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The company now expects to produce between 20,000 and 23,000 vehicles in 2023, down from 32,000 to 36,000 units projected in May. Fisker also raised its annual expenses projection to between $565 million and $640 million from $535 million to $610 million on higher selling, general and administrative costs. Electric-vehicle startups have faced supply chain issues in the past year as industry suppliers prioritize larger EV makers with proven production capacity and demand. Shares of Nikola (NKLA.O) also sank 13% on Friday after it named its fourth CEO in as many years in a bid to navigate a host of challenges including depleting cash reserves, supply chain constraints and a pivot to hydrogen fuel cell technology. Analysts expect the company to record an operating profit in the fourth quarter, according to Refinitiv data.
Persons: Henrik Fisker, Fisker, Raymond James, Akash Sriram, Sriraj Kalluvila, Anil D'Silva, Nick Zieminski Organizations: Fisker, Reuters, Nikola, Magna International, Revenue, Thomson Locations: California, Europe, United States, Austrian, Alaska, U.S, Bengaluru
CNN —Researchers have reassembled an ancient ornate necklace discovered in the grave of a child who lived in the Neolithic village of Ba’ja in what’s now southern Jordan. More than 2,500 colorful stone and shell beads were found in the grave, which was dated between 7400 and 6800 BC. In 2018, researchers discovered the grave of an 8-year-old child buried in a fetal position. Instead, researchers focused on the beads and the story they might tell about the child as well as Neolithic funerary practices. Decoding ancient meaningThe intricate design of the necklace, one of the oldest and most impressive Neolithic ornaments yet discovered, suggests the child was of high social status.
Persons: Hala Alarashi, Alice Burkhardt, Ba, It’s, ” Alarashi, Organizations: CNN —, Spanish National Research Council, University of Côte, Petra Museum Locations: Ba’ja, what’s, Jordan, Petra
Is Following Your Work Passion Overrated?
  + stars: | 2023-08-03 | by ( Alina Tugend | ) www.nytimes.com   time to read: +1 min
“We’ve been told that you can self-fulfill only through work, but people are beginning to see there are other aspects of life as important or more important than work,” said Jae Yun Kim, an assistant professor of business ethics at the Asper School of Business at the University of Manitoba. “People are beginning to treat work as work, and that’s a good sign.”Before the 1970s, passion was not a priority for job seekers, said Professor Cech, who is the author of “The Trouble With Passion: How Searching for Fulfillment at Work Fosters Inequality.” Rather, the focus was on decent pay, hours and security, and if there was fulfillment, it came later as you became more skilled at the job. But that started changing in the ’70s, with the increasing job instability of professionals and a growing cultural emphasis on self-expression and self-satisfaction, a change captured in the wildly popular 1970 book “What Color Is Your Parachute?”Notably, worrying about whether your job will fulfill you applies mostly to the privileged white-collar world. “The majority of people do not work to self-actualize,” said Simone Stolzoff, who wrote the book “The Good Enough Job: Reclaiming Life From Work.” “They work to survive.”It’s also important to consider the price you may be paying for loving your job. An article in The Journal of Personality and Social Psychology, which Professor Kim contributed to, looked at seven studies and a meta-analysis and found that passion can be used to legitimize “unfair and demeaning management practices,” including asking employees to work extra hours without pay, work on weekends and handle unrelated tasks that are not part of the job.
Persons: “ We’ve, , Jae Yun Kim, Professor Cech, , Rather, Simone Stolzoff, ” It’s, Kim Organizations: Asper School of Business, University of Manitoba,
The company has also begun offering retired workers meals at the canteen so they can share knowledge of recently re-started lines producing Soviet-era ammunition for Ukraine, he added. Jiri Hynek, president and executive director of the Defence and Security Industry Association (DSIA) of the Czech Republic, told Reuters a lack of workers could push production out of central Europe. The association, which represents more than 160 companies, said exports accounted for around 90 percent of the industry's production of weapons and military-related supplies. Of that, Hynek estimated that supplies of military equipment to Ukraine accounted for 40% of exports. PITCHING PATRIOTISMOther sectors in Poland – emerging Europe's biggest economy – and the Czech Republic have struggled in recent years to find workers: a situation that has driven up labor costs and dampened growth.
Persons: David Hac, Hac, Jiri Hynek, Hynek, Lukas Visingr, Artur Zaborek, Zaborek, Michael Kahn, Anna Koper, Daniel Flynn Organizations: Europe's, STV, Reuters, European Union, Defence and Security Industry Association, WB Group, Central, Stockholm International Peace Research Institute, Thomson Locations: PRAGUE, WARSAW, Europe, Poland, Czech Republic, Ukraine, Policka, Prague, Czech, Central Europe, Stockholm, Poland's
Fortunately, the judge assigned to the case, US District Judge Tanya Chutkan, has the necessary experience and background to oversee a public trial that is fair and respectful, especially for this defendant. She is, in fact, a judge with an ingrained commitment to defendants’ rights and one who recognizes the danger of overly aggressive prosecutors. At PDS, Chutkan rose to the top ranks and was tasked with providing the most zealous representation to her clients, regardless of the seriousness or heinous nature of the charges. Chutkan will not decide the verdict in Trump’s trial; that will be the role for a jury of his peers. Nonetheless, we believe that all Americans should accept — as we have in past instances — that this judge is pursuing fairness and justice in the courtroom.
Persons: Eric Klein, Jeremi Suri, Mack Brown, Donald Trump, Trump, Jack Smith, Tanya Chutkan, Barack Obama, Jeremi Suri Korey Howell, she’s, Chutkan, Nicola Sacco, Bartolomeo Vanzetti, Julius, Ethel Rosenberg, O.J, Simpson, George Zimmerman, Jefferson Davis, Emmett Till, Jim Crow South, Thurgood Marshall Organizations: Johnson & Klein Law, Public Defender Service, District of Columbia, Leadership, Global Affairs, University of Texas, History Department, LBJ School, CNN, Capitol, Trump, PDS, US, Office, Department of Justice, Twitter, African Locations: Boulder , Colorado, Austin, Washington , DC, Washington ,
Aug 1 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Tuesday the union was seeking ambitious benefit increases in contract talks with the Detroit Three automakers, including double-digit pay rises and defined-benefit pensions for all workers. Fain said the CEOs of the Detroit Three saw their pay rise by 40% on average over the last four years. He noted the Teamsters recently won an end to two-tiered wages in a new contract with UPS (UPS.N). We can't allow it any longer," Fain said of the demand for the same at the Detroit Three. GM said it would review the demands once they were received from the UAW on Wednesday.
Persons: Shawn Fain, Fain, Mary Barra, Stellantis, Ford, David Shepardson, Chris Reese, Jamie Freed Organizations: United Auto Workers, UAW, Detroit Three, Chrysler, General Motors, Ford, U.S, Facebook, Detroit, GM, Teamsters, UPS, Democratic, Thomson
He even created a PAC designed to get DeSantis to run for president. Now, he says DeSantis is a "very flawed candidate" who "clearly doesn't understand the game." Ron DeSantis to run for president has split with the group after shifting his stance on the candidate, according to Rolling Stone. Through his PAC, Rollins, who previously wrote that "DeSantis is as skilled a politician as he is authoritative on public policy," helped raise $1.85 million to support DeSantis. Rollins exited the PAC at a time when DeSantis is trailing Trump in Republican primary polling by 37 percentage points, according to a recent New York Times survey.
Persons: Reagan, DeSantis, Ron DeSantis, Ed Rollins, Ronald Reagan's, Ron, Donald Trump, Rollins, Rolling, they'd, Trump Organizations: Service, Republican, Florida Gov, Trump, New York Times, GOP Locations: Wall, Silicon
And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."
Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States
For example, at the same time that white supremacist authors were writing slavery apologia for student instruction, scholars like W.E.B. Du Bois were taking note of the skills and agency of enslaved Africans for a very different purpose. Continually runaway slaves are described as speaking very good English; sometimes as speaking not only English but Dutch and French. The difference between these accounts and those of the slavery apologists, however, is that Du Bois, Woodson and their contemporaries never implied or suggested that chattel slavery was anything less than a crime. Where apologists dismissed or disparaged the efforts, radical and otherwise, to end slavery, Du Bois, Woodson and others gave them pride of place in their histories and narratives about the peculiar institution.
Persons: , Du Bois, Carter G, Woodson, apologia Locations: Florida
Indian Prime Minister Narendra Modi has looked to woo American semiconductor firms to invest in his country. India's chip strategyIndia's chip strategy consists of two major parts. At SemiconIndia, the American chip firms in attendance spoke about their investments in India and announced new ones, highlighting India's focus on attracting foreign companies. Last month, Micron announced plans to set up a semiconductor assembly and testing facility in the state of Gujarat in India. The chip manufacturing tie-up between Vedanta and Foxconn reportedly relied on technology from European semiconductor firm STMicroelectronics.
Persons: Narendra Modi, Anna Moneymaker, Modi, Ajit Manocha, Jefferies, Manocha, , Mark Papermaster, Sanjay Mehrotra, Ashwini Vaishnaw, Young Liu, Foxconn, hasn't, Liu, Anil Agarwal, Pranay Kotasthane, haven't, Kotasthane Organizations: Indian, Getty Images, U.S, Micron, Cadence, Applied Materials, AMD, SemiconIndia, U.S ., Vedanta, CNBC, TV18, Takshashila Locations: U.S, Taiwan, South Korea, U.S . New Delhi, India, America, SemiconIndia, Bangalore, Gujarat, Vedanta
These formal job-training programs allow potential workers to bypass traditional requirements such as college degrees and directly enter the workforce. And that's why we've been advocating funding for training organizations or what we call apprenticeship intermediaries, to work with companies to help them get started." Last summer the White House passed the Inflation Reduction Act, which grants funding to several industries that rely heavily on skilled labor like infrastructure, manufacturing and more. As the U.S. economy faces skill shortages in a wide range of industries, these on-the-job training programs could become essential to the new American economy. Watch the video above to learn more about America's need for more highly skilled and trained employees and how the changing apprenticeship model could help fill that gap.
Persons: Robert Lerman, we've Organizations: American Health Association, National Center for Educational Statistics, Associated Builders and Contractors, Urban Institute Locations: U.S
Ron DeSantis hoped that Donald Trump's legal woes would hurt his opponent, per The New York Times. A USC political science professor told Insider that DeSantis hasn't hit Trump "hard enough." With eight months until the primaries, the public's opinion can still change — and so can Trump's legal standing. As for Trump's top challenger for the GOP nomination, Grose said DeSantis hasn't quite "hit him hard enough." Regardless, it appears like the DeSantis campaign is working hard on its reboot.
Persons: Ron DeSantis, Donald Trump's, Trump, Jack Smith, Christian Grose, Grose, DeSantis, Biden, Justice Department's, kowtowing, Anthony Fauci, Cal Jillson, Jillson, , Ronald Reagan, Bill Clinton, Donald Trump, He's Organizations: New York Times, Trump, USC, Service, GOP, Truth, University of Southern, Republican, Biden Administration, Department of Justice, Justice, CNN, Southern Methodist University, Politico Locations: Florida, Wall, Silicon, Trump, University of Southern California, DeSantis, Iowa, New Hampshire
War would also have severe consequences for China and US allies in the Western Pacific. Any war with China would be fought on multiple fronts — from the air and sea to the web and financial markets. The US maintained this capacity for decades, but America's manufacturing prowess has atrophied since the end of the Cold War. Control of the Pacific would be a crucial part of any war with China, and Beijing boasts the world's largest navy. Cash warsWhile a military conflict between the US and China is only a hypothetical, the two countries are already competing on the economic battlefield.
Persons: Joe Biden, Mark Milley, Dan Blumenthal, it's, Blumenthal, Ujian, didn't, Glenn O'Donnell, Forrester, stymie, Ann Wang, William Alan Reinsch, Reinsch, Russia —, Scott Kennedy, Kennedy, aren't, Ramping, Jake Epstein, Jacob Zinkula Organizations: US, Joint Chiefs of Staff, Armed, US Navy, American Enterprise Institute, US Department of Defense, US Marine Corps, Pentagon, Navigation Plan, Ford, Nimitz, Center for Strategic, International Studies, Beijing, Russia, Columbia University, Marine Locations: China, Western, Beijing, Pacific, Taiwan, South China, America, Nebraska, Pearl, Normandy, Mongolia, Ukraine, Russian, Nanchang, Liaoning, Shandong, Fujian, wean, Washington, United States, Japan, Philippines, Netherlands
Tokyo CNN —Japan’s population crisis is accelerating, with the number of nationals falling by more than 800,000 in the past year – echoing similar trends seen in other East Asian countries. As of January 1 this year, Japan’s total population stood at 125.4 million, including both Japanese and foreign residents, according to data released on Wednesday by Japan’s internal affairs ministry. The number of foreign residents rose by nearly 289,500 compared to the previous year – a significant increase of more than 10%. But the number of Japanese residents shrank by 800,523, marking the 14th consecutive year of contraction since a peak in 2009, said the ministry. However, due to the rise in foreign residents, the capital Tokyo saw a slight increase in overall population of all residents regardless of nationality.
Persons: Fumio Kishida, , Shinzo Abe Organizations: Tokyo CNN, CNN Locations: Tokyo, Japan, China, South Korea, Singapore, Taiwan
MELBOURNE, July 26 (Reuters) - Rio Tinto's (RIO.L), (RIO.AX) first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut. Rio, the world's biggest iron ore producer, was cautiously optimistic on China's economy over the rest of the year, CEO Jacob Stausholm said. Average realised prices for Pilbara iron ore slipped to $98.60 per wet metric ton in the first half, 11.1% below last year. The world's largest iron ore producer flagged a shortage of skilled workers in a tight labour market along with supply-chain issues. Additional reporting by Melanie Burton in Melbourne; Editing by Subhranshu Sahu and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Jacob Stausholm, Rio, Rishav Chatterjee, Archishma Iyer, Melanie Burton, Subhranshu Sahu, Christian Organizations: MELBOURNE, Alpha, Thomson Locations: Rio, Beijing, China, Pilbara, Bengaluru, Melbourne
Russia's economy could return to global markets if Ukraine joins NATO, Konstantin Sonin wrote. The Russia scholar said Kyiv's membership in the alliance would make it harder for the Kremlin to justify outsized military spending. Such rhetoric typically prioritized high military spending over economic welfare, a factor in the Soviet Union's 1991 downfall, Konstantin said. "To be sure, bringing Ukraine into NATO would not undo the damage Putin has inflicted on the Russian economy," he said. And the growth of military spending has been difficult to track because an increasingly larger portion of it has been determined a state secret.
Persons: Konstantin Sonin, Putin, Vladimir Putin, Long, Konstantin Organizations: NATO, Service, University of Chicago, Project Syndicate Locations: Ukraine, Russia, Wall, Silicon, Soviet
Thirty years ago, high school shop class seemed on track for extinction. And during the 2016-2017 school year, 98% of public school districts offered CTE to high school students, though the types of programs varied widely, according to the Department of Education. Here are two key problems in the workforce that high school CTE seeks to address:Expensive college degreesCollege was the primary postgrad pathway modeled at Rosalyn Jones' high school in New Jersey. "Definitely in high school, they pushed college first like it's kind of the only option," says Jones, 25, who attended high school from 2012 to 2016. She says her high school offered a woodshop class as a course, but she says there was no CTE requirement.
Persons: Nolan Brunn, CTE, Rosalyn Jones, Jones, Tyler Sasse Organizations: Career Tech, National Center of Education Statistics, Association for Career, Department of Education, Corps, Job Corps, The, of Public, Grant Universities, Western Welding Academy Locations: New Jersey, Anoka , Minnesota, Brunn, Wyoming
While standard hair scissors cost less than $10, high-end professional hair shears can cost over $2,000. One of the main reasons is the attention paid to the point where the two blades meet. At Naruto in Japan, 12 skilled artisans spend hours perfecting the blades of scissors that can last decades.
Locations: Japan
Fox News is facing fresh backlash after one of its hosts made comments about concentration camp victims' work skills. Greg Gutfeld said that those in the work camps with skills survived during the Holocaust — a clear simplification. "Being skilled or useful did not spare them from the horrors of the gas chambers," the Auschwitz memorial said in response. Fox News is facing a slew of backlash after one of its primetime hosts suggested that Holocaust survivors who had work skills survived in concentration camps. "We should avoid such oversimplifications in talking about this complex tragic story," the Auschwitz Memorial concluded.
Persons: Greg Gutfeld, Viktor Frankl, Gutfeld, Gutfeld's, , Andrew Bates, Abby Phillip, Michael Bornstein, Bornstein Organizations: Fox, Morning, Fox News, CNN Locations: Nazi Germany, Auschwitz, Ukraine
Every day, there have been endless questions about how the game is a replay of the 2019 World Cup final. “I think that was four years ago,” United States midfielder Rose Lavelle said on Wednesday. “I think both teams are completely different: different players, different coaches. Both the United States and the Netherlands also agree that Thursday’s game will be different. The Americans will run out a few new faces in their lineup, an injection of skill and talent that offers promise but precious little big-game experience at the World Cup.
Persons: , Rose Lavelle, , Jill Roord, , Jackie Groenen, Lavelle, Andries Jonker Organizations: , Portugal, U.S Locations: United States, Netherlands, Wellington , New Zealand, ” United, Lyon, France, Tokyo, ” Netherlands, Italy, Argentina, Sweden, Vietnam
“Would someone say about the Holocaust, for instance, that there were some benefits for Jews? In his book, Frankl detailed how people can cope with suffering and find meaning in the most horrific of circumstances. Fox News has faced criticism in recent years for giving air to extreme rhetoric. Fox News debuted its revamped prime time lineup just last week, after inexplicably firing Tucker Carlson earlier this year. The new lineup, featuring a bloc of pro-Trump hosts, features Gutfeld helming the 10 p.m.
Persons: , Adolf Hitler’s Nazi, Greg Gutfeld, ” Jessica Tarlov, “ I’m, ” Tarlov, , ” Gutfeld, Tarlov, Viktor Frankl, “ Frankl, Gutfeld, , ” Andrew Bates, ” Bates, “ Let’s, Donald Trump, Tucker Carlson Organizations: New, New York CNN, House, Fox News, White, Fox, CNN, , Defamation League, Trump Locations: New York, Auschwitz
July 25 (Reuters) - The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry's workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. The law also created a 25% investment tax credit for building new chip factories, or fabs, that is worth $24 billion. Roughly half of the future chip industry jobs will be engineers. The shortage of skilled chip workers is part of a larger shortfall of science, technology, engineering and math graduates in the U.S., according to the report.
Persons: John Neuffer, Max A, Christian Schmollinger Organizations: Semiconductor Industry Association, SIA, Oxford Economics, Commerce Department, Intel Corp, Taiwan Semiconductor Manufacturing Co, Samsung Electronics Co, Thomson Locations: U.S, KS, San Francisco
I spent years in therapy waiting for a therapist to ask me what I want. Based on my 10 years of practicing, I've found that there are nine things people want most in life:1. To be understoodWhen people's opinions of us clash with how we want to be seen, we feel alienated and isolated. "I've been so angry at life, I forgot to notice this beautiful creature I created." It's about being secure in all that you are, even the awkward, clumsy, oddball moments — especially those moments!
Persons: I've, they're, It's, I'm
China's youth unemployment problem is the root of its economic woes, according to economist Nancy Qian. That's largely due to a shortage of high-skill, high-paying jobs, which will weigh on its economy. That's largely been driven by the lack of high-skill and high-paying jobs in China's employment market, which have left many college graduates unable to find work. Meanwhile, China's economy has been slowing, with the nation seeing a disappointing economic revival since dialing back its zero-COVID policies at the start of this year. But current patterns raise profound concerns for China's economic outlook, especially considering that the government's policies for addressing them have not worked," Qian said.
Persons: Nancy Qian, That's, Qian, It's, that's Organizations: Service, Northwestern University, Project Syndicate, National Bureau of Statistics, Monetary Fund Locations: Wall, Silicon, China
“While the company’s declining revenue and profit were disappointing, its long-term growth prospects remain encouraging,” said Brady Wang, associate director at Counterpoint Research. “The short-term frenzy about the AI demand definitely cannot extrapolate for the long term. Still, the company’s earnings of 181.8 billion Taiwan dollars ($5.85 billion) for the quarter ending in June beat forecasts. “We see TSMC well-positioned for a strong growth outlook in 2024,” Goldman Sachs said in a research note. “We expect a solid 2024-onward outlook on the back of its leading position in AI chip manufacturing,” Citi Research analysts said in a note.
Persons: , Brady Wang, Mark Liu, ” Liu, ” Goldman Sachs, Organizations: Taiwan Semiconductor Manufacturing, Counterpoint Research, , ” Citi Research Locations: Arizona, Taiwan
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