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☆ U.S. Congress members demand answers on Andretti's exclusion from Formula 1
▼ + stars: | 2024-05-01 | by ( Sahil Kapur | ) www.cnbc.com time to read: +5 min

Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.

Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, —, that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin

☆ Ex-N.S.A. Employee Who Tried to Sell U.S. Secrets to Russia Gets 22 Years
▼ + stars: | 2024-04-30 | by ( Johnny Diaz | ) www.nytimes.com time to read: +1 min

A former employee of the National Security Agency who thought that he was selling top secrets to the Russians was sentenced on Monday to nearly 22 years in prison, prosecutors said. The former employee, Jareh Sebastian Dalke, 32, of Colorado Springs, was sentenced to 262 months, according to the U.S. Attorney’s Office for the District of Colorado. He pleaded guilty last year to six counts of attempting to transmit classified national defense information to a foreign agent. “This defendant, who had sworn an oath to defend our country, believed he was selling classified national security information to a Russian agent, when in fact, he was outing himself to the F.B.I.,” Attorney General Merrick B. Garland said in a statement. Cole Finegan, the U.S. attorney for the District of Colorado, said Mr. Dalke’s sentence “reflects the seriousness of the actions he took in attempt to injure our country and help a foreign government.”

Persons: Jareh Sebastian Dalke, General Merrick B, Garland, Cole Finegan, ” Organizations: National Security Agency, Attorney’s, District of, ” Locations: Colorado Springs, District of Colorado, Russian, U.S

☆ Jareh Dalke: Former NSA employee sentenced to almost 22 years for trying to sell secrets to Russia
▼ + stars: | 2024-04-29 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +2 min

CNN —A former National Security Agency employee was sentenced Monday to nearly 22 years in prison for attempting to sell classified information to Russia. The sentence demonstrates “that those who seek to betray our country will be held accountable for their crimes,” he added. The documents he shared included information on sensitive US defense capabilities, a threat assessment of a separate unnamed country and information on a US cryptographic program. To make the final exchange in September 2023, the agent instructed Dalke to go to a train station in Denver and send the documents over a secure connection, court documents say. Moments later, prosecutors say, Dalke was arrested by the FBI.

Persons: CNN —, Jareh Sebastian Dalke, General Merrick Garland, ”, Dalke, ” Dalke Organizations: CNN, National Security Agency, Army, NSA, FBI, ”, Prosecutors Locations: Russia, Colorado, Russian, Denver

☆ Opinion | Trump Is Flirting With Quack Economics
▼ + stars: | 2024-04-29 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

I wish people would stop calling Donald Trump a populist. He has, after all, never demonstrated any inclination to help working Americans, and his economic policies really didn’t help — his 2017 tax cut, in particular, was a giveaway to the wealthy. But his behavior during the Covid-19 pandemic showed that he’s as addicted to magical thinking and denial of reality as any petty strongman or dictator, which makes it all too likely that he might preside over the type of problems that result when policies are based on quack economics. Now, destructive economic policy isn’t the thing that alarms me the most about Trump’s potential return to power. Prospects for retaliation against his political opponents, huge detention camps for undocumented immigrants and more loom much larger in my mind.

Persons: Rudiger Dornbusch, Sebastian Edwards, wasn’t, “, Recep Tayyip Erdogan of, Donald Trump, he’s, Biden Locations: Latin America, Argentina, Venezuela, Recep Tayyip Erdogan of Turkey, United States

☆ A Connecticut home with a private FAA-approved airstrip and hangar has hit the market for $2.9 million. Take a look.
▼ + stars: | 2024-04-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

A three-bedroom, four-bathroom home has hit the market in Connecticut for $2.9 million. The home features the only FAA-approved private paved airstrip in the state. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementConnecticut's only home with an FAA-approved private paved airstrip is selling for $2.9 million. AdvertisementTake a look inside.

Persons: —, Barbara Hackman Franklin, Wallace Barnes, Ellen Sebastian Organizations: FAA, Service, Property, Business, of Commerce, Sotheby's International Realty Locations: Connecticut, Bristol

☆ Klarna scores major payment deal with Uber ahead of hotly anticipated IPO
▼ + stars: | 2024-04-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Rafael Henrique | SOPA Images | LightRocket via Getty ImagesKlarna on Wednesday announced a global partnership with Uber to power payments for the ride-hailing giant's Uber and Uber Eats apps. The partnership will see the Swedish financial technology firm added as a payment option in the U.S., Germany, and Sweden, Klarna said in a statement. In the U.S., Germany, and Sweden, Klarna will roll out its "Pay Now" option, which lets customers pay off an order instantly in one click, in the Uber and Uber Eats apps. The company will also offer an additional payment option for Uber users in Sweden and Germany which allows users to bundle purchases into a single, interest-free payment that gets taken out of their monthly salary. The firm recently launched a monthly subscription plan in the U.S. to lock in "power users" ahead of its anticipated IPO.

Persons: Rafael Henrique, Uber, giant's Uber, Klarna, Sebastian Siemiatkowski, Siemiatkowski, SoftBank Organizations: Getty, Wednesday, Klarna, Bloomberg News, CNBC, Nike, Instacart Locations: Swedish, U.S, Germany, Sweden, Ukraine

☆ Sebastian Steudtner says he has surfed the ‘unsurfable’ after drone technology measures 93.7-foot wave as world record
▼ + stars: | 2024-04-22 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —German surfer Sebastian Steudtner may have broken his own record for riding the biggest wave in history earlier this year. The monster wave in the famed surfing sport of Nazaré, Portugal was provisionally measured at 28.57 meters (93.72 feet), pending ratification. If confirmed, the wave would eclipse Steudtner’s current record of 26.21 meters (86 feet) set in 2020, also in the fishing village of Nazaré. Steudtner holds the record for the biggest wave ever surfed. “We were, for the first time, surfing the biggest waves in stormy conditions which were considered unsurfable.

Persons: Sebastian Steudtner, Steudtner, ”, “, Team Steudtner, Marcus Schmelz, Gigantes de Nazaré, Lucas “, ” Steudtner Organizations: CNN, CNN Sport, ” Porsche, Team, Porsche Engineering, Surf League, Quattro, Siemens Locations: German, Nazaré, Portugal

☆ Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump
▼ + stars: | 2024-04-22 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.

Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State

☆ Klarna's new credit card is a 'healthier alternative' to others, says CEO Sebastian Siemiatkowski
▼ + stars: | 2024-04-17 | 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 EmailKlarna's new credit card is a 'healthier alternative' to others, says CEO Sebastian SiemiatkowskiSebastian Siemiatkowski, co-founder and CEO of Klarna, joins CNBC's 'The Exchange' to discuss the launch of Klarna's new credit card, the potential for an IPO, and more.

Persons: Sebastian Siemiatkowski Sebastian Siemiatkowski

☆ Watch CNBC's full interview with Klarna CEO Sebastian Siemiatkowski
▼ + stars: | 2024-04-17 | 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 EmailWatch CNBC's full interview with Klarna CEO Sebastian SiemiatkowskiSebastian Siemiatkowski, Klarna co-founder and CEO, joins CNBC's 'The Exchange' to discuss Klarna's new credit card, consumer spending, and more.

Persons: Sebastian Siemiatkowski Sebastian Siemiatkowski, Klarna

CNN —A Russian missile strike killed and injured more than 70 people in the city of Chernihiv in northern Ukraine – an attack that could have been prevented if Ukraine was provided with better air defenses, President Volodomyr Zelensky said. At least 14 people were killed in the strike and 61 others were injured, including two children, Ukraine’s emergency services said. Russia’s strike comes after Zelensky has for months warned that Ukraine lacks the air defenses necessary to protect its skies. “This would not have happened if Ukraine had received a sufficient number of air defense systems and if the world’s determination to counter Russian terror had been sufficient,” Zelensky said. There must be equally sufficient determination from our partners and, as a result, sufficient support.”More than 70 people were killed and injured in the Russian strike.

Persons: Volodomyr Zelensky, Alina Mykolayets, Russia’s, Zelensky, ” Zelensky, “, Valentyn Ogirenko Organizations: CNN, Reuters, PBS Locations: Russian, Chernihiv, Ukraine, Kyiv, Russia

CNN —A lack of air defenses meant Ukraine was powerless to prevent a Russian airstrike last week that destroyed the biggest power plant in Kyiv region, President Volodomyr Zelensky said. Russia fired 11 missiles towards the Trypilska power plant, Zelensky said. We ran out of all missiles,” Zelensky told PBS NewsHour in an interview that aired Monday. Zelensky questioned why Israel has enjoyed such comprehensive support from NATO members despite not being a member of the alliance. The NATO allies, including NATO countries, have been defending Israel.

Persons: Volodomyr Zelensky, Zelensky, ” Zelensky, Zelenksy, Iran’s, wouldn’t, ”, Israel, Mike Johnson, Johnson, Anna Rose Layden Organizations: CNN, PBS, House Republicans, NATO, Conference, “ Locations: Ukraine, Kyiv, Russia, Ukrainian, United States, Israel, Iran, Jordanian, Taiwan, Washington ,

☆ Shoplifting's biggest enablers might be the retailers themselves
▼ + stars: | 2024-04-16 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

But Walmart, Target, and other chains's own policies and practices could be worsening the problem. From conflicting policies to understaffing, retailers can make it hard for workers to prevent theft. That's because major retailers, including Walmart, Target, and others, have policies that sometimes prevent their own staff from addressing shoplifting at their stores, current and former employees told Business Insider. Among the report's recommendations for retailers: Hire enough employees at stores, and make sure they aren't constantly overworked. Do you work at Walmart, Target, or another major retailer and have a story idea to share?

Persons: —, Rhea Gordon, Gordon, Lululemon, Calvin McDonald, Santino Burrola, Thea Sebastian, Hanna Love, Sebastian, Love, everything's Organizations: Walmart, Target, Service, Business, BI, CNBC, company's, Futures Institute, Brookings Locations: North Carolina, Colorado, California, Montana

☆ 5 in-demand freelance jobs you can do from home—some pay over $200 an hour
▼ + stars: | 2024-04-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

To help freelancers find the best opportunities, Freelancer.com has identified five in-demand freelance jobs, based on more than 250,000 listings posted on its database between January and March 2024. ProgrammingAverage hourly rate: $2502. eCommerce development and managementAverage hourly rate: $2503. This has sparked demand for other freelance services related to running an e-commerce site, Siseles points out, including user interface design and copywriting. Freelance jobs may last for part of a day, a week, a month, a year or even longer — and while some jobs are priced hourly, others might have a fixed project rate. To find out where the jobs are and list your own services, consider creating a profile on Upwork, Freelancer.com, Fiverr, TaskRabbit or a different website advertising freelance jobs.

Persons: —, Yoav Hornung, Freelancer.com, Sebastián Siseles Organizations: CNBC, MBO Partners Locations: U.S, Upwork

☆ How the U.S. government is regulating artificial intelligence
▼ + stars: | 2024-04-13 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Economists have worried for years that artificial intelligence could sink job prospects for white-collar workers, similar to the effects globalization has had on blue-collar workers in the past. In 2023, lawmakers in the New York State Assembly put forward a measure to limit the expected impact of tech-driven layoffs with robot taxes. Many economists have said that robot taxes, if used at all, should be set at a relatively low level. Watch the video above to learn more about the U.S. government's plan to regulate artificial intelligence.

Persons: Sebastian Siemiatkowski, Sora, Sam Altman, Erik Brynjolfsson, Brynjolfsson Organizations: CNBC, Force, European Union, Stanford Institute for, International Monetary Fund, New York State, Massachusetts Institute of Technology Locations: U.S, Brussels, United States

☆ 'Pretty privilege' in job interviews is a real thing, say experts. But you have more control than you realize.
▼ + stars: | 2024-04-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Read previewA TikTok creator who makes life and career advice content gave her top tip for job interviews in a recent video. "Pretty privilege" is a real thing in job interviews. We don't live in an ideal worldMcGoff told BI that in her video, she didn't mean that people should "look sexy" in a job interview. Women shouldn't be expected to wear makeup to a job interview, for example. McGoff said overall, it's just a good idea to advocate for yourself when walking into a job interview, and making an effort in the way that suits you.

Persons: —, Erin McGoff, McGoff, Robert I, shouldn't, Christian Lovell, Sebastian Morgan, it's Organizations: Service, Business, University of Buffalo

But in seeking recently to win Jewish voters’ support, Mr. Trump has repeatedly castigated American Jews who do not support his candidacy as insufficiently loyal to Israel. But as the humanitarian crisis within Gaza has extended past six months, Mr. Biden has increasingly taken a more critical stance toward Israel. After receiving swift criticism, Mr. Trump quickly pivoted to express support for the country’s right to defend itself. You have to get the job done.”And last week, Mr. Trump told Hugh Hewitt, a conservative radio host, that Israel was “losing the P.R. “Biden has totally lost control of the Israel situation,” Mr. Trump said.

Persons: Donald J, Trump, Biden, ”, Biden’s, James Singer, Trump’s, Donald Trump, ” Mr, Singer, Israel, Sebastian Gorka, “, Israel’s, Benjamin Netanyahu, you’re, Mr, Israel Hayom, You’re, Hugh Hewitt, “ Biden Organizations: Democratic, Democrat, Jewish, Democratic Party, Biden, White House, Israel Locations: Atlanta, Gaza, Israel, “ Israel, Israeli, U.S, Jerusalem

☆ World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists
▼ + stars: | 2024-04-10 | by ( Sammy Mncwabe | Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —World Athletics (WA) will become the first international sports governing body to award prize money to Olympic gold medalists starting at the Paris 2024 Games, the federation said in a statement on Monday. Athletes who win gold in each of the 48 track and field events in Paris will receive $50,000. Traditionally, Olympic medal winners don’t receive prize money as the event originated as an amateur competition. WA says it is committed to extending the bonus initiative to Olympic silver and bronze medalists at the Los Angeles 2028 Olympic Games. “It reflects World Athletics’ view that the athletes – our athletes make up 20% in numbers at an Olympic Games – should be recognized,” he said.

Persons: Sebastian Coe, ” Coe, Coe, ”, “ Organizations: CNN, Athletics, WA, Olympic, ” WA, Olympic Games, Los, Games, National Olympic Committee Locations: Paris

☆ Judge schedules Newsmax case over 2020 election lies for September trial
▼ + stars: | 2024-04-03 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

CNN —A judge has scheduled a major defamation case against right-wing cable channel Newsmax to go to trial in late September, putting the battle over 2020 election lies front-and-center at the peak of the 2024 campaign. A trial could have significant implications for the First Amendment and how journalists cover Trump’s election lies. The conservative network doesn’t attract a large audience like Fox News, but Newsmax’s ratings surged after the 2020 election. In addition to the Newsmax case, Smartmatic is also suing Fox News, the fringe far-right cable channel OAN and Trump allies like Rudy Giuliani and Mike Lindell, who peddled the same election lies. But there were delays in that case, creating an opening for the Smartmatic case.

Persons: CNN —, Donald Trump’s, Smartmatic, Joe Biden, Eric Davis, Davis, Newsmax, “ Newsmax, … Newsmax, ’, Trump’s, ”, Bill Daddi, Christopher Ruddy, Fox, Eric Bolling, Greta Van Susteren, Sebastian Gorka, Clinton, Dick Morris, Trump, Rudy Giuliani, Mike Lindell Organizations: CNN, Dominion Voting Systems, Trump, Delaware Superior Court, Dominion, Fox News, Fox, Trump White House Locations: Delaware Superior

☆ Images of Malaysian wild cats you’ve probably never heard of
▼ + stars: | 2024-04-01 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

It is most famous for its tiger population, but eight other species of wild cats also roam, such as the clouded leopard, the bay cat, and the flat-headed cat. Sebastian Kennerknecht/PantheraThese wild cats are notoriously elusive and, besides the tiger, understudied. Despite this, almost all Malaysia’s cat species are classified as endangered, vulnerable or near threatened, due to habitat loss, poaching and climate change. Roshan Guharajan, project coordinator for Panthera Malaysia, focuses on the Malaysian region of the island of Borneo, which is home to five species of wild cat. By monitoring the different species, Panthera is hoping to gather information on population sizes, range estimates and the threats that they face.

Persons: Sebastian Kennerknecht, Roshan Guharajan, ”, Guharajan Organizations: CNN, Malayan, IUCN, Malaysia, Global Forest Watch Locations: Sabah, Borneo, Malaysian, Malaysian Borneo, Malaysia, Asia

The noise is eerily reminiscent of Russian drone strikes on Ukraine, but this episode was recorded closer to Moscow than to Kyiv. As the object comes closer, it becomes clear: This is a Ukrainian drone, flying over Russian territory. Seconds later, the drone dives from the sky, smashing into a pipe-covered tower at a Russian oil refinery, exploding on impact. The strike on March 13, one of several on this facility alone, was part of a concerted Ukrainian effort to target Russian oil refineries with long-range drones. Ukrainian drones like these are now equipped with a basic form of Artificial Intelligence, according to a source close to Ukraine’s drone program.

Persons: CNN —, “, ”, Noah Sylvia, ” Sylvia, Reuters Chris Lincoln, Jones, ‘, we’ve, Helima Croft, ” Croft, Volodymyr Zelensky, Brent, Croft, Vasco Cotovio, they’re, Vasyl Maliuk, Putin Organizations: CNN, “, Royal United Services Institute, Reuters, Ukrainian Defense Intelligence, Security Service of Ukraine, Kyiv, Intelligence, Autonomy, RBC Capital Markets, Ukraine, Washington, RBC Locations: Ukraine, Moscow, Kyiv, Ukrainian, Ryazan, Ryazan region, Russia, British, ” Ukraine, United States, Washington

☆ Broke Gen Zers are skipping first dates and meeting each other virtually instead
▼ + stars: | 2024-04-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

However, virtual dating can't replace the chemistry and spark of an in-person meeting. Carlotta Cattelani, the UK country manager at the dating app Fruitz, told BI that meeting virtually makes dates more accessible. AdvertisementA virtual date is a less formal chance to see if your match is searching for the same things you are, Cattelani said. She warns that speaking virtually cannot entirely replace meeting someone in person, so FaceTime dates should be used sparingly. It's easier to be "catfished" on social media, she said, because virtual dates cannot replace the chemistry, body language, and eye contact you might experience in real life.

Persons: Gen Zers, —, Z, Tina Wilson, Zers, Wilson, takeout, they're, Eunice, They're, you've, I've, Baker, I'm, Carlotta Cattelani, Cattelani, it's, Sebastian Garrido, Carrie Berk, Berk Organizations: Service, Business, BI Locations: Toronto

☆ Dina Boluarte: ‘Rolex case’ sees Peruvian police raid presidential palace over leader’s 14 luxury watches
▼ + stars: | 2024-03-30 | by ( Claudia Rebaza | ) edition.cnn.com time to read: +3 min

CNN —Armed police raided Peru’s government palace and the private home of President Dina Boluarte in search of Rolexes and other luxury watches as part of a preliminary corruption inquiry. The probe was prompted by Peruvian news outlet La Encerrona’s investigation into Boluarte’s watches. After reviewing thousands of photographs of the President, La Encerrona determined that Boluarte owned at least 14 luxury watches. Peruvian media have since dubbed the incident the “Rolex case.”Boularte had denied any wrongdoing before the raid, saying anything she owned was a result of her hard work. Peru has in recent years been rattled by political instability, with president after president brought down by allegations of corruption or political malfeasance.

Persons: Dina Boluarte, La Encerrona, ” Boularte, “, ”, Mateo Castaneda, Castaneda, Boularte, Boluarte, Sebastian Castaneda, Gustavo Adrianzen, RPP, Eduardo Arana, Pedro Castillo, Castillo, Martin Vizcarra, Pedro Pablo Kuczynski, Ollanta Humala, Humala Organizations: CNN — Armed, Police, Reuters, RPP, Kuczynski Locations: Peruvian, Peru, Vizcarra’s

☆ Central Asian migrants face xenophobic backlash in Russia after Moscow terror attack
▼ + stars: | 2024-03-29 | by ( Sebastian Shukla | ) edition.cnn.com time to read: +10 min

The men had been in Russia as migrant workers on either temporary or expired visas, authorities said. But in the days since, that emotion – combined with the disturbing videos – appears to have unleashed a wave of xenophobia from some towards Central Asian migrant workers in general. Her organization offers legal assistance to migrants looking for help in Russia, often on a pro bono basis. We need to spread the word.”A user in another channel, with 200,000 followers, suggested there was no space for anyone to feel sorry for migrants in Russia. According to Umerov, there are some 7 million migrants in Russia, of whom around 80% are from Central Asia.

Persons: Moskovsky, “ I’m, Vladimir Putin, Shamsidin, Dalerdzhon Mirzoyev, Muhammadsobir Fayzov, Yulia Morozova, Putin, ”, ‘ It’s, Valentina Chupik, Tong Jahoni, Temur Umerov, don’t, ” Umerov, Umerov, Emomali Rahmon, “ Putin Organizations: CNN, Moscow’s Crocus, Central, Crocus City Hall, Reuters, Soviet, Kazakhstan —, Human Rights Watch, Central Asia, Carnegie Russia Eurasia Center, Hall, Russian, Kyrgyz Foreign Ministry, European Bank for Reconstruction, “, Institute of Economics, Russian Academy of Sciences, ISIS, Kremlin Locations: Moscow’s Crocus City, Tajikistan, Soviet, Central Asia, Russia, Ivanovo, Russian, Crocus, Uzbekistan, Kyrgyzstan, Turkmenistan, Kazakhstan, Illinois, Moscow, Central, Berlin, Ukraine, Kyrgyz, Tashkent, Western

☆ Why we don't actually know whether retail theft is a big problem
▼ + stars: | 2024-03-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

But a new report suggests we don't know whether organized retail crime is a big problem or not. "Organized retail crime," "retail theft," and similar terms don't correspond with categories that local police departments use to categorize crimes, Hanna Love, a fellow at Brookings, told Business Insider. It's unclear what makes organized retail crime "different than, say, other instances of shoplifting" from a data perspective, Love said. The NRF has said that it took back the estimate due to an error by an outside analyst who contributed to its report on organized retail crime. About fourteen states passed new laws on retail theft in 2022 and 2023, Stateline reported in December.

Persons: —, Hanna Love, Love, James Kehoe, William Blair, Target's, it's, Sebastian, Stateline Organizations: Walmart, Walgreens, Service, Target, National Retail Federation, Brookings Institution, Brookings, Retail, The New York Times Locations: States, Brookings, San Francisco, Indiana, Fairfax , Virginia

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