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Bill Ackman posts 4,000-word screed on Harvard claiming ‘DEI is racist’

Billionaire Bill Ackman posted a 4,000-word essay arguing that his alma mater’s policies on diversity, equity and inclusion, or DEI, are “the root cause of antisemitism” at the Ivy League school — even as he called for an overhaul of its governing board. Hours after celebrating Harvard President Claudine Gay’s resignation , Ackman shared to X at 2:03 a.m. Wednesday that it wasn’t just the nearly 50 allegations of plagiarism against the embattled administrator that concerned him, but also concerns that “DEI is racist.” “The E for ‘equity’ in DEI is about equality of outcome, not equality of opportunity,” wrote Ackman, the 57-year…

Labor could raise welfare payments for cost-of-living relief without stoking…

Addressing competition issues and increasing unemployment benefits and pensions are ways the Albanese government could tackle cost-of-living pressures, but they would have to be coupled with savings to avoid reigniting inflation, economists say. The prime minister, Anthony Albanese , on Wednesday said he had asked Treasury and the finance department to develop “further propositions” for providing cost-of-living relief by the May budget. “[W]hat are the measures that can take pressure off families on cost-of-living without putting pressure on inflation. That’s the key issue here,” Albanese said in Sydney at his first press…

'Darkest before dawn': Another tough year for office REITs but opportunities…

Photo: The Canadian Press It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be some decent entry points for some companies in the beaten-down sector for long-term investors. Office space available in downtown Calgary, Alta., Wednesday, April 13, 2016. THE CANADIAN PRESS/Jeff McIntosh It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. “We are in a 'darkest before dawn' scenario heading into 2024 for office REITs — there is no…

Technology Driving EV Batteries for a Second Life: A Cost-Effective Sustainable…

The electric vehicle (EV) revolution is here. As EV production continues to grow, battery technology is at the center of it all. Making up 30 – 40% of the cost of the entire vehicle, the battery component is grabbing attention from owners (source: Electric Vehicle Battery Costs Soar – IER (instituteforenergyresearch.org) . As the highest valued part of the EV, many owners and potential buyers are concerned about what happens when the battery starts to degrade, even when the rest of the vehicle is functioning properly. A new EV battery can provide hundreds of miles of range and save on fuel costs, but what happens when the battery…

Feldman: The New York Times has an edge in suit against OpenAI

The lawsuit filed by The New York Times against OpenAI and Microsoft for copyright infringement pits one of the great establishment media institutions against the purveyor of a transformative new technology. Symbolically, the case promises a clash of the titans: labor-intensive human newsgathering against pushbutton information produced by artificial intelligence. But legally, the case represents something different: a classic instance of the lag between established law and emerging technology. Copyright law, a set of rules that date back to the printing press, was not designed to cover large language models (LLMs) like ChatGPT. It…