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Physical goods have accounted for much of the deflation over the past year, according to economists. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. However, a shift toward higher tariffs and less free trade could serve to push up goods prices "quite significantly," she added. Why there's been deflation for food, travel, electronicsPrices have also declined for items including food, travel and electronics. Travelers have seen deflation for airline fares (prices are down 5.1% annually) amid factors like an increased volume of available seats.
Persons: Olivia Cross, Cross Organizations: Getty, Capital Economics, U.S, AAA, Travelers Locations: U.S, North America, China
Between abandoned coal mines and an engine plant scheduled for closure, a gleaming new factory hovers like a phoenix over Billy-Berclau, a small industrial town in northern France. Inside, 700 newly hired workers are making next-generation electric vehicle batteries for the Automotive Cells Company — part of a grand project to revive the wider region’s flailing fortunes. A “Battery Valley” is rising here from the remains of industries that shuttered during a wave of globalization. “Industry is an anti-National Rally weapon, because in places where anger has risen, we’re restoring hope,” Roland Lescure, Mr. Macron’s deputy industry minister, said earlier this year. Billy-Berclau, and nearly every other town in this region of Pas-de-Calais handed a resounding victory last week to National Rally in parliamentary elections — a trend that is likely to be repeated in a final voting round on Sunday.
Persons: Berclau, Emmanuel Macron’s, ” Roland Lescure Organizations: Automotive Cells Company, , Calais, Rally Locations: France, Pas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Though some say right-wing movements are on the rise globally, in this year's elections, that's not universally the case. Andy Soloman/UCG/Universal Images Group via Getty ImagesIn short, voters are just fed up — no matter who's in charge. Voters want a chanceGlobally, it's not hard to see an anti-establishment, anti-incumbency trend playing out. So-called "double haters" — voters who dislike both Trump and Biden — have made up an influential chunk of the electorate in recent polls.
Persons: , that's, Brian Greenhill, Rishi Sunak's, Andy Soloman, Greenhill, Keir Starmer, Rishi, Emmanuel Macron's, Narendra Modi's, Yoon Suk, Joe Biden, Donald Trump, de, Richard Wike, Sweden —, Wike, Mike Kemp, there's, Biden —, Biden, it's Organizations: Service, Business, SUNY, Environmental, Getty, Voters, Labour, Conservative Party, Reuters, African National Congress, NPR, de Maismont, Pew's, Research, Pew Research, Trump Locations: India, France, SUNY Albany, South Korea, , United States, AFP, Canada, Germany, Greece, Italy, Japan, Netherlands, Spain, Sweden, America
Morgan Stanley hiked its price target on Nvidia to $144, implying upside of 16.5%. It also lifted its 12-month price target to $167 from $143, corresponding to 22% upside. Analyst Krisztina Katai stood by her buy rating for the retail giant but upped her price target to $77 from $71. Analyst James Schneider assigned the stock a 12-month price target of $50, which corresponds to a 21% increase from its Friday closing price. — Lisa Kailai Han 5:47 a.m.: Morgan Stanley hikes its Nvidia price target Nvidia should continue rising as its next generation of chips arrives, according to Morgan Stanley.
Persons: Morgan Stanley, Goldman Sachs, Alexander Blostein, Blostein, Lisa Kailai Han, Krisztina Katai, Katai, — Lisa Kailai Han, James Schneider, Schneider, Moore, Joseph Moore, Blackwell, Hopper, Nvidia's, BIRK, ramping, Jay Sole, Fred Imbert Organizations: CNBC, Nvidia, UBS, Exchange, Intercontinental Exchange, Nat Gas, ICE's Energy, Nat, ICE, Deutsche Bank, Walmart Deutsche Bank, Walmart, Verizon, Birkenstock Locations: Friday's, Asia
Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.
Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, , Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England
“Indonesia is home to the most metal fans in Asia so heavy metal bands love coming to play here,” said Hammersonic CEO Ravel Junardy. Lamb Of God vocalist Randy Blythe performs during Hammersonic in Jakarta, Indonesia on March 9, 2015. Indonesian heavy metal band Death Vomit from Yogjakarta are known for their ferocious and brutal sound. Rajawali IndonesiaGerman metal band Kreator holds up a banner during their performance at the Jogjarockarta festival on January 27, 2024. She first saw them live at a music festival in Singapore back in 2021 and says she is looking forward to their Glastonbury debut.
Persons: Sza, Firda “, ” Kurnia, , Marsya, Euis Siti Aisyah, Widi Rahmawati, metalhead –, , Miikka Skaffari, Firda Kurnia, Tom Morello –, replaying, Malala Yousafzai, VOB, Anthrax, Joko Widodo, Olivia Rondonuwu, Indonesia’s, Sukarno, “ Sukarno, Jeremy Wallach, Suharto, ” Wallach, Metallica, , Widodo, Metallica’s Robert Trujillo, Jokowi, Metallica's Robert Trujillo, Slipknot, Lamb, God, Ravel Junardy, Randy Blythe, Eddy Purwanto, Dave Mustaine, Corna Irawan, Anas Syahrul Alimi, Anas, “ Dave Mustaine, ” Anas, Kreator, Dougie, Mark LeVine, ” LeVine, LeVine, Faezah Eli Organizations: CNN, Dua Lipa, Coldplay, Jakarta Institute of Arts, Malala, , ” “, Getty, Western, AFP, Megadeth, Rajawali, Machine, Glastonbury Locations: Indonesia, Britain, Dua, Glastonbury, Indonesian, Damar, Oakland , California, Jakarta, Bay, AFP, ” “ Jakarta, , West, Southeast Asia, “ Indonesia, Asia, Sweden, Finland, Java, Yogyakarta, Rajawali Indonesia German, Rajawali Indonesia, Surabaya, East, North Africa, Egypt, Singapore, Malaysia, United Kingdom
Why Europe’s youth are flirting with the far-right
  + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com   time to read: +11 min
In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.
Persons: CNN — Pollsters, , , , Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania
Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.
Persons: Adam Plowright, , Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, , Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, , Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe
CNN —Scientists have discovered a 246 million-year-old marine reptile fossil, the oldest of its kind to be found in the Southern Hemisphere, shining a new light on the early evolution of marine mammals. Sauropterygians were ancient aquatic reptiles that existed for around 180 million years during the Mesozoic era, 251 to 66 million years ago. However, their early evolution had only been known from fossils found in the Northern Hemisphere, according to the study published in the journal Current Biology Monday. Many fossils are being found all the time, and this material was deposited in New Zealand’s National Paleontological Collection, Kear said. The study suggests these ancient marine reptiles were going around Earth’s poles, swimming all the way around the supercontinent as a continuous coastal highway, Kear said.
Persons: Benjamin Kear, ” Kear, Earth’s, Mount, Kear, Robert Ewan Fordyce, , Nothosaurs, sauropterygians, , Organizations: CNN —, Southern, Northern, Uppsala University’s Museum, Evolution, CNN, Mount Harper Locations: Europe, China, Wyoming, United States, British Colombia, Canada, Uppsala, Sweden, New Zealand, New, Southern, Svalbard, Norwegian
Was Global Trade a Mistake?
  + stars: | 2024-06-19 | by ( Matthew Zeitlin | ) www.nytimes.com   time to read: +1 min
ONE WEEK TO CHANGE THE WORLD: An Oral History of the 1999 WTO Protests, by DW GibsonHOW THE WORLD RAN OUT OF EVERYTHING: Inside the Global Supply Chain, by Peter S. GoodmanOn a cold November morning in 1999, Harold Linde, a member of the Rainforest Action Network, was trying to hang an enormous sign from a construction crane hundreds of feet in the air over downtown Seattle. Loosely attached to a rope, he rappelled off the crane, lost control and began to plummet. Linde might have died, but thanks to the Ruckus Society, a nonprofit that trains activist groups, he knew to rip off his frictionless fleece gloves, grab onto the rope with his bare hands and wait for his colleagues to help him back up. After some spiritual assistance from “a circle of pagan witches on the ground” who were “sending prayers up,” Linde and his friends succeeded in unfurling a 100-pound banner. It showed two arrows pointing in opposite directions, one labeled “DEMOCRACY” and the other “W.T.O.”This stunt, which kicked off the Battle of Seattle, a protest of the third ministerial meeting of the World Trade Organization, captures the combination of high idealism, drama, detailed organization, radicalism and public relations savvy that defined a movement against the rising tide of globalization in the decades after the Cold War.
Persons: DW Gibson, Peter S, Goodman, Harold Linde, ” Linde, Organizations: Rainforest Action, Linde, Ruckus Society, World Trade Organization Locations: Seattle, , unfurling
Why tariffs on Chinese EVs may not work
  + stars: | 2024-06-15 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +2 min
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. President Joe Biden last month introduced stiff tariffs on Chinese EVs, effectively doubling the list price, which can otherwise be as cheap as $11,500. The administration says Chinese firms have benefited from unfair government support, and Chinese EV imports threaten the Biden administration's big investments in EVs. But a few auto industry insiders are skeptical that tariffs will be able to hold off Chinese imports for long.
Persons: Dunne, Michael Dunne, Joe Biden, Sen, Sherrod Brown, Tesla, Elon Musk, Bill Russo, Donald Trump, Russo Organizations: Volvo, EV, Biden, Chrysler Locations: China, U.S, Sweden, EVs, Ohio, Shanghai, Beijing
Stellantis plans to grow Jeep sales 50% by 2027
  + stars: | 2024-06-13 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
AUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased profits. The transatlantic automaker on Thursday said it will expand production and sales to roughly 1.5 million units by 2027. To do so, the company will grow its vehicle and powertrain offerings. Jeep plans to expand its vehicle nameplates from 10 to 13 by 2027, Jeep CEO Antonio Filosa said Thursday during Stellantis's investor day at its North American headquarters. Much of the expected growth is targeted in North America, where the brand aims to top sales of 1 million units by 2027, up from roughly 700,000 last year.
Persons: – Stellantis, Antonio Filosa Organizations: AUBURN Locations: AUBURN HILLS, Mich, North America
Bank of America predicts large-cap value stocks will start to outperform growth stocks. AdvertisementThe most boring area of the stock market is poised for a "renaissance" of outperformance, according to Bank of America. AdvertisementA hard landingAnother scenario in which value stocks should outperform is if the economy experiences a hard landing. That would likely lead to a sharp sell-off in growth-oriented stocks and the relative outperformance of value stocks. A world of structurally higher rates and inflation should bolster value stocks," Bank of America said.
Persons: , Savita Subramanian, corporates, Banks, Ebrahim Poonawala, Consumer Staples, Staples, Subramanian Organizations: of America, Bank of America, Service, Equity, " Utilities, Energy, Banks, Consumer
Now, key supplier Taiwan Semiconductor Manufacturing Company, or TSMC, appears to want in on the hype. "I did complain to Nvidia's CEO Jensen Huang — the 'three trillion guy' — that his products are so expensive," CC Wei, TSMC's CEO, said last week, per Nikkei. TSMC has already indicated price hikes for production outside of TaiwanIt isn't the first time this year that TSMC has signaled a price hike. AdvertisementIn April, Wei said the company plans to charge customers more if they want their chips made outside Taiwan. "In today's fragmented globalization environment, costs will be higher for everyone, including TSMC, our customers, our competitors, and the entire semiconductor industry."
Persons: , Jensen Huang, Jensen Huang —, Wei, TSMC, Nvidia's Huang doesn't, Huang, Morgan Stanley Organizations: Service, Taiwan Semiconductor Manufacturing Company, Wei, Business, Wall, NVIDIA, Nvidia, New Locations: TSMC, Taiwan, China, Beijing, Arizona, Japan, Germany, New Taiwan
CNN —One of the benefits of streaming has been an increased flow of series and movies from around the globe, as services try to keep their shelves filled with fresh alternatives. Perhaps that’s one reason why data indicate more people – especially young adults, who are more prone to second-screen viewing and multitasking – are watching shows in their primary language with the subtitles on. The survey found that those using subtitles cite two primary factors in equal measure: Subtitles enhance their comprehension, and they help them understand accents. The service has increased the number of films and series that support audio descriptions (AD) and subtitles for the deaf and hard of hearing (SDH). The trend suggests viewers are actively sampling internationally produced material as they seek (and often stumble upon) options via streaming platforms.
Persons: , Lupin ”, “ Bodkin, Luke Newton, Colin Bridgerton, Nicola Coughlan, Penelope Featherington, Liam Daniel, Kathy Rokni, Netflix’s, , ” Rokni, it’s, Max ”, wouldn’t, Max, Mel Gibson, Kennedy Miller, Who ” Organizations: CNN, Netflix Netflix, Netflix, Kennedy Miller Productions British, swatch Locations: Australia, American
Typical compensation packages for chief executives who run companies in the S&P 500 rose nearly 13% last year, the AP reports . Median CEO pay hit $16.3 million in 2023, or nearly 200 times the typical worker's wages for the year, according to data analyzed for The Associated Press by Equilar . In 2022, CEOs made roughly 185 times their typical worker; with the jump in 2023 numbers, CEOs now make roughly 196 times their employees. CEO pay is generally decided on by shareholders, who in the last four years have overwhelmingly voted in support of executive compensation plans, according to Equilar data. CEO pay has increased by 1,209% since 1978, compared with an 15% bump for the typical worker over this time period, according to the left-leaning Economic Policy Institute.
Persons: haven't, Lawrence Mishel, Amit Batish, aren't, Batish, Sarah Anderson, Anderson Organizations: Associated Press, Equilar, Federal Trade Commission, CNBC, Institute for Policy Studies, AP Locations: Equilar
“The spicy trend is here to stay,” Sally Lyons Wyatt, packaged goods and foodservice industry advisor with market research firm Circana, said in an interview with CNN. Spicy plus sweet give you “Swicy.” And yes, brands are trying to make it a thing as they look for ways to stretch out the spicy trend. Starbucks in the spring also introduced limited-time hot honey drinks, made with wildflower honey infused with chili peppers, such as Hot Honey Affogato and Hot Honey Espresso Martini to the menu at its Starbucks Reserve roasteries and select US stores. Nestle has also trotted out recent spicy innovations such as California Pizza Kitchen’s hot honey croissant crust pizza, Stouffer’s spicy nacho mac and Hot Pockets x Hot Ones. “Americans have made cult-favorites out of condiments like Sriracha and hot honey.
Persons: ” Sally Lyons Wyatt, ” Lyons Wyatt, Millennials, Gen Z, Gen Alpha, ” Lyons, Gen, Martini, , Lyons Wyatt, Jennifer Creevy, WGSN, Jeff Gritchen, Alpha, Creevy, , ” Creevy, Mustafa Shamseldin, “ We’ve, Nestle, Primo, nacho, Varchasvi Singh, ” Singh Organizations: New, New York CNN, Walmart, Target, CNN, Starbucks, Disney California, MediaNews, Orange, Register, USA Pepsico, Foods, Pepsico, ” Nestle, Nestle, Tombstone, Mintel Locations: New York, America, Sonoma, Anaheim , California, Korea, , Tombstone, USA, North America, California
Read previewUS efforts to counterbalance Chinese imports could instead create unsteadiness in the country's fight against inflation, S&P Global Intelligence wrote. Advertisement"Yet economists say the new duties, and tariffs more broadly, may carry an unwelcome consequence: higher prices and a heightened probability of higher-for-longer interest rates," S&P wrote. Of the 14 categories under scrutiny, the top five accounted for just 3% of Chinese imports into the US in 2022, S&P cited. But for domestic manufacturers, tariffs can ease the pressure to lower prices, as Chinese competitors lose their low-cost advantage. In this sense, protectionism can boost economic growth in the long run, but not before fueling market inefficiencies and complicating inflation.
Persons: , Donald Trump, hasn't shied, Biden, he's, Ben Herzon Organizations: Service, P Global Intelligence, Federal Reserve, Business, P's Locations: China
Beijing's goal now is to minimize any impact from potential sweeping sanctions from the West in "extreme geopolitical scenarios," such as a military conflict over Taiwan, which China claims as its territory, wrote Liu. "Expanding the use of the renminbi in trade is less challenging than increasing its status as an international reserve currency," Liu wrote. AdvertisementHowever, capital controls are not necessarily a dealbreaker for the broader adoption of the yuan in trade, wrote Liu. It also shows it's not so easy to displace the mighty US dollar as the world's top reserve and trading currency of choice. A recent global survey of 1,660 enterprises showed that there is just not enough interest in using the yuan to trade.
Persons: , Zoe Liu, Liu, Russia —, Xi, it's Organizations: Service, China Studies, Council, Foreign Relations, Business, Monetary, Financial, China's Bank of Communications, Renmin University Locations: China, Taiwan, London, Russia, Beijing, East Asia, Southeast, Central Asia
"Expanding the use of the renminbi in trade is less challenging than increasing its status as an international reserve currency," Liu wrote. The yuan faces challenges in its globalizationWhile the US and China's strategic competition points to a possible race for currency supremacy, the Chinese yuan is far from ready — and even Beijing knows that. AdvertisementHowever, capital controls are not necessarily a dealbreaker for the broader adoption of the yuan in trade, wrote Liu. It also shows it's not so easy to displace the mighty US dollar as the world's top reserve and trading currency of choice. A recent global survey of 1,660 enterprises showed that there is just not enough interest in using the yuan to trade.
Persons: , Zoe Liu, Liu, Russia —, Xi, it's Organizations: Service, China Studies, Council, Foreign Relations, Business, Monetary, Financial, China's Bank of Communications, Renmin University Locations: China, Taiwan, London, Russia, Beijing, East Asia, Southeast, Central Asia
Designed and engineered in collaboration with the Italian race car manufacturer Dallara, it’s low and wide with an enormous rear wing and a large vertical rudder. For the commission, which marks the 20th BMW Art Car, Mehretu chose to adapt one of her most famous works: The painting “Everywhen,” which is now in the collection of the Museum of Modern Art in New York City. The first woman to take on a BMW Art Car was South African artist Esther Mahlangu, who in 1991 painted a 525i sedan. In 1996, Holzer covered a BMW Le Mans race car in the words “Protect Me From What I Want,” among other provocative phrases. Esther Mahlangu's 'Art Car' featured the bold colors and geometric patterns used in the traditional arts and crafts of the Southern Ndebele people.
Persons: Andy Warhol, Jeff Koons, Jenny Holzer, Robert Rauschenberg, Julie Mehretu, Mehretu, ” Mehretu, André, Alexander Calder, Hervé Poulain, Poulain, Calder, Roy Lichtenstein, Warhol, Esther Mahlangu, Holzer, Esther Mahlangu's, Enes, Goldman Sachs, , Marian Goodman, I've, ” Julian Kroehl, BMW Mehretu, Madeleine Grynsztejn, , Julie, ” Grynsztejn Organizations: CNN, BMW, Pompidou Center, Le, Dallara, Museum of Modern Art, BMW “, CSL, BMW Le, Daytona, Fine Arts, Rhode Island School of Design, MacArthur, US Department of State, of, Pritzker, Museum of Contemporary Art Chicago Locations: Ethiopian American, Paris, New York City, American, African, Southern, Manhattan, Addis Ababa, Ethiopia, United States, New York
Two successive presidents have come down firmly on the side of tariffs rather than trade agreements as the preferred mechanism for managing international commerce. While there are political and security reasons for tariffs, America’s new protectionist stance will raise prices, limit consumer choices and risk our future growth. Last week, after laying low on this front for most of his term, President Biden announced a raft of new tariffs on selected Chinese imports including electric cars and solar panels as well as steel and aluminum. While the tariffs cover only $18 billion of imports, they are by design meant to keep Chinese products, like electric vehicles, from entering the U.S. market. In doing so, he has in large measure aligned his trade policy with that of his predecessor, Donald Trump.
Persons: Biden, Donald Trump Locations: United States, U.S
Why a Tactic Used by Czars Is Back With a Vengeance
  + stars: | 2024-05-17 | by ( Amanda Taub | ) www.nytimes.com   time to read: +1 min
The day before, the police charged three men with aiding the Hong Kong intelligence service and forcing entry into a residential address. I’m not going to speculate on whether the three men are guilty or innocent, as their court case is ongoing. But the arrests have drawn attention to the phenomenon of “transnational repression,” in which autocratic governments surveil, harass or even attack their own citizens abroad. Last month, following a string of attacks on Iranian journalists, Reporters Without Borders proclaimed London a “hot spot” for the phenomenon. Although transnational repression is an old practice, it appears to be gaining prevalence.
Persons: , Hong Kong’s, I’m Organizations: Hong, Foreign, U.K, Borders Locations: London, Hong Kong, China, Britain
Now look at AI, we’re going to have that same disruption except it’s going to be much faster. We really need to rethink how we manage change. There are many communities and many groups of individuals who don’t really feel like contemporary capitalism is serving them well. If I said, “I’m going to have a block grant for communities. I’m going to boost community colleges,” why is that bad?
Persons: Columbia Business School Glenn Hubbard, Bell, Hubbard, they’ve, that’s, it’s, That’s, I’m, don’t, we’re, “ I’m Organizations: CNN Business, Bell, New York CNN, Columbia Business School, Biden Locations: New York, United States
Prices in the US could keep going up if the US doesn't "reindustrialize" its economy, Richard Bernstein said. The US has a "massive" trade deficit at a time when world trade is becoming fragmented, he noted. AdvertisementInflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. World trade has become more fragmented since the pandemic, and rising geopolitical tensions are a sign that the trend is continuing, he said. If it doesn't … we're going to have tremendous inflation here in the United States," Bernstein said to CNBC on Monday.
Persons: Richard Bernstein, , Bernstein, Ken Griffin Organizations: US, Service, Commerce Department, CNBC, JPMorgan Locations: United States, America
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