Day: July 14, 2020

Trump administration drops rule barring foreign students from taking online-only classes

WASHINGTON – President Donald Trump’s administration agreed Tuesday to rescind its controversial rule barring international students from living in the USA while taking fall classes online, a sharp reversal after the White House faced a slew of lawsuits challenging the policy.  

A Massachusetts judge announced the decision during a federal court hearing in a case filed last week by Harvard University and Massachusetts Institute of Technology. Judge Allison Burroughs said the universities’ request for the court to block the rule was moot because the government agreed to rescind the policy. 

Monday, 18 state attorneys general had sued the Department of Homeland Security over the rule, which would have forced foreign students to leave or face deportation if they were enrolled in only online classes this fall, when experts fear expanded outbreaks of COVID-19 cases. 

An international student at Indiana University waits for a bus near the university on March 20, when classes first went online because of the pandemic.
An international student at Indiana University waits for a bus near the university on March 20,
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Some shoe and clothing boutiques devastated by COVID

CBS News is chronicling what has changed for the lives of Americans in 2020 amid the coronavirus pandemic.

In the next 30 days Jill Rubinstein will make a decision about whether to permanently close her specialty shoe store, Footloose, after 33 years and take the store totally online. Rubenstein, a third-generation shoe store owner, has been losing money by keeping her Pittsburgh boutique open this year and was forced to get a second job to cover her family’s health insurance. 

“[Business] was dwindling, but now it’s like putting the nail in the coffin,” she said. The pandemic has driven her sales down by 90%. 

Lisa Rubinstein, in her shoe store, Footloose, Pittsburgh. / Credit: Lisa Rubinstein
Lisa Rubinstein, in her shoe store, Footloose, Pittsburgh. / Credit: Lisa Rubinstein

Stories like Rubinstein’s have become commonplace across the retail industry. COVID-19 is leaving millions of Americans jobless or working from home and as a result, they’re buying less. Clothing and shoe sales dropped nationally

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Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes

Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh. Here’s the story:

You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. 

Top shelf

AML Compliance
BitGo is offering API support for the Financial Action Task Force’s (FATF) “Travel Rule,” which stipulates the originators and beneficiaries of financial transactions over $1,000 be identified and that their personal data must “travel” with those transactions. BitGo’s offering seeks to remove the headache of identifying wallets and transferring personally identifiable information between clients that use the San Francisco-based firm’s technology or custodial services.

Related: First Mover: Bitcoiners Not Worried Fed Money Printer Has Stopped Going ‘Brrrr’

Binance Card
Binance has announced the first major rollout

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The 5 best Amazon deals you can get this Tuesday

Shop the top Amazon deals this Wednesday.
Shop the top Amazon deals this Wednesday.

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.

As we make our way through summer, tons of retailers including Amazon are already starting to ramp up their mid-season deals and sales offerings. So whether you can’t resist a good price drop, or have a product you’ve been eyeing all year long, now’s as good a time as any to do a little online shopping and take advantage of these sweet opportunities to save.

Need help finding products? Sign up for our weekly deals newsletter. It’s free and you can unsubscribe any time.

This Tuesday, we’ve scoured the depths of Amazon to bring you the top deals of the day on some of the best products in their respective categories. Ranging from the Fitbit Inspire HR to the Microsoft Surface Pro 7, here

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Slated Taps Tim Wesley As CEO; Yair Landau, David Wertheimer And Michael Joe Join Board

Click here to read the full article.

Slated, the online film financing, sales, packaging and development marketplace, has hired Tim Wesley as CEO.

Wesley recently served as an executive digital consultant for AMC Theatres and is the former general manager of RedBox On Demand.

More from Deadline

He will report to Slated’s newly installed board of directors. Stephan Paternot, co-Founder, who led the company as CEO for the previous six years, will continue with the company as executive chairman.

Simultaneously joining the company’s board of directors are a trio of respected entertainment industry executives: Yair Landau, the former vice chairman of Sony Pictures and president of Sony Pictures Digital Entertainment; David Wertheimer, former president of digital at Fox Networks Group and president of Paramount Digital Entertainment; and Michael Joe, former COO of STXfilms and EVP of Universal Pictures.

Under Wesley’s direction, Slated will expand the company’s institutional capital resources to

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Here’s Where You Can Buy Non-Medical Face Masks Online Right Now

Update, June 24, 2020: Since communities in the United States resume holding public events such as protests and political rallies, the Centers for Disease Control and Prevention has released new guidelines defining these sorts of gatherings as high risk. In situations where maintaining physical distance is difficult, the CDC says cloth face coverings are “most essential” and should be worn by both event staff and attendees.

Update, May 6, 2020: As stay-at-home orders come to an end and businesses across the U.S. begin to re-open, a number of states are taking the CDC’s recommendation to wear a cloth face-covering in public to the next level by making it a requirement. This is in effect in the following seven states so far: New York, New Jersey, Connecticut, Pennsylvania, Maryland, Rhode Island, and Hawaii.

Update, April 4, 2020: The CDC issued a recommendation that President Donald Trump shared on Friday:

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8 High-Risk Stocks

Number 8
Number 8

As equity markets continue to recover after the collapse earlier in the year, many shares are now overvalued, according to Morningstar analysts.

Investors looking to capitalise on lockdown trends have chased e-commerce, tech and healthcare stocks, driving valuations ever higher. Indeed, Tesla’s (TSLA) shares have soared 200% this year, for example, while Shopify (SHOP)  is up nearly 140%. Such a rapid upward trajectory may not be a signal to buy, however – analysts warn many of these hot stocks are looking expensive.

UK Stocks to Avoid

We last looked stocks to avoid in April when valuations were starting to move higher after March’s sell-off.

To compile this list we look at stocks with an Uncertainty Rating of High or Very High, which have no Economic Moat, and which are rated as either one or two stars by Morningstar analysts, indicating that their shares are trading above their fair

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Biases in algorithms hurt those looking for information on health

<span class="caption">Finding valid health care information on social media is harder than it seems.</span> <span class="attribution"><a class="link rapid-noclick-resp" href="https://www.gettyimages.com/detail/news-photo/staff-members-view-the-new-iphone-x-in-the-apple-store-upon-news-photo/869708150?adppopup=true" rel="nofollow noopener" target="_blank" data-ylk="slk:Carl Court/Getty Images">Carl Court/Getty Images</a></span>
Finding valid health care information on social media is harder than it seems. Carl Court/Getty Images

YouTube hosts millions of videos related to health care.

The Health Information National Trends Survey reports that 75% of Americans go to the internet first when looking for information about health or medical topics. YouTube is one of the most popular online platforms, with billions of views every day, and has emerged as a significant source of health information.

Several public health agencies, such as state health departments, have invested resources in YouTube as a channel for health communication. Patients with chronic health conditions especially rely on social media, including YouTube videos, to learn more about how to manage their conditions.

But video recommendations on such sites could exacerbate preexisting disparities in health.

A significant fraction of the U.S. population is estimated to have limited health literacy, or the capacity to obtain, process and

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Microsoft To Spin-Off Xiaoice, China’s Teenage Chatbot

Microsoft (MSFT) has announced the spin-off of the AI chatbot Xiaoice into a separate company according to an announcement made in Chinese by the company on Sunday.

The virtual teenager was previously described by Microsoft as ‘much more than a chatbot.’ In a 2018 blog post, Microsoft wrote “many prize her as a dear friend, even a trusted confidante. Sometimes the line between fact and fantasy blurs. She gets love letters and gifts.” The secret of her success: she can learn, with increasing success, to relate and interact with humans through nuance, social skills, and, importantly, emotions.

Going forward, Microsoft has appointed Dr. Shen Xiangyang as chairman of the new company, Li Di as chief executive officer, and Chen Zhan as general manager of the Japanese branch. All related work will be completed within the next few months.

According to the statement, Microsoft will maintain investment rights in

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Edited Transcript of ONE.N earnings conference call or presentation 19-May-20 12:00pm GMT

Jul 14, 2020 (Thomson StreetEvents) — Edited Transcript of OneSmart International Education Group Ltd earnings conference call or presentation Tuesday, May 19, 2020 at 12:00:00pm GMT

OneSmart International Education Group Limited – Chief Strategic Officer, CFO & Director

Good day, and good evening, and welcome to the OneSmart International Education Group Limited Announces Unaudited Financial Results for the Second Fiscal Quarter Ended February 29, 2020, Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Rebecca Shen, Investor Relations Director. Please go ahead.

Thank you, operator. Good morning, and good evening, everyone, and thank you for joining OneSmart International Education Group Limited Second Fiscal Quarter 2020 Earnings Conference Call. The company’s earnings results as well as supplementary slide presentation were released earlier today and are available on the company’s IR website at www.onesmart.investorroom.com. Joining me today are Mr. Steve … Read More