August 2024 - Page 16 of 35

The latest showbiz news: Tom Cruise covers Suri’s college expenses; celebrity love triangles and more

25

Aug

Entertainment

The latest showbiz news: Tom Cruise covers Suri’s college expenses; celebrity love triangles and more

Immerse yourself in today's entertainment landscape with ongoing updates and insights. Explore the latest from Bollywood and Hollywood and stay informed about key events shaping the industry. Key Entertainment Updates Tom Cruise's Financial Commitment to Suri's EducationTom Cruise has reportedly taken responsibility for funding his estranged daughter Suri’s education with a substantial payment to cover her college tuition, marking the end of any further financial support for his ex-wife Katie Holmes. Celebrity Gossip Heats Up With New Song ReleaseThe release of Sabrina Carpenter's "Short n' Sweet" has sparked rumors of a love triangle involving Shawn Mendes and Camila Cabello. Fans…

Is the billion negotiation for Medicare a breakthrough or just a small step?

25

Aug

By William Lee

Health

Is the $6 billion negotiation for Medicare a breakthrough or just a small step?

In recent news, the White House has made a significant announcement that marks a new chapter in health care policy. This development is the culmination of years of tireless effort: For the first time, the U.S. government has successfully negotiated drug prices directly with pharmaceutical companies. This achievement is noteworthy because the battle to reduce health care costs has always been daunting; thus, Medicare’s new ability to negotiate marks a pivotal moment. In the United States, an estimated 18 million people struggle to afford essential medications. As a result, any reduction in drug prices is likely to have a substantial…

RealPage faces Justice Department lawsuit over alleged collusion in rentals

25

Aug

By William Lee

RealPage faces Justice Department lawsuit over alleged collusion in rentals

On Friday, the U.S. Department of Justice, along with attorneys general from eight states, filed a lawsuit against RealPage, a software company, accusing it of illegally collaborating with landlords to reduce competition and keep rent prices high, affecting millions of tenants. The civil lawsuit, filed in U.S. District Court in North Carolina, alleges that RealPage uses its technology to manipulate and distort market dynamics. “RealPage operates as a digital intermediary that aggregates and misuses critical rental property data,” according to the lawsuit. The lawsuit alleges that the company profits at the expense of tenants, who face inflated prices, and honest…

Exploring the effect of recent economic developments on Federal Reserve strategies

24

Aug

By William Lee

Business

Exploring the effect of recent economic developments on Federal Reserve strategies

On a crucial Friday, Federal Reserve Chairman Jerome Powell laid out the groundwork for upcoming interest rate cuts, but gave no details on the expected timing or scope of those cuts. In his highly anticipated speech at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, Powell announced, “It’s time to change our approach.” He explained that while the future course is set, the specifics of the timing and size of rate cuts will depend on new data, future economic projections and risk assessments. Live Update: Chairman Jerome Powell Speaks at Jackson Hole Conference As financial markets anticipate future monetary…

Smart meters, dumb grids: disconnection in modern energy management

24

Aug

By William Lee

Technology

Smart meters, dumb grids: disconnection in modern energy management

In many homes today, an advanced electric meter diligently records energy use, serving as a gateway to both a sustainable future and reduced energy costs. These devices have the potential to revolutionize the way we consume electricity by providing real-time data to homeowners, utilities, and the myriad of technology companies eager to optimize energy use. However, the promise of these smart meters is undermined by a significant obstacle: the data they collect is not standardized, making it difficult to use effectively. Without a uniform format, the valuable insights that could be gleaned from this data are often inaccessible, stifling the…

A million bet: the authenticity of Babe Ruth’s “Called Shot” T-shirt

24

Aug

By William Lee

Sports

A $20 million bet: the authenticity of Babe Ruth’s “Called Shot” T-shirt

When a Yankees away jersey allegedly worn by Babe Ruth during his iconic "called pitch" in Game 3 of the 1932 World Series surfaced in the 1990s, it quickly became a prized possession for collectors. However, a recent photomatching controversy has cast doubt on its authenticity, potentially impacting its value at an upcoming auction. Experts in the field of photomatching, a technique used to verify the authenticity of memorabilia, are divided over the shirt's origins. While several companies have confirmed that it matches match photos, Resolution Photomatching, a leading company in the field, has issued a verdict of "no match."…