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America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.
Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California
A majority of Americans, 95%, said they plan to look for a new job this year, according to a January 2024 survey by job site Monster. Money is a big reason, with 45% of workers saying they need a higher income. Data from the Federal Reserve shows that job switchers increase their salaries more quickly, on average, than those who stay put. The first time she switched jobs, she took a $20,000 pay cut in order to gain experience. Abdul told CNBC she continued to grow her salary through promotions and other job hops.
Persons: Kyyah Abdul, I've, Abdul, She's Organizations: Federal Reserve, Finance, CNBC Locations: Los Angeles
Horwitz's March 13 memo was sent to all partners, managing directors, and vice presidents in response to a recent Wall Street Journal story. Women exits at GoldmanThe story comes amid a recent spate of departures of high-profile female executives at Goldman. Other women partners who have left include Katie Koch, a former top executive in asset management; Heather Miner, ex-global head of investor relations; and Jennifer Davis, a former head of retail investment banking. We are very fortunate to have extraordinary female partners that continue to increase in numbers. Our longer term success depends significantly on developing female partners in senior roles."
Persons: Goldman Sachs, Russell Horwitz, hasn't, Horwitz, David Solomon's, Horwitz —, Goldman, Marc Nachmann, Stephanie Cohen, BI's Bianca Chan, Beth Hammack, Cohen, Hammack, Alison, , Solomon, Katie Koch, Heather Miner, Jennifer Davis, Horowitz, Russell W, David, we've Organizations: Business, Horwitz's, Goldman, Firm, Women, Media Relations
Among the most common email scams are phishing emails. Instead of sending out generic emails, the emails are addressed to an individual or a specific organization. Now, criminals anywhere in the world can use ChatGPT or FraudGPT to create convincing phishing and spear phishing emails. If I'm going to do 1,000 spear phishing emails or CEO fraud attacks, and I find one in 10 of them work, that could be millions of dollars," said Davies. It will take some time for companies to adjust, but for now, cybersecurity experts say generative AI is leading to a surge in very convincing financial scams.
Persons: Chase, Christopher Budd, Elon, Gayle King, Tucker Carlson, Bill Maher, Andrew Davies, Cyril Noel, Tagoe, Davies, Venmo, Wise, Netcea, Banks, Ajay Bhalla, haven't, Noel, I've, Budd Organizations: Association of Financial, eBay, CBS, Fox News, Facebook, YouTube, PayPal, Mastercard Locations: Hong Kong, ComplyAdvantage
The H-1B visa has served as a prominent pathway for skilled foreign labor into the American job market. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. However, obtaining an H-1B visa remains challenging due to high demand. According to data from US Citizenship and Immigration Services, the 2024 H-1B visa lottery saw applications rise to a record-breaking 780,000. Using recent data from the US Office of Foreign Labor Certification, Business Insider put together this ranking of the top H-1B startup employers between October 1, 2022, and September 30, 2023.
Persons: USCIS, Jason Finkelman, Finkelman Organizations: Business, Citizenship, Immigration Services, White, Information, Regulatory Affairs, of Foreign Labor Locations: Hyderabad, Beijing
Local restrictions in Michigan derailed more than two dozen utility-scale renewable energy projects as of last May, according to a study by the Sabin Center for Climate Change Law at Columbia University. Nationwide, and at least 228 restrictions in 35 states have been imposed to stop green energy projects. The shift has sparked a political backlash that may escalate as more states seek to simplify getting green energy projects approved and built. But many local officials say giving states the power to site large-scale energy projects clashes with cherished U.S. political principles. In Kansas, Osage County’s moratorium on commercial solar and wind projects came in 2022 after multiple hearings.
Persons: Clara Ostrander, Ostrander, , Dan Scripps, Gretchen Whitmer, Biden, Jay Bailey, can’t, Elise Caplan, Scripps, suburbanites, Josh Svaty, Svaty, ” ___ Hanna Organizations: Leasing, Sabin, Climate, Columbia University . Nationwide, Public Service Commission, Scripps, Michigan, Democratic Gov, . Michigan, Republican, American Council, Renewable Energy, Columbia University, Local, Kansas Statehouse Locations: LANSING, Mich, Montcalm County, Monroe County, Michigan, Connecticut, New York , Oregon, Minnesota, Rhode Island, In Kansas, Osage, Flint Hills, Kansas, Monroe, ” Michigan, Illinois, California , Connecticut , New York, Maryland , Massachusetts, Minnesota , New Jersey, New Mexico, Florida, South Dakota, , Topeka , Kansas
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai. Methane tends to leak into the atmosphere undetected from drill sites, gas pipelines and other oil and gas equipment. It has more warming potential than carbon dioxide and breaks down in the atmosphere faster, so reining in methane emissions can have a more immediate impact on limiting climate change. The agency also tweaked the Super Emitter Program so that third parties send information on methane leaks to EPA directly for verification. The American Petroleum Institute, an oil and gas industry trade group, said it was reviewing the rule.
Persons: Liz Hampton, Biden, Michael Regan, Michelle Lujan Grisham, Jill Tauber, Dustin Meyer, Darren Woods, Nichola Groom, Valerie Volcovici, Diane Craft, Giles Elgood Organizations: REUTERS, Rights, Saturday, U.S, United, Environmental, EPA, New, American Petroleum Institute, Reuters, Thomson Locations: New Mexico, U.S, United Nations, Dubai, The United States, United States, COP28
The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change. The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai. Methane tends to leak into the atmosphere undetected from drill sites, gas pipelines and other oil and gas equipment. It has more warming potential than carbon dioxide and breaks down in the atmosphere faster, so reining in methane emissions can have a more immediate impact on limiting climate change. The American Petroleum Institute, an oil and gas industry trade group, said it was reviewing the rule.
Persons: Biden, Michael Regan, Michelle Lujan Grisham, Jill Tauber, Dustin Meyer, Darren Woods Organizations: Saturday, U.S, United, Environmental, EPA, New, American Petroleum Institute, Reuters Locations: United Nations, Dubai, The United States, U.S, New Mexico, United States, COP28
John DavisDeals like Davis' have made Texas — America's oil capital for more than a century — the top producer of renewable energy in the US. The state has long generated the most wind power and is second only to California as a solar-energy producer. The high-stakes battle for Texas' energy future is a microcosm of how tricky America's green transition is shaping up to be, especially when politics are involved. Slowing down renewable energy could cost Texas in the long term, both economically and socially. The coalition seems to be growing stronger, even as Texas politicians shift further to the right on issues beyond renewable energy.
Persons: John Davis, Davis, Greg Abbott, Critics aren't, there's, George W, Bush, Rick Perry, Abbott, Winter Storm Uri, hasn't, it's, It's, Judd Messer, Madeline Gould Laughlin, Michael Looney, San Angelo Chamber of Commerce Brent Bennett, Bennett, Messer, That's, Enel's Laughlin, Enel, Sandhya Ganapathy, Catherine Boudreau Organizations: Menard, RES, Texas, Republican, Texans, Power Alliance, John Davis Texans, University of Texas, Winter Storm, ERCOT, Bloomberg, Texas Public Policy Foundation, Texas Energy Fund, Advance Power Alliance, San, San Angelo Chamber of Commerce, Chamber of Commerce, ExxonMobil, Chevron, West Texas Chamber of Commerce, Lone Star, EV Locations: North Dakota, Texas, America, Nowhere, Menard , Texas, Concho County , Texas, California, Menard, Austin, San Angelo, Midland , Texas
President Joe Biden earlier this year said his administration would crack down on hidden fees. WaPo examined federal lobbying files and hundreds of filings that were sent to federal agencies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom a dizzying array of airline fees to add-ons tacked on to concert ticket prices, Americans are fed up with hidden fees. AdvertisementThe Post analyzed federal lobbying files and filings sent to federal agencies as the administration pushes to save US consumers from collectively spending billions of dollars in fees each year.
Persons: Joe Biden, WaPo, , Biden, Doug Mullen, Dan Wall Organizations: Service, The Washington, Travelers, American Airlines, Delta Air Lines, United Airlines, Department of Transportation, Airlines for, Airlines, America, Live, Post Locations: Airlines for America
The money management giant is looking for a new Washington, DC-based head of US government affairs and public policy as well as a new head of state government affairs, wrote John Kelly, BlackRock's global head of corporate affairs, in a previously unreported company memo last week. The overhaul, which includes reshuffling positions and a renamed government affairs and public policy group, reflects the tremendous pressure BlackRock is under in the public eye. Reshaping the key policy groupA string of roles in the public policy group are changing to meet this new reality. The firm's public policy group has about 40 people, some 25 of whom are on Cound's team focused on international policy. Novick launched the firm's public policy efforts in 2009.
Persons: John Kelly, BlackRock's, Kelly, BlackRock, Larry Fink, Fink, Samantha DeZur, Joanna Cound, Rachel Barry, Kate Fulton, Bryan Wood, Barbara Novick, Rob Kapito, Susan Wagner, Novick, Sheila Kindig, Jim Badenhausen, Kindig Organizations: BlackRock, Business, Republican Party, Texas Republicans, Bloomberg Locations: BlackRock, Washington, DC, Florida , Texas , Louisiana, South Carolina
The Biden administration has overhauled how the federal government assesses the costs and benefits of regulation and some government spending programs, clearing a path for more aggressive efforts to fight climate change and help the poor. Officials at the White House Office of Information and Regulatory Affairs, a branch of the Office of Management and Budget, finalized a new and complicated set of rules on Thursday. They would change how federal agencies tally and weigh the potential value and harm of new regulations related to climate change, taxation, the distribution of disaster relief assistance and more. The federal government has long used so-called benefit-cost analysis when setting regulations that cover business activity, environmental pollution and much more. Its rules guiding those regulations were last changed during the George W. Bush administration, prompting many economists to complain that officials were not taking updated economic data and cutting-edge research into account when issuing regulations that can have vast consequences immediately and in the future.
Persons: Biden, George W, Bush Organizations: White, Office of Information, Regulatory Affairs, Management, Budget
The Biden administration is proposing a new rule to ensure people saving for retirement get the best advice possible. AdvertisementAdvertisementThe Biden administration is continuing its crackdown on junk fees — and this time, retirement savings are in the limelight. A new proposed rule by the Department of Labor would close what the administration calls "loopholes" in retirement advice, potentially saving retirees billions. However, some advisers steer their clients towards what's best for them, not the retirement savers, he said. Currently, the Securities and Exchange Commission has regulations mandating that investment advice needs to be in a saver's best interest.
Persons: Biden, Obama, , DOL, that's, they're, LIMRA, Jason Berkowitz, Berkowitz Organizations: Service, Department of Labor, Securities and Exchange Commission, SEC, White, Federal Reserve, FTC, The Department, Labor Locations: pushback, Washington
Cheap, second-hand, and purloined weapons comprised Hamas’ deadly makeshift arsenal that fueled a devastating, multi-pronged attack on Israel over the weekend. CNN analyzed dozens of photos and videos of Hamas militants during the surprise assault to identify the weapons used to kill at least 1,200 people in Israel. In previous battles with Israel, Hamas was known to have fired rockets made of old water pipes, the researcher noted. BulldozersPhoto-illustration: CNN/Mohammed Fayq Abu Mostafa/ReutersSeveral experts who spoke to CNN emphasized the ad hoc nature of the Hamas attack. In some videos, Hamas militants can be seen driving Israel Defense Forces (IDF) vehicles and using Israeli weapons that were likely taken during the initial fighting.
Persons: presumedly, , Mike Lyons, Lyons, , Oren Ziv, ” Lyons, John Spencer, toted, Stephen Biddle, “ It’s, they’re, Spencer, Saddam Hussein, “ They’re, Din, ” Ali Baraka, Frank McKenzie, Jack Guez, David Benson, ” Benson, Biddle, ” Spencer, Paragliders, Sean Elliott, ” Elliott, , Mohammed Fayq Abu Mostafa, Organizations: CNN, US State Department, US, Urban Warfare, Modern, Institute, ” AK, toted AK, Columbia University, Hamas ’ Telegram, AK, ” Rockets, Telegram Hamas, Israel’s, , Hamas, Hamas National Relations, US Central Command, Nova, Industry & Regulatory, Experimental Aircraft Association, Israel Defense Forces Locations: Israel, Iran, Gaza, Egypt, Soviet, West, Afghanistan, Iraq, Libya, British, Jihad, Lebanon, Russia, Kalashnikovs, Sderot, Kfar Aza, Beit Lahia, Palestinian, Spain
WASHINGTON — The White House on Wednesday will announce new initiatives to rein in tens of billions worth of surcharges tied to goods and services, or "junk" fees, in partnership with two of the nation's leading consumer-protection agencies. "When people request basic information about their accounts, big banks cannot charge them massive fees or trap them in endless customer service loops," Chopra told reporters on Tuesday. "Charging a competitive price for a legitimate service makes sense but charging junk fees for basic customer responsiveness doesn't. Both the FTC and the CFPB have taken preliminary actions toward cracking down on junk fees over the past few months. Earlier this year, the CFPB released a rule proposal on excessive credit card fees, while the FTC began targeting unfair practices in ticketing and other fees in late 2022.
Persons: Joe Biden, WASHINGTON —, surcharges, Lael Brainard, Lina Khan, Rohit Chopra, Khan, Chopra, Wells Organizations: WASHINGTON, National Economic Council, Federal Trade, Consumer Financial, Bank of America, Regions Bank, Information, Regulatory Affairs, NEC, of Economic Advisers, FTC Locations: Israel, Washington , DC
Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.
Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago
President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration after his first choice withdrew in the face of Republican opposition nearly six months ago. The FAA, which regulates airline safety and manages the nation's airspace, has been run by back-to-back acting administrators since March 2022. Whitaker was deputy FAA administrator – a job that does not require Senate approval – from 2013 to 2016. Last year, Biden nominated Denver International Airport CEO Phillip Washington, but he withdrew in March after his nomination stalled in the Senate Commerce Committee. Republicans and independent Kyrsten Sinema argued that Washington lacked adequate aviation experience — his background is mostly in city transit systems, having held the Denver airport job only since mid-2021.
Persons: Michael G, Whitaker, Joe Biden, Obama, Biden, Phillip Washington, Kyrsten Sinema Organizations: UAL Corp, Transportation, Aviation, United, European, Federal Aviation Administration, FAA, Hyundai, TWA, American Airlines, United Airlines, Denver International Airport, Senate, Washington Locations: United States, Washington ,, InterGlobe, India, Denver
President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration after his first choice withdrew March after running into opposition from Republican senators. Whitaker's nomination had been expected for months, and Biden's announcement was praised by several industry and labor groups. The FAA, which regulates airline safety and manages the nation's airspace, has been run by back-to-back acting administrators since March 2022. The first, Billy Nolen, who left FAA in June to join another air taxi company, Archer Aviation, praised Whitaker's nomination in a recent interview. Sara Nelson, president of the Association of Flight Attendants, urged the Senate to confirm Biden’s pick quickly.
Persons: Joe Biden, Obama, Biden, Michael G, Whitaker, Phillip Washington, Kyrsten Sinema, Sen, Ted Cruz, Biden's, Mike, ” Cruz, Stephen Dickson, Donald Trump, Billy Nolen, , , ” Nicholas Calio, Sara Nelson, “ Whitaker Organizations: Federal Aviation Administration, Republican, FAA, Hyundai, TWA, American Airlines, United Airlines, Denver International Airport, Senate, Washington, GOP, Archer Aviation, Airlines for, Association of Flight Locations: InterGlobe, India, United States, Denver, Ted Cruz of Texas, Airlines for America
AQUIFERS AQUIFERS AQUIFERS WASH. MAINE MONT. MONITORING WELLS MONITORING WELLS MONITORING WELLS WASH. MAINE MONT. FLA. DECLINING WELLS DECLINING WELLS DECLINING WELLS WASH. MAINE MONT. FLA. UNCHARTED WATERS America Is Using Up Its Groundwater Like There’s No Tomorrow Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed. Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Note: Colors depict the median trend for each site over the previous 20 years.
Persons: CONN, WELLS, Rebecca Noble, breadbasket, overpumping, ” Don Cline, There’s, Christopher Neel, Loren Elliott, Mr, Neel, they’re, , Bridget Scanlon, Ashraf Rateb, Warigia Bowman, ” Rebecca Noble, Farrin Watt, what’s, Brownie Wilson, Wilson, Watt, Bill Golden, , Fayetteville ARKANSAS Little Rock Texarkana Ayden Massey, Kevin Rein, haven’t, Rein, ’ ”, Charles County, Jason Groth, “ It’s, Saturday, Groth, CHARLES COUNTY, MARYLAND CHARLES, CHARLES COUNTY David Abrams, they’ve, homebuyers, Susan Asmus, ” Ms, Asmus, Upmanu Lall, Angelo Fernández Hernández, Biden, Ron Wyden, Wyden, Courtney Briggs, Overpumping, Cline, Dan Dubois, Ryan Smith, Smith, Bill Keach, Ann Tihansky, Joseph Cook, Rob Dotson, Enoch, ” Mr, Dotson, Claire O'Neill, Matt McCann, Umi Syam.Edited, Jesse Pesta, Douglas Alteen Organizations: ALA, MISS, IOWA NEB, N.J . OHIO NEV, DEL, UTAH W.VA, MAINE, New York Times, America, The Times, The New York Times, Hamptons, United States Geological Survey, Times, NEV . OHIO DEL, Oklahoma Water Resources Board, Jet Propulsion Laboratory, NASA, University of Texas, Oklahoma and, University of Tulsa, Groundwater Monitoring, Kansas, Wichita, Management, Livestock, Kansas Geological Survey, Kansas State University, Arkansas Department of State, Fayetteville ARKANSAS Little Rock, Fayetteville ARKANSAS Little Rock Texarkana, Arkansas Department of Agriculture, Colorado, Maryland Department of, U.S . Geological Survey, Environmental Protection Agency, ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, Arizona Department of Water, National Association of Home Builders, Columbia Water Center, Columbia University, Democrat, Mr, Power, American Farm Bureau Federation, . Geological Survey, The Suffolk County Water Authority, Queens, Stanford, Colorado State University, Arizona Geological Survey, University of Arizona, The New York Locations: MAINE, MINN, VT, N.H . IDAHO S.D, N.Y, WIS, WYO, PA, IOWA, NEV . OHIO, UTAH, COLO . CALIF . VA, KAN . MO, KY, N.C, TENN, OKLA, ., MISS . TEXAS LA, FLA, N.H . IDAHO, R.I . PA, N.J . OHIO, N.D, N.J, ARIZ, WELLS, MONT, WELLS MAINE MONT, United States, Mississippi, Illinois, America, The, The New York Times States, Kansas, New York State, American, Phoenix, Utah , California, Texas, N.J . IOWA, CONN, Texas , Oklahoma, Colorado, Oklahoma, California, Arizona, Austin, Oklahoma and Texas, Wichita County, Western Kansas, Ogallala, Kansas City Topeka KANSAS Wichita, KANSAS, In Arkansas, Arkansas, Fayetteville, Fayetteville ARKANSAS Little Rock Texarkana, ARKANSAS, Maryland, Charles, Washington, Baltimore MARYLAND Washington, Baltimore Washington, MARYLAND, Potomac, U.S, ARIZONA, ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells ARIZONA, Arizona , Texas, Utah, Oregon, , Florida, Gulf Coast and California, New York, Queens, Brooklyn, The Suffolk County, Parowan Valley , Utah, Norfolk, Va, Mexico, Vietnam, San Joaquin Valley, San Luis Valley, Enoch, Houston, Florida, Enoch’s
Many sunscreen ingredients that have appeared in foreign-made sunscreens for decades, favored by consumers for their ease of use, are still awaiting approval by the F.D.A. The ultraviolet-filtering compounds amiloxate, enzacamene and octyl triazone, for instance, have all been stuck in the F.D.A. In November 2014, President Barack Obama signed the Sunscreen Innovation Act into law. five years to approve or deny the use of new sunscreen ingredients, including several that had been under review since 2002. said it was committed to helping “facilitate the marketing of sunscreen products that include additional over-the-counter sunscreen active ingredients.” It continued, “To do so, the F.D.A.
Persons: octyl, Barack Obama, , Thomas F, Myers, Organizations: Care Products Council
John Rogers, who joined Goldman in 1994 and served as chief of staff to four of the bank's CEOs, is giving up that role next month, Solomon said in the employee memo. For decades, Rogers, 67, wielded outsized influence at Goldman, an institution sometimes called "Government Sachs" because former executives have gone on to presidential administration roles. While Rogers is ceding his chief of staff responsibilities to Russell Horwitz, a former deputy of his who was most recently global affairs chief of Citadel, he is retaining other roles. As incoming chief of staff, Horwitz, who spent 16 years at Goldman before departing in 2020, will oversee corporate communications and government and regulatory affairs. "Please join me in thanking John for his long and impactful tenure as chief of staff, as well as his continued commitment to Goldman Sachs in his other firmwide responsibilities, and in welcoming Russell back to Goldman Sachs," Solomon said.
Persons: John Rogers, Goldman Sachs, David Solomon, Goldman, Solomon, Rogers, Sachs, Hank Paulson, Russell Horwitz, Horwitz, John, Russell Organizations: Securities Industry, Financial, Washington , D.C, Goldman, The New York Times, Citadel Locations: Washington ,
Hong Kong CNN —China has a new central bank governor. He replaced Yi Gang, who took office in March 2018, when China’s longest-serving central banker Zhou Xiaochuan stepped down after a 15-year tenure. He was previously a deputy governor of the PBOC and has served as head of China’s foreign exchange regulator since 2016, managing currency reserves worth $3.18 trillion. In China’s political system, the Communist Party boss is usually the top official in the relevant organization, be it a level of government or a public institution. In March, Beijing created a powerful financial watchdog run by the Communist Party, named the Central Financial Commission, as part of a broad reform of governing bodies to strengthen the party’s oversight of economic affairs.
Persons: Pan Gongsheng, Yi Gang, Zhou Xiaochuan, Xi Jinping, Xi, , Ken Cheung, Zhou Organizations: Hong Kong CNN, People’s Bank of China, Communist Party, Renmin University of China, Cambridge University, Harvard University, Xinhua, Mizuho Bank, Central Financial Commission, Financial Regulatory Locations: Hong Kong, China, Beijing
Minneapolis CNN —US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and maintaining headcounts even as demand softens. Employees work at CannaCraft's March and Ash retail cannabis store in San Diego's Mission Valley neighborhood. Grey Duck’s sales picture will become clearer in the next three months, Bossen said. “We’re going to do whatever it takes to keep that staff employed and productive, even if things slow down,” he said.
Persons: , Dana Peterson, ” Peterson, it’s, Ash, Tiffany Devitt, CannaCraft, Ash CannaCraft, , Devitt, Stephen Juneau, they’re, Matt Bigelow, Gusset Jean, Bigelow, ‘ Waddle, Rob Bossen, Grey, Eli Nord, Bossen, “ We’re, waddle Organizations: Minneapolis CNN, Conference Board, Conference, Business, CNN, Golden State, of Labor Statistics, Bank of America, Labor, Bureau of Labor Statistics, USA Brands, Gusset Jean Co, Vermont, Company Locations: Minneapolis, , headcount, California, Golden, Diego's, CannaCraft, Sonoma County, Juneau, Vermont, Johnson , Vermont, Roseville , Minnesota, China, Roseville
This spring the Biden administration proposed or implemented eight major environmental regulations, including the nation’s toughest climate rule, rolling out what experts say are the most ambitious limits on polluting industries by the government in a single season. Piloting all of that is a man most Americans have never heard of, running an agency that is even less well known. But Richard Revesz has begun to change the fundamental math that underpins federal regulations designed to protect human health and the environment. Mr. Revesz, 65, heads the obscure but powerful White House Office of Information and Regulatory Affairs, which is effectively the gatekeeper and final word on all new federal regulations. It has been known as the place where new rules proposed by government agencies, particularly environmental standards, go to die — or at least to be weakened or delayed.
Prospects for lab-grown meat to land on American dinner plates got a boost last fall when the Food and Drug Administration for the first time declared cultivated chicken, grown by Upside Foods, safe to eat. “It’s nearly time to eat cultivated meat,” Eric Schulze, Upside’s vice president of global scientific and regulatory affairs, said on Twitter as the company toasted the milestone with Champagne emojis. “Our Upside chicken is coming to consumers very soon.”
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