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☆ The major donor revolt at University of Pennsylvania over its response to the Israel-Hamas war is getting worse
▼ + stars: | 2023-10-18 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +5 min

The megadonor revolt at the University of Pennsylvania is getting worse as the Israel-Hamas war intensifies. Penn isn't the only school facing backlash after the Hamas attacks; Harvard University and Cornell University have also drawn scrutiny. As the war with Israel intensifies in Gaza, UPenn's benefactors are slamming the school for its response and actions before and after Hamas' terrorist attacks in Israel. AdvertisementAdvertisementThe billionaire Ronald Lauder followed suit, threatening to stop donating to the university if it doesn't mount a stronger response to antisemitism. And at Cornell University, students are calling for a history professor to be fired after he described the Hamas attacks as "exhilarating" and "energizing."

Persons: Penn, —, Clifford Asness, Asness, Liz Magill, Steve McGuire, Marc Rowan, Rowan, Magill, Scott Bok, Dick Wolf, Jon Huntsman, Ronald Lauder, David Magerman, I've, Bill Ackman, Israel Organizations: University of Pennsylvania, Harvard University, Cornell University, Service, Pennsylvania's, Ivy League, Penn, American, of Trustees, Apollo, Daily, Huntsman Foundation, Pershing Locations: Israel, Gaza, Penn, Palestine

☆ Opinion | An Evolving Moral High Ground in the Israel-Gaza War
▼ + stars: | 2023-10-18 | by ( Charles M. Blow | ) www.nytimes.com time to read: +2 min

Yet there’s been an acute debate around this very question here in America in recent days. Most Americans assess this conflict the way they do many others: at arm’s-length and an ocean away. And they do so through the prism of their own sense of fairness and justice. It is a part of who they are and how they think. And it is with that compass that many of them evaluate the broader dispute over Israel’s control of the Palestinian territories and the immediate conflict between Israel and Hamas.

Persons: there’s, Elizabeth Alexander, Andrew W, Trayvon Martin Organizations: Israel, Mellon Foundation, Hamas Locations: America, Israel

☆ Working in Silicon Valley used to be fun. Now it's just another miserable corporate gig.
▼ + stars: | 2023-10-17 | by ( Aaron Terrazas | ) www.businessinsider.com time to read: +12 min

For the first time in a long time, tech workers are in a funk. This rare combination of generous compensation and a reasonable work-life balance kept tech workers happier than employees in other industries. Economy wide, there were on average 6.6 front-line workers per manager in 2018 and 2019, but post-pandemic, the ratio dropped to 6 to 1. It's possible that as tech companies have grown into more complex organizations, more management layers are necessary. Fundamentally, it's about listening to and elevating the voices of front-line employees.

Persons: —, Kristi Coulter, Aaron Terrazas Organizations: Linkedin, Tech, Wall Street, Federal Reserve, Microsoft, Amazon, California Bay, Austin , Texas —, Ford Motor Company, Intel Locations: Wall, California, California Bay Area, Austin , Texas, neckties

☆ Opinion | Hamas and the Moral Failure of Our Institutions of Higher Learning
▼ + stars: | 2023-10-17 | by ( Ezekiel J. Emanuel | ) www.nytimes.com time to read: +2 min

But ethics classes alone are insufficient to help students develop a clear moral compass so that they can rise above ideological catchphrases and wrestle intelligently with moral dilemmas. Instead, colleges and universities need to be more self-critical and rethink what it means for students to be educated. At the same time, academia has become more hesitant: We often avoid challenging our students, avoid putting hard questions to them, avoid forcing them to articulate and justify their opinions. This flies in the face of what a “liberal education” should be. Liberal education should be built around honing critical thinking skills and moral and logical reasoning so students can emerge as engaged citizens.

Persons: Georgetown —, ” M.I.T, “, ” Organizations: Georgetown, Liberal, The American Association of Colleges, Universities

☆ Locals are being priced out of Texas and Florida. Here's where they're looking for affordable homes instead.
▼ + stars: | 2023-10-15 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Home prices in Texas and Florida have increased 30% and 42% since 2019, according to Realtor.com. AdvertisementAdvertisementAs people across the US relocate to Florida and Texas, locals are feeling squeezed — and searching elsewhere for affordable homes. The typical cost of a home in Texas has spiked 30% since 2019, according to Realtor.com, and 42% in Florida during the same time period. These residents are increasingly searching on Realtor.com for homes outside of their state, suggesting they're willing to chase affordability across the country. AdvertisementAdvertisementFloridians are priced out too, and looking elsewhereMeanwhile, Floridians are eyeing homes nearby.

Persons: —, Hannah Jones, staters, Realtor.com, Holly Meyer Lucas, who's, Meyer Lucas Organizations: Realtor.com, Texans, Service, Wall Street Journal Locations: Texas, Florida, North Carolina , Tennessee, Georgia, South Carolina, Wisconsin, Minnesota, Tennessee , Colorado, Missouri, Alabama, South Florida

☆ An Oscar Winner Scouts Her New Location: an Uptown Pad for Less Than $500,000
▼ + stars: | 2023-10-12 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

When her son, Jack, was born 36 years ago, Ms. Leo, now 63, thought about putting down real roots. At the time, she was renting a place on 83rd Street, on the Upper East Side of Manhattan. I rent places for temporary housing when I do television work,” Ms. Leo said. Earlier this year, she decided to try again, focusing on Yorkville, a historic swath of the Upper East Side. Ms. McCormack showed Ms. Leo a handful of studios and one-bedroom apartments in the area.

Persons: Melissa Leo, Leo, Alice Eklund, Ward, homeownership, Jack, Carl Schurz, Oscar, ”, Louie ”, “ I’ve, ” Ms, Janina McCormack, Ms, McCormack, “ Organizations: Upper East Locations: Upper, “, Manhattan, Stone Ridge, N.Y, New Yorker, Washington Heights, ”, Yorkville, New York

☆ Adjustable-rate mortgage demand spiked last week. Here's why.
▼ + stars: | 2023-10-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. But the average contract interest rate for 5/1 ARMs decreased to 6.33% from 6.49%. ARMs usually offer much lower rates because they have shorter fixed terms. Applications for a mortgage to purchase a home rose 1% for the week and were 19% lower than the same week one year ago. "In this first two weeks of October, as anticipated, inventories have taken a jump, but then because interest rates have taken a jump too, we're seeing less buyers.

Persons: Joel Kan, Kan, Lisa Resch Organizations: Mortgage, ARM, Washington , D.C, Compass Locations: Washington ,

☆ Look of the Week: Chris Pine ushers in sweater weather with a chaotic workout look
▼ + stars: | 2023-10-10 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —A regular fixture in the style press, LA-born actor Chris Pine is a consistently top ranking name across best dressed lists. Stefania D'Alessandro/WireImage/Getty ImagesBut off the red carpet and away from the late night talk show sets, Pine’s sartorial compass doesn’t always point north. At Milan Fashion Week this summer, he was photographed making his way to a show barefoot. “Chris Pine looks like if Lisa Rinna got bitten by a werewolf,” added another in a Tweet liked more than 26,000 times. More than any expertly curated red carpet look, we see ourselves reflected back at us in Pine’s dressed-in-the-dark ensemble.

Persons: Chris Pine, Bode, Jimmy Kimmel, Nicole Ferreira, Jacob Elordi, Seth Rogan —, Stefania D'Alessandro, “, Ruth Bader Ginsberg, —, Pine, ”, Lisa Rinna, Sala Gedu, he’s, Pine’s Organizations: CNN, Party, Milan Fashion, PBS Locations: LA, Venice, Santa Fe, Los Feliz, cardigan

☆ Elite Ukrainian commandos on jet skis conducted a daring raid on a Russian electronic warfare station in Crimea, report says
▼ + stars: | 2023-09-30 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Ukrainian commandos on jet skis conducted a mission to damage a Russian electronic warfare station in Crimea. Members of the group told The Times of London how they carried out their covert and daring mission. AdvertisementAdvertisementA unit of Ukrainian commandos traveled covertly across the Black Sea on jet skis in a daring raid on a Russian electronic warfare station in Crimea, a report says. AdvertisementAdvertisementThe electronic warfare station had thwarted drone strikes and tracked British Storm Shadow missiles. While the unit approached the peninsula, five Ukrainian support ships fired at Russian positions as a diversion tactic, per The Times.

Persons: —, Borghese, Levan, Timur, Ukraine's, Kyrylo Budanov, GUR Organizations: Times, Ukrainian, Service, Brotherhood Battalion, Storm Shadow, Raptor, REUTERS, Fleet Locations: Crimea, London, Ukrainian, Ukrainian Crimea, Sevastopol, Ukraine

☆ 'Just shut your mouth:' Populist Republicans back UAW workers' demands while slamming union leadership
▼ + stars: | 2023-09-26 | by ( Bryan Metzger | Nora Naughton | ) www.businessinsider.com time to read: +11 min

Hawley and Vance support striking auto workers, but they're not on the same page as union leadership. AdvertisementAdvertisementAs strikes at auto manufacturing plants continue across the country, some populist-minded Republicans are breaking from their party's long-standing orthodoxies and backing the United Auto Workers' demands. Last week, Fain even slammed Donald Trump as part of the "billionaire class" following the news that the former president would address union workers in Michigan this week. So far, the only company that has figured out how to squeeze consistent profits out of electric cars is Tesla, which does not use more union labor. The union is now aiming to rebuild its reputation and influence in automotive labor and the labor movement writ large.

Persons: Hawley, Vance, they're, It's, —, what's, Sen, JD Vance, Ohio, Josh Hawley, Biden, Shawn Fain, They've, Fain, Donald Trump, Sherrod Brown, Brown, we've, Detroit's Ford, Matt Wegener, Wegener, EVs, Charmonique Demings, Trump —, Trump Organizations: PRO, Service, United Auto Workers, Republicans, UAW, GM, Stellantis, Biden's, Democrat, Michigan Assembly, Ford's Michigan, Trump, US, Detroit —, National Labor Relations Board, Supreme, Bloomberg, Biden, Battery, EV, Volkswagen, Tesla, Republican, Ford, Democratic, Democratic Party, American Locations: Josh Hawley of Missouri, China, Wentzville , Missouri, Michigan, Ohio, Detroit, Trump's Michigan, States, Mexico, Canada, Missouri

☆ Maui's 150-year-old banyan tree showing green after being charred by the wildfires is just the beginning of a long recovery
▼ + stars: | 2023-09-24 | by ( Kara Nelson | ) edition.cnn.com time to read: +4 min

CNN —A huge banyan tree charred by the wildfires in Maui is sprouting new green leaves, giving hope all was not completely lost in the flames. Maui's historical Banyan tree is growing new leaves after being charred in wildfires. “The tree is like your only compass in town.”A Kumu 'ulu tree charred by Maui's wildfires. Chris ImontiThe banyan tree isn’t the only tree local volunteers are working to save. One of them is the Kumu ‘ulu tree, which is connected to the legend of Ku, the Hawaiian god of farming and fishing, who transformed into a Kumu ulu tree to feed his family during a famine.

Persons: Chris Imonti, ” Imonti, Steve Nimz, Chris Imonti “, we’re, ”, “ We’re, Imonti, Ku, “ Organizations: CNN, . Volunteers Locations: Maui, Lahaina, ’, “, ”, ‘ ulu, Lahaina .

☆ So many people want to attend a Middle East investment conference dubbed 'Davos in the desert' that they're charging $15,000 to get in the door
▼ + stars: | 2023-09-23 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

About 5,000 delegates are paying $15,000 each to attend an investment conference in Riyadh next month. Growing interest in the conference also underlines Saudi Arabia's rising global influence. The annual event is the largest investment and business conference in the Middle East, and has been compared to Davos – the Swiss ski resort that hosts the World Economic Forum each January. As well as being a forum for discussion, the event is also an accelerator for Saudi investment opportunities. At last year's conference, more than 28 investment deals worth over $9 billion were signed, according to the US-Saudi Business Council.

Persons: Goldman Sachs, Sam Bankman, Jared Kushner, execs, Jamal Khashoggi, Prince Mohammed bin Salman's Organizations: Service, Future Investment Initiative, Street Journal, Economic, Bridgewater Associates, Saudi Business Council, Investment Initiative, FII Institute, Saudi Locations: Riyadh, Saudi, Wall, Silicon, Eastern, Davos, Saudi Arabian, Blackstone, BlackRock, Istanbul, FAYEZ, Saudi Arabia

☆ Compass CEO: There are more buyers than sellers, and inventory levels have hit their low
▼ + stars: | 2023-09-21 | 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 EmailCompass CEO: There are more buyers than sellers, and inventory levels have hit their lowRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss why the housing sector may be taking a turn for the worse, what the inventory bottom reflects, and if people are beginning to accept higher mortgage rates.

Persons: Robert Reffkin

☆ The golden years for NYC Airbnb hosts are over
▼ + stars: | 2023-09-18 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Airbnb listings in September fell to 4,600, a staggering 77% drop since June. AdvertisementAdvertisementOnly 4,600 short-term listings in New York City remain on Airbnb this month compared with over 20,000 active listings in June, according to analytics site AirDNA. It also found that Airbnb listings for stays longer than 30 days, which would be okay under the city's new rules, jumped from 54% of all listings in August to 88% in September. Florence banned new short-term rentals in the historic city center, while Paris capped how many days hosts could rent. Are you a New York City host affected by the newly enforced regulations?

Persons: Christine Blackburn, Blackburn doesn't, That's, Airbnb, Brian K, Lewis, Florence, Dan Latu Organizations: Service Locations: Wall, Silicon, New York, York, Brooklyn, Fort Greene, New York City, Ridgewood , Queens, Paris, Dallas, Philadelphia, dlatu@insider.com

☆ Maker of MDMA-assisted PTSD treatment to seek US regulatory nod
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

A woman retrieves items from the rubble of her destroyed home after a wildfire came through the area in Talent, Oregon, Oregon, U.S. September 21, 2020. PTSD is a disorder caused by very stressful events and can significantly disrupt patients' lives. While PTSD is commonly associated with combat, civilians are not immune to it. Psychoactive ingredients, whether derived from cannabis, LSD or magic mushrooms, have long captivated mental health researchers in their quest for treatments. MAPS, founded in 1986, said it hopes the MDMA-assisted therapy will be approved next year and inspire other researchers studying therapeutic psychedelics.

Persons: Jim Urquhart, Manas Mishra, Pooja Desai Organizations: REUTERS, Multidisciplinary Association for Psychedelic Studies, U.S . Food, Drug Administration, Thomson Locations: Talent , Oregon , Oregon, U.S, United States, Bengaluru

☆ 'The Brady Bunch' house sold to a megafan for $2.3 million under asking. She still called it the 'worst investment ever' — see inside.
▼ + stars: | 2023-09-12 | by ( Will Gendron | Jordan Pandy | ) www.businessinsider.com time to read: +4 min

"The Brady Bunch" fan, Tina Trahan, bought the house used as the Brady home exterior for $3.2 million. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The house featured in "The Brady Bunch" hit the market in early June for a cool $5.5 million — and it just sold on Monday for $3.2 million. AdvertisementAdvertisementThe buyer, Tina Trahan, told The Wall Street Journal that she was a fan of the show, although she doesn't plan to live in the house. "Nobody is going to live in it," she told The Wall Street Journal.

Persons: Tina Trahan, Brady, Trahan, Danny Brown, Marcy Roth, Eklund Gomes, Douglas Elliman, Fredrik Eklund, Roth, Brown, overpriced, Wayne Brady, " Brown Organizations: HGTV, Service, Street Journal, HBO, Wall Street Journal, Compass, Wall Street Locations: Wall, Silicon, American, Studio, Los Angeles, Hollywood

☆ Opinion: Why Vivek Ramaswamy’s swipe at Nikki Haley was so off base
▼ + stars: | 2023-09-02 | by ( Opinion Jeff Vasishta | ) edition.cnn.com time to read: +7 min

CNN —In a move surprising even for a mercurial figure like Vivek Ramaswamy, the millionaire businessman this past week took a backhanded swipe at fellow Republican presidential candidate Nikki Haley. For many Indian Americans and many Anglo Indians like me, Ramaswamy’s line of attack might not seem particularly surprising. With his jab at Haley, Ramaswamy almost certainly was not looking to ingratiate himself with Indian Americans. And on the whole, surveys show that nearly seven in 10 Indian voters in the United States identify as Democrats or lean Democratic. This did Ramaswamy no favors with Indian voters, especially Indian women.

Persons: Jeff Vasishta, Vivek Ramaswamy, Nikki Haley, Alex Garcia, Nimarata Nikki Randhawa, Narendra Modi, “, Ramaswamy –, Haley, Ramaswamy, Barack Obama, Haley —, Ramaswamy —, — weaponized, ingratiate, Biden, Kamala Harris, —, Donald Trump, Obama, won’t, We’re Organizations: Rolling Stone, Billboard, Variety, CNN, Democratic National Convention, Indian, UN, Republican, Trump, Twitter, Facebook Locations: Rolling, South Carolina, British, India, United States, Silicon Valley, Milwaukee, New York, America

The next day, Jason Haber, a real estate agent with Compass, started a Change.org petition demanding that Mr. Parcell resign. “I reached out to representatives for speakers at their upcoming conferences, asking them to withdraw their speaking slots. We were putting a lot of pressure on the organization.”Complaints about Mr. Parcell began to surface after Janelle Brevard, a former employee who said she had had a consensual relationship with Mr. Parcell, sued the group for racial and sexual discrimination and harassment. Ms. Brevard, who is Black, handled the group’s podcasts and videos and much of its marketing materials from 2019 to 2022. She said that after their relationship ended she was excluded from meetings and business trips and that Mr. Parcell, who is white, threatened to have her fired, according to her lawsuit.

Persons: Parcell’s, Jason Haber, Parcell, “, Mr, Haber, Janelle Brevard, Brevard Organizations: Times, Compass Locations: N.A.R

☆ The Case for Acting on Your Desires and Not Being a Good Person - The New York Times
▼ + stars: | 2023-08-25 | by ( Jamieson Webster | ) www.nytimes.com time to read: +2 min

I‘m increasingly seeing this in my work as a therapist in New York City. It avoids the deeper question of desire, and desire is a compass. The promised image of goodness skirts pleasures that — for obscure reasons — you aren’t sure you can want. Unsettling desires challenge our perception of who we are and what life might look like. Importantly, you come to see that limits cannot be held or crossed under compulsion.

Persons: —, “, ” Locations: New York City

The 2024 edition of U.S. News Best Colleges will be released Monday, Sept. 18 on usnews.com, with pre-orders accepted for the accompanying print guidebook. We strongly advise users to consider the rankings alongside additional information and in light of personal interests. With that in mind, the methodology for the upcoming rankings will undergo greater modifications than in a typical year. Key changes include the following:A greater emphasis on social mobility and outcomes for graduating college students. For greater transparency, colleges and universities placing in the top 90% instead of only the top 75% will be numerically ranked.

Organizations: U.S, News, . College, U.S . News, Compass Locations: usnews.com, U.S

Some analysts warn that rising yields could push up borrowing costs, causing the economic slowdown investors are now betting against. The key question is how much further bear steepening the market needs to see for "investors to become nervous," he added. In 2018, for instance, the curve shifted to a bear-steepening dynamic as the economy appeared to hold up well despite the Fed's tightening. Risks remain, however, warned Jonathan Cohn, head of US Rates Desk Strategy at Nomura Securities International, including the pain for companies refinancing debt at higher rates and China's weakening growth. BEARISH BETSSome investors are worried that Powell’s speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, could trigger a short squeeze.

Persons: Jerome Powell's, Michael Harris, Gennadiy Goldberg, Alfonso Peccatiello, Peccatiello, Jonathan Cohn, Powell, Harris, Eoin Walsh, Jim Cahn, Cahn, Michael Edwards, Weiss, there'd, Edwards, Davide Barbuscia, Michelle Price, Megan Davies, Mark Porter Organizations: Treasury, Futures, Quest Partners, Securities USA, Fed, Nomura Securities International, Investors, TwentyFour Asset Management, Thomson Locations: U.S, New York, Jackson Hole , Wyoming, Carolina

☆ Escape China by Jet Ski? A Dissident Is Said to Have Planned It for Years
▼ + stars: | 2023-08-24 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

The South Korean Coast Guard has confirmed that on Aug. 16 it found a man stranded with a Jet Ski-type vehicle on a mud flat off the country’s west coast, near the city of Incheon. He had set off from the Shandong Peninsula with a helmet, a life jacket, a telescope and a compass, according to the Coast Guard. He also had five containers of fuel, which he’d tied to the watercraft and used to keep the tank filled during the 14-hour journey, the Coast Guard said. “He felt depressed living in China due to the autocracy and lack of freedom of speech,” said Mr. Ran, 36, who met Mr. Kwon on an online forum about Chinese history.

Persons: he’d, Matt Ran, Kwon, ”, Mr, Quan Ping, Ran, “ Organizations: Korean Coast Guard, Coast Guard, Iowa State University Locations: Incheon, South Korea, China, Shandong, New York City

Seoul, South Korea CNN —A jet ski rider detained by South Korea for allegedly entering the country illegally is a prominent Chinese dissident who rode hundreds of miles across the sea to escape from China, activists say. The man, who is in his 30s, was apprehended August 16 near Incheon, on South Korea’s west coast near to the capital Seoul, the Incheon Coast Guard said in a news release Sunday. He is suspected of traveling from China’s eastern Shandong province, which lies about 400 kilometers (250 miles) across the Yellow Sea from Incheon. Upon arrival in South Korea, he got stuck on the muddy shore and had to call an emergency line for help, the release said. Lee Dae-seon, an activist working with Dialogue China and based in South Korea, said Kwon had been sentenced to jail and released in March 2019.

Persons: Kwon Pyong, Kwon, Xi Jinping, “, ”, Lee Dae, Lee, “ Kwon, ” Lee Organizations: South Korea CNN, South, Incheon Coast Guard, CNN, Iowa State University, House, Freedom, Dialogue Locations: Seoul, South Korea, China, Incheon, South Korea’s, Shandong, United States, Dialogue China

☆ A dissident who mocked Xi Jinping online fled China on a jet ski, crossing 180 miles of sea to reach South Korea
▼ + stars: | 2023-08-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

He used a jet ski and a compass to get to the South Korean city of Incheon, per AFP. "He refilled the petrol on the ride and dumped the empty barrels into the sea," said the Korea Coast Guard on Tuesday, according to AFP. Kwon is now considering whether to apply for refugee status in South Korea, which only grants asylum to only a limited number of refugees each year. "While his means of entry into South Korea in violation of the law was wrong, surveillance of the Chinese authorities and political persecution of Kwon since 2016 are behind his life-risking crossing into South Korea," Lee told the news agency. The Incheon Korea Coast Guard Station was unable to be reached for comment because it was outside of office hours.

Persons: Xi Jinping, Kwon Pyong, Xi, Lee Dae, Kwon, Lee Organizations: AFP, Service, Agence France, Presse, Dialogue China, Korea Coast Guard, South Korea Korea Coast Guard, Coast Guard, Incheon Korea Coast Guard Locations: China, Korean, Incheon, Wall, Silicon, South Korea, Shandong, AFP, South

☆ On San Francisco stop, Taiwan VP says will take peace as his 'lighthouse'
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Taiwan's Vice President William Lai addresses supporters at the San Francisco Airport Marriott Waterfront hotel in Burlingame, California, U.S. August 16, 2023. REUTERS/Loren Elliott Acquire Licensing RightsTAIPEI, Aug 17 (Reuters) - Taiwan Vice President William Lai has promised during a visit to San Francisco to take peace as his "lighthouse" and democracy as his guide, on the final leg of a trip that China has condemned. China, which claims Taiwan as its territory, has denounced the transit stops in the United States and called Lai a "troublemaker". "Taiwan is a crucial partner in U.S. efforts to maintain global peace and stability, including in the Taiwan Strait," Rosenberger said. The United States has no formal ties with Taiwan but is bound by law to provide the island with the means to defend itself.

Persons: William Lai, Loren Elliott, Lai, Taiwan's, Laura Rosenberger, Rosenberger, Biden, likeminded, Yimou Lee, Ben Blanchard, Robert Birsel Organizations: San Francisco, Marriott, REUTERS, Rights, Taiwan, American Institute, Thomson Locations: Burlingame , California, U.S, Rights TAIPEI, San Francisco, China, Taipei, Paraguay, New York, Taiwan, United States, Silicon, Taiwan Strait

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