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WWW.FORBES.COMCan Trump Stop TikTok Ban? Heres What He CanAnd CantDo As He Reportedly Mulls Executive OrderToplineThe federal ban on TikTok is set to take effect Sunday unless the Supreme Court steps in to stop it, and while reports Wednesday suggest President-elect Donald Trump is mulling an executive order that would quickly reinstate the app, he may have limited options should the law be upheldand his attempts to stop it could be challenged in court.President-elect Donald Trump speaks at a news conference at his Mar-a-Lago resort on December 16 in ... [+] Palm Beach, Florida.Getty ImagesKey FactsTrump opposes the TikTok ban taking effect, his lawyers said in a recent court filing, and the president-elect asked, Why would I want to get rid of TikTok? on Truth Social, posting a graphic that boasted his popularity on the platform and the billions of views his official accounts and hashtags associated with him have garnered.The lawwhich prohibits U.S. app stores from hosting TikTok unless Chinese parent company ByteDance divests from itis scheduled to take effect one day before Trumps Jan. 20 inauguration, so Trump has also asked the Supreme Court to stop the law from taking effect until after he takes office, arguing he wants time to resolve the ban before it can take effect.The Supreme Court has not yet ruled in the case or commented on whether it will agree with Trumps request to pause the law, and its unclear if the court will issue a ruling before the law takes effect Sunday.The law empowers the president to pause the ban for 90 days if TikTok shows its in the process of separating from ByteDance, so Trump could pause it once he takes officewhich reports suggest he may do, as The Washington Post cited anonymous sources who said Trump is considering delaying the law for 60 to 90 days, and The New York Times similarly reported Trump could issue an executive order pausing the law until a deal with ByteDance is reached.While any executive order could give time to negotiate a deal with ByteDance, if he pauses the law without actual evidence showing ByteDance is divesting, the executive order may not be legally sound, meaning it could be challenged in court and the ban could take effect anywayor companies like Apple and Google could still take TikTok off their app stores regardless of what Trump says, in order to avoid any potential legal liability.Trump could also similarly just declare TikTok in compliance with the lawregardless of whether or not its actually separated from ByteDanceUniversity of Minnesota law professor Alan Rozenshtein noted, which would keep TikTok legal but similarly leave room for the move to be challenged in court or ignored by companies if ByteDance hasnt actually divested.Beyond that, Trump cant do much: He could try to negotiate a deal for TikTok to be sold to a U.S. company so it would properly comply with the law, but if ByteDance isnt willing to sellwhich so far it isntthe ban will stay in effect unless Congress decides to repeal the law.Crucial QuoteTrumps incoming national security advisor Michael Waltz told Fox News Wednesday Trump has been very clear he thinks TikTok is a great platform, but also is gonna protect [Americans] data from potential foreign interference by China. Hes a deal maker, I dont want to get ahead of our executive orders, but were going to create the space to put that deal in place.What Will Trump Do About Tiktok?Trump has been mulling a range of options on how to handle TikTok, the Post reports. In addition to an executive order that would pause the law from taking effect for a few months, Trump has reportedly considered issuing an order that would unravel the lawwhich is all but certain to result in legal challenges, given the policy was passed by Congress with bipartisan support and presidents cannot unilaterally repeal federal laws. The Times similarly reports Trump could use an executive order to declare the law wont be enforced, or that it wont be enforced only temporarily until a deal is reached. Trump is reportedly eager to make a deal with TikTok and ByteDance, per The Post, with allies floating options that could include forcing a sale of TikToks U.S. assets in a way that would give the U.S. Treasury a cut of the proceeds, or revive TikToks Project Texas, a plan TikTok previously offered to the Biden administration about how it could handle the U.S. national security concerns without separating from ByteDance. Experts cited by the Post suggested Chinawhich would have to approve any sale by ByteDancewould only be likely to cut a deal with Trump on TikTok as part of broader political negotiations between the two governments.What To Watch ForThe Supreme Court expressed skepticism of TikToks arguments against the ban during oral arguments on Jan. 10, signaling justices could uphold the ban. Its been expected the court will quickly rule before the law is due to take effect Jan. 19, though its unclear when, as the court issued opinions in other cases Wednesday without making any announcements in the TikTok case. It has not announced any other days for releasing opinions before the law takes effect. Justices could also decide to temporarily pause the law from taking effect if they needs more time to deliberate, which could be announced at any time. Though Trump has asked the Supreme Court to pause the ban until after his inauguration, he isnt a party in the litigation, and Rozenshtein told CBS News there are no legal grounds for Trump to unilaterally pause the law since hes still a private citizen and isnt actually the president yet. That means theres no guarantee the justices will listen to his requestand they didnt signal Friday whether they willand its still possible the law could take effect Sunday, before Trump takes office.Can Trump Just Not Enforce The Tiktok Ban?While Trump could just declare his administration wont enforce the TikTok ban, its hard to say whether that would actually work. Justice Brett Kavanaugh questioned Solicitor General Elizabeth Prelogar on Friday about that possibility, and Prelogar acknowledged Trump could order it not to be enforced and while it remains to be seen what the effects of that would be, there may be safeguards to legally protect companies who keep TikTok up as a result of his promises about facing penalties. Legal experts have suggested companies arent likely to take the risk and potentially subject themselves to legal liability by keeping up TikTok even if Trump says its fine, however, given the possibility that Trump could change his mind and decide to start enforcing the ban. You could have a policy not to enforce this ban, University of Washington Law School professor Ryan Calo told The Times. But I think that maybe conservative companies would just be like: OK, youre not going to enforce it. But it is on the books, and you could enforce at any time.Will Bytedance Divest From Tiktok?TikTok and ByteDance so far havent shown any interest in separating, with TikTok arguing in a court filing that doing so is not possible technologically, commercially, or legally. It remains to be seen if the company will change its mind should the Supreme Court uphold the law and it actually takes effect, however, and Prelogar suggested Friday that justices upholding the ban could be the jolt that ByteDance and TikTok need to actually start the divestment process. Trump could also potentially have an impact on forcing ByteDances hand, as James Lewis, director of the Strategic Technologies Program at the Center for Strategic and International Studies, told NPR that China could be persuaded to approve of ByteDance selling TikTok in exchange for Trump backing off his threat of high tariffs on Chinese imports. A source familiar with ByteDances thinking told The Post that reports TikTok could serve as part of a big bargain or a big negotiation were legitimate.What Happens If The Tiktok Ban Takes Effect?The full impact of the TikTok ban taking effect is still unclear. The law does not ban Americans from using TikTok and wouldnt wipe it from users phones, but rather bans U.S. app stores and internet service providers from hosting it. That would mean that users could not download or update TikTok from Apple or Googles app stores, so it would grow obsolete and eventually no longer work. Oracle also wouldnt be allowed to host TikToks U.S. user data, as it does now. Though its been unclear on whether that would result in TikTok shutting down entirely in the U.S., TikTok said in a court filing that banning internet service providers from hosting the app means the company could no longer provid[e] the services that enable the TikTok platform to function, effectively shutting down TikTok in the United States, and TikToks lawyer Noel Francisco reiterated that Friday, saying its his understanding that if the ban takes effect, we go dark. Multiple outlets report TikTok is planning to totally shut off access to the app in the U.S. on Sunday should the ban take effect as scheduled, with Reuters reporting users will only see a pop up message directing them to a website with more information about the ban. TikTok has told its U.S. employees they will still have jobs and the companys U.S. offices will remain open even if the ban takes effect, The Times reports.Will The Ban Impact Possible Tiktok Alternative Lemon8?Yes, the ban is expected to similarly impact ByteDance-owned apps CapCut and Lemon8.Surprising FactIf the ban does take effect and block TikToks U.S. user data from being hosted by a U.S. company, its possible the data that TikTok already has on its American users could be moved to China, which a Forbes investigation found is what happened when India similarly banned the app. That would actually make it more likely the data could be accessed by the Chinese government, contrary to the federal laws national security goals.Key BackgroundPresident Joe Biden signed the bill requiring TikTok to leave ByteDance or else be banned into law in April, reflecting a bipartisan concern from lawmakers that the app poses a threat to national security. TikTok has long denied any wrongdoing or links to the Chinese government, but Forbes has reported numerous concerns involving the app, including TikTok spying on journalists, promoting Chinese propaganda that criticized U.S. politicians, mishandling user data and tracking sensitive words. The specific evidence the government has for justifying TikToks ban has not been made public, however, and was entirely redacted in court filings. TikTok and creators on the app sued to block the law days after it was enacted, arguing the ban unlawfully infringed on their First Amendment rights. A panel of federal judges sided with the governments argument that the ban was justified due to the national security threat and did not violate TikToks First Amendment rights, given that users can still post on the app if it just separates itself from ByteDance. The court ruled the law as it was enacted is actually a less restrictive way of handling the governments concerns about TikTok, given the fact it still allows the company to operate in the U.S. if ByteDance divests from it. TikTok appealed the case to the Supreme Court after the lower court declined to pause the law from taking effect, and the Supreme Court quickly took it up, scheduling arguments for Jan. 10 but declining to pause the law in the meantime.Further Reading0 Kommentare 0 Anteile
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TIME.COMThe Lure of Chinese App Red NoteThe photo illustration shows a phone screen as American TikTok users pour into the Chinese Social Media Platform Xiaohongshu, which translates as "Red Note."VCG via Getty ImagesIdeasBy Yaling JiangJanuary 16, 2025 6:44 AM ESTYaling Jiang is the founder of research and strategy consultancy ApertureChina and Chinese consumer newsletter Following the Yuan. She is a graduate of Columbia Journalism School and the University of Bath.During a recent layover in Tokyo from China to the U.S., as I was planning the ramen spot I was going to hit and friends I wanted to catch up with, I was stopped by a middle-aged border agent. This is Japan, you need a visa, he said sternly.I knew I didnt need one according to official rules, but I didnt speak Japanese to argue with him. As I turned back, thinking that I had to live like Tom Hanks in The Terminal before my next flight, I searched on Red Note. Thanks to multiple posts by people who had been in the exact same situation, I learned that I had to go to a specific counter by the corner and ask for a shore pass. I was able to enter Japan for 72 hours instead of sleeping on a bench in my 30s.Thats the kind of obscure situation Red Note has saved people out of. Since last weekend, the TikTok refugeesthe American social media users who are flocking to Red Note ahead of the U.S. ban on Sundayare being welcomed with Chinese memes, photos of food, pets, street views, and Taylor Swift lyrics. English-language tutorials are helping them navigate the Chinese app. Although Red Note may now be known as the no.1 free app in the U.S., it has since its inception in 2013 been known as a forum that caters to middle-class Chinese users niche interests and hobbiesa lifestyle guide on dining and travel, and a search engine for questions big and small. Yet the ongoing digital migrationhelped by the #TikTokrefugee hashtag that has amassed 872 million views and 16 million discussions so farwill likely be a unique and short-lived phase. And either Beijing, Washington, or Red Note itself needs to find a solution fast. From a business perspective, Red Note has achieved something TikTok owner ByteDance has been dreaming of for yearswinning overseas users without trying too hard. In 2020, ByteDance launched a knockoff version, Lemon8, and has paid users to post on it. Yet the app has struggled to retain users. It has recently benefited from the TikTok migration, now ranking at no. 2 on the U.S. app store, but almost all the buzz surrounds Red Note. Why arent more users turning instead to Weibo, Bilibili, Kwai, or indeed, the real Chinese TikTok Douyin? Red Note was initially prototyped in October 2013 by Stanford University graduate Mao Wenchao and Qu Fang as a shopping guide for female consumers. It has now evolved into a lifestyle guru for around 300 million people. The app has a highly educated audience, which includes a large diasporic population who speak fluent English. Because of their shared socio-economic background, the platforms users are keen to provide value and feedback to each other, like how I found help at the airport. It is also the most apolitical social platform in China. On Nov. 16, 2023, the day of Xi Jinpings first visit to the U.S. in years, I analyzed the trending lists on Chinese social media. While lists on other apps were peppered with items like China will be unified and must be unified (Weibo) and Biden shows a 38-year-old photo to Xi Jinping (Douyin), Red Notes users were concerned about the boundary of two married people and white people food. Its not difficult to imagine that even if U.S. users tried other Chinese platforms, they may encounter more nationalism, hostility, or, at best, indifference.For now, the posts I come across on Red Note are mostly about food, pets, and ordinary people. But what happens if political activists decide to use the platform to amplify their voices? And more likely, what happens if American users, who are used to free speech, want to verify the news theyve been hearing about China, on Tibet, Xinjiang, Taiwan, or labor rights? The hodgepodge of Western and Chinese users within the Great Firewall has created unprecedented regulatory problems that have never been dealt with by either China or the U.S. Before Red Note became a thing for Americans, China could simply block an app thats operating on its soil. But what about now?As of Wednesday, a Weibo trending item may have spelled out the solution: Red Note is urgently recruiting English content moderators [Chinese].Chinas censorship has intensified since Xi took office in 2012, with stricter measures like enhanced online real-name verification and the silencing of high-profile voices including economists, law firms, and even stock analysts. Red Notes relatively non-political user base has helped protect it. But in recent years it has increasingly featured emotional stories about economic struggles, published content banned by state media, and played host to posts that criticized Chinese officials and the government. The recent flood of American users to Red Note may push Beijing to pay more attention to the app. Indeed, Chinas censorship has routinely evolved with the times. While in middle school in the early 2000s, I sent out five postcards to Ohio as part of a cultural exchange programblocked the platform. And in 2021, I was almost sleepless when Clubhouse was live in mainland China, when many Chinese users were discussing political issues freely. That freedom lasted a mere two weeks.While the U.S. TikTok ban and censorship in China are inescapable facts, people always find a way to connectif not for on TikTok or Red Note, then somewhere else.More Must-Reads from TIMEL.A. Fires Show Reality of 1.5C of WarmingHow Canada Fell Out of Love With TrudeauTrump Is Treating the Globe Like a Monopoly BoardBad Bunny On Heartbreak and New Album10 Boundaries Therapists Want You to Set in the New YearThe Motivational Trick That Makes You Exercise HarderNicole Kidman Is a Pure Pleasure to Watch in BabygirlColumn: Jimmy Carters Global Legacy Was Moral ClarityContact us at letters@time.comTIME Ideas hosts the world's leading voices, providing commentary on events in news, society, and culture. We welcome outside contributions. Opinions expressed do not necessarily reflect the views of TIME editors.0 Kommentare 0 Anteile
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WWW.TECHSPOT.COMNintendo Switch 2 officially announced, with more details set for April 2Highly anticipated: After years of rumors and speculation, Nintendo has officially unveiled the successor to its highly successful Switch handheld console. The initial reveal trailer provided few details but confirmed earlier rumors about the device's design, and gave fans a brief glimpse of a new Mario Kart game. Nintendo plans to release more information in April ahead of a 2025 launch. Nintendo's two-minute reveal trailer highlights several external hardware changes from its predecessor, though performance details remain undisclosed. Hands-on previews and a full unveiling are scheduled for April.The Nintendo Switch 2 closely resembles mockups that have surfaced in recent weeks. The main unit features a larger screen, an additional top-mounted USB-C port, and an upgraded kickstand. Meanwhile, the Joy-Con controllers are shown gliding along a surface, possibly confirming previous rumors that they will gain functionality akin to a PC mouse.The trailer also revealed a new, untitled Mario Kart game, featuring only a few seconds of gameplay. The clip showcases an expansive desert environment, overhauled character designs, and starting positions for 24 racers doubling Mario Kart 8's maximum of 12.With the official announcement of the Switch 2, third-party publishers are expected to confirm more games for the system in the coming weeks. Nate the Hate, the reliable tipster who accurately predicted this week's reveal trailer, has suggested that the new Mario Kart will be a launch title and that a new 3D Mario platformer will debut during the holidays.Titles like Final Fantasy 7 Remake, Assassin's Creed Mirage, and Metal Gear Solid Delta have also been speculated. Microsoft may support the system with games like Halo, Hi-Fi Rush, and Microsoft Flight Simulator. Nintendo confirmed that the new handheld will support backward compatibility with Switch games, though a small number of titles may not be compatible.Other leaks suggest that the Switch 2 will feature graphics and performance comparable to the PlayStation 4, Xbox One, or Steam Deck. It is also expected to incorporate Nvidia's DLSS super resolution and hardware-assisted ray tracing.A Nintendo Direct will provide more details on April 2. In the following weeks, Nintendo plans to host public events in cities including New York, Los Angeles, Toronto, Tokyo, Paris, Berlin, and Seoul, among others, where attendees can experience the Switch 2 firsthand. Nate the Hate and other sources speculate that the console may begin shipping in May or June. // Related Stories0 Kommentare 0 Anteile
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WWW.DIGITALTRENDS.COMGoldman Sachs may cut Apple Card partnership shortGoldman Sachs is seeking to end its Apple Card partnership with Apply before their contract expires.According to a report from Reuters, Goldman Sachs CEO David Solomon told analysts in an earnings call on Wednesday that theres some possibility the companys credit card deal with the Silicon Valley giant could come to an end before their contract runs out in 2030. This comes after a Wall Street Journal report from November 2023 saying the deal would end within 12 to 15 months, as the bank wants out of the consumer business.Recommended VideosWe have a contract with Apple to run that partnership until 2030, although theres some possibility that it wont continue until that time frame, Soloman said.Please enable Javascript to view this contentGoldman Sachs entered the partnership with Apple when it launched the Apple Card in 2019, which has since gained over 12 million users as of last year. The credit card partnership turned out to be a troubled one, as it caused a laundry list of issues for the bank, including intense regulatory scrutiny, customer service problems over billing, and a net loss $1 billion last January. The billing part was due to Apples insistence on sending out credit card bills to everybody at the beginning of every month rather than on a rolling basis like most credit card companies.The problems that arose from the Apple Card partnership caused Goldman Sachs to find ways out of the deal, including talking to American Express and JPMorgan Chase about taking over the Apple Card. Meanwhile, Apple had been in talks with Synchrony Financial, Capital One and Chase about the same thing. The 15-month mark for Goldman Sachs to end the Apple Card partnership comes up in February. Well see what happens then.Editors Recommendations0 Kommentare 0 Anteile
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WWW.WSJ.COMEU Competition Chief Denies Reassessment of Big Tech ProbesThe European Commissions new chief competition enforcer pushed back against concerns that the regulator might weaken its efforts to curb Big Tech companies in the bloc ahead of U.S. President-elect Donald Trumps inauguration next week.0 Kommentare 0 Anteile
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ARSTECHNICA.COMAT&T kills home Internet service in NY over law requiring $15 or $20 plansLeaving New York AT&T kills home Internet service in NY over law requiring $15 or $20 plans AT&T pulls 5G home Internet from New York to protest state affordability law. Jon Brodkin Jan 16, 2025 12:34 pm | 50 AT&T store in New York on Monday, October 21, 2024. Credit: Getty Images | Bloomberg AT&T store in New York on Monday, October 21, 2024. Credit: Getty Images | Bloomberg Story textSizeSmallStandardLargeWidth *StandardWideLinksStandardOrange* Subscribers only Learn moreAT&T has stopped offering its 5G home Internet service in New York instead of complying with a new state law that requires ISPs to offer $15 or $20 plans to people with low incomes.The decision was reported yesterday by CNET and confirmed by AT&T in a statement provided to Ars today. "While we are committed to providing reliable and affordable Internet service to customers across the country, New York's broadband law imposes harmful rate regulations that make it uneconomical for AT&T to invest in and expand our broadband infrastructure in the state," AT&T said. "As a result, effective January 15, 2025, we will no longer be able to offer AT&T Internet Air, our fixed-wireless Internet service, to New York customers."New York started enforcing its Affordable Broadband Act yesterday after a legal battle of nearly four years. Broadband lobby groups convinced a federal judge to block the law in 2021, but a US appeals court reversed the ruling in April 2024, and the Supreme Court decided not to hear the case last month.The law requires ISPs with over 20,000 customers in New York to offer $15 broadband plans with download speeds of at least 25Mbps, or $20-per-month service with 200Mbps speeds. The plans only have to be offered to households that meet income eligibility requirements, such as qualifying for the National School Lunch Program, Supplemental Nutrition Assistance Program, or Medicaid.AT&T's Internet Air was launched in some areas in 2023 and is now available in nearly every US state. The standard price for Internet Air is $60 a month plus taxes and fees, or $47 when bundled with an eligible mobile service. Nationwide, AT&T said it added 135,000 Internet Air customers in the most recent quarter.AT&T has pitched Internet Air as a long-term replacement for DSL Internet in areas where it doesn't plan to build fiber. AT&T has said it won't build fiber home Internet in over half of its wireline footprintand will focus its fiber builds on more densely populated areas.NY is outside AT&Ts wireline territoryEnding home Internet service in New York is relatively simple for AT&T because it is outside the 21-state wireline territory in which the telco offers fiber and DSL home Internet service."AT&T Internet Air is currently available only in select areas and where AT&T Fiber is not available. New York is outside of our wireline service footprint, so we do not have other home Internet options available in the state," the company said.AT&T will continue offering its 4G and 5G mobile service in New York, as the state law only affects home Internet service. People with smartphones or other mobile devices connected to the AT&T wireless network should thus see no change.Existing New York-based users of AT&T Internet Air can only keep it for 45 days and won't be charged during that time, AT&T said. "During this transition, customers will be able to keep their existing AT&T Internet Air service for up to 45 days, at no charge, as they find other options for broadband. We will work closely with our customers throughout this transition," AT&T said.Residential users will be sent "a recovery kit with instructions on how to return their AIA equipment, while business customers can keep any device they purchased at no charge," AT&T said.Jon BrodkinSenior IT ReporterJon BrodkinSenior IT Reporter Jon is a Senior IT Reporter for Ars Technica. He covers the telecom industry, Federal Communications Commission rulemakings, broadband consumer affairs, court cases, and government regulation of the tech industry. 50 Comments0 Kommentare 0 Anteile
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WWW.NEWSCIENTIST.COMFossil claimed to be new species of mosasaur is suspected forgeryArtists impression of Carinodens, a mosasaur whose remains scientists suspect might have been manipulated and then labelled as a new speciesHenry SharpeRemnants of a bizarre shark-toothed aquatic predator that lived alongside dinosaurs were probably forged, according to new research.The contentious fossil of a jaw fragment was apparently collected by miners working at the Sidi Chennane phosphate mines in Morocco, in rock that is 66 to 72 million years old. Nick Longrich at the University of Bath, UK, and his colleagues analysed the find and classified it as a new species of mosasaur named Xenodens calminechari in 2021. AdvertisementThe fossil possesses highly unusual blade-like teeth similar to those of sharks, which Longrich and his colleagues suggested would help carve up large prey.Morocco is uniquely rich in mosasaur fossils, says Henry Sharpe at the University of Alberta in Canada. Miners working in the phosphate mines come across mosasaurs all the time.The problem is many people in Morocco make a living selling fossils, says Sharpe. So many of the mosasaur fossils being sold from Morocco are modified [there] teeth are added, bones are sculpted, all to make the fossil worth more to sell. Unmissable news about our planet delivered straight to your inbox every month.Sign up to newsletterSharpe and his colleagues have now reassessed the evidence published by Longrichs team. The biggest indication that the fossil is forged are the teeth, says Sharpe. Each mosasaur tooth corresponds to a pit in the jaw. Even if the fossil is very poor quality, you can still count the correct number of teeth by counting the number of these pits, he says. But X. calminechari has four teeth over two pits.The teeth also appear to be glued onto the jaw in ways that dont align with the pits, says Sharpe. The tooth implantation looks likely to be faked.There are ways to determine whether a fossil was forged, says Sharpe. Typically, forgeries are sculpted using a mixture of bone fragments and glue, and then embedded in a mixture of glue and sand that looks like natural rock. CT scans allow you to see into the underlying bones and rock to determine whether they were modified.CT scanning fossils is common, and really should be standard for mosasaurs coming from Morocco, says Sharpe.Rather than a new species, Sharpes team suspects the fossil represents a known, albeit manipulated, mosasaur. Its teeth are similar to those of juvenile mosasaurs named Carinodens and Globidens, says Sharpe.I applaud the authors of this paper, says Valentina Rossi at University College Cork in Ireland. To address this [forgery] problem, we must keep talking about it [and] report fossils that have been prepared in ways that are misleading.There can be many reasons to produce forged fossils, but it mostly boils down to money, says Rossi. A broken fossil bone will not sell, but a complete piece, like a jaw bone full of well-preserved teeth, will likely sell well, she says.Countries like Canada largely prohibit private fossil sales, says Sharpe. Without such regulations, there may be a temptation to tweak fossils to fetch high prices.Longrich was approached for a comment on this story, but didnt reply. Sharpe hopes Longrichs team will CT scan the fossil and publish the results. Scientific consensus isnt reached by agreement; its reached by disagreement until both sides gather enough data to answer the question, he says.Journal reference:The Anatomical Record DOI: 10.1002/ar.25612Topics:0 Kommentare 0 Anteile
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WWW.BUSINESSINSIDER.COMA businessman knew buying a Nantucket beach house was risky. 6 months later, it's gone and he regrets it.Erosion has come for yet another home on the billionaire hot spot island of Nantucket.A house last purchased in July was demolished on Tuesday.Buying on certain parts of the wealthy island has become a gamble as weather patterns intensify.Just over six months after businessman Don Vaccaro signed the paperwork on his new property on Nantucket's coast, the beach house is no longer.On Tuesday, the three-bedroom home was demolished after being condemned by the town after the coast eroded to within five feet of the structure, according to a filing by the town's conservation commission. Just last year, the property was valued at nearly $2 million by the town's assessor. Vaccaro spent only $200,000 on it, but its upkeep cost several hundred thousand more.Vaccaro says that in hindsight his purchase of 28 Sheep Pond Road was a "terrible investment.""Not only the $400,000, but the time suck of having to deal with it," Vaccaro wrote in an email to Business Insider. He cautioned other beachfront homeowners to think seriously about erosion strategies, like planting sea grass, to avoid a similar fate.Though Vaccaro followed the town's condemnation order, he still believes 46-year-old home could've lasted longer before it finally fell into the ocean."I hoped to have the summer of 2025, but that will not happen," he wrote.The home's final demise was also a surprise to Mike Melvin, the general manager at Holdgate Partners, which oversaw the demolition, told Business Insider. Just last year, his firm had updated the house when its septic tank fell into the ocean."It was a little bit surprising to see how fast things have eroded out there," he said.Melvin blames storms this winter with strong southeast winds that chipped away at the island's southern shore."They'd be better with a nor'easter, to be honest," Melvin added.By the end of the week, what remains of the house will either be turned into gravel or packed up and sent to a contractor to handle the disposal off-island. Melvin worries other homes in the area might still be at risk as the year goes on."It could be just one bad storm" that takes out other properties, Melvin said.Buying a home on certain parts of Nantucket, an island off Cape Cod's coast known for attracting the ultrawealthy like billionaires Eric Schmidt and Steve Schwarzman, is a gamble. In recent years, erosion has led to the demolition of a handful of properties, many once valued at multiple millions of dollars. Other residents have spent seven figures to move their homes away from threatened bluffs.Over the next 50 years, sea level rise, coastal flooding, and erosion are estimated to cause over $3.4 billion in cumulative damages to Nantucket, according to the island's 2021 Coastal Resilience Plan.While there have been a number of firesales on particularly vulnerable properties, the island's larger real estate market has remained healthy. In 2024, the number of single-family homes sold on the island increased 11% year over year, according to data from local firm Fisher Real Estate. Since 2020, the number of homes sold on Nantucket for more than $10 million has increased 50% and the median home sale price reached an all-time high of $3.7 million."The concentration of wealth is quite stunning on Nantucket, and it keeps escalating," Bruce Percelay, a real estate developer and the publisher of the island's N Magazine, who has been vacationing on Nantucket for nearly all of his life, told BI last year. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket."0 Kommentare 0 Anteile
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WWW.VOX.COMThe publics fixation on celebrity wildfire victims has an unexpected benefitIn the coverage of the wildfires that have torn through the Los Angeles area this month, you may have seen some familiar faces among the survivors. Prominent celebrities, including Billy Crystal, Adam Brody and Leighton Meester, and Mel Gibson, have had their houses and in some cases their sources of livelihood destroyed. How the rich and famous, in addition to regular Angelenos, have had their lives upended by this natural disaster have been an integral part of the medias coverage of the fires. Media coverage has pointed to a litany of reasons for the fires intense destructivity, ranging from its potential points of origin to manmade factors like increased urban development. Theres also been a revolution in attribution science the ability to connect climate change to acute extreme-weather events. In fact, a new scientific analysis out of the University of California Los Angeles published this week concluded that climate change intensified the citys devastating wildfires. At the same time, its unclear if Americans are making the connection between the devastation of the fires and climate change: Although a recent poll conducted by Emerson College found that a majority of respondents identified climate change as a major cause of the fires, CNN reported Americans overall concern about climate change hasnt budged in decades. Some of the public have expressed a certain amount of schadenfreude about the plight of wealthy Palisades residents, but overall, most celebrities have been met with outpourings of sympathy as well as sometimes unconventional assistance (this is how a 2010 album from former Hills star Heidi Montag reached the top of the iTunes chart after she and husband Spencer Pratt were displaced after the fires).Is the focus on celebrities a giant messy distraction, or does it help highlight how even enormous wealth and resources cannot shield you from the impact of climate change? Should we be focusing more on the victims who are poor and marginalized, like the rural populations of East Tennessee and Western North Carolina who were battered by Hurricane Helene last year? Should we be talking more about the long-term impacts of these events, such as, for example, how the fires will increase the ongoing problem of water scarcity for all Californians?The answer may surprise you: In fact, the current focus on celebrities and the wealthiest victims may be exactly what we need to deliver a much-needed wake-up call about climate change to people who havent been paying that much attention.Betty Lai, an associate professor of psychology at Boston College who researches the psychological impacts of natural disasters and other climate-related effects, said that there are three interlocking components that affect peoples engagement on climate change: their existing beliefs on the issue, their perceptions of their own risk, and their emotional investment. Lai explained that for many people, climate change is something that happens somewhere else. To many people, climate change feels like an abstract concept, she told Vox. They dont believe its an imminent threat.When you can connect to peoples experiences, it makes it feel more real, more tangible.Who better than to connect to than a celebrity with whom you may already have a comforting parasocial relationship? This identification with individual victims of the wildfires, Lai said, will likely increase the publics awareness of the risk around climate change which should also raise peoples emotional investment in the issue. These are people that you have connected with and you understand who they are, she said. Moreover, the close association of Los Angeles with Hollywood, and its huge influence over both our national image and our collective cultural heritage, arguably makes the devastation hit closer to home than a disaster that impacts other regions of California might. Steve Westlake, a Cardiff University research fellow who studies behavioral shifts related to climate change, argued that a major event like a raging inferno can jolt people out of their climate complacency at least for a while. He also said that the behavior of celebrities during and in the aftermath of these disasters can be hugely consequential for the public. As the wildfires raged on, many fans were spotted on social media, deliberately spreading the untrue rumor that Swift had donated $10 million to wildfire relief. Westlake pointed to the long-debated theory of credibility in leadership and people with influence; his recently published research found that visible leading by example from politicians and celebrities significantly increases the willingness of members of the UK public to change their lifestyles to promote sustainability and reduce carbon emissions. You can imagine what would happen if you applied that theory to someone with the influence, say, of Taylor Swift. Indeed, her fans recognize this on some level; as the wildfires raged on, many of them were spotted on social media, deliberately spreading the untrue rumor that Swift had donated $10 million to wildfire relief. If you care about climate change and you believe these people are influential, and clearly they are, Westlake said, then there is the potential there to send a very strong signal if they change their behavior. He emphasized the importance of prominent public figures visibly reducing their carbon footprints a change that may do more to actually send a message than merely talking about climate change (looking at you, Leonardo DiCaprio) or expressing sympathy for victims of the wildfires. On the other hand, if high-profile celebs and business leaders fail to change their own behavior when confronted by the climate crisis, Westlake says, then that cements the [idea] that things wont change.One added benefit of the medias current coverage of the wildfires is that the inclusion of the dramatic narratives of some high-profile victims means that the news cycle has yet to move away from the crisis. That, in turn, gives us a rare chance to see a part of the story that rarely makes headlines: the recovery period. Lai pointed out that focused attention on the disaster itself fades over time, and when attention fades, so does financial aid, volunteer attention, and help from the public and social aid programs. The longer the media focus remains on the recovery, the more all of that attention converts to actual, crucial assistance. Not only that, but more media coverage of the aftermath means that the public may gain a better understanding of the long-term impacts of these disasters.Theres a perception that everyone has an equal chance of being affected by a disaster, Lai said. Theres this idea that this could happen to anyone. Its the recovery period, however, where the cracks in this idea begin to show. For those with means, recovery can be easier, Lai said. Its a myth that disasters affect all people equally, because when you have fewer means, its harder to return to the place you were living. You might not have insurance or recovery funds, or emergency funds for childcare, for instance. Additionally, natural disasters and other climate-related disasters impact victims mentally, psychologically, emotionally, and even physically; PTSD, anxiety, increased smoking, and increased drinking are all commonly observed effects and many of these effects impact marginalized people and those with limited resources differently than they do wealthier survivors. There is fatigue from hearing these stories, Lai said. But its the buildup of these stressors that puts people at risk for negative impacts after a disaster. Media coverage dies down, but the recovery period will go on for years for the victims.Both Westlake and Lai emphasized the need for journalists to be clear about naming the problem. Lai observed that theres a push in the research field to not call these events natural disasters but rather human-related disasters. Sacrifice is a bit of a dirty word in climate change, Westlake said. But in our culture, it really indicates what we value. One of the key things is to say the problem, Westlake said. The problem is fossil fuel consumption and burning. Thats the key to include in stories if you can. And make that connection. Identifying the primary problem of fossil fuel consumption can hopefully increase the onus to cut down consumption, both among consumers and among larger entities. This, he stressed, is where celebrity influence really comes into play. Sacrifice is a bit of a dirty word in climate change, Westlake said. But in our culture, it really indicates what we value. If were willing to change our consumptive experiences for a stable climate, a livable planet, it doesnt seem such an extreme thing to do. If that change can happen one celebrity at a time, so much the better even if its just a small, step-by-step process. It doesnt have to be switched off overnight, Westlake said. 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