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“It’s heartbreaking.”The picture is a little different in Porto Alegre, the state capital of Rio Grande do Sul. Maxar Technologies Satellite images of the cities of Porto Alegre and Canoas before and after the floods. Maxar Technologies Satellite images of the cities of Porto Alegre and Canoas before and after the floods. “Floods, not with this volume but with considerable volumes of water, have taken place in Porto Alegre in the last few years,” Cortês explains. One volunteer was Fabiano Saldanha, a 48-year-old businessman from Porto Alegre, who used his jet ski to rescue people trapped in their homes.
Persons: Karine Pitana, there’s, , she’s, , Pitana Flores da Silva, Karine Pitana Flores da Silva, She’s, we’re, Pitana, , Renan Mattos, That’s, Luiz Inácio Lula da Silva, Jairo Jorge da Silva, “ We’ve, Pedro Cortês, University of São Paulo, Cortês, Nelson Almeida, ” Cortês, Rio Grande do Sul wasn’t, Fabiano Saldanha, ” Saldanha, Saldanha, Carlos Macedo, , ’ ”, ” Pitana, CNN “, Lula, ” CNN’s Mary Gilbert Organizations: CNN, Bank, Rio Grande do Sul Public Safety, Police, Reuters, , Globo, Environmental, University of São, CNN Brasil, Authorities, AFP, Getty, Research, Porto Alegre, Civil Defense, IMF, World Bank Locations: Canoas, Brazil, Porto Alegre, Rio Grande do Sul, Porto Alegre’s, Suriname, Northern Porto Alegre, Chicago, Dallas,
CNN: Do you think that Israel can defeat Hamas without conducting a ground invasion in Rafah? The fact is that Rafah’s where the hostages and remaining Hamas military power and leadership are believed to be, their rockets and weapons production and other capabilities, everything. CNN: Couldn’t Israel’s offensive still have the effect of creating more militants who are going to join Hamas and fight against Israel? But it’s also a very winnable war for Hamas at this point because wars are not determined just by military capability. The problem is that the international community pushed Israel into this framework of going slower, going methodically, evacuating every area beforehand.
Persons: CNN —, John Spencer, Spencer, John Spencer Spencer, He’s, ” Spencer, JACK GUEZ, they’ve, we’re, there’s, Couldn’t, David Petraeus, Petraeus, who’s, it’s, You’ve, Dawoud Abo, Israel, I’ve, Israel doesn’t, that’s, — we’re, they’re, would’ve Organizations: CNN, Israel Defense Forces, Hamas, Modern, Institute, IDF, United Nations Relief, Works Agency for Palestine Refugees, Getty, Israel, Nazi, Spencer, Shiva, Dawoud Abo Alkas, ISIS, UN, Gaza, Twitter, Facebook Locations: Israel, Gaza, Iraq, West, Rafah, Spencer, Israeli, Hamas, Gaza City, AFP, Iran, Palestine, Northern Gaza, Afghanistan, United States, Egypt, Sinai, Anadolu, Qaida, Mosul, Panama, Tokyo
Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Nonetheless, Citi remains confident in "the bull case for defense." Defense companies historically trade at a premium to the rest of the market when defense budgets grow, Gursky said. Here are some of Citi's favorite defense picks, all of which have a buy rating from the bank. Citi's $525 price target implies almost 12% upside from Friday's close.
Persons: Jason Gursky, Gursky, Leidos, Lockheed Martin Organizations: Citi, P Aerospace, Defense, Citigroup, Leidos Holdings, Lockheed, SAIC, International Corps Locations: Friday's
In short, Trump’s New York congestion comment was classic dead cat. In the same Truth Social message, the former president mused about the impact of congestion pricing elsewhere in the world. After all, congestion pricing has been introduced in a number of cities, from Singapore to Stockholm, over the past 25-odd years. I live about four miles from the edge of the congestion zone, and it’s never once been a problem to circumvent. By most metrics, London’s congestion pricing experiment has been a resounding success.
Persons: Rosa Prince, Read, Donald Trump, , Rosa Prince Rosa Prince Here, Stormy Daniels, mused, It’s, , I’m, it’s, Akmen, they’re, Boris Johnson, there’s, Sadiq Khan, Ella Roberta Adoo, Khan, Mayor Khan, he’s Organizations: Politico UK, London CNN — Former, New, Big Apple, Getty, Conservative, Transport, London, Labour Party, Trump, TfL, CNN, Twitter, New Yorker Locations: New York City, New York, Singapore, Stockholm, London, AFP, It’s, Manhattan, London —, England, New
The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. "Ultra-large container vessels have challenged every port," said Stephen Edwards, CEO of the Port of Virginia. Edwards said the port was able to quickly absorb Baltimore freight because of the ocean carrier service overlap in calling on the Port of Virginia, Baltimore and Port of New York/New Jersey. In January, the port became the first East Coast port to power all its terminals with 100% clean energy, eight years ahead of the 2032 target it set for that goal. The expansion will increase the fleet at NIT to 152 electric stacking cranes, seven electric rail cranes, and 31 electric ship-to-shore cranes.
Persons: Lori Ann LaRocco, Stephen Edwards, " Edwards, Edwards, It's, Good Hope, D'Andrae Larry, Larry, Jones, monopiles, Monopiles Organizations: NIT, CNBC, U.S ., Commonwealth, Walmart, Maersk, Port, Baltimore, Rail, Norfolk International, Uber, Virginia Department of Transportation, Dominion Energy, Rappahannock Electric Cooperative, ClearView Energy Partners, of Ocean Energy, U.S, District of Columbia, Dominion Locations: Port of Virginia, Port, Virginia, U.S . East Coast, Norfolk, Coast, of Virginia, East Coast, U.S, Delaware, South, Southeast Asia, Northeast Asia, India, Red, Suez, Good, Baltimore, Port of Baltimore, Port of New York, New Jersey, of Virginia's, Commonwealth, Norfolk , Virginia, East, Virginia Beach
The European Union is seeking information from social media platform X about cuts to its content moderation resources as part of its first major investigation into the company under its tough new laws governing online content. X reduced linguistic coverage within the EU from 11 languages to seven, the Commission said, again citing X's transparency report. X, which was formerly known as Twitter, was not immediately available for comment when contacted by CNBC. X must provide information requested by the EU on its content moderation resources and generative AI requested by May 17, the Commission said. Remaining answers to questions from the Commission must be provided no later than May 27, the agency said.
Persons: it's Organizations: European, European Commission, Digital Services, Twitter, CNBC, EU Locations: EU
Opinion | Congestion Pricing and Confusion
  + stars: | 2024-05-06 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “M.T.A.’s Congestion Fees Will Launch on June 30” (news article, April 27):Any congestion pricing plan must be implemented responsibly, with full consideration of its effects on vulnerable communities and the environment. Drive, concentrated in an area with many low-income residents that is already designated as an Environmental Justice Area by New York State, is deeply concerning. If this plan is to be truly transformative, its effects must be thoroughly studied and mitigated. The M.T.A.’s resistance to a proper environmental impact study and its urgency in pushing this plan forward are alarming. Rushing forward without proper due diligence is irresponsible and risks irreparable harm to already vulnerable communities.
Organizations: Metropolitan Transportation, Environmental, New Locations: New York State, New Jersey, Bronx
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailADB climate envoy: We will continue to focus on mitigation and adaptationWarren Evans, climate envoy at the Asian Development Bank, discusses its financing commitments.
Persons: Warren Evans Organizations: ADB, Asian Development Bank
In this article Follow your favorite stocks CREATE FREE ACCOUNTRyersonclark | E+ | Getty ImagesMaking your home hurricane resistant can be a significant financial undertaking. In 2024, the national average cost to upgrade an entire house with hurricane windows runs between $1,128 and $10,293, or $100 and $500 per window, including installation, according to This Old House. Hurricane resistance is about preventing 'pressurization'Hurricanes are different and unpredictable storms, said Jeff Ostrowski, a housing analyst at Bankrate. If installing new hurricane windows aren't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.
Persons: Phil Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Massachusetts Institute of Technology, Hurricanes, National Oceanic, Fluid Dynamics, Climate, Energy Solutions, Swiss, Finance, Colorado State University, Department of Atmospheric, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: windstorms, U.S, Florida, In Florida, Alabama, Louisiana, dsireusa.org
CNN —A historic bridge in Portland, Oregon, was shut down Monday morning after a derailed train car was seen leaning against a bridge support. Two cars had fully derailed on a Union Pacific line on the east side of the century-old Steel Bridge. “One train car is leaning against bridge structural support column,” Portland Fire and Rescue stated on X. The derailment happened after 35 train cars derailed in New Mexico on Friday, prompting evacuations that lasted until Sunday. Six of the derailed train cars were carrying propane, according to BNSF Railway.
Organizations: CNN, Union, Portland, Union Pacific, . Union Pacific, BNSF Railway, National Transportation Locations: Portland , Oregon, Portland, New Mexico
Not that long ago, Republican presidents were carrying out the Clean Air and Water Acts, creating the Environmental Protection Agency, expanding the National Park System and even initiating the country’s most authoritative report on climate change, the National Climate Assessment. Many of today’s Republican leaders stoke fear and anger by mocking the most divisive climate activists while claiming that every environmental solution is a radical one. If they’re not doing that, Republicans can often be found on the sidelines and disengaged from the issue completely. Instead of continuing the environmental legacy they were once known for, they have ceded the fight against climate change to Democrats, putting themselves on the wrong side of history. In other words, Donald Trump’s denial of climate change probably cost him the White House.
Persons: they’re, Biden, Donald Trump’s, Gavin Newsom Organizations: Environmental Protection Agency, Park System, Republican, stoke, University of Colorado, Democratic Party, Green Locations: Boulder, California
Washington CNN —TikTok said Wednesday it would suspend a controversial program in the European Union that has prompted growing alarm among EU regulators. The program at issue appears within TikTok Lite, a less data-intensive version of TikTok’s main app, and which contains a feature that rewards users with cash for engaging with TikTok content and app features. “TikTok always seeks to engage constructively with the EU Commission and other regulators,” TikTok said in a post on X. “We are therefore voluntarily suspending the rewards functions in TikTok Lite while we address the concerns that they have raised.”The EU warnings to TikTok reflected an exercise of new oversight powers granted by the Digital Services Act, the trading bloc’s recently enacted law governing online platforms. TikTok also faces further, additional fines of up to 6% of its global annual revenue if the TikTok Lite feature is determined to be in violation of the DSA.
Persons: Washington CNN — TikTok, TikTok, , “ TikTok, ” TikTok, Joe Biden Organizations: Washington CNN, European Union, European Commission, EU Commission, Digital Services, TikTok, Commission, DSA, Wednesday Locations: European, Europe, United States, Israel, Ukraine
Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.
Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan
CNN —After years of delays and a dizzying array of setbacks during test flights, Boeing’s Starliner spacecraft is finally set to make its inaugural crewed launch. “This is history in the making,” NASA Administrator Bill Nelson said of the upcoming Starliner mission during a March 22 news conference. Missteps riddled a Starliner test flight the prior year, leaving NASA and Boeing officials scrambling to figure out what went wrong. SpaceX’s Crew Dragon has been flying routine trips ever since, carrying NASA astronauts and even paying customers and tourists. On May’s inaugural crewed flight, Boeing will instead use a “perfectly acceptable mitigation” that should prevent the valves from sticking, Nappi said in March.
Persons: CNN —, Suni Williams, Butch Wilmore, , Mark Nappi, , we’ve, Ken Bowersox, SpaceX’s, Bill Nelson, “ We’re, Boeing’s Starliner, Bob Behnken, Doug Hurley, Steve Stich, we’re, ” Nappi, Stich, Nappi, — Williams, Wilmore, , ” Wilmore, Williams Organizations: CNN, NASA, International, Boeing, SpaceX, International Space, Alaska Airlines Locations: Florida, , Starliner’s
And the day-to-day weather conditions near Mount Ruang – things like temperature, clouds and rain – probably won’t be influenced by the volcano for long, Huey told CNN. Mount Ruang, a 2,400-foot (725-meter) stratovolcano on Ruang Island in Indonesia’s North Sulawesi province, has erupted at least seven times since Tuesday night, the country’s volcanology agency said. Mount Ruang spewed lava and and ash on April 17, seen from Sitaro, North Sulawesi. Once in the stratosphere, sulfur dioxide and water vapor combine to form sulfuric acid aerosols that create a layer of hazy droplets, according to UCAR. In 1991, Mount Pinatubo – another stratovolcano – erupted in the Philippines and produced the largest sulfur dioxide cloud ever measured.
Persons: Greg Huey, Huey, Ruang, ” Huey, Mount Pinatubo, wouldn’t, CNN’s Kathleen Magramo Organizations: CNN, Georgia Tech’s School of, Atmospheric Sciences, NASA, Volcanology, Getty, United States Geological Survey Locations: Ruang, Indonesia, Mount, Indonesia’s North Sulawesi, Sitaro, North Sulawesi, Philippines
'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.
Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina
CNN —European officials are threatening TikTok with massive fines and a possible forced suspension this week of parts of a new spinoff app, launched this month, that regulators allege contains addictive features. The warnings target TikTok Lite, a less data-intensive version of TikTok’s main app which contains a feature that rewards users with cash for engaging with TikTok content and app features. EU officials fear the feature could be used to turn TikTok Lite users into addicts who can’t stop using the app and described it as an “experiment” on unwitting EU citizens in Spain and France where TikTok Lite has been made available. A decision to order the suspension could come as early as Thursday, commission officials told reporters on a conference call. TikTok could face further, additional fines of up to 6% of its global annual revenue if the TikTok Lite features the Commission is investigating are determined to be violations of the DSA.
Persons: , TikTok didn’t, TikTok, we’ve Organizations: CNN, European Union, EU, Digital Services, DSA, European Commission, Lite, Commission, TikTok Locations: Spain, France, European, United States, Israel, Ukraine, TikTok
In a previous interview with Business Insider, he explained one of his main strategies: using the Fibonacci retracement tool to trade on price volatility. He aims to place a stop-limit buy order on a contract slightly above a previous high. It's based on the assumption that when the price begins to rally upward, it attracts more traders to the market and increases price action. ET, a time when market participation can increase for the oil market and create unpredictable conditions, he sold earlier at $79.24. He also avoids trading oil contracts when there are headlines about geopolitical instability or a breakout of war because they create uncertainty.
Persons: he's, It's, Vernier Organizations: Business, West Texas, CME Group West Texas, Traders, American Petroleum Institute, Energy Information Administration
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
CNN —Indonesian authorities on Wednesday ordered hundreds of villagers to evacuate following multiple eruptions of a remote island volcano, raising fears it could collapse into the sea and trigger a tsunami. Mount Ruang, a 725-meter (2,400-foot) conical stratovolcano on Ruang Island, North Sulawesi, has erupted at least five times since Tuesday night, spewing fiery lava and ash plumes thousands of feet into the sky, the country’s volcanology agency said. Mount Ruang spewed hot lava and ash columns into the night sky on April 17, 2024, as seen from Sitaro, North Sulawesi. Ruang Island is home to about 800 residents, who have temporarily relocated to neighboring Tagulandang Island, according to authorities. Indonesia, a Southeast Asian archipelago of 270 million people, has over 120 active volcanoes – more than anywhere else in the world.
Persons: Ruang, Hendra Gunawan Organizations: CNN, Indonesian, Agency, Mount, North Sulawesi . Center, Volcanology, Getty Locations: North Sulawesi, Sitaro, Ruang, Tagulandang, Indonesia
However, they say immediate actions to reduce climate change could stem some losses in the longer term. Noah Diffenbaugh, a professor and environmental researcher at Stanford University, said the economic damage from climate change will take different shapes. Researchers estimated it would cost the global economy $6 trillion by 2050 to comply with the Paris Climate Agreement—the international agreement among nearly 200 nations to tackle climate change—compared to the study’s estimated $38 trillion economic damage due to climate change. “That’s what’s likely to happen from the global warming that’s already occurred and what’s likely to happen even for small increments of global warming.”The Nature study estimated the economic damage of different regions. The ICF paper said price hikes on essential elements of the cost of living in the US will add up due to climate change.
Persons: , Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh, It’s, Wenz, Bernardo Bastien, Bastien, ” Bastien, , , “ That’s, what’s, won’t Organizations: CNN, United Nations, Potsdam, Climate, Stanford University, Scripps Institute of Oceanography, University of California Locations: Nature, Paris, University of California San Diego, California, North America, Europe, South Asia, Africa, United States
Homeland Security Secretary Alejandro Mayorkas speaks during the third annual Axios What's Next Summit at the Planet Word Museum on March 19, 2024 in Washington, DC. When the White House issued an executive order last October to promote safe and responsible development and use of artificial intelligence in the federal government, one of the first agencies to say it was on board the AI train was the Department of Homeland Security. In one pilot, Homeland Security Investigations (HSI) will test AI to help in investigative processes focused on detecting fentanyl and combatting child exploitation. The unprecedented speed and potential of AI's development and adoption presents both opportunities and risks, according to Alejandro Mayorkas, Secretary of Homeland Security. What DHS learns from the pilot projects will be beneficial in shaping how it can effectively and responsibly use AI across homeland security moving forward, he said.
Persons: Alejandro Mayorkas, Biden, Mayorkas, Organizations: Word, White House, Department of Homeland Security, Homeland Security Investigations, Federal Emergency Management Agency, FEMA, United, United States Citizenship, Immigration Services, Homeland Security, DHS, Mayorkas, Republican Locations: Washington ,, United States
CNN —The death of a toddler from extreme heat highlighted the risk of climate-related illnesses across Malaysia. And in the Philippines, hundreds of schools suspended classes after daily temperatures soared past 107 degrees Fahrenheit (42 degrees Celsius). Sweltering heat is back in Southeast Asia, one of the regions most vulnerable to climate change. But alongside these natural variations, the world continues to blast through climate records, with deadly heat waves becoming the norm. A resident attempts to pump underground water from a dried reservoir in Vietnam's central Ninh Thuan province during a heat wave and drought on April 6, 2024.
Persons: climatologist Maximiliano Herrera, Herrera, , ” Herrera, , El Niño, Stringer, Adly Zahari, Ahmad Zahid Hamidi, Aidil Iman Aidid, fasted Organizations: CNN, Getty, El, heatstroke, Education, Philippines Locations: Malaysia, Vietnam, Philippines, Southeast Asia, Thailand, Bangkok, Rice, Ninh Thuan, AFP, Asia, Pahang, Kelantan, Sabah, Borneo, Kuala Lumpur, Singapore, Manila
Men had more strokes related to extreme temperatures than women, but it affected people across all age groups. While that may sound counterintuitive for global warming, cold temperatures also come along with climate change. Last year was the warmest since scientists started recording global temperatures in 1850 and temperatures are expected to break more records in the near future. The new study wasn’t designed to show why extreme temperatures that come with the climate crisis seem to be causing so many strokes. Extreme cold temperatures also can lead someone to have a stroke.
Persons: Mary Rice, , Rice, Beth, ” Rice, Ali Saad, who’s, Dr, Sanjay Gupta, , ‘ I’m, ’ ” Saad, Saad, ” Saad Organizations: CNN, Neurology, Xiangya Hospital Central South University, Central Asia “, Harvard Medical School, Beth Israel Deaconess Medical, Health, University of Colorado, CNN Health Locations: China, Africa, Central Asia, Boston
For nearly 60 years, New York City leaders have understood that they could not kill their way out of the rat problem. Rats are prodigious breeders, with one pair having the potential to produce 15,000 descendants in a year. City officials have tried repeatedly to give them contraceptives and diminish their ranks, but the rats have prevailed. Now, citing advancements in rodent birth control and trash storage, the City Council wants to try again. The pellets would be used within so-called rat mitigation zones covering at least 10 city blocks.
Organizations: City Council Locations: New York
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