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☆ A mystery company backed by Silicon Valley elites is buying up land to build a new city. Farmers say they've been pressured to sell up.
▼ + stars: | 2023-10-31 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

New filings accuse the company backed by Marc Andreessen and Reid Hoffman of forcing farmers to sell up. Solano County farmers say Flannery Associates targeted them with pressure tactics and litigation. The company has bought up 52,000 acres outside San Francisco to build a utopian city. AdvertisementAdvertisementThe company that wants to create an entirely new city in California, and that's backed by Silicon Valley billionaires, has been accused of coercing farmers into selling their land. AdvertisementAdvertisementCalifornia Forever, the parent company behind Flannery Associates, did not immediately respond to a request for comment from Insider, sent outside normal working hours.

Persons: Marc Andreessen, Reid Hoffman, Flannery, —, John Garamendi, Jan Sramek, Mark Friedman, Princess Washington Organizations: Service, Silicon, Bloomberg, California, KQED, New York Times, Flannery Associates Locations: Solano, San Francisco, California, Solano County, Sacramento, Princess, Suisun City

Union wages, and the battles to keep them, have elevated the fortunes of countless Black families, Brooks said. “Black people could take advantage of that and buy homes in neighborhoods throughout Detroit,” Perry said. “Without the union jobs, (employers) can do anything, say anything and you're out the door,” she said. Only about 25% of Detroit's residents are in that range, and about two-thirds of city residents earn less than $50,000 per year, Goss said. Martin described her childhood during the 1970s and 1980s in her predominantly Black Detroit neighborhood as among the “happiest times” of her life.

Persons: WAYNE, Britney Johnson, Johnson's, “, ”, Tracy Brooks, Johnson, Brooks, Bobbie Allen Sr, Allen, ” Brooks, Andre Perry, ” Perry, Mike Duggan, Anika Goss, Goss, Yolanda Martin, Martin, Tracy Hadden Loh, ” Martin, ” ___ Jefferson, Rhonda Shafner Organizations: Black, United Auto Workers, Ford, Union, General Motors, Ford Motor, Blacks, Brookings Metro, Brookings Institution, Daimler Chrysler, Fiat Chrysler, PSA Peugeot, Detroit Future, Chicago . Locations: Mich, Ford's Wayne, Texas, Michigan, Detroit, Stellantis, U.S, Chicago, Black Detroit, Rosedale, Grandmont, Novi, New York

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, the three sources said. BP is also considering creating joint ventures in the Eagle Ford basin, but the talks do not include its positions in the oil-rich Permian basin for now, two of the sources added. The rapid growth in U.S. shale oil and gas operations over the past 15 years has upended global markets, turning the U.S. into a major exporter of energy. By pursuing joint ventures, BP can achieve growth ambitions while avoiding spending billions on acquisitions.

Persons: Chris Helgren, Hess, Murray Auchincloss, Bernard Looney, Ron Bousso, David French, David Gregorio Our Organizations: BP, REUTERS, Reuters, Exxon Mobil, Chevron, Natural Resources, Eagle Ford, Lewis Energy, BHP, Interim, Thomson Locations: Vancouver , British Columbia, Canada, London, Eagle, U.S, Texas, Denver, New York

New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.

Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas

☆ Exxon names new shale oil chief to replace executive facing assault charge
▼ + stars: | 2023-10-30 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +3 min

Cahir has previously run Exxon's shale business including its XTO unit as senior vice president of Unconventional from July 2020 through April 2022. Unconventional is Exxon's term for shale oil and gas. That purchase will bring Exxon's shale output to 1.3 million barrels of oil and gas (boepd), more than a quarter of its overall production. Cahir led Exxon's Unconventional unit as senior vice president as Exxon implemented tough costs cuts following the collapse of oil and gas prices during the pandemic. NO PLEAFormer shale boss Scott appeared before a Texas judge last week on second-degree felony sexual assault.

Persons: Dado Ruvic, Bart Cahir, Cahir, Exxon Mobil's, David Scott, Scott, Dan Cogdell, Cogdell, Ken Paxton, Paxton, Sabrina Valle, Erwin Seba, David Gregorio, Jonathan Oatis Organizations: Exxon Mobil, REUTERS, Exxon, Pioneer, Solutions, Natural Resources, Exxon's, Texas, Thomson Locations: HOUSTON, Cahir, Midland, U.S, Delaware, Texas

That’s very different than how Google defines Flatbush:Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readers Prospect Park Holy Cross Cemetery Flatbush by google maps Flatbush by readersLet’s look closely at Brooklyn’s Prospect Heights, which has mostly sharp edges and one very blurry one:Sharp prospect heights Sharp blurry Sharp Prospect Park Sharp prospect heights Sharp blurry Sharp Prospect Park Crown heights Prospect Park Crown heights Prospect Park prospect heights ? Crown heights Prospect Park prospect heights ? Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 80% 60 Black 40 White 20 2000 2022 80% Racial composition of Prospect Heights and Crown Heights residents, 2000-2022 60 Black 40 White 20 2000 2022 Source: Furman Center, N.Y.U. prospect heights Condo for sale crown heights Prospect Park prospect heights Condo for sale crown heights Prospect ParkStreetEasy lists the unit as being in Crown Heights. A local grocery store on Classon Avenue — two blocks east of Washington,prospect heights Key Food Prospect Heights crown heights Prospect Park prospect heights crown heights Key Food Prospect Heights Prospect Parkused to be called Gala Fresh Farms.

Persons: Van, Obeid, ”, It’s, who’s, New, Casey Berkovitz, Mr, ’ you’re, ‘, Yemen ’, ” Mr, ” Long, Robert Moses ’ Brooklyn, Red, “, ” Colson Whitehead, Readers, Fort Greene, Tubby, ., Red Hook, Hook, Whitehead, we’ll, Douglas Elliman, ” “, streeteasy, Xavier Santiago, it’s, Suleiman Osman, Rambo, Ross Perlin, Perlin, Sures, Yemen hasn’t Organizations: Kennedy, Google, Bronx Zoo, East Harlem —, Carnegie, Brooklyn, New York Times, Times, Richmond Hill, city’s, Department, Bronx . The Bronx Muslim, Bushwick :, Stuyvesant Bushwick, Powell, soho tribeca, New York Public, Queens Expressway, Yorkers, steinway, Queens, Navy, Waterfront District, Fort, Brooklyn - Queens, Yorker, Bushwick, Jersey Silver, Park New Jersey Silver, Prospect, White, Furman Center, Sterling, East, Manhattan’s, brooklyn South brooklyn South brooklyn South brooklyn, Liberty Loan, Carroll Gardens, “, brooklyn ”, Language Alliance, East Harlem, Washington Locations: New York City, Bronx, Morris, New York, Little Yemen, Manhattan, East, Sugar, Clinton, Rose, Richmond, Todt, Lenox, Forest, Cypress Hills, Murray, Yemen, “, Brooklyn, Bushwick, Bushwick : Bushwick Bedford, Stuyvesant Bushwick Bedford, Stuyvesant, Windsor Terrace, windsor, Green, kensington, Queens, Point, Flushing, Powell, Lower Manhattan, TriBeCa, SoHo, Houston, soho, Hudson, Lispenard, Queens Expressway Brooklyn, Astoria, Woodside, Jackson Heights, astoria, sunnyside Brooklyn, Dumbo, Columbia, Red Hook, williamsburg, columbia, carroll, Red, Fort Greene Park Brooklyn, Queens Expressway columbia, Williamsburg, greenpoint East, Queens Expressway williamsburg, greenpoint East River williamsburg Brooklyn, East Williamsburg, ”, BoCoCa, Hamilton Heights, Greenwood Heights, Hudson Heights, Lincoln, Bridges, Carnegie Hill, Manhattan Valley, SpaHa, Village, Bedford, Kingsbridge, Riverdale, Fort, Inwood, Inwood washington, chelsea, greenpoint tribeca williamsburg ridgewood kew, brooklyn, bushwick, Soho ridgewood kew, Sheepshead, Shore, Staten Island, Jersey, Park New Jersey, Flatbush, Prospect, Prospect Heights , Brooklyn, Heights , Brooklyn, Prospect Heights, Crown, Washington, Classon, Crown Heights, Side, East Harlem, harlem, Harlem, Central, streeteasy, carnegie, South Brooklyn, Carroll, Revolutionary, Boerum, Cobble, South Bronx, Spanish Harlem, South Harlem, Lower, Loíza, Puerto Rico, Language, Barrio, Puerto Rican, Hispaniola, Dominican, Washington Heights

A public deal announcement with Stellantis is expected later Saturday afternoon or early evening, the sources said. Stellantis shuttered its assembly plant in Belvidere, Illinois, early this year, leaving 1,300 workers without jobs. The tentative contract deal will have provisions on the use of temporary workers, the sources said, adding Stellantis has agreed to significant investment. Fain and other senior union leaders are briefing local UAW chiefs by video conference, the sources said. The deal is also expected to include investments in other U.S. plants, including the Trenton engine plant, the sources said.

Persons: Stellantis, Shawn Fain, Biden, Fain, Tesla, Ford, Joe Biden, David Shepardson, Joseph White, Sayantani Ghosh, David Gregorio, Peter Henderson Organizations: United Auto Workers, Chrysler, Detroit Three, UAW, Ford, GM, Detroit, Detroit automakers, EV, Toyota, Kentucky, Korean, buildouts, U.S, Republican, Thomson Locations: Belvidere , Illinois, Illinois, U.S, Trenton, Detroit, Arlington , Texas, Tahoe, Sterling Heights , Michigan, Hollywood, Michigan

That lectern hasn't been seen at Sanders' public events, and the governor's office won't say where it is. A photo the Arkansas Democrat-Gazette ran on the front page after Sanders' office allowed the paper to view it has been widely circulated. When The Associated Press asked to see the lectern, Sanders' office sent an official photo of it instead. Mike Huckabee, has offered lawmakers the testimony of a client he says has firsthand knowledge of the governor's office interfering with public records requests. That includes a governor's office employee in September adding the undated “to be reimbursed” note to the original June invoice.

Persons: Sarah Huckabee Sanders, —, Washington —, Sanders, haven't, Jimmy Kimmel, Trump, we’re, ” Sanders, she's, “, Janine Parry, Matt Campbell, Campbell, ” Campbell, it's, Virginia Beckett, Tom Mars, Mike Huckabee, Biden, Bart Hester, ” Hester, ” Organizations: Republican, White House, The New York Times, Republican Party, Republican Party of Arkansas, Pentagon, University of Arkansas, Arkansas Democrat, Gazette, Associated Press, GOP, Beckett, Democrats, State Police, Gov, New, PAC Locations: Arkansas, Washington, Virginia

☆ Check out a fairytale English castle surrounded by a moat that you can rent on Airbnb for $6,000 a night
▼ + stars: | 2023-10-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

A 600-year-old castle is available to rent on Airbnb for around $6,000 a night. The property in Norfolk, England, has 15 bedrooms and can host up to 30 people. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIf you want to live like an English lord for a night, look no further than the grand, 600-year-old castle in Norfolk, England, that is now available to rent on Airbnb. Take a look inside.

Persons: — Organizations: Service Locations: Norfolk, England, Airbnb

The search for Robert Card, 40, of Bowdoin, involved both old-fashioned footwork and advanced technology, but for almost two days after the shooting there was still no sign of Card by air, water or land. Maine's wildlife game wardens were among the officers taking part in the water search. “That AI technology can be used to search the video faster," Carter said. SEARCHING BY AIRColder temperatures expected this weekend would have made it easier to use thermal search equipment, Sauschuck said during the afternoon press conference. “Helicopters and drones, given how wooded it is there, using infrared technology can help you look through the canopy,” Carter said.

Persons: outdoorsman, Robert Card, Bowdoin, Mike Sauschuck, Sauschuck, Ryan Smith, David Carter, ‘ I’ve, ’, ’ ”, Carter, “ It’s, ” Carter, “ It's, “, ”, Michael Balsamo Organizations: Maine Public, U.S . Coast Guard, Maine's Department of Public, Michigan State University, FBI, “ Helicopters, Maine Department of Inland Fisheries, Wildlife, Canada Border Services Agency, Lewiston Police Department, Analysis, Associated Press Locations: Maine, Androscoggin, Lisbon Falls , Maine, Kennebec, U.S, State, New York

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

NEW ORLEANS (AP) — Four tracts of federal Gulf of Mexico waters of the coasts of Texas and Louisiana, ranging in size from nearly 57,000 acres (23,100 hectares) to over 495,000 acres (200,230 hectares), were designated Thursday for development of wind energy by the Biden administration. That sale drew a $5.6 million bid from one company for one Gulf tract, a modest start for wind energy in the Gulf, which lags behind the Northeast in offshore wind power development. The areas designated on Friday:— 495,567 acres (200,549 hectares) about 47 miles (76 kilometers) off the coast of Texas that could support wind power generation for 2.1 million homes. — 91,157 acres (36,890 hectares) about 53 miles (85 kilometers) off the coast of Texas, that could support wind power for 387,450 homes. — 56,978 acres (23,058 hectares) about 82 miles (132 kilometers) off the coast of Louisiana that could support wind power for 242,000 homes.

Persons: Biden Organizations: ORLEANS, of Ocean Energy Management Locations: Gulf, Mexico, Texas, Louisiana

☆ Maine mass killing suspect has been found dead, ending search that put entire state on edge
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

The man wanted in the mass shooting at a bowling alley and bar that killed 18 people and wounded 13 was found dead Friday, bringing an end to a search that put the entire state of Maine on edge for the last two days. Robert Card, who was wanted in connection with the shootings at Schemengees Bar and Grille and at Just-In-Time Recreation bowling alley in Lewiston, was found dead in Lisbon Falls, Maine, Gov. Commissioner of Maine Department of Public Safety Mike Sauschuck said Card was found at 7:45 p.m. near the Androscoggin River of an apparent self-inflicted gunshot wound. Police found Card's body at a recycling facility where he recently worked, a law enforcement official told the AP. The official was not authorized to discuss details of the investigation publicly and spoke to The AP on condition of anonymity.

Persons: Robert Card, Janet Mills, Mike Sauschuck, Card Organizations: Gov, Maine Department of Public, Police, AP, U.S . Army, U.S, Associated Press, Army Reserve's, Battalion, 304th Infantry Regiment, State, Keller Army Community Hospital, Authorities, Public Locations: Maine, Lewiston, Lisbon Falls , Maine, Androscoggin, Bowdoin , Maine, U.S, West Point , New York, West

☆ Brazilian Lawmakers Advance Country’s Regulated Carbon Market
▼ + stars: | 2023-10-26 | by ( Paulo Trevisani | Luciana Magalhaes | ) www.wsj.com time to read: +5 min

A Brazilian carbon market would be an important addition to an expanding network of cap-and-trade systems around the world. Brazilian agricultural producers and miners hope the carbon market will help overcome headwinds in developed markets where consumers often associate them with deforestation. Exporters of manufactured goods using Brazilian grains, meat, iron-ore and other raw materials could also get a boost if carbon regulation improves the country’s environmental credentials, according to Brazilian business executives. Sen. Tereza Cristina —a former agriculture and livestock minister—defended the decision to exclude the sector from carbon regulation. “The farm sector isn’t ready for the regulated carbon market,” she said.

Persons: Eraldo Peres, Luiz Inácio Lula da Silva, Flávio Roscoe, ”, Marcio Astrini, Tereza Cristina —, —, Fábio Passos, Passos, Paulo Trevisani, Luciana Magalhaes Organizations: Associated Press, United, Observatory, Sen, Business, Bayer’s, luciana.magalhaes@wsj.com Locations: Brazil, Associated Press Brazil, Nations, United Nations, Pennsylvania, Minas Gerais, Europe, Latin America, paulo.trevisani@wsj.com

☆ Robert Card, the Maine shooting suspect, was a skilled marksman, former Army Reserve colleague tells CNN
▼ + stars: | 2023-10-26 | by ( John Miller Curt Devine Casey Tolan Isabelle Chapman Allison Gordon | John Miller | Curt Devine | ) edition.cnn.com time to read: +5 min

“Out of concern for his safety, the unit requested that law enforcement be contacted,” said the spokesperson, Col. Richard Goldenberg. Card then spent a few weeks under evaluation at the hospital, the law enforcement officials said. The 40-year-old Card also threatened to shoot up a National Guard base in Maine, law enforcement officials previously told CNN. Card is a petroleum supply specialist in the Army Reserve and first enlisted in 2002, according to records provided by the Army on Thursday. Clifford Steeves of Massachusetts told CNN he knew Card when they served in the Army Reserve together, starting in the early 2000s until about a decade ago.

Persons: outdoorsman, Robert R, Camp Smith, ”, Richard Goldenberg, Card, Card’s, Katie O’Neill, ” O’Neill, Clifford Steeves, ” Steeves, “ It’s, “, Steeves, Eric Gordon, Brittney Griner, Joe Biden, Dinesh D’Souza, Donald Trump Jr, Tucker Carlson Organizations: CNN, Army Reserve, Camp, Keller Army Community Hospital, United States Military Academy, National Guard, Richard Goldenberg . New York, Police, Card, Army, former Army Reserve, University of Maine, Public, Lewiston ., CNBC Locations: Maine, Lewiston , Maine, New York, Richard Goldenberg ., Massachusetts, Wisconsin , Georgia, Bowdoin , Maine, Lewiston, Lisbon , Maine

☆ Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals
▼ + stars: | 2023-10-26 | by ( David French | ) www.reuters.com time to read: +2 min

CrownRock's investment bankers have asked interested parties to submit initial offers next week, two of the sources added. Diamondback Energy (FANG.O), Devon Energy (DVN.N), Marathon Oil (MRO.N) and Continental Resources are also studying potential bids for CrownRock, the sources said. The company is led by Texas billionaire businessman Timothy Dunn and backed by private equity firm Lime Rock Partners. Bloomberg News reported last week that Devon was considering a bid for CrownRock, and that Devon has also held preliminary talks about a tie-up with Marathon. Reporting by David French in New York; Editing by Greg Roumeliotis and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, CrownRock, Timothy Dunn, Conoco, Devon, David French, Greg Roumeliotis Organizations: ConocoPhillips, REUTERS, Houston, Exxon Mobil Corp, Chevron Corp, Diamondback Energy, Devon Energy, Continental Resources, CrownRock, Marathon Oil, Continental, Diamondback, Exxon, Natural Resources, Chevron, Hess Corp, Lime Rock Partners, EOG Resources, Devon, Bloomberg News, Marathon, Reuters, Thomson Locations: Vancouver , British Columbia, Canada, Texas, Conoco, Devon, Midland, Marathon, New York

☆ For Many in Wyoming, a Biden Plan to Protect Land Is Beyond Unpopular
▼ + stars: | 2023-10-26 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

Of all of the efforts by the Biden administration to protect environmentally fragile lands, few have generated as much vitriol as a proposal that would block oil and gas drilling on 1.6 million acres of high desert sagebrush steppe in Wyoming. A federal lands manager said she had received violent threats, prompting an investigation by the Federal Bureau of Investigation. The 1,350-page proposal for managing 3.6 million of acres of federal land in Southwest Wyoming was years in the making but still took many Wyoming residents by surprise when the Bureau of Land Management made it public in August. In addition to blocking energy development on nearly half that land, or 1.6 million acres, the plan would also restrict mining and some grazing. Those areas include petroglyphs dating back some 200 years, North America’s largest sand dunes and migration corridors in the Red Desert for bighorn sheep, mule deer and elk.

Persons: Biden, Biden’s, ” Organizations: Republican, Federal Bureau of Investigation, Land Management Locations: Wyoming, Pearl Harbor, China, Southwest Wyoming, North

That has allowed forests to become four to seven times more densely wooded than they once were, Safford said. Fire scientists advocate more deliberate burning at low-to-moderate severity to clear vegetation that makes forests susceptible to big fires. Susan Britting, executive director of one of the groups, Sierra Forest Legacy, acknowledged any cutting triggers skepticism because loggers historically took the largest, most marketable trees. But she said thinning trees up to a certain diameter is acceptable, though she prefers prescribed burning. Homeowners are anxious prescribed fires will jump perimeters and destroy houses.

Persons: ” Hugh Safford, Davis, John Muir, What’s, Safford, “ We're, ”, Brandon Collins, Chad Hanson, there's, Hanson, Christy Brigham, ” John Muir, Jeffrey, “ John Muir, ” Safford, gesturing, “, it's, Weeks, Susan Britting, ” Britting, John Muir Project's Hanson, Safford —, that's, what’s Organizations: University of California, Eldorado National, Sierra, U.S ., American Geophysical Union, John Muir Project, Earth Island Institute, Sequoia, National Parks, National Park Service, U.S . Forest Service, Service, Forest Service, Infrastructure Law, Sierra Forest Locations: Calif, Lake, Eldorado, Sierra Nevada, U.S, California, . California, Yosemite, Sequoia, Canyon, —, Berkeley, Lake Tahoe, Safford, New, Sierra

A year has passed since Hyundai Motor Group broke ground on the $7.6 billion vehicle and battery plant, the South Korean automaker's first U.S. factory dedicated to producing EVs. The plant is being built parallel to Interstate 16 on a site that covers more than 2,900 acres (1,170 hectares). Tollison said suppliers opening shop in nine Georgia counties near the Hyundai plant will create another 6,000 jobs. It’s the largest economic development project in Georgia’s history. Pat Wilson, Georgia’s economic development commissioner, has said Hyundai is projected to have a direct payroll of $4.7 billion over the next 10 years.

Persons: ”, Oscar Kwon, Jose Munoz, ” Munoz, Tollison, Pat Wilson Organizations: Hyundai Motor Group, Korean, Hyundai, Metaplant, Economic Development Authority, LG Energy Locations: Georgia, U.S, Savannah

But a couple of the world’s largest oil companies beg to differ – or at least for the future that extends out about three decades. This month, Exxon Mobil and Chevron have together bet heavily on a future their CEOs think will still need a lot of black gold. Hess also has considerable oil and gas assets in the U.S., including the Bakken area of western North Dakota, eastern Montana and southern Saskatchewan in Canada. But equally critical, the moves are important statements that the age of oil remains, despite the release on Tuesday of the annual world energy outlook from the International Energy Agency that forecasts global demand for fossil fuels will peak in 2030. Although he has championed many green energy policies, President Joe Biden also has done little to block the advancement of domestic oil and gas production.

Persons: Hess, ” Chevron, “ Hess, ”, Dan Pickering, we’re, it’s, ’ –, Fatih Birol, Mike Wirth, “, Pickering, Joe Biden Organizations: White, Exxon Mobil, Chevron, Natural Resources, Republican Party, “ Investors, Pickering Energy Partners, Hamas, International Energy Agency, Financial Times, French, U.S . Energy, Administration, Republicans Locations: Brussels, Chevron, U.S, Guyana, North Dakota, Montana, Saskatchewan, Canada, Texas, New Mexico, Saudi Arabia, Russia, Israel, Iran, Europe

☆ Trump mixed up square miles and acres when he bragged to Romney about returning land to Utah, book says
▼ + stars: | 2023-10-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

As Romney continued to listen to Trump, the then-president told him that he had given Utah "two million square miles of land," according to the book. AP Photo/Douglas C. Pizac, FileRomney, aware that Trump had mixed up square miles and acres, didn't say anything to the then-president, but noted with some lightheartedness that "two millions square miles would be, like, half the country." AdvertisementAdvertisementThe entire state of Utah, the 13th-largest state by area in the United States, is roughly 85,000 square miles. "I know the difference between acres and square miles," he volunteered during the conversation, according to the book. "This was square miles."

Persons: Romney, Trump, McKay Coppins, —, Mitt Romney, Orrin Hatch, Donald Trump, Barack Obama, Douglas, Joe Biden Organizations: Service, Trump —, Republican, Bears, Republicans, AP, Senate, Trump Locations: Utah, Washington, Escalante Canyons, United States, Alaska, Ukraine, Escalante

☆ They built a small house in rural Thailand for $22,500. They don't have debt, but that doesn't mean the lifestyle is easy.
▼ + stars: | 2023-10-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

They built a small house and an outdoor kitchen for $22,500. Ryan and Damo/Life in Rural Thailand"We did that for about a year and a half, and we were growing vegetables here," Ryan said. AdvertisementAdvertisementPhase two: building a small house with an outdoor kitchenThe house has distinctive wooden beams holding up the roof. Ryan and Damo/Life in Rural ThailandWith an eye on permanence, the couple designed a plan for a small home and a freestanding kitchen. Ryan and Damo/Life in Rural ThailandThat made him think about how he and his wife could use their home to make money.

Persons: Ryan, Damo, —, you've, That's, They're, Otis, Hugo, We've, they've, Amanda Goh Organizations: Service Locations: Bali, Thailand, Bali , Indonesia, Damo's, Buri Ram, Rural Thailand, agoh@insider.com

☆ California just legalized affordable housing in church parking lots and coastal cities — and it could help solve the state's crisis
▼ + stars: | 2023-10-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

Many housing advocates are also disappointed that Newsom vetoed a bill — AB 309 — to create "social housing" on government-owned land. Resnikoff, whose organization endorsed the effort, noted that the state's current fiscal conditions make it very hard to pass housing policy that requires funding. Advocates are quick to point out that California housing policy has impacts far beyond its borders. How effectively California deals with its housing affordability issues also directly impacts other states' housing markets. The migration of California residents to places from Texas to Oregon has put additional pressure on those states to provide even more housing.

Persons: Gavin Newsom, —, Ned Resnikoff, Chris Elmendorf, State Sen, Scott Wiener, Elmendorf, San Francisco Mayor London Breed, Breed, that's, Resnikoff, Brittany Murray, Newsom, Alex Lee, Lee, Eric Adams Organizations: Service, California, UC Davis, UC Berkeley, State, San Francisco Mayor London, Bloomberg, UC Berkeley's Terner, Housing Innovation, Habitat, Getty, New York City Locations: California, Francisco, San Francisco, Washington, Long, Greater Los Angeles, Vienna, Austria, Singapore, Central, Southeast Asia, New, Texas, Oregon

☆ Inside Passalacqua, the 'world's best hotel'
▼ + stars: | 2023-10-19 | by ( Maria Pasquale | ) edition.cnn.com time to read: +8 min

CNN —The “best hotel in the world” was built by a pope and was regularly visited by one of Italy’s most famous opera composers. On 19 September in London at the inaugural World’s 50 Best Hotels, the hotel on Lake Como was named number one. Passalacqua didn’t invent the term villeggiatura, but her every detail embodies it – a romantic 18th century villa turned faultless luxury hotel where you come to exhale and leave your worries behind. Rooms without a lake view start at 1,300 euros ($1,381) per night or 1,700 euros ($1,806) for a view in November – lowest season. Next summer, rates rise to 2,300 euros ($2,443) for a standard room without a lake view, or 3,200 ($3,400) for the cheapest room with a view.

Persons: we’ll, Stanley Tucci, Napoleon Bonaparte, Winston Churchill, –, Silvio Vettorello, “, Passalacqua, Vincenzo Bellini, Stefan Giftthaler Passalacqua, Antonella Mallone, Paolo De Santis, Valentina De Santis, Valentina, De Santis, “ Passalacqua, ”, Ruben Ortiz, Passalacqua –, Vincenzo Bellini –, Alessandro Rinaldi, Vettorello, Jane Austen, ” Maria Pasquale, Rome Organizations: CNN, intel, Scottish Highlands, Yorkshire Moors Locations: London, Como, Carrara, Verona, Milanese, Moltrasio, Lake Como, Italian, Italy, Yorkshire, Rome

☆ A Silicon Valley billionaire is leasing a 2-acre plot of private land for $1 a year to help address the Bay Area's housing crisis
▼ + stars: | 2023-10-19 | by ( Erin Snodgrass | Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The San Jose City Council voted to approve a new quick-build housing development for the unhoused. Silicon Valley billionaire John Sobrato will lease 2 acres of private land to the city at $1 a year. AdvertisementAdvertisementA Bay Area billionaire is offering his private land to the city of San Jose, California, for a $1 annual lease in an effort to tackle the area's homelessness. A 2023 Point-in-Time homeless census released earlier this year found at least 6,340 people were homeless in San Jose, local media reported. San Jose City Council representatives did not return Insider's request for comment.

Persons: John Sobrato, —, Sobrato, Matt Mahan, @MattMahanSJ, Mahan Organizations: San Jose City, Service, Area, San Jose City Council, Via, San Jose, NBC, VTA, Via Del, Council for Community, Economic Research, Sobrato Organization, Forbes Locations: San, Silicon Valley, San Jose , California, Via Del Oro, NBC Bay, South San Jose, Via, Edenvale, San Jose, California, Valley, Del Oro, Unhoused

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