In this week’s cartoon, KAL depicts the subject of Prigozhin’s death, which highlights the growing concern that Russia is a mafia state. The cartoon serves as a representation of the underlying tensions within the BRICS bloc and the souring public mood towards Ukraine’s sluggish counter-offensive.
Source: KAL’s cartoon
The Treasury bond market crash has created turmoil across financial markets, affecting stocks, foreign currencies, cryptocurrencies, commodities, and the housing market. As traders drop long-duration US bonds, yields are skyrocketing, leading to a decline in the S&P 500 and Nasdaq. The rise in yields has triggered a surge in the US dollar and weakened foreign currencies. Cryptocurrencies and non-interest-bearing assets like gold have taken a hit. Industrial metals, such as copper, aluminum, and zinc, have also declined. Additionally, mortgage rates have risen, impacting home-buying activity. Meanwhile, while oil is less affected by bond market swings, the strengthening dollar is pressurizing crude prices.
The United Auto Workers (UAW) union, led by President Shawn Fain, has taken a bold approach in negotiating new contracts with General Motors, Ford, and Stellantis. With a strike that began on September 15, the UAW…
Laphonza Butler becomes California’s new senator, accepting the position after Governor Gavin Newsom offered it. She recognizes the honor of serving in the seat previously held by Dianne Feinstein and hopes to contribute to the country during a time of crisis.
Corporate leaders face the challenge of managing Gen Z talent in the midst of return-to-office efforts. A recent survey by KPMG revealed CEOs’ desire to have employees working from the office full-time within three years. However, millennials have different definitions of success and are not interested in the traditional career ladder. Incentives, such as raises or promotions for those who choose to work at the office, may be an effective approach. It’s essential to make the office an appealing place that offers unique opportunities for creativity and growth. Christina Wootton of Roblox suggests providing experiences that workers cannot get from home.
In 2021, Mark Zuckerberg’s interest in AI was sparked by a conversation with Google CEO Sundar Pichai. Zuckerberg began educating himself on AI after learning about Facebook’s unknown AI breakthrough. Despite previous ventures in cryptocurrency and the metaverse, Zuckerberg has now shifted his company’s focus to AI, marking it as Meta’s biggest investment area. Meta has positioned itself as a leader in the AI field and has embraced an open-source approach to AI development.
Hollywood’s actors have approved a contract to end their strike after nearly four months, signaling the end of a tumultuous year for the entertainment industry. The deal, which received a 78% approval, brings relief to SAG-AFTRA leaders and allows the industry to return to normal. The issue of artificial intelligence was a major point of contention during the negotiations, but the agreement ultimately passed. This contract sets a precedent for future negotiations as the industry navigates the changing landscape of streaming services.
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