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Opinion | Can Intel Serve Two Masters?
  + stars: | 2024-03-29 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
This week I interviewed Pat Gelsinger, the chief executive of Intel, which is one of the most important companies in the United States. To Biden and Commerce Secretary Gina Raimondo, the special thing about Intel is that it doesn’t just design chips in the United States, as, for example, the current stock market darling Nvidia does. It’s planning to spend $100 billion over five years on manufacturing and research and development projects in Arizona, New Mexico, Ohio and Oregon. While all three of those rivals have some U.S. production, Intel is the only one that has U.S. headquarters and its most advanced production and process technology R & D in the United States. Raimondo, at the announcement in Arizona, called Intel “America’s champion semiconductor company.”
Persons: Pat Gelsinger, Biden, Gina Raimondo, , Raimondo, Organizations: Intel, Biden, Nvidia, Commerce Department, T.S.M.C, Samsung Locations: United States, Arizona , New Mexico , Ohio, Oregon, Taiwan, South Korea, Abu Dhabi, Arizona
CNN has reached out to the Chiefs, Rees-Zammit’s agent and the NFL for comment. The 23-year-old winger is a star for Wales and his former club Gloucester but elected to leave the security of rugby for the NFL International Player Pathway (IPP) program and eventually an NFL roster. “I fancy a new challenge and what a better challenge than to be in the NFL,” Rees-Zammit told CNN’s Coy Wire earlier this month. Despite never playing American football at any organized level, Rees-Zammit is familiar with the game, having watched the sport from a young age. “My dad as a teenager in the UK, he always played American football,” Rees-Zammit explained to Wire.
Persons: CNN — Louis Rees, Rees, ” Rees, Zammit, CNN’s Coy, “ I’ve, Organizations: CNN, National Football League, Welsh, Kansas City Chiefs, ESPN, Chiefs, NFL, Wales, Gloucester, Irish Lions, American Locations: American
Opinion | What Does True Consent Look Like for Consumers?
  + stars: | 2024-03-27 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
A man with a squeegee cleans your windshield while your car is stopped and then asks for money. Society expects that when we sit down in a barber chair, we’re implicitly agreeing to exchange money for a shearing. What constitutes consent is an unsettled aspect of law, and there are big economic implications. There are also debates about express consent, which seems like it would be cut and dried but actually isn’t. There are several spheres of life where questions of consent are bubbling up.
Persons: we’re, Henrietta Lacks Organizations: . Society
Opinion | Why I Can’t Wait for the Sun to Go Dark
  + stars: | 2024-03-25 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
In 1991, I went to Teotihuacán, Mexico, to watch a total solar eclipse from the Pyramids of the Sun and the Moon. At the time of totality, it just got really dark. I didn’t see a hole in the sky surrounded by a shimmering corona or any other eclipse phenomena: Baily’s beads, the diamond ring. Eclipse-watching, on the other hand, is very much like economics in that it’s vulnerable to all kinds of uncontrollable effects. “People laugh, cry, stare dumbfounded, jump up and down,” Peter Tyson, editor in chief of Sky & Telescope magazine, wrote in a special issue this year.
Persons: , dumbfounded, ” Peter Tyson, ” Kate Russo Organizations: Sun, Sky & Locations: Teotihuacán, Mexico, Plattsburgh, N.Y, Lake Champlain
Let’s say for now that the day comes when robots and artificial intelligence can outperform human beings at every conceivable job, from waxing floors to waxing eyebrows to waxing philosophical at a lectern. “It’s very possible that regular humans will have plentiful, high-paying jobs in the age of A.I. dominance — often doing much the same kind of work that they’re doing right now,” he wrote Sunday on his Substack. I ran Smith’s argument by several economists who think a lot about these issues, and they were skeptical. But there’s so much pessimism around the future of work these days that Smith’s take comes as a welcome ray of sunshine.
Persons: Noah Smith, , , Smith, Martha Stewart Organizations: Revolution
Opinion | What Makes a Coincidence Meaningful?
  + stars: | 2024-03-18 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
There are two kinds of people in the world: People who say, “What a coincidence,” and people who say, “Just a coincidence.” Same facts, different reactions. I attended an economics conference in the World Trade Center on Sept. 10, 2001, and decided not to go back for the second day. (The conference was below ground level, so everybody who stayed for Sept. 11 got out safely, for what it’s worth.) For example, rolling a die and getting 6-6-6-6-6-6-6-6-6-6 seems more surprising than getting, say, 6-2-4-5-1-3-2-5-4-6, but the two are equally probable. Remember that it’s any two people, not necessarily you and someone else, so there are many potential pairs.
Persons: I’m, It’s, you’d Organizations: World Trade Locations: Eldena ,
Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018. Getty Images Putin speaks with American right-wing pundit Tucker Carlson during an interview in February 2024.
Persons: Vladimir Putin, Putin, , Dmitry Kiselyov, Mikhail Mishustin, Ukraine –, Kiselyov, , Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, , Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Yevgeny Prigozhin, Wagner, Prigozhin, Pavel Bednyakov, Kim Jong Un, Kim, Tucker Carlson, Zuma Press Putin, Maxim Shemetov, – what’s, Alexey Navalny, Navalny, ” Putin Organizations: CNN, coy, Kremlin, Getty, Russian, ZUMA Press, Putin, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, AP North Korean, Vostochny, Tucker Carlson Network, Zuma Press Locations: Russia, Ukraine, Putin Russia, Russian, Bakhmut, St . Petersburg, Leningrad, Germany, Moscow, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, Belarus, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, Tsiolkovsky, Russia's, North Korea, United States
Plagued by legal trouble and abandoned by his allies, Senator Robert Menendez has made clear what he will not do: quit before his term is over in January. He has taken to the Senate floor to profess that he is innocent of what he insists are trumped-up bribery charges pursued by overzealous federal prosecutors. And he has ignored widespread, sometimes mocking calls for his resignation. But when it comes to whether Mr. Menendez, a New Jersey Democrat, intends to seek re-election, he has been uncharacteristically coy. “I don’t think announcing it in a courtroom would be the best idea,” he said after being arraigned Monday in Manhattan for the third time on charges that he participated in a yearslong bribery conspiracy.
Persons: Robert Menendez, Menendez, coy, , Organizations: New, New Jersey Democrat Locations: New Jersey, Manhattan
“Is this what America’s retirement system has come to?” she asks. “Are we heading for a TikTok pension system?”Ghilarducci argues that working longer is not the solution to America’s retirement crisis, in which millions of people don’t have enough money for a comfortable old age. The most important fix, she says, is to shore up Social Security and complement it with a new automatic-enrollment pension plan for workers who lack access to an employer-sponsored retirement plan. I’ve been arguing that working longer kind of is the solution for the retirement crisis, or at least part of the solution. “Yes, Granny deserves a good job if she wants one,” she writes, “but working until you drop is not a civilized plan for a civilized society.”
Persons: Teresa Ghilarducci, , Ghilarducci, I’ve, I’m, Granny, Organizations: Walmart, Social Security, New School for Social Research Locations: New, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom Facebook question to floral success: Blooms in Hand flourishesAnn Coy began her journey after relocating from Philadelphia with her husband and posing a simple question on Facebook: Would people be interested in a subscription service for wrapped bouquets? With an overwhelming response, Blooms in Hand was born.
Persons: Ann Coy, Hand Locations: Philadelphia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeds of success: how Blooms in Hand sprouted from a Facebook questionWhile pregnant, Anna Coy began her entrepreneurial journey handcrafting bouquets for her floral subscription service. After relocating to New Jersey from Philadelphia with her husband, she found herself eager to utilize her design skills. She posed a question on Facebook, inquiring if people would be interested in a weekly or bi-weekly bouquet service, and thus, Blooms in Hand was born.
Persons: Anna Coy, bouquets, Hand Organizations: Facebook Locations: New Jersey, Philadelphia
Tuesday was the 35th anniversary of the day that Tim Berners-Lee of the European Organization for Nuclear Research wrote the memo proposing what became the World Wide Web. I think it’s fair to say, though, that most people are not in the mood to celebrate what has become of Sir Timothy’s invention. It’s common to hear that the internet is broken and that social media is a dumpster fire. A lot go in the right direction, but I haven’t seen anything that seems likely to fully solve the many problems of today’s internet, from invasions of privacy to incitements of violence. Lasting solutions, if there are any, are likely to come from a combination of technological, legal and cultural approaches.
Persons: Tim Berners, Lee, Elizabeth II, Sir, I’ve Organizations: European Organization for Nuclear Research Locations: United States
And so I think it’s a net positive.”Even if Trump is convicted of a felony, Hudson predicted it wouldn’t “have an impact” on his candidates in swing districts. There are a limited number of House districts truly at play in the 2024 elections – given many district lines are gerrymandered in a way to protect one party over the other. Democrats have their eyes set on the 17 Biden districts, which will take the race for the House from New York to California. A total of 170 Democrats voted against the legislation, accusing Republicans of exploiting the tragic death of a nursing student in order to score political points. “We’ve pretty much seen the Republicans, especially House Republicans, wait to hear from Trump in terms of deciding whether they even want to move legislation forward.
Persons: Donald Trump, Joe Biden, Trump, Biden, Richard Hudson, “ He’s, Hudson, , “ I’ll, Suzan, ” DelBene, “ That’s, Mike Lawler –, , I’m, Tom Kean Jr, North Carolina –, ” Hudson, “ We’re, , Riley, Gabe Vasquez, Pat Ryan, Andrea Salinas, Val Hoyle, Oregon, Laken Riley, “ They’re, Roe, Wade, Dobbs, DelBene, … we’ve, Laurie Buckhout, Don Davis, Republican David Valadao –, Mark Harris, Mark Robinson, Harris, Robinson, ” CNN’s Melanie Zanona, Christine Park Organizations: CNN — House Republican, GOP, , North Carolina Republican, CNN, Biden, Trump, Republican, Democratic Congressional, , House Republican Party, Alaska –, Democrats, House, National Republican Congressional Committee, Republicans, House GOP, PAC, Congressional, Fund, Democrat, energize Locations: Washington, New York, United States, New Jersey, Trump, California, Maine, Alaska, Michigan, Louisiana, Alabama, North Carolina, New Mexico, Andrea Salinas of Oregon, Biden’s State
Flau’jae, the 20-year-old star of basketball and hip-hop, does not manage $1.3 trillion in assets for clients. She also does not have an army of financial advisers and economists at her disposal. Listen to “Paper Right,” a recently released hip-hop track recorded by Wyclef Jean, a founding member of the Fugees, with guest appearances by artists including Flau’jae, Pusha T, Lola Brooke and Capella Grey. I wrote on Monday about a program that teaches math through personal finance and personal finance through math. You have to keep your eyes on the prize — and to know that there’s a prize you should want in the first place.
Persons: , Wyclef Jean, Pusha, Lola Brooke, Capella Grey, TIAA’s, there’s, Jean Organizations: Teachers Insurance
I hope President Biden doesn’t show up for his State of the Union address on Thursday with a Snickers bar. Biden is obsessed with high prices because voters are, and he knows that to beat Donald Trump in November he needs to make a strong case that he’s wrestling inflation to the ground. But there are good ways and bad ways to fight inflation. One of the bad ways, I think, is to put the blame on price gouging and corporate greed, as Biden has done on numerous occasions. Gouging refers to abrupt, extreme price increases to take advantage of temporary scarcity, often accompanied by hoarding.
Persons: Biden doesn’t, Biden, Donald Trump Organizations: Politico, Times
It brings the U.S. closer to the European Union and California, which moved ahead earlier with corporate climate disclosure rules. The narrowed rule doesn’t include requirements that companies report some indirect emissions known as Scope 3. And small or emerging companies don’t have to report emissions at all. The SEC has said many companies already report such information, and the SEC’s rule would standardize such disclosures. More than 5,300 companies will be required to report their emissions under the California rule, according to Ceres, a nonprofit that works with investors and companies to address environmental challenges.
Persons: Caroline Crenshaw, , , Hester Peirce, ” Peirce, , Hana Vizcarra, Vizcarra, Gary Gensler, Gensler, ” Gensler, Coy Garrison, ” Suzanne Ashley, ” Ashley Organizations: WASHINGTON, U.S . Securities, Exchange Commission, U.S, European Union and, Publicly, SEC, Republican, Companies, Associated Press Locations: European Union and California, Earthjustice, U.S, overreach, California, Ceres, AP.org
I offer to pay you $200 in one year if you give me $190 today. It’s the kind of math problem you might encounter in real life, as opposed to, say, whether the cosecant of a 30-degree angle is 1 or 2. Math and personal finance make a perfect fit. A survey in 2022 funded by the Bill and Melinda Gates Foundation found that 61 percent of parents of students said math education should be “relevant to the real world” but that only 21 percent said it was. Some of America’s top universities are incorporating personal finance into their curriculums.
Persons: Bill, Melinda Gates Organizations: Melinda Gates Foundation
A better and more interesting conversation about comedy and the disabled is not whether people should be allowed to crack disability jokes (they are) or if disability can even be funny (it absolutely can be). The real question is who should be telling these jokes and how the lived experience of disability — punching up, rather than down — can make for radical, truly edgy comedy. Telling jokes about yourself, rather than dunking on others, is a true art form, and disability comedy threads that needle in a way that sometimes makes audiences uncomfortable, pushing at their understanding of disability in society and culture. One reason disability is so terrifying is the unknown factor, since many nondisabled people think they don’t know anyone disabled or that disability itself is a taboo topic, when in fact making disability funny can be accessible and disarming. Some 20% of the US population is disabled, and disability is one of the few marginalized identities that you can take on at any moment.
Persons: CNN —, Shane Gillis, Michaela Oteri Gillis, Dave Chappelle’s “, “ There’s, ” Chappelle, there’s, Gillis, Chappelle, That’s, they’re, Maysoon, coy, disablism, Pat Loller, Harold Foxx, Josh Blue, Steve Lee, Danielle Perez, Nina G, Bo Burnham’s, Gillis ’, They’re, Organizations: CNN, SNL, Netflix, NBC Locations: Northern California, British, Palestinian American, Afghanistan
As a kid I was dazzled that Howard Johnson’s had 28 flavors of ice cream, including lemon stick and strawberry ripple. As an adult I am equally impressed by the number of flavors of inflation. There are dozens of ways to measure price changes, each serving a different purpose. The big news on Thursday was an increase in one particular flavor of inflation, the price index for core services excluding housing. In other words, the inflation you experience depends on the things you buy.
Persons: Howard Johnson’s Organizations: Federal Reserve, of Labor Statistics, Labor Department, Commerce Department Locations: U.S
“The proposed acquisition is by far the largest supermarket merger in U.S. history,” one that would unite “the No. 2 traditional supermarket chains in the United States,” it says in its complaint. is correct on the numbers, but the key word is “traditional.” Traditional supermarket chains no longer dominate the grocery business. Kroger is a distant second to Walmart, with a 10 percent market share, and Albertsons is fourth (behind Costco Wholesale), with 6 percent. So even if Kroger and Albertsons merged, they would be only a little more than half of Walmart’s size.
Organizations: Kroger Co, Albertsons Companies Inc, titans, Federal Trade Commission, Albertsons, Walmart, Sam’s Club, Solomon Partners, Kroger, Costco Wholesale Locations: United States
What if Mom’s Not to Blame?
  + stars: | 2024-02-27 | by ( Mark Harris | Keita Morimoto | ) www.nytimes.com   time to read: +3 min
The past year has brought an exceptionally varied and thematically rich crop of movies exploring men and their — to use the proper scientific term — mommy issues. By the end of most of them, blood is on the floor, and the collateral damage is steep. Men who couldn’t, or worse, didn’t want to, were portrayed as marionettes tied to and practically strangled by their mothers’ apron strings. “I’ve been talking to this psychiatrist about my mother for two years now,” his character says in “Pillow Talk” (1959), adding, “It’s perfectly healthy. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Persons: Beau, , who’s, Freud, Robert Walker’s simpering, mommy, Anthony Perkins, Norman Bates, Marion Crane, Janet Leigh, Tony Randall, Doris, “ I’ve Organizations: Hudson, The
I'd wonder how they could be so foolish as to divulge their innate longing for offspring at their advanced age. during a game of pool on a second date with a man drinking a light beer. I'm not exactly the ideal candidate for a man who wants to start a family the old-fashioned way. AdvertisementIn all honesty, dating at my age and with my goals requires patience and a healthy relationship with reality. In fact, I've spoken with and even dated several men who prefer dating women my age.
Persons: I'd, I'm, coy, Chad !, divorcés, Amal, George Clooney Organizations: pleasantries Locations: what's
If there is a recession in the United States this year, it probably won’t be because consumers spontaneously run out of spending power. I’ve put together five charts that show that consumers are in reasonably good shape, although life is getting harder for the most vulnerable groups. Households aren’t “the place to look for economic weakness,” Michael Pearce, the deputy chief U.S. economist for Oxford Economics, a forecaster, told me last week. The personal saving rate fell in December to 3.7 percent of disposable personal income, which except for a dip in 2022 was the lowest since 2008. “In 2023 consumers were still on average somewhat better off financially than they were in 2019, but the trend is negative,” the Consumer Financial Protection Bureau wrote in a December report.
Persons: I’ve, ” Michael Pearce, , Mike Croxson Organizations: Oxford Economics, Consumer Financial, Bureau, National Foundation, Credit Locations: United States
Opinion | Ban Fossil Fuels? Readers Had Strong Thoughts.
  + stars: | 2024-02-21 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
I got a lot of responses to my Friday newsletter on restricting the supply of fossil fuels, one of which said “oof no” in the subject line. He is an economics professor at Vassar College and was the lead energy economist for the White House Council of Economic Advisers in the George W. Bush administration. The United States is such a big producer of fossil fuels that if it abruptly banned or restricted production, the reduction in supply would drive up the world price of oil, curbing demand. That’s the good part. The bad part, Ho wrote, is that “banning fossil fuels in the U.S. just increases profits to OPEC countries that don’t abide by the ban and encourages them to drill for more oil.”
Persons: , Benjamin Ho, , I’ll, Ho, George W, Bush Organizations: Vassar College, White House Council, Economic Advisers Locations: United States, U.S
AdvertisementAn incoming cast member on "Stranger Things" says the final season will take an entire year to film, likely ending hopes of an early 2025 release date. The "Stranger Things" writers announced on May 6 they would pause production, and didn't return until September 27 when the Writers' Guild of America strike ended. Hamilton, who joined the "Stranger Things" cast in June 2023, told Business Insider she had her first week on the hit show's set earlier in February. The stars of "Stranger Things" season four: Natalia Dyer, Joe Keery, Gaten Matarazzo, Maya Hawke, Sadie Sink and Caleb McLaughlin. I confirm everyone's theory is correct," Hamilton told Business Insider.
Persons: Linda Hamilton, didn't, Hamilton, Natalia Dyer, Joe Keery, Gaten Matarazzo, Maya Hawke, Sadie Sink, Caleb McLaughlin, hasn't, Millie Bobby Brown, Joyce, Winona Ryder, Duffer Organizations: Netflix, Business, Hollywood, Writers ' Guild of America, CIA, coy, US Weekly
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