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☆ Why the UK government's tax cuts still leave workers worse off
▼ + stars: | 2023-11-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

British Finance Minister Jeremy Hunt that the U.K. economy would not enter a technical recession in 2023, while announcing the government's spring Budget. The U.K. National Insurance is a tax on workers' income and employers' profits to pay for state social security benefits, including the state pension. Touted by the Conservative party as the "largest ever tax cut for workers," the move nevertheless does not shield taxpayers from the effect of frozen tax thresholds that tip more of their income into higher tax brackets, as nominal wages rise. In March 2021, then-Finance Minister Rishi Sunak announced that the personal allowance (PA) and higher-rate thresholds (HRT) of income tax would be frozen for four years until April 2026. Alongside extending the freezes, Hunt in November 2022 froze the upper earnings limit for NI contributions and lowered the additional rate hold from £150,000 to £125,140 from April 2023.

Persons: Jeremy Hunt, Dan Kitwood, Rishi Sunak's, Hunt, Rishi Sunak, Torsten Bell, Paul Johnson Organizations: British, Getty, Finance, National Insurance, Labour Party, Rishi Sunak's Conservative, Insurance, Conservative, Treasury, Institute for Fiscal Studies

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. Cruise had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. GM lost more than $700 million at Cruise in the third quarter and more than $8 billion since 2016. Cruise has operations in Phoenix and Austin, where regulators have been more accommodating. As part of its previous expansion plans, Cruise had last year asked the National Highway Traffic Safety Administration (NHTSA) for permission to deploy up to 2,500 self-driving vehicles annually without human controls.

Persons: Elijah Nouvelage, Kyle Vogt, Daniel Kan, Cruise, Paul Jacobson, Mary Barra, Morgan Stanley, Adam Jonas, Waymo, Samrhitha, David Shepardson, Joe White, Sayantani Ghosh, Arun Koyyur Organizations: San, GM Bolt, REUTERS, General Motors, Cruise, GM, Reuters, United Auto Workers, FRANCISCO GM, Traffic Safety Administration, NHTSA, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington, Phoenix, Austin, Bengaluru, Detroit

☆ British tax cut spells trouble in store for next government
▼ + stars: | 2023-11-22 | by ( William Schomberg | ) www.reuters.com time to read: +4 min

UK Parliament/Jessica Taylor/Handout via REUTERS Acquire Licensing RightsLONDON, Nov 22 (Reuters) - British finance minister Jeremy Hunt's big tax cut surprise could help the ruling Conservatives recover some favour among voters, but it threatens to store up budget problems for whichever party wins power after the expected 2024 election. Combined with his decision to make permanent the incentives for business investment announced earlier this year, Hunt's package of tax cuts would be worth about 20 billion pounds ($25 billion)a year by the 2028/29 tax year. "The giveaways announced today are funded by handing whoever wins the next election implausibly large spending cuts," Torsten Bell, chief executive of the Resolution Foundation, said. Hunt is likely to remain under pressure from within his party to go further with more tax cuts in a final pre-election budget statement expected in March. "There's a material risk that those plans prove undeliverable and today's tax cuts will not prove to be sustainable," Johnson said.

Persons: Jeremy Hunt, Jessica Taylor, Handout, Jeremy Hunt's, Hunt, Liz, Rishi Sunak, Labour Party's, Rachel Reeves, Torsten Bell, Investec, David Jones, Paul Johnson, Johnson, William Schomberg, Elizabeth Piper, Alexander Smith Organizations: REUTERS Acquire, Wednesday, Labour, Conservative, Bank of England, Institute for Fiscal Studies, Thomson Locations: London, Britain, British

[1/5] Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street for the House of Commons to deliver his autumn statement, in London, Britain, November 22, 2023. "After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track," Hunt told parliament on Wednesday in his Autumn Statement fiscal update. Hunt pointed to OBR forecasts showing the government would meet its targets for the public finances, leaving open the possibility of further pre-election giveaways to voters in his full budget statement expected in early 2024. Sunak this week promised "responsible" tax cuts, mindful of last year's "mini-budget" turmoil in financial markets triggered by his predecessor Liz Truss's plans for much bigger tax cuts. This time last year, the newly installed Sunak and Hunt raised taxes sharply to quell the bond market mayhem.

Persons: Jeremy Hunt, Stefan Rousseau, Hunt, Rishi Sunak's, Paul Johnson, we've, giveaways, Johnson, BoE, Philip Shaw, Liz Truss's, Muvija M, Paul Sandle, Sarah Young, William James, Elizabeth Piper, Alistair Smout, Andrew MacAskill, James Davey, Suban Abdulla, Farouq Suleiman, Kate Holton, Sumanta Sen, William Schomberg, Catherine Evans Organizations: REUTERS Acquire, Labour, Labour Party, Institute for Fiscal Studies, Gross, Reuters Graphics, Bank of England, Graphics, Thomson Locations: London, Britain, British

☆ GM to hold Nov. 29 business update after UAW contract deal
▼ + stars: | 2023-11-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies General Motors Co FollowNov 21 (Reuters) - General Motors (GM.N) said on Tuesday it will give a Nov. 29 business update following the ratification of new labor agreements in the United States and Canada. GM CEO Mary Barra and Chief Financial Officer Paul Jacobson will hold a conference call with analysts. The United Auto Workers union on Monday said members had approved a new labor deal through April 2028 that will boost GM's labor costs, including an immediate 11% pay hike. Before the additional $1 billion in cuts announced in July, the automaker earlier this year said it would cut fixed costs by $2 billion by the end of 2024.

Persons: Rebecca Cook, Mary Barra, Paul Jacobson, Daniel Kan, Kyle Vogt, David Shepardson, Jonathan Oatis Organizations: General Motors, REUTERS, United Auto Workers, New York Stock Exchange, Detroit, Cruise, GM, National Football League, EV, Thomson Locations: Detroit , Michigan, U.S, United States, Canada, California

But right now, the unit's operations are shut down as regulators investigate the safety of Cruise's self-driving vehicles. Cruise had $1.7 billion in cash as of Sept. 30, enough to last nine months at the current cash burn rate. As Cruise's troubles intensified, investors on Thursday sent GM shares down more than 3% to $26.65, its lowest closing price since August 2020. In addition to the problems at Cruise, GM last month agreed to a costly new contract with the United Auto Workers, and scaled back plans to expand electric-vehicle production. California regulators suspended Cruise's license to operate, and have accused Cruise officials of misrepresenting information about the incident.

Persons: Heather Somerville, Mary Barra, Cruise, Cruise's, Lawrence Paustian, Barra, Quinn Emanuel, Shinji Aoyama, It's, Kyle Martin, Martin, Jason Petitte, Paul Jacobson, Biden, Ben Klayman, Joseph White, David Shepardson, Matthew Lewis Organizations: General Motors Corp, REUTERS, Rights DETROIT, General Motors, GM, Honda, Cruise, United Auto Workers, Pzena Investment Management, Reuters, Westwood Group, California Department of Motor Vehicles, U.S . National, Traffic, Administration, Thomson Locations: San Francisco , California, U.S, Cruise, Japan, Chicago, Waymo, San Francisco, California, Detroit, Washington

☆ Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
▼ + stars: | 2023-11-10 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.

Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco

☆ Mystery of ‘Stick Man’ on Led Zeppelin album cover finally solved
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Amarachi Orie | ) edition.cnn.com time to read: +3 min

London CNN —After more than half a century, the identity of the elderly, stick-carrying man featured on the “Led Zeppelin IV” album cover has finally been revealed. The “Stick Man” who featured on the cover of English rock band Led Zeppelin’s 1971 fourth studio album was a thatcher from the late-Victorian era, the Wiltshire Museum in southwestern England said in a statement Wednesday. Led Zeppelin members (left - right) John Paul Jones, John Bonham, Jimmy Page and Robert Plant pose in front of their private airliner The Starship in 1973. This colored version was the only feature on the “Led Zeppelin IV” album cover, which, unusually, had no words on it, not even the band’s name. “It is fascinating to see how this theme of rural and urban contrasts was developed by Led Zeppelin and became the focus for this iconic album cover 70 years later,” the museum’s director, David Dawson, said in the statement.

Persons: thatcher, Wiltshire thatcher, Longyear –, Brian Edwards, UWE Bristol, Wiltshire Thatcher, Edwards, Ernest, Zeppelin, Robert, Jimmy, John Paul, ” Edwards, John Paul Jones, John Bonham, Jimmy Page, Robert Plant, Ernest Howard Farmer, Jimmy Page’s, David Dawson Organizations: London CNN, Wiltshire Museum, University of the, England, Regional, BBC Radio Wiltshire, Zeppelin, Hulton Locations: England, Wiltshire, Mere , Wiltshire, Shaftesbury, Whitsuntide, ”, Berkshire

☆ Cold War US spy satellite images reveal nearly 400 undiscovered Roman forts
▼ + stars: | 2023-10-29 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Satellite images taken during the Cold War have revealed almost 400 previously unknown Roman forts. AdvertisementAdvertisementSatellite images taken during the Cold War have revealed almost 400 previously undiscovered Roman forts across Iraq and Syria, archaeologists said. He mapped 116 Roman forts along a 1,000 km, or roughly 620-mile, border, suggesting that these represented a defensive line against Arab and Persian invaders due to their spacing. Antiquity/US Geological SurveyThe new research found a further 396 previously undiscovered forts, suggesting that the region was more likely a hub of global trade. Cold War imageryThe photographs used in the study came from declassified spy images from the CORONA and HEXAGON satellite programs.

Persons: —, Antoine Poidebard, Jesse Casana, Casana, PAUL J, RICHARDS Organizations: Service, French Jesuit, Survey, Dartmouth College, CIA, National Museum of, United States Air Force, Analysts Locations: Iraq, Syria, French, Soviet

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

☆ GM earnings rise despite strike
▼ + stars: | 2023-10-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The company’s earnings per share rose to $2.28, up from $2.25, in the past quarter. The company said that the strike cost it $200 million in its first two weeks of the quarter. The UAW has been on strike against GM as well as rivals Ford and Stellantis since September 15. The targeted strike started with work stoppages at one assembly plant for each of the automakers and 12,700 on strike but has grown since then. There are now more than 40,000 autoworkers on strike, with 9,200 members on strike at GM alone.

Persons: Refinitiv, Shawn Fain, “, ”, Paul Jacobson, we’re, Mary Barra, “ It’s, ” Barra Organizations: New, New York CNN —, Motors, United Auto Workers, Revenue, UAW, GM, Ford, CNBC, EV, GM Financial, Chevrolet, GMC Yukon Locations: New York, Stellantis, China, Wentzville , Missouri, Lansing , Michigan, Arlington , Texas, Suburban, Ford, Arlington

Revenue of $44.13 billion rose 5.4% and also exceeded estimates of $42.48 billion, according to data provider FactSet. The UAW has been on strike since Sept. 15 — nearly six weeks — against GM and its Detroit competitors, Ford and Jeep maker Stellantis. Jacobson said the third-quarter strike loss was $200 million, since the walkouts were only in effect the final two weeks of the period. Jacobson said GM still expects to start turning low-to-mid single-digit profit margins on electric vehicles in 2025. The company's U.S. sales rose 21%, and Jacobson said the average U.S. selling price for GM vehicles was $50,750, down only slightly from the previous quarter.

Persons: Paul Jacobson, Jacobson, “, ” Jacobson, ” Jessica Caldwell, ” Organizations: DETROIT, General Motors, United Auto Workers union, GM, Wall, UAW, Detroit, Ford Locations: Detroit, Sterling Heights , Michigan, Louisville , Kentucky, Michigan, North America

☆ G.M. Profit Down 7% in Strike-Affected Quarter
▼ + stars: | 2023-10-24 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

said the strike had lowered its earnings before interest and taxes by about $200 million in the final weeks of the third quarter, and by about $600 million since the fourth quarter started on Oct. 1. The automaker also estimated that the strike could cost it $200 million a week going forward. gave the union a contract offer that included a 23 percent increase in wages over four years. wage from $32 an hour to more than $40. At that wage, an employee working 40 hours a week would earn about $84,000 a year, not including extra pay for overtime or profit-sharing bonuses, which have topped $10,000 in the past two years.

Persons: Motors, “, ’, Paul Jacobson, G.M Organizations: United Automobile Workers

☆ General Motors CFO Paul Jacobson on withdrawing guidance as UAW strike costs surge
▼ + stars: | 2023-10-24 | 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 EmailGeneral Motors CFO Paul Jacobson on withdrawing guidance as UAW strike costs surgePaul Jacobson, General Motors CFO, joins 'Squawk Box' to discuss where things stand with the United Auto Workers' strike, how investors should consider the latest from the UAW strikes, and if GM is committed to having UAW employees run their electric vehicle plants.

Persons: Paul Jacobson Organizations: General, UAW, General Motors, United Auto Workers

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The UAW walkouts cost the company $200 million during the third quarter and $600 million so far in the fourth quarter, GM Chief Financial Officer Paul Jacobson said in a briefing with reporters. Strike costs are now running at $200 million a week, Jacobson said. Average selling prices for GM vehicles were $50,750 in the latest quarter, slightly down from the previous quarter. GM also said losses at its Cruise robotaxi unit widened to $732 million in the quarter.

Persons: Rebecca Cook, GM's, Colin Langan, Paul Jacobson, Jacobson, Shawn Fain, Tesla, Mary Barra, We're, Barra, Biden, Ford, Elon, Joe White, Ben Klayman, Jamie Freed, Kirsten Donovan, Chizu Organizations: General Motors, REUTERS, Rights, Tuesday, United Auto Workers, GM, UAW, Chevrolet, Detroit, EV, GMC, U.S, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Flint , Michigan, North America, Orion Township , Michigan

☆ Watch CNBC's full interview with GM CFO Paul Jacobson on pulling guidance amid UAW strike
▼ + stars: | 2023-10-24 | 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 EmailWatch CNBC's full interview with GM CFO Paul Jacobson on pulling guidance amid UAW strikePaul Jacobson, General Motors CFO, joins 'Squawk Box' to discuss where things stand with the United Auto Workers' strike, how investors should consider the latest from the UAW strikes, and if GM is committed to having UAW employees run their electric vehicle plants.

Persons: Paul Jacobson Organizations: UAW, General Motors, United Auto Workers

UAW President Shawn Fain plans to update the union's 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, a person briefed on the union's plans said. In addition to Ford, talks with Chrysler parent Stellantis (STLAM.MI) and other automakers and the UAW have been active in recent days, sources said. Ford Chief Financial Officer John Lawler said Friday the automaker's retirement offer would assure UAW workers could retire with $1 million in savings. The targeted strike against the Detroit Three automakers began on Sept. 15 and is now in its 20th day. Rival Ford Motor (F.N) secured a $4 billion line of credit in August, ahead of the Sept. 14 UAW contract expiration.

Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, John Lawler, Paul Jacobson, JP Morgan, Joe White, David Shepardson, Mark Porter, Nick Zieminski, Matthew Lewis, Anna Driver Organizations: General Motors, REUTERS, Rights, United Auto Workers, Ford, Detroit Three, Wednesday, UAW, Chrysler, Detroit automakers, GM, CNBC, Citibank, Chevrolet, GMC, GMC Yukon, Cadillac, Motor Equipment Manufacturers Association, Thomson Locations: Detroit , Michigan, U.S, Wentzville , Missouri, Kansas, Ohio, Indiana, Detroit

☆ Comedy Wildlife Photo Award 2023 finalists revealed
▼ + stars: | 2023-10-04 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +2 min

Fat Bear Week is underway, with public voting starting Wednesday after the event was nearly a casualty of a US government shutdown, and now the UK-based Comedy Wildlife Photo Awards has revealed its 2023 shortlist. Should the crown go to the spherical seal galumphing at speed along the English coast? The awards, founded in 2015 by professional photographers Paul Joynson-Hicks and Tom Sullam, also promote wildlife conservation. Adrian Ślązok/Courtesy Comedy Wildlife Photography AwardsThe expert judges include UK celebrities such as TV presenter Kate Humble and comedian Hugh Dennis, as well as renowned wildlife photographers Daisy Gilardini and Will Bullard-Lucas. The first Comedy Wildlife Guided African Safari will launch in Tanzania in October 2024, guided by the awards’ co-founders Hicks and Sullam and wildlife expert Humble.

Persons: CNN — It’s, There’s, joey, ”, Paul Joynson, Hicks, Tom Sullam, Adrian Ślązok, Kate Humble, Hugh Dennis, Daisy Gilardini, Will Bullard, Lucas, Mara Organizations: CNN, Whitley Fund for Nature Locations: Tanzania, Sullam

☆ GM secures new $6 billion credit line as UAW strike costs reach $200 million
▼ + stars: | 2023-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. The targeted strikes already cost the automaker $200 million during the third quarter, GM said Wednesday. A GM spokesman said the $200 million strike cost is due to lost production on wholesale volume, largely due to the UAW's initial Sept. 15 strike at GM's midsize truck and full-size van plant in Wentzville, Missouri. The strike has since expanded to GM's parts and distribution facilities nationwide and, as of last Friday, a crossover plant in mid-Michigan. As a result of the strike in Missouri, GM also idled its Fairfax Assembly Plant in Kansas, where it builds the Cadillac XT4 SUV and the Chevrolet Malibu sedan, and laid off nearly 2,000 workers.

Persons: General Motors, Paul Jacobson, CNBC's Phil LeBeau, Mary Barra, Jim Farley, Shawn Fain, Fain Organizations: DETROIT, General, United Auto Workers, UAW, GM, Fairfax Assembly Plant, Chevrolet Malibu, Ford Motor, Ford, Chrysler Locations: Wentzville , Missouri, Michigan, Missouri, Fairfax, Kansas

☆ As UAW negotiations drag on, GM has added a $6B line of credit, says CFO Paul Jacobson
▼ + stars: | 2023-10-04 | 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 EmailAs UAW negotiations drag on, GM has added a $6B line of credit, says CFO Paul JacobsonPaul Jacobson, CFO of General Motors, joins 'Halftime Report' to discuss General Motors locking in a new six-billion dollar line of credit, the status of contract negotiations, and more.

Persons: Paul Jacobson Paul Jacobson Organizations: GM, General Motors

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work
▼ + stars: | 2023-09-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Meta had 18 years remaining on the lease for an eight-storey office in London, the FT reports. AdvertisementAdvertisementMeta has paid $181 million to end its lease on an office in London that it never moved into, the Financial Times reported. And last December, Meta moved out of two of its New York offices. AdvertisementAdvertisementAfter office workers generally worked from home during COVID-19, many bigger companies have now mandated returns to office. AdvertisementAdvertisement"Working from home during the various Covid lockdowns tore up the rulebook for office workers, allowing a level of freedom as to where (and when ?)

Persons: Meta, —, Matthew Saperia, Peel Hunt, Mark Zuckerberg's, Adam Mosseri, Paul Jayson, DLA Piper, lockdowns Organizations: Big Tech, Service, Financial Times, Peel, Triton, Meta, Estate Locations: London, New York, King's, COVID

☆ The Many Roles of Pros in Golf Architecture
▼ + stars: | 2023-09-13 | by ( Paul J. Sullivan | ) www.nytimes.com time to read: +1 min

(Ogilvy played three times on Presidents Cup teams.) But he has two partners in the design firm who know the intricacies of building a course. “It’s better to have three minds in there,” said Ogilvy, who won 12 times on the PGA and European Tours. “What I liked was their input into what scared them on a shot,” said Weed, who was mentored by the designer Pete Dye. But many of the pros who have helped design enduring courses relied on a solid team under their brand name.

Persons: Ogilvy, “, ”, Bobby Weed, Weed, Pete Dye, Jack Nicklaus, Bob Cupp, Jay Morrish, Greg Norman, Jason McCoy, Ben Crenshaw, Coore Organizations: Presidents Cup, PGA, Club Network Locations: Australia, United States

☆ Paul Jacobs, Former Qualcomm Boss, to Run Satellite Company Behind Apple’s SOS Service
▼ + stars: | 2023-08-29 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/telecom/former-qualcomm-ceo-to-lead-company-powering-apples-satellite-text-service-7134d7dc

Persons: Dow Jones Organizations: qualcomm

☆ Globalstar CEO Paul Jacobs talks Apple partnership and competition with SpaceX
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobalstar CEO Paul Jacobs talks Apple partnership and competition with SpaceXPaul Jacobs, Globalstar CEO and former Qualcomm CEO, joins 'Closing Bell Overtime' to talk competing with Elon Musk's SpaceX, the cost of launching satellites and partnering with Apple.

Persons: Paul Jacobs, SpaceX Paul Jacobs Organizations: Apple, SpaceX, Qualcomm, Elon

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