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A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. Workers on Thursday voted to authorize the Offshore Alliance of unions to call a strike at Chevron's Gorgon and Wheatstone projects. In a Facebook post on Friday, the union alliance said of Chevron's senior management team: "Their stupidity is about to cost them $billions in lost production and profit." The Offshore Alliance, which combines the Maritime Union of Australia and Australian Workers' Union, must give Chevron seven working days' notice before a strike. The Offshore Alliance announced on Friday that workers had "overwhelmingly endorsed" the draft agreement in a meeting the previous evening.

Persons: Dado Ruvic, Wheatstone, Saul Kavonic, Renju Jose, Lewis Jackson, Cynthia Osterman, Kim Coghill Organizations: Chevron, REUTERS, Rights, Workers, Offshore Alliance, North West Shelf, Maritime Union of Australia, Australian Workers ' Union, South, Taiwan . Energy, West Shelf, Woodside, Thomson Locations: Chevron's, Australia, Woodside, Europe, China, Japan, South Korea, Taiwan, Woodside's, Dutch, Sydney

☆ Opinion | Nikki Haley Is the Best Trump Alternative
▼ + stars: | 2023-08-24 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

She was the candidate brave enough to state the obvious truth that Trump took decades of G.O.P. The other candidates assumed the usual conservative postures about cutting taxes and spending, but she introduced the reality: Under Trump, the G.O.P. She seems to be one of the few candidates who understands that to run against Trump you have to run against Trump. Haley, by contrast, seems to believe that voters are intelligent enough to be treated as adults. But if any of my friends and acquaintances want to stop Trump, this is their moment to give Haley her chance.

Persons: Trump, Ron DeSantis, Haley, Saul Bellow, Ramaswamy, Mike Pence, Pence, Reagan, haven’t Organizations: Trump, Republican, hokum, Tea Party

"It's pleasing that Woodside has made our members a strong offer without industrial action being taken," Gandy added in a statement. The project in Western Australia, along with the Gorgon and Wheatstone LNG facilities of Chevron Corp (CVX.N), account for about one-tenth of global supplies. Workers at Chevron's facilities are also considering industrial action, and the combined threats had supported LNG prices over the past few weeks. The Woodside workers unions had threatened to strike as early as Sept. 2 unless their demands for better pay and conditions were met. Asia spot LNG prices remained supported at above $14 per million British thermal units at Wednesday's close, with traders still cautious about LNG supplies from Australia.

Persons: Chris Helgren, Brad Gandy, Woodside, Gandy, Warren Patterson, Saul Kavonic, Renju Jose, Florence Tan, Sonali Paul, Stephen Coates, Miral Organizations: Woodside Energy, REUTERS, Rights, Woodside, North West Shelf, Workers, Chevron Corp, Chevron, North West, Australia . Energy, Thomson Locations: Vancouver , British Columbia, Canada, Rights SYDNEY, SINGAPORE, Western Australia, Woodside, Asia, Wednesday's, Australia, Sydney, Singapore

☆ Australia gas strike threat: Negotiations are going well despite the inflamed rhetoric, analyst says
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia gas strike threat: Negotiations are going well despite the inflamed rhetoric, analyst saysSaul Kavonic, an LNG analyst, discusses Australian unions' plan to strike at gas platforms and says the risk of a material LNG supply disruption remains "exceptionally low."

Persons: Saul Kavonic Organizations: Australia

In the latest challenge to the role race may play in school admissions, a legal activist group asked the Supreme Court on Monday to hear a case on how students are selected at one of the country’s top high schools, Thomas Jefferson High School for Science and Technology. A divided three-judge panel of the U.S. Court of Appeals for the Fourth Circuit ruled in May that Thomas Jefferson, a public school in Alexandria, Va., did not discriminate in its admissions. The Pacific Legal Foundation, a libertarian law group, wants the Supreme Court to overturn that decision, arguing that the school’s new admissions policies disadvantaged Asian American applicants. At issue is the use of what the school board said were race-neutral criteria to achieve a diverse student body. “This is the next frontier,” Joshua P. Thompson, a lawyer with the Pacific Legal Foundation, has said of the litigation.

Persons: Thomas, Thomas Jefferson, Joshua P, Thompson Organizations: Thomas Jefferson High School for Science, Technology, U.S ., Appeals, Fourth Circuit, Pacific Legal Foundation, Harvard, University of North Locations: Alexandria, Va, University of North Carolina

☆ Cargill chartered ship sets sail to test wind power at sea
▼ + stars: | 2023-08-21 | by ( Jonathan Saul | ) www.reuters.com time to read: +2 min

[1/5] Pyxis Ocean retrofitted with WindWings sets sail during its maiden voyage, in this undated handout picture, Mid-Sea, August 2023. Cargill, one of the world’s biggest ship charterers, has been exploring wind assisted propulsion as one cleaner energy option. Pyxis Ocean will sail from Singapore and head to Brazil and is likely to transport a cargo of grain to Denmark, Dieleman said. The vessel is then likely to remain in the north Atlantic area to maximise wind usage, he added. BAR Technologies, which has designed boats for the America's Cup, developed the sails, which were built by Norway's Yara Marine Technologies.

Persons: Jan Dieleman, Dieleman, Cargill, Norway's, Jonathan Saul, Kirsten Donovan Organizations: Cargill, Handout, REUTERS Acquire, Reuters, BAR Technologies, Norway's Yara Marine Technologies, Thomson Locations: U.S, Singapore, Brazil, Denmark

☆ Trump’s request for 2026 trial in election case based on ‘faulty’ logic, special counsel says
▼ + stars: | 2023-08-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Special counsel Jack Smith speaks to members of the media at the US Department of Justice building in Washington, DC, on August 1, 2023. Saul Loeb | AFP | Getty ImagesSpecial counsel Jack Smith argued Monday that there was no good reason why Donald Trump's federal election interference trial should be delayed until spring of 2026, as the former president is requesting. Smith previously suggested Trump's trial should start on Jan. 2. Zoom In Icon Arrows pointing outwards A graphic from a court filing from former President Donald Trump’s legal team proposing that the federal election interference trial start in April 2026. The argument from Trump's lawyers "rests on the faulty assertion that it is necessary for a lawyer to conduct a page-by-page review of discovery for a defendant to receive a fair trial," Smith wrote.

Persons: Jack Smith, Saul Loeb, Donald Trump's, Smith, Donald Trump’s, Courthouse Smith, Donald Trump, LIV, Timothy A, Clary Organizations: US Department of Justice, AFP, Getty, Washington , D.C, Courthouse, Trump National Golf Club Bedminster Locations: Washington ,, Fulton, Bedminster , New Jersey

Chevron and Woodside negotiated with unions on Tuesday to avert potential industrial action over pay and conditions at Australian facilities that supply about 10% of the LNG market. Meanwhile, workers at three Chevron facilities, Gorgon, Wheatstone platform and Wheatstone downstream, will vote on potential industrial action after the industrial umpire approved the ballots. Even if members vote for industrial action, the unions will still have discretion over whether to call for any. Possible industrial action could range from 30-minute work stoppages all the way to complete strikes. Employers must be given seven days' notice before industrial action.

Persons: Florence Tan, Saul Kavonic, Lewis Jackson, Bernadette Baum Organizations: Woodside Energy, World Gas, REUTERS, Chevron, Woodside Energy Group, Woodside, Reuters, Workers, West Shelf, Offshore Alliance, Credit Suisse, Thomson Locations: Daegu, South Korea, Woodside

"We are sons of Jenin," said one of the Islamic Jihad fighters, who identified himself as Abu Salah. Islamic Jihad is a Palestinian faction sworn to destroying Israel and replacing it with an Islamic state. Many of the Palestinian attackers who have killed Israelis in Israel and the West Bank came from the area. Sometimes the transfers involve criminals and sometimes legitimate or semi-legitimate businesses help to move funds to the West Bank, the militant sources said. Much of the weaponry used by the Jenin fighters comes from Israel itself, stolen and sold on through criminal gangs, Israeli officials say.

Persons: Raneen, Tzachi Hanegbi, Abu Salah, Benjamin Netanyahu's, Mahmoud Al, Saadi, Tamir Hayman, Daoud Shehab, Yasser Arafat, Ali Sawafta, James Mackenzie, Suleiman al, Khalidi, Raneen Sawafta, Maayan Lubell, Jonathan Saul, Jerusalem, Nidal, Michelle Nichols, Leila Bassam, David Clarke Organizations: Bank, REUTERS, West Bank, Islamic, Israel's National, Hamas, Islamic Jihad, Hezbollah, HIT, Palestinian Authority, Palestinian, Israel's Institute for National Security, United Nations, Palestinian Center, Policy, Survey Research, Jenin Brigade, Gulf, Aqsa Brigades, Fatah, Thomson Locations: Jenin, JENIN, West, Islamic Jihad, Iran, Jihad, Lebanon, Israel, Oslo, Crescent, Tel Aviv, New York, Nablus, Palestinian Territories, China, Jordanian, Al, Aqsa, Amman, Maayan, Gaza, Beirut, Parisa, Dubai

☆ Ships backed up in Black Sea lanes as Russia warning shots raise tensions
▼ + stars: | 2023-08-14 | by ( Jonathan Saul | ) www.reuters.com time to read: +3 min

LONDON, Aug 14 (Reuters) - Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. After an inspection, the vessel continued its journey towards the Ukrainian port of Izmail along the Danube river, Russia said. Palau-flagged vessel Sukru Okan transits Bosphorus on its way to the Black Sea in Istanbul, Turkey August 13, 2023 this screen grab from a video. Romania on Monday said that it aimed to double the monthly transit capacity of Ukrainian grain to Constanta to 4 million tonnes in the coming months. Sunday's incident cast a pall over plans announced by Ukraine last week for a "humanitarian corridor" in the Black Sea to release cargo ships trapped in Ukraine's ports since the outbreak of war.

Persons: Vasily Bykov, Kviv, Izmail, Gard, Tayyip Erdogan, Vladimir Putin, Joseph Schulte, BSM, Jonathan Saul, Conor Humphries Organizations: Merchant, Insurance, REUTERS, UN, Group, Reuters, Thomson Locations: Russian, Russia, Palau, Izmail, Musura, Romanian, Constanta, Istanbul, Turkey, Romania, Ukraine, Moscow, Ukrainian, Norwegian, Odesa

☆ The 2024 Election Will Break New Ground
▼ + stars: | 2023-08-09 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

Persons: William A, Galston, Ezra K, Saul Stern, Dean, Clinton, Association’s Hubert H, Humphrey Organizations: Street, Zilkha, Brookings Institution’s, Brookings, School of Public Policy, University of Maryland, Institute for Philosophy, Center for Information, Research, Civic, National Commission, Domestic, Liberal Pluralism, Public, Rowman & Littlefield, Liberal Democracy, Yale, American, American Academy of Arts and Sciences Locations: Brookings

"It is not going to be easy for them (Russia)," said one industry executive with knowledge of grains exports. Last year, Russia exported a record volume of wheat on ships chartered from international companies and traders. "Most of what is coming out is dealt with by Russian traders using (shadow) fleet ships, which international traders would not touch". The Black Sea remains a critical area for Russian exports, with other locations more complicated and costly. Russia's Black Sea terminals handle about 70% of the country's grain exports.

Persons: Vladimir Putin, Eduard Zernin, Zernin, Cargill, Louis Dreyfus, Viterra, Dreyfus, Bunge, Denmark's, Mike Salthouse, Rosagroleasing, Victoria Mitchell, Jonathan Saul, Nigel Hunt, Polina Devitt, Gus Trompiz, Frank Jack Daniel Our Organizations: General's, REUTERS, Russia's, Grain, Reuters, International Grains Council, Russian, Control, Thomson Locations: Russian, Odesa, Ukraine, Russia Russia, Moscow, Africa, Novorossiysk, Russia's Union, Russia, Turkey, China, Denmark's NORDEN, Bulgaria, Romania, United States, Europe, Taman, Russia's, ., London, Paris

☆ Simone Biles stepped away from ‘corrosive’ gymnastics for mental health. Now she’s back
▼ + stars: | 2023-08-04 | by ( Savanna Stewart | ) edition.cnn.com time to read: +10 min

“We’ve never seen an athlete like Simone Biles,” Ryan said. And yet that sport was corrosive enough and abusive enough that she really had to step away for her own mental health,” added Ryan. “I have to focus on my mental health and not jeopardize my health and well-being.”Biles was replaced in the all-around final by Jade Carey, who had finished ninth in the qualifying round. More than 150 athletes, including Biles, said that the former USA Gymnastics team doctor sexually abused them under the guise of providing medical treatment. “I think this just really shows the lack of leadership of USA Gymnastics and the United States Olympic Committee.”However, there is hope that a brighter future is in store for USA Gymnastics.

Persons: –, “, Joan Ryan, ” Ryan, Ryan, ” Simone Biles, Biles, “ We’ve, Simone Biles, ”, ” Biles, Jade Carey, Carey, Jamie Squire, Simone, ” Carey, Ryan’s, Dmitri Lovetsky, ’ ” Ryan, Larry Nassar, Nassar, …, McKayla Maroney, Aly Raisman, Maggie Nichols, General's, Saul Loeb, Jake Tapper, ” Raisman, Jill Geer, Gabby Douglas, Suni Lee, ” Geer, Geer, Douglas — Ryan, “ It’s, you’ve, what’s Organizations: CNN, CNN Sport, Olympics, USA Gymnastics, Oregon State University, US Gymnastics Federation –, Tokyo, USA, United States Olympic, Paralympic, New York, United, Capitol, United States Olympic Committee, National Team, “, ”, US women’s Locations: Hoffman Estates , Illinois, Tokyo, United States, Washington, Biles, “, Paris

☆ Consumers may soon get up to $14,000 or more in rebates for making energy-efficient home upgrades — if states sign on
▼ + stars: | 2023-08-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Emilija Manevska | Moment | Getty ImagesConsumers may soon be able to access $14,000 or more of federal rebates for making energy-efficient upgrades to their home. The IRA devotes a total of $8.8 billion for two initiatives: the Home Efficiency Rebates program (which offers up to $8,000) and the Home Electrification and Appliance Rebates program (up to $14,000). However, consumers may be able to pair rebates with certain clean energy tax credits, which are currently available. How the Home Efficiency Rebates program worksIn dollar terms, larger rebates are generally available to the lowest earners. How the Home Electrification and Appliance Rebates program works

Persons: Emilija, Joe Biden, Kara Saul Rinaldi, We've, Jennifer Amann, Amann Organizations: Getty, Energy, AnnDyl, Home Energy, American Council for, Weatherization, U.S . Department of Housing, Urban Locations: Florida

☆ Mark Margolis, Scene Stealer from ‘Breaking Bad,’ Dies at 83
▼ + stars: | 2023-08-04 | by ( Alex Williams | More About Alex Williams | ) www.nytimes.com time to read: +1 min

But no role made him as instantly recognizable to millions of viewers as his Hector in Vince Gilligan’s critically acclaimed AMC series “Breaking Bad,” starring Bryan Cranston, Aaron Paul, Anna Gunn and Giancarlo Esposito, and its prequel, “Better Call Saul,” with Bob Odenkirk and Rhea Seehorn. The role, in “Breaking Bad,” brought him an Emmy nomination in 2012 for outstanding guest actor in a dramatic series. His Hector, or Tio, was indelible. Despite his lack of dialogue in “Breaking Bad,” Mr. Margolis proved a scene stealer from his wheelchair, his eyes bulging, his face trembling with rage, despite the nasal cannula pumping oxygen up his nose and his palm furiously banging his bell, taped to an arm of the chair, whenever he needed attention. “I tell people I’m the second-most famous bell ringer after Quasimodo,” he said in a 2016 interview with Vulture, New York magazine’s culture site.

Persons: Hector, Vince Gilligan’s, ”, Bryan Cranston, Aaron Paul, Anna Gunn, Giancarlo Esposito, Saul, Bob Odenkirk, Rhea Seehorn, Walter White, Cranston, ” Mr, Margolis, “, Quasimodo Locations: New Mexico, , New York

☆ Mark Margolis, ‘Breaking Bad’ and ‘Better Call Saul’ actor, dead at 83
▼ + stars: | 2023-08-04 | by ( Marianne Garvey | ) edition.cnn.com time to read: +4 min

CNN —Mark Margolis, a veteran actor known for his performances on “Breaking Bad” and “Better Call Saul,” has died, his son, actor and Knitting Factory Entertainment CEO Morgan Margolis, told CNN in a statement. Margolis received an Emmy nomination in 2012 for portraying Hector “Tio” Salamanca in “Breaking Bad.” Tio, a fan-favorite character, was a former cartel enforcer who communicated using a brass bell attached to his wheelchair. The fact that he didn’t have any words was not an issue for me,” Margolis told Time in 2013 of the role. Insecure is probably the word.”Margolis joked about being known for his “Breaking Bad” bell-ringing skills when he was hired to be in a commercial for an Apple watch app. Later on Friday, Cranston posted a tribute to Margolis on Instagram, writing, “Mark Margolis was a really good actor and a lovely human being.

Persons: Mark Margolis, Saul, ”, Morgan Margolis, Margolis, Hector “ Tio ”, ” Tio, Tio, ” Margolis, “, Ventura, Oz, Darren Aronofsky, Stella Adler, ’, ’ ” Margolis, Vulture, Quasimodo, It’s, Saul ”, Jonathan Banks, Jacqueline, Cranston, Instagram, “ Mark Margolis, ” Cranston, ” Aronofsky Organizations: CNN, Knitting Factory Entertainment, Mount Sinai, Apple Locations: New York City, Hector “ Tio ” Salamanca, “, New Mexico, New York

☆ Texas A&M Agrees to $1 Million Settlement With Journalism Professor
▼ + stars: | 2023-08-03 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: +1 min

Texas A&M University acknowledged on Thursday that top university officials, fearing criticism from conservatives, had made “significant mistakes” in their failed effort to hire a prominent Black professor to run the university’s journalism program. It said it had reached a $1 million settlement with the professor, Kathleen McElroy. Then, following complaints about her hiring from university regents, they changed the terms of her contract. What had started as an offer of a full faculty position with tenure was reduced to a one-year appointment with no tenure, the university’s report says. Dr. McElroy, who had run the journalism program at the University of Texas and was formerly an editor at The New York Times, announced in July that she would not take the job, less than a month after Texas A&M had held a public signing ceremony to welcome her, complete with balloons.

Persons: Kathleen McElroy, McElroy’s, Dr . McElroy Organizations: Texas, M University, University of Texas, The New York Times

☆ Romania bids to clear Danube logjam after Ukraine attack
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +4 min

Romanian authorities managing the waterway still expect a "peak" in traffic in August, despite the attack, an official said. Before Russia pulled out of the safe passage corridor, the Danube ports accounted for around a quarter of Ukraine's grain exports. Romanian President Klaus Iohannis said Russia's attacks on Ukraine's civilian infrastructure on the Danube amounted to war crimes. "We will clear around 30 ships in two days, at least 12 today, if not 14, and the rest tomorrow." Industry sources have told Reuters war risk cover for Ukraine's ports that were part of the previous grain deal had already been suspended.

Persons: Klaus Iohannis, Florin Uzumtoma, Uzumtoma, Izmail, Denys Shmyhal, Shmyhal, Mykola Solsky, Luiza Ilie, Jonathan Saul, Pavel Polityuk, Peter Graff, Conor Humphries Organizations: United, Reuters, underwriters, Industry, Insurance, NATO, Thomson Locations: Romania, Ukraine, BUCHAREST, KYIV, Izmail, Ukrainian, Russia, United Nations, Turkey, Romanian, Constanta, Musura, Bucharest, London, Kyiv

☆ Fact Check-Biden and Trump edited in side-by-side photos
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Side-by-side images of U.S. President Joe Biden and former President Donald Trump have been altered, with Biden changed to make his skin appear smoother and Trump altered to make him appear wider. The unaltered photograph of Biden was captured by AFP photographer Saul Loeb on July 8 and shows the president near his house in Rehoboth Beach, Delaware (here). The unaltered version was published by various outlets including the Daily Mail (here). The unaltered image of Trump was published by outlets including The Guardian (here). Biden’s skin appears less smooth in the unaltered version of the photograph taken in July 2023, while Trump appears thinner at the hips in the unaltered image of him captured in July 2020.

Persons: Joe Biden, Donald Trump, Biden, Saul Loeb, Trump, Brett Favre, Read Organizations: Trump, Daily Mail, White, NFL, Guardian, Reuters Locations: Rehoboth Beach , Delaware, Bedminster , New Jersey

☆ Israel’s spy veterans take on their government over judiciary overhaul
▼ + stars: | 2023-08-01 | by ( Jonathan Saul | ) www.reuters.com time to read: +5 min

But he's a very unusual protester - a former Mossad spy who never before questioned the state for which he once risked his life on foreign missions. Amir, who declined to be fully named due to his sensitive previous secret roles, is among former veterans of Mossad, Israel's foreign intelligence service, who are taking to the streets in protest at their government's judiciary overhaul. Reuters spoke with two other former Mossad officials who are also involved in the protests and more fearful of the impact the legislation will have on Israel's security system. Yossi Cohen, another former Mossad chief, spoke of his concerns for "Israel's immediate national security". "At a time when the Iranian threat looms over us from multiple fronts, we must ensure Israel's security remains unharmed," Cohen wrote in a July 23 commentary in the Yedioth Ahronoth daily.

Persons: Amir Cohen, Netanyahu, Amir, Benjamin Netanyahu's, Efraim Halevy, Iran, Haim Tomer, Tomer, Adolf Eichmann, Gil, Yossi Cohen, Cohen, Michael Georgy, Mark Heinrich Our Organizations: REUTERS, HERZLIYA, Reuters, Minister's, Mossad, Thomson Locations: Tel Aviv, Israel, Herzliya, Europe

Mr. DeSantis and his allies, however, are testing the limits of the campaign finance system. The filings showed that the super PAC had received donations of more than $1 million from just seven wealthy Republicans, or firms connected to them. One of those donors, Saul Fox, also gave money to a super PAC supporting Mr. Trump. The super PAC did not reach $30 million until almost two months later, the week that Mr. DeSantis formally became a presidential candidate. When Mr. DeSantis’s super PAC made the earlier claim about its fund-raising, the money raised came primarily from a single megadonor, Robert Bigelow, a real estate and aerospace mogul from Las Vegas.

Persons: DeSantis, DeSantis’s, Saul Fox, Trump, Robert Bigelow Organizations: PAC, Mr, DeSantis’s Locations: Iowa, Las Vegas

☆ Why so many Americans feel trapped in their homes by their low-rate mortgages
▼ + stars: | 2023-08-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Saul Loeb | AFP | Getty ImagesThe recent spike in mortgage rates has created a so-called golden handcuff effect. For homeowners, a low mortgage rate is similar. Nearly 82% of home shoppers said they felt "locked-in" by their existing low-rate mortgage, according to a recent survey by Realtor.com. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. Mortgage rates may not return to sub-3% levels again anytime soon — if ever.

Persons: Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, Tomas Philipson, Philipson, Saul Loeb, he'd, Zillow, Greg McBride, Sam Khater, Freddie Mac's, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, AFP, Getty, Jacob Channel Locations: Mobile , Alabama, Tennessee, Arlington , Virginia, Bankrate.com, LendingTree

☆ Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets
▼ + stars: | 2023-07-27 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

(Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks' capital requirements to address evolving international standards and the recent regional banking crisis. The changes will broadly raise the level of capital that banks need to maintain against possible losses, depending on each firm's risk profile, the agencies said. While the heightened requirements apply to all banks with at least $100 billion in assets, the changes are expected to impact the biggest and most complex banks the most, they said. "Improvements in risk sensitivity and consistency introduced by the proposal are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements," the regulators said in a fact sheet. Tier 1 common capital levels measure an institution's presumed financial strength and its buffer against recessions or trading blowups.

Persons: Michael Barr, Martin Gruenberg, SAUL LOEB, Long Organizations: Federal Reserve, Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty Images, Federal Deposit Insurance Corp, Basel III Locations: Washington , DC, Basel

☆ Half of Americans polled see China as the biggest threat to the U.S., says Pew
▼ + stars: | 2023-07-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

Saul Loeb | Afp | Getty ImagesHalf of Americans polled widely view China as the biggest threat facing the U.S., a new Pew research center survey revealed. In an open-ended question, Americans were asked to name any country as the greatest threat to the U.S. — 50% named China. While it's difficult to compare responses from year to year, Pew noted that "Americans have not always seen China as the top threat to the United States." "When we last asked a question of this sort in 2019, equal shares of Americans pointed to China and Russia as the greatest threat facing their country," it said. The survey reflects Americans' view of China have become more negative over time — particularly since 2020, added Pew.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Pew, Laura Clancy, we've, Pew's Clancy, Henry Kissinger, Kissinger, Biden, Antony Blinken, Janet Yellen, John Kerry Organizations: Afp, Getty, Pew, CNBC, U.S . Locations: Nusa Dua, Bali, China, Russia, United States, U.S, Ukraine, Taiwan Strait, Beijing, Washington

☆ Merit Means More Than Grades and Tests
▼ + stars: | 2023-07-26 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

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