2023 In The United States
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2023 In The United States
The following is a list of events of the year 2023 in the United States. The dominant political story of the year has been the 270-day long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the Freedom Caucus and McCarthy has been at the heart of an 2023 United States debt-ceiling crisis, averted debt-ceiling crisis and the annual 2024 United States federal budget, budget debate nearly devolving into a Government shutdowns in the United States, government shutdown, all culminating in the Removal of Kevin McCarthy as Speaker of the House, removal of McCarthy on October 3. The debate over abortion has further continued, with numerous laws being passed by state legislatures and court decisions issued at all levels over the issue with last year's overturning of ''Roe v. Wade'' and ''Planned Parenthood v. Casey'' with ''Dobbs v. Jackson Wo ...
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The Walt Disney Company
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, as an animation studio, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it later operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986. In 1928, Disney established itself as a leader in the animation industry with the short film ''Steamboat Willie.'' The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse, who became Disney's mascot and corporate icon. After becoming a success by the early 1940s, Disney diversified into live-action films, television, and theme parks in the 1950s. However, following Walt Disney's death in 1966, the company's profits, especially in the animation sector, ...
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Pioneer Natural Resources
Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil. As of December 31, 2022, the company had of proved reserves, of which 41% was petroleum, 23% was natural gas liquids, and 28% was natural gas. In 2022, the company produced per day, of which 58% was petroleum, 23% was natural gas liquids, and 19% was natural gas. History Pioneer Natural Resources was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc., owned by Thomas Boone Pickens. In May 2016, CEO and chairman Scott D. Sheffield was succeeded by Timothy Dove. Sheffield returned to the roles in 2019 after Dove's retirement. In January 2024, Richard P. Dealy was named as CEO. Divestitures and acquisitions Examples of acquisitions b ...
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ExxonMobil
Exxon Mobil Corporation ( ) is an American multinational List of oil exploration and production companies, oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the Successors of Standard Oil, largest direct successor of John D. Rockefeller's Standard Oil, the modern company was formed in 1999 following the merger of Exxon and Mobil. It is Vertical integration, vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the List of largest companies in the United States by revenue, seventh-largest company by revenue in the U.S. and List of largest companies by revenue, 13th-largest in the world. It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard ...
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2023 SAG-AFTRA Strike
From July 14 to November 9, 2023, the American actors' union SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) went on strike over a labor dispute with the Alliance of Motion Picture and Television Producers (AMPTP). It was the longest actors' strike against the film and TV studios in Hollywood history. Its duration overlapped significantly with the 2023 Writers Guild of America strike. Along with the 2023 Writers Guild of America strike (which ended on September 27, 2023), it was part of a series of broader Hollywood labor disputes. Both the 2023 SAG-AFTRA and WGA strikes contributed to the biggest interruption to the American film and television industries since the impact of the COVID-19 pandemic in 2020 just three years prior. In addition to standing in solidarity with the writers, the strike was led by changes in the industry caused by streaming and its effect on residuals, as well as other new technologies like AI and dig ...
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2023 Writers Guild Of America Strike
From May 2 to September 27, 2023, the Writers Guild of America (WGA)—representing 11,500 screenwriters—went on Strike action, strike over a labor dispute with the Alliance of Motion Picture and Television Producers (AMPTP). Lasting 148 days, the strike is tied with the 1960 Writers Guild of America strike, 1960 strike as the second-longest labor stoppage actioned by the WGA, only behind the 1988 Writers Guild of America strike, 1988 strike (153 days). Alongside the 2023 SAG-AFTRA strike, which lasted between July and November, it was part of a series of 2023 Hollywood labor disputes, broader Hollywood labor disputes. Both strikes contributed to the biggest interruption to the American film and television industries since the Impact of the COVID-19 pandemic on television in the United States, COVID-19 pandemic. The strike caused significant economic impact: some studios halted ongoing or future productions or reduced some staff, while certain production agreements were jeopard ...
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2023 Hollywood Labor Disputes
From May 2 to November 9, 2023, a series of long labor disputes within the Cinema of the United States, film and Television in the United States, television industries of the United States took place, mainly focused on the strikes of the 2023 Writers Guild of America strike, Writers Guild of America and 2023 SAG-AFTRA strike, SAG-AFTRA. It was the second time two Hollywood labor unions were striking simultaneously — the first having occurred 1960 Writers Guild of America strike, in 1960 – and as such, the American news media named this phenomenon the "Hollywood double strike", and surpassed the 1960 dual strike as well. By November 9, 2023, both the Writers Guild and SAG-AFTRA had reached tentative deals with the Alliance of Motion Picture and Television Producers and ended their strikes. In July, ''The New York Times'' predicted that with the actor's union joining, "viewers are likely to notice the effects of the dual walkouts more broadly within the next couple o ...
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Large Language Model
A large language model (LLM) is a language model trained with self-supervised machine learning on a vast amount of text, designed for natural language processing tasks, especially language generation. The largest and most capable LLMs are generative pretrained transformers (GPTs), which are largely used in generative chatbots such as ChatGPT or Gemini. LLMs can be fine-tuned for specific tasks or guided by prompt engineering. These models acquire predictive power regarding syntax, semantics, and ontologies inherent in human language corpora, but they also inherit inaccuracies and biases present in the data they are trained in. History Before the emergence of transformer-based models in 2017, some language models were considered large relative to the computational and data constraints of their time. In the early 1990s, IBM's statistical models pioneered word alignment techniques for machine translation, laying the groundwork for corpus-based language modeling. A sm ...
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Artificial Intelligence
Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of research in computer science that develops and studies methods and software that enable machines to machine perception, perceive their environment and use machine learning, learning and intelligence to take actions that maximize their chances of achieving defined goals. High-profile applications of AI include advanced web search engines (e.g., Google Search); recommendation systems (used by YouTube, Amazon (company), Amazon, and Netflix); virtual assistants (e.g., Google Assistant, Siri, and Amazon Alexa, Alexa); autonomous vehicles (e.g., Waymo); Generative artificial intelligence, generative and Computational creativity, creative tools (e.g., ChatGPT and AI art); and Superintelligence, superhuman play and analysis in strategy games (e.g., ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ...
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2021–2023 Inflation Surge
Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related Economic impact of the COVID-19 pandemic, economic dislocation, 2021–2023 global supply chain crisis, supply chain disruptions, the fiscal policy, fiscal and monetary stimulus (economics), stimulus provided List of COVID-19 pandemic legislation, in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and price gouging. Preexisting factors that may have contributed to the surge included housing shortages, climate impacts, and Government budget balance, government budget deficits have also been cited as factors. Recovery in demand from the COVID-19 recession had, by 2021, revealed significant 2021–2022 global supply chain crisis, supply shortages across many business and consumer economic sectors. ...
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First Republic Bank
First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California, United States. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. On May 1, 2023, as part of the 2023 United States banking crisis, the FDIC announced that First Republic had been closed and sold to JPMorgan Chase. History Foundation and first IPO First Republic was founded in February 1985 by Jim Herbert, previously the founder and CEO of San Francisco Bancorp, which he sold to Atlantic Financial. First Republic began operations on July 1, 1985, as a California-chartered industrial loan company. It became a public company via an initial public offering on the Nasdaq in August 1986, selling stock at $10 a share. In 1993, First Republic acquired Silver State Thrift, a savings and loan association in Nevada. In 1996, First Republic sought to shift to a banking c ...
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