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The projects will cost nearly $298 million and are designed to protect some of the region's most vulnerable communities. Both projects were formulated by the group Rebuild By Design, which was initiated by the U.S. Department of Housing and Urban Development in 2013, and New Jersey environmental officials. It calls for building 9,000 linear feet (about 1.7 miles or 2.7 kilometers) of flood walls, installation of flood gates and construction of berms and levees. They include planting more grass, trees and vegetation in urban areas to absorb rainfall and allow less runoff to flood streets and storm sewers. And as big as they are, the two projects starting Wednesday pale in comparison to huge flood control efforts being contemplated by the federal government.

Persons: Sandy ’, ”, Amy Chester, Hudson, Sandy, It's, Chester, Wayne Parry Organizations: U.S . Department of Housing, Urban Development, Hudson, Meadowlands, Twitter Locations: HOBOKEN, N.J, New Jersey, New York City, Hoboken, Meadowlands, New Jersey , New York, Connecticut, Jersey City, Weehawken, Manhattan, Little Ferry, Hackensack, Carlstadt, New York, www.twitter.com

☆ US companies face less pressure for climate and social reforms
▼ + stars: | 2023-06-09 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

REUTERS/Jeenah MoonJune 9 (Reuters) - Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms' voting. Support for resolutions on social issues fell to 20% this year so far, from 26% in 2022 and 33% in 2021, Georgeson said. He declined to discuss specific companies, but his description fit results like at major U.S. banks that defeated calls to wind down financing for major fossil fuel projects. "These dynamics have led to an overall decline in investor support for environment and social shareholder proposals," Colton said. Both have previously said they vote on a case-by-case basis and noted an increasing number of proposals affect support rates.

Persons: Russell, Georgeson, Kilian Moote, ESG, Sow, Andrew Behar, Ford, Behar, Benjamin Colton, Colton, Scott Shepard, Ross Kerber, Sabrina Valle, Lincoln Organizations: New, REUTERS, Ford, eBay, Exxon, Street Global Advisors, BlackRock, Vanguard, Center for Public Policy Research, IBM, National Center, Thomson Locations: New York City, Manhattan, Weehawken , New Jersey, U.S, China, Houston

☆ Making money as a startup is hard, so these New Jersey companies are selling their financial losses in exchange for millions in cash
▼ + stars: | 2023-06-01 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The state of New Jersey offers a unique program that allows startups in the state to sell those losses for cash. To date, TrueFort has pulled in $20 million through a New Jersey program for startups. Those companies can then deduct those losses from their taxable income, cutting the amount of money they pay in taxes. The NOL program is especially popular among biotech businesses like Lisata, which are characterized by large R&D expenses and unpredictable paths to profitability. The NOL program is part of a suite of programs designed to support New Jersey startups.

Persons: Sameer Mahorta, TrueFort, Malhorta, David Mazzo, Mazzo, Lisata, Mahorta Organizations: Partners, Shasta Ventures, New, New Jersey Economic Development Authority, state's Technology, Bank of America, NOL, Garden State Locations: New Jersey, Weehawken, Silicon, Garden

☆ If You Want to Sell a Home, Put Gas Stove in the Listing
▼ + stars: | 2023-01-23 | by ( Veronica Dagher | ) www.wsj.com time to read: 1 min

On the question of which type of stove is best for your open house, real-estate agents say there is a clear winner: Gas fuels home sales. Home buyers prefer gas ranges because they say food cooked over flames heats more evenly and tastes better than when done on a traditional electric stove, said Damien Rance , a Realtor in Weehawken, N.J. A gas range may slightly boost a home’s value, especially if the stove’s overhead exhaust vents, said Realtors from across the country.

☆ Gas Stoves Sell Homes, Realtors Say
▼ + stars: | 2023-01-23 | by ( Veronica Dagher | ) www.wsj.com time to read: 1 min

On the question of which type of stove is best for your open house, Realtors say there is a clear winner: Gas fuels home sales. Home buyers prefer gas ranges because they say food cooked over flames heats more evenly and tastes better than when done on a traditional electric stove, said Damien Rance , a Realtor in Weehawken, N.J. A gas range may slightly boost a home’s value, especially if the stove’s overhead exhaust vents, said Realtors from across the country.

FAA officials said a preliminary review traced the outage to a damaged database file, but added there was no evidence of a cyberattack and the investigation was continuing. FAA officials said they were working to "further pinpoint the causes" so the problem can be avoided in the future. One issue airlines are facing is trying to get planes in and out of crowded gates, which is causing further delays. He described confusion as airline employees and many passengers were initially unaware of the FAA's moves and flight delays. The U.S. Travel Association, which represents the travel industry including airlines, called the FAA system failure "catastrophic."

Millions of Americans are expected to hit stores on Black Friday weekend as they return to pre-pandemic routines. But concerns about inflation and the economy hang over the 2022 holiday season. Many big retailers have said that they are sitting on excess goods as shoppers have pulled back on some purchases amid high gas, food and housing costs.

☆ U.S. home heating bills expected to surge this winter - EIA
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

The Skyline of New York City is seen covered by clouds during the pass of a winter storm as it is seen from Weehawken, New Jersey, U.S., February 25, 2022. The average cost for a home with gas last winter was $724, far cheaper than other major sources of heat. U.S. gas prices at the Henry Hub benchmark were up about 75% so far this year as soaring global gas prices feed demand for U.S. exports due to supply disruptions and sanctions linked to Russia's Feb. 24 invasion of Ukraine. It is more expensive than gas at an estimated $1,359 per household this coming winter - but that represents a more modest 10% increase from last winter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott DiSavino Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. home heating bills expected to surge this winter -EIA
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Nearly half of U.S. households rely on natural gas for heat, with the average winter heating cost expected to rise to $931, up by 28% from last year, EIA said. The average cost to heat a home with gas last winter was $724, far cheaper than other major sources of heat. It is more expensive than gas at an estimated $1,359 per household this winter - but that is just a 10% increase from last winter. Homes that rely on heating oil are concentrated in the Northeast, while the biggest propane users are in the Midwest. That compares with last winter's residential costs of $13.02/mcf for gas, $2.30-3.33 per gallon for propane, 14.0 cents per kWh of electricity and $3.90 per gallon for heating oil.

☆ New York still top, Moscow sinks in finance centre ranking
▼ + stars: | 2022-09-22 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

A view of the New York City skyline of Manhattan and the Hudson River during the outbreak of the coronavirus disease (COVID-19) in New York City, as seen from Weehawken, New Jersey, U.S. April 18, 2020. REUTERS/Jeenah Moon/File PhotoLONDON, Sept 22 (Reuters) - New York remains far and away the world's most favoured financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centres Index (GFCI) showed on Thursday. Register now for FREE unlimited access to Reuters.com RegisterGFCI Main Rankings September 2022New York has held the top position among global financial centres ranked by GFCI for four years, overtaking London. Britain's new Prime Minister Liz Truss wants to 'unshackle' the UK financial sector from rules which date to when the country was in the European Union in order to increase London's attraction as a global financial centre. New York, San Francisco and Los Angeles topped GFCI's separate fintech sector ratings, with London fourth and Shanghai fifth.

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