Industrialist Elon Musk has criticized work-from-home arrangements, claiming it was unfair to employees who cannot access such options while at the same time being less productive compared to working from an office. “The laptop class is living in la la land,” Musk said in an interview with CNBC on May 16. The billionaire insisted that…
Ex-First Republic CEO Blames Failure on Collapse of Other Regional Banks, Says Regulators Did Not Raise Warnings
Former First Republic CEO, Michael Roffler, testified before House lawmakers on Wednesday, revealing that his bank fell victim to the widespread panic that ensued following the collapse of Silicon Valley Bank on March 10 and Signature Bank two days later. The events that unfolded as a result were beyond their control, he said. “No one…
Former First Republic CEO Blames Failure on Other Banks’ Collapse, Says Regulators Didn’t Raise Warnings
Former First Republic CEO Michael Roffler told House lawmakers on May 16 that the California bank fell victim to the widespread panic caused by the collapse of Silicon Valley Bank on March 10 and Signature Bank two days later. The events that unfolded as a result were beyond First Republic’s control, he said. “No one…
Fox News Responds to Rumors of ‘Ambitious’ New Schedule After Tucker Carlson Exit
A Fox News spokesperson responded to rumors and reports claiming that the network is slated to make sweeping changes to its primetime lineup, including one asserting that Sean Hannity will take over the 8 p.m. ET timeslot after Tucker Carlson’s sudden exit last month. “No decision has been made on a new primetime line-up and…
Musk Warns There’s a Chance AI ‘Goes Wrong and Destroys Humanity’
May 17, 2023
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Tesla CEO Elon Musk has issued yet another warning about the potential dangers of artificial intelligence (AI)—namely, that it could destroy humanity. In a May 16 interview with CNBC anchor David Faber, the tech tycoon noted that the future of AI could go one of two ways. “There’s a strong probability that it will make…
Maryland Public School Sues Social Media Companies For Sparking Mental Health Crisis
May 17, 2023
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A Maryland public school board said it is filing a legal claim against Facebook, Instagram, TikTok, Snapchat, and YouTube, for negatively affecting the mental health of young students. Prince George’s County Public Schools (PGCPS) filed a nearly 200-page lawsuit against the social media companies for allegedly targeting children with apps that were designed to be addictive,…
Labour Will Allow Housebuilding on Green Belt, Says Starmer
Labour would give local areas the power to build houses on the green belt where development would not take away from the beauty of the countryside, the party leader has said. Sir Keir Starmer signalled on Wednesday that reforms such as allowing for some development of green belt land would be introduced should his party…
Ford Recalls 310,000 Trucks to Fix Problem With Driver’s Front Air Bag
DETROIT—Ford is recalling more than 310,000 trucks in the United States because the driver’s front air bag may not inflate in a crash. The recall covers certain F-250, F-350, F-450, and F-550 Super Duty trucks from the 2016 model year. The company says dust can accumulate in a cable inside the steering wheel, interrupting the…
‘Taco Tuesday’ Trademark Tiff Flares Anew Between Fast Food Competitors
CHEYENNE, Wyo.—Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to “Taco Tuesday” for Taco John’s to be able to have exclusive rights to the phrase, Taco Bell asserts in…
Cryptocurrency Trading Should Be Regulated as Gambling, Says UK Treasury Committee
A UK government committee has suggested cryptocurrencies pose risk for consumers, serve no social purpose, consume large amounts of energy, and are used by criminals for fraud, and as such should not be regulated as financial services. The Treasury Committee called on May 17 for unbacked crypto assets to be regulated as gambling, given their…
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