China tariffs could cost American households $1,000 per year, JPMorgan says
- New York (CNN Business) - President Donald Trump and his advisers insist their trade war with China won't hurt American consumers.
- The tariffs Trump has already imposed on China are estimated to cost the average American household $600 per year, according to a report by JPMorgan Chase.
- The estimates show how Trump is playing with fire by expanding the trade war with China to include tariffs on a wide swath of consumer goods, including video game consoles, TVs and apparel.
- That includes food items such as peanuts, meats and cheese, a significant amount of footwear imports from China, apparel such as gloves and scarves, and consumer tech products like smart speakers, printers and TVs. It's vitally important that the trade war avoids infecting consumer spending, which accounts for the bulk of the American economy.
Russian company accused of attempting to interfere in the 2016 election could face trial in April
- Washington (CNN) - Concord Management and Consulting, the Russian company charged with attempting to interfere in the 2016 election, is poised to go to trial in April 2020, a full year after the end of the Mueller investigation.
- The company's defense lawyers and prosecutors from the DC US Attorney's office suggested that date during a court hearing Tuesday morning.
- Eric Dubelier, a defense attorney for Concord, said he hadn't thought through whether the court should use a written questionnaire to suss out potential jurors' biases before they gather for the trial.
- He can't tell if potential jurors will come to court knowing Russia interfered in the 2016 election, or if they have no idea about the Russian interference investigated by Mueller, he said.
Illegal tournaments and rejected visas: Team Vietnam’s long road to the PUBG Nations Cup
- The scene was vastly different three months earlier when Leviz was denied the chance to compete at FACEIT Global Summit, one of the biggest PUBG tournaments to date, after his visa was rejected by the British High Commission in New Delhi.
- Team Vietnam — comprised of Refund Gaming’s Trần “Nhism” Thái Linh; Cerberus Esports’ Ngoc “BAsill” Bao An; as well as Leviz and Sapauu, who compete for Divine Esports and Sky Gaming Daklak, respectively — made their way to Seoul for the Nations Cup knowing they had less experience and resources than most other teams there.
- So succeeding at the inaugural PUBG Nations Cup, which is effectively the World Cup of the game, is an accomplishment that could turn people’s attention to players like Leviz and Sapauu, possibly encouraging major teams within and outside Vietnam to consider recruiting them.
The algorithms that detect hate speech online are biased against black people
- In one study, researchers found that leading AI models for processing hate speech were one-and-a-half times more likely to flag tweets as offensive or hateful when they were written by African Americans, and 2.2 times more likely to flag tweets written in African American English (which is commonly spoken by black people in the US).
- Researchers then applied this test data into a larger algorithmic model run using natural language processing on 56 million tweets and saw that these biases were only further reinforced.
- Sap’s study also tested the bias in these data sets as applied to an open source hate speech detecting tool for developers that’s run by Jigsaw, a subsidiary of Alphabet (Google’s parent company).
- Researchers found that data run through PerspectiveAPI showed a significant bias against African American speech, labeling those tweets as toxic more often.
White House considered payroll tax cut amid economic concerns, despite public bluster
- Washington (CNN) - White House officials at one point in recent days were discussing the possibility of a potential payroll tax cut to stave off an economic slowdown.
- Despite saying publicly that the economy is fine and they have no concerns about a recession, the conversations reveal how White House officials are discussing ways to boost confidence in the economy.
- Former President Barack Obama, who was seeking re-election in 2012, signed a bill extending a payroll tax cut for workers and unemployment benefits as part of the administration's economic recovery plan following the financial crisis.
- The country's debt has been piling higher under the Trump administration in part due to a $1.5 trillion tax cut signed into law in 2017 along with a massive spending package passed by Congress.
- The White House's Office of Management Budget has predicted that the deficit will exceed $1 trillion for the entire fiscal year, which ends on September 30.
A former Amazon employee hacked the credit card data of 100 million Americans
- New York state has launched an investigation into what happened at Capital One. Uncovering and explaining how our digital world is changing — and changing us.
- A hacker obtained private credit card data on 100 million Americans in a massive data breach that on Tuesday became the subject of a new probe by the state of New York.
- The bank Capital One disclosed that in March, a hacker breached its infrastructure and accessed personal information, including 140,000 of its customers’ and applicants’ Social Security numbers.
- Most notably, 150 million Americans saw their sensitive data leaked in a hack of the credit reporting company Equifax in 2017.
- In recent years, the data of hundreds of millions of people has been leaked or hacked from companies like Marriott, Facebook, and Yahoo — whose hack ended up compromising more than 3 billion accounts when all was said and done.
The New York Times Magazine's 1619 Project takes a hard look at the American paradox of freedom and slavery
- The project, released online Wednesday and in print on Sunday, outlines its thesis: "No aspect of the country that would be formed here has been untouched by the years of slavery that followed." Through reported essays, longform articles and works of literature, the Project 1619 aims to deepen readers' understanding of American history.
- The idea was pitched in January by staff writer Nikole Hannah-Jones, who has a degree in African American studies and has spent her career writing about modern racial inequities and segregation, winning a MacArthur Grant -- also known as a "genius grant" -- for her work in 2017.
- Though the project has been in the works for months, its release comes as the Times finds itself fumbling with its coverage of race.
Marianne Williamson pledges to remove portrait of Andrew Jackson from the Oval Office
- Sioux City, Iowa (CNN) - Author Marianne Williamson pledged Monday to remove a portrait of President Andrew Jackson from the Oval Office if elected president, calling the portrait's current placement "one of the greatest insults" to Native Americans.
- Jackson, the nation's seventh president, long garnered praise as the son of immigrants who was elected to the highest office in the land after fighting in the War of 1812.
- But he also had harsh anti-Native American policies, including the Indian Removal Act of 1830.
- The act eventually led to the forced relocation of Native Americans from their native Georgia to Oklahoma, killing thousands of Cherokees along what became known as the Trail of Tears.
- For her part, Williamson reiterated her pledge after her remarks, telling reporters anyone with "just a base level of knowledge of American history" should be familiar with Jackson's role in the Trail of Tears.
The average US household spends over $2,000 on gas each year. Here's how many points that translates to with 3 popular credit cards
- If there's one thing I miss about driving a gas engine car, it's the bonus points I earned from my rewards credit cards.
- With an earning rate of 6 points per dollar spent at US gas stations, the Hilton Honors Surpass Card is a great option for gas purchases.
- Hilton Honors is one of the best hotel rewards programs in terms of earning free nights via paid stays and credit card spending.
- If you're a Hilton loyalist who wants to earn free nights faster, the Hilton Honors Surpass Card's 6x point bonus at US gas stations is the way to go.
- Finally, for those looking for straightforward rewards that you don't have to transfer to different travel partners, the 5 points (or 4.25% cash back) from the Penfed Platinum Rewards Visa is the best option for maximizing gas spending.
Why Elizabeth Warren's second attempt to solve her Native American problem is smart
- That "sorry" was part of Warren's broader attempt to put questions of her Native American heritage, which she had long claimed, to rest for a second time in the course of her presidential bid.
- Let's start by going back to last year when Warren, clearly preparing for a presidential bid, released a five-minute video in which she is shown going back to her home state of Oklahoma to track down whether or not she did, in fact, have Native American ancestors.
- Warren's approach this time around, which culminated with her Monday speech to the forum hosted by Four Directions, a Native American voting rights group, is drastically different than the relatively facile way she and her campaign tried to tackle the issue last year.
- To be clear: Nothing Warren said Monday -- or anything she will say in the course of the presidential primary fight in the coming months -- will keep Trump from attacking her about her Native American heritage.