DIRS.INFO The most relevant business & tech news

OCEAN CITY, N.J. (AP) — Offshore wind power company Orsted is trying to get out of a $300 million guarantee it agreed to pay New Jersey in the event it failed to build its first wind farm off the state's coast. Last Tuesday, the Danish firm scrapped its Ocean Wind I and II projects in southern New Jersey, saying the projects were no longer financially feasible. It also was obligated to pay an additional $200 million toward the development of the offshore wind industry in New Jersey. Orsted wrote off $4 billion last week, due largely to costs associated with the cancellation of its two New Jersey projects. New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone.

Persons: Orsted, ” Orsted, Phil Murphy, Alexandra Altman, Murphy, Wayne Parry Organizations: CITY, New, New Jersey Board of Public Utilities, Gov, Republican, Shell, EDF Renewables, Twitter Locations: N.J, New Jersey, Danish, ”, . New Jersey, Atlantic Shores, EDF Renewables North America, www.twitter.com

☆ To Make ‘Fellow Travelers,’ Ron Nyswaner Had to Fall in Love
▼ + stars: | 2023-10-23 | by ( Alexis Soloski | More About Alexis Soloski | ) www.nytimes.com time to read: +1 min

Ron Nyswaner, the Oscar- and Emmy-nominated screenwriter, can still recall a chance meeting on a beach more than 50 years ago. Then a teenager and a self-described “Jesus freak,” he’d come to Ocean City, N.J., to attend a Youth for Christ conference. That young man asked him to speak in tongues — it was an invitation to religious ecstasy and nothing more. Moving back and forth from the early 1950s to the late ’80s, “Fellow Travelers,” based on the 2007 novel of the same name by Thomas Mallon, is a précis of 20th-century queer history viewed through a turbulent relationship between two men. Jonathan Bailey (“Bridgerton”) plays Tim Laughlin, a milk-drinking, God-loving naïf who dreams of working for Senator Joseph McCarthy.

Persons: Ron Nyswaner, he’d, Nyswaner, ”, Thomas Mallon, Matt Bomer, Mike ”, Hawkins Fuller, Hawk, Jonathan Bailey, Tim Laughlin, Joseph McCarthy Organizations: Christ, “, Paramount, Showtime, State Department Locations: Ocean City, N.J, Manhattan’s Soho

OCEAN CITY, N.J. (AP) — The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey's first offshore wind farm. But it would forfeit the guarantee money if the project is not operational by December 2025. As an example, on Thursday, New York regulators rejected a request from companies for larger subsidies to complete large-scale wind, solar and offshore wind projects, saying the expected the companies to abide by the terms of their deals with the state. “I can affirm that Ocean Wind I shall complete and operate the Ocean Wind I approximate 1,100-megawatt qualified offshore wind project,” he wrote. Orsted has federal approval for the Ocean Wind I project, and has state approval for a second New Jersey project, Ocean Wind II.

Persons: Orsted, —, Phil Murphy, Governor Murphy, ”, David Hardy, “, Wayne Parry Organizations: CITY, New Jersey's, Public Utilities, Orsted, Democratic, Boston, Twitter Locations: N.J, New Jersey, East, , New York, North America, www.twitter.com

☆ Inflation is 'always going to be a risk' with the U.S. economy now fundamentally changed, ADP chief economist says
▼ + stars: | 2023-10-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty Images Al Drago | Bloomberg | Getty ImagesInflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP. Prior to that, interest rates had remained low for a decade as central banks around the world looked to stimulate their respective economies in the wake of the global financial crisis. "This was an economy built on very close to zero interest rates for 10 years of economic expansion, and that was OK because inflation was super low," she said. watch now"But now inflation has awakened, and if you look at demographic trends, labor shortages are not going away.

Persons: Al Drago, Nela Richardson, Richardson, It's Organizations: Bloomberg, Getty, U.S . Federal Reserve, Market Committee, Dow Jones Locations: Ocean City , New Jersey, US, U.S

SEASIDE HEIGHTS, N.J. (AP) — A proposed wind energy project off New Jersey would be among the farthest from land on the East Coast, the New York-based development company said Monday. Wind power developers have struggled to make progress, however, due to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government. Orsted, the Danish wind energy company, would build its first project about 13 to 15 miles off the coast of Atlantic City and Ocean City. “Offshore wind development makes no sense from either an environmental or economic standpoint,” he said. It is pursuing another offshore wind project in New York about 50 miles south of Jones Beach.

Persons: —, Damian Bednarz, ”, “, Bednarz, Orsted, Robin Shaffer, ___, Wayne Parry Organizations: Energy, Associated Press, Community, Grid, Office, New, New Jersey Wind, Corio, Twitter Locations: N.J, New Jersey, East Coast, New York, Seaside, East, Chicago, Long, Essen, Germany, Atlantic City, Ocean City, Coast NJ, Paulsboro, Jones Beach, Houston, Boston, London, www.twitter.com

They come as New Jersey continues to grow as a hub of opposition to offshore wind projects from residents' groups and their political allies, mostly Republicans. The state's Democratic governor and Democratic-controlled Legislature want to make the state the East Coast leader in offshore wind energy. “Our goal is to bring offshore wind energy monitoring activities into this partnership. Opponents of offshore wind blame the deaths of 70 whales along the East Coast since December on offshore wind site preparation work. Earlier this week, Republicans in the state Senate called for a moratorium on all offshore wind projects.

Persons: Doug Perkins, “, ”, Jon Hare, Perkins, David Shanker, ” Shanker, Wayne Parry Organizations: CITY, Democratic, East Coast, Grid Ventures, National Oceanic, Atmospheric Administration, Fisheries Science Center, NOAA, Atlantic City, National Marine Fisheries Service, Right Whales Coalition, Twitter Locations: N.J, New Jersey, Essen, Germany, New York, Long, , New York, Denmark, Ocean City, Atlantic, East Coast, American, Orsted, www.twitter.com

POINT PLEASANT BEACH, N.J. (AP) — As the U.S. races to build offshore wind power projects, transforming coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment. So far, four offshore wind projects have been approved by the federal government for the U.S. East Coast, according to the American Clean Power Association. The company is a Danish wind power business that will build two of the three offshore projects approved for New Jersey. Numerous others have been proposed, and the U.S. Bureau of Ocean Energy Management plans to review at least 16 offshore wind projects by 2025. The federal government has endorsed — but not required — compensation to the fishing industry for negative effects from offshore wind.

Persons: ”, Jim Hutchinson, ’, Greg Cudnik, Andy Lipsky, Phil Sgro, Meghan Lapp, “, Keith Craffey, Sgro, —, Frank Pallone Jr, Wayne Parry Organizations: PLEASANT, The Fisherman, U.S ., American Clean Power Association, Atlantic, U.S . Bureau of Ocean Energy Management, Fisheries Science, Biden Administration, Seafreeze, New, Baymen’s, Association, U.S . Commerce Department, Orsted, U.S . Rep, New Jersey Democrat, Twitter Locations: N.J, U.S, Maine, South Carolina, New Jersey, U.S . East Coast, , New York, Montauk, Atlantic City, Ocean City, Danish, Point Judith, Rhode Island, , New Jersey, American, —, United States, America, North Kingstown, New, Raritan, New York, New England, Block Island

☆ CNBC Daily Open: Jobs growth slowed down. Markets shot up
▼ + stars: | 2023-08-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain groundU.S. stocks rallied Wednesday on the back of weaker-than-expected economic data, giving the S&P 500 a four-day winning streak. But this could be an opportunity for investors to put their money into other Asian markets, analysts say.

Persons: Al Drago, downwardly, — Organizations: Bloomberg, Getty, CNBC, UBS, Swiss, Credit Suisse, ADP, Japan's Nikkei Locations: Ocean City , New Jersey, US, Swiss, U.S, Asia, Pacific, Shanghai, China

☆ Fact Check-Segment on protections of U.S. presidential airspace filmed in New Jersey, not Antarctica
▼ + stars: | 2023-07-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A news segment demonstrating the procedures in place to protect U.S. presidential air space is circulating with the false claim that it shows military protection against those who try to fly over Antarctica. On social media, conspiracy theories that the U.S. or other governments are hiding secrets in Antarctica have persisted. Reuters traced the video to an NBC News Today Show segment uploaded to YouTube in July 2017 on how the Air National Guard protects presidential airspace (bit.ly/3DCBTRr). The report demonstrated the procedures in place for when an unidentified aircraft enters temporarily restricted airspace during a presidential event or visit. The video shows a segment aired by NBC’s Today Show in 2017 and was filmed in New Jersey, not Antarctica.

Persons: Jeff Rossen, Bradford Everman, Read Organizations: National Guard, Antarctica, Reuters, NBC, YouTube, Air National Guard, U.S . Air Force, New Jersey Air National, 177th Fighter, NBC’s Locations: Antarctica, Ocean City, New Jersey, U.S

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

☆ These Wheels Can Handle Sand and Surf. Grab the Sunscreen.
▼ + stars: | 2023-06-07 | by ( Karen Angel | ) www.nytimes.com time to read: +2 min

The company sells its chairs for around $12,000 — a particularly hefty sum considering that beach wheelchairs aren’t covered by Medicaid or Medicare. There also is at least one manual model that can be propelled by the user: the Hippocampe All-Terrain Beach Wheelchair, which retails for around $4,000 and is manufactured by Vipamat, based in France. Among the more economical options, Wheeleez offers kits to convert a street wheelchair into a beach wheelchair. Options range from around $300 to $1,000, depending on the size and number of wheels. “This was until I discovered two revolutionary inventions — the beach mat and beach wheelchair — that reopened the magic of my native Florida beaches to me again.”

Persons: ”, Deming, “, Sylvia Longmire, ” Ms, Longmire Organizations: Vipamat, California Coastal Commission, Globe Locations: Florida, Ocean City, Md, France, California, Imperial, San Diego County, Laguna Beach, Orange County, Sanford, Fla

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ SUA: Un camion plin cu artificii a explodat pe o plajă unde sute de oameni celebrau Ziua Independenței (VIDEO)
▼ + stars: | 2021-07-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Mai mulți angajați ai companiei care pregătea focurile de artificii pentru celebrarea Zilei Americii au fost răniți ușor duminică, după ce a explodat accidental camionul în care erau focurile, scrie CNN, citat de libertatea.ro. Focurile de artificii au explodat accidental în timpul pregătirilor, pe o plajă din Ocean City, Maryland. Din fericire, deși plaja era plină de oameni, nu au existat alți răniți în afara câtorva angajați care au refuzat transportul la spital. „Înainte ca artificiile să fie scoase din vehicul, pompierii au delimitat o zonă de siguranță în jurul lor și au pus în aplicare alte protocoale de siguranță. Tocmai această zonă și protocoalele de siguranță au împiedicat ca oricine altcineva să fie rănit.”, a spus șeful pompierilor, Richie Bowers.

Persons: Richie Bowers Organizations: CNN, Ocean City Locations: Ocean, Maryland

Incidentul s-a petrecut duminică, în jurul orei locale 10:15, în timpul pregătirilor, când artificiile din camion au luat foc și au început să zboare în toate direcțiile. Nu au existat alți răniți în afară de câțiva angajați ai companiei, care se ocupau de focurile de artificii. Aceștia au refuzat transportarea la spital. Purtător de cuvânt al Starfire Corporation, compania responsabilă de administrarea focului de artificii din Ocean City, a declarat pentru CNN că investighează cauza exploziei.

Organizations: Corporation, Ocean City, CNN

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

Search resuls for: "Ocean City"

15 mentions found