Investments and Business

Auto Insurance Spike Hampers the Inflation Fight

Auto Insurance Spike Hampers the Inflation Fight

Related media - Linked media Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour. One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example. Motor vehicle insurance rose 1.4 percent on a monthly basis in January alone and has risen 20.6 percent over the past year, the largest jump since 1976. It has been a huge hit for those driving the roughly 272 million private…
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China Has Thousands of Navalnys, Hidden From the Public

China Has Thousands of Navalnys, Hidden From the Public

Linked media - Connected media After watching “Navalny,” the documentary about the Russian opposition leader Aleksei A. Navalny, a Chinese businesswoman messaged me, “Ren Zhiqiang is China’s Navalny.” She was talking about the retired real estate tycoon who was sentenced to 18 years in prison for criticizing China’s leader, Xi Jinping. After Mr. Navalny’s tragic death this month, a young dissident living in Berlin posted on X, “Teacher Li is closest to the Chinese version of Navalny.” He was referring to the rebel influencer known as Teacher Li, who used social media to share information about protests in China and…
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Boeing Faces Justice Dept. Review Over Max 9 Incident

Boeing Faces Justice Dept. Review Over Max 9 Incident

Connected media - Associated media The Justice Department review was reported earlier by Bloomberg. The episode in January reignited the intense scrutiny and criticism that Boeing faced after crashes in Indonesia in late 2018 and Ethiopia in early 2019 killed a combined 346 people. The Max 8 and Max 9 were banned from flying globally days after the second crash. Since the jetliners started flying again in late 2020, they have carried out several million flights worldwide. The weight of the crisis appeared to be lifting before the January incident. A preliminary report from the National Transportation Safety Board suggested…
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FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

Related media - Related media The meeting on Tuesday, which took place at the F.A.A.’s headquarters in Washington, came two weeks after Mr. Whitaker toured Boeing’s 737 plant in Renton, Wash. During his visit, Mr. Whitaker spoke with Boeing engineers and mechanics to try to get a better sense of the safety culture at the factory. The F.A.A. said after his visit that Mr. Whitaker planned to discuss what he saw during his visit when he met with Boeing executives in Washington. On Monday, the F.A.A. released a report by a panel of experts that found that Boeing’s safety culture…
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Divisions Among Finance Ministers Flare Over Seizing Russian Assets

Divisions Among Finance Ministers Flare Over Seizing Russian Assets

Connected media - Connected media “While we should act together and in a considered way, I believe there is a strong international law, economic, and moral case for moving forward,” Ms. Yellen said. But Mr. LeMaire, who spoke just a few hours ahead of a private meeting with Ms. Yellen, pushed back on that assertion. “We don’t have the legal basis to seize the Russian assets and we should never act if we don’t obey by the international law and by the rule of law,” Mr. Le Maire said, according to a recording of his remarks. Western officials have been…
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Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Associated media - Connected media WilmerHale, a prominent U.S. law firm, is close to wrapping up a detailed review of OpenAI’s chief executive, Sam Altman, and his ouster from the artificial intelligence start-up late last year, two people with knowledge of the proceedings said. The investigation, when complete, could give insight into what went on behind the scenes with Mr. Altman and OpenAI’s former board of directors, which fired him on Nov. 17 before reinstating him five days later. OpenAI, which is valued at more than $80 billion, has led a frenzy over A.I. and could help determine the direction…
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Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’

Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’

Associated media - Linked media When Ye and Ty Dolla Sign asked last month for permission to sample Donna Summer’s 1977 song “I Feel Love,” the disco singer’s estate firmly told them no. Yet when their joint LP, “Vultures 1,” was released weeks ago, a song with strong similarities to Summer’s famous tune was there on the track list. A copyright infringement lawsuit detailing that timeline was filed against Ye, the rapper once known as Kanye West, and Ty Dolla Sign on Tuesday by Summer’s husband and executor, Bruce Sudano. Summer, known as the “Queen of Disco,” had three consecutive…
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U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs

U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs

Associated media - Associated media The Biden administration announced on Thursday that it was proposing new regulations for how airlines must treat passengers in wheelchairs, an effort aimed at improving air travel for people with disabilities. Under the proposed rule, damaging or delaying the return of a wheelchair would be an automatic violation of an existing federal law that bars airlines from discriminating against people with disabilities. The Transportation Department said that change would make it easier for the agency to penalize airlines for mishandling wheelchairs. The proposed regulations would also require more robust training for workers who physically assist…
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Biden Calls Chinese Electric Vehicles a Security Threat

Biden Calls Chinese Electric Vehicles a Security Threat

Related media - Connected media The Treasury Department has already proposed rules meant to limit China’s ability to supply materials for cars and trucks that qualify for a $7,500 electric vehicle tax credit included in Mr. Biden’s signature climate bill. The Commerce Department investigation announced on Thursday grew from a series of conversations that administration officials had with automakers last fall, after the settlement of a United Automobile Workers strike during which Mr. Biden stood with the union and joined a picket line. The carmakers told administration officials about the restrictions they faced selling in China, including on software. Biden…
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F1 Teams Sauber and AlphaTauri Get New Names

F1 Teams Sauber and AlphaTauri Get New Names

Connected media - Related media The names of both teams have been criticized, with some fans taking to social media. “Stake F1 Team Kick Sauber might be the worst name for a team in F1 history,” a fan wrote on X, formerly known as Twitter. “When you try something new, and when you have a team name that is different from other team names, it’s always easy to be critical,” Alunni Bravi said. “Of course, there was criticism from those close to the Sauber name, and maybe they expected something different. “Maybe we went too extreme, but we wanted to…
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