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☆ 505 OpenAI employees threaten to quit after Altman fired and his successor was replaced
▼ + stars: | 2023-11-20 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

In a letter obtained by CNN, the more than 500 employees accused the OpenAI board of mishandling Altman’s firing, failing to provide sufficient evidence for claims that Altman had not been candid with the board, and “negotiating in bad faith” with the company’s executive leadership. “Your actions have made it obvious that you are incapable of overseeing OpenAI,” wrote the employees. Murati’s promotion has since been superseded by the appointment of incoming interim CEO Emmett Shear, the 40-year-old co-founder of the livestreaming company Twitch. “Microsoft has assured us that there are positions for all OpenAI employees,” the letter added. After Sutskever posted his message to X, Altman amplified the apology by quote-posting it.

Persons: Sam Altman, Altman, “, ”, reinstates Altman, Greg Brockman, Mira Murati, Ilya Sutskever, OpenAI’s, Murati’s, Emmett Shear, Sutskever, we’ve, Adam D’Angelo, Tasha McCauley, Helen Toner, Altman’s Organizations: CNN, Microsoft, Georgetown University’s Center for Security, Emerging Technology Locations: OpenAI

☆ Fear that AI could one day destroy humanity may have led to Sam Altman's (potentially brief) ouster from OpenAI
▼ + stars: | 2023-11-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Fears over the speed of AI development at OpenAI may have sowed discord within its top ranks. Some OpenAI board members may have disagreed with Altman's approach to AI innovation. OpenAI cofounder Ilya Sutskever has long called for caution due to concerns AI could harm humanity. AdvertisementSam Altman's possibly brief dismissal from OpenAI has exposed a schism between the company's top leaders over how to curb the existential threat posed by AI. OpenAI's board has not offered any more details on what led them to fire Altman beyond noting that they had "lost confidence" in him and that he was not "consistently candid" in communications.

Persons: Ilya Sutskever, —, Sam Altman's, OpenAI, Altman, Mayoshi, Sutskever, — Helen Toner, who's, Tasha McCauley —, Dario Amodei, that's, Elon Musk, Tesla Organizations: Service, The New York Times, Georgetown University's Center for Security, Emerging Technology, Wired Locations: OpenAI

REUTERS/Evelyn Hockstein Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - The Federal Reserve's top bank watchdog defended its push to overhaul capital requirements, saying they would have a minimal impact on borrowing costs and make the industry more stable. Michael Barr, the Fed's vice chair for supervision, told a conference in New York on Friday that the so-called "Basel endgame" proposal is mainly focused on raising capital requirements for activities like trading, rather than lending. "Normally, we issue a proposal and then we get very detailed commentary, and we take those comment letters into account." Banks have loudly complained about the proposal, which overhauls how banks gauge their risk and require them to set aside more capital. Industry executives said the draft rules would force them to raise costs and potentially curb lending.

Persons: Michael Barr, Evelyn Hockstein, Banks, Barr, Pete Schroeder, Lananh Nguyen, Chizu Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Federal, Bank, National Football League, Industry, Thomson Locations: Washington , U.S, New York

The San Diego Zoo sent its pandas home in 2019 and the last bear at the Memphis, Tennessee, zoo went home earlier this year. Whatever the reason, San Diego Zoo officials were hopeful. "It is a moment with some heartbreak in it,” National Zoo Director Brandie Smith said at the time. The San Diego Zoo has been panda-less for four years and may need to upgrade or refurbish its facilities. The National Zoo had announced plans to renovate its panda house and outdoor enclosure, but the timing on those plans is unclear.

Persons: —, Xi Jinping, Xi, Mei Xiang, Tian Tian, Xiao Qi Ji —, ”, Daniel Ashe, ” Dennis Wilder, ” Wilder, Wilder, Gavin Newsom's, Xi’s, Paul A, Baribault, Ling, Hsing, Brandie Smith, Le Le, Didi Tang, Amy Taxin Organizations: WASHINGTON, San Diego Zoo, National Zoo, Atlanta Zoo, Veteran, Economic Cooperation, Association of Zoos, Aquariums, Georgetown University’s Initiative, U.S, California Gov, San Diego Zoo Wildlife Alliance, “, Zoo, Associated Press Locations: America, California, San Diego, U.S, Memphis , Tennessee, China, Veteran China, People's Republic, Asia, San Francisco, United States, Washington, Memphis, Santa Ana , California

Experts say new steps China has agreed to will eventually reduce the flow of the deadly opioid fentanyl into the U.S., but that alone will not stem the overdose crisis killing Americans at a record rate. Synthetic opioids are now the biggest killers in the deadliest drug crisis the U.S. has ever seen. More than two-thirds of those deaths — more than 200 per day — involved fentanyl or similar synthetic drugs. It's in counterfeit pills and cocaine, in some cases causing overdoses in people who have no idea that they're using fentanyl. A growing number of places are allowing drug screening kits so users can find out if their drugs include fentanyl.

Persons: Joe Biden, Xi Jinping, ”, Adam Wandt, “, Wandt, Kevin Roy, ” Roy, Rahul Gupta, it’s, Donald Trump, It's, Xi, ” Biden, Xi’s, Wang Wenbin, they're, we’re, Regina LaBelle, Biden, Andres Manuel Lopez, LaBelle, Didi Tang Organizations: John Jay College of Criminal, of National Drug Control, U.S . Centers for Disease Control, San Francisco Wednesday, Chinese Foreign Ministry, International Narcotics, U.S, Georgetown University’s O’Neill, Associated Locations: China, U.S, California, America, Mexico, U.S . China, San Francisco, United States

Lai, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has almost consistently led opinion polls ahead of an election taking place amid increased Chinese pressure on Taiwan to accept Beijing's sovereignty claims. Vincent Chao, spokesperson for the Lai campaign, declined to comment on Hsiao's role but said an announcement on a running mate would be made on Monday. Randall Schriver, the former U.S. assistant secretary of defense for Indo-Pacific Security Affairs, described Hsiao as a "good partner in promoting U.S.-Taiwan relations." The DPP-led government says only Taiwan's people can decide their future, and has repeatedly offered talks with Beijing but been rebuffed. Like Lai, Hsiao is detested by China, which has on two occasions placed sanctions on her, most recently in April, saying she is an "independence diehard".

Persons: Lai Ching, Lai, Democratic Progressive Party's, Hsiao, Vincent Chao, Ivan Kanapathy, Randall Schriver, Chen Shui, Ben Blanchard, Yimou Lee, Michael Martina, Gerry Doyle Organizations: Democratic Progressive, APEC, Asia, U.S . National Security Council, Reuters, Georgetown University, Patriot, Pacific Security Affairs, U.S, DPP, Taiwan Affairs Office, Thomson Locations: TAIPEI, United States, Washington, Taiwan, San Francisco, U.S, Taipei, Ukraine, China, Beijing, Japan

“President Biden this coming week will be doing a lot more than just meeting with President Xi,” White House national security adviser Jake Sullivan told reporters in Washington on Monday. White House officials say they are cognizant that fellow APEC nations want to see better dialogue between the U.S. and China because it reduces the risk of regional conflict. Biden on Monday welcomed Indonesian President Joko Widodo, a fellow APEC leader, to the White House for talks before both travel to San Francisco. Israel's retaliatory operations in Gaza have killed more than 11,000, sparking outrage from a slew of world leaders. The stopgap measure excludes the roughly $106 billion funding requested by Biden for Israel, Ukraine and the U.S. border with Mexico.

Persons: Joe Biden, Xi Jinping, Xi, what's, Biden, Russia's, “, Jake Sullivan, Donald Trump, Obama, ”, Neils Graham, Joshua Kurlantzick, TPP, Trump, Joko Widodo, “ We’re, Matt Murray, Fumio Kishida, Yoon Suk Yeol, Ferdinand Marcos, Jr, Mike Johnson, Sullivan, ” Sullivan, ___ Long, Josh Boak, Chris Megerian, Darlene Superville, Zeke Miller Organizations: FRANCISCO, Economic Cooperation, U.S, Republican, House, White, APEC, Economic Forum, Pacific Partnership, Atlantic Council GeoEconomics, Southeast, Council, Foreign Relations, Biden, Administration, Indonesian, The, Office, Georgetown University, Hamas, Associated Press Locations: Asia, Pacific, United States, San Francisco, China, Israel, Washington, Beijing, U.S, Southeast Asia, Japan, South Korea, Gaza, Indonesian, Ukraine, Japanese, South, Philippine, Philippines, South China, Mexico

REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.

Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana

Companies United States Senate FollowWASHINGTON, Nov 13 (Reuters) - A group of 39 Senate Republicans in a letter on Monday called on major U.S. banking regulators to withdraw a contentious proposal to significantly raise bank capital requirements, warning it could hinder lending and harm the economy. Regulators said stronger cushions will guard against future unforeseen risks, and cited the failures earlier this year of three large U.S. lenders as a warning. * Regulators have said they are continuing to gather data for the proposal, and have given firms more time to provide feedback. * Senator Tim Scott, the top Republican on the Senate Banking Committee and a former presidential candidate, and Senate Minority Leader Mitch McConnell were among the senior Republicans in the chamber to sign Monday's letter. WHAT'S NEXTU.S. banking regulators are due to testify before the Senate Banking Committee on Tuesday, when they are expected to be pressed on the proposal by Republicans.

Persons: Banks, Tim Scott, Mitch McConnell, Pete Schroeder, Paul Simao, Jonathan Oatis Organizations: United States, WASHINGTON, Republicans, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Regulators, Republican, Senate Banking Committee, Fed, OCC, NEXT, Thomson Locations: Basel

☆ 3 podcast episodes to help you be more productive today—including 1 that'll increase your productivity by 90%
▼ + stars: | 2023-11-11 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

Looking online for productivity hacks, though, you'll find lots of advice on screen blockers and apps that help you multi-task or focus. Here are three podcast episodes that detail expert-recommended systems you can implement today that will help you get more done. He suggests four interdependent tools that will help you be more productive: Have a calendar you update diligently. In the episode, Newport expands on how best to utilize these tools and why, together, they can improve your productivity. '1-3-5 Rule That'll Increase Your Productivity by 90%' on Bright Side

Persons: Andee Tagle, Oliver Burkeman, Burkeman, Cal Organizations: Management, Cal Newport, Georgetown University Locations: Newport

China's foreign ministry said on Friday the lender is striving to minimise risk impact and losses after the attack. "We don't often see a bank this large get hit with this disruptive of a ransomware attack," said Allan Liska, a ransomware expert at the cybersecurity firm Recorded Future. TRADES CLEAREDICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. Some market participants said trades going through ICBC were not settled due to the attack and affected market liquidity. The Treasury market appeared to be functioning normally on Thursday, according to LSEG data.

Persons: Kim Kyung, ICBC, Wang Wenbin, Wang, Lockbit, Allan Liska, Scott Skrym, Michael Gladchun, Loomis Sayles, SIFMA, Urvi, Pete Schroder, Gertrude Chavez, Davide Barbuscia, Carolina Mandl, Paritosh Bansal, Joe Cash, Stephen Coates, Tomasz Janowski Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, Commercial Bank of China's, U.S . Treasury, ICBC Financial Services, Cybersecurity, Infrastructure Security Agency, Boeing, U.S . Treasury Department, Treasury, Securities, Financial Times, U.S . Securities Industry, Financial Markets Association, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington, Carolina

Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsCompanies Industrial and Commercial Bank of China Ltd FollowNov 9 (Reuters) - A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the U.S. Treasury market on Thursday, the Treasury Department said. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. The Financial Times reported earlier on Thursday that the U.S. Securities Industry and Financial Markets Association (SIFMA) told members that ICBC (601398.SS) had been hit by ransomware that disrupted the U.S. Treasury market by preventing it from settling trades on behalf of other market players. We continue to monitor the situation," a Treasury spokesperson said in a response to a question about the FT report.

Persons: Kim Kyung, Urvi, Pete Schroder, Zeba Siddiqui, Alexander Smith, Michelle Price, Lisa Shumaker Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, U.S . Treasury, Treasury Department, Financial Times, U.S . Securities Industry, Financial Markets Association, Treasury, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington

REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - The U.S. regulator charged with overseeing the Federal Home Loan Banks said in a report on Tuesday the system is overdue for an overhaul in its mission and structure. The Federal Housing Finance Agency emphasized in the report that there needs to be a clearer distinction between the purpose of the FHL banks and the Federal Reserve, which is the primary emergency lender for banks. The agency said FHL banks were created by Congress in 1932 to provide liquidity to banks for affordable housing and other economic development. Tuesday's report was the culmination of a year-long project by the agency to review the FHL banks. FHL Banks are 11 regional government-chartered institutions that raise money for low-cost lending to their members.

Persons: Sarah Silbiger, Loan Banks, Banks, Ryan Donovan, Pete Schroeder, Aurora Ellis Organizations: REUTERS, Rights, Federal, Loan, Federal Housing Finance Agency, Federal Reserve, of Federal Home Loan, Thomson Locations: Washington , U.S, U.S

☆ ‘Morning in America’ Eludes Biden, Despite Economic Gains
▼ + stars: | 2023-11-07 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

Mr. Reagan’s appeals worked in part because Americans had just endured more than a decade of persistently high prices and high interest rates. Economists and historians generally agree that voters came to see the progress under Mr. Reagan as relief from a long, difficult period. Voter psychology is very different under Mr. Biden. Those mortgage rates Mr. Reagan trumpeted? The difference is that under Mr. Reagan, rates fell, and under Mr. Biden, they’ve gone up.

Persons: Reagan, Reagan’s, Biden, Biden’s, they’ve, ”, Francesco D’Acunto, D’Acunto Organizations: Georgetown University’s McDonough School of Business, White House Council, Economic Locations: America

[1/2] Republican U.S. presidential candidate Florida Governor Ron DeSantis and Iowa Governor Kim Reynolds display "Get Shit Done" mugs during a "Fair-Side Chat" at the Iowa State Fair in Des Moines, Iowa, U.S., August 12, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Nov 5 (Reuters) - Iowa Governor Kim Reynolds will endorse Florida Governor Ron DeSantis's bid to be the Republican nominee in the 2024 presidential race on Monday, according to a source familiar with the matter. An endorsement from Reynolds could be a critical boost for DeSantis, who has fallen far behind former President Donald Trump in the race for the 2024 Republican presidential nomination. The DeSantis campaign and Reynolds's office did not respond to requests for comment. Reynolds will appear at a DeSantis rally in Des Moines, Iowa, on Monday at 6 p.m.

Persons: Ron DeSantis, Kim Reynolds, Evelyn Hockstein, Ron DeSantis's, Reynolds, Donald Trump, DeSantis, Trump, Pete Schroeder, Gram Slattery, Lisa Shumaker Organizations: Republican U.S, Florida, Iowa, Fair, REUTERS, Rights, Republican, DeSantis, NBC News, Trump, NBC, Thomson Locations: Iowa, Des Moines , Iowa, U.S

☆ Opinion | Do Today’s Students Lack Ethics?
▼ + stars: | 2023-11-04 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Moral Deficiencies of a Liberal Education,” by Ezekiel J. Emanuel (Opinion, Oct. 22):In my upper-level Georgetown University ethics course, “Ethics of Global Leaders,” a discussion of the conflict between Hamas and Israel devolved into chaotic and accusatory yelling. There were high emotions, but almost no discussion of practical ethics. Little was learned because students, billed as the world’s future leaders, lacked a moral vocabulary, one strong in substance and cognizant of nuance, to discuss the situation. Fixing this will take time, but it starts with instilling a moral vocabulary through embracing disagreement. Students must learn to discuss, not disregard, the opinions of those whom they vehemently disagree with.

Persons: ”, Ezekiel J, Emanuel, Little, Dr Organizations: Liberal Education, Georgetown University, Global Locations: Israel

Both changes to the process for designating a non-bank as a "systemically important financial institution," or SIFI, were proposed in April. Friday's vote reversed a Trump administration policy that regulators should police risky activities rather than single out individual firms. Under the revamped process, FSOC will identify potential SIFIs based on existing information and give the company a chance to respond. Similarly, the Managed Funds Association, which represents hedge funds, said non-banks do not pose the same risks as banks. "The guidance imposes a black box designation process that introduces uncertainty for market participants," said MFA President and CEO Bryan Corbett.

Persons: Brendan McDermid, Donald Trump, FSOC, Trump, Janet Yellen, Eric Pan, Bryan Corbett, Barack Obama, Ian Katz, Pete Schroeder, Chris Reese, Michelle Price, Richard Chang Organizations: Wall, REUTERS, WASHINGTON, Treasury Department, U.S . Federal, BlackRock, Bridgewater, Investment Company Institute, Association, MetLife, Inc, General Electric Capital Corporation, American International Group, Prudential Financial, Capital Alpha Partners, Carolina, Thomson Locations: New York, U.S, BlackRock, Bridgewater

☆ Sam Bankman-Fried tried to pin his fraud scheme on his closest friends. Then they turned on him for it.
▼ + stars: | 2023-11-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +12 min

A jury found Sam Bankman-Fried guilty in his fraud trial over the collapse of FTX. One by one, his friends flipped to work with the prosecution and threw Bankman-Fried under a much bigger bus. That's how a jury found him guilty of seven counts in his federal fraud trial in downtown Manhattan on Thursday evening. AdvertisementAdvertisementSingh, for example, testified he was "blindsided and horrified" when he found out in November that Alameda had used FTX customer money. The sentencing schedule may depend on a second criminal trial Bankman-Fried faces for alleged illegal campaign contributions.

Persons: Sam Bankman, Fried, SBF, —, FTX, –, Nicolas Roos, Jim Angel, Angel, Caroline Ellison, Gary Wang, Nishad Singh, Bankman, Singh, blindsided, Ellison, Sam, Eduardo Munoz Alvarez, Wang, Singh —, Mark Cohen, Cohen, who'd, Adam Yedidia, Sun, deflating, they're, Chelsea Jia Feng, Danielle Sassoon, Roos Organizations: Service, Prosecutors, MIT, Georgetown, Financial Markets, Alameda, Bankman Locations: FTX, Alameda, Manhattan, Bankman

☆ In Israel-Gaza War, Recycled Images From Past Conflicts Can Undercut True Toll
▼ + stars: | 2023-11-02 | by ( Angelo Fichera | ) www.nytimes.com time to read: +3 min

In a video circulating online meant to convey the horrors of the war between Israel and Hamas, a small boy wails, his face caked in dust. Yet the boy’s cries actually rang out hundreds of miles away, in Syria, nearly a decade before Israel’s bombing campaign in Gaza over the past three weeks. “It’s horrifying.”Among the popular images and videos supposedly illustrating the human toll of the war: A heap of dead children swaddled in white, described as Palestinians killed by Israeli forces. A teenage girl being beaten by a mob and fatally lit on fire, promoted as proof of the ruthlessness of Hamas. Mr. Katan worked for the Aleppo Media Center, a group of antigovernment activists and citizen journalists, and is now based in Germany.

Persons: wails, sobs, ”, Elisa Massimino, “, Hosam Katan, Katan Organizations: Hamas, Israel, Human Rights, Georgetown University, Aleppo Media Locations: Israel, Gaza, Syria, ”, Tajikistan, Guatemala, Aleppo, Germany

It’s time to pick health coverage for next year on the Affordable Care Act’s insurance marketplaces, and experts caution against focusing your choice on price alone. Here are some things to consider when assessing marketplace plans. Many people who haven't shopped on the marketplace don’t know that they can get this help, according to Jeremy Smith, who directs West Virginia’s health insurance navigator program. “They’re just used to having health coverage … and it covers everything.”Plans also can come with annual out-of-pocket maximums higher than $9,000 for individuals and $18,000 for families. “The good news is a lot of people who’ve been in Medicaid will likely qualify for these cost-sharing reductions,” said Sabrina Corlette, co-director of Georgetown University’s Center on Health Insurance Reforms.

Persons: haven't, Jeremy Smith, ”, ” Smith, “ They’re, who’ve, Sabrina Corlette, “, Cynthia Cox, HMOs, Kelly Fristoe, Smith Organizations: Medicaid, Shoppers, Georgetown University’s Center, Health, KFF, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Wichita Falls , Texas

Birds in North America will no longer be named after people, the American Ornithological Society announced Wednesday. “There is power in a name, and some English bird names have associations with the past that continue to be exclusionary and harmful today,” the organization's president, Colleen Handel, said in a statement. “Everyone who loves and cares about birds should be able to enjoy and study them freely.”Rather than review each bird named after a person individually, all such birds will be renamed, the organization announced. She said heated discussions over bird names have been happening within birdwatching communities for the past several years. And a group called Bird Names for Birds sent a petition to the ornithological society urging it to “outline a plan to change harmful common names” of birds.

Persons: Colleen Handel, Alexander Wilson, John James Audubon, John P, McCown, “ I'm, ”, Emily Williams, Susan Bell, Christian Cooper, Amy Cooper, Cooper, birdwatchers Organizations: American Ornithological Society, Confederate Army, Georgetown University, National Audubon Society, National Audubon Society's, Audubon, Birds, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, U.S, Canada, ”, New

☆ Why Hasn’t Israel Invaded Gaza?
▼ + stars: | 2023-10-27 | by ( Cecelia Smith-Schoenwalder | ) www.usnews.com time to read: +9 min

While Israel has performed raids in Gaza, the larger ground invasion hasn’t happened, and the delay could expose further challenges for Israel’s operations. Additionally, the Biden administration has raised concerns that Israel lacks achievable military goals in Gaza, and the delay could help the country refine its objectives. So far, outside interests have remained mostly on the sidelines of the conflict, but a ground invasion could change that. There has also been some speculation that the ground invasion could be more limited in scope than what has been imagined so far. But waiting any longer for a ground invasion could create a dilemma for Israel: waning international support.

Persons: It’s, ” Natan Sachs, Benjamin Netanyahu, John Kirby, Israel, We’re, we’re, ” Kirby, Joe Biden, “, ”, Biden, doesn't, Ian Hurd, it's, ” Biden, ” Dan Byman, Hossein Amirabdollahian, Jonathan Conricus, Byman, Kirby, We’ve Organizations: Hamas, Brookings Institution, Pentagon, United, United Arab Emirates, White, National Security, Israeli Defense Forces, Northwestern University, Street, Iran’s Quds Force, Quds Force, Center for Strategic, International Studies, ” Iran's, United Nations, General, Israel Defense Forces, ABC Radio Melbourne, Israel, Georgetown University’s School of Foreign Service Locations: Gaza, U.S, Israel, Iraq, Syria, Kuwait, Jordan, Saudi Arabia, United Arab, Iran, The U.S, Tehran, Iran’s Quds, Beirut, Palestine, United States

The scheduled Fed board meeting will mark the first time in over a decade that the central bank has proposed revising the fees, which generated around $24.31 billion for lenders in 2019, the most recent Fed data shows. The Fed has not said how it plans to change the fees, which have long been criticized by retailers as disproportionately high, and a spokesman for the central bank declined to comment. The Wall Street Journal reported last week that the Fed will lower the caps, sending shares in credit card companies Visa V.N and Mastercard MA.N lower. In 2011 the central bank capped them at 21 cents per transaction, plus 0.05% of the transaction cost. Analysts said that it is likely the Fed could face a legal challenge from either industry if it pursues new caps.

Persons: Austen Jensen, Dodd, Frank, Banks, TD Cowen, Jaret Seiberg, Pete Schroeder, Michelle Price, Aurora Ellis Organizations: U.S . Federal, Fed, Retail Industry, Association, Street, Visa V.N, Mastercard MA.N, Thomson

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

☆ FTC plans to hire child psychologist to guide internet rules
▼ + stars: | 2023-10-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday. FTC Chair Lina Khan backs the plan, Bedoya told the outlet, adding that he hopes it can become a reality by next fall, though the commission does not yet have a firm timeline. Surgeon General issued an advisory in May that young people's social media use poses significant mental health risks. Bedoya told The Record that it's "absolutely part of that tradition of systematically expanding our expertise." "If someone is making an allegation about mental health harms, I have no full-time staff who are experts in the psychology of it."

Persons: Alvaro Bedoya, Lina Khan, Bedoya, Douglas Farrar, I've, Aspen Institute's Vivian Schiller Organizations: Federal Trade Commission, Democratic, FTC, CNBC, ., U.S, Privacy, Technology, Georgetown University Law Center, Aspen Locations: Federal, U.S

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