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☆ Rising temperatures and floods leave cities with hefty bills. Startups are working to help them adapt to climate risks.
▼ + stars: | 2024-03-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.

Persons: —, James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S

[1/7] An abandoned vehicle sits in floodwaters during a heavy rain storm in the New York City suburb of Mamaroneck in Westchester County, New York, U.S., September 29, 2023. The extreme rainfall prompted New York Governor Kathy to declare a state of emergency for New York City, Long Island, and the Hudson Valley. Systems producing intense rainfalls have become more commonplace in many parts of the United States, including the New York City area, in recent years. That storm soaked New York City and caused widespread power outages in North Carolina, Virginia, Pennsylvania and New Jersey. In New York, intermittent rain this week further saturated the ground, setting up conditions conducive to flash flooding.

Persons: Mike Segar, John F, Zack Taylor, Taylor, Kathy, Carlos Ogando, Ophelia, Jonathan Allen, Brendan O'Brien, Rich McKay, Frank McGurty, Jonathan Oatis Organizations: New, REUTERS, Kennedy International Airport, National Weather Service, Center, Metro North, Metropolitan Transportation Agency, Systems, Thomson Locations: New York City, Mamaroneck, Westchester County , New York, U.S, Brooklyn, Manhattan, Queens, College Park , Maryland, Long, Hudson, United States, New York, East, Bronxville, New York's Westchester County, Hoboken, New Jersey, North Carolina , Virginia, Pennsylvania, In New York, Chicago, Atlanta

Mandatory Credit: Joe Camporeale-USA TODAY Sports/File PhotoJune 16 (Reuters) - A U.S. judge rejected World Wrestling Entertainment's (WWE.N) effort to dismiss a smaller rival's antitrust lawsuit that accused it of monopolizing the market for professional wrestling media rights. In a decision on Thursday, U.S. District Judge Edward Davila in San Jose, California, said MLW Media had presented enough "circumstantial" evidence that WWE uses its dominance to keep rivals from accessing various distributors and arenas. MLW said Stamford, Connecticut-based WWE commands about 92% of revenue from U.S. media rights for pro wrestling, versus 6% for All Elite Wrestling and less than 2% for everyone else. MLW sufficiently alleged that WWE's activities "had a substantial effect in foreclosing competitors from the professional wrestling media rights market," Davila wrote. The case is MLW Media LLC v World Wrestling Entertainment Inc, U.S. District Court, Northern District of California, No.

Persons: Cody Rhodes, Joe Camporeale, Edward Davila, MLW, Davila, Marc Kasowitz, Jonathan Stempel Organizations: Wrestling, District, MLW Media, WWE, Elite Wrestling, Fox, Amazon.com, CBS, Disney, Netflix, Warner Bros Discovery, Wrestling Entertainment Inc, Court, Northern District of, Thomson Locations: Inglewood , CA, USA, SoFi, U.S, San Jose , California, Stamford , Connecticut, , New York, Northern District, Northern District of California, New York

☆ Venus Williams joins private equity firm Topspin Consumer Partners
▼ + stars: | 2023-03-01 | by ( Abigail Summerville | ) www.reuters.com time to read: +2 min

NEW YORK, March 1 (Reuters) - Venus Williams has joined private equity firm Topspin Consumer Partners as an operating partner, the latest endeavor in the world of business by a top tennis champion who has emerged as a prolific entrepreneur. Williams will work with companies owned by Topspin on their marketing strategies and investment opportunities, the firm said in a statement on Wednesday. Her sister, Serena, 41, who is also a tennis champion, has withdrawn from the game but has said it's possible she could return. Founded in 2000, Topspin is a U.S. private equity firm that invests in consumer businesses with revenue below $100 million. Venus Williams joins in the footsteps of other sports stars who have entered the world of private equity.

☆ Project Veritas founder James O'Keefe says he was accused of taking too many black cars, stealing 'a pregnant woman's sandwich' before his ouster as CEO of the right-wing org
▼ + stars: | 2023-02-21 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

James O'Keefe, founder of right-wing organization Project Veritas, has been removed as CEO. On Monday, O'Keefe spoke for 45 minutes, describing a 7-hour board meeting prior to his ouster. Project Veritas is a far-right group that publishes selectively edited video clips of public and corporate officials, liberal groups, and the press. In September, a jury found Project Veritas liable for fraudulently misrepresenting itself and violating federal wiretap laws. He ended his remarks with an insistence that he plans to continue the work he was doing at Project Veritas under a new name.

☆ These are the best 10 metro areas for first-time home buyers — and how to make it more affordable no matter where you’re buying
▼ + stars: | 2022-12-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate site found the "best opportunity" for first-time buyers in metros areas with more affordable rent, less competition and a higher inventory of homes for sale. Mortgage interest rates have more than doubled from early January after a series of hikes from the Federal Reserve to curb inflation in 2022. Still, some markets may be more affordable for buyers on a budget, Zillow's report shows.

REUTERS/Yuri Gripas/File Photo/File PhotoCompanies Democracy Investments Llc FollowSept 23 (Reuters) - A federal jury has found Project Veritas, a conservative group often accused of using deceptive tactics, liable for violating wiretapping laws and misrepresenting itself in an undercover effort to target Democratic political consultants. Project Veritas said it did nothing wrong and will appeal. Media including the New York Times, which Project Veritas is suing for defamation, and Politico earlier reported the verdict. The case is Democracy Partners LLC et al v Project Veritas Action Fund et al, U.S. District Court, District of Columbia, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

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