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☆ How to Rein In Rising Auto Insurance Rates
▼ + stars: | 2024-07-19 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Even as inflation has eased, car insurance rates are rising by double digits. According to the Bureau of Labor Statistics, auto insurance costs were 19.5 percent higher in June than a year earlier. Most drivers already know about discounts available for “bundling” auto and homeowner insurance policies with the same carrier or for insuring multiple cars. Becoming a better driver may help. Just one accident can mean you’re paying an average of 43 percent more than drivers with clean safety records, according to the financial website Bankrate, which analyzed insurance data from Quadrant Information Services.

Organizations: Bureau of Labor Statistics, Information Services

☆ Charlie Munger praises Warren Buffett’s big bets on Japan on Acquired podcast
▼ + stars: | 2023-11-01 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

“It was awfully easy money,” Charlie Munger, Buffett’s longtime lieutenant and vice chair of Berkshire Hathaway (BRKA), said in an interview with the Acquired podcast released this week. The firms backed by Berkshire — Itochu, Marubeni, Mitsubishi Corporation, Mitsui & Co., and Sumitomo — are known as “sogo shosha” or general trading companies in Japan. “These trading companies were really entrenched, old companies, and they had all these cheap copper mines and rubber plantations, and so you could borrow [easily],” Munger added. Buffett’s decision to invest in Japan has buoyed optimism about prospects in the world’s third largest economy. The legendary investor has previously cheered “the future of Japan,” casting more attention to the country from other foreign backers.

Persons: Hong Kong CNN — Warren, Charlie Munger, Buffett’s, Berkshire Hathaway, Berkshire —, Munger, Warren Buffett, ”, ” Munger, “, Wang Chuanfu, Omaha ”, China’s Organizations: Hong Kong CNN, Japan’s Nikkei, Berkshire, Berkshire — Itochu, Mitsubishi Corporation, Mitsui & Co, Sumitomo, BYD, Hyundai, Apple Locations: Hong Kong, Japan, Berkshire, United States, “, Munger, Asia, South, TSMC, Omaha, Taiwan, China

☆ 5 things you need to know about what could be the largest health care strike in US history
▼ + stars: | 2023-09-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Patients pay for a membership and gain access to Kaiser Permanente’s health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according to data from the Bureau of Labor Statistics. It would also be the first-ever national strike effort at Kaiser Permanente, according to John August, the director for health care labor relations at Cornell and the former executive director of the Coalition of Kaiser Permanente Unions. More workers are going on strikeA potential health care workers’ strike would be one in a long line of organized labor efforts that have occurred this year.

Persons: Kaiser Permanente, John August, “, Dania Maxwell, ”, Kaiser, Renee Saldana, they’re, Gabe Montoya, we’re, “ Kaiser, We’ve, UHW, you’re Organizations: Los Angeles CNN, Kaiser Permanente, Washington DC, Kaiser, Bureau of Labor Statistics, Cornell, Coalition, Kaiser Permanente Unions, Service Employees International Union, United Healthcare Workers West, SEIU, Permanente, CNN, Kaiser Permanente Los Angeles Medical Center, Los Angeles Times, “ Workers, ” Employees, “ Kaiser Permanente, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, Ford, General Motors, ’ Guild of America Locations: Kaiser, California , Colorado , Oregon, Washington , Virginia, Washington, ”, Hollywood, Los Angeles , CA, Downey , California, United States, Los Angeles

☆ Leaked UAW messages detail 'chaos' strategy
▼ + stars: | 2023-09-22 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

New York CNN —The United Auto Workers Union is prepared to strike automakers for “months,” according to leaked messages obtained by CNN. One advantage for the union of a targeted strike is the potential to save resources and extend a possible strike. The union members who are on strike are eligible for $500 a week in strike benefits from the union’s strike fund. With targeted strikes, it’s possible that the companies will shut down operations and lay off members who are not technically on strike. John Hatline, who has worked at General Motors for 49 years and has seen his fair share of strikes, told CNN before the strikes began that he thought targeted strikes can work.

Persons: Jonah Furman, Furman, they’re, Shawn Fain, Fain, ”, “, John Hatline, Hatline, ” “, Mark Truby Organizations: New, New York CNN, United Auto Workers Union, CNN, Communications, Big, UAW, Detroit Free Press, UAW Communications, General Motors, ”, Motors, Ford, Genal Motors Locations: New York, Detroit

New York CNN —The United Auto Workers union’s already unprecedented strike against General Motors, Ford and Stellantis could soon get even bigger. So far, the strike, which started early Friday, has targeted only one final assembly plant at each automaker. So, noon on Friday, September 22nd is a new deadline.”While 12,700 union members are on strike, most of the 145,000 members at the three automakers remain on the job. The UAW chose to target final assembly plants first, which has made the initial strikes quite targeted and tactical. Spreading impact of strikeThe impact of the strike will have a ripple impact on other factories beyond the three targeted already by the UAW strike.

Persons: Stellantis, Shawn Fain, Autoworkers, We’re, “ We’re, ”, “, Ford, Lana Payne, Payne, Fairfax, David Barnas, Louis, Biden, Donald Trump, Mike Pence, Fain, Trump Trump, Joe Biden, ” Trump Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, CNN, GM, UAW, Ford Bronco, Companies, GM Stellantis, Jeep, Dodge, Chrysler, Fairfax Assembly, US Steel, Trump Locations: New York, Wayne , Michigan, Canada, United States, Fairfax, Kansas City , Kansas, Wentzville, Granite City , Illinois, St, Detroit

☆ Thailand: Visit of King's estranged sons comes at a delicate time for monarchy
▼ + stars: | 2023-08-20 | by ( Helen Regan | ) edition.cnn.com time to read: +12 min

Vacharaesorn Vivacharawongse is blessed by a Buddhist monk during a religious ceremony at Wat Yannawa temple in Bangkok, Thailand, on August 10. Vacharaesorn Vivacharawongse visits the Foundation for Slum Child Care supported by the Royal Family, in Bangkok on August 8. Of the two sons, analysts say Vacharaesorn could be the one to watch for any future role within the royal family. Vacharaesorn Vivacharawongse prays during a religious ceremony at Wat Yannawa temple in Bangkok, Thailand, August 10. The places they visited were significant, nothing too official but enough to exhibit their connections to the country and royal family, analysts say.

Persons: Thailand’s, Maha Vajiralongkorn, Vacharaesorn Vivacharawongse, Vacharaesorn, Chakriwat Vivacharawongse, King, ” Vacharaesorn, Bangkok’s Suvarnabhumi, Athit Perawongmetha, Pavin Chachavalpongpun, Thais, King Bhumibol Adulyadej, –, Bajrakitiyabha, Vajiralongkorn, Yuvadhida Polpraserth, Vivacharawongse, Princess Sirivannavari, Queen, ”, Paul Handley, “, Never, King Vajiralongkorn, ’, Thitinan Pongsudhirak, Handley, Chakriwat, Prince Mahidol –, Pavin Organizations: CNN, Reuters, Kyoto University’s Center, Southeast Asian Studies, Foundation for Slum Child, King’s Guard, Thai Crown, Elections, Thai, Chulalongkorn University, “, New, ” CNN, Center, BTS, Siriraj Hospital Locations: Bangkok, United States, United Kingdom, New York, Thailand, Bangkok’s, Wat Yannawa, Thai, Hong Kong

☆ Self-driving robotaxis are taking off in China
▼ + stars: | 2020-12-03 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

On Thursday, AutoX, an Alibaba (BABA)-backed startup, announced it had rolled out fully driverless robotaxis on public roads in Shenzhen. Previously, companies operating autonomous shuttles on public roads in the country were constrained by strict caveats, which required them to have a safety driver inside. In Shenzhen, AutoX has completely removed the backup driver or any remote operators for its local fleet of 25 cars, it said. Race of the robotaxiWhile AutoX has claimed an edge in China, it’s not the first time fully driverless shuttles have hit public roads. In June, Didi, China’s biggest ride-hailing firm, began offering free rides in its autonomous vehicles within a designated area of Shanghai.

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