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☆ Rape at sea: How a broken system is failing passengers and darkening the cruise industry
▼ + stars: | 2023-11-24 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +12 min

Cruise ship companies are failing sexual assault victims, lawsuits seen by Business Insider show. Carnival told the Washington Post last year that the alleged assailant was fired from the cruise line but that he was never charged. "The truth is, cruise companies don't know much about the employees they hire," he told BI. "I don't know how they sleep at night, I really don't"Jamie Barnett, from the organization International Cruise Victims (ICV), told BI that the behavior of cruise companies makes victims feel "lost and very isolated." Cruise companies, she said, "will fight tooth and nail before they would roll over and not do what they needed to do, to keep the public from knowing."

Persons: —, Ryan, Patrick Connolly, Ross Klein, They'll, they'll, Klein, they've, Justin Sullivan, Jane Doe, Jim Walker, Walker, Jamie Barnett, Barnett, Democratic Sen, Richard Blumenthal Organizations: Business, Service, MSC, MSC Cruises, MSC Meraviglia, Orlando Sentinel, Tribune, Getty, BI, US Department of Transportation, Disney Cruise Line, Disney Cruise, Memorial University of Newfoundland, Cruise, Federal Bureau of Investigations, Vessel Security, Safety, FBI, Princess Cruises, BuzzFeed, Carnival, Washington Post, International Cruise, Democratic Locations: Port Canaveral, Port of Oakland, California, Caribbean, Miami, Key West , Florida

☆ Mining Industry Seeks to Define One Global Standard for Ethical Practices
▼ + stars: | 2023-11-23 | by ( Yusuf Khan | ) www.wsj.com time to read: +6 min

Customers and investors are increasingly considering mining companies’ ESG performance. Photo: douglas magno/Agence France-Presse/Getty ImagesMining giant Anglo American is one of the companies that have been involved in developing the new mining standard. Anglo American itself commits to at least nine different mining standards and is part of 17 industry associations, which all have their own requirements. The LME has been consulted on the development of the new mining standard. For now, work continues on the new mining standard, with the four associations still discussing what it should look like and how it would be governed.

Persons: Cynthia Matonhodze, ”, “, Tracey Kerr, douglas magno, Rebecca Campbell, ” Campbell, Campbell, Paul Hackett, Georgina Hallett, Yusuf Khan Organizations: Bloomberg, International Council, Mining, Metals, Gold Council, Mining Association of Canada, Miners, Business, Global Investor Commission, ING, Jubilee Metals Group, Hochschild, ” Mining, Agence France, Getty, White, London Metal Exchange, REUTERS Locations: Umguza, Zimbabwe, Dutch, Brazil, London, Brumadinho, American, ”

Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. Foxx's representatives did not immediately respond to a request for comment on the lawsuit, which seeks unspecified damages. The actor is best known for his Academy Award-winning portrayal of singer Ray Charles in the 2004 film "Ray." Music industry veteran Jimmy Iovine was likewise sued on Wednesday by an woman claiming he sexually abused her. In the Iovine complaint filed in New York state court in Manhattan, a woman identified only as "Jane Doe" said she was sexually abused, forcibly touched and subject to sexual harassment and retaliation in August 2007.

Persons: Jamie Foxx, Jane Doe, Foxx, Ray Charles, Ray, Jimmy Iovine, Iovine, Douglas Wigdor, Dr, Dre, Russell Brand, Bill Cosby, Harvey Weinstein, Donald Trump, Sean, Diddy, Combs, Axl Rose, Sheila Kennedy, Dawn Chmielewski, Steve Gorman, Daniel Wallis, Dan Whitcomb, Robert Birsel Organizations: Interscope Records, West Coast, Universal Music, Beats Electronics, Apple, Thomson Locations: New York City, Manhattan, New York, West, Los Angeles

☆ Gold gains as weaker U.S. dollar, yields lift demand
▼ + stars: | 2023-11-23 | by ( ) www.cnbc.com time to read: +2 min

A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. arranged in Budapest, HungaryGold prices rose on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker U.S. dollar and lower Treasury yields buoyed demand for bullion. The dollar was down 0.1% against its rivals after gains in the last two sessions, making gold less expensive for other currency holders. The benchmark U.S. 10-year Treasury yields fell to a two-month low on Wednesday. Lower interest rates decrease the opportunity cost of holding gold.

Persons: Kelvin Wong, CME's Organizations: Heraeus SA, Solar, U.S, U.S ., Asia Pacific, . U.S, U.S . Federal Reserve, Fed Locations: Budapest, Hungary, ., OANDA

The suit says she and a friend were seated at a table next to Foxx's at Catch NYC in 2015. The woman's asked Foxx for a photo, and the two women took several pictures with him, the suit says. It says that afterward, he began complimenting her “super model body” and told her she looked like the actor Gabrielle Union. Political Cartoons View All 1265 ImagesA statement in response released Thursday from a representative for the 55-year-old Foxx said the alleged incident never happened. The Associated Press does not typically name people who say they have been sexually abused unless they come forward publicly.

Persons: —, Jamie Foxx, “, Jane Doe, Foxx, Gabrielle Union Organizations: Associated Press Locations: New York, Manhattan, Brooklyn

☆ Gold ticks higher as weaker US dollar, yields lend support
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 23 (Reuters) - Gold prices edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS* Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * Lower interest rates decrease the opportunity cost of holding gold. DATA/EVENTS (GMT) 0745 France Business Climate Mfg, Overall Nov0815 France HCOB Mfg, Serv, Comp Flash PMIs Nov0830 Germany HCOB Mfg, Serv, Comp Flash PMIs Nov0900 EU HCOB Mfg, Serv, Comp Flash PMIs Nov0930 UK Flash Comp, Mfg, Serv PMIs NovReporting by Brijesh Patel in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, CME's, Serv, Brijesh Patel, Rashmi Organizations: REUTERS, Treasury, . Federal Reserve, Trust, Climate Mfg, France HCOB, Germany HCOB, Mfg, Thomson Locations: Mendrisio, Switzerland, France, Germany, Bengaluru

☆ Where Can You Go to Grad School Without Going to Grad School?
▼ + stars: | 2023-11-23 | by ( Cat Zhang | ) www.nytimes.com time to read: +1 min

On an evening in October, Mr. Begue joined 17 other students around a long wooden table at BISR’s white-brick office space in the Brooklyn neighborhood of Dumbo. The group read texts like “Woodcutters” and “Heldenplatz,” while snacking on corn chips and sipping boxed wine. “At our core is the conviction that the idea that people are anti-intellectual is false,” Ajay Singh Chaudhary, the institute’s executive director, said. Mr. Chaudhary, then a graduate student at Columbia University, had dreamed of an alternative to traditional academia while preparing to teach Columbia’s Core curriculum. I always wish I got a chance to study, you know, Aristotle or Plato,’” Mr. Chaudhary said.

Persons: Begue, “, Lauren K, Wolfe, ” Ajay Singh Chaudhary, ”, Chaudhary, Aristotle, Plato, ’, Mr Organizations: Mr, Brooklyn Institute, Columbia University Locations: Brooklyn, Boerum, “

☆ Brazil vs. Argentina: Historic World Cup qualifier is overshadowed by violence and chaos at the Maracanã stadium
▼ + stars: | 2023-11-22 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Brazil suffered its first ever home World Cup qualifying defeat on Tuesday, as Argentina earned a 1-0 win on a night of violence and chaos at the iconic Maracanã stadium. However, the match was overshadowed by violence in the stands which delayed the start of the World Cup qualifier. The Inter Miami forward first led his teammates over to the stand where the fighting was taking place and pleaded with both the police and Argentina fans – some of who were seen throwing ripped out seats at the security officials – for calm. “The truth is that this group continues to achieve historic things, once again,” Messi told reporters after the match, per Reuters. Wagner Meier/Getty ImagesThere are 18 rounds in South America’s World Cup qualifying system, with the top six teams progressing to the 2026 event while the seventh-placed country will go into the FIFA play-off tournament, which will involve six countries from other continents.

Persons: Nicolas Otamendi’s, Lionel Messi, –, Aston, Emi Martinez, Ricardo Moraes, Messi, “, ”, ” Messi, Lionel Scaloni, ” Scaolini, “ It’s, Fernando Diniz, Wagner Meier, CNN’s Duarte Mendonça Organizations: CNN, The Inter Miami, Aston Villa, Brazilian Football Confederation, FIFA –, CONMEBOL, CBF, RJ Military Police, Argentine, didn’t, Reuters, Argentina, Fluminense, Copa Libertadores, FIFA Locations: Argentina, Brazil

☆ Morning Bid: AI buzzes but market shrugs at Nvidia beat
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. Remarkably, Nvidia managed to vault the sky-high bar for quarterly earnings, revenue and projections yet again in its latest update overnight. Bond volatility (.MOVE) has also fallen to two-month lows, while currency market 'vol' (.DBCVIX) is plumbing 20-month lows. CONCERN OVER HOME SALES, HOLIDAY SEASON SALESNews of a drop in U.S. existing home sales last month to a 13-year low was perhaps as important as the Fed minutes - as was warnings from more major U.S. retailers, this time Best Buy and Nordstrom, about sticky holiday season sales and the need for discounting. The dollar (.DXY) was a touch higher on Wednesday, meantime, with most overseas stock markets firmer too.

Persons: Lucas Jackson, Mike Dolan, thrall, OpenAI, Sam Altman, Changpeng Zhao, October's, Jeremy Hunt's, underperformed, Jeremy Hunt, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, U.S, Nvidia, Federal, Nordstrom, University of Michigan, Bank of Canada, Treasury, Deere, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Gaza, China, yearend, York, Beijing

☆ Gold drops below $2,000 as dollar gains, US yields pare losses
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell below the key $2,000 per ounce level on Wednesday as the U.S. dollar rebounded from lows and Treasury yields pared losses, while expectations that the Federal Reserve will pause rate hikes limited the slide in bullion. Lower interest rates typically boost gold prices as they reduce the opportunity cost of holding non-yielding assets. "The increase in the markets expectations for Fed cutting cycle to commence earlier in 2024 has been the prime force driving gold prices higher over the last week," said Daniel Ghali, commodity strategist at TD Securities. Fed officials agreed at their last policy meeting that they would proceed "carefully" and only raise interest rates if progress in controlling inflation faltered, minutes of the Oct. 31-Nov. 1 gathering showed. In other metals, spot silver fell 0.4% to $23.66 per ounce.

Persons: Jim Wyckoff, Daniel Ghali Organizations: Novosibirsk Refining Plant, U.S, Federal, Kitco Metals, Treasury, Reserve, TD Securities, Fed Locations: Novosibirsk, Russia, U.S

North Korea said it placed its first spy satellite in orbit on Tuesday. South Korea's military said North Korea's military reconnaissance satellite was believed to have entered orbit, but it would take time to assess whether it was operating normally. Critics have said the pact weakened South Korea's ability to monitor the North's near the border while North Korea had violated the agreement. South Korea said it was suspending a clause in the agreement and resuming aerial surveillance near the border. North Korea had notified Japan of a satellite launch after two failed attempts to put what it called spy satellites into orbit this year.

Persons: Kim, Kim Jong Un, KCNA, Adrienne Watson, Jonathan McDowell, Shin Won, sik, Kim Jong, Shin, Yoon Suk Yeol, Yoon, Moon Jae, Critics, Carl Vinson, U.N, Antonio Guterres, Vladimir Putin, Hong Min, Hyunsu Yim, hyang Choi, Josh Smith, Hyonhee Shin, Joyce Lee, Liz Lee, Satoshi Sugiyama, Ed Davies, Jack Kim, Gerry Doyle, Alex Richardson, Kim Coghill Organizations: Reuters, KCNA, REUTERS Acquire, North, ., U.S, Andersen Air Force Base, Pentagon, . National Security, Harvard – Smithsonian Center for Astrophysics, U.S . Space Force, South Korea's Defence, National Security, South Korean, Korea's Defence, Korea Institute for National Unification, South, U.S ., Thomson Locations: North Gyeongsang Province, North Korea, Korea, South Korea, SEOUL, United States, . North Korea, Pyongyang, Pacific, Guam, U.S, South, Britain, North, Santa Fe, Korean, Japan, China, North Korea's, RUSSIA, Russian, Russia, Minwoo, Seoul, Beijing, Tokyo

☆ North Korea scraps military deal with South, vows to deploy new weapons at border
▼ + stars: | 2023-11-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +5 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, February 7, 2023. Russia and North Korea have denied arms deals but have promised deeper cooperation, including on satellites. South Korea resumed the use of crewed and uncrewed reconnaissance aircraft in the border area on Wednesday, Yonhap news agency reported. Critics have said that the pact weakened Seoul's ability to monitor North Korea, and that Pyongyang had violated the agreement. South Korea has said the North Korean satellite was believed to have entered orbit, but it would take time to assess whether it was operating normally.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Moon Jae, Moon Chung, Moon, Kim, Critics, Bruce Klingner, Klingner, Soo, hyang Choi, Josh Smith, David Brunnstrom, Sonali Paul, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, North, ., U.S . Department of State, CMA, ROK, South Korean, Yonsei University, CIA, U.S, Heritage Foundation, North Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Seoul, Russia, Pyongyang, . North Korea, Korea, Washington

☆ A 27-year-old who brings in up to $16,000 a month 3D printing ornaments and other products explains how he built a side hustle selling on Etsy
▼ + stars: | 2023-11-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

The very first product Ziegler listed for sale fell into the latter category. "So then I started just 3D printing products and trying to sell them on Etsy." Ziegler started his 3D printing business, Ziggy Zig Designs, with two Prusa printers and filament. He also bought 3D printing filament and downloaded a design software called SolidWorks . He shipped two more 3D printers to his place in Portland and cut his trip short to assemble the printers and start fulfilling orders.

Persons: Austin Ziegler, Ziegler, " Ziegler, Zig, Rollo, I'm, Etsy, Long Organizations: Business, YouTube Locations: Portland, Hawaii, Spokane , Washington

The other plaintiff, Kelsey Harbert, accused Gooding of groping her breast in June 2019 at the Magic Hour rooftop bar, also in midtown. Lawyers who have represented Gooding in civil and criminal litigation over his alleged sexual misconduct did not immediately respond to requests for comment. He pleaded guilty in April 2022 to a misdemeanor charge of forcibly touching Abbay, who was not identified by name at the time but revealed her identity in her lawsuit. The charge was downgraded six months later to harassment, to which Gooding pleaded guilty after complying with a plea agreement that required alcohol and behavior modification treatment and no further arrests. Accusations by Abbay, Harbert and a third woman were the basis for a six-count indictment against Gooding, which his guilty plea resolved.

Persons: Cuba Gooding, Mike Segar, Cuba Gooding Jr, Oscar, underlay, Jasmine Abbay, Jerry Maguire, Kelsey Harbert, Gooding, Gloria Allred, Russell Brand, Bill Cosby, Harvey Weinstein, Donald Trump, Sean, Diddy, Combs, Axl Rose, Sheila Kennedy, Jonathan Stempel, Dawn Chmielewski, Daniel Wallis Organizations: Criminal, REUTERS, Cuba, Lawyers, U.S, Thomson Locations: New, New York, Manhattan, New York City , New York, U.S, Los Angeles

☆ World Cup winner Scaloni contemplates walking away from Argentina job
▼ + stars: | 2023-11-22 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

"Argentina needs a coach who has all the energy possible and who is well ... "These players have given a lot to the coaching staff and I need to think a lot about what I'm going to do. "These guys are making it difficult, so I need to think about it for a while. "We are sure and hope that Scaloni will continue," Argentina defender Cristian Romero told reporters. "Let's see now he will have time to think, he didn't say anything in the dressing room about it.

Persons: Lionel Scaloni, Scaloni, It's, Lionel Messi, Cristian Romero, Fernando Kallas, Nick Mulvenney Organizations: RIO DE, South, FA, Copa America, Thomson Locations: RIO DE JANEIRO, Brazil, Rio de Janeiro, Argentina, Qatar

☆ Cricket World Cup 2023: Polluted air the common opponent
▼ + stars: | 2023-11-22 | by ( Vijdan Mohammad Kawoosa | ) www.reuters.com time to read: +12 min

Air quality during 2023 Cricket World Cup matchesChart categorises the 2023 cricket World Cup matches held in 10 Indian cities by the air quality observed during the matches they hosted. Twenty matches were held in ‘unhealthy’ air quality, 11 in air that was ‘unhealthy for sensitive groups’, 12 in ‘moderate’ air quality and only two in ‘good’ air quality. Average 24-hour PM 2.5 levels on all cricket World Cup match days between 1983 and 2019Chart shows average PM 2.5 concentration on match days at places that hosted a cricket World Cup match between 1983 and 2019. Of all the regions that have ever hosted a cricket World Cup match, the Indian subcontinent has seen the most polluted air. Map shows average annual PM 2.5 levels in 2019 across the world and locations that have ever hosted a cricket World Cup match.

Persons: Delhi’s Arun, Arun Jaitley, ITO, Chandika Hathurusinghe, Joe Root, Ben Stokes, Suranga Lakmal, Mohammad Shami vomited Organizations: Sri Lankan, teams, Arun, ITO, Labs Inc, . Environmental Protection Agency, Delhi, United States Environment Protection Agency, U.S . Environmental Protection Agency, World Health Organization, Indian, Matches, Daily, International Cricket Council, Endurance Locations: New Delhi, Delhi, Lahore, Pakistan, Australia, Netherlands, India, ITO, Sri Lanka, England, Indian, Mumbai, Bengaluru, Kolkata, Sri Lankan, U.S, Canberra, United States, China, Bangladesh

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Nvidia forecast overall revenue above Wall Street targets, but the company warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China. Shares of Nvidia had initially slipped in premarket trading, but reversed course to climb 1.1%. The central bank's guarded stance is weighing on enthusiasm about rate cuts coming later, Streeter said. ET, Dow e-minis were down 5 points, or 0.01%, S&P 500 e-minis were up 6 points, or 0.13%, and Nasdaq 100 e-minis were up 37.25 points, or 0.23%.

Persons: Brendan McDermid, Susannah Streeter, Hargreaves Lansdown, Sam Altman, Streeter, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Nvidia, Wall, U.S, Hargreaves, OpenAI, Microsoft, Big Tech, University of, Dow e, Deere & Co, Thomson Locations: New York City, U.S, China

☆ France held to 2-2 draw as Greece spoil flawless qualifying campaign
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

ATHENS, Nov 21 (Reuters) - Greece came from a goal down to hold France to a 2-2 draw in their final Euro 2024 qualifier in Group B on Tuesday, denying Didier Deschamps' side a perfect record in their qualifying campaign. Randal Kolo Muani scored just before halftime before Greece levelled in the 56th minute through Anastasios Bakasetas and Fotis Ioannidis gave the hosts the lead five minutes later. Deschamps made eight changes to his starting lineup with Theo Hernandez, Adrien Rabiot and Antoine Griezmann the only players who started on Saturday when they demolished 10-man Gibraltar 14-0 in a record Euro qualifying win. Greece, Euro 2004 champions, levelled in the 56th minute through midfielder Anastasios Bakasetas, who struck with a volley from outside the box, and Fotis Ioannidis gave Greece the lead five minutes later. France substitute Kylian Mbappe, who ended the qualifying campaign with nine goals, had a last-gasp chance to seal the win but hit the bar deep into stoppage time.

Persons: Didier Deschamps, Randal Kolo Muani, Fotis Ioannidis, Youssouf Fofana, Les Bleus, Deschamps, Theo Hernandez, Adrien Rabiot, Antoine Griezmann, Griezmann, Olivier Giroud teed, Kolo Muani, Anastasios Bakasetas, Fofana, Kingsley Coman, Kylian Mbappe, Anita Kobylinska, Toby Davis Organizations: France, Thomson Locations: ATHENS, Greece, France, Netherlands, Gibraltar, Gdansk

Three presidential debates are set for next year in Texas, Virginia and Utah. And one vice presidential debate is scheduled for Sept. 25 at Lafayette College in Pennsylvania. The rift between the RNC and the commission has been on display in recent years. And in 2020, former President Donald Trump refused to participate in the second presidential debate because it was set to be held virtually during the COVID-19 pandemic. But Trump has expressed interest in debating President Joe Biden, the presumptive Democratic nominee, who has yet to commit to attending next year’s debates.

Persons: Donald Trump, Trump, Joe Biden Organizations: Presidential, Texas State University, Virginia State University, University of Utah, Lafayette College, Republican National, Democratic, RNC, GOP Locations: Texas , Virginia, Utah, Pennsylvania

'Wherever you go, there you are'For DeFelice, covering those living expenses became a grind. Corentin Soibinet for CNBC Make ItAs for living expenses, DeFelice still takes out $120 a week to cover her basic costs and finds ways to limbo under that number. 'I'm here to say you can turn things around'After her return to Austin, DeFelice had been coasting. The part-time work was enough to cover her living expenses, but she's recently bumped up her salary by going full-time. In the meantime, she'll continue to educate others about good money habits through her online course, Best Money Class Ever.

Persons: Carly DeFelice, —, DeFelice, Mercedes, Corentin Soibinet, didn't, they'll, Warren Buffett, hasn't, Soibinet, she's, She's, I've, she'll Organizations: CNBC, University of Texas, Benz, FIRE, Carolinas, West Coast, FinCon Entertainment, Mint Mobile Locations: Austin , Texas, Austin, Hawaii, Omaha , Nebraska, Charlotte, Raleigh, West, Texas, Pacific Northwest, New Orleans, East Austin

☆ Jack Dorsey tells Block employees he's ending performance reviews, PIPs in favor of 'parting ways immediately'
▼ + stars: | 2023-11-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

He also named Dhanji Prasanna, a longtime Block employee and its chief scientist, as the company's new CTO. Going forward, Block will rely on constant evaluations of workers to get past a perception that Block allows staff and managers to "'rest and vest' throughout the company," Dorsey wrote. "It's a lazy and often surprising approach that we can avoid with direct and consistent feedback," Dorsey said of PIPs. "We want to help everyone achieve excellence here at Block," he added. Excellence in service to our customers, excellence in our craft, excellence in our respective disciplines, and excellence to each other.

Persons: Dhanji Prasanna, Dorsey, There's, doesn't, I've, Dhanji Organizations: Business, Block Locations: Fe

☆ Jack Dorsey tells Block employees he's ending performance reviews and PIPs in favor of continuous evaluation: 'It's way too heavy for everyone involved.'
▼ + stars: | 2023-11-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

He also named Dhanji Prasanna, a longtime Block employee and its chief scientist, as the company's new CTO. "It's a lazy and often surprising approach that we can avoid with direct and consistent feedback," Dorsey said of PIPs. "We want to help everyone achieve excellence here at Block," he added. "That ensures we can have a fair two-way conversation holding each of us accountable to always raising the bar," Dorsey said. Excellence in service to our customers, excellence in our craft, excellence in our respective disciplines, and excellence to each other.

Persons: Dhanji Prasanna, Dorsey, There's, doesn't, I've, Dhanji Organizations: Business, Block Locations: Fe

☆ Monte Paschi rebirth is vindication for Rome
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS / Jennifer Lorenzini Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - Italy’s privatisation of bailed-out lender Banca Monte dei Paschi di Siena (BMPS.MI) may finally be on the right track. The sale price was nearly 50% higher than last year’s high-stakes 2.5 billion euro capital increase, which cost taxpayers 1.6 billion euros. Rome took advantage of a near-30% rally in Monte Paschi’s shares during the month leading up to the sale. Granted, Rome will never recoup the around 5.4 billion euros it burnt to save Monte Paschi in 2017. Two years ago, interest rates were low and Monte Paschi's recovery seemed a distant prospect.

Persons: Jennifer Lorenzini, Siena, Monte Paschi, Andrea Orcel, Lisa Jucca, Banks, Liam Proud, Streisand Neto Organizations: REUTERS, Reuters, Banca Monte dei, Treasury, X, Walmart, Thomson Locations: Monte dei, Siena, Italy, Rome, Monte Paschi’s, Monte

☆ Cami Téllez's underwear startup Parade went bust, and employees blame her. Is it OK to write about it?
▼ + stars: | 2023-11-21 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +28 min

Owning Gucci loafers "wouldn't make me any less capable of leading my team," Téllez rightfully pointed out. Most startups attract people who know this and are excited by it, and Parade employees were no different. "Like any for-profit company, Parade sought to make money and deliver value for shareholders," she told Business Insider. Téllez told staffers DeFuria was sick, and some were worried enough to send flowers to his home. Téllez told employees that they should be receiving offers for positions at AAI "within the next 72 hours at the latest."

Persons: Camila Téllez, I'd, —, Steph Korey, Audrey Gelman, they'd, Steve Jobs, I've, Emily Weiss, Marc Andreessen, Téllez, Gen Zers, Calvin Klein, Cami, Cami Téllez's, she'd, Gucci loafers, Slack, Rhonda Moret, there's, Jack DeFuria, Shakira, Warby Parker's, Neil Blumenthal, Peyton Dix, Jeffries, Evan Mock, Kamala Harris, Ella Emhoff, Gen, Karli Kloss, Omar, who'd, Ty Haney —, — Téllez, Kerry Steib, Meredith Gillies, we've, Steib, I'm, Lyndsey Arnold, Arnold, Lailee, Taghdisi, DeFuria, Kristen Dolzynski, Dolzynski, commenter, weren't Organizations: Ariela, Associates International, AAI, CNBC, Columbia University, NYU, Parade, West Dakota, Forbes, longtime, American, Karli, Voices, Spotify, North America, Employees, Casper, Casa de, Former Locations: New York, Instagram, New, Téllez, York, Colombia, North, SoHo, Dominican Republic

☆ Tesla launched its own car insurance. These drivers say it's a lemon.
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +20 min

Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.

Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, ”, Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, “, —, Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, –, Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California

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