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☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ US lawmakers urge FTC to finalize new consumer protections for car buyers
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 21 (Reuters) - A group of 17 Democratic U.S. lawmakers on Wednesday urged the Federal Trade Commission to finalize new consumer protections for car buyers despite objections from auto dealers who argue the rules would actually raise the cost of buying a car. They argued that "unfair and deceptive practices involving motor vehicle dealers have widespread consequences." The lawmakers said the FTC should require dealers to provide a legally enforceable "Offering Price" "that includes all pre-installed and mandatory add-on products" and finalize regulations prohibiting specific misrepresentations, among other reforms. The FTC wants to ban fees for add-on products and services that provide no consumer benefits like "nitrogen-filled" tires that contain no more nitrogen than normal air. "Dealers also pack vehicle sales with mandatory and price-inflated add-ons, increasing the cost and creating further confusion and uncertainty about a vehicle’s ultimate price," the lawmakers wrote.

Persons: Ed Markey, Ron Wyden, Cory Booker, Brian Schatz, Elizabeth Warren, Richard Blumenthal, Pramila Jayapal, David Shepardson, Chris Reese, David Gregorio, Leslie Adler Organizations: Democratic U.S, Wednesday, Federal Trade Commission, FTC, Reuters, National Automobile Dealers Association, Center for Automotive Research, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Thomson

☆ Lab crunch: British science has nowhere to go
▼ + stars: | 2023-06-20 | by ( Kate Holton | ) www.reuters.com time to read: +9 min

Property consultants Bidwells put demand for lab space in Cambridge at 1.19 million square feet (110,000 square metres) - but only 7,000 sq ft are available. That has led to an explosion in venture capital, with much of it coming from the United States. Michael Chen moved to Cambridge from the United States in 2012 to do a doctorate in chemistry. She leads a joint venture between Oxford University and Legal & General (LGEN.L) to build lab space and homes. Pioneer Group, which provides funding and lab space in Britain, said action was needed now to address the "crazy" demand.

Persons: Zoe, Toby Melville OXFORD, Ros Deegan, Catherine Elton, Bidwells, Elton, Deegan, Diarmuid O'Brien, Rishi Sunak's, Gordon Sanghera, Michael Chen, Artem Korolev, Anna Strongman, Strongman, Glenn Crocker, Alistair Cory, Qkine's Elton, Kate Holton, Toby Melville, David Clarke Organizations: University of Oxford, Science, REUTERS, European Union, Therapeutics, McKinsey, Oxford, Cambridge Enterprise, U.S, Oxford Nanopore Technologies, Reuters, Company, Cambridge, PACE, Laboratory, Oxford University, Legal, Thomson Locations: Kidlington, Oxford, Britain, England, Cambridge, United States, London, U.S, France, Boston, North America, Europe, Asia, China

☆ Senate Judiciary advances journalism bargaining bill targeting Big Tech
▼ + stars: | 2023-06-15 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —The Senate Judiciary Committee advanced legislation on Thursday that would give news organizations the power to jointly bargain against Meta, Google and other online platforms for a greater share of online advertising revenue. One member of the committee, California Democratic Sen. Alex Padilla, voted against the bill Thursday and vowed to block any future floor vote on the legislation until lawmakers make several changes. Padilla said the legislation doesn’t do enough to ensure that actual journalists in local newsrooms will benefit from the bargaining, as opposed to hedge funds and publication owners. “This bill is not about whether or not you like social media,” Kennedy said. “This bill is not about whether or not you like what is happening in American news media today.

Persons: Minnesota Democratic Sen, Amy Klobuchar, Louisiana Republican Sen, John Kennedy, Google didn’t, California Democratic Sen, Alex Padilla, Padilla, ” Padilla, Padilla’s, Democratic Sens, Jon Ossoff, Peter Welch, Cory Booker, Kennedy, Klobuchar, —, ” Klobuchar, ” Kennedy, ” Organizations: Washington CNN, Committee, Meta, Google, Minnesota Democratic, Louisiana Republican, California Democratic, Democratic Locations: Louisiana, Australia, California

☆ Opinion | America Has a Chance to Make Farming More Climate Friendly
▼ + stars: | 2023-06-12 | by ( Robert B. Semple Jr. | ) www.nytimes.com time to read: +14 min

Why, when we think of climate change, do we think of big oil, not big ag; Exxon and not Tyson? It’s time you met the big ag lobby, one of the most powerful influences on policy in America. But when we started digging into the big ag lobby, we discovered it’s basically — “The most powerful lobby on Capitol Hill. So the big ag lobby has one key aim — block environmental regulation. I absolutely envy how good these lobbyists are at their job.” It’s outrageous what the big ag lobby has gotten away with.

Persons: “, Peter Lehner, He’s, I’m, It’s, Tyson, Jennifer Jacquet, She’s, Peter, she’s, ”, Zippy Duvall, “ —, John Boehner, —, You’ve, Waxman, Markey, Obama, American Farm Bureau Federation didn’t, ” —, JBS, don’t, they’re, Chuck Schumer, Cory Booker, I’ve, they’ve Organizations: Agriculture, ExxonMobil, Shell, Exxon, Washington , D.C, American Farm Bureau Federation, Capitol, U.S . Farmers, Tyson, New York Times, Republican, Senate’s Agriculture, pharma Locations: America, United States, Lake Erie, U.S, China, Washington ,, Kyoto, Senate’s

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin whipsaws after SEC sues Coinbase and Binance in two-day span: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cory Klippsten, the CEO of Swan Bitcoin, discusses the impact of the SEC's continued crackdown on crypto exchanges.

Persons: Coinbase, explainers, Cory Klippsten, Swan Bitcoin Organizations: SEC, CNBC Crypto, CNBC

☆ Bombing of herders highlights deadly air attacks by Nigerian military
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +19 min

The letter said the Nigerian Air Force is committed to human rights and “further deliberations” on the issue, according to the report. “The absence of details raises the question of whether the air force carried out the air strike based on mere suspicion,” Human Rights Watch said. The U.S. State Department and the Pentagon had no immediate comment about the airstrike or the U.S. relationship with the Nigerian Air Force. Before now, neither the Nigerian government nor the military had provided any public explanation for what happened on Jan. 24. ACLED data show Nigerian Air Force strikes continued to claim the lives of noncombatants, inside and outside the northeast.

Persons: Ibrahim Muazu, “, ACLED, D.D, Pwajok, ”, Sara Jacobs, herdsmen, Oladayo Amao, Amao, “ miscreants, Muhammadu Buhari, Bola Tinubu, Jan, Muazu, Lamido, Nigeria’s, Sanusi, Buhari, Rand Paul, Cory Booker, Rex Tillerson, Lai Mohammed, Jacobs, Jim Risch, Chris Smith, Antony Blinken, Biden, Risch, brazenly “, ” Abubakar Bello Rukubi, ” “, Yemi Osinbajo, cc’d, Samuel Ortom, herder, ” Muazu, Humeyra Pamuk, Daphne Psaledakis, Idrees Ali, Jarrett Renshaw, David Lewis, Reade Levinson, Simon Newman, Catherine Tai Design, Eve Watling, Julie Marquis, Alexandra Zavis Organizations: herder, Reuters, Air Force, Nigerian Air Force, Human Rights Watch, Air, Rights Watch, Ministry of Defence, Nigerian Air, House Foreign Affairs, ” Reuters, ACLED, Planet Labs PBC, U.S . State Department, Pentagon, ”, Muazu, Congress, San Frontieres, Republican, Punch, UK, Nigeria –, Systems, U.S, Super, International, Development, Rights Initiative, Benue State Livestock Guards, Human Rights, Daily Trust, Nigeria’s Locations: Nigerian, Nasarawa, Akwanaja, United States, U.S, Nigeria, California, Kano, Rann, Cameroonian, Zamfara, “, Benue, ” Benue, London, Makurdi, Naka, Washington, Philadelphia

☆ Adobe's new AI Photoshop tool could save photographers hours of editing time by instantly extending images and adding new elements
▼ + stars: | 2023-05-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Adobe has launched a generative AI tool into Photoshop for the first time. The tool is currently available to paying Photoshop users in a beta, and will be released to the public later this year. Adobe Photoshop is joining the generative artificial intelligence boom ignited by OpenAI's popular ChatGPT. Adobe's Firefly generative AI was trained on Adobe's own library of stock images, as well as other licensed and public domain images. AdobeThe new AI tools can quickly change the sky or add individual things like a tent, person, shooting star, or flying car Adobe

CNN —South Carolina Sen. Tim Scott on Monday will formally enter the Republican presidential primary as he seeks to upend a contest that has so far been dominated by coverage of former President Donald Trump and Florida Gov. The most prominent Black figure in the Republican Party, Scott will address supporters at his alma mater, Charleston Southern University, in his hometown of North Charleston. In 2010, he became the first Black Republican elected to the US House of Representatives from South Carolina in more than a century. Years later, after being appointed to his Senate seat (he won a special election to retain the seat), Scott made history as the first Black US Senator from his native South Carolina. “We know how dangerous Tea Party extremist Tim Scott is,” South Carolina Democratic Party chair Christale Spain said in a statement.

☆ Tim Scott's biggest financial backer is Larry Ellison, a tech billionaire who owns the sixth-largest island in Hawaii and has poured $35 million into the senator's super PAC
▼ + stars: | 2023-05-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Ellison has pumped $35 million into Scott's super PAC, and could legally give him millions more. On Monday, Ellison attended Scott's campaign launch in North Charleston, where Scott described him as one of his mentors. Trump's political operation includes the "MAGA, Inc" super PAC, while Florida Gov. Ron DeSantis has enjoyed the support of the "Never Back Down" super PAC. Scott's campaign isn't the first time a Republican presidential candidate has heavily relied on a single megadonor.

May 17 (Reuters) - Federal appeals court judges appeared to express support on Wednesday for opponents of the abortion pill mifepristone to pursue their challenge to its U.S. approval, which has potentially far-reaching consequences for abortion access across the country. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. [1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Judges James Ho and Wilson were appointed by Donald Trump. SAFE AND EFFECTIVEMifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - U.S. appeals court judges began hearing arguments on Wednesday in a legal battle over the availability of the abortion pill mifepristone, with potentially far-reaching consequences for abortion access across the United States. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. Danco Laboratories, which sells the drug under the brand name Mifeprex, is also expected to argue before the court. The emergency room doctors said they were being forced to complete surgical abortions, which was against their conscience, for women who took the pill and failed to complete a medical abortion.

Circuit Court of Appeals panel that will hear the Biden administration's appeal to keep the abortion pill mifepristone on the market are staunchly conservative, with a record of opposing abortion rights. - In 2019, she co-authored a majority opinion for the full 5th Circuit that upheld a Texas law that effectively banned the most common abortion procedure for terminating second-trimester pregnancies. - Also in 2019, she wrote a majority panel 5th Circuit opinion invalidating the Affordable Care Act's mandate requiring individuals to purchase health insurance. - In 2019, he was part of a 5th Circuit panel that rejected Mississippi's 15-week abortion ban, but in a concurring opinion argued against the constitutional right to abortion. - In 2018, he voted to uphold a Texas law requiring burial or cremation of fetal remains.

May 17 (Reuters) - The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed in a Reuters/Ipsos poll published on Wednesday. More than two-thirds of Americans are concerned about the negative effects of AI and 61% believe it could threaten civilization. ChatGPT has kicked off an AI arms race, with tech heavyweights like Microsoft (MSFT.O) and Google (GOOGL.O) vying to outdo each other's AI accomplishments. The Reuters/Ipsos poll found that the number of Americans who foresee adverse outcomes from AI is triple the number of those who don't. Those who voted for Donald Trump in 2020 expressed higher levels of concern; 70% of Trump voters compared to 60% of Joe Biden voters agreed that AI could threaten humankind.

☆ Kayla Unbehaun: Mother accused of abducting her daughter 6 years ago in Illinois has turned herself in, local authorities say
▼ + stars: | 2023-05-17 | by ( Jean Casarez Laura Dolan Alisha Ebrahimji | Jean Casarez | Laura Dolan | ) edition.cnn.com time to read: +3 min

Heather Unbehaun, the mother of now 15-year-old Kayla Unbehaun, is being held at the Kane County Adult Justice Center in Illinois without bond on an abduction charge, according to the jail. She bonded out Tuesday morning and was released, Asheville Police Department spokesperson Samantha Booth told CNN on Tuesday. When Iserka went to pick up his daughter the next day, he was told Unbehaun took her on a camping trip and Unbehaun and Kayla never returned, Vojta told CNN. Heather Unbehaun, the woman accused of abducting her daughter from a suburb of Illinois six years ago, is due in court on Wednesday morning. The child’s parents shared custody of her until Iserka filed for full custody after Unbehaun moved to Georgia with Kayla, according to Vojta.

☆ How the CEO behind ChatGPT won over Congress
▼ + stars: | 2023-05-17 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

It was a pivotal moment for the AI industry. He agreed that large-scale manipulation and deception using AI tools are among the technology’s biggest potential flaws. On Tuesday, they seemed ready — or even relieved — to be dealing with another area of the technology industry. The AI industry’s biggest players and aspirants include some of the same tech giants Congress has sharply criticized, including Google and Meta. Here too, Altman deftly seized an opportunity to curry favor with lawmakers by emphasizing distinctions between his industry and the social media industry.

☆ Access to abortion pill mifepristone at stake in federal appeals court hearing
▼ + stars: | 2023-05-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Evelyn Hockstein | ReutersA federal appeals court will hear arguments Wednesday afternoon in a closely watched lawsuit that seeks to pull the abortion pill mifepristone from the U.S. market. The hearing at the U.S. 5th Circuit Court of Appeals in New Orleans comes 11 months after the Supreme Court ruled there was no longer a federal constitutional right to abortion. But if it refuses to hear an appeal, the 5th Circuit decision will be the final word on the drug's fate. Days later, the DOJ appealed Kacsmaryk's decision to the 5th Circuit, which handles cases arising from the Northern District of Texas. He said the Supreme Court will likely agree to take the case if the 5th Circuit panel decides to pull mifepristone from the U.S. market.

[1/4] OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I. Some critics fear the technology will exacerbate societal harms, among them prejudice and misinformation, while others warn AI could end humanity itself. Globally, this is exploding," said Senator Cory Booker, one of many lawmakers with questions about how best to regulate AI. The White House has convened top technology CEOs including Altman to address AI. An OpenAI staffer recently proposed the creation of a U.S. licensing agency for AI, which could be called the Office for AI Safety and Infrastructure Security, or OASIS, Reuters has reported.

☆ New Jersey senators seek to delay New York City congestion pricing plan
▼ + stars: | 2023-05-15 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, May 15 (Reuters) - New Jersey's two Democratic senators and the state's governor said on Monday they are seeking to halt a plan by New York City to adopt a congestion pricing plan in Manhattan, which would be the country's first. Senators Bob Menendez and Cory Booker urged U.S. Transportation (USDOT) Secretary Pete Buttigieg not to grant final approval to environmental reviews needed to implement the congestion pricing plan after his department gave a key approval on May 5. Governor Phil Murphy said he would work "to halt implementation of this misguided tolling plan" and said the state is assessing legal options. Earlier this month, USDOT approved release of the final environmental assessment for New York's congestion pricing plan for public review. New York said drivers could face a traffic congestion charge of up to $23 a day.

☆ Dozens of Democrats defend CFPB at Supreme Court as case threatens its existence
▼ + stars: | 2023-05-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — Over 140 current and former Democratic lawmakers filed an amicus brief in the Supreme Court on Monday to defend the country's leading consumer protection agency from challenges to its regulatory authority. Brown chairs the Senate Banking Committee while Waters is the ranking member of the House Financial Services Committee. The Supreme Court agreed to hear arguments in the case in February, four months after a federal appeals court panel unanimously ruled that the CFPB's funding method was unconstitutional. The Biden administration appealed the 5th Circuit's decision to the Supreme Court, but a final decision could be delayed until June 2024 to hear other arguments in the case. In the brief, lawmakers said succinctly that "the judgment should be reversed."

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

☆ Hammerhead sharks 'hold their breath' when deep diving up to 2,500 feet to avoid freezing to death
▼ + stars: | 2023-05-11 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Hammerhead sharks are able to deep dive to frigid, near-freezing waters to catch rare prey. The study, published in the peer-reviewed journal Science on Thursday, found scalloped hammerhead sharks are able to conserve their body temperature while diving over 2,500 feet under the surface to hunt for deep-sea prey. Keeping the cold water outA hammerhead shark. This video spotted a hammerhead shark swimming during a deep dive off the coast of Tanzania. The strategy gives them an evolutionary advantage, but there's a catchA hammerhead shark caught in a net.

May 8 (Reuters) - A case brought by anti-abortion groups seeking to ban the abortion pill mifepristone nationwide will be heard next week by a panel of three deeply conservative judges hostile to abortion rights, a federal appeals court revealed on Monday. Circuit Court of Appeals panel in New Orleans on May 17 to overturn a court order that suspended the federal government's approval of mifepristone. The U.S. Supreme Court put that order on hold, meaning that mifepristone remains available while the case is appealed. In 2021, Ho was in the majority in a 2-1 ruling refusing to block Texas's six-week abortion ban. Wilson, another Trump appointee, as a state legislator voted to ban abortion once fetal cardiac activity is detected, around six weeks.

☆ Michael Bennet demonstrates his go-to piquant tuna sandwich recipe after chatting with cookbook author Mark Bittman
▼ + stars: | 2023-05-03 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Sen. Michael Bennet discussed food politics with cookbook author Mark Bittman in a new podcast. Bennet shared how he devoured Bittman's recipes during the pandemic and now cooks them regularly. Bennet told Insider he whips up a briny tuna sandwich creation every chance he gets. "I'm going to show you how to make the most sublime thing that is in Mark Bittman's cookbook," the Colorado Democrat says as he walks social media fans through a savory offering punched up by anchovy-spiked olive tapenade. "And I rattled off Mark Bittman's recipe for stir-fried tofu."

☆ Michael Bennet demonstrates his go-to piquant tuna sandwich recipe in chat with cookbook author Mark Bittman
▼ + stars: | 2023-05-03 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

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