More Wall Street Firms Are Flip-Flopping on Climate. Here's Why. - The New York Times - 0 views
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In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues.
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Wall Street’s retreat from earlier environmental pledges has been on a slow, steady glide path for months, particularly as Republicans began withering political attacks, saying the investment firms were engaging in “woke capitalism.”
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But in the past few weeks, things accelerated significantly. BlackRock, the world’s largest asset manager, scaled back its involvement in the group. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects
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Mistral, the 9-Month-Old AI Startup Challenging Silicon Valley's Giants - WSJ - 0 views
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Mensch, who started in academia, has spent much of his life figuring out how to make AI and machine-learning systems more efficient. Early last year, he joined forces with co-founders Timothée Lacroix, 32, and Guillaume Lample, 33, who were then at Meta Platforms’ artificial-intelligence lab in Paris.
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hey are betting that their small team can outmaneuver Silicon Valley titans by finding more efficient ways to build and deploy AI systems. And they want to do it in part by giving away many of their AI systems as open-source software.
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Eric Boyd, corporate vice president of Microsoft’s AI platform, said Mistral presents an intriguing test of how far clever engineering can push AI systems. “So where else can you go?” he asked. “That remains to be seen.”
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Why has the '15-minute city' taken off in Paris but become a controversial idea in the ... - 0 views
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he “15-minute city” has become a toxic phrase in the UK, so controversial that the city of Oxford has stopped using it and the transport minister has spread discredited conspiracy theories about the urban planning scheme.
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while fake news spreads about officials enacting “climate lockdowns” to “imprison” people in their neighbourhoods, across the Channel, Parisians are enjoying their new 15-minute neighbourhoods. The French are stereotyped for their love of protest, so the lack of uproar around the redesign of their capital is in stark contrast to the frenzied response in Oxford.
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Moreno has been working with the Paris mayor, Anne Hidalgo, to make its arrondissements more prosperous and pleasurable to live in. He says there are 50 15-minute cities up and running, with more to come.
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Opinion | How China is ironically driving a key new U.S.-Pacific alliance - The Washing... - 0 views
Mike Johnson's Ukraine Moment - WSJ - 0 views
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Mr. Biden has abdicated his obligation to build bipartisan support for U.S. assistance to Ukraine. He has made no show of outreach to the Republicans who have voted for U.S. support to Ukraine.
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Voters hold Presidents responsible for trouble on their watch, and they know Mr. Biden has framed the fight in Ukraine as an inflection point in history in the struggle between freedom and autocracy. The White House is so far indicating that it won’t abide a trade on natural gas, but is the President’s election-year LNG sop to the climate lobby really worth an historic blow to U.S. credibility if Ukraine falls to Mr. Putin?
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n the end we hope he will let the House work its will in a floor vote on the Senate’s aid bill. House Republicans can rightly sell the vote as a down payment on U.S. rearmament on everything from 155mm ammunition to Patriot missiles. Ditto for more funding for Israel’s air defenses and Taiwan that is also part of the Senate bill thanks to Republicans like Alaska’s Dan Sullivan.
China Feels Boxed In by the U.S. but Has Few Ways to Push Back - The New York Times - 0 views
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President Biden’s effort to build American security alliances in China’s backyard is likely to reinforce the Chinese leader Xi Jinping’s view that Washington is leading an all-out campaign of “containment, encirclement and suppression” of his country. And there is not much Mr. Xi can do about it.
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To China, Mr. Biden’s campaign looks nothing short of a reprise of the Cold War, when the world was split into opposing blocs. In this view, Beijing is being hemmed in by U.S. allies and partners, in a cordon stretching over the seas on China’s eastern coast from Japan to the Philippines, along its disputed Himalayan border with India, and even across the vast Pacific Ocean to a string of tiny, but strategic, island nations.
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The summit ended with agreements to hold more naval and coast guard joint exercises, and pledges of new infrastructure investment and technology cooperation. It builds on a groundbreaking defense pact made at Camp David last August between Mr. Biden and the leaders of Japan and South Korea, as well as on plans unveiled last year to work with Australia and Britain to develop and deploy nuclear-powered attack submarines.
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Bernanke review is not about blame but the Bank's outdated practices - 0 views
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Bernanke’s 80-page assessment, the result of more than seven months’ work, is the most comprehensive independent analysis of a big central bank’s performance since an inflationary crisis hit the world economy in early 2022. He offers a dozen recommendations for change at the Bank, the strongest of which is for the MPC to begin publishing “alternative scenarios” that show how its inflation forecasts stand up in extreme situations, for example in the face of an energy price shock.
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The review lays bare how the Bank and its international peers all failed to model the impact of the huge energy price shock that followed Russia’s invasion of Ukraine in early 2022, the disruption in global trade during the pandemic after 2020 and how workers and companies would respond to significant price changes.
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In choosing Bernanke, one of the most respected central bankers of his generation, to lead the review, the Bank has ensured that his findings will be difficult to ignore. The former Fed chairman carried out more than 60 face-to-face interviews with Bank staff and market participants and sat in on the MPC’s November 2023 forecasting round to assess where the Bank’s forecasts and communication were failing short, from the use of computer models to the role played by “human judgment”.
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Trump Killed Not Just the Libertarian Party But Maybe the Libertarian Movement Too - 0 views
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Though libertarianism as a political philosophy will continue, there is no longer anything resembling a coherent libertarian movement in American politics. That’s because the movement still bearing its name is no longer recognizably libertarian in any meaningful sense of the term. Nor can it still claim to be a political movement, which implies an association organized around not just a consistent set of ideas but a distinct political identity
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For over a decade now, since Trump has dominated the national stage, longstanding disagreements have boiled over into a complete schism. There are those who have effectively become adjuncts of MAGA, and some who have gone firmly in the opposite direction, while others took a stance more akin to anti-anti-Trump voices who neither endorse nor firmly oppose the former president but train their ire toward those opposing Trump.
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requires tracing internal libertarian disputes that began long before the rise of Trump. In some ways, they are a microcosm of similar developments in the American intellectual landscape writ large
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