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NEW YORK/LONDON (Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with the matter said. REUTERS/Luc CohenThe deal reflects rising interest in Guyana, a small South American country of 750,000 whose oil discoveries are set to transform an economy dependent on agriculture and mining. Mike Cawood, chief executive and co-founder of Canada-registered Cataleya, declined to comment on the Elliott investment but said his shareholders come from Guyana, the Caribbean, the United States, Canada and Israel. The investment puts Elliott, run by billionaire Paul Singer, in a consortium with U.S. producer Hess Corp, which owns a 15% stake in Kaieteur. Elliott, a shareholder in Hess, pushed for changes at Hess in 2013 and remained critical here of the company's management for years.
Persons: Luc Cohen, Elliott, Mike Cawood, “ We’ve, Guyana’s, Paul Singer, Hess, Kaieteur . Elliott, Cataleya Organizations: Elliott Management Corp, Cataleya Energy, Exxon Mobil, Guyana Shore Base Inc, REUTERS, Exxon Mobil Corp, Canadian, Exxon, Canada, Industries, Initiative, U.S, Hess Corp, Peruvian, Resources Inc, Marathon Petroleum Corp, Noble Energy, Private, Hannam, Partners Locations: Guyana, Demerara, Georgetown, American, Stabroek, Kaieteur, Caribbean, United States, Canada, Israel, Kaieteur ., Hess, America
A Zoom Thanksgiving Using Techniques from Working Remotely
  + stars: | 2020-11-24 | by ( Alina Dizik | ) + 0.59   time to read: +1 min
With smaller gatherings this year, how can you translate months of experience with workplace Zoom meetings toa Thanksgiving video call? The bottom lineShowing off the turkey on Zoom is likely to be more enjoyable than sitting through a morning meeting with your boss. Young children, a burning sweet potato casserole and the television can all pull participants away from the screen. Consider hosting calls during the cooking process, as the family is eating dinner or a more casual check-in after the meal, she says. Understanding the purpose of the holiday video call—be it a casual catch up or an attempt to recreate existing family traditions—can make it easier to come up with a plan.
Persons: Young, Naomi Baron, , Baron Organizations: American University Locations: Washington ,
Former New York City Mayor David Dinkins dies at 93: police
  + stars: | 2020-11-24 | by ( Derek Francis | ) + 0.00   time to read: +2 min
(Reuters) - David Dinkins, who served as New York City’s first and only African American mayor during the 1990s, died on Monday at the age of 93, police said. FILE PHOTO: Former Mayor of New York City, David Dinkins, attends Governor Andrew Cuomo's State of the State address in New York City, U.S. January 9, 2017. He eventually came to Harlem, the historically Black neighborhood in upper Manhattan, where he rose in the ranks of local politics. “For decades, Mayor Dinkins lead with compassion and an unparalleled commitment to our communities,” state attorney general Letitia James said in a statement. “I extend my deepest condolences to the family of Mayor David Dinkins, and to the many New Yorkers who loved and supported him,” Giuliani said on Twitter.
Persons: David Dinkins, New York City’s, Andrew, Stephanie Keith, Adam Navarro, Dinkins, Letitia James, , Mayor Dinkins, Charles Rangel, Percy Sutton, Basil Paterson, David Paterson, Ed Koch, Rudy Giuliani, Giuliani, ” Giuliani, Lemrick Nelson, Yankel Rosenbaum, ” Dinkins, Organizations: Reuters, New York, American, REUTERS, Howard University, Brooklyn Law School, New, Twitter, New York Times Locations: New, New York City, Andrew Cuomo's, U.S, Trenton , New Jersey, Harlem, Manhattan, York, ” New York, Brooklyn
Airline Stocks Are No Holiday Deal
  + stars: | 2020-11-24 | by ( Jon Sindreu | ) sentiment -0.99   time to read: +1 min
For those able and willing to fly during the winter holiday season, finding cheap airline tickets is easy. Finding cheap airline stocks is another matter. Positive updates from Covid-19 vaccine developers have pushed money back into industries hit by the pandemic. Speculators can still benefit: If vaccine news continues to exceed expectations, airline stocks will probably rally again. True, most airline stocks are still trading at a significant discount when compared with 2019 earnings.
Organizations: Dow Jones U.S . Airlines, American Airlines, United Airlines
SINGAPORE (Reuters) - Brent crude prices hit their highest levels since March as news of a third promising coronavirus vaccine candidate spurred hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Brent rose to a session high of $46.56 earlier on Tuesday, the highest level traded since early March before Saudi Arabia initiated a price war with Russia, which sent oil prices crashing. Both oil benchmarks settled up about 2% on Monday after gaining about 5% last week. For a graphic on Brent crude oil prices hit their highest since March as hopes for a vaccine roll out spur hopes of a recovery in oil demand:“Progress on developing and distributing a vaccine de-risks the path back to normal for oil markets,” said Stephen Innes, chief global markets strategist at financial services firm Axi.
Persons: Joe Biden, Angus Mordant Brent, Brent, , Stephen Innes, AstraZeneca, Donald Trump, Joe Biden’s Organizations: Brent, U.S, REUTERS, West Texas, Pfizer, Moderna, American Petroleum Institute, Energy Information Administration, Traders, OPEC Locations: SINGAPORE, Loving County , Texas, U.S, Saudi Arabia, Russia
Oil hits highest since March, spurred by vaccine hopes
  + stars: | 2020-11-24 | by ( Alex Lawler | ) + 0.97   time to read: +2 min
LONDON (Reuters) - Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. “Next year’s oil demand estimates are bound to be amended upwards.”This is Brent’s highest since a Saudi Arabia-Russia price war just as demand was starting to crater due to the pandemic in March sent prices crashing. Also supporting oil and wider financial markets, U.S. President Donald Trump on Monday allowed officials to proceed with a transition to Joe Biden’s administration. After the price war in March, the Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed to record high output cuts to support prices.
Persons: Angus Mordant AstraZeneca, Brent, , , Tamas Varga, PVM, Donald Trump, Joe Biden’s, Jeffrey Halley Organizations: REUTERS, Pfizer, Moderna, . West Texas Intermediate, , Biden, American Petroleum Institute, Organization of, Petroleum Locations: Loving County , Texas, U.S, Saudi Arabia, Russia, OPEC
Oil hits highest since March collapse on vaccine, Biden transition
  + stars: | 2020-11-24 | by ( Alex Lawler | ) + 0.91   time to read: +2 min
LONDON (Reuters) - Oil hit its highest since in March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred demand recovery hopes and U.S. President-elect Joe Biden received the go-ahead to begin his transition. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. “Next year’s oil demand estimates are bound to be amended upwards.”This is Brent’s highest since the collapse of an earlier OPEC-led output pact, just as demand was starting to crater in March due to the developing pandemic, sent prices crashing. Also supporting oil and wider financial markets, U.S. President Donald Trump on Monday allowed officials to proceed with a transition to Joe Biden’s administration. “In the short-term, this is good for markets in general as well as for the oil market,” said Bjarne Schieldrop of SEB.
Persons: Joe Biden, Angus Mordant AstraZeneca, Brent, , , Tamas Varga, PVM, Donald Trump, Joe Biden’s, Bjarne Schieldrop, SEB Organizations: REUTERS, Pfizer, Moderna, . West Texas Intermediate, , American Petroleum Institute Locations: Loving County , Texas, U.S, OPEC, Saudi Arabia, Russia
Oil holds near 3-month highs as vaccine developments stoke demand recovery hopes
  + stars: | 2020-11-24 | by ( ) sentiment -0.99   time to read: +2 min
An aerial drone view of a crude oil storage facility on April 23, 2020 in Cushing, Oklahoma. Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition. "Oil prices are consolidating near three-month highs after a third successful coronavirus vaccine trial, better-than-expected flash PMI readings across Europe and the U.S.," said Edward Moya, senior market analyst at OANDA. U.S. crude oil inventories likely edged lower last week, while distillate stockpiles were seen decreasing for a 10th straight week, a preliminary Reuters poll showed on Monday. The poll was conducted ahead of reports from the American Petroleum Institute on Tuesday and the Energy Information Administration (EIA) on Wednesday.
Persons: Joe Biden, Edward Moya, AstraZeneca, Donald Trump Organizations: U.S, Brent, West Texas, OANDA, Pfizer, American Petroleum Institute, Energy Information Administration, Traders, OPEC Locations: Cushing , Oklahoma, Europe, U.S, Moderna
-SINGAPORE — The Biden administration will likely have to reimagine the future of U.S. economic leadership in Asia-Pacific following two massive free trade agreements signed by countries in the region, according to a former foreign policy advisor. The first of the two trade agreements is the Trans-Pacific Partnership (TPP): It was negotiated by the Obama administration but never approved by Congress. Fontaine previously served as foreign policy advisor to Sen. John McCain and worked at the U.S. State Department. He explained that President-elect Joe Biden and his administration will enter an era where the U.S. is party to neither the TPP nor the RCEP. "They are going to have to at least consider what the future of U.S. economic leadership in Asia looks like," he said.
Persons: SINGAPORE —, Biden, Obama, Donald Trump, Richard Fontaine, CNBC's, Fontaine, Sen, John McCain, Joe Biden Organizations: Port, Pacific, Congress, Trans, Comprehensive Economic, Center, New, New American Security, U.S . State Department Locations: China, Port of Los Angeles, Long Beach , California, SINGAPORE, Asia, Pacific, Australia, Japan, South Korea, New American
More than three million people travelled through US airports this weekend in advance of Thanksgiving, defying advice from the US Centers for Disease Control (CDC). Friday through Sunday was the busiest weekend for air travel in the US the since COVID-19 began to spread in March. The US is still the worst-affected country in the world, with the highest number of coronavirus cases and deaths. Millions of people flew across the US over the weekend weekend in advance of Thanksgiving, defying advice from the US Centers for Disease Control for people to stay home for the holiday to stop the spread of the coronavirus. The CDC recommended last Thursday that Americans don't travel for Thanksgiving, which falls on November 26, the Thursday of this week.
Persons: Hyoung Chang, Insider's Inyoung Choi, Max Gorden, Anthony Fauci, Syra Organizations: US Centers for Disease Control, CDC, Transportation Security Administration, American Automobile Association, AAA, Reuters, Associated Press, Travelers, Denver International Airport, MediaNews, Denver, Getty, AP, Sky Harbor International, National Institute of Allergy, Johns Hopkins University Locations: United States, COVID, Denver , Colorado, Phoenix , Arizona, New York City
Rep. Joe Neguse, D-Colo., vice chairman of the subcommittee, is calling for a hearing to probe federal enforcers' approach to evaluating pharmaceutical mergers. The agency has challenged 67 pharmaceutical mergers worth over $900 billion since 1994, according to data compiled by the American Antitrust Institute for a September report. "It would be one thing if the acquisitions resulted in deterring future anticompetitive conduct anddecreased drug prices for consumers. The Covid-19 pandemic has called attention to existing concerns of rising drug prices and reduced innovation, Neguse wrote the committee leaders. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report
Persons: Joe Neguse, Jerrold Nadler, David Cicilline, Neguse, Rohit Chopra, Rebecca Kelly Slaughter, Chopra, Christine Wilson Organizations: Apple, Facebook, Google, Big Pharma, CNBC, Big Tech, Federal Trade, Democratic, American Antitrust Institute, Office, Allergan, Pfizer, Mylan, Republican, Federal Trade Commission, Merck, YouTube
Spiritually, the new turbocharged Mazda 3 is similar to the hot-hatch Mazdaspeed 3, an enthusiast favorite from 2007 to 2013. This new take on a turbocharged Mazda 3 represents the upmarket push that Mazda's been aiming for — one that it hopes will put it in entry-level Mercedes and Audi territory. Not since the hotted-up Mazdaspeed 3 — last on the market in 2013 — has there been a turbocharged Mazda 3. As Automotive News pointed out last year, "Zoom-Zoom" has been replaced with "what it calls Mazda Premium under the latest 'Feel Alive' slogan." Numbers, numbers, numbers.
Persons: , it's, there's, Dave Coleman, Coleman, Kristen Lee, you've, Mazda, doesn't, Drew Carey, Mazda's, Carey, We're, Masahiro Moro Organizations: Mazda, Audi, Twitter, Mercedes, BMW, Lexus, Benz, Mazda North America, Mazda MPS Locations: American
Delta CEO Ed Bastian is awarding employees with two free travel passes as a thank you for their work this year. Called "Delta Difference" passes, employees can use them to fly anywhere Delta flies with a confirmed seat. Delta employees already have free flight benefits but these passes will be useful during a busy travel period or when using their benefits is less likely to secure a seat. Luckily, the "Delta Difference" passes also don't expire, allowing employees the opportunity to use them once the world reopens. Airline employees already fly for free but positive space passes are more like a paid ticketA perk of the job, Delta employees receive free flight benefits on the airline and can access discounted fares on others.
Persons: Ed Bastian, David Shepardson, Bastian, John F Organizations: Delta, Delta Air Lines, Reuters, Employees, Airline, Independence, Cape Town, Centers for Disease Control, American Airlines, Air Transport, Business, Kennedy International Locations: Delta's, Cape, Buenos Aires, Tel Aviv, Sydney, American, New
Both mortgage rates and refinance rates have mostly decreased since last Tuesday, and since this time last month. 30-year fixed ratesA 30-year fixed mortgage charges a higher rate than a fixed-rate mortgage with a shorter term. For a long time, 30-year fixed rates were also higher than adjustable rates, but 30-year fixed mortgages are actually the better deal right now. 10-year fixed ratesA 10-year term isn't very common for an initial mortgage, but you may refinance into a 10-year fixed mortgage. But lenders reward larger down payments with lower interest rates, so you may want to save more than the minimum requirement.
Persons: you'll, Darrin English, Louis Organizations: American, Quontic Bank, Federal Reserve Bank of St, ARM, DTI Locations: It's, Louis
Other countries have handled the coronavirus pandemic better than the US, and Americans are scared to return home. I've watched the coronavirus pandemic wreak havoc across the country and been thankful I wasn't home. In March, my fiance and I hunkered down in our apartment in Dubai for one of the world's strictest lockdowns. Like more than half the country, I cried in relief when the election was finally called for Joe Biden. Others are wondering why I moved home just in time for winter during a pandemic that is somehow still getting worse.
Persons: Rebecca Holland, I've, Expats, texted, they've, marveled, Breonna Taylor, Joe Biden, , Donald Trump Organizations: Midwest, Wisconsin, Guardian, Food Locations: American, Dubai, New York, US, Italy, Switzerland, Jordan, Thailand, France, Pakistan, Chicago, Iraq, Wisconsin, Madison, Lebanon, Turkey, East
While many countries are not allowing US travelers during the coronavirus crisis, some nations are open to Americans. Many countries require you to show a negative COVID-19 test and airline schedules are severely reduced, limiting options on how to get to the newly-opened destinations. The world is re-opening, and Americans have more travel options for travel destinations than they've had since March. Every continent has a handful of countries willing to accept US visitors, but most require mandatory quarantine upon arrival, or a negative COVID-19 test for entry. Here's where Americans can travel in the age of coronavirus and how to get there.
Persons: they've, they'll Organizations: American, Central Locations: United Kingdom, Caribbean, North America, Central American, Europe, Africa, East, South America, Asia, Oceania, Here's
Former Defense Undersecretary for Policy Michele Flournoy prepares to testify during the House Foreign Affairs Committee hearing on "NATO at 70: An Indispensable Alliance" on Wednesday, March 13, 2019. WASHINGTON — Michele Flournoy, Joe Biden's probable pick to run the Pentagon, would be the first female secretary of defense if confirmed and could appoint an unprecedented number of women to senior roles at the Defense Department. Biden is poised to announce Flournoy as his nominee as early as Tuesday, according to three people familiar with the decision. Brooks points out that as Pentagon policy chief Flournoy pioneered the creation of more flexible, family-friendly work policies, including four-day work weeks and job sharing. Brooks co-founded The Leadership Council for Women in National Security (LCWINS), which was created by a group of women, many of whom were alumni of Flournoy's team at the Pentagon.
Persons: Michele Flournoy, WASHINGTON — Michele Flournoy, Joe Biden's, Biden, Harris, Deborah Lee James, Rosa Brooks, Flournoy, mentees, Said Brooks, Kathleen Hicks, Alice Hunt Friend, Michelle Howard, She's, Sharon Burke, Susanna Blume, Celeste Wallander, Mara Karlin, Janine Davidson, I'm, Joe Biden, Madame, , Hillary, Donald Trump, James Mattis, Defense Robert Gates, Leon Panetta, Antony Blinken, Booz Allen, Barbara Lee, Mark Pocan, Mark Esper, Patrick Shanahan, Ro Khanna, Obama, Brooks, James, Michele Organizations: House Foreign, NATO, Pentagon, Defense Department, Biden, Harris Pentagon, Air Force, Center for Strategic, International Studies, Navy, Republican, Democratic, U.S, International Security Affairs, New American Security, Defense, WestExec, Booz, Reps, Raytheon, Boeing, General Dynamics, White, Aspen Security Forum, Leadership Council, Women, National Security, LCWINS, Hill Locations: Africa, America, Russia, Iraq, Libya, Syria, Afghanistan, Yemen, U.S, China
Holiday travel trends show Americans are driving and flying less
  + stars: | 2020-11-24 | by ( ) sentiment -0.98   time to read: 1 min
Holiday travel trends show Americans are driving and flying lessThere's an emerging trend in the travel industry that's pointing to a fragile and uneven economic recovery. CNBC's Steve Liesman reports.
Persons: Steve Liesman
Members of Congress are demanding Asian American and Pacific Islander representation in President-elect Joe Biden’s Cabinet. Given Biden’s own vow to prioritize diversity in his administration, the lawmakers wrote that they’re holding him to his word. No Asian American and Pacific Islander candidates have been announced thus far aside from Vice-president-elect Kamala Harris. The lawmaker pointed out that Asian Americans and Pacific Islanders showed up to the ballot box in record numbers this year. Together, the leaders released a statement under the coalition National Council of Asian Pacific Americans.
Persons: Joe Biden’s, Biden, AAPI, Sen, Mazie Hirono, Pramila Jayapal, Kaiali'i Kahele, Judy Chu, Kamala Harris, Chu, Andrew Harnik, ” Chu, Joe Biden, , , Madalene Mielke, David Inoue, Thu Nguyen Organizations: American, Congressional Asian Pacific American Caucus, Pacific, NBC Asian, , Capitol, Pacific Islanders, NBC, Trump, Asian Pacific American Institute for Congressional Studies, Japanese American Citizens League, OCA, Pacific American, National Council of Asian Pacific Locations: U.S, Hawaii, America, NBC Asian America, Thu
Mayorkas will be the first Latino and first immigrant to head the Department of Homeland Security, if confirmed by the Senate. Much of Trump’s immigration policy was the work of his adviser Stephen Miller, who cited and promoted white nationalist beliefs in emails leaked to the Southern Poverty Law Center last year. This summer, the General Accounting Office found that Chad Wolf, acting secretary of DHS, was not legally qualified to hold his job. Mayorkas became DHS deputy secretary in 2013, after Obama had revised his deportation policy and authorized DACA. Mayorkas went through the Senate confirmation process when he was nominated for DHS deputy secretary and also to head Citizenship and Immigration Services.
Persons: Alejandro Mayorkas, Joe Biden's, Donald Trump’s, Obama, Mayorkas, Jeh Johnson, Trump, Biden, Stephen Miller, Trump’s, John Kelly, Kirstjen Nielsen, Kelly, Nielsen, Chad Wolf, ” Mayorkas, , — Alejandro Mayorkas, Sen, Bob Menendez, ” Menendez, Al Cardenas, “ Alejandro Mayorkas, , Greisa Martínez Rosas, Martinez Rosas, — Julia E, General Xavier Becerra, Citizenshp, Marco Rubio, Ted Cruz, Bill Clinton, Carlos Vignali, Vignali's Organizations: of Homeland Security, Department of Homeland Security, Senate, Cuban, DHS, Immigration Services, Protection, Transportation Security, Coast Guard, Service, Southern Poverty Law Center, Homeland, Nielsen, Accounting Office, Florida GOP, American Conservative Union, Enforcement, United, Customs, intel, Biden, California, Trump, Sens, Politico, U.S, NBC, Facebook, Twitter Locations: Havana, Cuba, Romanian, Jerusalem, United States, Cuban American, Florida, DACA, Israel, China, U.S, Marco Rubio of Florida, Ted Cruz of Texas, California
REUTERS/Christopher Aluka BerryNEW YORK (Reuters Breakingviews) - In some ways, Janet Yellen is a safe choice as Treasury secretary. Yet her ability to evolve means she could prove a surprisingly bold pick if circumstances require it. While she ran the Fed, the U.S. unemployment rate fell around 2.5 percentage points, from over 6.5% in early 2014. In that regard, the new Yellen looks different from the old one. The only other former Fed chair to make the move to Treasury secretary was G. William Miller, appointed by then-President Jimmy Carter.
Persons: Janet Yellen, Christopher Aluka Berry, Joe Biden, Yellen, Donald Trump, Jay Powell, wasn’t, policymaking, Powell joblessness, William Miller, Jimmy Carter, Miller Organizations: Federal, American Economic Association, Allied Social Science Association, REUTERS, YORK, Reuters, Federal Reserve, Wall Street Locations: Atlanta , Georgia, U.S
NEW YORK (Reuters) - President-elect Joe Biden’s pick to be his ambassador to the United Nations in New York will have to tackle Washington’s waning leadership at the world body in the face of a more assertive China, diplomats and analysts said on Monday. REUTERS/Jonathan Ernst/File PhotoBiden nominated veteran U.S. diplomat Linda Thomas-Greenfield and restored the post to a Cabinet role. Thomas-Greenfield is a 35-year veteran of the U.S. Foreign Service who has served on four continents, perhaps most notably in Africa. I’ve carried that lesson with me throughout my career in Foreign Service – and, if confirmed, will do the same as Ambassador to the United Nations,” Thomas-Greenfield tweeted on Monday. “A woman of color, a woman of substance and a woman of experience.
Persons: Joe Biden’s, African Affairs Linda Thomas, Greenfield, Jakaya Kikwete, Jonathan Ernst, Linda Thomas, Donald Trump’s, Nikki Haley, Kelly Craft, Thomas, , I’ve, ” Thomas, , Barack Obama’s, Richard Gowan, multilateralism, Jeffrey Feltman, ” U.N Organizations: YORK, United Nations, African Affairs, Africa, Summit, REUTERS, Biden, U.S . Senate, Thomas, U.S . Foreign Service, Service, U.N, World Health Organization, Human Rights, UNESCO Locations: New York, China, U.S, Washington, Africa, Rwanda, Saharan Africa, West Africa, Britain, France, Russia, United States, Western, Beijing, United, Greenfield, Asian, Gulf
Yellen, 74, brings Biden decades of economic policy experience and is respected by Congress, international finance officials, progressives and business interests alike. The post will present a host of new challenges for Yellen, whose policymaking experience in the past 20 years has largely centered on monetary - rather than fiscal - policy. Republican President Donald Trump declined to renew her term and replaced her with current Fed Chair Jerome Powell in 2018. FISCAL POLICY LEVERAt Treasury, Yellen would have a major role in influencing U.S. fiscal and tax policy, tools she did not have at the Fed. Jen Psaki, an adviser to the Biden campaign tweeted that economic team members would be announced next week.
Persons: Joe Biden, Janet Yellen, Biden, Yellen, Donald Trump, Jerome Powell, Bill Clinton, George Akerlof, , Tim Adams, Christopher Aluka Berry, Julia Coronado, , Tom Graff, Lael Brainard, Obama, Roger Ferguson, TIAA, Elizabeth Warren, Antony Blinken, Trump, Jen Psaki Organizations: Treasury, Democratic, Trump, Congress, Fed, White House Council, Economic Advisers, Federal Reserve, San Francisco Fed, Republican, Yale, Institute of International Finance, U.S, Georgia runoffs, Republicans, Federal, American Economic Association, Allied Social Science Association, REUTERS, Brown Advisory, Governors, General Services Administration Locations: WILMINGTON, Del, WASHINGTON, Brooklyn , New York, U.S, Georgia, Atlanta , Georgia, Washington, Baltimore,
As shoppers prepare for a Thanksgiving like no other, there is some good news: The cost of a traditional Thanksgiving meal is at its lowest level in a decade, and down 4 percent since last year. “The average cost of this year’s Thanksgiving dinner is the lowest since 2010,” John Newton, chief economist for the Farm Bureau, told NBC News. As with online retail sales for holiday gifts, grocers began their sales and promotions earlier this year due to Covid-19. Consumers who opt to avoid the Thanksgiving crowds at the supermarket and order online via a grocery delivery service are unlikely to see any savings on their Thanksgiving shopping, however. This year, 70 percent of those planning to celebrate Thanksgiving will do so with six or fewer individuals, up from 48 percent last year.
Persons: ” John Newton, Newton Organizations: American Farm Bureau Federation, Farm Bureau, NBC News, Consumers, Nielsen Locations: Turkey
WASHINGTON (Reuters) - U.S. President-elect Joe Biden will nominate Alejandro Mayorkas to become U.S. secretary of homeland security, Biden’s transition team said on Monday, entrusting the Cuban immigrant to help reverse outgoing President Donald Trump’s hard-line immigration policies. Slideshow ( 2 images )Mayorkas, a former federal prosecutor in California, served as deputy secretary at the U.S. Department of Homeland Security (DHS) under President Barack Obama when Biden was vice president. If confirmed by the U.S. Senate, Mayorkas would become the first foreign-born leader of the sprawling department that was created in the aftermath of the Sept. 1, 2001, attacks on the United States. DHS boasts 240,000 employees and is responsible for border security, immigration enforcement, cybersecurity, disaster readiness and relief, among other portfolios. Several former colleagues praised Mayorkas as a talented manager with knowledge of DHS and experience in both law enforcement and immigration.
Persons: Joe Biden, Alejandro Mayorkas, Donald Trump’s, Barack Obama, Biden, Mayorkas, Obama, WilmerHale, Trump, , Seth Stodder, Stephen Legomsky, Ali, ” Legomsky Organizations: WASHINGTON, U.S . Department of Homeland Security, Cuban American, Democratic, U.S . Senate, DHS, Immigration, Customs Enforcement, . Customs, Border Protection, U.S . Coast Guard, Obama, . Citizenship, Immigration Services, Dreamers Locations: Cuban, California, United States, Havana, Florida, Mexico, Texas
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