New Twitter Rules Expose Election Offices to Spoof Accounts

Tracking down accurate information about Philadelphia’s elections on Twitter used to be easy. The account for the city commissioners who run elections, @phillyvotes, was the only one carrying a blue check mark, a sign of authenticity.

But ever since the social media platform overhauled its verification service last month, the check mark has disappeared. That’s made it harder to distinguish @phillyvotes from a list of random accounts not run by the elections office but with very similar names.

The election commission applied weeks ago for a gray check mark — Twitter’s new symbol to help users identify official government accounts – but has yet to hear back from the Twitter, commission spokesman Nick Custodio said. It’s unclear whether @phillyvotes is an eligible government account under Twitter’s new rules.

That’s troubling, Custodio said, because Pennsylvania has a primary election May 16 and the commission uses its account to share important information with voters in real time. If the account remains unverified, it will be easier to impersonate – and harder for voters to trust – heading into Election Day.

Impostor accounts on social media are among many concerns election security experts have heading into next year’s presidential election. Experts have warned that foreign adversaries or others may try to influence the election, either through online disinformation campaigns or by hacking into election infrastructure.

Election administrators across the country have struggled to figure out the best way to respond after Twitter owner Elon Musk threw the platform’s verification service into disarray, given that Twitter has been among their most effective tools for communicating with the public.

Some are taking other steps allowed by Twitter, such as buying check marks for their profiles or applying for a special label reserved for government entities, but success has been mixed. Election and security experts say the inconsistency of Twitter’s new verification system is a misinformation disaster waiting to happen.

“The lack of clear, at-a-glance verification on Twitter is a ticking time bomb for disinformation,” said Rachel Tobac, CEO of the cybersecurity company SocialProof Security. “That will confuse users – especially on important days like election days.”

The blue check marks that Twitter once doled out to notable celebrities, public figures, government entities and journalists began disappearing from the platform in April. To replace them, Musk told users that anyone could pay $8 a month for an individual blue check mark or $1,000 a month for a gold check mark as a “verified organization.”

The policy change quickly opened the door for pranksters to pose convincingly as celebrities, politicians and government entities, which could no longer be identified as authentic. While some impostor accounts were clear jokes, others created confusion.

Fake accounts posing as Chicago Mayor Lori Lightfoot, the city’s Department of Transportation and the Illinois Department of Transportation falsely claimed the city was closing one of its main thoroughfares to private traffic. The fake accounts used the same photos, biographical text and home page links as the real ones. Their posts amassed hundreds of thousands of views before being taken down.

Twitter’s new policy invites government agencies and certain affiliated organizations to apply to be labeled as official with a gray check. But at the state and local level, qualifying agencies are limited to “main executive office accounts and main agency accounts overseeing crisis response, public safety, law enforcement, and regulatory issues,” the policy says.

The rules do not mention agencies that run elections. So while the main Philadelphia city government account quickly received its gray check mark last month, the local election commission has not heard back.

Election offices in four of the country’s five most populous counties — Cook County in Illinois, Harris County in Texas, Maricopa County in Arizona and San Diego County — remain unverified, a Twitter search shows. Maricopa, which includes Phoenix, has been targeted repeatedly by election conspiracy theorists as the most populous and consequential county in one of the most closely divided political battleground states.

Some counties contacted by The Associated Press said they have minimal concerns about impersonation or plan to apply for a gray check later, but others said they already have applied and have not heard back from Twitter.

Even some state election offices are waiting for government labels. Among them is the office of Maine Secretary of State Shenna Bellows.

In an April 24 email to Bellows’ communications director reviewed by The Associated Press, a Twitter representative wrote that there was “nothing to do as we continue to manually process applications from around the world.” The representative added in a later email that Twitter stands “ready to swiftly enforce any impersonation, so please don’t hesitate to flag any problematic accounts.”

An email sent to Twitter’s press office and a company safety officer requesting comment was answered only with an autoreply of a poop emoji.

“Our job is to reinforce public confidence,” Bellows told the AP. “Even a minor setback, like no longer being able to ensure that our information on Twitter is verified, contributes to an environment that is less predictable and less safe.”

Some government accounts, including the one representing Pennsylvania’s second-largest county, have purchased blue checks because they were told it was required to continue advertising on the platform.

Allegheny County posts ads for elections and jobs on Twitter, so the blue check mark “was necessary,” said Amie Downs, the county’s communications director.

When anyone can buy verification and when government accounts are not consistently labeled, the check mark loses its meaning, Colorado Secretary of State Jena Griswold said.

Griswold’s office received a gray check mark to maintain trust with voters, but she told the AP she would not buy verification for her personal Twitter account because “it doesn’t carry the same weight” it once did.

Custodio, at the Philadelphia elections commission, said his office would not buy verification either, even if it gets denied a gray check.

“The blue or gold check mark just verifies you as a paid subscriber and does not verify identity,” he said.

Experts and advocates tracking election discourse on social media say Twitter’s changes do not just incentivize bad actors to run disinformation campaigns — they also make it harder for well-meaning users to know what’s safe to share.

“Because Twitter is dropping the ball on verification, the burden will fall on voters to double check that the information they are consuming and sharing is legitimate,” said Jill Greene, voting and elections manager for Common Cause Pennsylvania.

That dampens an aspect of Twitter that until now had been seen as one of its strengths – allowing community members to rally together to elevate authoritative information, said Mike Caulfield, a research scientist at the University of Washington’s Center for an Informed Public.

“The first rule of a good online community user interface is to ‘help the helpers.’ This is the opposite of that,” Caulfield said. “It takes a community of people who want to help boost good information, and robs them of the tools to make fast, accurate decisions.”

Yellen to US Congress: Raise Debt Ceiling or Face Economic Calamity

Treasury Secretary Janet Yellen reiterated that the United States could run out of cash as early as June 1. Her warning comes days before President Joe Biden is expected to hold meetings with Democrats and Republicans about the need to raise the debt ceiling. VOA’s Veronica Balderas Iglesias explains what’s at stake. Video editor: Marcus Harton.

US Treasury Chief: ‘Financial Catastrophe’ if Debt Ceiling Not Increased 

U.S. Treasury chief Janet Yellen warned Sunday of an “economic and financial catastrophe” for the United States and the world economy if President Joe Biden and Congress cannot agree on raising the country’s debt ceiling so the government can continue to pay its bills.

“Early June is when we run out of cash” to pay ongoing bills, Yellen told ABC’s “This Week” show, although she allowed that there is “a lot of uncertainty” on exactly what day that might be.

The U.S. Treasury has already taken “extraordinary measures” to continue to pay debts since reaching the country’s $31.4 trillion borrowing limit in January, but Yellen said, “Our ability to do that is running out and we will start to run down our cash.”

“The day will come when we are unable to pay our bills,” she said.

Biden has invited top congressional leaders to the White House on Tuesday to discuss how to avert the looming crisis.

The Democratic president has for months called on Congress, including the House of Representatives narrowly controlled by Republicans, to hike the debt ceiling without other conditions.

But instead, House Republicans, by a two-vote margin, last month approved a debt ceiling increase for a year while attaching broad government spending cuts for social programs and climate control measures that Biden and congressional Democrats oppose.

The U.S. has never defaulted on its debt — payments for programs Congress has already approved — but Yellen warned that if the government runs out of cash, interest payments on U.S. government bonds held by Americans and overseas governments could be curtailed, monthly Social Security payments to older people and health care payments to their doctors could be delayed, and businesses could furlough thousands of workers.

“There could be a steep decline in the stock market,” she said, and the country’s creditworthiness questioned.

The U.S. has raised its debt ceiling 78 times, under both Democratic and Republican presidents. Amid the current uncertainty, some Washington analysts are predicting that Biden and Republican opponents could in the coming weeks reach an agreement that both could claim as a victory of sorts, with the debt ceiling raised and Biden agreeing separately to curb spending in the fiscal year that starts October 1.

White House advisers have also been considering whether, for the first time, to invoke the U.S. Constitution’s 14th Amendment, which says that the full faith and credit of the United States shall not be questioned. Use of the provision would almost certainly draw a legal challenge from those opposed to unilaterally increasing the debt ceiling.

Yellen did not rule out invoking use of the constitutional provision but characterized it as among a list of bad options.

“I don’t want to consider emergency options,” she said.

How China, Russia Might Capitalize on US Debt Limit ‘Chaos’

US officials are warning that China and Russia would capitalize on the ‘chaos’ that would ensue if the United States defaulted on its debt. The warnings come amid a monthslong standoff between President Joe Biden and Republicans in securing congressional approval to raise the nation’s debt limit. White House Bureau Chief Patsy Widakuswara has the story.

State, Local Agencies Prepare for End of COVID-19 Emergency

“Being in hospitals during the early days of COVID-19 was terrifying, like I was going to war. But as far as I’m concerned, those days are done, Danielle King, a nurse working in Luling, Louisiana, told VOA.

“I think it’s pretty obvious that the pandemic was over a year ago,” she added. “The government’s lagging behind that reality, so maybe they’ll finally catch up.”

The U.S. government will take a big step in that direction Thursday as Washington officially declares an end to the coronavirus pandemic by allowing the COVID-19 Public Health Emergency (PHE) to expire.

The emergency was first instituted more than three years ago to provide funding and resources that would keep Americans safe during the then-growing global pandemic.

While many health care officials agree the time is right to end the national emergency and let state and local governments allocate resources to the COVID-19 response, some worry the move will harm Americans — particularly the impoverished — who will be less likely to afford vaccinations and risk being dropped from government programs such as Medicaid.

“It’s regrettable, but we have no certainty on what impact the PHE’s end will have on the public,” said Amy Pisani, CEO of Vaccinate Your Family, a national nonprofit organization.

“Public health advocates haven’t had a seat at the table to discuss how the end of the PHE declaration will look,” she said. “We know, for example, that COVID-19 vaccinations have been essential in keeping us safe, but how will uninsured adults access and afford the vaccines when the PHE is done? How long will free vaccines be available? Will it vary from region to region? We have no idea. All we know is it’s going to affect a lot of people.”

‘No longer a threat’

The PHE was first declared in January 2020 by former Health and Human Services Secretary Alex Azar.

Since entering office in 2021, President Joe Biden has repeatedly extended the emergency. Many public health officials, including Dr. Jeffrey Elder, associate chief medical officer for emergency management at LCMC Health in New Orleans, Louisiana, believe the emergency allowed the government to take sweeping steps to support the country’s economic, health and welfare systems throughout the crisis.

“The PHE supported and funded nationwide coronavirus testing, the research and distribution of vaccinations and treatments, telehealth services, disaster responses, hospital-at-home services, nurse aide training for nursing homes and so much more,” Elder told VOA.

“And it gave our patients the comfort of knowing they couldn’t be kicked off their Medicaid insurance coverage during the emergency,” he added. “It was invaluable.”

Most public health officials, however, acknowledge the coronavirus no longer presents the crisis it once did, and the PHE may no longer be necessary.

“While we continue to see illness and deaths from COVID-19, it is no longer the threat it once was, thanks to testing, vaccines and treatment,” said Dr. Susan Kansagra, director of the North Carolina Department of Health and Human Services Division of Public Health.

She believes COVID-19 will soon be treated as routinely as other respiratory illnesses the country regularly faces.

Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia, said this is a good thing.

“To call this an emergency is to elevate it above other viruses that are causing basically the same number of hospitalizations and deaths,” he said.

“I think there’s a danger to that, and I see that danger with some of my friends,” Offit said. “When their 8-year-old is sick they say, ‘Oh, I hope it’s not COVID,’ and then they test them. If they test negative, they just send them to school or to their grandparents or wherever they are going, as if it’s OK to pass on whatever disease they do have. Maybe putting coronavirus on the level of these other diseases will encourage us to take their spread all a little more seriously, as well.”

‘Wide-ranging chaos’

Coronavirus cases and deaths continue to drop, but thousands of Americans are still affected by the disease. According to the Centers for Disease Control and Prevention, 1,773 people died of COVID-19 during the week ending April 5.

Some fear that with so many people still being impacted, suddenly ending the declaration could create a new set of problems.

“An abrupt end to the emergency declarations would create wide-ranging chaos and uncertainty throughout the health care system — for states, for hospitals and doctors’ offices, and most importantly, for tens of millions of Americans,” the Office of Management and Budget wrote in a Statement of Administration Policy earlier this year.

Dr. Joe McLaughlin, Alaska state epidemiologist, believes ending the PHE can reduce government spending and help the country return to a more traditional health care model. But he warns of downsides.

“We’re going to see fewer health care provider flexibilities, a reduction in access to over-the-counter tests and a decrease in some social safety net benefits. This is definitely going to affect people,” he said.

Of particular concern to health care providers is that states will no longer be forbidden from dropping enrollees from Medicaid, a federal health care program for the poor and disadvantaged, as they were during the PHE. In the months following the emergency’s conclusion, the Kaiser Family Foundation estimates that between 5.3 million and 14.2 million of America’s most vulnerable will lose their Medicaid coverage.

Additionally, it is expected that COVID-19 tests and vaccinations will no longer be offered free of charge. Once the government stops buying vaccines, the cost is expected to skyrocket. Pfizer announced it could charge as much as $130 per dose.

Challenge and opportunity

“I think it’s the right time to end it,” New Orleans nurse Brandon Legnion said of the PHE.

“I don’t think I’ve seen or heard of a single COVID-positive admission at our hospital in the last six months,” he told VOA. “The demand for PPE [personal protective equipment] and vaccines are way down, so maybe it’s time to treat coronavirus patients with the same well-researched protocols we use for other airborne transmitted diseases like tuberculosis or varicella [chickenpox].”

Ending the PHE will restructure the federal government’s COVID-19 response as an endemic, rather than a pandemic, managed through government agencies’ normal authorities. In addition to tapering coronavirus relief funds, the development of vaccines and treatments will be shifted away from federal government control.

State health department officials say the transition will be a challenge, but they are ready.

“We’ve been preparing for the possibility of the end of the federal public health emergency for some time now, and we released our state’s plan in a roadmap last year,” said AnneMarie Harper, communications director at the Colorado Department of Public Health and Environment.

“It’s a sustainable, continued response to COVID-19 that features partnerships between public and private entities that ensure all Coloradans are being taken care of, including those without insurance,” she said.

In Maryland, similar work has been done to prepare for what has become a critical transition in the country’s health care system.

Chase Cook, acting director of communications at the Maryland Department of Health, said ending the PHE makes sense because it aligns with a decrease in COVID-19 hospitalization and severity, as well as an increasing integration of coronavirus-related services into existing public health infrastructure.

“The end of the public health emergency can be seen as a challenge,” Cook told VOA, “but it’s also an opportunity … to continue responding to the effects of the pandemic on public health, to strengthen relationships within the health care system, to maintain public-private partnerships, to grow the public health workforce, and to build on renewed efforts to decrease health disparities in Maryland. It’s an opportunity, and we’re ready.” 

Dead Rivers, Flaming Lakes: India’s Sewage Failure

Mohammed Azhar holds his baby niece next to a storm drain full of plastic and stinking black sludge, testament to India’s failure to treat nearly two-thirds of its urban sewage.

“We stay inside our homes. We fall sick if we go out,” the 21-year-old told AFP in the Delhi neighborhood of Seelampur, where open gutters packed with plastic and sickly greyish water flow alongside the narrow lanes.

“It stinks. It attracts mosquitoes. We catch diseases and the kids keep falling sick,” he added. “There is no one to clean the filth.”

India at the end of April was projected to have overtaken China as the world’s most populous country, according to the United Nations, with almost 1.43 billion people.

Its urban population is predicted to explode in the coming decades, with over 270 million more people forecast to live in its cities by 2040.

But of the 72 billion liters of sewage currently generated in urban centers every day, 45 billion liters — enough to fill 18,000 Olympic-sized swimming pools — aren’t treated, according to government figures for 2020-21.

India’s sewerage system does not connect to about two-thirds of its urban homes, according to the National Fecal Sludge and Septage Management Alliance (NFSSM).

Many of the sewage treatment plants in operation don’t comply with standards, including 26 out of Delhi’s 35 facilities, according to media reports.

Coupled with huge volumes of industrial effluent, the sewage is causing disease, polluting India’s waterways, killing wildlife and seeping into groundwater.

Ecologically dead

Although India has made major progress in reducing child mortality, diarrhea — caused mostly by contaminated water and food — remains a leading killer.

More than 55,000 children under five died of diarrhea across India in 2019, according to a study published last year in the scientific journal BMC Public Health.

The Yamuna in Delhi is one of the world’s filthiest rivers and is considered ecologically dead in places, although people still wash clothes and take ritual baths in it.

It often billows with white foam, and facilities processing drinking water from the river for Delhi’s 20 million people regularly shut down because of dangerous ammonia levels.

Despite some bright spots, as well as efforts to plant more trees alongside rivers, the situation elsewhere is often no better in big cities including Mumbai and Chennai.

In Bengaluru, massive Bellandur Lake has on occasion caught fire when methane, generated by bacteria feasting on sewage in the oxygen-depleted water, ignited.

Water crisis

Mridula Ramesh, author of a book about India’s water woes who lives in a “nearly” net-zero-waste home, said properly treating sewage into useable water would help solve the crisis.

According to the World Bank, India is one of the most “water-stressed” countries in the world, with plummeting water tables and increasingly erratic monsoon rains.

Chennai nearly ran out of water briefly in 2019, and other cities may see similar calamities in the coming years due to excessive groundwater pumping and rainfall volatility.

“India is headed for a water crisis. Sewage can so easily be co-opted to fight that and help us to a very large extent solve the problem in our cities,” Ramesh told AFP.

This could be achieved with decentralized treatment plants partially funded by the private sector or non-governmental organizations, with some of the fully treated sewage reused or released into local lakes.

“India’s water is so seasonal. Many cities in India get 50 rain days… but sewage is available every day because you go to the bathroom every day… It’s such a powerful weapon,” she said.

For Khalil Ahmad, standing by the revolting open drain in Seelampur as flies buzz around, a solution can’t come soon enough.

“Children keep falling sick… If they don’t get treatment and medicine, the children will die,” he told AFP. 

China Approves Safety of Gene-Edited Soybean

China has approved the safety of a gene-edited soybean, its first approval of the technology in a crop, as the country increasingly looks to science to boost food production.

The soybean, developed by privately owned Shandong Shunfeng Biotechnology Co. Ltd., has two modified genes, significantly raising the level of healthy fat oleic acid in the plant.

The safety certificate has been approved for five years from April 21, according to a document published last week by the Ministry of Agriculture and Rural Affairs.

Unlike genetic modification, which introduces foreign genes into a plant, gene editing alters existing genes.

The technology is considered to be less risky than GMOs and is more lightly regulated in some countries, including China, which published rules on gene-editing last year.

“The approval of the safety certificate is a shot in the arm for the Shunfeng team,” said the firm in a statement to Reuters on Thursday.

Shunfeng claims to be the first company in China seeking to commercialize gene-edited crops.

It is currently researching around 20 other gene-edited crops, including higher yield rice, wheat and corn, herbicide-resistant rice and soybeans and vitamin C-rich lettuce, said a company representative.

United States-based company Calyxt also developed a high oleic soybean, producing a healthy oil that was the first gene-edited food to be approved in the U.S. in 2019.

Several additional steps are needed before China’s farmers can plant the novel soybean, including approvals of seed varieties with the tweaked genes.

The approval comes as trade tensions, erratic weather and war in major grain exporter Ukraine have increased concerns in Beijing over feeding the country’s 1.4 billion people.

A growing middle class is also facing a surge in diet-related disease.

China is promoting GMO crops too, starting large-scale trials of GM corn this year.

Getting gene-edited crops onto the market is expected to be faster however, given fewer steps in the regulatory process.

Aside from the United States, Japan also has approved gene-edited foods, including healthier tomatoes and faster-growing fish.

Google Plans to Make Search More ‘Human,’ Says Wall Street Journal

Google is planning to make its search engine more “visual, snackable, personal and human,” with a focus on serving young people globally, The Wall Street Journal reported on Saturday, citing documents.

The move comes as artificial intelligence (AI) applications such as ChatGPT are rapidly gaining in popularity, highlighting a technology that could upend the way businesses and society operate.

The tech giant will nudge its service further away from “10 blue links,” which is a traditional format of presenting search results and plans to incorporate more human voices as part of the shift, the report said.

At its annual I/O developer conference in the coming week, Google is expected to debut new features that allow users to carry out conversations with an AI program, a project code-named “Magi,” The Wall Street Journal added, citing people familiar with the matter.

Generative AI has become a buzzword this year, with applications capturing the public’s fancy and sparking a rush among companies to launch similar products they believe will change the nature of work.

Google, part of Alphabet Inc., did not immediately respond to Reuters’ request for comment.

Buffett Shares Good News on Profits, AI Thoughts at Meeting

Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won’t take away opportunities for investors, and he’s confident America will continue to prosper over time.

Buffett and his partner Charlie Munger are spending all day Saturday answering questions at Berkshire Hathaway’s annual meeting inside a packed Omaha arena.

“New things coming along doesn’t take away the opportunities. What gives you the opportunities is other people doing dumb things,” said Buffett, who had a chance to try out ChatGPT when his friend Bill Gates showed it to him a few months back.

Buffett reiterated his long-term optimism about the prospects for America even with the bitter political divisions today.

“The problem now is that partisanship has moved more towards tribalism, and in tribalism you don’t even hear the other side,” he said.

Both Buffett and Munger said the United States will benefit from having an open trading relationship with China, so both countries should be careful not to exacerbate the tensions between them because the stakes are too high for the world.

“Everything that increases the tension between these two countries is stupid, stupid, stupid,” Munger said. And whenever either country does something stupid, he said the other country should respond with incredible kindness.

The chance to listen to the two men answer all sorts of questions about business and life attracts people from all over the world to Omaha, Nebraska. Some of the shareholders feel a particular urgency to attend now because Buffett and Munger are both in their 90s.

“Charlie Munger is 99. I just wanted to see him in person. It’s on my bucket list,” said 40-year-old Sheraton Wu from Vancouver. “I have to attend while I can.”

“It’s a once in a lifetime opportunity,” said Chloe Lin, who traveled from Singapore to attend the meeting for the first time and learn from the two legendary investors.

One of the few concessions Buffett makes to his age is that he no longer tours the exhibit hall before the meeting. In years past, he would be mobbed by shareholders trying to snap a picture with him while a team of security officers worked to manage the crowd. Munger has used a wheelchair for several years, but both men are still sharp mentally.

But in a nod to the concerns about their age, Berkshire showed a series of clips of questions about succession from past meetings dating back to the first one they filmed in 1994. Two years ago, Buffett finally said that Greg Abel will eventually replace him as CEO although he has no plans to retire. Abel already oversees all of Berkshire’s noninsurance businesses.

Buffett assured shareholders that he has total confidence in Abel to lead Berkshire in the future, and he doesn’t have a second choice for the job because Abel is remarkable in his own right. But he said much of what Abel will have to do is just maintain Berkshire’s culture and keep making similar decisions.

“Greg understands capital allocation as well as I do. He will make these decisions on the same framework that I use,” Buffett said.

Abel followed that up by assuring the crowd that he knows how Buffett and Munger have handled things for nearly six decades and “I don’t really see that framework changing.”

Although not everyone at the meeting is a fan. Outside the arena, pilots from Berkshire’s NetJets protested over the lack of a new contract and pro-life groups carried signs declaring “Buffett’s billions kill millions” to object to his many charitable donations to abortion rights groups.

Berkshire Hathaway said Saturday morning that it made $35.5 billion, or $24,377 per Class A share, in the first quarter. That’s more than 6 times last year’s $5.58 billion, or $3,784 per share.

But Buffett has long cautioned that those bottom line figures can be misleading for Berkshire because the wide swings in the value of its investments — most of which it rarely sells — distort the profits. In this quarter, Berkshire sold only $1.7 billion of stocks while recording a $27.4 billion paper investment gain. Part of this year’s investment gains included a $2.4 billion boost related to Berkshire’s planned acquisition of the majority of the Pilot Travel Centers truck stop company’s shares in January.

Buffett says Berkshire’s operating earnings that exclude investments are a better measure of the company’s performance. By that measure, Berkshire’s operating earnings grew nearly 13% to $8.065 billion, up from $7.16 billion a year ago.

The three analysts surveyed by FactSet expected Berkshire to report operating earnings of $5,370.91 per Class A share.

Buffett came close to giving a formal outlook Saturday when he told shareholders that he expects Berkshire’s operating profits to grow this year even though the economy is slowing down and many of its businesses will sell less in 2023. He said Berkshire will profit from rising interest rates on its holdings, and the insurance market looks good this year.

This year’s first quarter was relatively quiet compared to a year ago when Buffett revealed that he had gone on a $51 billion spending spree at the start of last year, snapping up stocks like Occidental Petroleum, Chevron and HP. Buffett’s buying slowed through the rest of last year with the exception of a number of additional Occidental purchases.

At the end of this year’s first quarter, Berkshire held $130.6 billion cash, up from about $128.59 billion at the end of last year. But Berkshire did spend $4.4 billion during the quarter to repurchase its own shares.

Berkshire’s insurance unit, which includes Geico and a number of large reinsurers, recorded a $911 million operating profit, up from $167 million last year, driven by a rebound in Geico’s results. Geico benefitted from charging higher premiums and a reduction in advertising spending and claims.

But Berkshire’s BNSF railroad and its large utility unit did report lower profits. BNSF earned $1.25 billion, down from $1.37 billion, as the number of shipments it handled dropped 10% after it lost a big customer and imports slowed at the West Coast ports. The utility division added $416 million, down from last year’s $775 million.

Besides those major businesses, Berkshire owns an eclectic assortment of dozens of other businesses, including a number of retail and manufacturing firms such as See’s Candy and Precision Castparts.

Berkshire again faces pressure from activist investors urging the company to do more to catalog its climate change risks in a companywide report. Shareholders were expected to brush that measure and all the other shareholder proposals aside Saturday afternoon because Buffett and the board oppose them, and Buffett controls more than 30% of the vote.

But even as they resist detailing climate risks, a number of Berkshire’s subsidiaries are working to reduce their carbon emissions, including its railroad and utilities. The company’s Clayton Homes unit is showing off a new home design this year that will meet strict energy efficiency standards from the Department of Energy and come pre-equipped for solar power to be added later.

Worries About US Banks Have Investors Nervous

In the wake of three of the biggest bank failures in U.S. history over the past two months, Americans are increasingly jittery about the safety of their money, worried about instability in the banking sector and concerned that fear, whether justified or not, could result in additional collapses. 

 

Over the past week, multiple midsize U.S. banks have watched their share prices fluctuate wildly — some losing nearly 90% of their value — as investors and depositors struggled to ascertain whether the same problems that affected First Republic Bank, shuttered on Monday, and Silicon Valley Bank and Signature Bank, both shut down in March, were widespread. 

 

On Friday, investors seemed to regain some of their confidence in the sector, sending the share prices of many midsize banks back up. However, the broader environment of concern persists. 

 

So far, investors’ unease does not seem to have prompted significant deposit flight — when customers transfer funds from a bank they fear might be unsafe to an institution considered less risky. However, the rush to the exits that preceded the collapse of Silicon Valley Bank transpired in under 48 hours, leaving some experts nervous about a repeat. 

 

A broad market 

The United States, unlike many countries, has an extremely diverse banking system, with thousands of companies holding bank charters.  

 

In 2022, the Federal Deposit Insurance Corp., which insures individual bank accounts, covered deposits at 4,135 individual banks. The U.S. also is home to a significant number of credit unions, which are tax-exempt not-for-profit organizations that, like banks, accept deposits, provide transaction services and make loans. 

 

The vast majority of U.S. banks are relatively small “community” banks that serve a limited geographic area and have at most a few branches. 

 

However, sitting atop the U.S. banking industry are the four institutions — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — all of which have assets of more than $1 trillion. 

 

Those four banks are widely assumed to be “too big to fail,” meaning that the federal government would intervene to prevent them from collapsing to prevent widespread damage to the banking system and the U.S. and global economies.  

 

Who is ‘too big to fail’? 

While there is general agreement that the four largest banks are too big to fail, there has long been debate about whether that label should apply to the banks in the next tier, about 20 institutions with $100 billion to $600 billion in assets. 

 

Regulators muddied the water significantly with the failures of Silicon Valley, Signature, and First Republic banks, all of which had fallen into that second tier. 

 

In the case of Silicon Valley and Signature banks, the FDIC announced that deposit insurance would be extended to 100% of deposits. Technically, the agency is obligated to cover only the first $250,000 in any individual’s or company’s accounts. However, FDIC leadership invoked an exception that allowed it to expand coverage when failing to do so might cause a systemic crisis. 

 

When First Republic failed on Monday, the agency negotiated a deal with JPMorgan Chase, under which the larger bank assumed all deposits of First Republic at face value, completely protecting depositors from losses, at an estimated cost of $13 million to the FDIC’s deposit insurance fund. 

 

The agency faced considerable criticism for its actions, with some speculating that a precedent had been set under which depositors at any failed bank could expect to be fully insured. The agency pushed back, saying that was not the case.  

 

In the aftermath, many depositors at midsize banks began to wonder whether the problems that had brought down Silicon Valley, Signature and First Republic were present at their banks. They also worried whether the institutions holding their money were considered big enough to rate a federal rescue. 

 

Regional banks in focus 

Most of the concern has been focused on banks considered “regional” — second-tier institutions that are neither community banks nor trillion-dollar banks. 

 

PacWest Bancorp, another California-based lender, was among the banks hit hardest by the stock market sell-off. The bank has a large concentration of customers in the venture capital space, many of whom keep deposits that are orders of magnitude larger than the deposit insurance cap. A similar customer base led the flight from Silicon Valley Bank. 

 

PacWest, however, said that it did not experience heavier-than-usual deposit loss in the wake of the First Republic failure, though it did admit that it was in talks with potential acquirers. 

 

Other banks whose share prices have been hammered include Western Alliance Bancorp, Zions Bancorp, and Comerica. 

 

‘Disturbing trend’ 

If bank customers lose faith in the safety and soundness of small and midsize banks, experts said, it will be bad for the banking system and the broader U.S. economy. 

 

“It’s a very disturbing trend, because of its impact on smaller banks — not just community banks, but even some of the smaller regionals,” said Bert Ely, principal of the banking consultancy Ely & Co. “Once people make that shift, not everybody’s going to come back to smaller banks.” 

 

Ely told VOA that in his view, the investor concern is overblown.  

 

“All this nervousness, I think, is really misplaced, given the state of the economy,” he said, pointing out that U.S. markets remain strong and are not suffering from significant problems such as the collapse of the subprime mortgage market, which presaged the last major banking crisis. 

World’s Tallest ‘Hemp Hotel’ Trails South Africa’s Green Credentials

CAPE TOWN, SOUTH AFRICA — With 12 storeys, a breathtaking view of Cape Town’s imposing Table Mountain and a minimal ecological footprint, the world’s tallest building made with industrial hemp is soon to open its doors in South Africa.

Workers in central Cape Town are putting the finishing touches on the 54-room Hemp Hotel, which is due to be completed in June.

“Hempcrete” blocks derived from the cannabis plant have been used to fill the building’s walls, supported by a concrete and cement structure.

Hemp bricks are becoming increasingly popular in the construction world thanks to their insulating, fire-resistant and climate-friendly properties.

Used notably in Europe for thermal renovation of existing buildings, the blocks are carbon negative — meaning their production sucks more planet-warming gases out of the atmosphere than it puts in.

“The plant absorbs the carbon, it gets put into a block and is then stored into a building for 50 years or longer,” explains Boshoff Muller, director of Afrimat Hemp, a subsidiary of South African construction group Afrimat, which produced the bricks for the hotel.

“What you see here is a whole bag full of carbon, quite literally,” Muller says as he pats a bag of mulch at a brick factory on the outskirts of Cape Town, where hemp hurds, water and lime are mixed together to make the blocks.

The industrial hemp used for the Hemp Hotel had to be imported from Britain as South Africa banned local production up to last year, when the government started issuing cultivation permits.

President Cyril Ramaphosa has made developing the country’s hemp and cannabis sector an economic priority, saying it could create more than 130,000 jobs.

Carbon credits

Afrimat Hemp is now preparing to produce its first blocks made only with South African hemp.

Hemp Hotel architect Wolf Wolf, 52, sees this as a game changer to make hemp buildings more widespread in this corner of the world.

“It shouldn’t be just a high-end product,” says Wolf, whose firm is involved in several social housing projects in South Africa and neighboring Mozambique.

Yet cost remains an issue.

“Hemp is 20 percent more expensive to build with” compared to conventional materials, says Afrimat Hemp’s carbon consultant Wihan Bekker.

But as the world races to lower carbon emissions, the firm sees “huge opportunities” for its green bricks, says Bekker.

Carbon credits — permits normally related to the planting of trees to safeguard tropical rainforests that companies buy to offset their emissions — could help make hempcrete blocks more financially palatable, he says.

“We can fund forests, or we can fund someone to live in a hemp house. It’s the same principle,” Bekker says.

The carbon footprint of a 40 square meter (430 square foot) house built with hemp is three tons of CO2 lower than that of a conventional building, according to Afrimat Hemp.

“We see this as a bit of a lighthouse project,” Muller says of the Hemp Hotel.

“It shows hemp has its place in the construction sector.” Hemp Hotel has been ranked the “tallest building to incorporate hemp-based materials in the world” by Steve Allin, director of the Ireland-based International Hemp Building Association.

WHO Declares End to COVID-19 as Global Health Emergency 

The World Health Organization has declared the COVID-19 pandemic to be over as a global health emergency. 

 

“However, that does not mean COVID-19 is over as a global health threat,” Tedros Adhanom Ghebreyesus, WHO director-general, said Friday. ‘This virus is here to stay. It is killing, and it is still changing. The risk remains of new variants emerging that cause new surges in cases and deaths.” 

 

The first known outbreak of COVID-19 occurred in November 2019 in Wuhan, China. When the WHO declared COVID a public health emergency of international concern on January 30, 2020, there were fewer than 100 reported cases, and no reported deaths outside China. 

 

In the three years since then, the number of global COVID deaths reported to WHO has risen to nearly 7 million, though the true death toll, according to Tedros, is several times higher, reaching at least 20 million. 

 

“COVID-19 has turned our world upside down,” he said, severely disrupting health systems, causing severe economic and social upheaval, and plunging millions into poverty.  

 

But for more than a year now, he said, “the pandemic has been on a downward trend, with population immunity increasing from vaccination and infection, mortality decreasing, and the pressure on health systems easing.” 

 

He noted these were among the many reasons he decided to take the advice of the International Health Regulations Emergency Committee to lower the level of alarm and declare an end to COVID-19 as a public health emergency of international concern. 

 

Didier Houssin, chair of the IHR committee, said only two or three people on the 18-member committee displayed any hesitation about declaring an end to the pandemic as a global threat.

 

He acknowledged that many uncertainties remained, “particularly regarding the evolution of the virus,” which he said continued to circulate in every country as the pandemic continued. 

 

Houssin said the committee also expressed concern about the big gaps in surveillance, reporting and health care, “particularly in the most vulnerable countries.” 

 

“However, the situation has markedly improved, with less mortality and an increased immunity against the virus, an immunity which is vaccine-induced or naturally induced, and a better access to diagnosis, vaccines and treatment,” he said. 

 

Houssin emphasized that after more than three years, it was “time to confront the COVID-19 pandemic, which has caused so much suffering, with new tools and new ambitions,” underscoring the need to prepare for future pandemics.

‘The battle is not over’

Mike Ryan, executive director of WHO’s health emergencies program, said this virus would continue to persist and threaten, but at a much lower levels of impact, tragedy, hospitalization and death. 

 

“We have got control over the virus by applying the science, and by applying the hard-won lessons we have learned from this pandemic,” Ryan said.  

 

“We now need to move on to the next phase. The battle is not over. We still have weaknesses, and those weaknesses that we still have in our system will be exposed by this virus or another virus, and it needs to be fixed,” he said. 

 

While the public health emergency might be over, he observed that in most cases, “pandemics truly end when the next pandemic begins,” which means that the world must prepare for what is to come. 

 

His colleague, Maria Van Kerkhove, WHO technical lead on COVID-19, picked up on this theme, warning that the virus was evolving. “While we are not in a crisis mode, we cannot let our guard down. Epidemiologically, this virus will continue to cause waves,” she said.   

 

“What we are hopeful of is that we have the tools in place to ensure that the future waves do not result in more severe disease, do not result in waves of death, and we can do that with the tools we have at hand,” she said. “We just have to make sure that we are tracking the virus, because it will continue to evolve.”  

 

WHO chief Tedros said, “The virus is here to stay and … it is time for countries to transition from emergency mode to managing COVID-19 alongside other infectious diseases.” 

 

He said the world must prepare for the next pandemic that surely will come and “move forward with a shared commitment to meet shared threats with a shared response.”

WHO Downgrades COVID Pandemic, Says It’s No Longer Emergency

The World Health Organization said Friday that COVID-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies and killed millions of people worldwide.

The announcement, made more than three years after WHO declared the coronavirus an international crisis, offers a coda to a pandemic that stirred fear and suspicion, hand-wringing and finger-pointing across the globe.

The U.N. health agency’s officials said that even though the emergency phase was over, the pandemic hasn’t ended, noting recent spikes in cases in Southeast Asia and the Middle East.

WHO says thousands of people are still dying from the virus every week, and millions of others are suffering from debilitating, long-term effects.

“It’s with great hope that I declare COVID-19 over as a global health emergency,” WHO Director-General Tedros Adhanom Ghebreyesus said.

“That does not mean COVID-19 is over as a global health threat,” he said, adding he wouldn’t hesitate to reconvene experts to assess the situation should a new variant “put our world in peril.”

Tedros said the pandemic had been on a downward trend for more than a year, acknowledging that most countries have already returned to life before COVID-19.

He bemoaned the damage that COVID-19 had done to the global community, saying the pandemic had shattered businesses, exacerbated political divisions, led to the spread of misinformation and plunged millions into poverty.

The political fallout in some countries was swift and unforgiving. Some pundits say missteps by President Donald Trump in his administration’s response to the pandemic had a role in his losing reelection bid in 2020. The United States saw the deadliest outbreak of any country in the world — where more than 1 million people died.

Dr. Michael Ryan, WHO’s emergencies chief, said it was incumbent on heads of states and other leaders to negotiate a wide-ranging pandemic treaty to decide how future health threats should be faced.

Ryan said that some of the scenes witnessed during COVID-19, when people resorted to “bartering for oxygen canisters,” fought to get into emergency rooms and died in parking lots because they couldn’t get treated, must never be repeated.

When the U.N. health agency first declared the coronavirus to be an international crisis on Jan. 30, 2020, it hadn’t yet been named COVID-19 and there were no major outbreaks beyond China.

More than three years later, the virus has caused an estimated 764 million cases globally and about 5 billion people have received at least one dose of vaccine.

In the U.S., the public health emergency declaration made regarding COVID-19 is set to expire on May 11, when wide-ranging measures to support the pandemic response, including vaccine mandates, will end. Many other countries, including Germany, France and Britain, dropped most of their provisions against the pandemic last year.

When Tedros declared COVID-19 to be an emergency in 2020, he said his greatest fear was the virus’ potential to spread in countries with weak health systems.

In fact, some of the countries that suffered the worst COVID-19 death tolls were previously judged to be the best-prepared for a pandemic, including the U.S. and Britain. According to WHO data, the number of deaths reported in Africa account for just 3% of the global total.

WHO doesn’t “declare” pandemics, but first used the term to describe the outbreak in March 2020, when the virus had spread to every continent except Antarctica, long after many other scientists had said a pandemic was already underway.

WHO is the only agency mandated to coordinate the world’s response to acute health threats, but the organization faltered repeatedly as the coronavirus unfolded.

In January 2020, WHO publicly applauded China for its supposed speedy and transparent response, even though recordings of private meetings obtained by The Associated Press showed top officials were frustrated at the country’s lack of cooperation.

WHO also recommended against mask-wearing for the public for months, a mistake many health officials say cost lives.

Numerous scientists also slammed WHO’s reluctance to acknowledge that COVID-19 was frequently spread in the air and by people without symptoms, criticizing the agency’s lack of strong guidance to prevent such exposure.

Tedros was a vociferous critic of rich countries who hoarded the limited supplies of COVID-19 vaccines, warning that the world was on the brink of a “catastrophic moral failure” by failing to share shots with poor countries.

Most recently, WHO has struggled to investigate the origins of the coronavirus, a challenging scientific endeavour that has also become politically fraught.

After a weeks-long visit to China, WHO released a report in 2021 concluding that COVID-19 most likely jumped into humans from animals, dismissing the possibility that it originated in a lab as “extremely unlikely.”

But the U.N. agency backtracked the following year, saying “key pieces of data” were still missing and that it was premature to rule out that COVID-19 might have ties to a lab.

Tedros lamented that the catastrophic toll of COVID-19 could have been avoided.

“We have the tools and the technologies to prepare for pandemics better, to detect them earlier, to respond to them faster,” Tedros said, without citing missteps by WHO specifically.

“Lives were lost that should not have been. We must promise ourselves and our children and grandchildren that we will never make those mistakes again.”

Could AI Pen ‘Casablanca’? Screenwriters Take Aim at ChatGPT

When Greg Brockman, the president and co-founder of ChatGPT maker OpenAI, was recently extolling the capabilities of artificial intelligence, he turned to “Game of Thrones.”

Imagine, he said, if you could use AI to rewrite the ending of that not-so-popular finale. Maybe even put yourself into the show.

“That is what entertainment will look like,” said Brockman.

Not six months since the release of ChatGPT, generative artificial intelligence is already prompting widespread unease throughout Hollywood. Concern over chatbots writing or rewriting scripts is one of the leading reasons TV and film screenwriters took to picket lines earlier this week.

Though the Writers Guild of America is striking for better pay in an industry where streaming has upended many of the old rules, AI looms as rising anxiety.

“AI is terrifying,” said Danny Strong, the “Dopesick” and “Empire” creator. “Now, I’ve seen some of ChatGPT’s writing and as of now I’m not terrified because Chat is a terrible writer. But who knows? That could change.”

AI chatbots, screenwriters say, could potentially be used to spit out a rough first draft with a few simple prompts (“a heist movie set in Beijing”). Writers would then be hired, at a lower pay rate, to punch it up.

Screenplays could also be slyly generated in the style of known writers. What about a comedy in the voice of Nora Ephron? Or a gangster film that sounds like Mario Puzo? You won’t get anything close to “Casablanca” but the barest bones of a bad Liam Neeson thriller isn’t out of the question.

The WGA’s basic agreement defines a writer as a “person” and only a human’s work can be copyrighted. But even though no one’s about to see a “By AI” writers credit at the beginning a movie, there are myriad ways that regenerative AI could be used to craft outlines, fill in scenes and mockup drafts.

“We’re not totally against AI,” says Michael Winship, president of the WGA East and a news and documentary writer. “There are ways it can be useful. But too many people are using it against us and using it to create mediocrity. They’re also in violation of copyright. They’re also plagiarizing.”

The guild is seeking more safeguards on how AI can be applied to screenwriting. It says the studios are stonewalling on the issue. The Alliance of Motion Picture and Television Producers, which bargains on the behalf of production companies, has offered to annually meet with the guild to go over definitions around the fast-evolving technology.

“It’s something that requires a lot more discussion, which we’ve committed to doing,” the AMPTP said in an outline of its position released Thursday.

Experts say the struggle screenwriters are now facing with regenerative AI is just the beginning. The World Economic Forum this week released a report predicting that nearly a quarter of all jobs will be disrupted by AI over the next five years.

“It’s definitely a bellwether in the workers’ response to the potential impacts of artificial intelligence on their work,” says Sarah Myers West, managing director of the nonprofit AI Now Institute, which has lobbied the government to enact more regulation around AI. “It’s not lost on me that a lot of the most meaningful efforts in tech accountability have been a product of worker-led organizing.”

AI has already filtered into nearly every part of moviemaking. It’s been used to de-age actors, remove swear words from scenes in post-production, supply viewing recommendations on Netflix and posthumously bring back the voices of Anthony Bourdain and Andy Warhol.

The Screen Actors Guild, set to begin its own bargaining with the AMPTP this summer, has said it’s closely following the evolving legal landscape around AI.

“Human creators are the foundation of the creative industries, and we must ensure that they are respected and paid for their work,” the actors union said.

The implications for screenwriting are only just being explored. Actors Alan Alda and Mike Farrell recently reconvened to read through a new scene from “M(asterisk)A(asterisk)S(asterisk)H” written by ChatGPT. The results weren’t terrible, though they weren’t so funny, either.

“Why have a robot write a script and try to interpret human feelings when we already have studio executives who can do that?” deadpanned Alda.

Writers have long been among notoriously exploited talents in Hollywood. The films they write usually don’t get made. If they do, they’re often rewritten many times over. Raymond Chandler once wrote “the very nicest thing Hollywood can possibly think to say to a writer is that he is too good to be only a writer.”

Screenwriters are accustomed to being replaced. Now, they see a new, readily available and inexpensive competitor in AI — albeit one with a slightly less tenuous grasp of the human condition.

“Obviously, AI can’t do what writers and humans can do. But I don’t know that they believe that, necessarily,” says screenwriter Jonterri Gadson (“A Black Lady Sketchshow”). “There needs to be a human writer in charge and we’re not trying to be gig workers, just revising what AI does. We need to tell the stories.”

Dramatizing their plight as man vs. machine surely doesn’t hurt the WGA’s cause in public opinion. The writers are wrestling with the threat of AI just as concern widens over how hurriedly regenerative AI products have been thrust into society.

Geoffrey Hinton, an AI pioneer, recently left Google in order to speak freely about its potential dangers. “It’s hard to see how you can prevent the bad actors from using it for bad things,” Hinton told The New York Times.

“What’s especially scary about it is nobody, including a lot of the people who are involved with creating it, seem to be able to explain exactly what it’s capable of and how quickly it will be capable of more,” says actor-screenwriter Clark Gregg.

The writers find themselves in the awkward position of negotiating on a newborn technology with the potential for radical effect. Meanwhile, AI-crafted songs by “Fake Drake” or “Fake Eminem” continue to circulate online.

“They’re afraid that if the use of AI to do all this becomes normalized, then it becomes very hard to stop the train,” says James Grimmelmann, a professor of digital and information law at Cornell University. “The guild is in the position of trying to imagine lots of different possible futures.”

In the meantime, chanting demonstrators are hoisting signs with messages aimed at a digital foe. Seen on the picket lines: “ChatGPT doesn’t have childhood trauma”; “I heard AI refuses to take notes”; and “Wrote ChatGPT this.”

US Adds a Solid 253,000 Jobs Despite Fed’s Rate Hikes

America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.

The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. But the jobless rate fell in part because 43,000 people left the labor force, the first drop since November, and were no longer counted as unemployed.

In its report Friday, the government noted that while hiring was solid in April, it was much weaker in February and March than it had previously estimated. And hourly wages rose last month at the fastest pace since July, which may alarm the inflation fighters at the Federal Reserve.

April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards. The job market has remained durable despite the Fed’s aggressive campaign of interest rate hikes over the past year to fight inflation. Layoffs are still relatively low, job openings comparatively high.

Still, the ever-higher borrowing costs the Fed has engineered have weakened some key sectors of the economy, notably the housing market. But overall, the job market has remained stable. Fed Chair Jerome Powell himself sounded somewhat mystified this week by the job market’s durability. The central bank has expressed concern that a robust job market exerts upward pressure on wages — and prices. It hopes to achieve a so-called soft landing – cooling the economy and the labor market just enough to tame inflation yet not so much as to trigger a recession.

One way to do that, Powell has said, is for employers to post fewer job openings. And indeed, the government reported this week that job openings fell in March to 9.6 million — a still-high figure but down from a peak of 12 million in March 2022 and the fewest in nearly two years.

At the staffing firm Robert half, executive director Ryan Sutton said he still sees “pent-up demand” for workers.

Applicants, not employers, still enjoy the advantage, he said: To attract and keep workers, he said, businesses — especially small ones — must offer flexible hours and the chance to work from home when possible.

“Giving a little bit of schedule flexibility so that somebody might finish their work late or early so that they can take care of children and family and elderly parents — these are the things that the modern employee needs,” Sutton said. “To not offer those and to try to still have a 2019 business model of five days a week in an office — that’s going to put you at a disadvantage” in finding and retaining talent.

Powell has said he is optimistic that the nation can avoid a recession. Yet many economists are skeptical and have said they expect a downturn to begin sometime this year.

Still, steadily rising borrowing costs have inflicted some damage. Pounded by higher mortgage rates, sales of existing homes were down a sharp 22% in March from a year earlier. Investment in housing has cratered over the past year.

America’s factories are slumping, too. An index produced by the Institute for Supply Management, an organization of purchasing managers, has signaled a contraction in manufacturing for six straight months.

Even consumers, who drive about 70% of economic activity and who have been spending healthily since the pandemic recession ended three years ago, are showing signs of exhaustion: Retail sales fell in February and March after having begun the year with a bang.

The Fed’s rate hikes are hardly the economy’s only serious threat. Congressional Republicans are threatening to let the federal government default on its debt, by refusing to raise the limit on what it can borrow, if Democrats don’t accept sharp cuts in federal spending. A first-ever default on the federal debt would shatter the market for U.S. Treasurys — the world’s biggest — and possibly cause an international financial crisis.

The global backdrop already looks gloomier. The International Monetary Fund last month downgraded its forecast for worldwide growth, citing rising interest rates around the world, financial uncertainty and chronic inflation.

Since March, America’s financial system has been rattled by three of the four biggest bank failures in U.S. history. Worried that jittery depositors will withdraw their money, banks are likely to reduce lending to conserve cash. Multiplied across the banking industry, that trend could cause a credit crunch that would hobble the economy.

White House Mulls AI Oversight, Protections With Industry Leaders

White House Mulls AI Oversight, Protections with Industry Leaders

Hate Passwords? You’re in Luck — Google Is Sidelining Them

Good news for all the password-haters out there: Google has taken a big step toward making them an afterthought by adding “passkeys” as a more straightforward and secure way to log into its services. 

Here’s what you need to know: 

What are passkeys?  

Passkeys offer a safer alternative to passwords and texted confirmation codes. Users won’t ever see them directly; instead, an online service like Gmail will use them to communicate directly with a trusted device such as your phone or computer to log you in. 

All you’ll have to do is verify your identity on the device using a PIN unlock code, biometrics such as your fingerprint or a face scan or a more sophisticated physical security dongle. 

Google designed its passkeys to work with a variety of devices, so you can use them on iPhones, Macs and Windows computers, as well as Google’s own Android phones. 

Why are passkeys necessary?  

Thanks to clever hackers and human fallibility, passwords are just too easy to steal or defeat. And making them more complex just opens the door to users defeating themselves. 

For starters, many people choose passwords they can remember — and easy-to-recall passwords are also easy to hack. For years, analysis of hacked password caches found that the most common password in use was “password123.” A more recent study by the password manager NordPass found that it’s now just “password.” This isn’t fooling anyone. 

Passwords are also frequently compromised in security breaches. Stronger passwords are more secure, but only if you choose ones that are unique, complex and non-obvious. And once you’ve settled on “erVex411$%” as your password, good luck remembering it. 

In short, passwords put security and ease of use directly at odds. Software-based password managers, which can create and store complex passwords for you, are valuable tools that can improve security. But even password managers have a master password you need to protect, and that plunges you back into the swamp. 

In addition to sidestepping all those problems, passkeys have one additional advantage over passwords. They’re specific to particular websites, so scammer sites can’t steal a passkey from a dating site and use it to raid your bank account. 

How do I start using passkeys?  

The first step is to enable them for your Google account. On any trusted phone or computer, open the browser and sign into your Google account. Then visit the page g.co/passkeys and click the option to “start using passkeys.” Voila! The passkey feature is now activated for that account. 

If you’re on an Apple device, you’ll first be prompted to set up the Keychain app if you’re not already using it; it securely stores passwords and now passkeys, as well. 

The next step is to create the actual passkeys that will connect your trusted device. If you’re using an Android phone that’s already logged into your Google account, you’re most of the way there; Android phones are automatically ready to use passkeys, though you still have to enable the function first. 

On the same Google account page noted above, look for the “Create a passkey” button. Pressing it will open a window and let you create a passkey either on your current device or on another device. There’s no wrong choice; the system will simply notify you if that passkey already exists. 

If you’re on a PC that can’t create a passkey, it will open a QR code that you can scan with the ordinary cameras on iPhones and Android devices. You may have to move the phone closer until the message “Set up passkey” appears on the image. Tap that and you’re on your way. 

And then what?  

From that point on, signing into Google will only require you to enter your email address. If you’ve gotten passkeys set up properly, you’ll simply get a message on your phone or other device asking you to for your fingerprint, your face or a PIN.

Of course, your password is still there. But if passkeys take off, odds are good you won’t be needing it very much. You may even choose to delete it from your account someday. 

Conservation Groups Sue US Government to Ground SpaceX Operations

Environmental groups sue the U.S. government over SpaceX’s launch license. Plus, a pair of spacewalks outside the International Space Station, and a glimpse at the destruction that scientists say awaits our home planet. VOA’s Arash Arabasadi brings us The Week in Space.

US Names Somali American National Small Business Person of Year

The U.S. Small Business Administration has named Abdirahman Kahin, a Somali American restaurant chain owner in Minneapolis, Minnesota, as the National Small Business Person of the Year for 2023. Mohamud Mascadde in Minneapolis and Abdulaziz Osman Washington have more in this report, narrated by Salem Solomon. Videographers: Abdulaziz Osman and Mohamud Mascadde

El Nino Expected to Raise Global Temperatures  

Global temperatures are likely to reach new highs this year with the predicted onset of El Nino, a natural occurring phenomenon typically associated with the warming of the planet.

“The development of an El Nino will most likely lead to a new spike in global heating and increase the chance of breaking temperature records,” said Petteri Taalas, secretary-general of the World Meteorological Organization.

That is bad news for global efforts to reduce climate change. Taalas noted that the onset of El Nino follows the eight warmest years on record “even though we had a cooling La Nina for the past three years and this acted as a temporary brake on global temperature increase.”

El Nino is a naturally occurring climate pattern associated with the warming of ocean surface temperatures in the central and eastern tropical Pacific Ocean. On the other hand, La Nina refers to the periodic cooling of ocean surface temperatures.

The recent unusually long running La Nina event, which began in 2020 now has ended.

Wilfran Moufouma Okia, head of the WMO regional climate prediction services division, said scientific models show that La Nina currently is in a neutral state and moving toward a different phase.

“The next few months from May to July, we have a 60% chance to enter into an El Nino phase. This likelihood will increase to 70% in the period of July to August, and even to 80% if we go past August,” he said. “But, of course, beyond that we cannot say much.”

He said the evolution of El Nino this year will change the weather and climate pattern worldwide compared to what existed during the past three consecutive years of La Nina.

“If we think of La Nina as a sort of break in the warming engine, La Nina corresponds to a cooling of the ocean, which normally should kind of slow down the rise of temperature, El Nino will fuel the temperature globally.

“So, we are expecting in the coming two years to have a serious increase in the global temperature,” he said.

Scientists say the concentrations of two important greenhouse gases, methane and carbon dioxide, which lead to global warming and climate change, go up significantly during an El Nino year.

The WMO says the effect on global temperatures usually plays out in the year after El Nino’s development and likely will become apparent in 2024.

“The world should prepare for the development of El Nino, which is often associated with increased heat, drought or rainfall in different parts of the world,” said Taalas.

“It might bring respite from the drought in the Horn of Africa and other La Nina-related impacts but could also trigger more extreme weather and climate events.”

For example, the WMO said El Nino is likely to trigger heavy rainfall in parts of southern South America, the southern United States, the Horn of Africa, and central Asia.

In contrast, El Nino can cause severe droughts over Australia, Indonesia, and parts of southern Asia.

WMO chief Talaas warns the extreme weather events that will be unleashed by El Nino “highlights the need for the U.N. ‘Early Warnings for All’ initiative to keep people safe.”

Since no two El Nino events are the same and the effects depend partly on the time of year, meteorologists say the WMO and National Meteorological Hydrological Services will be closely monitoring developments.