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☆ Stanford University Apologizes for Limiting Jewish Student Admissions in the 1950s
▼ + stars: | 2022-10-13 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Stanford University has apologized for limiting the admission of Jewish students in the past. Stanford University apologized for intentionally restricting the admission of Jewish students in the 1950s, a practice the institution admitted it historically denied. The apology, issued Wednesday, cited a report that detailed efforts in the early 1950s to limit the number of Jewish students on campus. Stanford University President Marc Tessier-Lavigne called the practice “appalling antisemitic activity” and listed steps the university plans to take to improve campus life for Jewish students.

☆ Jamaica bans broadcasts deemed to glorify drugs or crime
▼ + stars: | 2022-10-13 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Jamaica’s broadcasting regulator has banned music and TV broadcasts deemed to glorify or promote criminal activity, violence, drug use, scamming and weapons. “Art imitates life, and the music is coming from what is happening in Jamaica for real,” said Stephen McGregor, a Jamaican Grammy Award-winning music producer and singer. The broadcasting commission declined to respond to AP’s request for comment on criticisms, and did not immediately detail the consequences of a violation. Other Jamaican artists such as Rvssian, NotNice, and Romeich have all come out on social media slamming the directive. Rather, McGregor said, it’s a way to scapegoat artists for larger state failures to address endemic problems and discontent.

☆ Stanford University apologizes for limiting Jewish student admissions in the 1950s
▼ + stars: | 2022-10-13 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +4 min

Stanford University apologized Wednesday for limiting Jewish student admissions during the 1950s — a practice that the school long denied had taken place. Stanford had targeted specific high schools known to have significant populations of Jewish students, allowing the school to still "claim that the university did not impose a quota on Jewish students," the report said. It said that despite "decades of denials," a 1953 memo, dubbed the "Glover Memo," clearly reported Snyder's "intentions to act against Jewish students." "However, the report articulates how this effort to suppress Jewish enrollments had long-lasting effects and dissuaded some Jewish students from applying to Stanford in later years. “This is what we want for all members of the Stanford community,” she said, according to the outlet.

☆ Inflation: Is the Fed losing the war?
▼ + stars: | 2022-10-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

“This inflation report today was an unmitigated disaster,” wrote Christopher S. Rupkey, chief economist at Fwdbonds, a financial markets research company. Is the Fed losing the fight against inflation? But the effects of rate hikes can take months to be felt in the real economy. But the Fed is “losing the war” when it comes to price hikes for the services sector. Ultimately, some say the problem of pandemic-era inflation is just too complex to be fixed with the Fed’s blunt tools.

☆ The Fed is losing the war against inflation
▼ + stars: | 2022-10-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

☆ Admission of Ukraine to NATO can lead to third world war - Russian official
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Ukraine's President Volodymyr Zelenskiy attends the NATO summit via video link, as Russia's attack on Ukraine continues, in Kyiv, Ukraine June 29, 2022. Ukrainian Presidential Press Service/Handout via REUTERSOct 13 (Reuters) - The admission of Ukraine to NATO could result in a third world war, the deputy secretary of the Security Council of the Russian Federation, Alexander Venediktov, told the state TASS news agency in an interview on Thursday. "Kyiv is well aware that such a step would mean a guaranteed escalation to a World War Three," TASS cited Venediktov as saying. Venediktov also repeated a Russian position that the West, by helping Ukraine, indicated that "they are a direct party to the conflict". Ukrainian President Volodymyr Zelenskiy announced a surprise bid for fast-track membership of the NATO military alliance at the end of September, after President Vladimir Putin held a ceremony in Moscow to proclaim the four partially occupied regions as annexed Russian land.

☆ Judge Rebuffs DOJ Request to Block Booz Allen Hamilton’s Cybersecurity Deal
▼ + stars: | 2022-10-12 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

A federal judge in Maryland on Tuesday declined to halt Booz Allen Hamilton Holding purchase of a competing cybersecurity firm, turning back the Justice Department’s effort to block the deal on antitrust grounds. Booz Allen in March moved to acquire EverWatch, a company it had been competing against to win a five-year contract to support the National Security Agency’s mission of collecting foreign communications. The Justice Department sued in June, alleging the acquisition would drive up prices for the U.S. government and create a monopoly supplier for a critical national-security service.

☆ Mark Zuckerberg defended the $1,500 price tag for Meta's new VR headset as 'break-even', adding that Apple charges 'as much as it can' for hardware
▼ + stars: | 2022-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg said Apple charges "as much as it can" for hardware in an interview with Stratechery's Ben Thompson. He's said his VR headsets are priced at the break-even point, or even a loss, for Meta. Zuckerberg has been in "deep, philosophical competition" with Apple since he announced his bid for the metaverse last year. "It's typically people build hardware and they try to make a profit off of it, where if you're Apple, you build hardware and you charge as much as you can for it," Zuckerberg said. Zuckerberg said that's Meta's newest VR headset, Quest Pro, is priced at just $1,500.

☆ NASA looks to launch Artemis lunar test flight again on Nov. 14
▼ + stars: | 2022-10-12 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Oct 12 (Reuters) - NASA has targeted Nov. 14 for a third attempt to launch its big, next-generation rocketship, the U.S. space agency said on Wednesday, after weeks of technical setbacks and foul weather delayed the uncrewed inaugural Artemis mission to the moon. Plans call for rolling the 32-story-tall Space Launch System (SLS) rocket and its Orion capsule back out to Launch Pad 39B at NASA's Kennedy Space Center in Cape Canaveral, Florida, as early as Friday, Nov. 4 to renew final flight preparations. The newly targeted 69-minute launch window for the Artemis I mission on Nov. 14 opens at 12:07 a.m. EST (0407 GMT), with backup launch opportunities of two hours each set for Nov. 16 and Nov. 19, NASA said. Artemis I, aimed at launching the Orion capsule on an uncrewed test flight to the moon and back, would mark the debut voyage of both the SLS rocket and Orion a half century after the final lunar mission of Apollo, forerunner of the Artemis program. NASA ultimately plans to establish a long-term lunar base of operations as a stepping stone to even more ambitious human voyages to Mars.

☆ 2 teens charged with murder, to be extradited after Georgia high school football star shot dead
▼ + stars: | 2022-10-11 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Two teenagers have been arrested in South Carolina, charged with murder, and will be extradited in connection with the death of Georgia high school football star Elijah DeWitt, who was found shot in a mall parking lot. DeWitt, 18, was found dead on the ground with gunshot wounds Wednesday evening around 8:15 p.m. in the parking lot of Sugarloaf Mills Mall in Gwinnett County, Georgia, near a Dave & Buster’s arcade, authorities said. The Gwinnett County Police Department announced Friday two teens from Lawrenceville, Georgia, were arrested in South Carolina. They will be extradited from the custody of the Anderson County Sheriff’s Office to Gwinnett County, police said. DeWitt was a senior at Jefferson High School and star wide receiver on the school's football team.

☆ Poliovirus found in Brooklyn and Queens sewage, New York health officials say
▼ + stars: | 2022-10-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Kathy Hochul has extended the state of emergency declared in response to the spread of poliovirus after sewage tested positive in Brooklyn and Queens. The New York State Department of Health, in a statement Tuesday, said the sewage sample that tested positive in Brooklyn and Queens is genetically linked to the virus that paralyzed an unvaccinated adult in Rockland County over the summer. A total of 70 sewage samples have tested positive for poliovirus in the New York City metropolitan area so far, according to New York state health officials. More than 28,000 doses of polio vaccine have been administered since July in Rockland, Orange, Sullivan and Nassau countries, according to state health officials. State, national, and global health authorities believe the poliovirus found in New York originated from a country that still uses the oral polio vaccine.

☆ Explainer: What are the risks to Ukraine's nuclear reactors in war
▼ + stars: | 2022-10-11 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +5 min

What nuclear material is at Europe's largest nuclear power plant, what are the risks and why are Russia and Ukraine fighting over it? The Zaporizhzhia nuclear power plant has six Soviet-designed VVER-1000 V-320 water-cooled and water-moderated reactors containing Uranium 235, which has a half-life of more than 700 million years. The biggest risk is from overheating nuclear fuel, which could happen if the power that drives the cooling systems was cut. Besides the reactors, there is also a dry spent fuel storage facility at the site for used nuclear fuel assemblies, and spent fuel pools at each reactor site that are used to cool down the used nuclear fuel. Special Russian military units guard the facility and Russian nuclear specialists are on site.

☆ Some Meta employees call key metaverse projects 'make Mark happy' as a nod to Mark Zuckerberg's changing priorities, report says
▼ + stars: | 2022-10-10 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Some Meta staff refer to certain metaverse projects as "make Mark happy," the NYT reported. "Make Mark happy" was shortened into the acronym "MMH," two Meta employees told the NYT. Mark Zuckerberg has changed his priorities one year on since rebranding Facebook to Meta, per NYT. Two workers at tech giant Meta, formerly known as Facebook, told The Times that "make Mark happy" was shortened into the acronym "MMH." Some Meta workers have become unhappy about the company changing its strategies on a frequent basis rather than sticking to a plan, employees told The Times.

LONDON, Oct 10 (Reuters) - Britain's government on Monday named an experienced Treasury official as the finance ministry's new top civil servant, after unsettling investors last month by abruptly ousting his predecessor. He replaces Tom Scholar whose departure shortly after Kwasi Kwarteng became finance minister contributed to a drop in confidence among investors since Liz Truss took over as prime minister. The removal of Scholar broke the British convention that non-partisan officials remain in post after a change of political leadership. It came shortly before Kwarteng announced a string of unfunded tax cuts that caused turmoil in financial markets. Bowler's appointment came as a surprise after newspapers last week reported that Truss wanted someone new to the Treasury to take the department's top job.

☆ Stocks sink after JPMorgan Chase CEO Jamie Dimon warns of recession
▼ + stars: | 2022-10-10 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

Stocks weren’t doing much Monday morning but took a nasty – albeit brief – turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon, who warned that the United States is likely to enter a recession within the next six to nine months. “You can’t talk about the economy without talking about stuff in the future…and this is serious stuff,” Dimon said in the CNBC interview. He added that he thinks Europe is in a recession already and that the US is probably next. Shares of JPMorgan Chase (JPM), which is one of the 30 stocks in the Dow, were down nearly 1.5%. JPMorgan Chase (JPM) is one of several big banks that will report earnings on Friday.

☆ A wave of restaurant operators and high-profile chains like Chipotle and Burger King are investing millions in innovation amid a slowdown in food-tech funding. Here are 10 investing in ghost kitchens,
▼ + stars: | 2022-09-29 | by ( Nancy Luna | ) www.businessinsider.com time to read: +10 min

"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.

☆ Russia open to in-person talks with U.S. on nuclear arms treaty
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Sept 29 (Reuters) - Russia said on Thursday it was studying the possibility of a face-to-face meeting between Russian and U.S. negotiators on a landmark nuclear arms control treaty. In a briefing in Moscow, Foreign Ministry spokeswoman Maria Zakharova said Russia was open to reviving inspections under the New START treaty and considering the possibility of in-person meetings of a joint commission of representatives from the United States and Russia. Register now for FREE unlimited access to Reuters.com Register"The topic of resuming them is being considered," Zakharova said on Thursday. The treaty sets limits on the number of nuclear arms each side can have deployed, and outlines the terms for verification and inspection of each other's nuclear arsenals. Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

☆ EU proposes rules making it easier to sue drone makers, AI systems
▼ + stars: | 2022-09-28 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

The AI Liability Directive aims to address the increasing use of AI-enabled products and services and the patchwork of national rules across the 27-country European Union. Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI. Users can sue for compensation when software updates render their smart-home products unsafe or when manufacturers fail to fix cybersecurity gaps. Those with unsafe non-EU products will be able to sue the manufacturer's EU representative for compensation. The AI Liability Directive will need to be agreed with EU countries and EU lawmakers before it can become law.

☆ Home cheat home: How real-estate agents are ripping off homebuyers
▼ + stars: | 2022-09-28 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +20 min

The other day, Linda, the real-estate agent whom my wife and I used to buy our home, called me out of the blue. Real-estate agents, like doctors, are the friendly, knowledgeable face of a bewildering, price-gouging system. If Americans paid the same rate as the British, they would save more than $72 billion a year in real-estate commissions. The potential for big money, in turn, has led more and more Americans to become real-estate agents. Every dollar that is paid out in a real-estate transaction — to sellers, agents, inspectors, insurers, and the IRS — comes from you, the buyer.

☆ A biotech trying to bring back the woolly mammoth just launched its first spinout company. See the 15-slide pitch deck Form Bio used to raise $30 million.
▼ + stars: | 2022-09-27 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +3 min

Colossal Bio, a biotech trying to resurrect the woolly mammoth, just spun out its first company. The new company, Form Bio, sells manufacturing software to life sciences companies. Colossal Bio, a Texas-based biotech trying to bring back the woolly mammoth, announced its first spinout company on Tuesday. Form is the first spinout from Colossal Bio, which plans to commercialize technologies it develops while chasing the audacious task of resurrecting extinct species. Colossal CEO Ben Lamm told Insider that Form won't be the last spinout company from his company.

☆ EU draft rules to make it easier to sue drone makers, AI systems
▼ + stars: | 2022-09-27 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Sept 27 (Reuters) - Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by Reuters. The AI Liability Directive, which the European Commission will announce on Wednesday, aims to address the increasing proliferation of AI-enabled products and services and the patchwork of national rules across the 27-country European Union. Victims can sue for compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology or was discriminated in a recruitment process using AI, the draft rules said. Users with unsafe non-EU products will be able to sue the manufacturer's EU representative for compensation. The AI Liability Directive will need the green light from EU countries and EU lawmakers before it can become law.

☆ Google's India policy head Gulati resigns - sources
▼ + stars: | 2022-09-26 | by ( Aditya Kalra | ) www.reuters.com time to read: +2 min

Gulati, who previously worked at Prime Minister Narendra Modi's federal think-tank, declined to comment. Register now for FREE unlimited access to Reuters.com RegisterGoogle is facing a series of antitrust cases in India and stricter tech-sector regulations. At Google, Gulati led a team of public policy executives who look at various regulatory implications for the company in India, one of its key growth markets. A number of Indian government officials have been hired by Big Tech companies as they face tighter data and privacy regulation, as well as competition law scrutiny, under Modi's federal government. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aditya Kalra in New Delhi Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Biogen to pay $900 million to settle allegations it paid doctors kickbacks to prescribe multiple sclerosis drugs
▼ + stars: | 2022-09-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Biogen will pay $900 million to settle a lawsuit that alleged the company gave doctors kickbacks to encourage them prescribe its drugs, the Justice Department announced on Monday. Bawduniak alleged Biogen paid kickbacks to doctors in the form of speaking fees, consulting fees and meals from 2009 through 2014 to encourage them to prescribe its multiple sclerosis drugs. Biogen will pay more than $843 million to the federal government and $56 million to 15 states to settle the case. "Biogen believes its intent and conduct was at all times lawful and appropriate and Biogen denies all allegations raised in this case," the company said. Biogen disclosed in its second quarter report that it had reached an agreement in principle to pay $900 million to resolve the lawsuit.

☆ NASA's asteroid-deflecting DART spacecraft nears planned impact with its target
▼ + stars: | 2022-09-26 | by ( Steve Gorman | ) www.reuters.com time to read: +5 min

NASA's Double Asteroid Redirection Test (DART) spacecraft prior to impact at the Didymos binary asteroid system showed in this undated illustration handout. NASA/Johns Hopkins/Handout via REUTERSSept 26 (Reuters) - Ten months after launch, NASA's asteroid-deflecting DART spacecraft neared a planned impact with its target on Monday in a test of the world's first planetary defense system, designed to prevent a doomsday collision with Earth. Neither object presents any actual threat to Earth, and NASA scientists said their DART test cannot create a new existential hazard by mistake. Also, their relative proximity to Earth and dual-asteroid configuration make them ideal for the first proof-of-concept mission of DART, short for Double Asteroid Redirection Test. ROBOTIC SUICIDE MISSIONThe mission represents a rare instance in which a NASA spacecraft must ultimately crash to succeed.

☆ The UK’s ‘Trussonomics’ crashes the pound and leaves investors shaking their heads
▼ + stars: | 2022-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Here’s the deal: The British pound tumbled to a record low against the US dollar on Monday as investors around the world dumped UK assets. For the first time in history, the pound is on track to hit parity with the dollar before the end of the year. Part of the pressure on the pound comes from the strong dollar, which has gotten a boost from the Federal Reserve’s interest rate hikes. But the pound is also falling against the euro, signaling broader concerns about the UK’s financial health. “This is a painful reminder that economic policy is not a game,” said Torsten Bell, chief executive of the Resolution Foundation, a think tank that focuses on boosting living standards for low- to middle-income households.

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