- The top 25 stories curated by editors and fellow readers!
From the Editor's Desk
Visualizing the Growth in Working Age Populations Over 10 Years As a result, the U.S. workforce is projected to grow at just 0.2% annually over the next decade, roughly a quarter of the rate of markets like India and Mexico. Given the low birth rates and aging populations across many advanced economies, the world’s workforce is set to change significantly, with implications for economic and productivity growth.
India, ranking in third, is set to contribute 24.3% of the world’s workforce over the next decade. With a current median age of 28.4, its working age population is expected to surpass one billion by 2030. These factors provide a significant competitive edge, especially in the services and manufacturing sectors, while also driving increased consumption among younger generations in the world’s most populous country.
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IndiaReliance Power board approves preferential issue worth Rs 1,525 crore(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) India
IndiaIndiaAfter pager blasts, US moves against China over possible 'traffic catastrophe'The US Commerce Department is considering banning Chinese software and hardware in connected and autonomous vehicles due to national security concerns. This follows recent incidents involving booby-trapped pagers in Lebanon. The regulation would prohibit the import and sale of vehicles from China with key communications or automated driving system components.
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WorkWhy This Digital Leader Says Community Is The Next Big Social Platform - Forbes (No paywall)After spending three years at the online creator platform OnlyFans, and just over a year and half of that as its CEO, Amrapali “Ami” Gan stepped down to pursue her own venture: strategy and branding firm Hoxton Projects. She also came across Communia, a secure social platform for women to have honest and emotional conversations. This summer, Gan joined Communia as a strategic partner and growth advisor. Work
WorkTrump Leads in Key Sun Belt Battlegrounds, Polls FindNew polls published Monday by the New York Times and Siena College show Donald Trump has gained a lead over Kamala Harris in Arizona and remains ahead in Georgia and North Carolina, three crucial battleground states that could determine the outcome of the election. Work WorkWorkWorkMicron needs a new memory boost - WSJ (No paywall) Since hitting an all-time high three months ago, the memory-chip maker’s stock price has plunged 41%. That is far beyond the drubbing most other chip stocks have taken in that time, as the market has begun to cool on artificial-intelligence hype. Micron rode that wave well: When the company reported its fiscal third-quarter results in late June, its share price had logged a 12-month gain of 118%, second only to Nvidia among stocks on the PHLX Semiconductor Index over that period, according to data from S&P Global Market Intelligence. WorkWorkWorkSection 230 catches up to AI - WSJ (No paywall) Is TikTok toast? Fearing Chinese spying, the U.S. decided to ban TikTok last April if it wasn’t sold by January 2025. TikTok owner ByteDance refuses to sell and sued. At a U.S. Circuit Court of Appeals for the District of Columbia hearing last week, Judge Douglas Ginsburg, asked, “Why is this any different, from a constitutional point of view, than the statute precluding foreign ownership of a broadcasting license?" WorkFrance's new coalition yanks the country a step to the right - The Economist (No paywall)EUROPE IS A continent of coalition governments, painful to forge and fragile to maintain. Most European politicians are familiar with their challenges. For Michel Barnier’s new French government, however, which met for its first cabinet meeting on September 23rd, this form of rule is a baffling novelty. For the first time since France’s Fifth Republic was established in 1958, the country is now run by a minority coalition government formed by rival parties that stood against each other at legislative elections. Its survival depends on keeping its lumpy mix of centrists and right-wingers together, and the opposition against it divided. WorkWill prescription drugs get prior authorization reform? - STAT (No paywall)The animosity between the Federal Trade Commission and pharmacy benefit managers has reached a boiling point. The FTC sued the nation’s three biggest PBMs last week, accusing them and their secretive group purchasing organizations of creating a “perverse” system of rebates that specifically has driven up the price of insulin, my colleague Ed Silverman reports. WorkSam Altman and former Apple executives are making an AI deviceWith that growth, OpenAI’s influence — and value — has continued to snowball. A deal allowing employees to sell stakes in the company valued OpenAI at $86 billion late last year, nearly triple what it was earlier in 2023.With that growth, OpenAI’s influence — and value — has continued to snowball. A deal allowing employees to sell stakes in the company valued OpenAI at $86 billion late last year, nearly triple what it was earlier in 2023. WorkDemocrats have embraced a surprising "America First!" approach on climateThe US presidential campaign is in its final weeks and we’re dedicated to helping you understand the stakes. In this election cycle, it’s more important than ever to provide context beyond the headlines, but in-depth reporting is costly. To continue this vital work, we have an ambitious goal to add 5,000 new members. WorkMurder in U.S. Continues Steep Decline, F.B.I. Reports“Perceptions of safety are not driven by numbers in spreadsheets,” said Adam Gelb, the chief executive of the Council on Criminal Justice, a nonprofit policy research group that produces its own reports on crime in America. “They are about what people see and hear and feel on the streets, on TV and in their social media feeds. They are not sitting around studying the F.B.I.’s website.” WorkWorkGovernment Watchdog Calls F.A.A. Air Traffic Control Systems Critically OutdatedThe accountability office’s examination was prompted by a severe systems outage in January 2023 that resulted in thousands of flights across the country being grounded. The F.A.A.’s Notice to Air Missions system provides critical information to pilots about hazards like runway closures and airspace restrictions. The outage was determined to have been caused by contract personnel unintentionally deleting files while working on the system. WorkWorkWorkWorkIntel needs Qualcomm -- but that's not a two-way street, Bank of America saysTherefore, analysts said, the potential to dominate the CPU market would actually work against a takeover, because it could face regulatory challenges. For example, the analysts noted Qualcomm’s failed acquisition of Dutch semiconductor company NXP (NXPI) in 2018, after it did not receive approval from China’s antitrust regulator. WorkAmericans have billions in unused gift cardsGift cards were the second-most popular holiday gift last year after clothes, according to the National Retail Federation. Ted Rossman, Bankrate Senior Industry Analyst, suggested that if you have a gift card to a store you don’t like, consider selling it on a platform like CardCash or Raise. WorkHotel workers across the country keep going on strike“[...] Hyatt has a long history of cooperation with the unions that represent our employees, including Unite Here Local 2,” Michael D’Angelo, head of labor relations at Hyatt’s hotels in the Americas, said. “We are disappointed that Unite Here Local 2 has chosen to strike once again while Hyatt remains willing to continue bargaining in good faith.” WorkKamala Harris said she would boost AI and crypto during a $27 million New York fundraiser Although crypto isn’t expected to be a deciding factor in how many Americans vote in an election defined by concerns about the economy, immigration, abortion, and global conflict, the industry has been dropping a lot of cash on the race. The crypto lobby has spent $119 million to influence federal elections in 2024, much of it through the Fairshake political action committee, which received cash from Ripple, Coinbase (COIN), and Andreessen Horowitz. WorkUS to ban Chinese tech in carsJohn Bozzella, president and chief executive of Alliance for Automotive Innovation, which represents big car companies, said that though there was "very little technology - hardware or software in today's connected vehicle supply chain that enters the US from China" the rule would force some firms to find new suppliers. WorkStorm That Could Threaten Gulf Coast Takes Shape in the CaribbeanHeavy rain will spread across portions of Central America over the next couple of days as this storm begins to take shape. As the storm passes between Cuba and Mexico it will unleash anywhere from four to eight inches of rain over western Cuba and the Cayman Islands with isolated totals around 12 inches and up to six inches over the Yucatán Peninsula. WorkWorkU.S. billionaire Dan Friedkin agrees to buy EPL soccer club Everton The club has seen interest from various buyers in recent years, including U.S. private equity firm 777 Partners and more recently American businessman John Textor. Earlier this year, The Friedkin Group agreed a deal in principle to buy Everton but pulled out of talks when it failed to reach an agreement. WorkOpenAI CEO: We may have AI superintelligence in "a few thousand days" CNMN Collection WIRED Media Group © 2024 Condé Nast. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Ars Technica Addendum. Ars may earn compensation on sales from links on this site. Read our affiliate link policy.Your California Privacy Rights | Do Not Sell My Personal Information The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast.Ad Choices WorkBiden administration seeks ban on auto software from ChinaIt’s worth noting that the BYD Seagull, as an example, sells for around $10,000. This makes it much cheaper than American EVs, even after getting slapped by that fat 100 percent tariff. A full-featured EV for $20,000 sounds pretty nice right about now. Oh well. It was fun to dream. WorkWorkIranian president accuses Israel of seeking wider conflictHe said he was seeking talks with the west about the war in Ukraine and said that during his presidency no short-range missiles had been sent from Iran to Russia for use in Ukraine, a formulation that leaves out the US intelligence claim that a contract to send missiles was probably signed last summer by his predecessor, Ebrahim Raisi. WorkWorkYardeni Says Fed Cut Raises Odds of 'Outright Melt-Up' in StocksBMO Capital Markets has the highest call for the US stock benchmark at 6,100, while Evercore ISI sees the gauge closing at 6,000 by year end. On the other end of the spectrum, Barry Bannister, chief equity strategist at Stifel Nicolaus & Co., warned last week that the market is in a dot-com-bubble “Groundhog Day,” and said stocks could plunge by up to 13% by the fourth quarter. WorkBoeing makes a 'best and final offer' to striking union workersOn Friday, Boeing began requiring thousands of managers and nonunion employees to take one week off without pay every four weeks under the temporary rolling furloughs. It also has announced a hiring freeze, reduced business travel and decreased spending on suppliers. WorkOil Falls After Iran Says It's Prepared to Ease Israel TensionsMeanwhile, from Mississippi to the Florida Panhandle, the US Gulf Coast is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Ahead of the storm, Shell Plc has curtailed production at the Appomattox project and the Stones oil field in the Gulf, according to a company statement. WorkWorkAmong the Gaza Protest Voters - The New Yorker (No paywall)One of the few Jewish dynasties in American politics is the Levin family of greater Detroit. They may not have the national name recognition of the Cuomos or the Kennedys, but in Michigan politics, from generation to generation, they have been impossible to miss. The federal courthouse in Detroit is named for Judge Theodore Levin, who served from the mid-nineteen-forties to the volatile end of the sixties. The Port Authority building fronting the Detroit River is named for Carl Levin, who represented Michigan in the U.S. Senate for three dozen years and was eulogized in the Times, in 2021, as the “scourge of corporate America.” Carl’s brother Sander (Sandy) Levin, now in his nineties, retired from the House of Representatives in 2019, and was succeeded by his son Andy Levin, who had been elected to replace him. All are Democrats—all could even be called, with some qualifications, progressive Democrats—but within that capacious category there have always been fissures, and those fissures only grew deeper last year, after the Hamas-led attacks of October 7th and Israel’s invasion of Gaza. |
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