Category: News and Views

Egg prices remain high during Easter holiday due to avian bird flu and inflation | Fast Company

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Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand, and growing costs for farmers.

It’s the second year in a row consumers have faced sticker shock ahead of Easter and Passover, both occasions in which eggs play prominent roles.

While global prices are lower than they were at this time last year, they remain elevated, said Nan-Dirk Mulder, a senior global specialist with Dutch financial firm RaboBank’s RaboResearch Food and Agribusiness division. Mulder doesn’t expect them to return to 2021 levels.

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MIT researchers propose a new way to measure climate change: outdoor days | Fast Company

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Minnesota officially just had its warmest winter on record. Some residents probably enjoyed the break from shoveling snow, but many Midwesterners found it ominous to comfortably jog outdoors in late January. It could turn out to be a fluke—just a particularly strong El Niño—or it could be a harbinger of things to come, particularly after the hottest global summer on record. Either way, a professor at MIT wants more people to start thinking about climate change in terms of how it will radically alter seasonality as we know it.

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Plumbing Shortage Crisis Means Great Opportunity | Small Biz Trends

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Young people are shunning plumbing as a career option. The number of plumbers retiring is outweighing the number of new plumbers. Research commissioned by bathroom fittings manufacturers, Lixil Americas, shows that the shortage of plumbers in the United States cost the economy around $33 billion in 2022. The report estimates that by 2027, the nation will be short of around 550,000 plumbers.

Enrollment at trade schools has fallen. The apprenticeship rate for young people wanting to be trained in skilled trade work like plumbing dropped by 49% in 2022 compared to 2020, according to data from the recruitment platform Handshake.

Plumbing shortages across the United States is having negative consequences on households and the economy, including driving up costs for plumbing services. Not being able to call on a professional plumber can also have negative implications on businesses, such as their ability to expand into new buildings. The shortfall of plumbers can also delay flood recovery efforts and building upgrades so that water systems are more efficient.

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Fed holds interest rates steady but signals cuts ahead | BBC

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The US central bank has left its key interest rate unchanged again, while it looks for more evidence that inflation is coming under control.

The decision kept the target range for the Federal Reserve’s influential rate in the range of 5.25%-5.5%, the highest in more than two decades.

The Fed is debating whether higher borrowing costs have done enough to ease the pressures pushing up prices.

Officials said they still expected to cut rates by the end of the year.

But after raising borrowing costs aggressively in response to soaring prices in 2022, the bank is proceeding cautiously.

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Freeze remains on strict new immigration law in Texas | BBC

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An appeals court has kept a freeze in place on a Texas immigration law, one of the toughest of its kind, in a case being closely watched across the US.

The legislation would allow officials in Texas to detain and prosecute anyone they think has entered the country illegally, superseding federal powers.

The law briefly came into force on Tuesday for a few hours during a legal back and forth between courts.

A US appeals court heard arguments in the case on Wednesday morning.

The three-judge panel appeared split on whether the law can remain in place while its constitutionality is being challenged in court.

They issued no ruling on the case on Wednesday, and it is unclear when they will do so.

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Nvidia and Qualcomm join Open Source Robotics Alliance to support ROS development | TechCrunch

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The Open Source Robotics Foundation (OSRF) this week announced the launch of the similarly named Open Source Robotics Alliance (OSRA). The new initiative is designed to maintain development for and maintenance of open source robotics projects, with a particular focus on the OSRF’s own robot operating system (ROS).

First released in 2007 by erstwhile Bay Area incubator Willow Garage, ROS has played a foundational role in robotics development for decades. In a show of support, Nvidia and Qualcomm have both signed on as “Platinum” members for the new alliance, along with Alphabet’s X spinout Intrinsic.

“Nvidia develops with ROS 2 to bring accelerated computing and AI to developers, researchers, and commercial applications,” Nvidia VP Gordon Grigor notes in a release tied to the news. “As an inaugural platinum member of OSRA, we will collaborate to advance open-source robotics throughout the ecosystem by aiding development efforts and providing governance and continuity.”

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After raising $1.3B, Inflection is eaten alive by its biggest investor, Microsoft | TechCrunch

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In June 2023, Inflection announced it had raised $1.3 billion to build what it called “more personal AI.” The lead investor was Microsoft.

Today, less than a year later, Microsoft announced that it was essentially eating Inflection alive (though I think they phrased it differently).

Co-founders Mustafa Suleyman and Karén Simonyan will go to Microsoft, where the former will head up the newly formed Microsoft AI division, along with “several members” of their team as Microsoft put it — or “most of the staff,” as Bloomberg reports it. Reid Hoffman will stay behind with new CEO Sean White to try to salvage what’s left of the company, which, I feel I have to repeat, raised $1.3 billion dollars 9 months ago and $225 million in mid-2022.

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FCC has finally redefined which internet speeds are ‘broadband’ | Mashable

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Do you remember Ajit Pai? The former FCC Chairman handpicked by then-president Donald Trump? You know, the one who was infamous for drinking out of a giant Reese’s coffee mug and…oh yeah, killing net neutrality?

In 2021, when he was on the way out of the agency, Pai declared that a paltry 25 megabits per second (mbps) minimum speed requirement for broadband in the U.S. was more than enough for Americans.

Now, just 3 years, one new U.S. President, and a new Chairman of the FCC later…the FCC is finally redefining what speeds classify as “broadband.”

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Dollar General will remove self-checkout from 300 stores to prevent shoplifting | CNN Business

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Dollar General is backing away from the self-checkout trend in retail.

The company is pulling out self-checkout stands in 300 stores that have the highest levels of shoplifting and merchandise losses. In 9,000 other stores, Dollar General is converting some or all of its self-checkout registers to regular checkout with cashiers. And in another 4,500 or so stores, Dollar General is limiting self-checkout to purchases of five items or less.

Dollar General said the moves will help it reduce shrink — the retail industry term for shoplifting, employee theft, damaged products, administrative errors, online fraud and other factors. Dollar General has skeleton staffing levels in stores and is more vulnerable to shoplifting and other merchandise losses than many other retailers, retail analysts say.

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How do we solve a problem like Boeing? | CNN Business

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It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. It’s taken less than six years to undo it all and leave the once-great American company facing an uncertain future.

Regulators, airlines, fliers and even Boeing’s own workers are practically in revolt after a series of mid-flight disasters and a steady erosion of the company’s quality standards. Investors are none too thrilled, either: Boeing’s stock (BA) is down 27% for the year, making it the second-worst performer in the S&P 500, behind Tesla.

The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. But the accounts from passengers are hardly flattering at a moment when Boeing is already under federal investigation for the Jan. 5 door-plug blowout.

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