Bruce Lehrmann has launched defamation actions against media outlets Ten Network and News Corp. Australia’s News Life Media for their coverage of his trial over rape allegations. Journalists Lisa Wilkinson and Samantha Maiden were also named in his statement of claim, which was filed in the Federal Court on Feb. 7. Lehrmann received intense media…
Lehrmann Files Defamation Suit Against Ten, News Corp, and Wilkinson
US Banks Race to Attract Consumer Deposits After Record-High Exodus
February 8, 2023
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American banks are chasing consumers to open new accounts, after a massive exodus of deposits over the past year led to a drain in capital. U.S. banks borrowed a total of $120 billion through the federal funds market on Jan. 27, the largest single day record since 2016, The Wall Street Journal reported. The problem began…
Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
February 8, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/SINGAPORE—Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.37 percent, heading back towards the nine-month high it hit in…
Delta Is Raising Pay as Airlines Cope With Travel Rebound
ATLANTA—Delta Air Lines said Tuesday it will raise pay for its non-union employees by 5 percent on April 1 and increase a pool used for merit raises. Among those getting the increases will be flight attendants, who have been the target of several close organizing campaigns by unions. The raises are far more modest than…
Microsoft Incorporates AI Technology Into Its Search Engine Bing
February 7, 2023
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Microsoft is incorporating artificial intelligence (AI) chatbot technology into its search engine Bing and its browser Edge. The company made the announcement at a press event on Tuesday at its Redmond headquarters in Washington. Bing and Edge will be powered by an upgraded version of the AI technology that’s the hallmark of ChatGPT, the conversational service…
AMC to Charge More for Good Seats in Movie Theaters
NEW YORK—Middle seats at many U.S. movie theaters just got more expensive. AMC Theaters, the nation’s largest movie theater chain, on Monday unveiled a new pricing scheme in which seat location determines how much your movie ticket costs. Seats in the middle of the auditorium will cost a dollar or two more, while seats in…
Elon Musk Names Obscure Agency as ‘Worst Offender’ in US Government Censorship
February 7, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketscensorshipCompaniesElon MuskFeatured TopicsGlobal Engagement CenterMedia & Big TechUSUS News
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Twitter CEO Elon Musk has pointed to a little-known government agency as the “worst offender” in terms of U.S. government censorship and media manipulation, alleging that it flagged Twitter accounts for suppression based on dubious criteria like promoting the lab leak theory of COVID-19 origins. In a series of tweets on Tuesday, Musk named the…
Warner, Rubio Question Facebook’s Zuckerberg Over China’s Access to User Data
February 7, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsChinaChinese RegimeCompaniescongressFacebookFeatured TopicsMedia & Big TechPoliticsSocial MediaTechUSUS NewsUS-China relationsuser dataZuckerberg
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Senate Intelligence Committee Chairman Mark Warner (D-Va.) and Vice Chairman Marco Rubio (R-Fla.) sent a letter (pdf) to Meta CEO Mark Zuckerberg on Monday, questioning him about crucial data Meta’s Facebook platform shared with developers in China in recent years. Warner and Rubio alleged, based on past reporting and company documents, that Facebook has known that…
Boeing to Slash 2,000 Jobs, ‘Streamlining’ Will Include Work Outsourced to India
American aviation firm Boeing intends to lay off two thousand jobs this year as part of a reduction in certain support services, with a part of the work shifted to India, after the firm had earlier committed to hiring 10,000 workers in 2023. “We expect about 2,000 reductions primarily in Finance and HR through a…
Boeing Plans to Cut About 2,000 Finance and HR Jobs in 2023
SEATTLE—Boeing plans to make staffing cuts in the aerospace company’s finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said. “We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement Monday. “While no one has been…
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