DIRS.INFO The most relevant business & tech news

☆ Sam Altman's return to OpenAI doesn't necessarily mean a return to normalcy
▼ + stars: | 2023-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at Sam Altman returning to the helm of OpenAI. Less than five days after his shocking ouster, Sam Altman is set to return to OpenAI as its CEO. Microsoft's CEO Satya Nadella, a key figure in the past few days' drama, comes out a winner. By helping to reinstall Altman at OpenAI, he stabilizes a key piece of Microsoft's AI strategy.

Persons: —, NASA's James Webb, Sam Altman, JACK GUEZ, OpenAI, Altman, we're, Bret Taylor, Larry Summers, Taylor, Adam D'Angelo, Greg Brockman, OpenAI's confounder, They've, Tim Paradis, Satya Nadella, Kevin Scott, Insider's Ashley Stewart, Julie Bort, Darrin Zammit Lupi, Patrick T, Fallon Rivian, Elon Musk's, Jack Dorsey, Amr Bo Shanab, Madison, they're, Vladimir Putin, Billie Jean King, Jamie Lee Curtis, Scarlett Johansson, Hailey Bieber, John Deere, LongeviQuest's Ben Meyers, Yumi Yamamoto, Fabrizio Villatoro, Jack SteerLo, Fusa Tatsumi, they've, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NASA's James Webb Space Telescope, Getty, Silicon, Business, Microsoft, REUTERS, Elon, Madison Ave Locations: OpenAI, AFP, OpenAI's, India, New York City, San Diego, London, New York

☆ Teeter: The key story next year is the impact of rates on stock valuations
▼ + stars: | 2023-11-08 | 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 EmailTeeter: The key story next year is the impact of rates on stock valuationsRobert Teeter, Head of the Investment Policy & Strategy Group at Silvercrest Asset Management, discusses the outlook for stocks, rates, and the Fed.

Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management

☆ How Posters of Kidnapped Israelis Ignited a Firestorm on American Sidewalks
▼ + stars: | 2023-10-31 | by ( Katherine Rosman | More About Katherine Rosman | ) www.nytimes.com time to read: +9 min

“As a matter of free speech, people who oppose the ‘kidnapped’ posters could erect posters of their own, expressing their views,” Professor Zick said. “I don’t think they’re ripping down posters of ‘Dan Smith Will Teach You Guitar,’” he said. The posters “don’t include Palestinians, so are they concerned about missing people?” he asked. At the corner of Broadway and West 96th Street last weekend, half-ripped posters were covered with small fliers that said: “Why are the posters of kidnapped Israelis being ripped down? With friends and relatives, he has gone door-to-door through the towns of Cedarhurst, Hewlett, Inwood, Lawrence and Woodmere and asked store and restaurant owners to display the “kidnapped” posters inside windows that face the street.

Persons: Nitzan Mintz, ”, “ I’m, Tim Zick, Zick, Mike Mishkin, Mishkin, “ I’ve, they’re, ‘ Dan Smith, ’ ”, Israel, Miles Grant, New York “, “, Grant, ” “, ’ ” Ms, Mintz, Dede Bandaid, Rafael Shimunov, you’re, listserv, Rabbi Amichai Lau, Lavie, Councilwoman Julie Menin, “ Ella Elyakim, Ms, Menin, Guy Tsadik, Woodmere, ” Mr, Tsadik, Alain Delaquérière Organizations: Boston University, The New, William & Mary Law School, Broadway, Twitter, West, Auschwitz Jewish Center Foundation Locations: Gaza, Boston, South Florida, Queens, The New York, Manhattan, Williamsburg, Va, New York, Israel, Brooklyn, York, Palestinian, Israeli, Broadway, Long, Cedarhurst, Hewlett, Inwood, Lawrence, New Jersey, Florida

☆ Opinion: How long can America continue to be arsenal to the world?
▼ + stars: | 2023-10-11 | by ( David A. Andelman | ) edition.cnn.com time to read: +20 min

Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Tamir Kalifa/The New York Times/Redux Fire and smoke rise from Gaza City following an Israeli airstrike on October 8. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.

Persons: David A, CNN —, David Andelman, Biden, Benjamin Netanyahu, Ukraine —, Eden Guez, Violeta Santos Moura, Mohammed Salem, CNN Sergey Ponomarev, Mohammed Abed, Atef Safadi, Fatima Shbair, Tamir Kalifa, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Yuri Cortez, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Khan, Ibraheem Abu Mustafa, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Baz Ratner, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, ” Ely Ratner, ” Ratner, Ratner, “, Julianne Smith, Will, Will Israel Organizations: CNN, French Legion of, The New York Times, CBS News, David Andelman CNN, America, Ukraine, Defense, Fighters, Nova Festival, Reuters, Israel Defense Forces, New York Times, Getty, Ben Gurion, AP, Mount, Anadolu Agency, Shifa, West Bank, Rockets, Israel's, United Nations, Palestinian, Reuters Police, Reuters Rockets, [ Peoples Liberation Army, House Armed, Committee, Taiwan Relations, Senate, Washington Post, Israel, Capitol, House, Ukraine –, NATO, Taiwan Locations: United States, Ukraine, Russia, Israel, Gaza, Iran, China, Taiwan, Washington, Ashkelon, Gaza City, Kfar Azza, Kfar Aza, AFP, Tel Aviv, Mount Herzel, Jerusalem, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Khan Younis, Israeli, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Taiwan Strait, Beijing, Will Ukraine, Crimea, America

☆ Teeter: Treasury yields could move higher in the near-term before stabilizing
▼ + stars: | 2023-10-04 | 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 EmailTeeter: Treasury yields could move higher in the near-term before stabilizingRobert Teeter, Head of Investment Policy & Strategy at Silvercrest Asset Management, discusses surging Treasury yields and their impact on the broader markets.

Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management

☆ Even 1.4 billion people 'probably can't fill' all of China's vacant homes, ex-official admits
▼ + stars: | 2023-09-23 | by ( ) edition.cnn.com time to read: +2 min

Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed. As of the end of August, the combined floor area of unsold homes stood at 648 million square meters (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square meters (970 square feet). “How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people,” said He Keng, 81, a former deputy head of the statistics bureau.

Persons: ”, Keng Organizations: China Evergrande, Garden Holdings, National Bureau of Statistics, China News Service Locations: China, Dongguan

☆ Even China's 1.4 billion population can't fill all its vacant homes, former official says
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres. "How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people," said He Keng, 81, a former deputy head of the statistics bureau. "All sorts of comments predicting the collapse of China's economy keep surfacing every now and then, but what has collapsed is such rhetoric, not China's economy," a spokesperson at the foreign ministry said at a recent news conference.

Persons: Keng, Albee Zhang, Ryan Woo, Jan Harvey Organizations: China Evergrande, HK, Garden Holdings, National Bureau of Statistics, China News Service, Thomson Locations: BEIJING, China, Dongguan

☆ Sunac China files for Chapter 15 bankruptcy protection
▼ + stars: | 2023-09-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the Southern District of New York on Tuesday. It’s the second big distressed Chinese developer in weeks to seek such protection: Evergrande made a Chapter 15 filing in the United States a month ago, after posting losses of $81 billion in the last two years. Entering the process may help Sunac China negotiate with overseas lenders as it works to overhaul its debt. “While Evergrande is still struggling to get their offshore creditors on board, Sunac has really overtaken them,” she said.

Persons: It’s, Evergrande, Sunac, Sandra Chow, it’s, Chow, ”, —, ” Chow, “, Andy Rose Organizations: Hong Kong CNN, US, Court, Southern, of, Asia, CNN, Evergrande Locations: China, Hong Kong, United States, of New York

☆ Kroger Agrees to Pay $1.2 Billion to Settle Opioid Claims
▼ + stars: | 2023-09-08 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +2 min

Background: Pharmacy chains have been settling opioid claims. Three large pharmacy chains that compete with Kroger — Walgreens, CVS Health and Walmart — reached similar settlements last year totaling about $13 billion. The claims against Kroger and its competitors have focused on the role of their pharmacies in flooding communities with legal painkillers. Why It Matters: Opioid settlement money is funding recovery efforts. Kroger said on Friday that the opioid settlement agreement would not impede the merger.

Persons: Kroger, Walmart —, overprescribing, Josh Stein, ”, Harris, Jan Hoffman Organizations: Kroger, Walgreens, CVS Health, Walmart, Rite, Albertsons Locations: Washington State, West Virginia, North Carolina

That's because the Federal Reserve has been hiking interest rates since March 2022 in an effort to cool inflation. So the question remains: When will we finally see interest rates start to come down? CNBC Select asked three experts to give their take on what lies ahead for interest rates. What we'll coverWhen will interest rates come back down? Existing loans with a variable rate may also start charging less interest as the Fed lowers interest rates.

Persons: Amy Hubble, hasn't, Preston Caldwell, Caldwell, Hubble, Elliot Eisenberg, you'll, it's Organizations: Federal Reserve, CNBC, Federal, Market, Morningstar Research Services, Ally Bank, Navy Federal Credit Union, Jumbo, Navy Federal Credit, PNC Bank, PNC Bank Mortgage, Savings, Axos Bank, FDIC, CNBC Select's, Facebook, Twitter Locations: U.S

☆ Opinion | One Sentence Does Not Define a Curriculum
▼ + stars: | 2023-08-03 | by ( John Mcwhorter | ) www.nytimes.com time to read: +3 min

Too often the idea of the slippery slope is presented as a given, rather than as an assertion requiring evidence. But I do perceive that America has become infinitely more informed about slavery than it was 50 years ago. To propose such an idea is, in its way, to dismiss the work so many have done to change minds. There are, to be sure, other things in the curriculum that also need fixing. The group was given only a few months to compile the curriculum, and errors like that happen in haste.

Persons: I’m, ”, …, Ron DeSantis Organizations: D.C, Tulsa Locations: America, “ Amistad, Florida, Washington, Rosewood

☆ VIEW Bank of England raises rates for a 14th time
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +7 min

The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."

Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S

☆ Australia vs Canada: Australia facing ‘disaster’ as Matildas teeter on brink of early exit from home World Cup
▼ + stars: | 2023-07-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +10 min

As one of the co-hosts, this year’s Women’s World Cup was supposed to be the culmination of all this change; a celebration of Australia’s most beloved team. A shaky 1-0 win against Ireland kicked off the Matildas’ tournament before disaster struck once more and they succumbed to a shock 3-2 defeat against Nigeria. That 2015 run marked the Matildas’ best World Cup performance to date, after appearing in every edition since 1995. The assembled 75,784 fans represented a record crowd for a women’s soccer match in the country and the highest attendance at a Women’s World Cup for 24 years, according to FIFA. “It’s definitely transcended the traditional women’s community and so that’s really exciting.”Australia has played its part in making this the biggest Women’s World Cup in history.

Persons: Sam Kerr’s, backflipping Kerr, Ellie Carpenter’s, Kerr, Gorry’s, “, ” Heather Reid, it’s, that’s, ” Reid, ” Fiona Crawford, Sonia Gegenhuber, ” Crawford, Tony Marshall, Tony Gustavsson –, –, Sam Kerr's, Ryan Pierse, Sam Kerr, ” Caitlin Foord, Bradley Kanaris, ” Gustavsson, ” Kerr, ”, Jaimi Joy, “ They’ve, ” Simon Reus, “ It’s Organizations: CNN, Sydney Opera House, Disney, Women’s Soccer Australia, CNN Sport, Ireland, Nigeria, Canada, Federation, Olympics, US, National, Chelsea, Tokyo, Spain, England, Sweden, Rugby, Reuters FIFA, Australia, FIFA, Sydney Harbour Bridge, France, Brazil, . Sports Locations: Sydney, Australia, Brazil, South Korea, Spain, Nigeria, Canada, Qatar, Haiti

A humanoid warehouse worker, Digit walked upright on goatlike legs and grabbed bins off a shelf with muscular arms made from aerospace-grade aluminum. It then placed the boxes on an assembly line and walked back to the shelf to search for more. Machines like Digit are ready to take over a vast swath of physical labor, from operating forklifts to doing the laundry. Mr. Kyslinger, an engineer who has spearheaded automation for some of the largest retailers in the world, including Amazon and Walmart, is passionate about the potential of robots to improve the quality of life for workers. Robots free humans from boredom, repetition, physical strain and productivity limits that can put their jobs at risk, he believes.

Persons: ChatGPT, Ron Kyslinger, Kyslinger Organizations: Amazon, Walmart Locations: ProMat, Oregon

☆ Are These the Most Expensive Jeans in the World?
▼ + stars: | 2023-07-06 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

That was where, as golden hour set in, a magic Valentino show began — with Kaia Gerber in a pair of jeans and a white shirt. Granted, they weren’t just any jeans: they were made from silk gazar entirely embroidered in micro beads dyed 80 different shades of indigo to resemble denim, but still. They looked like jeans. Jeans — or their very fancy doppelgängers — have been the biggest trend of the week. There were more jeans, likewise made from trompe l’oeil beading, in the Jean Paul Gaultier collection guest designed by Julien Dossena, and lots of jeans in all stages of distress at Balenciaga, which also were not denim at all but oil-painted canvas that took two and a half months to create.

Persons: Valentino, Kaia Gerber, upcycled Levi’s, Jean Paul Gaultier, Julien Dossena Locations: Paris, Chantilly

☆ Bridget Jones Deserved Better. We All Did.
▼ + stars: | 2023-06-30 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +2 min

You couldn’t pass a Borders or Barnes & Noble megastore without catching Bridget’s cool blue-green gaze. Seemingly overnight, Bridget was to digital correspondence what Chandler Bing was to comic timing: a fresh metronome for the last gasp of the 20th century. She was the toast of book clubs, the subject of editorials, a lightning rod for morning-show debate and fodder for late-night comedy. Some readers were charmed by Bridget Jones; others were disgusted. That if we don’t enjoy our jobs, we just stick around and, heck, sleep with the boss (who never calls us back).”

Persons: Bridget Jones’s, “, ”, it’s “, ’ it’s, Elizabeth Gleick, ” “ Bridget Jones ”, Noble, ” “, —, Bridget, Chandler Bing, Bridget Jones, “ Bridget, ” Alex Kuczynski Organizations: Publishers Weekly, British Vogue, New York Times, Barnes Locations: British, ‘

☆ Asian stocks teeter as Russia, rates and China risks weigh
▼ + stars: | 2023-06-27 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.08% at 0126 GMT, after dropping 0.06% an hour earlier. "Asian equities are set for a downturn on Tuesday, prompted by Wall Street's risk-aversion behavior," said Anderson Alves, a global macro analyst at ActivTrades. All three major U.S. stock indexes ended in the red on Monday, with megacap momentum stocks pulling the tech-heavy Nasdaq down the most. The Dow Jones Industrial Average (.DJI) fell 0.04%, the S&P 500 (.SPX) lost 0.45% and the Nasdaq Composite dropped 1.16%. Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) opened up 0.3% and 0.1%, respectively, shaking off losses from the past four sessions.

Persons: Wall, Anderson Alves, Alves, Goldman Sachs, Redmond Wong, Wong, Vladimir Putin's, Brent, Kane Wu, Sam Holmes Organizations: Nikkei, ActivTrades, Dow Jones, Nasdaq, U.S, Global, China, Saxo Markets, Treasury, Thomson Locations: HONG KONG, Russia, Asia Pacific, Japan, Europe, U.S, ActivTrades, Asia

☆ DMs From New York City
▼ + stars: | 2023-06-26 | by ( Dodai Stewart | ) www.nytimes.com time to read: +4 min

Dodai Stewart Dodai Stewart Dodai Stewart DMs From New York CityNew York City can be a study in overstimulation. Dodai Stewart Dodai Stewart Dodai StewartI am sure you have seen them. In a city that shouts and blares, these are little whispers, with voices as varied and distinctive as New Yorkers themselves. Dodai Stewart Dodai Stewart Dodai StewartSometimes it’s hard to comprehend what a city really is, beyond densely stacked gleaming towers and throngs of faceless, busy strangers. New York is just a bunch of people, and they want to talk.

Persons: Dodai Stewart Dodai Stewart Dodai Stewart Organizations: New York City New, New Yorkers Locations: New York City, New York City New York City, overstimulation, New York, New, Brooklyn Heights, Manhattan

☆ Teeter: Expect markets to struggle in the short term but improve by year-end
▼ + stars: | 2023-06-22 | 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 EmailTeeter: Expect markets to struggle in the short term but improve by year-endRobert Teeter, Head of Investment Policy & Strategy at Silvercrest Asset Management, discusses the investing landscape for the rest of the year.

Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management

☆ Twitter's new CEO Linda Yaccarino has seemingly had one of her tweets framed at the company's HQ, following in Elon Musk's footsteps
▼ + stars: | 2023-06-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Twitter employee shared a photo of Linda Yaccarino's tweet framed on the office wall. Linda Yaccarino, the new Twitter CEO, has joined Elon Musk in having one of her tweets framed on the office walls of her new company. And either she or some other Twitter employee must be quite proud of this retort, because it's now been put on display in the headquarters. It looks like it's framed on the same wall where Elon Musk had one of his tweets put on show last November. Although several users had already come up with this joke, even photoshopping fake Musk tweets before the real billionaire posted it himself.

Persons: Linda Yaccarino's, Elon Musk, Linda Yaccarino, Yaccarino, it's, Musk, Twitter Organizations: Twitter, Elon Musk Locations: San Francisco, Twitter's San Francisco

☆ Australia cenbank warns of more hikes ahead after raising rates to 11-yr high
▼ + stars: | 2023-06-06 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

"The omission of this sentence reads hawkish in our view and may spell further rate hikes ahead from the RBA." Adam Boyton, head of Australian economics at ANZ, expects the RBA to raise interest rates by another quarter-point in August. In the policy statement, Lowe said the latest rate increase will "provide greater confidence that inflation will return to target within a reasonable timeframe." The RBA has increased interest rates by a whopping 400 basis points since May last year, the most aggressive tightening cycle in its modern history. "As the RBA takes rates higher, the risk of a greater slowing in the economy is rising," said Tapas Strickland, head of market economics at NAB.

Persons: Prashant Newnaha, Adam Boyton, Lowe, Tapas Strickland, Stella Qiu, Shri Navaratnam Organizations: SYDNEY, Reserve Bank of Australia, Securities, Australian, ANZ, Graphics Global, Federal, NAB, Thomson Locations: Asia, Australia

☆ The E-Sports World Is Starting to Teeter
▼ + stars: | 2023-05-20 | by ( Kellen Browning | ) www.nytimes.com time to read: +1 min

Six years ago, the Madison Square Garden Company, a group that includes James Dolan, the owner of the New York Knicks and the New York Rangers, announced a triumphant entrance into sports’ next frontier: a professional video game league. As e-sports revenue fell below expectations and investors became skeptical of the industry, Madison Square Garden’s owners last year tried to find a way out of the business by selling their marquee team. After years of fanfare, e-sports in the United States are giving way to economic realities. Unable to turn a profit, team owners are cutting costs by laying off employees and ending contracts with star players. In some cases, they are selling their teams and sometimes at a loss, offering a blunt reality check to people who believed e-sports could be the next big thing in entertainment.

☆ A Sinking Capital and More: The Week in Reporter Reads
▼ + stars: | 2023-05-19 | by ( ) www.nytimes.com time to read: +1 min

For two years, Mr. Joko served as the governor of a capital city that seemed to teeter on the brink of ruin. Most of all, Jakarta was sinking, as thirsty residents drained its marshy aquifers and rising sea waters lapped its shores. So Mr. Joko rolled up his sleeves, put on his sneakers and set about trying to fix the city. All the Sisyphean dredging, the endless concrete inches slathered on sea walls, the duct tape solutions could not raise Jakarta above the sea’s reach. And so Mr. Joko has turned to a different solution: If Jakarta cannot be saved, he will need to start over.

☆ What’s a President to Do When a Nation’s Capital Is Sinking? Move It.
▼ + stars: | 2023-05-16 | by ( Hannah Beech | ) www.nytimes.com time to read: +38 min

A new capital city for a place with such disparities and diversity presents both a challenge and a chance for reinvention. Moving the Seat of Power From Java to Borneo Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Indonesia’s new capital, Nusantara, will be about 800 miles from the current capital, Jakarta. It cannot be overnight, it’s not like Aladdin comes with his genie,” said Bambang Susantono, the head of the Nusantara Capital City Authority. We have to prove that this will be a self-propelling city.” — Bambang Susantono, head of the Nusantara Capital City AuthorityCritics of I.K.N. Indonesia’s capital city faces sinking land and rising seas.

☆ Etsy is wasting no time jumping into the wedding registry business
▼ + stars: | 2023-05-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

While Bed Bath and Beyond and its popular wedding registry service teeter on the edge, Etsy is stepping in to fill any potential void. Etsy announced on Wednesday that the online marketplace for handcrafted items is launching its own wedding registry. In addition to selecting registry items from Etsy’s vast offerings of handmade and vintage items, the company said the Etsy Registry will also provide couples with a personalization service for nuptial-related paraphernalia, such as wedding decor and bridal party items. “So, launching Etsy Registry was a natural next step,” she said. Etsy has launched its own wedding registry called Etsy Registry.

Search resuls for: "Teeter"

25 mentions found