Monthly Archives: November 2022

Stanford lost 4% on its investments after making 40% a year ago, as slumping markets hit university endowments

Stanford University. (Photo by David Madison/Getty Images) Stanford University’s endowment posted a 4% loss after gaining 40% the year before, per the WSJ.  Other leading US schools have seen big swings from record returns on endowments to losses, it reported.  The declines could have been deeper if venture capital returns had reflected the stock market….

Bolsonaro supporters blockade Brazil’s roads after he lost the election, demanding the result be overturned

Supporters of Jair Bolsonaro set fire to a barrier during a blockade on a highway between Rio de Janeiro and Sao Paulo on October 31, 2022. MAURO PIMENTEL/AFP Jair Bolsonaro is yet to concede Sunday’s election, heightening tensions across the country. 220 highway were blockaded as of Tuesday morning, federal highway police told The New…

Elon Musk’s rival Austin Russell said Teslas will not become self-driving anytime soon

Elon Musk and Austin Russell JIM WATSON/AFP via Getty Images and Kimberly White/Getty Images for TechCrunch Austin Russell said Tesla will not become autonomous without using LiDAR technology. Russell’s company makes LiDAR tech, but Elon Musk has continually spoken out against the radars in the past. The 27-year-old also took a jab at Tesla’s FSD,…

Rep. Katie Porter, a Democratic star who’s charmed fans with her whiteboards in hearings, could lose her California seat next week

Rep. Katie Porter, a California Democrat. Andrew Harnik-Pool/Getty Images The Cook Political Report switched Rep. Katie Porter’s race from “lean Democratic” to a “toss-up.” Porter, a Democratic darling, could be in danger of losing her California seat. Pollsters say Republicans are likely to take back the House. Democratic Rep. Katie Porter of California could be…

Investors are flocking to tech and telecom stocks, but they’re wrong to see them as defensive plays, Bank of America says

wera Rodsawang/Getty Images Investors have been rotating into tech and communication services stocks, which they see as defensive, Bank of America said Tuesday.  But the bank disagrees with that view in part as fundamentals are weakening.  BofA said clients last week sold stocks in all sectors except for tech and comm services.  Investors have been…

Iran appears to be using Chinese knock-offs of Western parts to build suicide drones for Russia’s war in Ukraine, researchers find

Ukrainian President Volodymyr Zelenskyy stands next to an Iranian-made Shahed-136 drone. Screenshot/President of Ukraine official website Iran appears to be using Chinese knock-offs of Western hardware in its suicide drones.  The engine of one Iranian drone was built in China and is a copy of a German product.  These drones have emerged as Putin’s weapon…

A couple bought a private island in Finland they found on Google Maps and turned it into a $2,400-a-night getaway. Here’s how they did it.

Aleksi Hautamäkia, Milla Selkimäki, and their son. Onni Aaltonen Designer Aleksi Hautamäki and his partner purchased an island in Finland they call Project Ö. They designed everything themselves and now rent it out for between $1,800 and $2,400 a night. The island’s luxury cabin has an indoor and outdoor kitchen, natural hot tub, and sauna….