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☆ Yellen announces $100 million affordable housing fund as shelter costs weigh on Biden
▼ + stars: | 2024-06-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The past several inflation reports have shown prices slightly cooling off, but shelter costs have remained persistently hot. As part of its new actions, Treasury will provide $100 million over the next three years to finance affordable housing projects. Housing costs in particular, which make up some of the largest portions of consumer spending, have remained stubbornly high even as other sectors have cooled down. Biden has tried to punt the responsibility of high housing costs on corporate landlords, accusing them of "rent gouging," keeping consumer rents artificially high even as their own costs have come down.

Persons: Janet Yellen, Joe Biden, Donald Trump, hunkers, Camp David, Yellen, Biden, Adrianne, Pete Buttigieg Organizations: Camp, Housing, Urban, Adrianne Todman, Biden, White, Apartment Association, NAA Locations: Fairfax , Virginia, Minneapolis, Minnesota

PORTLAND, Ore. (AP) — Parts of the Pacific Northwest were under an ice storm warning through Wednesday morning, threatening to add to the damage brought by a powerful winter storm that hit the region over the weekend. The forecast came as much of the United States coped with bitter weather that in some places put electricity supplies at risk. As of Tuesday night, about 52,000 people in Oregon still remained without power, according to the website poweroutage.us. County officials extended a weather state of emergency until noon Wednesday and decided to keep a record 12 overnight emergency weather shelters open for an additional night. “The real limitation for us right now is staffing,” said Dan Field, director of the joint county-city homelessness office.

Persons: Eugene —, “, ”, Justin Brooks, arborist Ryan Cafferky, Dan Field Organizations: ., Rockies, The Tennessee Valley Authority, National Weather Service, Portland Public Schools, Beaverton School Locations: PORTLAND, Pacific Northwest, Washington, Oregon, Portland, Salem, Seattle, United States, Great Plains, Midwest, Mississippi, East Coast, New York, Philadelphia, The Tennessee, Texas, Columbia, Pacific, Lake Oswego , Oregon, Lake Oswego, Beaverton, Multnomah County

☆ India’s Capital Hunkers Down for Annual Airpocalypse
▼ + stars: | 2023-11-08 | by ( Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

In some cities, children look forward to snow days. In New Delhi, as temperatures cool around November trapping filthy air over the Indian capital, parents say their children eagerly await ‘pollution holidays.’The city’s residents are used to a blanket of smog that blots out the sky and heralds the arrival of the Hindu festival of Diwali. Delhi recorded worse average air-quality readings in November 2019 than it has seen this month. But residents and visitors to the city are reeling more than usual this year after experiencing less intense air pollution during the pandemic era.

Locations: New Delhi, Delhi

☆ Bad Bunny Looks Back and Hunkers Down
▼ + stars: | 2023-10-16 | by ( Jon Pareles | More About Jon Pareles | ) www.nytimes.com time to read: +1 min

It’s hard not to ask that question listening to Bad Bunny’s latest flood of songs, the suprise-released album “Nadie Sabe Lo Que Va a Pasar Mañana” (“Nobody Knows What Will Happen Tomorrow”). With this album, Bad Bunny, a.k.a. Bad Bunny has a perpetually startling voice, a baritone that can sing or rap with equal power. Throughout the 2020s, Bad Bunny has smashed expectations and sales records entirely on his own terms. He asserts his Puerto Rican and Caribbean identity and regularly praises his role models; he collaborates across borders and genres.

Persons: a.k.a, Benito Martínez Ocasio, Drake, Ye, Taylor Swift, Beyoncé, doesn’t Organizations: Puerto Locations: Puerto Rican, Caribbean

☆ Hong Kong hunkers down as super Typhoon Saola approaches
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: +1 min

8 storm signal raised for Super Typhoon Saola in Hong Kong, China, on Sept. 1, 2023. Hong Kong braced for the arrival of super typhoon Saola on Friday as authorities raised the strong wind signal to No.8, bringing the city to an effective standstill with most businesses, schools and the stock exchange shut. Saola is expected to skirt within 100km (60 miles) of Hong Kong on Friday night and Saturday morning, causing weather conditions to deteriorate rapidly, the city's weather observatory said. Hong Kong has five rankings for typhoons, 1, 3, 8, 9 and 10, which is the strongest hurricane signal. All schools in Hong Kong will be closed on Friday, despite being the first day of term for many, the government said.

Persons: Hong Kong Organizations: Super Locations: Hong Kong, China, Guangdong, Hong

☆ Hong Kong hunkers down as super typhoon Saola approaches
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A girl reads a book at a bookstore, which windows are taped in anticipation of typhoon Saola in Hong Kong, China August 31, 2023. REUTERS/Tyrone Siu Acquire Licensing RightsHONG KONG, Sept 1 (Reuters) - Hong Kong braced for the arrival of super typhoon Saola on Friday as authorities raised the strong wind signal to No.8, bringing the city to an effective standstill with most businesses, schools and the stock exchange shut. Saola is expected to skirt within 100km (60 miles) of Hong Kong on Friday night and Saturday morning, causing weather conditions to deteriorate rapidly, the city's weather observatory said. Hong Kong has five rankings for typhoons, 1, 3, 8, 9 and 10, which is the strongest hurricane signal. All schools in Hong Kong will be closed on Friday, despite being the first day of term for many, the government said.

Persons: Tyrone Siu, Hong Kong, Farah Master, Ben Blanchard, Lincoln Organizations: REUTERS, Tyrone, Supermarkets, Kong's, Cathay Pacific, Weather Bureau, Thomson Locations: Hong Kong, China, HONG KONG, Guangdong, Hong, Wan Chai district, Taiwan, Fuzhou, Taipei

☆ Amid the largest layoffs in Big Tech history, startups are having unprecedented success hiring top talent. But founders are still skeptical about hiring Big Tech employees.
▼ + stars: | 2023-01-06 | by ( Rosalie Chan | Katie Malone | ) www.businessinsider.com time to read: +7 min

Startups have had unprecedented success hiring top tech talent upending a decades long power imbalance. Suddenly, several thousand quality tech workers were job hunting, and it didn't seem like Big Tech would be hiring them back anytime soon. But lately, things have been changing, and his startup has become more attractive to former Big Tech workers, he said. "Just because they come from Big Tech companies does not mean they're quite suitable for my needs." Still, recruiters told Insider, startups rarely judge tech workers solely on whether they've worked at a Big Tech company or a startup.

☆ Goldman Sachs warns traders of shrinking bonus pool as Wall Street hunkers down
▼ + stars: | 2022-12-02 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Goldman began informing executives in its markets division this week to expect a smaller bonus pool for 2022, according to the people, who declined to be identified speaking about compensation matters. Wall Street is grappling with sharp declines in investment banking revenue after parts of the industry involved in taking companies public, raising funds and issuing stocks and bonds seized up this year. "This year, some of the good money traders made will have to go fund the other parts of the bonus pool." A Goldman spokeswoman declined to comment on the bank's compensation plans. The decrease in the bonus pool comes off a strong year for both trading and investment banking in 2021.

☆ Morning Bid: Uneasy Chair
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. While inflation looks past its peak, labour markets remain super tight and Powell speaks before another crucial nationwide employment report on Friday. Futures market expectations for peak Fed rates next May ticked back above 5% ahead of the speech, with about 35 basis points of rate cuts from there still priced by yearend. China and Hong Kong shares extended gains on Wednesday as market participants cheered an easing of COVID-19 measures in Guangzhou city. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Restrictions in Beijing and elsewhere tightened further on Tuesday, though currency traders seemed to think the previous day's moves were sufficient. In Europe on Tuesday, data from the European Central Bank showed the euro zone's current account deficit narrowed in September. In cryptocurrencies, bitcoin fell to a new two-year low of $15,479 on Monday, another victim of Monday's rush to the dollar, and also amid jitters about the health of crypto broker Genesis. The lending unit suspended redemptions last week, citing fallout from the collapse of FTX, which filed for bankruptcy on November 11. Reporting by Rae Wee and Alun John; editing by Kim Coghill, Jason Neely and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

People collect spring water from a mountain next to a highway in the aftermath of Hurricane Fiona in Cayey, Puerto Rico September 21, 2022. REUTERS/Ricardo ArduengoHAMILTON, Bermuda, Sept 22 (Reuters) - Bermudians boarded up windows and stocked up on groceries and flashlight batteries as Hurricane Fiona drew nearer on Thursday after causing several deaths and leaving many people sweltering without power in Puerto Rico and the Dominican Republic. "It could still jog east and hit Bermuda," said Eric Blake, acting branch chief for the hurricane center in Miami. The U.S. Federal Emergency Management Agency has so far attributed four deaths to the storm in Puerto Rico. read moreAn estimated 1 million homes and businesses remained without power in Puerto Rico on Thursday morning after Fiona hit on Sunday, causing an island-wide power outage for its roughly 3.3 million people.

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