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☆ India's jobless rate rises to 16-month high of 8.30% in Dec - CMIE
▼ + stars: | 2023-01-01 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

NEW DELHI, Jan 1 (Reuters) - India's unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed. "Most importantly, the employment rate has increased in December to 37.1%, which again is the highest since January 2022," he told Reuters. The unemployment rate had declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter, according to separate quarterly data compiled by state run National Statistical Office (NSO) and released in November. In December, the unemployment rate rose to 37.4% in the northern state of Haryana, followed by 28.5% in Rajasthan and 20.8% in Delhi, CMIE data showed.

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. FTX founder Sam Bankman-Fried will be released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Judge Gabriel Gorenstein said Bankman-Fried would require "strict" supervision following his release to his parents' home in California. Bernie Madoff posted a $10 million bond while awaiting trial on his multibillion-dollar Ponzi scheme. Jeff Skilling, former Enron CEO, posted a $5 million bond, while Elizabeth Holmes, Theranos founder, posted a scant $500,000.

☆ New teaching technologies help train tomorrow's top talent
▼ + stars: | 2022-12-20 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +3 min

Experiential programs like hackathons and accessible technologies like virtual reality are creating more opportunities to deliver richer learning to more students. One example of new teaching technologies is in IBM's work with Historically Black Colleges and Universities (HBCUs). We are collaborating with 20 HBCUs to bring new technical training opportunities to students and co-create cybersecurity training centers. From early pilots of virtual reality teaching, to innovation challenges, students are benefitting from access to cutting-edge technologies and multi-disciplinary collaboration. In 2023, we're excited to explore new experiential learning technologies and help tackle the skills shortage.

Bankman-Fried initially had said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision, citing a source. Bankman-Fried's defense lawyer however told Magistrate Shaka Serville that he does not know why Bankman-Fried was brought to court this morning. LONG ROAD TO EVENTUAL TRIAL[1/7] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried arrives at the Magistrate Court building in Nassau, Bahamas December 19, 2022. REUTERS/Dante Carrer 1 2 3 4 5Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly.

Dec 19 (Reuters) - Sam Bankman-Fried, founder of now-bankrupt crypto exchange FTX, is expected to appear in court in the Bahamas on Monday and agree to be extradited to the United States, where he faces fraud charges. Bankman-Fried initially said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision. Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly. Any trial of Bankman-Fried is likely more than a year away, legal experts told Reuters.

☆ VCs say AI in the classroom and tech meant to help students who've fallen behind will be among the top edtech trends in 2023
▼ + stars: | 2022-12-19 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

In fact, annual venture-capital funding to edtech startups has more than tripled since 2019, according to PitchBook data. That increased nearly threefold in 2020, to $14.1 billion, and then reached a record total in 2021 with $16.8 billion, PitchBook found. PitchBook estimates that edtech funding in 2022 stood at $8.4 billion as of December 15, as schools reopening led to less need for virtual teaching tools. Edtech startups across all sectors tend to be countercyclical compared with the economy at large, according to Amit Patel, a managing director at Owl Ventures. Here are the top four edtech trends to watch in 2023, according to top edtech investors.

WASHINGTON — The Supreme Court on Monday questioned whether an ex-aide to former New York Gov. Andrew Cuomo was lawfully convicted on a bribery charge as it considered narrowing the scope of a federal law aimed at curbing public corruption. Percoco says that because he was not working for the government at the time, he had no duty to provide honest services. The court on Monday is also hearing a second case arising from the same New York corruption investigation. Several others targeted in the investigation, including Aiello, have their own appeals pending at the Supreme Court.

☆ 22-year-old shares nightmare of getting scammed by a fake job: 'I went from excited to devastated in a month'
▼ + stars: | 2022-09-18 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Callie Heim, 22, went viral on TikTok for sharing how she got scammed by a fake job listing. Callie Heim was thrilled to start her marketing job with Waymo, the buzzy self-driving car company, earlier this summer. Heim had been scammed by a fake job listing. She was invited to a phone interview the next day, where the interviewer said the job would entail getting a computer and phone to do her job remotely. In reality, this is what's known as a fake check scam, where scammers hope you'll send them money and "reimburse" you with a bad check.

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