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☆ What tie-ups in the U.S. oil patch could mean for players like Coterra Energy
▼ + stars: | 2023-10-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

While we don't own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA). Chevron's market cap is around $324 billion, while ConocoPhillips is worth roughly $152 billion, based on Thursday's stock prices. Companies in this basket could include Coterra, Devon Energy (DVN) and Diamondback Energy (FANG). Coterra is valued at roughly $22.4 billion Thursday, while Devon and Diamondback are valued at $31.7 billion and $30.5 billion, respectively. The shift has generally been positive for the stock prices of oil companies.

Persons: Gabriele Sorbara, Siebert Williams Shank, Nitin Kumar, I'm, Kumar, Pioneer's, Devon, Paul Cheng, Cheng, Jim Cramer's, Mizuho's Kumar, Jim Cramer, Jim, Paul Ratje Organizations: Exxon Mobil, Natural Resources, Coterra Energy, Exxon, Co, Chevron, ConocoPhillips, Mizuho Securities, Companies, Devon Energy, Diamondback Energy, Marathon, Bloomberg, Scotiabank, Pioneer, Jim Cramer's Charitable Trust, CNBC, Afp, Getty Locations: U.S, West Texas, New Mexico, Coterra, Devon, Oklahoma, Houston

☆ Analysis: Bumper US corn harvest sinks prices, pushes global supply to surplus
▼ + stars: | 2023-10-19 | by ( Mark Weinraub | ) www.reuters.com time to read: +5 min

A bumper harvest will strain storage capacity and hold down prices of the world's most traded commodity crop. Already corn prices are trending near three-year lows at a time when some food prices are rising due to tight supplies of other staples like rice, stoking inflation worries. Just 16 months ago corn prices were at their highest in a decade as the war in Ukraine disrupted supplies from the Black Sea breadbasket. USDA forecast that domestic corn supplies would jump 55% to 2.111 billion bushels in the 2023/24 marketing year, helping push the global stockpile to a five-year high by September 2024. Some growers need to take out loans to fund their operations as they wait and hope corn prices will rise.

Persons: Shannon Stapleton, Steve Pitstick, Pitstick, Stephen Nicholson, Bill Roenigk, Harold Wolle, Wolle, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: REUTERS, U.S . Agriculture Department, Brazil, Rabobank, Corn, Maine Foods, U.S, Growers, Thomson Locations: Kelley , Iowa, U.S, PARK , Illinois, Chicago, Illinois, Ukraine, Cal

☆ Billionaires are driving South Florida home prices to new records
▼ + stars: | 2023-10-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average price per square foot of homes sold in Palm Beach reached $4,554, more than 2.5 times more expensive than Manhattan. "The prices are mind-blowing," said Chris Leavitt, a top Palm Beach broker with Douglas Elliman. Miami Beach has also seen a spike in prices from wealthy buyers — especially billionaires. "Both Palm Beach and Miami Beach are disconnected from the interest rate trend."

Persons: Douglas Elliman, Miller Samuel, Chris Leavitt, Jonathan Miller, Leavitt, James Tigani, Harvey Jones, Tommy Hilfiger, Michael Cantanucci, Corcoran, Eric Schmidt, Ken Griffin, Alex Rodriguez, Griffin, Jeff Bezos, Tom Brady Organizations: Palm, Tech, Brokers, National Football League, CNBC Locations: Palm Beach, Miami Beach, Manhattan, New York , New Jersey, California, Florida, Miami

☆ I converted a sheep barn into an Airbnb with $2,000. Now, I manage over 100 listings. Here's how I grew my business and weathered the Airbnb apocalypse.
▼ + stars: | 2023-10-19 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

Jamie Inlow saw the Airbnb potential of her neighbor's sheep barn, and the two went into business. A property Inlow manages in Charlottesville, Virginia. In late 2020, the business took a real shift when a local real estate agent sent me a DM on Instagram. My partner and I run this Airbnb business full timeI didn't leave my consultancy job until July 2022 as my husband and I were also building our family home. The stylish interior of a Be Still Getaways property.

Persons: Jamie Inlow, Inlow, —, Airbnb, influencers, messaged, who'd, I'm, Inlow's, We're, we've Organizations: Service, Be, Appalachian State University, Facebook, House Locations: Scottsville , Virginia, Scottsville, Charlottesville , Virginia, Staunton , Virginia, Instagram

☆ Reality check, as Country Garden sells down a barely started Australia project
▼ + stars: | 2023-10-18 | by ( Byron Kaye | ) www.reuters.com time to read: +5 min

That has left Country Garden, once China's biggest private developer, which on Wednesday reiterated it was unlikely to meet all of its offshore debt repayments amid liquidity problems, trying to sell a project that is barely started and mired in uncertainty. Unlike Country Garden's other global projects, its financial exposure in Australia is mostly land purchase price and costs associated with subdivision. Country Garden Australia CEO Guotao Hu said in a statement the company's Australian assets "continue to perform well, in line with normal market behaviour and as planned". Country Garden did not disclose a purchase price when it announced the subdivision project in 2019, with a declaration at the time that "Risland is with the Wilton community for the long term". The Chinese firm has not said how much it hopes to make by selling most of the project.

Persons: Sebastian Pfautsch, Wilton, Suzy Brandstater, it'll, it's, Guotao Hu, Byron Kaye, Jamie Freed Organizations: HK, Wilton Greens, University of Western, Garden, Thomson Locations: Sydney, WILTON, Australia, Malaysia, Forest, Sydney's outskirts, Wilton, University of Western Sydney

☆ Arkansas orders Chinese-owned seed producer Syngenta to sell US farmland
▼ + stars: | 2023-10-17 | by ( Tom Polansek | ) www.reuters.com time to read: +3 min

CHICAGO, Oct 17 (Reuters) - Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about national security. "Our people in Arkansas are Americans led by Americans who care deeply about serving Arkansas farmers," Das said. The state also fined Syngenta $280,000 for failure to report foreign ownership in a timely manner. "All Syngenta land holdings have been examined by the U.S. government, through two administrations, as Syngenta was transitioning to ChemChina ownership," Das said.

Persons: Syngenta, Sarah Huckabee Sanders, Saswato Das, Das, Tim Griffin, Griffin, Northrup, Huckabee Sanders, Tom Polansek, Jonathan Oatis Organizations: BASF, Bayer, Sinochem Holdings Corp, Northrup King Seed, Syngenta, U.S . Department of Agriculture, U.S ., Thomson Locations: Arkansas, U.S, Craighead County, China, ChemChina, Shanghai

Northrup is a subsidiary of Syngenta Seeds, which is owned by China National Chemical Company, or ChemChina, a Chinese state-owned company. Concern has been growing in many states about foreign ownership of farmland. Prior to this year, 14 states had laws prohibiting or restricting foreign ownership and investments in private farmland. Under the Arkansas law, if a company doesn’t divest of the land, the state can take action in court. The surge in state laws targeting land ownership by certain foreigners represents a “a political flashpoint” that Brown says stems from some highly publicized cases of Chinese-connected entities purchasing land near military bases in North Dakota and Texas.

Persons: Tim Griffin, Northrup King, Sarah Huckabee Sanders, Northrup, ” Sanders, Griffin, Syngenta, Micah Brown, ”, Brown, David Lieb Organizations: —, Northrup King Seed, Republican, GOP Gov, Syngenta, China National Chemical Company, National Agriculture Law Center, University of Arkansas, U.S . Department of Agriculture, Associated Locations: — Arkansas, Craighead County, Arkansas, China, Iran, North Korea, Russia, North Dakota, Texas, Jefferson City , Missouri

☆ Record wildfires and drought hit the Amazon, drying up rivers and smothering Brazil in smoke
▼ + stars: | 2023-10-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Smoke from a fire rises into the air as trees burn amongst vegetation in Brazil's Amazon rainforest near Humaita, Amazonas state, Brazil, August 3, 2023. The Amazon has experienced record number of wildfires this October after a severe drough. In the first half of 2023, 3.6 million acres of the Amazon have been burned by wildfires, according to the Rainforest Foundation. The drought has disrupted cargo shipping along the region's rivers and depleted food, water and medical resources for Amazonian indigenous communities. Meanwhile, the fires have generated clouds of smoke that have brought the air quality to surrounding areas to dangerous levels.

Organizations: Brazil's National Institute for Space Research, Rainforest Foundation, Manaus Locations: Humaita, Amazonas, Brazil, Port, Manaus, Brazilian

PHNOM PENH, Cambodia (AP) — Commercial operations began Monday at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap. A Bangkok Airways flight from Thailand was the first to land, with 16 additional flights scheduled for the first day of operations at the Siem Reap-Angkor International Airport. The new airport can handle 7 million passengers a year, with plans to augment it to handle 12 million passengers annually from 2040. Another Chinese-funded airport is being constructed at a cost of $1.5 billion to serve the capital Phnom Penh. The new Phnom Penh international airport, formally known as the Techo International Airport, is set on 2,600 hectares (6,425 acres) and scheduled for completion in 2024.

Persons: Vongsey Vissoth, Hun Manet Organizations: —, Bangkok Airways, Angkor International Airport, Ministry of Tourism, Phnom, Techo Locations: PHNOM PENH, Cambodia, Wat, Siem Reap, Thailand, Angkor, Angkor Wat, China, Tourism, Phnom Penh

☆ ‘My money goes a lot further here’: This woman moved to Italy because the US was too expensive
▼ + stars: | 2023-10-13 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

And I thought, ‘Well, why not?’”In April 2021, Barto traveled to Italy to begin searching for a home. While Italian residents don’t pay property taxes on their main residence, non-resident property owners are required to pay a local property tax. Barbara Barto“You don’t really have to get out and drive. I don’t miss that at all.”Although she hasn’t been able to visit home since moving to Italy, Barto is planning to return to the US for the festive holidays. Language barrierWhile she’s picked up some Italian, Barto still finds the language difficult, and mainly relies on Google Translate when it comes to communicating with Italians.

Persons: Barbara Barto, ” Barto, wouldn’t, she’d, hadn’t, Barto, Kirk Fisher, I’ve, I’m, ”, “, Barbara Barto “, she’s, it’s “, ” She’s, didn’t, can’t, hasn’t, Barbara, ’ ” Barto, you’ve, who’ve Organizations: CNN, & Garden Television, CNN Travel, Elective, Google, Italian National Healthcare System Locations: Fort Worth , Texas, Palombaro, Abruzzo, Italy, United States, “, Texas, Rome, Venice, “ Texas, ‘

1 corn exporter to Brazil last year when the South American country harvested a breakthrough crop, just months after China gave the green light to Brazilian corn imports. The U.S. Department of Agriculture on Thursday maintained 2023-24 Brazilian corn production at 129 million metric tons, identical to the initial May projection. Conab predicts Brazil’s second corn harvest, which supplies the country's exports, could fall nearly 11% on the year to 91.2 million tons. China, like the United States, is winding down its 2023-24 corn harvest. On an October-September basis, USDA sees 2023-24 Brazilian corn exports at 59 million tons versus 53.7 million in 2022-23, and U.S. shipments are pegged at 52.5 million tons in 2023-24 versus 43 million in 2022-23.

Persons: Farmer Roger Hadley, John Deere, Bing Guan, Conab, Brazil Karen Braun, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, United, U.S . Department of Agriculture, El, USDA, U.S, USA, Brazil, Reuters, Thomson Locations: Woodburn , Indiana, U.S, Rights NAPERVILLE , Illinois, United States, Brazil, China, USDA, Northern, Southern, Mexico, Japan

The AI boom has triggered a surge in spending on data centers. The AI boom has supercharged a wave of spending on data centers. AdvertisementAdvertisementThe data center boom is set to double or triple the amount of energy consumed by these data centers. A recent Cowen research report estimated that AI data centers could require more than five times the power of traditional facilities. Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume.

Persons: —, ChatGPT, it's, Jonathan Gray, Cowen, Marc Ganzi, Shaolei Ren, Tom Keane, Keane, Bernstein, Mark Moerdler, Jahi, Matt McCollister, Pena Popo, Blackstone, Karla Moran, Moran Organizations: Service, McKinsey, Nvidia, UC Riverside, Microsoft, Washington, Getty, Lincoln Property Company, Harrison Street, Google, Meta, Amazon, Blackstone, Income Trust, QTS Realty Trust, Amazon Web Services, AP, Phoenix Locations: America, Rural America, Loudoun Meadows, Aldie , VA, Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Washington, DC, Virginia, New York City, Salt

☆ Colombia to Spend $4.25 Billion to Buy Land for Poor Farmers
▼ + stars: | 2023-10-13 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Luis Jaime AcostaBOGOTA (Reuters) - Colombia's leftist government will spend $4.25 billion to buy some 1.5 million hectares (3.7 million acres) of land for poor farmers or displaced people, as part of a bid to increase agricultural output and boost peace efforts, an official said. The conflict, which has involved rebels groups, the government, paramilitary organizations and crime gangs, originally began as a fight for land rights. Petro had originally said his government would buy 3 million hectares, but the official goal is now half that. Colombia's government also redistributes land confiscated from criminals and rebel groups and is making a push to formalize ownership for farmers who have worked land for generations without formal deeds. Some 1.3 million hectares have already been formalized, Vega said, and all the redistribution efforts should total about 7 million hectares by the end of Petro's term.

Persons: Luis Jaime Acosta BOGOTA, Gustavo Petro, Gerardo Vega, Petro, Vega, Luis Jaime Acosta, Julia Symmes Cobb, Bill Berkrot Organizations: National Land Agency

In it, the Haitian-born filmmaker of “Lumumba,” “Sometimes in April” and some of the most thoughtful, prodding essay-film documentaries, chronicles the story of the Reels family in North Carolina. The land, known as Silver Dollar Road, has been in the family since the days of Reconstruction, when their ancestors were freed from slavery. In Peck’s hands, the film stays close to the Reels’ experience and to the land; images of vines that wrap the family tree seem to grow out of the forests of Silver Dollar Road. There’s no way you can recover.”Instead, any villain in “Silver Dollar Road” is faceless. To feel at home and to feel at ease, not to be afraid that there would be something that would aggress them.”Peck was in Toronto to premiere “Silver Dollar Road” at the Toronto International Film Festival.

Persons: Raoul Peck, Barry Jenkins beelined, James Baldwin, Peck, Oscar, " Jenkins, ”, Baldwin, “, Beale, ” Jenkins, “ Lumumba, Elijah, what's, Melvin Davis, ” Peck, it’s, I’ve, Lizzie Presser, Mamie, Ellison, Kim Renee Duhon, Duhon, “ We’ll, they’re, Jake Coyle Organizations: TORONTO, HBO, Toronto, Twitter Locations: Toronto, Haitian, ”, North Carolina, Adams, Carteret County, North America, Berlin

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

NEW ORLEANS (AP) — Plans by the Port of South Louisiana to purchase what was once a major New Orleans area shipyard for construction of military vessels have been delayed. The port announced in January its intent to purchase the old Avondale Shipyard site from the current owner, port terminal operator T. Parker Host. However, The Times-Picayune/The New Orleans Advocate reported Wednesday that the purchase has been put off after port officials faced questions last month from the state Bond Commission. Host bought the site in 2018, roughly four years after the shipyard that once employed thousands was shuttered. The proposed purchase would require more than $400 million in public financing.

Persons: Parker, Paul Matthews, Tony Ligi, Bond Commission “, John Schroder, Jay Dardenne, Matthews, hasn't Organizations: ORLEANS, Port, Avondale Shipyard, The Times, New, New Orleans Advocate, Bond Commission, Host, “, Treasury, ”, Administration, Avondale Locations: Port of South Louisiana, New Orleans, Avondale

Cocaine is also increasingly found in shipments of tuna, as well as hidden in hollowed-out pineapples and stashed amid sugar, police say. The security situation in Ecuador has sharply deteriorated in recent years, one factor in South America's migrant exodus. Police have seized some 50 tonnes of drugs so far this year at the country's two principal ports. The percentage of searched banana shipments which contained cocaine has fallen this year, but it is still very high - at 57% in 2023, from 70% in 2022, according to police figures. There is evidence some drugs may be being displaced elsewhere, with the amount of searched tuna shipments containing drugs rising to 9% from 3%.

Persons: Vicente Gaibor del Pino, Pablo Ramirez, Daniel Noboa, Luisa Gonzalez, Gonzalez, Rafael Correa, Noboa, Alvaro Noboa, Guillermo Lasso, Lasso, Jose Hidalgo, Ramirez, hadn't, " Ramirez, Alexandra Valencia, Yury Garcia, Julia Symmes Cobb, Rosalba O'Brien Organizations: REUTERS, Rights, Police, Reuters, U.S . Coast Guard, Ecuador's, Thomson Locations: Guayaquil, Ecuador, Rights GUAYAQUIL, QUITO, South, Europe, Quito, United States, Sierra Leone, Hong Kong

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion. Exxon Mobil Corp. has been using some of that cash on acquisitions. In July the company announced that it was buying pipeline operator Denbury in an all-stock deal valued at $4.9 billion. In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately $4.5 billion.

Persons: Darren Woods, Scott Sheffield, Citi's Alastair Syme, Syme Organizations: Exxon Mobil, Natural Resources, Mobil, Exxon, XTO Energy, U.S . Energy Information Administration, Midland Basin, ExxonMobil, Pioneer, “, Exxon Mobil Corp, Parsley Energy, DoublePoint Energy Locations: West Texas, Texas, New Mexico, Delaware, Midland, U.S

☆ California regulator proposes $45 mln penalty for PG&E over 2021 Dixie fire
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A firefighter continues to hold the line of the Dixie Fire near Taylorsville, California, U.S., August 10, 2021. REUTERS/David Swanson/File Photo Acquire Licensing RightsOct 10 (Reuters) - The California Public Utilities Commission (CPUC) on Monday proposed a $45 million shareholder-funded penalty against Pacific Gas and Electric Company (PG&E) for its connections to the destructive 2021 Dixie wildfire. The proposed penalty, pending CPUC Commissioner's approval, consists of a $2.5 million fine to the California General Fund, $2.5 million payment to tribes impacted by the fire for remediation, and $40 million for capital expenditures to transition records to electronic format. CPUC enforcement staff is recommending this penalty under an Administrative Consent Order (ACO) and Agreement, as per a release on the state regulator's website. Reporting by Anjana Anil and Swati Verma in Bengaluru; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: David Swanson, Anjana Anil, Swati Verma, Miral Organizations: REUTERS, California Public Utilities Commission, Pacific Gas and Electric Company, California General Fund, Thomson Locations: Taylorsville , California, U.S, California, Bengaluru

☆ Inside Sam Bankman-Fried's $35 million crypto frat house in the Bahamas
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +11 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.

Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside

[1/3] The remains of a rocket fired from the Gaza Strip into Israel lies on a road where it fell in Ashkelon, southern Israel, October 10. An Israeli security source said Deif was directly involved in the planning and operational aspects of the attack. Deif said Hamas had urged the international community to put an end to the "crimes of the occupation", but Israel had stepped up its provocation. He also said Hamas had in the past asked Israel for a humanitarian deal to release Palestinian prisoners, but this was rejected. He was arrested by Israel in 1989 and spent about 16 months in detention, a Hamas source said.

Persons: Amir Cohen, Mohammed Deif, Al, Deif, Israel, Hamas's Al, Yehya Sinwar, Israel's, Ayatollah Ali Khamenei, Ali Baraka, we've, Mohammad Masri, William Maclean, David Clarke Organizations: REUTERS, Brigades, Lebanese, Hezbollah, Tehran, Hamas, West Bank, Islamic University, Thomson Locations: Gaza, Israel, Ashkelon, Al Aqsa, DUBAI, Jerusalem's Al Aqsa, Jerusalem, Iran, Tehran, Washington, Khan

☆ A couple spent 6 years renovating a 100-year-old Iowa school into a modern home that's now on sale for $1.7 million — take a look inside
▼ + stars: | 2023-10-10 | by ( Melissa Wells | ) www.businessinsider.com time to read: +1 min

The home, which is on sale for $1.7 million, sits on 3 acres of land in the Iowa countryside. It has floor-to-ceiling windows, a refurbished ballroom, and a workshop in the former gymnasium. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's not replaceable — you can't go to another house and find exposed masonry walls or 16-foot floor-to-ceiling windows," he told Insider. Take a look inside this unique, all-brick luxury residence.

Persons: —, Luke Jensen, Dean, Dianne Jensen Organizations: Service Locations: Iowa, Ames

☆ As Turkey intensifies war on Kurdish militants, Iraqi civilians suffer
▼ + stars: | 2023-10-10 | by ( Lena Masri | Amina Ismail | ) www.reuters.com time to read: +23 min

Seventeen-year-old Samir Saado was finishing his cleaning shift at the village medical centre when an airstrike hit the building. Four members of the PKK-allied Sinjar Resistance Units (YBS), who were guards at the clinic, were killed, local officials said. All five said the medical centre was hit by at least three strikes about three minutes apart. Reuters showed Zwijnenburg the footage of the red crescent symbol on the wall of the medical centre. Across northern Iraq, local people say they are powerless to prevent armed groups setting up in their villages and districts.

Persons: Samir Saado, ” “, “, ACLED, Tayyip Erdogan, Iraq’s, Mustafa al, ”, Tatyana Eatwell, Jonathan Lord, ” Lord, Saeed Hasan, Isa Khoudeda, Turkey’s, wailed, Wim Zwijnenburg, Zwijnenburg, Saado, Yazidis, Saado’s, ” Saado, Schlier Namiq, Tuta Qal, Aram Kakakhan, Kakakhan, Ismail Ibrahim, Namiq, Saddam Hussein, Namiq’s, Ryam Ziad, Ziad Khedr, Hassan Kashmoula, Ryam, Mustafa Anwar, Khedr’s, ‘ neutralised, Nidal Mahmoud, Khedr's, ” Mahmoud Organizations: Turkish, Turkish Defence Ministry, Kurdistan Workers ' Party, European Union, Syrian Democratic Forces, Islamic, Turkey’s Defence Ministry, Reuters, Anadolu, Human Rights, Defence Ministry, Unit, Justice, United Nations Human, NATO, Pentagon, ISIS, ., Coalition, United Nations, Mission, Middle East Security, Center, New, New American Security, Military, Islamic State, Tuta, Iraq’s Kurdistan Regional Government, SDF, ” Reuters, International Crisis Group, Crisis, “ Locations: Iraq’s, Sinjar, Turkish, Saado, Iraq, Syria, Turkey, Kurdistan, Ankara, Northern Iraq, United States, PKK, U.S, Islamic State, Skeiniya, Germany, Turkish Government, Washington, New American, ”, Iran, Istanbul, Gaziantep province, Sabah, Europe, Greece, Iraq’s Sulaimaniya, Kurdish, Tuta, Ibrahim, Chamchamal, Chicago, Mosul, Iranian, Khedr

Homes a tenth the size of Mar-a-Lago on tiny inland lots sell for that in the Town of Palm Beach, a wealthy island enclave. It is also a club, private beach resort, historical artifact and banquet hall with a ballroom that features gold leaf. The much smaller Palm Beach compound once owned by the Kennedy political dynasty sold for $70 million three years ago. SO HOW DID PALM BEACH COUNTY COME UP WITH SUCH A LOW TAX ASSESSMENT? If Mar-a-Lago had a $1 billion assessed value, it’s property tax bill would be approximately $18 million.

Persons: Donald Trump's Mar, Trump, Judge Arthur Engoron, Liza Pulitzer, ”, Pulitzer, Brown Harris Stevens, Rob Thomson, Marjorie Merriweather Post, E.F, Hutton, Richard Nixon, Gerald Ford, Jimmy Carter, Mona Lisa, Renoir, Eli Beracha, Lago, ” Beracha, Thomson, Kennedy, Becky Robinson, Jared Moskowitz, Robinson, Letitia James, James, — Organizations: New, Palm, Trump, Waterfront Properties, Historic Landmark, Post, Mar, Florida, Hollo, Real, U.S . Rep, South, South Florida Democrat, Trump , New York Locations: FORT LAUDERDALE, Fla, York, Florida, Palm Beach, Intracoastal Waterway, Post, Mar, Lago, summering, New Jersey, Trump, South Florida, Trump ,, New York

Yes, according to a Ugandan company that's buying banana stems in a business that turns fiber into attractive handicrafts. TEXFAD also takes material from a third party, Tupande Holdings Ltd., whose trucks deliver banana stems from farmers in central Uganda. Such items are possible because “banana fiber can be softened to the level of cotton,” Okello said. Working with researchers, TEXFAD is now experimenting with possible fabric from banana fiber. While it is now possible to make paper towels and sanitary pads from banana fiber, the company doesn't yet have the technology to make clothing, he said.

Persons: —, mush, John Baptist Okello, David Bangirana, TEXFAD, Muganga, ” Muganga, ” Okello, Faith Kabahuma, ”, ___ Rodney Muhumuza Organizations: Agriculture Organization, Associated Press, Tupande Holdings Ltd, Uganda Bureau, Statistics Locations: MUKONO, Uganda, Ugandan, East, Food, matooke, Sheema, Kampala, TEXFAD, Europe

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