backs Donald Trump over Joe Biden
  + stars: | 2024-06-28 | 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 EmailPeter Thiel backs Donald Trump over Joe BidenPeter Thiel said he would vote for Donald Trump over Joe Biden in the presidential election while speaking at the Aspen Ideas Festival on Thursday. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.
Persons: Peter Thiel, Donald Trump, Joe Biden Peter Thiel, Joe Biden Organizations: Aspen Ideas, NBCUniversal
OpenAI CEO Sam Altman says he leaned heavily on advice from his friend Brian Chesky — CEO and co-founder of Airbnb — after ChatGPT became a global phenomenon. Here's where you're behind, here's what you're screwing up, here's what you got to proactively do, here's what you got to think about.'" Chesky was "almost always right," Altman added. The hours of guidance impacted key areas of OpenAI's business, according to Altman: Chesky instructed him on who to hire and how to "map" out the company's strategy. More recently, Chesky told him that he was "probably not thinking enough about" the political consequences of the company's generative AI technology, Altman added.
Persons: Sam Altman, Brian Chesky, Airbnb, ChatGPT, Altman, Chesky, Altman's, Brian Organizations: Aspen Ideas, Microsoft
Ari Emanuel, CEO of media conglomerate Endeavor, called for guardrails on artificial intelligence. But he said OpenAI CEO Sam Altman can't be trusted and the government needs to step in. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAri Emanuel, CEO of Endeavor, the sports and entertainment conglomerate, called OpenAI CEO Sam Altman a "con man" who can't be trusted with artificial intelligence.
Persons: Ari Emanuel, Sam Altman, , Altman, Emanuel, Elon Musk Organizations: Endeavor, Aspen Ideas, Service, Ideas, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeter Thiel still holds some bitcoin but isn't sure the price will rise 'dramatically'Peter Thiel joins the Aspen Ideas Festival on Thursday to give his take on bitcoin. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.
Persons: Peter Thiel Organizations: Aspen Ideas, NBCUniversal
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