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☆ Take Five: Farewell to a bruising August
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Other data such as consumer confidence, the state of manufacturing, and inflation, with the latest personal consumption expenditures index is also due. Line chart with data from Refinitiv Datstreamn shows U.S. unemployment rate and federal funds target rate from January 2021 to July 2023. Yet Thursday's flash euro area August inflation number, which follows releases from some member states, could be the decider. The world's most populous country is already concerned about the threat to production of several basic commodities, including rice and sugar.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Nigel Hunt, Dhara, payrolls, Bundesbank, buybacks, Xi Jinping, Karin Strohecker, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, ECB, Reuters, Nino, Climate, Thomson Locations: New York City, U.S, China, Lewis, New York, Tokyo, Amsterdam, London, Jackson Hole , Wyoming, Indonesia, Thailand

[1/2] Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. China's prolonged economic slowdown this year comes amid weakening demand both at home and globally, a property crisis and rising unemployment. "China will continue to expand market access, comprehensively optimise the business environment ... and protect the rights and interests of entrepreneurs in accordance with the law." Eskelund, who is also Chief Representative for Danish shipping giant Maersk in Greater China and Northeast Asia, said: "I think China is evolving. This has come as European leaders have also emphasised derisking their economic ties with China.

Persons: Florence Lo, Jens Eskelund, crackdowns, Eskelund, Valdis, Laurie Chen, Shri Navaratnam Organizations: Central Business, REUTERS, European Chamber of Commerce, Reuters, China ., China . European Union, Thomson Locations: Beijing, China, BEIJING, Greater China, Northeast Asia, Danish, China . European

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

“If you were to throw gasoline on a fire that’s already burning, that fire would grow really rapidly, really quickly. “Being hurricane season prepared also means being compassionate and kind to yourself during times of hardship,” NOLA Ready, the city’s emergency preparedness campaign, advised in a post on Instagram. Ms. Sibley, an administrative assistant and Ms. Ozane’s sister, has tried to save money to help with riding out hurricanes only for other demands to interfere with that. “What am I going to do if a hurricane really comes?” she said. “I pray we don’t have a bad one this year,” Ms. Sibley said.

Persons: El Niño, ”, Roishetta Sibley Ozane, Phil Klotzbach, “ There’s, Hurricane Ida, Emily Kask, The New York Times El, El, Eric Blake, Andrew, Craig E, Blake, Michael, Laura, Ian, Clay Tucker, NOLA Ready, Hurricane Laura, Ozane, “ They’re, Lake Charles, Ms, Meoshia Sibley, Sibley, Ozane’s, ” Ms, “ Organizations: Biscayne, El, Colorado State University, ”, National Oceanic, Atmospheric Administration, Atlantic, The New York Times, National Hurricane Center, Experts, Louisiana State University, University of Southern, Delta, of Louisiana Locations: Biscayne Beach, Florida, Westlake, La, Hurricane, Galliano, United States, University of Southern Mississippi, New Orleans, Lake Charles, Louisiana

☆ Bonds find respite but China crisis festers
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. But equally there was little let-up in the bad news from China's ailing economy and real estate sector. China's securities regulator said on Friday it would cut trading costs, support share buybacks and introduce long-term capital as it unveiled a package of measures aimed at reviving the stock market and boosting investor confidence. Other Asian bourses and European stocks fell too, with U.S. stock futures also in the red before the open. Emerging market equity indices (.MSCIEF) teetered near two-month lows too.

Persons: Brendan McDermid, Mike Dolan, HSI, teetered, Estee Lauder, Joe Biden, Fumio Kishida, Yoon Suk, Elaine Hardcastle Organizations: New York Stock Exchange, REUTERS, Bank of America, Federal, Jackson, China, HK, People's Bank of, U.S, Japan's, Palo Alto Networks, Deere, Treasury, Japan, South, Camp David Reuters Graphics Reuters, Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, China, Treasuries, Beijing, Philadelphia, Shanghai, Hong Kong, People's Bank of China, South Korea

For investors who had expected more economic strife, sticking to those calls has become increasingly difficult. "It's going to take longer for rates to rally," said John Madziyire, senior portfolio manager and head of U.S. Treasuries and TIPS at Vanguard Fixed Income Group. "Recession or no recession, we think the probability of higher-for-longer interest rates is far greater than the likelihood of near-term cuts," credit investment firm Oaktree Capital said in a recent note. A re-acceleration in inflation could lead to higher rates than the market has priced in. Some are navigating the uncertainty by combining exposure to higher-yielding short term bonds with long-term bonds in case of a downturn.

Persons: –, Felipe Villarroel, John Madziyire, Oaktree Capital, Danielle Poli, Anthony Woodside, Woodside, Stephen Dover, Chip Hughey, Davide Barbuscia, Richard Chang Organizations: Bond, Federal Reserve, TwentyFour Asset Management, Bank of, Fitch's U.S, Treasury, Oaktree, Fund, Reuters, U.S, Franklin Templeton Investment Solutions, Truist Advisory Services, Vanguard, Thomson Locations: U.S, Oaktree

Construction workers take a nap in front of a wall of a construction site during their lunch break in Beijing, China, May 5, 2015. REUTERS/Kim Kyung-Hoon /File PhotoAug 15 (Reuters) - China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy. Fu Linghui, a spokesman for the National Bureau of Statistics (NBS), said the release of data would be suspended while authorities look to "optimise" collection methods. "The declining availability of macro data may further weaken global investors' confidence in China," said Ting Lu, chief China economist at Nomura, adding that youth unemployment was expected to have risen in July. The most recent NBS data on youth unemployment, published last month, showed the jobless rate jumping to a record high of 21.3% in June.

Persons: Kim Kyung, Fu Linghui, Fu, Ting Lu, Tuesday's, Laurie Chen, Albee Zhang, Muralikumar Anantharaman, Sam Holmes, Gerry Doyle Organizations: REUTERS, National Bureau of Statistics, Nomura, China News Service, Thomson Locations: Beijing, China, Weibo

☆ Opinion: Oppenheimer’s not your daddy
▼ + stars: | 2023-08-11 | by ( Opinion Aanchal Saraf | Rebecca H. Hogue | ) edition.cnn.com time to read: +11 min

Corbis/Getty ImagesScholar Teresia Teaiwa famously critiqued the bikini as instrumental to depoliticizing and concealing the effects of nuclear weapons in the Pacific. Britain and France would later begin their own nuclear weapons programs on Indigenous lands and waters in Australia and French Occupied Polynesia, among others. The US began detonating nuclear bombs at the Nevada Test Site in 1951, garnering nearby Las Vegas the nickname Atomic City. Atomic playboys have aestheticized nuclear weapons as sexy — but still safe — since their very existence. Nolan prolongs the time between the flash and the blast, allowing Oppenheimer’s words to hang in unnerving suspension.

Persons: Rebecca H, Hogue, Barbie ”, “ Oppenheimer, “ Barbie ”, Barbenheimer, Hogue Rebecca H, Baker, ” Rita Hayworth, Gilda, Hayworth, — Jacques Heim’s, Louis Réard, Corbis, Teresia Teaiwa, Lee A, Merlin, SpongeBob, Bert, Turtle, Walt, William Blandy, “, Christopher Nolan’s “ Oppenheimer, Cillian Murphy, Nolan, Oppie, Ernest Lawrence, Josh Hartnett, Jean Tatlock, Florence Pugh, Kitty Oppenheimer, Emily Blunt, Tatlock, Oppenheimer, J, Robert Oppenheimer, Christopher Nolan's, Melinda Sue Gordon, Nolan prolongs, “ Gilda, ”, Nolan bifurcates “ Oppenheimer ”, ” “ Oppenheimer, Barbie, Margot Robbie, ’, Ken, Ryan Gosling, —, Barbie’s, Mike ”, Edward Teller, “ It’s, Teller, “ Oppenheimer ” Organizations: Dartmouth College’s Society of Fellows, Mahindra Humanities Center, Harvard University, CNN, Warner Brothers Discovery, Universal, Trinity, Crossroads, Getty, Atomic Energy Commission, US, Las, Atomic, National Atomic Testing, Los, Communist Party, American, Twitter Locations: Pacific, Oceania, New Mexico, Hiroshima, Nagasaki, Marshall Islands, Kiribati, Northern Paiute, Western, Nevada, Amchitka , Alaska, Bikini Atoll, Britain, France, Australia, French, Las Vegas, Las, Playthings, Los Alamos, Japan, American, iconicity, Alamos

☆ Kentucky's largest school district had to cancel class for two days so it could overhaul a 'disastrous' new bus system that left kids on buses until 10 p.m.
▼ + stars: | 2023-08-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

A new bus route plan for Kentucky's largest school district left students on buses until 10 p.m. The school district is giving bus drivers time to practice their new routes over the weekend. The school district is home to Louisville, which is Kentucky's largest city with a population of 628,000, according to the US Census Bureau. Pollio said the school district would work through the weekend to update its bus route system to ensure there is no "repeat of what happened." According to Pollio, the school district is going to review all bus stops for "efficiency," pay its bus drivers to practice their new bus routes, and "dramatically increase" the capacity of its bus system call center.

Persons: Marty Pollio, Pollio Organizations: Service, Jefferson, Jefferson County Public, Census Bureau, NBC, Associated Press, The Louisville Courier Locations: Wall, Silicon, Kentucky, Jefferson County, Louisville

☆ Morning Bid: No respite from China woes
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 8, 2023. Futures indicate that European stocks are set for a much higher open. Japan's Sony (6758.T) reported a lacklustre first quarter, with the entertainment conglomerate posting dour performances in its movie and financial divisions. The main event of the day, however, will be the U.S. inflation data. Key developments that could influence markets on Thursday:Economic events: Inflation data from Norway, Italy, Portugal and the United StatesReporting by Ankur Banerjee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ankur Banerjee, Italy's, Joe Biden, Walt Disney, Japan's, Muralikumar Organizations: REUTERS, Staff, Ankur, Japan's Sony, U.S, CPI, Reserve, United, Thomson Locations: Frankfurt, Germany, U.S, Asia, Pacific, Japan, China, Norway, Italy, Portugal

☆ Analysis: Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year, it’s largely been a different story, with bond yields rising on better-than-expected economic data. The S&P 500 (.SPX) has rallied over 16% from its March lows, despite a roughly 50 basis point increase in the yield on the benchmark 10-year Treasury note over that time. That dynamic has changed in recent days, however, as Treasury yields have approached last year’s high while the S&P 500 has fallen 2% from its July peak. The bank’s analysts called rising yields "an underpriced risk" for the equity market. The S&P 500 fell 2.3% last week, its biggest weekly drop since March.

Persons: Brendan McDermid, it’s, Keith Lerner, Moody's, Peter Tuz, Refinitiv, Lerner, Matthew Miskin, Lewis Krauskopf, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S ., BofA Global Research, Advisory Services, Fitch, Apple, Chase Investment, John Hancock Investment Management, Thomson Locations: New York City, U.S, United States, China, Charlottesville , Virginia, Truist

☆ Horror Stories That’ll Leave You Haunted and Bewitched
▼ + stars: | 2023-08-09 | by ( Chelsea Leu | ) www.nytimes.com time to read: +1 min

But some stories are too detailed, front-loaded clumsily with character back story that drags down their momentum. Perhaps it’s the increasingly unnerving letters the story’s traveling salesman receives, including one delivered by a raven. Perhaps it’s the diarrhea and professional failure that befall the salesman when he ignores said letters. And perhaps it’s that the salesman ends up sweating and cornered by a terror, all because he failed to return a library book. Vivid and twisted, ironic and stirring, the varied stories in the collection are told with verve, even when blameless characters meet gruesome ends.

Persons: sleepovers, Ogundiran’s, factly Organizations: verve

☆ Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Sources have told Reuters the Biden administration is likely to adopt new outbound investment restrictions on China in the coming weeks. Japan, the U.S. and Europe have already restricted the sale of high-tech chipmaking tools to Chinese companies while China has hit back by throttling exports of raw materials. To be sure, investment flows often fluctuate and many firms aren't leaving China completely or aren't leaving at all. "A lot of our clients are worried about their exposure to China as a sole country of supply."

Persons: Carlos Barria, Deng Xiaoping, Logan Wright, Biden, John Ramig, Buchalter, Daniel Seeff, Cardigan, Chi Lo, Lee Smith, Baker Donelson, Samuel Shen, Tom Westbrook, Winni Zhou, Jacqueline Wong Organizations: REUTERS, Corporate, China Markets, China's, Administration of Foreign Exchange, Investors, Reuters, Oxford Economics, Ministry of Commerce, Management, Thomson Locations: Pudong, Shanghai, SHANGHAI, SYDNEY, China, Japan, U.S, Europe, Haining, Peru, Hong Kong, Baker, Singapore

Rescue workers are seen at a scene where, according to media reports, nine people have been stabbed and four others hurt by a car driven by the suspected attacker in Seongnam, South Korea, August 3, 2023. The unexplained rampage came days after another rare stabbing attack in Seoul which killed one person and wounded three others. "I've been telling my families and friends to stay home," a 31-year-old Seoul resident said. Police Commissioner General Yoon Hee-keun on Thursday warned South Koreans to be on guard for such attacks and told officials to be vigilant. Experts said there was a risk similar crimes could follow, and urged authorities to swiftly analyse patterns in recent rampage crimes to come up with countermeasures.

Persons: I've, Lee Young, Choi Jun, Choi, Yoon Suk, Yoon Hee, Kim, Soo, hyang Choi, Ed Davies, Lincoln Organizations: Yonhap, REUTERS, Reuters, Police, South, Kyungnam University, Thomson Locations: Seongnam, South Korea, REUTERS SEONGNAM, Seoul, Minwoo

Aug 4 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The long end of the U.S. Treasury curve is getting crushed, triggering a surge in long-dated yields and 'steepening' of the curve. The Asian economic data and corporate events calendar on Friday is light, with only Philippines inflation and Singapore retail sales on tap, leaving regional markets beholden to global risk sentiment. The 10-year and 30-year yields are at their highest levels since November, comfortably above 4.0%, and the latter is on track for its biggest weekly rise this year. Global currency market and S&P 500 equity volatility are the highest in two months, and implied volatility in dollar/yen trading is registering its steepest weekly rise since March.

Persons: Jamie McGeever, Deepa Babington Organizations: Investors, U.S, Treasury, Apple, Thomson, Reuters Locations: Asia, Singapore, Japan, Philippines

☆ Stream These 10 Movies Before They Leave Netflix in August
▼ + stars: | 2023-08-01 | by ( Jason Bailey | ) www.nytimes.com time to read: +4 min

‘A Knight’s Tale’ (Aug. 31)Another period musical, this one from the writer and director Brian Helgeland (an Oscar winner for co-writing the “L.A. The movie’s writer, director and editor, Oren Peli, cleverly turns his technological shortcomings into bonuses, crafting a found-footage story of things going bump in the night with gooseflesh raising inventiveness. Naomi Watts provides a rooting interest as the cynical reporter investigating the tape’s mysterious origins and the spell it casts. ‘Salt’ (Aug. 31)Angelina Jolie fronted her fair share of action movies, but she never really seemed to find the right vehicle for her particular talents. operative, or both, or something else entirely — Jolie lands on the perfect role for her distinctive blend of butt-kicking athleticism, sensuality and intelligence.

Persons: ’, Brian Helgeland, ”, Ledger, Sossamon, stealer Rufus Sewell —, Tina Fey, Rosalind Wiseman, Fey dramatizes, Cady, Lindsay Lohan, Mark Waters, Lohan, Fey, Ana Gasteyer, Tim Meadows, Amy Poehler, Lizzy Caplan, Rachel McAdams, Amanda Seyfried, Oren Peli, Hideo Nakata’s, Gore, Naomi Watts, Angelina Jolie, Evelyn Salt, Jolie, Phillip Noyce Organizations: Business, Bees Locations: Helgeland, That’s, Russian

REUTERS/Dado Ruvic/IllustrationORLANDO, Florida, July 26 (Reuters) - Remember the U.S. twin deficits? The dollar did fall - around 40% between the dotcom bust and the global financial crisis - and the twin deficits were a factor. Indeed, when the twin deficits really exploded in 2008 as the government and Fed fought to prevent another Great Depression, the dollar actually rose 25%. "Twin deficits are inherently unsustainable – for Treasuries and the dollar - unless there is a shift towards a deflationary environment that stimulates demand for sovereign debt instruments," Costa said. Persistently wide twin deficits will test the appetite to use the dollar as the savings currency of choice for investors and countries around the world.

Persons: Dado Ruvic, Mark Carney, Tavi, Costa, Meera Chandan, Octavia Popescu, Bill, Jamie McGeever, Tomasz Janowski Organizations: REUTERS, Fed, Reuters, Bank of England, Crescat, Treasuries, United, Office, Thomson Locations: ORLANDO , Florida, U.S, Britain, United States, Americas, Washington

☆ Prigozhin's uprising failed, but it triggered China's 'psychology about warlords,' top White House official says
▼ + stars: | 2023-07-21 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

A brief, failed revolt by Russian mercenaries in June raised doubts about Putin's hold on power. It also worried officials in China, which has its own history with "warlords," a US official said. They were unnerved by what happened two weekends ago in Moscow," Campbell said in an interview with The Wire China published on July 16, after several senior US officials visited China. China presented a peace plan in April — shortly after President Xi Jinping visited Moscow — that was widely seen as vague and self-interested. Putin and Xi have been a driving force behind the strengthening of Sino-Russian relations over the past 15 years.

Persons: Yevgeny Prigozhin's, Vladimir Putin's, Putin, Prigozhin, Kurt Campbell, Campbell, Xi Jinping, Wagner, We've, Putin Putin, SERGEI GUNEYEV, Yu Sui, Joseph Torigian, China's, Torigian, Xi, Ryan Haas, PAVEL BYRKIN, Haas, Obama, Mark Galeotti, Galeotti Organizations: Service, Pacific Affairs, White House National Security Council, China, Wagner Group, REUTERS, Kremlin, SPUTNIK, Getty, Chinese Communist Party tabloid Global Times, Communist, Central Propaganda Department, China Center, Contemporary World, American University, Brookings Institution, The New York Times, Getty Images, National Security Locations: Russian, China, Russia, Wall, Silicon, Moscow, Ukraine, —, Rostov, Beijing, lockstep, Getty Images Beijing

The planned recipient of the colorful batik top was Chinese foreign minister Qin Gang, who has not been seen in nearly a month and is set to miss at least one other important meeting, in South Africa, next week. It is not clear whether even then Borrell would meet Qin as initially planned, the official said. The former aide to President Xi Jinping was appointed foreign minister in December after serving less than two years as ambassador to the United States. Qin's absence has also been widely discussed in the diplomatic community, with some saying it is another example of China's lack of transparency. Some diplomats have even started to speculate on who may replace Qin, with three telling Reuters the ranking vice foreign minister, Ma Zhaoxu could be a candidate.

Persons: Qin Gang, Qin, Yun Sun, Mao Ning, Wang Yi, Josep Borrell, Wen, Xi Jinping, Antony Blinken, Ma Zhaoxu, Ma, Wang, Xie Feng, Xie, Laurie Chen, Martin Quin Pollard, Yew, Tian, Kate Lamb, Gabriela Baczynska, Andrew MacAskill, John Geddie, Robert Birsel Organizations: China Program, Stimson, Reuters, EU, Australian National University, Qin, Baidu, London School of Economics, United, Aspen Security Conference, Thomson Locations: BEIJING, JAKARTA, China, Indonesia, Jakarta, South Africa, Washington, Johannesburg, Britain, United States, Beijing, Sri Lankan, United Nations, Brussels, London

☆ Teens are using social media to diagnose themselves with ADHD, autism and more. Parents are alarmed
▼ + stars: | 2023-07-20 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +13 min

But Coleman is one of nearly two dozen parents who told CNN that they are grappling with a different but related issue: teens using social media to diagnose themselves with mental health conditions. Some parents said social media has helped their teens get mental health information they’ve needed and has helped them feel less alone. According to Hamlet, social media companies should tweak algorithms to better detect when users are consuming too much content about a specific topic. Meanwhile, Mary Spadaro Daikos from upstate New York feels mixed about her daughter using social media for reasons related to her autism diagnosis. “She’s doing a lot of self-discovery right now in so many areas, and social media is a big part of that,” she said.

Persons: Erin Coleman, ” Coleman, doesn’t, Coleman, Julie Harper, Larry D, he’s, ”, it’s, Mitnaul, Larry Mitnaul, he's, Patricia Mitnaul “, I’m, that’s, Mislabeling, isn’t, Harper, “, they’ve, Alexandra Hamlet, Jason Lancaster, Liza Crenshaw, ” Crenshaw, Meta, Instagram, TikTok, Linden Taber, “ I’ve, …, Julie Fulcher, influencers, Mary Spadaro Daikos, Amanda Clendenen, Laura Young, she’s, ” Young Organizations: CNN, Social, Adobe Stock Social, US, Well Locations: “, Wichita , Kansas, Kentucky, New York City, Linden, Chattanooga , Tennessee, Raleigh , North Carolina, New York, Austin

☆ Elon Musk's stress-tests: The Tesla CEO has an approach for picking leaders and sussing out anyone 'bullshitting' him, biographer says
▼ + stars: | 2023-07-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson said Elon Musk uses multiple tactics when it comes to selecting leaders. He also likes to use skip-level meetings to chat with workers lower on the corporate ladder, Isaacson said. Elon Musk has a special intuition or "neural network" when it comes to picking leaders at his companies, the billionaire's biographer Walter Isaacson said. The biographer said Musk is likely to use skip-level meetings during big projects or ahead of major company events, like a SpaceX Starship test. Musk and spokespeople for SpaceX and Tesla did not respond to a request for comment.

Persons: Walter Isaacson, Elon Musk, Isaacson, Musk, Zilis —, —, Linda Yaccarino, hasn't, it's, CNBC's, he's, Tesla Organizations: Morning, SpaceX, Twitter, Tesla

Matilde and Angelica navigate unique... Read moreROME, July 17 (Reuters) - Teenage sisters Matilde and Angelica Aureli, who have albinism, face unique challenges in Italy's sweltering temperatures, and must take extra care to protect their fair complexions and delicate eyesight. Albinism is a genetic condition characterised by a lack of the protective pigment melanin in the hair, skin and eyes. Beatrice Gueli, the mother of the Aureli sisters, said her daughters need to have regular skin checks. Italian authorities have issued red alerts for 16 cities, including Rome, with a new heatwave set to begin on July 15. According to the United Nations, 1 in 5,000 people in Sub-Saharan Africa and 1 in 20,000 people in Europe and North America have albinism.

Persons: Matilde, Angelica Aureli, Angelica, Read, Beatrice Gueli, it's, Antonio Denti, Oriana Boselli, Alexandra Hudson Organizations: United Nations, Alexandra Hudson Our, Thomson Locations: Rome, Italy, ROME, Italy's, Sicily, Saharan Africa, Europe, North America

☆ In These Four Story Collections, Feminist Horror Abounds
▼ + stars: | 2023-07-12 | by ( Kate Folk | ) www.nytimes.com time to read: +1 min

“She was horrified by the traces of monstrosity in everyday life,” Agustina Bazterrica writes of a character in her new collection, NINETEEN CLAWS AND A BLACKBIRD: Stories (Scribner, 154 pp., paperback, $17.99), and it could be read as a unifying principle for all 20 stories. Moses’ translation from the Spanish captures the playful gruesomeness of the Argentine writer’s prose. Misogyny and its knock-on effects are an animating force throughout. In “Unamuno’s Boxes,” a woman suspects her cabdriver is a serial killer, tipped off by his perfectly manicured nails. Bazterrica takes big swings throughout, and while not every punch lands, these stories are fresh and unnerving.

Persons: ” Agustina Bazterrica, Scribner, Moses ’, ”, who’s, ” Ada, “, sanguinely Locations: Argentine

☆ The world's most-powerful AI model suddenly got 'lazier' and 'dumber.' A radical redesign of OpenAI's GPT-4 could be behind the decline in performance.
▼ + stars: | 2023-07-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

Lately, the giant AI model has become faster, but performance has declined. The world's most-powerful AI model has become, well, less powerful. It's considered the most-powerful AI model available broadly and is multimodal, which means it can understand images as well as text inputs. They think OpenAI is creating several smaller GPT-4 models that act similarly to the large model but are less expensive to run. This week, several AI experts posted what they claimed were details of GPT-4's architecture on Twitter.

Persons: OpenAI's, Peter Yang, I've, Frazier MacLeod, Christi Kennedy, OpenAI, ChatGPT, It's, Sharon Zhou, Theseus, Zhou, Yam, Semianalysis, George Hotz, Soumith Chintala, Oren Etzioni, Greg Brockman, " Brockman, Lilian Weng Organizations: Morning, Twitter, Roblox, Microsoft, Meta, Allen Institute, AI Locations: GPT

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