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New York CNN —Bill Gates’ former assistant at Microsoft is now the fifth-richest person in the world, per Bloomberg’s tally, and only one spot behind Gates on the real-time list of the world’s richest people. This figure is only some $5 billion shy of Gates’ estimated net worth of $122 billion. Ahead of Ballmer are only Elon Musk, Bernard Arnault, Jeff Bezos and Bill Gates. And rounding out the top 10 behind Ballmer are Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg and Sergey Brin. While Gates dropped out to start Microsoft, Ballmer graduated in 1977 with degrees in applied mathematics and economics.
Persons: Bill Gates ’, Gates, Steve Ballmer, Elon Musk, Bernard Arnault, Jeff Bezos, Bill Gates, Ballmer, Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg, Sergey Brin, CNN Ballmer Organizations: New, New York CNN, Microsoft, CNN, Harvard University, Los Angeles Clippers, Bloomberg, Ballmer Locations: New York
‘Rivals’ Review: An Experiment in Amiability
  + stars: | 2023-10-18 | by ( David A. Shaywitz | ) www.wsj.com   time to read: +1 min
The physicists Niels Bohr and Albert Einstein disagreed strongly on various points yet remained close friends. He hoped to deduce all observable phenomena—the paths of planets, the beating of the heart—from a few foundational laws or principles. After years of effort, and despite triumphs such as the invention of analytic geometry, he conceded defeat. But he had little interest in engaging with other researchers or relying on the assistance of volunteers (who would distract him with “useless conversation”). Descartes, explains the historian of science Lorraine Daston, “was probably the last major thinker to believe that science could be conducted in splendid solitude.”
Persons: Niels Bohr, Albert Einstein, René Descartes, Descartes, Lorraine Daston, , Organizations: Getty
Once put in place, though, these types of changes are difficult to roll back, said Paul Hill, the founder of the Center on Reinventing Public Education. Schools don’t work like businesses — beta testing a particular practice, looking at the results and moving forward based on the outcome. Instead, these types of realignments can become the status quo, regardless of what the data says, according to Hill. After my previous story, I did hear from some educators who’ve had positive experiences applying the 50 percent floor. But that doesn’t change the reality that strong evidence is lacking that such a practice is academically effective on a large scale.
Persons: Paul Hill, hadn’t, Brian Conrad, who’ve, you’ve, that’s, Organizations: Reinventing Public Education, Schools, San Francisco Unified School District, Stanford, University of Pennsylvania, University of Texas, North Locations: Hill, That’s, California, San Antonio, North Carolina
To Burt, the viral TikTok trend #girlmath reiterates the stereotype that women are bad at math. But often it's more overt, as with TikTok's most recent viral trend: "girl math." AdvertisementAdvertisementWhy girl math is a negative trendSeemingly lighthearted, the hashtag plays into a damaging stereotype that women are bad at math. Girl math doubles down on gendering lavish spendingThe #girlmath trend focuses on "feminine" spending habits as lavish — another common stereotype of women and money management. Women's financial literacy is an important issueThe girl-math trend brings women's financial literacy and investing into the limelight.
Persons: Zoe Burt, Burt, , Caroline Criado Perez, Tamina, Shakuntala Devi, Elon Organizations: Service, Evening, New Zealand, Fiscal Studies, Guardian, Behavior, Organization, Fidelity, Twitter, Invest, deVere Italia
Buildings erected in Israel since the 1990s have built-in safe rooms to avoid bombs and air strikes. Residents told Insider what they're like, showing spaces with sparse furnishings and barricaded entries. While safe rooms are commonplace in Israel, they're essentially non-existent in Gaza. AdvertisementAdvertisementThis photo taken on Oct. 8, 2023 shows a sparsely-furnished safe room in a building in Jerusalem. There is no place to go when Israel bombs," Diana Buttu, a lawyer and analyst, told Insider.
Persons: they're, , Chen Junqing, Aisenberg, ACK GUEZ, Sacha Roytman Dratwa, Dratwa, Amir Levy, Gideon Harari, JALAA MAREY, Tahani Mustafa, Richard Hech, Diana Buttu Organizations: Service, Hamas, Israel Defense Forces, Command, Getty, Antisemitism, Jerusalem Post, People, Crisis Group, United Nations Relief, Works Agency for Palestine Refugees, UN Locations: Israel, Gaza, Jerusalem, Xinhua, Tel Aviv, AFP, Lebanon, Palestine
On her first day of testimony, Ellison said Tuesday that she and Bankman-Fried, along with other associates, committed fraud and money laundering, and that he “set up the systems that allowed Alameda” to siphon money from FTX customer accounts. Prosecutors accuse Bankman-Fried, 31, of orchestrating a scheme to steal billions of dollars from customer accounts in FTX, his now-bankrupt crypto trading platform. If she were given a maximum sentence on the seven counts, she could face more than 100 years in prison. Her testimony is considered crucial to prosecutors’ case that SBF used both FTX and Alameda as his own personal piggy bank. If found guilty of all seven criminal counts and given the maximum sentence, Bankman-Fried faces the prospect of 110 years in prison.
Persons: Sam Bankman, Fried, Caroline Ellison, Ellison, Bankman, ” Ellison, Organizations: New, New York CNN, Alameda Research, Stanford Locations: New York, Alameda, FTX
Her testimony is crucial to prosecutors’ case against Sam Bankman-Fried, whom they accuse of orchestrating a scheme to steal billions of dollars from customer accounts in FTX, his now-bankrupt crypto trading platform. Caroline Ellison, former CEO of Alameda Research. carolinecapital/XProsecutors’ case hinges on evidence that FTX and Alameda were deeply financially intertwined, despite repeated assurances from Bankman-Fried that they were separate companies, operating independently from one another. As Alameda was spiraling last fall, Ellison told her employees that the fund had borrowed money from FTX customer accounts to pay back lenders. Already, prosecutors have presented evidence that looks bad for Bankman-Fried, though the defense has yet to present its case.
Persons: CNN Business ’, Caroline Ellison, Sam Bankman, Ellison, FTX’s, , — Ellison, SBF, ” Ellison, , Fried, Sam Organizations: CNN Business, New York CNN, Alameda Research, Stanford, New York Times Locations: New York, FTX, Bankman, Alameda, Manhattan
Instead, the CEO of the eponymous investment research firm Meredith Whitney Advisory Group is concerned that the US housing market will face a correction in the coming years. Baby boomers may cause home values to sinkWhitney believes property prices are destined to fall under pressure as demographic shifts reverse deep-rooted supply-demand dynamics. An unprecedented pace of property price growth has disproportionately benefited baby boomers and the silent generation. However, Whitney said that an aging US population won't cause the housing market to crash overnight. While Whitney reserves her full insights for clients, she named four states where property prices will eventually weaken: Pennsylvania, Connecticut, New Jersey, and Illinois.
Persons: Meredith Whitney, Oppenheimer, Meredith, Whitney, haven't, CoreLogic There's, That's, you've, that's, it's Organizations: Citigroup, Advisory, National Association of Realtors Locations: Statista, Pennsylvania, Connecticut , New Jersey, Illinois, Texas
Two candidates, GOP Majority Leader Steve Scalise of Louisiana and Judiciary Chairman Jim Jordan of Ohio, have already launched campaigns. He’s not the first GOP speaker to think so. But in this political climate, any Republican speaker who has to rely on Democratic votes is critically weakened and probably can’t last long. But the only way a Republican speaker will be able to pass aide to Ukraine will be to do so with Democratic help. The lack of such flexibility has been a fatal flaw of GOP speakers for years.
Persons: Kevin McCarthy, he’d, Steve Scalise, Jim Jordan of, Kevin Hern, McCarthy, Matt Gaetz, tormentor, Nancy Pelosi, Garret Graves, CNN’s Jake Tapper, ” Graves, Donald Trump, , ” McCarthy, He’s, John Boehner, shutdowns, , Paul Ryan, Ryan, Trump, they’d, McCarthy –, Mike Lawler, Biden, ” Lawler, CNN’s Wolf Blitzer, Lawler, Jordan, CNN’s Manu Raju, Michael McCaul, Raju, Jordan didn’t, Scalise, don’t Organizations: CNN, Republican, GOP, United, Republican Party, Tea Party, Wisconsin Rep, “ America, Democratic, New, Trump, Foreign, Texas Locations: Louisiana, Jim Jordan of Ohio, Oklahoma, Florida, Garret Graves of Louisiana, United States, New York, reining, Russia, China, Ukraine, Kyiv
FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . AdvertisementAdvertisementWhen Bankman-Fried cofounded Alameda Research in 2017, Wang reportedly left his role at Google. The tight group of executives reportedly included Wang, Bankman-Fried, Caroline Ellison, who was formerly Alameda's CEO, and Nishad Singh, FTX's former director of engineering. But at FTX, Wang was a somewhat reclusive figure, per reports. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.
Persons: Gary Wang, Wang, Sam Bankman, , Bankman, MIT Wang, Wang's, Cherry Hill, Hector, Fried, Caroline Ellison, Nishad Singh, FTX's, Nishad, Gary, Singh, FTX, Ellison, Damian Williams, Ilan Graff, Sundar Organizations: Service, MIT, Bloomberg, Eastside, Epsilon Theta, Google, Forbes, Alameda Research, Court, District of, Sydney Morning Herald, Street Journal, Southern, of New York, Securities and Exchange Commission Locations: Oregon, Cherry Hill, New Jersey, China, Bahamas, Alameda, District of Delaware, FTX
What the Nobel Prizes get wrong about science
  + stars: | 2023-09-29 | by ( Katie Hunt | ) edition.cnn.com   time to read: +9 min
Peter Brzezinski, the secretary of the committee for the Nobel chemistry prize, said there were no plans to change the rule. He said the Nobel Prize committees, at least for science prizes, are “innately conservative.”DiversityOther criticism leveled at the Nobel Prizes includes the lack of diversity among winners. Of course, these flaws and gaps only matter because the Nobels are far better known than other science prizes, Rees added. The Nobel Prize in physiology or medicine will be announced on Monday, followed by the physics prize on Tuesday and the Nobel Prize in chemistry on Wednesday. The Nobel Prize for literature and the Nobel Peace Prize will be announced on Thursday and Friday, respectively.
Persons: Alfred Nobel, Martin Rees, Rees, , Jonathan Nackstrand, Rainer Weiss, Barry Barish, Kip Thorne, David Pendlebury, “ Nobel, ” Pendlebury, Nobel’s, Peter Brzezinski, , ” Brzezinski, John Jumper, AlphaFold, Lasker, Pendlebury, Emmanuelle Charpentier, Jennifer Doudna, it’s, Carolyn Bertozzi, Andrea Ghez, Naomi Oreskes, Henry Charles Lea, ” Rees Organizations: CNN, Royal Society, Getty, Clarivate’s Institute for Scientific, Nobel Foundation, Academy, Google, Harvard University Locations: Swedish, AFP, Stockholm
Brown had the idea for IBM's "Deep Blue," and has spent over 2,000 nights sleeping in his office. RenTech was founded by Jim Simons, a former MIT math professor and Cold War codebreaker. Peter Brown is the CEO of Renaissance Technologies, a quant fund founded by former Cold War codebreaker and MIT math professor Jim Simons. And the job is so demanding, I really don't see how I could do it otherwise." We don't know any economics.
Persons: Peter Brown, Brown, RenTech, Jim Simons, Goldman, he's, he'd, Peter, we're, we've Organizations: Renaissance, MIT, Service, Goldman Sachs Exchanges, Renaissance Technologies Locations: Wall, Silicon, York
A hedge fund boss says he mainly hires people with no background in finance. Peter Brown also said he once offered a worker a pay rise in the early morning hours. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. During the podcast discussion, Brown also said he gave an employee a pay rise so he could call him in the early morning hours. AdvertisementAdvertisementRepresentatives for Brown did not immediately respond to Insider's request for comment, made outside normal working hours.
Persons: Peter Brown, Brown, Goldman Sachs, Zers, Jim, we're Organizations: Service, Renaissance Technologies, Goldman, CFA Institute Locations: Wall, Silicon
NEW YORK (AP) — The National 4-H Council is growing in a new direction – online – by launching its e-learning platform Clover with a collaboration with Netflix and its new movie “Spy Kids: Armageddon,” the organization announced Wednesday. The innovation, Bramble says, comes in the way the Clover platform engages with the students by using gamification and entertainment, which led to the collaboration with Netflix. “When you think of the intent behind ‘Spy Kids,’ those kids are tackling some of the world’s most pressing issues and they’re doing this through coding and gamification. “We feel that Clover can support a way to catch up, but it can’t do it alone. It’s so valuable to have an in-person program that goes along with it -- the mentoring aspect that comes with 4-H.
Persons: Jill Bramble, ” Bramble, , Bramble, Bob Hughes, Melinda Gates Foundation’s, ” Hughes, , Clover Organizations: Netflix, H, Associated Press, Melinda Gates Foundation’s United States Program, Lilly Endowment Inc, AP Locations: Manhattan , New York, Manhattan , Kansas
In Ukraine, Mathematics Offers Strength in Numbers
  + stars: | 2023-09-12 | by ( Siobhan Roberts | ) www.nytimes.com   time to read: +1 min
On a Saturday evening in August, two Ukrainian mathematicians, Maryna Viazovska and Masha Vlasenko, set out on a 19-hour train trip from Warsaw to Kyiv. They were en route to a conference titled “Numbers in the Universe: Recent Advances in Number Theory and Its Applications.” Symbolically, the journey served to plant a flag. The event marked the opening of the International Center for Mathematics in Ukraine, or I.C.M.U., which was established on paper in November. “The goal is to bring the world of mathematics to Ukraine and open, or reopen, Ukrainian science for the world,” said Dr. Viazovska, of the Swiss Federal Institute of Technology in Lausanne. She won a Fields Medal in 2022 and serves as scientific lead on the center’s coordination committee.
Persons: Maryna Viazovska, Masha Vlasenko, , , Viazovska, Jean, Pierre Bourguignon Organizations: International Center for Mathematics, Swiss Federal Institute of Technology, European Research Council Locations: Warsaw, Kyiv, Ukraine, Lausanne, London
Biden, who returned on Saturday from a week-long vacation, will mark the time of year when U.S. parents send children back to school with his own trip to Washington's Eliot-Hine Middle School. The Biden administration has pushed Congress to hike funding for public schools, including those that hire mental health professionals, through a bipartisan gun safety law last year. Public education is largely funded and run locally in the United States and typically takes a back seat in the presidential campaign to jobs and prices at the gas pump. The largest U.S. labor union, the National Education Association, a group of public school teachers numbering 3 million, endorsed him just a day after he announced his re-election bid. Republicans are closely tied to efforts to steer more public education funding to parochial institutions and independently run charter schools.
Persons: Joe Biden, Kevin Lamarque, Biden, Washington's Eliot, Ron DeSantis, Donald Trump, Trevor Hunnicutt, Clarence Fernandez Organizations: Major Economies, White, REUTERS, Rights, Hine Middle School, George Washington University, Republican, of Education, National Education Association, Thomson Locations: Energy, Washington , U.S, United States, Florida
Black holes can move through the universe at 17,500 miles per second, scientists have calculated. That's why black holes appear black. The scientists estimate the recoil speed limit for black holes is around 63 million miles per hour. They calculated that the maximum speed limit that recoiling black holes could reach was around 63 million mph. What if astronomers observe black holes that break this speed limit, recoiling at speeds greater than 63 million mph?
Persons: Carlos Lousto, Imre Bartos Organizations: Service, Rochester Institute of Technology, NASA, JPL, Caltech, University of Florida Locations: Wall, Silicon
O*NET scores job characteristics like stress tolerance on a scale from 0 to 100, where a 0 means stress tolerance is not at all necessary for an occupation, and 100 suggests a job with a very high-stress environment. We ranked occupations from most to least stressful using O*NET's stress tolerance score, with lower scores indicating less stressful jobs. For instance, postsecondary economics teachers had a stress tolerance score of 63 and had an average annual wage of $122,750. This job had a stress tolerance score of 51 and an average annual wage of $77,310. For instance, a few high-paying occupations had a stress tolerance score of 68, such as geoscientists and postsecondary mathematical science teachers.
Persons: Andy Kiersz Organizations: Service, Bureau of Labor Statistics Locations: Wall, Silicon
Adobe co-founder Jon Warnock is dead at 82
  + stars: | 2023-08-21 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —John Warnock, co-founder of Adobe, has died aged 82, the software company announced on Sunday. Warnock helped start the revolutionary company in 1982 with the late Charles Geschke, and transformed Adobe into a software powerhouse that became the backbone of the internet. “John’s brilliance and technology innovations changed the world,” Adobe CEO Shantanu Narayen said in a letter sent to employees. “I had an amazing teacher in high school who, essentially, completely turned me around,” Warnock said. “He was really good at getting you to love mathematics, and that’s when I got into it.”A cause of death wasn’t revealed.
Persons: New York CNN — John Warnock, Warnock, Charles Geschke, , Shantanu Narayen, ” Warnock, Geschke, ” Narayen, Warnock’s, Barack Obama, , wasn’t Organizations: New, New York CNN, Adobe, of Technology, Innovation, Marconi, University of Utah Locations: New York, Salt Lake City
Not so long ago, landing a helicopter on a Broadway stage was kind of a big deal. In “El Mago Pop,” the charming, thrilling, silly Broadway show by the Spanish illusionist Antonio Díaz, it is one of the more minor stunts. Like most professional magicians, he discovered magic early and worked at it obsessively, a process he details in a long video sequence that begins the brief show. He is short and slight, with long, nimble fingers — watch those fingers when you can, the precision and economy are gorgeous — and a high, fast voice. But maybe that’s what happens when the boy next door comes to Broadway.
Persons: El Mago, Antonio Díaz, Díaz, Doug Henning, Ethel Barrymore, Mag Locations: Spanish, Barcelona, Spain
Even Bill Gates thought school was boring as a kid. While in middle school, Gates didn't find learning "interesting," he recently said on his "Unconfuse Me" podcast, in an episode featuring Khan Academy CEO Sal Khan. But the teacher spotted potential, and took the opportunity to encourage Gates to put some effort into his education. Gates went on to develop his mathematics and coding skills in high school, before dropping out of Harvard University to co-found Microsoft in 1975. "I do think the AI will be like a great high school teacher who really marks your essay, and you go back and think, 'OK, I need to step up there,'" Gates said.
Persons: Bill Gates, Gates, Sal Khan, we're, tiredness, Michael Roberto, Roberto, Warren Buffett Organizations: Khan, Bryant University, Harvard Business School, Harvard University, Microsoft Locations: Yale, U.S
That's all according to a Thursday report from researchers at Arthur AI, a machine learning monitoring platform. AI hallucinations occur when large language models, or LLMs, fabricate information entirely, behaving as if they are spouting facts. Meta's Llama 2, on the other hand, hallucinates more overall than GPT-4 and Anthropic's Claude 2, researchers found. In a second experiment, the researchers tested how much the AI models would hedge their answers with warning phrases to avoid risk (think: "As an AI model, I cannot provide opinions"). "Making sure you really understand the way the LLM performs for the way it's actually getting used is the key."
Persons: Claude, Arthur AI, It's, Adam Wenchel, Arthur, OpenAI's, Claude 2, Wenchel, that's Organizations: Microsoft, Arthur, CNBC, New, Moroccan Locations: New York
TikTok's new Creativity Program Beta is helping some creators earn tens of thousands of dollars. However, she earned just over $5,000 in June from the creativity program. But the creativity program is taking her earnings to a new level. Today, at nearly 2 million followers, Paris' monthly earnings from the creativity program ranged from $9,000 to $13,000. The Cordles were planning on doing the same before they saw how much they could earn through TikTok's creativity program.
Persons: Kay, Tay Dudley, Fortune, Arlene Resendiz, Resendiz, I'm, it's, It's, Zachary Newman, Devin, Hunter Cordle, she's, they'd, we've Organizations: Beta, Victoria Paris, YouTube Locations: New York, Paris
They stayed in Bentonville, Arkansas, for three days and stopped in Fayetteville — about 330 miles from Dallas — for coffee on the way back. Northwest Arkansas, which consists of Benton, Madison, and Washington counties, has become the country's 100th-largest metro area. Northwest Arkansas' plan to bring in new talentCompanies like Walmart, Tyson Foods, and JB Hunt are headquartered in Northwest Arkansas and have been attracting movers for years. The Northwest Arkansas Council tried luring remote tech talent with $10,000 and a mountain bike. Do you work in tech and recently move to Northwest Arkansas?
Persons: relocaters, Nicholas Falldine, Falldine, JB Hunt, John Mayer, Nelson Peacock, Peacock, Chris Thompson, Thompson, he's, Walton's, Keith Myers, jumpstart, , Fayetteville's, Jordan Pandy Organizations: Service, University of Arkansas, NWA, , Companies, Walmart, Tyson Foods, Better, Gardens, Northwest Arkansas Council, The Northwest, Kansas City Star, Austin, Census Bureau Locations: Northwest Arkansas, Wall, Silicon, Dallas, Bentonville , Arkansas, Fayetteville —, Benton , Madison, Washington, Austin, Arkansas, Fayetteville, Silicon Valley, Falldine . Northwest Arkansas, Bentonville, The, The Northwest Arkansas, Los Angeles, Philadelphia, homeownership, Tulsa , Oklahoma, Marina Del, Fayetteville Falldine
U.S. President Joe Biden delivers remarks on veterans' care at George E. Wahlen Department of Veterans Affairs Medical Center in Salt Lake City, Utah, U.S. August 10, 2023. REUTERS/Jonathan Ernst/File PhotoWASHINGTON, Aug 11 (Reuters) - U.S. President Joe Biden is tapping C. Kirabo Jackson, a labor economist whose research advocates robust public spending on schools, to fill out his three-member Council of Economic Advisers (CEA), according to a White House official. The selection suggests public education will be a key area of focus for Biden's brain-trust ahead of a 2024 re-election bid expected to turn on the strength of the economy. Jackson's pick also comes as the Biden administration is thinking through how to boost lagging educational performance since the COVID-19 pandemic. Reporting by Trevor Hunnicutt; Editing by Heather Timmons and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, George E, Jonathan Ernst, Kirabo Jackson, Jackson, Biden, Jackson's, Cecilia Rouse, Trevor Hunnicutt, Heather Timmons, Andrea Ricci Organizations: George, Wahlen Department of Veterans Affairs Medical, REUTERS, Economic Advisers, White, Northwestern University, Princeton University, CEA, Thomson Locations: Salt Lake City , Utah, U.S
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