Beyoncé caused Sweden inflation bump, expert says
Published Fri, 27 Dec 2024 05:30:33 GMT
Crazy In … Flation. American superstar singer Beyoncé, who launched her world tour with a concert in Stockholm on May 10, is partially responsible for the rise of inflation in the country in May, a senior economist at one of the top Nordic banks said.Monthly inflation increased by 0.3 percentage points in Sweden from April to May, data published Wednesday from Statistics Sweden shows.The hike was in part due to an increase in “a broad set of goods and services, for instance hotel and restaurant visits” and “recreational services,” which include concert tickets. According to Michael Grahn, Danske Bank’s chief economist in Sweden, Beyoncé’s concerts in the Swedish capital are partly to blame.“Beyonce’s start of her world tour in Sweden seems to have colored May inflation, how much is uncertain, but probably 0.2 p.p. of the 0.3 p.p. that hotels/restaurants added,” Grahn said. “We expect this upside surprise to be reversed...Facial recognition emerges as AI rulebook’s make-or-break issue
Published Fri, 27 Dec 2024 05:30:33 GMT
Forget ChatGPT: The battle brewing over artificial intelligence in Brussels is about facial recognition. On Tuesday, the European Parliament’s plenary passed its version of the Artificial Intelligence Act after two years of wrangling. The text — backed by a coalition of Socialists and Democrats, center-right Christian Democrats of the EPP, liberals from Renew, and Greens — passed by a large margin, with 499 lawmakers giving it their final approval, 28 voting against and 93 abstaining. Yet until the very end, one issue threatened to scupper the deal: The Parliament’s text, as presented, would ban facial recognition.The Parliament wants to crack down on the use of facial recognition in public places, an area considered one of artificial intelligence’s riskiest uses.AIs powering facial-recognition cameras (and tools designed to identify individuals relying on other biometric indicators) are dogged by biases, sometimes struggling to tell non-white people apart, for in...State police: Quincy man charged with OUI, fleeing scene after crashing pickup truck into home
Published Fri, 27 Dec 2024 05:30:33 GMT
A 35-year-old man is facing multiple charges, including a count of operating under the influence, after he allegedly crashed a pickup truck into a home in Quincy early Wednesday morning.Massachusetts State Police said Sean Lehane was arrested after troopers responded to a report of a vehicle crashing into a house on Furnace Brook Parkway.No one in the home was injured when the driver of a 2016 Ford F150 crashed into it, according to MSP spokesperson David Procopio. Authorities also found a light post at the scene had been knocked down, as well.According to Procopio, a preliminary investigation found the truck had struck a curb and then the light pole before going through the homeowner’s fence and into the house, causing structural damage.Troopers went on to learn from a witness that after the crash, the driver, later identified as Lehane, got out of the F150 and ran down the street and into a wooded area some 200 yards away from the scene.Quincy police officers moved to enter ...Elizabeth Warren demands Justice Department closely scrutinize PGA Tour’s Saudi deal
Published Fri, 27 Dec 2024 05:30:33 GMT
New York (CNN) — Democratic Sens. Elizabeth Warren and Ron Wyden are calling on the Justice Department’s antitrust division to inspect the controversial partnership between the PGA Tour and the Saudi Arabian Public Investment Fund.In a letter to senior DOJ officials on Tuesday, Warren and Wyden argued the deal will allow Saudi Arabia to “sportswash” its “egregious human rights record” and would violate multiple provisions of antitrust law.“The PGA-LIV deal would make a U.S. organization complicit — and force American golfers and their fans to join this complicity – in the Saudi regime’s latest attempt to sanitize its abuses by pouring funds into major sports league,” Warren and Wyden wrote in the letter, which was addressed to Attorney General Merrick Garland and Jonathan Kanter, the assistant attorney general for the antitrust division,The PGA Tour shocked the world last week by announcing that both PGA and the European-based DP World Tour will partner with...General manager of electrical company pleads guilty to defrauding Boston rail operator
Published Fri, 27 Dec 2024 05:30:33 GMT
BOSTON (AP) — The general manager of a Massachusetts-based electrical company has pleaded guilty to his role in a fake invoicing scheme that cheated the contractor that runs the Boston-area’s commuter rail system out of more than $4 million.John Rafferty, 69, of Hale’s Location, New Hampshire, pleaded guilty Tuesday to conspiracy to commit wire fraud, according to federal prosecutors.Rafferty was the general manager of LJ Electric, Inc., which completed work for Keolis Commuter Services — the company that has operated the Massachusetts Bay Transportation Authority’s commuter rail network since 2014.Under the scheme, Rafferty spent millions of dollars between July 2014 and November 2021 on at least nine trucks, construction equipment including at least seven Bobcat machines, home building supplies and services, and a $54,000 camper, prosecutors said. The items were for his alleged accomplice — John Pigsley, a former assistant chief engineer for Keolis — as well as h...In blow to Russian LGBTQ+ community, lawmakers weigh a bill banning gender transitioning procedures
Published Fri, 27 Dec 2024 05:30:33 GMT
By DASHA LITVINOVA (Associated Press)TALLINN, Estonia (AP) — Russian lawmakers gave initial approval Wednesday to a bill that would outlaw gender transitioning procedures in yet another blow to the country’s beleaguered LGBTQ+ community.Senior lawmaker Pyotr Tolstoy, who is among the bill’s sponsors, has said it is intended to “protect Russia with its cultural and family values and traditions and to stop the infiltration of the Western anti-family ideology.”Russia’s LGBTQ+ community has been under growing pressure for a decade as President Vladimir Putin and the Russian Orthodox Church embarked on a campaign to preserve what they deem the country’s “traditional values.”The bill bans any “medical interventions aimed at changing the sex of a person,” as well as changing one’s gender in official documents and public records. Russian transgender people and LGBTQ+ rights advocates contacted by The Associated Press de...At least 79 migrants dead and dozens feared missing after fishing vessel sinks off Greece
Published Fri, 27 Dec 2024 05:30:33 GMT
KALAMATA, Greece — A fishing boat carrying migrants trying to reach Europe capsized and sank off Greece on Wednesday, authorities said, leaving at least 79 dead and many more missing in one of the worst disasters of its kind this year.Coast guard, navy and merchant vessels and aircraft fanned out for a vast search-and-rescue operation set to continue overnight. It was unclear how many passengers might still be in the water or trapped in the vessel, but some initial reports suggested hundreds of people may have been on board.Authorities said 104 people have been rescued so far after the boat sank overnight in international waters some 75 kilometers (45 miles) southwest of Greece’s southern Peloponnese peninsula. The spot is close to the deepest area of the Mediterranean Sea — and such depths could hamper any effort to locate a sunken metal vessel.Twenty-five survivors were hospitalized with symptoms of hypothermia.At the southern port of Kalamata, around 70 exhausted survivors bedded...'It's like disco meets Jurassic Park:' That's the vibe felt at this San Diego coffee shop
Published Fri, 27 Dec 2024 05:30:33 GMT
SAN DIEGO -- A local hotspot is serving up coffee in a prehistoric meets fantasy-style bistro in the East Village. In the eccentric atmosphere you'll see raptors, dragons, a T-Rex and even a pterodactyl hanging overhead at the counter. The Invigatorium, located at 631 Ninth Ave. in San Diego, is crafting coffee concoctions with roasted beans from Modern Times Coffee. 9 new food vendors making their San Diego County Fair debut On the menu you can, of course, find the classics like an Americano, flat white or Frappuccino. However, this coffee shop's spring menu is offering some quirky takes on coffee drinks.For instance, the Golden Super Basic is an oat milk latte served over ice with coconut, turmeric blends and ginger honey syrup, as explained by Fernando, a barista at The Invigatorium. Fernando explained to FOX 5 Wednesday morning why he thinks Modern Times beans are some of the best in all of San Diego."I think it's the ratio," he said. "It's 60% Guatemala, 40% natural Eth...Indian, Pakistani coasts on high alert a day before Cyclone Biparjoy is expected to make landfall
Published Fri, 27 Dec 2024 05:30:33 GMT
MANDVI, India (AP) — The coastal regions of India and Pakistan were on high alert Wednesday with tens of thousands of people being evacuated a day ahead of a cyclone’s expected landfall.The India Meteorological Department said Cyclone Biparjoy was packing sustained winds of up to 145 kilometers per hour (90 mph) and was projected to make landfall near Jakhau port in the Kutch district of India’s Gujarat state on Thursday.Residents living within 5 kilometers (3 miles) of the coast in Gujarat were evacuated, and those living within 10 kilometers (6 miles) may also have to leave, officials have said. Five people have been killed so far in incidents related to the cyclone, including three boys who drowned off Mumbai’s coast and a woman who was killed in an accident caused by strong winds in Gujarat. Rescuers were searching for another person who drowned off Mumbai.Experts say climate change is leading to an increase in cyclones in the Arabian Sea region, making preparations for na...Turkish leader says his economic views are same but he’ll accept finance minister’s approach
Published Fri, 27 Dec 2024 05:30:33 GMT
ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan said his economic policies have not changed but he suggested in comments published Wednesday that his finance minister will have leeway to move away from an unconventional approach that many have blamed for a worsening cost-of-living crisis.Erdogan, who was reelected to a third term last month, appointed Mehmet Simsek, an internationally respected banker who served in the Cabinet previously, as treasury and finance minister. He also picked Hafize Gaye Erkan, a former U.S.-based bank executive, to head the central bank, the first woman hold the role. While the appointments signaled a shift in the longtime Turkish leader’s views on how to stimulate the economy, lingering uncertainty over Erdogan’s position and an apparent move to loosen government controls of foreign currency exchanges led Turkey’s currency to plunge to record lows against the U.S. dollar last week.Erdogan said he had accepted Simsek’s request for a fresh ec...Latest news
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