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No deaths or serious injuries have been reported, Harris County Judge Lina Hidalgo told CNN, adding 153 pets have also been rescued during the deluge. Forecast calls for rain Sunday into MondayMost of the weekend’s rain fell over western and central Texas, but there’s a significant chance of heavier rain in the greater Houston area Sunday. An additional 1 to 3 inches of rainfall possible by Monday morning, according to the Houston National Weather Service office. Rainfall today will continue to exacerbate existing river flooding,” warned the Houston weather service office. The weather service listed some of the rainfall totals it collected:Groveton, TX- 23.56”Huntsville, TX- 21.76”Splendora, TX- 21.01”Willis, TX- 20.75”Livingston, TX- 18.42”There is relief on the horizon, however.

Persons: Lina Hidalgo, It’s, ” Hidalgo, “ We’re, Brent Taylor, CNN’s Amara Walker, “, ” Taylor, “ There’s, ‘, I’m, ”, Willis, Hurricane Harvey, Jason Fochtman, ” Emmitt Eldridge, ” Sherri Pegoda, Walker, Greg Abbott Organizations: CNN, Houston Office, Emergency Management, Houston Police, Houston Fire, Houston Public Works Department, Houston National Weather Service, Houston, Panhandle, West Lake Houston, Houston Chronicle, Texas, Gov Locations: South Texas, Harris County , Texas, Houston, Harris, City, Texas, , TX, Huntsville , TX, TX, Willis , TX, Livingston , TX, Gulf, East Texas, Hurricane, Lake Houston, West Lake, Kingwood, Atascocita, Kingwood , Texas, San Jacinto, Walker County, Polk County, Montgomery counties

☆ A San Francisco neighborhood threw a mini-festival to celebrate a public toilet that cost $200,000 instead of $1.7 million
▼ + stars: | 2024-04-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

San Francisco celebrated a new public loo with a mini-carnival complete with games, lemonade, and a live band. The public toilet initially cost $1.7 million with a multi-year deadline but had its price slashed to $200,000. AdvertisementThe scandal over a public toilet in San Francisco that cost $1.7 million has ended in celebration after the new loo opened on Monday with a much-discounted price tag of $200,000. That's according to The New York Times, CBS News, and The San Francisco Chronicle, who sent reporters down to the toilet's launch in the Noe Valley Town Square. AdvertisementCity officials said they were weighed down by high construction costs in San Francisco, as well as the need for environmental reviews and checks from multiple commissions.

Persons: —, Mario, Luigi, Leslie Crawford, Gavin Newsom, Chad Kaufman, Vaughn Buckley, Buckley, San Francisco Mayor London Breed Organizations: Service, The New York Times, CBS News, San Francisco Chronicle, Residents, People, NYT, CBS, SF Chronicle, San, Chronicle, California Gov, Company, San Francisco Mayor London Locations: Francisco, San Francisco, Noe, California, Nevada, Pennsylvania, Kaufman

☆ Keith Haring’s Legacy Is Not Found at the Museum
▼ + stars: | 2024-04-17 | by ( Max Lakin | ) www.nytimes.com time to read: +2 min

In their eyes I don’t exist.’”Haring’s frustration surely feels surprising for anyone who is familiar with his work, which is mostly everyone. You needn’t be able to name a Keith Haring picture to recognize it; its vibrating line and electric palette announce itself as efficiently as a neon sign. And it is more so now, 34 years after his death, in 1990 at the age of 31, as his work continues to permeate contemporary art. In his short but intense career, Haring’s pulsating figures became an inextricable part of New York City life, like ancient hieroglyphics that weren’t as much drawn as unearthed. And yet the most likely place you’ll encounter it now is still not the museum, but the mall, which was his own doing.

Persons: Keith Haring, ” Brad Gooch’s, Haring, ”, needn’t Organizations: Museum of Modern Art, Swatch, Medical Locations: New York City, East Harlem

one of the deadliest wildfires in decades ripped through Chile’s coastal cities of Vina Del mar and Quilpué. Weeks later, some residents and firefighters questioned whether a lack of water to fight the fast moving wildfire contributed to the high death toll. Rodrigo Mundaca, one of Chile’s staunchest water rights advocates, is currently governor of the region where the wildfire hit. In march, Chile’s Congress said it would investigate the handling of the wildfire, including a lack of evacuation plans and lack of water to hydrants. And the country’s Ministry of Public Works is investigating specific complaints that Esval fall failed to provide adequate water to combat the wildfire.

Persons: Weeks, New York Times ’, Rodrigo Mundaca, Vina Del Mar’s, Ariel Orellana’s mother’s, Daniel Garín Organizations: Vina Del, New York Times, Ministry, Public Locations: Vina, Chile, Vina Del Mar’s El Olivar, Quilpué

WASHINGTON (AP) — Jack Lobel is a college sophomore who will be voting in his first presidential election this fall, casting a ballot for Joe Biden. “If age were really a concern we would not see this much energy around these groups," said Lobel, an urban studies major in New York. “President Biden comes before midterms and exams and papers,” Lobel said, only half-joking. The groups' affinity for the president is little surprise given that young people tend to be more left-leaning than many other voting blocs. Still, it may soften the blow of many voters' concerns about Biden's age.

Persons: Jack Lobel, Joe Biden, isn't, Lobel, “, Biden, ” Lobel, Donald Trump, Trump, he's, “ Young, Biden’s, Julie Chavez Rodriguez, Jr, ”, gaffes, Barack Obama, Aalayah, ” Eastmound Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, The Associated Press, Tomorrow, NextGen PAC, Newtown Action Alliance, America, Young Democrats of America , College Democrats of America, Democratic Youth Coalition, Grassroots Dems, High School Democrats, Biden, Trump, Republicans, PAC, Parkland, Team Locations: New York, Florida

☆ The Absurd Problem of New York City Trash
▼ + stars: | 2024-03-02 | by ( Emily Badger | Larry Buchanan | ) www.nytimes.com time to read: +30 min

In New York City, trash has no dedicated space all its own. The Absurd Problem of New York City Trash And the Trade-Offs Required to Fix ItConsider the ubiquitous New York trash bag. The prospect has prompted much snickering: New York’s big idea to clean up trash is to … put it in trash bins? New York City Municipal Archives1913: A century in the past, but the same problems as today. New York City Municipal ArchivesBut those cans overflowed to horrifying effect during the 10-day strike:When New York streets resembled landfills.

Persons: …, that’s, ” Anthony Crispino, “, ” Cole Stallard, Stallard, Gerard Koeppel, Oscar, Neal Boenzi, New York Times Garbage, Larry C, Morris, Meyer Liebowitz, Rudy Giuliani, ‘, ”, Norman Steisel, Eric Adams, Jessica Tisch, Tisch, Hiroko Masuike, Ms, there’s, It’s, ” Harry Nespoli, workarounds, Martin Melosi, Clare Miflin, Miflin, don’t, Benjamin Miller, Martin Robertson, ” Mr, Robertson Organizations: Sanitation Department, New York City Municipal, New York Times, York’s Sanitation Department, Department, York City Municipal, District of Columbia Department of Public, New York, New York Public, The New York Times, City Hall, Avenue, West 22nd, West, Eighth, 21st, West 21st, Bronx Manhattan Queens, Financial, Center, Zero Locations: New York City, stairwells, York, New York, York City, Amsterdam, Barcelona, Berlin, Washington, Houston, what’s, Chelsea, Erie, Manhattan, ”, New Yorkers, Staten Island, New, East, Bronx, Bronx Manhattan Queens Brooklyn Staten Island, European, Harlem, New York . New York, Relatedly, Brooklyn

Everything from banana peels and used coffee grounds to yard waste and soiled paper products like pizza boxes counts as organic waste. In Southern California, the nation’s largest facility to convert food waste into biogas has filed for bankruptcy because it’s not getting enough of the organic material. About three-quarters of communities are currently collecting organic waste from homes, said Rachel Machi Wagoner, CalRecycle’s director. CalRecycle hasn't tallied data yet on how much organic waste was diverted from landfills in 2023. Jurisdictions reported diverting 11.2 million tons (10.1 million metric tons) of organics at the end of 2022, up from 9.9 million tons (8.9 million metric tons) the prior year, Wagoner said.

Persons: it’s, ”, Coby Skye, Rachel Machi Wagoner, “, CalRecycle hasn't, Wagoner, Gabe Gonzales, Manuel Medrano, Medrano, Cody Cain, Agromin, we'll, Cain, Yaniv Scherson, Heidi Sanborn, “ We're, We're, Sanborn Organizations: Los Angeles County Public, “, Anaergia Inc, Sanitation & Environment, Stewardship Action Locations: CHULA VISTA, Calif, California, Southern California, Los, America, Otay, Chula Vista, San Diego County, Rialto, Angeles

☆ Winter Storm New York and New England Brace for Powerful Nor’easter
▼ + stars: | 2024-02-13 | by ( Mike Ives | Isabella Kwai | ) www.nytimes.com time to read: +5 min

The wintry mess left both parties racing to rewrite last-minute campaign plans and sophisticated models to understand how the storm might affect turnout. But many Republican voters still prefer to vote on Election Day, and their party is accustomed to closing a gap. The party has won nearly every major election on Long Island since 2021, partly on the strength of its turnout operation. Peter T. King, a former Republican congressman, conceded that the snow could cost his party a couple of percentage points. Still, he predicted that the recently revived Nassau County Republican machine was up to the task.

Persons: Stephanie Keith, Dave Sanders, The New York Times Stephanie Keith, The New York Times Tom Suozzi, Mazi Pilip, George Santos, ” Steve Israel, ”, Biden, Santos, Tom Suozzi, Suozzi, Mazi, “, ” Jay Jacobs, Peter T, King, committeemen, Suozzi’s, haven’t, Mr, Jacobs, Delia DeRiggi, Bruce Blakeman, Blakeman, Ellen Yan Organizations: The New York Times, The New York Times Credit, Democrat, Republican, Queens and, Republicans, Democratic, Mr, Democratic Party, Nassau County Republican, Legislature Locations: Nassau, New York, Queens and Long, New York City, Long, Nassau County, North Shore, Whitton

COLUMBIA, S.C. (AP) — Clemson football coach Dabo Swinney, South Carolina football coach Shane Beamer and Coastal Carolina football coach Tim Beck all came together at the Statehouse to urge lawmakers to pass a law allowing their schools to directly compensate their athletes. The call for name, image and likeness legislation came Tuesday in a South Carolina House education committee hearing. They packed the hearing room, and South Carolina women's basketball coach Dawn Staley and men's basketball coach Lamont Paris prowled the halls of the House's office building to meet with legislators before the meeting started. The bill would overhaul a law passed a few years ago when name, image and likeness laws were just starting. The bill is also needed for lesser known, smaller teams, Coastal Carolina women's basketball coach Kevin Pederson said.

Persons: Dabo Swinney, Shane Beamer, Tim Beck, Dawn Staley, Lamont Paris, Swinney, Beamer, Shannon Erickson, ” Beamer, Kevin Pederson, ” Pederson, Anderson, Beck Organizations: COLUMBIA, — Clemson, Coastal Carolina, Statehouse, South Carolina House, South Carolina women's, men's, NCAA, Republican House Education, Public, Coastal, Republican Locations: South Carolina, South, Beaufort, Coastal Carolina, Cromer

Homeless people and their advocates say the sweeps are cruel and a waste of taxpayer money. The AP submitted data requests to 30 U.S. cities regarding encampment sweeps and received at least partial responses from about half. “Unfortunately, it’s becoming a way of life, and that is 100% incorrect.”For homeless people, sweeps can be traumatizing. But never an end solution.”There are many reasons why someone might reject shelter, say homeless people and their advocates. We’re walking around saying, ‘What do you need?’”In Portland, the encampment dismantled in July was cleared again, in September and November.

Persons: Will Taylor, ”, Taylor, he's, …, ” Angelique Risby, it’s, Gavin Newsom, Newsom, David Sjoberg, ” David Ehler Jr, Crews, Sara Angel, “, Masood Samereie, ” Samereie, Roxanne Simonson, Sam Dodge, Dodge, Michael Johnson, aren't, Charise Haley, “ There’s, pare, Francis Zamora, Zamora, Brad Lander, ” Lander, Eric Adams, Charles Lutvak, Lutvak, Danielle Werder, Kieran Hartnett, who's, ____ Har, Casey, Thomas Peipert, Angeliki Kastanis, Christopher Weber Organizations: Contractors, U.S, The Associated Press, American Civil Liberties Union, Democratic, Republican, Supreme, ACLU, Northern, Politico, AP, San, Police, Public Works, Department of Emergency Management, Democratic New York City Locations: PORTLAND, Portland, West Coast, Los Angeles, New York, U.S, Phoenix, Las Vegas, Minneapolis, Miami, Albuquerque, Anchorage, Boulder , Colorado, California, San Francisco, Northern California, Denver, Connecticut, Colorado, “, New York City, Hennepin County, Boston

Labor union leaders said Thursday they are paying close attention to what the libertarian president-elect says and what they are hearing is in opposition to their interests. “In the moment they move forward with reforms related to labor rights, both individual and collective, and when the labor organizations affected by these adjustments request it, the CGT will take a stance,” Dear said. “We expect absolutely nothing from Javier Milei.”Catalano was one of the representatives of labor unions and social organizations who joined the Mothers of Plaza de Mayo in their weekly march in downtown Buenos Aires Thursday. There’s also concern among human rights organizations about a potential setback in policies that allowed for the prosecution of perpetrators of crimes against humanity during the dictatorship. Leaders of leftist social organizations also held a meeting Thursday to discuss their response to Milei’s policies and “a plan for struggle against austerity” that will involve street protests.

Persons: Javier Milei, ” Héctor, Pablo Biró, Milei, ”, ” Daniel Catalano, ” Catalano, There’s, “ it’s, Nicolás Saldías, ” Sadias, —, Débora Rey Organizations: Labor, Confederation, Airline Pilots Association, Aerolineas Argentinas, Milei, State Workers ’ Association, de Mayo, Economist Intelligence, Latin, Associated Press Locations: BUENOS AIRES, Argentina, “, Buenos Aires, Latin America, Caribbean, ” Argentina

White House press secretary Karine Jean-Pierre said the president's age should not be a primary focus. “What we say is we have to judge him by what he’s done, not by his numbers,” Jean-Pierre said. “I would put the president’s stamina, the president’s wisdom, ability to get this done on behalf of the American people, against anyone. Political Cartoons View All 1260 Images“By the way, it’s my birthday today,” Biden told a crowd on the White House South Lawn as he pardoned Thanksgiving turkeys Liberty and Bell. Jean-Pierre said Monday that the Bidens would spend the president's birthday as they traditionally have, with a family gathering for Thanksgiving on Nantucket, and that they planned to have coconut cake, another tradition.

Persons: Joe Biden, Karine Jean, Pierre, it’s, ”, Biden, he’s, ” Jean, Pierre said, “, ” Biden, Donald Trump, Trump, —, Bruce A, Aronwald, David Axelrod, Barack Obama, ” Axelrod, Maureen Dowd, They’ve, Hillary, Hillary Clinton, Jean, ” “ I'm, “ It's, “ We’re, Jill Colvin Organizations: WASHINGTON, White, U.S, Bell, Associated Press, NORC, for Public Affairs Research, New York Times, Trump Locations: Ukraine, Israel, U.S, New Jersey, Nantucket, New York

☆ Robert Moses Put Monkeys in a Park in Harlem. They’re Finally Gone.
▼ + stars: | 2023-11-18 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

At first glance, the metal trellis adorning a public bathroom in a playground in Riverside Park may have appeared innocuous. And the park, known as the Ten Mile River Playground, was located in Harlem, a predominantly Black neighborhood — a fact that seemed to many to be beyond coincidence. Shiloh Frederick, a content creator who focuses on New York City history, first learned of the monkeys while reading “The Power Broker,” Robert A. Caro’s seminal 1974 biography of Robert Moses, the parks commissioner who transformed the city through public works projects. Mr. Moses oversaw an expansion of Riverside Park in the 1930s. Mr. Caro wrote that Mr. Moses was known for adding details that made his projects “fit in with their setting,” generally with an eye to making people feel “at home.”

Persons: Shiloh Frederick, ” Robert A, Robert Moses, Moses, Caro, “, ” Locations: Riverside, Harlem, New York City

☆ 10 rattiest cities in America in 2023, according to pest control experts
▼ + stars: | 2023-11-17 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Orkin released their 2023 list of rattiest cities in America. Each year the pest control company Orkin ranks America's rattiest cities based on the number of new rat treatments, including residential and public, it performed there over the year. Orkin was so excited by this back-to-back winner that they released limited edition T-shirts emblazoned with the title "Top Rattiest City Chicago 2023". "We may soon be moving farther down the 'rattiest' city list," Johnson said. We're way outnumbered," Janelle Iaccino, marketing director for Rose Pest Control in Chicago, told Block Club.

Persons: Orkin, —, What's, Gerard Brown, Georgette Johnson, Johnson, Maiya, Amber Campbell, Brown, Robert Mecea, Leonardo Munoz, Janelle Iaccino Organizations: Service, City, Chicago, Chicago Los Angeles New, Chicago Los Angeles New York City Washington D.C, San Francisco Philadelphia Baltimore Denver Detroit, New, Washington DC, DC Health, Detroit, city's Department, Public, Denver Department of Public Health, Environment, Baruch, Block Club Chicago, WGN, Rose Pest, Block Locations: America, New York, United States, America's, Chicago Los, Chicago Los Angeles New York City, San Francisco, San Francisco Philadelphia Baltimore Denver Detroit Cleveland, Detroit, Denver, New York City, Cleveland, Los Angeles, Baltimore, Philadelphia, Chicago

☆ Gaza war inflicts catastrophic damage on infrastructure and economy
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

In all, it said at least 45% of Gaza's housing units had reportedly been damaged or destroyed. It was impossible to independently verify the numbers, but Reuters reporters in Gaza say the destruction is on a huge scale. OCHA said 55 ambulances in Gaza had been damaged, with critical shortages reported of drugs and blood products. The socio-economic situation of Gaza was already dire before the war, with the poverty rate estimated to have reached 61% in 2020. They also forecast that the war would cost Gaza between 4% and 12% of gross domestic product in 2023.

Persons: OCHA, Khan Younis, Crispian Balmer, Giles Elgood, Gareth Jones Organizations: United Nations Office, Humanitarian Affairs, Gaza's Ministry of Health, Palestinian, Hamas, Israel Defense Forces, REUTERS Acquire, UNRWA, United Nations Economic, Social Commission, Western, United Nations Development Programme, Thomson Locations: Gaza, Israeli, Beit Hanoun, Palestinian, ISRAEL, Khan, Israel, Western Asia

Which is stronger will tip the balance of the South American country's presidential election on Sunday and may reshape its diplomatic ties, economic future, and the wider region's political fault lines. 'NOT MY FIRST CHOICE'Neither Massa or Milei goes into the second round with a strong mandate. "For me, neither of them represents the hopes that I have for the future of the country. This would likely put a brake on more radical reforms and force Massa or Milei to moderate. The powerful regional governors are also split between the Peronists and the main conservative coalition, with none allied to Milei.

Persons: Javier Milei, Matias Baglietto, Sergio Massa, Massa, Donald Trump, Raquel Pampa, " Massa, Fernando Pedernera, Milei's, Mario Vargas Llosa, Milei, Nicolas Troitino, Valentina, Gonzalo, Benjamin Gedan, Wilson, Adam Jourdan, Horacio Soria, Rosalba O'Brien Organizations: Argentine, REUTERS, American, International Monetary Fund, Mercosur, Massa, Milei, America, Thomson Locations: Cordoba, Argentina, BUENOS AIRES, Buenos Aires, China, Brazil, Mexico, Spain, Chile, Colombia

Some leading Republicans, including former President Donald Trump, opposed the law or now want to cut money for infrastructure services. Political Cartoons View All 1237 ImagesThere are almost 450 port and waterway projects and 190 to improve airport terminals. Trump, the front-runner for the Republican presidential nomination, has disparaged the infrastructure package and Republicans lawmakers who backed it. Biden has joked about Trump holding “infrastructure week” events during his presidency but never managing to sign an infrastructure law. Landrieu said projects already underway have helped spur about $615 billion in private sector manufacturing and clean energy investments nationwide.

Persons: —, Biden, Joe Biden, Mitch Landrieu, Donald Trump, Landrieu, Andy Beshear, Jeff Zients, ” Biden, I’m, Ron DeSantis, he'd, ” Organizations: WASHINGTON, Boston's Logan International, Democratic Gov, Republican, Trump, Amtrak, Florida Gov, Republicans, New Locations: Montgomery, Cincinnati, Baltimore, New York City, Washington, United States, Florida, New Orleans, Alaska

Energy Secretary Jennifer Granholm will be in Arizona to talk about power grid and clean energy investment in the rural Southwest. Veterans Affairs Secretary Denis McDonough plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Health and Human Services Secretary Xavier Becerra will be in North Carolina talking about health care access in rural areas. Acting Labor Secretary Julie Su will be in Pennsylvania to discuss boosting employment opportunities in rural areas. U.S. Trade Representative Katherine Tai will head to Indiana to discuss how international trade can benefit rural farmers and producers.

Persons: Joe Biden, Dean Phillips of, Biden, Phillips, Tom Vilsack, White, Vilsack, Deb Haaland, Jennifer Granholm, Denis McDonough, Isabel Guzman, Miguel Cardona, Xavier Becerra, Julie Su, Katherine Tai Organizations: WASHINGTON, Democratic Rep, Dean Phillips of Minnesota, Administration, White, Smart Commodities, Agriculture Department, Farmers of, Energy, Southwest . Veterans, Small Business Administration, Education, Human Services, Labor, U.S . Trade Locations: Minnesota, America, Indiana, Farmers of America, Wyoming, Colorado, New Mexico, Arizona, Southwest, Iowa, Georgia, New Hampshire, North Carolina, Pennsylvania, U.S

☆ China set to approve $137 bln in extra sovereign debt on Tuesday -sources
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 23 (Reuters) - China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth, three sources told Reuters. China's top legislators, the standing committee of the National People's Congress (NPC), are set to approve the extra debt issuance on the last day of a meeting which has run from Oct. 20 to Oct. 24, said the sources, who declined to be named due to confidentiality constraints. But its ability to spur growth has been hamstrung by fears over debt risks and a fragile yuan. ($1 = 7.3171 Chinese yuan renminbi)Reporting by Reuters staff; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Typhoon Doksuri, Alexander Smith Organizations: REUTERS, Reuters, National People's Congress, Information Office, NPC, Ministry of Finance, Thomson Locations: China, Beijing, Hebei, China's

☆ China's Q3 GDP growth, Sept activity show economic recovery gaining momentum
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +3 min

On a quarter-by-quarter basis, GDP grew 1.3% in the third quarter, accelerating from a revised 0.5% in the second quarter and above the forecast for growth of 1.0%. "It seems that all of that stimulus is finally beginning to take effect, with a broad beat from growth, retail sales, industrial production and unemployment," said Matt Simpson, senior market analyst at City Index in Brisbane. The economy faltered in the second quarter after a brief post-COVID recovery, dragged by a property downturn and huge debt due to a decades-long infrastructure binge. The recovery momentum suggests the government's full year 2023 growth target of around 5.0% is likely to be achieved. Growth of retail sales, a gauge of consumption, also beat expectations, rising 5.5% last month, and accelerating from a 4.6% increase in August.

Persons: Tingshu Wang, Matt Simpson, Zhiwei Zhang, Ellen Zhang, Joe Cash, Kevin Yao, Shri Navaratnam Organizations: REUTERS, Gross, National Bureau, Statistics, Index, Analysts, Thomson Locations: Beijing, China, BEIJING, Brisbane

☆ Wall Street brokerages raise China's 2023 economic growth forecast
▼ + stars: | 2023-10-18 | by ( Susan Mathew | ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File photo Acquire Licensing RightsOct 18 (Reuters) - JP Morgan, Citigroup and Nomura on Wednesday lifted their forecast for China's economic growth for the year following upbeat data, but highlighted the need for more stimulus. Citigroup now expects China's GDP to grow 5.3% in 2023 from 5% earlier, while JP Morgan and Nomura see it at 5.2% and 5.1%, respectively. JP Morgan expects the economic momentum to persist in the coming months. Since the 5% growth target looks achievable, policy space could be saved for next year, Zheng said. JP Morgan expects China's potential growth coming down faster than initially expected in 2024 and 2025 to a range of 4%-4.5% and 3.5%-4%, respectively.

Persons: Thomas Peter, JP Morgan, Nomura, Goldman Sachs, Haibin Zhu, Morgan Stanley, Jenny Zheng, Zheng, Albee Zhang, Susan Mathew, Christian Schmollinger, Eileen Soreng Organizations: REUTERS, Citigroup, Nomura, Thomson Locations: Beijing, China

☆ China's Q3 GDP seen slowing as Beijing races to revive growth
▼ + stars: | 2023-10-17 | by ( Kevin Yao | ) www.reuters.com time to read: +3 min

Gross domestic product (GDP) likely grew 4.4% in July-September from a year earlier, according to economists polled by Reuters, slowing from the 6.3% pace in the second quarter. Separate data on September activity is expected to show retail sales growth picking up but factory output slowing. Economic growth is seen hitting 5.0% this year, according to the poll, broadly in line Beijing’s full-year target, before slowing to 4.5% in 2024. For its part, the central bank is constrained by how much it can ease monetary policy due to worries about adding pressure on the yuan, which has tumbled 5.7% this year. The central bank cut the RRR in September to boost liquidity and support the economic recovery, its second reduction this year.

Persons: Thomas Peter, ”, Ting Lu Organizations: Central Business District, REUTERS, Gross, Reuters, Nomura Locations: BEIJING, Beijing, China

☆ China’s Economy Gets a Boost From Beijing, but Housing Woes Persist
▼ + stars: | 2023-10-17 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s economy grew more than expected over the summer, though the real estate market continued to weaken, as the government and the banks it controls poured money into infrastructure and new factories. Data released on Wednesday showed that economic output increased from July through September compared with the prior three months. Over the past year and a half, China’s economy, the world’s second largest, has struggled. In the third quarter — from July through September — the gross domestic product grew 1.3 percent when compared with the three previous months, China’s National Bureau of Statistics said. For the second quarter, however, economic growth was revised down to 0.5 percent.

Organizations: Housing, China’s National Bureau of Statistics

☆ New York City unveiled a new plan to use AI to make its government work better
▼ + stars: | 2023-10-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

New York City released its Artificial Intelligence Action Plan on Monday. AdvertisementAdvertisementNew York City on Monday released a plan for how to responsibly adopt and regulate artificial intelligence to "improve services and processes across our government." New York City is "not running away from AI," Mayor Eric Adams said on Monday. Currently, nearly a dozen city agencies use over 30 algorithmic tools, around which the city said it will establish new policies. New York City has also used AI at some subway stations to track fare evasion patterns.

Persons: —, Eric Adams, Adams, That's, MyCity, Stefaan Organizations: Intelligence, Service, New York University, Bloomberg Locations: York City, York, New York, New York City

TAIPEI, Taiwan (AP) — Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s economic and diplomatic support for Moscow during its war in Ukraine. China has sought to balance its ties with Israel with its economic relations with Iran and Syria, which are strongly backed by Russia. Putin’s visit is also a show of support for Chinese leader Xi Jinping’s signature Belt and Road drive to build infrastructure and expand China’s overseas influence. “I don’t expect that Russia and China will create a military alliance,” Gabuev said. China and the former Soviet Union were Cold War rivals for influence among left-leaning states, but have since partnered in the economic, military and diplomatic spheres.

Persons: Vladimir Putin, Putin’s, Xi, Putin, ”, ” Putin, ” Alexander Gabuev, that’s, ” Gabuev, “, Beijing's, hasn't Organizations: Moscow, Soviet Union, Carnegie Russia Eurasia Center, Ukraine, Associated Press, International Locations: TAIPEI, Taiwan, Beijing, Ukraine, United States, Israel, China, Iran, Syria, Russia, Russian, Zambia, Sri Lanka, Moscow, Central Asia, “, Asia, Europe, Cold

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