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The Missing $1 Trillion
  + stars: | 2024-04-18 | by ( David Gelles | Manuela Andreoni | ) www.nytimes.com   time to read: +1 min
Discussions about how to reform lumbering multilateral bureaucracies can get tedious quickly. How to make more money available for developing nations that are being battered by extreme weather? And how to make sure poor countries don’t spend too much money servicing their debt? Experts estimate that at least $1 trillion a year is needed to help developing countries adapt to hotter temperatures and rising seas, build out clean energy projects and cope with climate disasters. “For many countries, they will only be able to implement strong new climate plans if we see a quantum leap in climate finance this year,” Simon Stiell, the United Nations climate chief, said in a speech last week.
Persons: ” Simon Stiell Organizations: World Bank, International Monetary Fund, United Nations Locations: United
The 13-year group, known as Brood XIX, or the Great Southern Brood, is the largest periodical cicada brood, stretching across the southeastern United States. The Northern Illinois Brood, or Brood XIII, emerges every 17 years. Periodical cicadas are smaller and mostly black, with bright red eyes and orange-tinged wings and legs. Billions of cicadas are expected this spring as two different broods — Broods XIX and XIII — emerge simultaneously. However, predictions of a cicadapocalypse — in which Brood XIII and Brood XIX show up at the same place at the same time — are probably an exaggeration.
Persons: hasn’t, Thomas Jefferson, , , , Jonathan Larson, don’t, XIII —, Jason Bergman, ” Larson, We’re, Chris Simon, XIII haven't, Chip Somodevilla, Larson, Cheney Orr, ” Simon, Kate Golembiewski Organizations: CNN, Southern, Northern Illinois, University of Kentucky, Midwest, University of Connecticut, Reuters Locations: United States, Indianapolis, Northern Illinois, Wisconsin, Iowa, Indiana, Illinois, Missouri, Kentucky , Tennessee, Virginia, Maryland, North Carolina, South Carolina , Georgia, Alabama , Mississippi, Louisiana, Arkansas, Columbia , Maryland, America, Chicago
That’s added as much as two weeks to a typical East-to-West journey for container ships, and 18 days for slower bulk carriers and tankers. Global container shipping costs are less than half their level during the coronavirus pandemic, which peaked at $10,380 in September 2021. Even so, he said, container shipping is “very cost-effective” as many goods can be packed into a single shipping container. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea on November 20, 2023. Fewer oil tankers have avoided the Red Sea than container ships, which the Houthi militants more closely identify with Western countries allied with Israel.
Persons: Richard Meade, Tesla, Peter Sand, Good Hope, That’s, , Lloyd —, , ” Simon MacAdam, ” Maersk, Meade Organizations: London CNN —, Hamas, Lloyds, CNN, Maersk, Hapag, Carriers, Global, Container, Capital Economics, Organisation for Economic Co, Development, Galaxy Leader, Houthi Military Media, Reuters Locations: Iran, Suez, Asia, Europe, Germany, Swedish, Africa, South Africa’s, Good, Sand, Vietnam, Drewry, Shanghai, China, Rotterdam, Netherlands, Xeneta, Israel, United States, Canada
The 13-year group, known as Brood XIX, or the Great Southern Brood, is the largest periodical cicada brood, stretching across the southeastern United States. The Northern Illinois Brood, or Brood XIII, emerges every 17 years. Periodical cicadas are smaller and mostly black, with bright red eyes and orange-tinged wings and legs. Billions of cicadas are expected this spring as two different broods — Broods XIX and XIII — emerge simultaneously. However, predictions of a cicadapocalypse — in which Brood XIII and Brood XIX show up at the same place at the same time — are probably an exaggeration.
Persons: hasn’t, Thomas Jefferson, , , , Jonathan Larson, don’t, XIII —, Jason Bergman, ” Larson, We’re, Chris Simon, XIII haven't, Chip Somodevilla, Larson, Cheney Orr, ” Simon, Kate Golembiewski Organizations: CNN, Southern, Northern Illinois, University of Kentucky, Midwest, University of Connecticut, Reuters Locations: United States, Indianapolis, Northern Illinois, Wisconsin, Iowa, Indiana, Illinois, Missouri, Kentucky , Tennessee, Virginia, Maryland, North Carolina, South Carolina , Georgia, Alabama , Mississippi, Louisiana, Arkansas, Columbia , Maryland, America, Chicago
A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.
Persons: David D, Smith, , ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, , Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, , Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, , New York
How the Red Sea crisis could clobber the global economy
  + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +9 min
The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.
Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, , ” It’s, Abercrombie &, Nathan Howard, , ” Philip Damas, , Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, , China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey
Meanwhile, failed uprisings in Bahrain and eastern Saudi Arabia were followed by years-long crackdowns and a continuing civil war in Syria. “What we’re beginning to see in Saudi Arabia right now is the emergence of a new social contract. Saudi Arabia is the world’s biggest exporter of crude oil, and nearly two-thirds of its income still comes from selling fossil fuels. If Saudi Arabia can become a hub for major sporting events, then that’s a way of attracting interest to the country,” said Maguire. In response to previous criticism about Saudi Arabia’s purported “sportswashing,” the kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal said: “People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years.
Persons: Hilal, Kylian Mbappé, Germain, Neymar Jr, Ballon d’Or, Cristiano Ronaldo, Nassr, Patricia de Melo Moreira, it’s, Saudi Crown Prince Mohammed bin Salman –, Leon Neal, Ballon, Karim Benzema, Al Hilal, spender, , Carlo Nohra, Jordan Henderson, Henderson, , ’ ” Simon Chadwick, “ We’ve, ” Chadwick, King Salman bin Abdulaziz Al Saud, Al Nassr, Stringer, you’re, Kieran Maguire, they’re, Everybody’s, ” Maguire, Chadwick, Ronaldo, Maguire, … Mohammed bin Salman, ” James Dorsey, , Chadwick –, Mohammed bin Salman, Saudi Arabia’s, Prince Abdulaziz bin Turki Al, Faisal, don’t, they’ve, LIV Golf, Jimmy Dunne, LIV, Dunne, Aleksander Ceferin, Erling, Haaland, Jurgen Klopp, Michael Emenalo, Steven Gerrard, Nohra, ” “ They’ve Organizations: CNN, Saudi, Al, Paris Saint, PSG, Saudi Pro League, Ligue, Liga, Serie, Bundesliga, English Premier League, Deloitte, Investment Fund, AFP, Getty, SPL, Saudi Crown, Spanish, Arsenal, CNN Sport, English, Newcastle United, Liverpool, The Athletic, SKEMA Business School, Argentina, Zamalek, King Fahd Sports City, Anadolu Agency, Chelsea, Manchester United, Manchester City, Football, AFC Asian, FIFA, Greece, Royal Spanish Football Federation, Spanish Super, , Amnesty International, Amnesty, Middle East Soccer, Saudi Ministry, Sport, PGA Tour, European, UEFA, Premier League, Ettifaq Media, Reuters New Saudi Pro League, Major League Soccer, La Liga, Peterson Institute for International Economics, Russian Direct Investment Fund, Investigations, PGA Locations: Saudi Arabian, Brazil, Saudi, Ittihad, Al, Ahli, Real Madrid, England, France, Germany, Spain, Italy, Saudi Arabia, Liverpool, China, Qatar, Taif, Egypt, Spanish, East, North Africa, Libya, Yemen, Tunisia, Bahrain, Syria, , , Europe, ” Liverpool
The Reina Sofía did not explain the origins of the ban on photographing one specific painting, but museums have long struggled with how best to conserve artworks and manage resources while trying to remain relevant to the public. For example, visitors cannot take photos inside the Sistine Chapel in Italy, and photography and filming are prohibited in some special exhibitions at museums because of copyright or lending concerns. That worry has abated, she said, but there is still genuine fear that works could be damaged by distracted visitors, and that their photographs could fundamentally alter museum programming. But the painting, which Picasso lent to the Museum of Modern Art in New York for decades while Gen. Francisco Franco was in power in Spain, has not always been so restricted. When it was on view at MoMA in 1974, Tony Shafrazi, an artist who later became a successful art dealer, sprayed “Kill Lies All” in red foot-high letters on the canvas.
Persons: Reina Sofía, Nina Simon, , ” Simon, Picasso, Francisco Franco, Tony Shafrazi Organizations: Participatory Museum, Museum of Modern Art Locations: Italy, New York, Spain
The new Minnesota lawsuit was filed in state court by Free Speech For People, one week after another group initiated a similar challenge in Colorado. The Republican primary in Minnesota is on March 5, which is Super Tuesday. The new lawsuit seeks to block Trump’s name from the primary ballot as well as the general election if he wins the nomination. Last year, the bipartisan House committee that investigated the January 6 attack recommended that Trump be barred from holding future office under the 14th Amendment. Since then, Trump has been indicted on separate federal and state charges stemming from his schemes to overturn the 2020 election.
Persons: Donald Trump, Trump, “ Donald J, Steve Simon, ” Simon, disqualifying Trump, , hasn’t, ” Ron Fein, , ” Trump, Steven Cheung Organizations: CNN, Trump, GOP, Democratic, Iraq, Republican, Republicans, House Locations: Minnesota, Colorado, insurrectionists, United States, North Carolina , Arizona, Georgia, New Mexico
TORONTO (AP) — After a three-and-a-half-hour documentary on his life, Paul Simon had only sympathy for the audience. The 81-year-old Simon, himself, hadn't watched the film before its debut, and he didn't watch it Sunday, either. “In Restless Dreams,” which takes its name from a lyric in “The Sound of Silence” ("In restless dreams I walked alone"), also intimately captures Simon painstakingly assembling his latest album, “Seven Psalms," which was released in May. “I haven’t accepted it entirely, but I’m beginning to,” Simon told the audience of his hearing loss in a post-screening Q&A. “Having the truth about me depicted by an observer is very interesting to me," Simon said.
Persons: Paul Simon, Simon, hadn't, , , Art Garfunkel, ” Simon, Gibney, “ Sinatra, ” “, Jake Coyle Organizations: TORONTO, South, , Twitter Locations: Queens , New York, Wimberly , Texas
“They’ve made school zone limits now 24-7,” he wrote. That’s about cash.”After @cjones47 posted saying “the citywide default speed limit in NYC has been 25 MPH since 2014,” Simon countered: “Then send me a ticket for speeding and I have no comment. They now effectively blanket the five boroughs; the Legislature stipulated that cameras had to be placed within a quarter-mile of a school. In 2021, more than half of the vehicles that received one speed-camera ticket did not receive a second — another sign, officials say, that the cameras have made a difference. Not all the responses to Simon were posted on the X platform.
Persons: Simon, They’ve, , , ” Simon, Christopher Robbins, you’re Organizations: State Legislature Locations: Bronx, Staten Island, Queens, New York
Midway through filming “Our Body,” a sprawling documentary about the gynecological ward of a Paris hospital, the movie’s director, Claire Simon, received some medical news of her own: She had breast cancer. Four weeks into the shoot, Simon had discovered a lump beneath her armpit. But rather than cease production, she decided to improvise and turn the camera on herself. “I had to film a lot of naked women,” Simon in a recent video interview. The subjects include abortion, artificial insemination, birth, gender transitioning, menopause and, eventually, disease and death.
Persons: Claire Simon, Simon, , ” Simon, Locations: Paris, New York
As one of the co-hosts, this year’s Women’s World Cup was supposed to be the culmination of all this change; a celebration of Australia’s most beloved team. A shaky 1-0 win against Ireland kicked off the Matildas’ tournament before disaster struck once more and they succumbed to a shock 3-2 defeat against Nigeria. That 2015 run marked the Matildas’ best World Cup performance to date, after appearing in every edition since 1995. The assembled 75,784 fans represented a record crowd for a women’s soccer match in the country and the highest attendance at a Women’s World Cup for 24 years, according to FIFA. “It’s definitely transcended the traditional women’s community and so that’s really exciting.”Australia has played its part in making this the biggest Women’s World Cup in history.
Persons: Sam Kerr’s, backflipping Kerr, Ellie Carpenter’s, Kerr, Gorry’s, , ” Heather Reid, it’s, that’s, ” Reid, ” Fiona Crawford, Sonia Gegenhuber, ” Crawford, Tony Marshall, Tony Gustavsson –, , Sam Kerr's, Ryan Pierse, Sam Kerr, ” Caitlin Foord, Bradley Kanaris, ” Gustavsson, ” Kerr, , Jaimi Joy, “ They’ve, ” Simon Reus, “ It’s Organizations: CNN, Sydney Opera House, Disney, Women’s Soccer Australia, CNN Sport, Ireland, Nigeria, Canada, Federation, Olympics, US, National, Chelsea, Tokyo, Spain, England, Sweden, Rugby, Reuters FIFA, Australia, FIFA, Sydney Harbour Bridge, France, Brazil, . Sports Locations: Sydney, Australia, Brazil, South Korea, Spain, Nigeria, Canada, Qatar, Haiti
CNN —Twin energy powered a memorable 1-2 finish on Saturday as the 110th Tour de France got underway in Bilbao, Spain. Twin brothers, Adam and Simon Yates, finished the stage in first and second place respectively – the last brothers to do so were Andy and Frank Schleck in 2011. I asked [the team] and they said ‘go for it’,” Adam told reporters after securing the yellow jacket. “I’m ecstatic for him, but I also wanted to win,” Simon told reporters, in typical sibling fashion. Despite finishing behind the Yates brothers, Pogačar, who is teammates with Adam, said he was happy with the results from Bilbao.
Persons: Adam, Simon Yates, , Andy, Frank Schleck, Yates, Simon, , , ” Adam, ” Simon, “ I’ll, I’m, Thomas Samson, Denmark’s Jonas Vingegaard, Tadej, Pogačar, I’d, It’s, Organizations: CNN, Tour de, UAE Team Emirates, Jayco, Getty, Bilbao Locations: Bilbao, Spain, Twin, AFP, Paris, Vitoria, Gasteiz, Saint
Oil, coal and gas made up 82% of global energy consumption last year, according to the Statistical Review of World Energy report by the Energy Institute and consultancies KPMG and Kearney. The report, which analyzes data on world energy markets, found that energy consumption rose by 1% in 2022, with fossil fuels helping to meet the demand,Oil consumption and production both increased last year, the report found. Gas made up 24% of global energy consumption, down slightly from 25% in 2021. As fossil fuels continued to dominate, the amount of planet-heating pollution produced by the energy sector rose to a new high last year, growing by 0.8%. Yet renewable energy, excluding hydropower, still only made up 7.5% of the world’s energy consumption in 2022.
Persons: ” Simon Virley, Juliet Davenport Organizations: CNN, World, Energy Institute, KPMG, Kearney, Gas Locations: China, India, Pakistan, Europe, North America, Paris
London CNN —The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. Many mortgage holders due to refinance their loans this year and next bought their homes when interest rates were much lower and mortgage rates were closer to 1% or 2%. Capital Economics is forecasting a 12% decline in house prices between their August 2022 peak and 2024. If interest rates must stay higher for longer to tame inflation, house prices could fall more sharply. “If mortgage rates were to stay at 6% for several years, a house price fall of 25% would be likely,” Wishart said.
Persons: we’ve, Andrew Bailey, , Jake Berry, Rishi Sunak, ” Simon Pittaway, Tom Bill, Knight Frank, Bill, Banks, ” Bill, , There’s, Andrew Wishart, ” Wishart Organizations: London CNN —, Bank of England, ” Bank of England, ” Financial, , Institute for Fiscal Studies, UK Finance, CNN, Savings, Capital Economics Locations: United Kingdom, United States, Europe,
Mass is part of a growing wave of multiracial support for Black American reparations – with many Jewish and Japanese organizations among them. It’s just human beings.”Amy Iwasaki Mass reads her 1981 testimony in favor of redress for Japanese Americans held in internment camps during World War II. “But I do think Japanese Americans as a group do understand what it’s like to be excluded on the basis of race.”Acknowledging the cost of historyPassage of the Civil Liberties Act of 1988 gave affected Japanese Americans the $20,000 payment and a formal letter of apology from President Ronald Reagan. Tamaki and Simon agree that arguments against reparations fail to acknowledge the cost of being part of a society. That’s called being a citizen.”Tamaki agrees that the work to repair the damage done to Black Americans is expensive and arduous, but it must begin at some point.
Persons: Amy Iwasaki, “ It’s, Stephanie Elam, San Francisco –, Don Tamaki, ” Tamaki, Ronald Reagan, Mass, , Tamaki, , Don Tamaki's, Don Tamaki Tamaki, there’s, ” Tamaki mused, San Francisco, Timothy Alan Simon, ” Simon, Franciscan Timothy Alan Simon, San Francisco's, CNN “, , Simon, ’ …, That’s, it’s Organizations: CNN, Black, California –, Force, Civil, University of California, Topaz, , Franciscan, California African American Chamber of Commerce, American Locations: Japan, Pearl, California, San, Heart Mountain , Wyoming, Wyoming, San Francisco Bay, Berkeley, Tanforan, San Bruno , California, Apt, Utah, Northern California, San Francisco, Franciscan, Francisco, Bay, state’s, America
Rose Styron used to start her daily swim of the season in May, when the waters off the long dock at her house in Vineyard Haven, on Martha’s Vineyard, still barely reach 50 degrees. “Now that I’m 95, though,” she said one day in April, “I may wait until June.”The first of Styron’s four books of poetry, “From Summer to Summer,” a collection for children, was published in 1965. Her most recent, “Fierce Day,” a coming to terms with the death of her husband, the author William Styron, in 2006, was published in 2015. As long as guests are interesting, they are summoned there still. The Styrons were the first people the singer-songwriter Carly Simon wanted to meet when she arrived on the Vineyard in 1970.
Persons: Rose Styron, , , William Styron, Styron, Nobel, Sinn Fein, Katharine Graham, Jacqueline Kennedy Onassis, Carly Simon, ” Simon Organizations: Vineyard Sound, Ulster Unionists, Hyannis Port Kennedys Locations: Vineyard Haven, Hyannis
Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release. Athletic Brewing Company's collaboration with Netflix features three limited-edition, co-branded non-alcoholic beers. Athletic Brewing CompanyThe booze-free beer might appeal to the one-third of Americans who reported trying to consume less alcohol, according to a recent survey. Nonalcoholic beer sales were up by 33% this year, the survey found. Athletic Brewing, launched in 2018, ferments its brews to be less than 0.5% alcohol by volume – the legal limit for US-brewed nonalcoholic beer, the company said in the release.
Persons: Netflix’s “, , Henry Cavill, Josh Simon, ” Simon, Geralt’s Organizations: CNN, US, Athletic Brewing, Netflix, Athletic Brewing’s Locations: Rivia
Simon begins the album in his most casual tone. He’s thinking about time, love, culture, family, music, eternity and God, striving to balance skepticism and something like faith. “I have my reasons to doubt/A white light eases the pain,” Simon sings in “Your Forgiveness.” “Two billion heartbeats and out/Or does it all begin again?”Simon’s songwriting has never been particularly religious. Its refrains return to, and work variations on, the album’s opening song, “The Lord.” As in the psalms of the Bible — which, as Simon notes in “Sacred Harp,” were songs — Simon portrays the Lord in sweeping ways: wondrous and terrifying, both protector and destroyer, sometimes benign and sometimes wrathful. As his fingers sketch patterns, he latches onto melody phrases and then lets them go, teasing at pop structures but soon dissolving them.
Five lions managed to escape their enclosure at an Australian zoo Wednesday, sparking a brief emergency as officials rushed to contain them. The lions — four cubs and a male adult named Ato — slipped loose from the enclosure at Sydney’s Taronga Zoo due to “an integrity issue with a containment fence,” the zoo said in a statement early Wednesday. Lion cubs at the Taronga Zoo in Sydney on August 12, 2022. All guests at the zoo were moved to a designated safe zone until the lions were safely back in their enclosure. No animals or humans were injured in the lions’ short escape and the zoo later opened as normal, officials said.
The world is "nowhere near" hitting its targets to cut greenhouse gas emissions, putting it on track to soar past the limit for global warming countries committed to in the landmark 2015 Paris Agreement, the United Nations has warned. But the impact of countries' pledges to ramp up their climate fight is falling short, scientists behind the report warned. “We are still nowhere near the scale and pace of emission reductions required to put us on track toward a 1.5 degrees Celsius world,” Simon Stiell, head of the U.N. climate office, said in a statement. But it found that just 24 new or updated climate plans were submitted by countries since COP 26. “The fact that only 24 new or updated climate plans were submitted since COP 26 is disappointing," said Stiell.
CNN —Singer Carly Simon paid tribute to her two sisters, Joanna and Lucy, who died just a day apart of each other this week, both from cancer. Joanna Simon, 85, died of thyroid cancer on Wednesday and Lucy Simon, 82, died of metastatic breast cancer Thursday, Simon’s manager, Larry Ciancia, confirmed to CNN. “I am filled with sorrow to speak about the passing of Joanna and Lucy Simon. Joanna Simon was an opera singer and Lucy Simon was a performer and composer who was nominated for a Tony Award for the score of the “The Secret Garden” musical. “As sad as this day is, it’s impossible to mourn them without celebrating their incredible lives that they lived,” Simon said.
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