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TradeBriefs Editorial

From the Editor's Desk

The Necessity of Our Illusions: Oliver Sacks on the Mind as an Escape Artist from Reality

“We need detachment… as much as we need engagement in our lives… transports that make our consciousness of time and mortality easier to bear.”Continued here

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G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion    
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
Wally Adeyemo, the deputy Treasury secretary, said the sanctions “demonstrate our commitment to upholding the principles of the price cap policy, which advance the goals of supporting stable energy markets while reducing Russian revenues to fund its war against Ukraine.”


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Scooter Company Bird Global Files Bankruptcy to Sell Itself    
Scooter Company Bird Global Files Bankruptcy to Sell Itself
Bird was founded by a former Uber Technologies Inc. executive, Travis VanderZanden, in 2017. It let customers remotely unlock the scooters and rent them using an app. The model was widely copied and turned Bird into one of the fastest startups to reach a $1 billion valuation at one point.


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Amid Dismal Polling and Some Voter Anger, Don’t Expect Biden to Shift His Strategy    
Amid Dismal Polling and Some Voter Anger, Don’t Expect Biden to Shift His Strategy
Katie Rogers is a White House correspondent covering a range of issues, including foreign policy, domestic policy, and the Biden family. Her book, “American Woman,” about first ladies in the White House, will be published in February 2024. She joined The Times in 2014. More about Katie Rogers


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U.S. Releases Ally of Venezuelan President in Exchange for 10 Americans    
U.S. Releases Ally of Venezuelan President in Exchange for 10 Americans
Lara Jakes, based in Rome, reports on diplomatic and military efforts by the West to support Ukraine in its war with Russia. She has been a journalist for nearly 30 years. More about Lara Jakes


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Ikea warns of product delays after Red Sea attacks    
Ikea warns of product delays after Red Sea attacks
The attacks have led the US to launch an international naval operation to protect ships in the Red Sea route, and countries including the UK, Canada, France, Bahrain, Norway and Spain have joined.


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Why is inflation higher in UK than other countries?    
Why is inflation higher in UK than other countries?
\"But the economy in the UK and the US are vastly different and if the [Bank] had followed suit there is a real possibility that the UK could already be in the recession that had been forecast.\"


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Southwest Airlines Reaches Deal With Pilots Union    
Southwest Airlines Reaches Deal With Pilots Union
There is no guarantee that Southwest’s pilots will approve the deal. The airline’s flight attendants rejected a deal this month, sending negotiators back to the table. Flight attendants at American and United are also negotiating new contracts.


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Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars    
Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
The Airbnb platform should have defaulted to Australian currency for people using it in Australia, the ruling said, but there were “bugs and/or edge cases” that caused the system to inaccurately identify some users as being located in the United States.


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Trump urges Supreme Court to let lower court hear immunity appeal first    
Trump urges Supreme Court to let lower court hear immunity appeal first
\"The combination of an almost three-year wait to bring this case and the Special Counsel\'s current demand for extraordinary expedition, supported by the vaguest of justifications, creates a compelling inference of partisan motivation.\"


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U.S. swaps Maduro ally for 'Fat Leonard' in Venezuela prisoner exchange    
U.S. swaps Maduro ally for 'Fat Leonard' in Venezuela prisoner exchange
In 2019, the Treasury Department said that Saab and his business partner, Alvaro Pulido, had \"enabled [Maduro] and his illegitimate regime to corruptly profit from imports of food aid and distribution in Venezuela.\"


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Scott Perry Needs To Hand In Thousands Of Phone Records To Special Counsel, Judge Rules    
Scott Perry Needs To Hand In Thousands Of Phone Records To Special Counsel, Judge Rules
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Billions are on the line for lenders as White House finalizes credit card late fee cap    
Billions are on the line for lenders as White House finalizes credit card late fee cap
Credit card companies spent a historic $37.04 million in 2022 on lobbying, according to records database Open Secrets. That year, total outstanding credit card debt surpassed $1 trillion for the first time since CFPB began collecting the data.


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Over a half-billion dollars in railroad freight stuck at Texas border crossings amid migrant battle    
Over a half-billion dollars in railroad freight stuck at Texas border crossings amid migrant battle
There is one interconnected North American rail network, rather than separate U.S. and Mexican rail networks, according to the Association of American Railroads. \"Every day the border remains closed unleashes a cascade of delay across operations on both sides of the border, impacting customers and ultimately consumers,\" AAR president and CEO Ian Jefferies said in a statement. \"The urgency of reopening these crossings and restoring rail service between the two nations cannot be overstated.\"


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Whiskey distillers cheer as EU, U.S. strike deal to avoid 50% tariff on exports to Europe    
Whiskey distillers cheer as EU, U.S. strike deal to avoid 50% tariff on exports to Europe
\"I do think American whiskey and tequila are still the two strongest categories in the U.S. spirits business,\" said Brown-Forman CEO Lawson Whiting on the company\'s latest earnings call. \"Tequila is coming down off of sky-high numbers where American whiskey was steady. High, but not as high as tequila.\"Don\'t miss these stories from CNBC PRO:


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Prada buys New York Fifth Avenue store building for $425 million    
Prada buys New York Fifth Avenue store building for $425 million
The wider Americas region has been a weak spot for Prada this year, with retail sales falling by 1.3% during the first nine months, contrasting with double digit growth in the Asia Pacific, Japan and European markets.


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Is the U.S. in a 'silent depression?' Economists weigh in on the viral TikTok theory    
Is the U.S. in a 'silent depression?' Economists weigh in on the viral TikTok theory
That explains why Americans feel so bad about their own financial standing, even when the country is in good shape, House said. \"Since homeownership is the biggest investment decision most people make in their lifetimes, the real estate market is likely dampening many Americans\' feelings about the U.S. economy.\"


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Kidnapped former British honorary consul rescued in Ecuador    
Kidnapped former British honorary consul rescued in Ecuador
Against this backdrop, the president, Daniel Noboa, who took office in late November, has promised to crack down on drug gangs and organised crime and pledged to take control of Guayaquil, which exports cocaine to the US, Europe and Asia.


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No sheep's clothing needed: Colorado reintroduces five gray wolves    
No sheep's clothing needed: Colorado reintroduces five gray wolves
Efforts to restore the gray wolf population come amid the accelerating extinction crisis and wildlife loss. This October, the US Fish and Wildlife Service removed 21 species from the endangered list due to extinction. Most of the lost species are Hawaiian birds that couldn't withstand diseases carried by invasive mosquitoes.


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Stock market news today: Stock market rally stalls as S&P 500 posts worst day since October    
Stock market news today: Stock market rally stalls as S&P 500 posts worst day since October
The US housing market will remain in focus for investors on Wednesday with the weekly read on mortgage applications due out at 7:00 a.m. ET and existing home sales set for release at 9:00 a.m. ET.


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Most American Couples Have This Much in Retirement Savings. Where Do You Stack Up?    
Most American Couples Have This Much in Retirement Savings. Where Do You Stack Up?
Counting on Social Security benefits alone likely won’t provide full support for your current lifestyle. But, benefits can definitely help with your living expenses in retirement. SmartAsset’s Social Security calculator will help you estimate how much of a benefit you can expect.


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22% of Americans Are Likely to Retire in 2024. Before You Do, Make These Moves    
22% of Americans Are Likely to Retire in 2024. Before You Do, Make These Moves
The $21,756 Social Security bonus most retirees completely overlook If you\'re like most Americans, you\'re a few years (or more) behind on your retirement savings. But a handful of little-known \"Social Security secrets\" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $21,756 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we\'re all after. Simply click here to discover how to learn more about these strategies.


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Texas Housing Developer Accused of Preying on Hispanic Buyers    
Texas Housing Developer Accused of Preying on Hispanic Buyers
Mr. Harris acknowledged in the telephone interview that not all the properties had water and sewer lines when they were sold. “But we have a timeline, and people know,” he said, adding that electric connections were controlled by the power company.


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Judge Orders Giuliani to Pay $148 Million Damage Award Immediately    
Judge Orders Giuliani to Pay $148 Million Damage Award Immediately
Alan Feuer covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.  More about Alan Feuer


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Mayor Apologizes to Black Men Falsely Linked to Murder That Exposed Boston’s Racism    
Mayor Apologizes to Black Men Falsely Linked to Murder That Exposed Boston’s Racism
“So he is a friend of the family and we chose to have him stand with us in solidarity so he can get his apology with us,” Mr. Bennett said. “He was wronged. He hasn’t been right since that case.”


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The Colorado Court That Barred Trump: Appointed by Democrats but Narrowly Split    
The Colorado Court That Barred Trump: Appointed by Democrats but Narrowly Split
If the case is appealed to the U.S. Supreme Court, as is expected, then Mr. Trump’s name would, under the state court’s order, remain on the ballot until the Supreme Court decides the case. But the Colorado secretary of state said on Tuesday that she would follow whatever court order is in place on Jan. 5, when the state must certify ballots for the primary election.


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Senate Wraps Up Year by Punting the Most Difficult Issues to 2024    
Senate Wraps Up Year by Punting the Most Difficult Issues to 2024
Mr. Schumer, in an interview, said he remained hopeful that an agreement would be ready for a quick vote when the Senate returns next month. He cited greater participation in the talks by the Biden administration and a recognition by Republicans that Democrats are willing to make serious concessions to stem the flow across the southern border.


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With Trump Declared an ‘Insurrectionist,’ His Rivals Pull Their Punches, Again    
With Trump Declared an ‘Insurrectionist,’ His Rivals Pull Their Punches, Again
There is no evidence suggesting that Mr. Biden has any ties to the Colorado case, or that he has meddled in any of the four criminal cases pending against Mr. Trump. But on his social media network, Mr. Trump was spinning the story that has either paralyzed his rivals for the nomination or elicited hosannas from the competition.


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Man Cleared of Murder After More Than 48 Years in Prison    
Man Cleared of Murder After More Than 48 Years in Prison
Joe Norwood, a lawyer for Mr. Simmons, said that the Tuesday ruling paved the way for Mr. Simmons to receive up to $175,000 in compensation and gave him the opportunity to file a federal lawsuit.


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Trump Ruling in Colorado Will Test Conservative Approach to Law    
Trump Ruling in Colorado Will Test Conservative Approach to Law
According to a Congressional Research Service report, a criminal conviction was not seen as necessary: federal prosecutors brought civil actions to oust officials who were former Confederates, and Congress refused to seat certain members under the clause. Congress passed amnesty laws in 1872 and 1898, lifting the penalties on former Confederates.


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Trump Cases Crashing Into Supreme Court Could Reshape 2024 Election    
Trump Cases Crashing Into Supreme Court Could Reshape 2024 Election
Alan Feuer covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.  More about Alan Feuer


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Judge Gives Prosecutors Access to G.O.P. Lawmaker’s Messages in Jan. 6 Case    
Judge Gives Prosecutors Access to G.O.P. Lawmaker’s Messages in Jan. 6 Case
In the weeks after the 2020 election, Mr. Perry was among at least 11 Republican members of Congress involved in discussions with Trump administration officials about overturning the results, according to the House committee that investigated the Jan. 6 attack. Those included plans to pressure Mr. Pence to throw out electoral votes from states won by Mr. Biden. Mr. Perry also endorsed the idea of encouraging supporters to march to the Capitol, the committee said.


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Supreme Court Will Consider Putting Biden’s Plan to Address Air Pollution on Hold    
Supreme Court Will Consider Putting Biden’s Plan to Address Air Pollution on Hold
Adam Liptak covers the Supreme Court and writes Sidebar, a column on legal developments. A graduate of Yale Law School, he practiced law for 14 years before joining The Times in 2002. More about Adam Liptak


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Trump Asks Supreme Court to Put Off Hearing Case on Immunity Claim    
Trump Asks Supreme Court to Put Off Hearing Case on Immunity Claim
Adam Liptak covers the Supreme Court and writes Sidebar, a column on legal developments. A graduate of Yale Law School, he practiced law for 14 years before joining The Times in 2002. More about Adam Liptak


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Biden Says It’s ‘Self-Evident’ That Trump Supported an Insurrection    
Biden Says It’s ‘Self-Evident’ That Trump Supported an Insurrection
Mr. Trump has denied that he incited the Jan. 6 riot. His campaign said it would appeal Tuesday’s decision, which applies only to Colorado, to the U.S. Supreme Court. But the court could end up answering the question for all 50 states.


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Here Are the Other States Where Trump’s Ballot Eligibility Faces a Challenge    
Here Are the Other States Where Trump’s Ballot Eligibility Faces a Challenge
The federal deadline for election officials to send absentee ballots to military and overseas voters is 45 days before the day of the election. For South Carolina, an early nominating state with a pending lawsuit, that would be Jan. 10, according to the South Carolina secretary of state’s office.


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The Bombshell Colorado Ruling    
The Bombshell Colorado Ruling
Adam Liptak covers the Supreme Court and writes Sidebar, a column on legal developments. A graduate of Yale Law School, he practiced law for 14 years before joining The Times in 2002. More about Adam Liptak


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Bar Owner Is Arrested After St. Louis Police Officer Crashes Into His Business    
Bar Owner Is Arrested After St. Louis Police Officer Crashes Into His Business
An officer identified in police records as John Pierce accused Mr. Morris of striking him “in the chest with an open hand,” causing him to lose his balance, according to police records. And a complaint states that Mr. Morris tried to strike Mr. Pierce “with a gate while fleeing from officers.”


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California Is Re-examining Decades-Old Claims to Its Water    
California Is Re-examining Decades-Old Claims to Its Water
“Honest innovation doesn’t always work in the kitchen, but when it does, it’s like rocket fuel for the soul,” Kevin Sintumuang, Esquire’s director for lifestyle and culture, writes in the foreword to the list, adding, “Consider this your map.”


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Victim of Green River Killer Is Identified After Nearly 40 Years    
Victim of Green River Killer Is Identified After Nearly 40 Years
Throughout the 1980s and ’90s, Mr. Ridgway terrorized King County. Although he was convicted of killing 49 young women and girls, he has confessed to 71 murders, and some investigators believe the actual number is even higher.


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‘Numerous Floods Are Likely’ From Southern California Storm, Forecasters Warn    
‘Numerous Floods Are Likely’ From Southern California Storm, Forecasters Warn
The storm is what is called a “cutoff low,” meaning the storm is separated from the main weather pattern that would push it quickly east, allowing it instead to crawl south along the California coast. It will eventually get pushed east into Mexico toward the end of the week.


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Detroit Police Officer Charged in Death of Man He Punched    
Detroit Police Officer Charged in Death of Man He Punched
A call to Fieger Law, a firm representing Mr. Vance’s family, on Tuesday evening was not immediately returned. The firm said in September while Mr. Vance was hospitalized that it planned to file a lawsuit against those responsible, the Detroit News reported.


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Indicted or Barred From the Ballot: For Trump, Bad News Cements Support    
Indicted or Barred From the Ballot: For Trump, Bad News Cements Support
Maggie Haberman is a senior political correspondent reporting on the 2024 presidential campaign, down ballot races across the country and the investigations into former President Donald J. Trump. More about Maggie Haberman


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Trader Joe’s Illegally Fired Union Supporter, Labor Prosecutors Say    
Trader Joe’s Illegally Fired Union Supporter, Labor Prosecutors Say
Our newsroom continues to bring you hard-hitting investigations, well-researched analysis and timely takes on one of the most consequential elections in recent history. Reporting on the current political climate is a responsibility we do not take lightly — and we need your help.


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Office landlords at glitzy buildings are giving renters 10 months free    
Office landlords at glitzy buildings are giving renters 10 months free
“This ancillary space is usually provided in the form of a shared services floor and/or shared office space that is open to the tenants of the building on a priority basis and sometimes the public to use,” said Whelan. “It can usually be booked, and tenants are usually charged to use the space.”


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Meta's oversight board says AI alone isn't enough to moderate Israel-Hamas war content    
Meta's oversight board says AI alone isn't enough to moderate Israel-Hamas war content
795,000: Pieces of content Meta removed or marked as disturbing in three days following Oct. 7 for violating policies like Dangerous Organizations and Individuals, Violent and Graphic Content, Hate Speech, Violence and Incitement, Bullying and Harassment, and Coordinating Harm in Hebrew and Arabic


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If you rode in a Tesla in 2023, you had the highest accident risk    
If you rode in a Tesla in 2023, you had the highest accident risk
However, NHTSA has raised safety concerns over the brand’s Autopilot feature, noting that the software’s monitoring and alerts system “may not be sufficient to prevent driver misuse,” while Tesla’s Autosteer feature, which is part of Autopilot and FSD, had safety defects that may present a higher risk of a collision, the agency warned, prompting Tesla to recall over 2 million vehicles from US roads to fix the hitches.


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The Memo: The year in workplace innovation    
The Memo: The year in workplace innovation
Send questions, comments, and where you’re drawing the line with AI to [email protected]. Thanks for being a reader this year! We’re grateful to have you. This edition of The Memo was written by Gabriela Riccardi.


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AI cannot patent inventions, UK Supreme Court confirms    
AI cannot patent inventions, UK Supreme Court confirms
\"The response concluded that there should be no legal change to UK patent law now, and noted that many share the view that any future change would need to be at an international level. The decision of the Supreme Court does not alter that conclusion,\" the IPO wrote.


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Porn viewers in EU may have to prove their age    
Porn viewers in EU may have to prove their age
One of them, X (formerly Twitter), was told on Monday that the EU suspected it of breaking its obligation under the DSA to combat disinformation - the first enforcement proceedings to be launched under the legislation.


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Warner Bros Discovery and Paramount in merger talks    
Warner Bros Discovery and Paramount in merger talks
Last year, AT&T\'s WarnerMedia unit and Discovery merged to become Warner Bros Discovery, with a portfolio that included Discovery Channel, Warner Bros. Entertainment, CNN, HBO, Cartoon Network and franchises such as Batman and Harry Potter.


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Temu shoppers risk buying items made by forced labour, MP warns    
Temu shoppers risk buying items made by forced labour, MP warns
\"Employment by all our merchants and suppliers must be voluntary. We explicitly reserve the right to terminate any business relationship if a third party violates our platform\'s Code of Conduct or the law,\" the spokesperson added.


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Starbucks blames 'misrepresentation' after Israel Gaza protests    
Starbucks blames 'misrepresentation' after Israel Gaza protests
Zara and M&S have both been criticised for adverts filmed long before the conflict, which people criticised for seeming to make light of death in Gaza. Companies such as McDonald\'s, Google, and TikTok have also faced scrutiny, from staff and customers, over what they did or did not say about the conflict.


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Public pay must reflect rises, ministers say    
Public pay must reflect rises, ministers say
The negotiations this year may also be further complicated by the fact that inflation is likely to be falling sharply from the figures that will be used to increase state pensions and benefits from the same time period next April.


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Energy bills predicted to fall in April to £1,660    
Energy bills predicted to fall in April to £1,660
But new Ofgem rules which came in on 14 December, require companies to contact vulnerable customers if they miss two monthly or one quarterly payment and check to see if they are having financial problems with their bills.


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The Hot New Market in Crypto? Trading FTX’s Carcass.    
The Hot New Market in Crypto? Trading FTX’s Carcass.
The I.R.S. is usually paid before all other creditors in a bankruptcy, so a large tax claim could drastically reduce the funds available to customers. But the amount that FTX actually owes remains in dispute, with a hearing set for early next year.


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Bird, an Electric Scooter Company, Files for Bankruptcy    
Bird, an Electric Scooter Company, Files for Bankruptcy
There have been plenty of complaints about abandoned rental scooters cluttering sidewalks and parks in recent years. Paris banned e-scooter rentals this year, a first for a European capital, though it still allows privately owned e-scooters.


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As Office Workers Make Their Return, So Does the Lowly Cubicle    
As Office Workers Make Their Return, So Does the Lowly Cubicle
Global demand has pushed cubicles and partitions to a $6.3 billion market, which is expected to grow over the next five years to $8.3 billion, according to a 2022 report from Business Research Insights, a market analysis firm.


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Warner Bros. Discovery in Talks to Merge With Paramount    
Warner Bros. Discovery in Talks to Merge With Paramount
Benjamin Mullin reports on the major companies behind news and entertainment. Contact Ben securely on Signal at +1 530-961-3223 or email at [email protected]. More about Benjamin Mullin




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