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		<title>NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</title>
		<link>https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/</link>
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		<pubDate>Sun, 08 Mar 2026 00:46:48 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=13749</guid>

					<description><![CDATA[<p>New York City doesn’t have enough hotel rooms for hordes of visitors coming to this summer’s FIFA World Cup and should suspend the current restrictions on Airbnb and other short-term rental platforms, business leaders told Mayor Zohran Mamdani and City Council Speaker Julie Menin on Friday. Groups including the Partnership for New York City and [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/">NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p>New York City doesn’t have enough hotel rooms for hordes of visitors coming to this summer’s FIFA World Cup and should suspend the current restrictions on Airbnb and other short-term rental platforms, business leaders told Mayor Zohran Mamdani and City Council Speaker Julie Menin on Friday.</p>
<p>Groups including the Partnership for New York City and chambers of commerce for all five boroughs say the city must pause its short-term rental laws from June 1 to July 31 so more people can stay in the Big Apple during the games — along with celebrations for the country’s 250th anniversary and Fleet Week.</p>
<p>FIFA World Cup games will be played at MetLife stadium in July. <span class="credit">Getty Images</span></p>
<p>The groups said throngs of visitors expected to come for the special events won’t be able to land bookings at the city’s roughly 135,000 hotel rooms, where “occupancy already hovers near 97%.”</p>
<p>“Without additional capacity, hotel prices will surge beyond the reach of working families, spending will leak to New Jersey and the suburbs, and neighborhoods hosting events across the outer boroughs — where only 20% of hotel rooms are located — will see visitors but capture none of the overnight economic impact,” states a letter the business groups wrote the elected.</p>
<p>“New York will project to the world that it cannot manage the logistics of hospitality at the very moment it is hosting the planet’s biggest stage.”</p>
<p>The mayor’s office did not comment on the letter but said the administration will meet with business leaders next week to hear out their concerns ahead of the World Cup.</p>
<p>Menin did not immediately answer requests for comment.</p>
<p>While home-sharing apps are not technically banned in New York City, the business leaders noted “almost nobody uses them because city laws say the owner has to stay in the apartment with you.” </p>
<p>The 2023 short term rental law – aimed at stays of less than 30 days – decimated Airbnb and the rest of the short-term rental market in New York City. </p>
<p>It limits the number of guests per booking to two and requires hosts to register with the city or face hefty fines.</p>
<p>Airbnb has spent millions on lobbying efforts to overturn or loosen the regulations. The San Francisco-based company blames the Hotel Association of New York City and the powerful hotel union for the stringent rules.</p>
<p>The law’s backers have said home-sharing apps like Airbnb made homes less affordable by taking units off the market.</p>
<p>Mamdani and Menin announce the opening of a new school in Manhattan last month. <span class="credit">Matthew McDermott for NY Post</span></p>
<p>The Manhattan Chamber of Commerce launched a digital campaign and petition to drive support for a temporary reprieve for short-term rentals.</p>
<p> “Act Now, NYC! Or our sales will go to New Jersey this summer,” the group warns.</p>
<p>Airbnb’s market share in New York City has plummeted since Local Law 18 was enacted in 2023. <span class="credit">AP</span></p>
<p>About 1.2 million visitors are expected to converge on the region for eight World Cup games at MetLife Stadium, the letter states.</p>
<p>Another 6 million visitors are expected for events around the 250th anniversary of the country, with which Fleet Week will coincide this year.</p>
<p>But there’s plenty of space, according to Vijay Dandapani, chief executive of the Hotel Association of New York City, who said claims of too few hotel rooms are an “absolute falsity and a red herring.”</p>
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<p>“The letter is untethered to any facts and is a propaganda piece put out by Airbnb with the chambers carrying their water,” he told The Post.</p>
<p>FIFA has actually been “canceling room blocks” in New York City because there is not enough demand, he added.</p>
<p>FIFA did not immediately answer a request for comment.</p>
<p>Airbnb is a member of the Manhattan Chamber of Commerce, whose chief executive Jessica Walker testified at the City Council last week. </p>
<p>The Hotel Association for New York City says there enough hotel rooms to meet tourist demand this summer. <span class="credit">RightFramePhotoVideo – stock.adobe.com</span></p>
<p>“We are recommending a narrowly tailored suspension of the short-term rental ban for the World Cup window,” she said. “This costs the city nothing, while preventing the loss of hundreds of millions of dollars from leaking out of the city.”</p>
<p>Walker told The Post, “People see this is as a reasonable request that is meant to be temporary and have guardrails,” adding that “it’s clear who who we represent: small businesses.”</p>
<p>New Orleans, Kansas City, several southern California cities and other locales have changed their short-term rental restrictions in order to accommodate major events, the new letter stated.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/">NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Exploring the World of J.R.R. Tol­kien</title>
		<link>https://www.ourstoryinsight.com/exploring-the-world-of-j-r-r-tolkien/</link>
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		<pubDate>Mon, 29 Dec 2025 16:43:08 +0000</pubDate>
				<category><![CDATA[Literature]]></category>
		<category><![CDATA[exploring]]></category>
		<category><![CDATA[JRR]]></category>
		<category><![CDATA[Tolkien]]></category>
		<category><![CDATA[World]]></category>
		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11931</guid>

					<description><![CDATA[<p>My first interest in J.R.R. Tol­kien was apparently caused by the infamous Barbara Remington artwork used for the covers of the Ballantine mass-­market editions. When my father bought his paperback copies of The Lord of the Rings at the Cornell University bookstore in 1969, the three volumes came with a free poster of the Map [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/exploring-the-world-of-j-r-r-tolkien/">Exploring the World of J.R.R. Tol­kien</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>My first interest in J.R.R. Tol­kien was apparently caused by the infamous Barbara Remington artwork used for the covers of the Ballantine mass-­market editions. When my father bought his paperback copies of The Lord of the Rings at the Cornell University bookstore in 1969, the three volumes came with a free poster of the Map of Middle-­earth, also illustrated by Remington. That map somehow ended up taped on the wall of the spare room in my grandmother’s house. According to family lore, one day I stood up in my crib, pointed to the “Black Riders” at the bottom of the picture, and kept repeating “What that? What that?”</p>
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<p>I had to wait a few years for an explanation. But although I now know what a Black Rider is, to this day I do not understand what the three salamanders riding on a flattened frog, the pointed-­nosed lizard-­thing leaping from the water, the lion-­maned dragon-­snake, or the angry dog-­monster have to do with The Lord of the Rings. Tol­kien was also confused, although he seemed more exercised by the emus and the tree with bulbous pink fruit on the covers of The Hobbit and The Fellowship of the Ring.</p>
<p>For me, engaging with Tol­kien’s work began with trying—­and failing—­to figure things out, to synthesize fragmented, disjointed, and contradictory material into some coherent whole. That sounds like an inauspicious beginning to either a lifetime of loving Tol­kien’s work or a career as a literary historian, but in fact it is the same experience—­although perhaps with a bit less failing—that every first-­time reader of The Hobbit has when trying to make sense of something called a “hobbit” whose mother was “the famous Belladonna Took,” an experience that recurs throughout the course of reading The Hobbit and is even more common in The Lord of the Rings.</p>
<p class="pullquote">Engaging with Tol­kien’s work began with trying—and failing—­to figure things out, to synthesize fragmented, disjointed, and contradictory material into some coherent whole.</p>
<p>One of the central claims of this book is that the mental effects of the small gaps, contradictions, and inconsistencies in Tolkien’s work contribute substantially to readers’ experiencing it as somehow different than other pieces of literature. I will also argue, however, that this was not originally Tol­kien’s conscious intention but rather arose out of the long and tortuous composition-­history of Tol­kien’s works. I do not intend in any way to disparage Tol­kien’s genius—­a word I use in the most old-fashioned, naïve, unironic sense possible—­as both writer and scholar, and I will not be focused on nitpicking apparent “flaws.” Instead, my intention is to show both what Tol­kien did and how he did it.</p>
<p>We will be examining what Tol­kien called “the course of actual composition,” and I will not pass up noting that, at times, he worked his way from what is, in retrospect, a terrible concept (the Ring is “not very dangerous, if used for a good purpose”), or name (Teleporno was the king of the elves of Lothlórien; Frodo was Bingo Bolger-­Baggins), or plot-­point (Bilbo stabbing the dragon “with his little knife”), to what became a great work of literature that has the power to engage an immense range of readers, engage them more deeply, and, most importantly, engage them in fundamentally different ways than its predecessors, contemporaries, or imitators. This last point is far more important to me than the others. Trying to explain popularity is an exercise in sociology or marketing and therefore, in my view, a waste of the literary historian’s time.</p>
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<p>But trying to explain what about Tol­kien’s books may lead people to treat them differently than other texts is another story. The Lord of the Rings is over 600,000 words long; it contains many poems in various forms; it uses hundreds of unfamiliar names; there are untranslated passages written in invented languages; and the book depicts multiple scenes of terror and violence, including the mutilation of the protagonist—­of course we should read it out loud to our six-­year-­old… and people do.</p>
<p>*</p>
<p>The first actual memory I have of anything related to Tol­kien is my father reading “In a hole in the ground there lived a hobbit” while I struggled to stay awake in our stuffy and always overheated New York apartment on the ninth floor of 435 East 70th Street, one of our cats curled up at the foot of my bed, and my younger brother, a toddler, already asleep in his crib a few feet away. It was therefore late 1973 or early 1974, and I was five and a half years old. For the next two years, at bedtime my father would read me The Hobbit, then The Lord of the Rings, and when we reached the end of The Return of the King, we would go back to the beginning of The Hobbit. Often my father would start to doze while he read, so his voice would slur a bit and his New Jersey accent would become more pronounced. Half a century later, when reading the books silently, I sometimes hear his voice and his mispronunciations, /Le-­gÓ-­las/, /SAR-­on/, /THEE-­o-­den/.</p>
<p>Feelings of comfort and happiness accompany these memories, but there is also sadness and stress and, in retrospect, a foreboding darkness. My father was completing his internship and residency at New York Hospital at a time when physician-training hours had not yet been scaled back to humane levels. He worked not only every day, but also every other night for weeks at a time, so his being home when both he and I were awake felt like a special privilege. There was also illness and fear: My brother and I both struggled with asthma exacerbated by the tight quarters, two pet cats, every adult smoking, and a building infested with cockroaches. The asthma attacks and occasional pneumonia were exhausting, and worse, frightening, because my father, a figure of calm mastery whenever we saw him at the hospital, could not hide the worry on his face when either of us was sick.</p>
<p>There was also some darkness around the edges of our lives, although I was too young to name it. Poverty, even the temporary poverty of medical school and internship, is hard for any family; there were also familial and marital tensions that I sensed even if I did not understand; and the city around us could be harsh and frightening. Sometimes we heard gunshots at night, and one day, in Carl Schurz Park, my friend and I found a man lying unmoving inside the spiral slide in the playground. As she hustled us away, my friend’s mother said the man was sleeping, but I had seen that his eyes were open. A similar kind of darkness sometimes shadowed The Hobbit, beginning with Bilbo’s inexplicable (to five-­year-­old me) panic at the thought of a dragon coming to the Shire and continuing with the hushed mentions of the Necromancer, the glimpses of the ruined castles on the journey to Rivendell, the laments of the Lake-­men for their burned homes—­hints of far more deep and serious fears that felt distinctly different from the scary excitement of the trolls, goblins, wargs, and the Spiders of Mirkwood.</p>
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<p class="pullquote">What might have been just an engaging children’s story becomes also a set of hints, allusions, and glimpses, the early experiences of learning about a larger world.</p>
<p>The Hobbit and its literary effects are thus for me inextricably tangled up with early memories from a time when much was confused. Or, perhaps more accurately, particular qualities of The Hobbit entered deeply and permanently into my psyche, entwined with memories of warmth and safety, of being comforted and protected, and also with flashes of terror: of struggling with all my strength to draw in one breath and then starting the struggle again for the next one; of watching my brother’s lips turn blue and my father suddenly sweep him into his arms and dash out to the emergency room; of overhearing whispered, frightened conversations with words that I did not understand but knew to fear: arterial blood gasses, cystic fibrosis, intubate.</p>
<p>These circumstances could perhaps account for the vividness of my memories of those first glimpses of Middle-­earth: Fever and illness can intensify perceptions; minor traumas can fix memories; and there may also be some echo of Tolkien’s own severe illnesses in the rhythms of the narrative—­more than once Frodo’s pain and suffering leads to clouded vision, exhaustion, and eventual unconsciousness, followed by a peaceful awakening under clean sheets with the morning sun pouring through a window. But why is it, then, that The Hobbit and The Lord of the Rings—­and not the many other books my father or mother read to me in that same period—­have shaped my perception of my own life and the lives of my children? More importantly, why do so many other readers, in utterly different situations, have similar experiences with Tol­kien’s work? Dumb luck might explain me—perhaps I encountered Tol­kien’s work at just the right stage of intellectual development—but all of those other readers, too? Impossible.</p>
<p>Another explanation could be simply the high quality of the work: It is a well-­crafted story written in an engaging style. But even taken together, these reasons are insufficient. Many different books must end up being read at just the right age (whatever that is) out of the millions of children being read to by their caregivers, and although Tolkien’s writing is of high quality (indeed, higher than was acknowledged by many critics for several decades), it is not transcendently superior to that of every other writer.</p>
<p>No one thing makes The Hobbit different from the other children’s literature of the same time period. A constellation of qualities combine to make the book produce its unique effects, and perhaps the only one that is utterly unique is that it is followed by The Lord of the Rings. The experience of reading that great work changes the reader and, in so doing, retrospectively reshapes The Hobbit. What might have been just an engaging children’s story becomes also a set of hints, allusions, and glimpses, the early experiences of learning about a larger world, the first steps in the process of creating a reader of The Lord of the Rings. And that reader, over the course of The Lord of the Rings, has learned along with and in the same ways as the viewpoint characters as they discover more of their world, actively synthesizing scraps of information into an ever-richer and more complete model, coming to understand Middle-­earth in the same way we come to understand our world—by figuring it out on our own.</p>
<p style="text-align: center;">________________________</p>
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<p style="text-align: center;">
<p style="text-align: center;">From The Tower and the Ruin: J.R.R. Tolkien’s Creation by Michael D.C. Drout. Copyright © 2025. Available from W.W. Norton &#038; Company.</p>
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		<title>World Cup 2026 betting: draw sets favorites</title>
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		<pubDate>Sun, 28 Dec 2025 08:57:44 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11894</guid>

					<description><![CDATA[<p>The World Cup 2026 draw was held at the John F. Kennedy Center for the Performing Arts in Washington, D.C., on December 5, 2025, officially setting the stage and soccer betting favorites for FIFA’s biggest tournament to date. The draw marked the men’s World Cup’s first return to the United States since the iconic 1994 [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>The World Cup 2026 draw was held at the John F. Kennedy Center for the Performing Arts in Washington, D.C., on December 5, 2025, officially setting the stage and soccer betting favorites for FIFA’s biggest tournament to date.</p>
<p>The draw marked the men’s World Cup’s first return to the United States since the iconic 1994 edition and the new expanded format.</p>
<p>For the first time in its history, the competition will feature 48 teams, spread across 12 groups, followed by an extended knockout phase.</p>
<p>Europe’s elite and South America’s traditional powerhouses continue to dominate early projections, even as the expanded format introduces a larger suite of games and possible secondary group favorites, causing an upset.</p>
<h2><span id="world_cup_2026_format_designed_for_established_betting_favorites">World Cup 2026 format designed for established betting favorites</span></h2>
<p>The 2026 World Cup format features more teams and more fixtures. Three teams advancing from most groups and an additional knockout round absorbing the expanded field show that the risk of an early exit for elite nations isn’t on the cards.</p>
<p>In practical terms, it makes a repeat of shock eliminations, such as France’s group-stage exit in 2002, far less likely.</p>
<p>Squad rotation, depth, and recovery may prove as decisive as star quality in the 2026 tournament, as fixture congestion is expected to rival or exceed that of Russia 2018.</p>
<p>There has been a notable ticket backlash since the draw settled and the markets reacted to the biggest games on show. Fan groups forced FIFA to rethink pricing as a result of the first negative shot across the bow for tournament organisers.</p>
<p lang="en" dir="ltr">@FIFAcom&#8217;s #WorldCup ticket prices are a betrayal to the most dedicated fans. At least $6900 to support your team from the first match to the final – nearly 5 times more than in Qatar.</p>
<p>FSE calls for the immediate halt to ticket sales.</p>
<p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Statement: https://t.co/AgEdqsfrox pic.twitter.com/2Yq5z5GIDZ</p>
<p>— Football Supporters Europe (@FansEurope) December 11, 2025</p>
<h2><span id="the_big_players_world_cup_2026_betting_favorites_remain_familiar">The big players: World Cup 2026 betting favorites remain familiar</span></h2>
<p>Across outright markets, Spain continues to lead the field as tournament favorites, typically priced around 5/1, with some books drifting slightly into the 6/1–7/1 range.</p>
<p>They are followed closely by Brazil and Argentina, both of which are the tournament’s established South American giants. France and England round out the top tier, with the latter generally trading at around 13/2, placing them second only to Spain in several UK-facing books.</p>
<h2><span id="hosts_face_long_odds">Hosts face long odds</span></h2>
<p>The United States is the strongest of the three hosts in outright pricing, typically trading at 40/1 to 60/1. Mexico, co-hosting once again after 1970 and 1986, sits slightly behind at around 50/1 to 66/1.</p>
<p>Canada remains the long shot of the trio, with odds in the 80/1 to 100/1 range reflecting the team’s battling spirit in arguably their biggest tournament showing.</p>
<h2><span id="deciphering_the_group_draw">Deciphering the group draw</span></h2>
<h3><span id="group_a_mexico_south_korea_south_africa_playoff_d">Group A: Mexico, South Korea, South Africa, Playoff D</span></h3>
<p>Markets lean toward Mexico to top the group, driven primarily by host advantage rather than belief in a deep run. South Korea is profiled as the primary challenger, while the introduction of a European playoff winner, such as Denmark or Czechia, would significantly tighten pricing.</p>
<h3><span id="group_b_canada_playoff_a_qatar_switzerland">Group B: Canada, Playoff A, Qatar, Switzerland</span></h3>
<p>This group remains unresolved. Switzerland are the strongest confirmed side, but if Italy emerge from Playoff A, they would become clear favorites despite Canada’s home support, and you can never rule out the Azzuri at a World Cup.</p>
<h3><span id="group_c_brazil_morocco_haiti_scotland">Group C: Brazil, Morocco, Haiti, Scotland</span></h3>
<p>Brazil are heavy favorites to win the group, supported by outright odds around 8/1–10/1. Morocco have some incredibly talented individuals, but nothing rivals the Seleção’s quality.</p>
<h3><span id="group_d_united_states_paraguay_australia_playoff_c">Group D: United States, Paraguay, Australia, Playoff C</span></h3>
<p>The U.S. are favoured to lead the group, but Paraguay and Australia are a physical test for the hosts, while a strong Playoff C side, such as Türkiye, would quickly compress prices.</p>
<h3><span id="group_e_germany_curacao_ivory_coast_ecuador">Group E: Germany, Curaçao, Ivory Coast, Ecuador</span></h3>
<p>Germany is expected to top the group despite recent inconsistencies in its squad makeup and the retirement of the old guard, who have brought so much national success. Their outright odds typically range from 12/1 to 16/1, with Ecuador and the Ivory Coast priced behind them.</p>
<h3><span id="group_f_netherlands_japan_playoff_b_tunisia">Group F: Netherlands, Japan, Playoff B, Tunisia</span></h3>
<p>Markets favour the Netherlands, with Japan viewed as the primary threat. A strong Playoff B entrant like Ukraine, Sweden, or Poland could make this one of the tighter groups.</p>
<h3><span id="group_g_belgium_egypt_iran_new_zealand">Group G: Belgium, Egypt, Iran, New Zealand</span></h3>
<p>Belgium remains the clear market pick as a side that consistently churns out complete players at the top levels of European knockout soccer.</p>
<h3><span id="group_h_spain_cape_verde_saudi_arabia_uruguay">Group H: Spain, Cape Verde, Saudi Arabia, Uruguay</span></h3>
<p>Spain is expected to dominate the group and remain tournament favorites at around 5/1, with a clear gap to Uruguay, who will likely finish second.</p>
<h3><span id="group_i_france_senegal_playoff_boliviairaqsuriname_norway">Group I: France, Senegal, Playoff Bolivia/Iraq/Suriname, Norway</span></h3>
<p>France dominates group expectations, supported by outright odds around 7/1–8/1. Senegal and Norway are dangerous but clearly second-tier in pricing the group.</p>
<h3><span id="group_j_argentina_algeria_austria_jordan">Group J: Argentina, Algeria, Austria, Jordan</span></h3>
<p>Defending champions Argentina are overwhelming favorites to top the group, with outright odds around 8/1–9/1.</p>
<h3><span id="group_k_portugal_playoff_1_uzbekistan_colombia">Group K: Portugal, Playoff 1, Uzbekistan, Colombia</span></h3>
<p>Portugal is favoured to win the group, and this could be Cristiano Ronaldo’s last dance at the World Cup. Colombia is the primary challenger, but compared to a golden generation featuring a possible Ballon d’Or winner and PSG’s Vitinha, they don’t look likely to cause an upset.</p>
<h3><span id="group_l_england_croatia_ghana_panama">Group L: England, Croatia, Ghana, Panama</span></h3>
<p>England is expected to lead the group, though Croatia keep prices tighter due to their previous showings at the tournament and a solid spine of Champions League-level talent.</p>
<p>The tournament kicks off with a repeat of the 2010 competition’s opening match of Mexico and South Africa. The drama and betting opportunities will unfold across the world at Mexico City Stadium on 11 June, 2026.</p>
<p>Featured image: FIFA</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/world-cup-2026-betting-draw-sets-favorites/">World Cup 2026 betting: draw sets favorites</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Lawsuit has been filed against Resorts World from high-stakes gambler</title>
		<link>https://www.ourstoryinsight.com/lawsuit-has-been-filed-against-resorts-world-from-high-stakes-gambler/</link>
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		<pubDate>Sat, 06 Dec 2025 02:57:29 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11336</guid>

					<description><![CDATA[<p>A lawsuit has been filed this week in Nevada by a high-stakes gambler and a businessman, which alleges violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) against executives at Resorts World Las Vegas. Gambler Robert (R.J.) Cipriani and businessman James Russell filed the suit, which makes allegations against former and current executives at [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>A lawsuit has been filed this week in Nevada by a high-stakes gambler and a businessman, which alleges violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) against executives at Resorts World Las Vegas.</p>
<p>Gambler Robert (R.J.) Cipriani and businessman James Russell filed the suit, which makes allegations against former and current executives at the company, including former hotel president Scott Sibella and Las Vegas attorney David Chesnoff, among others.</p>
<p>The complaint begins by stating that since its opening in 2021, “Resorts World has proven beyond question that it is unfit and incapable of operating a casino and hotel complex in compliance with the law.”</p>
<p>It continues to mention the landmark $10.5 million fine, which was issued earlier this year by the Nevada Gaming Commission. The casino was punished following alleged anti-money laundering failings, with the Gaming Control Board signing off on the financial punishment with a unanimous 4-0 vote.</p>
<h2><span id="number_of_people_named_in_lawsuit">Number of people named in lawsuit</span></h2>
<p>“As recounted here, Genting Berhad and Resorts World adopted a deliberate business strategy — premised on ignoring regulatory and legal restrictions — to maximize revenues by welcoming criminals at Resorts World to launder their illicit proceeds,” the lawsuit alleges.</p>
<p>A number of people are mentioned within the complaint, and it marks the second time that Robert Cipriani has filed against Sibella and Resorts World, with the other being from last year.</p>
<p>According to the Nevada Current publication, a spokesperson for Resorts World said via email on Thursday: “We typically do not comment on pending litigation, but this lawsuit repackages old matters and is yet another attempt to bring negative attention to Resorts World Las Vegas and seek some form of compensation.”</p>
<p>“We will vigorously defend ourselves against this meritless action,” the spokesperson’s quote continued. ReadWrite has reached out for comment and to confirm the statement.</p>
<p>Featured Image: CC 2.0 license from Ken Lund on Wikimedia Commons</p>
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		<title>Airplane leasing world shrinks with $7.4 billion takeover of Air Lease</title>
		<link>https://www.ourstoryinsight.com/airplane-leasing-world-shrinks-with-7-4-billion-takeover-of-air-lease/</link>
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		<pubDate>Wed, 03 Sep 2025 01:17:28 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=9168</guid>

					<description><![CDATA[<p>An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama. Michael Spooneybarger &#124; Reuters Aircraft leasing firm Air Lease, founded by industry mogul Steven Udvar-Házy, agreed to sell itself in a deal that would take it private to a group of investors for $7.4 [&#8230;]</p>
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										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama.</p>
<p>Michael Spooneybarger | Reuters</p>
<p>Aircraft leasing firm <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Air Lease<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, founded by industry mogul Steven Udvar-Házy, agreed to sell itself in a deal that would take it private to a group of investors for $7.4 billion, ushering in more consolidation in the airplane-renting business.</p>
<p>The planned acquisition, announced Tuesday, was led by Japan&#8217;s Sumitomo and SMBC Aviation Capital, and also includes asset managers <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Apollo<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and Brookfield. Shareholders in Los Angeles-based Air Lease would receive $65 per share, a nearly 8% premium to Friday&#8217;s close. Including debt, the investors are valuing the company at about $28.2 billion.</p>
<p>Lessors rent aircraft to airlines, helping those carriers conserve cash they&#8217;d otherwise have to use to buy planes that can cost more than $100 million apiece at list prices. A shortage of aircraft in recent years — driven by the Covid-19 pandemic, supply chain problems and other slowdowns — has pushed rental rates to records for both new and older models alike.</p>
<p>The aircraft leasing business, which owns more than half the world&#8217;s fleet of passenger jets, has grown from a 51% ownership share in 2009 to a 58% share currently, according to aviation consulting firm IBA Group. It hasn&#8217;t seen more growth because some large airlines became profitable, allowing them to own many of their planes.</p>
<p>&#8220;Cash is not alien to these guys anymore,&#8221; said Stuart Hatcher, chief economist at IBA Group.</p>
<p>At the same time, many airlines are now rethinking their capacity plans as an oversupply of flights has weighed on fares and eaten into their profits this year. On the extreme end, Spirit Airlines on Friday filed for Chapter 11 bankruptcy protection for the second time in less than a year after it failed to make major changes the first time around and emerged with high costs and a drop in demand.</p>
<p>The take-private deal underscores a wave of consolidation in the industry, and will help the companies grow their scale. Air Lease ended the second quarter with 495 planes in its owned fleet.</p>
<p>Including its backlog, Air Lease is the fifth-largest aircraft lessor, according to a tally by IBA. The parties expect the deal to close in the first half of 2026. The new company will be based in Dublin.</p>
<p>&#8220;It makes perfect sense when you consider it&#8217;s … the cheapest way to buy market growth,&#8221; said IBA&#8217;s Hatcher.</p>
<h2 class="RelatedContent-header">Read more CNBC airline news</h2>
<h2 class="ArticleBody-subtitle">Recent deals</h2>
<p>The Air Lease acquisition is the latest in a string of deals.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">General Electric<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> sold its aircraft leasing arm to No. 1 airplane lessor <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">AerCap<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> in 2021 as the conglomerate was spinning off units to focus on major businesses such as airplane engine manufacturing.</p>
<p>Two years ago, Standard Chartered agreed to sell its aircraft leasing business to AviLease, which is owned by Saudi Arabia&#8217;s sovereign wealth fund. </p>
<p>Steven Udvar-Hazy, chairman of Air Lease Corp., poses for a photograph after speaking at an Aviation Club lunch in London on Sept. 13, 2018.</p>
<p>Simon Dawson | Bloomberg | Getty Images</p>
<p>Often dubbed the &#8220;godfather&#8221; of aviation leasing, Udvar-Házy founded Air Lease in 2010, working closely with Air Lease CEO John Plueger.</p>
<p>&#8220;Since founding Air Lease in 2010, we have been unwavering in our mission to shape the future of the aviation industry and provide airlines around the world with access to the most modern, fuel-efficient aircraft,&#8221; Udvar-Házy said Tuesday.</p>
<p>Udvar-Házy, who fled Soviet Hungary with his parents in the late 1950s, has had a lifelong love of aviation and has often been credited with creating the aircraft leasing business. He co-founded his previous leasing company, later known as ILFC, in 1973, and it was later sold to AIG. He continued to run it until 2010 and announced his retirement from Air Lease this past March.</p>
<h2 class="RelatedContent-header">Don’t miss these insights from CNBC PRO</h2>
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		<title>Sam Altman brings World eye-scanning ID verification startup to UK</title>
		<link>https://www.ourstoryinsight.com/sam-altman-brings-world-eye-scanning-id-verification-startup-to-uk/</link>
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		<pubDate>Mon, 09 Jun 2025 05:55:42 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=7513</guid>

					<description><![CDATA[<p>Sam Altman&#8217;s identity verification venture World is launching its eye-scanning Orb product in the U.K. World LONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week. The venture, which uses a spherical eye-scanning device called the Orb to scan people&#8217;s eyes, will [&#8230;]</p>
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										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>Sam Altman&#8217;s identity verification venture World is launching its eye-scanning Orb product in the U.K.</p>
<p>World</p>
<p>LONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week.</p>
<p>The venture, which uses a spherical eye-scanning device called the Orb to scan people&#8217;s eyes, will become available in London from Thursday and is planning to roll out to several other major U.K. cities — including Manchester, Birmingham, Cardiff, Belfast, and Glasgow — in the coming months.</p>
<p>The project aims to authenticate the identity of humans with its Orb device and prevent the fraudulent abuse of artificial intelligence systems like deep fakes. </p>
<p>It works by scanning a person&#8217;s face and iris and then creating a unique code to verify that the individual is a human and not an AI.</p>
<p>Once someone has created their iris code, they are then gifted some of World&#8217;s WLD cryptocurrency and can use an anonymous identifier called World ID to sign into various applications. It currently works with the likes of Minecraft, Reddit and Discord.</p>
<h2 class="ArticleBody-subtitle">From &#8216;science project&#8217; to reality</h2>
<p>Adrian Ludwig, chief architect of Tools for Humanity, which is a core contributor to World, told CNBC on a call that the project is seeing significant demand from both enterprise users and governments as the threat of AI to defraud various services — from banking to online gaming — grows.</p>
<p>&#8220;The idea is no longer just something that&#8217;s theoretical. It&#8217;s something that&#8217;s real and affecting them every single day,&#8221; he said, adding that World is now transitioning &#8220;from science project to a real network.&#8221;</p>
<p>The venture recently opened up shop in the U.S. with six flagship retail locations including Austin, Atlanta, Los Angeles, Nashville, Miami and San Francisco. Ludwig said that looking ahead, the plan is to &#8220;increase the number of people who can be verified by an order of magnitude over the next few months.&#8221;</p>
<p>Ever since its initial launch as &#8220;Worldcoin&#8221; in 2021, Altman&#8217;s World has been plagued by concerns over how it could affect users&#8217; privacy. The startup says it addresses these concerns by encrypting the biometric data collected and ensuring the original data is deleted.</p>
<p>On top of that, World&#8217;s verification system also depends on a decentralized network of users&#8217; smartphones rather than the cloud to carry out individual identity checks.</p>
<p>Still, this becomes harder to do in a network with billions of users like Facebook or TikTok, for example. For now, World has 13 million verified users and is planning to scale that up.</p>
<p>Ludwig argues World is a scalable network as all of the computation and storage is processed locally on a user&#8217;s device — it&#8217;s only the infrastructure for confirming someone&#8217;s uniqueness that is handled by third-party providers.</p>
<h2 class="ArticleBody-subtitle">Digital ID schemes</h2>
<p>Ludwig says the way technology is evolving means it&#8217;s getting much easier for new AI systems to bypass currently available authentication methods such as facial recognition and CAPTCHA bot prevention measures.</p>
<p>He sees World serving a pertinent need in the transition from physical to digital identity systems. Governments are exploring digital ID schemes to move away from physical cards.</p>
<p>However, so far, these attempts have been far from perfect. </p>
<p>One example of a major digital identity system is India&#8217;s Aadhaar. Although the initiative has seen widespread adoption, it has also been the target of criticisms for lax security and allegedly worsening social inequality for Indians.</p>
<p>&#8220;We&#8217;re beginning to see governments now more interested in how can we use this as a mechanism to improve our identity infrastructure,&#8221; Ludwig told CNBC. &#8220;Mechanisms to identify and reduce fraud is of interest to governments.&#8221;</p>
<p>The technologist added that World has been talking to various regulators about its identity verification solution — including the Information Commissioner&#8217;s Office, which oversees data protection in the U.K.</p>
<p>&#8220;We&#8217;ve been having lots of conversations with regulators,&#8221; Ludwig told CNBC. &#8220;In general, there&#8217;s been lots of questions: how do we make sure this works? How do we protect privacy? If we engage with this, does it expose us to risks?&#8221;</p>
<p>&#8220;All of those questions we&#8217;ve been able to answer,&#8221; he added. &#8220;It&#8217;s been a while since we&#8217;ve had a question asked we didn&#8217;t have an answer to.&#8221;</p>
<p><span class="InlineVideo-videoButton"/><span/></p>
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		<title>The World Is Wooing U.S. Researchers Shunned by Trump</title>
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		<pubDate>Wed, 14 May 2025 07:50:34 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=7012</guid>

					<description><![CDATA[<p>Help Wanted. Looking for American researchers. As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted. For decades, trying to compete with American institutions and companies has [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p></p>
<p class="css-at9mc1 evys1bk0">Help Wanted. Looking for American researchers.</p>
<p class="css-at9mc1 evys1bk0">As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted.</p>
<p class="css-at9mc1 evys1bk0">For decades, trying to compete with American institutions and companies has been difficult. The United States was a magnet for top researchers, scientists and academics. In general, budgets were bigger, pay was bigger, labs and equipment were bigger. So were ambitions.</p>
<p class="css-at9mc1 evys1bk0">In 2024, the United States spent nearly $1 trillion — roughly 3.5 percent of total economic output — on research and development. When it came to the kind of long-term basic research that underpins American technological and scientific advancements, the government accounted for about 40 percent of the spending.</p>
<p class="css-at9mc1 evys1bk0">That’s the reason political, education and business leaders in advanced countries and emerging economies have long fretted over a brain drain from their own shores. Now they are seizing a chance to reverse the flow.</p>
<p class="css-at9mc1 evys1bk0">“This is a once-in-a-century brain gain opportunity,” the Australian Strategic Policy Institute declared, as it encouraged its government to act.</p>
<p class="css-at9mc1 evys1bk0">Last week, at the urging of more than a dozen members, the European Union announced it would spend an additional 500 million euros, or $556 million, over the next two years to “make Europe a magnet for researchers.”</p>
<p class="css-at9mc1 evys1bk0">Such a sum is paltry when compared with U.S. budgets. So it’s understandable if their appeals are met with a request to “show me the money.”</p>
<p class="css-at9mc1 evys1bk0">After all, salaries tend to be much lower in Europe. In France, for example, a 35-year-old researcher can expect to earn around €3,600 (about $4,000) a month before taxes, according to the French Education and Research ministry. A postdoctoral fellow at Stanford would stand to earn the equivalent of around €6,000 (about $6,685) a month in the United States.</p>
<p class="css-at9mc1 evys1bk0">Still, there is interest. Of 1,600 people who responded to a March poll in the journal Nature — many of them Ph.D. or postdoctoral students in the United States — three out of four said they were considering leaving the country because of the Trump administration’s policies.</p>
<p class="css-at9mc1 evys1bk0">And Europe’s more generous social safety net can make up for a large part of the salary differential, said Patrick Lemaire, the president of the College de Sociétés Savantes Académiques de France, an arm of an international council that represents about 50,000 academics in France.</p>
<p class="css-at9mc1 evys1bk0">“There is much less money in Europe, and the salaries are much lower,” he said. “But you also have very good social security and health care, which is free; school and university tuition are free.”</p>
<p class="css-at9mc1 evys1bk0">Here are some of the pitches offered by countries and universities around the world.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-67438c1"><span><strong class="css-8qgvsz ebyp5n10">France</strong></span></h3>
<p class="css-at9mc1 evys1bk0">In addition to the European Union, France pledged to put cash on the table last week. President Emmanuel Macron said his government would spend $113 million on a program to attract American researchers.</p>
<p class="css-at9mc1 evys1bk0">Other academic institutions are putting up their own money. Aix Marseilles University said it would spend up to $16.8 million to fund 15 foreign researchers. The offer has so far attracted more than 50 applicants, according to the journal Science. The University of Paris-Saclay is also establishing five new positions for American researchers.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-3462d6"><span><strong class="css-8qgvsz ebyp5n10">Spain</strong></span></h3>
<p class="css-at9mc1 evys1bk0">Diana Morant, the minister of science, innovation and universities in Spain, said the government was budgeting an additional €45 million to lure scientists “despised or undervalued by the Trump administration.” The program offers American researchers an extra $200,000 grant on top of a million-dollar package normally offered.</p>
<p class="css-at9mc1 evys1bk0">Catalonia, Spain’s prosperous northeastern region, announced a $34 million program to attract American researchers who “can see their academic freedom restricted.” Twelve universities will be helping to sponsor 78 “high quality” scientists in total from the United States over the next three years.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-4d65690a"><span><strong class="css-8qgvsz ebyp5n10">Denmark</strong></span></h3>
<p class="css-at9mc1 evys1bk0">Set to Bruce Springsteen’s “Born in the U.S.A.,” an Instagram post by Brian Mikkelsen, the chief executive of the Danish Chamber of Commerce, made this appeal: “This is a direct invitation to American researchers.” Talented people are losing their jobs or funding because politics is overshadowing science, he said. “We want you to know there is an alternative. In Denmark, we value science. We believe in facts.” He said the chamber and the society of engineers were asking to fast-track 200 positions for researchers over the next three years. There was no mention of funding.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-6bc5a7f"><span><strong class="css-8qgvsz ebyp5n10">Sweden</strong></span></h3>
<p class="css-at9mc1 evys1bk0">Johan Pehrson, Sweden’s minister of education, organized a meeting last month with officials from nine universities to discuss how to attract disgruntled talent. “To American academics and scientists: We need you!” he wrote on X. Alas, there was no musical accompaniment or money mentioned.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-651ce2c"><span><strong class="css-8qgvsz ebyp5n10">Norway</strong></span></h3>
<p class="css-at9mc1 evys1bk0">“Academic freedom is under pressure in the U.S.,” said Jonas Gahr Store, the prime minister of Norway. The government is offering 100 million kroner, or $9.6 million, to fund experienced American and other international researchers next year.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-3779b0f7"><span><strong class="css-8qgvsz ebyp5n10">Britain</strong></span></h3>
<p class="css-at9mc1 evys1bk0">The Labour Party government is reportedly planning to spend 50 million pounds, or $66 million, to finance and relocate international scientists.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-58a6151"><span><strong class="css-8qgvsz ebyp5n10">Canada</strong></span></h3>
<p class="css-at9mc1 evys1bk0">The University Health Network in Toronto and other foundations are devoting 30 million Canadian dollars ($21.5 million) to recruit 100 young scientists from the United States and elsewhere. In April, the University of British Columbia initiated “U.S. Applicant Week” and reopened applications for some graduate programs to give American students another chance to apply.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-470a7352"><span><strong class="css-8qgvsz ebyp5n10">Portugal</strong></span></h3>
<p class="css-at9mc1 evys1bk0">Citing Trump administration policies, Portugal’s NOVA Medical School announced that it would budget an additional $2 million to cover the salaries of “international researchers of excellence” for three years and some relocation costs.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-31cdfc4c"><span><strong class="css-8qgvsz ebyp5n10">Austria</strong></span></h3>
<p class="css-at9mc1 evys1bk0">“The destruction of freedom of science and democracy in the U.S.A. leaves me speechless,” Eva-Maria Holzleitner, the minister of women, science and research, said in an Instagram video. “We are working on programs to provide a safe haven for students and scientists at risk.”</p>
<p class="css-at9mc1 evys1bk0">Last month, Austria opened its own national portal on Euraxess — Researchers in Motion, a platform supported by 43 European nations that offers a wide database of job offers, scholarships and grants as well as information about organizing a research project in Europe.</p>
<h3 class="css-15h6bi9 e1gnsphs0" id="link-9bc7a1f"><span><strong class="css-8qgvsz ebyp5n10">Australia</strong></span></h3>
<p class="css-at9mc1 evys1bk0">The Australian Academy of Science began a global talent search last month, with its president stating there was an “urgent and unparalleled opportunity to attract the smartest minds leaving the United States.” The callout asked for donations to finance the effort.</p>
<p class="css-at9mc1 evys1bk0">Ireland, Belgium, South Korea and China have also talked about starting programs directed at researchers, scientists and students in the United States.</p>
<p class="css-798hid etfikam0">Liz Alderman contributed reporting from Paris.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/the-world-is-wooing-u-s-researchers-shunned-by-trump/">The World Is Wooing U.S. Researchers Shunned by Trump</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Osaka World Expo Recalls a Faded Dynamism From Japan in 1970</title>
		<link>https://www.ourstoryinsight.com/osaka-world-expo-recalls-a-faded-dynamism-from-japan-in-1970/</link>
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		<pubDate>Sun, 20 Apr 2025 13:11:10 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dynamism]]></category>
		<category><![CDATA[Expo]]></category>
		<category><![CDATA[Faded]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Osaka]]></category>
		<category><![CDATA[recalls]]></category>
		<category><![CDATA[World]]></category>
		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=6548</guid>

					<description><![CDATA[<p>When Osaka first hosted the World Expo in 1970, a quarter-century after World War II, Japan’s economy was newly affluent and expanding so rapidly it was hailed as an economic miracle. The Expo broadcast that momentum to the world. It was the first World Expo — a tradition dating to 1851 where countries gather to [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/osaka-world-expo-recalls-a-faded-dynamism-from-japan-in-1970/">Osaka World Expo Recalls a Faded Dynamism From Japan in 1970</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p></p>
<p class="css-at9mc1 evys1bk0">When Osaka first hosted the World Expo in 1970, a quarter-century after World War II, Japan’s economy was newly affluent and expanding so rapidly it was hailed as an economic miracle. The Expo broadcast that momentum to the world.</p>
<p class="css-at9mc1 evys1bk0">It was the first World Expo — a tradition dating to 1851 where countries gather to show off their cultures and achievements — to be held in Asia. Japan spent lavishly, displaying innovations like moving walkways, prototype cordless phones and a 230-foot sculpture with a gold mask said to be looking toward the future. The Expo drew 64 million visitors — equivalent to over half the population of Japan at the time.</p>
<p class="css-at9mc1 evys1bk0">Now, 55 years later, Osaka is hosting the World Expo again. On an artificial island in the city’s bay, architects have erected a mile-long wooden ring encircling dozens of pavilions. But while the current Expo, which opened a week ago, seeks to recapture the fervor of its predecessor, Japan stands in stark contrast to where it was in 1970.</p>
<p class="css-at9mc1 evys1bk0">Since the bursting of Japan’s real estate and stock bubbles in the early 1990s, the economy has stagnated. The country’s population is shrinking and rapidly aging. Debt levels have ballooned and prospects for growth are being further imperiled by escalating trade tensions with the United States.</p>
<p class="css-at9mc1 evys1bk0">When thinking back to the decades since the 1970 Expo, many visitors to the original event, now in their 60s or older, allude to a feeling of Japan’s economic might having “sunk” in a world increasingly roiled by trade divisions. Some hope the current Expo may prove to be a moment of national reinvention.</p>
<p class="css-at9mc1 evys1bk0">In a quiet neighborhood in Osaka, a few rail stops away from the 2025 Osaka Expo site, Takahiro Moritaka, 65, runs a small restaurant serving savory Japanese pancakes that he flips on a griddle behind the counter. He was 10 when his parents took him to the 1970 Expo.</p>
<p class="css-at9mc1 evys1bk0">“The atmosphere was very different then,” Mr. Moritaka said. “In the 1970s, it was a feeling of many things being on the rise and moving forward rapidly.”</p>
<p class="css-at9mc1 evys1bk0">The 1970 Expo was, for Mr. Moritaka and many in his generation, one of their first experiences with the other cultures showcased by the event’s pavilions and exhibits. It was at the Expo that Mr. Moritaka and others saw foreigners for the first time and tasted foods like Kentucky Fried Chicken.</p>
<p class="css-at9mc1 evys1bk0">It was also around this time that many in the West were becoming aware of modern Japan and the tremendous strides its economy had made since its military defeat in World War II. Steel, electronics, and automobile pavilions showed off futuristic iterations of products Japan was increasingly exporting overseas. </p>
<p class="css-at9mc1 evys1bk0">The aim of Expos at the time, including one held previously in New York in 1939, was for “great powers” to “showcase how they viewed the world and the technologies that they achieved,” said Kenji Yoshida, a senior adviser for the 2025 Expo.</p>
<p class="css-at9mc1 evys1bk0">Now, he said, “55 years have passed, and Japan and its relationship with the world have changed.”</p>
<p class="css-at9mc1 evys1bk0">During the lead-up to this year’s Expo, the national excitement that surrounded the 1970 event has been noticeably absent. That’s despite Expo advertisements scattered throughout Japan’s train stations and a late-blooming national love for the event’s mascot, a red and blue, globular ring-shaped creature named Myaku-Myaku.</p>
<p class="css-at9mc1 evys1bk0">The Expo organizers have said they want to attract more than 28 million visitors over the six months the event will continue. But ticket sales have lagged well behind that target. The Expo has also been criticized as a waste of taxpayer money, with costs surging about $1 billion above original projections.</p>
<p class="css-at9mc1 evys1bk0">More recently, an even darker shadow was cast over the event by President Trump, who, a few days before the Expo’s open, announced double-digit percentage tariffs on many of the countries participating in the gathering. That included a 24 percent tariff on Japanese goods that Japan’s prime minister called a “national crisis.”</p>
<p class="css-at9mc1 evys1bk0">Hiroki Ogasawara, a professor of intercultural studies at Kobe University, said that escalating trade hostilities would probably continue to dominate global attention in the coming months and color the way the Expo is remembered. “What is the world currently focused on? Trump’s tariffs,” he said.</p>
<p class="css-at9mc1 evys1bk0">With regard to the Expo, Mr. Ogasawara said, “It may only be Japan that is paying attention.”</p>
<p class="css-at9mc1 evys1bk0">Early on Monday, the day after the Expo’s opening, Eiko Nakanishi, 49, and her father, Masao Nakanishi, 77, made a beeline to the American pavilion. Inside the wedge-shaped buildings, a red, white and blue digital star danced across screens depicting past space missions while a voice sang about the virtues of the world working together.</p>
<p class="css-at9mc1 evys1bk0">Ms. Nakanishi said her father had wanted to go to the American pavilion to see a moon rock collected during the Apollo space mission in 1972 — much like the moon rock he saw displayed at the 1970 Expo when he was 22.</p>
<p class="css-at9mc1 evys1bk0">Ms. Nakanishi said she was impressed by the technologies on display at the Expo. “Japanese society as a whole is sinking, and society is becoming one where it is not easy to feel motivated,” Ms. Nakanishi said. “But coming here makes you think that the future can be bright,” she said.</p>
<p class="css-at9mc1 evys1bk0">The previous day, Katsumi Kusada, 81, and his wife Yaeko, 77, traveled with an Expo tour group from Hiroshima, in Japan’s southwest, to Osaka. But rather than attend the opening day ceremonies, they were sitting on a bench across town in a park commemorating the previous 1970 Osaka Expo.</p>
<p class="css-at9mc1 evys1bk0">Both of the Kusadas said they remember Japan’s liveliness and excitement during the Expo 55 years ago. Mr. Kusada was a toddler when the United States dropped an atomic bomb on Hiroshima in 1945, and his father died in the blast. For him, the 1970 event “felt like a place where you could have dreams about the future,” he said.</p>
<p class="css-at9mc1 evys1bk0">“Today, too, there are wars, and Japan’s population is shrinking and shrinking,” Mr. Kusada said. While he didn’t think the Expo would have implications for either of those realities, he said that he still appreciated the event as a kind of festival.</p>
<p class="css-at9mc1 evys1bk0">“I’ve always been fond of festivals,” Mr. Kusada said. “All of Japan enjoys a festival.”</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/osaka-world-expo-recalls-a-faded-dynamism-from-japan-in-1970/">Osaka World Expo Recalls a Faded Dynamism From Japan in 1970</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Trump vows to make US &#8216;undisputed Bitcoin superpower and crypto capital of the world&#8217;</title>
		<link>https://www.ourstoryinsight.com/trump-vows-to-make-us-undisputed-bitcoin-superpower-and-crypto-capital-of-the-world/</link>
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		<pubDate>Fri, 21 Mar 2025 07:12:04 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=5960</guid>

					<description><![CDATA[<p>President Donald Trump vowed to make America “the undisputed Bitcoin superpower and the crypto capital of the world” in remarks to the Blockworks Digital Assets Summit on Thursday. A pre-recorded video address by Trump was played at the summit in New York City. The president said his team was ending former President Joe Biden’s administration’s “regulatory war [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/trump-vows-to-make-us-undisputed-bitcoin-superpower-and-crypto-capital-of-the-world/">Trump vows to make US &#8216;undisputed Bitcoin superpower and crypto capital of the world&#8217;</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>President Donald Trump vowed to make America “the undisputed Bitcoin superpower and the crypto capital of the world” in remarks to the Blockworks Digital Assets Summit on Thursday.</p>
<p>A pre-recorded video address by Trump was played at the summit in New York City. </p>
<p>The president said his team was ending former President Joe Biden’s administration’s “regulatory war on crypto and Bitcoin,” and Trump said he has called on Congress “to pass landmark legislation creating simple, common-sense rules for stablecoins and market structure.” </p>
<p>“With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history. It’s so big. It’s, I think, as big as you can get,” Trump said. </p>
<p>The president told those in attendance that “pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike.” </p>
<p>“You will unleash an explosion of economic growth, and with the dollar-backed stablecoins, you’ll help expand the dominance of the U.S. dollar,” Trump said.</p>
<p>“And many, many years to come, it’ll be at the top. And that’s where we want to keep it. We only want to keep it at the top always.”</p>
<p>“I can already see that the energy and passion of the crypto community is the kind of spirit that built our country, and it is exciting to watch as you invent the future of finance,” Trump said. </p>
<p>“And right here, it’s going to be right here in the USA, the good ole USA. Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.” </p>
<p>President Donald Trump said his administration is ending Joe Biden’s “regulatory war on crypto and Bitcoin.” <span class="credit">FOX. Business</span></p>
<p>Trump told those attending the Blockworks Digital Assets Summit on Thursday that “pioneers like you will be able to improve our banking and payment system.”  <span class="credit">AP</span></p>
<p>“Thank you, and good luck. God Bless America,” he concluded. </p>
<p>Trump began his address by saying it was an honor to speak about <strong>“</strong>how the United States is going to dominate crypto and the next generation of financial technologies.”</p>
<p>“It’s not going to be easy, but we’re way ahead,” the president said. </p>
<p>Two weeks ago, as Trump recalled, his administration hosted the first-ever White House Digital Asset Summit. </p>
<p>The event brought together White House artificial intelligence and crypto czar David Sacks, who Trump described as a “fantastic and very brilliant guy,” and many of the world’s top crypto leaders for a discussion on the future of the industry. </p>
<p>Trump further mentioned, “You will unleash an explosion of economic growth, and with the dollar-backed stablecoins, you’ll help expand the dominance of the U.S. dollar.” <span class="credit">Getty Images</span></p>
<p>That same week, Trump said he signed an order “creating the brand-new strategic Bitcoin Reserve and the U.S. digital assets stockpile, which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long-term value, which is exactly what Biden did.” </p>
<p>“He got a fraction of their value,” Trump said.</p>
<p>Sacks at the time compared the Bitcoin Reserve to “a digital Fort Knox for the cryptocurrency often called ‘digital gold.’” </p>
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<p>The president said his administration’s action included stopping “the lawless operation Chokepoint 2.0.” </p>
<p>“Operation Choke Point went beyond regulation, and I mean far beyond. It was a form of lawfare through government weaponization. Frankly, it was a disgrace,” Trump said. </p>
<p>“But as of January 20th, 2025, all of that is over,” Trump said. </p>
<p>The president was referring to how Paul Grewal, the chief legal officer for Coinbase, considered one of the largest cryptocurrency exchange platforms, in December shared documents that he and his team had obtained following Freedom of Information Act requests. </p>
<p>They paralleled a protracted legal battle between the company and the Securities and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC). </p>
<p>The uncovered documents allegedly confirmed suspicions that cryptocurrency tech founders were being “debanked” under a program known colloquially as “Operation Chokepoint 2.0.” </p>
<p>They showed that the Biden administration’s FDIC sent numerous letters to banks, calling on them to “pause all crypto-asset-related activity.”</p>
<p>Fox News Digital’s Alec Schemmel contributed to this report.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/trump-vows-to-make-us-undisputed-bitcoin-superpower-and-crypto-capital-of-the-world/">Trump vows to make US &#8216;undisputed Bitcoin superpower and crypto capital of the world&#8217;</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Motherhood Memoirs from Around the World</title>
		<link>https://www.ourstoryinsight.com/motherhood-memoirs-from-around-the-world/</link>
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		<pubDate>Sun, 02 Mar 2025 09:14:00 +0000</pubDate>
				<category><![CDATA[Literature]]></category>
		<category><![CDATA[Memoirs]]></category>
		<category><![CDATA[Motherhood]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=5596</guid>

					<description><![CDATA[<p>Pierce Alquist is a transplanted New Yorker living and working in the publishing scene in Boston. Don’t worry if she fooled you, the red hair is misleading. She’s a literature in translation devotee and reviewer and lover of small, independent presses. A voracious traveler and foodie, you can find her in her kitchen making borscht [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/motherhood-memoirs-from-around-the-world/">Motherhood Memoirs from Around the World</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>			<span class="author-bio--auth-inner"></p>
<p class="author-bio--description">Pierce Alquist is a transplanted New Yorker living and working in the publishing scene in Boston. Don’t worry if she fooled you, the red hair is misleading. She’s a literature in translation devotee and reviewer and lover of small, independent presses. A voracious traveler and foodie, you can find her in her kitchen making borscht or covered in red pepper paste as she perfects her kimchi recipe.</p>
<p class="author-bio--posts-link">View All posts by Pierce Alquist</p>
<p>			</span></p>
<p>		<span class="spnsr-name">North Atlantic Books</span></p>
<p>In her new gripping memoir Catherine Simone Gray reckons with the questions what happens when survivors become mothers and what if we give half the attention to understanding our pleasure as we have to our pain? Gray reminds us that even amid pain, our bodies can teach us new truths about our capacity to heal and experience pleasure. Proud Flesh rewrites the body of the mother beyond the borders—bold, defiant, and heart-stoppingly true, it’s an unputdownable memoir and a force of nature.</p>
<p>“Why the obsession with motherhood?” writes author and journalist Gabriela Wiener in her book Nine Moons, translated by Jessica Powell. And it’s a question so many writers turn their minds to. It’s perhaps not surprising. Motherhood, in one way or another, affects us all—even the not having or the not doing can create tensions, pain, and societal implications that many have to grapple with. But perhaps more interestingly to writers and other creative minds, it overlaps with so many other significant subjects in our lives, like power and wealth; race, gender, and sexuality; language and culture; science and the environment, among others. Among the many books to choose from, I found that I was personally drawn to titles that were more international, translated from languages other than English. I’m grateful to the talented translators of these motherhood memoirs. Their work allows me to read more widely and think deeply and intentionally about what it means to be a mother all over the world.</p>
<h2 class="wp-block-heading">6 Motherhood Memoirs</h2>
<h3 class="bookblurb__booktitle">Breathe by Imani Perry</h3>
<p>In Breathe, author, critic, and historian Imani Perry writes movingly about what it means to raise Black sons in America. It is at once a letter to her sons, a memoir sifting through her life and her son’s formative years, and a resounding challenge to society to see her sons—and all Black children—as precious and deserving of humanity. At one point in the midst of Breathe, Perry writes, “I live for the life of the mind and heart.” It’s a simple statement in the midst of so much that’s insightful and profound in the collection but it struck me as a perfect capturing of the book. Breathe is a thoughtful and intimate glimpse into one of the brightest minds writing today but there is an equal amount of care and heart. It’s a special combination that I’ve treasured.</p>
<h3 class="bookblurb__booktitle">Nine Moons by Gabriela Wiener, translated by Jessica Powell</h3>
<p>Gabriela Wiener is an award-winning Peruvian journalist and author who is known for her wild explorations of sex, identity, and gender. Her personal accounts in the book Sexographies, also translated by Jessica Powell, range from infiltrating the most dangerous Peruvian prison to detailed encounters at sex clubs and being whipped by a dominatrix in public. In Nine Moons, she approaches her pregnancy and motherhood in a similar full-bodied approach. One of my favorite early images in the book is her growing pile of books on motherhood next to her recent research on various sexual subcultures. Her work is fierce and funny and brilliant, and it’s a necessary and exhilarating addition to the genre as she discusses so much that is often left unsaid in other books about motherhood—like her abortions and her lust.</p>
<h3 class="bookblurb__booktitle">Linea Nigra: An Essay on Pregnancy and Earthquakes by Jazmina Barrera, translated by Christina MacSweeney</h3>
<p>I loved Jazmina Barrera’s debut work of nonfiction, On Lighthouses, translated by the legend Christina MacSweeney, where she melds memoir and literary history while examining what lighthouses mean to her and more widely to us all through the works of Virginia Woolf, Edgar Allan Poe, Ingmar Bergman, and many others. So it’s no surprise that I would love her exploration of pregnancy, motherhood, and art. Like On Lighthouses, Linea Negra is a memoir and also so much more. Barrera chronicles her own pregnancy and early motherhood while also reflecting on representations of motherhood in art and literature. I was particularly struck by the collection of resources she presents at the back of the book—poems, short stories, interviews, and essays—that she read while breastfeeding, the act of the artist feeding herself as she feeds her child. This urgent and intimate book is one of the most stunning I’ve ever read.</p>
<h3 class="bookblurb__booktitle">In Vitro: On Longing and Transformation by Isabel Zapata, translated by Robin Myers</h3>
<p>In Vitro overwhelmed me on my first reading. It is a stunning meditation on motherhood and in vitro fertilization and all that the procedure and many other fertility treatments encompass—bodies, science, humanity, patience, grief, and so much more. The book feels like both an essay and a diary and each entry is crushingly intimate and honest. It’s a realness that I crave when I read books on pregnancy and motherhood, and I found myself enthralled by the brevity and intensity of the writing and the white space on each page that speaks to longing and possibility. I was deeply moved by Robin Myers’s translator’s note where she writes that she felt “raw and porous” as she translated the text, saying “it wasn’t so much that I identified with the stories it tells as I felt instantly exposed to them, vulnerable to what they might stir up in me.”</p>
<h3 class="bookblurb__booktitle">Motherhood and Its Ghosts by Iman Mersal, translated by Robin Moger</h3>
<p>Iman Mersal is considered by many to be Egypt’s premier poet, and I’d argue she’s one of the world’s foremost poets. She is also the author of Traces of Enayat, winner of the prestigious Sheikh Zayed Book Award—making Mersal the first woman to win in the literature category. In that remarkable work of creative nonfiction, Mersal retraces the mysterious life and loss of Egyptian writer Enayat al-Zayyat, who took her life in 1963, at the age of 27, four years before the publication of her novel. Motherhood and Its Ghosts comes in the same vein as that fascinating and multilayered project. In this book, Mersal writes about her own mother, who died giving birth at age 27. Mersal has only one photo of her mother, and years later, when Mersal becomes a mother herself, she begins to think about the nature of motherhood. She muses on its many representations—the images, dreams, and ghosts of motherhood—using photographs, readings, and her own journal entries. The result is a searching, intimate, and captivating volume that deserves a place among the best writing and thinking about motherhood.</p>
<h3 class="bookblurb__booktitle">The Argonauts by Maggie Nelson</h3>
<p>Sometimes classics are classics for a very good reason and such is the case with Maggie Nelson’s genre-bending memoir The Argonauts. Nelson writes of gender, sexuality, queer family-making, and motherhood as only she could, blending the words of theorists like Judith Butler and Eve Kosofsky Sedgwick with her own personal story and sharp observations. It is somehow both raw and romantic and while many have focused on the radical and political nature of the book over the years, I find I’m often thinking about the intimate and tender moments of partnership and parenting in the book.</p>
<p>For additional reading, I’d recommend Jaime Herndon’s excellent personal piece about the many complexities involved in motherhood memoirs, How I Learned to Love the Motherhood Memoir Again (Sort Of). </p>
<p>You can also explore Book Riot’s motherhood archives for more great posts.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/motherhood-memoirs-from-around-the-world/">Motherhood Memoirs from Around the World</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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