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☆ Airline ticket prices will be cheaper in the fall compared to the summer
▼ + stars: | 2023-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But don’t worry if you missed out — falling ticket prices could make fall the better time to fly. Airfare to top international destinations will drop in the fall as well, with prices to Europe down 31% from summer peaks — nearly $330 off ticket prices. Known as “shoulder season,” airfare typically drops in the fall as demand cools off after the busy summer months. The three major US international airlines — American, Delta and United — all saw a surge in international traffic in recent months and added additional service to meet demand. One factor that could cause ticket prices to increase, however, is rising fuel prices.

Persons: ”, Hopper Organizations: New, New York CNN, Spirit Airlines, —, Federal, “, Frontier Airlines, American Airlines, Labor Locations: New York, Europe, Hopper, Delta, United, America

☆ TikTok is paying a small army of creator coaches to help influencers make money from livestreams
▼ + stars: | 2023-09-13 | by ( Marta Biino | Dan Whateley | ) www.businessinsider.com time to read: +5 min

TikTok creators make money from livestreams by receiving virtual items from fans that can be converted into real money. Dozens of agencies have joined the TikTok Live partner program, two sources told Insider. How agents are helping creators boost livestream performanceUnsurprisingly, there is no single growth strategy that applies to all TikTok Live creators. "What's great about TikTok Live is that we get to see the data in real-time," Herndon said. On top of the agency program, TikTok also offers an "accelerator program" for individual creators who have already found success with livestreams to help them scale further.

Persons: TikTok, Salome Khazaradze, Khazaradze, Jack Healy, Bill Herndon, Herndon, Joseph Sottile, livestreams Organizations: Google, TikTok Spartans, ATRX Agency Locations: Europe

☆ Much of the tech world's climate impact is still being overlooked, and it's accelerating
▼ + stars: | 2023-09-09 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

The environmental impact of IT has been largely overlooked, said Matt Warburton, principal consultant and sustainability lead at IT advisory firm ISG. "IT's environmental impact, as a proportion of the overall business impact, is increasing," Warburton said. "More than half of executives use spreadsheets for some ESG data," Moyer said. "They are generally among the most 'sustainably-savvy' organizations, with ambitious commitments for their own operations and deep expertise in minimizing IT's environmental impact," Warburton said. "If an enterprise has a net zero goal, IT should also have its own net zero goal.

Persons: Matt Warburton, Warburton, Kristin Moyer, Moyer, it's, ESG, It's Organizations: Gartner, Enterprises, Technology, Companies, Fortune

☆ JPMorgan trims Apple share price target ahead of iPhone 15 launch
▼ + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Apple has a challenge ahead as investors remain downbeat about the iPhone maker's upcoming launch, according to JPMorgan. Analyst Samik Chatterjee reiterated his overweight rating on the stock but lowered his price target by $5 to $230. This time around could be similar to a period when Apple's shares outperformed by meeting or beating low investor expectations for the iPhone 11, he said. A price increase across all iPhones, instead of only the Pro models, will incentivize consumers to choose the higher-end devices, he added. Despite near-term headwinds, however, the analyst maintained his "favorable outlook" on Apple's iPhone and services revenue, and he sees catalysts to accelerate revenue growth and upside potential.

Persons: Samik Chatterjee, Chatterjee, Apple, — Michael Bloom Organizations: Apple, JPMorgan

MIAMI BEACH, Fla. (AP) — Plans are underway for an iconic Miami Beach hotel and bar to be replaced with a high-end restaurant and affordable housing units, the building's owner announced. The changes being submitted soon to the city of Miami Beach include a development with 40% of the units designated as affordable and a maximum of height of 30 stories, the Jesta Group, which owns the Clevelander Hotel and Bar on Ocean Drive, said in a press release Thursday. The plan is allowed under Florida's Live Local Act, which is designed to incentivize affordable housing, said Anthony O'Brien, the group's senior managing director. Rent has skyrocketed in the last several years along Miami Beach and across much of Florida. “Since purchasing the Clevelander Hotel and Bar a few years ago, we have been proud to operate this legendary and iconic establishment in South Beach.

Persons: Anthony O'Brien, Rent, ” O'Brien Organizations: MIAMI, Miami Beach, Jesta, Florida's, Bar Locations: MIAMI BEACH, Fla, Miami, Bar, Essex, Florida, South Beach

☆ Zelenskyy and his spy chief grabbed a photo with what looks like the Mi-8 helicopter a Russian pilot secretly flew to Ukraine in a daring defection
▼ + stars: | 2023-09-08 | by ( Sarah Gray | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

President Volodymyr Zelenskyy posed with Ukrainian spy chief Kyrylo Budanov in front of a Mi-8 helicopter. The Mi-8 helicopter appears to be the one a Russian pilot flew to Ukraine in a daring defection. The helicopter in question appears to be the one flown by a Russian pilot into Ukraine in a daring defection carried out on August 9, 2023. Advertisement Advertisement Watch: Female spy ring working for Russia busted in UkraineMi-8 helicopter from Ukrainian video of the defection of the Russian pilot. Defense Intelligence of UkraineKuzminov reached out to Ukraine's Defense Intelligence at the end of 2022, The Wall Street Journal reported, and the plan was then put into motion.

Persons: Volodymyr Zelenskyy, Kyrylo Budanov, Kyrylo, Maksym, Kuzminov, Ukraine Kuzminov Organizations: Service, Ukraine's Defense, Ukraine's Defense Intelligence, of Military Intelligence, . Defense Intelligence, Defense Intelligence, Street Journal, Ukrainian, Verkhovna Rada Locations: Russian, Ukraine, Wall, Silicon, Russia, Russia's, Verkhovna, Ukrainian

☆ The Russian pilot who defected to Ukraine with a Mi-8 helicopter said he flew 32 feet above the ground to avoid being seen and turned off his transponder, per the WSJ
▼ + stars: | 2023-09-06 | by ( Sarah Gray | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Russian pilot Maksym Kuzminov defected to Ukraine with a Mi-8 AMTSh helicopter last month. Kuzminov described how he crossed into Ukraine in a video shared by Ukraine's Defense Intelligence. He flew 32 feet above the ground with his transponder off to avoid being spotted, The Wall Street Journal reported. The defection was first made public in late August, but additional details about the Russian pilot who flew a Mi-8 helicopter to Ukraine were released by Ukraine's Defense Intelligence in a video posted on Sunday. Kuzminov communicated with Ukrainian defense officials via the encrypted messaging app Telegram and came up with a plan to fly the stolen Russian helicopter into Ukraine.

Persons: Maksym Kuzminov, Kuzminov, Kyrylo Budanov, Andrii Yusova Organizations: Ukraine's Defense Intelligence, Street Journal, Service, Wall Street, Radio Free Europe, Ukrainian, Verkhovna Rada, Ukraine's Military Intelligence, Kyiv Independent Locations: Ukraine, Wall, Silicon, Russia, Russia's, Ukrainian, Kuzminov, Verkhovna, Kyiv

NEW YORK (AP) — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector. The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday. It helps them make better decisions.”Chang said CF Insights can help community foundations see how its peers handled expansion or compensation. And that information pairs well with the Council on Foundations annual surveys on compensation and benefits among community foundations. That doesn’t happen in the nonprofit sector.

Persons: —, Ann Mei Chang, ” Chang, “, Kathleen Enright, ” Enright, Chang, Enright Organizations: Foundations, ”, Hawaii Community Foundation, don’t, Candid, The Aspen Institute, Urban Institute, Internal Revenue Service, Lilly Endowment Inc, AP Locations: Hawaii, Maui

☆ The Russian pilot who defected to Ukraine with a Mi-8 helicopter is encouraging other Russians to do the same, promising they'll be taken care of for life
▼ + stars: | 2023-09-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

The Russian pilot who defected to Ukraine with a Mi-8 helicopter spoke publicly for the first time. The Ukrainian defense agency identified the pilot as Maksym Kuzminov, a 28-year-old former captain in Russia's 319th separate helicopter regiment. The defense intelligence on Sunday published a documentary on YouTube called "Downed Russian Pilots" that details the defection plot. The pilot said he coordinated with Ukrainian military intelligence, which was able to create the circumstances for his safe defection. "What is happening now is simply genocide of the Ukrainian people: both Ukrainian and Russian," Kuzminov said.

Persons: Maksym Kuzminov, Kuzminov, Vladimir Putin's Organizations: Ukraine's Defense Intelligence, Service, Russian Telegram, Eastern Military District, YouTube, Russian Pilots, Ukrainian, Verkhovna Rada, Russian, CNN, Ukrainian Rada, Radio Free, Radio Liberty Locations: Russian, Ukraine, Wall, Silicon, Ukrainian, Russia, Russia's, Verkhovna, Kharkiv, Radio Free Europe

☆ A top-7% fund manager over the past 15 years shares the once-in-a-generation challenge she sees in markets — and names 6 stocks that look attractive right now
▼ + stars: | 2023-09-02 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The mid-cap growth fund manager shared what qualities she's looking for in stocks. However, the mid-cap growth fund she's managed since 2001 is still a top-7% performer in the last 15 years, according to Morningstar. There's 'magic' to be found in mid-cap growthBut while elevated interest rates aren't kind to stocks, Scott still sees opportunities in many mid-sized companies. Within mid caps, Scott tends to tilt toward growth-focused companies, specifically those with sound business models that are profitable and have abundant cash flow. Instead of investing in so-called "bleeding edge" growth stocks, Scott said she prefers steady, reliable compounders.

Persons: Kimberly Scott, she's, we've, Scott, Morningstar, we're Organizations: Delaware Ivy, Growth, Federal, Growth Fund

☆ Oil set to snap two-week losing streak on tightening supplies
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year. U.S. crude inventories fell by a more-than-expected 10.6 million barrels last week, government data on Wednesday showed. Commercial crude oil inventories have plunged by 34 million barrels since the middle of July. A weaker U.S. dollar, which looks set to end a six week winning streak, also helped prices. A stronger dollar pressures oil demand by making the commodity more expensive for buyers holding other currencies.

Persons: Brent Organizations: U.S . West Texas, bbl, Organization Petroleum Exporting, National Australia Bank, ANZ, Federal Reserve Locations: OPEC, Saudi Arabia, U.S

☆ How China became the king of new nuclear power, and how the U.S. is trying to stage a comeback
▼ + stars: | 2023-08-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

That is two and a half times more nuclear reactors under construction than any other country. China was just getting started as the United States nuclear industry began to take a back seat. Power follows demand, so the new nuclear reactors tend to be built where fast-developing economies need power to fuel their growth. For the United States to win the export business, it must prove it can put steel in the ground in the United States. "We and our close nuclear energy allies are at what I think is just the start of a fierce competition for supremacy in global nuclear energy export markets," Kotek said.

Persons: Jacopo Buongiorno, Kenneth Luongo, Luongo, John F, Kotek, they've, Buongiorno, Westinghouse, Trump, Biden Organizations: Plant, China National Nuclear Corporation, China Huaneng, Changjiang, China News Service, Getty, International Atomic Energy Agency, United, Massachusetts Institute of Technology, CNBC, Partnership for Global Security, World Nuclear Association, Chicago Tribune, Tribune, Service, IAEA, Organization for Economic Cooperation, Development, OECD, U.S . Energy Information Administration, Nuclear Energy Institute, International Energy Agency, France, Visual China, Georgia Power, Westinghouse Locations: China, Changjiang Li Autonomous County, Hainan Province, India, Turkey, United States, Georgia, Byron , Illinois, France, Russia, HUIZHOU, CHINA, Huizhou, Guangdong Province of China, Europe, Eastern Europe, U.S

That's because the Federal Reserve has been hiking interest rates since March 2022 in an effort to cool inflation. So the question remains: When will we finally see interest rates start to come down? CNBC Select asked three experts to give their take on what lies ahead for interest rates. What we'll coverWhen will interest rates come back down? Existing loans with a variable rate may also start charging less interest as the Fed lowers interest rates.

Persons: Amy Hubble, hasn't, Preston Caldwell, Caldwell, Hubble, Elliot Eisenberg, you'll, it's Organizations: Federal Reserve, CNBC, Federal, Market, Morningstar Research Services, Ally Bank, Navy Federal Credit Union, Jumbo, Navy Federal Credit, PNC Bank, PNC Bank Mortgage, Savings, Axos Bank, FDIC, CNBC Select's, Facebook, Twitter Locations: U.S

☆ Ukraine's efforts to rack up Russian defectors and their equipment helped land the country an Mi-8 helicopter and fighter jet parts
▼ + stars: | 2023-08-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A Russian pilot defected to Ukraine with an Mi-8 helicopter and fighter jet parts this week. Ukraine offers monetary rewards to Russian soldiers who bring their equipment to Ukraine. AdvertisementAdvertisementUkraine has sought to incentivize Russian soldiers to defect since the war began in February 2022, launching at least two programs targeted at would-be turncoats. A helicopter — like the one a Russian pilot flew into Ukraine this week — fetches $500,000, according to the legislation. The Rada bill also promises "secrecy, a safe stay in Ukraine, and support in obtaining new documents and leaving for a third country," for any Russian soldiers who abandon post.

Persons: 30SM, Mark Cancian, Mick Ryan, Vladimir Putin's, Ryan Organizations: Service, Kyiv Post, US Marine Corps, Center for Strategic, Studies, Verkhovna Rada, Australian Army, Rada, ABC News, Guardian, Radio Free, Radio Liberty, Kyiv Locations: Russian, Ukraine, Wall, Silicon, Ukrainian, Russia, Verkhovna, Radio Free Europe, Poltava, Kharkiv, Ukraine's

Hawaiian Electric CEO Shelee Kimura received a cash bonus in 2022 based on her performance against 10 measures including profit and customer satisfaction. Wildfire risk mitigation was not on the list, according to the utility’s pay disclosures. Wildfire risk had been a concern for several years before the blaze ripped through Lahaina, a historic resort town in Maui. Idacorp declined to comment on its pay practices and how they relate to wildfire mitigation. “You don’t want a wildfire disaster to be the catalyst for a change in public policy,” said Glazer, who supports linking executive pay to wildfire mitigation.

Persons: Mike Blake, ”, Alison Silverstein, Shelee Kimura, Kimura, “, Michael Cerasoli, Michael Underhill, Brian Buckham, ” Buckham, Idacorp, Larry Glazer, Glazer, Tim McLaughlin, Tom Hals, Peter Henderson, Noeleen Walder, Rich Valdmanis, Marguerita Choy Organizations: Workers, REUTERS, Hawaiian Electric, U.S . Federal Energy Regulatory, Electric, Hawaii Wildfire Management Organization, San Diego Gas &, Global Renewable Energy Income Fund, Reuters, Capital Innovations, SEC, Portland General Electric Co, Boston’s Mayflower Advisors, Thomson Locations: Lahaina, Maui, Hawaii, U.S, California, Honolulu, Maui ., Idaho , Oregon, Washington, Idaho

☆ AI frenzy’s feedback loop stuffs Nvidia
▼ + stars: | 2023-08-24 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Aug 23 (Reuters Breakingviews) - The ducks on Wall Street are quacking for artificial intelligence, and that means Nvidia (NVDA.O) gets fed. Under co-founder Jensen Huang, Nvidia has built a business that dominates the design of specialized chips that are an essential component in training AI systems. Alphabet is already investing $7 billion a quarter, and promised last month it would ramp capital spending further as it beefs up in AI. While companies talk up the potential of AI, it hasn’t yet generated much revenue, even for prime booster Microsoft. Should Wall Street sour on AI, Nvidia’s valuation would look overstuffed.

Persons: Jensen Huang, Amy Hood, Jonathan Guilford, Sharon Lam Organizations: Reuters, Nvidia, Nasdaq, Microsoft, Google, Thomson

☆ Investing in Space: The nascent market for tracking and removing debris from orbit
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

It's a sad irony, but an irony nonetheless, that this week the European Space Agency announced that a piece of space debris — left in orbit by a 2013 launch of Arianespace's Vega rocket and the target of a removal mission — appears to have been struck by other space debris. But the ISS itself may have to dodge space debris this afternoon, with station controllers considering changing its altitude. The risk posed by space debris is not a novel problem for the industry, but it's an ever more pressing one. Satellites and space debris are largely tracked via ground-based radars and telescopes. Debris removal is a nascent part of the broader satellite servicing market (also known as In-Space Servicing, Assembly and Manufacturing, or ISAM).

Persons: Michael Sheetz —, It's, Arianespace's, Brian Weeden, wasn't, Weeden Organizations: CNBC, European Space Agency, ESA, OTB Ventures, NASA, SpaceX, International Space, Secure, Foundation, Aerospace, NorthStar, Manufacturing, Cargo Locations: Swiss, U.S, Europe, Russia, China, Japan, Korea, India

☆ Goldman Sachs CEO David Solomon hates remote work. Now managers are cracking the whip on returning to the office.
▼ + stars: | 2023-08-24 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Goldman CEO David Solomon is famously anti-remote work, and has been pushing RTO for over a year. Certain managers have responded by reemphasizing the company's policy that all employees work from the office five days a week. Though he reluctantly yielded on the issue for a while after facing pushback from his top advisors, he made his disdain for remote work public. "This is not ideal for us, and it's not a new normal," Solomon later said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs of last October, 65% of the company's workers had already returned to the office full time, according to Solomon.

Persons: Goldman Sachs, Goldman, David Solomon, Jacqueline Arthur, Bloomberg, Solomon, it's, you'll, Nicholas Bloom Organizations: Service, Bloomberg, New York Magazine, Meta, Research, Stanford, Wall Street Journal, Employers Locations: Wall, Silicon, New York

☆ China launches 'unprecedented' crackdown on its healthcare industry amid economic woes
▼ + stars: | 2023-08-24 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

CNN —China has launched a sweeping anti-corruption campaign targeting its hospitals, pharmaceutical industry and insurance funds as it grapples with mounting economic challenges and long-standing public frustration about high costs in the behemoth healthcare sector. Some areas have set up hotlines for phoning in tips about corruption in the sector, according to state media. At least one state media report has described the campaign as “unprecedented in the depth, breadth and intensity” of targeting the healthcare sector. Despite wide health insurance coverage, absolute costs of healthcare can be a heavy burden for many in China. “Given the economic slowdown and the shrinking fiscal revenue, the debt-ridden local governments really don’t have the capabilities to invest more in the medical sector and corruption continues to be an issue,” said Huang.

Persons: That’s, Xi Jinping, Ren Jianming, Yanzhong Huang, ”, Huang, Jade Gao, Xi Chen, ” Chen, Winning Health Technology Group’s, Zhou Wei, Sun Ningling, ” “ Organizations: CNN, behemoth, Communist Party, China News Service, Center for Integrity Research, Education, China’s Beihang University, Publishing, Council, Foreign Relations, Getty Images, Yale School of Public Health, Getty, Health Commission, NHC, Central Commission, CSI, Reuters, Shanghai Serum, Winning Health Technology, Peking University People’s Hospital Locations: China, Yunnan, Shanghai, Beijing, Zhejiang, United States, New York, AFP, Guangzhou, Shenzhen

☆ Opinion | Fixing America’s Health Care System
▼ + stars: | 2023-08-23 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “How Do We Fix the Scandal That Is American Health Care?,” by Nicholas Kristof, with photographs by September Dawn Bottoms (column, Aug. 20):Nicholas Kristof scratches the surface of the failures of the health care system in this country. I have been in practice for 28 years as a cardiologist and internist and have seen firsthand the miraculous breakthroughs in cardiac care as well as the appalling level of care typical in treatment of chronic diseases, especially among minority populations. Most care in this country is delivered by large for-profit and nonprofit entities (which function largely as for-profit entities but avoid taxes). These systems are incentivized to invest in high-end tertiary care, typically cardiac, orthopedic, neurosurgical and oncologic care, as they have the highest reimbursement. Our health care system needs to incentivize primary care and force nonprofit entities to allocate larger portions of their budgets to primary care or lose their nonprofit status.

Persons: Nicholas Kristof, Dawn Organizations: Health

☆ Ecuador should hold violent convicts on prison boats, says presidential hopeful Noboa
▼ + stars: | 2023-08-22 | by ( Yury Garcia | ) www.reuters.com time to read: +4 min

GUAYAQUIL, Aug 22 (Reuters) - Ecuador should strengthen controls at its borders and ports to fight drug trafficking and isolate its most violent criminals on prison boats, presidential candidate Daniel Noboa said on Tuesday. Noboa, son of prominent banana businessman and perennial presidential hopeful Alvaro Noboa, was a surprise second-place finisher in the weekend first round of Ecuador's presidential election, winning 23.5% of the vote. "We should reinforce the border, have a military presence at the borders, a military presence at the container ports because that's where the drugs leave from," Noboa told reporters in Guayaquil. Prison boats could take 300 to 400 each of the country's most violent criminals some 80 miles (130 km) out to sea, he said. "It is important to totally isolate the violent criminals, who from prison generate terror and plan more crime," Noboa said.

Persons: Daniel Noboa, Noboa, Alvaro Noboa, Luisa Gonzalez, Rafael Correa, Yury Garcia, Alexandra Valencia, Julia Symmes Cobb, Rosalba O'Brien Organizations: Security, Reuters, El, Thomson Locations: GUAYAQUIL, Ecuador, South America, Guayaquil, Quito

Here, workers in black uniforms churn out a brand-new electric scooter every 90 seconds, while executives review the company’s skyrocketing sales. Mehta is the 33-year-old CEO of Ather Energy, an electric scooter manufacturer that has enjoyed a recent explosion of demand. “That’s an incredible jump.”The push has been fueled by strong state support, particularly through a policy known as “FAME,” or the Faster Adoption and Manufacturing of Electric Vehicles. Electric two-wheelers on display at the Hero Electric Vehicles headquarters in Gurgaon, India, in 2021. BluSmart is an Indian ride-hailing startup that uses an all-electric fleet, relying heavily on charging infrastructure.

Persons: Tarun Mehta, Mehta, ” Mehta, pedaling, MotoCorp, ”, Brajesh Chhibber, “, Bain, That’s, Anindito Mukherjee, Anmol Singh Jaggi, Fadnavis, Chhibber, ” Chhibber, Jaggi Organizations: India CNN —, Ather Energy, “, CNN, McKinsey, Manufacturing of Electric Vehicles, EV, Economic, Ministry of Heavy Industries, Hero Electric Vehicles, Bloomberg, Getty, ” Locations: Hosur, India, Indian, Bangalore, New Delhi, Delhi, Gurgaon, Gurugram

☆ India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
▼ + stars: | 2023-08-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The central bank hopes to stem India's outflow of greenbacks and help promote the rupee internationally, according to the report. A central bank official delivered the message to foreign exchange dealers during a seminar this month, Reuters said. The request from the central bank comes as India and the UAE have set themselves on a de-dollarization path. Meanwhile, banks are also offering smaller companies discounted service charges to incentivize local currency transactions.

Persons: South Africa —, Jim O'Neill Organizations: UAE, Reuters, Service, Reserve Bank of India, United Arab, Abu Dhabi National Oil Company, — Locations: India, UAE, Wall, Silicon, United Arab Emirates, Abu Dhabi, Ukraine, Russia, — Brazil, China, South Africa

☆ America's wealthiest 10% are responsible for 40% of its climate-crisis-causing emissions. Tax them, researchers say.
▼ + stars: | 2023-08-17 | by ( Morgan Mcfall-Johnsen | Marianne Guenot | ) www.businessinsider.com time to read: +6 min

The richest 10% of Americans' income has generated 40% of US carbon emissions, a new study found. Tax shareholders rather than focusing on consumers, the study authors argue. How much carbon emissions are produced in the supply chain to create the earnings of each income group, pre-tax. Not only was the top 10% earners' income generating over 40% of emissions, but the income of the top 1% was responsible for 15%-17% of emissions, they found. In the US, multiple proposals for a carbon tax have been introduced in Congress.

Persons: Peter Unger, Patrick T, Fallon, Jared Starr, Starr, Carlo Allegri, That's Organizations: Investments, Service, Getty Images, Getty, University of Massachusetts Amherst, International Monetary Fund Locations: Manhattan

☆ Trump keeps sounding off on his indictments. His attacks could hasten the criminal trials
▼ + stars: | 2023-08-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former U.S. President and Republican candidate Donald Trump makes a keynote speech at a Republican fundraising dinner in Columbia, South Carolina, U.S. August 5, 2023. Former President Donald Trump has ramped up his rhetoric and vowed to keep speaking out in opposition to his criminal indictments as he campaigns for the 2024 Republican presidential nomination. Trump has targeted judges, prosecutors and potential witnesses in posts railing against his four active criminal cases, prompting some legal experts to predict that a gag order may be in Trump's future. But even if that doesn't happen, his aggressive criticism could incentivize judges to bring his cases to trial more quickly. That would be a blow to Trump, who has argued that his trials should be held until after the November 2024 presidential election.

Persons: Donald Trump, Trump, Richard Serafini, Serafini, Tanya Chutkan, Chutkan Organizations: U.S, Republican, Department Locations: Columbia , South Carolina, U.S

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