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TradeBriefs Editorial

From the Editor's Desk

Big Tech jobs have lost their glamour

Michael says he joined his Big Tech company in spring 2021 to test himself against the best software engineers in the world. "They do some very complicated projects: when you join them, you're supposedly joining the best. You feel you're working somewhere that raises your brand value as a person."

Initially, the move went well. Michael says he got to work on high-impact features, testing his mettle against senior developers. The perks also helped. "It was a typical Big Tech company in that it offered huge benefits, with a great work-life balance," he says. "Compared to my past employers, it was a breeze: there was free food, wellness expenses and health insurance. And the people were amazing – it was a nice working environment, if at times a little cult-ish."



Continued here


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'Gratuitous, inaccurate': White House disputes special counsel report on Biden  
  

'Gratuitous, inaccurate': White House disputes special counsel report on Biden
In a policy response to the issue the Biden administration plans to appoint a taskforce to review how classified documents are handled during often chaotic transitions between presidential administrations. Aside from Biden and Trump, Trump's ex-vice president, Mike Pence, was also found to have some confidential documents inadvertently in his possession.


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Venezuela building up troops on Guyana border, satellite images show  
  

Venezuela building up troops on Guyana border, satellite images show
Brazil deployed more troops to its border with Guyana and Venezuela this week amid the growing regional tensions and the US agreed to bolster Guyana’s defence with new aircraft, helicopters, military drones and radar technology.


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Instagram and Facebook delete the accounts of Iran's supreme leader  
  

Instagram and Facebook delete the accounts of Iran's supreme leader
Khamenei and his vast patronage network inside Iran have long been targeted by US sanctions - Khamenei himself since 2019 by the administration of then president Donald Trump as tensions began to spiral in the Middle East over Trump unilaterally withdrawing the US from Tehran's nuclear deal with world powers.


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Hawaii's Big Island struck by 5.7 magnitude earthquake  
  

Hawaii's Big Island struck by 5.7 magnitude earthquake
Later in the afternoon, the USGS reported an unrelated 4.6 magnitude earthquake near Malibu, California. The Los Angeles mayor said the city's fire department was conducting a routine survey to assess any damages.


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Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources  
  

Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources
(Reuters) - Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.


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Who's your team? American comparables for all 10 F1 outfits  
  

Who's your team? American comparables for all 10 F1 outfits
And now, both are resurgent. Boston made the NBA Finals in 2021-22 and were close to doing it again in 2022-23. And in the closing stages of last season, Lando Norris and Oscar Piastri turned in some Jayson Tatum-inspired drives to look like the closest challenger to Red Bull. A return to the good times of the past feels close, yet achingly far away.


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Release of Hur Report Underlines Perils of the Special Counsel’s Job  
  

Release of Hur Report Underlines Perils of the Special Counsel’s Job
Among the thousands of sentences in the Hur report, one juts out like a dagger: “Mr. Biden would likely present himself to a jury, as he did during our interview with him, as a sympathetic, well-meaning, elderly man with a poor memory,” he writes.


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U.S. Rejects Putin’s Latest Call for Ukraine Negotiations  
  

U.S. Rejects Putin’s Latest Call for Ukraine Negotiations
U.S. and Ukrainian officials say that the best Ukraine’s military can hope for in the coming year, especially without more American aid, is to defend its current positions. Even so, Biden officials say they are not entertaining the idea of pressing Ukraine’s president, Volodymyr Zelensky, to negotiate with Mr. Putin.


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What Stories Do You Want to Read About Asian American Communities?  
  

What Stories Do You Want to Read About Asian American Communities?
If you write in, your response will be used only for generating story ideas. I may reach out to hear more about your submission, but we will not publish any part of your response and we will never publicly share your personal information.


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In Private Remarks to Arab Americans, Biden Aide Expresses Regrets on Gaza  
  

In Private Remarks to Arab Americans, Biden Aide Expresses Regrets on Gaza
Mr. Finer added: “We have left a very damaging impression based on what has been a wholly inadequate public accounting for how much the president, the administration and the country values the lives of Palestinians. And that began, frankly, pretty early in the conflict.”


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David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93  
  

David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93
Over the course of more than 1,000 pages, along with some 150 pages of notes, Mr. Kahn laid out cryptology’s long history, starting with ancient Egypt 4,000 years ago and proceeding through the French and American revolutions, the innovations wrought by the advent of the telegraph and telephone to the mid-20th century and the dawn of computer-assisted code breaking.


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Ford may get rid of Park Assist because after 16 years no one is using it  
  

Ford may get rid of Park Assist because after 16 years no one is using it
Ford hasn’t stated any intention to remove the feature from existing cars, and the company has so far seemingly only considered getting rid of it for future models. Still, feature removal is a concerning trend, and any new instance of it should be eyed with suspicion. As features increasingly rely on remote servers for functionality — servers with running costs to keep operating — they may start dropping like flies when usage is low.


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Hollywood Made 14% Fewer Shows in 2023, Marking the End of Peak TV  
  

Hollywood Made 14% Fewer Shows in 2023, Marking the End of Peak TV
In addition to the fact that virtually every studio has slowed investment in making new television shows, several media companies do not invest in scripted series anymore. Quibi came and went. Google and Facebook aggressively invested in traditional scripted television about five years ago, but both have effectively stopped. The broadcast networks are making fewer scripted shows, as are many cable networks like USA, TBS and Comedy Central.


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Trump's pro-Anheuser-Busch post came after UFC boss Dana White urged him to back company, source says  
  

Trump's pro-Anheuser-Busch post came after UFC boss Dana White urged him to back company, source says
Trump, who is the front-runner for the Republican presidential nomination, attended UFC\'s Dec. 16 event in Las Vegas, where he walked out into the audience with White and the musical artist Kid Rock.


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PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years  
  

PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years
Pepsi is predicting a weaker first half of the year as product recalls dent its North American Quaker Oats business and international conflicts hurt sales in some regions. Executives are expecting international organic revenue growth to top that of North America for the full year.


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Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Reuters  
  

Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Reuters
Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.


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Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year  
  

Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
Wells Fargo declined to comment. A Bank of America spokesman noted that after the company voluntarily changed its overdraft policies in 2022, revenue from the practice fell more than 90%, and they now collect less than smaller banks.


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NY attorney general expands crypto lawsuit, sees $3 billion fraud   
  

NY attorney general expands crypto lawsuit, sees $3 billion fraud
Late Thursday, it reached a settlement with James\' office, agreeing to pay on her fraud claims so long as it fully repays customers through the Chapter 11 process. That settlement requires a bankruptcy judge\'s approval.


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Ex-DEA informant sentenced to life in prison for 2021 killing of Haiti president  
  

Ex-DEA informant sentenced to life in prison for 2021 killing of Haiti president
Moïse’s widow, the first lady Martine Marie Étienne Moïse, was wounded during the attack on her husband but has since recovered. She said in 2021 that her husband’s murderers “came to kill his dream, his vision, his ideology” for the western hemisphere’s most impoverished nation.


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German firm BASF to pull out of Xinjiang after Uyghur abuse claims  
  

German firm BASF to pull out of Xinjiang after Uyghur abuse claims
Bütikofer said: “I applaud the steps that BASF has taken and take the company at its word when it says they wish to withdraw as soon as they possibly can. By deciding to withdraw, BASF has removed any excuse other companies were hiding behind to remain.”


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Flinders Street incident: man shot and injured by protective services officer  
  

Flinders Street incident: man shot and injured by protective services officer
A 67-year-old Warneet man, a 56-year-old Collingwood woman, a 24-year-old Kennington woman and a 46-year-old Hoppers Crossing woman were all taken to hospital with non-life-threatening injuries.


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Dover Port health body fears gangs of meat smugglers looking to bypass new post-Brexit checks  
  

Dover Port health body fears gangs of meat smugglers looking to bypass new post-Brexit checks
A UK government spokesperson said: “We have strict border controls in place to protect our high biosecurity standards – and are confident that existing and new infrastructure will have the capacity and capability to maintain these standards.


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Film about children living in darkness on Madrid's doorstep up for award  
  

Film about children living in darkness on Madrid's doorstep up for award
"St John of the Cross wrote the poem while he was imprisoned in Toledo and held in deep darkness and solitude," he said. "This community is also in a profound solitude and people there struggle to find a future or just to live as happily as possible in the present. But even though it's dark, they're carrying on living and fighting and laughing and crying."


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'Talkshow or a serious conversation?' Tucker Carlson's interview of Putin offered neither  
  

'Talkshow or a serious conversation?' Tucker Carlson's interview of Putin offered neither
As the two-hour slog drew to a close - "Thank you, Mr President," Carlson cooed at the end - the real fascination was how Carlson had managed to bag an interview with one of the world's most powerful leaders, at a time when Russia is engaged in a brutal conflict, and come up with … almost nothing.


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Ukraine needs fresh approach on battlefield, says new top general  
  

Ukraine needs fresh approach on battlefield, says new top general
Zelenskiy’s office has portrayed Syrskyi as someone who could offer a new approach on the battlefield, though it has not provided specifics. “In 2023 there were particular expectations and we did not meet them. Now it’s 2024, it can’t just be a year that we sit and wait for something to happen in Russia. We need direct answers to real questions … because right now we are in stagnation,” Podolyak said this week.


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UNRWA staff accused by Israel sacked without evidence, chief admits  
  

UNRWA staff accused by Israel sacked without evidence, chief admits
He said an Israeli bank account belonging to UNRWA had been frozen and the agency had been warned that its tax benefits would be cancelled. Lazzarini added that a consignment of food aid from Turkey, including flour, chickpeas, rice, sugar and cooking oil, that would sustain 1.1 million people for a month had been blocked at the Israeli port of Ashdod.


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Major Tory donor among 13 new peers named in honours list  
  

Major Tory donor among 13 new peers named in honours list
A Guardian analysis in 2022 found that of 318 possible sittings that newspaper proprietor Evgeny Lebedev could have attended since Johnson made him a peer, he had been to four, 1.25% of the total.


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Rishi Sunak paid effective tax rate of 23% on £2.2m income last year  
  

Rishi Sunak paid effective tax rate of 23% on £2.2m income last year
Robert Palmer, the executive director at Tax Justice UK, said: "People will be shocked to learn the prime minister has such a low tax rate despite bringing in millions. But this is a feature of our broken tax system. At the moment someone who earns most of their money from their wealth - like the prime minister - pays a much lower tax rate than someone who relies on going out to work for their living. We need to fix this to make sure that income from wealth is taxed at the same rate as income from work."


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AI safeguards can easily be broken, UK Safety Institute finds  
  

AI safeguards can easily be broken, UK Safety Institute finds
The institute added that it did not currently have the capacity to test “all released models” and would focus on the most advanced systems. It said its job was not to declare systems as “safe”. The institute also pointed to the voluntary nature of its work with companies, saying it was not responsible for whether or not companies deployed their systems.


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UK anti-dumping body recommends lifting limits on steel imports  
  

UK anti-dumping body recommends lifting limits on steel imports
“All the reasons why they were first introduced are still very much valid, namely the risk of trade diversion resulting from US section 232 tariffs and rising global steelmaking overcapacity.”


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Local authority leaders criticise Sunak's call for 'restrained' council tax rises  
  

Local authority leaders criticise Sunak's call for 'restrained' council tax rises
But MPs on the local government select committee warned that ministers would need to put in £4bn to avoid an "out of control" financial crisis that would affect services, including adult social care and child protection.


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Chemical attack suspect Abdul Ezedi probably dead, police say  
  

Chemical attack suspect Abdul Ezedi probably dead, police say
More than 100 officers were involved in the huge hunt for Ezedi, who came to Britain from Afghanistan in 2016 hidden in a lorry. Police raided an address linked to Ezedi in Newcastle where chemical canisters were found.


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Larry Hogan launches Republican Senate bid after saying he lacks 'burning desire to be a senator'  
  

Larry Hogan launches Republican Senate bid after saying he lacks 'burning desire to be a senator'
"You know … I left [the governor's mansion] with the highest approval rating of any politician in state history and so I probably could win the seat. But … the problem was I would win and I would have to go be a senator."


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Ozzy Osbourne criticises Kanye West for using sample: 'He is an antisemite'  
  

Ozzy Osbourne criticises Kanye West for using sample: 'He is an antisemite'
"It was not my intention to hurt or demean, and I deeply regret any pain I may have caused," West wrote on Hebrew on Instagram. "I am committed to starting with myself and learning from this experience to ensure greater sensitivity and understanding in the future."


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US dentist may lose eye after allegedly getting stabbed in face by ex-patient  
  

US dentist may lose eye after allegedly getting stabbed in face by ex-patient
Tran graduated in 2021 from New Orleans’s Louisiana State University dental school, where she earned the award for excellence in operative dentistry. She was preparing for her fourth year in practice to begin in May when she was stabbed.


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US military names five marines killed in California helicopter crash  
  

US military names five marines killed in California helicopter crash
The military confirmed on Thursday that all five Marines had been killed when their helicopter went down during stormy weather, and efforts were under way to recover their remains, which would take weeks because of the rough terrain and weather, said Col James C Ford, the operations officer with the 3rd marine aircraft wing. In the meantime, marines are staying with the remains around the clock to adhere to their ethos of never leaving any marine behind.


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Mark Cuban Exposes Get-Rich Promises Online – 'When You See Somebody On Social Media Telling You How They're Going to Make You Money, They're Lying'  
  

Mark Cuban Exposes Get-Rich Promises Online – 'When You See Somebody On Social Media Telling You How They're Going to Make You Money, They're Lying'
This article Mark Cuban Exposes Get-Rich Promises Online – \'When You See Somebody On Social Media Telling You How They\'re Going to Make You Money, They\'re Lying\' originally appeared on Benzinga.com


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'I Love Miami' – Jeff Bezos Plans To Unload A Massive Amount Of Amazon Shares, But Moving To Florida Will Save Him $600 Million In Taxes  
  

'I Love Miami' – Jeff Bezos Plans To Unload A Massive Amount Of Amazon Shares, But Moving To Florida Will Save Him $600 Million In Taxes
Passive income investments are one of the most trusted methods for riding out a recession, so it\'s no surprise that people are turning to this multifamily portfolio fund that\'s targeting an 8% cash yield.


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You'll Never Guess How Much High-Income Earners Have Saved For Retirement  
  

You'll Never Guess How Much High-Income Earners Have Saved For Retirement
A comfortable retirement isn’t automatic, regardless of your income level. Fortunately, a financial advisor can help you tackle specific challenges for your retirement needs. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.


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Cruise Stocks Are Having a Bad Day–and 2024  
  

Investors are taking some profits off the table, after cruise stocks experienced a blockbuster 2023. Cruise companies saw healthy occupancy levels after travelers came back in droves, making up for the time lost during the pandemic. Royal Caribbean and Carnival were among the top 10 performers of the S&P 500 in 2023, gaining 162% and 130%, respectively. Norwegian’s stock climbed 64% last year.


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Rivian On Track To Drive Higher For 2nd Straight Session: What's Going On With The Stock  
  

Rivian On Track To Drive Higher For 2nd Straight Session: What's Going On With The Stock
Rivian is due to announce its quarterly results on Feb. 21, and additionally, excitement is building around its second-gen vehicle, code-named R2. The company has confirmed Mar. 7 launch date for the vehicle.


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'It turns you into a folk hero for one play': Players share stories of their Super Bowl TDs  
  

'It turns you into a folk hero for one play': Players share stories of their Super Bowl TDs
\"The only way I could describe it, I don\'t even know if it\'s a good way to describe it, you black out in a sense. It\'s like I score, I get up, I just start running,\" White said. \"Obviously I hear the crowd, but this feels like it is me, my teammates, and then the Falcons in there. That\'s just kind of what it felt like. I was running to nowhere and then LeGarrette Blount came and tackled me. It just feels very surreal.\"


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Ohtani feels like he's a rookie again with Dodgers  
  

Ohtani feels like he's a rookie again with Dodgers
\"I feel like there\'s not just one level but several levels ahead offense-wise,\" Ohtani said. \"It\'s just going to depend on what kind of lineup I\'m in and everything. But at the end, my focus is going to be the same -- keep the focus on my hitting and trying to get better.\"


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Reports: Amazon gets NFL playoff game next year  
  

Reports: Amazon gets NFL playoff game next year
Comcast reported at the end of last year that Peacock had 31 million subscribers. There were 2.8 million new subscribers to the streaming service during the weekend of the wild-card game, according to the subscription analytics firm Antenna.




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