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AQUIFERS AQUIFERS AQUIFERS WASH. MAINE MONT. MONITORING WELLS MONITORING WELLS MONITORING WELLS WASH. MAINE MONT. FLA. DECLINING WELLS DECLINING WELLS DECLINING WELLS WASH. MAINE MONT. FLA. UNCHARTED WATERS America Is Using Up Its Groundwater Like There’s No Tomorrow Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed. Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Note: Colors depict the median trend for each site over the previous 20 years.

☆ Billionaire CEOs said working from home made them happier. Some now want to fire workers who don't show up to the office.
▼ + stars: | 2023-08-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +14 min

AdvertisementAdvertisementThe Meta CEO told staff they could expect him to spend half of the next year working remotely. True to his word, in his first week Musk banned remote work in a 2:30 a.m email to Twitter staff. Still: Unlike some of the other wealthy CEOs on this list, Eric Yuan has always been a little skeptical of permanent remote work. Roy RochlinSalesforce CEO Marc Benioff was initially outspoken in his support for remote working. Joining the growing list of CEOs that say remote work is not conducive to productivity, Salesforce revised its work-from-anywhere strategy.

Persons: Mark Zuckerberg, Goldman Sachs, Prithwiraj Choudhury, Zuckerberg, Meta, I've, Erin Scott, Skip, Insider's Kali Hays, Hugh Langley, Evan Spiegel, Miranda Kerr, Pierre Mouton, Stringer, Spiegel, I'm, ERIC PIERMONT, Kali Hays, Jack Dorsey, PRAKASH SINGH, lockdowns, Dorsey, Elon Musk, Musk, Zoe Schiffer, hasn't, Eric Yuan, Kena, Zoom, Kelly Steckelberg, Yuan, Marc Benioff, Roy Rochlin, Salesforce, Benioff, Justin Sullivan, Kara Swisher Organizations: Service, Meta, Harvard Business School, Wall Street, Staff, CNBC, Getty, Twitter, San, New, Elon, San Francisco, Bloomberg, Zoom, Workers, MarketWatch, Smith, Yahoo Finance, Insider Locations: Wall, Silicon, San Francisco, Singapore, Silicon Valley , California

☆ Cybercrime set to threaten Canada's security, prosperity - spy agency
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsOTTAWA, Aug 28 (Reuters) - Organized cybercrime is set to pose a threat to Canada's national security and economic prosperity over the next two years, the national signal intelligence agency said on Monday. Cyber criminals continue to show resilience and an ability to innovate their business model, it said. "Organized cybercrime will very likely pose a threat to Canada's national security and economic prosperity over the next two years," said CSE, which is the Canadian equivalent of the U.S. National Security Agency. But Chris Lynam, director general of Canada's National Cybercrime Coordination Centre, said very few crimes were reported and the real amount stolen last year could easily be C$5 billion or more. Tehran likely tolerates cybercrime activities by Iran-based cyber criminals that align with the state's strategic and ideological interests, it added.

Persons: Kacper, Chris Lynam, David Ljunggren, Tomasz Janowski, Grant McCool Organizations: REUTERS, Rights OTTAWA, Communications Security, Western, U.S . National Security Agency, Coordination, Soviet Union, CSE, Thomson Locations: Russia, Iran, Canada, Moscow, Tehran

☆ China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers
▼ + stars: | 2023-08-26 | by ( Mary Hanbury | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +12 min

And rich Chinese people are leaning in, ditching "logo hunting" in favor of elegance, experts say. In a similar vein to the US and Europe – the "quiet luxury" aesthetic has emerged as a reaction to the economic climate. Chinese social media's got quiet luxury down to a sciencePeople have posted tutorials and photos on the “laoqian” style on China’s Pinterest-like site, Xiaohongshu. XiaohongshuTo be sure, there's being rich and looking rich, and the latter is where it's at on Chinese social media. WeiboSome influencers have also uploaded video tutorials on the "laoqian" style, to guide people on how best to dress for success.

Persons: that's, Dior, Gucci, Louis, Rich, Tom Wambsgan, Chukrut, you've, Javier Gonzalez Lastra, it's, Xi Jinping's, Milton Pedraza, Pedraza, media's, you'll, Richemont, Louis Vuittons, Thomaï Serdari, Joe, they're Organizations: Service, Bain, Co's, Burberry, Louis Vuitton, Getty, West, Ivy League, China Morning Post, Crazy, Luxury Institute, Twitter, NYU's Stern School of Business Locations: China, Wall, Silicon, America, bucketloads, Shanghai, Europe, Tema, Nanjing, Nikada, Beijing, Weibo

REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG/AMSTERDAM, Aug 24 (Reuters) - Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big. "At this point there is confusion and, as long as there is confusion, then there's lack of credibility and that means investors are more likely to stay away," said Seema Shah, chief global strategist at Principal Global Investors in London. Prominent examples are heavy Chinese government spending during the 2008 Global Financial Crisis and its swift intervention during the 2015 market crash. But the subsidies need to come from local governments, many of which are cash-strapped or even drowning in debt and unable to pay their civil servants. The lack of concrete stimulus measures now is prompting many China watchers to downgrade their growth estimates for the next few years.

Persons: Aly, China's, Seema Shah, Chen Zhao, Zhao, hasn't, Frederik Ducrozet, Ducrozet, Principal's Shah, Yan Wang, Xi Jinping's, we’ve, Lorraine Tan, Dhara Ranasinghe, Davide Barbuscia, Yoruk, Xie Yu, Ankur Banerjee, Tom Westbrook, Li Gu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Global, Global Investors, policymaking Politburo, Pictet Wealth Management, Local, UBS Bank, Federated Hermes, Foreigners, Asia, Morningstar, Thomson Locations: Huangpu, Shanghai, China, HONG KONG, AMSTERDAM, London, Beijing, Japan, United States, New York, Amsterdam, Hong Kong, Singapore

☆ Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar
▼ + stars: | 2023-08-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

China's Xi Jinping is in South Africa this week for the BRICS summit. Addressing the BRICS summit by video link Tuesday, Russian President Vladimir Putin took swipes at the West, and said the summit represented the "global majority." Together, they make up around 40% of the world's population, around $27.7 trillion of the global economy, and are seen to represent the so-called "Global South" of southern hemisphere nations. Taking on the dollarThere are also proposals on the table to create a BRICS currency to challenge the global dominance of the dollar. AdvertisementAdvertisementChina and Russia may have ambitious plans for the BRICS group, but realizing them still appears some distance away.

Persons: China's, Jinping, Putin, Vladimir Putin, Graeme Thompson, China Xi, Cyril Ramaphosa, PHILL MAGAKOE, Xi Jinping, Steve Tsang, Thompson, Xi, Wang Wentao, Luiz Inacio Lula da Silva, Luiz Inácio Lula da Silva Organizations: Service, Eurasia Group, South, Getty Images, US, SOAS China Institute, University of London, CNN, Russia, Anadolu Agency, Getty Locations: South Africa, China, Russia, Wall, Silicon, Johannesburg, Brazil, India, AFP, Western, Iran, Saudi Arabia, Indonesia, Ukraine, Beijing, Pacific, United States

Here are some details of the impact:* DEATHThe war has caused death on a level not seen in Europe since World War Two. The war has left nearly 500,000 troops either dead or injured, according to the New York Times. Russian Defence Minister Sergei Shoigu said on Sept. 21 that 5,937 Russian soldiers had been killed since the start of the war. When added to Crimea, which Russia annexed from Ukraine in 2014, Russia now controls about 17.5% of Ukraine, an area of about 41,000 square miles (106,000 square km). Shortly after Russia's invasion of Ukraine, international oil prices spiked to their highest levels since the records of 2008.

Persons: Chasiv Yar, Violeta Santos Moura, Sergei Shoigu, Julie Kozack, William Burns, Putin, Guy Faulconbridge, Philippa Fletcher Organizations: REUTERS, United Nations, Human Rights, New York Times, Russian, Reuters, Belfer, Harvard Kennedy School, International Monetary Fund, CIA, European Union, Kiel Institute, Thomson Locations: Chasiv, Ukraine, Donetsk, Europe, United States, Ukraine's, Russia, Crimea, Russian, UNHCR, UKRAINE Russia, Massachusetts , New Hampshire, Connecticut, wastelands, RUSSIA, Moscow, China, Saudi Arabia, Britain, Germany, Japan

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.

Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore

SYDNEY, Aug 21 (Reuters) - Australia's economy is projected to grow more slowly over the next 40 years as an aging population and slower population growth shrink the workforce, according to long-range economic forecasts set to be published by the government on Thursday. The economy is expected to be around 2.5 times larger in real terms 40 years hence. The report, part of a series which periodically examines how trends in demography or technology will affect Australia's economy, will also flag a changing tax base. Fuel and tobacco excise taxes are expected to fall as people quit smoking and switch to electric cars, while taxes on companies and goods and services will track the growth slowdown. Income taxes will increase as a share of the economy and total tax receipts are expected to hit 24.4% of GDP in fiscal 2034.

Persons: Jim Chalmers, Lewis Jackson, Sharon Singleton Organizations: SYDNEY, Reuters, Thomson

☆ South Korea will cooperate more with US, Japan if North's threats continue
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSEOUL, Aug 21 (Reuters) - South Korean President Yoon Suk Yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase. The summit at the Camp David presidential retreat was the first standalone meeting between the U.S. and Japan and South Korea, as they seek to project unity in the face of China's growing power and nuclear threats from North Korea. Yoon said the trilateral cooperation did not exclude other countries, and that it would contribute to freedom, peace and prosperity in the region and the world. Reporting by Soo-hyang Choi, Ju-min Park and Jihoon Lee; Editing by Christian Schmollinger and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, Yoon Suk Yeol, Yoon, Soo, hyang Choi, Jihoon Lee, Christian Schmollinger, Stephen Coates Organizations: Japanese, South, REUTERS, Rights, U.S, Camp, Thomson Locations: Camp, Thurmont , Maryland, U.S, Rights SEOUL, United States, Japan, South Korea, Britain, Australia, India, North Korea

☆ China launches drills in angry response to Taiwan vice president's trip to U.S.
▼ + stars: | 2023-08-19 | by ( ) www.cnbc.com time to read: +4 min

The U.S. says it's closely monitoring China's drills around Taiwan after Beijing began three days of military exercises around the island. Greg Baker | AFP | Getty ImagesChina launched military drills around Taiwan on Saturday as a "serious warning" to separatist forces in an angry but widely expected response to Vice President William Lai's visit to the United States, drawing condemnation from Taipei. Taiwan's government strongly condemned the drills, with the defense ministry saying it had the ability, determination, and confidence to ensure national security. "The Republic of China, Taiwan, is a sovereign country and has a legitimate and legal right to conduct normal diplomatic interactions with friendly countries," it added in a statement, using the island's formal name. Taiwan's defense ministry released a short video of undated footage showing Taiwanese forces at sea, on city streets and across the countryside.

Persons: Greg Baker, William Lai's, Joseph Wu, Joe Biden Organizations: PLA Navy, Beijing, AFP, Getty Images China, Eastern Theatre Command, Mainland Affairs Council, U.S, Taiwan Locations: Taiwan, China's, Fujian, U.S, United States, Taipei . Lai, Paraguay, China, Beijing, Republic of China, South Korea, Japan

☆ Biden, Kishida, Yoon at historic Camp David summit
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg Acquire Licensing RightsAug 18 (Reuters) - After meeting at Camp David on Friday, U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol spoke to reporters from all three countries for about an hour, delivering prepared remarks and answering questions. This is a new era of partnership between Japan and the Republic of Korea and the United States." JAPANESE PRIME MINISTER FUMIO KISHIDA"This has been a precious opportunity for myself to further deepen the relationship of trust and confidence." Speaking of Camp David: "It is a huge honor to have printed a fresh page in its history with this meeting."

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, JOE BIDEN, Peter the Great, David, YOON SUK, Trevor Hunnicutt, Hyonhee Shin, Eric Beech, Heather Timmons, Grant McCool Organizations: Japanese, South, REUTERS, Camp, South China, ASEAN, Pacific, SOUTH, IAEA, Thomson Locations: Camp, Thurmont , Maryland, U.S, Japan, Republic of Korea, United States, Korea, Ukraine, China, Taiwan, East, South, North Korea

☆ Chile's Codelco at risk of insolvency as debt grows, CESCO report says
▼ + stars: | 2023-08-17 | by ( Julian Luk | ) www.reuters.com time to read: +4 min

REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters) - Chile's Codelco, the world's largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chile’s Centre for Copper and Mining Studies (CESCO) said in a report seen by Reuters. At the heart of Chile's mining industry, Codelco needs to revive it's copper production from a 25-year low. "Codelco has explained...it will not redirect its focus from copper production or divert resources from other areas," Codelco said in an emailed response. Codelco's production in the first half of 2023 was 633,000 metric tons of copper, the lowest in 25 years. Over the past five years, its copper production has dropped 17% and is expected to keep falling until 2025.

Persons: Ivan Alvarado, Codelco, Andre Sougarret, Sougarret, CESCO, Julian Luk, Fabian Cambero, Pratima Desai, Veronica Brown, Kirsten Donovan Organizations: REUTERS, for Copper, Mining Studies, Reuters, Codelco, Thomson Locations: Santiago, Chile

The one unanimous conclusion they came to was that Beijing wants a greater state presence in these sectors. Kroeber says the crackdowns are about "defining what the state does, what the private sector does, and creating a more limited sandbox for the private sector to play in." That has left investors now picking the state over the private sector. The CCP's July Politburo meeting reinforced the message, with the top policymaking body pledging to put a floor under the property sector, help indebted local governments heal and boost consumer demand. Huang Yan, general manager of private fund manager Shanghai QiuYang Capital Co, said Beijing will crack down on any sector seen as increasing people's economic burden.

Persons: Aly, Jack, Arthur Kroeber, Kroeber, Zhang Kexing, Xi Jinping, Mao Zedong's, Thomas Masi, Masi, Xi, Nuno Fernandes, Fernandes, Huang Yan, Huang, Kumar Pandit, Pandit, Jason Xue, Ankur Banerjee, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Rights, Ant Group, CSI Medical Services, Beijing Tongrentang, HK, Poly, Beijing Gelei Asset Management, Communist Party's, Investors, Mao Zedong's Marxist, Boston, K Investment Management, Shanghai QiuYang, Somerset Capital, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONGKONG, Beijing, New York, London, Singapore

☆ Former U.S. officials urge Congress to enhance Biden's China investment order
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - A bipartisan group of former senior U.S. national security officials urged Congress on Wednesday to dedicate resources to President Joe Biden's recent order restricting some outbound U.S. investment to China, calling it a top priority. The further development of outbound investment transparency and review should be "among your top foreign policy priorities", they wrote, calling it essential that Congress commit resources to implementation. Biden's order, issued last week but expected to be implemented next year, is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security. Peter Harrell, a former Biden National Security Council official, and former commanders of the U.S. Indo-Pacific Command Harry Harris and Philip Davidson, were among the other officials who endorsed the letter. China has said it is "gravely concerned" by the order, though some U.S. lawmakers have criticized it as having too many loopholes.

Persons: Janet Yellen, Mark Schiefelbein, Joe Biden's, Trump, Matt Pottinger, Colin Kahl, –, aren't, Chuck Schumer, Kevin McCarthy, Peter Harrell, Pacific Command Harry Harris, Philip Davidson, Michael Martina, Sharon Singleton Organizations: Rights, U.S, Reuters, Democratic, Republican, Treasury, Biden National Security Council, Pacific Command, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S

REUTERS/Thomas Peter/Files Acquire Licensing RightsLONDON, Aug 16 (Reuters) - China's top energy official has called for more secrecy in the country’s energy sector to protect national security in an increasingly hostile international environment. U.S. officials are keen to play down analogies between the intensifying strategic rivalry between China and the United States and the Cold War between the United States and the Soviet Union. The result is likely to be a more suspicious and cautious approach to cooperation on energy issues including emissions reductions. He warned about the increasing information security risks posed by smart phones, social media and hacking. Zhang called for “sober awareness” of these challenges and correct handling of the relationship between energy supply and energy security.

Persons: Thomas Peter, ” Zhang Jianhua, Zhang, Xi Jinping, John Kemp, Tomasz Janowski Organizations: REUTERS, National Energy Administration, Energy, Thomson, Reuters Locations: Wu'an, Hebei province, China, United States, Soviet Union, Ukraine

This change in location brought about a change in how I viewed homeownership from "necessary" to "not right now." Before purchasing a home, ask yourself if you are ready and can handle the ups and down of homeownership. At the time, I was living in Washington, D.C. and there, the focus was definitely on buying a home. Moving into an apartment in New York where I don't have to lift a finger has changed my perspective on that part of owning a home. I feel better prepared for next time and when I do buy again — and I will — I know I'll be ready.

Persons: I'd, Will homeownership Organizations: Service Locations: New York, Wall, Silicon, Washington ,, Charleston, New York City

☆ South Korea's Yoon says summit with US, Japan a milestone in trilateral ties
▼ + stars: | 2023-08-15 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

[1/2] South Korean President Yoon Suk Yeol delivers a speech during a ceremony to celebrate the 78th anniversary of the Korean Liberation Day from Japanese colonial rule in 1945, in Seoul, South Korea, Tuesday, Aug. 15, 2023. Lee Jin-man/Pool via REUTERSSEOUL, Aug 15 (Reuters) - South Korean President Yoon Suk Yeol said on Tuesday that an upcoming summit with the leaders of the United States and Japan will set a new milestone in trilateral cooperation in the face of North Korea's evolving nuclear and missile threats. The summit "will set a new milestone in trilateral cooperation contributing to peace and prosperity on the Korean Peninsula and in the Indo Pacific region," Yoon said. Japan says the issue was resolved under a 1965 treaty that normalised relations, but the strained ties have hindered U.S.-led efforts to bolster trilateral cooperation to curb North Korea's weapons programs. Yoon has taken steps to compensate the victims with South Korean money, instead of Japanese funds, and visited Tokyo in March in the first such trip by a South Korean leader in 12 years.

Persons: Yoon Suk, Lee Jin, Yoon Suk Yeol, Yoon, Joe Biden, Fumio Kishida, Camp David, Kim Jong Un, Vladimir Putin, Kim, KCNA, Hyonhee Shin, Ed Davies Organizations: South, Korean, REUTERS, Washington, U.S, Japanese, Camp, North, United, Thomson Locations: South Korean, Seoul, South Korea, REUTERS SEOUL, United States, Japan, Tokyo, Indo Pacific, Maryland, Korea, China, Russia, Washington, North Korea, Russian, Ukraine, Pyongyang, Moscow

Latvia's Prime Minister Krisjanis Karins addresses the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Henry Nicholls/Pool via REUTERSRIGA, Aug 14 (Reuters) - Latvian Prime Minister Krisjanis Karins announced his resignation on Monday, blaming a breakdown in relations with parts of his multi-party governing government. Karins' New Unity party plans to select its candidate for prime minister on Wednesday, he said. President Edgars Rinkevics has responsibility for giving a mandate to a new prime minister to try to form a government. Latvia's next parliamentary election is scheduled for 2026.

Persons: Krisjanis Karins, Henry Nicholls, Karins, Aivars Lembergs, Edgars Rinkevics, Latvia's, Janis Laizans, Andrius, Terje Solsvik, John Stonestreet Organizations: Latvia's, Conference, REUTERS, Latvian, European Union, NATO, Unity, National Alliance, Progressives, Greens, Farmers Union, Thomson Locations: Ukraine, London, Britain, REUTERS RIGA, Lithuania, Estonia, Latvia, Russia, Ventspils

☆ Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

A man rides his bicycle across the street under the Guomao bridge at the Central Business District in Beijing, China, October 19, 2015. Bank of China didn't immediately reply to a Reuters' request for comment. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC) (3908.HK). Two of the sources said the bank had finished implementing the plan at its headquarters in the first half of the year. A third source said the bank's Shanghai branch staff last week received notice that the bank would be reducing pay gaps there.

Persons: Jason Lee, Xi Jinping, Bank of China didn't, Ziyi Tang, Rong Ma, Ryan Woo, Hugh Lawson Organizations: Central Business District, REUTERS, Bank of China Ltd, Communist Party, Bank of, China International Capital Corp, HK, of, Central Commission, Inspection, Shanghai, Thomson Locations: Beijing, China, BEIJING, Bank of China, of China, Shanghai

MOSCOW, Aug 10 (Reuters) - In Vladimir Putin's Russia, the Kremlin even writes the history textbooks. Kremlin aide Vladimir Medinsky has published four history textbooks for 16- to 18-year-old schoolchildren giving a completely revised interpretation of the fall of the Soviet Union, the Putin era and the causes of the Ukraine war. The final chapter of the 447-page "History of Russia 1945 - the start of 21st Century" focuses on the causes of the biggest land war in Europe since World War Two - the Ukraine war that has left several hundred thousand soldiers injured or dead. "This is propaganda - it’s not a textbook," Mikhail Kopitsa, a Russian history teacher who left Russia after the Russian invasion of Ukraine, told Reuters of the book. It ends with small biographies of some of the Russians who have fallen in the Ukraine war - which it does not call a war.

Persons: Vladimir Putin's, Vladimir Medinsky, Putin, Josef Stalin, Mikhail Kopitsa, Anatoly Torkunov, Napoleon Bonaparte, Guy Faulconbridge, Nick Macfie Organizations: KGB, Reuters, Kremlin, NATO, West, Moscow State Institute of International Relations, Continental, Britain, Thomson Locations: MOSCOW, Vladimir Putin's Russia, Soviet Union, Ukraine, Soviet, Russia, Europe, United States, Russian, Moscow, The, Georgia, Montenegro, Ukrainian, Ukraine's, Crimea

Known for offering little to no interest, savings account interest rates have greatly increased as the Federal Reserve raised interest rates several times in 2022 and 2023 to combat inflation. The average savings account interest rate in the US is 0.42% APY, but the account you choose has a big impact on that rate. If you opened a savings account years ago and never looked again, it's likely you're not earning nearly as much as you could. I have my own version of a savings ladder using three savings accounts: an emergency fund, a high-yield savings account, and a savings account for a down payment on a home. Products in this post: Betterment Cash Reserve Account, OceanFirst Bank High Yield Savings Account, Milli Savings Account, SoFi Checking and SavingsJennifer Streaks Senior Personal Finance Reporter and Spokesperson Jennifer is a Senior Personal Finance Reporter and Spokesperson for the Personal Finance vertical at Business Insider.

Persons: it's, aren't, Jennifer, Read Organizations: Federal Reserve, Products, OceanFirst, Business, Black Enterprise Magazine, CNBC, Forbes, Twitter Locations: Santander, Investor.gov

☆ I've lived in Midland, Texas, most of my life. An oil boom has lured millennials like me looking for high-paying jobs.
▼ + stars: | 2023-08-09 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Jacobe Kendrick, 39, grew up in Midland, Texas, and is now working as a real-estate agent there. He has seen Midland transform as high-paying jobs lure thousands of millennials to the desert city. The city is located in the Permian Basin, which is one of the top producers of oil in the world. Most of my clients are millennials who are jump-starting their livesA large segment of my clients are millennials. For me personally, I chose to raise my family in Midland because I know what the people here stand for.

Persons: Jacobe Kendrick, Kendrick, millennials, I'm Jacobe Kendrick, I'm, It's, haven't, They're, I've, They've, Alcynna Lloyd, homebuyers Organizations: Service, eXp Realty, Blacks, Air Force Academy, Kendrick, Midland Locations: Midland , Texas, Wall, Silicon, Midland ., America, Midland

☆ What does Moody’s downgrade mean for markets?
▼ + stars: | 2023-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Moody’s on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions. Some investors say that while the Moody’s downgrade isn’t groundbreaking, it’s a reminder that the economy, and markets, still have challenges ahead. Moody’s downgraded Commerce Bank, BOK Financial, M&T Bank, Old National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial and Associated Bank. Wall Street firms fined $549 million for using WhatsApp and other channelsWells Fargo is among a number of Wall Street firms that admitted Tuesday to using WhatsApp, Signal and other messaging platforms for “off-channel” communications in violation of federal recordkeeping requirements. The Securities and Exchange Commission said the Wall Street firms acknowledged wrongdoing and have agreed to pay penalties totaling $289 million, reports my colleague Matt Egan.

Persons: CNN — Moody’s, JPMorgan Chase, Wells, Goldman Sachs, BNY, Cullen, Frost, ” Moody’s, ”, Kara Murphy, Fitch, Christopher Marinac, Janney Montgomery Scott, Price, Matt Egan, Houlihan Lokey, Alicia Wallace Organizations: CNN Business, Bell, CNN, Bank, Dow Jones, Nasdaq, JPMorgan, Banking, BNY Mellon, Northern Trust, Frost Bankers, Truist Financial, US Bank, Moody’s, Commerce Bank, BOK, T Bank, National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial, Associated Bank, PNC Financial Services, Financial, Citizens Financial, Fifth Third Bank, Huntington Bank, Regions Financial, Cadence Bank, FNB Corp, Simmons, Ally Financial, Bank OZK, Valley Bank, Signature Bank, Federal Reserve, Kestra Investment Management, Consumer, Wall Street, Securities, Exchange Commission, SEC, BNP, SG Americas, BMO Capital Markets, Mizuho Securities, SMBC Nikko Securities, Federal Reserve Bank of New Locations: Wells Fargo, Amarillo, Marinac, Wells, SMBC Nikko Securities America, WhatsApp, Federal Reserve Bank of New York, York

Moody's cut the ratings of 10 U.S. banks by one notch and placed some banking giants on review for potential downgrades. The downgraded banks include M&T Bank (MTB.N), Pinnacle Financial Partners (PNFP.O), Prosperity Bank and BOK Financial Corp (BOKF.O). The banks placed on review for downgrade include BNY Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N). Moody's changed its outlook to negative from stable for Capital One (COF.N), Citizens Financial (CFG.N) and Fifth Third Bancorp (FITB.O), among others. The ratings agency also affirmed the ratings of PNC Financial Services Group (PNC.N), Citizens, and Huntington Bancshares (HBAN.O) alongside other banks.

Persons: Moody's, BNY Mellon, Huntington, Juby Babu, Muralikumar Anantharaman Organizations: Moody's Corporation, T Bank, Pinnacle Financial Partners, Prosperity Bank, BOK Financial Corp, BNY, US Bancorp, Truist, Silicon Valley Bank, Signature Bank, Citizens, Fifth Third Bancorp, PNC Financial Services, Thomson Locations: Manhattan , New York, U.S, Silicon, Bengaluru

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