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☆ Speaker Mike Johnson floats confiscating Russian assets to fund Ukraine war aid: 'It would be pure poetry'
▼ + stars: | 2023-11-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Speaker Johnson continues to signal openness to more Ukraine aid, despite past opposition. AdvertisementAdvertisementHouse Speaker Mike Johnson is suggesting that the US should confiscate assets owned by the Russian government to pay for more aid to Ukraine. "It would be pure poetry to fund the Ukrainian war effort with Russian assets," Johnson told the New York Post. AdvertisementAdvertisementDespite consistently voting against Ukraine aid in the past two years as a rank-and-file lawmaker, Johnson has signaled openness to allowing more Ukraine aid to be approved since becoming speaker. That's been encouraging news for supporters of Ukraine aid — and cause for concern among long-time opponents.

Persons: Johnson, He's, —, Mike Johnson, that's, Biden, That's Organizations: Service, New York, Republican, Opportunity, Russian Central Bank, Internal Revenue Service, Democratic, House Republicans, Republicans, Ukraine Locations: Ukraine, Russian, Russia, Israel

☆ US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods
▼ + stars: | 2023-11-10 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

The decline in cattle numbers, after years of drought fried pasture lands used for grazing, led to soaring U.S. beef prices. Higher prices incentivize companies to import cheaper beef and discourage U.S. beef purchases by buyers like China, Japan and Egypt. For Tyson, the loss of U.S. export business compounds margin pressure from higher cattle prices, Goldman Sachs analysts said. U.S. beef exports typically command higher margins than domestic shipments, they said. The USDA on Thursday raised its forecasts for beef imports in 2023 and 2024 in a monthly report.

Persons: Amira Karaoud, world's, Tyson, Cargill, Pete Bonds, Bonds, Goldman Sachs, Donnie King, Katelyn McCullock, McCullock, Derrell, Tom Polansek, Rod Nickel Organizations: Corydon , Indiana U.S, REUTERS, Rights, Tyson, U.S . Department of Agriculture, USDA, U.S ., U.S, Marketing, Center, Oklahoma State University, Thomson Locations: Corydon , Indiana, United States, China, Japan, Egypt, Texas, U.S, Tyson's, Florida, South Carolina, Australia, New Zealand, Paraguay, Paraguayan, Mexico

☆ Russia has tried to break Ukraine’s energy grid. This winter, Ukrainians are prepared for the worst
▼ + stars: | 2023-11-10 | by ( Victoria Butenko | ) edition.cnn.com time to read: +8 min

When Russia pounded Ukraine’s power grid with widespread and repeated waves of airstrikes last year, causing massive rolling blackouts, his wife had just given birth to their second daughter. As families like Gindyuk’s gird themselves for the possibility of another dark winter, Ukraine has been rushing to rebuild and protect its fragile energy infrastructure. The summer provided a respite for Ukraine’s power grid. “Ukraine’s power system continues to operate in an emergency mode, which affects both power grids and generation,” a news release accompanying the report said. Physical barriers have been erected around Ukraine’s high-voltage electricity transmission network, which is operated by the national energy company Ukrenergo .

Persons: Ukraine CNN — Oleksandr Gindyuk, Gindyuk, ” Gindyuk, Gindyuk’s, Vadym, “, ” DTEK, ”, Maxim Timchenko, ” Timchenko, Volodymyr Kudrytskyi, Ukrenergo, ” Kudrytskyi, Oleksandr Prokhorenko, Kateryna, Varvara, ” Prokhorenko, Serzhan Organizations: Ukraine CNN —, CNN, Ukraine’s Defense Intelligence, United Nations, Programme, European Union, Management Locations: Kyiv, Ukraine, Russia, Russian, Spanish, Valencia

☆ Goldman Sachs sees 'clear deficit' of iron ore for the rest of the year
▼ + stars: | 2023-11-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

The iron ore market is looking at a shortfall for the rest of the year due to low inventories and falling production, said Goldman Sachs. "Rather than facing a surplus for this year, the iron ore market is now set for a clear deficit," Goldman said in a recent report. The metal is primarily used to make steel, an important material in construction and engineering projects. That being said, Goldman remains cautious in ascribing too much optimism in the uptick of steel demand coming out of China's embattled property sector. China's property crisis has been one of the biggest spanner in the works in achieving a sustainable economic recovery.

Persons: Goldman Sachs, Goldman Locations: China's

☆ UN report warns war has already set Gaza and West Bank economy back more than a decade
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | David Shortell | ) edition.cnn.com time to read: +5 min

CNN —Israel’s war on Hamas could set the Palestinian economy in Gaza and the West Bank back decades, according to a new analysis by the United Nations Development Programme (UNDP). Key economic measurements, including employment rates and GDP, have all plunged across Gaza and the West Bank, according to the UNDP analysis. The past month of conflict has erased 61 percent of employment in Gaza and 24 percent of employment in the West Bank, the report warns. After one month of fighting, the number of people living in poverty in Gaza and the West Bank increased by nearly 20 percent, the UNDP report says. If the fighting were to continue through a second month, the Palestinian economy would be set back 19 years’ worth of development, Al Dardari said.

Persons: CNN —, Abdallah Al Dardari, Al Dardari, “ I’ve, ”, Ashraf Amra, Benjamin Netanyahu, Netanyahu, Israel Organizations: CNN, West Bank, United Nations Development Programme, Palestinian Ministry of Health, UNDP, Bureau, Arab, United Nations Relief, Works Agency, Getty, World Bank, Human Rights Watch, United Nations Office, Humanitarian Affairs, ”, Israeli Locations: Gaza, Israel, Ramallah, Palestinian, Deir al Balah, Anadolu, Egypt, Palestine

☆ Strikes were just one battle. Hollywood is still fighting a war for survival
▼ + stars: | 2023-11-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Hollywood writers and actors are going back to work after one of the longest strikes ever in the entertainment industry. Hollywood is in a rebuilding era — a painful, awkward transition fueled by tectonic changes in technology and consumer behavior. Strikes, while disruptive, were only a blip compared with the many other existential quandaries weighing on media companies. Cable TV sign-ups have been rapidly falling for a decade, and no one believes that trend is going to reverse. Netflix and Disney aren’t just competing against each other, they’re also competing with YouTube and TikTok and endless podcasts.

Persons: CNN Business ’, Bob Iger, “, ”, We’re, Hulu —, Peacock, HBO Max — we’re, Max, “ OTT ” —, Iger, aren’t, Harrison Ford, Disney, they’re, That’s, Barbenheimer ”, Taylor Swift, Indiana Jones, you’ll Organizations: CNN Business, New York CNN, Hollywood, Studio, Disney, Paramount, Warner Bros, Cable, Netflix, Hulu, Apple, Amazon Prime, HBO, CNN, Discovery, Disney aren’t, YouTube, Intelligence Locations: New York

☆ Winners and Losers From the Third Republican Debate - The New York Times
▼ + stars: | 2023-11-09 | by ( New York Times Opinion | ) www.nytimes.com time to read: +13 min

Welcome to Opinion’s commentary for the third Republican presidential debate, held in Miami on Wednesday night. The debate didn’t answer the question of whether she can really cut into DeSantis’s more conservative bloc of support. He deserves praise for his substantive, competent answers, but there’s not much of a market for that in the Republican primaries. In a debate dominated by a neoconservative revival, Ramaswamy — in both style and substance — was the only Trumpist on the stage. primary voters relished his attacks on the Republican National Committee and the debate moderators.

Persons: Jamelle, Nikki Haley, Haley, Gail Collins, Michelle Cottle, yapping, Ross Douthat I’m, Ramaswamy, David French Neoconservatism, Sarah Isgur, Sarah Longwell, DeSantis, Daniel McCarthy, Dick Cheney, —, Haley couldn’t, Ron DeSantis, Donald Trump, There’s, Ross Douthat, he’s, David French, He’s, Vivek Ramaswamy, Sarah Isgur DeSantis, Sarah Longwell DeSantis, Kim Reynolds, Jamelle Bouie Chris Christie, It’s, David French Christie, Trump, Christie isn’t, Sarah Isgur It’s, Christie —, Christie, there’s, Bouie, Tim Scott, Scott, I’ve, we’re, David French I’m, Reagan, platitudes, hasn’t, Sarah Longwell Tim Scott, Daniel McCarthy He’s, Ross, David French Ramaswamy, Ramaswamy —, cheekily Organizations: Trump Republican, Trump, Republican, Gov, Federal Reserve, White, Republican Party, MAGA, Republican National Committee, Nazi Locations: Miami, Iowa, New Hampshire, Ukraine, Iran, Israel, China, hawkish, Iraq, Afghanistan, Russia, Haley, Florida

☆ U.S. Sees Limits for Israel’s Place in Gaza Future
▼ + stars: | 2023-11-08 | by ( William Mauldin | Vivian Salama | ) www.wsj.com time to read: 1 min

Israel’s bombardment of Gaza has left widespread devastation in the Palestinian enclave. Photo: amir cohen/ReutersTOKYO—The U.S. on Wednesday outlined its expectations for the postwar rule in Gaza, including Palestinian sovereignty over the territory, days after Israel said it intended to play a security role there after its overthrow of Hamas. Senior officials called for the Palestinian people to be at the center of governance in Gaza—unified with the West Bank under the Palestinian Authority. Secretary of State Antony Blinken described a vision for rebuilding Gaza and a path toward Israelis living side by side “in space of their own with equal measures of security, freedom, opportunity and dignity.”

Persons: cohen, Israel, Antony Blinken, ” Organizations: Reuters, West Bank, Palestinian Authority Locations: Gaza, Reuters TOKYO, The

☆ Opinion: Why Biden supports Israel so wholeheartedly
▼ + stars: | 2023-11-08 | by ( Stephanie Griffith | Opinion Frida Ghitis | ) edition.cnn.com time to read: +7 min

Why does Biden support Israel so wholeheartedly? The first is a lifelong understanding of Jewish history and the indispensable role a Jewish state plays in countering millennia of antisemitism. For Biden, these imperatives – strategic, historic, moral, emotional – come together in the war between Israel and Iran-backed Hamas, a terrorist group founded on the goal of destroying Israel. Biden learned Jewish history at his father’s foot. Where many see a war between Israel and Hamas, Biden sees something much larger.

Persons: Frida Ghitis, CNN —, Joe Biden, “, Frida Ghitis CNN Biden, Biden, Israel, ”, Trump, Hitler, Michael Oren, Biden’s, Vladimir Putin, don’t, viscerally Organizations: CNN, Washington Post, Politics, Star, Hamas, Israel, Ukraine Locations: United States, Israel, Gaza, Tel Aviv, Chile, Ukraine, China, Iran, Dachau, Charlottesville, Va, Europe, Russian, Russia, Hezbollah, Lebanon

☆ GOP lawmakers call for VA to slash reliance on China for medical supplies
▼ + stars: | 2023-11-08 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that resulted in shortages of masks, respirators and other life-saving gear. “The COVID-19 pandemic exposed the national security and public health risks of failing to guarantee adequate medical supplies. As the biggest buyer of medical supplies among federal agencies, it has considerable influence. Congress has attempted to take steps to boost the resilience of the nation’s medical supply chain by easing dependence on goods from less friendly nations like China.

Persons: Mike Gallagher, Mike Bost, Denis McDonough, Bost, Gallagher, “, ” Terrence Hayes, Joe Biden, Health Richard Stone, ” Bost, McDonough, Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, ” Organizations: New, New York CNN, Department of Veterans Affairs, CNN, Veterans ’, Chinese Communist Party, CCP, Department of Veteran Affairs, Defense Department, Department of Homeland Security, Department of Health, Human Services, Republicans, Health, World Trade Organization, Congress, Democratic, Republican Locations: New York, China, United States, America, Covid, Mexico, Malaysia

☆ More questions than answers as Israeli PM Netanyahu seeks security control over Gaza
▼ + stars: | 2023-11-08 | by ( James Mackenzie | ) www.reuters.com time to read: +6 min

[1/2] Israeli prime minister Benjamin Netanyahu during a press conference with defense minister Yoav Gallant and Cabinet minister Benny Gantz in the Kirya military base in Tel Aviv , Israel , 28 October 2023. The challenges that are likely to confront any reshaped Israeli security mechanism have already been clearly demonstrated during more than 18 months of increasingly violent clashes in the nearby occupied West Bank. The PA used to run both Gaza and the West Bank, but was forcibly ousted from Gaza by Hamas in 2007, and now only governs sections of the West Bank, which is dotted with ever-growing Jewish settlements. Dermer said that while Israeli troops had physically entered West Bank towns, they had essentially been absent from Gaza for the last 17 years. Jordan's former deputy prime minister, Marwan Muasher, told Reuters he had seen no convincing initiative on how Gaza might be governed once the conflict ended.

Persons: Benjamin Netanyahu, Yoav Gallant, Benny Gantz, Benjamin Netanyahu's, Israel, Netanyahu, Gantz, Ron Dermer, Antony Blinken, It's, Ariel Sharon, Mohammad Shtayyeh, Dermer, Jordan's, Marwan Muasher, Muasher, James Mackenzie, John Geddie, Crispian Balmer, Daniel Wallis Organizations: Rights, U.S, NBC, United Nations, Israel, West Bank, Palestinian Authority, Palestinian, Reuters, Carnegie Endowment, International Peace, Thomson Locations: Tel Aviv, Israel, ABIR, Gaza, Palestinian, United States, Tokyo, West, Oslo, Nablus, Jenin, West Bank, Washington, Dubai

☆ Ukraine can still deliver battlefield results this year, Zelenskiy says
▼ + stars: | 2023-11-08 | by ( Alessandra Galloni | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 8 (Reuters) - President Volodymyr Zelenskiy said on Wednesday Ukraine would still try to deliver battlefield results by the end of the year and that he remained sure Kyiv would eventually have success in the war despite difficulties at the front. Ukraine's President Volodymyr Zelenskiy visits an artillery training centre, amid Russia's attack on Ukraine, at an undisclosed location in Ukraine November 3, 2023. 'VERY IMPORTANT SIGNAL'He spoke in the interview hours after the European Union's executive published a report on Ukraine's progress towards membership, recommending the trade bloc's members agree to launch accession talks once conditions are met. He called for funds to be taken Russian assets that were frozen after the invasion and poured into the rebuilding of Ukraine. We need joint decision to hold these money which are frozen now and take these money for renovation."

Persons: Volodymyr Zelenskiy, Zelenskiy, Donald Trump, Russia's, Olena Harmash, Yuliia, Tom Balmforth, Alison Williams Organizations: Ukraine, Reuters NEXT, U.S, Republican, Presidential Press Service, REUTERS, country's, Union, Reuters, reuters, Thomson Locations: New York, Ukrainian, Kherson, Dnipro, Ukraine's, Ukraine, U.S, Gaza

Josh Green on Wednesday announced the creation of a $150 million fund to help those who lost family members or who were injured in Maui's wildfires. Beneficiaries will receive payments of more than $1 million as early as next year, the governor's office said in a news release. Those getting money from the fund will waive their right to file legal claims. The fund aims to enable swift and generous financial payments for losses without requiring people to go through time-consuming litigation, the release said. The fund is modeled on the September 11thVictim Compensation Fund, Green said in livestreamed address.

Persons: Josh Green, Green Organizations: —, Wednesday, Electric, Kamehameha Schools, Federal Emergency Management Agency Locations: HONOLULU, — Hawaii, Lahaina, Maui County

WASHINGTON (AP) — The Biden administration has chosen a location for a new FBI headquarters in Maryland, people familiar with the selection said Wednesday as the suburban Washington location was selected over nearby Virginia following a sharp competition between the two states. Democratic Maryland Gov. Wes Moore argued in recent months that building it there would be fast and save taxpayers $1 billion. He said a headquarters in the majority-Black Prince George’s County would meet equity goals raised by President Joe Biden. In recent months, the two other finalists were Springfield, Virginia, and Landover, Maryland.

Persons: —, Biden, Wes Moore, George’s, Joe Biden, Glenn Youngkin, J, Edgar Hoover, Donald Trump Organizations: WASHINGTON, FBI, Associated Press, Democratic Maryland Gov, FBI Academy, Republican Gov, Edgar Hoover Building, Momentum Locations: Maryland, Washington, Virginia, Greenbelt, Quantico, Springfield , Virginia, Landover , Maryland

☆ Meet the guy in charge of deciding how to spend $1.2 trillion from Biden’s infrastructure bill
▼ + stars: | 2023-11-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

You can see in the funding for the infrastructure bill that we’re working hard to do all of that. We want to build generational wealth and do it in a way that heals communities rather than separates them. Between the Bipartisan Infrastructure Law, the Inflation Reduction Act and the CHIPS act, there’s been a $1.8 trillion dollar investment. You may recall that when this conversation started about three or four years ago, the number was $6 trillion. So $1.2 trillion is significant, but it’s just a downpayment on what the real needs are.

Persons: Mitch Landrieu, Joe Biden, Biden’s, Landrieu, Bell, you’ve, We’re, Biden, it’s, He’s, he’s, there’s, I’ve, Catherine Thorbecke, ”, David Tolley, WeWork, Adam Neumann, Neumann, ’, AFTRA, Ramishah Maruf, “, ” It’s Organizations: CNN Business, Bell, New York CNN, White, Infrastructure Investment, Jobs Act, Economic Security, Infrastructure Law, SAG, ’ Locations: New York, New Orleans, Lowndes County , Alabama, Napakiak, Alaska, China, America, Hollywood

SAN FRANCISCO (AP) — Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. Residents have received annual premiums that near or exceed $10,000 — leaving many to wonder how they're supposed to rebuild their hard-hit community when insurance is so shockingly high for houses in an area that is supposed to be among the most affordable in California. Seven of the 12 top home-insurers in California — including Farmers Insurance, State Farm, Allstate — have paused or restricted new business in California, saying they can’t afford to take on new clients. Carl Johnsen, a retired drywall contractor, has lived in the same house since 1979, when he moved to Paradise. The Robinsons are paying $4,500 through the California Fair Access to Insurance Requirements Plan, and $750 with another insurer for supplemental liability coverage.

Persons: — Heidi Lange, “, ”, Ricardo Lara, Michael Soller, Rex Frazier, Carl Johnsen, Johnsen doesn’t, Gene Robinson, Robinson, Lara, Soller, Kathy Ehrhart, ” Lange Organizations: FRANCISCO, Fire, Farmers Insurance, State Farm, Allstate, California’s, Insurance Department, Paradise . Farmers Insurance, Farmers, “, Personal Insurance Federation of, Robinsons, FAIR Locations: California, Paradise, Personal Insurance Federation of California, Louisiana , Texas, Florida, Chicago

☆ Video shows the moment a new Russian submarine test-fired an intercontinental-range 'Bulava' missile
▼ + stars: | 2023-11-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Video footage shows the moment a new Russian submarine test-fired an intercontinental-range ballistic missile. AdvertisementAdvertisementRussia's new strategic nuclear submarine has successfully launched an intercontinental ballistic missile, it's defense ministry said, releasing video footage it said was from the test. The test involved the firing of an intercontinental-range Bulava submarine-launched ballistic missile (SLBM) and was a significant step for the vessel. Video footage from the defense ministry that was shared by Russian state media outlets on Sunday showed what they said was the newest Borei-class nuclear-powered ballistic missile submarine Imperator Alexander III launching an RSM-56 Bulava ballistic missile. Russian nuclear submarine Yuri Dolgorukiy (NATO reporting name: SSBN "Borei", or "Dolgorukiy") is seen during the Navy Day Military parade July, 27, 2014, in Severomorsk.

Persons: —, Alexander III, Imperator Alexander III, it'll, Generalissimus Suvorov, Yuri Dolgorukiy, Sasha Mordovets, Bulava SLBMs Organizations: Service, RSM, Missile, Navy, Russia's, Russian Locations: Russian, Russia, Kamchatka, Severomorsk, Soviet Union, Europe, Atlantic

☆ China to accelerate issuance of government bonds, finance minister says
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks in the Central Business District (CBD) on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, China, Nov 5 (Reuters) - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. "The Ministry of Finance will continue to implement a proactive fiscal policy, focus on improving efficiency, and better play the effectiveness of fiscal policy," said Lan, who also noted the "complex domestic and international situation". Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, he said. The top parliamentary body last month approved the issuance of 1 trillion yuan ($137 billion) in sovereign bonds in the fourth quarter to fund rebuilding of areas affected by floods, state media reported.

Persons: Thomas Peter, Lan Foan, Lan, Liu Kun, Martin Quin Pollard, Wang Shuyan, William Mallard, Christopher Cushing Organizations: Central Business, REUTERS, Rights, Xinhua, Ministry, Finance, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

☆ An Airbnb host whose SF duplex was flooded by a guest says she only got enough compensation to 'make a difference' after posting on X
▼ + stars: | 2023-11-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +7 min

Erika Gemzer says her Airbnb guests flooded her San Francisco duplex, leaving her $300,000 in debt. She posted a thread on X six months later, criticizing Airbnb for its compensation offer. AdvertisementAdvertisementSix months after Airbnb host Erika Gemzer's duplex in San Francisco was flooded, she took to social media to confront the vacation rental company. Here's the story of how I ended up pregnant and homeless and in over $300,000 of debt after Airbnb guests flooded my home. While the new amount doesn't cover everything, it covers enough to "make a difference," Gemzer told Insider via text.

Persons: Erika Gemzer, Airbnb, Gemzer, —, Erika Gemzer's, rika, ake, emzer, rika G emzer, ince, ingle, lanning, ike Organizations: Service, ust Locations: Francisco, San Francisco

Five Black candidates are running for statewide office, from agriculture commissioner to secretary of state. A common complaint is about a purging of voter rolls that has caused problems for Black voters as recently as this year’s August primary. Many other states in recent years have taken steps to reinstate voting rights for former felons. Critics also said it was another way to make it harder for Black voters to elect candidates of their choice. That sentiment is especially strong on college campuses, a focal point of several of the Black candidates running for statewide office.

Persons: JACKSON, Tiffany Wilburn, ” Wilburn, Wilburn, “, ”, Glennard Warren, Robert Bradford, “ We’ve, Taylor Turnage, I’ve, ‘ You’re, they’re, it’s, carjacking, what’s, Danyelle Holmes, Marvin King, Jackson, Tate Reeves, Brandon Presley, Critics, Ty Pinkins, Austin Crudup, Emily Wagster Pettus, Gary Fields, Jonathan Logan Organizations: Black, Republicans, Democratic, Mississippi, U.S, Supreme, Circuit, University of Mississippi, Republican Gov, Republican, Legislature, Jackson, Mississippi Supreme, Jackson State University, Associated Press, Jonathan Logan Family Foundation, AP Locations: Miss, Black, Jackson, Mississippi, Vicksburg, Tougaloo, In Mississippi, Jackson , Mississippi, Washington

☆ Turning a tiny fraction of America's dead strip malls into housing could create 700,000 new apartments
▼ + stars: | 2023-11-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Old or vacant strip malls offer a promising opportunity to create much-needed new housing. A new report found that converting 10% of strip malls into housing could create 700,000 new homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing. But when it comes to strip mall conversions, finding the right property to redevelop is the bigger challenge. And older strip malls are often costlier to maintain than to tear down and redevelop.

Persons: —, Ahmad Abu, Khalaf, It's Organizations: Service, Enterprise Community Partners, International Council of Shopping Centers, Sears Locations: Ahmad, Cities, Abu, Santa Ana , California, Irondequoit , New York

A woman dressed up as a starving medical student. One woman dressed up as a medical student, holding a begging bowl in her hands. A woman dressed up as a liberal arts student hungry for egg fried rice. Greg Baker/Pool/ReutersTo address these challenges, President Xi Jinping hosted a key financial policy meeting this week to reiterate the need to resolve financial risks in the economy. “Hidden economic and financial risks are still widespread,” the readout said.

Persons: Hong Kong CNN —, ”, Zhou, Xiao Pan, Yan Ziqi, “, Xi Jinping, Greg Baker, Xi Organizations: Hong Kong CNN, CNN, Global, Stock, Huaan Securities, Service, National People's, of, People, Reuters, Communist Party, Ministry of State Security Locations: China, Hong Kong, China’s, Shanghai, Weibo, Douyin, “, Beijing

WASHINGTON (AP) — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In her speech, Yellen said Washington will not cut its economic ties with Beijing but pursue a “serious and clear-eyed" approach. “As I’ve said, the United States does not seek to decouple from China. “The United States has long been a Pacific nation, and it is abundantly clear we remain one today,” she said. “We are deepening our economic ties across the region, with tremendous potential benefits for the U.S. economy and for the Indo-Pacific.”

Persons: — Washington, Janet Yellen, We’ve, Yellen, Joe Biden, Xi Jinping, Biden’s, ”, I’ve, ” Yellen, “ Organizations: WASHINGTON, Biden, Asia Society, Economic Cooperation, Washington Locations: Beijing, Washington, decouple, China, United States, Asia, San Francisco, Manila, Taiwan Strait, Taiwan, U.S, Japan, South Korea, Vietnam, India, Pacific

☆ Wealthy buyers are flocking to Florida to rebuild mansions where modest homes were destroyed by hurricanes
▼ + stars: | 2023-11-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Rich buyers have the funds to rebuild mansions that are more likely to survive future storms. Fort Myers Beach, Florida, has seen an influx of new buyers following Hurricane Ian last year. The storm killed 21 people and washed away a third of the homes and businesses located on the skinny sand strip that makes up Fort Myers Beach, many of which were modest, middle-class homes. Candy Rahn, 69, told the outlet she and her husband were forced out of Fort Myers after Ian when her uninsured cottage was destroyed. The wealthy companies and people who swoop in to buy up empty lots in Fort Myers Beach are in some ways helping disaster survivors by padding their pockets with thousands of dollars.

Persons: Rich, Ian, —, Candy Rahn, Fort Myers, Rahn, Jesse Keenan Organizations: Bloomberg, Service, Fort Myers, Attom Data, University of Delaware's, Research, Tulane University Locations: Florida, Fort Myers Beach , Florida, Estero, Fort Myers Beach, Fort, Fort Myers, New Orleans

☆ China is cracking down on weather stations it says are spying for foreign countries
▼ + stars: | 2023-11-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China is cracking down on weather stations it says are spying for foreign countries, the latest measure in a broad counter-espionage campaign under leader Xi Jinping amid intensifying geopolitical tensions. Some stations were set up around sensitive sites such as military bases and defense companies to locate altitude and GPS data, the spy agency said. The authorities made the discovery after investigating more than 10 overseas meteorological equipment agents and inspecting more than 3,000 foreign-linked meteorological stations nationwide. “Meteorological data… is an integral part of data security and resource security. It’s closely linked to military, food, and ecological security, climate change, and public interests,” the Ministry of State Security said.

Persons: Xi Jinping, William Burns, “ Organizations: Hong Kong CNN, Ministry of State Security, Embassy, Twitter, United, China’s Ministry of State Security, CIA Locations: Hong Kong, China, Beijing, United States, Washington

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