DIRS.INFO The most relevant business & tech news

☆ Crypto winter highlights gold’s warming qualities
▼ + stars: | 2022-11-25 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

That’s why crypto pioneers developed stablecoins, which peg their market price to old-fashioned fiat currencies. The FTX founder agreed that digital tokens were impossible to value since they generated no cash flow. In other words, the entire crypto world has the mechanics of a Ponzi scheme. In such a nightmare scenario, access to a decentralised, anonymised type of digital money could prove indispensable. In this world bitcoin serves as the lifeboat for civilisation, offering protection against both anarchy and the surveillance state.

☆ Breakingviews: Crypto winter highlights gold’s warming qualities
▼ + stars: | 2022-11-25 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

LONDON, Nov 25 (Reuters Breakingviews) - The crypto winter is bitterly cold. The FTX founder agreed that digital tokens were impossible to value since they generated no cash flow. In other words, the entire crypto world has the mechanics of a Ponzi scheme. In such a nightmare scenario, access to a decentralised, anonymised type of digital money could prove indispensable. In this world bitcoin serves as the lifeboat for civilisation, offering protection against both anarchy and the surveillance state.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. Energy was the only major S&P 500 sector eying gains for the year, surging around 58%. Travel stocks including American Airlines Group Inc (AAL.O) and Norwegian Cruise Line Holdings Ltd (NCLH.N) fell 0.5% and 1.2%, respectively. Keeping declines on the Dow Jones Industrial Average (.DJI) and S&P 500 (.SPX) in check was a 5.8% jump in Walt Disney Co (DIS.N) after Bob Iger's return as chief executive to the entertainment giant. The S&P index recorded eight new 52-week highs and two new lows, while the Nasdaq recorded 68 new highs and 156 new lows.

BOLD PAC spent a record $6 million supporting the candidates in their races. There are currently 38 Latinos in Congress, 28 of them Democrats and 10 Republicans, according to the National Association of Latino Elected and Appointed Officials Educational Fund. After the elections, that number has increased to at least 45 in the next Congress that starts in January, with 34 Democrats and 11 Republicans, which would make it a record number of Latinos in Congress, according to NALEO. The Congressional Hispanic Caucus was founded as a bipartisan caucus, but as Republicans numbers grew, GOP members broke off and formed the Congressional Hispanic Conference. Talk to Latino voters early and recruit Latinos and Latinas to run and not just in majority Latino districts.

Abortion, gun control and crime were some of the top issues that drove young Latino voters to the polls this year. Out of all young voters, Latinos were the most likely to name crime as the top issue that decided their vote. CIRCLE estimated that 27% of people ages 18 to 29 voted in the midterm election, making it the second-highest youth voter turnout, behind the 2018 midterm election, in almost three decades. The 2022 Midterm Election Voter Poll found inflation was the top issue motivating Latino voters in 11 battleground states. Rayes said young Latino candidates "are engaging the Latino community to come out and vote," pointing out Florida and California as examples.

☆ What we know about the 4 Idaho college students found dead in an off-campus home
▼ + stars: | 2022-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +4 min

The killings of four University of Idaho students Sunday elicited shock and sadness on campus, in the college city of Moscow, Idaho, and beyond. Mogen planned to move to Boise after graduating this spring, family friend Jessie Frost told the Idaho Statesman newspaper. Chapin had just turned 20, and was a triplet, his parents, Stacy and Jim Chapin, told NBC affiliate KING of Seattle. “Everything we do, is all of us, together,” Stacy Chapin told the station. “I am lucky to have had her as a sister,” her sister, Jazzmin Kernodle, said in a statement.

☆ In China's property crisis, global asset managers see opportunity in rental housing
▼ + stars: | 2022-11-16 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

The state push is also backed by potentially lucrative returns - depending on the business model, returns on rental housing projects could be between high single digit and high teens. According to consulting firm Frost & Sullivan, the size of the rental housing market in China is expected to increase to 2.7 trillion yuan ($372.25 billion) by 2026, after rising to 1.8 trillion yuan in 2021 from 1.2 trillion yuan in 2017. Warburg Pincus also sees more opportunities in the rental housing because of increasingly attractive asset prices and less competition from cash-strapped local developers. As part of that, regulators have asked trust companies to provide financing to developers for rental housing construction and acquisitions. Across cycles, investment demand may have been affected but not overall housing demand," said Warburg Pincus' Zhang.

☆ Coffee prices are crashing. What it means for your cup of joe
▼ + stars: | 2022-11-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —Coffee futures are crashing. “When the dollar goes up, everything measured in dollars, like international coffee prices, tend to go down,” Mera said. In the year through October, not adjusted for seasonal swings, coffee prices jumped 14.8% in the grocery store, according to data from the Bureau of Labor Statistics. But the improved conditions won’t necessarily mean a big decline in coffee prices for consumers, Mera noted. That’s because while coffee prices are falling, other costs, like labor and distribution, are still high for producers.

SummarySummary CompaniesCompanies Law firms Frost Brown Todd and AlvaradoSmith to merge effective Jan. 1Combined firm will have more than 575 lawyers in 17 offices(Reuters) - Frost Brown Todd is set to combine with California law firm AlvaradoSmith as the Cincinnati-founded firm continues to branch out to new regions. The combination will give Frost Brown Todd 23 additional attorneys and three California offices in Los Angeles, Orange County and San Francisco. Frost Brown Todd, founded in 1919 as Frost & Jacobs before merging in 2000 with Louisville-founded Brown, Todd and Heyburn in 2000, has roots in the middle of America, with offices in Ohio, Kentucky, Indiana and other states. The AlvaradoSmith attorneys are joining the larger firm under the name Frost Brown Todd AlvaradoSmith in California through 2023, before reverting to the Frost Brown Todd name the next year. Law firm mergers dropped as the COVID-19 pandemic took hold in 2020, and activity stayed at lower levels throughout 2021.

☆ In Burnley, Britain's cost of living crisis hits home
▼ + stars: | 2022-11-15 | by ( Natalie Thomas | ) www.reuters.com time to read: +6 min

[1/6] Keelie Topping shops in the parish of the Church of St Matthew the Apostle in Burnley, England, Britain November 10, 2022. While millions in Britain face a difficult winter, the Centre for Cities think tank says the nearly 95,000 residents of Burnley are most exposed to the shockwaves ripping through the economy. Consumers in Burnley saw prices rise 11.7% in the year to September, the think tank estimates, compared with 10.1% nationally, and 9.1% in London. Britain's exit from the European Union has so far failed to yield economic dividends for places like Burnley. Adrian Pabst, at the National Institute of Economic and Social Research think tank, said the cost of supporting the poorest households did not have to be big.

☆ Gen Z workers are underrepresented in the federal government: report
▼ + stars: | 2022-11-14 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Gen Z employees are underrepresented in the federal government, according to a new report. The nonprofit Partnership for Public Service analyzed federal retention trends centering on Gen X and Gen Z. The average turnover rate for Gen Z in the federal government — more than 12% — was also significantly higher than the federal government-wide rate at around 6%. Congress will, however, soon have its first Gen Z member in Maxwell Frost, a 25-year-old Democrat who won Florida'sFinancial stability was a chief concern among Gen Z workers, who on average had more than $18,000 in student debt in 2021. With the COVID-19 pandemic still present, workplace flexibility and easy-to-use digital technologies were also among the priorities of Gen X and Gen Z federal employees, according to the report.

☆ Ex-college basketball player and wife identified as pair killed in a murder-suicide inside the Dallas medical examiner’s office
▼ + stars: | 2022-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | David K. Li | ) www.nbcnews.com time to read: +2 min

The man who killed his estranged wife, a Dallas medical examiner, inside her office before turning the gun on himself, was identified as a former college basketball player, authorities said Friday. James "Jed" Frost, who played at the University of Missouri in the early 1990s, fatally shot his wife, Dr. Beth Ellen Frost, on Tuesday afternoon inside her office at the Dallas County Medical Examiner's Office, officials said. The shooting is still under investigation, a Dallas County Sheriff's spokeswoman said. Frost's office near downtown Dallas after shots were heard at about 4:45 p.m., sheriff's deputies said. "We don't expect anyone to occupy that office," Price said.

☆ Midterms Bring Republicans to a Fork in the Road
▼ + stars: | 2022-11-11 | by ( Mitt Romney | ) www.wsj.com time to read: +1 min

Depending on the outcome of several key races, the Republican Party could soon have control of one or both houses of Congress. Robert Frost and politics don’t really mix, but his famous allegory is apt: Two roads diverge before this potential GOP majority. The one “less travelled by” would be to pass bills that would make things better for the American people. The more tempting and historically more frequented road would be to pursue pointless investigations, messaging bills, threats and government shutdowns. The road we choose could make “all the difference.”Exit polls of voters confirmed that inflation remains a top voter concern.

In Arizona Senate, Democratic Sen. Mark Kelly is ahead of Republican Blake Masters by 115,000 votes with 80% in. On Dobbs, the national exit poll showed 27% of voters picking abortion as their No. And remember that our final NBC News poll found Trump as one of the most unpopular political figures we measured, especially compared with President Biden. In each state, those Democratic secretaries of state nominees were running against Republicans who cast doubt on the 2020 election result. Two of those five feature Democrat vs. Democrat contests, thanks to the state’s Top 2 primary, so those will stay in the Democratic column.

☆ This Easy Thanksgiving Dessert Recipe Is an Elegant Alternative to Apple Pie
▼ + stars: | 2022-11-10 | by ( Aleksandra Crapanzano | ) www.wsj.com time to read: 1 min

COME AUTUMN’S harvest, apples take pride of place in American desserts, and I’m not one to argue that. It arrives a little later in the season and is often overlooked, particularly in baking. But pears have a delicate sweetness that softens the blow of the first frost, offering a fragrance that’s mild but quietly intoxicating. Baked, they lend themselves to spicing, particularly with cardamom and ginger. While I wouldn’t recommend a pear pie—the fruit would disintegrate, steamed under a pie crust—pears are ideal in a tarte Tatin, which cooks far more quickly, particularly when made with puff pastry.

☆ Maxwell Frost Will Be the First Gen Z Congressman. See Who Else Has Been Elected in Their 20s.
▼ + stars: | 2022-11-10 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Democrat Maxwell Frost of Florida, 25 years old, is one of the youngest candidates to ever be elected to the House of Representatives. Frost is set to be the first member of Generation Z in Congress after just meeting the minimum age requirement to serve in the House. He, like the oldest members of his generation, was born in 1997.

Several Republican and Democratic Latinos made history in the midterm elections, even as votes were still being tallied Wednesday in many parts of the country. According to the National Association of Latino Elected and Appointed Officials, Latinos ran for top offices in 44 of the nation's 50 states. Antonio Delgado became the first person who identifies as Latino to be elected to the office, according to the National Association of Latino Elected and Appointed Officials. Matos, a former Providence City Council president, was appointed lieutenant governor in April 2021 when Dan McKee became the state's governor. Follow NBC Latino on Facebook, Twitter and Instagram.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

Community organizer Maxwell Frost won his Florida race for Congress on Tuesday, NBC News projected, making him the first member of Generation Z to reach the House of Representatives. Frost, 25, beat Republican Calvin Wimbish, a retired 72-year-old Army Green Beret, to take the Orlando-based 10th Congressional District seat now held by Democrat Val Demings. Frost will stand out among his soon-to-be peers in the halls of Congress where the average age of House members is 58. (Gen Z generally refers to those born in the late 1990s to the early 2010s.) “We made history for Floridians, for Gen Z, and for everyone who believes we deserve a better future.

☆ 25-year-old Maxwell Frost will be the first Gen Z member of Congress
▼ + stars: | 2022-11-09 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Progressive activist Maxwell Alejandro Frost, 25, will officially become the first Gen Z member of Congress after winning his race to represent Florida's 10th Congressional District. "Central Florida, my name is Maxwell Alejandro Frost, and I'm going to be the first Generation Z member of the United States Congress!" He quit his previous job in order to run for Congress and drove for Uber to pay rent while on the campaign trail. He's passionate about gun reform, often referring to Gen Z as the "school shooter generation." The 2022 midterms were the first time members of Gen Z could run for Congress, which Pew Research Center defines as people born between 1997 and 2012.

☆ 'Life is wild!': First Generation Z member elected to U.S. Congress
▼ + stars: | 2022-11-09 | by ( Tyler Clifford | ) www.reuters.com time to read: +3 min

Nov 9 (Reuters) - Maxwell Frost had just been elected to represent Florida in the U.S. Congress when the 25-year-old received a call that embodied the historical moment. It was U.S. President Joe Biden, a fellow Democrat calling with congratulations on being the first person of Generation Z elected to Congress as a member of the House of Representatives. Identifying as Afro-Latino, Frost's background reflects a generation of Americans that is more racially and ethnically diverse than older age groups. Another Gen Z candidate, Republican Karoline Leavitt, lost her congressional race in New Hampshire. Gen Z voters have come of age in a world reshaped by the global pandemic that disrupted work and school culture, all while stirring economic uncertainty.

☆ Meet Maxwell Alejandro Frost, the 25-year-old gun-violence-prevention advocate backed by Bernie Sanders who will be the first Gen Z member of Congress
▼ + stars: | 2022-11-09 | by ( Bryan Metzger | Sophia Ankel | ) www.businessinsider.com time to read: +7 min

At 25, Frost is set to become the first Gen Z member of Congress. Frost, who would also be Congress' only Afro-Cuban member, beat Republican candidate Calvin Wimbish by nearly 20 points, per Decision Desk HQ. "It still hasn't fully sunken in," Frost told Insider at the time. At 25 — the minimum age to serve in the US House — Frost will be the youngest member of Congress. "You get in for one reason, and then you find out there's a lot of things that are messed up," he told Insider in May.

☆ Debt ceiling showdown could be first battle for new Congress and White House
▼ + stars: | 2022-11-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Congress last raised the debt ceiling by $2.5 trillion December, 2021, providing enough borrowing capacity to get past the midterm elections. "Since 2011, the market really hasn't reacted too much to the debt ceiling fights. That would pit the White House against congressional Republicans, who see raising the debt ceiling as an opportunity to cut and redirect spending. President Joe Biden, in a tweet, last weekend talked about the pending debt ceiling battle. He said that even before the debt ceiling, Congress needs to pass a continuing resolution in December to temporarily fund the government.

☆ World wine output dips slightly after year of torrid weather
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

PARIS, Oct 31 (Reuters) - World wine production in 2022 is expected to dip slightly below last year's level, with a better than anticipated volume in drought-hit Europe mostly offsetting a forecast drop in southern hemisphere output, an intergovernmental wine body said. In initial projections this year, the International Organisation of Vine and Wine (OIV) pegged world production at between 257.5 million and 262.3 million hectolitres (mhl), with a mid‑range estimate at 259.9 mhl. That would be around 1% lower compared with an estimated 2021 volume of 262 mhl and below the average of the past 20 years, the OIV said in a note. "Overall, in 2022 the dry and hot conditions observed across different regions of the world have led to early harvests and average volumes," it said. The OIV cautioned that it did not have 2022 data for China and Russia, but anticipated a structural decline in Chinese production would continue.

☆ As Maine’s winters shorten, tiny ticks threaten state’s mighty moose
▼ + stars: | 2022-10-28 | by ( Lauren Owens Lambert | ) www.reuters.com time to read: +5 min

“We’ve seen that areas with lower moose density tend to have healthier moose with fewer ticks,” said state Moose Biologist Lee Kantar, who is running the study. Maine's moose population is currently the largest of all the lower 48 states at over 60,000 animals, according to state figures, thanks to an ideal habitat and careful management of the annual moose hunt. Kantar is now leading research to test whether thinning the moose population through increased hunting can help. It is unclear, he said, what an ideal moose population would be for Maine but he hopes the study will help answer that. Each year, the Maine moose hunt draws around 50,000 applications in a lottery for the 2,000 to 3,000 moose permits typically issued.

Search resuls for: "frost"

25 mentions found