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☆ The biggest perk of gig work might also be its downfall
▼ + stars: | 2024-03-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Many gig drivers lured by the flexibility of gig work say the flexibility of their job is often limited. AdvertisementMany drivers for Uber, Lyft, and other rideshare and delivery apps say they value the flexibility of gig work over any other component. AdvertisementMany part-time drivers have previously told BI they value gig driving for the ease with which they could supplement their core income. Some drivers told her they would work 16-hour overnight shifts on weekends to find higher-paying, better-tipped rides. "Uber and its peers appeal to workers with oodles of promises that workers can hold the power to control their work hours.

Persons: —, Uber, Sergio Avedian, Guy, Avedian, Lyft, Uber hasn't, Lindsey Cameron, Cameron, you've, Laura Katsnelson, Felix Oberholzer, Gee, Katsnelson, Katie Wells, Wells Organizations: Uber, Service, Business, Wharton School, Unit, Harvard Business School, Workers, Georgetown University Locations: Jacksonville , Florida, Los Angeles

OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company's turmoil. After months of investigation, it found that Altman's ouster was a “consequence of a breakdown in the relationship and loss of trust” between him and the prior board, OpenAI said in a summary of the findings Friday. The investigation found the prior board acted within its discretion. “The review concluded there was a significant breakdown in trust between the prior board, and Sam and Greg,” Bret Taylor, the board’s chair, told reporters Friday. After it retained the law firm in December, OpenAI said WilmerHale conducted dozens of interviews with the company’s prior board, current executives, advisers and other witnesses.

Persons: Sam Altman, Altman, OpenAI, Sue Desmond, Hellman, Melinda Gates, Nicole Seligman, Fidji Simo, “ I’m, ” Altman, he’s, ”, Helen Toner, Tasha McCauley, “, Greg Brockman, ” OpenAI, Brockman, Greg, ” Bret Taylor, Taylor, Microsoft —, Toner, McCauley, Ilya Sutskever, Sutskever, Ilya, Elon Musk, Larry Summers, Adam D’Angelo, WilmerHale, WilmerHale didn't, Musk, ” Taylor Organizations: Sony, San, OpenAI, Microsoft, Georgetown University, RAND Corporation, Facebook, Elon, U.S ., Associated Press Locations: San Francisco, U.S

☆ Biden says he'll ban TikTok if Congress passes bill, but he's campaigning on it until then
▼ + stars: | 2024-03-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.

Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, —, Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza

☆ College AI degree programs are booming. Are they worth the cost?
▼ + stars: | 2024-03-02 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

Computer science is not a new major at top schools, but with AI jobs in high-demand, there's a growing list of colleges and universities offering a four-year "AI" degree specifically. These programs generally move beyond the foundations of computer science to home in on topics such as machine learning, computing algorithms, data analytics and advanced robotics. Purdue University offers an AI undergraduate major, while many colleges and universities offer AI classes within their computer science department, even if there's not a dedicated major. The rise of AI-specific degree programs comes as companies are short on talent for this fast-developing field. According to the Georgetown University Center for Security and Emerging Technology, AI degrees have bucked the general trend in education since 2011, with positive degree conferral growth versus negative growth across all degree areas.

Persons: Carnegie Mellon, there's, Kerem Koca, Maria Flynn, Jobs, master's Organizations: University of Pennsylvania, Artificial Intelligence, Carnegie, Purdue University, Georgetown University Center for Security, Emerging Technology

☆ Israel's army has shown a 'pattern of systematic killing' of Palestinians, professor says
▼ + stars: | 2024-03-01 | 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 EmailIsrael's army has shown a 'pattern of systematic killing' of Palestinians, professor saysMehran Kamrava, professor of government at Georgetown University Qatar, discusses the Israel-Hamas war and Iran's parliamentary elections.

Persons: Mehran Kamrava Organizations: Georgetown University Qatar Locations: Israel

Capital One plans to acquire Discover in an all-stock deal valued at $35.3 billion, pending approval. On Monday, Capital One Financial announced its plans to buy Discover Financial Services. Here's what you need to know about the deal and what it could mean for current Capital One and Discover customers. Capital One credit cards are part of the Visa and Mastercard credit card networks. The Wall Street Journal reports that Capital One is planning to switch some of its credit cards to the Discover network.

Persons: —, Simon Blanchard, Alvin Carlos Organizations: Discover, Service, Financial, Discover Financial Services, Capital, Visa, Mastercard, Georgetown University's McDonough School of Business, Street Journal, CFA, CFP, District Capital Management

WASHINGTON (AP) — U.S. lawmakers are raising alarms about what they see as America’s failure to compete with China in biotechnology, warning of the risks to U.S. national security and commercial interests. Bills have been introduced in the House and Senate to bar “foreign adversary biotech companies of concern” from doing business with federally funded medical providers. Photos You Should See View All 33 ImagesCritics of the legislation warn that restrictions on Chinese companies would impede advances that could bring a greater good. “It’s not just a supply chain battle or a national security battle or an economic security battle; I would submit it’s a moral and ethical battle,” Gallagher said. He said any restrictive U.S. measures should be tailored to address military concerns and concerns about genomic data security.

Persons: walling, ”, Abigail Coplin, Rachel King, Mike Gallagher, Gallagher, “ It’s, ” Gallagher, “ we’re, Biden, Tom Bollyky, Bollyky, Ray Yip, Yip, “, Anna Puglisi, Puglisi, ” Puglisi, BGI, WuXi AppTec, Dake Kang Organizations: WASHINGTON, — U.S, Biotechnology, Bills, Embassy, Biden, Vassar College, Biotechnology Innovation Organization, National Security Commission, Emerging Biotechnology, U.S . Senate, Chinese Communist Party, Wisconsin Republican, “, Bloomberg, Council, Foreign Relations, U.S . Centers for Disease Control, Georgetown University’s Center for Security, Emerging, The Defense Department, Commerce Department, Associated Press Locations: China, U.S, ”, South China, Wisconsin, Boston, United States, WuXi, Beijing

☆ Why Alexey Navalny's death is unlikely to change Congress' Ukraine aid quagmire
▼ + stars: | 2024-02-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewLeaders in both parties vowed that Russian President Vladimir Putin must pay for the death of famed opposition leader Alexey Navalny. It's unclear though how their tributes will translate into tangible action, especially on Congress' long-delayed push to send more aid for Ukraine's defense. House Speaker Mike Johnson said in a statement that international leaders "must be clear that Putin will be met with united opposition." While it's true that the foreign aid bill could garner 218 votes, getting the bill on the floor is another matter entirely. Ukraine aid still hasn't passed.

Persons: —, Vladimir Putin, Alexey Navalny, Mike Johnson, Putin, Johnson, Donald Trump, Marjorie Taylor Greene, Kevin McCarthy, hasn't, McCarthy, Matt Gaetz, Trump, Matt Glassman, Glassman, It's, there's, Volodymyr Zelensky, Schumer, Churchill Organizations: Service, Business, Georgia Republican, Ukraine, GOP, California Republican, Florida Republican, Georgetown University's Government Affairs Institute, Republicans, Trump, Republican Locations: Ukraine, United States, Baltic, Georgia, California, Florida, Mexico, Mexican

☆ Dysfunctional Week Exposes the Fissures, Fractures and Fault Lines Across the GOP
▼ + stars: | 2024-02-09 | by ( Lauren Camera | ) www.usnews.com time to read: +8 min

“The Republican Party is not really a conservative party anymore – it’s a populist party,” he says. “What are the incentives for conservatives to take these positions?” asks Joshua Huder, senior fellow at Georgetown University’s McCourt School of Public Policy. “This Republican Party is spiraling out of control. Last week, the RNC reported its lowest fundraising totals in 10 years, entering 2024 with just $8 million in cash on hand. Prosecutors are seeking $370 million – a loss that has the potential to ruin him financially ahead of the November election.

Persons: Donald Trump, “, Trump, ”, David Barker, –, Mike Johnson, Alejandro Mayorkas, Johnson couldn’t, Joshua Huder, Georgetown University’s, Johnson, Sen, Chris Murphy, it's Donald Trump –, who’s, Mitch McConnell’s, – Sen, Ted Cruz, Mike Lee of Utah, Ron Johnson of, Mitch ” trended, intraparty, Mitch McConnell, ” Huder, I’m, Ronna McDaniel, isn’t, Joe Biden Organizations: Republican National Committee, Republican, Republican Party, American University, Center, Congressional, Presidential, Republicans, Homeland, Israel, Georgetown, Georgetown University’s McCourt School of Public, Senate, Connecticut Democrat, RNC, South Carolina, U.S ., Trump, Capitol, Prosecutors Locations: Connecticut, Ted Cruz of Texas, Ron Johnson of Wisconsin, underperformed, Washington, Manhattan

☆ It's impossible to come up with win-win scenario for Hamas and Israel: Professor
▼ + stars: | 2024-02-08 | 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 EmailIt's impossible to come up with win-win scenario for Hamas and Israel: ProfessorMehran Kamrava, professor of government at the Georgetown University in Qatar, says Israeli Prime Minister Benjamin Netanyahu "does not want the war to end because … there would be [a] domestic political reckoning for him."

Persons: Mehran Kamrava, Benjamin Netanyahu Organizations: Georgetown University Locations: Israel, Qatar

☆ Stanley Tumblers Contain Lead. Owala, Hydro Flask Pounce.
▼ + stars: | 2024-02-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Read previewThe news that Stanley's insulated stainless steel cups contain lead sparked a frenzy of concern on social media about the potential health risks for consumers. Stanley acknowledged in a statement that it uses "an industry standard pellet" that contains "some lead" to seal the vacuum insulation of its tumblers. We want to assure you that Hydro Flask does not use lead in our vacuum sealing process," HydroFlask said in a post on Threads earlier this week. Marketing experts told Business Insider this is a smart strategic move for companies seeking to differentiate themselves from Stanley and win over customers. And lead is still bad for manufacturing workers and the environment — it's just not a significant health risk for Stanley customers.

Persons: —, Stanley, hasn't, Jack Caravanos, HydroFlask, Anita Rao, Rao, Bruce Clark, They're, isn't, nibble Organizations: Service, Business, New York, Washington Post, Hydro, Georgetown University, Northeastern University, NBC Locations: New York University, Oregon

Pandemic school closures upended U.S. education. Many students lost significant ground, and the federal government invested billions to help them recover. Students Are Making a ‘Surprising’ Rebound From Pandemic Closures. The students most at risk are those in poor districts, whose test scores fell further during the pandemic. The analysis did not include Asian students, who represent 5 percent of public school students.

Persons: —, ”, Sean F, Reardon, Thomas J, Kane, Erin Fahle, Douglas O, “, Karyn Lewis, Ann Owens, Charlene Williams, Raymond Hart, Mark Sullivan, Bob Miller, Alberto M, Carvalho, ’ ”, Betsi Foster, Sullivan, Pascal Mubenga, Maria Ceja, Maria Ceja’s, Rosalina Rivera, Adam Perez, Margaret, George W, Bush, “ We’re, Eric Hanushek, Marguerite Roza Organizations: Stanford, Harvard, Educational, Dartmouth, “, Opportunity, Stanford University, Center for Education Policy Research, Harvard University, University of Southern, Schools, Oregon Department of Education, N.J ., N.J . Utah Pa, Ill, U.S, of, Great City Schools, The New York Times, Birmingham, Delano Union, Hoover Institution, Georgetown University — Locations: United States, Durham, N.C, Birmingham, Ala, Delano, Calif, University of Southern California, Massachusetts, Kentucky, Tennessee, Oregon, Wis, N.J, N.J . Utah, S.D . Ind . Ohio Va . Conn, Mississippi, Tenn, Miss, Kan, R.I . Ky, Mich, . Ark . Oregon, ., Forsyth, Atlanta, Rochester, Detroit, Lake Oswego, Ore, Portland, Chicago, Nashville, Philadelphia, Los Angeles, California, Weakley County, Nevada

☆ Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider. A 'pretty brazen' plotGarten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast. So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it."

Persons: —, Barbara Jones, Donald Trump's, Arthur Engoron, Jones, Trump's, Trump, Donald J, Alan Garten, Garten, Judge Jones, Martin Lobel, Mother Jones, Adam Levitin, didn't, Jordan Organizations: Service, Daily, Business, Manhattan, Trump Organization, Chicago, Government, New York Times, Georgetown University, Citizens Locations: York, Washington

☆ In many ways, Gen Zers are better off than their parents were 30 years ago, but fewer are financially independent — here's why
▼ + stars: | 2024-01-27 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

However, Gen Z adults are also less likely to own a home, be married or have children. Pew surveyed about 1,500 adults between the ages of 18 and 34 and more than 3,000 parents of adult children. Gen Z is generally defined as those born between 1996 and 2012, including a cohort of teens and tweens. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago. Meanwhile, as living with mom and dad has become more common for young adults — it's also more socially acceptable, according to Parker.

Persons: Gen, Pew, Zers, Kim Parker, they've, Nicole Smith, that's, Janet Yellen, — it's, Parker Organizations: Pew Research Center . Pew, Georgetown University Center, Education, Workforce, CNBC, Treasury, Pew Research Center

☆ In Gaza, disease could be even deadlier than airstrikes, WHO says
▼ + stars: | 2023-12-04 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

CNN —As the Israel-Hamas conflict continues, there’s growing concern about how the situation may raise the risk of disease and illness in Gaza. There could be more deaths in Gaza from disease and a broken health infrastructure than from bombs and missiles, the World Health Organization has warned. “If the conflict impacts access to safe water, then there may be challenges with waterborne diseases,” she said. In this situation, the risk of death due to disease is much greater than the risk of death due to bombardment,” said Haque, who is not involved in WHO but has studied infectious disease, conflict and war. During the Israel-Hamas conflict, maternity care facilities have been affected by Israeli airstrikes due to evacuations, power outages, and a shortage of medical supplies.

Persons: “, Margaret Harris, Barry Levy, ”, Levy, Rebecca Katz, ” Katz, Tedros Adhanom Ghebreyesus, ” Tedros, Abed Rahim Khatib, Ubydul Haque, Haque, Dr, Sanjay Gupta, Shifa, CNN’s Martin Goillandeau, Eleni Giokos Organizations: CNN, World Health Organization, WHO, Tufts University School of Medicine, Center for Global Health Science, Security, Georgetown University, United Nations Relief, Works Agency for Palestinian Refugees, United Nations Office, Humanitarian Affairs, Getty, Rutgers Global Health Institute, CNN Health, Shifa Locations: Israel, Gaza, Covid, Al

Spokespeople for the banks declined to provide comment ahead of the hearing or did not respond to requests for comment. Kevin Fromer, president of the Financial Services Forum, which represents the CEOs, said he expected Basel to be a focus. Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs. Former Wells Fargo CEO Tim Sloan, meanwhile, resigned in March 2019 after stumbling during a hearing about the bank's regulatory woes. But after years of playing defense, the CEOs are expected to be more assertive, this time backed by Republicans critical of red tape.

Persons: Andy Cecere, William Demchak, Jamie Dimon, Jane Fraser ,, Brian Moynihan, William Rogers, Wells, Bank of America's Brian Moynihan, Citi's Jane Fraser, Wells Fargo's Charles Scharf, Goldman Sachs, David Solomon, Morgan Stanley's James Gorman, Ronald O'Hanley, BNY Mellon's Robin Vince, Sherrod Brown, Brown, Kevin Fromer, Dimon, Elizabeth Warren, Tim Sloan, meanwhile, Tim Scott, Pete Schroeder, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: U.S . Bancorp, PNC Financial Services Group, JPMorgan Chase, Co, Citigroup, Jane Fraser , Bank of America, Truist Financial, JPMorgan, Bank of America, Bank of America's, Democratic, Silicon Valley Bank, Financial Services, Big, Former Wells, Republicans, Thomson Locations: WASHINGTON, Wells Fargo, Silicon, Basel, New York

☆ We now have more details on what the heck happened at OpenAI
▼ + stars: | 2023-12-01 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

A new report described in more detail why the OpenAI board initially pushed out Sam Altman. Altman reportedly tried to get a board member, Helen Toner, kicked out, but it backfired. The report cited an unnamed source who said Altman tried to play board members against each other. Here's what the outlet wrote in part (emphasis added):Some members of the OpenAI board had found Altman an unnervingly slippery operator. Read here: The Inside Story of Microsoft's Partnership With OpenAI (The New Yorker)

Persons: Sam Altman, Altman, Helen Toner, —, Sam Altman —, Kevin Scott, Mira Murati, he'd, OpenAI, Toner Organizations: Service, Yorker, Microsoft, New York Times, Center for Security, Emerging Technology, Georgetown University, Microsoft's Locations: Turkey, New, Yorker

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ How Qatar swayed Israel and Hamas to make a truce work
▼ + stars: | 2023-11-30 | by ( Andrew Mills | ) www.reuters.com time to read: +10 min

It was necessary to clarify all the points in the agreement and make sure they meant the same thing to Israel and Hamas, a source briefed on the negotiations said. Qatar's foreign ministry told reporters that Hamas and Israel negotiated in Doha until "the early morning" of Nov. 23 and agreed on a plan to implement the truce deal the next day. Qatari negotiators shepherded Israel and Hamas to agree on exactly where in Gaza Israeli tanks would be stationed during the truce. Israel vets all financial transfers Qatar makes to Palestinians in Gaza, Qatari sources have said. Despite proximity to Hamas officials, Qatari negotiators did not speak directly to the group's leaders in Gaza, but through its representatives based in Doha.

Persons: Qatar’s, Abdullah Al Sulaiti, Imad Creidi, Qatar's, Sheikh Mohammed bin Abdulrahman Al Thani, Sheikh Mohammed, David Barnea, Israel, Benjamin Netanyahu, Netanyahu, shepherded Israel, Al Shifa, Emir Sheikh Tamim bin Hamad Al Thani, Joe Biden, Sheikh Tamim, Mehran Kamrava, We've, Al Sulaiti, I've, Ahmed Mohamed Hassan, Matt S, Dan Williams, David Gauthier, Frank Jack Daniel Organizations: Hamas, National Command Centre, REUTERS, Rights DOHA, Qatari, Qatar's Ministry of Foreign Affairs, U.S . Department of State, U.S, Gaza, Bild, Palestinian, Georgetown University, Thomson Locations: Israel, Palestinian, Doha, Qatar, Palestinian Territories, Egypt, Gaza, Moscow, London, Hamas, U.S, Russia, Gulf, Berlin, Syria, Qatari, Cairo, Washington, Jerusalem

☆ A former OpenAI board member says Sam Altman's firing wasn't 'motivated by a desire to slow down OpenAI's work'
▼ + stars: | 2023-11-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Former OpenAI board member Helen Toner has announced her resignation. Toner said that the board wasn't trying to slow down OpenAI's work by firing CEO Sam Altman. AdvertisementFormer OpenAI board member Helen Toner says the board wasn't trying to stifle the company's progress by removing CEO Sam Altman. Though there has been speculation, we were not motivated by a desire to slow down OpenAI’s work. AdvertisementAside from bringing back Altman, OpenAI welcomed a new initial board comprising Bret Taylor, Larry Summers, and Adam D'Angelo.

Persons: Helen Toner, Toner, Sam Altman, Altman, —, wasn't, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Taylor, Tasha McCauley, Ilya Sutskever . Organizations: Service, Georgetown University's Center for Security, Emerging Technology, Microsoft, Business Insider Locations: OpenAI's

☆ With tipping, wages are 'shifted onto the customer'—here's why we do that in the U.S.
▼ + stars: | 2023-11-30 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

While many industries have adopted the practice, tipping is most entrenched in the restaurant industry, where workers rely on gratuities to make up much of their wages. Here's how tipping came to America in the first place, and how it became institutionalized in food services, specifically. But the company that "really institutionalized" tipping, Zagor says, was the Pullman Company, which built and operated railroad cars. But when restaurants were added in 1966, they weren't covered under the typical minimum wage as other industries ultimately were. 'The whole thing is shifted onto the customer'These days, tipping is deeply embedded in the restaurant industry.

Persons: Kerry Segrave's, Stephen Zagor, Zagor, Franklin D, Roosevelt, what's, Harry Holzer, Jena Ellenwood Organizations: Columbia Business School, Employers, Pullman Company, Pullman, Library of Congress, Workers, Companies, Labor, Georgetown University, Brookings Locations: America, Europe, U.S

The U.S. Federal Deposit Insurance Corporation reported bank profits at $68.4 billion in the most recent quarter, down 3.4% from the prior quarter. Year over year, bank profits were down 4.6%, due in large part to banks setting aside more funds in provision expenses for potential loan losses, which were up 33.2% in the last four quarters. Noninterest income was down $4.1 billion, or 5.2%, in the third quarter, while realized losses climbed $3 billion, the FDIC said. "The banking industry continued to show resilience in the third quarter," said FDIC Chairman Martin Gruenberg in a prepared statement. Gruenberg, who typically holds a press conference following the release of the quarterly report on bank profits, was not made available to reporters Wednesday.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Sen, Joni Ernst, Pete Schroeder, Chizu Organizations: Federal Deposit Insurance Corp, REUTERS, Rights, U.S, Federal Deposit Insurance Corporation, FDIC, Republicans, Republican, Thomson Locations: Washington, Iowa

People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.

Persons: ”, Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, “, ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, —, ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, ”, India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ From construction workers to electricians, these are the infrastructure jobs set to boom in the next few years
▼ + stars: | 2023-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Insider looked at employment projections for work related to construction and infrastructure. Both white-collar and blue-collar jobs are poised to boom, with demand for construction laborers and truck drivers, as well as business services. President Joe Biden is also behind the need for more infrastructure construction. Construction and infrastructure jobs are growingConstruction laborers are projected to see employment growth of 61,900 from 2022 to 2032. This job typically requires a postsecondary nondegree award for entry and long-term on-the-job training for competency.

Persons: —, Hannah Jones, Joe Biden, Kit Dickinson, Ed Brady, remodelers, Carpenter, Dickinson, Nela Richardson, Brady, Organizations: Service, Law, Georgetown University Center, Education, Workforce, Bureau of Labor Statistics, Home Builders Institute, National Association of Home Builders, BLS

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