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Inter Milan Seized by US Investment Firm Oaktree Capital: The New Face of European Football Ownership, Italy

Ishan Joshi
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Inter Milan Seized by US Investment Firm Oaktree Capital: The New Face of European Football Ownership, Italy

Internazionale Milano (Inter Milan) were crowned champions of this year’s Serie A, the top flight of Italian football, on April 22. A month later, they were back in the news having been taken over by US investment firm Oaktree Capital Management. This year’s Serie A title was claimed by Inter Milan, an Italian football powerhouse, on April 22nd, and a month later, the club made headlines again as it was acquired by US investment firm Oaktree Capital Management. This acquisition is part of a broader trend of American investors taking a keen interest in European football. With Inter Milan becoming the seventh Serie A club under American ownership and US investors controlling nine out of the English Premier League’s 20 clubs, the influx of American capital into European football is undeniable.

One of the main drivers behind this trend is the financial potential that European football offers. Recent investments have included the acquisitions of Chelsea, Atletico Madrid, AC Milan, and Wrexham. The increasing value of top football clubs has attracted American investors who see the opportunity to purchase, hold, and eventually sell these clubs for a profit. The sale of Chelsea, for example, underscores the significant capital growth experienced by European football clubs over the years. What attracts many American investors to European football is the potential to optimize efficiency and cut costs, drawing from their experience in other sports investments.

While there are success stories in the realm of European football investments, cautionary tales also exist. Manchester United, Liverpool, Arsenal, and Tottenham Hotspur all faced financial losses in the 2022-2023 season, emphasizing the challenging financial landscape of European football. However, with careful management and cost control, there is potential for profitability in the industry.

Moreover, the commercialization of European football can sometimes clash with the views of fans, who hold significant power in the European sports landscape compared to the US. Finding a balance between commercial opportunities and maintaining fan loyalty is crucial for the long-term success of European clubs. As American investors explore opportunities in European football, they must navigate these cultural differences and understand the importance of fan engagement.

Despite challenges and risks, the allure of European football as an investment opportunity remains strong. With the potential for capital growth, unique commercial avenues, and the resilience of the industry, American investors continue to be drawn to European clubs. As the landscape of European football evolves, the impact of American investment will undoubtedly shape the future of the sport on a global scale.

Chinese Defector Urges Colleagues to Prepare Exit Strategy from CCP – Canberra, Australia

Riya Patel
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Chinese Defector Urges Colleagues to Prepare Exit Strategy from CCP – Canberra, Australia

A Chinese defector has urged his former colleagues to begin preparing an exit strategy for when the Chinese Communist Party (CCP) falls.

Known by the pseudonym Eric, the former Beijing spy said some Chinese operatives may be interested in defecting after becoming disenchanted with Beijing.

But they could be concerned about any legal ramifications.

If they have been undercover for a while, they might have already violated some Australian laws, Eric told The Epoch Times on June 4.

Meta Engineer Accuses Company of Bias in Handling Gaza Content, Palestinian Territory

Neha Sharma
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A former Meta engineer filed a lawsuit against the company, alleging discrimination and wrongful termination over his handling of Gaza content. Mr Ferras Hamad claimed he was fired for advocating to fix bugs that suppressed Palestinian Instagram posts. The lawsuit accuses Meta of bias against Palestinians, citing instances of deleting internal communications mentioning Gaza deaths and scrutinizing the use of the Palestinian flag emoji. Meta faced criticism over content moderation during the Israel-Palestine conflict, with nearly 200 employees expressing concerns earlier in 2024. The engineer’s dismissal reportedly stemmed from his involvement in addressing severe platform issues related to Palestinian content restrictions, including misclassifying a post by a Palestinian photojournalist as pornographic. Meta has not responded to the allegations as of now.

Former OpenAI Engineer Reveals Concerns Over AI Development & Company Practices

Tanvi Shah
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A former engineer at ChatGPT-parent OpenAI, Daniel Kokotajlo, has now revealed why he stepped down. He also expressed a lack of faith in the company’s approach to artificial general intelligence and raised concerns over the silencing of researchers.

On Tuesday, Kokotajlo took to X, formerly Twitter, and in a thread of 15 posts, expressed his dissatisfaction with the Sam Altman-led company.

In April, I resigned from OpenAI after losing confidence that the company would behave responsibly in its attempt to build artificial general intelligence — ‘AI systems that are generally smarter than humans,’ he said.

Kokotajlo said he joined OpenAI with the expectation that the organization would significantly increase its investment in safety research as its systems advanced. However, OpenAI never made this shift. People started resigning when they realized this. I was not the first or last to do so.

He went on to say that OpenAI asked him to sign a nondisparagement clause upon his departure, which would have barred him from criticizing the company. It was clear from the paperwork and my communications with OpenAI that I would lose my vested equity in 60 days if I refused to sign.

But, he declined to sign. Kokotajlo then raised concerns about the lack of oversight over the technology developed by labs like OpenAI. He stated, Silencing researchers and making them afraid of retaliation is dangerous when we are currently some of the only people in a position to warn the public.

He also applauded OpenAI’s decision to change these policies. Kokotajlo concluded his statement by advocating for greater transparency from AI labs and urged his former colleagues to continue pushing for transparency from within the company.

Kokotajlo’s resignation comes amidst a series of departures from OpenAI including Ilya Sutskever and Jan Leike, leaders of the superalignment team AI safety team.

Sutskever was originally hired by Elon Musk when the company was founded in 2015. He played a crucial role in removing Altman as CEO in November last year. However, following Altman’s reinstatement, Sutskever announced that he would not return to his previous role as a board member.

Meanwhile, in May it was reported that several OpenAI employees raised concerns after a new report revealed that some former staffers were required to sign non-disparagement agreements linked to their company shares.

OpenAI later reversed its stance and said, Regardless of whether you executed the agreement, we write to notify you that OpenAI has not canceled, and will not cancel any vested units. This adjustment also pertains to current employees.

DIY Egg Face Mask: Firm Sagging Skin with Natural Ingredients

Rohan Desai
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Instructions:

1. Crack an egg and separate the egg white into a small bowl.
2. Add lemon juice and honey to the egg white.
3. Apply a thin, even layer of the mixture to your face, avoiding sensitive areas.
4. Rinse off with lukewarm water.
5. Moisturize your skin afterwards.
6. Use once or twice a week for best results.

Denver Sidewalk Repair Fee Collections Delayed Again Until Next Year, US

Michael Wilson
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Denver property owners would not see their first bills for the city’s voter-approved sidewalk repair, replacement, and construction program until next year under a second proposed delay of that initiative.

Continuing implementation challenges, along with legal questions about the city’s latest proposed approach to fees, were blamed Tuesday for pushing the effective date back again, until after Jan. 1.

The new proposal to delay sidewalk fee collections by at least six months sailed through the City Council’s Land Use, Transportation, and Infrastructure Committee during an afternoon meeting. Assuming that change wins approval from the full council later this month, Denverites will have waited more than two years after passing the city-led sidewalk program before the dedicated fund that’s needed to fuel that work begins filling up.

City officials estimate that 40% of Denver’s sidewalk network either is in disrepair, is too narrow — keeping people in wheelchairs or pushing strollers from using them comfortably — or hasn’t been built out.

Councilman Paul Kashmann sits on the stakeholder committee that has worked since August to adjust the sidewalk program and its fee structure before quarterly bills start hitting residents’ mailboxes and online accounts.

That group largely has concluded its work, he told fellow council members Tuesday, but the proposed changes will take time to be finalized.

The Department of Transportation and Infrastructure, Kashmann said, needs additional time to get the billing system together, up and running … and begin to do additional work on what the layout and what the rollout of the program will actually look like.

When voters passed the Denver Deserves Sidewalks initiative in late 2022, the ballot language called for billing to begin in January of this year. But last fall, the council voted to delay those collections at least until July 1.

In February, the city sought community feedback on a proposal to do away with the original framework of fees that vary widely based on how much sidewalk runs alongside a home’s street frontage, including two sides on corner lots. The city would switch from that linear fee approach to a flat fee of $148.64 per year for homeowners.

But Jill Locantore, the executive director of the Denver Streets Partnership, said the stakeholder committee heard about a new problem from the city attorney’s office. She led the campaign for the sidewalk fee program and now serves on that committee.

City lawyers’ advice was to create a similar flat fee for commercial property owners, she said — or else the city risked opening itself up to legal liability, including potential violations of Colorado’s Taxpayer’s Bill of Rights, or TABOR.

This is new for many of us and an unprecedented program for the city, so it just takes time to work through all the details and make sure we are setting the program up for success, Locantore said. The reality is just logistically (that) there is no way the city could start collecting fees on July 1.

Beyond the start of the billing cycle, amendments to the ordinance — such as changes to the fee structure — will take council hearings and votes to enact.

For some council members, the wait is growing tiresome.

Councilman Chris Hinds, whose downtown-centric District 10 is among the most pedestrian-friendly parts of the city, said he was routinely hearing from residents who reported damaged sidewalks through the city’s 311 customer service platform. They received a case closed notification, he said, even when the city was not fixing those sidewalks.

Nick Williams, a deputy manager with the city’s Department of Transportation and Infrastructure, said 311 data about damaged sidewalks is important for informing the city’s long-term plans. He told council members he would talk to city technology staff about potentially adjusting 311 response language to reflect the status of the sidewalk program.

Teen Takes Down Suspected Car Thief with Jiu Jitsu Skills in Indianapolis, US

Sophia Anderson
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Teen Takes Down Suspected Car Thief with Jiu Jitsu Skills in Indianapolis, US

INDIANAPOLIS (WISH-TV) — On Monday, a teen used his Jiu Jitsu skills to take down a man he suspected of being a car thief.

Video shows Gavin Archer taking down, punching, and choking out a man who appeared to attack him.

The man who got beaten up by Archer, Andrew Wilkerson, refutes his claims and tells I-Team 8 he was just doing his job as a mechanic for the muffler shop next door.

Archer tells I-Team 8 he was alone in the martial art gym punching a heavy bag when he saw Wilkerson rummaging around in his car.

Security camera video from inside the gym shows Archer walk up to the front door. Archer says he confronted Wilkerson about what they were doing.

I was kind of getting a little nervous, and he just straight up attacked me. It all happened so fast you don’t really have time to think, Archer said.

Wilkerson admits to I-Team 8 that he was trying to use keys to get into the car in front of the shop because it fit the description of the car next on the list to be worked on.

I tried that for a couple minutes, and you can see in the video where I begin to walk away back toward my shop, Wilkerson said.

That’s when Archer came to the door to confront him.

Wilkerson said, He’s saying things like, ‘Don’t go anywhere. I’m calling the cops.’ I’ve worked there for a few months. I know what the gym does. I know this guy’s a trained fighter, so when he says, ‘Don’t go anywhere,’ like the last thing I want to do now is turn around and not be able to see this guy. Finally, I took a stand, raised my voice a little bit and took a step like, ‘Hey, listen to me.’ He took a step back and pushed the gym door open the rest of the way, which in that situation looked like he was coming toward me next, so I just reacted and went after him.

Wilkerson claims Archer is the one who escalated the situation.

Archer claims that goes against his martial arts training. Deescalating the situation is No. 1. Best martial art is running away, but, if you can’t, you just need to have something else.

The muffler shop next to the gym tell I-Team 8 that, as of Tuesday, Wilkerson no longer works there.

Indianapolis Metropolitan Police Department tells I-Team 8 they created a police report for the incident, but did not arrest anyone.

Biden in France for D-Day, Gaza Clashes, Trump Gag Order, Sheinbaum’s Win: Global News Update

Riya Patel
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President Joe Biden is set to visit France to commemorate the 80th anniversary of D-Day, underscoring his commitment to U.S. allies in Europe. The visit will include D-Day celebrations in Normandy and a state visit with French President Macron. In other news, Israeli shelling and airstrikes in Gaza have resulted in the deaths of at least 19 people, with tensions mounting as efforts for a ceasefire continue. The United States and its G7 partners are progressing towards providing more funds to Ukraine by leveraging profits from frozen Russian assets. Meanwhile, Donald Trump is seeking to lift a gag order following his conviction in a hush money case. The political landscape in Mexico sees Claudia Sheinbaum’s victory, marking a significant moment in the country’s leadership. Additionally, key events in Poland, India, and the U.K. are shaping the global political landscape.

These developments underline the current political climate and highlight the global impact of key events around the world. Stay tuned for more updates on these and other significant developments.

Australia Commits AUD$20m for Climate Finance in PNG, Partnership Program Launched

Noah Williams
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Australia Commits AUD$20m for Climate Finance in PNG, Partnership Program Launched

– Securing USD$400 million in climate finance from international and domestic sources by 2028.
– Supporting a Climate Finance Steering Committee (CFSC) to endorse a pipeline of investments, in line with PNG’s NDCs and NAP.
– Scaling up climate resilient and green growth in seven provinces (Eastern Highlands, Enga, Manus, Milne Bay, Morobe, New Ireland, Simbu).
– Increasing private sector participation in PNG’s climate finance ecosystem and develop new finance mechanisms.
– Ensuring women, persons with disabilities, and vulnerable groups participate in and benefit from climate finance proposals.

Exciting Lineup: Pride Month 2024 Programs and Events Across Various Networks

Arjun Patel
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Exciting Lineup: Pride Month 2024 Programs and Events Across Various Networks

June is Pride Month and many LGBTQ+ events are airing and streaming live. Many networks and streaming services are putting on LGBTQ+ programming to celebrate the community. Here is Rotten Tomatoes’ guide to Pride Month 2024 programming:

AMC+ Stream with Pride offers a selection that includes This Is Going to Hurt, Dispatches From Elsewhere, Orphan Black, and Killing Eve.
Criterion Channel LGBTQ+ Favorites include Paris is Burning, Desert Hearts, and I’ve Heard the Mermaids Singing.
Disney+ Pride Collection features Elton John Live, Love, Victor, Glee, and more.
Hulu Pride Never Stops showcases Under the Bridge, Prom Dates, and the 35th GLAAD Media Awards.
Max Human By Orientation presents Hacks, Euphoria, The Last of Us, and Degrassi: The Next Generation.
Netflix Celebrate Pride Month includes Heartstopper, Dead Boy Detectives, Nyad, and Rustin.
Out TV offers Absolutely Fabulous, Drag Queen of the Year, and Besties.
Paramount+ A Mountain of Pride includes RuPaul’s Drag Race, The Inspection, and Broad City.
Peacock Pride 2024 consists of The Adventures of Priscilla, Queen of the Desert, Jennifer’s Body, Philadelphia, and more.
PBS Pride Month features Stonewall Uprising, When I’m Her, and History of the Word ‘Gay’.
ABC News Live highlights LGBTQ+ changemakers with various programs celebrating the community.

Additional Pride Month events and specials include Lady Gaga’s Chromatica Ball viewing party and the iHeart Radio & P&G Can’t Cancel Pride Special Livestream.

Pride Month is a time to celebrate and amplify LGBTQ+ voices across various platforms. Join in on the festivities and enjoy these diverse and inclusive shows and movies throughout the month.

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