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Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
In today's big story, Amazon wants to stop employees skirting in-office mandates by tracking their hours spent in the office . The big storyPunching the clockGetty Images; Jenny Chang-Rodriguez/BIAt Amazon, coffee is for closers people who spend at least 2 hours in the office. AdvertisementBusiness Insider's Eugene Kim has a report on Amazon monitoring the hours its corporate employees spend in the office . Amazon and its employees have been in an ongoing battle over its return-to-office mandate, which was first announced early last year. AdvertisementFor Amazon employees, the RTO mandates have been shrouded in mystery and confusion.
Persons: , you've, Jenny Chang, Rodriguez, Eugene Kim, it's, Eugene, they've, Justin Sullivan, Getty, Dell, Polly Thompson, Lizzie Reed, Goldman Sachs, Mark McQueen, Elizabeth Reed, Donald Trump's, Fundstrat's Tom Lee, Russell, Deena So'Oteh, Greg Warnock, Warnock, Elon Musk, Tesla, Stephen Pasterino, Rachel Katzman's, Jennifer Aniston, Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Denver Airport, Business, Amazon, Foods, Dell, Computer, Workers, Goldman, Walmart, Treasury, Netflix, SpaceX, Lone Star State, Northeast, BI, Olympic, United Airlines, Johnson Locations: it's, Corporate America, Utah, California, Texas, Paris, Seine, New York, London
Goldman's 2024 class began in early June, and this summer's cohort represents the most competitive and selective yet. And not just intern to intern, but even the VPs and associates and analysts on your deal team really included you and made you feel very much part of it. You're meeting all these new people, you're getting assignments you're super excited to work on, and you're also trying to show your value. If you slow down and check the work, you're inherently going to learn it better and be able to apply it better. He was in municipal banking, and I was on the credit syndicate team – we were both analysts on a deal team.
Persons: Elizabeth Reed, Goldman Sachs, Lizzie, , Reed, Goldman, You've, it's, Emmalyse Brownstein, — that's, they're, I've, Obama Organizations: Service, Goldman Sachs ' New, University of Notre Dame, Business, NYU, Goldman, TXU Corp, Wall Locations: Goldman Sachs ', Goldman Sachs ' New York, New Jersey, New York City, New York
CNN —Sometime in late April, the Jewish cemetery in upstate New York where both of my parents are buried was vandalized. For now, the perpetrators remain unknown, though their motivation seems obvious to everyone in the Jewish community, near and far. Elizabeth Rosner Tora SmartRecently, CNN reported that nearly 180 gravestones at two Jewish cemeteries in Cincinnati were vandalized. Having been immersed in my highly autobiographical pages for two semesters, the students ask me questions that are respectful yet probingly intimate. For now, I sit with the German translation students in silence.
Persons: Elizabeth Rosner, CNN —, Elizabeth Rosner Tora Smart, I’ve, Robert Frost, Gustav Klimt, , General George Patton’s Organizations: Art, CNN, General George Patton’s Third Army Locations: New York, Cincinnati, Germany, Buchenwald, Hamburg, Vietnam, Israel
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Meanwhile, the gas index rose 2.2% from May 2023 to this past May, higher than the 1.2% year-over-year increase in April. The food index rose 2.1% for the 12 months ending May after it was consistently seeing year-over-year increases of 2.2%. More specifically, the food at home index rose 1.0% for the 12 months ending May after a 1.1% increase. Meanwhile, the food away from home index rose 0.4% in May from the preceding month and 4.0% year over year in May. Inflation measures like the CPI suggest US inflation is still too high although these rates look a lot better than back in 2022.
Persons: , it's, Elizabeth Renter, David Kelly Organizations: Service, Index, Bureau of Labor Statistics, Business, CPI, BLS, Housing, Morgan Asset Management
Read previewInflation and interest rates are still high, but Americans shouldn't count on any relief just yet. Advertisement"The status of the battle against inflation requires that interest rates remain elevated in the near-term," Hamrick said. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during the panel. But while job seekers and workers may find this cooldown concerning, that moderation is also welcome and the labor market is still strong. "Paired with high borrowing costs — like high interest rates on your credit cards — and the current economy can feel quite uncomfortable," Renter added.
Persons: , That's, Mark Hamrick, Hamrick, Jerome Powell, Powell, Joanne Hsu, Nick Bunker, Ted Rossman, Rossman, Elizabeth Renter, Renter, it's Organizations: Service, Federal Reserve, Bureau of Labor Statistics, CPI, Business, Federal, University of Michigan, North America Locations: Amsterdam, United States,
"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
That idea of guaranteed income is receiving renewed interest as AI becomes an increasing threat to Americans’ livelihoods. As more Americans’ jobs are increasingly at risk due to the threat of AI, Tubbs and other proponents of guaranteed income say this could be one solution to help provide a safety net and cushion the expected blow AI will have on the labor market. “Then, when we have to deal with that job displacement, we’re better positioned to do so.”Silicon Valley’s infatuation with guaranteed incomeThe idea of a guaranteed income is not new. AFP/Getty ImagesDecades after King’s death, the idea of guaranteed income went on to see a resurgence of support emanating out of Silicon Valley. Other tech industry tycoons, including Twitter co-founder Jack Dorsey, have also thrown immense financial support behind guaranteed income programs.
Persons: CNN — Michael Tubbs, Tubbs, , , ” Michael Tubbs, Nick Otto, ” Tubbs, Nathan Frandino, Let’s, Martin Luther King, Jr, I’m, ” King, King, Elon Musk, Mark Zuckerberg, Sam Altman —, Musk, Rishi Sunak, Zuckerberg, ” Altman, Altman, Sam Altman, Justin Sullivan, Elizabeth Rhodes, Jack Dorsey, Dorsey, Ken Paxton, ” Paxton, overreach, ‘ It’s, ’ Tomas Vargas Jr, Vargas, I’ve, that’s, ” Tomas Vargas Jr, Tomas Vargas Jr, ” Vargas Organizations: CNN, Getty, Global, Monetary Fund, Reuters, Stockton, Civil Rights, Washington DC, Elon, , UK, Harvard, Facebook, YCombinator, Twitter, UPS Locations: Stockton , California, Silicon Valley, Big, America, Stockton, AFP, San Joaquin, U.S, Washington, Alaska, YCombinator, San Francisco , California, United States, Texas, Harris, Harris County
But a Malibu couple's struggle to build an ADU shows how local governments are standing in the way. Jason and Elizabeth Riddick have been trying to build an ADU in their backyard in the pricey coastal enclave since July 2020. So they applied for a permit from the city to build a small ADU and a minor addition to their existing house. So the Riddicks sued the city and in July 2022, a Los Angeles County Superior Court judge sided with the couple. Again, the city appealed the decision, this time to the state supreme court this month.
Persons: , Elizabeth Riddick, Elizabeth, they've, Elizabeth said, Jason, David Deerson, Deerson, they're, ADUs Organizations: Service, Business, Malibu Times, Pacific Legal Foundation, New, New York City Locations: California, Los Angeles, LA County, New York
Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."
Persons: , Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City
King Charles diagnosed with cancer
  + stars: | 2024-02-05 | by ( Doha Madani | ) www.cnbc.com   time to read: +1 min
Britain's King Charles leaves the London Clinic after receiving treatment for an enlarged prostate in London, Britain January 29, 2024. King Charles III, 75, has been diagnosed with cancer, Buckingham Palace announced in a statement Monday. Buckingham Palace did not specify what form of cancer was diagnosed or at what stage it was found. The news comes a week after both Kate and King Charles were discharged from a private London clinic after individual procedures. King Charles ascended the throne last year in a May coronation ceremony months after the death of his mother, Queen Elizabeth II.
Persons: Britain's King Charles, King Charles III, Buckingham, Kate, King Charles, Queen Elizabeth II, Elizabeth, Prince William, Princess Organizations: Clinic, London's Air, Kensington Locations: London, Britain, Wales
Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.
Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St
But Republicans — who have joined Mr. Trump in spending the past four years baselessly attacking mail-in voting as unsecure — objected to the change. So the Nevada Republican Party decided to organize caucuses instead. Mr. Trump and the rest of the candidates who have since dropped out chose the party-run caucuses. Mr. Trump will collect the state’s delegates, but that won’t say anything about the competition between them, because no voter will have the option to choose between them. Still, Mr. Gellman said the split system could allow both candidates to declare victory in Nevada — as Mr. Trump already did on Tuesday night.
Persons: Nikki Haley won’t, Donald J, Trump, , unsecure —, Joe Lombardo, They’ll, Haley, Mike Pence, Tim Scott of, Haley won’t, Trump’s, “ Trump, DONALD J TRUMP, Michael McDonald, Jon Ralston, McDonald, Biden’s, Ron DeSantis, Ralston’s, DeSantis, , Mr, Lombardo, ” Mr, . Lombardo, “ Governor Lombardo, ” Elizabeth Ray, Jeremy Gellman, , Gellman, “ She’s, Organizations: Republican, Silver State, Democratic, Nevada Republican Party, Nevada Republicans, Republican National Convention, Silver, Republican Party, Gov, Mr, , , University of Nevada, Nevada Republican Locations: Nevada, South Carolina, Silver, Tim Scott of South Carolina, Florida, Reno
It’s that time of year again. The Thanksgiving leftovers are gone, and the December holidays beckon. Yes, it’s time to decorate. Whether that means running wild with ribbon and lights, breaking out the family heirlooms or bringing in greenery and flowering bulbs, there are few firm dos and don’ts. But the goal is always the same: creating a festive environment that makes you happy, whichever holidays traditions you observe.
Persons: Jung Lee, Elizabeth Roberts, Peter Pennoyer, Katie Ridder, Locations: beckon
According to a new American Express survey of small business owners, “55% anticipate Small Business Saturday will make a significant contribution to their overall holiday sales this year.” In a consumer survey conducted by the company in October, half of respondents said they plan to participate in the upcoming Small Business Saturday, and 85% said they anticipated shopping small this holiday season. Over the past 13 years, the company says consumers have reported spending nearly $184 billion during Small Business Saturday. American Express estimated that Small Business Saturday drove nearly $18 billion in consumer spending last year. Donnell Johns, who runs Veterans Growing America, an organization that supports veteran- and military-spouse-owned small businesses, said that Small Business Saturday is valuable because it creates an awareness for shopping small. For Ken Moorman, founder of Jirani Coffeehouse in Manassas, Virginia, Small Business Saturday means an average 10% uptick in sales than a typical Saturday.
Persons: Donnell Johns, We’ve, , Ken Moorman, , Covid, ” Moorman, it’s, ” Elizabeth Rutledge, Isabel Casillas Guzman, “ The, Harris, Bidenomics, Biden Organizations: New, New York CNN, Amazon, Walmart, American Express, , Small, Express, Business Administration, American Express ’, SBA, “ The Biden, Harris Administration, American, Pacific Islanders Locations: New York, Manassas , Virginia,
For years, a Native American tribe from the picturesque East End of Long Island has fought bitterly for formal state recognition, a designation that was stripped away more than a century ago by court decisions that are now widely considered racist. The New York State Legislature passed a bill four times in a decade to recognize the tribe, the Montaukett Indian Nation, but the legislation was vetoed each time — the first three occasions by Andrew M. Cuomo, and the last by Gov. The bill was written differently, and there were signs that Ms. Hochul might be receptive: She recently named an enrolled member of the Chickasaw Nation, Elizabeth Rule, as the state’s deputy secretary for First Nations. But on Friday, the Montauketts learned that their battle must continue. Ms. Hochul vetoed the legislation, saying that she did not see sufficient evidence to overturn the century-old ruling that the tribe “no longer functioned as a governmental unit” in New York.
Persons: Andrew M, Cuomo, Kathy Hochul, Hochul, Elizabeth Rule Organizations: New, Gov, Chickasaw, First Nations Locations: New York
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
‘Lessons in Chemistry’ and TV History
  + stars: | 2023-10-20 | by ( Annie Berke | ) www.nytimes.com   time to read: +1 min
In a scene in the Apple TV+ period drama “Lessons in Chemistry,” Elizabeth Zott (Brie Larson) prepares for her new job as host of a local cooking show with scientific rigor. Poised with pad in hand, Elizabeth, a chemist, concentrates keenly on her home television set, as if she were observing a chemical reaction. “How does one study TV?” her neighbor asks playfully. “Turn on Channel 4,” Elizabeth retorts. Based on Bonnie Garmus’s 2022 novel, “Lessons in Chemistry” follows the brilliant but frequently undervalued Elizabeth as she jumps from one chauvinistic 1950s milieu — an elite research institute — to another: local television.
Persons: ” Elizabeth Zott, Brie Larson, Elizabeth, ” Elizabeth, Bonnie Garmus’s Organizations: Apple, Los Angeles TV, Hollywood Locations:
Spotify — Shares of the music streaming service company fell 2.5% after Redburn Atlantic downgraded the streaming giant to neutral from buy. Tesla — The automaker's stock fell 2.3% in Monday trading upon news that the company's year-over-year sales declined 10.9% in China last month, according to data from the China Passenger Car Association. Oil stocks — Energy stocks soared following the escalation of the Israel-Hamas conflict over the weekend. Airline stocks — On a broader level, airline names were down after several major airlines suspended service to Israel following this weekend's attacks. United Airlines slid 5.3%, while Delta Air Lines and American Airlines shed 4.5% and 5.3%, respectively.
Persons: Elizabeth, Saket Kalia, Bristol Myers, Tesla, Baird, — Datadog, Hess, Northrop Grumman, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: General Dynamics Corp, Spotify, Atlantic, Amazon, Barclays, Therapeutics, Bristol, Bristol Myers Squibb, China Passenger Car Association, Motorola Solutions, Motorola, Bank of America, — Energy, Halliburton, CF Industries, Defense, L3Harris Technologies, General Dynamics, Airline, United Airlines, Delta Air Lines, American Airlines Locations: NASSCO, Norfolk , Virginia, China, Israel, Palestine
[1/11] Britain's King Charles and Queen Camilla receive flowers and a card from local school children as they leave Crathie Parish Church, near Balmoral, Scotland, Britain, after a church service, to mark the first anniversary of the death of Queen Elizabeth II. Elizabeth, Britain's longest-reigning sovereign, died aged 96 on Sept. 8 at Balmoral Castle, her Scottish summer retreat after a 70-year reign. 'SOLEMN'Charles' eldest son and heir Prince William and wife Kate paid their own tribute to the queen and will attend a private church service to commemorate her life. Prime Minister Rishi Sunak said the thoughts of the nation would be with Charles and his family on "the solemn anniversary". Polls suggest most Britons have a favourable view of his reign so far, although younger generations appear much less enthusiastic.
Persons: King Charles, Queen Camilla, Queen Elizabeth II, Elizabeth, Britain's, Charles, Prince William, Kate, Queen Elizabeth, Camilla, Crathie, Prince, Princess, Rishi Sunak, Prince Harry, Meghan, Prince Andrew, Jeffrey Epstein, Michael Holden, Alexandra Hudson, Angus MacSwan Organizations: LONDON, Balmoral, Scottish, St Davids Cathedral, London, Commonwealth, Thomson Locations: Crathie Parish, Balmoral, Scotland, Britain, Scottish, United Kingdom, Canada, Australia, New Zealand, Crathie Kirk, Wales, London
Hints of a progressive Californian spirit were soon in evidence, as composers started appearing onstage at Symphony Hall in Boston to introduce their works, and the atmosphere began to feel more engaged. But Samuel lasted a mere 18 months, stepping down in January for reasons that are still not clear. Smith, who for a long time was the adventurous Philharmonic’s programming guru, is hugely respected, and his hiring is cause for excitement, if some trepidation. In addition, Elizabeth Rowe, the principal flutist whose distinctive, ever-so-slightly melancholy tone has defined the sound of the modern Boston Symphony, has announced that she will leave her position next year. She sued the orchestra in 2018 to secure pay equal to that of the oboist who sits to her left, John Ferrillo.
Persons: Mark Volpe, Gail Samuel, Samuel, Chad Smith, Smith, Malcolm Lowe, Lowe, Joseph Silverstein, Richard Burgin, Alexander Velinzon, Elita Kang, Tamara Smirnova, Elizabeth Rowe, John Ferrillo Organizations: Boston Symphony, Los Angeles Philharmonic, Symphony Hall Locations: Boston, Angeles, North America
AR-10s for sale at the Belle-Clair Fairgrounds & Expo Center Gun Show, after the state of Illinois passed its "assault weapons" ban into law, in Belleville, Illinois, U.S., January 14, 2023. The state's high court in a 4-3 vote rejected arguments by a group of plaintiffs led by a Republican state Representative Dan Caulkins, that the ban violated the Illinois Constitution by not applying the law equally to all citizens. The plaintiffs also argued the law violated the right to keep and bear arms under the U.S. Constitution's Second Amendment. That Second Amendment argument is central to separate ongoing federal lawsuits also challenging Illinois' law. Reporting by Nate Raymond in Boston; Editing by Jonathan Oatis and Alexia GaramfalviOur Standards: The Thomson Reuters Trust Principles.
Persons: Kate Munsch, Dan Caulkins, Democratic Illinois Governor J.B, Pritzker, Elizabeth Rochford, Rochford, Lisa Holder White, David Overstreet, Mary Kay O’Brien, Nate Raymond, Jonathan Oatis, Alexia Garamfalvi Organizations: Belle, Clair Fairgrounds, REUTERS, Democratic, Republican, Democratic Illinois Governor, Protect, AK, U.S, Supreme, Thomson Locations: Illinois, Belleville , Illinois, U.S, Highland Park, Protect Illinois, New York, Boston
The big orange bungalow was nice, but it was the beech tree that cast a spell. On the day we toured the house, thousands of hard, spiny burrs enclosing beech nuts blanketed the side yard. That, we were told, was a mast year, the beech seeding in exceptional quantities — which, of course, I took as a sign. Mostly, I admire its generosity, its wordless willingness to care for what is not in any immediate sense its own. He tells us that it can kill a big tree like ours in less than 10 years.
Locations: North America
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