Newsweek

1970 “The long bear market that ushered in the [Richard] Nixon administration opened the week with steep, fresh losses,” wrote Newsweek on the unstable market conditions that marked the decade. “But then, the most powerful three-day rally in memory surged through Wall Street, lifting prices by a flabbergasting eleven percent.” While things have changed quite a bit since the era of Nixonomics, consensus is still elusive regarding what monetary and tax policies will effectively control the ebbs and flows of the economy to prevent inflation and recessions. 1994 “Boomers are bashing twentysomethings with startling relish these days. Generation X is just a bunch of whiners, right? They’re all slackers,” wrote Newsweek. The same age-old refrain resounds in the era of quiet quitting, a phenomenon that affects around 50 percent of the U.S. workforce,…

THE EXPLOSION OF PROGRESS IN ARTIFICIAL intelligence in recent months has surprised even the scientists and engineers who specialize in applying AI to real-world tasks. “A few years ago I never would have imagined we’d advance this far this soon,” says Zhe Jiang, a University of Florida researcher who studies industrial applications of AI. The recent excitement—and concerns—over this technology were ignited when several major companies released stunningly capable new programs in swift succession, including OpenAI’s ChatGPT, Microsoft’s Bing and Google’s Bard. These “large language models” are programmed to pore over trillions of words of text from the internet to learn how to produce very human-like text and images on their own in response to plain English questions and requests. These and other AI tools are expected to have big consequences for…

DUTCH DRIVER MAX VERSTAPPEN MAY HAVE claimed victory at the Miami Grand Prix on May 7, but it was Formula 1 president and CEO Stefano Domenicali who was the real winner. The second running of the race was the first of three grand prix in America this racing season—the most held on U.S. soil in nearly 40 years—in a resurgence led by the Italian executive and the series’ Colorado-based owner, Liberty Media. Through clever marketing via social media and the hit Netflix series Drive to Survive, plus enough youth-friendly “woke” ideology to ruffle the feathers of the Miami Grand Prix’s host state governor, Ron DeSantis, Formula 1 is capturing the imagination of a new generation of American fans. With a seemingly glamorous, celeb-filled international jet set vibe and the buckets of…

HAT DOES IT MEAN TO BE A Most Loved Workplace®? Fringe benefits and fair compensation influence employee engagement, of course, but culture is an even more significant influence on sentiment. Employees who feel included, recognized and valued love their workplaces. And associates who love their workplaces — dreamers, doers, innovators and leaders —enjoy longer tenure and do better work. Newsweek, in partnership with benchmark research company Best Practice Institute (BPI), is proud to announce our annual ranking of “Global Most Loved Workplaces 2023.” The 100 top global companies on this list stand out to their employees. They have open-door policies where employees feel heard, offer flexibility that supports work/life balance and provide opportunities for professional development, promotion and recognition. his ranking is based on BPI’s proprietary Love of Workplace Index™ analysis…

Dogs may be our best friends, but they can also serve as reminders of beloved far-off travels. Many dogs have their origins in surprising lands and were bred for specific purposes—from sheep herding to companionship. Knowing dogs’ global origins and personalities can help you understand your own pooch. And since having a dog is a big responsibility, if you’re ready to make the leap, be sure to do your research to ensure that that the breed you select is a good match for your living situation and lifestyle choices. 01 Protective Pup Australian Shepherd CALIFORNIA Despite its name, the Australian shepherd is actually a descendent of dogs the Spanish brought to California in the 1500s. It gets its name from the New Zealand and Australian collies that were part of that group. This…

FOR MELISSA MCCARTHY, PLAYING URSULA IN THE LIVE-ACTION REMAKE of The Little Mermaid (May 26) began with terror. “That song [“Poor Unfortunate Souls”] looms so large for me that if I can’t do it, I shouldn’t be doing it.” Fortunately for us, she did do it—and did it well. That’s partly because she saw Ursula as more than just a villain. “She’s not just ostracized, she’s isolated...She is such a complicated character.” The animated Ursula was heavily inspired by the drag queen Divine, which made the character even more rich for McCarthy. “There has never been a world without drag. And I do not care to ever see a world without drag.” Directed by Rob Marshall and with Halle Bailey as Ariel, McCarthy has nothing but praise for them. “He…