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☆ Among New York’s Sidewalk Sideshows, 2 Goats and a Story of Despair
▼ + stars: | 2023-10-25 | by ( Michael Wilson | More About Michael Wilson | ) www.nytimes.com time to read: +1 min

The short, slender woman clutches two leashes in her right hand. At their ends are two goats, Marshmallow and Brownie. The three of them stand in the human jet stream of Rockefeller Center, and people stop to take pictures or pet the animals. Only in New York, they say. A young man in a tuxedo, part of a raucous wedding party, stops, grins, and asks what brought her here.

Persons: Beverly Shaw, “, ”, David Shaw Organizations: Rockefeller Center Locations: New York, Indiana

☆ Watch CNBC’s full interview with Trivariate’s Adam Parker and Rockefeller Global’s Cheryl Young
▼ + stars: | 2023-10-17 | 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 Trivariate’s Adam Parker and Rockefeller Global’s Cheryl YoungTrivariate’s Adam Parker and Rockefeller Global’s Cheryl Young, joins 'Closing Bell' to discuss the rise in high yields, inflation and the state of the consumer.

Persons: Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young

☆ The risk reward is skewed toward the positive, says Trivariate’s Adam Parker
▼ + stars: | 2023-10-17 | 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 EmailThe risk reward is skewed toward the positive, says Trivariate’s Adam ParkerTrivariate’s Adam Parker and Rockefeller Global’s Cheryl Young, joins 'Closing Bell' to discuss the rise in high yields, inflation and the state of the consumer.

Persons: Trivariate’s Adam Parker Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young

☆ Multilateral development banks, keen to expand lending, to meet with ratings agencies
▼ + stars: | 2023-10-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 10 (Reuters) - Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push to expand their lending capacity and help countries brace for climate change and other challenges. The World Bank's main lending arms could expand their lending capacity by nearly $900 billion if the ratings agencies changed their processes and modified the allowance they make for callable capital, a study commissioned by Rockefeller found. Lakshmi Shyam-Sunder, the World Bank's chief risk officer, said the ratings agencies had shown some openness to considering revisions in how they treat callable capital in the banks' balance sheets. Casali said Wednesday's meeting, on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Morocco, would include officials from the World Bank, the Asian Development Bank and the African Development Bank, along with the three top credit raters - Moody's, Standard & Poor's and Fitch. Currently, the ratings agencies apply widely different rules and standards in assessing the risks associated with the banks' lending and balance sheets.

Persons: Yuri Gripas, Roberta Casali, Rockefeller, Lakshmi Shyam, Sunder, Casali, Fitch, Ajay Banga, Janet Yellen, Andrea Shalal, David Lawder, Leslie Adler Organizations: Monetary Fund, REUTERS, Rights, Asian Development Bank, Rockefeller, AAA, International Monetary Fund, World Bank, African Development Bank, Poor's, World, Reuters, U.S, Treasury, Thomson Locations: Washington , U.S, Rights MARRAKECH, Morocco

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ Watch CNBC’s full interview with Rockefeller International's Ruchir Sharma
▼ + stars: | 2023-10-09 | 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 Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell: Overtime' to discuss the geopolitical risks to the markets.

Persons: Rockefeller International's Ruchir Sharma Ruchir Sharma Organizations: Rockefeller International

☆ US Treasury pushing development banks for progress on next phase of reforms by April
▼ + stars: | 2023-10-08 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. U.S. Treasury Secretary Janet Yellen has been pushing for reforms to expand the World Bank's lending for a year, after an expert panel review concluded that the institutions, government shareholders and credit rating agencies were too timid about financial risks. The Treasury official said World Bank governors were expected to sign off on the new measures this week and mapped out previously unreported details on the callable capital issue, including the timetable for action. Any new proposal on treatment of callable capital will require approval by the shareholders of each of the respective multilateral development banks, bank officials have said. "You've got to work on global challenges like climate fragility and pandemics and poverty and boosting shared prosperity all at once because they are all mutually reinforcing and intertwined," the Treasury official said.

Persons: Kevin Lamarque, MDBs, Janet Yellen, You've, Andrea Shalal, Mark Porter Organizations: Department of, U.S . Treasury, REUTERS, Treasury, U.S . Treasury Department, World Bank, Bank, Reuters, Rockefeller Foundation, International Monetary Fund, Thomson Locations: Washington , U.S, MARRAKECH, Morocco, U.S, Marrakech

☆ How Karol G went from a Latin music star to a fashion icon
▼ + stars: | 2023-10-06 | by ( Robb Young | Graciela Martin | ) edition.cnn.com time to read: +24 min

With 66 million followers on the platform, Karol G ranks 70th in terms of follower count but 6th when it comes to engagement rates. But the label’s enthusiasm for its Karol G campaign a half-year after its release is telling, nonetheless. Karol G attends the #BoF500 Gala during Paris Fashion Week at Shangri-La Hotel Paris on September 30, 2023 in Paris, France. By the time Karol G entered the scene in a big way, fashion, luxury and sportswear giants were still warming up to her male counterparts. People aren’t as fixated on that anymore.”Indeed, it is the shift in attitudes toward language that appears to have helped Karol G secure the Loewe deal.

Persons: Karol G, Jonathan Anderson, Karol’s, Shakira, — Karol G, Provenza, “, ”, Nicki Minaj —, Karol, Karol G's, she’s, Lea Colombo, “ Karol G, Charlie Smith, Loewe, couldn’t, Ricky Martin’s, hasn’t, “ I’ve, Anderson, Karol G’s, ” Karol G, Christopher Polk, SocialBook, Kim Kardashian, Julian Martinez, ” Martinez, “ Karol, Miu, Roberto Cavalli, Gina Ferazzi, Loewe’s Smith, Jacquemus, Barbie, Emilio Pucci, —, Vetements, Rick Owens, Pascal Le Segretain, Maykol Sanchez, Spotify’s, Yankee’s, Don Omar’s, Maluma, J, Nicky Jam, . Ivy Queen, Jennifer Lopez, Shakira —, Burberry —, Becky G —, Karol —, Ovy, Bad Bunny, Rich Fury, Karla Martínez, There’s, Leila Cobo, Billboard’s, ” Cobo, aren’t, “ Jonathan, ” Karol, Carolina Giraldo Navarro, Colombia’s, J Balvin, Cobo, She’s, ” she’s, haven’t, ’ ” Karol G, Alexander Tamargo, Nina García, Elle, García, ” García, I’ve, I’m, it’s, Brett Alan Nelson, I’d Organizations: The, Fashion, CNN, —, Billboard, MTV, New York City’s Rockefeller Center, Variety, Los Angeles Times, Getty, Brands, Los, Paris, Spotify, Reebok, Umbro, Dolce, Gabbana, Nike, Guess, Adidas, Trailblazers, Burberry, Levi’s, Kappa, Puerto Rican, Pew Research Center, Limits, Vogue Mexico, reggaeton’s, Loewe, Carolina, Puerto Locations: Spanish, ”, Latin America, New York, Newark , New Jersey, California, Versailles, bejeweled, Paris, France, Spain, Italy, Germany, Canada, America, Balmain, Barcelona, Rosalía, American, Panama, Jamaica, Puerto Rico, Dominican, Caribbean, Medellín, Colombia, Puerto, Miami, Mexico City, Buenos Aires, Santiago, Chile, Austin, Austin , Texas, Mexico, North America, Europe, Dubai, Singapore, Nairobi, Puerto Rican, Sera, Miami , Florida, Colombiamoda

Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.

Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru

China, the world's biggest fossil fuel consumer, is among those signalling that it intends to keep using them for decades. By inserting "unabated" before fossil fuels, the pledge targeted only fuels burned without emissions-capturing technology. "We cannot use it to green-light fossil fuel expansion," the countries said in a joint statement. We can't say we want to avoid 1.5 C ... and not say anything about phasing out fossil fuels," Cox said. The Alliance of Small Island States, whose members face climate-fuelled storms and land loss to rising seas, wants a fossil fuel phase-out and an end to the $7 trillion governments spend annually on subsidising fossil fuels.

Persons: Eduardo Munoz, General Antonio Guterres, Sultan Al Jaber, John Kerry, Teresa Ribera, Eamon Ryan, Ryan, Peter Cox, Cox, Fatih Birol, Valerie Volcovici, Kate Abnett, Katy Daigle, Emelia Organizations: U.S, REUTERS, United Nations General Assembly, United Arab Emirates, United, European Union, Reuters, Ireland's, American Petroleum Institute, University of Exeter, International Energy Agency, Rockefeller Foundation, Organization of, Petroleum, Small, States, United Nations, D.C, Thomson Locations: New York, New York City , New York, U.S, Dubai, China, United States, Saudi Arabia, Russia, France, Kenya, Chile, Colombia, Tuvalu, Vanuatu, Japan, Union, Washington, Brussels

☆ The US economy could end up like China's as massive debt weighs on growth, market expert says
▼ + stars: | 2023-09-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US economy could face a "long, slow grind" as huge debts take their toll, Ruchir Sharma wrote. There has been $8 trillion in new federal spending since 2021, he said in the Financial Times. "Many nations have come to regret massive stimulus campaigns, as the resulting debts weighed on growth." Big spender China was credited with 'saving the world' after 2008, but it has seen growth slow since then," Sharma said. When the stimulus and other temporary boosts wear off, the American economy could settle into a long, slow grind."

Persons: Ruchir Sharma, Biden, Big spender China, Sharma Organizations: Financial Times, Service, The Rockefeller International, Federal Reserve, China, Reserve Locations: Wall, Silicon, American, China

☆ How two former Goldman Sachs traders built the No. 1 US coal exporting business
▼ + stars: | 2023-09-23 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Peter Bradley and Spencer Sloan have built a $1 billion commodities firm over the last eight years. Javelin Global Commodities is now the No. Javelin Global Commodities has grown to become the No. 1 exporter of American coal, Bloomberg reported, citing sources familiar to the company. "It's pretty disheartening that vast fortunes are still being made in activities that are driving dangerous, and potentially catastrophic, global warming."

Persons: Goldman, Peter Bradley, Spencer Sloan, Goldman Sachs, Joseph Curtin Organizations: Bloomberg, Commodities, Service, International Energy Agency, Riverside Shipping, Rockefeller Centre Locations: Wall, Silicon, America, Ukraine, Europe, Moscow

NEW YORK (AP) — Inside the U.N.'s gates, world leaders use the spotlight to talk — to each other and the entire planet. Nonprofit organizations send their senior leaders to the sidelines of the U.N. General Assembly at significant expense to make sure their voices are heard in the right rooms. It was one of some 40 events the Ford Foundation hosted connected to General Assembly week, flexing its power to convene. The sidelines of the General Assembly first began drawing major crowds in 2014, when a U.N. The framework, he said, helps groups “to focus on a pretty specific action that might feel small given the SDGs but still has impact.

Persons: ”, Elizabeth Cousens, ‘, ’ ”, Monica Aleman, She’ll, James Baldwin, Protesters, Keya Chatterjee, Chatterjee, Joe Biden, Antonio Guterres, Melinda Gates, Mark Suzman, ” Suzman, Atul Tandon, Zia Khan Organizations: Nonprofit, General, UN Foundation, Sustainable, Ford Foundation, Assembly, Climate Summit, Melinda Gates Foundation, Gates Foundation, Opportunity International, The Rockefeller Foundation, Brookings Institution, Lilly Endowment Inc, AP Locations: New York City, U.S, Manhattan, Washington, United States, China, India, Russia, United Kingdom, France, South Africa

Singer Ed Sheeran appears on NBC's "Today" show at Rockefeller Center in New York, U.S., June 6, 2023. A court filing on Wednesday said that songwriter Ed Townsend's estate would withdraw the appeal with prejudice, which means it cannot be refiled. Attorneys for Townsend's estate did not immediately respond to a request for comment on Thursday. A jury determined after a six-day trial in May that Sheeran's song did not infringe Townsend's copyright in "Let's Get It On." Pullman's company has a separate lawsuit pending against Sheeran based on its rights in the sound recording of "Let's Get It On."

Persons: Ed Sheeran, Brendan McDermid, Marvin Gaye's, Ed Townsend's, Ilene Farkas, Townsend's, Sheeran, Bowie, David Pullman's, Townsend, Blake Brittain, David Bario, Mark Porter Organizations: Rockefeller Center, REUTERS, Warner Music, Sony Music, Thomson Locations: New York, U.S, United States, Pullman, Washington

The Gates Foundation has been a major supporter of Unitaid, donating $50 million in each 2012 and 2017, according to the foundation's grant database. The two announced their divorce in 2021 but committed to continuing to work together at the foundation. I think we will overcome that because the U.S. has a lot to be proud on this one,” Gates said. Cumulatively, the results of that study, which the foundation funded, has advanced knowledge about the causes of infant mortality. The Gates Foundation was not alone in announcing new commitments to support progress toward the development goals.

Persons: Melinda Gates, Melinda French Gates, “ Nona, gesturing, Jennifer, Omakwu, ’ ”, Gates, Jimmy Carter, Rosalynn Carter, Singer Bono, George W, Bush, Bill Gates, Joe Biden, French Gates, ” Gates, Eden Tadesse, Aidan Reilly, Ben Collier, James Kanoff, Ashu Martha Agbornyenty, There’s, ”, Clinton Organizations: Melinda Gates Foundation, General, UNFPA, Gates Foundation, Sustainable, President’s, AIDS Relief, U.S, Congress, Midwifery, IKEA Foundation, The Rockefeller Foundation, Clinton Global Initiative, Associated, Lilly Endowment Inc, AP Locations: New York, Ukraine, PEPFAR, U.S, South, Ethiopia, Cameroon, Vietnam, South Africa, Indonesia

☆ Stock futures edge lower after Fed skips a rate hike, but signals another increase is coming: Live updates
▼ + stars: | 2023-09-20 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flat line Wednesday night as investors parsed through the Federal Reserve's projections made earlier in the day. Futures tied to the Dow Jones Industrial Average were lower by 14 points, or 0.04%. S&P 500 futures were down 0.1%, while Nasdaq 100 futures edged lower by 0.2%. Fed Chair Jerome Powell had commented that a soft landing for the economy was still possible, but not his baseline scenario. During Wednesday's session, the 10-year note reached levels not seen since November 2007, while the 2-year yield hit its highest point since July 2006.

Persons: Jerome Powell, Jimmy Chang, Chang Organizations: Dow Jones, Nasdaq, FedEx, Federal Reserve, Rockefeller Global Family, Treasury

☆ China is likely headed for a full-blown financial crisis as its economy is due for wilder swings, market expert says
▼ + stars: | 2023-09-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is likely headed for a financial crash, market veteran Ruchir Sharma warned. "In this scenario, the next big step for China is a full-blown financial crisis." But under another scenario, China's property market may end up mirroring US real estate in the summer 2008, when a downturn was underway but Wall Street didn't see a collapse. AdvertisementAdvertisement"In this scenario, the next big step for China is a full-blown financial crisis," Sharma wrote. Amid a growing list of headwinds sweeping through China's economy, its property market is a leading negative.

Persons: Ruchir Sharma, Sharma, China's Organizations: Financial Times, Service, Rockefeller International Locations: China, Wall, Silicon, Japan, Tokyo, Beijing

☆ Mohamed Al-Fayed dead at 94
▼ + stars: | 2023-09-01 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

Al-Fayed for decades insisted the pair were murdered, despite inquiries finding otherwise, and was scornful towards the British royal family in his later life. After 1997, when a car crash claimed the lives of his son and Diana, Al-Fayed would frequently sling insults at the British royal family and became persona non grata among parts of the country’s elite. Al-Fayed was questioned by police in 2008 in relation to a sex assault allegation that he denied, a Harrods spokesperson said at the time. He eventually sold the store to the Qatari royal family in 2010, for a reported $2.25 billion. Al-Fayed had six children, including Dodi and the environmentalist entrepreneur Omar Fayed.

Persons: Mohamed Al, Fayed, Diana , Princess of Wales, “, Mohamed Al Fayed, Mohamed, Diana, Dodi Fayed, Samira, Adnan Khashoggi, Forbes, Kurt Geiger, Fayed’s, Fraser, Roland “ Tiny ” Rowland, Rowland, Al, ”, Michael Jackson, Omar Fayed Organizations: CNN, Fulham Football Club, Fulham FC, Ritz Hotel, Punch, Hyde, Harrods, Fulham, Premier League Locations: London, Harrods, Paris, Al, Alexandria, Egypt, Saudi, Manhattan, Mayfair

☆ How Jackson Hole Became an Economic Obsession
▼ + stars: | 2023-08-24 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Economists? They have Jackson Hole. The world’s most exclusive economic get-together takes place this week in the valley at the base of the Teton mountains, in a lodge that is a scenic 34 miles from Jackson, Wyo. But even more critically, Jackson Hole tends to generate big news. Jerome H. Powell, the current Fed head, has made headlines with each and every one of his Jackson Hole speeches, which has investors waiting anxiously for this year’s.

Persons: Jackson, Rockefeller, Jerome H, Powell Organizations: Cannes, Wall Street, Federal Reserve Bank of Kansas Locations: Davos, Jackson, Federal Reserve Bank of Kansas City

☆ Richard Hanania’s Racism Is Backed by Silicon Valley Billionaires - The New York Times
▼ + stars: | 2023-08-12 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +3 min

And it served its intended purpose: to naturalize inequality of status and resources in an era defined by its yawning gaps between haves and have-nots. I mention all of this as context for Richard Hanania, a rising star among conservative writers and intellectuals. For years before appearing in the pages of newspapers and publications like this one, Hanania wrote articles for white supremacist publications under a pseudonym. “The reason I’m the target of a cancellation effort is because left-wing journalists dislike anyone acknowledging statistical differences between races,” he recently wrote. But his supposedly transgressive views are little more than the warmed-over dogmas of the long-dead ideologues who believed in the scientific truth of race hierarchy.

Persons: “, ”, Nell Irvin Painter, Brigham, Adam Cohen, Carrie Buck, John D, Rockefeller, Edwin Black, ” eugenicists, Richard Hanania, Hanania, Christopher Mathias, ” Hanania, ideologues Organizations: White People, Poland, Northwestern, American Eugenics, Rockefeller Jr, The Huffington, Blacks, New, ” Locations: Russia, Italy, “, New York City

☆ Extreme heat has cost the global economy $16 trillion on average, research shows
▼ + stars: | 2023-08-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The extreme heat is harming people's health and labor productivity. Newly available economic data and more advanced climate models now make it possible to measure how extreme heat hurts the global economy. "The economic costs of extreme heat do not encompass the totality of the economic costs of climate change," Mankin said. "Average temperatures are rising, so statistically, we are going to have more extreme heat in more places," he said. "What's unique about the extreme heat right now is the number of people it's impacting.

Persons: Justin Mankin, Mankin, Adrienne Arsht Organizations: Service, Dartmouth College, Rockefeller Foundation Resilience, CNN, European Union Locations: . Texas, Southern Europe, North Africa, Italy, Spain, Greece, Tunisia

☆ Meet Reed Jobs, the Apple cofounder's son who just launched a VC fund to invest in cancer treatments
▼ + stars: | 2023-08-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Reed Jobs, the son of Steve Jobs, launched Yosemite, a VC firm that will invest in cancer treatments. Reed Jobs, Steve Jobs's oldest son, is striking out on his own. Jobs, one of three children of the Apple cofounder and philanthropist Laurene Powell Jobs, is launching Yosemite, a venture capital firm that will invest in new cancer treatments, according to a press release. The 31-year-old was inspired by his father to start the fund after Steve Jobs died from complications of pancreatic cancer in 2011, he told The New York Times. Jobs's latest business venture will build on his previous work as a managing director at the Emerson Collective, the mission-driven corporation founded by his mother.

Persons: Reed Jobs, Steve Jobs, Jobs, mother's Emerson, Steve Jobs's, Laurene Powell Jobs, John Doerr, Emerson, —, Walter Isaacson, Yosemite Organizations: VC, Apple, New York Times, Memorial Sloan Kettering Cancer Center, The Rockefeller University, Times, Emerson, Emerson Collective's, Stanford Locations: Yosemite, Hawaii

☆ Something is not right about the current tech leadership, says Rockefeller's Ruchir Sharma
▼ + stars: | 2023-07-31 | 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 EmailSomething is not right about the current tech leadership, says Rockefeller's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Squawk on the Street' to discuss why the big tech companies are "bad monopolies," Sharma's definition of dominating the market, and more.

Persons: Rockefeller's Ruchir Sharma Ruchir Sharma Organizations: Rockefeller International

☆ China is installing offshore wind turbines as tall as 30 Rock in the Taiwan Strait
▼ + stars: | 2023-07-29 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: +2 min

China recently switched on a 16-megawatt offshore wind turbine in the Taiwan Strait. It's the largest, most powerful turbine in the world, at 499 feet tall with 404-foot blades. That dwarfs the size and capacity of American and European wind turbines currently in use. For comparison, the Block Island Wind Farm off the coast of Rhode Island has five wind turbines capable of generating 30 megawatts of electricity combined, which the company behind it says can power 17,000 homes. Workers install the world's first 16-megawatt offshore wind turbine at an offshore wind farm operated by China Three Gorges Corporation on June 28, 2023 in Pingtan Comprehensive Experimental Zone, Fujian Province of China.

Persons: IFLScience, Lyu, GREG BAKER, it's, China doesn't Organizations: Service, Privacy, Gorges Corporation, Workers, China Three Gorges Corporation, China News Service, Getty, GE Locations: China, Taiwan Strait, Rhode, Fujian Province, New York City, Pingtan, Taiwan, China's, Fujian, AFP

☆ Tougher Penalties for Users and Sellers of Fentanyl Don’t Work - The New York Times
▼ + stars: | 2023-07-28 | by ( Maia Szalavitz | ) www.nytimes.com time to read: +2 min

It made no distinction between drug use and sales, or between marijuana and heroin. About 90 percent of those who were born at the peak of the baby boom have at least experimented with illegal drugs. Though by 1970 both parties agreed the Boggs Act had flopped, New York State’s moderate Republican governor, Nelson Rockefeller, didn’t take note of its ineffectiveness. In 1962, he had tried mandating lengthy periods of residential treatment for people with addiction. The sentencing was deliberately harsher than for rape or murder because drugs were seen as a crime against the whole community.

Persons: Boggs, Nelson Rockefeller, didn’t, “, ”, Rockefeller Organizations: Republican, Dealers, Drug, New York, New York City Bar Association, Corrections Locations: United States, China, York, New York City

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