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Answering that question assumes understanding why we use the S & P 500 in the first place. While the Dow heavily favors industrial businesses — steel, chemicals, autos, oil and gas — the S & P 500 offers a more diverse representation. Also, the S & P 500 index is weighted by market value, which makes sense to professional investors. While certainly not a proxy for the S & P 500, it provides more exposure to other industries and stocks. As shown below, the equal-weighted S & P 500 has slightly outperformed the S & P 500 over the past 20 years.
Persons: I've, Gamble, Karen Firestone Organizations: Dow Jones, Dow, Apple, Procter, Microsoft, Nasdaq, Bloomberg, Goldman, Commodities, Asset Management
If Nemat Shafik, the president of Columbia University, has convinced the world of anything during these last several calamitous days, it is almost certainly that there is no position in American executive life as thankless, as depleting or less enviable than running a major academic institution in an age of chronic, reflexive agitation. Criticized for capitulating to congressional Republicans in a hearing on antisemitism last week, she quickly found she had not been nearly ingratiating enough. “There is a pretty broad consensus that bringing in the police was precipitous and counterproductive,” Christopher Brown, a history professor who spoke at the rally, told me. In the spring of 1968, Columbia’s president, Grayson Kirk, rarely depicted without a pipe, moved in comparatively slow motion in response to unrest that had become an inflection point in the wave of campus activism that was redirecting history. Within days, students had occupied five buildings, seized the president’s office and taken Dean Henry Coleman hostage, holding him in his office for 26 hours.
Persons: Nemat, capitulating, Shafik, ” Christopher Brown, , Grayson Kirk, Dean Henry Coleman Organizations: Columbia University, Republicans, Columbia, Barnard, New York Police Department Locations: Vietnam, Harlem
'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
The Biden administration on Thursday announced a new federal rule for the nation’s sprawling public lands that puts conservation on par with activities like grazing, energy development and mining. It elevates conservation in a number of ways, including by creating two new kinds of leases for the restoration of degraded lands and for offsetting environmental damage. These lands have long been managed for “multiple uses,” including cattle ranching, drilling and recreation. “As stewards of America’s public lands, the Interior Department takes seriously our role in helping bolster landscape resilience in the face of worsening climate impacts,” Interior Secretary Deb Haaland said in a statement. “Today’s final rule helps restore balance to our public lands as we continue using the best-available science to restore habitats, guide strategic and responsible development, and sustain our public lands for generations to come.”
Persons: Biden, Deb Haaland, , Organizations: Bureau, Land Management, Interior Department
The Biden administration on Friday made it more expensive for fossil fuel companies to pull oil, gas and coal from public lands, raising royalty rates for the first time in 100 years in a bid to end bargain basement fees enjoyed by one of the country’s most profitable industries. The government also increased more than tenfold the cost of the bonds that companies must secure before they start drilling. The new rules are among a series of environmental regulations that are being pushed out as President Biden, in the last year of his term in the White House, seeks to cement policies designed to protect public lands, lower fossil fuel emissions and expand renewable energy. While the oil and gas industry is strongly opposed to higher rates, the increase is not expected to significantly discourage drilling. The federal rate had been much lower than what many states and private landowners charge for drilling leases on state or private property.
Persons: Biden
The Biden administration raised the royalty rates that fossil fuel companies pay the government in order to drill and mine on public lands, the first time since 1920 that those fees have increased. One way to think about it is this: the nation’s largest property owner, the federal government, effectively charges rent to oil and gas companies that exploit public land for private profit. Here’s what to know about the changes announced Friday:Does the new rule prohibit oil and gas companies from drilling on public lands? Despite a pledge he made as a candidate (“No more drilling on public lands, period”), Mr. Biden has not stopped oil and gas drilling on federal land or in federal waters. The administration said the proceeds would help to clean up the environmental damage from approximately 3.5 million oil and gas wells on federal property that have been abandoned.
Persons: Biden Organizations: Treasury Department and Interior
For decades, tours have pierced these gaps on powerful boats, much to the dismay of the area’s Indigenous Traditional Owners, who say the site is sacred. Talbot Bay’s main boat tour operator, Horizontal Falls Seaplane Adventures, will cease traversing the falls in March 2028, with all other operators to stop by the end of 2026. Jeff Mauritzen/Design Pics Editorial/Getty ImagesThe Horizontal Falls ban aims to restore the sanctity of this site. In preparation for the Horizontal Falls ban, the Dambeemangaddee stated they have begun creating new videos and brochures that will explain their culture and spiritual connection to Talbot Bay. “By traversing the falls, visitors experience the awesome nature of this unique environment,” Hall said in a statement earlier this month.
Persons: It’s, Jeff Mauritzen, it’s, Talbot Bay’s, David Attenborough, , Reece Whitby, Evan Hall, ” Hall, , Sally Shaw, ” Shaw Organizations: CNN, Owners, Western, WA Tourism Council, Traditional Owners, WA Government, Western Australian, WA, UNESCO, Tourism Council, National Parks, Kimberley Day Locations: Talbot, Western Australia, Talbot Bay, WA, Kimberley Region, Perth, British, Australia, Kimberley
The rule issued by the Interior Department's Bureau of Land Management will tighten limits on gas flaring on federal lands and require that energy companies improve methods to detect methane leaks that add to planet-warming greenhouse gas pollution. It also regulates smaller wells that are now required to find and plug methane leaks. Venting and flaring activity from oil and gas production on public lands has significantly increased in recent decades. Interior had previously announced a rule to restrict methane emissions under former President Barack Obama. The climate law includes $1.5 billion in grants and other spending to improve monitoring and data collection of methane emissions, intending to find and repair natural gas leaks.
Persons: , Biden, Deb Haaland, , Jon Goldstein, Tannis Fox, Holly Hopkins, Raul Grijalva, Grijalva, “ I’m, Barack Obama, Donald Trump Organizations: WASHINGTON, Interior Department's, of Land Management, Environmental Protection Agency, United Arab, Environmental, Environmental Defense Fund, Western Environmental Law Center, American Petroleum Institute, Arizona, Natural Resources Committee, Oil, Trump, Obama, Congress Locations: United Arab Emirates, United States
I wanted to explore the US, but I also wanted to see if van life was something I could do full-time. I quickly realized that these small costs — eating out, gas station snacks, souvenirs — are where van life can get expensive. AdvertisementSo finding a lifestyle like van life, which includes adventure and potential savings, sounds too good to be true. Monica Humphries/Business InsiderI experienced ways that living in a van could be cheaper than my lifestyle todayThere are hidden costs that come with van life. I'm not saying van life is necessarily cheaper than city living, but I am convinced it can be if I work at it.
Persons: , ProMaster, I've, Apartments.com, Axios, It's, Brittany Newson, Monica Humphries, it'd, Zach Nelson, Joe's, Joshua, Ram, van, I'd, I'm Organizations: Service, Denver, Mercedes, Benz, Costco, Walmart Locations: Denver , Colorado, Denver, Southwest America, Plenty, San Fransico, Joshua Tree
The concept of van life has intriqued me for years. I've interviewed dozens of nomads who encouraged others to try van life with shorter trips. AdvertisementThose desires could be answered with van life — especially since the version of van life I saw scrolling on Instagram and TikTok seemed to fit my outdoorsy lifestyle. Related storiesI knew two weeks wasn't enough to experience every aspect of van life. Plus, the company's vans were what I dreamed of when I pictured van life.
Persons: I've, , Monica Humphries, Maddy Garrett, Ram Organizations: Service, Valley Music, Arts, Gatorade, Allied Market Research, Business, Subaru, Walmart, Costco Locations: Bryce, United States, RVs, Albuquerque , New Mexico, Denver, New Mexico, Las Vegas
President Joe Biden this month made climate jobs a major focus of his reelection bid. The administration plans to launch the American Climate Corps this summer with about 20,000 workers, but the funding is pieced together from various federal agencies. These prospective voters are also the target hires for the American Climate Corps, which will focus on reducing greenhouse-gas pollution in local communities and making them more resilient to extreme weather. Stevie O'Hanlon, a spokesperson for the Sunrise Movement, which mobilizes young voters focused on the climate, said the launch of the American Climate Corps was a big win. But the chances of Congress approving more funding for the workforce program are slim, given that House Republicans last year tried to block any federal spending for the American Climate Corps.
Persons: Joe Biden, Biden, Trevor Dolan, Dolan, Stevie O'Hanlon, O'Hanlon, Donald Trump hasn't, We've Organizations: Service, Climate Corps, American, Corps, Business, Biden, American Climate Corps, Evergreen, EV, Sunrise Movement, Republicans Locations: Appalachia
Greg Gianforte blames Paramount's hit 2018 soap opera "Yellowstone" for what he calls his state's most pressing crisis: housing affordability. The so-called Montana Miracle has been celebrated by progressive housing advocates across the country. The policies are supply-side fixes for the crisis — creating more housing to drive down costs — rather than subsidizing renters or lower-income homebuyers. Education Images/Getty ImagesRunning on housingGianforte was "pretty distant" when it came to overseeing the housing task force, Dugan said. Last June, he extended the housing task force through the next legislative session.
Persons: , Greg Gianforte, Paramount's, Kevin Costner's, Gianforte, It's, it's, Kelly Lynch, who've, Mary Vanier, Kendall Cotton, Nathan Dugan, Daniel Zelnikov, Zelnikov, Lynch, Dugan, trickier, I've, he's, That's, Karlen, George Nikolakakos Organizations: Service, Business, Big Sky, Montana League of, Republican, Democratic, Montana, Frontier Institute, GOP Locations: Montana, Bozeman, and Towns, Montana's, Missoula, California, Whitefish, Washington
MCALLEN, Texas (AP) — SpaceX would acquire public land in Texas to expand its rocket-launch facilities under a tentative deal that is moving forward after months of opposition from nearby residents and officials near the U.S.-Mexico border. Although SpaceX is proposing swapping the public land for 477 acres, it has not yet purchased that property. The deal started in 2019 as a conversation between the state and SpaceX. But it was finally worked out in 2023, said David Yoskowitz, the Texas Parks and Wildlife Department's executive director. We the voters of Texas have given you money to purchase valuable land," Reed said, referring to the state's Centennial Parks Conservation Fund.
Persons: ” Jeffery D, Hildebrand, Greg Abbott, David Yoskowitz, Cyrus Reed, Reed, Kathryn Lueders, Organizations: SpaceX, Texas Parks and Wildlife, Boca, Gov, Texas Parks, Wildlife Department's, Democratic, Texas General Land, Lone Star, Sierra Club, Parks Conservation Fund, Texas, NASA, , Texans, Wildlife Locations: MCALLEN , Texas, Texas, U.S, Mexico, Boca Chica, Brownsville , Texas, Austin, Florida
Read previewAlice Everdeen has traveled the country in a school bus for more than a year. The 32-year-old quit her office job at an Austin-based supplement company in 2020, and now makes $130,000 a year working remotely while on the road. The couple has been on the road since September 2022 — and they recently finished refurbishing the school bus they call home. Her main budget items are limited to cell service, food, and costs associated with parking and gas for the school bus. Sometimes others have misconceptions about Everdeen, she said, and they wonder why she is living in her school bus by choice.
Persons: , Alice Everdeen, Everdeen, Jared, doesn't, They're Organizations: Service, Business Locations: Austin, Texas, Maine, Montana
AdvertisementOne of those places is Quartzsite's La Posa long-term visitor area . Monica Humphries/Business InsiderIf off-grid living won't fit a visitor's needs, Quartzsite is home to more than 50 RV resorts . As I meandered around La Posa, I debated how close was too close to park next to a stranger. Monica Humphries/Business InsiderIn 2020, Quartzsite became a Hollywood backdropMost people recognize the name Quartzsite from the Oscar-winning movie "Nomadland," which was released in 2020. There was a sense of freedom living on La Posa, and almost everyone I met was friendly and eager to chat.
Persons: It's, , snowbirds, Monica Humphries, you'll, Quartzsite, Casey Osborn, he's, Osborn, He's, Osborn doesn't, Bob, La Posa, La, Fern —, Frances McDormand, Fern, Paul Winer, Winer Organizations: Service, of Commerce, Tourism, Land Management, Vehicles, La, Social Security, Reader's Oasis, Oasis, Quartzsite Yacht Locations: Quartzsite, Arizona, Quartzsite , Arizona, Mexico, La Posa, La
New York CNN —Cutting in front of someone who’s been waiting patiently in line used to be unethical, bad manners, taboo. Dating app Tinder offers a new $499-a-month membership with a “skip the line” feature that prioritizes a dater’s profile. Snowbird and other ski resorts, in a controversial change, allow visitors who pay extra to access expedited ski lifts. Paying for privilegesPaying to skip the line is part of a booming industry of advantages — if you can afford them. There have always been VIPs and perks for wealthier customers: orchestra seats at theaters, boxes at stadiums and first class seats on airlines.
Persons: who’s, there’s, , Killington, Joe Raedle, Edward Tenner, Tenner, , Don Munsil, Disney, it’s, Sen, Ron Wyden, Gad Allon, Allon, that’s, ” Edward Tenner, “ You’re Organizations: New, New York CNN, TSA, Universal Studios, Disney, Oregon, University of Pennsylvania Locations: New York, Bachelor’s
The Ely Shoshone, Duckwater Shoshone, and the Confederated Tribes of the Goshute Reservation — a coalition representing about 1,500 enrolled tribal members — are lobbying the federal government to designate nearly 40 square miles (100 square kilometers) as Bahsahwahbee National Monument. He testified in a multi-decade legal battle alongside ranchers, local officials and environmental groups who all opposed the project by the Southern Nevada Water Authority. Protecting water for sacred trees is not something the agency had previously done, Sullivan said. Even if the land becomes a national monument, the water beneath Bahsahwahbee would remain under the state’s jurisdiction. The Southern Nevada Water Authority supports a monument designation that allows for the continuation of existing ranching and agricultural activities, said Bronson Mack, water authority spokesman.
Persons: ELY, — White, , Warren Graham, Mamie Swallow, Spilsbury, Charlene Pete’s, , ” Pete, Ely Shoshone, Alvin Marques, David Charlet, ” Charlet, Adam Sullivan, Sullivan, Neal Desai, Bahsahwahbee, Graham, Bronson Mack, Avi Kwa, Joe Biden, Catherine Cortez Masto, Jacky Rosen, Deb Haaland, Cortez Masto’s, Monte Sanford, Organizations: Rocky, Ely Shoshone, Southern Nevada Water Authority, College of Southern, Nevada Division of Water Resources, Southern, Southern Nevada Water, National Park Service, National Parks Conservation Association, National Register of Historic Places, Land Management, The Southern, The Southern Nevada Water Authority, Nevada Legislature, United, Associated Press, Walton Family Foundation, AP, Press, Lilly Endowment Inc Locations: Nev, Nevada, Ely, Duckwater Shoshone, , Bahsahwahbee, Vegas, College of Southern Nevada, Southern Nevada, The, The Southern Nevada, Arizona, U.S, United States
Too said groceries, gas, and even movie tickets are less pricey in Las Vegas. Katz, a big sports fan, said some of his favorite things to do in the city are watching the Las Vegas Knights and the Las Vegas Aviators, a Minor League baseball team (an affiliate of Major League Oakland Athletics, who are moving to Las Vegas in the near future ). With the 2024 Super Bowl taking place in Las Vegas, Hamrick argued that the city has recently become a sports "mecca." AdvertisementTo receive that kind of hospitality, you don't have to venture far from the bustling parts of Las Vegas. Too said he lives only three miles from the Strip but feels worlds away from the flashy Las Vegas people envision.
Persons: , Richard Katz, Katz, Vegas , Nevada Allan Baxter, Andrew Arevalo, Bob Hamrick, Michael Too, Arevalo, that's, I've, Paolo Becarelli, Hamrick, Strip Katz, He's, It's Organizations: Service, Business, Sin City —, Las Vegas, Census, Coldwell Banker, Las Vegas Knights, Las Vegas Aviators, Minor League baseball, Major League Oakland Athletics, Strip Locations: Virginia, West, Sacramento, Seattle, Florida, Texas, . Colorado, Reno, California, Las Vegas, Vegas , Nevada, Sin, Vegas, Nevada, Sin City, Texas , Arizona, Washington, Utah, San Francisco, Bay, Redfin, Mount Charleston, Fire, Summerlin, Indiana, Western, it's
I spent two weeks traveling around America's West in a van on a trip that cost $3,200. Instead, I shelled out $3,200 for a two-week van trip. Monica Humphries/Business InsiderThe idea for a van trip has been on my mind for years. The author's rental van outside of the Native Campervan Denver location. Monica Humphries/Business InsiderUltimately, the van trip led to new experiences and ways to travel for a trip I won't forgetI dropped off my van feeling energized.
Persons: , Monica Humphries, I've, Joshua, Ram, Joshua Tree Organizations: Service, Mercedes, Business Locations: America's, Dublin, Ireland, Sin City, Denver , Colorado, Joshua Tree, California, Paris, Airbnbs, Denver, Palm Springs , California, Utah, Joshua Tree , California, Jerome , Arizona, Taos , New Mexico
Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.
Persons: , Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI
US President Joe Biden speaks alongside Ritika Shah, award-winner of the first-ever National Climate Assessment Art x Climate competition, about his administrations actions to combat climate change in the Eisenhower Executive Office Building adjacent to the White House in Washington, DC, November 14, 2023. The highly anticipated first steps for the American Climate Corps, or ACC, were shared exclusively with NBC News on Tuesday, as the administration seeks to launch the first cohort by next summer. After facing setbacks in Congress, the Biden administration has unlocked funding to launch its American Climate Corps, a new federal program that looks to employ thousands of young Americans in the clean energy, conservation and climate resilience sectors. The White House now hopes to use funds for climate-minded programs across multiple agencies to carry out the vision of the American Climate Corps. Five states — California, Colorado, Maine, Michigan and Washington — have already launched climate corps programs, and the federal program will lean on them as implementing partners.
Persons: Joe Biden, Ritika Shah, Franklin, Alexandria Ocasio, Sen, Ed Markey, Biden, Bernie Sanders, Maggie Thomas, Washington —, hasn't, Thomas, Rosemary Enobakhare, Enobakhare Organizations: White, Civilian Conservation Corps, White House, ACC, Rep, Commerce, Agriculture, Labor, Energy, Environmental Protection Agency, AmeriCorps, American Climate Corps, NBC, U.S . Capitol, Washington, Corps, EPA Locations: Washington , DC, Puerto Rico, Alexandria, Cortez, Washington ,, — California, Colorado , Maine , Michigan
Finding parking spots was easier than I imagined and daily tasks took more time than expected. AdvertisementLike any trip or adventure, I went into my recent 13-day van trip across the American West with expectations, fears, and assumptions. Monica Humphries/InsiderAs I hit the road for my 13-day van trip, I couldn't shake my stress. AdvertisementI feared finding last-minute parking spots would be a nightmare. And out West, I relied on Bureau of Land Management land, which is land free for public use.
Persons: , Monica Humphries, didn't, FreeCampsite.net, van, Joshua, pullouts Organizations: Service, Land Management, Walmart, of Land Management Locations: Joshua Tree , California, La, Arizona
"Since then, the United States has turned ambition into action." On the sidelines of the conference, the United States also unveiled new measures to curb emissions of the powerful greenhouse gas methane from oil and gas operations. That awkward coincidence underscores one of COP28's most contentious questions: Can the world's response to climate change involve continuing use of fossil fuels? Harris told the conference that the United States supports phasing out of "unabated coal" use, but she did not mention other fossil fuels. "We're in a context in which we need to reduce production of fossil fuels and ... we need to be on a path of lower consumption.
Persons: Kamala Harris, Joe Biden, Harris, haven't, aren't, Catherine Abreu, John Podesta, Richard Valdmanis, Valerie Volcovici, Sarah McFarlane, Simon Jessop, Katy Daigle, Kevin Liffey, Diane Craft Organizations: Climate Fund, OPEC, United, UAE, Saturday, Exxon Mobil, Saudi Arabia's Aramco, Oil, Climate Initiative, Reuters, Thomson Locations: DUBAI, United States, Dubai, COP26, America, China, Texas, New Mexico, United Arab Emirates, U.S, Saudi, Ukraine
“We didn’t know how well she was going to do with traveling,” Cate tells CNN Travel. Kid on boardPet goat Frankie spends several months of the year traveling around the US in and Airstream with her owners Cate and Chad Battles. “We’ve been all over the country and we’ll pass someone on a trail and they’ll be like, ‘Is that Frankie?’” Cate recalls. “So it’s really, really funny.”She particularly enjoyed getting the chance to speak with other goat owners to “talk goats,” while appearing on the program. And it ended up working really, really great.
Persons: Frankie, Cate Battles, Chad, who’ve, ” Cate, they’ve, Cate, , “ I’ve, she’d, , they’d, they’d “, Woody Guthrie, Maggie, it’s, they’ll, that’s, “ We’ve, ’ ” Cate, ” Airstream, I’ll, they’re, We’re, haven’t, They’ve Organizations: CNN, CNN Travel, Chad Battles, Argosy, , Discovery Locations: United States, Midwest , Montana , Wyoming, Idaho, Antarctica, Tennessee, Asheville , North Carolina, Chad, Southern Oregon, Western North Carolina, Pacific Northwest, Oregon, Utah, California , Nevada , Arizona, New Mexico, Oklahoma, North Carolina , Kentucky , Ohio , Indiana , Illinois , Iowa, South Dakota, Wyoming, Canada, Arizona, Southern California, Baja , Mexico, Airstream
The Bureau of Land Management is ending the practice of using 'cyanide bombs' to kill species. AdvertisementThe US Bureau of Land Management says it will no longer use spring-loaded traps full of cyanide on its land — a small win for wildlife activists and advocates concerned with pet and human safety. AdvertisementThe M-44 ejector devices that critics call "cyanide bombs" have unintentionally killed thousands of pets and non-predator wildlife, including endangered species, according to the US Department of Agriculture's Wildlife Services. Other federal agencies — including the National Park Service and the Fish and Wildlife Service — already prohibit the devices. Between 2000-16, Wildlife Services reported 246,985 animals killed by M-44s, including at least 1,182 dogs.
Persons: , Mark Mansfield Organizations: Land Management, Service, of Land Management, US Department of Agriculture's Wildlife Services, Associated Press, National Park Service, and Wildlife Service, Forest Service, Services, American Sheep Industry Association, National Cattlemen's Beef Association, Predator Defense, Wildlife Services, BLM Locations: Idaho , Oregon , California, Washington, Idaho, Mansfield, Pocatello , Idaho
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