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☆ Keach Hagey — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Keach Hagey | ) www.wsj.com time to read: +1 min

Keach HageyKeach Hagey is a reporter at The Wall Street Journal’s Media and Marketing Bureau in New York, where she focuses on the intersection of media and technology. Her investigation into the inner workings of Google’s advertising-technology business won recognition from the Society for Advancing Business Editing and Writing (Sabew). Previously, she covered the television industry for the Journal, reporting on large media companies such as 21st Century Fox, Time Warner and Viacom. She led a team that won a Sabew award for coverage of the power struggle inside Viacom. Before joining the Journal, Keach covered media for Politico, the National in Abu Dhabi, CBS News and the Village Voice.

Persons: Keach, George Polk, Gerald Loeb, “, Sumner, ” Organizations: Journal’s Media, Marketing Bureau, Facebook, Google, George, George Polk Award, Business, Beat, Society for, Century Fox, Time Warner, Viacom, CBS, HarperCollins, Politico, Village, Stanford University Locations: New York, Abu Dhabi, Irvington, N.Y

☆ A famed Silicon Valley VC who left for the UK says he wouldn't live in San Francisco with kids after men fired gunshots a few blocks from his dinner
▼ + stars: | 2023-08-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Y Combinator founder Paul Graham said he wouldn't live in San Francisco with kids due to crime. Graham, who lives in the UK, said he was out for dinner when masked men fired gunshots nearby. Robotaxi companies Cruise and Waymo recently got the go-ahead from the city to offer fully driverless rides 24/7 in San Francisco. Graham and the San Francisco Police Department did not immediately respond to Insider's request for comment about the incident. The San Francisco Chronicle reported that some of this feeling may be down to the public and "brazen" nature of the crimes.

Persons: Paul Graham, Graham, Y, Waymo, Elon Musk, Nordstrom, Bob Lee Organizations: Morning, San Francisco Police Department, City, San Francisco Chronicle, Old Navy, Foods, New York Times, Times Locations: San Francisco, Francisco's, City and County

☆ Zero-day-options, weak technicals and China: Breaking down the market’s August headwinds
▼ + stars: | 2023-08-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

"The S & P is not quite there, but we would be very surprised if it doesn't follow the NDX's lead." On top of that, some are worried that another real estate crisis in China may be brewing. "It's been almost two years since China Evergrande Group, once China's largest real estate developer, shocked the financial markets by defaulting on $340 billion in debt. Since then, the Chinese real estate market has been in a serious slump," wrote Ed Yardeni of Yardeni Research. Investment in real estate fell 8.5% y/y during the first seven months of this year."

Persons: Goldman Sachs, Scott Rubner, Rubner, 0DTE, Technicals, Wolfe, Rob Ginsberg, Ginsberg, It's, Ed Yardeni, we're, Sarat Sethi, Johnson, Sethi, CNBC's, — CNBC's Michael Bloom Organizations: Wolfe Research, Nasdaq, China Evergrande Group, Yardeni, Investment, U.S, JPMorgan Locations: China, U.S, Freeport, McMoRan, Haleon

☆ Aldi is buying 400 grocery stores in Florida and the southeast as it continues its rapid US expansion
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Aldi is buying 397 supermarkets across Alabama, Florida, Georgia, Louisiana, and Mississippi. Some will stay as Winn-Dixie and Harveys Supermarket stores while others will be converted to Aldis. The German discount retailer said on Wednesday that it was buying all of Winn-Dixie and Harveys Supermarket's locations from parent company Southeastern Grocers for an undisclosed price. Some of the stores will be converted to Aldis, while others will continue to operate as Winn-Dixie and Harveys Supermarket stores, Aldi CEO Jason Hart said in a statement. Aldi said that its purchase of Winn-Dixie and Harveys Supermarket was expected to close in the first half of 2024.

Persons: Jason Hart, Kroger, Fresco Organizations: Aldi, Dixie, Harveys, Service, Southeastern Grocers, Winn, Walmart, CNN, Fresco Retail Locations: Alabama , Florida, Georgia, Louisiana, Mississippi, Winn, Wall, Silicon, Florida, Alabama

☆ I drove Hyundai's luxurious new $70,000 electric SUV and saw why it's one of the best Tesla rivals yet
▼ + stars: | 2023-08-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I drove the Genesis GV60, a new compact electric SUV from Hyundai's luxury brand. A Tesla Model Y is just as likely to be owned by an obsessive early adopter as an Uber driver or your grandpa. The Genesis GV60. The Genesis GV60. The Genesis GV60.

Persons: Tim Levin, you've, Tesla, Elon Musk, they've, Kia EV6, it's Organizations: Tesla, EV, Neat, Hyundai, Elon

☆ Buy this semiconductor stock that can rally more than 35% after an overdone sell-off, Rosenblatt says
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors shouldn't shy away from Coherent despite a lower 2024 forecast, according to Rosenblatt Securities. Shares sold off Wednesday after the company issued disappointing fiscal-year earnings guidance, dropping nearly 30%. "The good news is Coherent received very large 800G Datacom for AI orders in 4Q23 that drove Networking orders up 80% q.q [quarter-over-quarter]." Meanwhile, Genovese says Coherent could be the largest beneficiary of the growth of 800G optical transceivers, which streamline data transmission and gives the company ample exposure to AI. "COHR is the #1 beneficiary of 800G Optical demand for AI, in our opinion," he said.

Persons: Mike Genovese, Genovese, CNBC's Michael Bloom Organizations: Rosenblatt Securities Locations: 4Q23

☆ Tesla makes further price cuts in China, reducing models S and X by $7,400 to $8,500
▼ + stars: | 2023-08-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Tesla on Wednesday slashed the price of the existing inventory of its Model S and Model X cars in China, as the company looks to boost sales amid rising competition in one of its key markets. The Model S is now offered at 754,900, reduced from 808,900 yuan. The electric car maker, run by billionaire Elon Musk, made another round of price cuts this week for the Model Y and Model 3 in China. In the U.S., Tesla has rolled out cheaper versions of it Model S and Model X vehicles — which are not new issues, but are range limited by software. Shares of Chinese electric vehicle upstarts Xpeng , Nio and Li Auto were all lower in morning trading in the U.S.

Persons: Tesla, Elon Musk, Li Organizations: Tesla, U.S, Li Auto, China Passenger Car Association Locations: Beijing, China, Weibo, U.S

Shares of dedicated EV maker VinFast, which merged with special purpose acquisition company (SPAC) Black Spade, surged on their Nasdaq debut on Tuesday. Other EV SPAC deals, including Lucid (LCID.O), which Black Spade used as the basis of its initial $23 billion valuation of VinFast, have seen their shares tumble after listing. Lucid is valued now at under $15 billion, nearly 40% less than its $24 billion SPAC valuation in 2021. Through the first seven months, it has sold over 16,000, including its sales in Vietnam. The Tesla Model Y is almost $7,000 cheaper than VinFast's VF8 after including federal subsidies.

Persons: Stephane Mahe, Black Spade, Pham Nhat Vuong, David Mansfield, Le, Thuy, VinFast, Vuong, Mansfield, AlixPartners, Tesla, Kevin Krolicki Organizations: REUTERS, Rights, Nasdaq, Ford, General Motors, Tesla, VinFast, VinFast's, EV, U.S ., Thomson Locations: Paris, France, Rights HANOI, U.S . West Coast, Vietnam, United States, Haiphong, North Carolina, China

☆ Cannabis Vendors in Limbo as Judge Halts N.Y. License Program
▼ + stars: | 2023-08-16 | by ( Ashley Southall | More About Ashley Southall | ) www.nytimes.com time to read: +1 min

Just 23 retailers have opened storefronts or delivery services since the first licensed shop opened in December, and only about 18,000 pounds of cannabis have been sold so far, according to the Office of Cannabis Management. At the current sales rate, 564,000 pounds of legally grown cannabis will remain unsold by the end of the year, agency officials said. Some licensees and lawyers have laid some of the blame on Attorney General Letitia James, whose office is responsible for defending the cannabis program against lawsuits. At the hearing last week, her lawyer struggled to answer basic questions about the program from Justice Bryant, such as distancing requirements between dispensaries. Then, an investor agreed in June to put up $150 million to revive the state’s dispensary plan under terms that have not been disclosed.

Persons: Beau Allulli Jr, ”, Letitia James, Justice Bryant, Kathy Hochul’s Organizations: Cannabis Management, Justice Locations: Lower Manhattan

☆ Surgeons Improve Function of Kidneys Transplanted From Genetically Altered Pigs
▼ + stars: | 2023-08-16 | by ( Roni Caryn Rabin | ) www.nytimes.com time to read: +3 min

A number of studies last year demonstrated that pig kidneys that had been transplanted into brain-dead individuals made urine, an essential function, for short periods of time. “The really new finding here is that these pig kidneys can clear enough creatinine to support an adult human,” Dr. Locke said. “If you want to have life-sustaining kidney function, the kidneys have to do more than just make urine,” Dr. Locke said. A few months later, researchers at the University of Maryland transplanted a heart from a genetically modified pig into a 57-year-old patient with heart failure. So far, transplants of genetically modified pig kidneys have been made only to brain-dead patients.

Persons: ”, Jayme Locke, Dr, Locke Organizations: Transplant Institute, NYU Langone Health, University of Maryland, Revivicor, United Therapeutics Corporation, Langone Health, Food and Drug Administration Locations: Alabama, New York

☆ 3 Die in N.Y. Area From Infection Spread Through Seawater and Oysters
▼ + stars: | 2023-08-16 | by ( Amelia Nierenberg | More About Amelia Nierenberg | ) www.nytimes.com time to read: +1 min

Three people in the New York City area have died in recent weeks and a fourth person was hospitalized after contracting infections from a flesh-eating bacteria that can be caused by eating raw oysters or swimming in saltwater, health officials in New York and Connecticut said. Infections from the bacteria, called Vibrio vulnificus, are rare but extremely dangerous. The Centers for Disease Control and Prevention estimates that one in five people who become infected die. People with open wounds should avoid swimming in warm seawater, he said. And people with compromised immune systems should be careful with eating or handling raw seafood.

Persons: Dr, James McDonald Organizations: New, Disease Control Locations: New York City, New York, Connecticut

☆ TikTok influencers want to rent you a very cool home. Just don't call them landlords.
▼ + stars: | 2023-08-16 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

While live-in landlords are far from a novel concept, the pandemic-era fever around passive income and real-estate investing has sparked a rise in the popularity of house hacking. While Turner's initial strategy emphasized small multifamily buildings, some house hackers applied the concept to single-family homes. In 2019, he published a book called "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom." And I think house hacking is one obvious way to eliminate, or at least drastically reduce, what likely is your largest expense." "Yeah, it's called 'house hacking," the owner and roommate, also played by Jarman, who has 4 million followers, replies.

Persons: Kelly Clark, Clark, scoffed, TikTok, Zers, Brandon Turner, Turner, Ryan Lehman, Lehman, Brandon, I'm, Craig Curelop, BiggerPockets who's, Curelop, influencer Addison Jarman, renter, it's, Jarman, Jay Parsons, John Liang, TikToker, Liang, —, It's, doesn't, Insider's Daniel Geiger, she'd, James Rodriguez Organizations: Federal Housing Administration, BiggerPockets, Census, YouTube, RealPage Locations: Spokane , Washington, Silicon, millennials, Seattle, Spokane

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

☆ Numerous Tesla owners say they've been trapped inside their EVs after they lost power. Here's how to manually open a Tesla door if you get stuck inside.
▼ + stars: | 2023-08-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Numerous Tesla owners say they have been trapped inside their EVs after they lost power. Teslas come with manual door releases, but they can be hard to find without the owner's manual. Numerous Tesla owners have said they've been stuck inside their EVs after the cars suddenly lost power. The manual door release can be tricky to find unless you've combed through your car's owner's manual. TeslaThe Model 3 owner's manual states that "only the front doors are equipped with a manual door release."

Persons: Tom Exton, Exton, Rick Meggison, Meggison, Tesla, Teslas Organizations: Tesla, ABC Locations: Arizona

☆ Aldi is buying 400 Winn-Dixie and Harveys supermarkets
▼ + stars: | 2023-08-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024. Some of the nearly 400 Winn-Dixie locations Aldi is acquiring will keep the familiar red-and-white Winn-Dixie branding and traditional store layout, but many will convert to Aldi’s brand and bare-bones store format. The acquisition – which includes Harveys Supermarket – will add locations across Alabama, Florida, Georgia, Louisiana and Mississippi to Aldi’s portfolio. Winn-Dixie and Harveys Supermarket had long been staples in the Southeast region. Aldi has not disclosed how many of the Winn-Dixie and Harveys stores it plans on converting, or how much the deal cost.

Persons: Winn, Jason Hart, Aldi, Dixie, Neil Saunders, ” Saunders, ” Hart, Kroger, it’s, Phil Lempert, Lampert, “ that’s, ” Lempert, “, ” Lampert, Saunders Organizations: New, New York CNN, Aldi, Winn, Dixie, Harveys, Southeastern Grocers, Fresco Retail, Albertsons, Publix, Sunshine State Locations: New York, Alabama , Florida, Georgia, Louisiana, Mississippi, Florida, United States, Southeast, “, Aldi, Winn, Sunshine

☆ China may 'miss the 5%' growth target this year as downside risks spread
▼ + stars: | 2023-08-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Greg Baker | Afp | Getty ImagesBEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said. "In such a case, economic momentum may stay subdued in the rest of the year and China may miss this year's growth target of around 5%," she said. China is the world's second-largest economy, and accounted for nearly 18% of global GDP in 2022, according to World Bank data. "We also see bigger downside risk to our 4.9% y-o-y growth forecast for both Q3 and Q4, and it is increasingly possible that annual GDP growth this year will miss the 5.0% mark," the report said. Growth vs. national securityChinese authorities' initial crackdown on real estate developers in 2020 was an attempt to curb their high reliance on growth.

Persons: Greg Baker, Tao Wang, spender, Nomura Ting Lu, Ting Lu, haven't, Louise Loo, Loo, that's, Xiangrong Yu, Gabriel Wildau, Teneo, Wildau Organizations: Afp, Getty, UBS Investment Bank, Bank, China, People's Bank of, Oxford Economics, Zhongrong International Trust, Information, Beijing, CNBC, Baoshang Bank, Anbang Locations: Beijing, BEIJING, China, Asia, People's Bank of China

☆ Tesla cuts Model S and X prices by over 6% in China
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

People wearing face masks following the coronavirus disease (COVID-19) outbreak check a Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China May 8, 2020. REUTERS/Yilei Sun/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Aug 16 (Reuters) - Tesla (TSLA.O) has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday. A post from the carmaker on social media platform Weibo showed the price of the Model S cut 6.7% to 754,900 yuan ($103,477.58) from 808,900 yuan earlier. The Model X now starts from 836,900 yuan, down 6.9% from 898,900 yuan earlier. Tesla on Monday said it cut prices in China for its Model Y's long-range and performance versions starting on Aug. 14, which triggered concerns around its profit margins.

Persons: Tesla, China's BYD, Liz Lee, Himani Sarkar Organizations: REUTERS, Yilei, Inc, BEIJING, Weibo, Beijing, Thomson Locations: Shanghai, China

☆ $780,000 Homes in New York, Georgia and Texas
▼ + stars: | 2023-08-16 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Driving to Albany takes about half an hour. Pittsfield is about 45 minutes away, across the Massachusetts state line. Driving to Manhattan takes about three hours, depending on traffic. Beyond the threshold is a small foyer that flows into an open living space with maple floors and a sitting area anchored by a brick fireplace and framed by a wall of built-in shelves painted green. On the other side of the space is a dining area with a midcentury-style chandelier and another brick fireplace.

Persons: Ichabod Crane Organizations: Washington Irving, Amtrak, Penn Station Locations: N.Y, Columbia County, Washington, Hudson, Manhattan, Albany, Pittsfield, Massachusetts

☆ Aldi to acquire Winn-Dixie and Harveys Supermarket stores in Southern expansion
▼ + stars: | 2023-08-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Supermarket chain Aldi plans to acquire hundreds of Winn-Dixie and Harveys Supermarket locations across the Southern U.S. in a deal that will expand the fast-growing grocer's presence across the region. Germany-based Aldi said in a news release Wednesday that it will take over operations of all Winn-Dixie and Harveys Supermarket locations — about 400 stores — in Florida, Alabama, Georgia, Louisiana and Mississippi. Some locations will be converted to Aldi stores after the acquisition, while others will continue operating as Winn-Dixie and Harveys Supermarket grocery stores, according to the release. Nationwide, the company plans to add 120 new stores to reach a total of more than 2,400 stores by year-end. The sale of the Winn-Dixie and Harveys Supermarket locations is a part of a larger divestiture by Southeastern Grocers, the chains' parent company.

Persons: Aldi, Jason Hart, Winn, Anthony Hucker Organizations: Dixie, Southern, Winn, Aldi, Harveys Supermarket, Nationwide, Southeastern Grocers, ALDI Locations: Winn, Southern U.S, Germany, Florida , Alabama, Georgia, Louisiana, Mississippi, United States, Florida

Nomura analysts were equally downbeat on China's economic outlook. Most economists see downside risk to Chinese growth but they don't expect a recession. It was the slowest growth since December 2022, and shows just how much of a challenge authorities face as they try to make consumption the key driver of future economic growth. MORE STIMULUSAsian stocks stalled at one-month lows, the yuan hit a 9-month nadir while the dollar held broadly firm after the weak Chinese data and latest policy easing measures. But we do need to lower our expectations for China's growth."

Persons: Julian Evans, Pritchard, Nomura, Nie Wen, Robert Carnell, Liangping Gao, Albee Zhang, Shri Navaratnam Organizations: National Bureau of Statistics, Capital Economics, Retail, Hwabao Trust, Investment, Reuters, ING, NBS, Nomura, Thomson Locations: BEIJING, Beijing, China, Asia, Pacific

☆ Australia Q2 wage gains underwhelm, argue against further hikes
▼ + stars: | 2023-08-15 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

"Wage growth has been stuck at 0.8% q/q for the past three quarters – a somewhat surprisingly slow pace given the very low level of the unemployment rate," said Sean Langcake, head of macroeconomic forecasting for Oxford Economics Australia. Despite higher interest rates, Australia's jobless rate is hovering near 50-year low of 3.5% and the economy is adding more jobs than expected. The RBA now sees a credible path where inflation could be restrained with interest rates at their current level, minutes showed on Tuesday. The path involves annual wage growth peaking at 4.1% by the end of the year before easing back to 3.6% by end-2025, according to the bank's latest forecasts. The ABS data showed wages in the public sector picked up to an annual rise of 3.1% while growth in private sector wages increased 3.8%.

Persons: David Gray, Sean Langcake, Andrew Boak, Goldman Sachs, Stella Qiu, Kim Coghill, Sonali Paul, Simon Cameron, Moore Organizations: REUTERS, Reserve Bank of Australia, Australian Bureau, Statistics, Oxford Economics, Thomson Locations: Newcastle, Sydney, Australia, SYDNEY, Oxford Economics Australia

☆ These kids get free vacations thanks to their YouTube fame. But what happens behind the scenes?
▼ + stars: | 2023-08-15 | by ( Lilit Marcus | ) edition.cnn.com time to read: +13 min

McCarty started a campaign called Quit Clicking Kids, aimed at stopping people using children on social media for monetary gain, in 2022. Child labor rights in the United States, from the factory to the internet: A timeline 1904 The National Child Labor Committee is founded, with the goal of ending all child labor. 1916 The first child labor bill – the Keating-Owen Act – is passed, which bans the interstate sale of any article produced with child labor and regulates the number of hours a child could work. In May 2023, the US Surgeon General’s office issued an advisory about social media and kids’ mental health. And for too many children, social media use is compromising their sleep and valuable in-person time with family and friends.

Persons: Chris McCarty, McCarty, Myka Stauffer, Stauffer, it’s, –, Keating, Owen, Franklin Delano Roosevelt, Coogan, ”, Instagram, Carlotta Dotto, Lilit Marcus The Coogan, Jackie Coogan, aren’t, “, Vivek Murthy, ” Stacey Steinberg, what’s, Steinberg, Yukari Schrickel, Mom Brooke Morrison, Parker, McKenzie, Morrison, ” Caz Makepeace, Craig, you’re, ’ ” Makepeace, Alex Winter, Machelle Hobson, Hobson, Makepeace, vlogging, Caz, they’re, “ We’ve Organizations: CNN, Morrisons, University of Washington, Child Labor, US, Labor, California, UN, Education, Trust, Facebook, National Archives, US Department of Labor, Actors, The Federal Trade Commission, New York Department of Labor, Washington State Legislature, Center, Children, University of Florida’s Levin College of Law, YouTube, Credit, Apple, Google Locations: New Orleans, Arizona, London, Dominican Republic, United States, New York, Illinois, California, ”, Australia

☆ Tesla launches new and cheaper Model S and X cars in US
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File PhotoCompanies Tesla Inc FollowAug 14 (Reuters) - Tesla (TSLA.O) introduced new standard range Model S and Model X cars in the United States, priced cheaper than the other versions of the S and X models, the automaker's website showed on Monday. The new S and X models were priced at $78,490 and $88,490, respectively, the website showed. The company delivered 19,225 Model X and S vehicles in the second quarter compared to 16,162 vehicles it delivered last year. Reporting by Mrinmay Dey in Bengaluru; Editing by Rashmi Aich and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Tesla, Mrinmay Dey, Rashmi Aich Organizations: REUTERS, Thomson Locations: Bern, Switzerland, United States, China, U.S, Bengaluru

☆ New A.I. working group aims to shape policy for key Democratic bloc
▼ + stars: | 2023-08-15 | by ( Emily Wilkins | ) www.cnbc.com time to read: +3 min

WASHINGTON — Democrats on Capitol Hill are forming a new working group on artificial intelligence and prioritizing how to prevent deepfakes from wreaking havoc on personal lives, national security and the upcoming 2024 elections. Rep. Derek Kilmer, D-Wash., will chair the new AI working group in the New Democrat Coalition, a 97-member bloc of House members that typically avoid the spotlight but wield significant influence over policy within the caucus. "There's real concern about the potential for AI generated disinformation, real concern about misuse of advanced AI models," Kilmer told CNBC. Another concerning aspect for many lawmakers is what AI generated images could mean in the world of campaign ads. Ron DeSantis recently used AI in an ad to replicate former president Donald Trump's voice "reading" a post that Trump had written on social media.

Persons: Derek Kilmer, Kilmer, Joe Morelle, Ron DeSantis, Donald Trump's, Trump, Joe Biden, Democratic Minnesota Sen, Amy Klobuchar, Kevin McCarthy Organizations: WASHINGTON, Democrats, Capitol, New Democrat Coalition, House, CNBC, Homeland Security Department, New Dems, Florida Republican Gov, Republican National Committee, Senate, Democratic Minnesota, Dems Locations: Taiwan, China

☆ Your Clothes Don’t Fit. Here’s Why. - The New York Times
▼ + stars: | 2023-08-15 | by ( Elizabeth Endicott | ) www.nytimes.com time to read: +3 min

I know exactly where I can find a perfect dress that fits me well and makes me feel great. In “Butts: A Backstory,” the journalist Heather Radke explored the garment industry’s history of trying and failing to standardize sizing for women’s bodies. “Bodies are bespoke, and most clothes made since the 1920s are mass-produced industrial products,” Ms. Radke wrote. While men’s sizing utilizes inches in a straightforward manner, with measurements like inseam and chest, women’s sizes have no consistency from one brand to another. Professor Abigail Glaum-Lathbury of the School of the Art Institute of Chicago put it to Ms. Radke very simply: “Unless your clothes are made for you, they don’t actually fit.”

Persons: toots, —, they’ve, Plunkett, “ Butts, Heather Radke, Ms, Radke, ” Radke, Abigail Glaum Organizations: Plunkett Research, School of, Art Institute of Chicago Locations: Instagram

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