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☆ They Knew Little About Oysters. Now They Have a Farm With 2 Million.
▼ + stars: | 2023-05-26 | by ( Heather Senison | ) www.nytimes.com time to read: +1 min

They’re installing an oyster automat outside the warehouse to sell boxes of Little Rams and shucking gear, and plan to bottle their homemade oyster sauce. It’s not every day that a couple shows up from Brooklyn and elbows their way in with folks who grew up clamming. They joined the Long Island Oyster Growers Association, where Ms. Bassett helps with public relations and marketing. Phil Mastrangelo, 57, part owner of the Oysterponds Shellfish Company in Orient, one of the biggest farms on Long Island with 10 million oysters, said the wife-and-wife team’s marketing has benefited others. 1 oyster in the world and it’s good for them to be promoting the region again,” he said.

☆ The chief investment strategist of JPMorgan Global Wealth explains why the worst thing investors can do right now is sit on cash — and shares 5 other high-conviction investment ideas
▼ + stars: | 2023-05-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

But his highest-conviction idea is that investors should rotate out of cash into fixed income. But despite these factors, risk assets are currently fully valued and fully priced into the market. While most investors have some equity exposure, they've also raised a lot of cash in the past two years. 5 other high-conviction investment ideasWithin equities, at the sector level Kennedy currently favors industrial and reasonably-priced technology stocks. Finally, Kennedy also listed China A-shares as an attractive investment, pointing to the economic reopening, a surge in consumption, supportive monetary policies, and increased exports and investment growth as catalysts.

☆ Bankrupt Bed Bath & Beyond Seeks Millions From Ocean Carriers
▼ + stars: | 2023-05-02 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

The Orient Overseas Container Line’s Hong Kong container ship sits anchored dockside in Felixstowe, U.K. Photo: Chris Ratcliffe/Bloomberg NewsBankrupt retailer Bed Bath & Beyond is seeking tens of millions of dollars from container shipping lines, claiming the carriers willfully abandoned service commitments at the height of supply-chain turbulence to reap enormous profits from the market turmoil. The home-goods retailer says in a complaint filed with U.S. maritime regulators that Hong Kong-based Orient Overseas Container Line pursued “brazen price gouging and profiteering” that cost Bed Bath & Beyond $31.7 million in extra freight charges, along with additional costs and lost profits.

☆ Where the trucking and rail recession is showing up in the economic data
▼ + stars: | 2023-04-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

The decrease negatively impacts earnings for both trucking and rail where revenue is generated by moving freight. Ocean freight orders are a leading indicator of train and trucking earnings since 90% of the world's trade moves by water. This is one of three key supply chain charts that are signaling more financial potholes for trucking and rail companies. West Coast ports have been losing trade to both the East Coast ports and Gulf ports as a result of prolonged labor negotiations, though union representatives indicated last week a "tentative agreement" had been reached, but no details were provided. Trucking is needed for both container pick up at the ocean terminals and rail ramps.

☆ Spotify's CEO says the music industry has 'legitimate concerns' about AI-generated songs
▼ + stars: | 2023-04-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Spotify CEO Daniel Ek said concerns from labels and music companies about AI are "legitimate." His comments come after AI-generated songs that sound like popular artists went viral this month. The music industry has "legitimate concerns" about songs generated by AI, the CEO of Spotify said. Daniel Ek addressed the industry's growing unease about AI music in Spotify's first quarter earnings call Tuesday and said it's working with partners to come up with solutions. Grimes, the former partner of Elon Musk and mother to two of his children, tweeted Monday that she'd share half the royalties from any AI-generated song using her voice.

☆ US bank run victims were bailed out in 3 days. In China, many have been waiting a year
▼ + stars: | 2023-04-21 | by ( Selina Wang | ) edition.cnn.com time to read: +9 min

CNN is not revealing the identities of the bank victims in order to protect their safety. Bank victims protest in Henan in July 2022. Experts say small banks in other parts of China could face the same crisis, as the world’s second largest economy faces a longer term structural slowdown. Some Chinese bank victims even say they’re living in fear of violent reprisals. CNN interviews bank victims in China.

☆ New propellers with looped blades could help make the oceans quiet again, sparing both marine life and the climate
▼ + stars: | 2023-04-19 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Sharrow Marine sells them for small boats but would need to scale up to reach the shipping industry. A traditional ship propeller that has blades in a screw-like form. That's what Sebastian realized when he put loop propellers on a drone. Sharrow began selling propellers to recreational boaters in 2020 through a company he founded called Sharrow Marine. Testing led by the company BoatTEST found that the Sharrow Propeller was up to 30% more efficient than a standard blade propeller.

☆ One of the most important conservative think tanks is changing its tune on the free market and state power to keep up with the 'New Right' ushered in by Trump and DeSantis
▼ + stars: | 2023-04-16 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

A recent report published by the think tank outlines how government could play a greater role in the economy. The foundation is trying to keep up with American right's turn away from free markets with Trump and DeSantis. On the other side are libertarian conservatives like Sen. Rand Paul who opposes interfering with free markets. The Reaganite fusion of free markets, social traditionalism, and anti-communism "is fundamentally dead," Geoff Kabaservice, vice president of political studies at the market-oriented think tank Niskanen Center, told Insider. Heritage's president, Kevin Roberts, took over in 2021 and has aligned the think tank much more with the New Right, which is home to figures like Florida Gov.

☆ China has not provided extensive assistance to Russia as part of its war against Ukraine even as the two countries forge closer ties, senior Treasury officials say
▼ + stars: | 2023-04-07 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

One senior Treasury official said that China is, as of now, unwilling to provide material support to Russia at scale and in a significant way, pointing instead to Russian efforts to source material from North Korea and Iran. The US and its allies have also taken more direct action, sanctioning a Chinese satellite company providing intelligence to Russian forces in January and putting some Chinese companies on the US export control list. But in recent months officials have also begun to see some results from their public and private efforts. Turkish officials told the US last month that their government has been taking further action to block the transit of sanctioned goods directly to Russia, according to a source familiar with the discussion. In a speech earlier this year on the anniversary of Russia’s invasion, US Deputy Treasury Secretary Wally Adeyemo publicly warned Russian intelligence services that the US is monitoring their efforts and is cracking down.

☆ With travel nurses making $150 an hour, hospital systems are forced to innovate
▼ + stars: | 2023-03-28 | by ( Bertha Coombs | ) www.cnbc.com time to read: +4 min

She set her sights on a job at St. Peter's Health Partners hospital in Albany, New York, and landed a position in the same maternity ward where she was born. Staff shortagesThe pandemic has exacerbated nursing staff shortages and resulted in contract nursing rates surging during successive waves of Covid infections. That amounted to three times the national average for full-time staff nurses. As hospitals have become increasingly reliant on contract nurses, travel nurse expenditures have risen more than 250% since the start of the pandemic. With more than 30,000 registered nurses in its system, nearly 1 in 10 of Trinity's nurses currently work through First Choice.

☆ Why connectedness is the future of great customer experiences
▼ + stars: | 2023-03-21 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +6 min

For generations before digital, customer interactions were highly personal: Merchants talked directly with each person and learned pretty quickly why they were or were not completing transactions and deepening relationships. Connected customer experiencesEvery business wants to grow. But in order to connect a customer's experiences, brands first must connect with them, and do so with their privacy and preferences in mind. The same platform that enables connected customer experiences should be able to connect with and facilitate all of these business needs, leveraging properly gathered and governed customer data. Find out how Adobe can help you form a connected customer experience.

As debt obligations mount, some local governments are pushing banks to extend maturities and cut interest rates, sources said. Reuters Graphics"BLACK HOLES""The LGFVs have become the black hole of the Chinese financial system. Chinese banks and other financial institutions have been cautious on new lending to LGFVs over the past years. In recent months, some state-owned banks, asset managers, and insurers have been looking into their portfolios to screen LGFV borrowers with weaker creditworthiness and dispose them, separate financial sector sources told Reuters. Offshore branches of Chinese financial institutions have been major buyers of the bonds, industry sources said.

☆ Psychologist shares the nightly routine she uses to make new habits stick: ‘It really helps me keep going’
▼ + stars: | 2023-03-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

When Rachel Turow gets ready for bed, she flosses differently than most other people: She talks to herself while doing it. The overly excited mental pep talk is intentional, Turow tells CNBC Make It: A "wild amount of encouragement" gives her the "burst of reinforcement" she needs to accomplish a task she otherwise hates. Of course, that's easier said than done — which is why starting with something as small as flossing can help kick you into action. "I'm not going to be super conceited about flossing," Turow says. So far, it's been effective: "It really helps me keep going," she says.

☆ I asked ChatGPT to help me plan a vacation. Here’s what happened next
▼ + stars: | 2023-02-27 | by ( Monica Pitrelli | Chris Dwyer | ) www.cnbc.com time to read: +8 min

So the idea that artificial intelligence chatbots, such as ChatGPT and Bing, can research travel destinations and create itineraries is intriguing. I went to the developer's website, clicked on the word "ChatGPT," registered for an account — and started chatting. "All of the places I recommended have great online reviews," ChatGPT replied, providing ratings from Tripadvisor, Booking.com and Google for each hotel. But ChatGPT couldn't show photographs of the hotels or help book them — although it did provide ample instructions on how to do both. Every city I asked ChatGPT about resulted in the bot praising the local food scene.

☆ Seen Big Ben already? Here's a Londoner's guide to visiting other parts of the city
▼ + stars: | 2023-02-15 | by ( Lucy Handley | ) www.cnbc.com time to read: +11 min

Central London's City of Westminster is its political heart, while the City of London is where the capital's financial decisions happen. But be warned: Several paths across Hyde Park are pedestrian-only, and police often fine people who cycle on them. The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. While north London has Hampstead Heath, south of the river is Richmond Park, which dwarfs its northern counterpart in size. There's also a branch in central London's Covent Garden — the flower-filled restaurant The Petersham — that has an sit-down deli and bar.

You feel like he's on a solo mission," Tania Daou-Alam, who lost her husband in the blast, told Reuters. Bitar went on to file his own charges against several top politicians, including former ministers allied to Hezbollah. Bitar, a devout Catholic from Akkar region of the north, has charged officials from across the sectarian spectrum including Shi'ites, Sunnis and Christians. "I said from the start 'the right person is in the right place'," he added, describing Bitar as just with no political affiliations. William Noun, who lost his brother in the blast, said of Bitar's move: "This is very much a judicial uprising".

☆ Twinkle, twinkle fading stars: Hiding in our brighter skies
▼ + stars: | 2023-01-20 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Every year, the night sky grows brighter, and the stars look dimmer. A new study that analyzes data from more than 50,000 amateur stargazers finds that artificial lighting is making the night sky about 10% brighter each year. “This is real pollution, affecting people and wildlife,” said Kyba, who said he hoped that policymakers would do more to curb light pollution. The study data from amateur stargazers in the nonprofit Globe at Night project was collected in a similar fashion. “The night sky has been, for all the generations before ours, a source of inspiration for art, science, literature,” he said.

☆ An ultra-luxury Orient Express superyacht featuring a 15,000-square-foot presidential suite will set sail in 2026. Take a look.
▼ + stars: | 2023-01-15 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

The Orient Express brand is taking to the high seas with a 720-foot superyacht. The Orient Express Silenseas will have 54 suites as well as a huge presidential suite. The Accor Group, the hotel giant that also owns Sofitel, Mercure and Novotel, said the Orient Express Silenseas will be able to accommodate up to 120 guests. A rendering of the Orient Express Silenseas. Martin DarzacqThe superyacht, set to sail in 2026, is a partnership between Accor and Chantiers de l'Atlantique, a French shipbuilder.

☆ Saudi Arabia's $500 billion bet to build a futuristic city in the desert
▼ + stars: | 2023-01-13 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country's Vision 2030 plan, the project is the brainchild of Saudi's de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. "Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process." The Neom project is far from without controversy, though. It also is being seen by some as a way to distract attention from Saudi Arabia's human rights record.

☆ I make fake snow for films like 'Fantastic Beasts.' It's fun to make but painstaking to clean up — now I never look at winter movies the same.
▼ + stars: | 2023-01-12 | by ( Jem Bartholomew | ) www.businessinsider.com time to read: +6 min

Jon Llewellyn works at Snow Business International, a company that produces fake snow. I work at Snow Business International, where we make fake snow for all kinds of movie sets and more. There's a lot of secrecy around Christmas TV ads in the UKPeople talk, so we use code names to muddy the water. Jon LlewellynRecently, we cleaned up this entire area of fake snow on a shoot in Ireland. But it's funny because I thought it looked a bit unrealistic on the cars, even though it was real snow.

☆ Chinese billionaire Jack Ma to relinquish control of Ant Group
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Jan 7 (Reuters) - Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday. This trend will continue the erosion of the most productive parts of the Chinese economy. DUNCAN CLARK, CHAIRMAN OF INVESTMENT ADVISORY FIRM BDA, BEIJING:"Yes, it's obviously significant if he is no longer the controlling shareholder. This in theory should pave the way for an IPO assuming the other key issue - oversight/ownership of data - is also resolved. At least Ant investors can (now) have some timetable for an exit after a long period of uncertainty."

☆ China's economic situation could 'level out' only in the second half of 2023, analyst says
▼ + stars: | 2022-12-30 | 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 EmailChina's economic situation could 'level out' only in the second half of 2023, analyst saysAndrew Collier of Orient Capital Research discusses how China's property market and reopening might affect its economic outlook for 2023.

Employers may go through 'culture shift'Prioritizing quality of life for employees is one of the biggest career trends of 2022, said management consultant Christine Spadafor. Workers continue to demand flexibilityChandra Sahu's job gives her the flexibility to work remotely. Sahu's job changes may reflect another trend some workplace management experts call a "career correction." "The right skills, and getting those, top getting that talent into the right positions within organizations." Remote work is here to stayRecognizing employees' need for flexibility will be essential to filling roles.

A Culture in theCross Hairs Russia’s invasion has systematically destroyed Ukrainian cultural sites. It has also dealt a grievous blow to Ukrainian culture: to its museums and monuments, its grand universities and rural libraries, its historic churches and contemporary mosaics. This is how empires always work.” The war in Ukraine is a culture war, and the extent of the destruction is becoming clearer. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion.

In 2019, Cambodia supplied 8,571 of the 33,818 research monkeys imported to the U.S., or 25%. In 2021, the number of monkeys from Cambodia more than doubled to 18,870, making up nearly 60% of the 31,844 research monkeys brought to America. Earlier this year, long-tailed macaques and pig-tailed macaques were listed as endangered species by the International Union for Conservation of Nature. The decades long effort by animal rights groups to derail the monkey trade has made some impact. The incident shined a rare spotlight on the monkey trade, which largely goes on outside the view of the public.

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