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US cites Abramovich’s jet in export controls breach

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US authorities have mentioned a non-public jet registered to billionaire Roman Abramovich is on a listing of plane focused for flying to Russia in breach of export controls.

It’s the first time Washington has publicly recognized an asset belonging to Abramovich, who has been positioned underneath sanctions by the UK and EU, however will not be named in US sanctions.

Abramovich, the proprietor of London soccer membership Chelsea, has been accused by the UK authorities of getting benefited from shut hyperlinks to Russian president Vladimir Putin and had his UK property frozen. He’s one in all a number of Russians hit with an asset freeze and journey ban.

The checklist of 100 plane which the US mentioned had been in violation of its Export Administration Laws consists of passenger and cargo jets run by Aeroflot, AirBridge Cargo, Aviastar-TU, Azur Air, Nordwind and Utair.

The US commerce division mentioned any providers similar to refuelling, servicing and upkeep provided to the named plane, which include US know-how, would additionally violate US export controls.

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“By stopping these plane from receiving any service, for instance together with from overseas, worldwide flights from Russia on these plane are successfully grounded,” the division mentioned in an announcement.

“We’re publishing this checklist to place the world on discover — we won’t enable Russian and Belarusian corporations and oligarchs to journey with impunity in violation of our legal guidelines,” mentioned Gina Raimondo, secretary of commerce.

Abramovich’s jet arrived in Moscow earlier this week, in line with flight monitoring web site FlightRadar24.

The commerce division’s transfer comes as Abramovich seeks to finish his possession of Chelsea FC, the Premier League staff that has made him some of the recognisable Russian oligarchs within the UK.

The primary bids had been acquired on Friday in an public sale being run by Raine Group, the US service provider financial institution.

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The public sale has attracted the curiosity of US asset supervisor Oaktree Capital in addition to billionaire buyers together with Todd Boehly, co-owner of the Los Angeles Dodgers baseball staff, and Josh Harris, the US billionaire and former prime govt at Apollo International Administration.

The sale requires UK authorities approval and has introduced renewed scrutiny of the overseas possession of English soccer golf equipment.

Whereas the staff is ready to play, the federal government has blocked it from promoting new tickets and merchandise.

Abramovich ceded day-to-day administration of Chelsea after Russia invaded Ukraine.

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Nevada Cross-Tabs: May 2024 Times/Siena Poll

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Nevada Cross-Tabs: May 2024 Times/Siena Poll

Methodology

How These Polls Were Conducted

Here are the key things to know about this set of polls from The New York Times, The Philadelphia Inquirer and Siena College:

• We spoke with 4,097 registered voters from April 28 to May 9, 2024.

• Our polls are conducted by telephone, using live interviewers, in both English and Spanish. Nearly 95 percent of respondents were contacted on a cellphone for this poll.

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• Voters are selected for the survey from a list of registered voters. The list contains information on the demographic characteristics of every registered voter, allowing us to make sure we reach the right number of voters of each party, race and region. For this set of polls, we placed nearly 500,000 calls to about 410,000 voters.

• To further ensure that the results reflect the entire voting population, not just those willing to take a poll, we give more weight to respondents from demographic groups underrepresented among survey respondents, like people without a college degree. You can see more information about the characteristics of our respondents and the weighted sample at the bottom of the page, under “Composition of the Sample.”

• When the states are joined together, the margin of sampling error among registered voters is plus or minus 1.8 percentage points. Each state poll has a margin of error ranging from plus or minus 3.6 points in Pennsylvania to plus or minus 4.6 points in Georgia. In theory, this means that the results should reflect the views of the overall population most of the time, though many other challenges create additional sources of error. When computing the difference between two values — such as a candidate’s lead in a race — the margin of error is twice as large.

If you want to read more about how and why we conduct our polls, you can see answers to frequently asked questions and submit your own questions here.

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Methodology

The New York Times/Philadelphia Inquirer/Siena College poll in Pennsylvania and the Times/Siena polls in Arizona, Georgia, Michigan and Nevada were conducted in English and Spanish on cellular and landline telephones from April 28 to May 9, 2024. In all, 4,097 registered voters were interviewed. When all states are joined together, the margin of sampling error is plus or minus 1.8 percentage points for all registered voters and plus or minus 1.9 percentage points for the likely electorate.

The margin of sampling error for each state poll is plus or minus 3.6 percentage points in Pennsylvania, plus or minus 4.2 points in Arizona, plus or minus 4.5 points in Michigan, Nevada and Wisconsin, and plus or minus 4.6 percentage points in Georgia.

The Pennsylvania poll was funded by a grant from the Lenfest Institute for Journalism. The poll, which was designed and conducted independently from the institute, includes a deep look at voters in the Philadelphia suburbs using a statistical technique called an oversample. The results are weighted so that in the end, the poll properly reflects the attributes of the entire state and is not biased toward those voters.

Sample

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The survey is a response-rate-adjusted stratified sample of registered voters on the L2 voter file. The sample was selected by The New York Times in multiple steps to account for the oversample of the Philadelphia suburbs, differential telephone coverage, nonresponse and significant variation in the productivity of telephone numbers by state.

The L2 voter file for each state was stratified by statehouse district, party, race, gender, marital status, household size, turnout history, age and homeownership. The proportion of registrants with a telephone number and the mean expected response rate, based on prior Times/Siena polls, were calculated for each stratum. The initial selection weight was equal to the reciprocal of a stratum’s mean telephone coverage and modeled response rate. For respondents with multiple telephone numbers on the L2 file, the number with the highest modeled response rate was selected.

Fielding

The samples for each state were stratified by party, race and region and fielded by the Siena College Research Institute, with additional field work by ReconMR, the Public Opinion Research Lab at the University of North Florida, the Institute for Policy and Opinion Research at Roanoke College, and the Center for Public Opinion and Policy Research at Winthrop University in South Carolina. Interviewers asked for the person named on the voter file and ended the interview if the intended respondent was not available. Overall, 94 percent of respondents were reached on a cellular telephone.

The instrument was translated into Spanish by ReconMR, and Spanish-speaking interviewers were assigned to the modeled Hispanic sample. Bilingual interviewers began the interview in English and were instructed to follow the lead of the respondent in determining whether to conduct the survey in English or Spanish. Monolingual Spanish-speaking respondents who were initially contacted by English-speaking interviewers were recontacted by Spanish-speaking interviewers. Overall, 19 percent of interviews among self-reported Hispanics were conducted in Spanish, including 21 percent in Nevada and 17 percent in Arizona.

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An interview was determined to be complete for the purposes of inclusion in the ballot test questions if the respondent did not drop out of the survey by the end of the two self-reported variables used in weighting — age and education — and answered at least one of the age, education, race or presidential election ballot test questions.

Weighting — registered voters

The survey was weighted by The Times using the R survey package in multiple steps.

First, the samples were adjusted for unequal probability of selection by stratum.

Second, the five state samples and the samples of the the Philadelphia suburbs and the rest of Pennsylvania were weighted separately to match voter-file-based parameters for the characteristics of registered voters by state.

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The following targets were used:

• Party (party registration if available, else classification based on a model of vote choice in prior Times/Siena polls) by modeled L2 race (except Wisconsin)

• Age by gender (self-reported age, or voter file age if the respondent refuses)

• Race or ethnicity (L2 model)

• Education (four categories of self-reported education, weighted to match NYT-based targets derived from Times/Siena polls, census data and the L2 voter file)

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• White/nonwhite by education (L2 model of race by self-reported education, weighted to match NYT-based targets derived from Times/Siena polls, census data and the L2 voter file)

• Marital status (L2 model)

• Homeownership (L2 model)

• State regions (NYT classifications by county or city)

• Turnout history (NYT classifications based on L2 data)

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• Vote method in the 2020 elections (NYT classifications based on L2 data)

• History of voting in the 2020 presidential primary (Pennsylvania and Wisconsin only, NYT classifications based on L2 data)

• Census block group density (Arizona only, based on American Community Survey five-year census block-group data)

• Census tract educational attainment

In Pennsylvania, the samples from the Philadelphia suburbs and the rest of the state were combined and adjusted to account for the oversample of the Philadelphia suburbs.

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Finally, the six state samples were balanced to each represent one-sixth of the sum of the weights.

The sample of respondents who completed all questions in the survey was weighted identically, as well as to the result for the general election horse race question (including leaners) on the full sample.

Weighting — likely electorate

The survey was weighted by The Times using the R survey package in multiple steps.

First, the samples were adjusted for unequal probability of selection by stratum.

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Second, the first-stage weight was adjusted to account for the probability that a registrant would vote in the 2024 election, based on a model of turnout in the 2020 election.

Third, the five state samples and the samples of the Philadelphia suburbs and the rest of Pennsylvania were weighted separately to match targets for the composition of the likely electorate. The targets for the composition of the likely electorate were derived by aggregating the individual-level turnout estimates described in the previous step for registrants on the L2 voter file. The categories used in weighting were the same as those previously mentioned for registered voters.

In Pennsylvania, the samples from the Philadelphia suburbs and the rest of the state were combined and adjusted to account for the oversample of the Philadelphia suburbs.

Fourth, the initial likely electorate weight was adjusted to incorporate self-reported vote intention. The final probability that a registrant would vote in the 2024 election was four-fifths based on their ex ante modeled turnout score and one-fifth based on their self-reported intention, based on prior Times/Siena polls, including a penalty to account for the tendency of survey respondents to turn out at higher rates than nonrespondents. The final likely electorate weight was equal to the modeled electorate rake weight, multiplied by the final turnout probability and divided by the ex ante modeled turnout probability.

Finally, the six state samples were balanced to each represent one-sixth of the sum of the weights.

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The sample of respondents who completed all questions in the survey was weighted identically, as well as to the result for the general election horse race question (including leaners) on the full sample.

The margin of error accounts for the survey’s design effect, a measure of the loss of statistical power due to survey design and weighting. The design effect for the full sample is 1.33 for registered voters and 1.5 for the likely electorate. The design effect for the sample of completed interviews is 1.38 for registered voters and 1.53 for the likely electorate.

Historically, The Times/Siena Poll’s error at the 95th percentile has been plus or minus 5.1 percentage points in surveys taken over the final three weeks before an election. Real-world error includes sources of error beyond sampling error, such as nonresponse bias, coverage error, late shifts among undecided voters and error in estimating the composition of the electorate.

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SoftBank posts $1.5bn quarterly profit as it shifts to AI investment

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SoftBank posts $1.5bn quarterly profit as it shifts to AI investment

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SoftBank has made a profit for the second quarter in a row as the Japanese conglomerate seeks to capitalise on UK chip designer Arm’s surging valuation and build a war chest for its push into artificial intelligence.

The group recorded a net profit of ¥231bn ($1.5bn) in the quarter to the end of March, beating analysts’ expectations of a ¥23.3bn profit, according to S&P Capital IQ.

However, the fourth-quarter results did not make up for a weak start to the year, with the group falling to a full-year net loss of ¥227.6bn. SoftBank last made an annual profit in the fiscal year ending March 2021, when the Covid-19 pandemic supercharged tech stocks.

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Despite the full-year loss, analysts and investors are increasingly confident that SoftBank founder Masayoshi Son will develop an aggressive AI strategy based around its UK subsidiary Arm, of which it owns 90 per cent.

“Arm is central to our AI shift . . . so Arm and the portfolio companies should create a new ecosystem going forward,” said Yoshimitsu Goto, SoftBank’s chief financial officer, on Monday. “That is our view and expectation.”

Goto added that “to keep changing is the biggest risk hedge our company can take”, underlining SoftBank’s intent to keep investing in AI.

Last year, Son, who has stepped back from presenting SoftBank’s earnings, said the company was ready to go on the “counteroffensive” after nearly three years of asset sales and hoarding cash.

The Japanese group has sold down billions of dollars in investments made by its Vision Funds — which made an investment loss of ¥57.5bn in the fourth quarter — building up a store of dry powder that it can deploy. The group had ¥6.2tn of cash on hand at the end of March.

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“The key takeaway is they are selling a lot more than they are investing. The expectation is they are building a war chest, probably for AI, but they are well positioned to start investing wherever they wish,” said Kirk Boodry, a SoftBank analyst at Astris Advisory in Tokyo.

Arm is central to Son’s plans, with SoftBank planning to reposition its strategy around the chip designer, which has been one of the biggest beneficiaries of an AI spending boom since it listed on Nasdaq in September.

“The share price is still driven by Arm,” said Boodry.

The Financial Times reported last year that Arm was developing its own chip to showcase the capabilities of its designs. On Sunday, the Nikkei newspaper reported that Arm and SoftBank might move beyond chip design into production. SoftBank’s Goto did not comment on the report.

“We have great coverage, and, and don’t feel like [moving beyond chip design is] something that’s necessary,” Arm’s chief financial officer Jason Childs told journalists during the results presentation in Tokyo.

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The group is doing some AI deals through SoftBank instead of the Vision Funds in order to avoid the need for an exit, said Goto.

SoftBank last week led an investment of more than $1bn in UK self-driving car start-up Wayve in its search for AI investments.

Although Vision Fund executives were responsible for assessing and valuing Wayve, the money for the deal came from SoftBank rather than its Vision Funds. The investment was signed off by Son, which executives said was due to the deal’s size and AI theme.

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University students stage walkout over Jerry Seinfeld speech

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University students stage walkout over Jerry Seinfeld speech

Dozens of students walked out on Jerry Seinfeld at Duke University on Sunday as he was about to deliver the commencement speech.

Videos, posted on social media, showed students leaving the stadium in North Carolina to protest Israel’s war in Gaza as Duke president Vincent Price introduced the comedian.

Some students could be heard booing as they waved Palestinian flags while others cheered: “Jerry! Jerry!”

Dozens of students walked out as Jerry Seinfeld delivered the commencement speech at Duke University on Sunday (AP)

Seinfeld has publicly supported Israel following the 7 October Hamas attack, and traveled to a kibbutz in December to meet with hostages’ families. He has been “uncharacteristically vocal” about his support during press calls for his new film, Unfrosted, The New York Times reported.

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The comedian, who was receiving an honorary degree from Duke, largely stayed away from the issue at the centre of the protests during his speech. At one point, he mentioned his Jewish heritage which was met with applause from the crowd.

“I grew up a Jewish boy from New York,” he said. “That is a privilege if you want to be a comedian.”

Outside Duke’s stadium on the Durham campus, Gaza-supporting students chanted: “Disclose, divest, we will not stop, we will not rest.”

Small pro-Palestinian protests popped up across the country this weekend as colleges and universities from North Carolina to California held commencement ceremonies.

At Duke’s rival school, the University of North Carolina Chapel Hill, pro-Gaza demonstrators splattered red paint on the steps of a building hours ahead of the school’s commencement ceremony and chanted on campus while students wearing light blue graduation gowns posed for photos, the News & Observer reported.

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An estimated 100 students and family members left Virginia Commonwealth University’s ceremony during Republican Governor Glenn Youngkin’s speech in a show of support for Palestinians, while others held signs signaling opposition to his policies on education, according to WRIC-TV.

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Gov Youngkin, who received an honorary doctorate at commencement, did not appear to address the students who left the event.

“The world needs your music,” he said, during his speech. “You, all of you, will be the symphony. Make it a masterpiece.”

Virginia Commonwealth University students walk out of graduation as Republican governor speaks on Saturday (National Students for Justice in Palestine)

At the University of Wisconsin-Madison, a small group of demonstrators staged what appeared to be a silent protest during commencement at Camp Randall Stadium. A photo, posted by the Wisconsin State Journal, showed about six people walking through the rear of the stadium, with two carrying a Palestinian flag.

Marc Lovicott, a spokesperson for campus police, said the group, believed to be students because they were wearing caps and gowns, “was kind of guided out but they left on their own.” No arrests were made.

The demonstration came after pro-Palestinian protesters on that campus agreed on Friday to permanently dismantle their two-week-old encampment and not disrupt graduation ceremonies in return for the opportunity to connect with “decision-makers” who control university investments by 1 July. The university agreed to increase support for scholars and students affected by wars in Gaza and Ukraine.

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At the University of Texas, Austin, a student held up a Palestinian flag during a commencement ceremony and refused to leave the stage briefly before being escorted off by security.

UC Berkeley Law School graduates wear T-shirts that read ‘UC DIVEST’ as a form of protest during the UC Berkeley Law School commencement at the Greek Theater in Berkeley on Friday (ONLINE_YES)

And at the University of California, Berkeley, a small group of pro-Palestinian demonstrators began waving flags and chanting during commencement and were escorted to the back of the stadium, where they were joined by others, according to the San Francisco Chronicle. There were no major counterprotests, but some attendees voiced frustration.

“I feel like they’re ruining it for those of us who paid for tickets and came to show our pride for our graduates,” said Annie Ramos, whose daughter is a student. “There’s a time and a place, and this is not it.”

Saturday’s events were less dramatic than what happened on other campuses on Friday when police made dozens of arrests as pro-Gaza protest encampments were dismantled at the University of Pennsylvania and the Massachusetts Institute of Technology. Those actions came hours after police tear-gassed demonstrators and took down a similar camp at the University of Arizona.

The Associated Press has recorded at least 75 instances since April 18 in which arrests were made at US campus protests. Nearly 2,900 people have been arrested at 57 colleges and universities.

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The Associated Press contributed to this report

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