Twelve inches of fresh powder had just fallen at Eaglecrest Ski Area in Juneau , Alaska, when I arrived for my first day of skiing last February. Snow packed the slumping branches of towering pines and frosted the beards of draping moss. From the chairlift, skiers below me appeared from the thighs up, their lower halves plowing fresh tracks. Whoops of delight rang out from sources unseen.
Dropping into an intermediate run, I fought the pull of the depths and managed to surf the soft mantle in a joyous ride — whooping all the way.
Powder days, I always thought, were for locals and, occasionally, lucky visitors. After all, it’s hard to schedule a trip around an unpredictable snowstorm far enough in advance to get decent airfare.
To boost my luck last winter, I relocated to Juneau, the capital of Alaska, for a month. Though better known as a cruise port welcoming 1.6 million ship passengers annually between May and October, it’s also a ski town in the low (and budget-friendly) season.
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Climate-wise, Juneau is renowned for rain. Surrounded by the Tongass National Forest , the world’s largest contiguous temperate rainforest, the destination gets 230 days of rain a year, some of them in winter.
But when the conditions are right, the rain turns to snow and freshwater to ice, creating a wonderland for winter fans, like me, who appreciate downhill and cross-country skiing as well as skating, hiking, cultural diversions off-piste and culinary intrigue after dark.
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2024-12-19 22:57:23
For years, worker advocates and some government officials have argued that Amazon’s strict production quotas lead to high rates of injury for its warehouse employees. And for years, Amazon has rejected the criticism, arguing that it doesn’t use strict quotas, and that its injury rates are falling close to or below the industry average.
On Sunday, the majority staff of the Senate Committee on Health, Education, Labor and Pensions, which is led by Senator Bernie Sanders of Vermont, published an investigation that found that Amazon itself had documented the link between its quotas and elevated injury rates.
Internal company documents collected by Mr. Sanders’s investigators show that Amazon health and safety personnel recommended relaxing enforcement of the production quotas to lower injury rates, but that senior executives rejected the recommendations apparently because they worried about the effect on the company’s performance.
The report also affirmed the findings of investigations undertaken by a union-backed group showing that injury rates at Amazon were almost twice the average for the rest of the industry.
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“The shockingly dangerous working conditions at Amazon’s warehouses revealed in this 160-page report are beyond unacceptable,” Mr. Sanders said in a statement. “Amazon’s executives repeatedly chose to put profits ahead of the health and safety of its workers by ignoring recommendations that would substantially reduce injuries.”
Kelly Nantel, an Amazon spokeswoman, said the internal studies and recommendations that Mr. Sanders’s report cited were later found by the company to be invalid. “Senator Sanders’s report is wrong on the facts and weaves together out-of-date documents and unverifiable anecdotes to create a preconceived narrative,” she said.
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2024-12-19 22:57:08
Unyielding on tariffs
Investors appear largely unfazed by President-elect Donald Trump’s tough talk on tariffs, with the S&P 500 up more than 5 percent since Election Day.
But world leaders and C.E.O.s are worried he could disrupt global trade and pummel profits — and feel they’re making little headway in warning him of the consequences.
Companies have stepped up their lobbying to persuade Trump to go easy on tariffs, according to The Wall Street Journal . The president-elect warned last month that he would impose 25 percent levies on the country’s biggest trading partners, Canada and Mexico , if they didn’t tighten their borders and stem the flow of illegal migration to the U.S.
In subsequent social media posts, he went after China and BRICS countries , too.
Trump’s team is warning businesses to take him at his word on tariffs, The Journal reports. That suggests that Trump, who has called tariffs “ the most beautiful word in the dictionary ,” isn’t merely using tariff warnings as an opening salvo in trade negotiations.
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It also calls into question how much say Jamieson Greer, Scott Bessent, Howard Lutnick and Marco Rubio — Trump’s picks for trade representative, and to run the Treasury, Commerce and State departments — will have in shaping Trump’s trade policy if his mind is already made up.
Trump conceded that he “ can’t guarantee ” tariffs won’t hit consumers hard. That’s a concern among economists and big companies such as Walmart and Costco , who fear that levies could lead to price rises. This earnings season, analysts have been peppering corporate leaders about how tariffs might affect their businesses.
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2024-12-19 22:56:53
E.B. Furgurson III, a reporter who, after five of his colleagues at the Maryland newspaper The Capital were massacred in their newsroom by a grudge-fueled gunman, helped produce the next day’s issue from his pickup truck, died on Nov. 25 in Annapolis, Md. He was 70.
His wife, Rebecca (Bisgood) Furgurson, said his death, in a hospital, was caused by an “extended illness.”
On June 28, 2018, Mr. Furgurson — who, like his father, also a journalist, was known as Pat — had gone for lunch at the food court at the Westfield Annapolis Mall, across the street from the newspaper, when he received a text about the shootings, which killed four of his fellow journalists, Rob Hiaasen, Wendi Winters, John McNamara and Gerald Fischman, and Rebecca Smith, a sales assistant.
The gunman, Jarrod W. Ramos, had held a grudge against the paper for publishing an article in 2011 about his guilty plea in a harassment case. In 2021, he was sentenced to six consecutive life terms without the possibility of parole, one for each of the five people he killed and one for attempted murder.
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Mr. Furgurson quickly left the food court and, in the mall’s garage, turned the back of his pickup truck into a makeshift work space that he shared with a photographer, Josh McKerrow, and a reporter, Chase Cook.
While Mr. Furgurson made telephone calls and talked to the police, he became a calming influence to an anxious Mr. McKerrow.
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2024-12-19 22:56:37
Jabil, a major manufacturer of electronics components for the tech industry, made a startling discovery in the spring of 2021: It had been relying on dozens of undocumented workers, contracted from a staffing agency, to power its manufacturing sites near Silicon Valley.
Jabil insisted they be fired, setting off what it called a “mass exodus” from its work force that required expensive and “herculean efforts” to find replacements, including hosting job fairs and borrowing workers from a client.
The upheaval caused the company to fall behind on both existing orders and bids for new business, costing it up to $50 million, according to interviews and allegations in an ongoing lawsuit against the staffing agency.
How Jabil navigated the sudden loss of undocumented workers — years before Donald J. Trump won re-election on a pledge of mass deportations of illegal immigrants — foreshadows the possible road ahead for companies that rely on staffing agencies to fill jobs at factories, warehouses and distribution centers.
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The New York Times reported in November that staffing firms were among the top employers of unauthorized workers at work sites inspected for immigration violations over the past decade. Now with Mr. Trump’s victory, some firms are fearing the worst.
Toby Malara, vice president for government relations at the American Staffing Association, a trade group, said in an interview that the “business community at large” has been urging the incoming Trump administration “not to go forward with the mass deportations.”
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2024-12-19 22:56:23
The Biden administration is preparing a trade investigation into China’s production of older-model semiconductors, in response to fears that the United States’ growing dependence on these products could pose a national security threat, according to people familiar with the matter and government and industry documents reviewed by The New York Times.
The investigation could ultimately result in tariffs, import bans or other actions on certain Chinese chips and the products that contain them. But the decision about what course to take would fall to the incoming Trump administration. The Biden administration may initiate its investigation in the coming weeks, but it would most likely take at least six months to conclude.
The U.S. government has already tried to clamp down on China’s access to the most advanced types of semiconductors due to national security concerns. But it has largely left untouched China’s production of older types of chips, which are still vital for powering a huge swath of products including smartphones, cars, dishwashers, refrigerators and weaponry, along with American telecommunications networks.
But with Chinese companies and the government now investing heavily in new factories, or fabs, to make those “legacy” or “foundational” chips, U.S. officials are concerned that Chinese production could put chip factories in the United States or allied countries out of business. That could increase U.S. supply chain dependence on China and potentially pose cybersecurity threats as those chips are integrated into American infrastructure or weaponry.
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“China is subsidizing those chips in these new fabs, dumping them into the global market and tanking the price,” Gina Raimondo, the commerce secretary, said at the Reagan National Defense Forum in Simi Valley, Calif., on Dec. 7. “That isn’t fair. And there may be a case for tariffs on that.”
The Biden administration has been weighing whether to proceed with a trade investigation under two different laws. One is Section 232 of the Trade Expansion Act, which focuses on threats to national security and falls to the Commerce Department. The other option is Section 301 of the Trade Act of 1974, which applies to acts that are “unjustifiable” or “unreasonable” and burden U.S. commerce, and is carried out by the Office of the United States Trade Representative.
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2024-12-19 22:56:08
TikTok asked the Supreme Court on Monday to temporarily block a law that would effectively ban it in the United States in a matter of weeks.
Saying that the law violates both its First Amendment rights and those of its 170 million American users, TikTok, which is controlled by a Chinese parent company, urged the justices to maintain the status quo while they decide whether to hear an appeal.
“Congress’s unprecedented attempt to single out applicants and bar them from operating one of the most significant speech platforms in this nation presents grave constitutional problems that this court likely will not allow to stand,” lawyers for TikTok wrote in their emergency application.
President Biden signed the law this spring after it was enacted with wide bipartisan support . Lawmakers said the app’s ownership represented a risk because the Chinese government’s oversight of private companies would allow it to retrieve sensitive information about Americans or to spread propaganda, though they have not publicly shared evidence that this has occurred. They have also noted that American platforms like Facebook and YouTube are banned in China, and that TikTok itself is not allowed in the country.
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The fight will have far-reaching consequences. Since TikTok officially landed in the United States in 2018, it has become a cultural juggernaut that wields influence over nearly every facet of American life . Users, especially members of Gen Z and millennials, turn to it for news, entertainment and shopping, lured by its canny recommendation engine, which compiles short videos for users in a main feed. The app can quickly become addictive, as it gauges users’ interests, down to the number of seconds they spend on each video.
The court has shown keen interest in recent terms in the application of free speech principles to giant technology platforms, though it has stopped short of issuing definitive rulings. It has also wrestled with the application of the First Amendment to foreign speakers, ruling that they are generally without constitutional protection, at least for speech delivered abroad.
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2024-12-19 22:55:53
Carlos Watson, a co-founder of the now-defunct digital media company Ozy Media, was sentenced on Monday to almost 10 years in prison for trying to defraud investors and lenders by lying about the company’s finances.
The sentence came five months after a federal jury convicted Mr. Watson and Ozy Media of conspiracy to commit securities and wire fraud. The jury also convicted Mr. Watson of identity theft, following a two-month trial during which witnesses detailed an impersonated phone call, fabricated contracts and misleading claims about Ozy’s earnings from 2018 to 2021.
Mr. Watson, who had pleaded not guilty and continued to assert his innocence up until his sentence of 116 months, faced a maximum of 37 years in prison. Government prosecutors had requested a 17-year sentence and $65.6 million in forfeiture to the government, though exactly how much Ozy will have to forfeit has yet to be determined.
“The fact that we’re here in this circumstance is tragic,” said Judge Eric Komitee of the U.S. District Court for the Eastern District of New York, who presided over the case and imposed the sentence. “But it’s a tragedy of Mr. Watson’s own making.”
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Mr. Watson started Ozy in 2013, publishing news articles and newsletters before venturing into podcasts and television productions. The start-up secured commitments from prominent investors at a time when digital publishers, like BuzzFeed and Vice, attracted billions of dollars in investments that largely didn’t pan out.
Throughout the legal proceedings, Mr. Watson denied the fraud allegations. In court, his lawyers argued that his representations to investors had been based on good-faith assessments of Ozy’s finances, and they shifted the blame for any fraudulent activity onto other former Ozy employees. When he took the stand at his trial, Mr. Watson said that he did not intentionally inflate revenue estimates, but rather presented the types of service-based income typical of a “scrappy young company” in its early years.
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2024-12-19 22:55:38
Barry Blechman, 81, an international relations analyst with metastatic bladder cancer, traveled last winter from his home in Washington, D.C., to a clinic in Bend, Ore., where he drank a tea containing psilocybin, the psychoactive component of magic mushrooms. He then stretched out on the floor and closed his eyes.
When he phoned his wife, Kitty, 10 hours later, she was startled by the levity in his voice. “He sounded 20 years younger, like a weight had been lifted off him,” she said.
In the months since, the angst and depression triggered by his cancer diagnosis no longer hound him, Mr. Blechman said, and he has gained profound insights into aspects of his personality he believes negatively affected his relationships.
“Psilocybin therapy has been a life-changing experience,” he said.
Mr. Blechman is among the thousands of Americans with serious medical conditions who have turned to psychedelic medicine to address the anxiety and existential distress that often accompany a potentially terminal diagnosis.
Those who can afford the $2,000 treatments have been flocking to psilocybin clinics in Oregon, the only state besides Colorado where they can legally operate. (Colorado’s psilocybin program begins in 2025.) Many more have been trying ketamine in their therapist’s office or at home.
Although not a classic psychedelic like LSD and psilocybin, ketamine, a powerful anesthetic, is widely considered a psychedelic therapy because of its effects. It can be legally prescribed “off label” for psychiatric conditions, and it is far less expensive than psilocybin therapy.
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2024-12-19 22:55:22
Amazon Studios spent $250 million to make “Red One,” a comedic holiday action film starring Dwayne Johnson and Chris Evans. Then the company pushed the film into more than 4,000 theaters, spending tens of millions more to market it.
So when the movie racked up only about $80 million in domestic box office receipts in recent weeks — half of which goes to the theater operators — it looked like a huge investment gone horribly bad.
Not so fast, Amazon says. “We did this for a very specific reason,” Courtenay Valenti, the company’s head of film, said.
And that reason: to make it a streaming hit.
For much of the past decade, Hollywood executives striving to catch Netflix started believing that the only way to increase the subscriber numbers for their own streaming services was either by significantly narrowing the time between a film’s theatrical release and its appearance on streaming or by putting both out simultaneously. Disney did it with “Black Widow,” much to the dismay of Scarlett Johansson . Warner Bros. did it with “Dune.” This was the future.
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On top of that, the thinking went, streaming would give movie studios a chance to spend far less on the expensive marketing required for a theatrical release. The algorithm would do all the work instead.
But the industry has now largely come to a very different conclusion: The key to making a movie a streaming success and attracting new subscribers is to first release it in theaters. It turns out that all the things that make theatrical movies successful — expansive marketing and public relations campaigns, and valuable word of mouth — continue to help movies perform once they land in the home.
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2024-12-19 22:55:08
The final cut (for now)?
The Fed is set to wrap up its last policy meeting of the year on Wednesday, with markets essentially convinced that the central bank will lower interest rates for a third time since September.
There may still be drama, however, as investors worry that stubbornly high inflation and volatility from a potential trade war orchestrated by President-elect Donald Trump could force the Fed to go easier on rate-cutting next year.
The central bank is divided on what to do, with a growing number of officials taking a more cautious tone in recent weeks. That could signal an emerging belief among policymakers that borrowing costs should remain higher for longer, the kind of debate that created huge friction between Trump and the politically independent Fed in his first term.
Jay Powell, the Fed chair, has sounded more hawkish lately, too. He told Andrew at the DealBook Summit this month that a “stronger” economy meant that “we can afford to be a little more cautious as we try to find neutral.” That refers to the Fed’s target of achieving an interest rate level that neither encourages nor impedes growth.
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Inflation remains a concern. Recent economic data has shown that the Fed’s efforts to tame price rises have largely stalled. (The release on Friday of the Personal Consumption Expenditures index, the Fed’s preferred inflation gauge, should offer more clues.)
That’s adding uncertainty as investors ponder the effects of Trump’s likely economic policies and whether his pledge to lower taxes, crack down on immigration and impose tariffs on trade partners will revive the inflation genie and further muddle the Fed’s rates policy next year.
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2024-12-19 22:54:54
Mickey Mouse and Bluey are expanding their business partnership.
BBC Studios and the Walt Disney Company said on Tuesday that they would collaborate on an animated movie starring Bluey, the Blue Heeler pup who has become a global sensation on children’s television.
The film will be made by Ludo, the Australian studio that makes the “Bluey” television show, and financed by BBC Studios, which holds global distribution and merchandising rights to the character. Disney, which licenses the series for Disney+ and cable networks, will release the movie in theaters in 2027.
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2024-12-19 22:54:38
In the tense geopolitical rivalry between China and the United States for control of advanced technology, Huawei is often in the middle.
The Chinese telecommunications giant is a main target of a U.S. trade blacklist and other controls intended to keep Chinese companies from buying or making advanced computer chips. Officials in Washington say these tiny chips, used to power chatbots and smartphones, are also essential for China’s efforts to build its military might.
Huawei is determined to prove that Washington’s trade barriers cannot hold it back. Last year, the company released a line of smartphones, the Mate 60 , with chips more advanced than any previously made in China.
But Huawei’s new series of phones, the Mate 70 , released last month, indicates that the company has made little progress toward more advanced chips in the past year, according to a new analysis. The chips inside Huawei’s latest devices appear to have been made using the same manufacturing processes as the ones in last year’s phones, said Alexandra Noguera, an analyst at TechInsights, a Canadian research firm.
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Ms. Noguera and her colleagues examined the chips inside two models of the Mate 70 series and concluded that they were made by China’s top chipmaker, Semiconductor Manufacturing International Corporation , known as SMIC.
The analysts compared the chips with others made by SMIC, including those in Huawei’s breakthrough Mate 60 phone. “Every dimension fits exactly what we have seen for the past two years,” Ms. Noguera said.
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2024-12-19 22:54:22
Aaron Levie, the chief executive of the cloud software company Box, said he was more hopeful than he had been at any point in the past 15 years that America could soon accept more highly educated immigrants — the sort of skilled foreigners he hires as software engineers.
Mr. Levie recently posted on X that America’s immigration policies for high-skilled workers are “not responsive to the market,” and that Elon Musk, with his position in president-elect Donald J. Trump’s orbit, could fix them.
“I agree,” Mr. Musk replied. The thread quickly filled with other tech workers and executives sharing stories of trying to get visas for themselves and their employees.
Welcoming more high-skilled immigrants is “one of the highest leverage — maybe the highest leverage — thing you could do to make sure that America stays at the forefront,” Mr. Levie said in an interview.
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The technology industry considers that argument about economic competitiveness as one that could persuade Mr. Trump to allow increased levels of immigration for highly skilled workers. But the industry’s optimism clashes with past experience: The president-elect did not expand skill-based legal immigration during his first term in office. Instead, his immigration officials curbed visa programs for educated workers by overseeing them more stringently.
And while some in Silicon Valley and corporate America are hoping that this time will be different, Washington policy analysts, lawyers and visa holders themselves are less certain.
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2024-12-19 22:54:09
The Energy Department plans to offer a record $15 billion loan guarantee to Pacific Gas & Electric, California’s largest utility, to improve its electrical grid and fund climate resiliency projects, the department said on Tuesday.
The loan guarantee is the biggest commitment to date from the department’s Loan Programs Office, which has doled out tens of billions of dollars in loans and guarantees under the Biden administration to fund energy and electric vehicle projects. The conditional commitment, which still has to be made final, will help PG&E invest in hydroelectric power generation, batteries and power lines.
PG&E, one of the largest utilities in the country, serving roughly 16 million people in Northern and Central California, is grappling with a surge of demand for electricity spurred by the shift to electric vehicles, the expansion of data centers and efforts to phase out fossil fuels. The company is also under pressure to prevent its equipment from setting off devastating fires.
“These infrastructure investments will help PG&E meet forecasted load growth, increase electric reliability and reduce costs for its consumers across California,” the Energy Department said in a statement.
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State regulators have also put pressure on PG&E to limit rate increases for California residents, though officials have approved multiple rate increases this year.
This month, the Public Advocates Office, which represents consumers in utility rate cases before the California Public Utilities Commission, issued a report citing PG&E’s rate increases as the highest among the state’s investor-owned utilities.
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2024-12-19 22:53:54
Robert F. Kennedy Jr. began a tour of Capitol Hill this week to pay courtesy calls on senators who will vote on his nomination to be health secretary and to calm concerns that he would limit access to vaccines, especially for polio. “I’m all for the polio vaccine,” Mr. Kennedy said to a throng of reporters on Monday.
President-elect Donald J. Trump also sought to head off inevitable questions.
“You’re not going to lose the polio vaccine,” Mr. Trump declared during a news conference on Monday. “That’s not going to happen.”
But a New York Times review of Mr. Kennedy’s public comments over the past several years shows that he has consistently expressed views about the polio vaccine that are at odds with the medical consensus. For example, he has suggested that after the vaccine was first introduced, it might have caused a wave of cancers “that killed many, many, many, many, many more people than polio ever did.” And he has said the idea that the vaccine resulted in a drastic decline in polio cases is “a mythology” that is “just not true.”
His opinions on the polio vaccine have come under scrutiny since an article in The New York Times reported on Friday that Aaron Siri, a lawyer who is advising Mr. Kennedy during the transition, had filed petitions on behalf of a nonprofit to revoke federal approval of the standalone polio vaccine, known as IPOL, and to pause distribution of 13 other shots, some of which include polio immunization.
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Mr. Kennedy’s spokeswoman, Katie Miller, also weighed in Monday in an email message: “Mr. Kennedy believes the polio vaccine should be available to the public and thoroughly and properly studied.”
Here is an analysis of some of Mr. Kennedy’s statements about the polio vaccine.
On the polio vaccine’s effectiveness
On a podcast posted on July 6, 2023 , with the computer scientist Lex Fridman, Mr. Kennedy said that “there’s no vaccine that is, you know, safe and effective,” a statement he later walked back . Mr. Fridman challenged him: “Those are big words. What about polio?”
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2024-12-19 22:53:39
Elon Musk and his rocket company, SpaceX, have repeatedly failed to comply with federal reporting protocols aimed at protecting state secrets, including by not providing some details of his meetings with foreign leaders, according to people with knowledge of the company and internal documents.
Concerns about the reporting practices — and particularly about Mr. Musk, who is SpaceX’s chief executive — have triggered at least three federal reviews, eight people with knowledge of the efforts said. The Defense Department’s Office of Inspector General opened a review into the matter this year, and the Air Force and the Pentagon’s Office of the Under Secretary of Defense for Intelligence and Security separately initiated reviews last month, the people said.
The Air Force also recently denied Mr. Musk a high-level security access, citing potential security risks associated with the billionaire. Several allied nations, including Israel, have also expressed concerns that he could share sensitive data with others, according to defense officials.
Internally, SpaceX has a team that is expected to ensure compliance with the government’s national security rules. Some of those employees have complained to the Defense Department’s Office of Inspector General and other agencies about the lax reporting, which goes back to at least 2021, four people with knowledge of the company said. SpaceX was awarded at least $10 billion in federal contracts with the Pentagon and NASA from 2019 to 2023, making it a major contractor.
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Mr. Musk is facing scrutiny as he wields increasing power around the world through his myriad businesses — particularly SpaceX but also the social media company X and the electric carmaker Tesla. While the 53-year-old has long blown past norms and conventions that do not suit him or his companies, the stakes are arguably higher when it comes to national security matters.
For years, SpaceX workers responsible for upholding disclosure rules grudgingly allowed Mr. Musk to disregard many of the reporting procedures, as they did not want to lose their jobs, the people with knowledge of the company said. But the issue has reached a tipping point as Mr. Musk’s influence is set to escalate. An ardent supporter of President-elect Donald J. Trump, he was named last month to help lead an effort to winnow the federal bureaucracy and has joined calls that Mr. Trump has held with foreign leaders.
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2024-12-19 22:53:26
A Senate committee discussed the potential for federal regulation of sports gambling during a nearly two-hour hearing on Tuesday that focused on how the industry’s widespread legalization across the United States was affecting athletes, the general public and the integrity of amateur and professional sports.
Senator Richard J. Durbin, Democrat of Illinois and chair of the Senate Judiciary Committee, said sports betting had become a public health issue since a Supreme Court decision in 2018 overturned a federal law that had effectively banned the practice outside Nevada. Sports betting is now legal in 38 states and the District of Columbia, with Missouri set to become the 39th state in 2025. This was the first Senate hearing focused on the possibility of national regulations for the $10 billion sports betting industry.
“I think there is a feeling on both sides of the table that we need to address this,” Mr. Durbin said.
That these issues were being debated by one of the most powerful Senate committees, albeit during a lame-duck session, speaks to the rapid rise of the sports betting industry in the United States. Its exponential growth over the last six years has surprised even people in the gambling industry, and public officials are grappling with how to catch up.
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Americans legally wagered more than $30 billion on sports in the last quarter , according to the American Gaming Association, the industry’s trade organization. The National Council on Problem Gambling also estimates that 2.5 million adults each year may have a severe gambling problem, and that five million to eight million additional people have mild or moderate gambling problems. There has been little consensus, though, on who bears responsibility for bettors who develop problems.
The committee invited a slate of witnesses who were approved by both the majority and minority members. Charlie Baker, the president of the National Collegiate Athletic Association, told the committee that there had been an increase in reports of integrity concerns and betting-related harassment of college athletes and coaches as legalized sports betting had spread across the country.
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2024-12-19 22:53:13
In October, OpenAI, the start-up behind ChatGPT, raised one of the largest rounds of venture capital, bringing in $6.5 billion.
On Tuesday, another artificial intelligence start-up, Databricks, announced an even bigger haul: It is set to collect $10 billion in a new funding round, which would value the company at $62 billion.
The record fundings show that two years into an A.I. boom, investor enthusiasm for the technology has not waned. In recent months, some A.I. start-ups have struggled to find their footing and been sold or folded into larger companies. Even the fastest-growing companies are burning enormous sums of cash. OpenAI recently told investors that it expected to lose $5 billion this year on $3.7 billion in sales.
Investors remain bullish. Databricks, which was founded in 2013 and provides software tools for storing and analyzing large amounts of online data, said it expected in January to have more than $3 billion of “revenue run rate,” or monthly revenue extrapolated for a full year. It has morphed into an A.I. company in recent years, helping businesses build and operate the kind of software that drives chatbots and similar A.I. services.
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The San Francisco-based company also said it expected to have a “positive free cash flow” for the three months ending Jan. 31, a sign that its income was mostly outpacing its spending. The company sells its products to more than 10,000 customers, including Shell and Comcast. More than 500 customers are on a pace to pay Databricks over $1 million a year for its offerings, the company said.
At a valuation of $62 billion, Databricks would surpass the market capitalization of its main competitor, Snowflake, which is publicly traded.
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2024-12-19 22:52:47
**Прогресс женщин за последние десятилетия**
Женщины значительно продвинулись вперед за последние десятилетия: они чаще получают степень бакалавра, чем мужчины, и четыре из девяти судей Верховного суда США — женщины. Однако в корпоративной Америке картина иная: только 10% генеральных директоров компаний Fortune 500 — женщины, и лишь треть мест в советах директоров компаний из индекса Russell 3000 занимают женщины.
**Мнения экспертов на DealBook Summit**
Джоди Кантор из The New York Times собрала девять бизнес-лидеров и предпринимателей, чтобы оценить прогресс женщин в рабочей сфере. Никто не оценил ситуацию выше шести из десяти.
- **Линн Мартин, президент Нью-Йоркской фондовой биржи**: 6. "Мы ещё не достигли цели, но у женщин есть уникальные возможности."
- **Решма Соджани, CEO Girls Who Code и Moms First**: 1. "Без контроля над репродуктивными правами у женщин нет базовых прав."
- **Брук Шилдс, модель, актриса и предприниматель**: 4. "Сопротивление нашему продвижению сильно, и нужно быть умнее, чтобы его преодолеть."
- **Тасунда Браун Дакетт, CEO TIAA**: 3. "Только 10% женщин в Fortune 500, женщины уходят на пенсию с 30% меньшими средствами — итоги говорят сами за себя."
- **Донна Лэнгли, председатель NBCUniversal Entertainment and Studios**: "Мы на переломном этапе, но маятник может качнуться назад."
- **Диана фон Фюрстенберг, дизайнер и филантроп**: "Мы сильнее мужчин и должны проявлять к ним сострадание, чтобы наши идеи стали и их идеями."
- **Эмма Греде, соучредитель Good American**: 1. "Пока наши репродуктивные права отнимают, нельзя игнорировать ситуацию в мире."
- **Эми Гриффин, основатель G9 Ventures**: "Я оптимистично настроена, что всё движется в правильном направлении."
- **Брук Боярски Пратт, CEO Knownwell**: 5. "Мы решили многие системные проблемы, но культурные барьеры остаются."
**Изменения на рабочем месте и влияние на женщин**
На встрече обсуждались три изменения на рабочем месте, включая покрытие затрат на замораживание яйцеклеток. Некоторые участники считают, что это не решает конфликта между карьерой и родительством. Брук Боярски Пратт назвала это "ложной надеждой", поскольку не все замороженные яйцеклетки превращаются в здоровые эмбрионы. Эмма Греде отметила, что женщин обманули, обещая, что можно отложить рождение детей ради карьеры.
**Заключение**
Несмотря на достигнутый прогресс, женщины всё ещё сталкиваются с серьёзными барьерами на пути к лидерству в корпоративном мире. Необходимы изменения как в политике, так и в культуре, чтобы действительно изменить ситуацию.
Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:52:34
Pixar, a division of Walt Disney Studios, removed a transgender story line from its animated series “Win or Lose,” which is set to start streaming in February, Disney said on Tuesday.
The series follows a middle school coed softball team in the week leading up to the championship game, and each episode is told from the perspective of a different character. The character will remain in the show, Disney said, but a few lines of dialogue focused on her gender, a plot point that appeared near the end of the eight-episode series, have been edited out.
“When it comes to animated content for a younger audience,” Disney said in a statement, “we recognize that many parents would prefer to discuss certain subjects with their children on their own terms and timeline.”
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2024-12-19 22:52:10
A former private-equity tycoon in the Middle East has been ousted from the high-profile philanthropy group made up of some of the world’s wealthiest people.
The group, the Giving Pledge, a network of charitable donors tied to the Bill and Melinda Gates Foundation, quietly cut ties with Arif Naqvi, the founder of the Abraaj Group, a private equity firm that has been accused of widespread fraud, said a spokesperson for the Giving Pledge. Mr. Naqvi, 64, is only the third person to be forcibly removed from the group of philanthropists, which has been one of the most venerated collections of wealth holders across the globe.
Mr. Naqvi’s name was, without announcement, removed from the Giving Pledge’s website this year, according to a New York Times review of its signatories.
“We can confirm that Arif Naqvi is no longer a member of the Giving Pledge community,” the Giving Pledge spokesperson said in a statement to The Times. “Mr. Naqvi was removed from the Giving Pledge in May 2024, in accordance with the spirit and intention of the Giving Pledge community.”
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Mr. Naqvi could not be reached for comment. Lawyers who had represented him in the past did not respond to requests for comment. He previously denied wrongdoing.
The Abraaj Group made international headlines in 2018 with its collapse. The firm, based in Dubai, specialized in emerging markets and controlled $14 billion in assets, some of which were from the Gates Foundation.
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2024-12-19 22:51:54
“A wild card”
Even before becoming “first buddy” to President-elect Donald Trump, Elon Musk wielded significant influence in government, thanks to SpaceX.
But The Times reports that the tech mogul is facing scrutiny over his activities at the rocket company — all of which may dissipate once Trump takes office.
Federal agencies are reviewing Musk’s failure to comply with security clearance rules, The Times reports. Holders of top national security credentials must submit information about foreign travel and aspects of their personal lives, including drug use, to ensure they aren’t at risk of disclosing state secrets.
But Musk and SpaceX haven’t fully complied with that requirement since at least 2021, The Times reports. Concerns about that failure — both within government and within SpaceX — have prompted multiple reviews, including by the Defense Department’s Office of Inspector General. (No federal agency has accused him of disclosing classified material.)
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Why people are worried: Musk has a penchant for sharing a lot on his X social network, including about diplomatic meetings. He has held several meetings or discussions with representatives of foreign governments, reportedly including with Iranian officials and President Vladimir Putin of Russia .
Musk has also spoken openly about his use of ketamine, which he says he has a prescription for; he hadn’t disclosed that to the government.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:51:38
**Заголовок: Влияние Тарифов на Оливковое Масло**
США потребляют больше оливкового масла, чем любая другая страна, кроме Италии, но произвели его очень мало. 97% оливкового масла в США импортируется, в основном из Испании и Италии. Угроза президента Трампа ввести высокие тарифы на импортные товары встревожила глобальную индустрию стоимостью $14 миллиардов. Трамп рассматривает тарифы как инструмент для защиты американского бизнеса и наказания недружественных торговых партнеров.
**Заголовок: Влияние Тарифов на Цены**
Производители оливкового масла опасаются, что тарифы заставят их поднять цены, тогда как цены на масло в США уже удвоились с 2021 года. Трамп не уточнил, какие товары или страны будут подвержены тарифам, но ранее Испания уже пострадала от 25% тарифа. В 2021 году тариф был приостановлен Байденом, но может быть восстановлен.
**Заголовок: Восстановление После Пандемии**
После пандемии спрос на оливковое масло упал, но к 2024 году ожидалось улучшение ситуации благодаря хорошему урожаю. Однако переизбрание Трампа изменило эти ожидания. Вопрос в том, улучшат ли тарифы перспективы для американских производителей и потребителей.
**Заголовок: Перспективы Американских Производителей**
Американские производители, такие как McEvoy Ranch, не видят немедленной выгоды от тарифов. Оливковые деревья растут медленно, и увеличение производства требует времени. Больше, чем тарифы, на стоимость масла влияют инфляция, рост затрат на труд и изменения климата.
**Заголовок: Стратегии Крупных Производителей**
Крупные производители, такие как Filippo Berio, защищены от рыночных колебаний. В предыдущий период тарифов только бутилированное масло облагалось налогом, и Filippo Berio могла импортировать нефасованное масло из стран, не входящих в ЕС, таких как Марокко и Турция.
**Заголовок: Проблемы Малых Производителей**
Малые европейские производители, не получающие субсидий, могут пострадать от тарифов. Skyler Mapes, сооснователь Exau, отмечает, что импорт оборудования из Европы станет дорогим, что затруднит производство в США.
**Заголовок: Инициативы Поддержки Производителей**
Североамериканская ассоциация оливкового масла изучает возможность переклассификации масла как свежего продукта для исключения из-под тарифов. Также обсуждаются инициативы по введению стандартов для масла в США, что помогло бы защитить рынок от фальсифицированной продукции.
**Заголовок: Риски Фальсификации**
Фальсификация остается проблемой в индустрии: бренды могут использовать упаковку, намекающую на премиум-качество, в то время как продукт может быть низкого качества. Установление стандартов могло бы уменьшить эту проблему и защитить потребителей.
Подписывайтесь на New York Times Cooking в социальных сетях для получения рецептов и советов по приготовлению.
Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:51:24
David Bonderman, a founder of the giant investment firm TPG, who helped transform private equity into a multitrillion-dollar industry that reshaped corporate America, died on Dec. 11. He was 82.
His death was announced by his family, TPG and the Seattle Kraken, the National Hockey League franchise he co-founded. The cause and place of death were not disclosed.
Mr. Bonderman, a lawyer, took various legal paths over his career — law professor, civil rights lawyer, corporate lawyer — before becoming a financier. That led him to create what is now TPG, a $239 billion behemoth that buys companies, invests in start-ups, makes loans and more.
TPG is one of the biggest players in what Wall Street calls alternative investments, among the fastest-growing businesses in finance, and has minted many Midas-level fortunes. Mr. Bonderman had an estimated net worth of about $6.7 billion, according to Forbes.
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Though he stepped down from day-to-day management at TPG about a decade ago, he retained the title nonexecutive chairman.
“David Bonderman was one of the most creative and innovative deal makers since 1990,” Stephen A. Schwarzman, a founder of Blackstone and a longtime rival, said in a statement. Henry R. Kravis of KKR, another competitor, said Mr. Bonderman was “a real pioneer in the alternative investment space.”
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:50:58
Federal Reserve officials are scheduled to release a fresh set of economic projections alongside their rate decision on Wednesday, forecasts that will offer a fresh glimpse of just how much and how quickly central bankers expect interest rates to come down.
Central bankers raised interest rates sharply in 2022 and 2023 to slow the economy and wrestle rapid inflation under control. But price increases are nearly back to normal, so policymakers cut interest rates in both September and November — and are expected to make a third and final cut of 2024 on Wednesday.
The big question now is what will come next. When policymakers last released quarterly economic projections in September, they expected to make a full percentage point of rate cuts in 2025. But since then, growth has been stronger and inflation has been stickier than many officials had expected.
That could lead to some changes when the fresh projections are released this week. Here’s where to watch for changes — and how to interpret any updates.
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The dot plot, decoded
When the central bank releases its Summary of Economic Projections each quarter, Fed watchers focus obsessively on one part in particular: the so-called dot plot.
The dot plot will show Fed policymakers’ estimates for interest rates at the end of the next several years and over the longer run. The forecasts are represented by dots arranged along a vertical scale — one dot for each of the central bank’s 19 officials.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:50:42
The Federal Reserve is expected to lower its key rate by another quarter point on Wednesday, marking its third consecutive cut since September. In total, rates will have dropped by a full percentage point since then.
That’s good news for borrowers, who should see rates decline in a similar fashion on credit cards, home equity and other loans. With inflation ticking slightly higher, it may be the last reduction for a while, though everyone will be listening for fresh clues about where rates may be headed in 2025.
The Fed’s benchmark rate stands at about 4.6 percent. In an effort to tamp down sky-high inflation, the central bank began lifting rates rapidly — from near zero to a high of 5.33 — between March 2022 and July 2023. Prices have cooled considerably since then, and the Fed pivoted to rate cuts three months ago.
Since then, however, the course has become less clear cut. Stronger economic data , coupled with potentially inflation-stoking polices from an incoming President-elect Donald J. Trump, could make more cuts unnecessary.
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Here’s what to watch for in five key areas of your financial life, as rates fall now.
Auto Rates
What’s happening now: Auto rates and car prices have been trending lower but they still remain elevated, making affordability a challenge. Dealerships have been offering more incentives and discounts to attract buyers, and that’s expected to continue.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:50:28
Just as central bankers around the world were growing more confident that inflation was coming back under control and growth stabilizing, a new economic threat looms: potentially hefty tariffs imposed by President-elect Donald J. Trump.
It’s too soon to know what policies Mr. Trump will carry out during his second presidential term or how other governments might respond. But central bankers are alert to the risk that global trade tensions will make managing inflation more challenging.
At the same time, investors are preparing for the risk of a trade war that hits economic growth and encourages policymakers to cut interest rates more aggressively, particularly in Canada and the eurozone.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:50:14
After facing public scrutiny for the use of prison labor, a supplier to the South Korean automaker Hyundai said it had dismissed dozens of incarcerated men it had employed through the Alabama Department of Corrections and ended its inmate labor contract with the state.
The supplier, Ju-Young, ended the contract weeks after The New York Times published an article about the company’s involvement in the state’s expansive prison labor system. Prison labor is facing increased legal challenges in state and federal courts after Alabama changed its Constitution in 2022 to more broadly ban “involuntary servitude,” removing a previous exception for those convicted of crimes.
“The contract with A.D.O.C. has been terminated,” a Ju-Young official, Eunjung Lee, said in an email. “We are not sure yet if we will be resuming work with A.D.O.C.”
Men being held at a correctional facility said local managers at Ju-Young plants had informed them in early November that the attention brought to the firm by the Times report was unwelcome, according to affidavits from several workers collected by a nonprofit labor group that is considering filing a legal challenge to the firings. They were told that executives would begin letting people go that month until all imprisoned workers could be replaced.
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A spokeswoman for the Alabama Department of Corrections did not respond to requests for comment.
Officials at Jobs to Move America, the labor group that has been working with many of the prisoners, said 32 men were fired. Of those, at least 20 have been reassigned to other work-release jobs, the group said.
The supplier code of conduct at Hyundai dictates that suppliers should not manufacture “directly or indirectly, with the use of forced labor.” A Hyundai spokesman declined to say whether the company had determined that Ju-Young, which makes fenders for the automaker, was in violation of that code or whether the labor of Alabama prisoners constituted “forced labor.”
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:50:02
In a stark acknowledgment of the increasing seriousness of bird flu’s spread, Gov. Gavin Newsom of California declared on Wednesday that the outbreak of infections among the state’s dairy cattle constituted an emergency.
The announcement followed news earlier in the day that an individual in Louisiana had been hospitalized with bird flu, the first infected American to become severely ill.
The virus, H5N1, cannot yet spread easily among people, and it still poses little danger to the average American. Pasteurized dairy products are still safe to consume.
But the past few weeks have brought a steady drumbeat of cases in people, dairy cattle, birds and other animals. Each infection gives the virus a chance to take on a form that could cause a pandemic, experts warned.
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“All these infections in so many species around us is paving a bigger and bigger runway for the virus to potentially evolve to infect humans better and transmit between humans,” said Dr. Nahid Bhadelia, the director of the Boston University Center on Emerging Infectious Diseases.
“That represents an escalation in the situation, even if risk to general population remains low,” she said.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:49:48
S&P 500
Data delayed at least 15 minutes
Source: FactSet
By The New York Times
Stocks slumped, the dollar soared and the cost of borrowing money rose on Wednesday, as the Fed dialed down expectations for interest rate cuts next year given the continued strength of the U.S. economy.
The S&P 500 index dropped 3 percent, its biggest fall since the start of August. The Russell 2000 index of smaller companies that is more closely tied to the domestic economy tumbled 4.4 percent, its worst one-day showing in two and a half years. The Dow Jones industrial average fell for a 10th-straight day, its longest losing streak since October 1974.
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2024-12-19 22:49:33
In the month since President-elect Donald Trump won the U.S. presidential election, there has been much debate over what led to his clear but narrow victory . At a task force session at the DealBook Summit, The Times’s senior political correspondent Maggie Haberman moderated a thoughtful, nuanced and sometimes contentious debate among political figures, advisers and journalists about what happened. Heres what they said.
Van Jones: “You’re pushing people out of the party.”
Jones is an author and host for CNN.
“Our party is supposed to be the party of F.D.R. and working folks,” Jones said of the Democratic Party. “But if you don’t eat kale and go to yoga classes, you can’t go to most of these meetings.” He said that Democrats were too skeptical of cryptocurrency and Silicon Valley, and that they missed an opportunity by not inviting Elon Musk, the chief executive of Tesla, to an electric vehicle event at the White House because his company didn’t employ union workers. “You’re pushing people out of the party,” he said.
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Democrats also failed to speak to men, Jones said:
“Men are hurting. And the feminist culture tells you, Don’t cry because you’re the problem anyway. And the masculine culture tells you, Don’t cry because boys don’t cry. So you just aren’t able to talk about how scared you are that you can’t provide for anybody. You can’t talk about how scared you are that you don’t understand your kids and what’s going to happen to them. You can’t talk about anything. So at least Donald Trump lets you have an emotion besides shame.”
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2024-12-19 22:49:19
Starbucks has a China problem: coffee and tea drinkers who want more for less.
Vivian Yan tried her first Starbucks coffee eight years ago. She was desperate for a jolt of caffeine at work, and the store was nearby. “It didn’t necessarily mean I love Starbucks,” she said, “nor was it my first choice.”
These days, she thinks a cup of Starbucks is a little too expensive and prefers to get her coffee from McDonald’s. But what she really loves is ChaGee, HeyTea and other Chinese chains that sell coconut milk lattes, boba milk teas with cheese cream and sugary jasmine tea frappés. “They are delicious and offer more choices,” said Ms. Yan, 35, who is from China’s eastern province of Jiangsu.
Ms. Yan’s preference for more diverse flavors poses an acute challenge for Starbucks. It is losing customers at a rapid pace. Brian Niccol, the new chief executive, sounded the alarm in October, calling the competition “extreme” in the company’s second-biggest market behind the United States.
When Starbucks opened its first shop in China in 1999, tea dominated and coffee culture was practically nonexistent. But the company quickly built a thriving market alongside a swelling middle class that was turning to iPhones, Gucci handbags and other international brands to signal its newfound wealth.
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Today, consumers are less interested in foreign brands, more cost conscious and enticed by local rivals that are popping up on corners all around the country offering something a little different. Dozens of competitors to Starbucks spin out new flavors of tea and coffee every week, at lower prices, creating competition so ferocious that Starbucks saw a 14 percent plunge in same-store sales in China in its most recent financial quarter.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:49:03
### Заголовок 1: Успехи General Motors в Китае
General Motors (G.M.) была пионером на китайском рынке, добиваясь огромных прибылей и конкурируя с Volkswagen за лидерство по продажам автомобилей. Компания начала свою деятельность в Китае в 1996 году с инвестицией в $350 миллионов, построила сеть заводов и отправляла миллиарды прибыли в Детройт.
### Заголовок 2: Упадок продаж и финансовые потери
Однако, продажи G.M. в Китае резко упали, снизившись на 42.5% за первые 11 месяцев года. Сейчас компания занимает 16-е место по продажам. Это вынудило G.M. списать около $5 миллиардов на убытки.
### Заголовок 3: Стратегия и адаптация к рынку
Ранняя стратегия G.M. в Китае включала производство минивэнов и бюджетных автомобилей, которые пользовались спросом у местного населения и государственных компаний. Однако, со временем конкуренция с китайскими производителями и переход на электромобили стали серьёзными вызовами.
### Заголовок 4: Совместные предприятия с китайскими компаниями
G.M. была вынуждена создавать совместные предприятия с китайскими компаниями, что привело к передаче технологий местным конкурентам, которые сейчас опережают G.M. по продажам.
### Заголовок 5: Налоги и субсидии
Высокие налоги на импортируемые автомобили и ограниченные субсидии для иностранных производителей затруднили конкуренцию G.M. в сегменте электромобилей и гибридов, которые сейчас составляют более половины китайского рынка.
### Заголовок 6: Основание успеха и потери позиций
Успехи G.M. в Китае начались с Филиппа Ф. Мерто, который был ключевой фигурой в развитии бизнеса. Однако, позже компания интегрировала китайские операции в свои американские подразделения, что привело к утрате независимости и потере конкурентных преимуществ.
### Заголовок 7: Электромобили и инновации
G.M. пыталась ввести на рынок гибридные автомобили, но столкнулась с ограничениями субсидий. В то время как китайские стартапы активно инвестировали в инновации, G.M. оставалась позади.
### Заголовок 8: Текущая ситуация и перспективы
Сегодня китайские производители доминируют на местном рынке, включая SAIC, давнего партнёра G.M. В 2023 году G.M. начала импортировать некоторые модели из США, но сталкивается с жёсткой конкуренцией. Несмотря на это, компания заявила, что не сдаётся и планирует возродить прибыльность в Китае.
### Заключение
G.M. продолжает адаптироваться к быстро меняющемуся китайскому рынку, но сталкивается с серьёзными вызовами со стороны местных компаний и изменяющихся предпочтений потребителей.
Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:48:48
Luka Doncic was 13 when he moved from his native Slovenia to Spain to play for Real Madrid. He didn’t know English or Spanish, but he could speak basketball fluently, and the expectations of a storied professional organization hung over him.
But it was fun for him, even with that pressure, the same way it is now that he has become one of the N.B.A.’s brightest stars, playing for the Dallas Mavericks.
He has noticed that it’s not like that for many players in youth programs around the world, a number of whom have quit basketball while still in adolescence.
“The kids are, I think, a little bit stressed,” Doncic said in an interview.
So this year, his foundation, which debuts this week with a focus on making sports an enriching part of children’s lives, hired a research organization called Nonfiction to study youth basketball in the Balkans and the United States. Over five months, researchers conducted in-depth interviews with dozens of coaches, players, parents, trainers and other basketball experts. They also surveyed more than 1,200 parents of youth basketball players and immersed themselves in eight basketball camps and training centers. They collected letters from children who wrote about the sport’s importance to them.
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The researchers found that youth programs in the Balkans focused on the team more than the individual. They also found that when Yugoslavia dissolved in the early 1990s, much of the government support for basketball in that region disappeared. The corporations that filled the void through sponsorships sometimes put pressure on teams to win, which led some coaches to pay less attention to player development and emphasize winning over everything else.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:48:12
The U.S. economy is pulling ahead of its global peers. Inflation is moderating, and the Federal Reserve is cutting interest rates.
Add in a decrease in unlawful southern border crossings and revved-up domestic production in several critical industries and they amount to a rough list of Donald J. Trump’s campaign promises.
It’s a list of economic wins that Mr. Trump is inheriting in large part because of policies that the Federal Reserve and Biden administration have pursued in recent years.
The economy is doing better than most economists predicted a few years ago. Forecasters widely warned that the Fed would seriously harm the economy as it tried to control runaway inflation by sharply raising interest rates in 2022 and 2023. Instead, price increases have come down substantially without a broader implosion. The unemployment rate is low. Consumers are spending.
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“The U.S. economy has just been remarkable,” Jerome H. Powell, the Fed chair, said during a news conference on Wednesday, after the Fed cut rates for a third time this year.
But a variety of risks — some sheer happenstance, some floated by Mr. Trump — could interfere with that rosy outcome just as the newly re-elected president takes office.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:47:56
It’s a somber end to the year in Britain, dampened by a string of disappointing economic news. Inflation has jumped, the economy has stagnated and consumer confidence surveys are deeply downbeat .
The year started with an unexpectedly strong rebound out of a recession , anticipation of interest rate cuts and the prospects for a new government that vowed to restore sustainable economic growth. Voters put the Labour Party in charge in July, ejecting the Conservative Party from power after 14 years.
But optimism has been difficult to muster lately . Labour’s first budget included larger-than-expected spending and investment plans, offering some stimulus to the economy, but also raised taxes on businesses. And while interest rates are coming down, the pace has been slow.
On Thursday, the Bank of England held interest rates at 4.75 percent. A day earlier, data showed that inflation accelerated to 2.6 percent in November, from 2.3 percent the previous month, moving further away from the bank’s 2 percent target.
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“We think a gradual approach to future interest rate cuts remains right, but with the heightened uncertainty in the economy we can’t commit to when or by how much we will cut rates in the coming year,” Andrew Bailey, the governor of the central bank, said in a statement.
Since the summer, the Bank of England has cut interest rates by half a percentage point. Over the same period, the U.S. Federal Reserve and the European Central Bank have lowered rates by a full point.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:47:41
When the digital news start-up Semafor began in 2022, its founders talked about reaching a vast global audience of 200 million college-educated, English-speaking people .
But their latest push is aimed at just a tiny — albeit moneyed — sliver of that: top executives.
The company said Thursday that it would start an invitation-only newsletter for chief executives, The CEO Signal, in January. It will be free but available only to the leaders of companies with more than $500 million in annual revenue.
Semafor’s newest project is the latest in a series of moves among media outlets like The Wall Street Journal, Axios and Fortune, which are battling for attention inside the C-suite.
Despite a crowded marketplace, each sees an opportunity for its newsletters and events to cater to the highest echelon of corporate leaders and to tap into a lucrative world of sponsorships and subscriptions. New sources of revenue have become increasingly important for many publications in the face of a tough digital advertising market and faltering social media traffic.
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“It truly is an example of the reversal of this 20-year trend in media of prioritizing scale,” said Justin Smith, the chief executive and a co-founder of Semafor. He added, “We’re really not talking about small business or midsize business but the C.E.O.s of the biggest companies in the world, which is a micromarket.”
Mr. Smith said he had realized shortly after Semafor began that its journalists and articles were “tilting our whole model, at least in the initial phase of Semafor’s existence, toward a very, very clear audience segment, which I would call the global leadership class.”
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:47:25
Higher-for-longer is here
For weeks, Jay Powell has been sending markets the message that the Fed is entering a more cautious phase, signaling that high borrowing costs would linger for longer.
The central bank made good on that message on Wednesday, delivering a quarter-point rate cut that sent markets tumbling and the dollar soaring.
The hawkish shift is unlikely to have pleased President-elect Donald Trump and could weigh on his economic agenda as he prepares to take office next month.
The S&P 500 had its worst Fed-day sell-off since 2001 . After the central bank announced the rate cut — but signaled fewer cuts over the next three years — the VIX index, Wall Street’s “fear gauge,” spiked . Investors dumped everything including their crypto holdings and bank and tech stocks, as the Fed made clear that inflation risks are back and that their 2025 economic outlook looks very different from the one it delivered just three months ago.
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A partial federal government shutdown nail-biter (more on that below) is adding to jitters.
Stock futures point to a slight rebound on Thursday. But traders are penciling in just one rate cut next year (the Fed sees two), and some on Wall Street are rethinking their models. “We stick with our forecast for two more rate cuts next year, but the risks have clearly shifted in the direction of fewer (no) cuts,” Aditya Bhave, an economist at Bank of America, said in an investor note on Thursday.
Trump is set to take office next month against an economic backdrop that he often rails against. The prospect of high interest rates, a strong dollar and uncertainty in stocks and bonds could hang over his administration. Yet economists warn that many of his policies, including hiking tariffs and cutting immigration, might be inflationary.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:47:10
Workers who deliver packages from seven Amazon facilities across the country went on strike Thursday morning, according to the International Brotherhood of Teamsters, the union that represents them.
The Teamsters said thousands of workers had struck, but it was unclear how many people were participating in the action. Amazon said it expected the seven delivery hubs to operate normally.
The drivers are employees of companies that Amazon uses to deliver packages to customers. Amazon has said it has no obligation to bargain with the drivers, because they are not its employees. But the union and the workers said that Amazon ultimately controls their working conditions and was therefore obligated to bargain with them.
The National Labor Relations Board has investigated some of the cases and issued at least one complaint finding the drivers to be Amazon employees and accusing the company of breaking the law by failing to bargain with them.
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The Teamsters said in a statement that workers at other Amazon warehouses were prepared to join the strike. The largest group at Amazon represented by the union works at a Staten Island warehouse known as JFK8, which employs more than 5,000 people. Employees at the warehouse voted to unionize in 2022, but the company has yet to bargain with them and is challenging the election outcome.
Workers involved in the strike say it could extend into early next week, perhaps into Christmas, but it’s unclear how big an impact the walkout will have on Amazon’s holiday deliveries.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:46:54
President-elect Donald J. Trump injected debt limit politics into already-fraught congressional spending talks this week, urging lawmakers to lift the debt limit or abolish it entirely before he takes office next month.
The re-emergence of the debt limit comes 18 months after Republicans and Democrats staved off a fiscal crisis and agreed to suspend a cap on how much the government can borrow until after the 2024 presidential election. That was supposed to clear the decks and sidestep a politically difficult vote during the heat of campaign season.
But now the problem is waiting for Mr. Trump. As he prepares to push an agenda of tax cuts and border security, Mr. Trump fears that a debt limit fight next year could interfere. His plans are expected to cost trillions of dollars, much of which will most likely need to come from borrowed funds. A drawn-out debt limit fight next year could force Mr. Trump and Republicans to bow to the demands of Democrats and could consume the congressional calendar.
“This is a nasty TRAP set in place by the Radical Left Democrats!” Mr. Trump wrote on social media on Wednesday night.
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Republicans are always reluctant to lift the debt limit, particularly when a Democrat is in the White House, saying it enables runaway spending. G.O.P. lawmakers regularly use it as a tool to extract concessions, such as spending cuts, from Democrats when they are in power.
But Republicans will soon control Congress, as well as the White House, putting the onus squarely on them to either deal with the debt limit or face the prospect of a default. The standoff over the debt limit last year roiled markets and led to a downgrade of the long-term credit rating of the United States . Mr. Trump would like to avoid a similar scenario on his watch.
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Английский для бизнеса с Ольгой Майоровой
2024-12-19 22:46:38
ProGenshin
2024-12-19 21:53:47
ProGenshin
2024-12-19 21:53:42
<b>Кое-как / кое как — как правильно?</b>
Слово «кое-как» отвечает на вопрос «как?» и является наречием. Так же как и неопределенные местоимения, с приставкой «кое-» оно<b> пишется через дефис</b>, который создает между «кое-» и «как» смысловую связь. Это правило нельзя объяснить — оно сложилось исторически, поэтому здесь нужно просто поверить словарям.
А вот, например, если в косвенных падежах в составе этого местоимения появляется предлог, оно пишется в три слова без дефиса: <i>кое на какие, кое у кого, кое о ком.
</i>
#поспорим
<a href="https://t.me/Lingvaa">Лингвист</a>
Пиши и читай
2024-12-19 21:35:41
Глазастые игроки выяснили, что "новую" физику поп просто позаимствовали с ЗЗЗ, где это было с релиза
[ @GenshinMedia / #утечки ]
ProGenshin
2024-12-19 21:34:44
<b>Официальный арт с анонса стрима</b> <a href="https://t.me/kitovfull/150">скачать без регистрации </a>
[ @GenshinMedia / #новости ]
ProGenshin
2024-12-19 21:34:41
🗓 Сегодня 20 декабря – отмечается 17 праздников.
✅ День работника органов безопсности РФ (День ФСБ)
✅ День куриного рождества
✅ День игр
✅ День неудачника
✅ День карманных вселенных
✅ Праздник радостной песни
✅ Международный день солидарности людей
✅ День ярких шарфов
✅ Международный день мятой рубашки
✅ День баночной тусовки
✅ День света и световых технологий
✅ День расставления точек над «i»
✅ День сангрии
✅ Ночь матери
✅ День украшения комнаты к Новому году
✅ День электронно-лучевой трубки
✅ Абросимов день (Амвросий праздники отбросил)
<b>Именины отмечают: Сергей, Петр, Павел, Михаил, Иван, Григорий, Василий, Антон.</b>
Если пропустил какой-то праздник, добавьте его в комментариях.
<a href="https://t.me/tut_prazdnik">👉 Какой сегодня праздник?</a>
<a href="https://pay.cloudtips.ru/p/24fd4800">Админу на Новый год 🎄</a>
Календарь праздников на каждый день
2024-12-19 21:32:30
<b>Что общего между Толстым и толстовкой? </b>
Оказывается, название популярного предмета одежды напрямую связано с фамилией великого писателя. Правда, не по воле самого прозаика.
При жизни Толстой стремился «упростить» жизнь и приблизиться к народу, поэтому носил косоворотки — длинные просторные рубашки. Именно в этих блузах с воротником и поясом он позировал для снимков, которые стали известны далеко за пределами России.
Уже после смерти Толстого тысячи людей подражали писателю: продвигали его идеи и одевались в его стиле. Со временем главный элемент гардероба этих последователей, свободная рубаха, стала называться<b> <i>Tolstoy blouse</i></b> (англ.) и <b><i>blouse a la Tolstoi</i> </b>(фр.), или по-русски —<b> <i>«толстовкой»</i>.</b>
<a href="https://t.me/literary_tg"><b>📖 Читал, но забыл</b></a>
Пиши и читай
2024-12-19 21:06:02
<b>Паранойя</b> — 妄想症 [вансян чжэн]
<i>Связанные слова:</i>
幻觉 [huànjué / хуаньцзюэ] — Галлюцинация.
焦虑 [jiāolǜ / цзяолюй] — Тревога.
<i>Пример использования:</i>
他的妄想症让他害怕与人接触 [tā de wàngxiǎng zhèng ràng tā hàipà yǔ rén jiēchù / та дэ вансян чжэн жан та хайпа юй жэнь цзечу] — Из-за своей паранойи он боится контактов с людьми.
#существительное
<a href="https://t.me/chinese_lingvistika_slovar">Китайский язык</a>
Nǐ hǎo | Китайский для бизнеса
2024-12-19 21:04:53
Привет! Если тебе хочется узнать больше о китайском языке, загляни сюда: [Китайский язык](https://t.me/chinese_lingvistika_slovar).