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The Latest Breaking News from Berkeley

Nancy Pelosi Is the Wrong Namesake for Berkeley's 'Institute for Representative Democracy'

If you want to devote an institute to "strengthening America's democratic institutions," you shouldn't name it for someone who degraded the public's trust in those institutions.

Reason

Why there are calls to cut stamp duty if Andy Burnham becomes prime minister

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The Independent UK

London is now a no-go zone for developers, warns capital's biggest housebuilder after shopping centre plan rejected

Berkeley Group warned London’s ‘housing crisis will deepen’ after its scheme for 867 flats on the site of the Aylesham Centre in Peckham was dismissed

Evening Standard

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Controversial plan to bulldoze south London shopping centre for almost 900 homes rejected

Berkeley Homes had applied to build 867 homes on the site of the Aylesham Centre in Peckham

Evening Standard

A place in the sun: London's finest al fresco spots

Toast the start of terrace season at the capital’s best outdoor dining spaces, from laidback waterside pubs to the bougiest rooftops

Evening Standard

A 19-year-old Thiel fellow just raised $7.3 million to build an African ‘super app’

Aubrey Niederhoffer dropped out of UC Berkeley and moved to Africa to launch a food delivery service.

Fortune

Why Fernando Mendoza Is Excited to ‘Hopefully’ Be Raiders Teammates With Kirk Cousins

Mendoza’s admired Cousins for years now, and he could possibly be teammates with him in a few days time.

Sports Illustrated

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Study: California’s $20 minimum wage barely raised prices—and proved economists wrong about job loss

“The results are nowhere as dire as predicted,” Berkeley’s Michael Reich told Fortune.

Fortune

Despite Apocalyptic Warnings, California Fast Food Wage Hike Didn’t Kill Jobs

UC Berkeley study finds employment held steady — and only pennies were added to menu prices.

Capital & Main

FTSE 100 soars as Middle East peace hopes grow

The US and Iran have both made some positive noises, prompting markets to rise.

Evening Standard

AI models don’t only show evidence of ‘self-preservation.’ They will scheme to prevent other AIs from being shut down too, new research shows

Leading AI models will inflate performance reviews and exfiltrate model weights to prevent “peer” AI models from being shut down.

Fortune

Housebuilder Berkeley to halt buying new land and hiring staff

Group cuts costs as shares plunge while it grapples with impact of Iran war on property market

The Guardian - UK

London housebuilder Berkeley halts buying land after "unprecedented" surge in costs and red tape

Shares in brownfield developer slump almost a fifth on bombshell announcement to investors

Evening Standard

Housebuilder Berkeley to pause buying new land for homes amid global volatility

The risk of global volatility slowing recovery in the housing market ‘has now become a reality’, Berkeley said.

Evening Standard

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The Times of India

Silicon Valley's Ethan Agarwal urges Trump to lift ban on Iranian students, gets called out as 'moron'

Silicon Valley entrepreneur Ethan Agarwal, who is running for Congress in California-17 as a challenger to Ro Khanna in Dem primary, urged President Donald Trump to reconsider his immigration ban on Iran as that would force thousands of Iranian students who will be graduating in May this year out of…

Evening Standard

FTSE 100 falls as Strait of Hormuz uncertainty continues

The FTSE 100 Index closed down 44 points at 10,261.15.

Evening Standard

Berkeley warns of Iran war weighing on housing market amid mortgage rates hikes

The emerging situation in the Middle East was ‘weighing heavily on risk sentiment’, Berkeley said.

Times Life

Why Sundar Pichai, Satya Nadella and Shantanu Narayen Built Their Careers Outside India

When Indians see familiar names leading companies like Google, Microsoft and Adobe, pride feels natural. These leaders were educated in Indian institutions, shaped by Indian classrooms and mentors. Yet their rise to the top happened thousands of miles away. To understand why, we must look not at emotion, but at…

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Fortune

In the workforce, AI is having the opposite effect it was supposed to, UC Berkeley researchers warn

Nonstop productivity may come at the cost of rest and work quality, the study found.

Space

This SETI program is chasing down its final 100 signals. Could one of them be from aliens?

SETI@home has been one of the largest citizen science projects ever, with millions of users around the world.

Tom’s Hardware

UC Berkeley Ph.D. candidate busted repeatedly sabotaging rival student's computer, causing $46,000 in damages — hidden camera sting catches perp causing "sparks to fly out of the laptop," student arrested on three felony counts

PhD student rivalry extends to repeated physical laptop damage, hidden camera shows.

Evening Standard

London housing market to strengthen as wages rise and rates fall, Berkeley says

The company, which specialises in building homes in London, said the long-term outlook is ‘more positive’ particularly in the UK capital.

Evening Standard

Berkeley boss urges 1% interest rate cut by March to kick-start stalled housebuilding

London’s biggest housebuilder says higher taxes, regulation and interest rates are holding back investment and development amid “very challenging” backdrop

Evening Standard

FTSE 100 Live 10 December: Berkeley boss urges faster rate cuts, FirstGroup lands rail contract

Interest rate cut speculation in the US is set to keep FTSE 100 traders on edge today.

The Independent UK

FTSE 100 ends flat as bank gains offset weak gold

Elsewhere, UK lenders passed the latest Bank of England stress tests.

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