Companies can ‘hire’ a virtual person for about $14k a year in China

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Virtual singer Luo Tianyi performing with world renowned pianist Lang Lang in 2019 at the Mercedes-Benz Arena in Shanghai, China. Launched in 2012, Luo Tianyi has nearly 3 million fans and even performed at the Winter Olympics opening ceremony in Beijing this year.
Visual China Group | Getty Images

BEIJING — From customer service to the entertainment industry, businesses in China are paying big bucks for virtual employees.

Tech company Baidu said the number of virtual people projects it’s worked on for clients has doubled since last year, with a wide price range of as little as $2,800 to a whopping $14,300 per year.

Virtual people are a combination of animation, sound tech and machine learning that create digitized human beings who can sing and even interact on a livestream. While these digital beings have appeared on the fringes of the U.S. internet, they’ve been popping up more and more in China’s cyberspace.

Some buyers of virtual people include financial services companies, local tourism boards and state media, said Li Shiyan, who heads Baidu’s virtual people and robotics business.

As the tech improves, costs have dropped by about 80% since last year, he said. It costs about 100,000 yuan ($14,300) a year for a three-dimensional virtual person, and 20,000 yuan for a two-dimensional one.

Li expects the virtual person industry overall will keep growing by 50% annually through 2025.

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China is pushing hard into the development of virtual people.

Beijing city announced in August a plan to build up the municipal virtual people industry into one valued at more than 50 billion yuan by 2025. The municipal authorities also called for the development of one or two “leading virtual people businesses” with operating revenue of more than 5 billion yuan each.

This fall, central government ministries released a detailed plan for incorporating more virtual reality – especially in broadcasting, manufacturing and other areas. The country’s latest five-year plan revealed last year included a call for more digitalization of the economy, including in virtual and augmented reality.

Searching for scandal-free icons

From a business perspective, much of the focus is on how virtual people can generate content.

Brands in China are looking for alternative spokespeople after many celebrities recently ran into negative press about tax evasion or personal scandals, said Sirius Wang, chief product officer and head of marketplace Greater China at Kantar.

Dancers perform with virtual digital people at the Future Life Festival 2022 in Hangzhou, China, on Nov. 4, 2022.
Future Publishing | Future Publishing | Getty Images

At least 36% of consumers had watched a virtual influencer or digital celebrity perform in the last year, according to a survey published by Kantar this fall. Twenty-one percent had watched a virtual person host an event or broadcast the news, the report said.

Looking ahead to next year, 45% of advertisers said they might sponsor a virtual influencer’s performance or invite a virtual person to join a brand’s event, according to the Kantar report.

Growing development of virtual people

Many of China’s large tech companies have already been developing products in the virtual humans industry.

Video and game streaming app Bilibili was one of the earliest to take the concept of virtual people mainstream.

The company acquired the team behind virtual singer Luo Tianyi, whose image and sound are fully created by tech. This year, the developers focused on improving the texture of the virtual singer’s voice by using an artificial intelligence algorithm, according to Bilibili.

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Launched in 2012, Luo Tianyi has nearly 3 million fans and even performed at the Winter Olympics opening ceremony in Beijing this year.

Bilibili also hosts many so-called virtual anchors, which are the direct avatars of people using special technology to reach their audience. The company said 230,000 virtual anchors started broadcasting on its platform since 2019, and the virtual anchors’ broadcasting time this year surged by about 200% from last year.

Tencent said in its latest earnings call that Tencent Cloud AI Digital Humans provide chatbots to sectors such as financial services and tourism for automated customer support. The company’s Next Studios also developed a virtual singer and virtual sign language interpreter.

Far smaller companies are also getting into the industry.

Startup Well-Link Technologies — whose cloud rendering tech support for Chinese video game developer miHoYo brought it success in the gaming industry — announced this year it has developed yet another model of a virtual person in a joint venture with Haixi Media.

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The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards

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A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year.
STR | Nurphoto via Getty Images

2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%.

Investors were caught off guard by a wave of collapses in the industry from stablecoin project terraUSD to crypto exchange FTX, as well as a worsening macroeconomic climate. Those who made predictions about bitcoin’s price in the past year really missed the mark.

But with 2023 almost upon us, some market players have stuck their neck out with price calls for what could be another volatile year.

Interest rates around the world are on the rise, and that’s weighing on risk assets like stocks and bitcoin. Investors are also watching how the FTX saga, which resulted in the arrest of the company’s founder Sam Bankman-Fried in the Bahamas, will develop.

CNBC rounds up some of the boldest price calls for bitcoin in 2023.

Tim Draper: $250,000

Bitcoin bull Tim Draper had one of the most optimistic calls on bitcoin of 2022, predicting the token would be worth $250,000 by the end of the year.

In November, the billionaire venture capitalist said he’s extending the timeline for that prediction until mid-2023. Even after the collapse of FTX, he’s convinced the coin will hit the quarter-of-a-million milestone.

“My assumption is that since women control 80% of retail spending, and only 1 in 7 bitcoin wallets are currently held by women that the dam is about to break,” Draper told CNBC via email.

Bitcoin would need to rally 1,400% in order for it to trade at that level.

Despite the depressed prices and trading volumes drying up, there could be reason to suspect the market has found a bottom, according to Draper.

“I suspect that the halvening in 2024 will have a positive run,” he said.

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The halvening, or halving, is an event that happens every four years in which bitcoin rewards to miners are cut in half. This is viewed by some investors as positive for bitcoin’s price, as it squeezes supply. The next halving is slated to happen sometime in 2024.

Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs.

These actors accumulate massive piles of digital currency, making them some of the biggest sellers in the market. With miners offloading their holdings to pay off debts, that should remove most of the remaining selling pressure on bitcoin.

That’s historically a good sign for bitcoin, said Vijay Ayyar, vice president of corporate development at crypto exchange Luno.

“In prior down markets, miner capitulation has usually indicated major bottoms,” Ayyar told CNBC. “Their cost to produce becomes greater than the value of bitcoin, hence you have a number of miners either switching off their machines … or they need to sell more bitcoin to keep their business afloat.”

“If the market reaches a point where it’s absorbing this miner sell pressure sufficiently, one can assume that we’re seeing a bottoming period.”

Standard Chartered: $5,000

For some market participants, the worst is yet to come.

In a Dec. 5 research note, Standard Chartered said bitcoin may sink as low as $5,000. The prediction, one of the bank’s list of “surprises” that are being “under-priced” by markets, would represent a 70% plunge from current prices.

“Yields plunge along with technology shares” in Standard Chartered’s nightmare 2023 scenario, “and while the Bitcoin sell-off decelerates, the damage has been done,” said Eric Robertsen, the bank’s global head of research.

“More and more crypto firms and exchanges find themselves with insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets,” he added.

Robertsen said the scenario has a “non-zero probability of occurring in the year ahead” and falls “materially outside of the market consensus or our own baseline views.”

Mark Mobius: $10,000

Veteran investor Mark Mobius had a relatively successful 2022 in terms of his price call. In May, he forecast bitcoin would drop to $20,000 when it was trading above $28,000.

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He said bitcoin would fall to $10,000 in 2022. That did not happen. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023.

The investor, who made his name at Franklin Templeton Investments, told CNBC that his bear case for bitcoin stemmed from rising interest rates and general tighter monetary policy from the U.S. Federal Reserve.

“With higher interest rates, the attraction of holding or buying Bitcoin or other cryptocurrencies becomes less attractive since just holding the coin does not pay interest,” Mobius said via email.

Carol Alexander: $50,000

Carol Alexander, professor of finance at Sussex University, wasn’t far off the mark with her prediction that bitcoin would slip to $10,000 in 2022.

Now, she thinks the cryptocurrency could be set for gains — but not for reasons you might expect.

The catalyst would be more dominos from the FTX fallout tipping over, Alexander said. If this happens, she expects the price of bitcoin will top $30,000 in the first quarter, and then $50,000 by quarters three or four.

“There will be a managed bull market in 2023, not a bubble — so we won’t see the price overshooting as before,” she told CNBC.

“We’ll see a month or two of stable trending prices interspersed with range-bounded periods and probably a couple of short-lived crashes.”

Alexander’s reasoning is that, with trading volumes evaporating with traders on edge, large holders known as “whales” will likely step in to prop up the market. The wealthiest 97 bitcoin wallet addresses account for 14.15% of the total supply, according to fintech firm River Financial.

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Some investors have given up trying to predict the price of bitcoin. For Antoni Trenchev, CEO of crypto lending platform Nexo, the recent events are a sobering moment.

Bitcoin was on a “positive path” earlier in 2022, with institutional adoption rising, but “a few major forces interfered,” he said.

Trenchev once predicted bitcoin surging to a peak of $100,000 by early 2023. Now, he’s done trying to predict the price.

Laith Khalaf, financial analyst at AJ Bell, suggested attempts to forecast bitcoin’s price are futile.

“We could be sitting here talking this time next year and it could be at $5,000 or 50,000 it just wouldn’t surprise me because the market is so heavily driven by sentiment,” he told CNBC’s “Squawk Box Europe.

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America’s new B-21 Raider has 4 big secrets China wants to steal

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The Air Force’s new B-21 Raider stealth bomber that debuted Dec. 2 is safely back in its hangar in California, but you can bet China’s keyboard warriors are furiously clicking away trying to unravel its secrets via cyber-espionage. 

You, me and military officers in China and other bad guy countries all want to know four big secrets about the B-21. 

First, can the B-21 fly without pilots? Original acquisition documents called for the B-21 bomber to be “capable of manned and unmanned operations.” Military drones take the man or woman out to save weight and increase endurance flight time. No one doubts the Air Force pilots can stick it out for long missions. Back in 2001, two B-2 bomber pilots logged a 44-hour mission from Missouri to Afghanistan and back. Bomber pilots train in simulators for 72-hour missions (and you thought the center seat on Southwest Airlines was tough.)

CHINESE PILOT FLIES 10-FEET FROM U.S. AIRFORCE PLANE

However, it’s not hard to picture a B-21 in the future on an unmanned mission, high above enemy missile fields, deterring attack by spotting missiles as they come out of hiding. One day the B-21 may be the first warplane fully certified to operate with or without a crew.

Second, how do the hidden engines work? Notice you cannot even see the B-21’s engines. Experts think the B-21 flies with two highly advanced engines, but the glimpse of Raider on Dec. 2 revealed nothing. The technology to embed engines and muffle their heat flow is one of the most-prized secrets of the B-21 Raider. “This is a very, very different design as far as airflow, and there have been some design challenges there,” Rep. Rob Wittman, R-Va., told Defense News back in March 2018. Trust engine supplier Pratt & Whitney of Connecticut to have that all worked out, and keep it more closely guarded than the recipe for Coca-Cola.

Third, the Chinese, Russians and others are wondering about what type of missions the B-21 can carry out. Upholding the nuclear deterrence triad by training for nuclear weapons delivery will be one vital task. However, the B-21 with its advanced networking is also primed for a range of conventional missions.

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Let me illustrate by way of the movie “Top Gun: Maverick” which, if you are reading this piece, you probably saw. Tom Cruise as Maverick trained Miles Teller’s character Rooster and the other Navy pilots to hit an undeclared nuclear site that was violating all sorts of treaties. (Might be you, Iran!) In the movie, the Navy jets reached their target by flying in low. Then they were jumped by enemy fighters from a nearby base. Gallantry ensued.

CHINESE PILOT FLIES 10-FEET FROM U.S. AIRFORCE PLANE

But in my opinion, that was actually a classic stealth bomber target set. A system like the B-21 can approach the target area at high altitude, avoiding detection, then use lots of precision direct attack and/or stand-off weapons, from a better release altitude, to destroy the nuclear site, the runway and any other hardened and buried aim points. Consider the B-21 for “Top Gun III – Maverick vs Xi Jinping,” if you ever produce it, Mr. Cruise.

So, can China crack the secrets of the B-21? We know China will try. At Plant 42 in California, the Air Force says people are found “walking their dogs” along the concertina wire fence at 4 a.m. and little drones “accidentally” crash in the compound. To be sure, the B-21 program is also a major stress test for cybersecurity since many companies supply the program. Still, I’m not worried. The immense secrecy surrounding the B-21 was baked into the program from the start.

Here’s the fourth item: the B-21 is not the only secret airplane out there. The Air Force flew a prototype of a new stealth fighter in 2020. No official pictures have been revealed, but concept art from the Air Force Research Lab showed an almost alien-looking design for the fighter emphasizing both stealth and high speed. Just as the P-51 Mustang pursuit planes paired with B-17s and B-24s in World War II, the Air Force will have both unmanned wingman drones and a new fighter to go to war with the B-21.

The new B-21 Raider may have enemies on the watch – but it also has friends.

CLICK HERE TO READ MORE FROM REBECCA GRANT

 

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European shares rise in first trading session of 2023

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In this article

.STOXX

European shares rose in the first trading session of 2023 on Monday, after a rough year marred with fears of a recession as central banks hiked rates globally and the Russia-Ukraine war.

The pan-regional STOXX 600 rose 0.5% by 0810 GMT, supported by rate-sensitive technology stocks. The energy sector added 0.8%.

The STOXX 600 ended 2022 with sharp losses, driven by central banks’ aggressive policy tightening to rein in soaring prices, economic slowdown, the Russia-Ukraine war that increased inflationary pressures and growing concerns over COVID cases in China.

Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but expects high energy prices to be the new normal.

The German benchmark DAX added 0.5%.

London and Dublin stock exchanges will be closed for New Year’s day, while other European exchanges started the year on a positive note.

Croatia rang in the new year with two historic changes, as the European Union’s youngest member joined both the EU’s border-free Schengen zone and the euro common currency.

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New Year's resolutions: Celebrity trainer Jillian Michaels shares the best way to stick to goals in 2023

Celebrities are no different from the rest of us when it comes to choosing goals for the new year.

Whether trying to eat healthier or exercise more, Fox News Digital spoke with experts to figure out the best way to keep your New Year’s resolutions.

Celebrity fitness trainer Jillian Michaels explained how important it is to “emotionally connect to your why.” Michaels has coached celebrities including P!nk and Julia Roberts.

Jillian Michaels is a celebrity trainer who has trained Julia Roberts.

Jillian Michaels is a celebrity trainer who has trained Julia Roberts.
(Jordan Strauss/Invision/AP)

Musician P!nk has also been trained by Jillian Michaels.

Musician P!nk has also been trained by Jillian Michaels.
(Getty Images)

CELEBRITY NEW YEAR’S RESOLUTIONS: BLAKE SHELTON, GWEN STEFANI, JESSIE JAMES DECKER AND MORE ON 2023 GOALS

“Change is work,” Michaels told Fox News Digital. “But work that has a purpose becomes passion. Work that doesn’t have a purpose feels punishing.”

The former “Biggest Loser” trainer emphasized that connecting to “your why” allows you to continue with your goals throughout the entire year.

“The key with the new year is, is grabbing the momentum of it,” she added. “Allowing it to kind of inspire you. And inspiration is this external source that gives you a jumpstart. But with that jumpstart, you need to define a lasting sense of motivation to carry you through these habits and behaviors consistently. And that’s the why part.”

Jillian Michaels spoke to Fox News Digital about how to keep New Year's resolutions.

Jillian Michaels spoke to Fox News Digital about how to keep New Year’s resolutions.
(Getty Images)

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Life coach Susie Moore also emphasized connecting to “the why,” along with two other ways to remain successful.

Moore is a former Silicon Valley sales director turned advice columnist. Her confidence coaching and life advice has been shared by celebrities such as Kris Jenner, Arianna Huffington and Sara Blakely.

Kris Jenner has shared life coach Susie Moore's advice.

Kris Jenner has shared life coach Susie Moore’s advice.
(Gilbert Carrasquillo/GC Images)

“Those of us who manage to maintain and stick with our resolutions, I’ve observed, have three core qualities,” Moore told Fox News Digital.

First, Moore explained that it’s important to recognize priorities.

“So in life, it’s very easy to get sucked in, almost like a plastic bag floating in the wind, you know, paying attention to other people, unless you’re very clear with what your own priorities are.”

“Sometimes we think, you know, we don’t have enough time,” Moore further explained. “Time’s running out, but it’s not a shortage of time. That’s the problem. It’s a shortage of focus. And when we know what our priorities are, we can make decisions based on the lens of the clarity of priorities.”

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Second, Moore said to create boundaries based on your priorities.

“When we have priorities, when we honor our time and have a clear understanding of what time goes where in our life and who gets access to what, it’s very easy to stay on track versus being constantly distracted,” she continued.

Lastly, Moore emphasized that being connected to “your why” is essential.

“Like, why is this your priority?” she told Fox News Digital. “And I think that often when we imagine our life in the future, one day we can imagine we’re looking back at this year, back at this stage in life that we’re in and ask ourselves, you know, am I happy that I spent that time in my life doing this? And why does it matter?”

“When we know our priorities, we’re clear on our boundaries, and we’re connected to our why, our actions then naturally become easier.”

The three most common New Year’s resolutions for 2023 are to exercise more, eat healthier and lose weight, according to the Statista Global Consumer Survey. Those three resolutions were also the top for 2022.

Another common goal for Americans is to save money.

Jessie James Decker wants to maintain her health after participating in the last season of "Dancing with the Stars."

Jessie James Decker wants to maintain her health after participating in the last season of “Dancing with the Stars.”
(Photo by Terry Wyatt/Getty Images)

Jessie James Decker’s New Year’s resolution is to continue her “Dancing with the Stars” workout regimen.

“I want to maintain the ‘Dancing with the Stars’ figure that I got out of the show. That was life changing. To be honest, I’d never gotten in that kind of shape before, and I’ve always been kind of a workout nut,” she told Fox News Digital. “But I really enjoyed that fitness journey on that show.”

Country music star Blake Shelton told Fox News Digital his New Year’s resolution is to drink one less alcoholic drink a day. However, he said his new show “Barmageddon” will likely make achieving that goal more difficult. He joked it will likely force him to have “two more drinks a day.”

Blake Shelton has resolved to drink one less drink per day in 2023.

Blake Shelton has resolved to drink one less drink per day in 2023.

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ABC, NPR, CNN, NBC, Washington Post among media outlets that had gaffes, scandals and debacles in 2022

The legacy media was plagued with scandals, gaffes, and clear bias in 2022, with outlets ranging from CNN, NPR, ABC, NBC and The Washington Post all creating embarrassing headlines. 

Some made unforgettable national news, such as ABC News sidelining “GMA3” co-hosts Amy Robach and T.J. Holmes when their extramarital affair became tabloid fodder, billionaire Elon Musk purchasing Twitter and revealing the once-secret communications of its previous management, and NBC News reporter Dasha Burns being widely scrutinized for simply reporting that Pennsylvania Democratic Senate candidate John Fetterman had issues making small talk a few months after suffering a stroke. 

But other fiascos received less attention, or have become afterthoughts during a wild, jam-packed election year. Here are some of the biggest gaffes, scandals and debacles from 2022: 

ABC NEWS CHEATING SCANDAL: ‘GMA3’ HOSTS T.J. HOLMES, AMY ROBACH BENCHING HITS THIRD WEEK

Chief Justice Roberts debunks NPR story on SCOTUS drama

In January, Chief Justice John Roberts offered a devastating blow to an NPR report alleging a feud between Associate Justices Neil Gorsuch and Sonia Sotomayor. 

A report by NPR’s chief legal affairs correspondent Nina Totenberg went viral within liberal media circles, which alleged that Gorsuch refused to wear a mask while on the bench next to Sotomayor, who has diabetes and makes her vulnerable to COVID, despite having been asked by Roberts. 

Gorsuch and Sotomayor later issued an unprecedented joint statement declaring the NPR’s story “false.” However, their statement did not satisfy liberals in the media, who continued to defend NPR’s report, so Roberts himself stepped in. 

Roberts flatly denied NPR’s reporting, stating, “I did not request Justice Gorsuch or any other Justice to wear a mask on the bench.”

NPR repeatedly defended its report both after the Gorsuch-Sotomayor statement and the Roberts statement, telling Fox News it was standing by Totenberg’s report. 

Whoopi Goldberg suspended from ‘The View’ following Holocaust remarks

“The View” co-host Whoopi Goldberg was suspended in February following controversial remarks about the Holocaust. 

Goldberg went viral when she argued that the Holocaust “isn’t about race,” stunning her colleagues at the table. 

“What is it about?” co-host Joy Behar asked. 

“It’s about man’s inhumanity to man, that’s what it’s about,” Goldberg said.  

“But it’s about a White supremacist going after Jews and Gypsies,” guest co-host Ana Navarro said as Goldberg attempted to speak over her. 

“But these are two White groups of people,” Goldberg said as her colleagues disagreed. 

Jewish groups condemned the comments, accusing Goldberg of minimizing Jewish suffering. 

Goldberg issued an apology, saying she stood corrected. 

“As Jonathan Greenblatt from the Anti-Defamation League shared, ‘The Holocaust was about the Nazi’s systematic annihilation of the Jewish people – who they deemed to be an inferior race.’ I stand corrected,” Goldberg wrote in a statement. 

ABC News president Kim Godwin suspended her for two weeks despite the apology. 

“While Whoopi has apologized, I’ve asked her to take time to reflect and learn about the impact of her comments,” Goldberg said. “The entire ABC News organization stands in solidarity with our Jewish colleagues, friends and communities.” 

However, Goldberg revived the controversy in December after she repeated the remarks that landed her in hot water during an interview, forcing her to apologize again. 

CNN+ streaming service shut down after one month

On March 28, CNN threw a swanky launch party for its new streaming service CNN+ on the eve of its highly publicized premiere. Executives, on-air personalities and reporters attended the soiree at an event space located on the 101st floor of Hudson Yards, overlooking Manhattan. For months, the network had been making headlines for its high-profile hires who were set to host their own programs including Eva Longoria, Chris Wallace, Jemele Hill, Kasie Hunt, Audie Cornish and Rex Chapman.

The next day, CNN’s streaming service launched with minimal fanfare and was swiftly mocked when leaked subscription data revealed startlingly low numbers. 

WarnerMedia and Discovery completed a long-planned merger on April 8, putting CNN under the control of the newly formed Warner Bros. Discovery. Many industry insiders wondered why CNN even launched the service with the merger was looming, as Discovery CEO David Zaslav was known to have a different vision from previous management. It turned out that CNN+ critics were correct in their skepticism.  

By April 21, Warner Bros. Discovery announced it would pull the plug on CNN+, only one month after the network’s much-hyped streaming service launched. The previous management team reportedly spent $100 million on development costs and had roughly 500 employees working on the service, but it failed to resonate with viewers and was quickly scrapped.

MSNBC’s Rachel Maddow reduces workload 

Rachel Maddow, who makes roughly $30 million per year, announced earlier this year that she would only host "The Rachel Maddow Show" once a week, on Monday evenings, so that she could focus on other projects. 

Rachel Maddow, who makes roughly $30 million per year, announced earlier this year that she would only host “The Rachel Maddow Show” once a week, on Monday evenings, so that she could focus on other projects. 
(FOX)

Rachel Maddow, who has long been MSNBC’s biggest star, caused agitation for Comcast honchos in 2022 when she decided to scale back her workload.

Maddow, who makes roughly $30 million per year, shocked MSNBC viewers in April when she announced she would only be hosting “The Rachel Maddow Show” on Mondays to pursue other projects despite the enormous salary. 

She previously competed for the title of “most-watched cable news host” during much of the Trump administration when she attracted a massive liberal audience, in part by pushing various conspiracy theories tying the former president to Russia. 

“The Rachel Maddow Show” thrived off the left’s loathing of Trump, averaging 2.5 million viewers in 2017, 2.9 million in 2018, 2.8 million in 2019 and 3.2 million in 2020. However, media insiders speculated during the first year of Biden’s presidency in 2021 that Maddow was not long for the job, and in April 2022, Maddow returned from a lengthy hiatus and announced she would roll back her on-air presence. 

Maddow now hosts “The Rachel Maddow Show” on Mondays only, leaving MSNBC without its cash cow for the remainder of the week. The network selected Alex Wagner to fill the coveted time slot Tuesday through Friday, but her program hasn’t been able to replicate Maddow’s success in the liberal zeitgeist. 

CNN’s regime change

Jeff Zucker, left, was replaced by CNN chairman and CEO Chris Licht earlier this year.

Jeff Zucker, left, was replaced by CNN chairman and CEO Chris Licht earlier this year.
(Mike Coppola/Getty Images)

CNN is now under the control of Warner Bros. Discovery after a long-planned merger was finalized in 2022, but the transition wasn’t exactly smooth. Jeff Zucker, who presided over the network prior to the merger, was forced out shortly before the deal became official. It was initially thought that he stepped down for failing to disclose a personal relationship with a fellow CNN executive, but it was eventually revealed he violated the network’s standards and practices. 

Many believe Warner Bros. Discovery simply wanted a fresh face, after Zucker was known to be responsible for CNN’s dramatic shift to the left. However, many of CNN’s most prominent faces fawned over Zucker on his way out the door. 

Warner Bros. Discovery eventually named media veteran Chris Licht as Zucker’s replacement, and he quickly made a series of polarizing decisions. Licht, who has been blamed by CNN insiders for low morale within the company, has been forced to lay off hundreds of employees and scrap entire units of the network.  

CNN is set to finish 2022 with historically low viewership and went the entire year without naming a replacement host for the coveted 9 p.m. ET time slot that has been vacant since Chris Cuomo was fired in 2021. 

Media embraces White House recession talking points

Liberal media outlets fell in line with the Biden administration's spin on redefining what a recession is.

Liberal media outlets fell in line with the Biden administration’s spin on redefining what a recession is.
(Screenshot/Twitter)

Liberal media outlets fell in line with the Biden administration’s spin on redefining what a recession is over the summer ahead of the release of potentially devastating economic stats. 

As economic data was set to be revealed showing two consecutive quarters of negative gross domestic product (GDP) growth, the White House preemptively declared that even if the U.S. economy had shrunk in two consecutive quarters, that didn’t necessarily mean the economy was in recession. 

BIDEN WHITE HOUSE TALKING POINTS REDEFINING RECESSION QUICKLY EMBRACED BY MEDIA OUTLETS

Treasury Secretary Janet Yellen asserted that two quarters of negative GDP growth is not the “technical definition” of a recession despite acknowledging that it is the “common” definition, defining it on NBC as a “broad-based contraction in the economy” based on a wide range of data. 

White House Director of the National Economic Council Brian Deese echoed Yellen in citing the so-called “technical definition” of a recession, which he said on CNN involves a “much broader spectrum of data points,” and dismissed having “technical debates about backward-looking data.”

The media embraced and parroted the talking points.

New York Times columnist Paul Krugman told readers “there’s a pretty good chance” that GDP shrank in the second quarter, which will trigger “breathless commentary” about there being a recession. But he insisted “we won’t be.”

“That’s not how recessions are defined; more important, it’s not how they should be defined,” Krugman wrote.

Many other media outlets, including the CNN, Boston Globe, Politico, MSNBC, the Associated press and Bloomberg, also echoed the White House talking points. 

NBC News mysteriously retracts Paul Pelosi report

In one of the strangest media controversies of the year, NBC News retracted a report in November after correspondent Miguel Almaguer suggested four days before the midterms that Paul Pelosi, the husband of Speaker Nancy Pelosi, might not have been in immediate danger before he was attacked in his San Francisco home.

Almaguer reported that police who responded to a 911 call from the Pelosi residence didn’t realize the House Speaker lived there, and that Paul Pelosi didn’t attempt to escape or declare an emergency before walking away from cops and back toward alleged attacker David DePape, who is accused of then assaulting him with a hammer.

NBC BLASTED OVER MYSTERY SURROUNDING MIGUEL ALMAGUER’S CONTINUED ABSENCE OVER SCRUBBED PAUL PELOSI REPORT

The report that aired on “Today” stunningly contradicted the mainstream narrative. After the segment went viral on Nov. 4, NBC News retracted it that afternoon, scrubbing it from the internet and effectively vanishing Almaguer in the process. NBC declined comment throughout the process and refused to explain why the story was retracted aside from a vague line about not meeting standards. 

Almaguer was sidelined from NBC News for over a month, although NBC News never admitted he was suspended on the record, and the Comcast-owned news division still hasn’t explained why the story was quashed. Almaguer has since returned but has not mentioned his weeks-long absence, or the report that NBC News mysteriously retracted.

Adding to the oddness of the story, a local NBC Bay Area report that same month had many of the same details as Almaguer’s.

The Washington Post’s week from hell

The paper known for its slogan “Democracy Dies in Darkness” should perhaps be more concerned about its own well-being after the disastrous week it had in June

Then-reporter Felicia Sonmez went after fellow Post reporter Dave Weigel, who has since left the paper, for retweeting a joke critics deemed sexist while also putting the paper on blast. 

“Fantastic to work at a news outlet where retweets like this are allowed!” Sonmez reacted. 

Weigel was placed on a one-month unpaid suspension despite having removed the retweet and issuing an apology. 

However, Sonmez’s tweetstorms berating her colleagues continued and began receiving public pushback from at least two colleagues, reporters Jose A. Del Real and Lisa Rein, who Sonmez also then attacked. 

After Post boss Sally Buzbee urged staff to be respectful to one another, several prominent reporters expressed solidarity with the paper, all of whom were mocked by Sonmez. 

Following six days of constant viral warfare towards colleagues and the Post, Sonmez was terminated. Weigel left later that year and joined Ben Smith’s new venture, Semafor.

THE WASHINGTON POST’S WEEK FROM HELL

The ordeal occurred days after the Post had to address the controversial 2018 op-ed penned by actress Amber Heard, which became the center of the explosive defamation lawsuit launched against her by ex-husband Johnny Depp. 

In the op-ed, published just days before the release of her film “Aquaman,” Heard alleged she was the victim of domestic abuse, heavily implying Depp was her abuser without actually naming him. But during the stunning six-week trial, it was revealed that the ACLU had ghostwritten her op-ed. In the end, a jury found that Heard’s piece against Depp was in fact defamatory. 

The following day, the Post issued an editor’s note acknowledging the verdict.

“In 2019, Johnny Depp sued Amber Heard for defamation arising out of this 2018 op-ed. On June 1, 2022, following a trial in Fairfax County, Va. Circuit Court, a jury found Heard liable on three counts for the following statements, which Depp claimed were false and defamatory: (1) ‘I spoke up against sexual violence — and faced our culture’s wrath. That has to change.’ (2) ‘Then two years ago, I became a public figure representing domestic abuse, and I felt the full force of our culture’s wrath for women who speak out.’ (3) ‘I had the rare vantage point of seeing, in real time, how institutions protect men accused of abuse,'” the note read, adding that the jury also found Depp had defamed Heard on one count through comments made by his lawyer Adam Waldman.

While the verdict was largely seen as an indictment of Heard’s credibility, some critics argued the Post should also be held accountable for publishing it in the first place. 

That same week, the Post published a report headlined, “Who won the Depp-Heard trial? Content creators that went all-in.”

Authored by the Post’s left-wing “internet culture” columnist Taylor Lorenz, the article shined a light on how online influences thrived during the Depp-Heard trial. Cited in the piece were two YouTubers, “LegalBytes” host Alyte Mazeika and an anonymous user named ThatUmbrellaGuy, who Lorenz alleged had a spike in revenue for their coverage of the courtroom drama. 

Included in the paragraph was a parenthetical statement reading, “Mazeika and ThatUmbrellaGuy did not respond to requests for comment.” Both Mazeika and ThatUmbrellaGuy pushed back at Lorenz’s report, claiming that not only did she mischaracterize their coverage of the trial and their earnings but how she did not actually reach out to them for comment in the first place. The Post was later caught stealth-editing its report when it scrubbed that sentence and was forced to issue multiple corrections. 

Lorenz publicly blamed her editor for including the erroneous statement. The Post later shuffled Lorenz to a different team and reports alleged that the paper’s senior managing editor was “asked” to “review her articles before publication” going forward. 

Fox News’ Ronn Blitzer contributed to this report. 

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Controversial SAFE-T Act takes effect in Illinois minus key provision stayed by judge

A controversial criminal justice reform bill officially took effect on Sunday, with the exception of a key provision put on hold by a court at the last minute, that will make significant changes to how law enforcement handles crimes in the state.

Illinois’ Safety, Accountability, Fairness and Equity-Today (SAFE-T) Act took effect on Sunday although a key part of the bill, which eliminates cash bail in the state, was halted when the Illinois Supreme Court issued a stay at the last minute on Saturday evening  in order to “maintain consistent pretrial procedures throughout Illinois.”

The bill’s other provisions that took effect Sunday, like limiting when defendants can be deemed flight risks, allowing defendants under electronic monitoring to leave home for 48 hours before they can be charged with escape, and preventing police from arresting non-violent trespassers have been widely criticized by politicians and commentators on both sides of the political spectrum. 

Critics say that the new measures will handcuff police and increase crime by releasing criminals with tickets rather than arresting them for certain crimes. 

ILLINOIS SAFE-T ACT: FORMER CHICAGO-AREA POLICE CHIEF, PROSECUTOR SOUND ALARM OVER FAST-TRACKED SAFETY LAW

Sheriff Kyle Bacon said law enforcement's loyalty remains to victims of crimes, as the SAFE-T act will increase the number of criminals released to the streets. 

Sheriff Kyle Bacon said law enforcement’s loyalty remains to victims of crimes, as the SAFE-T act will increase the number of criminals released to the streets. 
(AP Newsroom)

“When I said that this is the most dangerous law I’ve ever seen, I believe that,” Orland Park Mayor Keith Pekau told Fox News. 

Franklin County Sheriff Kyle Bacon told Fox News that from what he can tell of the SAFE-T act, “there’s not a drug offense other than one involving a firearm or a high-level drug offense that is detainable.”

JUDGE RULES ILLINOIS LAW ELIMINATING CASH BAIL IS UNCONSTITUTIONAL

Homicide detectives from Chicago's Police Department are investigating the shooting.

Homicide detectives from Chicago’s Police Department are investigating the shooting.
(Beata Zawrzel/NurPhoto via Getty Images)

As a result, he fears that not only will the high volume of these crimes continue, but low-level criminals abusing drugs may also not receive opportunities to get clean if they’re released immediately after being arrested. 

“It’s a snowball effect if the drug issue leads to these deaths and burglaries that we experience,” Bacon said. “They are a struggle for rural departments to keep up with.”

“Simply booking someone and sending them out before they’re even sober, I don’t see a great benefit,” he told Fox News. “I hope I’m wrong, but it’s concerning.”

SAFE-T ACT: ILLINOIS SHERIFF WARNS PROSECUTORS NOT TO BE ‘OVERZEALOUS’ TARGETING VICTIMS STOPPING CRIMINALS

Officers with the Chicago Police Department are out on patrol in the city's lakefront area during Fourth of July weekend. 

Officers with the Chicago Police Department are out on patrol in the city’s lakefront area during Fourth of July weekend. 
(Chicago Police Department)

The new law also allows for anonymous misconduct complaints against police officers when in the past officers were able to know the identity of the person accusing them. 

“It’s opening the door for the anti-police activist community and the attorneys that represent them that are anti-police,” retired Chicago Police Department Chief of Detectives Eugene Roy told Fox News Digital earlier this year.

“The problem that nobody sees or turns a blind eye to is the effect on morale, recruiting and retention,” Roy said. “Anybody can just make a complaint against an officer. The department or the investigating body does not have to tell the officer who it is, which hinders their ability to respond to the complaint accurately and honestly. It has a bad effect on morale.”

2023 ELECTIONS: CHICAGO CHOOSES A MAYOR, STATES VOTE ON LEGISLATURES IN CONTENTIOUS UPCOMING RACES

The SAFE-T Act will also require all police officers in the state to wear body cameras by January 1, 2025. Currently, only 10% of law enforcement agencies in the state are equipped with body cameras, WTVO-TV reported.

Another part of the legislation, Roy told Fox News Digital, prevents officers from accused in a use-of-force incident from reviewing his or her body camera footage before giving a statement. Officers can now amend their statements after viewing the footage, but that, Roy notes, makes two reports — a situation Roy says is “ideal” for attorneys looking to cast doubt on the story of an officer who may not have accurately reported every detail simply from memory in the first report.

“In criminal or civil cases arising from arrests, this bill is great for defense attorneys and for lawyers who like to sue the police,” Roy said.

Chicago Alderman Anthony Napolitano, who represents the city’s 41st Ward and served as both a Chicago police officer and firefighter, told Fox News Digital earlier this year that his constituents are “beside themselves” over the “horses—” bill” and that he agrees with Roy that the bill will further downgrade police morale by eliminating cash bail, which is now on hold pending a future court decision, and releasing criminals back onto the streets with just citations.

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“It’s just completely wrong in the direction we are going with crime and punishment,” Napolitano said. “The Safe-T Act basically says if you commit a crime you get a strike two, a strike three, a strike four, a strike five, it’s just the wrong way to go about it.”

Fox News’ Teny Sahakian contributed to this report

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One third of world economy expected to be in recession in 2023, says IMF chief


New Delhi
CNN
 — 

This year is going to be tougher on the global economy than the one we have left behind, the International Monetary Fund’s (IMF) chief Kristalina Georgieva has warned.

“Why? Because the three big economies, US, EU, China, are all slowing down simultaneously,” she said in an interview that aired on CBS Sunday.

“We expect one third of the world economy to be in recession,” she said, adding that even for countries that are not in recession: “It would feel like recession for hundreds of millions of people.”

While the US may end up avoiding a recession, the situation looks more bleak in Europe, which has been hit hard by the war in Ukraine, she said. “Half of the European Union will be in recession,” Georgieva added.

The IMF currently projects global growth to be at 2.7% this year, slowing from 3.2% in 2022.

The deceleration in China will have a dire impact globally. The world’s second largest economy weakened dramatically in 2022 because of its rigid zero-Covid policy, which left China out of sync with the rest of the world, disrupting supply chains and damaging the flow of trade and investment.

Chinese leader Xi Jinping said this weekend that he expected China’s economy to have expanded by at least 4.4% last year, a figure much stronger than many economists had predicted but much lower than the 8.4% growth rate seen in 2021.

“For the first time in 40 years China’s growth in 2022 is likely to be at or below global growth,” Georgieva said. “Before Covid, China would deliver 34, 35, 40% of global growth. It is not doing it anymore,” she said, adding that it is “quite a stressful” period for Asian economies.

“When I talk to Asian leaders, all of them start with this question, ‘What is going to happen with China? Is China going to return to a higher level of growth?’ ” she said.

Beijing abandoned Covid restrictions in early December, and while its reopening may provide some much-needed relief to the global economy, the recovery is going to be erratic and painful.

China’s haphazard reopening has unleashed a wave of Covid cases that have overwhelmed the health care system, dampening consumption and production in the process.

The next couple of months will “be tough for China, and the impact on Chinese growth would be negative,” Georgieva said, adding that she expects the country to move gradually to a “higher level of economic performance, and finish the year better off than it is going to start the year.”

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Theodore Roosevelt’s Smith & Wesson revolver fetches nearly $1 million at auction: 'Fantastic condition'

A gun belonging to former President Theodore Roosevelt was auctioned off recently for nearly $1 million.

Roosevelt’s iconic Smith & Wesson New Model No. 3 Single Action Revolver sold for $910,625 at Rock Island Auction Company’s December Premier Auction.

The total realized price was within its estimated value range of $800,000 to $1.4 million, according to information shared with Fox News Digital. 

RARE CIVIL WAR, WWI MILITARY ITEMS MADE BY TIFFANY & CO. TO HIT ILLINOIS AUCTION BLOCK

Rock Island Auction Company is based in Illinois. 

Joel Kolander, interactive production manager, said in an interview that this price is historically high for a collectible firearm. He also described the iconic gun as being in “fantastic condition” even though it’s well over a century old.

Former President Theodore Roosevelt's revolver sold at auction for $910,625.

Former President Theodore Roosevelt’s revolver sold at auction for $910,625.
(Rock Island Auction Company)

“We’re thrilled any time a gun approaches that million-dollar mark,” he said of the collectible. 

“A few years ago that was almost unthinkable, so firearms as a collecting genre has really come a long way.”

The Smith & Wesson was first presented to Roosevelt on May 12, 1898.

The revolver became known in the White House as a “nightstand gun.”

That was the same day he left for San Antonio to train the Rough Riders, according to Rock Island.

THEODORE ROOSEVELT STATUE REMOVED FROM FRONT OF NYC’S MUSEUM OF NATURAL HISTORY

Even though the intention was to carry this revolver into war against Spain, documentation from Roosevelt’s bodyguard revealed that the president instead kept the gun on his bedside table.

The revolver became known in the White House as a “nightstand gun.”

Rock Island Auction Company sold former President Theodore Roosevelt's Smith and Wesson New Model No. 3 Single Action Revolver.

Rock Island Auction Company sold former President Theodore Roosevelt’s Smith and Wesson New Model No. 3 Single Action Revolver.
(Rock Island Auction Company)

Ahead of the auction, Kolander mentioned that many of these historic items are often undervalued.

This is, in part, because they’re an “atypical canvas,” compared to other collectibles such as luxury cars or sports memorabilia.

AUCTION AMAZEMENT: BRITISH MAN TO SELL OFF COLLECTION OF AUTOGRAPHS FROM ALL 46 US PRESIDENTS

“You can be involved in several different genres of collecting and still have firearms appeal to you,” he said.

“So, their undervaluing is really a little bit of a bewilderment to me,” he also said.

Teddy Roosevelt's Smith and Wesson revolver is shown with its official documentation.

Teddy Roosevelt’s Smith and Wesson revolver is shown with its official documentation.
(Rock Island Auction Company)

And when it comes to Roosevelt’s gun, Kolander explained that it’s priced “remarkably low” compared to other genres, especially since it’s an item that belonged to one of the most famous presidents in U.S. history.

He added that the revolver “also has a pretty intrinsic value as a high art object.”

“It shows both how far fine arms have come in recent years and how far there is to go,” he said.

ON THIS DAY IN HISTORY, NOV. 21, 1864, ABRAHAM LINCOLN ‘PENS’ LETTER TO MRS. BIXBY

Rock Island Auction Company wrapped up its weekend-long auction with a volume of more than $18.3 million.

“Over the span of three days, history was brought to life, with immense firearms artistry on display, and one of the most historic lineups to date,” the company said in a statement to Fox News Digital. 

A Cuno Helfricht Master engraved Colt Model 1877 Lightning double action revolver was auctioned off by Rock Island Auction Company.

A Cuno Helfricht Master engraved Colt Model 1877 Lightning double action revolver was auctioned off by Rock Island Auction Company.
(Rock Island Auction Company)

“This sale had it all: rarity, beauty, history and so much more.”

Other historic items sold include outlaw Jesse James’ attributed Smith & Wesson Schofield revolver and holster, which fetched $152,750.

A Cuno Helfricht Master engraved Colt Model 1877 Lightning double action revolver sold way past its estimate, at a realized $323,125, Rock Island told Fox News Digital. 

An extremely rare, exhibition-grade Gustave Young engraved gold Winchester Model 1866 rifle gaveled for a “monumental” $211,500.

Jesse James’ attributed Smith and Wesson Schofield revolver and holster sold at auction for $152,750.

Jesse James’ attributed Smith and Wesson Schofield revolver and holster sold at auction for $152,750.
(Rock Island Auction Company)

Meanwhile, Abraham Lincoln’s Civil War presentation carbine only sold for $105,000, which Kolander said “seems like a steal.”

Rock Island specializes in selling fine and collectible arms as the no. 1 firearms-based auction house in the world.

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Rock Island has been at the “top of the industry” since 2003, Kolander said.

It continues to sell collectibles such as swords, military artifacts and western art.

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“There’s an opportunity [for bidders] in the firearms collectibles field,” he said. 

“They’re really undervalued.”

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At least 4 dead after helicopters collide on the Gold Coast near SeaWorld in Australia: report

At least four people are dead, and three others critically injured after two helicopters collided on Australia’s Gold Coast near a Sea World theme park Monday afternoon.

Police said the crash drew emergency aid from beachgoers who had been enjoying the water during the southern summer. Police official Gary Worrell said people on Jet Skis, family boaters and others rushed to help.

Queensland Police confirmed the crash via Twitter, but did not provide details.

“Seaworld Drive in Main Beach has been closed off due to a helicopter crash. Motorists and pedestrians are urged to avoid the area,” the agency said in its tweet.

MAN SURVIVES NEARLY 24 HOURS IN SHARK-INFESTED WATER BY CLINGING TO PIECE OF WOOD

This image made from a video shows sand bank with crashed helicopter on Gold Coast, Australia Monday, Jan. 2, 2023. Two helicopters collided Monday afternoon over the Australian beach.

This image made from a video shows sand bank with crashed helicopter on Gold Coast, Australia Monday, Jan. 2, 2023. Two helicopters collided Monday afternoon over the Australian beach.
(Australian Broadcasting Corp. via AP)

The Queensland Ambulance Service said 13 patients were being assessed, according to 9News Australia. 

Police confirmed to the outlet that one of the helicopters was able to land successfully after the aircraft “came into contact with each other.” 

Footage of the crash showed a helicopter shortly after takeoff being clipped by another helicopter flying over the water, according to the Associated Press.

Pictures and video from the scene show wreckage covering a sand island close to the coast. Numerous emergency personnel were seen on the sand island assisting with the incident.

AUSTRALIA OPPOSES UNESCO ADDING GREAT BARRIER REEF TO ENDANGERED LISTING

Queensland Premier Annastacia Palaszczuk called the accident an “unthinkable tragedy.”

The Australian Transport Safety Bureau was investigating the collision, chief commissioner Angus Mitchell said.

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The Gold Coast region is at its busiest in January, the peak time for holidays in Australia’s summer.

The Associated Press contributed to this report.

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