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☆ Republicans demand Biden challenge China's Xi on fentanyl, prisoners
▼ + stars: | 2023-11-09 | by ( Michael Martina | ) www.reuters.com time to read: +3 min

The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. Republicans and Democrats in Congress have offered sometimes different approaches for countering China's growing economic and military might despite bipartisan consensus on the need to do so. But they asked Biden to present Xi with a list of 10 demands to improve relations, much like Beijing did to U.S. officials in 2021. "It is clear that competitive actions have been sacrificed to advance aimless, zombie-like engagement," they said. Reporting by Michael Martina and Patricia Zengerle; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Brian Snyder, Joe Biden, Xi Jinping, Mike Gallagher, Biden, Mark Swidan, American Kai Li, David Lin, Michael Martina, Patricia Zengerle, Grant McCool Organizations: REUTERS, Rights, U.S, Beijing, Biden, Economic Cooperation, Republicans, Democrats, Treasury, Industrial, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, San Francisco, Asia, Beijing, Philippines, South China, South, Taiwan, China's Xinjiang, Texas, American

☆ Five tips for Gen Xers feeling squeezed by student debt
▼ + stars: | 2023-11-02 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

That means many competing financial responsibilities, familiar to the Sandwich Generation: student debt, retirement saving, raising kids and sending them to college, and caring for elderly parents. Something has to give – which is why Gen Xers still dealing with student debt often sacrifice saving for retirement. “For those Gen X with student debt, the average amount of retirement savings is consistently lower. “These student debt repayments can last for 30 years,” says Evan Potash, a wealth management advisor with TIAA. In particular, starting in 2024, participating employers will be able to match your student loan repayments with contributions to your 401(k).

Persons: Joe Biden's, Debbie Irk, Irk, “ I’m, ”, Xer, Xers, Gen Xers, Tyler Bond, NIRS, Joe Biden’s, Evan, TIAA, “, NIRS ’ Bond, I’ve, Chris Taylor, Lauren Young, Jonathan Oatis Organizations: Baby, University of Phoenix, National Institute on Retirement Security, Sandwich, Supreme, Thomson Locations: Washington , U.S, South Bend , Indiana

That's why more than 50 local officials signed onto a letter Tuesday calling on the Environmental Protection Agency to help municipal governments cut food waste in their communities. Tackling food waste is a daunting challenge that the U.S. has taken on before. In 2015, the U.S. Department of Agriculture and the EPA set a goal of cutting food waste in half by 2030, but the country has made little progress, said Claudia Fabiano, who works on food waste management for the EPA. Researchers say households are responsible for at least 40% of food waste in the U.S. Chicago, for instance, just launched a city-wide composting pilot program two weeks ago that set up free food waste drop-off points around the city.

Persons: Claudia Fabiano, “ We've, ” Fabiano, Weslynne Ashton, ” Ashton, Ning Ai, ”, Ai, ___ Read, Melina Walling Organizations: CHICAGO, Environmental Protection Agency, U.S . Department of Agriculture, EPA, Farmers, Illinois Institute of Technology, ”, Chicago, University of Illinois, AP Locations: U.S, It's, California, University of Illinois Chicago, ___

☆ My dream job wasn't worth it: Former employees at Meta, McKinsey, and JP Morgan share how they burned out and left
▼ + stars: | 2023-10-29 | by ( Aria Yang | ) www.businessinsider.com time to read: +7 min

Insider spoke to five people who left Meta, McKinsey and more on why they left and what they do now. One said he only wishes he left his $120,000-a-year finance job sooner. Lu ultimately made the decision to leave because she wanted to explore and grow in other aspects of her career, but she said leaving McKinsey came with its tradeoffs. Read more: I quit my $370K job at Meta after having panic attacks and hitting the lowest point of my life. Read more: I quit my $120K finance job and make more money with YouTube videos.

Persons: —, Vivian Tu, she's, Angelina Lu, Lu, Eric Yu, Meta, pinky, Yu, Read, Elizabeth Rosenberg, Rosenberg, Vincent Chan, Chan Organizations: Meta, McKinsey, Service, JPMorgan, McKinsey & Company, YouTube

☆ Picking health insurance can be tricky: 6 key terms to know as open enrollment starts
▼ + stars: | 2023-10-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

PremiumsFrederic Cirou | Photoalto | Getty ImagesThe premium is the sum you pay an insurer each month to participate in a health plan. It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price. The average co-insurance rate for consumers is 19% for primary care and 20% for specialty care, according to KFF data. For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.

Persons: Frederic Cirou, Karen Pollitz, Luis Alvarez, you've, KFF, Pollitz, McClanahan, there's, Winnie Sun, She's, Sun, Carolyn McClanahan Organizations: Sdi, Photoalto, Kaiser Family Foundation, CNBC, Digitalvision, Getty, Kaiser Family Foundation Health, Network Health, Sun Group Wealth Partners, CNBC's FA Locations: Aetna, Irvine , California, CNBC's

☆ The sure-fire way to save America’s cities? Do what Tokyo does.
▼ + stars: | 2023-10-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

But affordability isn't an issue in the world's biggest city, Tokyo. In collectivist Japan, housing policy is designed to benefit the most people possible. Earthquakes and small homesAnother feature of the Japanese housing market is purely situational: The country is a hotspot for earthquakes. Could the US import Japanese housing policy? Japan's housing policy "is now quite well understood" among American housing advocates and scholars, he says, "whereas it was not even three years ago."

Persons: metropolises, Eric Adams, Alan Durning, Durning, Jiro Yoshida, NIMBYism, Jenny Schuetz, Yoshida, Schuetz, André Sorensen, there's, Sorensen, Nolan Gray, Impermanence, Gray, tradeoffs, Eliza Relman Organizations: US, America it's, New York City, Sightline, Pennsylvania State University, Brookings Institution, University of Toronto, Earthquakes Locations: Los Angeles, Miami, New York, San Francisco, Tokyo, it's, America, Paris, Japan, inequity, Montana, California, United States, Vienna, Amsterdam, California , Oregon, Washington

For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. Drock told Insider there are three lifestyle tradeoffs that have had an outsized impact on his and his wife's ability to build wealth. "When I first asked her to consider moving, she literally cried," Drock wrote in a blog post. It turned out to be a "key decision for our financial life," he said. Their combined income stands at $300,000 a year, "which still seems surreal to me," Drock wrote on his blog.

Persons: Drock, Drock's, Read, they've, we've Locations: Washington ,, Mint, Europe

Families are "squeezing to make ends meet," caught between rising prices and a lack of accessible child care, Kim Bracey, chief executive of the YWCA York, told Powell. Julie Keene, owner of Flinchbaugh’s Orchard, zeroed in on inflation, and pressed Powell on the uncertain environment businesses have having to navigate. In conversations with shopkeepers, Powell and Harker focused on aspects of the businesses and the owners' backgrounds - not inflation or the impact of interest rates. Speaking with Reuters ahead of their arrival at her shop she said high interest rates were pressing her hard. "I mean, lower the interest rates," she said.

Persons: Jerome Powell, Evelyn Hockstein, Powell, Kim Bracey, Julie Keene, Keene, Bracey, Gallup, Alan Greenspan, Patrick Harker, Michelle Wright, Mane, Wright, Harker, Drayden, Jennifer Heasley, Howard Schneider, Dan Burns Organizations: Federal, Federal Reserve, REUTERS, Monday, YWCA York, Philadelphia Fed, Luxe, York Central Market, Thomson Locations: Washington , U.S, Pennsylvania, York , Pennsylvania, Philadelphia, Flinchbaugh’s Orchard, zeroed, Keene, Powell

☆ My life as a startup founder is way better because I didn't take VC money. Here are 8 upsides.
▼ + stars: | 2023-10-02 | by ( Melissa Kwan | ) www.businessinsider.com time to read: +6 min

Here are 8 unconventional ways I get to live my life because I didn't take VC money:AdvertisementAdvertisement1. I'm able to make my own scheduleI start my day at noon, go out for dinner, and work until midnight. I'm able to grow slowly – the way that I want to growIt took us 36 months to hit $1 million annual recurring revenue. I can raise capital on my own termsA common misconception with bootstrapped companies is that they raise zero capital. That kind of sacrifice is not for everyone, and sometimes I do wonder whether it'd just be easier to raise capital.

Persons: Melissa Kwan, bootstrapped, Kwan, —, we're Organizations: Service Locations: –, New York

Roadway deaths in the U.S. are mounting despite government test data showing vehicles have been getting safer. Subaru, which has performed well in IIHS pedestrian crash avoidance tests, considers visibility its first line of safety, according to spokesperson Todd Hill. Thanks to vehicle improvements, seatbelt laws and other changes, fatal crashes in the U.S. trended downward for decades, hitting a low of 29,867 in 2011. Government estimates of fatal crashes in 2022 show a 43% increase to 42,795 — partially thanks to increases in speeding and drunk driving and decreases in seatbelt use. Fatal crashes also increased as a percent of total miles driven.

Persons: — Alyssa Milligan, Alyssa, ”, Jessica Cicchino, they’re, ” Cicchino, Todd Hill, Transportation’s Volpe, Billy Richling, Jessica Hart, Allie, ” Hart, “, didn’t, ” John Capp, we’re, I’ve, — Organizations: Nashville —, National Association of City Transportation, Insurance Institute for Highway Safety, Insurance Institute for Highway, Subaru, Consumer, U.S . Department, Transportation’s, Transportation’s Volpe Center, Volpe Center, Silverado, U.S, Traffic Safety Administration, NHTSA, National Association of City Transportation Officials, D.C, Ford Transit, General Motors, GM Locations: Tenn, Tennessee, Nashville, U.S, Washington

☆ Vehicle-related deaths are rising even though cars are built safer than ever. The popularity of larger vehicles may be to blame.
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +9 min

Vehicles are built to be safer than ever before, but pedestrian and cyclist deaths are rising. A rise in the popularity of larger vehicles, like vans and trucks, may be a factor in this increase. Ronald E. VanHoose/Associated PressRoadway deaths in the U.S. are mounting despite government test data showing vehicles have been getting safer. Fatal crashes also increased as a percent of total miles driven. AP Photo/Mark SchiefelbeinHart is now an advocate with the Washington chapter of Families for Safe Streets, a nonprofit working to end fatal crashes.

Persons: —, Alyssa Milligan, Alyssa, Ronald E, Jessica Cicchino, they're, Cicchino, Todd Hill, Transportation's Volpe, Billy Richling, Jessica Hart, Allie, Allie Hart, Mark Schiefelbein, Hart, didn't, Mark Schiefelbein John Capp, we're, Mark Schiefelbein Hart, I've Organizations: Service, Nashville —, Associated, National Association of City Transportation, Insurance Institute for Highway, Subaru, Consumer, U.S . Department, Transportation's, Transportation's Volpe Center, Volpe Center, Silverado, U.S, Traffic Safety Administration, NHTSA, National Association of City Transportation Officials, D.C, AP, Ford Transit, General Motors, GM Locations: Tennessee, Nashville, U.S, Washington

☆ Want to move from side hustle to startup? Ditch your backup plan, says investor and guest 'Shark Tank' shark Matt Higgins
▼ + stars: | 2023-09-26 | by ( Julia Hood | ) www.businessinsider.com time to read: +5 min

Higgins' new book, "Burn the Boats," urges people to forego the backup plan to fulfill their goals. AdvertisementAdvertisementSide hustlers and would-be entrepreneurs will often have a backup plan to their dreams, just in case things don't work out. But that safety net might be preventing them from achieving their full potential, according to a book by Matt Higgins, an investor and guest shark on "Shark Tank." Higgins' book, titled "Burn the Boats," urges entrepreneurs to find the right moment, and then go all-in on their goals. Mainly though, you have to learn to let go when things don't go your way.

Persons: Matt Higgins, Higgins, —, Rudolph Giuliani's, Stephen Ross, you'll, Ray Dalio, Bill Gates Organizations: RSE Ventures, Service, Magnolia Bakery, New York City, Lower Manhattan Development Corporation, New York Jets, Miami Dolphins, RSE Locations: Queens , New York, New York

☆ Apple customers are starting to receive their new $60 'FineWoven' iPhone cases — and the early reviews are rough
▼ + stars: | 2023-09-23 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Apple recently announced new FineWoven iPhone cases to replace its leather ones. CNET's Patrick Holland said the FineWoven case has "visible tradeoffs," like a circular imprint left from MagSafe charging after only a week. On Amazon, the black iPhone 15 Pro Max FineWoven case has a 1.3-star rating with nine reviews as of this writing, and the blue iPhone 15 Pro FineWoven case has a 2.6-star rating from seven reviews. AdvertisementAdvertisement"Taking my FineWoven case and wallet back when I pickup the phone on Friday. The FineWoven cases aren't the only new Apple product to leave users underwhelmed.

Persons: aren't, Allison Johnson, Nilay Patel, I've, Carrie Marshall, CNET's Patrick Holland, Max FineWoven, it's, Apple, Apple's MacBooks Organizations: Apple, Service, Lightning Locations: Wall, Silicon

☆ What Happens When Global Human Population Peaks? - The New York Times
▼ + stars: | 2023-09-18 | by ( Dean Spears | ) www.nytimes.com time to read: +13 min

Over the past 100 years, the global population quadrupled, from two billion to eight billion. Some will inexcusably claim that restricting reproductive choice is a way to curb long-run population decline. If an inclusive, compassionate response to population decline emerges someday, it need not be in conflict with those values. It’s in no one’s hands to change global population trajectories alone. Six decades from now is when the U.N. projects the size of the world population will peak.

Persons: demographers, Wittgenstein, Spears, Grandma, humanity’s, They’ve, birthrates, everyone’s, It’s, it’s Organizations: Human, The Institute for Health Metrics, University of Washington, University of Texas, Population Research, New York Times, White, won’t Locations: Vienna, Austin, United States, Europe, East Asia, Latin America, Guinea, Africa, China, Brazil, India, birthrates, Chile, Thailand, Canada, Germany, Japan, Saharan Africa, Israel

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Sept 8 (Reuters) - The Federal Reserve's top regulatory official said on Friday the central bank is "a long way" from any decision on whether it would issue its own digital currency, and added it would not do so without official support in Washington. Fed Vice Chair for Supervision Michael Barr said while officials are investigating a central bank digital currency (CBDC), the Fed was far from any decision. "Of course, investigation and research are very different from decision-making about next steps in terms of payments system development, and we are a long way from that." Barr's comments echo those of Fed Chair Jerome Powell, who also has said the Fed would not move to issue a digital currency without explicit authorization from Congress. It is important to get the legislative and regulatory framework right before significant risks emerge," he said.

Persons: Michael Barr, Evelyn Hockstein, Barr, Jerome Powell, Pete Schroeder, Hugh Lawson, Andrea Ricci Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, U.S ., Thomson Locations: Washington , U.S, Washington, Philadelphia

☆ JCPenney CEO: Working families are struggling to get by as inflation bites
▼ + stars: | 2023-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —JCPenney CEO Marc Rosen sees plenty of evidence that working-class families are struggling. “And that customer is facing a tougher economic environment.”The JCPenney CEO pointed to the snowballing effect inflation has had on family budgets, noting that the typical household is spending about $700 more per month than they did two years ago for the same goods and services. He pointed to strong private brand sales for apparel as well as for home goods like cookware and small appliances such as blenders and toasters. The JCPenney CEO wouldn’t directly answer whether the department store plans to return to the public markets through an initial public offering. “We think there are a lot of advantages right now to being a private company,” Rosen said, noting that JCPenney’s owners are reinvesting in the company and are taking a “long-term perspective” on that investment.

Persons: Marc Rosen, Liz Claiborne, Rosen, ” Rosen, delinquencies, “, JCPenney, wouldn’t Organizations: New, New York CNN, CNN, “, JCPenney, New York Federal Reserve, ” Bank of America, Simon Property Group, Brookfield Asset Management Locations: New York

☆ Best Buy declares the 'low point' in tech sales after years of declines
▼ + stars: | 2023-08-29 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +4 min

Best Buy's CEO said we're in "the low point in tech demand after two years of sales declines." "We continue to expect that this year will be the low point in tech demand after two years of sales declines," Best Buy CEO Corie Barry said Tuesday on a call with analysts after the company reported its second-quarter earnings. Best Buy is already seeing glimmers of stabilization in categories like home theater, executives said on the call. AdvertisementAdvertisementBut first, Best Buy has to get through the rest of this year. "Best Buy faces a tough environment in which few consumers are looking to splurge on big-ticket items such as home theaters, TVs, and appliances," Stambor wrote.

Persons: we're, Macy's, Corie Barry, Barry, Zak Stambor, Stambor Organizations: Shoppers, Service, Chase, Walmart, Amazon, Costco, Intelligence Locations: Wall, Silicon

☆ Vivek Ramaswamy has Iowa voters curious, but not yet committed, after standout debate
▼ + stars: | 2023-08-27 | by ( Aaron Pellish | ) edition.cnn.com time to read: +19 min

That’s the true mark of a real milestone on this campaign,” Ramaswamy joked. For many voters in Iowa, the debate was their introduction to the 38-year-old candidate. A survey of potential Republican primary voters who watched the debate conducted by The Washington Post, FiveThirtyEight and Ipsos showed 26% of voters thought Ramaswamy won the debate, second highest behind DeSantis. Still, the Ramaswamy campaign said it raised $600,000 in the day after the debate, the largest single-day total since its launch. The Ramaswamy campaign plans to continue visiting Iowa and answering voter questions like Christensen’s around the state, Chapman told CNN.

Persons: Vivek Ramaswamy’s, Ramaswamy, ” Ramaswamy, Ron DeSantis, Donald Trump, “ I’m, ” Mara Brown, Brown, she’s, ”, Mike Pence, Chris Christie, Nikki Haley, ” Haley, “, Ipsos, Ramaswamy’s, Melissa Berry, she’d, ” Berry, he’s, Jake Chapman, ” Chapman, That’s, Vivek Ramaswamy, Apoorva, Ramaswamy hadn’t, didn’t, Milt Van Grundy, Van Grundy, Trump, who’s, Haloti Tukuafu, Joe Biden, “ Trump, Vivek, ” Tukuafu, Pam McCumber –, –, “ He’s, ” McCumber, DeSantis, Haley, Pence, Gene Smith, Terry, pushback Trump, ” Gay Lee Wilson, ” Wilson, ‘ There’s, Cory Christensen, ” Christensen, Richard Nixon’s, Christensen, Nikki, you’ve, you’re, ’, “ There’s, Chapman, Hillary Ferrer, leapfrog DeSantis, He’s, ” Ferrer Organizations: Iowa CNN —, Republican, Florida Gov, CNN, Trump, ”, Former New Jersey Gov, South, United Nations, The Washington Post, Atlantic, Quinnipiac, Republicans, “, America, NATO, Raytheon Locations: Urbandale, Iowa, Des Moines , Iowa, South Carolina, Russia, China, Ukraine, Taiwan, Israel, America, Milwaukee, Winterset , Iowa, Ramaswamy’s Iowa, Ohio, Marshalltown , Iowa, Washington ,, Florida, Indianola, Maui, Clarion , Iowa, Newton , Iowa, “, Des Moines, Pleasant Hill , Iowa, Waukee , Iowa, Winterset, Pella , Iowa

☆ 81% of full-time workers want a 4-day work week – and they’re willing to make sacrifices to get it
▼ + stars: | 2023-08-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

When it comes to schedules, workers want flexibility. And a four-day work week is at the top of their wish lists, according to a new survey from Bankrate. A majority of full-time workers and job seekers — 81% — support a four-day work week versus a traditional five-day schedule. Of those workers, 89% said they would be willing to make sacrifices to work just four days. Just 11% of workers who want a four-day work week said they would not be willing to accept any of those tradeoffs.

Persons: — Organizations: Finance

☆ Some student-loan companies are offering borrowers cheaper payments before the October restart. Making the switch could strip away a range of debt relief programs.
▼ + stars: | 2023-08-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Some student-loan companies are encouraging federal borrowers to refinance before the payment restart. Companies that manage private loans have started reaching out to federal borrowers, encouraging them to refinance their federal debt to get a better deal on payments. For example, SoFi — a student-loan refinancing company — sent letters to borrowers last month with a header reading, "Federal student loan forbearance is ending soon. Consumer Financial Protection Bureau Advisor to the Director Andrea Matthews told Insider in September that "the benefits to having a federal student loan have never been more tangible. Before federal payments resume in October, borrowers can enroll in the Education Department's new SAVE Plan, which is an income-driven repayment plan intended to lower monthly payments.

Persons: Joe Biden's, It's, —, forbearance, Biden's, Earnest, refinancer, refinancers, Andrea Matthews, Tanya Burnett, Burnett Organizations: Service, Education Department, Public, Biden, Consumer Financial Locations: Wall, Silicon

☆ Middle-income Americans think prosperity is within reach
▼ + stars: | 2023-07-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Santander recently released a quarterly survey of about 2,250 middle-income bank and financial services customers (defined as having household incomes between $47,000 and $142,000.) Illegal child labor is on the rise in a tight job marketUS child labor violations have jumped in recent years. Now, the Department of Labor has announced actions it’s taken so far this year through a new interagency task force on child labor. Between October 1, 2022, and July 20, 2023, the Department of Labor concluded 765 child labor cases, found 4,474 children employed in violation of federal child labor laws and assessed more than $6.6 million in penalties against employers, the agency announced on Thursday. In addition, the Wage and Hour Division of the Labor Department is currently pursuing more than 700 open child labor cases.

Persons: New York CNN —, Tim Wennes, “, ”, Bell, they’re, they’ll, they’ve, That’s, We’re, we’ve, BlackRock, Tupperware, it’s, Labor Julie Su, Jordan Barab, Obama, Barab Organizations: CNN Business, Bell, New York CNN, Federal, Heartland Tri, State Bank of, Federal Deposit Insurance Corporation, First Bank, Spain’s Santander, SC, Santander, New York Stock Exchange, GameStop, AMC, Libra Investment, Department of Labor, Labor, Occupational Safety, Health Administration, Labor Department Locations: New York, PacWest, Banc, California, State Bank of Elkhart , Kansas, America, United States, Santander, Florida, noncompliance, Tupperware

☆ The Fed’s expected rate hike is about to sweeten yields on these investments
▼ + stars: | 2023-07-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Federal Reserve is widely expected to boost interest rates by another quarter percentage point Wednesday afternoon – and that's terrific news for fixed income investors hoping to grab a little more yield. Since March 2022, the central bank has raised rates 10 times – with July's expected hike marking the 11 th increase – to cool inflation. Consider that during the week of March 11, 2022, the rate on the 2-year Treasury note was 1.75%, according to Refinitiv. Investors who wish to squeeze a little more interest income from their cash holdings have opted for Treasury bills, with the 6-month bill yielding 5.5%. By buying multiple notes of different maturities, investors can "ladder" these Treasurys and reinvest the proceeds from maturing bonds into longer-dated issues.

Persons: Greg McBride, maturities, tradeoffs, McBride, SLM —, Sallie Mae —, Nick Wells Organizations: Federal Reserve, Investors, Treasury, Bank of Locations: Bank of Indiana, Treasurys

☆ AI is supposed to make our jobs easier. These workers disagree
▼ + stars: | 2023-07-22 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.

Persons: hasn’t, Neil Clarke’s, Clarke, “, ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, ”, Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms

The proposal, which will kick off an ambitious agenda for Barr, plans to fully implement the globally agreed Basel bank capital agreement. BANKING OPPOSITIONThe banking industry is not waiting for details before trying to disrupt the effort, arguing it could hinder economic activity, curb lending, and kill lines of business. The criticism is also emerging among some Republican bank regulators, who appear likely to oppose the plans. Regulators will have to digest numerous and voluminous comments from the banking industry dissecting their plans. And in the meantime, banks are expected to continue hammering that higher capital requirements means a smaller economic role for banks and are not needed.

Persons: Michael Barr, Barr, Michael Barr's, Isaac Boltansky, Spokespeople, Kevin Fromer, Jerome Powell, Powell, Republican Andy Barr, Bill Foster, Tim Scott, Michelle Bowman, Barr's, Morgan Stanley, James Gorman, Pete Schroeder, Megan Davies, Andrea Ricci Organizations: Banking, Fed, Federal Deposit Insurance Corporation, Office, FDIC, Financial Services, Financial Services Committee, Republican, Senate, Committee, Regulators, White, Thomson Locations: Basel

☆ Tesla Model 3 vs. Model S: Which EV should you purchase?
▼ + stars: | 2023-07-17 | by ( Kyle Wilson | ) www.businessinsider.com time to read: +3 min

Tesla's Model 3 vs. Model S are two of the company's most popular vehicles. Two of the most popular Tesla models are the Tesla Model 3 and the Tesla Model S, so it wouldn't be surprising if you're interested in Teslas and have wondered about the differences between the two. There are some key differences to consider between the Tesla Model 3 and the Tesla Model S.For starters, the Model 3 was introduced five years after the original Model S. The base Tesla Model 3 costs at least $40,240, which is $48,250 less than the Model S starting price of $88,490. Ultimately, the refreshed Model S is a high-end luxury vehicle with more space and better performance than the Model 3. The Model S also has "ample" room in the "back seat for three kids, and two adults would be relatively comfortable," DeBord said.

Persons: Tesla, Insider's, Matthew DeBord, DeBord Organizations: Morning, Tesla, Model, Plaid, Porsche Locations: Germany, Québec, Canada

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