Father of killed reporter asks regulators to investigate Facebook

Andy Parker called for Congress to regulate social media companies, saying, “I hope my FTC complaint gets traction, but ultimately, Congress is going to have to fix social media before it ruins our country and the world.”.....»»

Category: topSource: bizjournalsOct 13th, 2021

The 20 best books of 2021, according to Book of the Month readers

Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. When you buy through our links, Insider may earn an affiliate commission. Learn more. Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. Amazon; Bookshop; Alyssa Powell/Insider Book of the Month sends great books from emerging authors directly to subscribers. At the end of each year, readers vote for their favorite books they read through the service. Here are the 20 most loved BOTM selections of 2021. The winner will be announced on November 11. Book of the Month sends new and noteworthy books - often before they become popular - to subscribers each month. In the past, the company has picked hits such as "The Great Alone" by Kristin Hannah, "Pachinko" by Min Jin Lee, and "The Girl With the Louding Voice" by Abi Daré to bring to its readers.Membership (small)At the end of the year, the club's thousands of subscribers vote on the best books they read through the service, making it a more curated version of Goodreads' best books of the year. For example, the 2020 winner was "The Vanishing Half" by Brit Bennett, which also won the 2020 Goodreads award for Best Historical Fiction.Below, you'll find a reading list of the top 20 books of 2021 according to Book of the Month readers. Book of the Month will announce the best book of 2021 on November 11, awarding the winning author a $10,000 prize. The 20 best books picked by Book of the Month in 2021, according to its readers:Descriptions are provided by Amazon and edited lightly for length and clarity. "Things We Lost To The Water" by Eric Nguyen Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When Huong arrives in New Orleans with her two young sons, she is jobless, homeless, and worried about her husband, Cong, who remains in Vietnam. As she and her boys begin to settle into life in America, she sends letters and tapes back to Cong, hopeful that they will be reunited and her children will grow up with a father.But with time, Huong realizes she will never see her husband again. While she attempts to come to terms with this loss, her sons, Tuan and Binh, grow up in their absent father's shadow, haunted by a man and a country trapped in their memories and imaginations. As they push forward, the three adapt to life in America in different ways: Huong gets involved with a Vietnamese car salesman who is also new in town; Tuan tries to connect with his heritage by joining a local Vietnamese gang; and Binh, now going by Ben, embraces his adopted homeland and his burgeoning sexuality. Their search for identity — as individuals and as a family — threatens to tear them apart, un­til disaster strikes the city they now call home, and they are suddenly forced to find a new way to come together and honor the ties that bind them. "Imposter Syndrome" by Kathy Wang Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.59Julia Lerner, a recent university graduate in computer science, is living in Moscow when she's recruited by Russia's largest intelligence agency in 2006. By 2018, she's in Silicon Valley as COO of Tangerine, one of America's most famous technology companies. In between her executive management (make offers to promising startups, crush them and copy their features if they refuse); self-promotion (check out her latest op-ed in the WSJ, on Work/Life Balance 2.0); and work in gender equality (transfer the most annoying females from her team), she funnels intelligence back to the motherland. But now Russia's asking for more, and Julia's getting nervous.Alice Lu is a first-generation Chinese-American whose parents are delighted she's working at Tangerine (such a successful company!). Too bad she's slogging away in the lower echelons, recently dumped, and now sharing her expensive two-bedroom apartment with her cousin Cheri, a perennial "founder's girlfriend." One afternoon, while performing a server check, Alice discovers some unusual activity, and now she's burdened with two powerful but distressing suspicions: Tangerine's privacy settings aren't as rigorous as the company claims they are, and the person abusing this loophole might be Julia Lerner herself. The closer Alice gets to Julia, the more Julia questions her own loyalties. Russia may have placed her in the Valley, but she's the one who built her career; isn't she entitled to protect the lifestyle she's earned? Part page-turning cat-and-mouse chase, part sharp and hilarious satire, "Impostor Syndrome" is a shrewdly-observed examination of women in tech, Silicon Valley hubris, and the rarely fulfilled but ever-attractive promise of the American Dream. "The Lost Apothecary" by Susan Penner Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99Hidden in the depths of 18th-century London, a secret apothecary shop caters to an unusual kind of clientele. Women across the city whisper of a mysterious figure named Nella who sells well-disguised poisons to use against the oppressive men in their lives. But the apothecary's fate is jeopardized when her newest patron, a precocious 12-year-old, makes a fatal mistake, sparking a string of consequences that echo through the centuries.Meanwhile, aspiring historian Caroline Parcewell spends her 10th wedding anniversary alone in present-day London, running from her own demons. When she stumbles upon a clue to the unsolved apothecary murders that haunted London 200 years ago, her life collides with the apothecary's in a stunning twist of fate — and not everyone will survive. "This Close To Okay" by Leese Cross-Smith Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $15.62On a rainy October night in Kentucky, recently divorced therapist Tallie Clark is on her way home from work when she spots a man precariously standing at the edge of a bridge. Without a second thought, Tallie pulls over and jumps out of the car into the pouring rain. She convinces the man to join her for a cup of coffee, and he eventually agrees to come back to her house, where he finally shares his name: Emmett. Over the course of the emotionally charged weekend that follows, Tallie makes it her mission to provide a safe space for Emmett, though she hesitates to confess that this is also her day job. What she doesn't realize is that Emmett isn't the only one who needs healing — and they both are harboring secrets.Alternating between Tallie and Emmett's perspectives as they inch closer to the truth of what brought Emmett to the bridge's edge — as well as the hard truths Tallie has been grappling with since her marriage ended — "This Close to Okay" is an uplifting, cathartic story about chance encounters, hope found in unlikely moments, and the subtle magic of human connection. "We Are the Brennans" by Tracey Lange Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.49When 29-year-old Sunday Brennan wakes up in a Los Angeles hospital, bruised and battered after a drunk driving accident she caused, she swallows her pride and goes home to her family in New York. But it's not easy. She deserted them all — and her high school sweetheart — five years before with little explanation, and they've got questions.Sunday is determined to rebuild her life back on the east coast, even if it does mean tiptoeing around resentful brothers and an ex-fiancé. The longer she stays, however, the more she realizes they need her just as much as she needs them. When a dangerous man from her past brings her family's pub business to the brink of financial ruin, the only way to protect them is to upend all their secrets — secrets that have damaged the family for generations and will threaten everything they know about their lives. In the aftermath, the Brennan family is forced to confront painful mistakes — and ultimately find a way forward together. "The Maidens" by Alex Michaelides Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.78Edward Fosca is a murderer. Of this, Mariana is confident. But Fosca is untouchable. A handsome and charismatic Greek tragedy professor at Cambridge University, Fosca is adored by staff and students alike ― particularly by the members of a secret society of female students known as The Maidens.Mariana Andros is a brilliant but troubled group therapist who becomes fixated on The Maidens when one member, a friend of Mariana's niece Zoe, is found murdered in Cambridge.Mariana, who was once herself a student at the university, quickly suspects that behind the idyllic beauty of the spires and turrets, and beneath the ancient traditions, lies something sinister. And she becomes convinced that, despite his alibi, Edward Fosca is guilty of the murder. But why would the professor target one of his students? And why does he keep returning to the rites of Persephone, the maiden, and her journey to the underworld?When another body is found, Mariana's obsession with proving Fosca's guilt spirals out of control, threatening to destroy her credibility as well as her closest relationships. But Mariana is determined to stop this killer, even if it costs her everything ― including her own life. "Razorblade Tears" by S.A. Cosby Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.10Ike Randolph has been out of jail for 15 years, with not so much as a speeding ticket in all that time. But a Black man with cops at the door knows to be afraid.The last thing he expects to hear is that his son Isiah has been murdered, along with Isiah's white husband, Derek. Ike had never fully accepted his son but is devastated by his loss.Derek's father, Buddy Lee, was almost as ashamed of Derek for being gay as Derek was ashamed of his father's criminal record. Buddy Lee still has contacts in the underworld, though, and he wants to know who killed his boy.Ike and Buddy Lee, two ex-cons with little else in common other than a criminal past and a love for their dead sons, band together in their desperate desire for revenge. In their quest to do better for their sons in death than they did in life, hardened men Ike and Buddy Lee will confront their prejudices about their sons and each other as they rain down vengeance upon those who hurt their boys. "Malibu Rising" by Taylor Jenkins Reid Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.80Malibu: August 1983. It's the day of Nina Riva's annual end-of-summer party, and anticipation is at a fever pitch. Everyone wants to be around the famous Rivas: Nina, the talented surfer and supermodel; brothers Jay and Hud, one a championship surfer, the other a renowned photographer; and their adored baby sister, Kit. Together, the siblings are a source of fascination in Malibu and the world over — especially as the offspring of the legendary singer Mick Riva.The only person not looking forward to the party of the year is Nina herself, who never wanted to be the center of attention, and who has also just been very publicly abandoned by her pro tennis player husband. Oh, and maybe Hud — because it is long past time for him to confess something to the brother from whom he's been inseparable since birth.Jay, on the other hand, is counting the minutes until nightfall, when the girl he can't stop thinking about has promised she'll be there.And Kit has a couple of secrets of her own — including a guest she invited without consulting anyone.By midnight the party will be entirely out of control. By morning, the Riva mansion will have gone up in flames. But before that first spark in the early hours before dawn, the alcohol will flow, the music will play, and the loves and secrets that shaped this family's generations will all come rising to the surface. "Four Winds" by Kristin Hannah Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.49Texas, 1921. A time of abundance. The Great War is over, the land's bounty is plentiful, and America is on the brink of a new and optimistic era. But for Elsa Wolcott, deemed too old to marry in a time when marriage is a woman's only option, the future seems bleak. Until the night she meets Rafe Martinelli and decides to change the direction of her life. With her reputation in ruin, there is only one respectable choice: Marriage to a man she barely knows.By 1934, the world has changed; millions are out of work, and drought has devastated the Great Plains. Farmers are fighting to keep their land and their livelihoods as crops fail and water dries up and the earth cracks open. Dust storms roll relentlessly across the plains. Everything on the Martinelli farm is dying, including Elsa's tenuous marriage; each day is a desperate battle against nature and a fight to keep her children alive.In this uncertain and perilous time, Elsa ― like so many of her neighbors ― must make an agonizing choice: Fight for the land she loves or leave it behind and go west, to California, in search of a better life for her family. "The People We Keep" by Alison Larkin Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $22.99Little River, New York, 1994: April Sawicki is living in a motorless motorhome that her father won in a poker game. Failing out of school, picking up shifts at Margo's diner, she's left fending for herself in a town where she's never quite felt at home. When she "borrows" her neighbor's car to perform at an open mic night, she realizes her life could be much bigger than where she came from. After a fight with her dad, April packs her stuff and leaves for good — setting off on a journey to find her own life.Driving without a chosen destination, she stops to rest in Ithaca. Her only plan is to survive, but as she looks for work, she finds a kindred sense of belonging at Cafe Decadence, the local coffee shop. Still, somehow, it doesn't make sense to her that life could be this easy. The more she falls in love with her friends in Ithaca, the more she can't shake the feeling that she'll hurt them the way she's been hurt.As April moves through the world, meeting people who feel like home, she chronicles her life in the songs she writes and discovers that where she came from doesn't dictate who she has to be. "The Heart Principle" by Helen Hoang Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When violinist Anna Sun accidentally achieves career success with a viral YouTube video, she finds herself incapacitated and burned out from her attempts to replicate that moment. And when her longtime boyfriend announces he wants an open relationship before making a final commitment, a hurt and angry Anna decides that if he wants an open relationship, then she does, too. Translation: She's going to embark on a string of one-night stands — the more unacceptable the men, the better.That's where tattooed, motorcycle-riding Quan Diep comes in. Their first attempt at a one-night stand fails, as does their second and their third, because being with Quan is more than sex — he accepts Anna on an unconditional level that she has just started to understand. However, when tragedy strikes Anna's family, she takes on a role that she is ill-suited for until the burden of expectations threatens to destroy her. Anna and Quan have to fight for their chance at love — but to do that, they also have to fight for themselves. "Instructions for Dancing" by Nicola Yoon Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.40Evie Thomas doesn't believe in love anymore. Especially after the strangest thing occurs one otherwise ordinary afternoon: She witnesses a couple kiss and is overcome with a vision of how their romance began… and how it will end. After all, even the greatest love stories end with a broken heart, eventually.As Evie tries to understand why this is happening, she finds herself at La Brea Dance Studio, learning to waltz, fox-trot, and tango with a boy named X. X is everything that Evie is not: Adventurous, passionate, daring. His philosophy is to say yes to everything — including entering a ballroom dance competition with a girl he's only just met.Falling for X is definitely not what Evie had in mind. If her visions of heartbreak have taught her anything, it's that no one escapes love unscathed. But as she and X dance around and toward each other, Evie is forced to question all she thought she knew about life and love. In the end, is love worth the risk? "Once There Were Wolves" by Charlotte McConaghy Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.99Inti Flynn arrives in Scotland with her twin sister, Aggie, to lead a team of biologists tasked with reintroducing 14 gray wolves into the remote Highlands. She hopes to heal not only the dying landscape but Aggie, too — unmade by the terrible secrets that drove the sisters out of Alaska.Inti is not the woman she once was, either, changed by the harm she's witnessed ― inflicted by humans on both the wild and each other. Yet, as the wolves surprise everyone by thriving, Inti begins to let her guard down, even opening herself up to the possibility of love. But when a farmer is found dead, Inti knows where the town will lay blame. Unable to accept that her wolves could be responsible, Inti makes a reckless decision to protect them. But if the wolves didn't make the kill, then who did? And what will Inti do when the man she is falling for seems to be the prime suspect? "People We Meet On Vacation" by Emily Henry Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $9.98Poppy and Alex. Alex and Poppy. They have nothing in common. She's a wild child; he wears khakis. She has insatiable wanderlust; he prefers to stay home with a book. And somehow, ever since a fateful car share home from college many years ago, they are the very best of friends. For most of the year, they live far apart — she's in New York City, and he's in their small hometown — but every summer, for a decade, they have taken one glorious week of vacation together.Until two years ago, when they ruined everything. They haven't spoken since.Poppy has everything she should want, but she's stuck in a rut. When someone asks when she was last truly happy, she knows, without a doubt, it was on that ill-fated, final trip with Alex. And so, she decides to convince her best friend to take one more vacation together — lay everything on the table, make it all right. Miraculously, he agrees.Now she has a week to fix everything. If only she can get around the one big truth that has always stood quietly in the middle of their seemingly perfect relationship. What could possibly go wrong? "The Inheritance of Orquídea Divina" by Zoraida Cordove Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $21.49The Montoyas are used to a life without explanations. They know better than to ask why the pantry never seems to run low or empty or why their matriarch won't ever leave their home in Four Rivers — even for graduations, weddings, or baptisms. But when Orquídea Divina invites them to her funeral and to collect their inheritance, they hope to learn the secrets that she has held onto so tightly their whole lives. Instead, Orquídea is transformed, leaving them with more questions than answers.Seven years later, her gifts have manifested differently for Marimar, Rey, and Tatinelly's daughter, Rhiannon, granting them unexpected blessings. But soon, a hidden figure begins to tear through their family tree, picking them off one by one as it seeks to destroy Orquídea's line. Determined to save what's left of their family and uncover the truth behind their inheritance, the four descendants travel to Ecuador — to the place where Orquídea buried her secrets and broken promises and never looked back. "Damnation Spring" by Ash Davidson Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.81Colleen and Rich Gundersen are raising their young son, Chub, on the rugged California coast. It's 1977, and life in this Pacific Northwest logging town isn't what it used to be. For generations, the community has lived and breathed timber; now, that way of life is threatened. Colleen is an amateur midwife. Rich is a tree-topper. It's a dangerous job that requires him to scale trees hundreds of feet tall — a job that both his father and grandfather died doing. Colleen and Rich want a better life for their son — and they take steps to assure their future. Rich secretly spends their savings on a swath of ancient Redwoods. Colleen, desperate to have a second baby, challenges the logging company's use of herbicides that she believes are responsible for the many miscarriages in the community — including her own. The pair find themselves on opposite sides of a budding conflict that threatens the very thing they are trying to protect: Their family. "The Star-Crossed Sisters of Tuscany" by Lori Nelson Spielman Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $10.95Since the day Filomena Fontana cast a curse upon her sister more than 200 years ago, not one second-born Fontana daughter has found lasting love. Some, like second-born Emilia, the happily single baker at her grandfather's Brooklyn deli, claim it's an odd coincidence. Others, like her sexy, desperate-for-love cousin Lucy, insist it's an actual hex. But both are bewildered when their great-aunt calls with an astounding proposition: If they accompany her to her homeland of Italy, Aunt Poppy vows she'll meet the love of her life on the steps of the Ravello Cathedral on her 80th birthday — and break the Fontana Second-Daughter Curse once and for all.Against the backdrop of wandering Venetian canals, rolling Tuscan fields, and enchanting Amalfi Coast villages, romance blooms, destinies are found, and family secrets are unearthed — secrets that could threaten the family far more than a centuries-old curse. "The Last Thing He Told Me" by Laura Dave Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $12.92Before Owen Michaels disappears, he smuggles a note to his beloved wife of one year: Protect her.Despite her confusion and fear, Hannah Hall knows exactly to whom the note refers — Owen's 16-year-old daughter, Bailey. Bailey, who lost her mother tragically as a child. Bailey, who wants absolutely nothing to do with her new stepmother. As Hannah's increasingly desperate calls to Owen go unanswered, as the FBI arrests Owen's boss, as a US marshal and federal agents arrive at her Sausalito home unannounced, Hannah quickly realizes her husband isn't who he said he was. And that Bailey just may hold the key to figuring out Owen's true identity — and why he disappeared.Hannah and Bailey set out to discover the truth. But as they start putting together the pieces of Owen's past, they soon realize they're also building a new future — one neither of them could have anticipated.You can read our interview with author Laura Dave here. "The Office of Historical Corrections" by Danielle Evans Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $17.49Danielle Evans is known for her blisteringly smart voice and X-ray insights into complex human relationships. With "The Office of Historical Corrections," Evans zooms in on particular moments and relationships in her characters' lives in a way that allows them to speak to larger issues of race, culture, and history. She introduces us to Black and multiracial characters experiencing the universal confusions of lust and love and getting walloped by grief — all while exploring how history haunts us, personally and collectively. Ultimately, she provokes us to think about the truths of American history — about who gets to tell them and the cost of setting the record straight. "Infinite Country" by Patricia Engel Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.80I often wonder if we are living the wrong life in the wrong country.Talia is being held at a correctional facility for adolescent girls in the forested mountains of Colombia after committing an impulsive act of violence that may or may not have been warranted. She urgently needs to get out and get back home to Bogotá, where her father and a plane ticket to the United States are waiting for her. If she misses her flight, she might also miss her chance to finally reunite with her family.How this family came to occupy two different countries — two different worlds — comes into focus like twists of a kaleidoscope. We see Talia's parents, Mauro and Elena, fall in love in a market stall as teenagers against a backdrop of civil war and social unrest. We see them leave Bogotá with their firstborn, Karina, in pursuit of safety and opportunity in the United States on a temporary visa, and we see the births of two more children, Nando and Talia, on American soil. We witness the decisions and indecisions that lead to Mauro's deportation and the family's splintering — the costs they've all been living with ever since. Read the original article on Business Insider.....»»

Category: worldSource: nytOct 15th, 2021

The daughter of the Russian journalist who won the Nobel Peace Prize told us why the big win is really an honor for their dad"s "dead colleagues"

Finley Muratova is the daughter of journalist and Nobel laureate Dmitry Muratov. They spoke to Insider about their dad's historic win and why they've decided to be a reporter as well. Finley Muratova, pictured here at age 10 taking a selfie with their father's camera. Photo courtesy of Finley Muratova The daughter of Dmitry Muratov, one of the winners of this year's Nobel Peace Prize, is studying to be a journalist at New York University. Finley Muratova, 21, sees the honor as a win for the Russian newspaper their father leads, as well as for the journalists killed protecting the freedom of the press. Among those was investigative reporter Anna Politkovskaya, who was murdered in 2006. Muratova knew her as a child, and they said she's inspired their career. Russian journalist Dmitry Muratov phoned his daughter Finley Muratova last Friday after he'd won the Nobel Peace Prize - but because Muratova is a college student in New York, the call reached them at 6 a.m while they were still in bed."I got scared that something bad must have happened," Muratova, 21, told Insider. "And then he told me the news, and I was quite dumbfounded in a good way."Muratova is used to feeling dread when family calls from Russia. Their dad may be one of the biggest names in the world of reporting after co-winning the Peace Prize with Filipina journalist Maria Ressa, but he also leads a newsroom in a country where watchdog groups say 23 journalists have been killed in the last 10 years.This harsh reality has been part of Muratova's life since they were a child, when their dad would share tales from the life of a slain reporter instead of bedtime stories. And now as a journalist in training completing their last year of school at New York University, Muratova said that the sacrifices made by champions of free speech are what drove them to follow in their father's footsteps."I just always knew that I wanted to be a journalist, because of my dad and because of the people that I grew up around," they said in a Zoom interview with Insider. Dmitry Muratov, editor-in-chief of the Russian newspaper Novaya Gazeta, talks to the media. Sergei Bobylev/TASS via Reuters As a child, Muratova would run down the hallways of Novaya Gazeta, the Russian newspaper that Muratov co-founded in 1993 (he currently serves as its editor-in-chief). The Nobel Committee described the outlet as "the most independent newspaper in Russia today, with a fundamentally critical attitude towards power."One of its most influential staffers was Anna Politkovskaya, an internationally renowned investigative reporter who spoke out against human-rights abuses. She was shot and killed in her Moscow apartment building in 2006."When Anna was murdered, life changed a lot," said Muratova, who was 6 years old at the time. "I don't think it was ever particularly safe for my father or his colleagues. But it felt like life changed a lot - for me at least."Though Muratova doesn't remember their childhood interactions with Politkovskaya, they said the slain reporter has been a major influence in their career as a burgeoning reporter. Muratova has written about Politkovskaya for The Nation, and they've translated the subtitles in a documentary released by Novaya Gazeta on Oct. 6, a day before the statute of limitations on the murder's investigation was set to expire. (The Nobel Committee announced the Peace Prize on Oct. 8.)"I think that for a solid while, I felt like I was losing hope in journalism or human-rights defenses, or in goodness, for that matter," Muratova said. "And the way she never gave up was something that always made me feel like there has to be a reason to not give up. And I think that that's why writing about her was the path I took."In their own work as a journalist in the U.S., Muratova reports on Title IX cases and investigates the ways that the Department of Education has failed survivors of sexual violence.Title IX is a federal civil rights law that prohibits sexual discrimination, including sexual harassment and campus violence, at educational institutions that receive federal funding.Muratova said they found their current calling when NYU rehired a professor it had previously suspended after finding she had sexually harassed a student. Muratova, who describes themselves as someone who rarely gets angry, was furious.As a writer for Washington Square News, the independent student-run newspaper at NYU, Muratova wrote an opinion piece that revealed that they had been sexually assaulted as a teenager.Going public with their experience was not Muratova's original intent for the piece, but the admission allowed others to reach out to them directly."I started receiving a cascade of emails from people who went for Title IX at NYU [and felt] let down by the school, either by incompetence or by the school's self-preservation instinct," Muratova said. "My father taught me the sheer importance of being humane and available to people who might need me."The show of support pushed them to dig deeper into the issue, and it's just one of many topics they hope to continue covering after graduating this coming spring."I hope I can do justice to the people who choose to trust me with their stories," Muratova said. "I hope I have a strong enough moral compass that I can keep holding on to that hope no matter where I go."For now, Muratova is taking time to reflect on their dad's historic win, which they're quick to emphasize is really a win for the newsroom he runs. (Muratov has pledged to donate the Nobel's cash winnings to charities and special causes, including a prize named after Politkovskaya.)Both Muratova and their dad have said the Nobel is a symbolic honor for murdered reporters like Politkovskaya."It's an award handed to his dead colleagues. And I know that he said that, but I also solemnly believe that I don't think it's just his by any means," Muratova said. "I hope that it shows the international community that there's a need to pay attention to what's happening to the free media in Russia. So for now, I would say fingers crossed that it brings attention to the issue. And then we'll see where we move from there."Read the original article on Business Insider.....»»

Category: dealsSource: nytOct 13th, 2021

Tesla Must Answer For Failure to Recall Autopilot Software After Crashes

(DETROIT) — U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway Traffic Safety Administration told the electric car maker Tuesday that it must recall… (DETROIT) — U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway Traffic Safety Administration told the electric car maker Tuesday that it must recall vehicles if an over-the-internet update deals with a safety defect. “Any manufacturer issuing an over-the-air update that mitigates a defect that poses an unreasonable risk to motor vehicle safety is required to timely file an accompanying recall notice to NHTSA,” the agency said in a letter to Eddie Gates, Tesla’s director of field quality. [time-brightcove not-tgx=”true”] The agency also ordered Tesla to provide information about its “Full Self-Driving” software that’s being tested on public roads with some owners. The latest clash is another sign of escalating tensions between Tesla and the agency that regulates vehicle safety and partially automated driving systems. In August the agency opened an investigation into Tesla’s Autopilot after getting multiple reports of vehicles crashing into emergency vehicles with warning lights flashing that were stopped on highways. The software can keep cars in their lane and a safe distance from vehicles in front of them. Messages were left early Wednesday seeking comment from Tesla. NHTSA opened a formal investigation of Autopilot after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the U.S. since the start of the 2014 model year. Of the dozen crashes that are part of the probe, 17 people were injured and one was killed. According to the agency, Tesla did an over-the-internet software update in late September that was intended to improve detection of emergency vehicle lights in low-light conditions. The agency says Tesla is aware that federal law requires automakers to do a recall if they find out that vehicles have safety defects. The agency asked for information about Tesla’s “Emergency Light Detection Update” that was sent to certain vehicles “with the stated purpose of detecting flashing emergency vehicle lights in low light conditions and then responding to said detection with driver alerts and changes to the vehicle speed while Autopilot is engaged.” The letter asks for a list of events that motivated the software update, as well as what vehicles it was sent to and whether the measures extend to Tesla’s entire fleet. It also asks the Palo Alto, California, company whether it intends to file recall documents. “If not, please furnish Tesla’s technical and/or legal basis for declining to do so,” the agency asks. Philip Koopman, a professor of electrical and computer engineering at Carnegie Mellon University, said NHTSA clearly wants Tesla to issue a recall. “They’re giving Tesla a chance to have their say before they bring the hammer down,” said Koopman, who studies automated vehicle safety. When automakers find a safety defect, they must tell NHTSA within five working days, and they’re required to do recalls. NHTSA monitors the recalls to make sure they cover all affected vehicles.. Automakers are required to notify all owners with letters explaining the repairs, which must be done at company expense. A public recall allows owners to make sure the repairs are done, and so people buying cars are aware of potential safety problems. NHTSA’s actions put all automakers on notice that when they do software updates via the internet, they have to be reported to the agency if they fix a safety problem. It’s another new technology that the agency has to deal with as numerous automakers follow Tesla with internet software capability. “Now every company has exposure every time they do an over-the-air update because NHTSA may come back weeks later and say ‘wait a minute, that was a stealth recall,’” Koopman said. Tesla has to comply with the request by Nov. 1 or face court action and civil fines of more than $114 million, the agency wrote. In a separate order to Tesla, NHTSA says that the company may be taking steps to hinder the agency’s access to safety information by requiring drivers who are testing “Full Self-Driving” software to sign non-disclosure agreements. The order demands that Tesla describe the non-disclosure agreements and say whether the company requires owners of vehicles with Autopilot to agree “to any terms that would prevent or discourage vehicle owners from sharing information about or discussing any aspect of Autopilot with any person other than Tesla.” Responses must be made by a Tesla officer under oath. If Tesla fails to fully comply, the order says the matter could be referred to the Justice Department. It also threatens more fines of over $114 million. Tesla has said that neither vehicles equipped with “Full Self-Driving” nor Autopilot can drive themselves. It warns drivers that they must be ready to intervene at all times. Shares of Tesla rose slightly in Wednesday morning trading. It was unclear how Tesla and CEO Elon Musk will respond to NHTSA’s demands. The company and Musk have a long history of sparring with federal regulators. In January, Tesla refused a request from NHTSA to recall about 135,000 vehicles because their touch screens could go dark. The agency said the screens were a safety defect because backup cameras and windshield defroster controls could be disabled. A month later, after NHTSA started the process of holding a public hearing and taking Tesla to court, the company agreed to the recall. Tesla said it would replace computer processors for the screens, even though it maintained there was no safety threat. Musk fought with the Securities and Exchange Commission over a 2018 tweet claiming that he had financing to take Tesla private, when that funding was not secured. He and the company agreed to pay $20 million each to settle allegations that he misled investors. Musk branded the SEC the “shortseller enrichment commission,” distorting the meaning of its acronym. Short sellers bet that a stock price will fall. The new demands from NHTSA signal a tougher regulatory stance under President Joe Biden on automated vehicle safety compared with the previous administrations. The agency had appeared reluctant to regulate the new technology for fear of hampering adoption of the potentially life-saving systems......»»

Category: topSource: timeOct 13th, 2021

Meet Hui Ka Yan, the billionaire at the head of Evergrande, the massive Chinese property development company in danger of defaulting on $300 billion in loans

The property giant's founder grew up in a rural family and worked in the steel industry. Now, he's one of China's richest men. Bobby Yip/Reuters Hui Ka Yan is the founder and chairman of property giant Evergrande. He was born in a rural village and worked in the steel industry before founding Evergrande in 1997.While his company is now $300 billion in debt, Hui has made $5.3 billion in dividends over the last four years.See more stories on Insider's business page. Evergrande, China's second biggest property developer, is $300 billion in debt - the largest amount of debt of any company in the world. An Evergrande housing complex. STR/ Getty images Property giant Evergrande is teetering on the edge of defaulting on $300 billion worth of loans that it took to build projects it can't sell off.With over 1,300 real estate projects and 7.3 billion square feet of contracted land, Evergrande's possible collapse has experts worried that it could rattle the entire Chinese economy in one fell swoop.Some are calling it China's potential "Lehman Brothers" moment.But while the company continues to sag under the weight of its liabilities, its chairman and founder, the billionaire Hui Ka Yan, has been earning billions from Evergrande.Keep scrolling to find out more about Hui Ka Yan.  Hui Ka Yan was worth $27.7 billion in March, though he's lost a substantial amount of that wealth since. China Evergrande Group Chairman of the Board Hui Ka-yan attends China Evergrande Group 2016 Annual Results at Island Shangri-La, Hong Kong in Admiralty. Xiaomei Chen/South China Morning Post via Getty Images Hui Ka Yan, 62, was worth $27.7 billion in March, according to a Forbes billionaire list that placed him as the 53rd richest man in the world.But after Evergrande's stock plunged 80% this year, he lost a significant amount of his wealth.Accounts vary at the total loss. Forbes estimates he's now worth $11.1 billion. Meanwhile, Bloomberg's billionaire index puts his net worth at $7.5 billion after losing $15.8 billion of his fortune this year.Either way, he's still exceedingly rich. Hui, whose name is Xu Jiayin in Chinese Mandarin, has also been a professor at his alma mater, the Wuhan University of Science and Technology, since 2003. He's currently married to Ding Yumei, a woman from a well-off family whom he met while working one of his first jobs at an iron and steel company, according to local media outlet Sports QQ. The couple has two children and lives in Shenzhen, China. He grew up in a rural village in the Chinese province of Henan and came from a working-class family. Evergrande Group Chairman Hui Ka Yan (C) attends Evergrande New Energy Auto Global Strategic Partners Summit on November 12, 2019 in Guangzhou, Guangdong Province of China. VCG/VCG via Getty Images Hui was born on October 9, 1958, in a rural village of 50,000 people in China's Henan province. His father was a retired soldier who fought in the Second Sino-Japanese War in the 1930s to 1940s and later worked in a warehouse, according to an article posted to the news arm of Sina.After graduating high school, he worked at a cement factory and his father's warehouse, before starting his university education at the Wuhan Institute of Iron and Steel in 1978, where he studied metallurgy, the outlet reported.    Hui worked for 10 years at a steel factory in the 1980s, before founding Evergrande. A worker monitors next to an oven during a government organised tour at a Tiangong International plant, makers of high quality steel and tools, in Zhenjiang in China's eastern Jiangsu province on October 12, 2020. HECTOR RETAMAL/AFP via Getty Images After graduating from college, Hui was assigned to work at a heat treatment shop in Wuyang Iron and Steel Company, where he met his wife. He rose quickly through the ranks and was promoted to director of the company in 1985, according to Sports QQ.After working ten years there, Hui resigned in 1992 and moved to Shenzhen, where he took up leadership positions in a trading company.In 1996, he moved to Guangzhou and founded the Evergrande Group, as China began its rapid urbanization, and its housing market started to grow. In 2020, Evergrande drew in around $76 billion in revenue. Workers walk in front of the Evergrande headquarters in Shenzhen, southeastern China on September 26, 2021. NOEL CELIS/AFP via Getty Images Hui focused his company mostly on building high-rise apartments, taking loans to build at low costs, and then selling them off-plan, meaning investors and buyers could purchase the properties before they're built. Under Hui, Evergrande was raking in hundreds of millions of dollars in revenue a year when it went public in 2009 on the Hong Kong stock exchange.By 2020, Evergrande was hauling in $76 billion a year in revenue and $18 billion in gross profit and had expanded its real estate empire to 280 cities, per its annual report. It currently has around 200,000 full-time employees, and according to its website, claims to have generated approximately 3.8 million jobs in China.But its debts also piled up. The company started borrowing more, racking up $200 billion worth of liabilities from 2014 to 2020 alone, according to company reports. In the same time frame, Hui grew his fortune by $30 billion, partially off dividends while his company became more indebted. Hui Ka Yan, a member of the CPPCC National Committee and chairman of Evergrande Group, attends a press conference at the fifth session of the 12th CPPCC National Committee on March 9, 2017 in Beijing, China VCG/VCG via Getty Images As Evergrande's liabilities started accelerating in 2014, so did Hui's wealth. He grew his fortune to a peak of $36.2 billion in 2019, according to Forbes. That same year Evergrande's debts jumped $42.8 billion.Hui, who owns 71% of Evergrande's shares, has been paid $8 billion in dividends in the last ten years, reported Forbes. He received $5.3 billion of these dividends from 2017 to 2020, when Evergrande's debt started burgeoning to the $300 billion it is today.Even if the value of his shares in Evergrande reaches zero, the fortune he has made from his dividends would still make him one of the 100 richest men in China, noted Forbes reporter Hank Tucker. Hui diversified Evergrande, diving into soccer, bottled water, and an amusement park. Guangzhou Evergrande FC playing its opponents in the AFC Champions League. Xinhua/Nikku via Getty Images Hui's ambitions didn't stop at real estate. He acquired a soccer team from Guangzhou in 2010, and hired World Cup-winning managers Marcello Lippi and Luiz Felipe Scolari.The team, called Guangzhou Evergrande FC, has won the Asian Football Confederation's Champions League twice — in 2013 and 2015 — and has gotten first place in the Chinese Super League eight times in the last decade. It was also the first Asian club to be listed for an IPO in China in 2015, but has recently been hit with losses and plans to delist itself, reported Bloomberg. Earlier this year, it also attempted to distance itself from Evergrande by removing the company's name from its name. Evergrande has also made forays into the bottled water market, and owns a 49% stake in Evergrande Spring, which sells water in 500,000 locations around China, according to its 2020 annual report.Among its other investments, including stakes in tourism, healthcare, and finance, it's building an amusement park that Hui said in Evergrande's report combines "physical amusement and online entertainment." Called Evergrande Fairyland, it's meant to cater to kids under 15. He wants to beat Tesla on the new-energy car market. The Hengchi car launched by Evergrande in April. Costfoto/Barcroft Media via Getty Images Hui might also be looking to challenge Elon Musk's Tesla as a leader in the energy vehicle market. In 2019, Evergrande spent billions in research and development to create 14 car models, per its annual report.A year later, it unveiled six electric car models, vowing to become the world's leading electric vehicle producer within five years.Dubbed the "Hengchi" line, the cars range from SUVs to sedans. But Evergrande Auto hasn't actually sold any cars, Bloomberg reported in April.On Monday, it announced it would put on hold its plans for a listing on the Chinese market, while Evergrande as a whole deals with its debt issues, according to Nikkei."It's a weird company," Bill Russo, the founder and CEO of Automobility Ltd., told Bloomberg. "They've poured a lot of money in that hasn't really returned anything, plus they're entering an industry in which they have very limited understanding." Hui's Evergrande group has been rebuked by Chinese officials, but he doesn't seem to be under fire at the moment. Professor Hui Ka Yan (centre), Chairman of the Board, Evergrande Real Estate Group, attends the Company's interim results announcement 2015 press conference at Four Seasons Hotel Hong Kong, Central. Nora Tam/South China Morning Post via Getty Images According to Evergrande's annual report, Hui is a member of the National Committee of the Chinese People's Political Consultative Conference — an official group of Communist party members who advise the Chinese government and its legislative bodies. As such, he's generally avoided trouble with Beijing.When Evergrande's debt problems started to surface, and the company began making headlines, China's top regulators sent out a rare reprimand to the real estate company in August, telling it to fix its loan issues and stop spreading "untrue" information.But just a month before that, Hui was photographed posing at Tiananmen Square at China's 100th anniversary, a sign that he remains in good standing with the ruling party.Still, Montreal-based researchers who study Chinese elite politics told The Financial Times that being extended an invitation to the anniversary meant that Hui is on leader Xi Jinping's "radar," which usually bodes bad news.Evergrande and Hui Ka Yan's representatives did not immediately respond to Insider's requests for comment. Read the original article on Business Insider.....»»

Category: personnelSource: nytSep 27th, 2021

Ignored Warnings, Deferred Maintenance Caused Michigan Dams To Collapse

Ignored Warnings, Deferred Maintenance Caused Michigan Dams To Collapse By Julie Strupp of ConstructionDive, Following the rare and dramatic collapse of the Edenville and Sanford dams in Midland County, Michigan, in May 2020 that forced 10,000 residents to evacuate, a newly released preliminary report sheds light into why they failed, and offers safety lessons for other aging, earthen infrastructure.  The independent investigation from the Federal Energy Regulatory Commission (FERC) covers the physical mechanisms involved in the accident but doesn’t place blame; a final report expected in several months will delve into human factors.  The report says poor construction and ignored upkeep, combined with intense rainfall, were the primary causes of the failure. Experts previously assumed that only an earthquake could cause a dam embankment to liquify the way it did in Edenville. A series of failures On May 19, 2020, water poured into the Wixom Lake reservoir, filling it to a record high. This waterlogged the dam’s embankment, which caused it to liquify and collapse, per the report. This overwhelmed the downstream Sanford Dam, causing it to fail as well. The problems started long before that day though: The two dams were built in the 1920s, but a key embankment wasn’t compacted the way it was supposed to be, setting it up for failure about 100 years later. Boyce Hydro bought the Edenville, Sanford, and two other central Michigan dams as tax shelters in 2006 and owned them at the time of the collapse, Bridge Michigan reported.  After the company failed for decades to repair spillways that are supposed to prevent flooding, the FERC revoked the license to generate power for the Edenville dam a year and a half before the accident. The Sanford Dam was an active hydroelectric facility at the time of the incident. A 2012 report by Boyce says that the company knew since at least 2012 that the section of the dam that failed lacked the tile drains that were supposed to line the entire bottom, leaving that soil vulnerable to saturation. The company disputes it is to blame. It also argues area landowners and federal regulators are responsible for rules that made it unable to preemptively drain the lake to make room for the additional rainwater. Other dams at risk While the liquification seen at Edenville is rare, dam failure is unfortunately not unique: The 2017 Oroville Dam incident in California forced 180,000 people to evacuate, and in 2019 the Spencer Dam failure in Nebraska killed one person. Both failures were also sparked by heavy rain. The Michigan dam failures caused about $175 million in damage to homes and buildings and left two lake beds empty. Victims of the incident are suing Boyce Hydro (as well as state and federal regulators) but the company has filed for bankruptcy, thus plaintiffs are unlikely to receive much compensation from it. Experts don’t know exactly how many U.S. dams might have the same issues as Edenville, said Mark Ogden, technical specialist for the Association of State Dam Safety Officials, and information is sparse about the many dams that were constructed a century ago. "We know there are likely about 4,000 high hazard-potential dams that have an assessment rating of poor or are not rated, and it’s likely that a good percentage of those require some remedial action," Ogden said. "The need for action to get these dams upgraded and improved is really significant." More than half of dams are privately owned, and lack of upkeep is sometimes an issue, according to Ogden. Plus, climate change-related extreme weather will put increasing stress on aging dams in coming years, and could cause more breakdowns unless remedial measures are taken, he said. Policy, engineering remedies Going forward, engineers will look for lessons from the incident, according to Ogden.  "Any time we see a failure or incident at a dam, it’s really important to investigate... I think that we will see that dam owners will look at these types of dams and will make decisions based on this new info to make sure it doesn’t happen again," said Ogden. "There are definitely dams out there in a similar situation [as Edenville], and hopefully dam owners and regulators and others in the dam safety field can work together." One of the issues with preventing dam failures is that there isn’t enough funding for inspections and upkeep, according to Ogden. The Twenty-First Century Dams Act, introduced by Sen. Dianne Feinstein (D-CA) in July, would provide $21.1 billion to rehabilitate, retrofit and remove dams as needed, as well as to fund inspections and state safety programs. States regulate about 70% of dams in the U.S. "Many dam safety programs are terribly under-resourced," Ogden said. "[The 21st Century Dam Act] is an important piece of legislation that could help in terms of improving the safety of dams." Tyler Durden Fri, 09/24/2021 - 20:00.....»»

Category: blogSource: zerohedgeSep 24th, 2021

FT & McKinsey Announce Shortlist For 2021 Business Book Of The Year Award

The Financial Times and McKinsey & Company today publishes the shortlist for the 2021 Business Book of the Year Award. Now in its seventeenth year, the Award is an essential calendar fixture for authors, publishers and the global business community. Each year it recognizes a work which provides the ‘most compelling and enjoyable insight into […] The Financial Times and McKinsey & Company today publishes the shortlist for the 2021 Business Book of the Year Award. Now in its seventeenth year, the Award is an essential calendar fixture for authors, publishers and the global business community. Each year it recognizes a work which provides the ‘most compelling and enjoyable insight into modern business issues’. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more This year’s shortlisted books, selected by the nine distinguished judges (see below) are: The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources, by Javier Blas & Jack Farchy, Random House Business, Cornerstone (UK), Oxford University Press (US) Empire of Pain: The Secret History of the Sackler Dynasty, by Patrick Radden Keefe, Picador/Pan Macmillan (UK), Doubleday (US) The Conversation: How Talking Honestly About Racism Can Transform Individuals and Organizations by Robert Livingston, Penguin Business (UK), Currency/Crown (US) The New Climate War: The Fight to Take Back Our Planet, by Michael E. Mann, Scribe (UK), PublicAffairs (US) This Is How They Tell Me the World Ends: The Cyberweapons Arms Race, by Nicole Perlroth, Bloomsbury Publishing (UK), Bloomsbury (US) The Aristocracy of Talent: How Meritocracy Made the Modern World, by Adrian Wooldridge, Allen Lane (UK), Skyhorse (US) Roula Khalaf, Editor of the Financial Times, said: “We had a fabulous longlist of compelling, deeply researched books to choose from this year. Many thanks to the judges for taking the time to read them and engaging in the debate that produced this excellent shortlist. It tackles many of the pressing issues facing business today, including climate change, cybersecurity, and racial discrimination.” Virginia Simmons, Managing Partner - UK, Ireland & Israel, McKinsey & Company, said: “While the continuing impact of the pandemic is reflected in the books that made the list, the breadth and richness of topics here underscores the forward-looking value of this annual book award.  These authors provide compelling and engaging insights into modern business, climate change conversations and our sustainable and inclusive future, setting up a compelling shortlist for the jury to then select a winner, by year-end.” The judging panel, chaired by Roula Khalaf, comprises: Mimi Alemayehou, Senior Vice President, Public–Private Partnerships, Humanitarian & Development Group, Mastercard Mitchell Baker, Chief Executive Officer, Mozilla Corporation, Chairwoman, Mozilla Foundation Mohamed El-Erian, President, Queens’ College, Cambridge University, Advisor to Allianz and Gramercy Herminia Ibarra, Charles Handy Professor of Organisational Behaviour, London Business School James Kondo, Chairman, International House of Japan Randall Kroszner, Norman R. Bobins Professor of Economics & Deputy Dean for Executive Programs, Booth School of Business, University of Chicago Raju Narisetti, Publisher, Global Publishing, McKinsey & Company Shriti Vadera, Chair, Prudential plc The Financial Times and McKinsey & Company winner of the 2021 Business Book of the Year Award will be announced on 1 December at an event co-hosted by Roula Khalaf, Editor of the Financial Times, and Magnus Tyreman, Managing Partner Europe, McKinsey & Company. The winner will receive £30,000 and the author(s) of each of the remaining shortlisted books will be awarded £10,000. The guest speaker will be Alison Rose, Chief Executive Officer, NatWest Group. Previous Business Book of the Year winners include: Sarah Frier for No Filter: The Inside Story of How Instagram Transformed Business, Celebrity and Our Culture (2020); Caroline Criado Perez for Invisible Women: Exposing Data Bias in a World Designed for Men (2019); John Carreyrou for Bad Blood: Secrets and Lies in a Silicon Valley Startup (2018); Amy Goldstein for Janesville: An American Story (2017); Sebastian Mallaby for The Man Who Knew: The Life and Times of Alan Greenspan (2016); Martin Ford for Rise of the Robots (2015); Thomas Piketty for Capital in the Twenty-First Century (2014); Brad Stone for The Everything Store: Jeff Bezos and the Age of Amazon (2013); Steve Coll for Private Empire: ExxonMobil and American Power (2012); Abhijit V. Banerjee and Esther Duflo for Poor Economics (2011); Raghuram Rajan for Fault Lines (2010); Liaquat Ahamed for The Lords of Finance (2009); Mohamed El-Erian for When Markets Collide (2008); William D. Cohan for The Last Tycoons (2007); James Kynge for China Shakes the World (2006); and Thomas Friedman, as the inaugural award winner in 2005, for The World is Flat. To learn more about the award, visit and follow the conversation at #BBYA21. The Shortlist For The Financial Times And McKinsey 2021 Business Book Of The Year Award The World for Sale The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources, by Javier Blas & Jack Farchy, Random House Business, Cornerstone (UK), Oxford University Press (US) In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets; enabling an enormous expansion in international trade, and connecting resource-rich countries – no matter how corrupt or war-torn - with the world's financial centres. And it is the story of how some traders acquired untold political power, right under the noses of Western regulators and politicians – helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of strict sanctions. The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works. Empire Of Pain Empire of Pain: The Secret History of the Sackler Dynasty, by Patrick Radden Keefe, Picador/Pan Macmillan (UK), Doubleday (US) The Sackler name adorns the walls of many storied institutions – Harvard; the Metropolitan Museum of Art; Oxford; the Louvre. They are one of the richest families in the world, known for their lavish donations in the arts and the sciences. The source of the family fortune was vague, however, until it emerged that the Sacklers were responsible for making and marketing Oxycontin, a blockbuster painkiller that was a catalyst for the opioid crisis – an international epidemic of drug addiction which has killed nearly half a million people. In this masterpiece of narrative reporting and writing, Patrick Radden Keefe exhaustively documents the jaw-dropping and ferociously compelling reality. Empire of Pain is the story of a dynasty: a parable of 21st century greed. The Conversation The Conversation: How Talking Honestly About Racism Can Transform Individuals and Organizations by Robert Livingston, Penguin Business (UK), Currency/Crown (US) How can I become part of the solution? In the wake of the social unrest of 2020 and growing calls for racial justice, many business leaders and ordinary citizens are asking that very question. This book provides a compass for all those seeking to begin the work of anti-racism. In The Conversation, Robert Livingston addresses three simple but profound questions: What is racism? Why should everyone be more concerned about it? What can we do to eradicate it? For some, the existence of systemic racism against Black people is hard to accept because it violates the notion that the world is fair and just. But the rigid racial hierarchy created by slavery did not collapse after it was abolished, nor did it end with the civil rights era. Whether it’s the composition of a company’s leadership team or the composition of one’s neighborhood, these racial divides and disparities continue to show up in every facet of society. For Livingston, the difference between a solvable problem and a solved problem is knowledge, investment, and determination. And the goal of making organizations more diverse, equitable, and inclusive is within our capability. Livingston’s lifework is showing people how to turn difficult conversations about race into productive instances of real change. For decades he has translated science into practice for numerous organizations, including Airbnb, Deloitte, Microsoft, Under Armour, L’Oreal, and JPMorgan Chase. In The Conversation, Livingston distills this knowledge and experience into an eye-opening immersion in the science of racism and bias. Drawing on examples from pop culture and his own life experience, Livingston, with clarity and wit, explores the root causes of racism, the factors that explain why some people care about it and others do not, and the most promising paths toward profound and sustainable progress, all while inviting readers to challenge their assumptions. Social change requires social exchange. Founded on principles of psychology, sociology, management, and behavioral economics, The Conversation is a road map for uprooting entrenched biases and sharing candid, fact-based perspectives on race that will lead to increased awareness, empathy, and action. The New Climate War The New Climate War: The Fight to Take Back Our Planet, by Michael E. Mann, Scribe (UK), PublicAffairs (US) A renowned climate scientist shows how fossil fuel companies have waged a thirty-year campaign to deflect blame and responsibility and delay action on climate change, and offers a battle plan for how we can save the planet. Recycle. Fly less. Eat less meat. These are some of the ways that we've been told can slow climate change. But the inordinate emphasis on individual behavior is the result of a marketing campaign that has succeeded in placing the responsibility for fixing climate change squarely on the shoulders of individuals. Fossil fuel companies have followed the example of other industries deflecting blame (think "guns don't kill people, people kill people") or greenwashing (think of the beverage industry's "Crying Indian" commercials of the 1970s). Meanwhile, they've blocked efforts to regulate or price carbon emissions, run PR campaigns aimed at discrediting viable alternatives, and have abdicated their responsibility in fixing the problem they've created. The result has been disastrous for our planet. In The New Climate War, Mann argues that all is not lost. He draws the battle lines between the people and the polluters-fossil fuel companies, right-wing plutocrats, and petrostates. And he outlines a plan for forcing our governments and corporations to wake up and make real change, including: A common-sense, attainable approach to carbon pricing- and a revision of the well-intentioned but flawed currently proposed version of the Green New Deal Allowing renewable energy to compete fairly against fossil fuels Debunking the false narratives and arguments that have worked their way into the climate debate and driven a wedge between even those who support climate change solutions Combatting climate doomism and despair-mongering With immensely powerful vested interests aligned in defense of the fossil fuel status quo, the societal tipping point won't happen without the active participation of citizens everywhere aiding in the collective push forward. This book will reach, inform, and enable citizens everywhere to join this battle for our planet. This Is How They Tell Me the World Ends This Is How They Tell Me the World Ends: The Cyberweapons Arms Race, by Nicole Perlroth, Bloomsbury Publishing (UK), Bloomsbury (US) Zero-day: a software bug that allows a hacker to break into your devices and move around undetected. One of the most coveted tools in a spy's arsenal, a zero-day has the power to silently spy on your iPhone, dismantle the safety controls at a chemical plant, alter an election, and shut down the electric grid (just ask Ukraine). For decades, under cover of classification levels and nondisclosure agreements, the United States government became the world's dominant hoarder of zero-days. U.S. government agents paid top dollar-first thousands, and later millions of dollars-to hackers willing to sell their lock-picking code and their silence. Then the United States lost control of its hoard and the market. Now those zero-days are in the hands of hostile nations and mercenaries who do not care if your vote goes missing, your clean water is contaminated, or our nuclear plants melt down. Filled with spies, hackers, arms dealers, and a few unsung heroes, written like a thriller and a reference, This Is How They Tell Me the World Ends is an astonishing feat of journalism. Based on years of reporting and hundreds of interviews, New York Times reporter Nicole Perlroth lifts the curtain on a market in shadow, revealing the urgent threat faced by us all if we cannot bring the global cyberarms race to heel. The Aristocracy Of Talent The Aristocracy of Talent: How Meritocracy Made the Modern World, by Adrian Wooldridge, Allen Lane (UK), Skyhorse (US) Meritocracy: the idea that people should be advanced according to their talents rather than their status at birth. For much of history this was a revolutionary thought, but by the end of the twentieth century it had become the world's ruling ideology. How did this happen, and why is meritocracy now under attack from both right and left? Adrian Wooldridge traces the history of meritocracy forged by the politicians and officials who introduced the revolutionary principle of open competition, the psychologists who devised methods for measuring natural mental abilities and the educationalists who built ladders of educational opportunity. He looks outside western cultures and shows what transformative effects it has had everywhere it has been adopted, especially once women were brought into the meritocractic system. Wooldridge also shows how meritocracy has now become corrupted and argues that the recent stalling of social mobility is the result of failure to complete the meritocratic revolution. Rather than abandoning meritocracy, he says, we should call for its renewal. About the Financial Times The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of more than one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community. About McKinsey & Company McKinsey & Company is a global management consulting firm committed to helping organisations create Change that Matters. In more than 130 cities and 65 countries, our teams help clients across the private, public and social sectors shape bold strategies and transform the way they work, embed technology where it unlocks value, and build capabilities to sustain the change. Not just any change, but Change that Matters – for their organisations, their people, and in turn society at large. Updated on Sep 24, 2021, 3:13 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 24th, 2021

These Children Are U.S. Citizens. They Need Help, But They Can’t Get the Child Tax Credit

Ivan, just 6 months old, bounces in his baby rocker as a Spanish-language cartoon plays on TV. The living room is small but full, dominated by a tree branch with plastic red blossoms that Ivan’s mother, Sara, made. She asks her 9-year-old daughter, Luz, to leave the room. She’s about to explain something she doesn’t… Ivan, just 6 months old, bounces in his baby rocker as a Spanish-language cartoon plays on TV. The living room is small but full, dominated by a tree branch with plastic red blossoms that Ivan’s mother, Sara, made. She asks her 9-year-old daughter, Luz, to leave the room. She’s about to explain something she doesn’t want her daughter to ever think about again: the event that set off a chain of other events that led to them ending up in southwest Detroit with no money, no way to get around and no identification papers. Without those papers Ivan can’t qualify for any of the assistance the U.S. government provides for its citizens, because they can’t prove he—or they—exist. [time-brightcove not-tgx=”true”] Sara, 27, and her daughter came to the U.S. from the Michoacán region of Mexico, under the asylum program. The father of her daughter, she says, had started selling and using drugs, and one night beat her while their daughter was in the home. They escaped to her relatives’ home, but her husband, concerned that she would report him to the police, monitored her every move. “I just stepped out of the house and he was there,” she says, in Spanish. “So I couldn’t do anything.” Fearing she was endangering her family if she stayed, she fled to the Arizona border, where she was granted provisional asylum, had her passport and all her identification papers taken, was put in an ankle monitoring bracelet and sent to live with a cousin in Chicago. (TIME has agreed to use only the first names of the women in this story, to protect their safety.) In order to get a Mexican passport for her daughter, to complete the asylum requirements, Sara needed a signature from the girl’s father. When she tried to obtain that in 2019, she discovered he had been murdered. She was told by her state-supplied immigration lawyer that with her husband’s demise, she was no longer in danger, and therefore her asylum case was closed and she needed to return to Mexico. Sara says her family warned her, however, that her husband’s brothers had been killed too, along with one of their wives, and his sisters were now seeking asylum. She cut off her ankle bracelet and fled from Chicago to Michigan with a new boyfriend, also Mexican, also in the U.S. without documents. (TIME has confirmed her account with relatives in Mexico.) A year or so afterwards, they had a son. Read More: As Many Americans Get COVID-19 Vaccines and Financial Support, Undocumented Immigrants Keep Falling Through the Cracks For the last three months, millions of U.S. families have gotten a payment of up to $300 for each child in their home from the Internal Revenue Service. There will be one each month until the end of 2021. They are advance tax credits, part of a new program by the Biden Administration touted as the boldest attempt in decades to try to help impoverished families, especially those for whom the pandemic had taken a very harsh toll. Every American citizen child qualifies for this benefit, even those from what is called “mixed status” families—those with some undocumented members. This is a reflection of the twin beliefs that (a) vulnerable children should be helped, no matter their circumstances and (b) that raising children out of grinding poverty is good for the long term economic growth of any country. Children are also the mostly likely age of American to be in poverty. A new Census Bureau report found that 44% of American children experienced at least two consecutive months of poverty between 2013 and 2016, even before the pandemic. Almost immediately after the first payments landed, the US Census Bureau’s monthly Pulse survey detected a drop in “food insufficiency”—the fancy term for people not having enough to eat—and in its measurement of people finding it hard to pay their weekly bills. Instead of 11% of kids going hungry, only 8% were. The improvement was only evident in homes with children, which means that the CTC payments were likely the cause. “There’s been no other social program that has reached this many families this quickly in the history of the country,” says Luke Shaefer, a professor of Social Work and the Director of the Poverty Solutions Center at the University of Michigan, and the co-author, with Kathryn Edin, of the seminal work on American poverty, $2 a Day. In 2018, the two of them, with other scholars, co-authored a paper recommending monthly cash payments, which is seen as one of the bases for the current administration’s program. Because Ivan was born in the U.S., his family qualifies for the credit, money that would help them find their footing, and move out of the unstable financial situation in which they live. But they didn’t get it. They are just one example of an extremely vulnerable household that has not been reached by the new program. The reasons are not novel. An analysis by the Urban Institute in 2019 found that a quarter of people living in poverty do not receive support from any government program. Welfare programs have always suffered from “last mile” issues: a legion of obstructions between the funds available and the families who need them. In many ways, the distribution of the CTC is offering an object lesson in the obstacles America faces when helping its poorest citizens. Cutting child poverty, for some In order to survive, Sara and families like hers live in a kind of nether world of informal economies and networks. Apart from her daughter’s bilingual public school, the household has almost zero contact with any institutions, government or otherwise. It’s necessary for them to be as invisible as possible to the authorities. Ivan’s dad is ferried to and from work with other laborers in a bus. He is paid in cash. They have a car but cannot drive anywhere because they do not have regulation license plates, and cannot afford to be pulled over. Sara’s biggest nightmare is being separated from either of her children; the American one, who is legally allowed to abide in the U.S. whatever happens to his mother, or the Mexican one, who might be separated from her, were Sara to be detained. It’s not like they don’t pay any taxes: many undocumented workers do. Magdalena, who lives in the Bronx, New York, has paid tax at her job in a grocery store for years. She has four children aged from 2 to 15, all born in New York City, after she escaped across the border 17 years ago. Her children need school uniforms and books, but she can’t afford those as well as the rent on her wages now that she is working part-time because her childcare was very limited during the pandemic. She can barely even cover the childcare she has. The CTC would pay her family $1100 a month, but she cannot figure out how to get it. “What we’re doing so far is not perfect,” says Shaefer. “There are people who are being left out.” Because it’s a tax credit, the money is sent to people who have filed taxes, and it has taken a little while for that news to filter out and for people to get their paperwork in order. “The second problem stems from residential complexity and bank account instability that are common among low-income people,” he says. Families who have recently moved to a shelter or started doubling up with other family members, or those whose bank balance went into arrears or were overwhelmed with bank fees might find that the money has been directed to an old address or closed bank account. “That’s something,” says Shaefer, “That is still going to require a lot of work.” Read More: 6 Ways To Use the Child Tax Credit Payments, According to the Experts (Who Are Also Parents) Some critics note that the methods the government is using to distribute funds are long overdue for an update. “It’s just a generation after generation after generation of doing aid through the same large not very nuanced poverty administration systems,” says Tyler Hall, director of communications at GiveDirectly, a non profit that helps donors give simple cash to people in need. Because the administration opted to give the money via the IRS, a large amount of money was sent out widely and very quickly, but not necessarily very accurately. “Prioritizing operational considerations and ease of access stymies a number of the administration’s best ideas,” says Hall. Before the first payment, the government set up a website for folks who had never paid tax so they could still claim the money. But it was loaded with bureaucratic language and not mobile friendly, even though phones are much more widespread in low income communities than computers. As the second payment rolled around, the administration, with the help of Code For America, set up a different website, which is due to go live in “the next few weeks,” according to a statement from the U.S. Department of Treasury. Critics also claim the credits were poorly advertised, utilizing services like Twitter and eschewing old school methods like radio advertisements and mailers, which tend to be where those whose lives are more precarious get their information. And Rosario Alzayadi, a fieldworker with the Detroit agency Starfish, says once she finds these stricken families, it takes a while to build their trust. “When we go to the homes, we kind of see what’s going on,” she says. “But sometimes it takes us a long time to know the family needs.” Many of her clients were unaware they are eligible for reduced-cost internet access, for example, or that even if they’re undocumented, they can still file taxes, and thus become eligible for benefits for their American born children, among others. “Unfortunately,” notes Hall, “the vulnerable will always be the hardest to reach.” Families need more time, experts say Until the pandemic, Sara worked in light construction, but now she stays home. The couple has bought one of Detroit’s many derelict homes, which can cost just a few thousand dollars, and are renovating it themselves. A social worker who is trying to help Sara’s American-born son qualify for the CTC through his father, is gamely dealing with a legion of setbacks. His Mexican passport has expired, the nearest consulate moved from downtown Detroit to Madison Heights, a three hour round trip by public transit. If he can get an appointment (consulates are backed up), and figure out how to travel there (the social worker says she is asking one of her siblings to drive them), get a day off work (his job offers none), and get enough forms of ID to qualify for a passport, it’s possible he can also get a ITIN, a taxpayer number. If he can then wade through enough forms to file a tax return, and get his son’s American birth certificate, Ivan may eventually qualify for some federal help. That’s if the program lasts beyond the end of the year. Read More: Americans Need Recurring Stimulus Checks Until the Pandemic Is Over In some ways Sara is among the lucky ones. He family unit is stable. She dreams of being an interior designer and cabinet maker. Maria, another mother in Michigan with three American-born children under 5, cannot afford those dreams. She and her children’s father do not live together, but he currently pays the rent. Even if all the obstacles to getting the CTC could be overcome, it’s not clear who would get the money. Maria, 26, who first came to the U.S. with her mother to escape the violence of her father, she says, has no work and is reluctant to search for any, because she has no childcare or transport. So she stays home all day, venturing out only occasionally to take the children on the long walk to the nearest grocery store for food, and worries about her elderly mother, who returned to Mexico after her father died and whose health is frail. Despite the program’s shortcomings, Shaefer, the poverty researcher, sees the advanced CTC as a profoundly important development. “I’m just incredibly excited that we have the scaffolding in place, that I think we can continue to improve,” he says. “It’s unprecedented in history that we would have a program that went out to this many families. And the initial evidence is really strong that it’s working in the ways that we think it should be working.” One side benefit Shaefer and other researchers were hoping for is that more families would come out of the shadows, so that they could be reached by social service agencies. The lure of free money is pretty strong, and Sara and other families seem committed to figuring out how to get themselves documented. The IRS is not allowed to share information on the families with other government agencies, whether it’s ICE or Medicaid, but activists hope that the interaction will help them gain some trust in government institutions. Alzayadi, the social worker, says she was inspired to work undocumented families, because as a young mother of four, a home visitor found her, encouraged her to put her situation to rights and showed her the steps she needed to take to get help. In an encouraging sign, a larger number of families applied for and received the August payment than the 35 million who got July payment. One of the unanticipated side effects of the CTC payments might be that it may entice those who have been difficult for social services to reach and the safety net to catch, to finally reach out for some help. —with reporting by Pablo Muñoz-Hernandez.....»»

Category: topSource: timeSep 21st, 2021

Tesla (TSLA) Crash in Florida Triggers 2nd NTSB Scrutiny This Year

The NTSB will investigate the recent lethal crash of Tesla's (TSLA) Model 3 sedan in Florida, which killed two people. The Tesla TSLA vehicle crash in Florida last week, which killed two people, will be investigated by the U.S. National Transportation Safety Board (NTSB).On Sep 13, two people were killed when a Tesla Model 3 collided into a tree and caught fire in Coral Gables, FL. Post the accident, the NTSB tweeted that it is sending a team of three investigators to the accident scene to probe the fiery crash. The NTSB, which makes safety recommendations but does not regulate automakers, noted that it will look closely at the new technology integrated in the Tesla Model 3. The NTSB probe will focus on the operation of the electric compact sedan, and the post-crash fire that exploded and destroyed the car.Per the Coral Gables police, it is still debatable whether or not the Tesla Model 3 involved in the crash was using the electric vehicle (EV) giant’s driver-assistance system called Autopilot. The NTSB will commence its investigation today and plans to complete the work within a week, so as to issue a preliminary report in about 30 days.This will be the second probe by the agency in a fatal accident involving Tesla’s models in less than six months’ time. The NTSB is also investigating a lethal crash in Texas involving a Model S sedan that crashed into a tree and burst into flames, killing both passengers this April.This is not the first time that the EV maker has grabbed eyeballs for the wrong reasons. Several Tesla cars have been involved in crashes earlier as well, where the automaker's Autopilot semi-autonomous driving assist technology was blamed. In some cases, the battery of the car reportedly caused fire incidents.Tesla’s famous Autopilot handles some driving tasks, such as steering, braking and acceleration, and allows drivers to remove their hands from the steering wheel at times but the EV king has still warned drivers to actively supervise the vehicle when using this system. The NTSB had previously investigated three deadly Tesla crashes in which its Autopilot was involved.Also, the lithium-ion batteries that run the Tesla vehicles are highly flammable and extremely difficult to douse. Once damaged, these can reignite hours or days after being extinguished. In January, the NTSB issued a special report about the threats of battery fires used in electric cars, pointing out that auto manufacturers have left emergency responders endangered to battery blazes.The latest federal inquiry comes as Tesla faces enhanced scrutiny from regulators. Last month, the National Highway Transportation Safety Administration (NHTSA) commenced a formal safety probe into Tesla’s Autopilot driver-assistance system after a series of crashes between Tesla vehicles and first responder vehicles occurred.Wedbush Projects Tesla to Hit 1.3M Deliveries in 2022Wedbush Securities, a Los Angeles-based investment firm, anticipates Tesla will deliver 900,000 cars in 2021, followed by 1.3 million deliveries in 2022.Tesla’s annual delivery count has been gaining momentum for years now. As evidence, in 2018, Tesla delivered 245,240 vehicles and in 2019, roughly 367,500 vehicles were delivered. Last year, 499,550 Tesla vehicles were sold.Analysts would have expected Tesla to achieve 1 million deliveries in 2021, had the auto industry not been grappling the severe semiconductor chip dearth. Nonetheless, amid the heightened climate change concerns, with automakers around the globe revving up their efforts to provide green transportation solutions, Tesla continues to dominate the EV sector and is well ahead of its competitors in terms of navigating past the supply-chain issues. Hence, Wedbush expects the EV giant to deliver a record-setting 900,000 cars this year.Tesla, which shares space with General Motors GM, Ford F and Volkswagen VWAGY, currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Volkswagen AG (VWAGY): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Bovard: When Barack Obama Got Away With Murder

Bovard: When Barack Obama Got Away With Murder Authored by Jim Bovard via The Libertarian Institute, This week (Thursday) marked the 10th anniversary of the drone killing of Abdulrahman Al-Aulaqi, a 16 year old born in Colorado and killed in Yemen. He perished as part of Obama’s crackdown on terrorist suspects around the world. His father, who was also an American citizen, was killed two weeks earlier by another drone strike ordered by Obama. I wrote a piece condemning Obama’s assassination program for Christian Science Monitor in 2011,  "Assassination Nation: Are There Any Limits on President Obama’s License to Kill?" I derided the Obama administration’s claim that the president possessed a "right to kill Americans without a trial, without notice, and without any chance for targets to legally object…Killings based solely on presidential commands radically transform the relation of the government to the citizenry." Readers responded by calling for my assassination. My article mentioned an American Civil Liberties Union lawsuit pressuring the Obama administration "to disclose the legal standard it uses to place US citizens on government kill lists."  "Will R." was indignant: "We need to send Bovard and the ACLU to Iran. You shoot traders and the ACLU are a bunch of traders." (I was pretty sure the ACLU was not engaged in international commerce). "Jeff" took the high ground: "Hopefully there will soon be enough to add James Bovard to the [targeted killing] list." Another commenter—self-labeled as "Idiot Savant"—saw a grand opportunity: "Now if we can only convince [Obama] to use this [assassination] authority on the media, who have done more harm than any single terror target could ever dream of..." Here’s a riff I did on Obama’s assassination program in 2013: The Obama administration yesterday leaked out its confidential legal paper on killing Americans to NBC News. Obama’s legal wizards decided that the Fifth Amendment’s pledge that no citizen shall "be deprived of life, liberty, or property, without due process of law" is invalid in cases of imminent attack by terrorists. Though this might sound reasonable, the memo proceeds to craft a totally bogus notion of "imminent." But, as John Glaser notes at, "The memo refers to what it calls a 'broader concept of imminence' than what has traditionally been required, like actual intelligence an ongoing plot against the US. 'The condition that an operational leader present an 'imminent' threat of violent attack against the United States does not require the United States to have clear evidence that a specific attack on U.S. persons and interests will take place in the immediate future,' the memo states, contradicting conventional international law." Obama top adviser Robert Gibbs had said the 16-year old should have had "a more responsible father" when asked directly about the assassination by drone... In a January 2017 USA Today piece, I urged Trump to open the files on Obama’s killings: "Trump should quickly reveal the secret memos underlying Obama’s "targeted killing" drone assassination program. Administration lawyers defeated lawsuits by the ACLU, The New York Times, and others seeking disclosure of key legal papers on how the president became judge, jury and executioner. A Trump administration could disclose the memos and white papers without endangering anything other than the reputation of the soon-to-be former president and his policymakers. Didn’t happen. The Trump administration could have exposed vast numbers of abuses by the Obama administration the same way that Obama (partially) opened the files on some of President George W. Bush’s torture policy and other atrocities. But as usual, the Trump team blew the opportunity. As a result, Obama can pirouette as a champion of civil liberties while the horrendous precedents he set continue to endanger Americans and anyone else in the world in the vicinity of people suspected of bad thoughts by the U.S. government. Hat tip to Dan Alban, an Institute of Justice lawyer who has scourged the Justice Department, IRS, and plenty of other government agencies. Tyler Durden Fri, 10/15/2021 - 23:50.....»»

Category: blogSource: zerohedgeOct 16th, 2021

Trump-backed Republican, eyeing bid for Pennsylvania governor"s office, falsely suggests COVID-19 vaccines are not true vaccines

State Sen. Doug Mastriano, who pushed false claims about the 2020 election, said, "I guess I shouldn't call it a 'vaccine.'" Pennsylvania state Sen. Doug Mastriano, R-Franklin. Julio Cortez/Associated Press Pennsylvania state Sen. Doug Mastriano was first elected in a 2019 special election. His 33rd state senate district is located in the south-central part of the state. He was reelected in 2020 with 68.6% of the vote. He says Pennsylvania's election that year was fraudulent. A Pennsylvania Republican who tried to block his state's votes from being counted in the 2020 election held a fundraiser at a church on Thursday at which he mocked the notion of "herd immunity" and falsely suggested the vaccines against COVID-19 are not really vaccines at all.At a political fundraiser hosted by the tax-exempt, evangelical Time Ministries Church in central Pennsylvania, Mastriano appeared to gear up for a potential run for governor in 2022, having previously claimed that former President Donald Trump personally asked him to do so. His remarks, aired live on Facebook, touched on opposition to vaccine mandates - a bill he introduced prohibits requiring any immunization - and rehashing claims that the 2020 election stolen."So now the healthcare workers, you're in a bad spot there," Mastriano said, blasting "Joe Biden's edicts" that "you need to get the shot.""I guess I shouldn't call it a 'vaccine,'" Mastriano continued, a reference to false claims and disinformation that mRNA vaccines, such as the ones from Pfizer-BioNTech and Moderna, are not true vaccines because they rely on a new medical technology to spur antibody production. The inoculation from Johnson & Johnson is a more traditional vector vaccine.The vaccines, one of which has full FDA approval (Pfizer), and two others that have FDA emergency authorization (Moderna and J&J), are safe and effective at staving off severe cases of COVID-19, per Johns Hopkins. Centers for Disease Control and Prevention Mastriano, who also campaigned against mask-wearing and other public health measures during the pandemic, was himself infected with COVID-19 last year, learning of his positive test during a post-election meeting with Trump at the White House."And who ever heard this idea that you need to get the shot to protect other people?" Mastriano asked the small audience at the church. "You know when I was deployed overseas, and then you get all of these things shoved into your body, like any veteran does, it's not there to protect the Afghans or Iraqis, it protects you. This is not even reasonable or logical," he said.Despite Mastriano's suggestion that the benefits of mass inoculation are a novel argument for the COVID-19 vaccines, it is a basic tenet of modern immunology and a reason why, for example, schools in Pennsylvania require all students to be vaccinated against diseases such as polio, with few exemptions for medical and religious reasons.As the Defense Department's Military Health System explains, "When a vaccine is given to a significant portion of the population, it protects those who receive the vaccine as well as those who cannot receive the vaccine. This concept is called 'herd immunity.' When a high percentage of the population is vaccinated and immune to a disease, they do not get sick - so there is no one to spread the disease to others."Vaccines provide significant protection against infection, though there are sometimes breakthrough infections. That is why the military and schools have mandated many vaccines: to limit the chance that an unvaccinated person - far more likely to be carrying a virus - is in a position to test a vaccinated person's immunity and cause a breakthrough case. Time Ministries Church encouraged attendees to donate to state Sen. Doug Mastriano's political campaign. Facebook At Thursday's fundraiser, the state senator also pushed false claims about the 2020 election. Although Pennsylvania Republicans actually passed a ballot measure this year, limiting Democratic Gov. Tom Wolf's ability to issue public health orders during a pandemic, Mastriano insisted the state's elections are fraudulent, citing a debunked story about ballots being trucked in from New York reiterating his demand for a "forensic audit" like that carried out in Maricopa County, Arizona, which he witnessed over the summer."They had magnifying glasses on one of the machines, they could tell - apparently photocopies are pixelated…. it's very clear that's a compromised ballot," he claimed.But the partisan review in Arizona, commissioned by the state's Republicans, did not find any such "compromised ballots," despite being led by a group, Cyber Ninjas, that was committed to finding them. A third-party review of results in Pennsylvania's Fulton County, pushed by Mastriano, likewise found no evidence of fraud.Mastriano is no stranger to making inaccurate and incendiary claims about the last presidential election, a fact that has won him support from the loser of the contest.As detailed in the interim staff report from the Senate Judiciary Committee, Mastriano - who was outside the US Capitol during the January 6 insurrection, and chartered buses to bring protesters to Washington - last year urged acting Attorney General Richard Donoghue to investigate a slew of readily debunked claims of fraud.For example, the state senator claimed more votes had been cast than there were voters in Pennsylvania, an assertion that failed to account for residents from Philadelphia, among other counties. Mastriano also took part in hearings organized by Rudy Giuliani, supporting the Trump campaign's efforts to have Pennsylvania's election results invalidated.But Mastriano's event on Thursday ended - at least online - not with talk of election fraud but with a question from the audience about his opposition to vaccine requirements. When a woman asked about the status of that effort in the state legislature, Mastriano made sure no one at home could hear his response."Kill my live feed back there," he told an aide.Have a news tip? Email this reporter: cdavis@insider.comRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 15th, 2021

Is It Time For A Special Counsel On The Hunter Biden Scandal?

Is It Time For A Special Counsel On The Hunter Biden Scandal? Authored by Jonathan Turley, “Come on H this is linked to Celtic’s account.” Those nine words from a retired Secret Service agent to Hunter Biden in recently released emails may prove a nasty complication for some in Washington who have struggled to contain the blowback from the still-unfolding scandal linked to Hunter Biden’s infamous laptop. “Celtic” was the Secret Service code name for Joe Biden, and recent disclosures may puncture the media’s cone-of-silence around the scandal. The emails link President Biden to his son’s accounts and indicate a comingling of funds with money coming from controversial foreign sources.  Even more embarrassing, the shared account many have been used to pay a Russian prostitute named “Yanna.” The comingling of funds is the latest contraction of President Biden’s repeated claims that he was unaware and uninvolved in past dealings by his son. Given these links, there are legitimate questions of why the Justice Department has not sought a special counsel in the ongoing investigation of alleged money-laundering and tax violations linked to the president’s son. More importantly, even if there are no criminal charges, there is now a compelling need for an independent report on the alleged influence peddling operation by Hunter, his uncle James Biden, and potentially his father, President Biden. In the latest disclosures from the laptop, a former secret service agent reportedly texted Hunter on May 24, 2018, when he was holed up with a Russian prostitute in an expensive room at The Jeremy Hotel in Los Angeles. Hunter wired the woman $25,000. That alone was nothing out of the ordinary for Hunter who, while his father served as vice president, seemed to divide his time equally between influence-peddling and personal debaucheries. Hunter clearly only had influence and access to sell. We know now that foreign interests gave Hunter millions at a time that he admits that he was a crack addict and alcoholic — in his words, “Drinking a quart of vodka a day by yourself in a room is absolutely, completely debilitating,” as well as “smoking crack around the clock.” However, the tranche of emails raises a new and disturbing element: the possible mixing of accounts and funds between Hunter and his father. If true, President Biden could be directly implicated in ongoing investigations into his son’s money transfers and dealings. Most notable are the new emails from Eric Schwerin, his business partner at the Rosemont Seneca consultancy, referencing the payment of household bills for both Joe Biden and Hunter Biden. He also notes that he was transferring money from Joe Biden. If true, the communications indicate that some of President Biden’s personal expenses were paid out of shared accounts with Hunter, including accounts that may have been used to pay for prostitutes. Rosemont Seneca is directly involved in the alleged influence peddling schemes and questionable money transfers from Chinese and Russian sources. Schwerin also was involved in President Biden’s taxes and discussions of a book deal for the then-vice president; he popped up in the donation of Biden’s official papers to the University of Delaware, with restrictions on access. President Biden has long insisted that that his son did “nothing wrong.” That is obviously untrue. One can argue over whether Hunter committed any crime, but few would say that there is nothing wrong with raw influence peddling worth millions with foreign entities. The public has a legitimate reason to know whether the President or his family ran an influence peddling operation worth millions. Given this record, there is little reason for the public to trust what it is reading about the scandal. The media has long refused to investigate the allegations or even report on emails contradicting the President. This was most evident when social media like Twitter actually blocked postings on the laptop or its content before the election. Powerful figures then issued false statements about the scandal to the public. Committee Chairman Adam Schiff who assured the pubic that the allegations against “this whole smear on Joe Biden comes from the Kremlin.” Some 50 former intelligence officials, including Obama’s CIA directors John Brennan and Leon Panetta, also insisted the laptop story was likely the work of Russian intelligence. The laptop is now recognized as genuine. This is not the first contradiction for President Biden in his repeated denials of knowing anything about his son’s business dealings. Hunter himself contradicted his father’s repeated denial. Likewise, a key business associate of Hunter Biden, Anthony Bobulinski, confirmed the authenticity of the emails and accused Joe Biden of lying about his involvement. Bobulinski has detailed a meeting with Joe Biden in a hotel to go over the dealings. Past emails included discussions of offering access to then-Vice President Biden. They also include alleged payments to Joe Biden. In one email, there is a discussion of a proposed equity split of “20” for “H” and “10 held by H for the big guy?” Bobulinski confirmed that “H” was used for Hunter Biden and that his father was routinely called “the big guy” in these discussions. Just to make things more concerning is Hunter Biden’s recent acknowledgement that one of his laptops may have been stolen by Russian agents and was likely being used for blackmail purposes. The fact that the president’s son admitted that Russians may have intentionally seized one of his laptops during a drug binge, in order to blackmail him, raises serious potential national security concerns — especially if any of the emails include compromising information about the president direct benefiting from the very same accounts used by his son. That creates a rather nasty problem at the Justice Department. Federal regulations allow the appointment of a special counsel when it is in the public interest and an “investigation or prosecution of that person or matter by a United States Attorney’s Office or litigating Division of the Department of Justice would present a conflict of interest for the Department or other extraordinary circumstances.” I do not see direct evidence of criminal conduct by President Biden even if he lied about his past knowledge of this son’s conduct. Indeed, influence peddling is not a per se crime even for Hunter. However, one value of a Special Counsel is the expectation of a report that can address whether the family engaged in influence peddling with foreign powers and whether foreign powers may have acquired compromising material from these laptop files. In 2017, Democratic members activists were adamant that the Justice Department should carry out an investigation involving President Trump and his family.  Then-Senate Minority Leader Chuck Schumer (D-N.Y.) insisted that, without a special counsel, “every American will rightfully suspect … a coverup.” There is already a federal criminal investigation into these matters involving Hunter Biden, and the latest emails now link President Biden receiving money and benefits from related accounts as well as key players. Even if one questions a direct conflict of interest, it is hard to deny the towering appearance of a conflict in the ongoing investigation. “The Big Guy” is now president and his administration is handling an investigation that could have political as well as legal implications for him and his family. It may be time for a special counsel. Tyler Durden Thu, 10/14/2021 - 17:20.....»»

Category: smallbizSource: nytOct 14th, 2021

Coinbase Asks Congress To Create New Standalone Crypto Regulator

Coinbase Asks Congress To Create New Standalone Crypto Regulator Members of the crypto community have clashed with practically every major federal regulator, and even some state players (remember when the New York State Department of Financial Services rolled out its surprisingly restrictive Bitlicense?), while also taking on both chambers of Congress (during the battle over crypto taxes earlier this year). Each of these episodes has been accompanied by anxiety among members of the community and its lobbyists as they battled in the name of protecting the nascent industry from heavy-handed regulators who would stifle innovation. Given it's market position, Coinbase was a major player in all of these battles. And after so many negative encounters with regulators who are, first and foremost, in the pocket of the legacy financials services industry, which crypto implicitly disrupts, Coinbase has released a paper calling for the creation of a new 'crypto regulator' that would be solely responsible for governing the industry. Laws drafted in the 1930s to facilitate effective oversight of our financial system could not contemplate this technological revolution. Unveiled Thursday, Coinbase’s Digital Asset Policy Proposal asks Congress to pass legislation to regulate Marketplaces for Digital Assets (or MDAs, Coinbase's preferred term for crypto exchanges that offer trading and custody services along with borrowing and lending). Coinbase also raised the prospect of establishing a self-regulating organization for the industry, sort of like how Finra regulates broker-dealers in the traditional financial system. CoinDesk, the news site dedicated to crypto assets, first reported on Coinbase's plans last month. In the proposal, four "regulatory pillars" guide the process: regulating digital assets under an industry-specific framework, creating the new regulator, establishing fraud protections and disclosure requirements that become standard for the crypto business while promoting interoperability.   Most pointedly, the proposal is a direct rebuke to SEC chief Gary Gensler, who told members of the House Financial Services Committee that the SEC had 'all the authorities necessary' to regulate crypto, adding "we don't need another regulator." Ultimately, whether Coinbase succeeds or not will come down to Congress, which it is asking to pass a law to create the new crypto regulator and consolidate all the powers of industry regulation within one authority. “This is the kind of issue that requires legislative action,” Faryar Shirzad, Coinbase’s chief policy officer, said during a media preview call Thursday. “Our focus is very much on a legislative effort, which, from our sense of things, is inevitable.” Shirzad acknowledged that Coinbase faces headwinds in getting the federal government to adopt its proposal, but said it is imperative that political leaders consider designing a crypto regulatory regime from new cloth rather than trying to fit the industry into legal regimes designed in a pre-computer era. As Decrypt notes, Coinbase's call for a new "digital first" regulator is consistent with the worldview of the company's CEO Brian Armstrong, who has long been frustrated with the ways of Washington. As recounted in Kings of Crypto, a book about the early days of Coinbase, Armstrong concluded a 2018 trip to the Capitol by proposing to the company's lawyer that the laws governing securities and the SEC should be modernized or replaced. With the regulation-embracing Democrats in power, Coinbase's libertarian-oriented CEO Brian Armstrong would probably have a better shot at making his vision a reality if the GOP were to take back Congress in the midterms (and then the presidency in 2024). Maybe in the meantime, Coinbase can focus on improving its customer service. ,> Tyler Durden Thu, 10/14/2021 - 17:40.....»»

Category: smallbizSource: nytOct 14th, 2021

The best cookbooks to gift or buy for yourself in 2021

A cookbook can be a thoughtful gift for the home cook in your life. We rounded up the 32 best cookbooks, old and new, to buy this year. When you buy through our links, Insider may earn an affiliate commission. Learn more. Amazon; Gilbert Espinoza/Insider A great cookbook makes a thoughtful and sentimental gift that evokes past travels, memories, and shared meals. Here are some of our favorite cookbooks this year, including "The Korean Vegan," "New World Sourdough," and "Xi'an Famous Foods." Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. To me, there's no better gift to give or receive than a great cookbook. A cookbook with beautiful photos, thoughtful narratives, and foolproof recipes can feed the imagination, transport your giftee to another city or country, and inspire them to get creative in the kitchen. There are cookbooks out there to suit every type of cook, whether novice or expert, and feed all interests - from TV show cookbooks to comprehensive tomes on the science of cooking. Every year, hundreds of new cookbooks make their way onto bookstore shelves. Here are our favorite cookbooks, new and old, to gift this year.Here are 32 of the best cookbooks gifts for every type of cook: For the locavore Amazon "New Native Kitchen" by Freddie Bitsoie and James O. Fraioli, available for pre-order at Amazon, $40  Before other cultures and their cuisines came to North America, indigenous people were cooking meals with accessible ingredients. In the "New Native Kitchen," to be released in November of 2021, Freddie Bitsoie and James O. Fraioli explore American Indian recipes from coast to coast, like Chocolate Bison Chili and Prickly Pear Sweet Pork Chops. Bitsoie was the executive chef of Mitsitam Native Foods Café at the Smithsonian's National Museum of the American Indian and is a member of the Navajo nation, and Chef James O. Fraioli is a James Beard Award winner. For the the vegan Amazon "The Korean Vegan Cookbook" by Joanne Lee Molinaro, available on Amazon, $24.77Becoming vegan was a big change for Joanne Lee Molinaro, having grown up with meat-based Korean food. However, it didn't stop her from collecting recipes and recreating the dishes that were so connected to her family history. For Molinaro, the stories of her family's immigration from North Korea to the United States are just as important as the recipes. Molinaro recreates childhood memories, like Jjajangmyeon, Korean-Chinese black bean noodles, and writes new recipes, like the Chocolate Sweet Potato Cake, in honor of the foods that saved her mother's life.   For the no-fuss foodie Amazon "Cooking at Home: Or, How I Learned to Stop Worrying About Recipes (And Love My Microwave)" by David Chang and Priya Krishna, available for pre-order at Amazon, $25You won't find frozen vegetables in Momfuko, but that doesn't mean David Chang has anything against them. In this new book, available on October 26, Chang and co-author, Priya Krishna, explain how they use fine dining principles to make fast, easy, and unpretentious meals at home. For the home cook, it seems like the professional chef can take any ingredients and produce a full, delicious meal. In "Cooking at Home," Chang and Krishna teach you how to do just that.    For the traveler interested in culture and cuisine Amazon "Cook Real Hawai'i" by Sheldon Simeon, available at Amazon, $24.95A finalist in two different seasons of "Top Chef," Sheldon Simeon co-authored a cookbook with Garrett Snyder, transporting readers to the tropical islands of Hawaii. The book dives into stories of Simeon's family, as well as the state's history and cultural traditions. With 100 recipes throughout the book, this personalized guide to Hawaiian cooking has something for beginners and advanced cooks. For the friend who cooks with the seasons Amazon "My Shanghai" by Betty Liu, available on Amazon, $31.79This debut cookbook from Betty Liu (who somehow found the time to author it amid her general surgery residency) is an homage to seasonal cooking and her family's roots in the Chinese regions of Shanghai, Jiangsu, and Zhejiang. I picked up this cookbook up in my local bookstore and couldn't put it down (and ended up bringing it home with me). The chapters are organized by season and explain the influence the weather, holidays, and traditions have on the recipes prepared throughout the year. I love the stories Liu relates about the inspirations behind her recipes, like climbing a mountain to eat Double-Mushroom Noodle Soup at a temple, foraging spring bamboo shoots for Oil-Braised Spring Bamboo, and the bowls of breakfast noodles her father would make her before test days. I've already made the Shanghai Stir-Fried Rice Cakes four or five times, and I can't wait to dive into more of the recipes as the seasons progress.  For the cook who wants to master their grill Amazon "Rodney Scott's World of Barbecue" by Rodney Scott and Lolis Eric Elie, available on Amazon, $17.77My best friend (and fellow cookbook collector) recently texted me raving about this cookbook and the genius of Rodney Scott's Loaded Pork Skin "Nachos," Pit-Smoked Turkey, and whole-hog approach to Carolina barbecue. Scott's positivity and passion shine throughout the book, and you'll learn lots about southern foodways and the history of Carolina barbecue along the way.   For the parent planning their next trip Amazon "Dishoom" by Shamil Thakrar, available on Amazon, $17.29Whether it's London or Bombay that is your giftee's next destination, "Dishoom" is required reading before they jet off. The popular Dishoom restaurants in London are inspired by the Irani cafes of Bombay and serve "tipples," snacks, and mains like Mango Kulfi, Pav Bhaji, and Roomali Roti. In "Dishoom," you'll learn to cook the restaurant's entire menu, and be taken on a tour of Bombay's cafes (complete with a map) along the way.  For the coworker who has *opinions* on babka Amazon "Jew-ish" by Jake Cohen, available at Amazon, $15.79At Insider Reviews we have lots of opinions, especially about food, and a recent debate centered around the merits of cinnamon versus chocolate fillings for babka. I like Jake Cohen's philosophy in "Jew-ish," which is that babka is delicious no matter what you fill it with. "Jew-ish" is a thoughtful collection of recipes centered around Cohen's Ashkenazi heritage, his own self-discovery in the kitchen, and the Persian-Iraqi traditions of his husband. Cohen celebrates the origins of Jewish dishes, while also putting his own twist on the classics. You'll see this in action in his recipes for Cacio e Pepe Rugelach, Black and White Chocolate Chip Cookies, and yes, You Can Go Your Own Way: Babka Edition. For the family member intimidated by their new Instant Pot Amazon "The Step-by-Step Instant Pot Cookbook" by Jeffrey Eisner, available at Amazon, $10.78Insider Reviews reporter, James Brains, is currently testing Instant Pots and other multicookers for an update to our guide to the best electric pressure cookers. He's been using recipes from this cookbook and reports that they're easy to follow, have plenty of photos, and are delicious to boot. The book features more than 750 photos detailing step-by-step how to make the 100+ recipes, and makes a great gift for anyone who is curious about Instant Pots but hasn't taken the plunge yet. For the history buff Amazon "Jubilee" by Toni Tipton-Martin, available on Amazon, $20.07Toni Tipton-Martin's personal collection of African-American cookbooks spans more than 400 titles and her knowledge of American food history is on full display in "Jubilee." Through recipes and stories, she relates the history of Black folks who shaped American cuisine into what it is today, from those who cooked under the confines of brutal enslavement to the chefs who ran White House kitchens. "Jubilee" is a masterful work of American history, as told through food. For the person who loves pie but fears making it Amazon "Pie Academy" by Ken Haedrich, available on Amazon, $17.99A compendium of 255 pie recipes, "Pie Academy" is likely the last pie cookbook you'll ever need. It has nearly a dozen recipes for different types of pie crust, a troubleshooting section for when things don't go as expected, and chapters organized by seasonality and filling type. It's guaranteed to be a hit with the pie lover in your life, especially one who is interested in making pies but has always found them a bit daunting.  For the home cook that also loves to read Amazon "Black, White, and The Grey" by Mashama Bailey and John O. Morisano, available on Amazon, $15.69While not a cookbook, "Black, White, and The Grey," tells the story of one of the most celebrated restaurants in America: The Grey in Savannah, Georgia. Mashama Bailey, who is Black, and John O. Morisano, who is white, relate the story of how they turned a dilapidated formerly segregated Greyhound bus station into an award-winning restaurant. The dual memoir touches on race, community, and friendship, with some delicious food anecdotes along the way. For the friend who wants to master the essentials Amazon "My Korea" by Hooni Kim, available on Amazon, $21.99Michelin-starred chef Hooni Kim's debut cookbook is a crash course in the essentials of Korean cuisine. The book's tagline is "traditional flavors, modern recipes," and that is an accurate summation of what you can expect to find in this cookbook — from Dolsot Bibimbap to Budae Jjigae to Hanjan's Spicy Rice Cakes. When I first laid my hands on this cookbook, I wanted to make (and eat) every single recipe. If you're looking for some solid foundation recipes, "My Korea" delivers. For the friend who knows all the words to "Lady Marmalade" Simon and Schuster "LaBelle Cuisine: Recipes to Sing About" by Patti LaBelle, available at Amazon, $20.99Patti LaBelle is not only the Godmother of Soul and a musical icon, but she is also a New York Times bestselling author for her cookbooks. Her newest cookbook, "Labelle Cuisine: Recipes to Sing About," has recipes centered around LaBelle's family's Southern roots. With comfort-food favorites like potato salad and peach cobbler, she showcases a variety of her recipes that are full of personal touches.  For the person with quarantine cooking fatigue Amazon "Indian-ish" by Priya Krishna, available on Amazon, $18.29In her debut cookbook, Priya Krishna (contributor to Bon Appetit, New York Times, and others) offers up beloved favorite recipes from her Indian-American family, including Tomato Rice with Crispy Cheddar, Malaysian Ramen, and what her dad calls Indian Gatorade (Shikanji). The recipes are largely vegetarian, creative, fun, comforting, and guaranteed to inspire anyone who feels stuck in a rut with their cooking in 2021.  For the cook always on the go Amazon 'The Full Plate" by Ayesha Curry, available on Amazon, $15Ayesha Curry and her husband, basketball star Stephen Curry, have three children and busy schedules. She created her newest cookbook with her energetic household in mind, and it features 100 recipes that take under an hour to make. "The Full Plate" is perfect for anyone who wants to spend less time cooking while still ending up with delicious meals.   For the person who can't get enough of Disney Amazon "The Unofficial Disney Parks Cookbook" by Ashley Craft, available on Amazon, $11.99Technically unofficial, this cookbook will transport you directly into Disneyland. You can replicate a variety of food found in Disney theme parks. It features 100 recipes of iconic Disneyland treats and snacks, including the famous Dole whip, beignets, and more.  For the person who spent 2020 mastering sourdough Amazon "New World Sourdough" by Bryan Ford, available on Amazon, $14.77This was the year of the sourdough starter, and few people are as well-versed in fermented breads as Bryan Ford, blogger and baker. We're not just talking about your classic sourdough boule; Ford is well-known for demonstrating the breadth of what you can do with a sourdough starter: from Sourdough Pan de Coco to Sourdough Discard Battered Fried Chicken. For the cousin who's just learning to cook Amazon "Salt, Fat, Acid, Heat" by Samin Nosrat, available on Amazon, $16.67In this beautifully illustrated cookbook, chef and New York Times columnist Samin Nosrat outlines the foundations of cooking, from when to salt your chicken to how to make the perfect focaccia. All the information is presented in a fun, engaging way alongside original illustrations you'll want to frame and hang in your kitchen. For your family member who loves "Emily in Paris" Amazon "La Buvette" by Camille Fourmont and Kate Leahy, available on Amazon, $14.25"La Buvette" is part cookbook, part guide to French living. Interspersed with recipes from the cookbook's namesake cafe are beautiful pictures of Paris, tips about shopping in France's vintage markets, and instructions on how to dry flowers. The cookbook is a lovely escape into Parisian living, perfect for any Francophile dreaming of a visit to the City of Lights.  For your friend who knows all the best restaurants Amazon "Xi'an Famous Foods" by Jason Wang, available on Amazon, $22.51Xi'an Famous Foods started as a small family-owned market stall in the Flushing neighborhood of Queens. Its hand-pulled cumin lamb noodles have become so loved that there are now 14 locations all around New York City. In this cookbook, the son of the family and CEO of the business Jason Wang divulges some of the recipes that made his family business famous, as well as other classic dishes from Xi'an in western China. For the fan of the 'Great British Baking Show' Amazon "Baking with Kim-Joy" by Kim-Joy, available on Amazon, $14.89Contestants of the Great British Baking Show have come out with several cookbooks, including series nine runner-up Kim-Joy. She is best known for her adorable and creative bakes, like her giant chocolate planet filled with "space turtles," or her "Silke the vegetarian mermaid" pie. Kim-Joy brings the same color and fun to her bakes in her debut cookbook, which includes Pigfiteroles in Mud, Tazhong Cat Buns, and a version of her Space Turtle Cake.  For the person experimenting with a plant-based lifestyle this year Amazon "Vegetable Kingdom" by Bryant Terry, available on Amazon, $17.39James Beard Award-winning chef and food activist Bryant Terry offers 150 vegan recipes in his most recent cookbook. Instead of trying to imitate meaty dishes, Terry's book celebrates the vegetable and all its parts: skin, husk, flowers, roots, and all. You'll find recipes for Pea Shoot and Peanut Salad, Grilled Spring Onions with Lemon-Thyme Oil, Cornmeal-Fried Oyster Mushroom Po'Boys, and more. A special hallmark of Terry's books is that they often contain a playlist to listen to while you're cooking, and "Vegetable Kingdom" is no different, featuring recommended tracks by Duke Ellington, Santana, Björk, and more. For the friend who likes to Instagram all their food Amazon "Ottolenghi Flavor" by Yotam Ottolenghi, available on Amazon, $23.39Yotam Ottolenghi is owner and chef of some of London's most beloved cafes and restaurants. His recipes are some of the most colorful and beautiful out there, and his latest cookbook is no exception. "Flavor" is filled with mostly vegetarian recipes that not only pack a punch visually but flavor-wise, too. Ottolenghi and his co-authors expound the building blocks of flavor in three sections: process, pairing, and produce. The result is more than 100 'gram-worthy recipes from Spicy Mushroom Lasagna to Iceberg Wedges with Smoky Eggplant Cream. For the hummus lover Amazon "Falastin" by Sami Tamimi, available on Amazon, $31.50Longtime Ottolenghi collaborator (and co-author of "Jerusalem," another of our cookbook picks), Sam Tamimi, crafted his latest cookbook as an homage to Palestinian food. The book is rich in recipes, from multiple variations of shakshuka and hummus, to verdant salads, and colorful dips. Along the way, Tamimi tells the culinary history of Palestinian food — from the home cooks feeding their neighbors in refugee camps to the restaurateurs cooking for tourists in Bethlehem. For the person who recently moved Amazon "Molly on the Range: Recipes and Stories from An Unlikely Life on a Farm" by Molly Yeh, available on Amazon, $24.25Molly Yeh is the star of Food Network's "Girl Meets Farm" and winner of the Judges' Choice IACP Cookbook Award. "Molly on the Range" explores home, family, her Jewish and Chinese heritage, and Yeh's Midwestern farm life. You'll find recipes for Sufganiyot, Chicken Potstickers, Challah Waffles, and more. For the pint-sized cook in your life Amazon "The Complete Cookbook for Young Chefs" by America's Test Kitchen, available on Amazon, $11.49I worked for America's Test Kitchen (ATK) for seven years and was privy to the care its team puts into each and every one of its cookbooks. ATK's series of cookbooks for kids is the epitome of that detail and care; every one of the recipes in this volume was tested by pro chefs and kid cooks. The recipes are specifically designed with kids in mind, outlining when to get an adult for help with handling hot ingredients or sharp tools. This is the book I wish was available to me when I was a child, and I've gifted it and the kid's baking book to every kid I know. I love getting reports from their parents about a new recipe they cooked or discovered. For the person always posting pictures of their cheese board Amazon "Platters and Boards: Beautiful, Casual Spreads for Every Occasion" by Shelley Westerhausen, available on Amazon, $15.38In her best-selling cookbook, author and food blogger Shelley Westerhausen shares 40 casual yet chic spreads (complete with meat and drink pairings) that anyone can make and enjoy. It's also a visual cornucopia that's just as satisfying to flip through as to use when hosting get-togethers when it's safe to do so. And if you're looking for a board of your own, we recommend any of these five options.  For the self-described dessert person Amazon "Dessert Person" by Claire Saffitz, available on Amazon, $22.24Claire Saffitz may be known for her wildly popular Gourmet Makes series on YouTube, but she's a pastry chef at heart and her affinity for baked goods is out in full force with her new cookbook "Dessert Person." In this cookbook, you can find creative recipes for Babkallah (a babka-Challah mashup), Apple and Concord Grape Crumble Pie, Strawberry-Cornmeal Layer Cake, and Malted Forever Brownies. It's sure to please the dessert lover in your life. For the person who had to cancel their vacation last year Amazon "Pasta Grannies" by Vicky Bennison, available on Amazon, $18.99Each episode of the "Pasta Grannies" YouTube series is an escape to a different region of Italy, where local grannies (or nonne) teach the audience to prepare and cook a regional dish — from classics like Spaghetti alla Carbonara to a pasta shape from Sardinia only three women know how to make. This cookbook takes some of the most popular videos from the series and turns them into tangible recipes you can cook at home. Between watching the video and cooking from the book, you can transport yourself to a little corner of Italy without leaving your home. For the person homesick for their grandma's cooking Amazon "In Bibi's Kitchen" by Hawa Hassan, available on Amazon, $18.69This cookbook centers around grandmothers (or bibis) from eight south and east African countries. Throughout the book, we get to know the women whose recipes are featured and learn about their personal history and the history of their country. Along the way, you'll find recipes for Eritrean Doro Wat, Tanzanian Date Bread, Kenyan Kachumbari, and more. It's the kind of cookbook that makes think about your grandmother. For the person who lives by a cookie-a-day philosophy Amazon "100 Cookies" by Sarah Keiffer, available on Amazon, $20.76A good ol' chocolate chip cookie never goes out of style, but if you have a cookie lover in your life, consider gifting them this homage to baked goods. You'll find recipes for the classics (including four different variations of chocolate chip cookies) as well cookies you've probably never had before, like Banana-Espresso-Cacao Nib cookies. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

Boeing Shares Drop On New Quality Production Woes Of 787 Dreamliner  

Boeing Shares Drop On New Quality Production Woes Of 787 Dreamliner   Boeing shares tumble after new reports indicate quality control issues plague its flagship 787 Dreamliner.  According to the WSJ report, the wide-body jet airliner has "certain titanium parts" that "are weaker than they should be" that could lead to "premature fatigue."  The new problem continues to tarnish Boeing's reputation for building quality jets a little more than three years after two 737 Max jets crashed due to issues with flight control systems.   A Boeing spokesman said the company is working towards improving production standards:  "We have strengthened our focus on quality and constantly encourage all members of our team and supply chain to raise any issues that need attention," the spokesman said. "When issues are raised, that is an indication that these efforts are working." The new set of problems for the 787 come as the FAA continues to investigate alleged quality-control slips across Boeing's commercial airplane unit, according to an agency letter from Aug. 18. The heart of the problem is that Boeing allowed unqualified workers to examine and sign off on quality checks. The Boeing spokesman said the new issue was discovered by employees conducting an in-house audit on quality-management systems.  WSJ said sources familiar with the titanium parts don't believe it poses an immediate risk to 787s already operating in the field. The parts seem repairable as two undelivered aircraft had titanium components swapped out for new ones that met quality control standards.  The discovery is among other 787 snafus Boeing has been trying to resolve for over a year since gaps between sections of the aircraft were found that could result in premature airframe fatigue.  The FAA hasn't approved Boeing's plan to inspect new 787s before delivery. In late 2019, the agency denied Boeing to perform safety checks before delivering MAX jets. An agency spokesman said regulators will retain the authority "until it is satisfied." Tyler Durden Thu, 10/14/2021 - 08:00.....»»

Category: blogSource: zerohedgeOct 14th, 2021

Obama"s ethics chief slammed the White House over Hunter Biden"s art sales, saying buyers could use them to gain influence with his dad

Walter Shaub said double standards were at play in the White House's silence around Hunter Biden's lucrative art sales. Hunter Biden with some of his artwork. Elizabeth Weinberg/Trunk Archive The Obama White House ethics chief Walter Shaub addressed Hunter Biden's art sales. He described them as a potential "vehicle for funneling cash to the first family" in exchange for influence. The White House had dismissed questions about the art sales, and defended an arrangement to keep buyers' identities secret. Walter Shaub, who served as ethics chief in Barack Obama's administration, has criticized the President Joe Biden's White House for dismissing questions about Hunter Biden's lucrative art sales.Hunter Biden, the president's son, is facing scrutiny for selling his paintings for between $75,000 and $500,000 apiece at a private New York gallery. Biden is not known as an artist and is not critically acclaimed, prompting questions abut the high price tags. The White House has entered into an unusual arrangement with the gallery, whereby Hunter Biden is shielded by the gallery from knowing the identity of the buyers. The idea is that the arrangement will stop buyers from using their purchases to secure influence with the White House.Shaub, who served as the head of Obama's Office of Government Ethics, argued that this arrangement was ineffective because there are loopholes whereby Hunter Biden could become aware of the identity of buyers.He also said that because buyers' identities are not made public, it shields the sales from scrutiny, further muddying the transparency of the arrangement.-Walter Shaub (@waltshaub) October 13, 2021At a Wednesday press briefing, White House Press Secretary Jen Psaki brushed aside a reporter's questions on the arrangement, saying "there's lots going on in the world" as she sought to switch topics. Shaub took issue with the response in a lengthy series of tweets. "These are legitimate questions. It's disappointing to hear [Psaki] send a message that the WH thinks the public has no right to ask about ethics," he said."After the last 4 years, these questions have never been more important," he said, referring to former President Donald Trump's administration. "I know this isn't a popular opinion, but this stuff matters."He said there were serious flaws with the arrangement, and "no ethics program in the world that can be built around the head of state's staff working with a dealer to keep the public in the dark about the identities of individuals who pay vast sums to the leader's family member for subjectively priced items of no intrinsic value." Walter Shaub. Mark Wilson/Getty Images Shaub went on to allege double standards in the Biden White House, highlighting Joe Biden's campaign pledge to end the allegations of corruption that hung over the Trump White House."If this were Trump, Xi or Putin, you'd have no doubt whatsoever that this creates a vehicle for funneling cash to the first family in exchange for access or favors," Shaub wrote, referring to the Chinese and Russian presidents Xi Jinping and Vladimir Putin."It doesn't matter that Trump was worse. What matters is that this sets a low bar for ethics. It embraces the mentality that 'if it's legal, it's fine to do.'"The White House, Hunter Biden's attorney, and Hunter Biden's gallery did not immediately comment to Insider's request for comment on Shaub's remarks.Hunter Biden has long faced criticism, especially from Republicans, for seemingly seeking to profit from his father's political status with his work for the Ukrainian gas firm Burisma and lobbying work in China.Last month Insider's Mattathias Schwartz reported that Hunter Biden had sought $2 million for helping to release assets in Libya frozen by the Obama administration, in which his father served as vice president. His drug addiction and business dealings were also the subject of controversy during the 2020 presidential campaign, when material said to be from an abandoned laptop were published by the New York Post.Biden said he started painting to work through his addiction and other issues in his personal life. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

Putin Blasts Accusations Russia Is Weaponizing Natural Gas As "Politically Motivated Blather" 

Putin Blasts Accusations Russia Is Weaponizing Natural Gas As "Politically Motivated Blather"  In Wednesday remarks aimed at Western press, President Vladimir Putin shot down accusations that Russia weaponizing its supplies of natural gas in order to pressure German regulators to quickly approve switching on the taps for the recently completed Nord Stream 2 pipeline.  He dismissed recent reports accusing the Kremlin of withholding gas supplies to Europe as "politically motivated blather with nothing to support it". The statements were given to CNBC in Moscow as part of the annual Russian Energy Week major industry event, with Putin bluntly saying in response, "We are not using any weapons."  The Russian leader added that "Even during the hardest parts of the Cold War Russia regularly has fulfilled its contractual obligations and supplies gas to Europe," according to the US news network's translation.  Via Last week as Nord Stream 2 critics led by US officials alleged that the Russia-to-Germany pipeline will essentially hold Europe's energy needs hostage to Russian geopolitical whims, Putin instead pointed to Europe's ongoing energy market "hysteria" and crisis as being fundamentally a result of the 'green transition' coupled with corresponding low investment in the extraction industries. In the Wednesday remarks he re-emphasized that there's "nothing to support it [the idea] that we use energy as a kind of weapon," but instead the reality is that Russia is busy "expanding its supplies to Europe." In support of this statement he alluded to state-run Gazprom actually increasing its natural gas flow to Europe by 15% over the first nine months of this year. He added that Russia stands ready to increase its supply if that's what Europe needs and asks for. "Higher gas prices in Europe are a consequence of a deficit of energy and not vice versa and that’s why we should not deal in blame shifting, this is what our partners are trying to do," Putin said during the panel conversation. He again invoked Europe's green agenda as playing a big part in its energy costs soaring just ahead of winter: "You see the problem does not consist in us, it consists in the European side, because, first, we know that the wind farms did not work during summer because of the weather, everyone knows that. Moreover, the Europeans did not pump enough gas into their underground gas facilities... and the supplies to Europe have decreased from other regions of the world." On oil, elsewhere in the conversation he noted that OPEC+ "is doing everything to ensure that the oil market is completely stabilized. We do not allow sharp price spikes and it is not in our interests." "The market has stabilized, but we have not yet reached the pre- crisis production level of 11 million barrels a day. And our position is to increase production in accordance with the growing needs of the market," the Russian president said. And then there was this exchange during the panel conversation: When asked whether oil could reach $100 a barrel, Putin said it’s "quite possible"... "We do not seek to restrain production in such a way that prices skyrocket, as it happens in the gas market. We favor smooth and balanced movement." Gazprom too has been on the defensive in the face of the widespread natural gas restriction accusations coming out of Europe, particularly after last week gas supplies through Belarus to the EU were cut by 70%, according to the company's data. And supplies via Poland too were slashed: "The new figures come after supplies via the Yamal pipeline, which runs from Russia via Belarus to Poland, fell by half last week," EU Observer wrote. "Analysts, such as US investment bank Goldman Sachs, have said the Yamal cuts could lead to higher gas prices in winter," the report added.  But Kremlin spokesman Dmitry Peskov recently fired back that Gazprom has fulfilled its current obligations to the maximum extent possible under existing contracts: "Nothing can be delivered beyond the contracts. How? For free? It is a matter of negotiating with Gazprom," he said. Tyler Durden Wed, 10/13/2021 - 23:05.....»»

Category: blogSource: zerohedgeOct 13th, 2021

How Climate Change and Technological Advances Are Reshaping the Insurance Industry

The insurance industry of today is reaching a tipping point – past which two factors will force it to reshape: climate change and technology. Climate change is bringing reinvention to the way the industry invests – largely in fossil fuels – and its underwriting responsibilities. The manner in which insurance companies deal with both of […] The insurance industry of today is reaching a tipping point – past which two factors will force it to reshape: climate change and technology. Climate change is bringing reinvention to the way the industry invests – largely in fossil fuels – and its underwriting responsibilities. The manner in which insurance companies deal with both of these fronts is thus expected to drastically change in the coming years. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Technological advancement is the second factor reshaping the insurance industry, though in a radically different way to that of climate change. Insurance companies’ technology and operations functions have historically worked separately, with the former merely assisting the latter in being the principal driver of corporate performance. However, this relationship is transforming, as insurers are increasingly allocating more resources to technology functions rather than operational ones. According to Statista, the largest insurance brokers in the US by revenue are: Marsh & McMellan Cos. Inc. (NASDAQ:MMC) Arthur J. Gallagher & Co. (NASDAQ:AJG) Hub International Inc. (NASDAQ:HBG) Effects of Climate Change Underwriting Liabilities The most apparent way in which climate change will reshape the insurance industry is the number of property and casualty claims that insurers can expect. Climate stress tests are beginning to turn over eye-opening results for insurers, and the picture will only become clearer as stress-testing becomes more commonplace. For example, stress tests held by the central bank of France earlier in 2021 found that natural disaster-related insurance claims could increase five times in the nation’s most affected regions; this would cause premiums to surge by as much as 200% in 30 years. In a webinar hosted by S&P Global Sustainable1 in June 2021, Dave Jones, the former California Insurance Commissioner, stated that: “on the underwriting side, one has only to look at both regional and global losses that are driven by catastrophic weather events that in turn are being driven by climate change to understand the enormity of the exposure that insurers have”. Insurers extend coverage to many structures and belongings that may be destroyed or otherwise damaged by climate change through its property and casualty business line. Climate change has only exacerbated extreme weather events over the last twenty years. Moreover, the U.S. experienced 22 extreme weather and climate-intensified disasters that caused over $1B in losses each, according to the National Oceanic and Atmospheric Administration. Accumulatively, these events induced over $95B in damages insurers are liable for and killed at least 262. The increased frequency of such natural disasters is starting to lead insurers to reshape the way they provide underwriting coverage. Put simply, this often causes decreased affordability (and thus availability) of insurance in most areas that are often affected by disasters. When private insurance becomes too costly, individuals must seek state-backed coverage as a last resort, or forego insurance entirely and rely on the funds of the Federal Emergency Management Agency when a loss occurs. For example, residential non-renewal of insurance in California grew by 31% statewide between 2018-2019. Investment Liabilities Another liability that climate change exposes insurers to is that of investment. It was found that, out of 4,000 insurance investment portfolios across the US, the industry had nearly $582 billion invested in a combination of oil, gas, coal and other activities relating to fossil fuel in 2019, a $70 billion increase from the year prior. Moreover, despite total assets under the management of these insurers’ portfolios growing each year, the percentage of fossil fuel-exposed assets remained at 9%, meaning investment in this area is increasing alongside that of total assets. This represents a liability to insurers because there are concerns that fossil fuels have the potential to become stranded assets, that is, assets that can experience sudden and erratic write-downs or devaluation - in this case caused by the ongoing innovation in the renewable energy resource sector. Dave Jones, California’s insurance commissioner during 2016, asked Californian insurers to voluntarily divest from fossil fuel. He expounded that he felt such a request was appropriate due to his responsibility to make certain that insurers address any potential financial requests. US insurers have been criticised by regulators for being far slower to move away from fossil fuels than their international counterparts; corporations in Australia and Europe are increasingly excluding fossil fuels from their investment portfolios. Several US insurers have committed to exit coal financing (e.g. Axa wants to completely exit coal by 2040). The number of insurers making the change is still too few. Whilst the number of insurers withdrawing coverage for the coal sector doubled in 2019, and 37% of the insurance industry assets around the globe were found to be earmarked for plans to exit the coal sector, it’s not quick enough. It is conventional wisdom that the insurance industry has been historically slow to change the way it operates its business on multiple occasions, but when it comes to climate change this cannot be allowed to happen. Effects of Technological Advances The Insurtech Effect Insurtech describes the use of technology in the insurance industry; it has now become so big it is an industry sector of companies within itself. Its use of technologies has accelerated the improvement of traditional insurance processes and arguably threatens them to keep up or risk being left behind. Insurtechs, such as UPC Insurance, or Duck Creek Technologies, are entering the insurance sector and taking advantage of new technologies to provide improved coverage to a customer base that is more digitally literate. Not unlike their counterparts in banking, fintechs, the initial focus of insurtechs has been on the retail segment; 75% of their business is in serving retail clientele. As the young, digitally-savvy segments begin to take over as the largest demographic of their customer-base, insurtechs are tailoring their services for these customers’ preferences. They value convenience and like to execute transactions by mobile (if possible without interaction with the company); it is infinitely more preferable to receive a quote or submit a claim through digital channels than in branch. Insurtechs are also focussing on the commercial segment of their business as well. This does involve bringing innovation to products (e.g. peer-to-peer and digital brokerage), but primarily focuses on loss prevention and efficiency. This can be seen in AI becoming increasingly prevalent in “Big Data” and data analytics to inform increasingly precise and segmented underwriting decisions. Skyway A new technological innovation by UPC insurance, called Skyway Technologies, is one example of the direction insurance agencies are likely to move in going forward. allows condo owners in Florida to buy condo insurance online, in real time. UPC’s insurance start-up Skyway Technologies has created an entirely new sales channel for UPC, selling direct to consumers through an omnichannel experience that takes a consumer through a streamlined, easy-to-use digital buying process that can take a few minutes. The service enables condo owners to find a quote and go on to buy HO6 insurance at almost the same time. For UPC, which has been providing insurance to condo owners in the natural disaster-prone coastal cities of Florida for over twenty years, this was a logical step. The insurance agency is being reshaped by technologies such as this because of the overarching trend across all forms of business during recent years to provide increased convenience. Thought to have stemmed from Amazon’s generational leaps forward in delivery service, and the consequently higher expectations of customers, consumers are increasingly choosing the convenience of online solutions that are quick and effective. Duck Creek Technologies Duck Creek Technologies is one of the tech companies helping fuel the insurtech trend. For example, Duck Creek designed Duck Creek OnDemand to make it easy for insurance companies to follow the path that best fits their specific circumstances. A great example of this approach is UPC Insurance, which used Duck Creek OnDemand to launch Skyway Technologies, Duck Creek CEO Mike Jackowski told investors in the Q3 2021 Earnings Call. Duck Creek OnDemand platform is increasingly gaining popularity in the insurance industry. Since earlier this year, the company had 20 customers successfully go live with Duck Creek products, including notable industry leaders like IAT, Auto-Owners Insurance, American National, and The Doctors Company. At the same time, GEICO, the second-largest private passenger auto insurer in the US, completed the rollout of their auto and motorcycle business on Duck Creek across all 50 states. Final Take The insurance industry is not alone in its quest to innovate during peak climate change: numerous industries have to contend with this factor and the rise of AI. In the case of the abovementioned companies, challenges are turned into opportunities. Updated on Oct 13, 2021, 3:15 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 13th, 2021

Samsung leader pleads guilty to using propofol, the sedative that killed Michael Jackson

Jay Y. Lee, the vice chairman and de facto leader of Samsung Electronics, admitted to using propofol multiple times in recent years. Samsung Electronics Vice Chairman Jay Y. Lee. Reuters The leader of Samsung pleaded guilty to using propofol. He said he took it for stress over his father's hospitalization and separate legal troubles. He could be fined the equivalent of $58,327 if convicted, Reuters reported. The de facto leader of Samsung pleaded guilty to using propofol, the sedative that killed Michael Jackson.Jay Y. Lee, the vice chairman of Samsung Electronics, told a South Korean court on Tuesday that he had used the drug unlawfully, Reuters reported.He said he received propofol 41 times between 2015 and 2020, with his lawyers saying he got it for medical purposes due to stress, first after his father was hospitalized and then over a different trial that saw him convicted in January, Reuters reported.The use of propofol killed Michael Jackson in 2009. The drug is used as an anesthetic, including in US hospitals. Prosecutors said that Jackson was prescribed the drug for insomnia, but died after he was given a strong dose.Lee told the court that "this matter originated as for treatment, but I am deeply regretful."People can be prosecuted in South Korea if they receive a controlled substance that was decided to have been administered illegally, according to Reuters.He could be fined the equivalent of $58,327 if he convicted, Reuters reported.A court ruling is due on October 26, per Reuters.Read the original article on Business Insider.....»»

Category: worldSource: nytOct 13th, 2021

How the Vaccinated and Unvaccinated Can Work Together

While the transitions to WFH may have appeared to have been smooth-ish (in hindsight), coming back to work will be all the more anxiety-driving. One apparent challenge is how to get vaccinated and unvaccinated people to work together. While vaccinations are a personal choice, in trying to implement policies, you don’t want to offend anyone, […] While the transitions to WFH may have appeared to have been smooth-ish (in hindsight), coming back to work will be all the more anxiety-driving. One apparent challenge is how to get vaccinated and unvaccinated people to work together. While vaccinations are a personal choice, in trying to implement policies, you don’t want to offend anyone, jeopardize anyone, or get sued in the process. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more As an employer, you now find yourself in new and volatile territory. In fact, while you did nothing to ‘find yourself’ in this position, you have a very active role – to chart this territory for your organization, clear a path in the ever-changing terrain, and guide your employees along with as few casualties as possible. How then can you navigate this task? I’ve been studying medical decision-making, publishing academic papers about it, and consulting within the industry for nearly two decades now. Health and medical choices raise ethical issues for everyone. My guiding principle—based on my education and the knowledge that I bring in psychology and behavioural economics—is to make sure that information is conveyed clearly so that people can understand it. As an employer, I suggest you solve the foggy ethical issues by using safety as your guiding principle. This, followed by principles that consider the complexity of the matter, will empower you to maximize health and minimize grudges. The ABCDEF model I developed suggests that you: Acknowledge beliefs and concerns. Be transparent about your policy. Cite the law. Do not get into medical arguments. Enforce. Form alternatives, where possible. But safety first. The only way an employer can tread there safely is by making employee safety their North Star. Actual safety, in the physical sense, is, therefore, the first item on my list. Ironically, the Safety First movement was formed in the early 20th century to protect employees from hazardous working conditions. Now the hazard to employees comes from their own choices, which they are free to make, as long as safety isn’t compromised. This goes for vaccinations, as well as for masking and other protective measures. Though people are free to make decisions, their choices affect others, and the consequences can be harmful. The only person that is safer when you get vaccinated is yourself. Yes, you supposedly decrease viral load with vaccines which then decreases the number of people you infect if you get it, but the best way to really decrease infecting others is to not be in super spreader situations with them. Or to take the proper precautions if you must be in those situations. With that in mind, you should make your workplace into a non-super-spreader event (open windows, good air filtration, meetings outdoors, etc.). That’s actually practicing safety first. However, such precautions are not always possible. Good luck having an outdoor meeting, or keeping the windows open, when it’s 12 degrees. Good luck being an unvaccinated nurse who needs to measure blood pressure while maintaining social distance from the patient. This is why, as an employer, vaccinations are your best, most consistent line of protection. Some employers, like the City of New York, are now enforcing vaccination mandates, such as for school workers. But not every employer can or wants to take such steps. How then can you keep everyone safe and everyone’s emotions (more or less) intact? Acknowledge Beliefs And Concerns Employees’ emotions cannot be wrong, even if their fears are unfounded. It’s a fine line, and you’d better not cross it. People need to be heard, so hear them out, merely reflecting back their words, a technique taken from Imago Relationship Therapy. Acknowledging helps maintain the employer-employee relationship that can definitely be trying when at this point, as employers navigate legal demands, safety concerns, keeping the business going, and employee preferences. This is what acknowledging sounds like: “I hear you. You believe that you eat organic food and work out, and you think this will protect you from COVID, so you do not need to vaccinate.” Mind you, acknowledging does not mean agreeing. Be Transparent About Your Policy Trust is the foundation of all relationships, including our relationships with institutions and governments and lack of transparency. When there isn’t reasoning behind decisions, trust is eroded. Create a policy that is founded on the law, and make it known to all, with no exceptions. If the COVID terrain changes and the policy needs to change, then, by all means, change it, but again, make it crystal clear what the changes are based on. Cite The Law You are not arm wrestling with your employees when you ask that they vaccinate or that if they choose not to vaccinate, they maintain social distancing,  mask up at all times, and provide negative proof of testing once a week. You’re merely following the law. Companies have a legal right to require employees to get vaccinated unless they have a conflicting disability or religious belief. That is one strong argument. In fact, if you neglect to follow the law, you might expect backlash from employees. There have been lawsuits against employers for being COVID-negligent, especially when employees got sick. Do Not Go Into Medical Arguments Chances are you are ill-equipped to deal with arguments like, “I have endometriosis, and the vaccine will hurt my fertility even further,” or, “My entire family was sick; my father died from COVID, and I was near him the whole time. So, for sure, I have antibodies or some natural immunity and do not need the vaccine.” These are conversations that you do not want to have or even need to have. Because there is no winning here. As I suggested above, you can acknowledge concerns by reflecting them back, even if you find no medical evidence that they are valid. And in any event, it is not your role to determine the validity of medical claims or to change employees’ views with data. Enforce Rules are worthless unless followed. Remember, COVID vaccination and other rules are meant to protect employees and to allow them to work together. Once you cut corners, such as allowing your most essential employee to show up unvaccinated and unmasked, you compromise safety and throw transparency out the window. That said, enforcement needs to be done both firmly and politely. The employer can say, “Our policy, based on the law, is for unvaccinated employees to bring negative COVID testing. You failed to do so, and I ask you to leave the premises right now.” Insults are unacceptable in any context (such as “are you so stupid that you don’t want to vaccinate against a disease that killed over 700,000 Americans?!). But so is neglecting to follow up on the company COVID policy you’ve outlined. Form Alternatives For example, is it possible for employees to work from home? This would remove the friction between the vaccinated and unvaccinated. If so, offer this possibility to both vaccinated and unvaccinated employees, so you’re not discriminating against anyone. Act within reason, all the while remembering that this is a workplace, so it’s problematic if people cannot do their jobs. For example, if a nurse won’t adhere to the vaccine mandate for healthcare workers, she cannot phone in an ER shift. Indeed, the State of New York has mandated vaccinations for healthcare workers because safe alternatives could not be found. But it did so with legal backup and allowed time for employees to meet the requirement. Conclusion These steps should allow you to keep everyone’s emotions intact: both yours and your employees’ - vaccinated and unvaccinated. And, above all, to keep everyone healthy. Keep everyone productive because when teams are also comprised of friends, they perform better. And most importantly – follow this model to keep everyone safe. About the Author Dr. Talya Miron-Shatz is a keynote speaker, consultant, and researcher at the intersection of medicine and behavioral economics. She is the author of the new book, Your Life Depends on It: What You Can Do to Make Better Choices About Your Health. She is full professor at the business school of the Ono Academic College in Israel, senior fellow at the Center for Medicine in the Public Interest in New York, and a visiting researcher at the University of Cambridge. Miron-Shatz was a post-doctoral researcher at Princeton University, and a lecturer at Wharton, the University of Pennsylvania. She is the author of over 60 academic papers on medical decision-making. She is CEO of CureMyWay, an international health consulting firm whose clients include Johnson & Johnson, Pfizer, and Samsung. Updated on Oct 12, 2021, 5:06 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 12th, 2021

The 12 best new books to read in October, according to Amazon"s editors

According to Amazon's book editors, the best new books to read in October include picks from Jonathan Franzen, Jane Goodall, and Chibundu Onuzo. According to Amazon's book editors, the best new books to read in October include picks from Jonathan Franzen, Jane Goodall, and Chibundu Onuzo. Amazon; Rachel Mendelson/Insider When you buy through our links, Insider may earn an affiliate commission. Learn more. Amazon's book editors have picked their top 10 new books to read in October 2021. This month's books include a look at Anthony Bourdain's life and a memoir from a PepsiCo CEO. For more book recommendations, check out the best new books of 2021 so far, according to Goodreads. October is here, which means that Amazon's book editors have 12 newly released books for you to dig into this month.Their top choice is "Sankofa" by Chibundu Onuzo, a novel about a woman who discovers that the father she's never met is actually the president of a nation in Africa. Other recommended books include a book co-written by Jane Goodall, an in-depth look at Anthony Bourdain's life on the road, and Jonathan Franzen's latest novel.Here are the 12 best titles new in October, according to Amazon's editors:Descriptions are provided by Amazon and edited lightly for clarity. 'Sankofa' by Chibundu Onuzo Amazon A grieving woman living in London discovers the diary of the father she never met and yearns to meet him. The twist? He was the president of a country in Africa — determined to liberate and bring prosperity to the people, no matter the cost.Cue the trip of a lifetime. Taking on questions of race, belonging, and heritage, Onuzo writes with gusto and beautifully illuminates what Sankofa means: "A mythical bird…it flies forward with its head facing back." — Al Woodworth, Amazon Editorby Chibundu Onuzo (button) 'In the Weeds' by Tom Vitale Amazon Fans of Anthony Bourdain's shows will at last get what we have long desired: A behind-the-scenes view of life on the crew, traveling to faraway places, and working directly with Bourdain.Written by his long-time director and producer, "In the Weeds" is the affectionate but unvarnished story of their years together, revealing just how tremendously complicated shooting the show really was, and Bourdain's love/hate relationship with "The TV machine." —Seira Wilson, Amazon EditorAround the World and Behind the Scenes with Anthony Bourdain (button) 'The Lincoln Highway' by Amor Towles Amazon Towles' ("A Gentleman in Moscow") latest feat of storytelling finds four boys in search of a fresh start: Emmett and Billy want to find their mother who left them when they were young, and Duchess and Woolly are on the hunt for a stashed wad of cash.There's train hopping and car stealing, and with that comes the inevitability of trouble sparked from both good and bad intentions. Each of these young men is chasing their dreams, but their pasts — whether violent or sad — are never far behind. —Al Woodworth, Amazon Editor: A Novel (button) 'Crossroads' by Jonathan Franzen Amazon It's 1971 and the Hildebrant family is at a crossroads, if you will. Russ, the patriarch and associate pastor at his church, has recently fallen from grace in a scandal concerning the church's youth group. Meanwhile, his wife and four children are wrestling with issues of their own.The first in a planned trilogy, "Crossroads" proves, yet again, Franzen's prowess at writing riveting dysfunctional family sagas. It's his most commercial work since 2001's "The Corrections." — Sarah Gelman, Amazon EditorA Novel (button) 'We Are Not Like Them' by Christine Pride Amazon When a woman's husband, a police officer, is involved in the shooting of an unarmed Black teenager, and a friend covers the story for a Philadelphia TV station, their bond is tested as both deal with the tragedy in very different and personal ways.Co-written by two authors — one of whom is Black and one of whom is white — "We Are Not Like Them" tackles tough issues like race, brutality, and class with unflinching honesty and empathy, and will be a big hit with book clubs. — Sarah Gelman, Amazon EditorA Novel (button) 'Cloud Cuckoo Land' by Anthony Doerr Amazon In a novel reminiscent of the mind-bending worlds of David Mitchell's "Cloud Atlas" and "The Bone Clocks," Pulitzer Prize-winning Anthony Doerr ("All the Light We Cannot See") traces the lives of multiple characters and how they intersect over the fate of a single story.Expansive, transporting, and full of emotion and adventure, "Cloud Cuckoo Land" conjures an entirely new definition of brilliant literary magic. — Al Woodworth, Amazon Editorby Anthony Doerr (button) 'No One Will Miss Her' by Kat Rosenfield Amazon "No One Will Miss Her" begins with the discovery of a young woman's body — Lizzie, the pariah of Copper Falls, Maine — a poor, lower-class young woman looked down on both by the police at the murder scene and even by the man she married.Lizzie narrates from beyond the grave as Detective Ian Bird starts investigating everything, from Lizzie's dad to her missing husband to what business Adrienne Richards — a trophy wife who's been renting Lizzie's lakeside house — had in a dump like Copper Falls. You won't want to miss this dark, tart, and pacy mystery. —Vannessa Cronin, Amazon EditorA Novel (button) 'What Storm, What Thunder' by Myriam Chancy Amazon This is one of the best books I have read this year. The novel begins by introducing Ma Lou, a woman working in a market in Port-au-Prince when Haiti was hit by the devastating 2010 earthquake.From there, author Myriam J. A. Chancy introduces additional characters and storylines that somehow add to the story without splitting the reader's attention. It is rare that a novel is able to become the defining work about a historic event, but "What Storm, What Thunder" feels like one of those books. — Chris Schluep, Amazon Books Editorby Myriam J A Chancy (button) 'The Book of Hope' by Jane Goodall and Doug Abrams Amazon "We still have a window of time," explains famed naturalist Jane Goodall to writer Doug Abrams. "There really is reason to hope we can succeed."Through several interviews in Tanzania, the Netherlands, and England, Abrams asks Goodall to delve into her keen commitment to hope, much as he movingly did in "The Book of Joy" with the Dalai Lama and Archbishop Desmond Tutu. Goodall's words and wisdom will resonate in your heart and soul, inspiring action, change, and, yes, hope. — Adrian Liang, Amazon EditorA Survival Guide for Trying Times (Global Icons Series) (button) 'The Man Who Died Twice' by Richard Osman Amazon Elizabeth, Joyce, Ron, and Ibrahim — the Thursday Murder Club — get very little time to bask in the glow of solving their first murder case when Douglas, Elizabeth's ex-husband, pops up with a wild tale that involves being on the run and £20M of uncut diamonds.Faster than you can say "tea and scones" someone is murdered, and the Thursday Murder Club must catch a killer before he eliminates them. This clever, funny mystery is a must-read for anyone with even a mild case of Anglophilia. — Vannessa Cronin, Amazon EditorA Thursday Murder Club Mystery (button) 'The Brides of Maracoor' by Gregory Maguire Amazon After nearly drowning, Elphaba's granddaughter Rain wakes up with no memory on an island that is home to only seven female "brides" ranging in age from 10 to 80. The brides spend their days keeping time in check for all of Maracoor, and Rain — accompanied by a talking goose with a wicked sense of humor — begins to learn about this strange land, all the while hoping her memory will return.Details from Maguire's earlier Oz books are a delight to encounter in a tale, the first in a trilogy, that strikes the perfect balance between fantasy and topics of agency, xenophobia, and justice. — Seira Wilson, Amazon Editor: A Novel (Another Day Book 1) (button) 'My Life in Full' by Indra Nooyi Amazon Reading Indra Nooyi's "My Life in Full", you can't help but like her. Sure, she's tough and driven enough to have made it to the top of PepsiCo — the first woman of color and immigrant to run a Fortune 50 company — but she is family-oriented and cares about people as more than just potential customers.Nooyi writes that a leader's fundamental goal should be to shape the decades ahead, not just react to the present, and the future she envisions includes a world where people have room to both make a living and to live their lives. — Chris Schluep, Amazon EditorWork, Family, and Our Future (button) Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 12th, 2021