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☆ A New Surge in Power Use Is Threatening U.S. Climate Goals
▼ + stars: | 2024-03-13 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +14 min

Nathan Howard for The New York TimesIn California, electric vehicles could soon account for 10 percent of peak power demand. AP Photo/Mike StewartIn interviews, utility executives say gas is needed to back up wind and solar power, which don’t run all the time. Gas plants can sometimes be easier to build than renewables, since they may not require new long-distance transmission lines. “It’s going to take a diversified fleet.”Mr. Mitchell noted that Georgia Power was planning a large build-out of solar power and batteries over the next decade and would offer incentives to companies to use less power during times of grid stress. The tech companies and manufacturers that are driving up electricity demand could also play a major role, experts say.

Persons: ”, Daniel Brooks, Nathan Howard, Lauren Justice, Biden’s, “, Tyler H, Norris, Mr, John Wilson, Ken Seiler, Seiler, Devin Hartman, Duke, Kendal Bowman, Duke Energy’s, it’s, we’ve, Georgia Power, It’s, Greg Buppert, Megan Varner, Mike Stewart, Aaron Mitchell, “ It’s, Mitchell, Heather O’Neill, Brian Janous Organizations: Electric Power Research Institute, The New York Times, Duke University, Biden, Utilities, North American Electric Reliability Corporation, Boston Consulting, Dominion Energy, Nationwide, R Street Institute, The New York Times Soaring, Duke Energy, Georgia, Southern Environmental Law Center, AP, Dominion, Georgia Power, Advanced Energy, Microsoft Locations: America, California, Virginia, Georgia, North Carolina, South Carolina , Tennessee, Kansas, Northern Virginia, Arizona, Texas, Illinois, New Jersey, York City, PJM, “ Texas, Ashburn, Va, Dalton , Ga, Dalton, Duke

☆ Actor Viola Davis to join US African diaspora council
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] FiILE PHOTO: Viola Davis attends the world premiere of "AIR" at Regency Village Theatre in Los Angeles, California, U.S., March 27, 2023. REUTERS/Lauren Justice/ File Photo Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - President Joe Biden on Tuesday announced the first members of the President’s Advisory Council on African Diaspora Engagement, including actor Viola Davis, who will advise Washington on deepening ties with African communities. Washington has sought to stress the region's importance and counter challenges posed by China and Russia to the United States' interests in the increasingly important region. In addition to Viola Davis, members include: Patrick Gaspard, the president and CEO of the Center for American Progress think tank; C.D. Glin, president of the PepsiCo Foundation and global head of social impact for PepsiCo; and Almaz Negash, founder of the African Diaspora Network, among others.

Persons: Viola Davis, Lauren Justice, Joe Biden, Judd Devermont, Silvester Beaman, Patrick Gaspard, Glin, Davis, Tony, Wagner, Daphne Psaledakis, Simon Lewis, Don Durfee, David Gregorio Our Organizations: Regency Village Theatre, REUTERS, Rights, Tuesday, Africa, Summit, National Security, African Affairs, African Methodist Episcopal, Center for American Progress, PepsiCo Foundation, PepsiCo, African Diaspora Network, Thomson Locations: Los Angeles , California, U.S, President’s, Washington, China, Russia, United States, States, Africa, Ukraine

☆ Millionaires support raising Federal Deposit Insurance Corp. limits. They may be overlooking ways to access more coverage on deposits now
▼ + stars: | 2023-06-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Currently, the Federal Deposit Insurance Corp. insures $250,000 per depositor for each ownership category for deposits held at an insured bank. That year, the standard maximum deposit insurance amount was temporarily raised to $250,000, from $100,000. How future deposit insurance may changeThe FDIC in May released a report that outlined three options for the future of the deposit insurance system. This may include an increased, yet also "finite," deposit insurance limit, the FDIC's report states. A third choice, targeted coverage, would provide different levels of deposit insurance coverage for different types of accounts, with higher coverage for business payment accounts.

Persons: Lauren Justice, First Republic —, Martin Gruenberg, Gruenberg, Ted Jenkin, Atlanta . Jenkin, Jenkin Organizations: Bank, Bloomberg, Getty, Valley Bank, Signature Bank, CNBC, Millionaire Survey, Federal Deposit Insurance Corp, First, Committee, Silicon Locations: Beverly Hills , California, First Republic, Atlanta .

☆ In New World of Trade Diplomacy, Free Trade and Tariffs Take a Back Seat
▼ + stars: | 2023-05-07 | by ( Daniel Michaels | ) www.wsj.com time to read: 1 min

Physical goods now play a proportionally smaller role in world trade with the rise of services and online commerce. Photo: Lauren Justice/Bloomberg NewsBRUSSELS—In just the past year, the Biden administration has opened talks with Japan, the European Union, and more than 20 countries from India to Peru on cross-border economic links. Terms that generally aren’t part of these discussions: “free trade” and “tariffs.”Welcome to the new world of trade deals. It’s no longer about slashing duties, but a host of other issues—from digital copyright to air quality and technology and product standards—often brokered in government-level agreements rather than full-blown treaties.

REUTERS/Lauren JusticeLOS ANGELES, April 3 (Reuters) - Actor Ben Affleck is hopeful for basketball legend Michael Jordan’s seal of approval after directing the biographical sports film, "Air," which is based on Jordan’s historic deal with the Nike (NKE.N) shoe brand. Affleck plays Nike co-founder Phil Knight and “The Woman King” actor Viola Davis portrays Jordan’s mother, Deloris Jordan. There was one key role that Affleck and Damon decided not to fill, and it was Michael Jordan’s. “The second you put the camera on an actor and say ‘Hey, it’s Michael Jordan’ and it’s not Michael Jordan, you’re going to lose the audience, so we knew. Michael’s just too famous and means too much to people to try to have someone else play him in a movie,” Damon said.

☆ Yellen says uninsured deposits may be at risk in future bank failures. Here’s how FDIC coverage works
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

How FDIC coverage worksThe limit for FDIC coverage is $250,000 per depositor, per bank, in each account ownership category. The majority of Americans are going to be covered by FDIC insurance. For example, a married couple with a business may have up to $250,000 insured in an account in one spouse's name, up to $250,000 insured in an account in the other spouse's name and up to $250,000 insured in a business account. How to check, boost FDIC protectionIf you want to know whether your deposits are FDIC-insured, check your bank statement, Jenkin said. Not all accounts provide FDIC coverage, Jenkin noted.

☆ Some School Districts Are Eliminating Honors Classes. Many Parents Aren’t Happy.
▼ + stars: | 2023-03-14 | by ( Sara Randazzo | Photographs Lauren Justice For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Since the start of this school year, freshmen and sophomores in Culver City have only been able to select one level of English class, known as College Prep, rather than the previous system in which anyone could opt into the honors class. Elena Frigola is an 11th-grade student in Culver City, Calif.

☆ ‘Absolutely idiotic’. SVB insider says employees are angry with CEO
▼ + stars: | 2023-03-13 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“That was absolutely idiotic,” the employee, who works on the asset management side of Silicon Valley Bank, told CNN in an interview. By the close of business that day, Silicon Valley Bank had a negative cash balance of about $958 million. “People are just shocked at how stupid the CEO is,” the Silicon Valley Bank insider said. “There should be no mistaking that Silicon Valley Bank’s collapse was a direct result of the Fed’s persistent and excessive interest rate hikes,” they wrote. Of course, Silicon Valley Bank had more than a year to prepare for both of those issues.

☆ To Increase Equity, School Districts Eliminate Honors Classes
▼ + stars: | 2023-02-17 | by ( Sara Randazzo | Photographs Lauren Justice For The Wall Street Journal | ) www.wsj.com time to read: 1 min

CULVER CITY, Calif.—A group of parents stepped to the lectern Tuesday night at a school board meeting in this middle-class, Los Angeles-area city to push back against a racial-equity initiative. The high school, they argued, should reinstate honors English classes that were eliminated because they didn’t enroll enough Black and Latino students. The district earlier this school year replaced the honors classes at Culver City High School with uniform courses that officials say will ensure students of all races receive an equal, rigorous education.

☆ Stitch Fix lays off 20% of workforce and its CEO steps down
▼ + stars: | 2023-01-05 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. “We will be losing many talented team members from across the company and I am truly sorry,” Stitch Fix (SFIX)founder and former CEO Katrina Lake wrote in a blog post. Shares of Stitch Fix rose 6% on the news. Elizabeth Spaulding, CEO of Stitch Fix, announced she was stepping down on Thursday. But Stitch Fix has struggled as more shoppers return to in-person buying at stores and pull back on their online spending.

☆ When Kids Exclude Peers From Group Chats and Texts, Is It Bullying?
▼ + stars: | 2022-11-19 | by ( Julie Jargon | Photographs Lauren Justice For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Growing up means being left out sometimes, especially when friends splinter into new social groups during middle school and teen years. With group chats and social media, kids can more easily see when they’re not part of the crowd. Exclusion can result in hurt feelings, even when there’s no malicious intent behind it. But educators, pediatricians and researchers say online exclusion can be overt, particularly in group texts or chats on whatever platform teens use to communicate and make plans, be it Apple’s iMessage, Snapchat , Instagram—even Zoom.

☆ Ecuador reaches deal with China to restructure debt
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Lauren Justice/File Photo/File PhotoSept 19 (Reuters) - Ecuador has reached an agreement to restructure its debt with Chinese banks, the government said in a statement on Monday, providing debt relief worth some $1.4 billion until 2025. Ecuador's President Guillermo Lasso announced in February that he was looking to restructure the country's debt and improve the conditions of long-term oil sales contracts with Beijing. Ecuador also managed to reduce certain applicable interest rates and suspend all amortizations with China Eximbank for a six-month grace period, the government said. State-owned energy company Petroecuador reached an agreement with Petrochina (601857.SS) last week on a number of crude oil deliveries. The Wall Street Journal first reported on Monday that Lasso had announced a deal to with China to restructure $4.4 billion worth of debt.

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