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Tag: Personnel

  • Apple warns that iPhone 14 Pro shipments will be hit by China production snags

    Apple warns that iPhone 14 Pro shipments will be hit by China production snags

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    Apple Inc. said Sunday that it now expects lower shipments of its high-end iPhone 14 Pro and iPhone 14 Pro Max devices than it did previously, as COVID-19 issues hamper production in China.

    “We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models,” the company announced in a Sunday evening press release. “However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products.”

    Apple
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    acknowledged in its release that COVID-19 issues have “temporarily impacted” production of the devices at the Zhengzhou site that is the “primary” assembly facility for the iPhone 14 Pro and iPhone 14 Pro Max. That facility is currently seeing “significantly reduced” operating capacity.

    “We are working closely with our supplier to return to normal production levels while ensuring the health and safety of every worker,” the company added in the release.

    Analysts have been discussing iPhone production disruption at manufacturer Foxconn’s
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    Zhengzhou facility for the past week amid fallout from COVID-19 restrictions in the city.

    “Although Apple earnings were only a week ago, supply shortages at the high end of the market and recent COVID lockdowns in China impacting a Foxconn plant could negatively impact iPhone units in the December quarter,” UBS analyst David Vogt wrote Wednesday, ahead of Apple’s press release. “While we believe iPhone demand tends to not be perishable, a slippage of a couple of million units is possible below our 86 million forecast.”

    While Apple was the only Big Tech company to see its shares rally in the wake of its late-October earnings report, shares have struggled more since then. They logged their worst weekly performance since March 2020 last week.

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  • Alvarez blasts Baker, Astros to World Series title vs Phils

    Alvarez blasts Baker, Astros to World Series title vs Phils

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    HOUSTON — Yordan Alvarez hit a moon shot that sent Space City into a frenzy, and the Houston Astros to their second World Series title.

    While the stain on Houston’s first championship might never completely fade, Alvarez’s majestic three-run homer helped fashion a fresh crown for the Astros — and the first for Dusty Baker as manager — in a 4-1 win over the Philadelphia Phillies in Game 6 on Saturday night.

    “What happened before, it doesn’t ever pass over completely,” said Baker, the veteran manager hired by the Astros in the wake of their sign-stealing scandal. “But we have turned the page and hopefully we’ll continue this run.”

    Alvarez blasted a ball over the 40-foot batter’s eye in center field during the sixth inning immediately after Phillies starter Zack Wheeler was pulled with a 1-0 lead.

    As Alvarez’s 450-foot shot sailed, Astros starter Framber Valdez jumped and wildly screamed in the dugout while the crowd of 42,958 went crazy waving orange rally towels.

    “When I was rounding second base, I felt the whole stadium moving,” Alvarez said through a translator.

    The 73-year-old Baker finally got his first title in his 25th season as a manager. He’s spent the past three with the Astros after they hired him to help the team regain credibility after their trash can banging scheme cost manager A.J. Hinch and general manager Jeff Luhnow their jobs, and made Houston the most reviled team in baseball.

    “I wasn’t here in 2017, but it’s definitely a weight off of everybody’s shoulders. Ain’t nobody can say (anything) now,” said closer Ryan Pressly, who finished the Series with another scoreless inning.

    Baker, who won a World Series as a player with the Los Angeles Dodgers and had been to the Fall Classic twice before as a skipper, is the oldest championship manager in any of the four major North American sports. The win came 20 years after a near-miss, when he came within five outs of taking the title while guiding the San Francisco Giants.

    “What’s next? I said if I win one, I want to win two,” Baker said afterward.

    Houston’s coaching and training staffs circled around Baker after Nick Castellanos flied out to end it, jumping up and down, and chanting “Dusty! Dusty! Dusty!” in the dugout before they joined the players on the field.

    Astros rookie shortstop Jeremy Peña was the World Series MVP after getting another key hit, a single to set up Alvarez’s homer.

    The 25-year-old star born in the Dominican Republic also won a Gold Glove award and AL Championship Series MVP — Peña is the first hitter to win those three awards in a career, and he did it all in his first season, per OptaSTATS.

    Jerseys worn by Peña and Baker during the Series were headed to the Hall of Fame.

    A year after watching the Atlanta Braves clinch the World Series title at Minute Maid Park, Justin Verlander and the Astros went 11-2 in the postseason and became the first team to seal the championship at home since the 2013 Boston Red Sox.

    Alvarez homered for the first time since going deep in the first two games this postseason. Christian Vázquez added an RBI single later in the inning to make it 4-1.

    Valdez earned his second win of this Series. He had been in the dugout only a few minutes after throwing his 93rd and final pitch while striking out nine over six innings.

    But the lefty had walked off the mound with the wild-card Phillies up 1-0 on Kyle Schwarber’s homer leading off the sixth.

    Schwarber, who hit his third homer in the past four games, rounded the bases waving his raised empty hand in the same motion as the fans with their towels.

    But by the time Schwarber batted in the eighth, the NL’s home run leader was reduced to bunting, trying for a hit to stir a dormant Phillies offense. His bunt went foul with two strikes, resulting in a strikeout.

    In the sixth, Houston got two runners on base against Wheeler for the first time in the game, when Martín Maldonado was hit by a pitch, Jose Altuve grounded into a forceout and Peña singled.

    Phillies manager Rob Thomson went to left-handed reliever José Alvarado to face the lefty slugger for the fourth time in the series — Alvarez had popped out twice and been hit by a pitch the first three times.

    “I thought Wheels still had really good stuff. It wasn’t about that. It was just I thought the matchup was better with Alvarado on Alvarez at that time,” Thomson said.

    And Alvarado had allowed only three homers to lefty hitters in his six big league seasons, until his 2-1 pitch, when Alvarez crushed the 99 mph sinker.

    “It’s kind of a dirty inning and I thought, I mean, going into the series it was always kind of Alvarado on Alvarez,” Thomson said. “It was the sixth inning and I felt like the normal back end of the bullpen guys could get through it.”

    Alvarez hadn’t homered since Game 2 of the AL Division Series against Seattle, when his two-run shot in the sixth inning put them up to stay. That came after his game-ending, three-run shot in Game 1 for an 8-7 win.

    Houston won an American League-best 106 games and reached its fourth World Series during a span in which it made it to the AL Championship Series six seasons in a row. The Astros made their only other World Series appearance in 2005, while still in the National League, and were swept in four games by the Chicago White Sox.

    This was their third ALCS and second consecutive World Series since former Astros pitcher Mike Fiers revealed after the 2019 season, when he had gone from Houston for two years since being part of their 2017 championship, that the team had used a camera in center field to steal signs and signal hitters on which pitches to expect by banging on a garbage can.

    “That will probably never go away but I think this just proves how good this team is and how good it’s been for a long time,” Astros owner Jim Crane said on the field afterward.

    Philadelphia was 22-29 when Joe Girardi was fired in early June and replaced by bench coach Thomson, the 59-year-old baseball lifer getting his first chance a big league manager — he was on the Yankees big league staff for 10 seasons with Girardi, and was part of their last World Series and title in 2009.

    The Phillies finished the regular season 65-46 under Thomson, their 87 wins good for the sixth and final spot in the NL playoffs, on the way to their first World Series since 2009.

    UP NEXT

    Phillies: In less than five months, the Phillies will be back in Texas to begin their 2023 regular season, about 250 miles away for the opener of an interleague series March 30 against the Texas Rangers.

    Astros: Whether or not Baker and/or general manager James Click are back — neither is signed past this season — the World Series champs will play their 2023 season opener at home March 30 against the Chicago White Sox.

    ———

    AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP—Sports

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  • Rail union approves deal offering hope of avoiding strike

    Rail union approves deal offering hope of avoiding strike

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    OMAHA, Neb. — Another one of the 12 railroad unions narrowly approved its deal with the major freight railroads Saturday, offering some hope that the contract dispute might be resolved without a strike even though two other unions rejected their agreements last month.

    Now that 52% of International Association of Machinists and Aerospace Workers members who voted approved their deal, seven railroad unions have ratified contracts that include 24% raises and $5,000 in bonuses, but all 12 have to approve contracts to prevent a strike.

    Concerns remain about the possibility of an economically devastating strike because the Brotherhood of Maintenance of Way Employes Division and Brotherhood of Railroad Signalmen unions voted down their contracts, and many workers say these deals just don’t address their quality-of life concerns. No strike is imminent because those unions agreed to return to the bargaining table to try to work out a new deal, but those talks have been deadlocked over the unions’ demands for paid sick time and there is a Nov. 19 deadline.

    The railroads have rejected union demands for paid sick time because they say the deals they’ve been offering include higher wages that are intended to compensate workers for the lack of sick time and their other quality of life concerns. The railroads want any deal to closely follow the recommendations made this summer by a special panel of arbitrators that President Joe Biden appointed.

    The railroads have also maintained that the unions have agreed over the years to forego paid sick leave in favor of better wages and strong short-term disability benefits.

    The group that negotiates on behalf of Norfolk Southern, Union Pacific, BNSF, Kansas City Southern, CSX and other railroads said the deal the Machinists approved includes “the largest wage package in nearly five decades” and implements the recommendations the Presidential Emergency Board made.

    The deal the Machinists approved this weekend was the second one they voted on after rejecting their first agreement. This one includes all the raises and an additional paid leave day that was in the original deal, but it also included several additional benefits including a cap on health insurance expenses, an agreement that the railroads will study how much overtime employees are being forced to work and a promise that each railroad will negotiate individually over expense reimbursement.

    The railroads also promised the Machinists that they won’t force workers to share hotel rooms when they’re on the road for work.

    “Our union recognizes that the agreement wasn’t accepted overwhelmingly, so our team will continue conversing with our members at our rail yards across the nation,” the Machinists union’s District 19 unit said in a statement. “This agreement is the first step in addressing some of the issues in our industry. Our fight was able to shine a light on the work-life balance issues as well as the lack of proper paid sick leave.”

    Three other unions are scheduled to vote later this month, including the largest ones that represent engineers and conductors.

    The workers represented by the Machinists union generally have more regular schedules than the engineers and conductors who say the railroads’ strict attendance policies keep them on call 24/7. And the Brotherhood of Locomotive Engineers and Trainmen and the Transportation Division of the International Association of Sheet Metal, Air, Rail and Transportation Workers unions won’t even release the results of their votes until after the current Nov. 19 deadline in the BMWED talks.

    Because of the fears about a possible strike, business groups have urged Biden and Congress to be ready to intervene if both sides can’t reach an agreement. Biden played an active role in securing these original deals back in September, and Congress has the power to block a strike and impose terms on the workers if there is a walkout.

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  • Twitter slashes its staff as Musk era takes hold on platform

    Twitter slashes its staff as Musk era takes hold on platform

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    Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and its ability to fight disinformation just days ahead of the U.S. midterm elections.

    The speed and size of the cuts also opened Musk and Twitter to lawsuits. At least one was filed alleging Twitter violated federal law by not providing fired employees the required notice.

    The San Francisco-based company told workers by email Thursday that they would learn Friday if they had been laid off. About half of the company’s staff of 7,500 was let go, Yoel Roth, Twitter’s head of safety & integrity, confirmed in a tweet.

    Musk tweeted late Friday that there was no choice but to cut the jobs “when the company is losing over $4M/day.” He did not provide details on the daily losses at the company and said employees who lost their jobs were offered three months’ pay as a severance.

    No other social media platform comes close to Twitter as a place where public agencies and other vital service providers — election boards, police departments, utilities, schools and news outlets — keep people reliably informed. Many fear Musk’s layoffs will gut it and render it lawless.

    Roth said the company’s front-line moderation staff was the group the least impacted by the job cuts.

    He added that Twitter’s “efforts on election integrity — including harmful misinformation that can suppress the vote and combatting state-backed information operations — remain a top priority.”

    Musk, meanwhile, tweeted that “Twitter’s strong commitment to content moderation remains absolutely unchanged.”

    But a Twitter employee who spoke with The Associated Press Friday said it will be a lot harder to get that work done starting next week after losing so many colleagues.

    “This will impact our ability to provide support for elections, definitely,” said the employee who spoke on the condition of anonymity out of concerns for job security.

    The employee said there’s no “concrete sense of direction” except for what Musk says publicly on Twitter.

    “I follow his tweets and they affect how we prioritize our work,” said the employee. “It’s a very healthy indicator of what to prioritize.”

    Several employees who tweeted about losing their jobs said Twitter eliminated their entire teams, including one focused on human rights and global conflicts, another checking Twitter’s algorithms for bias in how tweets get amplified, and an engineering team devoted to making the social platform more accessible for people with disabilities.

    Eddie Perez, a Twitter civic integrity team manager who quit in September, said he fears the layoffs so close to the midterms could allow disinformation to “spread like wildfire” during the post-election vote-counting period in particular.

    “I have a hard time believing that it doesn’t have a material impact on their ability to manage the amount of disinformation out there,” he said, adding that there simply may not be enough employees to beat it back.

    President Joe Biden, at a campaign event in Illinois Friday night, said: “Now what are we all worried about? Elon Musk, who goes out and buys an outfit that sends and spews lies all across the world. … How do we expect kids to be able to understand what is at stake?”

    Twitter’s employees have been expecting layoffs since Musk took the helm. He fired top executives, including CEO Parag Agrawal, and removed the company’s board of directors on his first day as owner.

    As the emailed notices went out, many Twitter employees took to the platform to express support for each other — often simply tweeting blue heart emojis to signify its blue bird logo — and salute emojis in replies to each other.

    A Twitter manager said many employees found out they had been laid off when they could no longer log into the company’s systems. The manager said the way the layoffs were conducted showed a “lack of care and thoughtfulness.” The manager, who spoke to the AP on the condition of anonymity out of concerns for job security, said managers were not given any notice about who would be getting laid off.

    “For me as a manager, it’s been excruciating because I had to find out about what my team was going to look like through tweets and through texting and calling people,” the employee said. “That’s a really hard way to care for your people. And managers at Twitter care a lot about their people.”

    A coalition of civil rights groups escalated their calls Friday for brands to pause advertising buys on the platform. The layoffs are particularly dangerous ahead of the elections, the groups warned, and for transgender users and other groups facing violence inspired by hate speech that proliferates online.

    In a tweet Friday, Musk blamed activists for what he described as a “massive drop in revenue” since he took over Twitter late last week.

    Insider Intelligence analyst Jasmine Enberg said there is “little Musk can say to appease advertisers when he’s keeping the company in a constant state of uncertainty and turmoil, and appears indifferent to Twitter employees and the law.”

    “Musk needs advertisers more than they need him,” she said. “Pulling ads from Twitter is a quick and painless decision for most brands.”

    A lawsuit was filed Thursday in federal court in San Francisco on behalf of one employee who was laid off and three others who were locked out of their work accounts. It alleges Twitter violated the law by not providing the required notice.

    The Worker Adjustment and Retraining Notification statute requires employers with at least 100 workers to disclose layoffs involving 500 or more employees, regardless of whether a company is publicly traded or privately held, as Twitter is now.

    The layoffs affected Twitter’s offices around the world. In the United Kingdom, it would be required by law to give employees notice, said Emma Bartlett, a partner specializing in employment and partnership law at CM Murray LLP.

    The speed of the layoffs could also open Musk and Twitter up to discrimination claims if it turns out, for instance, that they disproportionally affected women, people of color or older workers.

    ———

    AP Business Writers Mae Anderson, Alexandra Olson and Ken Sweet in New York, James Pollard in Columbia, S.C., Frank Bajak in Boston and Danica Kirka in London contributed to this story.

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  • Trump Org. trial off until Thursday after witness gets COVID

    Trump Org. trial off until Thursday after witness gets COVID

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    NEW YORK — A criminal trial involving tax fraud charges against Donald Trump’s company won’t resume until late next week at the earliest as a key witness continues to recover from COVID-19.

    Court spokesperson Lucian Chalfen said the trial, in state court in Manhattan, is slated to resume on Thursday — not Monday, as the judge had previously hoped.

    The Trump Organization trial was abruptly halted Tuesday when longtime company senior vice president and controller Jeffrey McConney tested positive for the virus.

    McConney was on the witness stand for the first two days of testimony, Monday and Tuesday. He coughed off and on as he walked prosecutors through the company’s bookkeeping and payroll practices.

    By Tuesday’s lunch break, McConney’s symptoms had worsened, prompting him to take a COVID test. Chalfen said he was not aware of anyone else involved in the case testing positive.

    If the trial resumes Thursday, it will be the only day the case is in court next week.

    Court is closed Tuesday for Election Day and Friday for Veterans Day. The judge, Juan Manuel Merchan, previously said he would not hold the trial on Wednesdays.

    Merchan has said he expected the trial to take at least four weeks. The prolonged delay could push it into mid-December or beyond.

    The Trump Organization is accused of helping some of its top executives avoid income taxes on lavish company-paid perks, including a Manhattan apartment and luxury cars.

    McConney was granted immunity to testify last year before a grand jury and again to testify at the criminal trial.

    Before Tuesday’s adjournment, McConney told jurors he altered company pay records to reduce one executive’s income tax bill and recounted how the company changed its pay practices and financial arrangements once Trump was elected president in 2016.

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  • Widespread Twitter layoffs begin a week after Musk takeover

    Widespread Twitter layoffs begin a week after Musk takeover

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    NEW YORK — Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the platform and its ability to fight disinformation just days ahead of the U.S. midterm elections.

    The speed and size of the cuts also opened Musk and Twitter to lawsuits. At least one was filed Thursday in San Francisco alleging Twitter has violated federal law by not providing fired employees the required notice.

    The company had told workers by email that they would find out Friday if they had been laid off. It did not say how many of the roughly 7,500 employees would lose their jobs.

    Musk didn’t confirm or correct investor Ron Baron at a Friday conference in New York when he asked the billionaire Tesla CEO how much money he would save after he “fired half of Twitter.”

    Musk responded by talking about Twitter’s cost and revenue challenges and blamed activists who urged big companies to halt advertising on the platform. Musk hasn’t commented on the layoffs themselves.

    “The activist groups have been successful in causing a massive drop in Twitter advertising revenue, and we’ve done our absolute best to appease them and nothing is working,” he said.

    Some employees of the San Francisco-based company got clues about their pending dismissal when they lost access to their work accounts hours earlier. They and others tweeted messages of support using the hashtag #OneTeam. The email to staff said job reductions were “necessary to ensure the company’s success moving forward.”

    No other social media platform comes close to Twitter as a place where public agencies and other vital service providers — election boards, police departments, utilities, schools and news outlets — keep people reliably informed. Many fear Musk’s layoffs will gut it and render it lawless.

    Several employees who tweeted about losing their jobs said Twitter also eliminated their entire teams, including one focused on human rights and global conflicts, another checking Twitter’s algorithms for bias in how tweets get amplified, and an engineering team devoted to making the social platform more accessible for people with disabilities.

    Eddie Perez, a Twitter civic integrity team manager who quit in September, said he fears the layoffs so close to the midterms could allow disinformation to “spread like wildfire” during the post-election vote-counting period in particular.

    “I have a hard time believing that it doesn’t have a material impact on their ability to manage the amount of disinformation out there,” he said, adding that there simply may not be enough employees to beat it back.

    Perez, a board member at the nonpartisan election integrity nonprofit OSET Institute, said the post-election period is particularly perilous because “some candidates may not concede and some may allege election irregularities and that is likely to generate a new cycle of falsehoods.”

    Twitter’s employees have been expecting layoffs since Musk took the helm. He fired top executives, including CEO Parag Agrawal, and removed the company’s board of directors on his first day as owner.

    As the emailed notices went out, many Twitter employees took to the platform to express support for each other — often simply tweeting blue heart emojis to signify its blue bird logo — and salute emojis in replies to each other.

    The sweeping layoffs will jeopardize content moderation standards, according to a coalition of civil rights groups, that escalated their calls Friday for brands to pause advertising buys on the platform. The layoffs are particularly dangerous ahead of the elections, the groups warned, and for transgender users and other groups facing violence inspired by hate speech that proliferates online.

    Leaders with the organizations Free Press and Color of Change said they spoke with Musk on Tuesday, and he promised to retain and enforce election integrity measures already in place. But the mass layoffs suggest otherwise, according to Jessica González, co-CEO of Free Press.

    González pushed back on Musk’s assertion that content moderation rules — an operation she said was already “dangerously under-resourced” — had not changed since his takeover.

    “When you lay off reportedly 50% of your staff — including teams who are in charge of actually tracking, monitoring and enforcing content moderation and rules — that necessarily means that content moderation has changed,” González said.

    As of Friday, Musk and Twitter had given no public notice of the coming layoffs, according to a spokesperson for California’s Employment Development Department. That’s even though the Worker Adjustment and Retraining Notification statute requires employers with at least 100 workers to disclose layoffs involving 500 or more employees, regardless of whether a company is publicly traded or privately held.

    A lawsuit was filed Thursday in federal court in San Francisco on behalf of one employee who was laid off and three others who were locked out of their work accounts. It alleges Twitter violated the law by not providing the required notice.

    The layoffs affected Twitter’s offices around the world. In the United Kingdom, Twitter would be required by law to give employees notice, said Emma Bartlett, a partner specializing in employment and partnership law at CM Murray LLP.

    In the case of mass firings, failure to notify the government could “have criminal penalties associated with it,’’ Bartlett said, adding that whether criminal sanctions are ever applied is another question.

    The speed of the layoffs could also open Musk and Twitter up to discrimination claims if it turns out, for instance, that they disproportionally affected women, people of color or older workers.

    Employment lawyer Peter Rahbar said most employers “take great care in doing layoffs of this magnitude” to make they are justified and don’t unfairly discriminate or bring unwanted attention to the company.

    “For some reason, he seemingly wants to lay off half the company without doing any due diligence on what these people do or who they are and without any regards to the law,” Rahbar said.

    The layoffs come at a tough time for social media companies, as advertisers are scaling back and newcomers — mainly TikTok — are threatening older platforms like Twitter and Facebook.

    In a tweet Friday, Musk blamed activists for what he described as a “massive drop in revenue” since he took over Twitter late last week. He did not say how much revenue had dropped.

    Big companies including General Motors, REI, General Mills and Audi have all paused ads on Twitter due to questions about how it will operate under Musk. Volkswagen Group said it is recommending its brands, which include Audi, Lamborghini and Porsche, pause paid activities until Twitter issues revised brand safety guidelines.

    Musk last week sought to convince advertisers that Twitter wouldn’t become a “free-for-all hellscape” but many remain concerned about whether content moderation will remain as stringent and whether staying on Twitter might tarnish their brands.

    In his tweet, Musk said “nothing has changed with content moderation.”

    But Twitter advertisers have steadily declined since Musk agreed to buy Twitter in April, according to MediaRadar, which tracks ad buys. Between January and April, the average number of advertisers on Twitter was 3,350. From May through September, the number dropped to 3,100. Prior to July, more than 1,000 new advertisers were spending on Twitter every month. In July and August, that number dropped to roughly 200.

    Insider Intelligence analyst Jasmine Enberg said there is “little Musk can say to appease advertisers when he’s keeping the company in a constant state of uncertainty and turmoil, and appears indifferent to Twitter employees and the law.”

    “Musk needs advertisers more than they need him,” she said. “Pulling ads from Twitter is a quick and painless decision for most brands.”

    ———

    AP Business Writers Mae Anderson, Alexandra Olson and Ken Sweet in New York, James Pollard in Columbia, S.C., Frank Bajak in Boston and Danica Kirka in London contributed to this story.

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  • The unemployment rate for Black men fell in October, but so did labor force participation

    The unemployment rate for Black men fell in October, but so did labor force participation

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    A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida.

    Joe Raedle | Getty Images

    The unemployment rate for Black men ticked down in October while it rose for most other groups, but that may be because workers are dropping out of the labor force.

    The October nonfarm payrolls print showed that the U.S. economy added 261,000 jobs in the month and that the unemployment rate for all workers increased to 3.7% from 3.5%.

    For Black men, unemployment fell to 5.3% from 5.8% a month earlier on a seasonally adjusted basis. White unemployment rose to 3.2% overall up from 3.1% a month earlier.  

    “It went in the right direction for the wrong reasons,” said Bill Spriggs, an economics professor at Howard University and chief economist for the AFL-CIO.

    The wrong reasons

    The downward motion in unemployment for Black men is likely due to the labor force participation rate, which dipped slightly to 67.2% in October, just below the previous month’s reading of 68%.

    In addition, the employment-to-population ratio for Black men fell to 63.6% from 64.1% in September, which could indicate that workers have stopped looking for jobs, sending unemployment lower.

    Unemployment for Hispanic workers also jumped in October, outpacing the uptick for Black and white workers. It jumped to 4.2% from 3.8% in September.

    “It’s showing this continued frustration that workers of color are having in the labor market,” said Spriggs. Though overall there is strength in the labor market, “this is not the tight labor market where people can just walk in and get a job no matter who they are.”

    Overall Black unemployment ticked up led by Black women. In October, the unemployment rate for Black women jumped to 5.8% from 5.4% in September.

    “This is concerning because throughout both the pandemic and the economic recovery from the pandemic crisis, Black women have been lagging behind,” said Kate Bahn, director of economic policy and chief economist at the Washington Center for Equitable Growth, a non-profit

    On the brighter side, the employment to population ratio for Black women didn’t change, though labor market participation ticked up during the month. That could be a sign that more Black women are returning to the labor force and are looking for jobs but haven’t yet found employment, noted Valerie Wilson, director of the program on race, ethnicity and the economy at the Economic Policy Institute.

    “It doesn’t suggest that there’s a huge number of people losing jobs,” she said.

    Going forward

    Of course, one month of data does not make a trend, so it’s important to look at the longer-term picture for workers of color.

    Generally, the unemployment rate for workers of color has stepped down in recent months in-line with white counterparts, and labor force participation and the employment to population ratio have mostly held steady, said Wilson.

    Still, there may be cause for concern going forward depending on how the Federal Reserve reads the October report. The labor market has remained strong amid historic interest rate hikes meant to tame high inflation, and the central bank is poised to continue its path of raising rates.

    If the Fed goes too far and pushed the U.S. economy into a recession, that could have the worst impact on workers of color.

    “If we throw the economy into a recession, that impact at least historically is more likely to hit harder in communities of color,” said Wilson.

    — CNBC’s Gabriel Cortes contributed reporting.

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  • U.S. adds 263,000 new jobs last month — and it’s still too strong for the Fed

    U.S. adds 263,000 new jobs last month — and it’s still too strong for the Fed

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    The numbers: The economy gained surprisingly strong 261,000 new jobs in October, underscoring the persistent strength of a labor market that the Federal Reserve worries will exacerbate high inflation.

    Economists polled by The Wall Street Journal had forecast 205,000 new jobs.

    The unemployment rate, meanwhile, rose to 3.7% from 3.5%, the government said Friday, as more people lost jobs and the size of the labor force shrank a little bit.

    Fed Chairman Jerome Powell said on Wednesday the labor market is “out of balance” because there’s too many job openings and too few people to fill them.

    Fed officials worry the labor shortage is driving up wages and making it harder for them to reduce inflation back to precrisis levels of 2% or so. The cost of living has risen 8.2% in the past year, one of the highest increases since the early 1980s.

    Layoffs and unemployment are likely to increase, however, if the Fed keeps raising U.S. interest rates as expected. The central bank could push a key short-term rate to as high as 5% by next year from near zero just nine months ago.

    Rising interest rates slow the economy and sometimes trigger recessions. Many economists predict a downturn is likely by next year. Powell himself admitted the odds of avoiding a recession have fallen due to persistently high inflation.

    In October, wages grew 0.4%. Average hourly pay rose slightly in September to $32.58, lowering the increase over the past year to 4.7% from 5%.

    It’s the first time in almost a year that the rate of wage growth has dropped below 5%. Before the pandemic, they were rising around 3% a year.

    Another potential pressure valve for the economy showed little progress, however. The so-called participation rate — or share of working-age people in the labor force — dipped to 62.2% from 62.3%.

    U.S. stocks gave up gains in premarket trades after the report. Until hiring slows a lot further and unemployment rises, the Fed is unlikely to take its foot off the monetary brakes.

    Big picture: The economy is slowing — almost every major indicator is much softer compared to earlier in the year.

    The labor market is one of the few exceptions.

    Normally that’s a good thing, but the Fed thinks the the labor market is too strong for its own good. The series of rate hikes undertaken by the central bank is bound to slow hiring even further and cause unemployment to rise in the months ahead.

    The potential saving grace, Powell and some other economists say? Businesses have struggled so hard to hire people amid a labor shortage that they might not lay off as many people as they usually do when the economy goes sour.

    Market reaction: The Dow Jones Industrial Average
    DJIA,
    -0.46%

    and S&P 500
    SPX,
    -1.06%

    were set to open lower in Friday trades. The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    4.158%

    rose to 4.19%.

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  • Ford quality chief retires as CEO tries to boost reliability

    Ford quality chief retires as CEO tries to boost reliability

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    DETROIT — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high warranty claims and reliability issues.

    Stuart Rowley, chief transformation and quality officer, is leaving after 32 years with the company. He’ll be replaced by Jim Baumbick, who is now vice president of product development operations and internal combustion engine programs, the company said Wednesday.

    “Quality is our No. 1 priority as a company, and Jim Baumbick is the right leader to deliver world-class quality and reliability at Ford,” CEO Jim Farley said in a statement.

    Farley has complained about quality, warranty claims, recalls and problems with launching new vehicles since his appointment as chief executive two years ago.

    At the company’s annual shareholders meeting in May, Farley said the problems are affecting Ford’s financial performance, but also causing pain for customers.

    “We’ve made more progress on our launch quality and initial quality, you could see it in the surveys and our ramp-up of production,” Farley said at the meeting. “However, we are not satisfied at all with our quality performance, including our recalls and customer satisfaction efforts, which we need to quickly accelerate. ”

    He said fixing the problems will require new talent, which the company has, as well as a culture shift and better processes for engineering, manufacturing and supply chain management. “It’s very frustrating for our customers, and so we’re doing everything we can to accommodate them with the right policies to support them when they do have a problem, and rest assured this management team is completely committed to fixing our gap to competition and return the company to being benchmark,” he said.

    Ford’s statement said Josh Halliburton, who was hired in January from survey and data analysis company J.D. Power to be executive director of quality, will report to Baumbick.

    The move, Ford said, will integrate quality improvement work in design, engineering, manufacturing and the supply chain.

    Rowley will retire Dec. 1 after more than three decades with the automaker, where he held multiple positions including chief operating officer for North America, president of Ford Europe.

    The change is among several management moves the company announced Wednesday.

    Joy Falotico, president of the Lincoln luxury brand, will retire after 33 years with the company. She’ll be replaced by Dianne Craig, now president of the International Markets Group.

    Steven Armstrong, vice president for the India and South America transformation, also will retire, after 35 years with Ford.

    The moves come at a time of profound change that Farley is leading at Ford, including separating the company into electric vehicle and internal combustion units.

    In August the company let go of 3,000 white collar workers to cut costs and help make the long transition from combustion vehicles to those powered by batteries.

    Governments across the globe are pushing to eliminate combustion automobiles to mitigate the impact of climate change. Companies like Ford are orchestrating the wind-down of their combustion businesses over multiple years, even though they are still generating the cash to fund electric vehicle development.

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  • USDA says more than $200M will help meat processors expand

    USDA says more than $200M will help meat processors expand

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    OMAHA, Neb. — The Agriculture Department announced more than $223 million in grants and loans Wednesday to help small and mid-sized meat processing plants expand to help boost competition in the highly concentrated industry.

    The effort is expected to increase cattle and pig slaughter capacity by more than 500,000 head a year and help poultry plants process nearly 34 million more birds while adding more than 1,100 jobs mostly in rural areas where the plants are located.

    The Biden administration wants to add meat processing capacity to give farmers and ranchers more options of where to sell the animals they raise while hopefully reducing prices for consumers by increasing competition because the biggest companies now have so much power over pricing. In beef, the top four companies control 85% of the market while the top four firms control 70% of the pork market. The four biggest poultry processors control 54% of that business.

    “We’re looking forward to these projects taking hold and creating new opportunity and new choice for producers and consumers,” U.S. Agriculture Secretary Tom Vilsack said.

    The USDA’s announcement Wednesday, combined with a trip to Omaha, Nebraska, where Vilsack plans to tour a beef processing plant, comes as President Joe Biden is highlighting his achievements to voters before the Nov. 8 midterm elections. Several of the administration’s recent announcements have targeted rural areas in states that generally support more Republicans than Democrats.

    Vilsack said the Greater Omaha Packing company will use its grant to expand beef processing capacity by 700 head per day and add 275 more jobs. The Omaha company is one of the biggest of the 21 grant recipients nationwide that will share $73 million.

    Some of the other grants will go to helping Pure Prairie reopen an idle poultry processing plant that will employ hundreds of people in Charles City, Iowa. And the Cutting Edge Meat Company in Leakesville, Mississippi, expects to be able to reduce its current six-month backlog for beef and pork processing by expanding its capacity.

    The other $150 million of funding announced Wednesday will go to 12 loan programs that will help independent meat processors continue operating as they work to expand. And applications for additional grants and loans are being accepted now for another round of spending next year.

    The big meat processors maintain that supply and demand factors — not industry concentration — drive prices for beef, pork and poultry products. And they say processing capacity has been restrained by the ongoing shortage of people to work at these plants, which are typically in rural areas with small populations.

    The worker shortages were highlighted during the pandemic when a number of major meat processing plants had to shut down as the virus tore through them because so many workers became ill or had to quarantine. That contributed to shortages of meat in grocery stores that drove up prices.

    The price paid for the animals that are slaughtered has long been a point of contention because even as meat prices soar with inflation and tight capacity in the industry, farmers and ranchers receive a relatively small share of the profits. Federal data show that for every dollar spent on food, the share that went to ranchers and farmers dropped from 35 cents in the 1970s to 14 cents recently.

    Agricultural economists have said that smaller processing plants also might have a hard time competing with the major meat companies because they are far less efficient than the big plants run by companies like Tyson, Smithfield Foods, Cargill, JBS, Hormel and Purdue Farms.

    In addition to these loans and grants, the White House has also adjusted administrative rules to make it easier for farmers and ranchers to report concerns or sue over anticompetitive behavior. Officials are also planning new rules to label meat as a U.S. product to differentiate it from meat raised in other countries.

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  • Musk floats paid Twitter verification, fires board

    Musk floats paid Twitter verification, fires board

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    Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform.

    Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission.

    He’s also testing the waters on asking users to pay for verification. A venture capitalist working with Musk tweeted a poll asking how much users would be willing to pay for the blue check mark that Twitter has historically used to verify higher-profile accounts so other users know it’s really them.

    Musk, whose account is verified, replied, “Interesting.”

    Critics have derided the mark, often granted to celebrities, politicians, business leaders and journalists, as an elite status symbol.

    But Twitter also uses the blue check mark to verify activists and people who suddenly find themselves in the news, as well as little-known journalists at small publications around the globe, as an extra tool to curb misinformation coming from accounts that are impersonating people.

    “The whole verification process is being revamped right now,” Musk tweeted Sunday in response to a user who asked for help getting verified.

    On Friday, meanwhile, billionaire Saudi Prince Alwaleed bin Talal said he and his Kingdom Holding Company rolled over a combined $1.89 billion in existing Twitter shares, making them the company’s largest shareholder after Musk. The news raised concerns among some lawmakers, including Sen. Chris Murphy, a Democrat from Connecticut.

    Murphy tweeted that he is requesting the Committee on Foreign Investment — which reviews acquisitions of U.S. businesses by foreign buyers — to investigate the national security implications of the kingdom’s investment in Twitter

    “We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting U.S. politics, are now the second-largest owner of a major social media platform,” Murphy tweeted. “There is a clear national security issue at stake and CFIUS should do a review.”

    Having taken ownership of the social media service, Musk has invited a group of tech-world friends and investors to help guide the San Francisco-based company’s transformation, which is likely to include a shakeup of its staff. Musk last week fired CEO Parag Agrawal and other top executives. There’s been uncertainty about if and when he could begin larger-scale layoffs.

    Those who have revealed they are helping Musk include Sriram Krishnan, a partner at venture capital firm Andreessen Horowitz, which pledged back in the spring to chip in to Musk’s plan to buy the company and take it private.

    Krishnan, who is also a former Twitter product executive, said in a tweet that it is “a hugely important company and can have great impact on the world and Elon is the person to make it happen.”

    Jason Calacanis, the venture capitalist who tweeted the poll about whether users would pay for verification, said over the weekend he is “hanging out at Twitter a bit and simply trying to be as helpful as possible during the transition.”

    Calacanis said the team already “has a very comprehensive plan to reduce the number of (and visibility of) bots, spammers, & bad actors on the platform.” And in the Twitter poll, he asked if users would pay between $5 and $15 monthly to “be verified & get a blue check mark” on Twitter. Twitter is currently free for most users because it depends on advertising for its revenue.

    Musk agreed to buy Twitter for $44 billion in April but it wasn’t until Thursday evening that he finally closed the deal, after his attempts to back out of it led to a protracted legal fight with the company. Musk’s lawyers are now asking the Delaware Chancery Court to throw out the case, according to a court filing made public Monday. The two sides were supposed to go to trial in November if they didn’t close the deal by the end of last week.

    Musk has made a number of pronouncements since early this year about how to fix Twitter, and it remains unclear which proposals he will prioritize.

    He has promised to cut back some of Twitter’s content restrictions to promote free speech, but said Friday that no major decisions on content or reinstating of banned accounts will be made until a “content moderation council” with diverse viewpoints is put in place. He later qualified that remark, tweeting “anyone suspended for minor & dubious reasons will be freed from Twitter jail.”

    The head of a cryptocurrency exchange that invested $500 million in Musk’s Twitter takeover said he had a number of reasons for supporting the deal, including the possibility Musk would transition Twitter into a company supporting cryptocurrency and the concept known as Web3, which many cryptocurrency enthusiasts envision as the next generation of the internet.

    “We want to make sure that crypto has a seat at the table when it comes to free speech,” Binance CEO Changpeng Zhao told CNBC on Monday. “And there are more tactical things, like we want to help bring Twitter into Web3 when they’re ready.”

    He said cryptocurrency could be useful for solving some of Musk’s immediate challenges, such as the plan to charge a premium membership fee for more users.

    “That can be done very easily, globally, by using cryptocurrency as a means of payment,” he said.

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  • Musk floats paid Twitter verification, fires board

    Musk floats paid Twitter verification, fires board

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    Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform.

    Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission.

    He’s also testing the waters on asking users to pay for verification. A venture capitalist working with Musk tweeted a poll asking how much users would be willing to pay for the blue check mark that Twitter has historically used to verify higher-profile accounts so other users know it’s really them.

    Musk, whose account is verified, replied, “Interesting.”

    Critics have derided the mark, often granted to celebrities, politicians, business leaders and journalists, as an elite status symbol.

    But Twitter also uses the blue check mark to verify activists and people who suddenly find themselves in the news, as well as little-known journalists at small publications around the globe, as an extra tool to curb misinformation coming from accounts that are impersonating people.

    “The whole verification process is being revamped right now,” Musk tweeted Sunday in response to a user who asked for help getting verified.

    On Friday, meanwhile, billionaire Saudi Prince Alwaleed bin Talal said he and his Kingdom Holding Company rolled over a combined $1.89 billion in existing Twitter shares, making them the company’s largest shareholder after Musk. The news raised concerns among some lawmakers, including Sen. Chris Murphy, a Democrat from Connecticut.

    Murphy tweeted that he is requesting the Committee on Foreign Investment — which reviews acquisitions of U.S. businesses by foreign buyers — to investigate the national security implications of the kingdom’s investment in Twitter

    “We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting U.S. politics, are now the second-largest owner of a major social media platform,” Murphy tweeted. “There is a clear national security issue at stake and CFIUS should do a review.”

    Having taken ownership of the social media service, Musk has invited a group of tech-world friends and investors to help guide the San Francisco-based company’s transformation, which is likely to include a shakeup of its staff. Musk last week fired CEO Parag Agrawal and other top executives. There’s been uncertainty about if and when he could begin larger-scale layoffs.

    Those who have revealed they are helping Musk include Sriram Krishnan, a partner at venture capital firm Andreessen Horowitz, which pledged back in the spring to chip in to Musk’s plan to buy the company and take it private.

    Krishnan, who is also a former Twitter product executive, said in a tweet that it is “a hugely important company and can have great impact on the world and Elon is the person to make it happen.”

    Jason Calacanis, the venture capitalist who tweeted the poll about whether users would pay for verification, said over the weekend he is “hanging out at Twitter a bit and simply trying to be as helpful as possible during the transition.”

    Calacanis said the team already “has a very comprehensive plan to reduce the number of (and visibility of) bots, spammers, & bad actors on the platform.” And in the Twitter poll, he asked if users would pay between $5 and $15 monthly to “be verified & get a blue check mark” on Twitter. Twitter is currently free for most users because it depends on advertising for its revenue.

    Musk agreed to buy Twitter for $44 billion in April but it wasn’t until Thursday evening that he finally closed the deal, after his attempts to back out of it led to a protracted legal fight with the company. Musk’s lawyers are now asking the Delaware Chancery Court to throw out the case, according to a court filing made public Monday. The two sides were supposed to go to trial in November if they didn’t close the deal by the end of last week.

    Musk has made a number of pronouncements since early this year about how to fix Twitter, and it remains unclear which proposals he will prioritize.

    He has promised to cut back some of Twitter’s content restrictions to promote free speech, but said Friday that no major decisions on content or reinstating of banned accounts will be made until a “content moderation council” with diverse viewpoints is put in place. He later qualified that remark, tweeting “anyone suspended for minor & dubious reasons will be freed from Twitter jail.”

    The head of a cryptocurrency exchange that invested $500 million in Musk’s Twitter takeover said he had a number of reasons for supporting the deal, including the possibility Musk would transition Twitter into a company supporting cryptocurrency and the concept known as Web3, which many cryptocurrency enthusiasts envision as the next generation of the internet.

    “We want to make sure that crypto has a seat at the table when it comes to free speech,” Binance CEO Changpeng Zhao told CNBC on Monday. “And there are more tactical things, like we want to help bring Twitter into Web3 when they’re ready.”

    He said cryptocurrency could be useful for solving some of Musk’s immediate challenges, such as the plan to charge a premium membership fee for more users.

    “That can be done very easily, globally, by using cryptocurrency as a means of payment,” he said.

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  • Trump Organization faces criminal tax fraud trial over perks

    Trump Organization faces criminal tax fraud trial over perks

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    NEW YORK — For years, as Donald Trump was soaring from reality TV star to the White House, his real estate empire was bankrolling big perks for some of his most trusted senior executives, including apartments and luxury cars.

    Now Trump’s company, the Trump Organization, is on trial this week for criminal tax fraud — on the hook for what prosecutors say was a 15-year scheme by top officials to hide the plums and avoid paying taxes.

    Opening statements and the first witnesses are expected Monday in New York. Last week, 12 jurors and six alternates were picked for the case, the only criminal trial to arise from the Manhattan district attorney’s three-year investigation of the former president.

    Among the key prosecution witnesses: Trump’s longtime finance chief Allen Weisselberg, who pleaded guilty and has agreed to testify against the company in exchange for a five-month jail sentence.

    If convicted, the Trump Organization could be fined more than $1 million and could face difficulty in securing new loans and deals. Some partners and government entities could seek to cut ties with the company. It could also hamper its ability to do business with the U.S. Secret Service, which sometimes pays the company for lodging and services while protecting Trump as a former president.

    Neither Trump nor any of his children who have worked as Trump Organization executives are charged or accused of wrongdoing. Trump is not expected to testify or even attend the trial.

    Prosecutors have said they do not need to prove Trump knew about the scheme to get a conviction and that the case is “not about Donald Trump.” But a defense lawyer, William J. Brennan, said even if he’s not physically there, Trump is “ever present, like the mist in the room.”

    That’s because Trump is synonymous with the Trump Organization, the entity through which he manages his many ventures, including his investments in golf courses, luxury towers and other real estate, his many marketing deals and his TV pursuits.

    Trump signed some of the checks at the center of the case. His name is on memos and other company documents. Witnesses could testify about conversations they had with Trump. They are even expected to enter Trump’s personal general ledgers as evidence.

    Prosecutors say The Trump Organization — through its subsidiaries Trump Corp. and Trump Payroll Corp. — is liable in part because former Weisselberg was a “high managerial agent” entrusted to act on behalf of the company and its various entities.

    The Trump Organization has said it did nothing wrong. The company’s lawyers argue that Weisselberg and other executives acted on their own and that, if anything, their actions harmed the company financially.

    Weisselberg, who has pleaded guilty to taking $1.7 million in off-the-books compensation, pinned blame on himself and other top Trump Organization executives, including senior vice president and controller Jeffrey McConney.

    But he disagreed with the notion that the company was harmed, saying the perks actually saved the company money because it avoiding having to give raises.

    Prosecutors have said they expect to call 15 witnesses, including Weisselberg and McConney, who was granted limited immunity to testify last year before a grand jury.

    Judge Juan Manuel Merchan expects the trial to take at least four weeks, though a defense lawyer estimated last week that the prosecution case alone could go on for two months. Court will meet for a full day on Mondays, Tuesdays and Thursday and for a half-day on Friday. The trial is off on Wednesday so the judge can attend to other matters.

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  • UPDATED: Dead subject identified, officers placed on leave after fatal officer-involved shooting early Sunday in Davenport

    UPDATED: Dead subject identified, officers placed on leave after fatal officer-involved shooting early Sunday in Davenport

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    The Iowa Department of Public Safety’s (DPS) Division of Criminal Investigations (DCI) investigated a fatal officer-involved shooting early Sunday in Davenport and identified the individual involved as 24-year-old Davenport resident Kenneth Jamel Carrol Jr.






    Davenport Police investigate a shooting incident early Sunday in the 3100 block of East Kimberly Road. 



    Thomas Geyer



    Three Davenport Police officers, two Iowa State Troopers and one Bettendorf Police officer discharged their weapons during the encounter with Carrol, and all six officers have been placed on Critical Incident Leave while the case is being investigated, according to a DPS news release.

    An autopsy of Carrol will take place at the Office of the Iowa State Medical Examiner. No law enforcement personnel were injured. The release states: “Per protocol, their [law enforcement personnel] names will not be released prior to being interviewed by the Iowa Division of Criminal Investigation.”

    According to an earlier DPS news release, at 2:50 a.m. on Sunday, Oct. 30, 2022, multiple agencies were patrolling in the area of 5200 Grand Avenue when officers initiated a traffic stop and the driver failed to stop, which resulted in a pursuit.

    People are also reading…

    The pursuit ended after the vehicle became inoperable near Kimberly Road and Elmore Avenue — occupants then fled on foot. Officers exchanged gunfire with Carrol during the foot pursuit; as a result, Carrol was pronounced dead at the scene, according to the release.

    According to Scott County District Court and Iowa Department of Corrections electronic records, Carrol was discharged from probation on Oct. 2 for being a felon in possession of a firearm. At the time he was arrested for the gun charge he was on probation for convictions of theft, forgery and using a juvenile for an indictable offense.

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  • Poland chooses US to build its first nuclear power plant

    Poland chooses US to build its first nuclear power plant

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    WARSAW, Poland — Poland has chosen the U.S. government and Westinghouse to build the central European country’s first nuclear power plant, part of an effort to burn less coal and gain greater energy independence.

    Prime Minister Mateusz Morawiecki said late Friday on Twitter that Poland would use the “reliable, safe technology” of the Westinghouse Electric Company for the plant in Pomerania province near the Baltic Sea coast. The exact location remains to be identified.

    A strong Poland-U.S. alliance “guarantees the success of our joint initiatives,” Morawiecki said.

    Poland is planning to spend $40 billion to build two nuclear power plants with three reactors each, the last one to be launched in 2043. The deal with the U.S. and Westinghouse is for the first three reactors of the Pomerania plant, which officials saying should start producing electricity in 2033.

    Poland has planned for decades to build a nuclear power plant to replace its aging coal-fired plants in a country with some of the worst air pollution in Europe. Construction of a Soviet-technology nuclear plant began in the early 1980s, when Poland was in the East Bloc.

    Protests by residents and environmentalists, the 1986 disaster at the Chernobyl nuclear power plant in Ukraine and budget shortages led to the scrapping of the project.

    Russia’s invasion of Ukraine this year and its use of energy to put economic and political pressure on European nations have added urgency to Poland’s search for alternative energy sources.

    Polish government spokesman Piotr Mueller said Saturday that the government would adopt a decision at its meeting Wednesday, which will launch environmental approval and investment procedures.

    Mueller said the nuclear plant in northern Poland would require improving infrastructure in the area, including roads.

    U.S. Energy Secretary Jennifer Granholm said the project would create or sustain more than 100,000 jobs for American workers.

    “This is a HUGE step in strengthening our relationship with Poland to create energy security for future generations to come,” Granholm said.

    “This announcement also sends a clear message to Russia: We will not let them weaponize energy any longer,” Granholm said. “The West will stand together against this unprovoked aggression, while also diversifying energy supply chains and bolstering climate cooperation.”

    Poland had also considered offers from France and South Korea. Poland State Assets Minister Jacek Sasin suggested there could still be a role for South Korea in the project and more talks are scheduled in Seoul next week.

    Westinghouse has sued in federal court to block a potential deal for competitor Korea Hydro and Nuclear Power to sell reactors to Poland.

    The United States is one of the most important allies of NATO-member Poland. After Russia’s invasion of Ukraine in February, the U.S. increased its military presence in the country, creating a permanent presence for the first time, and using Poland as a hub for sending weapons to Ukraine.

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  • Poland chooses US to build its first nuclear power plant

    Poland chooses US to build its first nuclear power plant

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    WARSAW, Poland — Poland says it has chosen the U.S. government and Westinghouse to build its first nuclear power plant, announcing an important step in its efforts to burn less coal and gain greater energy independence.

    Prime Minister Mateusz Morawiecki said late Friday that Poland’s nuclear energy project will use the “reliable, safe technology” of Westinghouse Electric Company, saying a strong Poland-U.S. alliance “guarantees the success of our joint initiatives.”

    Poland has been planning for many years to build a nuclear power plant to gain greater energy independence and replace aging coal plants in a country with some of the worst levels of air pollution in Europe.

    Russia’s invasion of Ukraine, and its use of energy as a tool amid a larger standoff with the West, has added greater importance to Poland’s search for energy alternatives.

    U.S. Energy Secretary Jennifer Granholm said the $40 billion project would create or sustain more than 100,000 jobs for American workers.

    “This is a HUGE step in strengthening our relationship with Poland to create energy security for future generations to come. We are excited to continue this partnership to drive forward a clean energy transition with our counterparts in Europe,” Granholm tweeted.

    “This announcement also sends a clear message to Russia: We will not let them weaponize energy any longer,” Granholm said. “The West will stand together against this unprovoked aggression, while also diversifying energy supply chains and bolstering climate cooperation.”

    The deal is for the first three reactors of a nuclear power plant that is to be built in northern Poland, with officials saying it should start producing electricity in 2033. Poland had also considered offers from France and South Korea.

    The United States is one of the most important allies of NATO-member Poland. After Russia’s invasion of Ukraine in February it increased its military presence in the country, creating a permanent presence for the first time, and using Poland as a hub for sending weapons to Ukraine.

    State Assets Minister Jacek Sasin suggested there could still be a role for South Korea in the project, saying that “this is not our last word” and that more talks are being held in Seoul next week concerning the large nuclear energy project.

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  • Emmett Till images have multigenerational impact on artists

    Emmett Till images have multigenerational impact on artists

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    Devin Allen admits that he occasionally behaved like a knucklehead, growing up in Baltimore. But he was not so irreverent as a tenth grader that he could see an image of Emmett Till’s open casket and not find it arresting.

    The story of the 14-year-old Black boy who was lynched in Mississippi became widely known because his mother, Mamie Till-Mobley, asked a press photographer to document Emmett’s funeral. The horrifying 1955 photographs depicted tangible evidence of how violent racial hatred was plaguing the U.S., catalyzing the civil rights movement.

    “Back then, I was like, ‘Wow, that happened so long ago. It would never happen now,’” Allen said, recalling the first time a high school history teacher showed him the images.

    Yet, roughly 10 years later, Allen himself would capture searing images of protests and civil unrest in Baltimore after the 2015 death of Freddie Gray, a Black man who died in police custody. Allen’s reverberant black-and-white image depicting a protester running from a line of charging police officers made the cover of Time magazine that year and is in the Smithsonian collection.

    Allen’s photographs highlighting the effects of police brutality on Baltimore’s Black community are part of the new “Impact of Images” campaign, inspired by the power of photographs like the ones of Emmett printed nearly 70 years ago in Jet magazine. The exhibit, curated by Lead With Love, is in collaboration with the studio and production company behind the biopic “Till,” which goes into wide release Friday.

    The collection includes the celebrated work of Black photographers and photojournalists from the civil rights and post-civil rights era, such as Gordon Parks, Kwame Brathwaite and Ernest Withers, alongside work from photographers of the Black Lives Matter generation. It will open to the public Saturday at Atlanta’s ZuCot Gallery, a Black-owned gallery.

    “When I became a photographer, I started understanding,” Allen said. “I’m nothing but a conduit, doing something that has been passed down from generation to generation. We are truthful revealers. We are storytellers. We are light bringers.”

    Another featured photographer, Noémie Tshinanga, took up photography as a young teenager. Much of her professional work is about showing Black people when they are not in pain, grief or anguish.

    “It doesn’t matter who you are, whether you’re a notable figure or someone walking down the street like, your existence is enough,” the Brooklyn-based photographer said. “That is the importance of showing that flip side of just us being.”

    The collection includes Tshinanga’s regal portrait of the late, pioneering Black actress Cicely Tyson. There’s also a photograph of a Black man on a beach, eyes shut and head tilted as though he is taking in a healing breath of sea breeze.

    Tshinanga first saw the image of Emmett’s open casket as a teenager. Like Allen, she didn’t fully grasp its continued relevance until one of her generation’s versions was splashed across social media in 2014.

    “I remember Mike Brown’s photo and just like everyone trying to figure out what was happening and just kind of processing that,” she said, referring to an image of the lifeless body of Michael Brown, left for hours in the middle of the street after the Black 18-year-old was fatally shot by a white police officer in Ferguson, Missouri.

    “And so once that image was ingrained in my head, it made me understand Emmett Till’s image,” she said.

    In the late summer of 1955, Till-Mobley put her son on a train from Chicago to visit family in her native Mississippi. She warned Emmett he was bound for a place where his safety depended on his ability to mute his outgoing, uncompromising nature around white people.

    In the overnight hours of Aug. 28, Emmett was taken from his uncle’s home at gunpoint by two vengeful white men. Emmett’s alleged crime? Flirting with the wife of one of his killers.

    Three days later, a fisherman on the Tallahatchie River discovered the teenager’s bloated corpse. An eye was detached, an ear was missing and his head was shot and bashed in.

    “They would not be able to visualize what had happened, unless they were allowed to see the result of what had happened. They had to see what I had seen,” Till-Mobley said in a 2003 memoir. “The whole nation had to bear witness.”

    Till-Mobley handpicked Jet photographer David Jackson, a Black man who had spent much of his career documenting the horrors of Jim Crow segregation in the South, to take the controversial images of her son’s body at a funeral home in Chicago.

    The vast majority of U.S. news outlets worried that they would drive away readers and advertisers if they printed graphic images of the teenager’s body — but not publishers in the Black press. John H. Johnson, the late founder of Jet and Ebony, dared to show what happened to Emmett.

    “(Johnson) said, ‘If his mother asked me to do it, I was gonna do it no matter what,’” said Margena Christian, a senior lecturer at the University of Illinois at Chicago and former editor and writer at Jet and Ebony. She worked for a decade with Johnson, who would occasionally recount the thought process behind Jet’s coverage.

    Jet discontinued its print edition in 2014, but president Daylon Goff said the now-digital brand continues to promote its legacy as the outlet that fearlessly told Emmett’s story.

    The images of the teenager’s open casket are a turning point in the plot of “Till,” the first-ever feature-length retelling of the atrocity and Till-Mobley’s pursuit of justice. In her research for the film, director Chinonye Chukwu learned that Till-Mobley was “very intentional” in how she shared the story of her son’s murder with the world.

    “It was no accident that she chose a Black photographer for the photo,” Chukwu told The Associated Press. “She knew what she was doing and she knew the importance of us telling our own story.”

    Reggie Cunningham, another featured “Impact of Images” photographer, began taking photos during the Ferguson uprising over Brown’s death. While many photos showed pain and confrontations between residents and police, his images included depictions of joy and a sense of community in the predominantly Black suburb of St. Louis.

    Years later, after his wife and another prominent voice from the Ferguson protests, Brittany Packnett-Cunningham, gave birth prematurely to their son, he documented their bond. Those black-and-white photos are part of the image collection.

    “It was about how much she loves him and the joy that she brings him in her motherhood,” Cunningham said. “That is the story that I really wanted to tell.”

    These are the images he wants his son accustomed to seeing as he grows up, Cunningham said: “In my work, I seek to tell these stories and spread awareness of the full expanse of Blackness, in an effort to create an affinity for our experience.”

    Brothers and ZuCot Gallery managing partners Onaje and Omari Henderson said people coming to see the exhibit won’t feel like they are “going into a repast after a funeral.” Instead, they said, visitors will see a showcase of resiliency.

    The collection — which can be viewed every Saturday and by appointment on weekdays until Nov. 13 — also includes personal photos from the Till family, stills from the movie, and images from Ebony and Jet.

    In addition to the exhibit in Atlanta, a mural bearing the likenesses of Emmett and Mamie Till-Mobley is up at The Beehive, a Black-owned space in South Los Angeles. New Orleans-based artist Brandan “BMike” Odums, whose artwork was recently featured on the cover of actor Will Smith’s autobiography, dedicated the mural alongside artist Whitney Alix last weekend.

    Before completing the mural, Odums told the AP Till-Mobley’s courage in telling her son’s story through arresting photographs anchors him in his mission as an artist.

    “That’s what the power of our images, the power of our voice does,” he said. “It ripples into spaces and rooms where people might not be ready to have the conversation. But the ripples go far and wide.”

    ———

    Aaron Morrison is a New York City-based member of the AP’s Race and Ethnicity team. Follow him on Twitter: https://www.twitter.com/aaronlmorrison.

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  • Musk took over Twitter. Then some users began testing chaos

    Musk took over Twitter. Then some users began testing chaos

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    NEW YORK — Confusion, concern, conspiracies, celebration.

    In the hours after Elon Musk took control of Twitter, reaction on the platform ranged from triumph to despair.

    While no immediate policy changes had been announced by Friday afternoon, that didn’t stop users from cheering — or criticizing — what they expected to be a quick embrace of Musk’s pledges to cut back on moderation in what he has said is an effort to promote free speech.

    Conservative personalities on the site began recirculating long-debunked conspiracy theories, including about COVID-19 and the 2020 election, in a tongue-in-cheek attempt to “test” whether Twitter’s policies on misinformation were still being enforced.

    Popular right-wing pundits tweeted buzzwords such as “ivermectin,” and “Trump won” to see whether they’d be penalized for content they suggested would previously have been flagged. Ivermectin, a cheap drug that kills parasites in humans and animals, has been promoted by some Republican lawmakers and conservative talk show hosts as an effective way to treat COVID-19. But health experts have been pushing back, warning there’s scant evidence to support the belief that it works.

    “Ok, @elonmusk, is this thing on..?” Steve Cortes, a former commentator for the conservative TV network Newsmax and adviser to former President Donald Trump wrote in a tweet, where he included a microphone emoji. “THERE ARE TWO SEXES TRUMP WON IVERMECTIN ROCKS.”

    In a letter aimed to soothe the fears of advertisers, Musk vowed Thursday that Twitter won’t be a “free-for-all hellscape, where anything can be said with no consequences.”

    But the jury is still out on what will become of the social media platform — and what it will tolerate. Observers are eyeing who stays, who goes and who might potentially come back from the list of people the platform has banned over the years. They range from Trump, to conspiracy theorist Alex Jones and former Ku Klux Klan leader David Duke — none of whom have returned to the platform so far.

    The Associated Press checked at least a dozen other Twitter accounts that were suspended by the platform — including those used by right-wing activist James O’Keefe and MyPillow Chief Executive Mike Lindell — and each turned up an “account suspended” message as of Friday afternoon.

    At least one still found a way to get his message out.

    “I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs that truly hate our country,” Trump said Friday morning in a post on his social media platform Truth Social, leaving no indication of whether he’d return to the platform or not even though Musk has said he would allow it.

    “I LOVE TRUTH!,” he said, adding Twitter will be “better” if it works to get rid of bots and fake accounts “that have hurt it so badly.”

    In a Tweet posted on Friday afternoon, Musk said Twitter will be forming a “content moderation council with widely diverse viewpoints,” and “no major content decisions or account reinstatements will happen before that council convenes.”

    Earlier in the day, news outlets reported Kanye West, the rapper legally known as Ye, appeared to be back on Twitter after being locked out of his account earlier this month over his antisemitic posts on the social media platform.

    But there was no evidence to suggest the status of his account had changed or that Musk played a role, and there was no sign of recent activity. Twitter did not immediately reply to a request for comment on whether Ye was back on the platform. The rapper and fashion designer had also been suspended from Instagram, where his account there was recently reinstated.

    Meanwhile, dozens of extremist profiles — some newly created — circulated racial slurs and Nazi imagery while expressing gratitude to Musk for his new leadership. One such post shared a breaking news update about Musk taking over the company, tweeting a racial slur and the message, “thank you Elon.” Another anonymous account tweeted, “Elon now controls Twitter, unleash the racial slurs,” along with several derogatory comments.

    “His acquisition of Twitter has opened Pandora’s box,” the advocacy group Ultraviolet said in a prepared statement on Friday, while also urging Musk, Twitter executives and the company’s board of directors to continue to enforce the ban on Trump “as well as violent right-wing extremists and white supremacists.”

    Some users reacted to the news by threatening to quit, and others made fun of them for doing so. The terms “Elon,” and “deleting,” appeared in Twitter’s top trends Friday as users discussed the fallout. Speculation also permeated the platform. Some worried the number of their Twitter followers was plunging, theorizing that Twitter may be cleaning up bots. Other users posted unverified reports that their “like” counts were dwindling.

    “Elon Musk bought a platform, he didn’t buy people,” said Jennifer Grygiel, a social media expert and professor at Syracuse University. “And we still have a choice in how we get our news, our information and how we communicate.”

    Grygiel said there will be a flight to quality if Twitter descends into further chaos under Musk, and maybe that isn’t a bad thing as the platform has increasingly come to serve corporate and state media interests.

    And as always, users were quick to crack jokes — aiming to cut through the disorder in more comical ways.

    “In honor of Elon now owning this site, I’d like to start utter chaos,” CNN commentator Bakari Sellers wrote in a Tweet on Friday morning. “Which is better Popeyes or Bojangles and why?”

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  • EXPLAINER: How will we know if the U.S. is in recession?

    EXPLAINER: How will we know if the U.S. is in recession?

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    WASHINGTON — The U.S. economy grew faster than expected in the July-September quarter, the government reported Thursday, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve.

    But the economy is hardly in the clear, and the solid growth reported for the third quarter did little to alter the growing conviction among economists that a recession is very likely next year.

    Higher borrowing rates and chronic inflation will almost certainly continue to weaken consumer and business spending. And likely recessions in the United Kingdom and Europe and slower growth in China will erode the revenue and profits of American corporations. Such trends are expected to cause a U.S. recession sometime in 2023.

    Still, there are reasons to hope that a recession, if it comes, will prove a relatively mild one. Many employers, having struggled to find workers to hire after huge layoffs during the pandemic, may decide to maintain most of their existing workforces even in a shrinking economy.

    In the July-September quarter, the economy accelerated to a 2.6% annual pace, after two quarters of contraction. Consumers spent more and exports jumped, offsetting a sharp slowdown in home sales and construction.

    Six months of economic decline is a long-held informal definition of a recession. Yet nothing is simple in a post-pandemic economy in which growth was negative in the first half of the year but the job market remained robust, with ultra-low unemployment and healthy levels of hiring. The economy’s direction has confounded the Fed’s policymakers and many private economists ever since growth screeched to a halt in March 2020, when COVID-19 struck and 22 million Americans were suddenly thrown out of work.

    By far the biggest threat to the economy remains inflation, which is still near its highest level in four decades. Even for workers who received sizable raises, their pay has dropped once it’s adjusted for inflation. The pain is being felt disproportionately by lower-income and Black and Hispanic households, many of whom are struggling to pay for essentials like food, clothes, and rent.

    High inflation has also become a central issue in Republican attacks on President Joe Biden and his fellow Democrats, who have been thrown on the defensive as they seek to maintain control of Congress in the midterm elections.

    So what is the likelihood of a recession? Here are some questions and answers:

    ————

    WHY DO MANY ECONOMISTS FORESEE A RECESSION?

    They expect the Fed’s aggressive rate hikes and persistently high inflation to overwhelm consumers and businesses, forcing them to slow their spending and investment. Businesses will likely also have to cut jobs, causing spending to fall further.

    The Fed is poised to keep raising its benchmark interest rate after having already hiked it five times this year, from near zero to a range of 3% to 3.25%. Fed officials have projected that their short-term rate, which affects borrowing costs for consumers and businesses, will reach about 4.6% next year, which would be the highest level since late 2007.

    Consumers have been remarkably resilient so far this year. Still, there are signs that high inflation and borrowing costs have begun taking a toll. Last quarter, consumer spending grew at just a 1.4% annual rate, according to Thursday’s government report, down from 2% in the second quarter and less than half its pace of a year ago.

    Thursday’s figures also showed that businesses are cutting back on investment in buildings and factories, and the housing market has been hammered by rising mortgage costs. Those trends are expected to intensify, leading to a likely recession.

    ———

    WHAT ARE SOME SIGNS THAT A RECESSION MAY HAVE BEGUN?

    The clearest signal, economists say, would be a steady rise in job losses and a surge in unemployment. Claudia Sahm, an economist and former Fed staff member, has noted that since World War II, an increase in the unemployment rate of a half-percentage point over several months has always resulted in a recession.

    Many economists monitor the number of people who seek unemployment benefits each week, which indicates whether layoffs are worsening. Weekly applications for jobless aid have increased in recent months, but not by very much. Instead, employers have added a robust average of 370,000 jobs in the past three months.

    ———

    ANY OTHER SIGNALS TO WATCH FOR?

    Many economists monitor changes in the interest payments, or yields, on different bonds for a recession signal known as an “inverted yield curve.” This occurs when the yield on the 10-year Treasury falls below the yield on a short-term Treasury, such as the 3-month T-bill. That is unusual. Normally, longer-term bonds pay investors a richer yield in exchange for tying up their money for a longer period.

    Inverted yield curves generally mean that investors foresee a recession that will compel the Fed to slash rates. Inverted curves often predate recessions. Still, it can take 18 to 24 months for a downturn to arrive after the yield curve inverts.

    Ever since July, the yield on the two-year Treasury note has exceeded the 10-year yield, suggesting that markets expect a recession soon. And just this week, the three-month yield also temporarily rose above the 10-year, an inversion that has an even better track record at predicting recessions.

    ———

    WHO DECIDES WHEN A RECESSION HAS STARTED?

    Recessions are officially declared by the obscure-sounding National Bureau of Economic Research, a group of economists whose Business Cycle Dating Committee defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

    The committee considers trends in hiring as a key measure in determining recessions. It also assesses many other data points, including gauges of income, employment, inflation-adjusted spending, retail sales and factory output. It puts heavy weight on jobs and a measure of inflation-adjusted income that excludes government support payments like Social Security.

    Yet the NBER typically doesn’t declare a recession until well after one has begun, sometimes for up to a year.

    ———

    DON’T A LOT OF PEOPLE THINK WE”RE ALREADY IN A RECESSION?

    Yes, because many people now feel much more financially burdened. With wage gains trailing inflation for most people, higher prices have eroded Americans’ spending power.

    And the Fed’s rate hikes have helped send the average 30-year fixed mortgage rate surging above 7% this week, the highest level in two decades. It has more than doubled from about 3% a year ago, thereby making homebuying increasingly unaffordable.

    ———

    DOES HIGH INFLATION TYPICALLY LEAD TO A RECESSION?

    Not always. Inflation reached 4.7% in 2006, at that point the highest in 15 years, without causing a downturn. (The 2008-2009 recession that followed was caused by the bursting of the housing bubble).

    But when it gets as high as it has this year — it reached a 40-year peak of 9.1% in June — a downturn becomes increasingly likely.

    That’s for two reasons: First, the Fed will inevitably sharply raise borrowing costs when inflation gets that high. Higher rates then drag down the economy as consumers are less able to afford homes, cars, and other major purchases.

    High inflation also distorts the economy on its own. Consumer spending, adjusted for inflation, weakens. And businesses grow uncertain about the future economic outlook. Many of them pull back on their expansion plans and stop hiring, which can lead to higher unemployment as some people choose to leave jobs and aren’t replaced.

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  • AP sources: Musk in control of Twitter, ousts top executives

    AP sources: Musk in control of Twitter, ousts top executives

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    Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Thursday night.

    The people wouldn’t say if all the paperwork for the deal, originally valued at $44 billion, had been signed or if the deal has closed. But they said Musk is in charge of the social media platform and has fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Neither person wanted to be identified because of the sensitive nature of the deal.

    A few hours later, Musk tweeted, “the bird has been freed,” a reference to Twitter’s logo.

    The departures came just hours before a deadline set by a Delaware judge to finalize the deal on Friday. She threatened to schedule a trial if no agreement was reached.

    Although they came quickly, the major personnel moves had been widely expected and almost certainly are the first of many major changes the mercurial Tesla CEO will make.

    Musk privately clashed with Agrawal in April, immediately before deciding to make a bid for the company, according to text messages later revealed in court filings.

    About the same time, he used Twitter to criticize Gadde, the company’s top lawyer. His tweets were followed by a wave of harassment of Gadde from other Twitter accounts. For Gadde, an 11-year Twitter employee who also heads public policy and safety, the harassment included racist and misogynistic attacks, in addition to calls for Musk to fire her. On Thursday, after she was fired, the harassing tweets lit up once again.

    Musk’s changes will be aimed at increasing Twitter’s subscriber base and revenue.

    In his first big move earlier on Thursday, Musk tried to soothe leery Twitter advertisers saying that he is buying the platform to help humanity and doesn’t want it to become a “free-for-all hellscape.”

    The message appeared to be aimed at addressing concerns among advertisers — Twitter’s chief source of revenue — that Musk’s plans to promote free speech by cutting back on moderating content will open the floodgates to more online toxicity and drive away users.

    “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk wrote in an uncharacteristically long message for the Tesla CEO, who typically projects his thoughts in one-line tweets.

    He continued: “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

    Musk has previously expressed distaste for advertising and Twitter’s dependence on it, suggesting more emphasis on other business models such as paid subscriptions that won’t allow big corporations to dictate policy on how social media operates. But on Thursday, he assured advertisers he wants Twitter to be “the most respected advertising platform in the world.”

    The note is a shift from Musk’s position that Twitter is unfairly infringing on free speech rights by blocking misinformation or graphic content, said Pinar Yildirim, associate professor of marketing at the University of Pennsylvania’s Wharton School.

    But it’s also a realization that having no content moderation is bad for business, putting Twitter at risk of losing advertisers and subscribers, she said.

    “You do not want a place where consumers just simply are bombarded with things they do not want to hear about, and the platform takes no responsibility,” Yildirim said.

    Musk said Twitter should be “warm and welcoming to all” and enable users to choose the experience they want to have.

    Friday’s deadline to close the deal was ordered by the Delaware Chancery Court in early October. It is the latest step in a battle that began in April with Musk signing a deal to acquire Twitter, then tried to back out of it, leading Twitter to sue the Tesla CEO to force him to go through with the acquisition. If the two sides don’t meet Friday’s deadline, the next step could be a November trial that could lead to a judge forcing Musk to complete the deal.

    But Musk has been signaling that the deal is going through. He strolled into the company’s San Francisco headquarters Wednesday carrying a porcelain sink, changed his Twitter profile to “Chief Twit,” and tweeted “Entering Twitter HQ — let that sink in!”

    And overnight the New York Stock Exchange notified investors that it will suspend trading in shares of Twitter before the opening bell Friday in anticipation of the company going private under Musk.

    Musk is expected to speak to Twitter employees directly Friday if the deal is finalized, according to an internal memo cited in several media outlets. Despite internal confusion and low morale tied to fears of layoffs or a dismantling of the company’s culture and operations, Twitter leaders this week have at least outwardly welcomed Musk’s arrival and messaging.

    Top sales executive Sarah Personette, the company’s chief customer officer, said she had a “great discussion” with Musk on Wednesday and appeared to endorse his Thursday message to advertisers.

    “Our continued commitment to brand safety for advertisers remains unchanged,” Personette tweeted Thursday. “Looking forward to the future!”

    Musk’s apparent enthusiasm about visiting Twitter headquarters this week stood in sharp contrast to one of his earlier suggestions: The building should be turned into a homeless shelter because so few employees actually worked there.

    The Washington Post reported last week that Musk told prospective investors that he plans to cut three quarters of Twitter’s 7,500 workers when he becomes owner of the company. The newspaper cited documents and unnamed sources familiar with the deliberation.

    Musk has spent months deriding Twitter’s “spam bots” and making sometimes contradictory pronouncements about Twitter’s problems and how to fix them. But he has shared few concrete details about his plans for the social media platform.

    Thursday’s note to advertisers shows a newfound emphasis on advertising revenue, especially a need for Twitter to provide more “relevant ads” — which typically means targeted ads that rely on collecting and analyzing users’ personal information.

    Yildirim said that, unlike Facebook, Twitter has not been good at targeting advertising to what users want to see. Musk’s message suggests he wants to fix that, she said.

    Insider Intelligence principal analyst Jasmine Enberg said Musk has good reason to avoid a massive shakeup of Twitter’s ad business because Twitter’s revenues have taken a beating from the weakening economy, months of uncertainty surrounding Musk’s proposed takeover, changing consumer behaviors and the fact that “there’s no other revenue source waiting in the wings.”

    “Even slightly loosening content moderation on the platform is sure to spook advertisers, many of whom already find Twitter’s brand safety tools to be lacking compared with other social platforms,” Enberg said.

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