The Federal Reserve's internal watchdog cleared two former policymakers Robert Kaplan and Eric Rosengren of legal wrongdoing in a probe into their personal trading activity, but chastised them for undermining public confidence in the central bank. The report also found that neither of the trades violated federal law or broke any rules or regulations, but called the rules in place at the time inadequate and said the trading created an appearance of a conflict of interest. Furthermore, the text highlights that Kaplan's trades also created an appearance that he was acting on information gleaned from confidential policy deliberations, which has increased scrutiny and criticism of the Fed.
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#FederalReserve #ConflictOfInterest #WatchdogReport #CentralBank #PersonalTradingActivity #UnderminingPublicConfidence #ViolationOfFederalLaw
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https://read.distractionfree.site/fortune/2024/01/22/legendary-ceo-james-keyes-7-eleven-blockbuster/
#SorryImUnableToHelpYou #CanYouProvideMoreDetails #WhatKindOfAssistanceAreYouLookingFor
United Airlines CEO Scott Kirby has been expressing his concerns about the ongoing quality lapses at Boeing and has stopped short of directly appealing for change to Boeing's top brass. He has also discussed the grounding with US Transportation Secretary Pete Buttigieg, who is monitoring the situation, but there are no indications yet of what steps the Biden administration would take in response to complaints about Boeing. The FAA is doubling down on its scrutiny of Boeing by asking airlines to inspect door plugs on an older 737 model, highlighting the pressure on Boeing CEO Dave Calhoun and the company's directors.
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#Boeing #UnitedAirlines #ScottKirby #PeteButtigieg #FAA #737
Texas officials have spent billions of dollars on barriers to deter migrants while other Republican lawmakers called Donald Trump the "presumptive nominee". Democrats are hoping abortion rights will be a winning issue for them in 2024. E. Jean Carroll's second defamation case against Donald Trump encountered several hiccups on Monday, and parents in Florida demanded that Bridget Ziegler resign from a school board following revelations that she and her husband slept with another woman.
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#TexasBorderWall #AbortionRights #BridgetZiegler
Papa John's has been investing in artificial intelligence for half a decade and plans on spending more on it in the future. They are exploring AI-enabled robotics and voice automation but have faced challenges with their discount offers using AI bots. Canva started to see visual manifestations of AI about four years ago, acquired Kaleido, and is investing in AI for its graphic design platform.
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https://read.distractionfree.site/fortune/2024/01/12/ai-playbook-c-suite-cto/
#AIInvestment #PapaJohns #VoiceAutomation #DiscountOffers #Canva #Kaleido #GraphicDesignPlatform
Jacob Elordi hosted Saturday Night Live but was criticized for being too handsome and the show's focus on his attractiveness was seen as regressive and frustratingly stale, while Renée Rapp's performance was praised for her star-making turn.
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https://read.distractionfree.site/theatlantic/culture/archive/2024/01/jacob-elordi-snl/677209/
#JacobElordi #SaturdayNightLive #HandsomeBoy #RegressiveAndFrustratinglyStale #ReneeRapp
There were few new releases in movie theaters during a quiet weekend and Paramount Pictures' Tina Fey-scripted musical "Mean Girls" repeated atop the box office with $11.7 million in ticket sales, while a handful of awards contenders sought to make an impact ahead of Oscar nominations Tuesday. The top 10 films collectively accounted for just $51.3 million in box office, and there are significant holes throughout this year's movie calendar due to production delays caused by last year’s strikes.
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#MovieIndustry #BoxOffice #OscarNominations #ProductionDelays
Georgia's Senate plans to hold a hearing on Monday regarding a bill limiting the increases in home values for property tax purposes, while Republican House Speaker Jon Burns proposes doubling the state's homestead tax exemption. In addition, Texas voters approved a plan cutting taxes by $18 billion, Kansas endorsed larger exemptions to cut taxes by $100 million annually, and Colorado lawmakers passed measures to provide higher residential deductions and lower assessment rates. Pennsylvania is also using lottery proceeds to subsidize rent for seniors and people with disabilities. The text discusses the push from Republicans to keep tax revenues level by rolling back tax rates even when property values increase, and how this has led to a groundswell among state lawmakers to provide relief in response to voter discontent over higher levies.
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#TaxRelief #PropertyTaxes #HomesteadTaxExemption #KansasTaxCuts #ColoradoTaxReform #PennsylvaniaLotteryProceeds #StateLegislation
A number of films have become stage musicals and are now being adapted into film versions, with many reflecting changes in society over time.
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#FilmMusicals #StageToScreen #SocietyInMotion #AdaptationOfTime #Human
Elon Musk visited Auschwitz-Birkenau concentration camp in Poland with his son as part of his efforts to defend X against accusations of spreading antisemitism. During the tour, he met with Rabbi Menachem Margolin and Holocaust survivor Gidon Lev, and hosted a discussion with Ben Shapiro on the topic of social platforms like X. Musk also acknowledged being "frankly naive" about the spread of antisemitism and reiterated that he is "aspirationally Jewish."
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#ElonMusk #AuschwitzBirkenau #Poland #HolocaustSurvivor #RabbiMenachemMargolin #BenShapiro
The Suez Canal has transformed trade between Asia, Europe and the Middle East, but it's under threat from militant groups who have been firing drones and missiles at ships in the Red Sea. This disruption to shipping in the area has led to a significant drop in cargo volume compared to previous years, with ships now being re-routed around Africa instead of sailing through the Red Sea.
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https://read.distractionfree.site/economist/graphic-detail/2024/01/18/tracking-ships-in-the-red-sea
#SuezCanal #Trade #MiddleEast #RedSea #MilitantGroups #Shipping #CargoVolume
South Africa's claim that Israel is committing genocide against the Palestinians cheapens the term and risks weakening the taboo against genocide by obscuring the real worry that Israel's destructive campaign is breaking the laws of war. It also highlights how South Africa has called on the International Court of Justice to impose a unilateral ceasefire on Israel, which would leave it unable to defend itself against Hamas, a terrorist group whose founding charter calls for the killing of Jews.
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#SouthAfrica #Palestine #Israel #Genocide #InternationalCourtOfJustice #UnilateralCeasefire #Hamas
The RTO wars have been winding down and many large companies have adopted stricter return to office policies over time. The prevalence of these policies could drive incremental gains when it comes to RTO in the future, but job postings for fully-remote roles have slowed down.
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#RTOWars #StricterReturnToOfficePolicies #IncrementalGains #SlowdowninJobPostingsForFullyRemoteRoles #RemoteWorkChallenges #RTOFutureOutlook #RemoteVersusInPersonWork
There has been an increase in the number of migrants crossing from Mexico to America during President Biden's presidency. Republicans blame Mr. Biden for removing restrictive Trump-era policies, and a group of senators are close to striking a bipartisan deal on immigration rules. However, it is not clear what the details of this proposal might be or whether it would pass in the House of Representatives. The text also mentions that there has been a global trend of increased displacement worldwide due to various factors such as conflict and climate change, which may contribute to the increase in migrants seeking refuge in other countries like the United States.
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#Immigration #BorderCrisis #MigrantCrisis #RefugeesWelcome #GlobalDisplacement #BipartisanDeal
Rugged Robots uses robots to draw layout plans and place details with precision on construction sites, while also addressing challenges in the construction industry by using AI technologies.
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https://read.distractionfree.site/fortune/2024/01/04/ai-make-business-better-housing-construction/
#ConstructionAI #RuggedRobots
Artificial intelligence and generative AI will be a top-three tech priority for many executives, with 95% of them allowing its use at work. However, there is a struggle to keep up with the progress due to a lack of talent and skills, unclear road map on investments, and unclear strategy.
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https://read.distractionfree.site/fortune/2024/01/12/ai-playbook-c-suite-ceo/
#AI #GenerativeAI #ArtificialIntelligence
ElevenLabs has achieved a $1.1 billion valuation as a result of its Series B funding round led by Andreessen Horowitz, with participation from Sequoia Capital and Smash Capital. The company intends to cement its position as the global leader in voice AI research and product deployment through this investment, which includes text-to-speech AI-powered voice generation that can sound human while shedding stilted robotic intonations. ElevenLabs' voice cloning tech also features a translation tool that can convert a person's voice into another language while maintaining the original voice's tone and intonation, allowing for seamless communication across languages.
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#VoiceAI #TextToSpeech #HumanSoundingVoices #LanguageTranslation
Donald Trump's potential return to office as president in 2024 has caused concern among foreign governments and financial markets. The text also mentions a possible abandonment of Ukraine and Taiwan, aggressive bartering with enemies, and the gulf between Mr. Trump's policy positions and the chaotic global circumstances in which a switch would take place.
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#DonaldTrump2024 #ConcernAmongForeignGovernmentsAndFinancialMarkets #PotentialAbandonmentOfUkraineAndTaiwan #AggressiveBarteringWithEnemies #TheGulfBetweenMrTrumpsPolicyPositionsAndChaoticGlobalCircumstancesInWhichASwitchWouldTakePlace
The rise in interest rates, remote work trend, and dominance of e-commerce sellers have combined to hammer the commercial real estate market over the past few years, leading to high vacancies, falling rents, and rising default risks. The IMF reported last week that U.S. commercial real estate prices have fallen 11% since March 2022, which is the worst decline in over 50 years. Cantor Fitzgerald's billionaire chairman and CEO Howard Lutnick predicts between $700 billion to $1 trillion of defaults over the next two years due to rising interest rates, leading to a "generational change" in real estate. The Mortgage Bankers Association estimates that approximately 25% of commercial real estate debt maturing by the end of 2025 is held by struggling office and retail space operators, who are at risk of default due to rising interest rates. Lutnick warns that the Fed's interest rate hikes are like a "steamroller" that is impacting the real estate market and the economy as a whole, with some experts fearing that defaults could trigger a doom loop affecting regional banks and eventually the entire economy.
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#commercialrealestate #interestrates #remoteworktrend #ecommerce #vacancyrate #fallingrent #defaultrisk
A teenager has spent $3,000 collecting every available Stanley cup on the market and now has 67 in various styles and colors.
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#Collector #StanleyCups #RareFinds #UniqueCollection