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☆ Ray Dalio explains why the surging Treasury yields crushing stocks still have further to run — and details how investors should approach the AI trade
▼ + stars: | 2023-10-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Ray Dalio says the primary source of pain for stocks is going to get worse before it improves. Surging Treasury yields have been a major headwind for equities, which have seen their appeal dented by the ever-rising risk-free return offered to bond investors. "We sit at a moment in those bonds that it would seem like something like a 5% rate," Dalio said. That means high yields are bad news for economic growth, he noted. As for AI, Dalio sees a "super huge" impact, although he's wary of a speculative bubble former.

Persons: Ray Dalio, Dalio, Goldman Sachs Organizations: Treasury, Greenwich Economic, Federal Locations: Greenwich, Central

☆ FDA authorizes updated Novavax Covid vaccine as Pfizer, Moderna shots roll out in U.S.
▼ + stars: | 2023-10-03 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

"In the coming days, individuals in the U.S. can go to major pharmacies, physicians' offices, clinics and various government entities to receive an updated Novavax vaccine." Last month, the FDA and CDC greenlit XBB.1.5 shots from Pfizer and Moderna for all Americans ages six months and older. The end of that declaration means all three manufacturers will sell their updated shots directly to health-care providers and vie for commercial market share. That includes the Biden administration's Bridge Access Program, which will provide Covid vaccines at no cost to underinsured and uninsured people. It's unclear how many Americans will actually roll up their sleeves and take the new vaccines from Novavax, Pfizer and Moderna.

Persons: Novavax, John Jacobs, fends, Demetre Daskalakis, Biden, it's, Eris, Megan Wallace Organizations: Drug Administration, Pfizer, Moderna, Centers for Disease Control, Covid, FDA, CDC, EG, Biden Locations: U.S, Novavax

☆ Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch
▼ + stars: | 2023-09-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

In 2020, Beijing tried to rein in real estate developers' high reliance on debt with new restrictions on financing. "The decline in the real estate sector was the result of the government's intentional measures to correct the bubbles in the market," Yao said. But he and other economists mostly don't expect real estate to return to significant growth in the future. Morgan StanleyThis week, worries about China's real estate sector persisted with highly indebted Evergrande running into more liquidity problems — along with reports Wednesday its chairman has been put under surveillance. This month, weekly data from Nomura indicate the real estate sales slump has moderated.

Persons: Stringer, Yao Yang, Yao, Dan Wang, Morgan Stanley, Clifford Lau, William Blair, China's, Robin Xing, there's, Bruce Pang, Pang doesn't Organizations: Afp, Getty, National School of Development, Peking University, Hang, China Center for Economic Research, Communist Party, Financial Work, Communist Party of, Nomura, CNBC Locations: Chongqing, China, BEIJING, Covid, Beijing, Shanghai, Hang Seng China, Communist Party of China, JLL

☆ European castles, private chefs, and a startup school: These families are ditching the US to live the American dream abroad
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.

Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, —, Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco

☆ Meet the families who are ditching America to travel abroad as digital nomads
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

☆ Feeling lonely? Go to the library.
▼ + stars: | 2023-09-24 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +12 min

And it's becoming clearer just how important "third places" — spaces for socializing outside of work and home — are. Wood, who thinks libraries are "one of the last true third places," explained that there are a range of spaces in her library. Abrams said he regularly drops by the New York Public Library just to pick up sticky buns from Amy's Bread, a bakery with an outpost in the library. Eliza Relman/InsiderIn Boston, for instance, the Boston Public Library is thriving, Gregor Smart, the head of the Kirstein Business Library and Innovation Center at BPL, said. Covid taught the library the need for things like Macs with webcams, for instance, so library goers can hop on Zoom or do job interviews.

Persons: Stephanie Garcia, Emily Dickinson, Willa Cather, Garcia, Eliza Relman, Carla Hayden, We're, Brittany Simmons, who's, TikTok, Simmons, —, Brooks Rainwater, it's, Emma Wood, That's, we're, Katie Davidovich, — we've, Davidovich, Tim Peters, Peters, Wood, Samuel Abrams, Abrams, hasn't, Rainwater, Gregor Smart, Smart, Covid Organizations: Service, of Congress, of Labor, Library of Congress, DC, Congress, Urban Libraries Council, University of Massachusetts Dartmouth, Capitol, College, Central Michigan University, American Enterprise Institute, New York Public, Public, Boston, Boston Public Library, Business, Innovation, BPL Locations: Wall, Silicon, Washington ,, New York, Capitol Hill, Canada

The only other U.S. high-speed line is Amtrak's Acela service between Boston and Washington, D.C., which began in 2000. Brightline began planning in 2012. A 2018 partnership with Richard Branson's Virgin Group to rebrand Brightline as Virgin Trains USA quickly soured. According to the lawsuit, Brightline says Virgin “ceased to constitute a brand of international high repute, largely because of matters related to the pandemic." He said Brightline’s accommodations “compare really well to some of the best trains” he’s taken in Europe, where high-speed rail between cities is common.

Persons: Florida's Brightline, It's, Mike Reininger, John Renne, Brightline, ” Renne, Richard Branson's, Virgin “, hasn’t, Eric Flowers, ”, ” Brightline, Reininger, ” Reininger, Robert Barr, You’ve, Barr Organizations: MIAMI, Fortress Investment, West Palm Beach, D.C, Amtrak, Florida Atlantic University's Center for Urban, Environmental Solutions, Miami -, Richard Branson's Virgin Group, Virgin Trains USA, Virgin, Orlando Locations: United States, Miami, Orlando, West Palm, Southern California, Las Vegas, Boston, Washington, Florida, Tampa, Jacksonville, Miami - Orlando, London, U.S, West, County, We’re, Vero, Brightline’s Miami, South, Florida’s, Europe

☆ U.S. will again offer free at-home Covid tests starting Monday
▼ + stars: | 2023-09-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The Biden administration on Wednesday said it will resume offering free at-home Covid tests to American households Monday as the virus gains a stronger foothold nationwide. Americans will soon be able to use COVIDtests.gov to request four free tests, the administration said in a release. But the Biden administration noted that the at-home tests set to be delivered will detect currently circulating Covid variants. The end of that declaration also changed how public and private insurers cover at-home tests, potentially leaving some people unable to get those tests for free through their plans. But certain local health clinics and community sites still offer at-home tests to the public at no cost.

Persons: Biden, hospitalizations, Xavier Becerra Organizations: Human Services Locations: Manhattan, New York City

☆ Uninsured Americans can still get free Covid boosters — here's how to find them
▼ + stars: | 2023-09-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Uninsured Americans can now get the newest Covid vaccines for free at certain locations across the country, just days after U.S. regulators greenlit those shots for most people. That filter specifically shows locations participating in the Biden administration's Bridge Access Program, which will provide free Covid vaccines and treatments to uninsured people through December 2024. The Bridge Access Program aims to maintain broad access to Covid products after a big shift in how the U.S. covers them. Previously, the federal government purchased Covid vaccines directly from manufacturers at a discount to distribute to all Americans for free. Meanwhile, the Bridge Access Program is aiming to fill the gap for the estimated 30 million uninsured Americans.

Organizations: Pfizer, Moderna, Centers for Disease Control, Walgreens, Biden Locations: U.S

The COVID-19 omicron subvariant EG.5 – unofficially nicknamed “eris” – was responsible for about 1 in 4 new coronavirus infections in recent weeks, according to data from the Centers for Disease Control and Prevention. It’s the highest prevalence for any coronavirus strain, though omicron subvariant FL.1.5.1 is quickly rising behind it, according to CDC data. While the variant scene continues to shift in the U.S., the CDC on Thursday released its respiratory disease season outlook for COVID-19, influenza and respiratory syncytial virus, or RSV. There is also a possibility that hospitalizations will surpass last year’s level and cause strain on health care facilities should a new coronavirus variant arise. COVID-19 by itself is unlikely to cause large waves of severe disease and hospitalizations because of widespread immunity to the coronavirus from prior infections, vaccinations or both, according to the CDC.

Persons: ” –, ” Organizations: subvariant EG, Centers for Disease Control, CDC Locations: U.S

☆ New Covid boosters could reach Americans as soon as Thursday – here's what you need to know
▼ + stars: | 2023-09-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +9 min

Brian Cassella | Tribune News Service | Getty ImagesA new round of Covid vaccines is finally here in the U.S. Meanwhile, the FDA is still reviewing a third updated vaccine from Novavax for people ages 12 and up. Here's everything you need to know about the updated Covid vaccines, from where to find them, whether you can get them for free and when to get them. The agency's website outlines more specific guidelines for staying up to date on Covid vaccines, which differ depending on age group and risk level. Kroger Americans will soon be able to use the federal website vaccines.gov to find other locations offering the updated Covid shots, according to a CDC spokesperson.

Persons: Brian Cassella, Covid, Biden, Megan Wallace, they've, Brian Snyder, vaccines.gov, Evelyn Twentyman, Will, Moderna's, Twentyman, Taison Bell, Bell, CDC's Wallace, Wallace Organizations: Pfizer, Tribune, Service, U.S, The, Disease Control, Moderna, Food and Drug Administration, CDC, FDA, Walgreens, CNBC, WALGREENS, CVS Albertsons, Kroger, Manufacturers, CVS, University of Virginia Health, Younger Locations: Chatham , Illinois, U.S, Covid, Somerville , Massachusetts

☆ After Birkenstock's 'Barbie' bump, iconic footwear brand seeks a big part in IPO market
▼ + stars: | 2023-09-13 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.

Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S

☆ COVID vaccine manufacturers set list price between $120-$130 per dose
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A patient receives their coronavirus disease (COVID-19) vaccine booster during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, U.S., September 29, 2021. REUTERS/Emily Elconin/File photo Acquire Licensing RightsCompanies BioNTech SE FollowModerna Inc FollowNovavax Inc Follow Show more companiesSept 12 (Reuters) - U.S. COVID vaccine manufacturers set list prices for their shots between $120 and $130 per dose, company executives said at an advisory panel meeting of U.S. Centers for Disease Control and Prevention on Tuesday. Pfizer (PFE.N) and German partner BioNTech (22UAy.DE) set the list price at $120 per dose, while Moderna (MRNA.O) said the list price for its shot is $129 per dose, for their respective COVID vaccines. Novavax (NVAX.O) said the list price for its COVID vaccine was $130 per dose. Reporting by Bhanvi Satija and Sriparna Roy in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Emily Elconin, BioNTech, Bhanvi Satija, Sriparna Roy, Shounak Dasgupta Organizations: Pfizer, REUTERS, U.S . Centers for Disease Control, Moderna, Thomson Locations: Southfield , Michigan, U.S, Bengaluru

☆ Britain’s Rishi Sunak has a month to shake his party from its slumber. If he fails, the next election could already be over
▼ + stars: | 2023-09-09 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

London CNN —Rishi Sunak has just under a month to answer the most critical question he faces as British Prime Minister: why does his Conservative Party deserve another five years in power at the next election? They trail the opposition Labour Party in the polls and there is a distinct stench of a party nearing the end of its time in office lingering in the air. UK Prime Minister Rishi Sunak gives an update on the progress made since he introduced the Illegal Migration Bill, under his plans to "stop the boats," on June 5, 2023 in Dover, England. Unfortunately for the prime minister, his own MPs are divided on even that question. As the UK’s finance minister, Sunak won praise for the financial support he offered people who could not work during lockdowns.

Persons: Rishi Sunak, Sunak, Yui Mok, Ben Stansall, ”, Labour Party’s Keir Starmer, Starmer, “, Chris J Ratcliffe, Covid, Rob Ford, ” Ford Organizations: London CNN, Conservative Party, Conservative, Labour Party, Police, Bibby, Getty, Labour, Commons, Conservatives, CNN, That’s, University of Manchester Locations: Manchester, England, United Kingdom, Dover , England, Britain’s, Birmingham, Bibby Stockholm, AFP, London

Nicknamed "Pirola" on social media, the BA.2.86 Omicron subvariant is being tracked by both the World Health Organization (WHO) and the U.S. Centers for Disease Control and Prevention (CDC). As of Aug. 30, CDC said the BA.2.86 variant was detected in at least four U.S. states in people or wastewater. Delaware on Tuesday said it had detected a BA.2.86 infection at a hospital. Moderna on Wednesday said clinical data showed that its retooled COVID vaccine generated a nearly 9-fold increase in human antibodies that can neutralize BA.2.86. Pfizer said on Wednesday that its updated COVID shot showed neutralizing activity against BA.2.86 and EG.5 in studies conducted on mice.

Persons: Emily Elconin, David Dowdy, Dowdy, Dan Barouch, David Ho, Deena Beasley, Julie Steenhuysen, Bill Berkrot Organizations: REUTERS, Moderna, Pfizer, World Health Organization, WHO, U.S . Centers for Disease Control, Prevention, CDC, EG, Omicron, East, Johns Hopkins Bloomberg School of Public Health, Center, Virology, Vaccine, Beth Israel Deaconess Medical, Columbia University, U.S . Food, Drug Administration, Thomson Locations: Waterford , Michigan, U.S, Europe, Asia, Delaware, East Coast, Boston, Sweden, China

☆ When to wear masks as Covid cases rise, new variants emerge in the U.S.
▼ + stars: | 2023-09-01 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

An uptick in Covid cases and hospitalizations in the U.S., and the emergence of new variants of the virus, are prompting questions about whether Americans should start masking up again. One thing's for sure: People infected with Covid should wear masks around others to prevent the spread of the virus. That includes your personal risk level, Covid rates in your region and who you might make contact with, public health experts said. Newer Covid variants like the now-dominant EG.5, or "Eris," and a handful of XBB strains have fueled the rise. New Covid shots from Pfizer , Moderna and Novavax are slated to roll out in mid-September, and will likely provide robust protection against those variants.

Persons: Michael Nason, Donna Nason, Andrew Pekosz, Francesca Torriani, Pavitra, Axios Organizations: Centers for Disease Control, Johns Hopkins Bloomberg School of Public Health, CNBC, CDC, U.S, Pfizer, Moderna, University of California, University of Washington School of Medicine Locations: Bakersfield, Los Angeles , CA, California, U.S, Covid, San Diego

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun's glow hits the brightly colored mural on the side of a brick building. About a five-minute drive past an antique store, a book shop and a retro pharmacy is a wide field where construction has begun. Ford ultimately landed in Marshall, a town with just under 7,000 residents. Pros and consYet on the ground in Marshall, where the site is being prepped for construction to begin, the reality is much more complicated. Excitement for the site is paired with concerns about how life in a charming small town could change with the introduction of a major industry.

Persons: MARSHALL, Caryn Drenth, David Miltenberger, Ford, Joe Biden, Chuck Schumer, Derek Allen, Allen, Covid, Marshall Organizations: Marshall Hardware, Marshall, Hawks, Ford Locations: Michigan, Marshall, Serendipity

☆ Fact Check-Video on impending COVID crisis in Florida dates to January 2021
▼ + stars: | 2023-08-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video from 2021 of a purported “Florida nurse” describing plans for a “COVID crisis” expected at her Broward County hospital and implying that it was staged for political reasons is recirculating in August 2023, with some users sharing it as a sign of imminent lockdowns. nurse say they have been instructed to prepare for the COVID crisis starting next week,” reads a Facebook post sharing the clip on Aug. 28 (here). Covid Lockdowns are coming back and it’s all because they want to win in ’24” (here), archived (here). The video, however, dates to at least January 2021, when it was shared on X (here) by an account affiliated with Sovereign Nations, a self-described conservative website. Video warning about COVID crisis dates to January 2021, and is not recent footage.

Persons: ”, Covid Lockdowns, Read Organizations: Twitter, ’, Sovereign Nations, U.S . Centers for Disease Control, Florida’s Department of Health, Reuters Locations: Florida, Broward County, “ U.S, Broward County , Florida

☆ When Your ‘Doppelganger’ Becomes a Conspiracy Theorist
▼ + stars: | 2023-08-30 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +4 min

Klein was trapped inside a hall of mirrors, and she was trying to find a way out. Before writing about her doppelgänger, Klein felt stuck. Klein told her what she was going through: “I used to fill notebooks, you know, everywhere I went. As much as Klein recoiled at what Wolf was saying, she also felt the sting of recognition. (In an email, Wolf declined to comment on “Doppelganger,” explaining that she hadn’t yet read the book, but said that some of her tweets “were poorly worded and were deleted.”)

Persons: Klein, Hurricane, ”, Biden, V, Eve Ensler, Harriet Clark, ” Clark, Joan Didion’s “, Covid, “, hadn’t, ” Klein, Philip Roth, Wolf, tweeting, Naomi, Tucker Carlson, nodded Organizations: Rutgers University Locations: New Jersey, British Columbia

☆ Alcaraz, Swiatek may face old rivals in U.S. Open draw
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

[1/4] Aug 20, 2023; Mason, OH, USA; Novak Djokovic, of Serbia returns a shot to Carlos Alcaraz, of Spain, during the menÕs singles final of the Western & Southern Open tennis tournament at Lindner Family Tennis Center. Mandatory Credit: Kareem Elgazzar/The Enquirer-USA TODAY Sports Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) - World number one Carlos Alcaraz faces a potential quarter-final clash with old foe Jannik Sinner in his U.S. Open title defence, and American Coco Gauff is on a collision course with defending champion Iga Swiatek on the women's side. Swiatek will open her campaign against Sweden's Rebecca Peterson. Gauff's compatriot and frequent doubles partner Jessica Pegula, the third seed, faces a tough draw as she opens against Italian Camila Giorgi and could also meet 2022 WTA Finals winner Caroline Garcia of France. Reporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Novak Djokovic, Carlos Alcaraz, Kareem Elgazzar, Jannik, Coco Gauff, Iga Swiatek, Dominik Koepfer, France's Alexandre Muller, Daniil Medvedev, Andrey Rublev, Frances Tiafoe, Casper Ruud, Holger Rune, Gauff, Sweden's Rebecca Peterson, Aryna Sabalenka, Jessica Pegula, Camila Giorgi, Caroline Garcia of, Amy Tennery, Ed Osmond Organizations: & Southern, Lindner, Tennis Center, U.S, Wimbledon, Djokovic, Cincinnati, Caroline Garcia of France, Thomson Locations: Mason, OH, USA, Serbia, Spain, Miami, New York

☆ It may be time to break out the masks against Covid, some experts say
▼ + stars: | 2023-08-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“And since the masks that are most effective are N95 that are now readily available, that’s the kind of mask you should wear,” he added. But the agency doesn’t make a broad recommendation for everyone to adopt masks. Morris Brown College in Atlanta announced a return to mandated physical distancing and masks just one week after classes started in August. And pediatricians are poised for the typical return-to-school surge in all kinds of respiratory illness, whether colds, flu or Covid. “The virus is always lurking, waiting for openings, so I think Covid is just going to be a bit of a roller coaster, probably forever,” Wachter said.

Persons: Joe Biden, Jonathan Reiner, “, ” Reiner, Biden, ”, Reiner, Eric Topol, ” Topol, ” What’s, Robert Wachter, ” Wachter, haven’t, Peter Chin, Topol, Dr, Sara Bode, Bode, It’s, ‘, ” Chin, Hong, You’ve, you’ve, Amanda Musa, Brenda Goodman, Deidre McPhillips, Meg Tirrell Organizations: CNN, George Washington University School of Medicine & Health Sciences, US Centers for Disease Control, CDC, Scripps, Research, Covid, Department of Medicine, University of California San, University of California, Morris Brown College, Nationwide Children’s Hospital, American Academy of Pediatrics ’, School Health, Internal Locations: Covid, Florida, University of California San Francisco, San Francisco, Atlanta, Columbus , Ohio, Washington

☆ It Is Impossible to Break Your Phone Addiction Now
▼ + stars: | 2023-08-15 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

In many ways, we've so thoroughly integrated the devices into our lives, it's become impossible to break free. It's not just people's personal lives that are affected, but their work lives, too. To enter the store, customers need to download a separate app, connect it to their Amazon account, load a credit card, and swipe into the location. Instead, it lets customers register to scan their own items while they shop and pay from their phone. When internet connections aren't reliable, phone batteries run low, or you don't have a smartphone, these changes actually make everything much harder.

Persons: Steve Jobs, —, it's, Lola Shub, would've, we're, Shub, we've, rehire, they've, Paris Marx Organizations: Luddite, Club, The New York Times, Amazon, Tesco, Washington Examiner, National Zoo, team, Washington Nationals, Apple, Google, Australia, Transportation Locations: Brooklyn, New York City, London, United Kingdom, United States, Washington , DC, Canada, San Francisco, Philadelphia, Paris

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File PhotoPANAMA CITY, Aug 10 (Reuters) - The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday. The canal, however, in June postponed further restrictions that would have required ships to lighten their loads to more easily pass. The bottleneck of vessels waiting to pass, however, has grown, prompting logistics and supply chain experts to predict more disruptions. Still, the bottleneck will not fall as hard on shippers as pandemic-era mishaps, including the Suez Canal blockage in 2021, according to shipping firms and customers.

Persons: Aris Martinez, Ricaurte Vasquez, Anatol Feygin, Rolf Habben Jansen, Lloyd, Elida Moreno, Marianna Parraga, Lisa Baertlein, Marguerita Choy Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Reuters, El, El Nino, Walmart, Cheniere Energy, Thomson Locations: Cocoli, Panama, Panama City, China, El, Suez

☆ Millennials and Gen Zers in Asia don't want to work in factories. It means you could soon pay more for clothes, furniture, and toys.
▼ + stars: | 2023-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Young people in Asia don't want factory jobs, so companies are raising wages and adding perks. That's because factories across Asia that have traditionally produced many of these goods are struggling to find workers, The Wall Street Journal reported. In China, manufacturing workers' wages have more than tripled over the past decade, and factory workers in Vietnam, Malaysia, and Japan, have seen notable pay bumps as well. Companies like the Barbie manufacturer Mattel, the toy maker Hasbro, and Nike are facing elevated labor costs in Asia that have contributed to price hikes. Mark Perry, University of Michigan economistExperts attribute Asia's factory labor shortage to a variety of factors.

Persons: it's, Manoj Pradhan, Mark Perry, Julian Zhu, Gabriel Galvan, It's, Barbie Organizations: Service, Street Journal, Companies, Mattel, Hasbro, Nike, University of Michigan, Reuters Locations: Asia, Wall, Silicon, London, China, Vietnam, Malaysia, Japan, Mexico, America

☆ Opinion | How to Treat Loneliness (and Should We?)
▼ + stars: | 2023-07-29 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “If Loneliness Is an Epidemic, How Do We Treat It?,” by Eleanor Cummins and Andrew Zaleski (Opinion guest essay, July 16):I found your guest essay a disservice to “the lonely.” Instead of trying to cure loneliness, why not accept it as part of the human condition? Why make people feel bad, inferior or ill? In the past couple of years I have come to terms with my loneliness. I had a married friend who made me feel bad about being single with awkward questions like “Don’t you want to settle down with a partner?” This of course made me mad, embarrassed or guilty. I wish we could all agree that loneliness is just a state of the human condition, accept it and not perpetuate the negative feelings that we have imbued it with.

Persons: Eleanor Cummins, Andrew Zaleski, Covid

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