DIRS.INFO The most relevant business & tech news

☆ OpenAI will now let you create videos from verbal cues
▼ + stars: | 2024-02-15 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Artificial intelligence leader OpenAI introduced a new AI model called Sora which it claims can create “realistic” and “imaginative” 60-second videos from quick text prompts. Hayden said these types of AI models could have a big impact on digital entertainment markets with new personalized content being streamed across channels. The company said it plans to work with a team of experts to test the latest model and look closely at various areas including misinformation, hateful content and bias. Sora will first be made available to cybersecurity professors, called “red teamers,” who can assess the product for harms or risks. The latest update comes as OpenAI continues to advance ChatGPT.

Persons: OpenAI, Sora, Reece Hayden, Hayden, ” Hayden, ” Organizations: CNN, ABI Research, ”

☆ TikTok, Facebook and YouTube sued by New York City for alleged harm to kids' mental health
▼ + stars: | 2024-02-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

The suit alleges that Meta , Snap , ByteDance and Google (whose parent company is Alphabet ) knowingly "designed, developed, produced, operated, promoted, distributed, and marketed their platforms to attract, capture, and addict youth, with minimal parental oversight." They claim that New York's school districts and various health and social services have been severely impacted by children who have suffered negative mental health consequences stemming from their use of popular social media apps. "In collaboration with youth, mental health and parenting experts, we've built services and policies to give young people age-appropriate experiences, and parents robust controls." New York's lawsuit echoes similar allegations made against Meta, Snap, TikTok and Alphabet in litigation filed in 2022 in the Northern District of California. Meanwhile, a coalition of over 40 attorneys general filed a joint federal lawsuit against Meta alleging that its products are addictive and harm mental health.

Persons: Eric Adams, Adams, we've, Meta, it's, Snapchat, Mark Zuckerberg, Shou Zi Chew, Evan Spiegel Organizations: York City, Facebook, YouTube, Google, Meta, Northern District of, Social Locations: York, TikTok, U.S, New York, Los Angeles, California, Northern District, Northern District of California

AUSTIN, Texas (AP) — A large aquarium in the lobby of a Texas emergency room likely saved lives when it absorbed the impact of a car that smashed through the entrance, a hospital official said Wednesday. The crash Tuesday evening at St. David's North Austin Medical Center killed the driver and injured five other people, including two children, including one who suffered life-threatening injuries. “The vehicle had direct impact to a very large aquarium that really, I believe, saved lives,” Dr. Peter DeYoung, the hospital's chief medical officer, said at a news conference with police and city emergency officials. Photos You Should See View All 22 ImagesPhotos showed a silver sedan with a mangled front end sitting entirely inside the lobby. The smoke came from the vehicle's tires as the wheels were still spinning on the floor tile, DeYoung said.

Persons: David's, ” Dr, Peter DeYoung, Ariel Crumes, Michell Holloway, DeYoung, ” DeYoung Organizations: Austin Medical Center, Police, Authorities Locations: AUSTIN, Texas, St

☆ Don’t ‘surreptitiously’ use Americans’ data to train AI, FTC warns businesses
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —US companies may find themselves under federal scrutiny if they “quietly” try to funnel customers’ personal information into training artificial intelligence models, the government warned this week. The warning by the Federal Trade Commission, the nation’s top privacy and consumer protection agency, highlights the enormous value of Americans’ personal data. “You may have heard that ‘data is the new oil,’” the agency said, referencing an adage describing the way personal information is a critical input powering the machinery of Big Tech. “There is perhaps no data refinery as large-capacity and as data-hungry as AI.”Many companies disclose how they use customer or user information in their privacy policies. But simply updating a privacy policy to say that a company will now use personal data collected for other purposes to train AI isn’t transparent enough and could violate the law, the FTC said.

Persons: “, Gary Gensler Organizations: Washington CNN, Federal Trade Commission, Netflix, Big Tech, FTC, Securities and Exchange Commission

☆ Don’t let AI hype lead you into illegal ‘AI-washing,’ SEC chair warns companies and investment advisers
▼ + stars: | 2024-02-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Publicly traded companies that misleadingly or untruthfully promote their use of artificial intelligence risk engaging in “AI-washing” that can harm investors and run afoul of US securities law, said SEC Chair Gary Gensler in a speech on Tuesday. They also shouldn’t lie about whether they use an AI model or how they use AI in specific applications, Gensler added. One would be the intentional use of AI to facilitate securities fraud, Gensler said Tuesday. The SEC could target those who deploy AI in ways that create reckless or knowing disregard for the risks to investors, Gensler said. He said the SEC could also investigate those who place fake orders in violation of securities law, or investment advisers who place their own interests ahead of their clients’.

Persons: Gary Gensler, “ We’ve, ” Gensler, Gensler, Alvaro Bedoya Organizations: Washington CNN, Securities and Exchange Commission, Publicly, SEC, Yale Law School, Federal Trade Commission

☆ Federal judge blocks Ohio law regulating kids’ access to social media
▼ + stars: | 2024-02-13 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington CNN —A federal judge has temporarily blocked an Ohio law seeking to regulate kids’ access to social media platforms, saying that the law is likely unconstitutional. Monday’s order by District Judge Algenon Marbley reiterates what Marbley said last month when he issued an emergency order halting the Ohio law from going into effect. Ohio’s legislation would have required social media platforms to obtain parental consent before creating accounts for children under age 16. It’s the latest blow to states that have vowed a crackdown on social media in the face of mounting claims that the technology contributes to mental health harms. And it highlights the many legal hurdles facing calls to ban social media for young Americans.

Persons: Algenon Marbley, Marbley, “, ” Marbley Organizations: Washington CNN, US, Court, Southern, Southern District of, NetChoice Locations: Ohio, Southern District, Southern District of Ohio, Arkansas , California, Utah

☆ Why Reparations For Slavery Are Long Overdue - The New York Times
▼ + stars: | 2024-02-13 | by ( Maura Cheeks | ) www.nytimes.com time to read: +3 min

In my debut novel, a family retraces their lineage in order to be eligible for the nation’s first federal reparations program for Black Americans. The idea that the United States could ever collectively support a national reparations policy for Black people seemed, well, the stuff of fiction. Since then, reparations task forces and commissions have been created in California, Illinois, New York and Pennsylvania. To address systemic inequalities rooted in federal law, a federal reparations policy is required. I decided to write about reparations after researching the racial wealth gap, the statistics of which continue to paint a picture of widespread systemic failure.

Persons: Jim Crow Organizations: Black Americans, Consumer Finances, National Association of Realtors, White Americans, White Locations: Evanston, Ill, United States, California , Illinois, New York, Pennsylvania, State

☆ Ex-Olympian pleads guilty to sexually assaulting boys – but number of victims ‘remains unknown,’ DA says
▼ + stars: | 2024-02-10 | by ( Holly Yan | Nic F. Anderson | ) edition.cnn.com time to read: +12 min

“The total number of Conrad Mainwaring victims remains unknown,” said Timothy Shugrue, the district attorney in Berkshire County, Massachusetts. For decades, the victims’ abuse was a closely guarded secret. I must be defective in some way or ways,’” Waxman told Mainwaring. “We would talk about school and sports and whatever teenage boys want to talk about,” Kriesberg told CNN. “Mainwaring told Joseph that this procedure was necessary so he could properly understand Joseph’s sex drive and provide proper counseling.

Persons: Conrad Mainwaring, Mainwaring, ”, Timothy Shugrue, ‘, Greylock –, ” Shugrue, Camp Greylock, “, Michael Waxman, ” Waxman, –, Waxman, he’s, He’s, I’m, ’ ” Waxman, ” Mainwaring, ’, Greylock, That’s, Joe Kriesberg, ” Kriesberg, Kriesberg, “ Mainwaring, Joseph, massaging Kriesberg, masturbate Joseph, Mainwaring ”, Kat Thomas, ” Thomas, Mainwaring doesn’t, …, Larry Nassar’s, Thomas ’, Stewart, Finaldi Organizations: CNN, Berkshire County –, ESPN, Attorney’s, Syracuse University, Nottingham High School, Nottingham, Syracuse City School District, Syracuse University campus, High, USA Gymnastics, Michigan State University, New, Manly Locations: Massachusetts, New York, Berkshire County , Massachusetts, Caribbean, Antigua, Barbuda, Montreal, Berkshire County, Berkshire, Nottingham, Syracuse

CNN —In a fight over keeping the identity of witnesses protected in the criminal document mishandling case against Donald Trump, special counsel Jack Smith this week detailed myriad threats against prosecutors, judges and other witnesses. One threat against a witness has prompted a federal investigation, the special counsel’s office wrote in court filings. Possible witnesses against Trump are “routinely” being threatened in a way that could intimidate them from participating in the case, they added. Trump’s lawyers have sought to make public the witness names and related information in the case, since they have included them in court filings. “Their objective is plain—to delay trial as long as possible,” prosecutors wrote in a filing Thursday in the case.

Persons: Donald Trump, Jack Smith, Witnesses, ”, “, Aileen Cannon, Cannon, Trump, Walt Nauta, Carlos De Oliveira, ‘, Trump’s Organizations: CNN, Trump, FBI, Department, ”, National Archives, Records Administration, Department of Energy, ‘ Trump Locations: Florida, Mar

☆ Climbers on Mount Everest will be ordered to buy poop bags and bring their waste back down with them, authorities say
▼ + stars: | 2024-02-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewClimbers attempting to scale Mount Everest, the world's tallest peak, will be ordered to buy poop bags and bring their waste back down with them for proper disposal, according to a new regulation. "Our mountains have begun to stink," Sherpa told BBC News. At lower altitudes, climbers typically dig holes in the snow to dispose of waste. But at higher elevations, with limited snow cover, climbers are often forced to relieve themselves in the open, BBC News reported. The news outlet said that the bags contain chemicals and powders to solidify human waste and minimize the odor.

Persons: —, Sherpa Organizations: Service, Sherpa, BBC News, Business, BBC, Sagarmatha Pollution Control, National Geographic Locations: Everest

☆ AI researcher Joy Buolamwini cautions that if AI systems fail people of color, they fail humanity
▼ + stars: | 2024-02-08 | by ( Monica Melton | ) www.businessinsider.com time to read: +17 min

We’re growing some teeth as to what can be done with AI, but we also see where there’s progress, there’s attack. One of the things I like to point out with AI systems is that if your AI systems fail on people of color, you don’t have a robust system. If your AI doesn’t work on the global majority, if your AI doesn’t work for women, if your AI doesn’t work for people with disabilities, once you start expanding all of the areas we’re talking about, it comes to your AI doesn’t work for humanity. To me, that’s a proactive approach of saying, how do we build consumer AI technology in a way that’s more ethical? I was talking to Sam Altman about the climate impact of AI, especially these large language models and generative AI systems.

Persons: Joe Biden, Joy Buolamwini, Buolamwini, It’s, ”, we’ve, it’s, I’ve, there’s, We’ve, you’re, aren’t, Simone Biles, Biden, Sam Altman, Olay, we’re, There’s, We’re, that’s Organizations: Service, League, Business, Federal Trade Commission, Procter, Gamble, Big Tech Locations: Davos

☆ Opinion: Does marijuana cause psychosis? The answer is complicated
▼ + stars: | 2024-02-08 | by ( Opinion David L. Nathan | Peter Grinspoon | ) edition.cnn.com time to read: +8 min

Still, the question remains: Does cannabis truly cause psychosis and related diseases such as schizophrenia — or is this another overblown claim? It is especially important for us, as doctors, to untangle whether cannabis actually causes psychosis. Still, of all the drugs associated with this uncommon kind of psychosis, cannabis is the most common culprit. CBD products should only be purchased from reputable companies that test their products through independent labs and share the results. We shouldn’t jump to the conclusion that cannabis causes psychosis, but anyone who plans to use cannabis should know their personal risk factors and exercise caution accordingly.

Persons: David L, Peter Grinspoon, David Nathan Eli Nathan Dr, we’ve Organizations: Drug Policy, Harvard Medical School, Marijuana, Drug, CNN, Street Journal, US Food and Drug Administration Locations: hyperbolically

A medical journal has retracted two studies claiming to show the harms of the abortion pill mifepristone, citing conflicts of interest by the authors and flaws in their research. Two of the three studies retracted by medical publisher Sage Perspectives were cited in a pivotal Texas court ruling that has threatened access to the pill. The U.S. Supreme Court will take up the case next month, with a decision expected later this year. Photos You Should See View All 15 ImagesBoth studies cited in the court ruling were published in the journal Health Services Research and Managerial Epidemiology. She said one of the major flaws of the retracted research is that the authors conflate ER visits with serious adverse events and don’t confirm whether patients received treatment.

Persons: —, Matthew Kacsmaryk, Sage, James Studnicki, Ivan Oransky, mifepristone Organizations: Sage, U.S, Supreme, Health Services Research, Charlotte Lozier Institute, District, New York University, University of California, FDA, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Texas, U.S, San Francisco

ST. PAUL, Minn. (AP) — For the eighth straight month in January, Earth was record hot, according to the European climate agency. Even though it was record hot in January, the level above normal was lower than the previous six months, according to Copernicus data. This is the time of year that El Nino warming often peaks, said Texas A&M University climate scientist Andrew Dessler. Minneapolis has already set a record for the number of 50-degree days for a winter. “For maple trees to run, it needs to be freezing at night, above freezing during the day.

Persons: Copernicus, Andrew Dessler, ” Dessler, that's, Natalie Mahowald, ”, Kathie Dello, floes, “, Greg McKush, ” McKush, Theresa Baroun, ” Baroun, Ed White, Rick Callahan, Seth Borenstein, Steve Karnowski, @skarnowski Organizations: PAUL, European Space Agency, Nino, El Nino, Cornell University, United, North Carolina State, Minnesota, Montgomery National Golf Club, ”, Syrup Producers Association, Isle Royal, Metropolitan Mosquito Control, Associated Press Locations: United States, Minneapolis, Texas, United Nations, Paris, North Carolina, Minnesota, Harriet, ” In Wisconsin, U.S, Wisconsin, De Pere , Wisconsin, Green Bay, Lake Superior, Michigan , Minnesota, Canada, St, Paul , Minnesota, Borenstein, Kensington , Maryland, Detroit, Indianapolis, AP.org

☆ Ukraine's tactical switch could make it even harder for an already struggling Russia to make any progress in the war
▼ + stars: | 2024-02-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

A tactical shift by Ukraine will likely make it even harder for Russia to gain new territory in its invasion, an expert told Business Insider. Riley Bailey, a Russia analyst at the Institute for the Study of War, told BI that Ukraine's defenses will make it "harder for Russian forces to attack head on into entrenched fortified positions. Russia has already struggled to make progress, and these fortifications will likely make its goals even harder to reach. It frustrated advanced Ukrainian weaponry like tanks. 110th Separate Mechanized BrigadeThe extra fortifications will now make Russian decision-making harder, Bailey said.

Persons: Riley Bailey, Bailey, Thomas Peter TPX, Patrick Bury, William Alberque, Ukraine doesn't, Alberque, Jack Watling Organizations: New York Times, Institute for, Business, REUTERS, Patrick, UK's University of Bath, NATO, Mechanized, International Institute for Strategic Studies, Reuters Locations: Ukraine, Russia, Ukrainian, Kupiansk, Kyiv, Avdiivka

PORTLAND, Maine (AP) — A federal appeals court has ruled that Maine must release its voter list to a conservative-backed group that’s conducting independent audits, concluding that state restrictions on distributing the list violated the National Voter Registration Act. The Public Interest Legal Foundation sued Maine over its decision to prevent the wholesale release of voter registration lists without restrictions, such as prohibiting the information from being published online. Organization spokesperson Lauren Bowman said the group sued to ensure its researchers can compare voter rolls in one state against those in another and that it had no intention of publishing the rolls. State election officials and privacy advocates have raised alarms about a push by several conservative groups to access state voter rolls, fearing that the lists could be used to intimidate voters or cancel registrations. “We will do everything in our power in accordance with the law and court decision to protect voter information from abuse," Bellows said.

Persons: Lauren Bowman, J, Christian Adams, State Shenna Bellows, “, ”, Bellows Organizations: —, Legal Foundation, Maine, 1st U.S, Circuit, ”, State, Democrat, New York Citizens Audit, Interest Legal Foundation Locations: PORTLAND, Maine, Boston, ” Maine, New Mexico, Pennsylvania, State, New York, . Maine

The effect of police violence on Black Americans is tracked in two new studies, with one tying police-involved deaths to sleep disturbances and the other finding a racial gap in injuries involving police use of Tasers. The health effects of police violence on Black people “need to be documented as a critical first step to reduce these harms,” three editors of JAMA Internal Medicine wrote in an editorial published Monday with the studies. For the sleep study, researchers looked at responses from more than 2 million people from 2013 through 2019 in two large government surveys. They focused on people's reports of sleep in the months following police-involved killings of unarmed Black people. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: Eric Garner, Tamir Rice, ”, Atheendar, Tasers, “, Kevin Griffith Organizations: Mapping, Justice Department, University of Pennsylvania, Vanderbilt University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S

☆ Manipulated Biden video can remain online, Meta’s Oversight Board rules
▼ + stars: | 2024-02-05 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —A video on Facebook manipulated to suggest that President Joe Biden behaves inappropriately toward women can remain on the platform, but only because of a problematic loophole in Meta’s “incoherent” policies, the company’s Oversight Board said Monday. The Board reviewed the case after a user who reported the video appealed Meta’s decision not to remove the content. Meta’s manipulated media policy applies only to video that has been altered by artificial intelligence and that makes it appear as if a person said something they did not. Because Biden video did the things portrayed in the video – even if it was heavily edited to create a false impression – the video was allowed to stay on the platform. Meta’s policy on manipulated media provides exemptions for parody and satire, as well as selectively edited content that omits or changes the order of words said in a video.

Persons: Joe Biden, Biden, Meta’s, Meta, ”, “, Nancy Pelosi, factchecker, Pelosi Organizations: Washington CNN, Facebook, Meta

“As it stands, the policy makes little sense,” Oversight Board co-chair Michael McConnell said of Meta’s policy in a statement on Monday. Spokesperson Corey Chambliss said while audio deepfakes aren't mentioned in the company's manipulated media policy, they are eligible to be fact-checked and will be labeled or down-ranked if fact-checkers rate them as false or altered. Meta created its oversight board in 2020 to serve as a referee for content on its platforms. The board also noted that some forms of manipulated media are made for humor, parody or satire and should be protected. Meta said on its website that it welcomes the Oversight Board’s ruling on the Biden post and will update the post after reviewing the board’s recommendations.

Persons: Joe Biden, Michael McConnell, Meta, Corey Chambliss, Meta’s, Biden, Jen Golbeck, “, ”, Barbara Ortutay Organizations: Facebook, Meta, Pew, YouTube, Biden, University of Maryland's College of Information Studies, Associated Press, AP Locations: U.S, San Francisco

Nearly half of all flash flood deaths are vehicle-related, experts say, which is why you should never drive into a flooded street. Here’s what to do in advance — and in the moment — to get through a flash flood safely. A “flash flood warning” means a flash flood is imminent or already occurring, and you should immediately move to higher ground if you’re outside or in a basement apartment. The most dire alert is a “flash flood emergency,” which indicates that not only is flooding occurring, but it’s posing a severe threat to human life. “People need to realize that most people who lose their footing in a flash flood don’t get out,” she said.

Persons: there’s, ”, Bonnie Schneider, Schneider, it’s, Hurricane Ida, You’ll, Ready.gov, David Markenson, ‘ It’s, Sabine Marx, I’m, Julie Munger, Munger, “, Dr, Markenson, you’re, don’t, they’re, Ms, Lynn Burttschell, Burttschell, Eugene Resnick, ’, ” Susan Shain Organizations: National Weather Service, Federal Emergency Management Agency, Cross Training Services, Columbia University’s National Center for Disaster Preparedness, Sierra Rescue, FEMA, Wimberley, Metropolitan Transportation Authority, New York Times Locations: United States, New York City, New York, Madison, Wis

Here are some tips on staying safe, communicating and setting limits on social media — for kids as well as their parents. “There is not necessarily a magical age,” said Christine Elgersma, a social media expert at the nonprofit Common Sense Media. Some tech executives, celebrities such as Jennifer Garner and parents from all walks of life have resorted to banning their kids from social media altogether. Watch a documentary like “The Social Dilemma” that explores algorithms, dark patterns and dopamine feedback cycles of social media. Social media platforms that cater to children have added an ever-growing array of parental controls as they face increasing scrutiny over child safety.

Persons: it’s, —, ’, ”, Christine Elgersma, Elgersma, Jennifer Garner, Jean Rogers, “ That’s, ” Rogers, Rogers, “, Meta, Instagram, Vivek Murthy Organizations: Republican, Democratic, IF, LAW, Companies, “, Facebook, U.S

☆ Loss, pain, harm: Grieving parents set the tone at this week’s tech CEOs hearing. It could change things
▼ + stars: | 2024-02-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —Wednesday’s online youth safety hearing with some of the world’s leading social media CEOs was unlike the many that came before it in recent years. During the hearing, Zuckerberg and Spiegel, along with the CEOs of TikTok, Discord and X, also faced calls to meet with the families affected by their platforms. And Wednesday night, after the event, some parents said the apologies did not go far enough. X CEO Linda Yaccarino thanked the “parents, families, and young people” who attended the hearing in a post on the platform. “We just saw yesterday the extent of the damage that this has done, these platforms have done,” he said.

Persons: Mark Zuckerberg, Evan Spiegel, Zuckerberg, Spiegel, Bridget Norring, “, Joe Benarroch, Linda Yaccarino, ”, ” Clint Smith, ” Snap’s Spiegel, Charlie, Connecticut Democrat Sen, Richard Blumenthal, ” Minnesota Democrat Sen, Amy Klobuchar, they’d, New York Democrat Sen, Chuck Schumer, …, Schumer, ” Sam Chapman, Missouri Republican Sen, Josh Hawley, Dick Durbin, Hawley, we’re, –, Brian Fung, Morgan Rimmer Organizations: New, New York CNN, CNN, ”, Meta, Connecticut Democrat, ” Minnesota Democrat, New York Democrat, Missouri Republican, Democratic Locations: New York, Snapchat, Connecticut, ” Minnesota

☆ Activist Bluebell believes BP is 50% undervalued compared to peers
▼ + stars: | 2024-02-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.

Persons: Giuseppe Bivona, Marco Taricco, Bivona, –, Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S

☆ Opinion: Nikki Haley is right about the Trump tariffs
▼ + stars: | 2024-02-02 | by ( Opinion Edward J. Mccaffery | ) edition.cnn.com time to read: +5 min

Think about that for a second.”Second, Haley is almost certainly right: tariffs can be a regressive tax, borne largely, if not exclusively, by ordinary American workers. The moderate, non-partisan Tax Foundation found that the existing Trump tariffs will bring in a mere $74 billion in revenues over ten years, while costing jobs, lowering growth and depressing American wages. Haley is right. Who is likely to benefit most from any future Trump tax cuts? Haley is right; Trump wins.

Persons: Edward J, McCaffery, Robert C, Donald Trump’s, Nikki Haley, Haley, Trump, Adam Smith, Harris, Smoot, Hawley, Hood, Herbert Hoover, Ronald Reagan Organizations: CNN, Packard, University of Southern, McCaffery, Jobs, South Carolina Republican, Foundation, Tax Foundation, Biden, Trump, Tax, Walmart, Republican, Trump University Locations: University of Southern California, Washington, China

Search resuls for: "" Harms"

25 mentions found