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☆ Opinion | Is the Fed Falling Prey to Groupthink?
▼ + stars: | 2024-01-15 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

If you’re looking to argue that the Fed suffers from too much unanimity, the inflationary surge of 2022 looks like evidence. In speeches, various members of the committee had been expressing concerns about inflation, but they weren’t voting that way. She worked at the Fed for 25 years in stints between 1984 and 2022, including one writing up the minutes of Federal Open Market Committee meetings. Meade said one reason dissents are few is that “the meetings aren’t about today, they’re about tomorrow.” Committee meetings occur eight times a year. If a voter feels uncomfortable with the (unanimous) rate decision, that person will try to rally support for a different path at future meetings.

Persons: James Bullard, Louis, Ellen Meade, “, ” Meade, Levin, Meade Organizations: Federal Reserve Bank of St, Duke University, Fed, Open

The Jim Harbaugh derby for NFL teams is about to heat up. A week after leading the University of Michigan to a national title in the College Football Playoff, Harbaugh will meet with the Los Angeles Chargers about their head coach vacancy this week, a person familiar with the situation told The Associated Press. Harbaugh, who previously coached in the NFL, has a prior relationship with the Chargers and the Spanos family that owns it. To prepare for a possible NFL return, Harbaugh recently hired Don Yee as his new agent. Despite leading Michigan to its first national title since 1997, it was a frustrating year for Harbaugh.

Persons: Jim Harbaugh, Harbaugh, Brandon Staley, Tom Telesco, ” Harbaugh, Don Yee, Yee, —, Tom Brady —, Sean Payton, John . Harbaugh, Giff Smith, Kellen Moore, Patrick Graham, Todd Monken, San, Steve Wilks, Mike Macdonald, Monken, Wilks, Macdonald, ___ Organizations: NFL, University of Michigan, College Football Playoff, Los Angeles Chargers, Associated Press, Chargers, Bolts, Raiders, Wolverines, Washington, . Michigan, San Diego University, Stanford, San Francisco 49ers, Bowl, Denver Broncos, 49ers, Super, Niners, Baltimore Ravens, Minnesota Vikings, Broncos, Carolina Panthers, Harbaugh, NCAA, Big, Michigan, Las Vegas Raiders Locations: Atlanta, Carolina, Las Vegas , Seattle , Tennessee, Washington, Las Vegas, Michigan, Pasadena

☆ Mary Ellen Mark: Vintage photos offer rare glimpse of Mumbai’s red-light district
▼ + stars: | 2024-01-05 | by ( Christy Choi | ) edition.cnn.com time to read: +15 min

CNN —Mary Ellen Mark couldn’t forget Falkland Road. Despite being harassed and intimidated, legendary photographer Mary Ellen Mark spent 10 years trying to take photos on Falkland Road. Mary Ellen Mark A young woman and her customer photographed by Mary Ellen Mark. Mary Ellen Mark Falkland Road's infamous cages, where sex workers were displayed to passersby and potential customers. Mary Ellen Mark A young woman and a child seen reflected in a mirror.

Persons: Mary Ellen Mark, Mary Ellen Mark couldn’t, ”, Falkland, ” Meredith Lue, Lue, didn’t, Mark, “ Saroja, ’, Mary Ellen Mark Friends, “, ” Lue, she’s, Asha, Mumtaz, Usha, Mary Ellen Mark Late, Mary Ellen Mark Falkland, wouldn’t, Champa, Martin Bell, ” Mark, Mary Ellen Mark Hidden, ” Bell, Mark’s, ’ ” Lue, Ward, They’re, they’ve, It’s, ” Mary Ellen Mark Organizations: CNN, New York Times, Mary Ellen Mark Foundation, GEO, Olympia, Mental Institution, Ward, Times, “ Locations: Mumbai, Bombay ”, Bombay, —, Falkland, “, Mumbai's, South India, America, Berlin, Germany, India, Seattle, Oregon

☆ How old fishing nets could be part of the climate crisis solution
▼ + stars: | 2023-12-05 | by ( Paul Glader | ) edition.cnn.com time to read: +10 min

De Bouter’s company, Brikole, is a startup “circular business” that recycles discarded nets from the industrial tuna fishing industry. Kyle de Bouter holds board shorts made of recycled Nylon fishing nets similar to the kind he is recycling. Since the area is prime for fishing, especially tuna fishing, many in Seychelles believe those industries are a good place to start. He championed activity by “inventive young entrepreneurs” to improve society, mentioning recycled fishing nets as one example. “This is solving the problem of exhausted fishing nets,” said Julio Morón, a managing director of the Spanish tuna fishing organization called OPAGAC.

Persons: Seychelles CNN — Kyle de Bouter, ”, De, Kyle de Bouter, Paul Glader, CNN “, de Bouter, Joshua Tiatouse, CNN De Bouter, Ellen MacArthur, Eduardo Soteras, James Alix Michel’s, Michel, De Bouter, Julio Morón, Brikole, Bouter, de, Manuel Sigren, Bureo, Joshua Tiatousse, Tiatousse, “ Organizations: Seychelles CNN, United Nations, CNN, Bank, “ Department of Blue, Ellen MacArthur Foundation, Washington Post, Economy Research, University of Seychelles, snags, Electricity, Bureo, DuPont, BASF, DOMO Chemicals, Grandview Research Locations: Victoria, Seychelles, Patagonia, Spain, France, South Korea, Kosovo, Ghana, Philippines, Mahé, “, Dubai, China, California, Africa, Asia, Grandview

☆ Italian designers Krill are using fruit peel to make furniture
▼ + stars: | 2023-12-04 | by ( Arya Jyothi | ) edition.cnn.com time to read: +6 min

Using fruit peel, orange seeds and coffee ground waste collected from businesses in Italy, Krill products can be redistributed to the same businesses for use in their offices, instead of furniture made from common plastics. “After three or four years, you have to change your furniture [anyway],” says Marco Di Maio, director of operations at Krill. “But if all that furniture was made using our materials, we would be able to recover them, crush them and print other furniture with the same material. First, the food waste is dried and crushed into a very fine powder. It’s also looking to develop injection molding — injecting the molten compound of food waste and PHB into a mold instead of 3D-printing — which could cut costs and save time.

Persons: “, ”, Marco Di Maio, Di Maio, won’t, Rekrill, we’ve, ” Di Maio, San, Iles, Ellen MacArthur, bioplastics, ” Iles, It’s Organizations: CNN, Circle Economy Foundation, bioplastics, Ellen MacArthur Foundation Locations: Milan, Italy, San Pellegrino, Sicily, “

☆ Betty Rollin, Who Wrote Candidly About Her Breast Cancer, Dies at 87
▼ + stars: | 2023-11-24 | by ( Richard Sandomir | More About Richard Sandomir | ) www.nytimes.com time to read: +1 min

Betty Rollin, a network news correspondent who described intensely personal life passages in two memoirs — “First, You Cry,” about being diagnosed with breast cancer and having a mastectomy, and “Last Wish,” in which she revealed that she had helped her pain-ravaged mother end her life — died on Nov. 14 in Basel, Switzerland. She was 87. The cause was voluntary assisted suicide, at Pegasos, an assisted dying service, said Ellen Marson, a close friend, who disclosed the death to The New York Times on Thursday. Ms. Rollin had been dealing with pain from arthritis and a gastrointestinal condition, she said, and had been brokenhearted since the death of her husband, Harold Edwards, a mathematician, in 2020. “Betty recently told a few close friends she was going to do this,” Ms. Marson wrote in an email.

Persons: Betty Rollin, — “, —, Ellen Marson, Ms, Rollin, Harold Edwards, “ Betty, Marson, Betty Organizations: New York Times Locations: Basel, Switzerland, Pegasos, Manhattan

Impossible is often just a starting point on a Christopher Nolan film and “Oppenheimer,”about the father of the atomic bomb, was no exception. She told them at the time that if there were ever a zombie apocalypse, they were the people she’d want to be with. “Every day there’s something that happens and you have to figure out a way out of it. It was the perfect claustrophobic, unglamourous and period-specific setting for a humiliating ordeal designed to make Oppenheimer feel small. When he glued it all together, it sounded perfect — but perfect felt wrong.

Persons: Christopher Nolan, “ Oppenheimer, ”, Gary Oldman, Harry S, Truman, Emma Thomas can’t, ” Thomas, Ruth De Jong, Hoyte van Hoytema, Jennifer Lame, Chris, Luisa Abel, Jaime Leigh McIntosh, “, ” Abel, Nolan, ” McIntosh, Oppenheimer ”, Ellen Mirojnick, Mirojnick, Oppenheimer, De Jong, ” Nolan, van, van Hoytema, Lame, Emily Blunt, Ludwig Göransson’s, Oppenheimer’s, “ Oppenheimer ”, that’s, Serena McKinney, Andrew Jackson, Chris Nolan, Richard King, you’ve, King, ” Jackson, Göransson, ” it’s Organizations: Associated Press, Washington, Trinity Locations: Alamos, New Mexico, Los Angeles, Southern California, Dunkirk, ”

☆ Yellen says Biden, Xi remain far apart on Taiwan's independence post-APEC
▼ + stars: | 2023-11-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Treasury Secretary Janet Yellen said Monday that U.S. President Joe Biden and Chinese President Xi Jinping remained far apart on the status of Taiwan after their high-profile meeting last week during the Asia-Pacific Economic Cooperation conference in San Francisco. "President Xi did express the view that it's important for Taiwan and mainland China to unify. "But President Biden said our policy remains unchanged from what it's always been with respect to Taiwan." Even after their talks last week, Biden and Xi's deadlock on the issue could have military ramifications, despite Xi's insistence that he does not want military conflict. Already, Taiwanese officials have reported escalating Chinese military action around the island in recent months.

Persons: Janet Yellen, Xi Jinping, Joe Biden, Xi, Yellen, Biden, it's, China's, Nancy Pelosi, I'm, that's Organizations: San Francisco International, Economic Cooperation, U.S, ., China, APEC Locations: Asia, San Francisco , California, Taiwan, San Francisco, China, People's Republic of China, U.S, Ukraine, Israel

☆ Look inside this startup's self-propelled RV, as camping goes electric
▼ + stars: | 2023-11-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The $50 billion travel trailer industry is finally hitching up to the electric vehicle ecosystem. As more Americans move to electric cars, the trailer industry has to evolve because the towing runs down the battery quickly. The drag on battery power can make towing an RV long distances with an EV prohibitive. In addition to UpHonest, Pebble is backed by Lightspeed and Vision Plus. With the solar and battery power, the Pebble makers say it can live off the grid for seven days, without propane or a generator required.

Persons: Bingrui Yang, Ellen Ma, Yang, —, Lisa Rizzolo Organizations: Pebble Mobility, Mobility, Apple, UpHonest, Lightspeed, Vision, CNBC PRO Locations: Winnebago, California

WASHINGTON (AP) — The United States and China are the two global economic heavyweights. The meeting will bring together 21 Pacific Rim countries, which collectively represent 40% of the world’s people and nearly half of global trade. Indeed, imports of Chinese goods to the United States were down 24% through September compared with the same period of 2022. Xi, too, has reason to try to restore economic cooperation with the United States. “This will not be an easy sell.’’Complicating matters is that the tensions between Washington and Beijing go well beyond economics.

Persons: Joe Biden, Xi, Eswar Prasad, “, Prasad, Donald Trump, Trump, Biden, Chad Bown, Janet Yellen, Lifeng, —, ” Yellen, ’ ’, Wendy Cutler, Raja Krishnamoorthi, ’ ’ Krishnamoorthi, ’ Organizations: WASHINGTON, International Monetary Fund, “, Cornell University, Economic Cooperation, Biden, World Trade Organization, U.S, Peterson Institute for International Economics, Prosperity, Trump, Group, Bain & Co, Micron, IMF, United, Asia Society Institute, Chinese Communist Party, Republicans, Pew Research Center, Center for Strategic, International Studies, Rep, Illinois Democrat Locations: United States, China, Washington, Beijing, U.S, Ukraine, Gaza, Asia, San Francisco, Shanghai, Hong Kong, Xinjiang, India, Philippines, South China, Taiwan, Chinese, Kenya, Nigeria, Illinois

WASHINGTON (AP) — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In her speech, Yellen said Washington will not cut its economic ties with Beijing but pursue a “serious and clear-eyed" approach. “As I’ve said, the United States does not seek to decouple from China. “The United States has long been a Pacific nation, and it is abundantly clear we remain one today,” she said. “We are deepening our economic ties across the region, with tremendous potential benefits for the U.S. economy and for the Indo-Pacific.”

Persons: — Washington, Janet Yellen, We’ve, Yellen, Joe Biden, Xi Jinping, Biden’s, ”, I’ve, ” Yellen, “ Organizations: WASHINGTON, Biden, Asia Society, Economic Cooperation, Washington Locations: Beijing, Washington, decouple, China, United States, Asia, San Francisco, Manila, Taiwan Strait, Taiwan, U.S, Japan, South Korea, Vietnam, India, Pacific

JUBA, South Sudan (AP) — At least one in five children arriving in South Sudan from Sudan are malnourished and more than 90% of arrivals haven’t eaten in days, the U.N. food agency said Tuesday. The World Food Program said that nearly 300,000 people have arrived in South Sudan in the last five months — the majority of whom are South Sudanese. South Sudan plunged into civil war in 2013, forcing thousands of its citizens to flee to neighboring countries, including Sudan. “We are seeing families leave one disaster for another as they flee danger in Sudan only to find despair in South Sudan,” says Mary-Ellen McGroarty, WFP’s country director in South Sudan. The WFP is appealing for additional funding of more than $120 million to meet humanitarian needs at the border.

Persons: ”, Mary, Ellen McGroarty, Abdel Fattah Burhan, Mohammed Hamdan Dagalo Organizations: Food Program, South, Rapid Support Force Locations: JUBA, South Sudan, Sudan, South Sudanese, Sudan’s

☆ Cancer changed my macho views on accepting help
▼ + stars: | 2023-09-19 | by ( Andy Segal | ) edition.cnn.com time to read: +11 min

I assumed I could fight cancer on my ownI’m not wired to cry, and it’s not just because I’m a man. Drawing on my lineage as I faced cancer, I didn’t think I was one of those weaklings who would need help. Friends who had battled cancer offered advice, grocery shopping, respite care and rides to doctor appointments. There was no cancer in the 34 lymph nodes that were removed, which means there is little chance it spread. Even so, in case there are undetectable stray cancer cells, I will undergo five more chemotherapy sessions.

Persons: it’s, Ellen, Segal, Ellen Mazer, Andy Segal, Avrum Weiss, ”, Weiss, sulking, chemo, Whipple, Allen Oldfather Whipple, —, “ Segal, Maisel Organizations: CNN, NFL, ”, Peabody, DuPont Locations: Iranian, Russian, ”, Atlanta, Annapolis , Maryland

☆ NFL week 1: Everything you need to know
▼ + stars: | 2023-09-10 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Bengals @ BrownsAn Ohio derby on the opening weekend of the new season is a treat for all NFL fans, especially with expectations for both teams so high. The Dallas Cowboys and the New York Giants have had many battles for the ages over the years and is one of the most heated rivalries across the league. Dalton Schultz of the Dallas Cowboys scores a touchdown during the second half against the New York Giants at AT&T Stadium on November 24, 2022 in Arlington, Texas. Bills @ JetsArguably the game of the first week is its final one, with the Buffalo Bills traveling to face the New York Jets. Mosley of the New York Jets defends in the fourth quarter at Highmark Stadium on December 11, 2022.

Persons: Joe Burrow, Burrow, Ja’Marr Chase, Zac Taylor, Dylan Buell, Deshaun Watson, Watson, Kevin Stefanski, David Eulitt, Ezekiel Elliott, Kellen Moore, Mike McCarthy, Dalton Schultz, Wesley Hitt, Dak, Brian Daboll’s, Daniel Jones, Saquon Barkley, Darren Waller, Josh Allen, Stefon Diggs, Von Miller, Damar Hamlin, Dawson Knox, Mosley, Joshua Bessex, Aaron Rodgers, – Sauce Gardner, Breece, Garrett Wilson –, Rodgers, C.J, D.J, Reed Organizations: CNN, Kansas City Chiefs, Detroit Lions, NFL, Detroit, ESPN, FOX, NBC, CBS, Dallas Cowboys, New York Giants, Buffalo Bills, New York Jets, Bengals, Browns, Cincinnati Bengals, Super, AFC Championship, Getty, Cleveland Browns, AFC North, Cowboys, Giants NFL, Los Angeles Chargers, AT, Giants, Bills, Jets, Green Bay, Sunday Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington, Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, @ @ @ @ @ @ @ @ @ @ @ @ @ @ Locations: United States, DAZN, Browns An Ohio, Arlington , Texas, Prescott, Texas, Green

☆ Airbnb removed 3 rental vans parked in New York City after neighbors complained of feces and urine outside
▼ + stars: | 2023-08-01 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

Inside each van, guests could find a mattress, a small sink, and a toilet with a sign reading, "For Emergency USE only please! But local residents told the Daily News they saw Airbnb guests using the streets as their restroom. However, that didn't stop Airbnb guests from leaving less-than-positive reviews. Airbnb removed the listings in JulyAccording to the Daily News, the Airbnb host was Magdalena Kulisz, who went by the name Magda Agata on the platform. Another guest gave the listing one star, writing: "This 'van experience' is not a fun experience."

Persons: Airbnb, Airbnbs, Ellen Moynihan, van, Stacey, Magdalena Kulisz, Magda Agata, Kulisz, it's, Sha Kenan, Kenan, Van Camper, Culture62288004542, Tripadvisor Organizations: Service, luxe, New York Daily News, Daily News, Tripadvisor Locals, Daily, Miss Immigrant, Mayor's, Special, Immigrant, Tripadvisor Locations: NYC's, Wall, Silicon, York, New York City, Tripadvisor

☆ A Summer Spectacle Where Fireflies Are the Guiding Light
▼ + stars: | 2023-07-29 | by ( Amelia Nierenberg | More About Amelia Nierenberg | ) www.nytimes.com time to read: 1 min

New Canaan, a wealthy town in Connecticut, is a town of lawns. Lawns, trim and bug-free, lined with sculpted shrubs. Lawns, like so many lawns across suburban America, sprayed with pesticides each spring, mowed each week of summer and raked free of leaves each fall. But Bill and Mary-Ellen McDonald have taken a different approach. “These fireflies are here, and really only here,” Mr. McDonald, 75, said on a recent Friday evening, the sky fading to lilac.

Persons: Bill, Mary, Ellen McDonald, ” Mr, McDonald Locations: Canaan, Connecticut, America

☆ John Kerry to step into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Beijing Sunday, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

☆ John Kerry steps into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

☆ Yellen's China trip yields long meetings, 'cordial' tone, but no consensus
▼ + stars: | 2023-07-10 | by ( David Lawder | ) www.reuters.com time to read: +5 min

"The accomplishment of the meeting was the meeting itself, not specific issues," said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington. A senior U.S. Treasury official accompanying Yellen on her first trip to China as secretary described it as "respectful, frank and constructive," adding: "She was warmly received." Her meeting on Saturday with He, China's new economic czar, was scheduled for two hours but lasted five, followed by a "cordial" dinner, the official said. In the meantime, Yellen said the talks set the stage for more frequent U.S.-China communications at the staff level about economic issues, including areas of disagreement. A possible venue for this would be the Asia-Pacific Economic Cooperation summit in San Francisco in November.

Persons: Janet Yellen, Yellen, Lifeng, Scott Kennedy, Premier Li Qiang, Pan Gongsheng, Joe Biden's, Jake Colvin, Hong Hao, Hong, Colvin, Biden, John Kerry, Gina Raimondo, Xi Jinping, Wang Yiwei, David Lawder, Andrea Shalal, Ryan Woo, Ellen Zhang, Qiaoyi Li, Stephen Coates Organizations: . Treasury, U.S, Center for Strategic, International Studies, Global Times, Treasury, Premier, People's Bank of China, National Foreign Trade Council, Grow Investment, . Commerce, Renmin University, Economic Cooperation, Thomson Locations: Beijing, China, Washington, China's, U.S, United States, Hong Kong, Asia, San Francisco, Anchorage , Alaska

☆ Yellen sees 'progress' in rocky U.S.-China ties, expects more communication
▼ + stars: | 2023-07-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

"But President (Joe) Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. Secretary of State Antony Blinken visited Beijing last month, the first visit by the top U.S. diplomat of the Biden presidency, while climate envoy John Kerry is expected to visit China this month. Yellen met with senior Chinese officials during her visit, including Premier Li Qiang, as well as U.S. companies doing business in China, climate finance experts and women economists. But I expect that this trip will help build a resilient and productive channel of communication," Yellen said. Reporting by Andrea Shalal; Writing by Andrea Shalal and John Geddie; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Yellen, Joe, Biden, Antony Blinken, John Kerry, Xi, they're, Washington, Li Qiang, Andrea Shalal, John Geddie, William Mallard Organizations: . Treasury, U.S ., U.S, Biden, Economic Cooperation, Thomson Locations: BEIJING, Beijing, United States, China, U.S, Taiwan, New Delhi, Asia, San Francisco, Washington, Brazil, India, Russia, Ukraine

During her first day of meetings in Beijing, Treasury Secretary Janet L. Yellen criticized punitive measures the Chinese government has taken against American firms. I’ve made clear that the United States does not seek a wholesale separation of our economies. Ms. Yellen conveyed her objections to China’s top officials, including Premier Li Qiang, in what was the first visit to China by a Treasury secretary in four years. A Treasury Department official said Ms. Yellen had discussed the outlook for the economy in an informal discussion with her former counterparts that lasted more than an hour. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” Ms. Yellen said.

Persons: Janet L, Yellen, I’ve, Biden, Yellen’s, Li Qiang, Ms, “ I’ve, Mark Schiefelbein, Wang Yong, Wang, ”, Shi Yinhong, “, China’s, Michael Hart, “ We’ve, Mr, Hart, Liu He, Yi Gang, Li, Li’s, ” Claire Fu, Christopher Buckley Organizations: U.S, American Chamber of Commerce, Boeing, Bank of America, Cargill, Group, Bain & Company, Beijing, Biden, of, People, ., Center for American Studies, Peking University, “, Renmin University, U.S . State Department, Chamber of Commerce, Treasury, People’s Bank of China, Treasury Department Locations: Beijing, United States, China, American, Shanghai, U.S, States

The official said Yellen and her Chinese interlocutors had a "substantive conversation," without giving any further details. "We will take action to protect our national security when needed, and this trip presents an opportunity to communicate and avoid miscommunication or misunderstanding," Yellen wrote. U.S. firms in China hope Yellen's visit will ensure trade and commercial lanes between the two economies remain open, regardless of the temperature of geo-political tensions. "I think if there was another year of no visits by top U.S. government leaders, the market would get colder," he added. Reporting by Joe Cash, Ellen Zhang and Ryan Woo; Editing by Himani Sarkar and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Yi Gang, Liu, Yellen, interlocutors, Xi Jinping, Yellen's, Michael Hart, Joe Cash, Ellen Zhang, Ryan Woo, Himani Sarkar, Kim Coghill Organizations: . Treasury, Treasury, Twitter, American Chamber of Commerce, U.S, Thomson Locations: BEIJING, U.S, Beijing, Zurich, China

☆ Fast fashion has spawned a mountain of leftover clothes in the Chilean desert that's so massive it can now be seen clearly from space
▼ + stars: | 2023-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A gigantic heap of unused clothes in Chile is so big that a satellite can easily spot it. High resolution images of the clothing dump was posted on May 10 by satellite photo app SkyFi. Much of the landfill contains clothes that couldn't sell in stores in the US, Europe, and Asia. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. At least 39,000 tons of those clothes accumulate in landfills in the Atacama Desert, the outlet found in 2021.

☆ McDonald’s new battle over the way the Big Mac and fries are packaged
▼ + stars: | 2023-05-13 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

Reusable packaging may be next. McDonald's biggest reusable packaging changes are outside US McDonald's has made several big packaging changes in recent years, mostly coming from outside the U.S. and following governmental action. And at the end of last year, McDonald's France launched a reusable plastic food container in its signature red color – though not without initiating a new controversy over the decision to not use all glass or metal. There are many challenges that come with reusable packaging, and McDonald's has looked to highlight that as it agrees to conduct more research on the reusables economy. The economics case for reusable packagingAdvocates for reusable packaging argue that the economics will work.

☆ House lawmakers could have as few as 12 working days to raise the debt ceiling before Americans experience an economically catastrophic default
▼ + stars: | 2023-05-04 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The US could run out of money as soon as June 1, according to Treasury Secretary Janet Yellen. That leaves Congress with as few as 12 working days to act and avert economic crisis. If Congress does not raise the debt ceiling by then, the country will enter default, which would be unprecedented and economically catastrophic. The White House Council of Economic Advisers estimates that a short default would lead to the GDP shrinking by 0.6% and the country shedding half a million jobs. Even with the White House raising the alarm on the consequences of a default, some GOP lawmakers aren't too worried about Yellen's June 1 deadline.

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