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☆ Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
▼ + stars: | 2023-09-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Fast-fashion retailers like Zara, Shein and H&M are using resale platforms to reduce their carbon footprints, but the programs are projected to do little to reduce emissions, a new study released Tuesday found. The study analyzed five brand archetypes, spanning fast fashion to premium apparel, and how reselling previously owned items could affect their overall carbon emissions between 2023 and 2040. It found that fast-fashion retailers, which create about 11.5 kilograms (25.3 pounds) of carbon dioxide for every item they make, will only reduce their emissions by 0.7% with resale programs. Outdoor brands, like Patagonia and the North Face, create about 12.5 kilograms of CO2 per item and could reduce emissions by 15.8%, according to the study. Ruben said it takes a lot of work for fast-fashion retailers to implement resale programs, but "you're not getting a lot of juice for the squeeze."

Persons: Andy Ruben, Tory Burch, Ralph Lauren, they're, Ruben, you've Organizations: Trove, Deloitte, McKinsey, University of California, CNBC, Outdoor, U.S . Securities, Exchange Commission Locations: Guangzhou, China, Brazil, Zara, Shein, Berkeley, Patagonia, reselling

☆ Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way
▼ + stars: | 2023-09-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Retail executives generally agree that retail theft is worse than they've ever seen. Even so, leaders from Costco, Lowe's, Best Buy, and Tractor Supply have said their businesses aren't so affected. The companies have five striking similarities that are helping them win the war on retail theft. "Organized retail crime is worse now than I've ever seen it," Tractor Supply CEO Hal Lawton told Insider in August. Meanwhile, a typical Tractor Supply location may have as many as eight people working in a relatively small, 20,000 square-foot store.

Persons: Hal Lawton, I've, Marvin Ellison, Corie Barry, Richard Galanti, We've, Lawton, Dominick Reuter, John Tlumacki, Ben Tobin, they're, Paul Hennessy, Lowe's, Mario Tama, Barrie, Ellison Organizations: Costco, Lowe's, Tractor Supply, Service, Goldman Sachs, Conference, Supply, Massachusetts Costco, Boston Globe, Getty, Electronics, Retailers, Tractor Locations: Wall, Silicon, Massachusetts, Costco, Orlando

☆ The IPO market has been frozen for 2 years. Arm and Instacart point to a thaw coming in 2024.
▼ + stars: | 2023-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Before Tuesday, the grocery brand secured a $10.2 billion valuation fully diluted, far below the $39 billion valuation it earned during the pandemic. Experts explained what Instacart and Softbank-backed Arm's debuts means for the broader IPO market, which has been ice-cold for 2 years. AdvertisementAdvertisementExperts say venture capital firms, stock market investors, and any private company mulling an IPO will be closely monitoring the how newly-public names trade over the coming months. "But I do think the public market getting behind companies [like Arm and Instacart] is a signal the market is opening up." "The IPO market is open but it's not indiscriminate," Coben told Insider on Tuesday.

Persons: Munafo, Craig Coben, Coben, Rachel Gerring, Gerring, Instacart, it's, Jerome Powell's Organizations: Service, Arm, Federal Reserve, Fund, London Stock Exchange, Bank of America Locations: Wall, Silicon, Americas

Goodwin is the CEO and formulator of Olipop, a "healthier" prebiotic soda on track to surpass $200 million in sales by the end of the year. Here's how Goodwin and Lester turned a $100,000 investment into a multimillion-dollar business capable of selling $20 million worth of soda a month. They agreed to meet at a coffee shop in Palo Alto in early 2013 to discuss a potential partnership in Ben's probiotic soda company – Obi. However, Obi didn't see the success and traction they'd hoped for, and in 2016, Goodwin and Lester sold Obi. Ben Goodwin and David Lester became partners in Goodwin's probiotic soda company, Obi, in 2013.

Persons: Ben Goodwin, Goodwin, David Lester, Olipop, Lester, Gen Z, gravitate, I'd, Gary Erickson, Jes Gallegos, Jim Ilehder, São Paulo, Ben, – Obi, David, Van Leeuwen, Obi, Obi didn't, hadn't, would've, Gwyneth Paltrow, Mindy Kaling, Jonas, Joe, Nick, Kevin, they've Organizations: CNBC, University of California, Clif, Hardware, Diageo, U.S . Midwest, Target, Walmart Locations: Northern California, Santa Cruz, TikTok, University of California Santa Cruz, San Francisco, Palo Alto, Ben's, Santa, probiotics, Jerusalem, U.S, Washington

☆ The raw materials for creating AI
▼ + stars: | 2023-09-15 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com time to read: +5 min

The AI models behind this technology are built using high-quality datasets from millions of different sources. These are the raw materials for model "training," in industry parlance. Nvidia GPUs are the main hardware required for AI model training. AdvertisementAdvertisementOver 8,000 authors, including Margaret Atwood and James Patterson, signed an open letter demanding compensation from AI companies for using their works to train AI without permission. Got a tip or insights about the leading AI companies OpenAI, Google, Microsoft and Meta?

Persons: ChatGPT, Nat Friedman, Ben Thompson, Friedman, There's, OpenAI, Reddit, Sarah Silverman, Margaret Atwood, James Patterson, JK Rowling's Harry Potter, Alistair Barr Organizations: Service, Nvidia, Tech, Amazon, LexisNexis, Meta, Google, Microsoft, Twitter Locations: Wall, Silicon, abarr@insider.com

☆ More repression, yet more resistance: Iran one year after the Mahsa Amini protests
▼ + stars: | 2023-09-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

A protester holds a portrait of Mahsa Amini during a demonstration in support of Amini, a young Iranian woman who died after being arrested in Tehran by the Islamic Republic's morality police, on Istiklal avenue in Istanbul on Sept. 20, 2022. Roughly one year ago, the death of a young Kurdish Iranian woman named Mahsa Amini in police custody lit the fuse that would set off months of protests that rocked Iran and its hardline government, creating the greatest challenge to its rule in decades. Amini, just 22 years old, was arrested for allegedly improperly wearing her hijab, the headscarf women are required to wear under Iran's highly conservative Islamic Republic. Iranian authorities claimed no wrongdoing and said Amini died of a heart attack; but her family, and masses of Iranians, accused the government of a cover-up. The protests spread across the country and evolved from being focused on women's rights to demanding the downfall of the entire Iranian regime.

Persons: Mahsa, Amini, Behnam ben Taleblu Organizations: Islamic, Foundation for Defense, Democracies, CNBC Locations: Iranian, Tehran, Istanbul, Kurdish Iranian, Iran, Islamic Republic

☆ Some of the 'big macro issues' worry us: J.P. Morgan
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSome of the 'big macro issues' worry us: J.P. MorganBen Thompson, head of EMEA Leveraged Finance Capital Markets at J.P. Morgan, discusses the macro-economic outlook, U.S. interest rates and markets sentiment.

Persons: J.P, Morgan Ben Thompson, Morgan Organizations: EMEA, Finance Capital Markets, J.P

☆ One year out, here’s what we know about how the presidential race will look on Labor Day 2024
▼ + stars: | 2023-09-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +15 min

CNN —Much remains unknown of course about the presidential general election whose traditional kick-off will come one year from today on Labor Day, 2024. Twenty states have likewise voted for the GOP presidential nominee in all four of those contests. That means 40 of the 50 states, or 80%, have voted the same way in four consecutive presidential elections. In the presidential elections of 2012, 2016 and 2020, though, the states where the margin of victory landed within four points of the national vote total dwindled. Eventually a Democratic choice to write off Florida and Ohio could provide a tactical benefit for the GOP presidential nominee.

Persons: ”, Doug Sosnik, Bill Clinton, Barack Obama’s, Joe Biden’s, Franklin D, Roosevelt, Trump, hasn’t, Obama, Kyle Kondik, Ball, Kondik, Amy Walter, Biden, Crystal Ball, Cook, Trump’s, headwinds, Republican Sen, Ron Johnson, Roy Cooper, Erika Franklin Fowler, “, George W, Bush’s, Hillary Rodham Clinton, Michael Bloomberg, I’ve, Steve Schale, Schale, don’t, it’s, “ Biden, Ben Tulchin, Fowler Organizations: CNN, Labor, White, Democratic, GOP, University of Virginia’s Center for Politics, Electoral College, Trump, Democrats, Crystal Ball, New Hampshire, Republican, White House, Biden, Pennsylvania Senate, Democratic Gov, Wesleyan Media Project, Wesleyan University, Electoral, Republicans, ”, Wisconsin, District, New, New York City, Sunshine Locations: Indiana , Iowa , Ohio, Florida, North Carolina, Arizona, Georgia, Wisconsin, Michigan, Nevada, Pennsylvania, New Hampshire, Arizona , Georgia, New, dislodging Michigan, Nebraska, Ohio, New York, Minnesota, New Hampshire , Virginia, Oregon, Texas

☆ Britain's Royal Blood finds spiritual home in US
▼ + stars: | 2023-08-30 | by ( Sarah Mills | ) www.reuters.com time to read: +2 min

Aug 30 (Reuters) - Rock duo Royal Blood began its life in the southern English coastal resort of Worthing, but says it feels at home in the United States, where it will tour its fourth full length album to be released on Friday. It has toured in the United States for nearly a decade and heads there in September after dates in Britain. "I feel like in America, rock'n'roll (is) such a part of the language," lead singer Mike Kerr told Reuters. Still, he said he had never felt more confident lyrically than in their new album "Back to the Water Below". Thatcher said the lead single "Mountains At Midnight" was classic Royal Blood rock, but other tracks, such as "Pull Me Through", were more introspective.

Persons: Blood, Mike Kerr, Kerr, Ben Thatcher, Thatcher, Barbara Lewis Organizations: Reuters, U.S, Billboard, Thomson Locations: Worthing, United States, Brighton, Britain, America

☆ Canada's Arop goes from back to front to take 800m gold
▼ + stars: | 2023-08-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

BUDAPEST, Aug 26 (Reuters) - Canada's Marco Arop foxed his rivals with a radical change of tactics and then poured on the pace to win a brilliant 800 metres World Championship gold on Saturday. Arop, the bronze medallist last year, kept his foot down to win comfortably in 1:44.24. Now it's going to be hard to beat a gold medal - I'll just have to repeat it, I guess." "Before the race my coach told me I could race to win or race for a medal. I said I wanted to win," said Pattison, who was the second-slowest coming into the nine-man final field.

Persons: Marco Arop foxed, Kenya's Emmanuel Wanyonyi, Ben Pattison, Britain's, Adrian Ben, Arop, Eugene I, Pattison, Josh Kerr, Mitch Phillips, Pritha Sarkar, Ken Ferris Organizations: Thomson Locations: BUDAPEST, Sudan, Eugene

☆ This startup is helping the ocean absorb more harmful carbon emissions
▼ + stars: | 2023-08-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The ocean, often likened to the lungs of the planet, is the world's largest natural carbon sink. Now, companies such as Equatic, Captura, Running Tide and a startup called Ebb Carbon are using new technology to restore ocean chemistry and speed up its natural abilities. "We're restoring the balance in the ocean chemistry and enabling the ocean to absorb CO2 and convert it to a safe stable form," said Ben Tarbell, co-founder and CEO of Ebb Carbon. "Right now, there are very large voluntary carbon markets, large corporations willing to pay to remove carbon from the atmosphere to offset emissions in other parts of their business. In addition to Prelude, Ebb Carbon is backed by Evok Innovations, Congruent Ventures and Propeller.

Persons: it's, Ben Tarbell, Tarbell, Gabriel Kra, Lisa Rizzolo Organizations: Ebb, Ventures, Prelude Ventures, Evok, CNBC Locations: Sequim Bay, Washington

☆ How Bob Iger's big plan to shrink Disney could pay off and how it could backfire, according to industry insiders
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun

☆ Bob Iger is moving to shrink Disney — here's how industry insiders see his playbook and its potential pitfalls: 'Everything is not OK'
▼ + stars: | 2023-08-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

In 2016, Allbirds received B Corp certification, a designation given to companies that work to advance environmental and social causes, and shareholder concerns. AllbirdsFor Allbirds, the designation codified, "how we take into account the impact our actions have on all of our stakeholders, including the environment, our flock of employees, communities, consumers, and investors." Sources: Harvard Business Review, Allbirds S-1

Persons: Allbirds Organizations: Corp, Harvard Business

☆ How Van Leeuwen turned a $60,000 investment into a $300,000-a-day ice cream empire
▼ + stars: | 2023-08-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +8 min

An introduction to ice creamBen Van Leeuwen earned money in college by driving a Good Humor ice cream truck. From left: Ben Van Leeuwen, Pete Van Leeuwen and Laura O'Neill. Van Leeuwen Ice CreamDespite their best efforts, they were only able to raise a total of $60,000 from 15 friends and family members. Van Leeuwen Ice CreamVan Leeuwen Ice Cream was a hit from day one. Van Leeuwen Ice Cream CEO and co-founder Ben Van Leeuwen at a Williamsburg, Brooklyn scoop shop.

Persons: Ben Van Leeuwen, Ben, Van, Van Leeuwen, Leeuwen, SpongeBob, hadn't, I'm, Pete, Laura O'Neill, Thomas Keller's, Laura, Pete Van Leeuwen, Van Leewen, There's, it's, Van Leeuwen's, Lauren Shamo, Tasia Jensen Organizations: CNBC, Walmart, Foods, Mister, eBay, Subaru Impreza, Prince, Kraft, Cream Locations: Washington ,, Van Leeuwen, Greenpoint , Brooklyn, New York, SoHo, Southeast Asia, Europe, Spain, Italy, France, American, New York City, York, Bronx, Greene, Van, Greenpoint, Brooklyn, Williamsburg , Brooklyn

☆ Exclusive: Israel's El Al in talks to buy Airbus jets in potentially historic shift
▼ + stars: | 2023-08-10 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. A decision likely would be made early in 2024, Ben Tal Ganancia said. At list prices the investment would be near $4 billion but El Al would likely pay far less after discounts. "It is serious," Ben Tal Ganancia said of the talks with Europe's Airbus. In the second quarter, El Al earned a net $59 million versus net profit of $100 million a year earlier.

Persons: Israel El, Eric Gaillard, Dina Ben Tal Ganancia, Ben Tal Ganancia, El Al, Steven Scheer, Tim Hepher, David Goodman, Mark Potter Organizations: Nice, REUTERS, TEL, Al Israel Airlines, Airbus, El, Boeing, Reuters, El Al, Tel Aviv Stock Exchange, Europe's Airbus, Ben Gurion, Revenue, Ben Gurion International Airport, Thomson Locations: Israel, Tel Aviv, France, TEL AVIV, United States, El, Asia, Australia, North America, Istanbul, Dublin, Tokyo, Mumbai, Fort Lauderdale

☆ Fake goods are everywhere online, experts say. Here's how to spot them.
▼ + stars: | 2023-08-10 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +7 min

New technology and the rise of online shopping has made it easier for scammers to sell fakes. These are the top tips to avoid buying a fake online. The rise of online shopping, particularly during the pandemic, fueled the market for counterfeit products. Here are six tips from experts on what to watch out for when you're shopping online:1. If you see any of these warning signs, the product very well could be fake," the IACC warns online.

Persons: Joe Simone, DK Lee, Jen Hanks, Lee, It's, Ben T, Smith IV, Kearney, Simone, Bob Barchiesi, Insider's Hillary Hoffower, Smith, it's Organizations: Service, Economic Co, Trade, eBay, Walmart, American Apparel & Footwear Association, Amazon, International Anticounterfeiting Coalition Locations: Wall, Silicon, Hong Kong

☆ Why Taco Bell’s free taco giveaway is happening everywhere but New Jersey
▼ + stars: | 2023-08-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

The giveaway is valid in 49 states but not in New Jersey, the only place where the Taco Tuesday trademark is not canceled. Taco John’s, the regional taco chain that had “Taco Tuesday” trademarked for 34 years, announced last month that it’s ending its fight in defending the phrase against Taco Bell’s lawyers. Taco Bell argued “Taco Tuesday” is a common phrase every restaurant should be able to use. Leading up to the event, Taco Bell will offer a free Doritos Locos Taco on Tuesdays (August 15, 22, 29 and September 5). CNN has reached out to Taco Bell about its plans for New Jersey.

Persons: Taco Bell, Taco John’s, We’re, ”, Emma Gregory, Gregory, Gregory’s, Gregory Gregory, “, “ We’ve, Taco, Jim Creel, Josh Gerben Organizations: New, New York CNN, Taco, US, Taco John’s, CNN, Taco Bell, Locos Locations: New York, New Jersey, Somers Point , New Jersey, Taco, Jersey, –, . New Jersey

☆ Elon Musk's rebrand of Twitter to 'X' could get him in legal trouble with Mark Zuckerberg and Microsoft, experts say
▼ + stars: | 2023-07-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

Elon Musk's Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. Meta's trademark for a white-and-blue X relates to "social networking services in the fields of entertainment, gaming and application development." The announcement comes just weeks after the launch of Threads, a Meta-owned app seen by some as a "Twitter clone." X may be "powered by AI" in the future, as Yaccarino noted, but the first phase of Twitter's rebrand is simple for now.

Persons: Elon, Mark Zuckerberg, Musk, Linda Yaccarino, Josh Gerben, Stacy Wu, Wu, didn't, Yaccarino, Joe Biden, Kamala Harris, Biden, " Biden, adieu Organizations: Twitter, Meta, Microsoft, Reuters, CNBC, Google Locations: we're, New York, China

☆ Taco Bell and Taco John's drop their 'Taco Tuesday' fight
▼ + stars: | 2023-07-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell. Taco Bell didn’t immediately respond for comment. Taco John’s has owned the trademark in every state except New Jersey since 1989. “If the case was litigated to the end, Taco John’s could have suffered a significant public-relations loss. By bowing out of the court fight at this point, given the low probability of winning, Taco John’s can work to control the court of public opinion around the issue.

Persons: “ We’ve, Taco, Jim Creel, Taco Bell, Creel, Taco John’s, Josh Gerben, ”, “ Organizations: New, New York CNN, Taco Bell, US, Taco John’s, Taco, of Restaurant Employees, CORE, CNN Locations: New York, Taco, New Jersey

☆ Early Google exec Urs Holzle to step down from executive management role amid cloud shakeup
▼ + stars: | 2023-07-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Urs Holzle, Google's senior vice president for technical infrastructure, speaks about the Google Cloud Platform during a conference on June 25, 2014, in San Francisco. 8 Urs Holzle will step back from management after 24 years of leading technical teams, CNBC has learned. Most recently leading technical infrastructure for Google Cloud and reporting directly to CEO Thomas Kurian, Holzle oversaw an organization that consisted of more than 12,000 full-time employees. The move comes amid a shakeup within the company's cloud organization, according to an email from Cloud CEO Thomas Kurian viewed by CNBC. Ben Treynor Sloss, vice president of engineering at Google Cloud, will begin reporting directly to Kurian.

Persons: Urs Holzle, Google's, Thomas Kurian, Holzle, he's, Chris Vonderhaar, Ben Treynor Sloss, Kurian, Jeff Dean, he'd Organizations: Google, CNBC, Cloud, Services, AWS, Center, Amazon, Microsoft Locations: San Francisco, New Zealand

☆ Montana GOP Senate candidate's old Facebook includes lewd photos of women, racist costumes, and homoerotic jokes
▼ + stars: | 2023-07-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Montana GOP Senate candidate Tim Sheehy's old Facebook profile is full of questionable photos. Screenshot/Tim Sheehy's FacebookOne week earlier, Sheehy posted a photo of a woman posing on exercise equipment with one nipple exposed. Screenshot/Tim Sheehy's FacebookOther photos appear to show Sheehy partying with friends while a student at the Naval Academy. "Well hey, at least you don't look like Sam here [sic]," Sheehy wrote, possibly referring to the woman in the photo. Screenshot/Tim Sheehy's FacebookSheehy (right) and other students posing in a homoerotic manner in a dorm room.

Persons: Tim Sheehy's, Sheehy, Tim Sheehy, They'd, Sen, Jon Tester, who've, Matt Rosendale, That's, Timothy Patrick, —, Carmen Sheehy, Carmen, Sheehy's, carmen, Saddam Hussein, Kim Jong Il, KIM, Hussein, Carmen —, weiner, Sam, Sheehy's Facebook Sheehy, Katie Martin, Tester, Ben Terris, Terris, Martin Organizations: Montana GOP, Facebook, Service, US, Republicans, Navy, Republican, US Army Ranger School, US Naval Academy, Naval Academy, Sheehy's Facebook Locations: Montana, Wall, Silicon, Georgia, Maryland, American, North Korean, Afghanistan, Fort Benning , Georgia

☆ AOC says she's 'concerned' Biden might derail a bipartisan push to study psychedelics since he's regressive on cannabis
▼ + stars: | 2023-07-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

The New York Democrat worried the president's "regressiv[e]" approach to cannabis could carry over. "And if there's a regressiveness toward cannabis policy, it's likely to be worse on anything else." The New York Democrat is trying to remove federal limits on scientific research for psychedelics that have blocked further study of the drugs. While the White House did not comment on the record to Terris, he recounted the president's mixed approach to cannabis policy. The New York Democrat said when she first introduced her legislation in 2019, an unnamed senior member of her party laughed at her.

Persons: Alexandria Ocasio, Cortez, Biden, —, she's, Joe Biden, Ben Terris, there's, he's, Dan Crenshaw, Terris, Crenshaw Organizations: New, New York Democrat, Service, Privacy, Democratic Rep, Cortez of New York, Texas Republican, Veterans Administration Locations: Alexandria, New York, Cortez of New, Washington, Las Vegas, Texas, psychedelics

☆ Wrexham's Tozer slams EFL towel ban for throw-ins
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

June 24 (Reuters) - Wrexham defender Ben Tozer has criticised the English Football League (EFL) ban on towels to dry the ball before long throw-ins, claiming the tactics are not "anti-football". The new rule on the towel ban approved earlier this month will also prevent players from using items of clothing offered up by fans to dry the ball for better grip. Instead, the EFL will follow the Premier League's example of a multi-ball system to speed up play in its competitions from the 2023-24 season. "I might have upset someone in the EFL because they're trying to ruin my career. But they will first entertain their new-found fans in the United States when they face Chelsea and Manchester United in next month's pre-season tour.

Persons: Ben Tozer, Tozer, I've, Tony Pulis's, Rory Delap, Ryan Reynolds, Rob McElhenney, Rohith Nair, Ken Ferris Organizations: Wrexham, English Football League, BBC, Premier League, Tony Pulis's Stoke City, Hollywood, MK Dons, Chelsea, Manchester United, Thomson Locations: Wrexham, United States, Bengaluru

☆ FTX’s Rise and Fall in Washington Shows You Just How Lost D.C. Is Without Trump - The New York Times
▼ + stars: | 2023-06-15 | by ( Ben Terris | ) www.nytimes.com time to read: +1 min

Before everything fell apart, Gabe Bankman-Fried believed he had a superpower that could help him deal with Washington’s many blowhards and suck-ups. “I spent a lot of the last year staring into the eyes of politicians,” he told me in October 2022. And thanks to Gabe’s brother, Sam Bankman-Fried, the then-billionaire and head of the FTX cryptocurrency exchange, GAP had plenty of that. Sam Bankman-Fried dropped $27 million into Protect Our Future, a super PAC with similar stated goals. This kind of money made Gabe a big deal in Washington.

Persons: Gabe Bankman, Fried, “, ”, Sam Bankman, Gabe Organizations: GAP, Washington Locations: Washington

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