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☆ How a climate tech founder is growing his advisory board, including Larry Summers
▼ + stars: | 2024-04-20 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

But meeting that lofty challenge is increasingly not just a function of Kemper's gained expertise in renewables and clean technology from stints at the UN and financing clean energy projects in developing countries before founding Palmetto, he told us recently. Building the proper sounding board is critical for any leader, especially as challenges and opportunities for business are emerging quicker than ever. For Kemper, his approach has been to build a network around him where "the world is kind of one degree away." Kemper said Summers' expertise will be crucial as the company looks to navigate the continually murky waters of economic policy moving forward. Decarbonization is not only vital for environmental sustainability but also for stabilizing global long-term economic growth," Summers said in a statement.

Persons: Chris Kemper, Kemper, Kemper's, You've, Neil Chatterjee, Nirav Tolia, Monica Williams, Larry Summers, Bill Clinton's, President Obama, Summers, Larry, there's Organizations: Palmetto, UN, U.S . Federal Energy Regulatory, Equity, National Economic Council, President, World Bank

But the rattling shook buildings in New York City and drove startled residents into the streets. Image The command room of New York City Emergency Management. Today’s earthquake Magnitude 4.8 Conn. Pa. 1964 4.5 1994 4.6 250-mile radius from New York City Md. 250-mile radius from New York City Del. While earthquakes in New York City are surprises to most, seismologists say the ground is not as stable as New Yorkers might believe.

Persons: “, Kathy Hochul, ” Gov, Philip D, Murphy, Con Edison, Eric Adams, ”, Adams, Zach Iscol, Dave Sanders, Ron Hamburger, Valorie Brennan, Ada Carrasco, The New York Times “ I’ve, Kristina Feeley, Feeley, Folarin, “ There’s, Kolawole, Lazaro Gamio, Riyad H, Mansour, Janti, Hamburger, Michael Kemper, Clara Dossetter, David Dossetter, Dossetter, ’ ”, Lola Fadulu, Gaya Gupta, Hurubie Meko, Michael Wilson, William J . Broad, Kenneth Chang, Emma Fitzsimmons, Sarah Maslin Nir, Erin Nolan, Mihir Zaveri, Maria Cramer, Grace Ashford, Camille Baker, Liset Cruz, Michael Paulson, Patrick McGeehan, Troy Closson Organizations: ”, United States Geological Survey, Police Department, Fire Department, Con, Gracie Mansion, The New York Times, Whitehouse, New York City Emergency Management, Credit, Lamont, Columbia University, Maine CANADA, New York City Del, Lincoln Center, New York Philharmonic, United Nations, Children U.S, Security, New York Police, United Airlines, Newark Liberty International Airport Locations: Newark, New Jersey, Manhattan, Philadelphia, Boston, New York City, New York, Rockland County, Murphy of New Jersey, Whitehouse, N.J, California, Japan, Zach Iscol , New York, New, Northridge, Los Angeles, Califon, Marble, Ramapo, New York , New Jersey, Pennsylvania, Palisades, N.Y, N.H, Pa, New York City Md, Del, Va, Maine, R.I, Md, Palestinian, Gaza, East Coast, “, York, San Francisco, Gaya

☆ Man Is Critically Wounded in a Shooting on a Subway Train in Brooklyn
▼ + stars: | 2024-03-14 | by ( Claire Fahy | ) www.nytimes.com time to read: 1 min

A man was in critical condition Thursday night after being shot in the head on a subway train as it arrived at the Hoyt-Schermerhorn station in Downtown Brooklyn during the Thursday evening rush hour, the authorities said. The shooting occurred after a 32-year-old man boarded a northbound A train at the Nostrand Avenue stop at about 4:45 p.m., Michael Kemper, the Police Department’s Chief of Transit, said at a news conferenceAs the train left the station, the man was confronted by a 36-year-old man who witnesses described as acting in an “aggressive and provocative” manner, Chief Kemper said. What started as a verbal confrontation quickly become a physical fight, the chief said, with the 36-year-old man displaying either a knife or razor blade at one point. Eventually, he pulled out a gun, Chief Kemper said.

Persons: Hoyt, Michael Kemper, Kemper Organizations: Nostrand, Police Locations: Downtown Brooklyn

☆ How an airplane toilet works at 40,000 feet: The extraordinary science behind everyday flying
▼ + stars: | 2024-03-09 | by ( Julia Buckley | ) edition.cnn.com time to read: +18 min

And most important of all, how does a toilet work at 40,000 feet? Matthias Balk/dpa/picture alliance/Getty ImagesUsing water to flush airplane toilets is a no go because of aircraft weight restrictions. When you press the flush button, a valve opens at the bottom of the toilet bowl, connecting it to a pipe below. Airplanes have never deliberately shot their toilet waste into the atmosphere, not even in the old days, says Jones. The onboard air circulation of today isn’t just about keeping healthy – it also controls how passengers feel, especially on longhaul flights.

Persons: Al St, Germain, who’s, James Kemper, Matthias Balk, biggie, ”, Nigel Jones, Jones, it’s, that’s, “, Martin Leissl, Nik Sennhauser, Jones –, bev, ” Kris Major, he’s, Don Buchman, – Buchman, Buchman, “ It’s, St Organizations: CNN, Delta, “, Kingston University, UK’s Royal Aeronautical Society, Airlines, JAL, Al Nippon Airways, Oman Air, Boeing, Airplanes, British Airways, Bloomberg, Getty, European Transport Workers ’ Federation Joint, Viasat, Netflix, Pilots, JetBlue, Germain . British Airways, US, American Airlines, Environmental Protection Agency, Airbus Locations: St, London, It’s, Japanese, Oman, Antarctica, London’s Heathrow, Europe, what’s, North America, New York City, Madrid, Rio de Janeiro, New York, Atlanta, Dallas, Chicago, Iberia, Southwest

☆ ‘The Killer’ Review: He’s a Deadly Bore
▼ + stars: | 2023-11-09 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +3 min

In Hobbesian terms, life in a Fincher film tends to be solitary and poor, nasty and brutish, if not necessarily short. That’s the case again in his most recent movie, “The Killer,” about a nameless hit man — played by Michael Fassbender — a chatty loner first seen waiting for a victim to show up. In time, the mark appears, the Killer shoots but misses, and spends the remainder of the story trying to clean up the mess. “The Killer” is based on a French comic book with the same title written by Alexis Nolent (who goes by Matz) and illustrated by Luc Jacamon. What makes him ostensibly interesting isn’t his job or body count; what’s intriguing, at least before your eyes finally glaze over, is that he’s dull.

Persons: David Fincher can’t, Fincher, ”, Edmund Kemper, “ Mindhunter ”, “, —, Michael Fassbender —, Alexis Nolent, Matz, Luc Jacamon, Christ Organizations: Netflix

ATLANTA (AP) — A former employee is suing to force a Mississippi utility to repay $382 million that the federal government gave to build a failed coal-fueled power plant. Kelli Williams, a former construction manager for Atlanta-based Southern Co., filed a whistleblower lawsuit against the company and its subsidiary Mississippi Power Co. in 2018. The Kemper County power plant was supposed to be a world leader in turning soft coal into a gas and burning it to generate power, while removing climate-warming carbon dioxide and other pollutants. The cost of the plant ballooned and Mississippi Power could never make it run reliably. For example, she alleged Mississippi Power erected piping without permanent fasteners, knowing the work would have to be redone again later at higher cost, an allegation first aired by The Guardian in 2018.

Persons: —, Kelli Williams, Williams, ”, Schuyler Baehman, It's, Brett Wingo, Cecil Brown, ” Williams, Haley Barbour, Barbour Organizations: ATLANTA, Atlanta, Southern Co, Mississippi Power Co, U.S . Department of Energy, Mississippi Public Service Commission, DOE, Kemper, Mississippi Power, Bills, Mississippi, U.S . Justice Department, U.S . Securities, Exchange Commission, Clarion, . Justice Department, Mississippi Gov, The Guardian Locations: Mississippi, Kemper County, Jackson, That’s

The unprovoked attack has unnerved a city deeply reliant on the subway as its lifeline. On Wednesday, the woman was on the platform of the Fifth Avenue-53rd Street station waiting for an E train. Mr. Jones approached and shoved her against a departing train, sending her onto the subway tracks after her head hit a car, Chief Kemper said. He saw Mr. Jones screaming and was quickly walking away when Mr. Jones came up from behind, he said. Mr. Jones punched him in the left side of his face and fractured his jaw before fleeing, the man said.

Persons: Jones, Kemper Organizations: Street, Queens

☆ Oceans absorb 90% of the heat from climate change — here's why record ocean temps are so harmful
▼ + stars: | 2023-08-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +22 min

"Over 90 percent of the excess energy on earth due to climate change is found in warmer oceans, some of it in surface oceans and some at depth." Put simply, the greenhouse gases serve to trap more heat, some of which is absorbed by the ocean," Kirtman told CNBC. In addition to the daily record on July 31, the monthly sea surface temperature for July was the hottest July on record, "by far," Copernicus said. CopernicusThese record sea surface temperatures arise from multiple factors, including the El Niño weather pattern, which is currently in effect. "These climate variations occur when sea surface temperature patterns of warming and cooling self-reinforce by changing patterns of winds and precipitation that deepen the sea surface temperature changes."

Persons: Baylor, Carlos E, Del Castillo, Castillo, Benjamin Kirtman, Kirtman, Copernicus, Gavin Schmidt, Kemper, Zeke Hausfather, Sarah Kapnick, Kapnick, Kempler, Hurricane Ian, Michael Lowry, Lowry, Rainer Froese, Daniel Pauly, Pauly, Vigfus, pollack, Sean Gallup, Lorenz Hauser, Hauser, Froese, Phanor Montoya, Javier, Carolyn Cole, Hans W, Paerl, Justin Sullivan, Christopher Gobler, Gobler, Gary Griggs, Kimberly McKenna, Angela Weiss, Griggs, it's, Judith Kildow, Kildow, It's Organizations: International, Baylor Fox, Kemper, Brown University, CNBC, Ecology Laboratory, NASA, University of Miami, NASA Goddard Institute for Space Studies, Fox, El, Oceanic Atmospheric Administration, heatwave, NOAA, Northern Hemisphere, Miami Herald, Tribune, Service, Getty, Helmholtz, Ocean Research, University of British Columbia's Institute, Fisheries, School of, Fishery Sciences, Restoration Foundation, Coral Restoration Foundation, Looe Key, Los Angeles Times, University of North, Chapel Hill's Institute of Marine Sciences, Berkeley Marina, San, Quality, Centers for Disease Control, Stony Brooke University's School of Marine, Atmospheric Sciences, University of California, Stockton University Coastal Research, Afp, Ocean Economics Locations: Florida, El, Pacific, Berkeley, Fort Myers, Hurricane, Germany, New York, Nova Scotia, Hofn, Hornafjordur, Iceland, Seattle, Alaska, Looe, University of North Carolina, San Francisco Bay, Berkeley , California, San Francisco, Europe, Santa Cruz, Atlantic City , New Jersey, Atlantic City, Antarctica, Greenland

“The submersible industry had significant concerns over the strategy of building a deep sea expedition submersible without following existing classification safety guidelines,” Mr. Kohnen said. OceanGate said in the post that because its Titan craft was so innovative, it could take years to get it certified by leading assessment agencies. “Bringing an outside entity up to speed on every innovation before it is put into real-world testing is anathema to rapid innovation,” the company wrote. The submersible sustained modest damage to its exterior, he wrote, leading OceanGate to cancel the mission so it could make repairs. Still, Mr. Concannon wrote in the filing, 28 individuals had been able to visit the Titanic wreckage on the craft in 2022.

Persons: —, Will Kohnen, Mr, Kohnen, Rush, OceanGate, Bart Kemper, ”, Kemper, Charles Kohnen, Will Kohnen’s, “, David Concannon, Concannon, Rebecca Beach Smith, Kitty Bennett Organizations: The New York Times, Stockton Rush, Manned, Vehicles, Marine Technology Society, Titan, Atlantis, Eastern, of, Court Locations: Canadian, U.S, of Virginia

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits
▼ + stars: | 2023-04-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

There's a problem with tax credits, though. A September report from Credit Suisse estimates approximately $500 billion of tax credits will be monetized over the next decade. "There are a few institutional players in the market that purchase tax credits at discount to market value in exchange for buying at volume. Sellers can list their tax credits on option, get bids on those credits, and compare offers. Tax credits have a wide base of support politically because a lot of very diverse stakeholders benefit from them.

☆ Ashton Kutcher – and 50,000 other people – are running the New York City marathon Sunday
▼ + stars: | 2022-11-05 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

CNN —If you’re running in the New York City Marathon Sunday, watch out – you might just be running alongside actor Ashton Kutcher. Kutcher, 44, is using the marathon as an opportunity to raise funds for Thorn, the organization he founded alongside Demi Moore in 2012 to combat child sex trafficking, according to his Instagram. Kutcher is part of a team of 100 marathon runners who have pledged to raise funds for Thorn, the website says. Kutcher, alongside around 50,000 runners, will trot through all five of New York City’s boroughs, starting on Staten Island and finishing in Central Park. Actress Ellie Kemper, “Bachelor” star Matt James and former New York Giants running back Tiki Barber have also reported on their social media that they’re participating in the race.

☆ Mobile bank N26's losses widen after ramping up spending on fraud controls
▼ + stars: | 2022-10-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In 2020, N26 generated 72.1 million euros in revenue. Of that sum, 28.2 million euros came from losses at N26's non-European Union operations, according to financials released by the company on Tuesday. N26 had trimmed its losses in 2020, to 150.7 million euros from 216.9 million euros. That contributed to a sizable increase in overall administrative costs, which grew 30% to 269.8 million euros. Personnel-related spending totaled 102.1 million euros, up 10.7% year-on-year, while general admin expenses shot up 47%, to 167.7 million euros.

FRANKFURT, Oct 11 (Reuters) - German online bank N26, which is being monitored by German financial regulators, on Tuesday reported a wider loss for 2021 and a slowing in customer growth, capping a year of setbacks for one of Europe's most valuable fintechs. The Berlin-based bank's 2021 loss increased to 172 million euros ($167.10 million), from a 151 million euro loss in 2020. It added one million new customers last year, down from the two million customers that were added in the previous year. N26, founded in 2013, was valued at more than $9 billion after it completed a $900 million fundraising round in 2021. Of its 8 million customers, 3.7 million are generating revenue, it said.

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