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☆ If you're stranded on an island, a 'HELP' sign can actually save you — but there's an even better way to get rescued
▼ + stars: | 2024-04-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read previewThree mariners stranded on an island in the Pacific Ocean were rescued earlier this month after they made a large "HELP" signal by laying out palm leaves on the beach — a scene right out of a movie. Beyond fires, Bigney said it's ideal to create signals with contrast. So in the case of the men stranded on Pikelot Atoll, palm leaves against bright white sand may've created enough contrast to be seen easily from afar. The Coast Guard said the men had access to food and water while stranded with their damaged boat. They thought to signal for help," she said, adding, "Oftentimes it is just a psychological game, in any situation."

Persons: —, Chelsea Garcia, Oliver Henry, Bigney, It's Organizations: Service, Federated, Business, Coast Guard, Navy, Coast, Survival Locations: Polowat, Federated States, Micronesia, Pikelot, Papa New Guinea

☆ US military rescued mariners stranded in the Pacific after they used palm leaves to spell 'HELP' on the beach
▼ + stars: | 2024-04-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The crew of USCGC Oliver Henry rescues three mariners stranded on Pikelot Atoll, Yap State, Federated States of Micronesia, on April 9, 2024. "This successful operation underscores the effective coordination and partnership between the US Coast Guard, the US Navy, and regional partners," Garcia said. The crew of USCGC Oliver Henry rescues three mariners stranded on Pikelot Atoll, Yap State, Federated States of Micronesia, on April 9, 2024. The Coast Guard has also carried out more recent searches for individuals who went missing while on cruise ships. AdvertisementThe Coast Guard has long operated in the Pacific — its ships used to patrol American territories and other nearby countries for decades.

Persons: —, Chelsea Garcia, USCGC Oliver Henry, Garcia, Oliver Henry Organizations: Navy, Service, Federated, US Coast Guard Forces Micronesia, US Navy, US Coast Guard, Coast Guard, Coast Guard HC, 130J, Coast, Guard Locations: American, Pikelot, Federated States, Micronesia, Guam, Tuesday's Coast, Yap State, Polowat, China

☆ Widening Mideast Crisis Israel Says 2 Dozen Soldiers Killed as Pressure Grows on Netanyahu
▼ + stars: | 2024-01-23 | by ( Adam Rasgon | Victoria Kim | ) www.nytimes.com time to read: +6 min

Those missiles were hit before they could be fired at ships in the Red Sea or the Gulf of Aden. That changed quickly after the Hamas attacks in Israel on Oct. 7, and the Houthi attacks on commercial ships a month later. U.S. analysts have been rushing to catalog more potential Houthi targets every day, the officials said. That effort yielded many of the targets hit on Jan. 11 and on Monday, officials said. Many Republicans in Congress and some former senior U.S. military officials say the approach is not working.

Persons: Biden, Poseidon Archer, Yahya Sarea, Mr, “, ”, Jon, ” Gen, Kenneth F, McKenzie Jr, ” Vivian Nereim Organizations: Houthi, British, American, Ocean Jazz, White House, Pentagon, U.S, ABC, Republicans, ”, military’s, Command Locations: United States, Britain, Yemen, Iran, Aden, East, Netherlands, Australia, Canada, Bahrain, U.S, Suez, Gaza, American, Gulf, Red, Israel, Riyadh, Saudi Arabia

☆ US and UK carry out additional strikes against Houthi targets in Yemen
▼ + stars: | 2024-01-22 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +5 min

CNN —The US and UK carried out additional strikes against Houthi targets in Yemen on Monday, marking the eighth round of attacks by the US military on the rebels’ infrastructure in just over 10 days, two defense officials told CNN. The US has now struck Houthi targets in Yemen eight times since January 11, the majority of which the US military has carried out unilaterally. The first wave of strikes, in which the US and UK hit approximately 30 sites across Houthi-controlled Yemen, marked the beginning of Operation Poseidon Archer, one official said. The US also carried out all of its strikes on Houthi targets last week unilaterally, in contrast to the coalition of countries that supported the first round of joint US and UK strikes on the Houthis on January 11. “We’re not looking for a conflict with the Houthis, we’re not looking for a conflict in the region,” he added.

Persons: Joe Biden, Rishi Sunak, Archer, Sabrina Singh, Biden, Singh, ”, Abdul Malek al, Houthi, CENTCOM, Erik Kurilla, John Kirby, “ I’m, “, we’re Organizations: CNN, British, UK, US, Pentagon, US Navy, Central Command, Navy, US Naval, . National Security Locations: Yemen, Red, Houthi, Israel, Gaza, America, Somalia

☆ Canada Fast-Tracks 10.4 Billion Dollar Military Purchase
▼ + stars: | 2023-12-02 | by ( Ian Austen | More About Ian Austen | ) www.nytimes.com time to read: +1 min

The estimated program cost is 10.4 billion Canadian dollars, of which just under 6 billion dollars is the purchase price of the planes. (The program cost includes weapons, training simulators, spare parts and renovations at the Air Force bases in British Columbia and Nova Scotia where the planes will be stationed.) As with the 1980s vintage CP-140 Aurora planes they will replace, the main duty of the newcomers will be tracking submarines. But, as is the case now, they will most likely perform a number of other tasks ranging from tracking drug smuggling in the Caribbean to monitoring pollution in Canada. In particular, they wanted it to consider a proposed marine surveillance plane from Montreal-based Bombardier.

Persons: —, François, Doug Ford of, François Blanchet Organizations: Boeing, Air Force, Titan, Yves, Bloc, Bombardier Locations: British Columbia, Nova Scotia, Caribbean, Canada, United States, Britain, Germany, Norway, Netherlands, Australia, New Zealand, Quebec, Doug Ford of Ontario, Montreal

☆ US Navy says it will trial using AI to track Chinese submarines in the Pacific
▼ + stars: | 2023-12-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The US, Australia, and the UK will use AI to counter China's growing military assertiveness in the Pacific. AdvertisementThe US, UK, and Australia have unveiled new plans to trial the use of AI to track Chinese submarines in the Pacific. Data processed by AI will enable the three countries to track Chinese submarines with more speed and accuracy. The P-8A poseidon maritime patrol and reconnaissance aircraft will be equipped with AI-powered tools to help tackle rising Chinese aggression. "Australia expects all countries, including China, to operate their militaries in a professional and safe manner," he added.

Persons: —, MLADEN ANTONOV, Richard Marles, Marles Organizations: US, Service, Australian Defence Force, Power Locations: Australia, Pacific, China, Mountain View , California

☆ U.S. Navy Works to Salvage Plane From Fragile Hawaiian Bay
▼ + stars: | 2023-12-01 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: 1 min

In the crystal-clear waters of Kaneohe Bay, a U.S. Navy patrol aircraft that weighs over 130,000 pounds is stuck atop a fragile reef ecosystem. The P-8A Poseidon plane ended up there after overshooting the runway at a Marine Corps base in Hawaii last month, careening into the water, leaving nine crew members scrambling to safety and the Navy trying to figure out what had gone wrong and how to get it out safely. Underwater footage appeared to show the plane partly afloat, with at least one wheel creating a gouge in the fragile coral. On Friday, the Navy was still working to recover the plane, which it said had returned from flying a routine training mission when it ended up in the water. The crew members were rescued from an inflatable life raft, and none were injured, according to a spokeswoman at the base.

Organizations: U.S . Navy, Marine Corps, Navy Locations: Kaneohe, U.S, Hawaii

☆ The US Navy released a wild video of a P-8A plane stuck on a Hawaiian coral reef after it missed a runway
▼ + stars: | 2023-11-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

The US Navy has released a video of the submerged P-8A aircraft. The aircraft's fuel had to be extracted before the US Navy can salvage it. AdvertisementNaval divers have been sent to survey a plane that got stranded on a Hawaiian coral reef after it missed the runway, according to a video released by the US Navy. AdvertisementThe statement also said that the US Navy had successfully extracted all of the plane's fuel. The US Navy said in a statement on Tuesday that they had to remove the aircraft's fuel first before they could recover it.

Persons: —, Kevin P, Lenox Organizations: US Navy, Service, US Locations: Kaneohe Bay, Hawaii, Kaneohe

☆ Canada set to announce Boeing order for maritime patrol aircraft -source
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsNov 29 (Reuters) - Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing Co’s (BA.N) P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters. An announcement would end months of speculation and follow a challenge from Canadian private planemaker Bombardier (BBDb.TO) which called for an open competition so it could submit a bid using its large-cabin Global business jets. A draft agreement between the governments of Canada and the United States for the sale of the Poseidon aircraft and associated training and equipment is set to expire on Thursday. Boeing declined comment on Wednesday.

Persons: Sao Jose dos Campos, Gabriel Araujo, Steve Scherer, Valerie Insinna, Allison Lampert, Chris Reese, Sonali Paul Organizations: Boeing, REUTERS, Reuters, Bombardier, CP, Aurora, Poseidon, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Canada, United States, Ottawa, Washington, Montreal

☆ Navy Plane Misses Runway in Hawaii and Ends Up in Water With 9 Aboard
▼ + stars: | 2023-11-20 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

The plane’s crew members are assigned to a squadron based in Whidbey Island, Wash., according to a separate statement by Lt. Mohammad N. Issa, a spokesman for the Navy’s Third Fleet. He also said that emergecy workers had enacted a temporary floating barrier to help protect the environment. No other details were immediately available. The P-8A Poseidon is about 130 feet long and 42 feet wide, according to the Navy. It carries a crew of nine and is mainly used for surveillance missions.

Persons: Mohammad N, Issa Organizations: Navy Locations: Whidbey Island

☆ US Navy jet overshoots runway into water off Hawaii
▼ + stars: | 2023-11-20 | by ( Brad Lendon | ) edition.cnn.com time to read: +1 min

CNN —A US Navy reconnaissance jet with nine crew members aboard crashed into water off the Hawaiian island of Oahu on Monday after overshooting the runway at a US Marine Corps base there, military officials said. There were no casualties aboard the P-8A Poseidon aircraft, a twin-engine multimission patrol and reconnaissance jet with the airframe of a Boeing 737 passenger plane, according to Marine Corps spokesperson 1st Lt. Hailey Harms. Pictures showed the aircraft upright with its wings slightly above the waterline in Kaneohe Bay off Marine Corps Base Hawaii on the main island of Oahu, north of the capital of Honolulu. The P-8A Poseidon is a workhorse of US Navy operations. P-8 aircraft are also flown by the Australian, New Zealand, British, Norwegian and Indian militaries, according to Boeing.

Persons: Hailey Harms, Harms, CNN’s Sara Tonks, Taylor Ward Organizations: CNN, US Navy, US Marine Corps, Boeing, Marine Corps, Marine Corps Base Hawaii, National Weather Service, Australian Locations: Oahu, Kaneohe Bay, Honolulu, South, Chinese, New Zealand

☆ San Diego temporarily solved its water crisis by turning ocean water into fresh water. But desalination won't work everywhere.
▼ + stars: | 2023-10-28 | by ( Maiya Focht | ) www.businessinsider.com time to read: +9 min

The largest desalination plant in the US is in San Diego. AdvertisementAdvertisementIn the early 1990s, San Diego was dying on the vine, starved of water in a series of yearslong droughts. At the last minute, a miracle saved San Diego — rain and snow in the desert replenished aquifers, saving the city from intense cutbacks. AdvertisementAdvertisementThe desalination plant produces potable water for San Diego county. With these easier options on the table, it's even more staggering that cities such as San Diego have pushed desalination efforts through.

Persons: —, Diegans, Jeremy Crutchfield, Claude, Bud, Lewis, It's, Crutchfield, Diego, Reed Kaestner, Robert Glennon, Frank Ward, Ward, Michelle Peters, Michael Hanemann, Glennon, Peters, Reed Kaestner, Hanemann, Allen J, Schaben Organizations: Service, Water Authority, Western, Getty, University of Arizona, Street Journal, New Mexico State University, Arizona State University, Water Locations: San Diego, Lewis Carlsbad, United States, Colorado, seeping, Mississippi, San Diego County , CA, Encina, San Diego County, Orange County , California, Carlsbad, Orange, California, Diego, San Diego county, Los Angeles, Columbia

☆ Putin's new nuclear-powered cruise missile, one of his so-called 'super weapons,' is unnecessary but not totally useless, nuclear weapons expert says
▼ + stars: | 2023-10-22 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

If it works, the weapon's utility is debatable, and a nuclear weapons expert said it's likely for political show. The weapon isn't much of an addition beyond the nuclear strike options Russia already has in its arsenal, a nuclear weapons expert told Insider. Will it have "the ability to bypass interception lines" and be "invulnerable to all existing and future missile defense and air defense systems" as he has claimed? The missile, essentially a very-long range cruise missile, can't be intercepted by missile defense systems that are designed to counter ICBMs, meaning it could theoretically penetrate key enemy air defenses to strike its target. The agreement was designed to limit the use anti-ballistic missile systems intended to defend against nuclear attacks.

Persons: Putin, it's, —, Vladimir Putin, Pavel Podvig, Podvig, haven't, George W, Bush, Sergei Karpukhin Organizations: Service, RIA Novosti, Ministry of Defense, Russian, Russian Navy, US, Technology, Ballistic, National Missile Defense, Putin Locations: Russia, Moscow, Russian, Sochi, Ukraine, Avdiivka, Crimea

☆ China says sends fighter jets to warn US Navy plane in Taiwan Strait
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Oct 12 (Reuters) - China said on Thursday it had sent fighter jets to monitor and warn a U.S. Navy patrol aircraft that flew through the Taiwan Strait. Taiwan and the United States dispute that, saying the Taiwan Strait is an international waterway. China's military described the flight as "public hype", adding it had sent fighters to monitor and warn the U.S. plane. China stages almost daily military activities of its own in the Taiwan Strait and seas and skies around Taiwan. The United States last announced a Poseidon mission through the strait in July.

Persons: Thomas Peter, Ben Blanchard, Kim Coghill, Miral Organizations: REUTERS, Rights, U.S . Navy, Navy, Troops, Eastern Theatre Command, People's Liberation Army, U.S, United States, Beijing, Thomson Locations: China's, Taiwan, Fujian province, China, Rights BEIJING, Taiwan Strait, United States, U.S, Navy's, Taipei

☆ Inside Asia's arms race: China near 'breakthroughs' with nuclear-armed submarines, report says
▼ + stars: | 2023-10-09 | by ( Greg Torode | ) www.reuters.com time to read: +7 min

But the Type 094s, which carry China's most advanced submarine-launched JL-3 missile, are considered relatively noisy - a major handicap for military submarines. The paper notes that the Type 096 submarine will compare to state-of-the-art Russian submarines in terms of stealth, sensors and weapons. That puts construction on schedule to have the boats operational by 2030, the timeline stated in the Pentagon's annual reports on China's military. Even if China's submarine force reaches technological parity, it will need to train aggressively and intensively over the next decade to match AUKUS capabilities, he added. Vasily Kashin, a Moscow-based Chinese military scholar at HSE University, said it was possible Chinese engineers had made the breakthroughs described in the report.

Persons: Jason Lee, Christopher Carlson, Carlson, Collin Koh, Koh, Alexander Neill, Neill, Vasily Kashin, Kashin, Greg Torode, Guy Faulconbridge, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Research, U.S . Naval War College, China Maritime Studies, U.S . Navy, Pentagon, U.S, People's Liberation Army, PLA, Reuters, Rajaratnam, of International Studies, New Zealand, Hawaii's, HSE University, Thomson Locations: Qingdao, China, HONG KONG, Russian, Asia, Hainan, South China, United States, Britain, Russia, France, Singapore, Soviet, Australia, Southeast Asia, Japan, India, South Korea, New, U.S, British, Western Australia, Moscow, Soviet Union, Beijing

☆ Putin says Russia got its troubled nuclear-powered cruise missile to work after years of failure and a deadly disaster
▼ + stars: | 2023-10-05 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Putin says Russia tested an experimental nuclear-powered cruise missile. AdvertisementAdvertisementRussian leadership claims the country tested one of its new "super weapons," specifically the Burevestnik nuclear-powered cruise missile, and it purportedly worked. Russian President Vladimir Putin announced the latest test of the cruise missile at the Valdai International Discussion Club, Russian state media reported on Thursday. Russia conducted a "successful test" of the "Burevestnik nuclear-powered global-range cruise missile," Putin said, per an AP translation of his remarks. The one-of-a-kind cruise missile has had a troubled history.

Persons: Putin, —, Vladimir Putin, didn't, SERGEI GUNEYEV, Moscow, Donald Trump Organizations: Service, The New York Times, Russian Navy, Ukraine's, Sputnik, Getty, New York Times, CNBC, NATO, State Department Locations: Russia, Russian, Sochi, Moscow, United States, Nenoksa

☆ Australia boosts maritime surveillance with drones, aircraft upgrades
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

A U.S. Navy P-8 Poseidon aircraft takes off from Perth International Airport, April 16, 2014. REUTERS/Greg Wood/Pool/File Photo Acquire Licensing RightsSYDNEY, Sept 19 (Reuters) - Australia will spend A$1.5 billion ($966 million) to boost maritime surveillance of its northern approaches, buying more long range drone aircraft and upgrading Poseidon maritime patrol aircraft. The fleet of 14 Boeing (BA.N) P-8A Poseidon Maritime Patrol aircraft will have anti-submarine warfare, maritime strike and intelligence collection capabilities upgraded, Minister for Defence Industry Pat Conroy said in a statement on Tuesday. The Triton will provide long-range surveillance of Australia's maritime region, the statement said. Conroy said the Poseidon aircraft upgrades will strengthen the protection of Australian "maritime interests".

Persons: Greg Wood, Defence Industry Pat Conroy, , Conroy, Kirsty Needham, Lincoln Organizations: U.S . Navy, Perth International Airport, REUTERS, Rights, Boeing, Poseidon Maritime Patrol, Defence Industry, Northrop Grumman, Triton, United States Navy, Defence, U.S, Australian Poseidon, United Nations Security, Thomson Locations: Australia, Australia's Northern Territory, Asia, South Australia, United States, Pacific, China, Australian, South China, North Korea

☆ Cannabis ETFs boom as HHS recommendation to ease restrictions raises hopes for federal reform
▼ + stars: | 2023-09-12 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest. It marked a swift turnaround for a quasi-legal industry curtailed by the anemic pace of federal reform. Last month's announcement also sent shares of several cannabis companies higher, including Canopy Growth, Tilray Brands and Cronos Group. At the time of the closure announcement, fund co-founder Morgan Paxhia told CNBC that it was not "immune to the broader macroeconomic environment and, more specifically, the dramatic shift in investor sentiment that has impacted the cannabis industry."

Persons: Canaccord, Matt Bottomley, Morgan Paxhia Organizations: Aurora Deutschland GmbH, U.S . Department of Health, Human Services, Dow Jones Industrial, Dow, Tilray Brands, Cronos Group, Marijuana, CNBC Locations: Leuna, Germany

☆ Submarines, nuclear drones: Why is North Korea developing its navy?
▼ + stars: | 2023-09-08 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

North Korea's navy has historically been dwarfed by the country's land forces, and overshadowed by its rapidly advancing ballistic missile program. Here is what we know about North Korea's navy and its latest advancements. HOW BIG IS NORTH KOREA'S NAVY? "The North Korean Naval Force possesses the capacity to carry out a surprise attack any time," the paper said. In March and April North Korea tested what it said was a nuclear-capable unmanned underwater attack weapon.

Persons: Kim Jong Un, Kim, Romeo, Vann Van Diepen, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Carnegie Endowment, International, Korean People's Navy, NAVY, Korean People's Army Naval Force, Korean, North Korean Naval Force, Naval, Thomson Locations: North Korea, Rights SEOUL, Korea, U.S, Pyongyang, Washington

☆ Pot firms surge as US move to ease curbs sparks hopes of legalization
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Shares of cannabis firms Cronos Group (CRON.TO), OrganiGram Holdings (OGI.TO), Aurora Cannabis (ACB.TO), Canopy Growth (WEED.TO) jumped between 6% and 25%. Verano Holdings (VRNO.CD), Green Thumb Industries (GTII.CD), Cresco Labs (CL.CD) and Curaleaf Holdings (CURA.CD) and Goodness Growth (GDNS.CD) rose between 15% and 37%. "Certainly moving cannabis off of Schedule 1 is the right decision and long overdue. The firm held investments in cannabis retailer and producer Green Thumb, and cannabis data platform Flowhub, according to its website. Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: cagey, Ty Collin, Patrick Rea, Green, Arunima Kumar, Sriraj Organizations: Cronos Group, OrganiGram Holdings, Verano Holdings, Green Thumb Industries, Cresco Labs, Curaleaf Holdings, Cannabis ETF, U.S . Department of Health, Human Services, Drug Enforcement Agency, Banking, Poseidon Garden Ventures, Thomson Locations: U.S, Aurora, Bengaluru

Beneath the trimmed flower is a tray collecting shake, cannabis flower that has naturally broken down through handling. Marijuana is currently a Schedule I drug under the Controlled Substances Act, meaning it's deemed to have no currently accepted medical use and a high potential for abuse. The news sent shares of several cannabis companies, including Canopy Growth , Tilray Brands and Cronos Group , jumping Wednesday. "Certainly, moving cannabis off of Schedule 1 is the right decision and long overdue," Rea said in a statement. "Though a full descheduling would be preferred and likely most appropriate for cannabis, we welcome smart decisions and progress towards full legalization and regulation in the legal cannabis industry."

Persons: James Romano, Patrick Rea, Rea Organizations: U.S . Department of Health, Human Services, Drug, Administration, CNBC, Wednesday, Marijuana, Tilray Brands, Cronos, Bloomberg, HHS, DEA, Poseidon Garden Ventures Locations: Medway, U.S

☆ First They Appeased Poseidon. Then They Ate Lobster.
▼ + stars: | 2023-08-23 | by ( Jessica Battilana | ) www.nytimes.com time to read: +1 min

Dreamers, artists and doers have long been drawn to the Maine coast; the author E.B. White wrote his 1952 children’s classic “Charlotte’s Web” on a saltwater farm in Brooklin, and the painter Andrew Wyeth made his famous work “Christina’s World” (1948) in Cushing, some 80 miles southwest. Among a newer generation are Jay and Alison Carroll, the couple behind Wonder Valley, a line of olive oils, skin-care products and home goods, who’ve made a home for themselves on Bailey Island, a rocky spit of land in Casco Bay an hour’s drive from Portland, where Jay grew up. After purchasing the property (which they refer to as B.I.B.S., short for “Bailey Island Beach Shack”) at a foreclosure auction in 2020, the pair, who also own El Rey Court, a boutique hotel in Santa Fe, N.M., and the newer Waymore’s Guest House and Casual Club, in Nashville, set about renovating the small, shingled cove-side cottage. But before work on the interior was finished, they prioritized some coastal Maine essentials: buying a boat and, with the help of a neighbor, building a wood-burning oven in the backyard.

Persons: E.B, White, Andrew Wyeth, Jay, Alison Carroll, who’ve, “ Organizations: El, Court, Casual Locations: Maine, Brooklin, Cushing, Bailey, Casco Bay, Portland, “ Bailey, Santa Fe, Nashville

☆ Poseidon Dynamic Cannabis ETF to close as investors lose interest in marijuana industry
▼ + stars: | 2023-08-15 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic Cannabis ETF will see its final day of trading Aug. 25. The closure comes as investors lose interest in the quasi-legal cannabis industry that has struggled to scale. Meanwhile, Pure US Cannabis ETF , another fund in the industry by AdvisorShares, plummeted about 60% during the same period. Mastercard, in a move that further alienates the cannabis industry from big banking, announced last month it will stop allowing cannabis transactions on its debit cards to be in compliance with federal law.

Persons: Emily, Morgan Paxhia Organizations: Florida Supreme, New York Stock Exchange, CNBC, Poseidon Investment Management, US Cannabis ETF, AdvisorShares, Cresco Labs, Columbia Care, Mastercard Locations: Florida, U.S

☆ Why this viral photo of the world’s largest cruise ship is polarizing opinion
▼ + stars: | 2023-08-10 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —The world’s largest cruise ship hasn’t welcomed a single passenger aboard yet, but it’s already set the internet on fire. But when an image of its stern section went viral in July, it polarized opinions, eliciting passionate reactions on all sides. The ship will be home to the world's largest water park at sea. “I think the Royal Caribbean enthusiasts are going to look at this and go ‘Wow, something new! “Royal Caribbean is notable for exceeding 100% capacity on their ships.

Persons: hasn’t, —, Hieronymus Bosch, Tom Davis, ” Davis, ”, Adam Cox, Jonathan Abramowitz, Ross Klein, “, Stewart Chiron “, Stewart Chiron Organizations: CNN, Walmart, University of Alabama, Royal Caribbean, University of North, Memorial University of Newfoundland, Royal Locations: Dutch, “, University of North Carolina, Chapel, Royal Caribbean, Miami, “ Royal Caribbean

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2023 were $2.17 billion, versus $2.36 billion a year before. That was partially offset by higher revenues from increased volumes on its natural gas liquids, natural gas and crude oil businesses, it said. Enterprise sees natural gas liquids pricing and ethane pricing as constructive in the second half of 2023. During the quarter, the company saw operational records for natural gas pipeline volumes and natural gas liquids fractionation volumes. It brought online new projects including the 400 million cubic feet per day expansion of its Haynesville Extension of the Acadian natural gas pipeline system, and its Poseidon cryogenic natural gas processing plant in the Midland Basin.

Persons: Gary McWilliams, Stephanie Kelly, Jan Harvey, Andrea Ricci Organizations: Enterprise Products Partners, REUTERS, Reuters Connect Companies Enterprise Products, Enterprise, Oil, Thomson Locations: Houston , Texas, U.S, Corpus Christi , Texas, Midland, Chambers County , Texas, Delaware, Texas

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