Skip to main content
Business

The ‘fancy financing’ used to draw Lionel Messi to Miami over Saudi’s $1.5B offer

Media Landscape

See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this data
Left 0% Center 0% Right 0%
Bias Distribution Powered by Ground News

In a shocking score for Major League Soccer, superstar Lionel Messi reportedly turned down $1.5 billion from Saudi Arabia’s oil coffers to play for Inter Miami, the struggling MLS team co-owned by David Beckham. Messi’s deal may be less lucrative on paper than what the Saudis offered but comes with plenty of perks.

Though the deal is not yet finalized, MLS promoted the arrival of the GOAT and reigning World Cup champion Wednesday.

“It looked like, at least initially, like there’s no way that MLS would be able to have the sort of money needed to pry away a player like Messi for the sort of money that the Saudis had already shown they were willing to pull up for [Cristiano] Ronaldo,” said Victor Matheson, a sports economist and professor at the College of the Holy Cross.

But Matheson said MLS engaged in some “fancy financing” to draw in Messi, just as they had done with Beckham more than 15 years earlier. Messi’s deal reportedly includes team ownership stake when he’s done playing, relaxed salary rules and competitive commercial partnerships with Apple and Adidas.

Apple has exclusive rights to air MLS games for years to come in a 10-year, $2.5 billion deal. And now, it appears that Messi could get a chunk of revenue sharing from the tech giant, in addition to Apple TV+ airing a 4-part documentary series about the superstar.

“What’s really interesting is the only other soccer player that we can actually think of who has been linked to a deal like this is no other than David Beckham,” Matheson said.

“We see a case here where money doesn’t necessarily buy everything,” Matheson said. “We’re looking at that full package with Messi saying, ‘Do I need to associate with the Saudis in order to get what’s going to be the best deal for me?'”

The answer, evidently, is no. Matheson said Messi risked tarnishing his brand by going to Saudi Arabia.

“He is, without question, one of the greatest players ever to play the game,” Matheson said. “And I think he thought…’It could tarnish my long-term earning capacity. I’m only going to be playing for a few more years as an actual player, but I could be a brand ambassador for decades. Last thing I want to do is tarnish that decades of brand ambassadorship by taking a job at the end of my career at a place that clearly has troubling associations.'”

It’s an association that professional golf has decided to risk, with an LIV-PGA merger that is being challenged by U.S. politicians.

Watch the full interview with Victor Matheson in the video above.

Tags: , ,

SIMONE DEL ROSARIO: SOCCER SUPERSTAR LIONEL MESSI SHOCKED THE WORLD THIS WEEK, ANNOUNCING HE’S TURNING DOWN MORE THAN A BILLION DOLLARS FROM SAUDI ARABIA TO PLAY INSTEAD IN…MIAMI. THE REIGNING WORLD CUP CHAMPION WILL BRING HIS GOAT SKILLS TO STRUGGLING MLS TEAM INTER MIAMI, OWNED BY NONE OTHER THAN DAVID BECKHAM. TO TALK ABOUT THE BIG SCORE AND THE DEETS BEHIND THE DEAL, I’M JOINED BY SPORTS ECONOMIST VICTOR MATHESON, PROFESSOR OF ECONOMICS AT COLLEGE OF THE HOLY CROSS IN MASSACHUSETTS. Victor, how shocked were you to hear that one of the greatest soccer players of all time was turning down a contract from the Saudis reportedly worth more than $400 million per year to come to Major League Soccer, which, as we know, on a global scale, is just not one to usually score this kind of talent.

VICTOR MATHESON: Well, so Messi had been linked with MLS for many years prior to this. But in the last couple of years, we had seen that gigantic contract go to Christian Ronaldo to go play in Saudi Arabia. And so it looked, at least initially, like there’s no way that MLS would be able to have the sort of money needed to pry away a player like Messi for the sort of money that the Saudis had already shown they were willing to pull up for Ronaldo. 

SIMONE DEL ROSARIO: Yeah, and we know the Saudis are not really happy with this development. And they’ve warned messy, you know, this deal is not going to be the same in a couple of years. If you change your mind, as you mentioned, paying him was a difficult challenge for anyone. He wanted to go back to Barcelona, but they couldn’t pay him again. And the Saudis were offering the world as far as compensation was concerned, 

we see that MLS and inter Miami got creative on this one, I know that the deal is not final. But here are the things that have been floated an ownership stake after playing commercial partnerships with Apple and Adidas, and no salary restrictions. How unusual is this deal structure in sports in the US?

VICTOR MATHESON: So what’s really interesting is the only other soccer player that we can actually think of who has been linked to a deal like this is no other than David Beckham. Right? So David Beckham came to the United States about 15 years ago, again, probably one of the three biggest highest profile players ever to play in the United States. That would be Pele back in the 1970s, Beckham, and then, of course, Messi. And what Beckham got, as part of his deal is not only the largest salary paid to any MLS player, but he also got the rights to an ownership of a club at some point in the future. And he turned those rights into Miami, right, which is now going out and hiring Messi. So it looks like this is a sort of full circle deal. We see exactly what happened to Beckham 15 years ago. And it looks like this will be the same sort of offer being made to Messi now.

SIMONE DEL ROSARIO: There was so much hype back in 2007 when Beckham came over everyone saying that this was going to change the landscape of MLS. Do you think that it did that back then? And how would you compare the potential impact of Messi being here now.

VICTOR MATHESON: So it absolutely changed things it put United States on the map in terms of professional soccer, we’ve already kind of been on the map in terms of international soccer, but it put Major League Soccer on the map for sure. This was a league that had gone from 12 teams down to 10 teams, a couple teams had been contracted, including the Miami team that had been playing there earlier. And this was a gigantic jolt. He attracted gigantic crowds all across the United States. It was an actual player that non soccer fans could identify playing in the United States. And what we saw from the basically the moment that Beckham came, we saw a whole slew of new investors coming into the into the league. We’ve gone from a league of 10 teams when Beckham came into the league to to a league with 20 over 25 teams. So he’s been there’s almost no under estimating how big an impact Beckham had. Now, in terms of Messi, he’s coming into a league that’s already extremely well established. I don’t think he has to be the same sort of ambassador for the sport that Pele was back in the 1970s with the old NASL or that Beckham was for the early days of MLS. I think he’ll just be an extremely popular player who, who crowds are going to turn out for sure. Miami has already talked about installing as many new seats as they can in their temporary stadium before moving to a new stadium here and you know, it’ll be a gigantic boost for the individual team. It’s not clear that MLS needs that same shot in the arm that it did back when Beckham.

SIMONE DEL ROSARIO: Yeah, to your point as far as the teams are concerned, MLS is going to be the fastest major league sports in the US to grow to 30 teams. They’re going to do it in under three decades and the next closest was the end NBA, which took twice as long to get to 30 teams. So you’re right, Messi is really going into an avenue that has already been seeing tremendous growth. I’m curious more about this commercial aspect of his deal. You know, I was thinking about where have we seen that push to compensate players in a more commercial way before. And we’re really seeing it in the NIL, which obviously those athletes don’t get paid by the schools. So they’re looking at marketability in which school they go to. But with this Apple deal, especially now that the MLS is experimenting with this, do you think we’re going to be seeing this more in other sports?

VICTOR MATHESON: We certainly could, although again, most other sports have deeper pockets in MLS. And you can pay, for example, a LeBron James or you can pay a Patrick Mahomes directly out of revenues being generated by the sport rather than having to come up with some sort of fancy financing to afford a player of messy stature. I also suspect that these sort of, again, NIL deals but this isn’t an IRL deal. This is just a flat out sponsorship deal, is the sort of thing that attracted Messi to the United States instead of Saudi Arabia, he did take the risk of going to Saudi Arabia and tarnishing his brand, which is undeniably the best brand in modern soccer. He’s, he’s without question. One of the greatest players ever to play the game. And I think he thought, look, for I could take a few 100 million dollars a day, money that I don’t need. I’m already the highest paid athlete in the world. But it could tarnish my long term earning capacity. I’m only going to be playing for a few more years as an actual player, but I could be a brand ambassador for decades. Last thing I want to do is tarnish that decades of brand ambassadorship by taking a job at the end of my career at a place that clearly has a troubling kind of troubling associations.

SIMONE DEL ROSARIO: Yeah, Victor, that’s such a good point. It’s obviously not the path that Cristiano Ronaldo made. And he used to be one of the, you know, biggest players out there as far as endorsements went, but there is a question about when you go to Saudi Arabia to play for them. What are you compromising? What kind of blow Do you think this does deliver to the Saudis?

VICTOR MATHESON: Well, I think we see a case here where you know, money doesn’t necessarily buy everything. And we’re looking at kind of that full package with Messi saying, Do I need to associate with the Saudis in order to get what’s going to be the best deal for me? On the other hand, we’ve seen exactly the opposite thing with golf right? Where we have a potential merger coming between live golf against sponsored by the Saudis and the PGA. I think a lot of the golf professionals that stayed in PGA didn’t want that association either. But at least based on preliminary toxic merger here, sometimes it’s just too hard to resist that huge amount of money that’s coming in from the Middle East. Same thing with FIFA again placing the World Cup in Qatar last year.

SIMONE DEL ROSARIO: Yeah, mixed bag for Saudi Arabia this week when it comes to their efforts to really grow in sports sports economist Victor Matheson, professor of economics at College of the Holy Cross in Massachusetts. Really appreciate your insight today. Thank you.

VICTOR MATHESON: Well, thank you for having me.

U.S.

4-day school week’s popularity could backfire on rural schools


The hallways are empty, rooms are dark and chairs are on top of desks at Weeping Water High School on Mondays. Students do not arrive until Tuesday.

Weeping Water Public Schools in eastern Nebraska is one of a growing number of districts across the country that have switched to a four-day school week. The move is seen as a way to attract and retain teachers, who are increasingly in demand.

Kevin Reiman, the superintendent of Weeping Water Public Schools, said the decision to switch to a four-day week was made after the district struggled to hire teachers.

“We were at a financial disadvantage to get the best adults to come work with our kids because of our funding,” Reiman said. “We thought this would be a way to level the playing field.”

The switch to a four-day week has been successful in attracting teachers, Reiman said. The district has seen an increase in the number of applications for teaching positions, and teachers are now more likely to stay in the district for longer periods of time.

However, the four-day school week is not without its challenges. Reiman said the district has had to increase the length of the school day to make up for some of the fifth day. Because the district still loses some teaching time, teachers have had to make some changes to the curriculum to ensure that students are still learning the same amount of material each year.

The four-day school week is becoming increasingly popular across the country. According to the Four-Day School Week Policy group at Oregon State University, there are now over 850 school districts in the United States that have transitioned to the shorter week. In 2019, there were 650, according to the researchers.

It seems more school districts in metropolitan areas are considering switching to a four-day school week. Dr. Chris Fiedler, the superintendent of 27J Schools in Brighton, Colorado, said his district transitioned to the shorter school week in 2018 after struggling to hire teachers.

“We are an extremely fast growing district,” Fiedler said. “We hire between 150 and 200 new teachers a year. So it matters, right?”

Fiedler said the four-day school week has been a success for the district in terms of teacher recruitment.

“I don’t want anyone around us to make that move,” Fiedler said. “Because eventually, if everyone’s on a four-day week, that is not an advantage for us.”

As more urban schools show interest in the shortened school week as a recruitment tactic, it will not only create more competition in those highly populated areas, but it could also eliminate the incentive for teachers to go to those more rural schools.

Researchers in the Four-Day School Week Policy group said the shorter week also hurts student achievement.

Tags: ,

SHANNON LONGWORTH: “ON MONDAYS, AT WEEPING WATER HIGH SCHOOL, THE HALLWAYS ARE EMPTY, ROOMS ARE DARK, AND CHAIRS ARE ON DESKS –

THAT’S BECAUSE STUDENTS WON’T ARRIVE UNTIL TUESDAY.”

KEVIN REIMAN: “THIS IS OUR FIRST FULL YEAR OF A FOUR DAY SCHOOL WEEK, WE STARTED THE TRANSITION LAST MAY”

KEVIN REIMAN IS THE SUPERINTENDENT OF WEEPING WATER SCHOOL DISTRICT IN EASTERN NEBRASKA. WITH 30 STUDENTS IN EACH GRADE, THIS RURAL SCHOOL HAS TRANSITIONED TO SHORTER WEEKS.

REIMAN: “I BROUGHT IT TO THE BOARD AS THIS IS A POSSIBLE WAY FOR US TO RETAIN AND RECRUIT TEACHERS, BECAUSE WE CAN’T COMPETE AGAINST THE BIG SCHOOLS AND THE FINANCIAL RESOURCES.”

TURNS OUT – IT WORKED.

TEACHER APPLICATIONS INCREASED THIS YEAR.

EVEN FOR SUBJECTS THAT’RE TYPICALLY HARDEST-TO-FILL–LIKE MATH.

REIMAN: “LAST YEAR, I WAS LUCKY TO GET ONE OR TWO APPLICANTS. I WAS UP TO FIVE OR SIX THIS YEAR.”

LONGWORTH: WHILE THE SHORTENED SCHOOL WEEK SUCCESSFULLY ATTRACTED CANDIDATES, IT DIDN’T COME WITHOUT CHALLENGES.

REIMAN: “I THINK THE BIGGEST ISSUE THAT WE HAD GOING INTO IT WAS WE INCREASED OUR DAY BY 20 MINUTES, AND SO IT ENDS UP BEING ABOUT 10 DAYS LESS.” / “WE SPENT A LOT OF TIME, THOSE FIRST COUPLE OF MONTHS REPACING ALL OF OUR COURSES BECAUSE WE NEEDED TO GET MORE CONTENT IN FEWER DAYS.”

REIMAN SAYS WEEPING WATER DIDN’T HAVE MUCH OF AN ISSUE WITH PARENTS NEEDING CHILDCARE, AS HIGH SCHOOLERS ARE ABLE TO BABYSIT YOUNGER CHILDREN…AND THE SCHOOL OFFERS A CARE PROGRAM ON MONDAYS WITH FINANCIAL ASSISTANCE.

STUDENTS WHO RELIED ON A SCHOOL-PROVIDED LUNCH FOR THAT FIFTH DAY CAN PARTICIPATE IN A PROGRAM THAT PROVIDES A BACKPACK FULL OF FOOD FOR THE THREE-DAY WEEKEND.

BY MOST ACCOUNTS – THE FOUR DAY SCHOOL WEEK IN WEEPING WATER HAS BEEN SUCCESSFUL IN ATTRACTING TEACHERS AND THE CONCEPT IS CATCHING ON ACROSS THE COUNTRY.

850 DISTRICTS ARE DOING IT–UP FROM 650 IN 2019, ACCORDING TO THE FOUR DAY SCHOOL WEEK POLICY GROUP AT OREGON STATE UNIVERSITY.

AND IT SEEMS MORE SCHOOLS IN METROPOLITAN AREAS ARE CONSIDERING THE SWITCH.

DR. CHRIS FIEDLER IS THE SUPERINTENDENT OF THE 27J SCHOOL DISTRICT IN BRIGHTON, COLORADO…ON THE OUTSKIRTS OF DENVER.

THEY MADE THE TRANSITION IN 2018 AFTER STRUGGLING TO HIRE TEACHERS.

CHRIS FIEDLER: “WE ARE AN EXTREMELY FAST GROWING DISTRICT, WE HIRE BETWEEN 150 AND 200 NEW TEACHERS A YEAR. SO IT MATTERS, RIGHT?” /

[29:43]

“WE WERE AT A FINANCIAL DISADVANTAGE TO GET THE BEST ADULTS TO COME WORK WITH OUR KIDS BECAUSE OF OUR FUNDING.”

LONGWORTH: FIEDLER SAYS THE FOUR-DAY SCHOOL WEEK HAS BEEN A SUCCESS DESPITE PARENTS’ INITIAL SKEPTICISM. IT’S GIVEN 27J A COMPETITIVE EDGE WITH RECRUITMENT.

FIEDLER: “I DON’T WANT ANYONE AROUND US TO MAKE THAT MOVE. RIGHT? BECAUSE EVENTUALLY IF EVERYONE’S ON A FOUR DAY WEEK THAT IS NOT AN ADVANTAGE FOR US AND I YOU KNOW, BE PROPONENT OF PUBLIC YET I WANT ALL ALL KIDS TO BE SUCCESSFUL. BUT I’VE GOT A SCHOOL DISTRICT TO RUN AND I WANT THE BEST TEACHERS FOR OUR KIDS ARE 27J.”

LONGWORTH: AS MORE URBAN SCHOOLS SHOW INTEREST IN THE SHORTENED SCHOOL WEEK AS A RECRUITMENT TACTIC, IT WILL NOT ONLY CREATE MORE COMPETITION IN THOSE HIGHLY POPULATED AREAS, BUT IT COULD ALSO ELIMINATE THE INCENTIVE FOR TEACHERS TO GO TO THOSE MORE RURAL SCHOOLS.

RESEARCHERS IN THE FOUR-DAY SCHOOL WEEK POLICY GROUP SAY THE SHORTER WEEK ALSO HURTS STUDENT ACHIEVEMENT. YOU CAN LEARN MORE ABOUT THE RESEARCH BY CHECKING OUT MY PREVIOUS REPORTING.

U.S.

The noxious weed swallowing the Sonoran Desert, sparking fire dangers


A sea of yellow is washing over large portions of the American Southwest. The beautiful yellow blooms began carpeting portions of California and Arizona after heavy storms this winter.

Pretty, but also problematic. The flowers belong to a noxious weed called “stinknet.” It speads quickly, chokes native plants, and most importantly, presents a massive fire danger.

“It’s just like a kindling carpet out there,” said Shawn Gilleland, a public information officer with Rural Metro Fire Department in Central Arizona. 

“It is probably the most prevalent danger. There’s also the side effect of causing a lot of irritation, and the allergies, people with allergies and asthma, stuff like that. But, as we’re coming into fire season, particularly, it poses a great threat because it’s a pre-emergent weed that comes out in late winter. So now as we enter the summer season and temperatures start to rise, especially here in Arizona and across the Southwest, all that stuff starts to die off. And because of its invasive growth, it’s everywhere. And so now you have a whole new source of fire fuel across the desert floor,” Gilleland said.

Stinknet is not native to the U.S. It was first found in Southern California in 1982, possibly carried over from South Africa or Australia. It was detected in the Phoenix area in 1997.

“It moves along road corridors, we think that it can be picked up on vehicles, or just on people’s clothing as they get in and out of vehicles. So, it’s very likely that our plants got here from Southern California from the infestation there. We find that in Phoenix, it’s actually spreading and being more of an issue than it has been in Southern California,” said Michael Chamberland, an agent in urban culture for the University of Arizona Maricopa County Cooperative Extension. 

“By the time people really started realizing how serious it was, it had really overrun a large portion of the Phoenix area,” Chamberland said. “It was first in the city and in the residential areas. But now we see it moving out into parks and natural areas and deserts around the city. And unfortunately, it’s also moving to other parts of Arizona, too.”

“One of the things that’s concerning about stinknet is that it has such a broad habitat, it can invade a wide variety of habitats. It can grow near the coast, it can grow in the mountain foothills, it can grow in valleys that are filled with grasslands. It can grow in disturbed areas, it can grow in natural wildland type, areas like your national parks or national forests,” said Chris McDonald, a natural resource adviser with the University of California Cooperative Extension. McDonald specializes in managing invasive plants.

“It was being monitored locally, and there were land managers who were trying to stop it. We call this early detection, rapid response. You try and find a new piece of species quickly, and then you rapidly respond to it by trying to control it. And that idea wasn’t necessarily as strong and prevalent as it is now. So, back when it was here in the 80s and 90s, people noticed it and they tried, but there wasn’t a large-scale effort with funding to try and help them eradicate it before it spread further. And on top of that, there was not a lot of research in North America, if any at all, on this plant,” McDonald said.

Stinknet germinates around October. As soon as it begins sprouting green leaves, it gives off a noxious odor, much like turpentine, hence its name. In winter, it blooms into beautiful yellow orbs that contain hundreds of seeds. Once the plants dry out at the beginning of summer, they become a ticking time bomb. 

“The unfortunate thing is we’re getting early monsoon-type activity, so dry lightning or lightning with just a very minimal amount of water or rain associated with it. So, that becomes, again, another hazard that we’ll be facing,” Gilleland said.

“There are several organizations starting at the federal level, the state level, the county level, and the city level, to deal with problems with invasive fire type plants that can cause the spread of forest fires,” Scottsdale City Councilwoman Betty Janik said.

Janik said the state is throwing money at the invasive weed swallowing the Sonoran Desert.

“In the past year and a half, we’ve gotten $350,000 for the Forestry and Fire Management Invasive Plant Program. And then we also got another $192,000, just in January, to get rid of invasive plants,” Janik said.

The councilwoman believes that getting rid of the plants might come down to using harsh chemicals, which is something she knows her constituents won’t be happy about. 

“I know they will be upset. I know they will be upset because we have a very, very active community in Scottsdale. And we’ve already had some criticism for using herbicides. And we’ve had quite a few complaints about the use of Roundup, asking us if we can find another way to do it. And the other problem, they will destroy any plants that come in contact with the herbicide So, it is a problem. It is a problem,” Janik said.

It’s a problem that needs to be addressed before stinknet spreads to more parts of the U.S.

Tags: ,

KARAH RUCKER: A SEA OF YELLOW IS WASHING OVER LARGE PORTIONS OF THE U-S SOUTHWEST. THESE BEAUTIFUL YELLOW BLOOMS BEGAN CARPETING PORTIONS OF CALIFORNIA AND ARIZONA AFTER HEAVY STORMS THIS WINTER.

 

PRETTY – BUT ALSO PROBLEMATIC. THESE FLOWERS BELONG TO A NOXIOUS WEED CALLED ‘STINKNET’. IT’S FAST SPREADING, CHOKES NATIVE PLANTS, AND ABOVE ALL IS A MASSIVE FIRE DANGER. 

 

SHAWN GILLELAND | RURAL METRO FIRE PIO, CENTRAL ARIZONA: “It’s just like, like a kindling carpet out there.”

 

SHAWN GILLELAND IS THE PUBLIC INFORMATION OFFICER WITH RURAL METRO FIRE DEPARTMENT IN CENTRAL ARIZONA. 

 

GILLELAND: “It is probably the most prevalent danger. There’s also the side effect of causing a lot of irritation, and the allergies, people with allergies and asthma, stuff like that. But, as we’re coming into fire season, particularly, it poses a great threat because it’s a pre-emergent weed that comes out in late winter. So now as we enter the summer season, and temperatures start to rise, especially here in Arizona, and across the Southwest, all that stuff starts to die off. And because of its invasive growth, it’s everywhere. And so now you have a whole new source of fire fuel across the desert floor.”

 

STINKNET IS NOT NATIVE TO THE U-S. IT WAS FIRST FOUND IN SOUTHERN CALIFORNIA IN 1981- POSSIBLY CARRIED OVER FROM SOUTH AFRICA OR AUSTRALIA. IT WAS DETECTED IN THE PHOENIX AREA IN 1997.

 

MICHAEL CHAMBERLAND | AGENT IN URBAN CULTURE FOR UNIVERSITY OF ARIZONA: “It moves along road corridors, we think that it can be picked up on vehicles, or just on people’s clothing as they get in and out of vehicles. So it’s very likely that our plants got here from Southern California from the infestation there. We find that in Phoenix, it’s actually spreading and being more of an issue than it has been in Southern California.”

 

MICHAEL CHAMBERLAND IS AN AGENT IN URBAN CULTURE FOR THE UNIVERSITY OF ARIZONA, MARICOPA COUNTY COOPERATIVE EXTENSION.

 

CHAMBERLAND: “By the time people really started realizing how serious it was, it had really overrun a large portion of the Phoenix area. It was first in the city and in the residential areas. But now we see it moving out into parks and natural areas and deserts around the city. And unfortunately, it’s also moving to other parts of Arizona too.”

 

CHRIS MCDONALD | NATURAL RESOURCE ADVISER, UNIVERSITY OF CALIFORNIA: “One of the things that’s concerning about stinknet is that it has such a broad habitat, it can invade a wide variety of habitats. So yeah, it can grow near the coast, it can grow in the mountain foothills, it can grow in valleys that are filled with grasslands. It can grow in disturbed areas, it can grow in natural wildland type areas like your national parks or national forests.”

 

CHRIS MCDONALD IS A NATURAL RESOURCE ADVISER WITH THE UNIVERSITY OF CALIFORNIA COOPERATIVE EXTENSIONS. HE SPECIALIZES IN MANAGING INVASIVE PLANTS.

 

MCDONALD: “It was being monitored locally. And there were land managers who were trying to stop it. We call this early detection, rapid response, like once something, you try and find a new piece of species quickly, and then you rapidly respond to it by trying to control it. And that idea wasn’t necessarily as strong and prevalent as it is now. So back when it was here in the 80s, and 90s, people noticed it, they tried, but there wasn’t kind of a large scale effort with, you know, funding to try and help them eradicate it before it spreads further. And on top of that, there was not a lot of research in North America, if any at all on this plant.”

 

STINKNET GERMINATES AROUND OCTOBER. AS SOON AS IT BEGINS SPROUTING GREEN LEAVES, IT GIVES OFF A NOXIOUS ODOR – MUCH LIKE TURPENTINE. HENCE ITS NAME. IN WINTER, IT BLOOMS INTO BEAUTIFUL YELLOW ORBS THAT CONTAIN HUNDREDS OF SEED. ONCE THE PLANTS DRY OUT AT THE BEGINNING OF SUMMER, THEY BECOME A TICKING TIME BOMB. 

 

GILLELAND: “The unfortunate thing is we’re getting early monsoon type activity. So dry lightning or lightning with just a very minimal amount of water or rain associated with it. So that becomes again, another hazard that we’ll be facing.”

 

BETTY JANIK | SCOTTSDALE CITY COUNCILWOMAN: “There are several organizations starting at the federal level, the state level, the county level, and the city level, to deal with problems with invasive fire type plants that can cause the spread of forest fires.”

 

SCOTTSDALE CITY COUNCILWOMAN BETTY JANIK SAYS THE STATE IS THROWING MONEY AT THE INVASIVE WEED SWALLOWING THE SONORAN DESERT. 

 

JANIK: “In the past year and a half, we’ve gotten $350,000 for the Forestry and Fire Management invasive plant program. And then we also got another $192,000, just in January to get rid of invasive plants.”

 

BUT JANIK SAYS GETTING RID OF THE PLANTS MIGHT COME DOWN TO USING HARSH CHEMICALS. SOMETHING SHE KNOWS HER CONSTITUENTS WON’T BE HAPPY ABOUT.  

 

JANIK: “I know they will be upset. I know they will be upset because we have a very, very active community in Scottsdale. And we’ve already

had some criticism for using herbicides./ And we’ve had quite a few complaints about the use of Roundup, asking us if we can find another way to do it. And the other problem / they will destroy any plants that come in contact with the herbicide etc. So, it is a problem. It is a problem.”

 

A PROBLEM THAT NEEDS TO BE ADDRESSED – BEFORE SPREADING TO MORE PARTS OF THE U-S. 

Tech

This AI tool may let news reporters get back to journalism ‘out there in the world’


A B2B SAAS company, HeyWire AI, is in the process of developing an AI news engine that could free up journalists to focus on original reporting. HeyWire AI founder and CEO Von Raees said the product is called Wells in honor of 19th century journalist Ida B. Wells.

Raees said that Wells will be able to automate aggregation, freeing up journalists to focus on more original stories.

Raees founded a publishing company in 1996 and that is where he noticed that aggregation was a drag on resources.

“Our journalists are spending a lot of time on the internet, looking for leads, researching stories, and then writing their own versions of that,” Raees said. “That takes away from them being out in the field doing like, true journalism, like original content, investigative work that’s out there in the world – not so much on the internet.”

“The purpose of Wells is to do the mundane work of research, finding leads, researching various stories, and generating articles from those stories, submitting that to editors for publishing,” Raees said. “If we allow Wells to take care of that, then journalists can actually be in the field, doing what they’re passionate about doing.”

Wells is still in development, but Raees hopes to launch it sometime in mid-2024. Raees said HeyWire AI has spoken with multiple national and local publishers about beta testing the engine.

“We’re going to spend some substantial amount of time and volume testing, testing, testing, trying to break it, see what we come up with, and make all of those changes and corrections, before we ever launch a product for general market,” Raees said.

The development of Wells comes at a time when smaller digital outlets continue to struggle competing with legacy media. AI tools like Wells can automate tasks like aggregation, freeing up resources to focus on better reporting.

An AP-NORC poll from early 2023 shows 57% of respondents found deeper reporting to be “very helpful” in trying to understand current events.

“Our intention is to sort of democratize the use of journalism tools, and empower small to medium size news organizations, and to enable small organizations like ourselves to, like our own publishing company, to be able to compete with the larger organizations on scales that they currently are not available to compete,” Raees said.

Wells is just one example of artificial intelligence tools that are entering newsrooms nationwide. Ultimately, it’s up to each newsroom to decide how comfortable they are with AI and how they will use it. The Radio Television Digital News Association has issued guidance encouraging newsrooms to consider these issues as AI inevitably enters the industry.

Tags: ,

SHANNON LONGWORTH: ARTIFICIAL INTELLIGENCE WILL SURELY PLAY MANY DIFFERENT ROLES IN THE FUTURE OF JOURNALISM.

EXPERIMENTS ABOUND–AND NOT JUST IN THE FORM OF CREEPY VIRTUAL ANCHORS.

ONE NEWS PUBLISHER IS DEVELOPING A.I. TO EASE THE BURDEN OF AGGREGATION.

VON RAEES: “IF IT’S ALREADY ON THE INTERNET, IT’S ALREADY BEEN DONE, SOMEBODY PUT IT THERE.”

LONGWORTH: VON RAEES FOUNDED A MEDIA COMPANY IN 1996 AND HE’D NOTICED THAT AGGREGATION WAS A DRAG ON RESOURCES IN DIGITAL NEWS, WHICH IS ALREADY STRUGGLING TO FIND A SUCCESSFUL BUSINESS MODEL.

RAEES: “OUR JOURNALISTS ARE SPENDING A LOT OF TIME ON THE INTERNET, LOOKING FOR LEADS, RESEARCHING STORIES, AND THEN WRITING THEIR OWN VERSIONS OF THAT. THAT TAKES AWAY FROM THEM BEING OUT IN THE FIELD DOING LIKE, TRUE JOURNALISM, LIKE ORIGINAL CONTENT, INVESTIGATIVE WORK THAT’S OUT THERE IN THE WORLD–NOT SO MUCH ON THE INTERNET.”

NEARLY ALL NEWS OUTLETS HAVE TEAMS TO SEARCH AND GATHER THE BIGGEST STORIES OF THE DAY, ORIGINALLY COVERED BY OTHER SOURCES. THIS CAN PROVIDE VIEWERS WITH MORE COMPREHENSIVE NEWS, IN ADDITION TO THEIR OWN REPORTING.

WE CAN’T ALL SEND REPORTERS TO BEIRUT, FOR EXAMPLE. [SOUND POP]

SO SOME AGGREGATING IN NEWS IS REQUIRED. BUT WITH LIMITED RESOURCES, THAT MAY NOT LEAVE ENOUGH MONEY, OR PEOPLE TO COVER ORIGINAL, MORE SUBSTANTIVE STORIES, WHICH DO COST MORE TO PRODUCE.

TO SOLVE THIS ISSUE IN HIS OWN PUBLISHING COMPANY, RAEES FOUNDED HEYWIRE AI, WHICH CREATED A FULLY AUTONOMOUS AI NEWS ENGINE.

IT’S CALLED WELLS–NAMED AFTER 19TH CENTURY JOURNALIST IDA B. WELLS.

RAEES: “THE PURPOSE OF WELLS IS TO DO THE MUNDANE WORK OF RESEARCH, FINDING LEADS, RESEARCHING VARIOUS STORIES, AND GENERATING ARTICLES FROM THOSE STORIES, SUBMITTING THAT TO EDITORS FOR PUBLISHING. IF WE ALLOW WELLS TO TAKE CARE OF THAT, THEN JOURNALISTS CAN ACTUALLY BE IN THE FIELD, DOING WHAT THEY’RE PASSIONATE ABOUT DOING.”

LONGWORTH: I ASKED RAEES HOW HE CAN BE SURE THAT WELLS IS ACCURATE.

BECAUSE I’VE TESTED CHATGPT AND BARD’S ABILITY TO WRITE ARTICLES…AND THEY SOMETIMES MAKE UP INFORMATION. HOW DO WE KEEP AN AUTOMATED NEWSROOM FROM SPREADING MISINFORMATION TO MASSIVE AUDIENCES?

RAEES: “THIS IS WHY OUR PATENT WAS 66 PAGES. BECAUSE WE SPENT A LOT OF TIME CREATING ARCHITECTURE FOR MULTIPLE REDUNDANT SYSTEMS.” / “IT RECHECKS TO MAKE SURE THERE’S NO HALLUCINATION GOING ON BY VERIFYING WITH MULTIPLE SOURCES, EVERY SINGLE FACT THAT’S IN THAT STORY. AND AFTER IT’S DONE ALL OF THAT, AND ENSURES THAT THERE’S NO HALLUCINATION, THAT’S WHEN IT GETS SUBMITTED TO EDITORS FOR PUBLISHING.”

RAEES SAYS EDITORS ARE STILL A PART OF THE PROCESS AS ANOTHER LAYER OF VERIFICATION. WELLS WOULD DO MOST OF THE WORK, BUT IT WON’T PUBLISH ARTICLES ON ITS OWN.

RAEES: “OUR INTENTION IS TO SORT OF DEMOCRATIZE THE USE OF JOURNALISM TOOLS, AND EMPOWER SMALL TO MEDIUM SIZE NEWS ORGANIZATIONS, AND TO ENABLE SMALL ORGANIZATIONS LIKE OURSELVES TO, LIKE OUR OWN PUBLISHING COMPANY, TO BE ABLE TO COMPETE WITH THE LARGER ORGANIZATIONS ON SCALES THAT THEY CURRENTLY ARE NOT AVAILABLE TO COMPETE.”

LONGWORTH: THE LOSS OF BUZZFEED NEWS AND VICE MEDIA’S BANKRUPTCY SHOW SMALLER DIGITAL OUTLETS CONTINUE TO STRUGGLE COMPETING WITH LEGACY MEDIA. AI TOOLS LIKE WELLS CAN AUTOMATE TASKS LIKE AGGREGATION, FREEING UP RESOURCES TO FOCUS ON BETTER REPORTING.

AN AP-NORC POLL FROM EARLY 2023 SHOWS 57% OF RESPONDENTS FOUND DEEPER REPORTING TO BE “VERY HELPFUL” IN TRYING TO UNDERSTAND CURRENT EVENTS.

RAEES SAYS HEYWIRE IS HOPING TO LAUNCH WELLS SOMETIME MID-2024

RAEES: “THERE ARE MULTIPLE NATIONAL AND LOCAL PUBLISHERS THAT WE’RE IN CONVERSATIONS WITH, TO PARTNER WITH FOR BETA TESTING. SO WE’RE GOING TO SPEND SOME SUBSTANTIAL AMOUNT OF TIME AND VOLUME TESTING, TESTING, TESTING, TRYING TO BREAK IT, SEE WHAT WE COME UP WITH, AND MAKE ALL OF THOSE CHANGES AND CORRECTIONS, BEFORE WE EVER LAUNCH A PRODUCT FOR GENERAL MARKET.”

LONGWORTH: I’M HUMAN REPORTER SHANNON LONGWORTH, ON THE A.I. BEAT FOR STRAIGHT ARROW NEWS.

U.S.

Florida solar city survives hurricanes, paves the way for sustainable living


Hurricane season is about to pick up steam again. As many communities in the U.S. are still picking up the pieces from last season, some are looking to learn lessons anywhere they can. 

In Florida, a place known as America’s first solar city has earned a reputation as the city that survived Hurricane Ian.

Babcock Ranch is a community 25 miles north of Fort Myers on Florida’s West Coast developed by Kitson & Partners.

CEO Syd Kitson was living in Babcock Ranch when Hurricane Ian blew through the area. 

“We had sustained winds over 100 miles an hour, and we had gusts of over 150 miles an hour. And if you’ve never experienced that, it’s like a freight train running through your house. And it lasted for eight hours,” Kitson said. “I think if you talk to most of the people here at Babcock Ranch, they will tell you that the thing that mattered most to them was the fact that the electricity never went out, the internet never went out. And that’s because we worked with Florida Power and Light for eight years, and put a system together,”

Kitson began developing Babcock Ranch 17 years ago. 

“I consider myself a strong environmentalist and I wanted to prove that a new city could work hand in hand with the environment,” Kitson said. 

The land deal to make Babcock happen remains the largest in state history. Kitson said the shape of the community formed by staying out of the wetlands as best as they could. 

“We ended up with 18,000 acres, and out of the 18,000 acres, we are preserving half of that. So really, at the end of the day, 90% of that original ranch is in preservation forever and might be what we’re most proud of,” Kitson said.

By partnering with Florida Power and Light, Kitson & Partners built a 150 megawatt solar power generating facility which included 700,000 panels on 840 acres.

“During the day, when the sun is shining, Babcock Ranch is powered by solar energy. The entire town. We had one of the first solar to battery facilities in the world that was built here 10 megawatts. The ultimate goal here would be for them to build a battery facility that actually can power this town through the night,” Kitson said.

Eventually, that solar energy will support 55,000 people in 20,000 homes and 6,000,000 square feet of commercial space.

“We have apartments here, we have single family rentals, we have townhouses, we have condos, we have single family homes, small lots, large lots, medium lots, you name it. And that’s what a town is all about. It’s that diversity that creates diversity of products, creates a diversity of people. And that’s what makes one of the things that makes this place special,” Kitson said.

As the community grows, so will the need for battery storage.

Dr. Jennifer Languell, the green building sustainable development resiliency adviser to Babcock Ranch, notes that battery technology is rapidly changing. And as those advances are made and implemented into the community, they also have built-in power redundancies, like being connected to a natural gas power plant. 

“For the builders, we really focus on efficiency, resource efficiency, and whether it’s energy efficiency, water efficiency or materials, and help them fine tune where they want to go with green building,” Languell said.

Sustainability is top of mind for developers as sea levels rise and storms continue to batter Florida.

“When we trained the builders, initially, we talked to them about durability. And we really wanted them to focus on durability, because Syd wanted a safe-from-the-storm type of community. He wanted people to be able to shelter in place,” Languell said.

Safety from coastal storms was Kitson’s main goal. So, he chose land that was naturally 30 feet above sea level, built the community around natural wetlands that prevent flooding, buried all power lines, and incorporated stormwater drains and retention ponds.

Kitson says location, coupled with ecological preservation, are crucial to future Florida residency. 

“It’s very, very important because, you know, as developers, we impact the land. We have impacts. And 1000 people a day are moving to Florida. A lot of that reason is because of the natural resources, our beaches, the water, the landscapes. They come down here because Florida is beautiful. If we destroy that, there’s going to be no reason for people to come down here. And we need to be thinking about our kids and our grandkids. And we truly need this to be sustainable and to get back in and make sure all this works in a proper way. So the kind of planning that we’re doing, the idea that we can work with nature, is incredibly important. And we’re proving that. And I’m hoping that because of that, that type of development will continue throughout the state of Florida, maybe even throughout the country. As we continue to grow, let’s do it the right way,” Kitson said.

Tags: , ,

KARAH RUCKER: HURRICANE SEASON IS ABOUT TO PICK UP STEAM AGAIN.  WITH MANY COMMUNITIES IN THE U-S STILL PICKING UP THE PIECES FROM LAST SEASON – SOME ARE LOOKING TO LEARN LESSONS ANYWHERE THEY CAN. 

 

AND IN FLORIDA – A PLACE KNOWN AS AMERICA’S FIRST SOLAR CITY – HAS NOW EARNED A REPUTATION AS THE CITY THAT SURVIVED HURRICANE IAN.

 

IT’S CALLED BABCOCK RANCH – A COMMUNITY 25 MILES NORTH OF FORT MYERS ON FLORIDA’S WEST COAST. 

 

SYD KITSON | CEO KITSON & PARTNERS: “I can tell you, I was here. And we had sustained winds over 100 miles an hour, and we had gusts of over 150 miles an hour. And if you’ve ever experienced that, it’s like a freight train running through your house and it lasted for eight hours. I think if you talk to most of the people here at Babcock Ranch, they will tell you that the thing that mattered, most of them was the fact that not the electricity never went out, the internet never went out. And that’s because we worked with Florida Power and Light for eight years, and put a system together.”

 

SYD KITSON IS CEO OF KITSON & PARTNERS. THEY BEGAN DEVELOPING BABCOCK RANCH 17 YEARS AGO. 

 

KITSON: “I consider myself a strong environmentalist. And I wanted to prove that a new city could work hand in hand with the environment.”

 

THE LAND DEAL TO MAKE BABCOCK HAPPEN REMAINS THE LARGEST IN STATE HISTORY. 

 

KITSON @ 3:30ish “We stayed out of the wetlands as best as we possibly could. So that’s kind of how the shape of it came into being. But we ended up with 18,000 acres, and out of the 8000 acres, we’re preserving half of that. So really, at the end of the day, 90% of that original Ranch is in preservation forever and might be what we’re most proud of.”

 

BY PARTNERING WITH FLORIDA POWER AND LIGHT, THEY WERE ABLE TO BUILD 150 MEGAWATT SOLAR POWER GENERATING FACILITY WHICH INCLUDED 700-THOUSAND PANELS ON 840 ACRES. IT TOOK EIGHT YEARS, WHICH WAS PAID FOR – AT LEAST IN PART – WITH TAXPAYER DOLLARS. 

 

KITSON: “During the day, when the sun is shining, Babcock Ranch is powered by solar energy, the entire town. And then we had a we had actually it was one of the first solar to battery facilities in the world that was built here 10 megawatts. The ultimate goal here would be for them to build a battery facility that actually can power this town through the night.”

 

EVENTUALLY, THAT SOLAR ENERGY WILL SUPPORT 55-THOUSAND PEOPLE IN 20-THOUSAND HOMES AND 6-MILLION SQUARE FEET OF COMMERCIAL SPACE. 

 

KITSON: “We have apartments here, or we have single family rentals. We have townhouses, we have condos, we have single family homes, small, lot, large lot, median lot, you name it, we have here. And that’s what a town is all about. It’s that diversity that creates diversity of products creates a diversity of people. And that’s what makes one of the things that makes this place special.”

 

AS THE COMMUNITY GROWS, SO TOO WILL THE NEED FOR BATTERY STORAGE. DR. JENNIFER LANGUELL IS THE GREEN BUILDING ADVISER TO BABCOCK RANCH. SHE NOTES THAT BATTERY TECHNOLOGY IS RAPIDLY CHANGING, AND THAT AS THOSE ADVANCES ARE MADE AND IMPLEMENTED – THE COMMUNITY ALSO HAS BUILT-IN POWER REDUNDANCIES, INCLUDING BEING TIED IN TO A NATURAL GAS POWER PLANT. 

 

  1. JENNIFER LANGUELL | BABCOCK RANCH SUSTAINABILITY ADVISER: “The builders, we really focus on efficiency, resource efficiency, and whether it’s energy efficiency, water efficiency or materials, and help them fine tune where they want to go with green building.”

 

AND AS SEA LEVELS CONTINUE TO RISE – AND STORMS CONTINUE TO BATTER FLORIDA – SUSTAINABILITY IS TOP OF MIND FOR DEVELOPERS.

 

LANGUELL: “When we trained the builders, initially, we talked to them about durability. And we really wanted them to focus on durability, because Sid wanted a safe from the storm type community. He wanted people to be able to shelter in place.”

 

SAFETY FROM COASTAL STORMS WAS KITSON’S MAIN GOAL. SO HE CHOSE LAND THAT WAS NATURALLY 30 FEET ABOVE SEA LEVEL, BUILT THE COMMUNITY AROUND NATURAL WETLANDS THAT PREVENT FLOODING, BURIED ALL POWER LINES AND INCORPORATED STORMWATER DRAINS AND RETENTION PONDS. KITSON SAYS LOCATION, COUPLED WITH ECOLOGICAL PRESERVATION, ARE CRUCIAL TO FUTURE FLORIDA RESIDENCY. 

KITSON: “It’s very, very important because, you know, as developers, we impact the land we have impacts and 1000 people a day are moving to Florida. A lot of that reason is because of the natural resources, our beaches, the water, the landscapes, I mean, they come down here, this floor is beautiful. If we destroy that, there’s gonna be no reason for people to come down here. And we need to be thinking about our kids and our grandkids and we truly need this to be sustainable and to get back in and make sure all this works in a proper way. So the kind of planning that we’re doing, the idea that we can work with nature is incredibly important. And we’re proving that. And I’m hoping that because of that, that type of development will continue throughout the state of Florida, maybe even throughout the country. As we continue to grow, let’s do it the right way.”

International

Report details persecution of Christians in NKorea, toddler given life in prison


A new report from the U.S. State Department sheds light on the ongoing religious persecution faced by Christians trapped in North Korea. Open Doors USA, an advocacy group for persecuted Christians, estimates that as many as 70,000 individuals are incarcerated in North Korea solely due to their religious beliefs.

The State Department’s report provides harrowing details about the conditions inside the prisons, with stories of religious persecution resembling those from biblical times unfolding in the present day.

A particularly disturbing case outlined in the report involves a 2-year-old child who was sentenced to life in prison simply because a Bible was found in the family’s possession. The entire family will spend the remainder of their lives in prison camps.

Another shocking incident involved a member of Kim Jong Un’s political party who was executed in front of 3,000 residents after being found in possession of a Bible. Additionally, a North Korean woman and her grandchild were executed by firing squad due to their family’s Christian beliefs.

The report also highlights the arbitrary arrest and punishment of relatives up to three generations back, irrespective of their own personal beliefs.

Open Doors characterizes Christians in North Korea as “the most dangerous political class of people,” facing intense and violent persecution. Life for Christians in the country is described as a “constant pressure cooker,” where “capture or death is only a mistake away.”

“Open Doors USA (ODUSA) estimated that authorities held 50,000 to 70,000 citizens in prison for being Christian. ODUSA stated that Christians experienced persecution that was ‘violent and intense,'” the State Department’s report added. 

A report by human rights watchdog Korea Future, which was cited by the State Department, concludes that the campaign to eradicate Christian adherents and institutions in North Korea has “been brutally effective.” While estimates suggest a Christian population of anywhere between 200,000 and 400,000 people still exists in the country, all of them remain at risk of torture under the rule of the North Korean regime.

In a recent report by the Korean Institute for National Unification (KINU), concerns were raised regarding the usage of state-controlled Christian churches in North Korea for political purposes.

The report stated that the government has been employing these state-approved religious institutions as a means of “political propaganda” aimed at foreign visitors, while strictly prohibiting regular citizens from entering the facilities.

According to KINU’s 2021 report, the North Korean authorities gathered several hundred carefully selected individuals to participate in what were described as “fake church services.” These services were allegedly orchestrated to create an illusion of religious freedom and to impress foreign guests and were not accessible to ordinary citizens.

Testimonies from defectors have shed further light on the situation. In KINU’s 2019 report, one defector revealed that during his time in Pyongyang, authorities arrested individuals who were suspected of being secret Christians. These suspicions arose from behaviors such as lingering too long outside these churches to listen to the music or repeatedly driving past them each week when services were being held.

The North Korean government has previously acknowledged the existence of 500 “family worship centers” in a 2002 report submitted to the UN Human Rights Committee. Although, a 2018 report, which surveyed 12,810 defectors, stated that none of them had witnessed any of these supposed home churches.

The State Department’s report also highlights the indoctrination of anti-religious views in North Korean children, starting as early as kindergarten. Children are encouraged to report any signs of Christian faith within their homes, further perpetuating the control and persecution of Christians in the country. Both the United States and the United Nations have consistently condemned North Korea’s control and mistreatment of its people, as it “remains one of the most repressive countries in the world.”

However, these condemnations have failed to loosen the regime’s grip on its extreme views regarding Christianity. In October 2020, the Database Center for North Korean Human Rights reported 1,411 cases of religious persecution by authorities, including 126 killings and 94 disappearances, based on reports of defectors from the DPRK between 2007 and July 2020, as well as other sources.

North Koreans who have managed to escape their home country have revealed the various forms of torture inflicted on tens of thousands of Christians imprisoned daily. These torturous methods include beatings, strangulation, deprivation of food, water, and sleep, hanging by the legs, and being forced into fixed positions for days on end.

Escapees have also reported being subjected to repetitive physical exercises, consuming contaminated food, and having red pepper powder forcefully poured into their nostrils. This distressing list of torture tactics only scratches the surface of the atrocities endured by victims.

Meanwhile, the number of North Koreans escaping the communist regime has seen a significant decline of 94% since the onset of the COVID-19 pandemic, according to recent reports. The pandemic presented an opportunity for dictator Kim Jong Un to reinforce border security measures, including the construction of new border walls and increased patrols, further restricting the movement of North Korean citizens.

Tags: , , ,
Energy

Proposed rare earths mine raises environmental concerns in Nebraska


Rare earth minerals, known for their immense value to the global economy, have become a focal point for the United States. Lawmakers and leaders want to boost domestic production to reduce reliance on foreign adversaries like Russia and China. Mineral exploration company NioCorp is working to establish a first-of-its-kind mine in the Midwest that would extract some of these elements, but concerns remain regarding the potential impact of the facility’s construction and operation on the surrounding environment.

The proposed mine, set to be built in Elk Creek, Nebraska, will involve drilling approximately 1,500 feet underground and span over 60 acres of land. NioCorp claims to be taking steps to minimize the project’s overall environmental footprint and has developed strategies to reduce waste production. These efforts include limiting air emissions, ensuring no discharge of wastewater, and advancing research for recycling and reusing chemical materials that were previously destined for disposal.

“We’ve done very extensive environmental studies of the plant area and some off-site areas, and by doing those studies, and doing them up front, we can avoid impacting sensitive areas of the environment,” NioCorp COO Scott Honan said. “This work illustrates how strongly NioCorp is committed to reducing our net greenhouse gas emissions when and where we can. Niobium, scandium, titanium, and the rare earths all play critical roles in reducing greenhouse gas emissions in the products in which they are used.”

The company has emphasized its commitment to sustainability with this project, citing environmental, social, and governance (ESG) principles as fundamental to its core values. NioCorp CEO Mark Smith has asserted his organization’s dedication to minimizing the ecological impact of the mine.

“Environmental, social, and governance factors can and should play a major role in any business, particularly those involved in natural resource development,” Smith said. “These factors are fundamental to NioCorp’s core values. Moreover, implementing the proper corporate ESG culture can be good for the environment and for business.”

Despite these pollution-mitigating techniques, rare-earth mining still carries significant risks to the environment. According to the Harvard International Review, for every ton of rare earth minerals produced, as much as 12,000 cubic meters of waste gas are released into the surrounding area. Additionally, each ton of mined materials results in the production of two thousand tons of toxic waste.

“Rare earth mining is one of the most environmentally destructive practices that occurs on the planet.” said James Taylor, president of The Heartland Institute, a public policy think tank.

While these minerals are crucial to the U.S. economy and national defense, their near-exclusive production by foreign adversaries is partly attributed to lax environmental regulations imposed by other nations.

China, which accounted for 85% of the global supply of rare earth minerals in 2016 despite possessing only 35% of the world’s reserves, employed low-cost, high-pollution mining methods to quickly establish a monopoly in the industry. Other countries were reluctant to adopt similar practices due to the resulting environmental impact.

“Why is China so dominant? Well, one of reasons is that China does not impose the environmental standards that people in western democracies justly require for mining and especially of rare earth minerals mining,” Taylor said while testifying before the Pennsylvania General Assembly regarding the viability and impact of rare earth materials in the state.

The Chinese government has even acknowledged the existence of “cancer villages” near some if its mines, where a disproportionately high number of people have fallen ill as a result of excessive pollution.

“The toxic chemicals have caused many environmental emergencies linked to water and air pollution,” China’s environment ministry said in a 2013 report. “There are even some serious cases of health and social problems like the emergence of cancer villages in individual regions.”

“The cleanup has been difficult, especially because there has been a long history of mining here,” said Xu Cheng, director of the Longnan Rare Earths Bureau, according to the Yale School of the Environment. “Some experts said that it will take 50 to 100 years before the environment can fully recover, so the cost born by the locals has been high … We have made huge sacrifices to extract the resources they need.”

To mitigate the domestic impact, China struck deals with developing countries in Africa, allowing them to move their mining operations there in exchange for Chinese-built infrastructure. This strategy enabled China to transfer the pollution burden to external communities while maintaining control over a multi-billion dollar industry. For example, the Democratic Republic of Congo, which controls more than 70 percent of the world’s cobalt supply, reached a $6 billion infrastructure-for-minerals agreement with China in 2007 that has resulted in the pollution of a major tributary of the Congo River.

In Nebraska, NioCorp has secured all the necessary government permits for construction to commence and has presented testimonies from members of the Elk Creek community who support the project. However, as the construction of the mine moves forward, many stakeholders will closely monitor its effects on a region where the economy is primarily driven by agricultural production.

Tags: ,
Tech

The EU is close to regulating AI. What about us?


The rollout of commercial AI tools in recent months has shown that the technology can make mistakes. It can hallucinate, show bias and discrimination and it can be misused by humans.

These fears have sent governments scrambling to form regulation about a technology that many don’t fully understand yet.

The European Union is already prepared to vote on a proposal for AI regulation, while the United States is only just beginning the process.

“My worst fears are that we cause significant — we, the field, the technology industry — cause significant harm to the world,” OpenAI CEO Sam Altman said at a congressional hearing in early May.

With a wave of new AI products coming out every week, the road to regulation can be as steep as the learning curve.

Suresh Venkatasubramanian has an insider’s perspective on where the U.S. is in this process. Venkatasubramanian is a professor of computer science and data science at Brown University. Previously, he worked as the assistant director for science and justice in the White House Office of Science and Technology Policy. There, Venkatasubramanian co-authored the Blueprint for an AI Bill of Rights.

The Blueprint for an AI Bill of Rights is a set of principles for guiding the development and use of AI. Published in October of 2022, it calls for safe and effective automation, protections against discrimination, data privacy, notice and explanation, and more.

“We think of it in terms of we should be regulating businesses, entities that do things that impact people, because the government is the keeper of the public interest,” Venkatasubramanian said. “Think about credit. Think about housing, you think about policing and criminal justice. These are specific areas where the public is impacted, and now increasingly impacted by the use of technology, whether it’s AI machine learning or what have you.”

The Blueprint for an AI Bill of Rights is not legally binding, but it provides examples of the risks Americans face without responsible innovation in the AI realm.

Without transparency, for example, child welfare investigations could open against parents based on an algorithm, without notifying those parents and giving them an opportunity to contest the decision.

A predictive policing system could identify people at greater risk of being involved in gun violence and put them on a watch list. Those people might receive no explanation for how they ended up on such a list.

Venkatasubramanian says different agencies are working internally to develop guidelines for using AI within their scopes. For example, in May, the Equal Employment Opportunity Commission issued guidance on how employers can use AI for recruitment and retention without violating federal anti-discrimination law.

While U.S. guidelines and legislation are lagging behind commercial innovation, Venkatasubramanian doesn’t think that’s a huge issue.

“The fact that products are coming out quickly, does not mean that things are changing very quickly,” he said. “ChatGPT changed a lot of things. I agree. But it hasn’t changed the fundamentals of how we should think about regulating systems that affect us all.”

Concerned about the lack of regulation, tech giants Elon Musk and Steve Wozniak — along with other industry insiders — signed an open letter calling for a pause in large AI experiments while policymakers catch up.

But there’s no telling how long it would take for Congress to develop and pass concrete legislation. However, what is known is that there’s an assortment of proposals in Congress.

Some lawmakers have proposed a ban on facial recognition technology, while others are calling for more transparency and accountability from AI developers. It is still too early to say what form AI regulation will take in the United States, but it’s clear that the conversation has begun.

Tags: , , , , ,
Business

5 fake news reports that caused real dips in the stock market


A faked AI-generated image of an explosion near the Pentagon on May 22 actually moved the stock market. While it may be the first AI image to do so, it’s not the first time fake news has led to serious financial damages. Here are five times fake reports caused real dips in the stock market in this week’s Five For Friday.

5: Fake White House explosion

In 2013, a single tweet sent the Dow Jones Industrial Average down 145 points in two minutes.

The tweet came from the verified Associated Press Twitter account claiming two explosions at the White House injured then-President Barack Obama. A separate AP corporate communications account quickly got on the record saying the tweet was bogus.

It turned out hackers had gained access to AP’s main account, sending the scary claim to its roughly 2 million followers. The tweet even appeared on the Bloomberg Terminal, flashing in front of numerous investors. The Syrian Electronic Army claimed responsibility for the chaos.

4: Scottish man’s scheme

Scottish investor James Alan Craig faced securities fraud charges for allegedly sending fake tweets in 2013 to drive down stock prices.

The Securities and Exchange Commission said he made fake accounts posing as short-selling firms Muddy Waters and Citron Research, tweeting about fake investigations into two public companies.

Audience Inc.’s share price plunged 28% before the Nasdaq halted trading while Sarepta Therapeutics dropped 16% before the fraud was revealed. Craig, though, was reportedly too slow to capitalize himself. The SEC said he only made $97 on the trades, though the indictment claimed the scheme itself cost other investors more than $1.6 million.

3: United Airlines plunges

This one cost United Airlines a cool $1 billion in market value and resulted in a lot of finger pointing. Somehow, an undated Sun Sentinel article about United’s 2002 bankruptcy resurfaced six years later under “most viewed” on the Tribune newspaper’s website with the current day’s date at the top of the website header.

The Google News algorithm reportedly picked up the article as new, a research firm then sent out a summary of the article to a Bloomberg news service, Bloomberg flashed a headline and suddenly, the stock went from more than $12 to $3 before trading halted.

Even after it became clear United was not heading for another bankruptcy, the stock still closed down 11% on the day.

2: Zoomlion bribery scam

In 2013, Chinese journalist Chen Yongzhou confessed to accepting bribes to publish defamatory articles about heavy equipment company Zoomlion.

The New Express reporter said a middleman paid him tens of thousands of dollars to submit more than 10 articles under his byline that accused Zoomlion of false financial reporting and other crimes and deceptive practices.

The stock took multiple hits from the articles published over many months. Once Chen confessed, media reports suggested a Zoomlion rival was behind the scheme.

1: Fake Pentagon explosion

The AI-generated image of black smoke billowing near the Pentagon spooked the stock market in May, causing a quick dip shortly after markets opened.

The fake shot fooled news outlets like Russia’s RT, which tweeted the image and report under its gold-check account, and Zerohedge, which has a blue checkmark. An Indian news channel even broadcasted the image live, citing RT’s report.

The image quickly spread through a number of blue-check accounts that pay for verified status, including accounts deceptively made to look like news organizations. One account called Bloomberg Feed sported a blue check but is not associated with Bloomberg and was later suspended.

It may be the first time an AI-generated image moved markets, but experts fear it won’t be the last.

Tags: , , , , , ,

SIMONE DEL ROSARIO: FAKE NEWS CAN BE PRETTY DAMAGING, ESPECIALLY WHEN IT COSTS HUNDREDS OF MILLIONS OF DOLLARS. HERE ARE FIVE TIMES FAKE REPORTS CAUSED REAL DIPS IN THE STOCK MARKET IN THIS WEEK’S FIVE FOR FRIDAY.

IN 2013 A SINGLE TWEET SENT THE DOW DOWN 145 POINTS IN TWO MINUTES. THE TWEET CAME FROM THE VERIFIED ASSOCIATED PRESS TWITTER ACCOUNT, CLAIMING TWO EXPLOSIONS AT THE WHITE HOUSE INJURED THEN-PRESIDENT BARACK OBAMA.

JAY CARNEY: the president is fine i was just with him.

SIMONE DEL ROSARIO: A SEPARATE A-P ACCOUNT QUICKLY SAID THE TWEET WAS BOGUS – AND THE MARKET REBOUNDED. TURNS OUT, A-P’S MAIN ACCOUNT WAS HACKED, AND THE SCARY CLAIM WAS SENT TO ITS ROUGHLY TWO MILLION FOLLOWERS AND APPEARED ON THE BLOOMBERG TERMINAL. THE SYRIAN ELECTRONIC ARMY CLAIMED RESPONSIBILITY FOR THE CHAOS.

SCOTTISH INVESTOR JAMES ALAN CRAIG FACED SECURITIES FRAUD CHARGES FOR SENDING FAKE TWEETS IN 2013 TO DRIVE DOWN STOCK PRICES. THE SEC SAYS HE MADE FAKE ACCOUNTS POSING AS SHORT-SELLING FIRMS MUDDY WATERS AND CITRON RESEARCH, TWEETING ABOUT FAKE INVESTIGATIONS INTO TWO PUBLIC COMPANIES. AUDIENCE INC’S SHARE PRICE PLUNGED 28% BEFORE THE NASDAQ HALTED TRADING, WHILE SAREPTA THERAPEUTICS DROPPED 16% BEFORE THE FRAUD WAS REVEALED. BUT CRAIG WAS REPORTEDLY TOO SLOW TO CAPITALIZE HIMSELF, HE ONLY MADE $97 BUCKS ON THE TRADES. PROSECUTORS SAID THE SCHEME ITSELF COST OTHER INVESTORS MORE THAN $1.6 MILLION.

THIS ONE COST UNITED AIRLINES A COOL BILLION IN MARKET VALUE AND LOTS OF FINGER POINTING. SOMEHOW AN UNDATED SUN SENTINEL ARTICLE ABOUT UNITED’S 2002 BANKRUPTCY RESURFACED SIX YEARS LATER UNDER “MOST VIEWED,” WITH THE CURRENT DAY’S DATE AT THE TOP OF THE WEBSITE. A GOOGLE NEWS ALGORITHM PICKED IT UP AS NEW, A RESEARCH FIRM SENT OUT A SUMMARY TO A BLOOMBERG NEWS SERVICE, BLOOMBERG FLASHED A HEADLINE AND BAM, THE STOCK WENT FROM 12 BUCKS TO 3 BEFORE TRADING HALTED. EVEN AFTER IT BECAME CLEAR UNITED WAS NOT BANKRUPT, THE STOCK STILL CLOSED DOWN 11% ON THE DAY.

IN 2013 CHINESE JOURNALIST CHEN YONGZHOU CONFESSED TO ACCEPTING BRIBES TO PUBLISH DEFAMATORY ARTICLES ABOUT HEAVY EQUIPMENT COMPANY ZOOMLION. THE NEW EXPRESS REPORTER SAID A MIDDLEMAN PAID HIM TENS OF THOUSANDS OF DOLLARS TO SUBMIT MORE THAN 10 ARTICLES UNDER HIS BYLINE THAT ACCUSED ZOOMLION OF FALSE FINANCIAL REPORTING AND OTHER CRIMES. THE STOCK TOOK MULTIPLE HITS FROM THE ARTICLES, WHILE MEDIA SUSPECTED A ZOOMLION RIVAL WAS BEHIND IT.

THIS A-I GENERATED IMAGE OF BLACK SMOKE BILLOWING NEAR THE PENTAGON SPOOKED THE STOCK MARKET IN MAY. THE FAKE SHOT FOOLED NEWS OUTLETS LIKE RUSSIA’S R-T AND ZEROHEDGE AND WAS SPREAD BY A NUMBER OF BLUE CHECK ACCOUNTS MADE TO LOOK LIKE NEWS ORGS, INCLUDING ONE CALLED “BLOOMBERG FEED.” IT MAY BE THE FIRST TIME AN A-I GENERATED IMAGE MOVED MARKETS, BUT EXPERTS FEAR IT WON’T BE THE LAST.

SOMETIMES, SOMEONE’S TRYING TO MAKE A BUCK. SOMETIMES, IT’S AN HONEST MISTAKE. BUT ALL THE TIME, A LITTLE FACT CHECKING GOES A LONG WAY. THAT’S FIVE FOR FRIDAY. I’M SIMONE DEL ROSARIO AND IT’S JUST BUSINESS.

U.S.

4-day school week gains popularity for teacher recruitment


Schools across the country are facing a teacher shortage, and some are turning to a four-day school week as a way to attract and retain qualified staff. However, research shows that it harms student achievement.

The four-day school week is not new, but it has become more popular in recent years. According to the Four-Day School Week Policy Group at Oregon State University, more than 850 school districts in the United States now use the four-day model.

“With issues of teacher shortages, teacher burnout, it seems that, you know, school districts are thinking that this might be an effective mechanism,” said Paul Thompson, associate professor of economics and researcher with the Four-Day Research Policy Group. “In terms of the research, we don’t really know whether that’s an effective strategy, we’re playing catch up.”

One concern about the shorter school week is that it leads to a loss of instructional time, which harms student achievement.

“Those drops in time in school kind of link almost directly to the achievement declines that we’ve seen,” Thompson said.

On the other hand, there are several potential benefits to the four-day school week.

For one, it can help to improve teacher morale and reduce teacher burnout. In a RAND study, administrators, teachers, students and parents in 12 rural school districts said the change to a shorter week improved morale. Teachers also reported feeling less burnt out.

Another potential benefit of the four-day school week is that it can reduce student bullying. One study found that the four-day school week reduced bullying by 39%

Tags:

SHANNON LONGWORTH: SCHOOLS ACROSS THE COUNTRY ARE FACING A TEACHER SHORTAGE. TO ATTRACT AND RETAIN QUALIFIED STAFF, MORE AND MORE SCHOOLS ARE OFFERING A SURPRISING PERK:

A FOUR-DAY SCHOOL WEEK.

RESEARCH SHOWS IT HURTS STUDENT ACHIEVEMENT.

PAUL THOMPSON’S BEEN STUDYING THIS FOR SEVEN YEARS, AS PART OF THE FOUR-DAY SCHOOL WEEK POLICY GROUP AT OREGON STATE UNIVERSITY.

PAUL THOMPSON: “THOSE DROPS IN TIME IN SCHOOL KIND OF LINK ALMOST DIRECTLY TO THE ACHIEVEMENT DECLINES THAT WE’VE SEEN.”

LONGWORTH: MANY OF THE SCHOOLS MAKING THIS SWITCH WILL EXTEND THE DAYS THEY *ARE* IN CLASS…BUT IT’S OFTEN NOT ENOUGH TO COMPENSATE FOR DROPPING THAT FIFTH DAY.

850 SCHOOL DISTRICTS ACROSS THE COUNTRY USE THE 4-DAY MODEL, ACCORDING TO THE FOUR DAY SCHOOL WEEK POLICY GROUP. WHILE THERE’S MOUNTING RESEARCH ON THE DRAWBACKS…THERE ARE POTENTIAL BENEFITS TOO.

IN A RAND STUDY OF 12 RURAL SCHOOL DISTRICTS, ADMINISTRATORS, TEACHERS, STUDENTS AND PARENTS SAID THE CHANGE IMPROVED MORALE. TEACHERS REPORTED FEELING LESS BURNT OUT.

ONE STUDY SHOWS IT COULD REDUCE STUDENT BULLYING.

THESE DISTRICTS TEND TO BE IN RURAL AREAS, WHICH HAVE A PARTICULARLY HARD TIME RECRUITING QUALITY TEACHERS, AND THEY HOPE THE PROMISE OF A THREE-DAY WEEKEND COULD HELP.

THOMPSON: “WITH ISSUES OF TEACHER SHORTAGES, TEACHER BURNOUT, IT SEEMS THAT, YOU KNOW, SCHOOL DISTRICTS ARE THINKING THAT THIS MIGHT BE AN EFFECTIVE MECHANISM. IN TERMS OF THE RESEARCH, WE DON’T REALLY KNOW WHETHER THAT’S AN EFFECTIVE STRATEGY, WE’RE PLAYING CATCH UP.”

LONGWORTH: THOMPSON POINTS OUT THAT THIS RECRUITMENT TACTIC CAN BE CONTAGIOUS. IF ONE RURAL SCHOOL DISTRICT SWITCHES TO THE 4-DAY MODEL, THEN OTHERS NEARBY ARE LIKELY TO DO THE SAME TO STAY COMPETITIVE.

THOMPSON: “I THINK MANY STATES ARE SAYING, WELL, IF THIS GOES TO URBAN AREAS, WE’RE GOING TO SEE ALMOST ALL SCHOOL DISTRICTS MAKE THIS SWITCH TO THE 4-DAY MODEL. AND THEN NONE OF THOSE SCHOOL DISTRICTS GET THOSE POTENTIAL BENEFITS OF KEEPING TEACHERS, RIGHT, IT JUST GOES BACK TO KIND OF THE WAY IT WAS RIGHT, WHERE SCHOOLS THAT ARE OFFERING THE BEST MONETARY BENEFITS ARE WHERE, YOU KNOW, TEACHERS ARE GONNA GO.”

LONGWORTH: THOMPSON SAYS DISTRICTS STRUGGLING TO RECRUIT AND RETAIN TEACHERS ONLY HAVE A FEW ALTERNATIVES: LOWER HIRING STANDARDS OR INCREASE CLASS SIZE.

THE FOUR DAY SCHOOL WEEK IS BECOMING MORE AND MORE POPULAR AMID A DIRE TEACHER SHORTAGE IN THE U.S.