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Why the U.S. has a serious mining worker shortage
  + stars: | 2023-12-08 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
More than half the nation's mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. "Our workforce is aging," said Bold Baatar, chief executive of copper at Rio Tinto. At the same time, demand for rare earth minerals such as lithium, cobalt and copper, critical components used to make batteries for electric vehicles and smartphones, is on the rise. Globally, at least 384 new mines will need to be built to meet demand for electric vehicles by 2035, according to Benchmark Mineral Intelligence. To better understand the role miners play in the transition to green energy, CNBC got a behind-the-scenes look at Rio Tinto's copper mining operation in Utah.
Persons: Baatar Organizations: Society for Mining, Exploration, Rio Tinto, Benchmark Mineral Intelligence, CNBC Locations: Rio, Utah
Supreme Court Hears Biggest Tax Case in Decades
  + stars: | 2023-12-05 | by ( Richard Rubin | Jess Bravin | ) www.wsj.com   time to read: 1 min
The Supreme Court doesn’t take many cases about the scope of federal taxing power. Photo: shawn thew/ShutterstockWASHINGTON—The Supreme Court’s oral arguments in a closely watched case Tuesday could signal whether the justices intend to rein in Congress’ power to tax income. The case, Moore v. U.S., stems from one piece of the 2017 tax law regarding accumulated overseas earnings of foreign corporations. But conservative groups are hoping the justices will reach much further and issue a ruling that could prohibit any future tax on billionaires’ wealth and unrealized capital gains.
Persons: shawn thew, WASHINGTON —, Moore Organizations: WASHINGTON Locations: .
Supreme Court Wary of Remaking Income Tax
  + stars: | 2023-12-05 | by ( Jess Bravin | Richard Rubin | ) www.wsj.com   time to read: 1 min
The Supreme Court doesn’t take many cases about the scope of federal taxing power. Photo: Shawn Thew/ShutterstockWASHINGTON—The Supreme Court looked unlikely to impose strict new limits on Congress’s power to tax income, with some conservative and liberal justices alike signaling wariness about upending long-settled principles of the federal tax code. Tuesday’s arguments involved a relatively small payment required by a one-time charge under the 2017 tax overhaul. Challengers are seeking a ruling limiting income that can be taxed to money “realized” by taxpayers—that is, cash they receive or in some fashion control, as opposed to a mere increase in the value of their holdings.
Persons: Shawn Thew, WASHINGTON —, Organizations: WASHINGTON
CNN —Brian Laundrie told his parents Gabby Petito was “gone” in what is described as a frantic phone call that took place three weeks before her remains were discovered, according to an amended civil complaint filed by Petito’s parents on November 30. Joseph Petito and Nichole Schmidt are suing Laundrie’s parents and their attorney, claiming they intentionally withheld information about 22-year-old Gabby Petito’s death, causing them pain and emotional distress. According to the recent complaint filed by Petito’s parents, Laundrie called his parents on August 29, 2021, and told them Gabby was “gone” and he needed a lawyer. The complaint does not explain how Petito’s parents know about the alleged phone call. MOAB POLICE DEPARTMENTPetito’s parents first alleged Christopher and Roberta Laundrie knew their son had killed Gabby Petito in the spring of 2022.
Persons: Brian Laundrie, Gabby Petito, Petito’s, Joseph Petito, Nichole Schmidt, Gabby Petito’s, Petito, Laundrie, Laundrie’s, Gabby, , Christopher, Roberta Laundrie, Steven Bertolino, Bertolino, , Brian Laundrie’s Organizations: CNN, Authorities Locations: Wyoming, Florida, , MOAB
asked Kristen Brengel of the National Parks Conservation Association, noting that visitors on the ground far outnumber those overhead. Congress passed another round of legislation in 2000 with a goal of setting rules in other national parks. Historically, some of the nation's busiest spots for tour operators are Hawaii Volcanoes National Park, which is home to one of the world’s most active volcanoes, and Haleakala National Park. But Brengel of the National Parks Conservation Association said the resistance doesn't have much traction. An amendment to the FAA reauthorization bill that would have required the agency to factor in the economics of commercial air tours over national parks failed in July, she said.
Persons: , , Mark Schlaefli, Critics, Kristen Brengel, Bailey Wood, Wood, Pono, Smokey, Parks, Peter Jenkins, Mount Rushmore, Ray Jilek, Andrew Busse, Shawn Bordeaux, hasn't, Bruce Adams, Brengel Organizations: Mount, Black, National Park Service, Federal Aviation Administration, National Parks Conservation Association, Helicopter Association International, Public Employees, Environmental, Hawaii Island Coalition, Golden, Recreation Area, Eagle Aviation Inc, Black Hills Helicopter Inc, Democratic, FAA, Locations: Mount, United States, Mount Rushmore, South Dakota, Arizona, Hawaii, Montana, Arches, Utah, Tennessee, North Carolina, Alaska, Rosebud, New Mexico, Southwest Safaris, Pueblo
Jennings threw a touchdown pass and accounted for 266 yards from scrimmage, Collin Rogers kicked four second-half field goals and No. 17 Tulane 26-14 on Saturday in the AAC title game. Political Cartoons View All 1277 ImagesThe Mustangs (11-2) also turned in a stifling defensive performance, limiting Tulane (11-2, No. “Our defense today, they dominated,” Lashlee said, highlighting how SMU held Tulane to 31 yards rushing, far below its average of 167.3 yards coming in. Interceptions by Cam Pedescleaux and Jarius Monroe, and an early missed field goal by SMU, kept Tulane in the game.
Persons: , Kevin Jennings, Jennings, Rhett Lashlee, ” Jennings, Collin Rogers, “ Jennings, ” Lashlee, , , Michael Pratt, Isaiah Nwokobia's, SMU “, ” Pratt, Willie Frtiz, Dana Holgorsen, Fritz, ” Fritz, “ I‘ve, It'll, Preston Stone, Pratt, Key'Shawn Smith, Yulkeith, Rogers, Lashlee, ” SMU’s, Cam Pedescleaux, Jarius Monroe, injuires, Lawrence Keys, Jha'Quan Jackson —, “ We’ve, peraps, ___ Organizations: ORLEANS, — SMU, SMU, Tulane, American Athletic Conference, ” SMU, Yulman, Cougars, Houston, USC, USA, Liberty, Southwest Conference, Mustangs, AAC, ACC, Preston, Devean, Yulkeith Brown, TCU, Oklahoma, ” Tulane, AP Locations:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside mining giant Rio Tinto's Utah copper mineGlobal demand for copper, a major component of electric vehicles, is expected to almost double from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P Global.
Organizations: P Global Locations: Rio, Utah
Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy. Jointly based in Australia and the UK, Rio Tinto is one of the world's largest mining companies with projects in 35 countries. It has 17 iron ore mines in Western Australia that produce material used in steel, as well as mines that produce aluminum, diamonds, and boron, a component used in smartphones. So what is Rio Tinto doing to ramp up production of its critical minerals business? CNBC got a behind the scenes look at Rio Tinto's Utah operation to find out.
Persons: Tyler Broda Organizations: P, RBC Capital Markets, Rio Tinto, CNBC Locations: Rio, Bingham, Salt Lake City, Australia, Western Australia, Rio Tinto's Utah
Hollywood box office sales slump in November
  + stars: | 2023-12-02 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +3 min
CNN —Movie theaters slumped into a “Slow-vember,” say industry analysts, as several of the season’s most anticipated movies drew underwhelming box office sales last month. Domestic theaters grossed about $553.6 million this November, a 12% decline from last year and still more than $400 million short of pre-pandemic levels, according to data from research firm Comscore. Between 2009 and 2019, Novembers were a reliably lucrative month and could be counted on to rake in nearly a billion dollars, owing in part to the long Thanksgiving weekend. It was also surpassed by “The Hunger Games,” which was the top movie over Thanksgiving weekend, grossing $42 million. December could see a similar slump, according to Robbins, given the “Ghostbusters” sequel has been delayed until next year and “Aquaman and the Lost Kingdom” will likely not live up to the first movie’s box office revenue.
Persons: Novembers, , , Paul Dergarabedian, ” “, Shawn Robbins, Robbins, Marvel’s, Mockingjay, Jennifer Lawrence’s Organizations: CNN, Marvel, Box, SAG
CNN —A person was in critical condition Friday after setting themselves on fire outside the Israeli consulate in what Atlanta Police Chief Darin Schierbaum said was “likely an extreme act of political protest.”The incident happened around noon outside the Consulate General of Israel, according to police. A Palestinian flag that was part of the protest was recovered at the scene, and gasoline was used as an accelerant, the officials said. The chief said staff inside the Israeli consulate were safe and did not appear to be in danger during the incident. The incident was contained to outside the building, and the chief said he was not aware of any effort to enter the building. “The community is safe,” Schierbaum said.
Persons: Darin Schierbaum, Schierbaum, didn’t, ” Schierbaum Organizations: CNN, Atlanta Police Locations: Atlanta
Still, not many have had the cultural impact of “The Nanny” herself, Fran Fine. Over the years, fan accounts like What Fran Wore and the Fran Fine Fashion Database have documented all of the character’s roughly 700 outfits. Drescher in character as Fran Fine in a promotional photo for "The Nanny", pictured with the show's other principcal cast members. CBS/Getty ImagesCooper says that when she first envisaged Fran’s aesthetic, it didn’t reflect early ‘90s fashion trends. It’s no wonder that after all these years, fans of “The Nanny” and fashionable TikTokers continue to cosplay as Fran in swarms.
Persons: Cher Horowitz, Dionne Davenport, , Carrie Bradshaw, , Rachel Green, , Fran Fine, Fran, Fran Drescher, Fran Wore, Drescher, Charles Shaughnessy, Maxwell Sheffield, Daniel Davis, Niles, Lauren Lane, Babcock, Madeline Zima, Grace Sheffield, Benjamin Salisbury, Tom, Maggie Sheffield, Brenda Cooper, Shawn Holly Cookson, Terry Gordon, Cooper, Todd Oldham, Dolce, Gabbana, Bob Mackie, Anna Sui, Brenda Cooper’s, Moschino, Leger, ” Cooper, Neiman Marcus, , ” Moschino, Jennie Walker, ” Walker, Kate Spade, Gucci, Vivienne Westwood, Cooper didn’t, suede, “ ​ Organizations: CNN, City, Flushing, Brighton Sheffield, CBS, Getty, Vogue, Locations: Versace, Italian, LA
Highlights From Henry Kissinger’s Diplomatic Career
  + stars: | 2023-11-30 | by ( Shawn Paik | ) www.nytimes.com   time to read: 1 min
“Nothing that has happened to me in public life has moved me more than this award. And I just wanted to make clear it was not a bombing of Cambodia. It was a bombing of North Vietnamese in Cambodia.” “Good and as fruitful as this meeting has been today.” “Thank you all for coming. Please be seated.” “Thank you for being here. Thank you very much.”
Persons: Locations: Cambodia, North Vietnamese
DeSantis and Newsom Debate Fact-Check: A Spirited Discussion, Different Sets of Facts The governors of Florida and California squared off on Fox News and brought their statistics and attacks. Ron DeSantis of Florida and Gov. Gavin Newsom of California debated on the differences between their state’s policies on Thursday night. Billed as a “Red State-Blue State debate,” the two governors onstage, Ron DeSantis of Florida and Gavin Newsom of California, are not running against each other for anything. One is a candidate for the Republican presidential nomination and the other, a chief surrogate for President Biden.
Persons: DeSantis, Newsom, Angelo Fichera, Ron DeSantis, Gavin Newsom, Biden, Sean Hannity, Organizations: Fox News, Gov, Fox, Republican Locations: Florida, California, Blue
Conduiit, a fintech startup that promises to save entertainment companies time and money by centralizing their production finance operations, has raised $1 million in pre-seed funding. He saw how production companies were using a hodgepodge of services to manage day-to-day transactions, as well as managing individual productions in silos, resulting in lost time and wasted expense. ConduiitCharging on a SaaS model, Conduiit lets production companies access all their compliance, management, accounting, and payment tools from a single platform. "There are two Black founders in a world that doesn't have a lot of them," said Glover of Hamilton and Thurman. Only about 1% of venture funding in 2022 went to Black startup founders, according to Crunchbase data analyzed by TechCrunch .
Persons: Hiro Mizushima, Shawn Hamilton, Hamilton, Hamilton's, Jason Thurman, who's, HBO Max, Max, John Oliver, Drew Glover, Glover, Thurman, we're Organizations: Fiat Ventures, Aperture Venture, Business, Amazon, Netflix, Disney, HBO, Jigsaw, Laylow Productions, Productions, Silicon Valley Bank, Fiat, TechCrunch Locations: Silicon, Hollywood
DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. The company now expects to earn $10 billion to $10.5 billion before taxes in 2023. UAW workers shut down the company's largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks. The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis. At the end of the contract top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.
Persons: John Lawler, Ford, Lawler, Shawn Fain Organizations: DETROIT, United Auto Workers, Ford, UAW, Barclays Global Automotive, Mobility Technology, General Motors Locations: Dearborn , Michigan, Louisville , Kentucky, New York
Ford takes $1.7 billion profit hit from UAW strike
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: +3 min
The automaker now expects adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion for 2023. In July, it forecast adjusted EBIT of $11 billion to $12 billion. Ford said the new outlook included $1.6 billion in lost profits in the fourth quarter due to interruptions in production of high-margin trucks and SUVs. A month into the strikes, Ford said the company was "at the limit" of what it could spend on higher wages and benefits. The deal UAW leaders finally approved included a pay hike of at least 30% for full-time workers and more than double pay for others.
Persons: David, Dee, Delgado, Ford, Shawn Fain, walkouts, Bill Ford, Tesla, Nathan Gomes, Anil D'Silva Organizations: New York, REUTERS, Ford, GM, UAW, Canadian, Chrysler, EV, Thomson Locations: Manhattan , New York City, U.S, United States, Michigan, Bengaluru
Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"
Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington
The company now predicts full-year net income of $9.1 billion to $9.7 billion, down from its previous outlook of $9.3 billion to $10.7 billion. But GM expects to generate more cash for the full year. To get there, GM expects to cut capital spending, including a slowdown in spending on electric vehicles and at Cruise, its troubled autonomous vehicle unit. In June of last year, electric vehicle sales were growing about 90% year over year, according to Motorintelligence.com. Barra wrote that GM has a strong cash balance due to record profits from selling gas-powered vehicles and more efficient internal combustion and electric vehicle operations.
Persons: Motors, Barra, Cruise, It's, Mary Barra, Shawn Fain, she’s, ” Barra Organizations: DETROIT, , autoworkers, Detroit, Wednesday, United Auto Workers, GM, San, Cruise, Ford, UAW Locations: Cruise, California, San Francisco, Barra, Detroit
DETROIT (AP) — Less than two weeks after ratifying new contracts with Detroit automakers, the United Auto Workers union announced plans Wednesday to try to simultaneously organize workers at more than a dozen nonunion auto factories. The UAW says the drive will cover nearly 150,000 workers at factories largely in the South, where the union has had little success in recruiting new members. Also on the union's list are U.S. factories run by electric vehicle sales leader Tesla, as well as EV startups Rivian and Lucid. “You don’t have to live paycheck to paycheck,” union President Shawn Fain said in a statement appealing to nonunion workers. At the end of the contract top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.
Persons: Tesla, Shawn Fain Organizations: DETROIT, Detroit automakers, United Auto Workers, UAW, Toyota, Honda, Hyundai, Nissan, Subaru, Mazda, Volkswagen, Mercedes, BMW, Volvo, Ford, General Motors Locations: Georgetown , Kentucky
UAW aims to organize 13 nonunion automakers
  + stars: | 2023-11-29 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
New York CNN —The United Auto Workers union says it has started an effort to organize workers at 13 non-union automakers with US factories. The union said there are about 150,000 employees at 36 nonunion auto plants operated by the companies it is targeting in this campaign. That is slightly more than the union’s representation at the three unionized automakers, which have about 145,000 UAW members between them. But if a union organizing campaign is successful, the union will be made up of workers from the company. The union has filed complaints accusing many of the automakers of unfair labor practices during those earlier organizing efforts.
Persons: Jeff Allen, “ We’ve, , Allen, we’ve, , Shawn Fain, ” Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volkswagen, Volvo, Toyota Camry, Lexus, UAW, Workers, Tesla Locations: New York, Georgetown , Kentucky, America, Volkswagen’s, Chattanooga , Tennessee, Canton , Mississippi, Smyrna , Tennessee
The United Auto Workers union is launching an unprecedented campaign to organize 13 non-union automakers in the U.S. after securing record contracts with the Detroit automakers. As part of the campaign workers are signing electronic cards in support of union efforts to potentially organize U.S. plants from those automakers. It is not guaranteed that the union would push to organize every plant or automaker that participates in the campaign. UAW President Shawn Fain has said the union's next mission after ratifying record contracts with General Motors, Ford Motor and Stellantis was to expand its ranks. Still, the UAW has a poor track record with trying to organize non-Detroit automakers.
Persons: Shawn Fain, Fain, , Stellantis Organizations: United Auto Workers, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volkswagen, Volvo, UAW, General Motors, Ford Motor, Detroit, Ford, GM, Lexus, " Workers Locations: U.S, Fremont, California, Georgetown , Kentucky
Recent damage to undersea pipelines and cables in Europe has raised concern among NATO members. AdvertisementThe emphasis on defending underwater infrastructure is visible in the alliance's operations. The annual Dynamic Messenger exercise includes a focus on protecting critical underwater infrastructure and involves information exchanges between alliance militaries and private-sector actors. OLE BERG-RUSTEN/NTB/AFP via Getty ImagesProtecting underwater infrastructure is no simple task, however. AdvertisementThe situation becomes more complicated because underwater infrastructure often passes through international waters, muddling the legal framework around its protection and making a response harder.
Persons: , David Cattler, Shawn Coover, Adm, Ben Key, Jens Köhler, JEF, Andrey Luzik, Key, Constantine Atlamazoglou Organizations: NATO, Service, Finnish Border Guard, REUTERS, Steam, US Marine Corps, Staff, British Royal Navy's, Royal Navy, Getty, Joint Expeditionary Force, Norwegian Coast Guard, OLE BERG, Russia Ministry of Defense, Directorate, Fletcher School of Law, LinkedIn, Twitter Locations: Europe, Russia, NATO's, Estonia, Finland, Baltic, Norway, Norwegian, Germany, Ukraine, Hiddensee, Nordic, AFP, Severomorsk
Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Nov 29 (Reuters) - The United Auto Workers union said on Wednesday it is launching a first-of-its-kind push to publicly organize the entire nonunion auto sector after winning new contracts with the Detroit Three automakers. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. "I want this type of contract for all auto workers and I have a feeling the UAW has a plan for that," he said at an event with Fain. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers.
Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Tesla, Elon Musk, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, Mississippi, Tennessee, Chattanooga , Tennessee, Georgetown , Kentucky, Washington
CNN —A man on a Southwest Airlines flight opened an emergency exit door and climbed onto the plane’s wing Sunday while the aircraft was at a gate at New Orleans Louis Armstrong International Airport, authorities said. The Jefferson Parish Sheriff’s Office said it responded to a disturbance at the airport after a 38-year-old man opened the emergency exit door to access the wing and jump out. As soon as he pressed the record button, Webster said the passenger unlatched the lock to the emergency exit door and jumped out the window. When deputies made contact with the passenger on the tarmac, he appeared “incoherent and not fully aware of his surroundings,” the sheriff’s office said. Webster said the delay was about two hours and the flight arrived in Atlanta shortly before midnight.
Persons: Zed Webster, Webster, , Chris Perry, , Perry Organizations: CNN, Southwest Airlines, New Orleans Louis Armstrong International Airport, Sheriff’s Locations: New, Jefferson, Atlanta
LionsgateThis year's Thanksgiving box office was both feast and famine for the theatrical industry. Meanwhile, Disney's latest animated feature "Wish," which celebrates the company's 100th anniversary, fell startlingly short of box office expectations, tallying just $31.7 million over its first five days in theaters. "It wouldn't be a holiday box office season without some occasional upsets and this weekend is delivering on that front," said Shawn Robbins, chief analyst at BoxOffice.com. Overall, the Thanksgiving box office secured around $172 million, an improvement over the previous three years of pandemic-pressured ticket sales. Prior to the coronavirus outbreak, the five-day Thanksgiving spread — consisting of the Wednesday before Thanksgiving through Sunday — had resulted in more than $250 million in ticket sales each year.
Persons: Tom Blyth, Rachel Zegler, Coriolanus Snow, Lucy Gray Baird, Napoleon, Disney's, Shawn Robbins, Robbins, Organizations: SONY, Lionsgate, Sony, Apple, MGM, Warner Bros Locations: Lionsgate's
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