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☆ Klopp praises fired-up Nunez after Liverpool comeback victory
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

The 24-year-old Uruguayan has been out of favour so far this season, but his late brace against the Magpies showcased the best of his qualities and he will get more chances, Klopp told Sky Sports. "Definitely, a striker scores two goals and you can see he gets a smile on his face, and rightly so. But for the team, it was super-important that they got something like that, you need these kinds of things to grow together," Klopp added. Back-to-back single-goal defeats to Manchester City and Liverpool will leave Newcastle playing catch-up in the league, and manager Eddie Howe said it will be a challenge to pick his players up again. The two we lost were lost by the narrowest of margins, and they were against the best two teams in the Premier League," he added.

Persons: Juergen Klopp, Darwin Nunez, Liverpool, Klopp, Virgil van Dijk, Alexander Isak, Luis Diaz, Joe Gomez, Nunez, Eddie Howe, Howe, we've, Philip O'Connor, Toby Davis Organizations: Newcastle United, Magpies, Sky Sports, Liverpool, Reds, Manchester City, Newcastle, Premier League, Thomson Locations: NEWCASTLE, England, Uruguayan, Liverpool

☆ 3 Marines were killed and 20 injured after a US helicopter crashed on a training exercise in northern Australia
▼ + stars: | 2023-08-27 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +1 min

Three marines died when a US military helicopter crashed in northern Australia, reports say. Five others are in a serious condition in hospital after the Boeing MV-22B Osprey crashed. The troops were taking part in Predators Run, a training exercise involving 2,500 personnel. All 20 remaining survivors sustained injuries in the crash, and five are in hospital in a serious condition, the outlets reported. According to a statement seen by the publications, the troops were taking part in a training exercise involving 2,500 personnel from the US, Australia, the Philippines, East Timor and Indonesia.

Organizations: Boeing, Service, US Marines, Guardian, BBC, US Marine Corp Locations: Australia, Wall, Silicon, Philippines, East Timor, Indonesia, Melville, Darwin, Northern

CNN —Three US marines have been killed and others injured after an Osprey aircraft crashed during military exercises in Australia, officials said Sunday. A history of crashesPrevious crashes of Osprey aircraft, according to CNN reporting and US Defense Department press releases:July 20, 1992: Seven people are killed during testing when an Osprey crashes in Virginia. June 13, 2012: An Air Force CV-22 Osprey crashes during a routine training mission north of Navarre, Florida, injuring five. August 5, 2017: An MV-22B Osprey crashes off the coast of Australia, leaving three Marines deadSeptember 28, 2017: A Marine Corps MV-22 Osprey crashes in Syria, injuring two service members. June 8, 2022: Five US Marines die after an MV-22 Osprey crashes during a training mission Wednesday near Glamis, California

Persons: Darwin, “, Natasha Fyles, ” Fyles, Michael Murphy, Bellows Organizations: CNN, Osprey, Royal Darwin Hospital, Marine, Marines, Northern, Marine Osprey, Northern Territory Police, Australian Department of Defence, NATo, Marine Corps, US Defense Department, US Air Force, An Air Force, Corps Locations: Australia, Melville, Darwin, Tiwi, Glamis , California, Norway, Syria, Virginia, Arizona, North Carolina, Afghanistan, Morocco, Navarre , Florida, Oahu, Hawaii, Okinawa, Japan, Glamis, California

☆ U.S. military personnel in Australia air crash, no deaths reported
▼ + stars: | 2023-08-27 | by ( ) www.cnbc.com time to read: +1 min

A V-22 Osprey from Marine Rotational Force Darwin comes into land to conduct a troop insertion as part of Exercise "Talisman Sabre 21" on July 27, 2021 in Townsville, Australia. An aircraft incident involving U.S. military personnel occurred mid-morning on Sunday during an exercise in Australia's Northern Territory, Australia's Defence Ministry said, while a broadcaster said there were no reports of deaths. Sky News Australia reported a v-22 Osprey helicopter with about 20 U.S. Marines on board had crashed off the coast of Darwin. The Australian Broadcasting Corporation (ABC) said multiple military personnel had been rescued from an aircraft crash on the Tiwi Islands, north of Darwin, and that there were no reports of fatalities. "Initial reports suggest the incident involves United States defence personnel and that Australian Defence Force members were not involved," the ministry said in an emailed statement.

Persons: Force Darwin, Anthony Albanese Organizations: Force, U.S, Australia's Defence Ministry, Sky News Australia, Marines, Australian Broadcasting Corporation, ABC, Northern Territory Police, Australian Defence Force Locations: Townsville, Australia, Northern Territory, Darwin, Melville, States

☆ 'Tragic' crash injures 23 US Marines in Australia exercises
▼ + stars: | 2023-08-27 | by ( Samuel Mckeith | ) www.reuters.com time to read: +2 min

SYDNEY, Aug 27 (Reuters) - Twenty-three U.S. Marines were injured during military exercises in northern Australia on Sunday, officials said, in a helicopter crash that Prime Minister Anthony Albanese called "tragic". One marine was being operated on at Royal Darwin hospital and four others were at the hospital, said Northern Territory Chief Minister Natasha Fyles. Some people are critically injured," Fyles told the news conference, adding there was a "wide range" of injuries. Australian personnel were not involved in the crash that occurred during Exercise Predator's Run 2023, Albanese said. Four Australian soldiers were killed last month during large bilateral exercises when their helicopter crashed into the ocean off the coast of Queensland.

Persons: Anthony Albanese, Michael Murphy, Murphy, Natasha Fyles, Fyles, Albanese, Sam McKeith, William Mallard Organizations: SYDNEY, Marines, Northern Territory Police, Australian Defence Force, U.S . Marines, Royal Darwin, The U.S . Defense, Thomson Locations: Australia, Darwin, Northern, Western Australia, The, U.S, China, Queensland, Sydney, Bengaluru

☆ Instead of calling the cops, a business owner offered a job to the teenager who tried to break into his store
▼ + stars: | 2023-08-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A business owner said on social media that someone tried to break into his premises. Instead of calling the police, Jeff Usher said he wanted to offer "a better way" to the culprit. "It's not that cool to use a jimmy bar on our doors," the Custom Cabinets Katherine owner said. Usher told the NT News his business employs two apprentices, four tradespeople and an office manager. "I'm not trying to save the world – I just reckon some of these kids need to be built up, not a kicking," Usher told the newspaper.

Persons: Jeff Usher, Katherine, Usher, I'm Organizations: Service, Facebook, ABC News Australia, Northern Territory, NT Locations: Wall, Silicon, Australian, Australia's Northern Territory, Northern, Darwin

☆ TikToker who took his 140-pound Great Dane on an American Airlines flight says he's been the target of online harassment and 'bullying'
▼ + stars: | 2023-08-19 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Gabriel Bogner took his Great Dane pet on a flight from LA to New York. Bogner said he's received an online backlash since posting a TikTok of the flight. A man who took his 140-pound Great Dane on a flight from Los Angeles to New York said he's faced a torrent of online backlash and harassment since he posted a TikTok showing the trip. In the video, Bogner gives a rundown of his relationship with Darwin to try and address some of the comments he's received. It says dogs that only "provide comfort or emotional support do not qualify as service animals under the ADA."

Persons: Gabriel Bogner, Great Dane, Darwin, Bogner, he's, Dane, I've, Bogner's Organizations: Morning, American Airlines, South West News Service, New York Locations: LA, New York, Los Angeles

☆ A team of engineers turned a Toyota Land Cruiser into an EV and drove it underwater for 4 miles
▼ + stars: | 2023-08-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

A group of Australian engineers drove a Toyota Land Cruiser underwater for 4 miles last month. A team of engineers and divers in Australia converted a Toyota Land Cruiser into an EV and drove it underwater for more than four miles. The 1978 model was driven for 4.3 miles across Darwin Harbor at a depth of about 100 feet last month. A team of 30 divers was needed to get the Land Cruiser across the bottom of Darwin harbor. Bridgitt PhillipsThe volunteers bought the orange Land Cruiser for just over $3,000 in Brisbane.

Persons: Glen Summers, Maddy Stenmark Summers, Summers, Bridgitt Phillips, Maddy Stenmark Organizations: Toyota Land Cruiser, Toyota, Cruiser Locations: Australia, Darwin, Northern, Brisbane

☆ Global conservation mission sets sail from UK in Darwin's wake
▼ + stars: | 2023-08-15 | by ( Ben Makori | ) www.reuters.com time to read: +2 min

[1/5] A general view of the ship 'Oosterschelde', launched by the planetary conservation mission DARWIN200, which is to set sail on August 15, in Plymouth, Britain August 11, 2023. The group will set sail on board a 105-year-old schooner on Tuesday from the southern English port of Plymouth, from where British naturalist Darwin's own expedition began in 1831, leading him to develop the theory of evolution by natural selection. The 40,000 nautical mile "Darwin200" expedition hopes to anchor in 32 ports, including all the major ports visited by Darwin's HMS Beagle. Throughout the journey, 200 selected young environmentalists will temporarily join the ship to be trained on conservation efforts. Patrons of the project include Darwin's great-great-granddaughter - the botanist Sarah Darwin - and British primatologist Jane Goodall.

Persons: Charles Darwin's, Darwin's, Stewart McPherson, McPherson, Sarah Darwin, Jane Goodall, Goodall, Sachin Ravikumar, William James, Nick Macfie Organizations: REUTERS, Thomson Locations: Plymouth, Britain, Handout

☆ An American Airlines passenger paid for 3 seats to fly with his beloved Great Dane dog from LA to New York
▼ + stars: | 2023-08-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +2 min

Gabriel Bogner, a startup founder, took his pet Great Dane on a flight from LA to New York. He said passengers were "gobsmacked" at the sight of Darwin on the flight, per The New York Post. A startup founder surprised passengers when he boarded an American Airlines flight from Los Angeles to New York with his Great Dane dog, the New York Post reported. Gabriel Bogner paid for a row of seats on the flight for himself and his dog, Darwin, the outlet reported. He took the 140-pound Great Dane on the flight when he moved from LA to Brooklyn after he said she was deemed too big to fit into the airline's cargo crate, per the outlet.

Persons: Gabriel Bogner, Great Dane, Dane, that's, Darwin, I've, Bogner, they'd Organizations: New York, American Airlines, New York Post, South West News Service, Post Locations: LA, New York, Darwin, Los Angeles, Brooklyn

☆ Opinion | Will ‘Future You’ Thank ‘Today You’ for Getting Married?
▼ + stars: | 2023-08-09 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Darwin made lists of “marry” and “not marry” scenarios, precisely as one would expect from a great scientist. At the bottom of the page is scrawled, “Marry — Marry — Marry Q.E.D.” Which is Latin for “that which was to be demonstrated,” as if he had demonstrated anything except his own susceptibility to love. Future married you will probably be happy, but he or she is a different person. That said, most married people are thankful to their past single selves for deciding to wed. (I certainly am.) On average, though, I think children grow up best in intact, two-parent households, and married parents are more likely to stay together than cohabiting unmarried ones.

Persons: Paul, Jordan Ellenberg, Russ Roberts, ” Roberts, Charles Darwin, Darwin, “, ”, Andrew Oswald, don’t, they’re, Ezra Klein Organizations: University of Wisconsin, University of Warwick, Research Locations: Britain, United States

After six seasons in the Champions League, where Klopp's side reached the final three times and won the trophy in 2019, Liverpool now find themselves back in the Europa League. Premier League clubs sacked 14 managers last season but Klopp, currently the longest-serving coach at a single club in England's top flight, was never in danger of losing his job. Liverpool did not inject fresh blood into an ageing midfield while injuries in the forward line scuppered a title challenge. This year Saudi Arabian clubs have forced Liverpool's hand, with the cash-rich league tearing up the Anfield club's transition plans by luring away their two midfield stalwarts. Returning to the Champions League will be their first priority, which is why a top four finish -- or even winning the Europa League -- will be the bare minimum that is expected of Liverpool.

Persons: Klopp, Jordan Henderson, James Milner, Naby Keita, Alex Oxlade, Chamberlain, It's, Alexis Mac Allister, Dominik Szoboszlai, Szoboszlai, Fabio Carvalho, Romeo Lavia, Thiago, Curtis Jones, Harvey Elliott, Trent Alexander, Arnold, Diogo Jota, Luis Diaz, Darwin Nunez, Mohamed Salah, Cody Gakpo, Rohith Nair, Pritha Sarkar Organizations: Liverpool, Premier League's, Champions League, Europa League, Premier League, Anfield, Saudi Pro League, RB Leipzig, Thomson Locations: Liverpool, England's, Saudi, Saudi Arabia, Bengaluru

REUTERS/David GrayLONDON, Aug 3 (Reuters) - Rio Tinto (RIO.L) is finding out just how hard it is to produce low-carbon aluminium. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. The pilot plant will produce around 6,000 metric tons of alumina per year while cutting carbon dioxide emissions by about 3,000 metric tons per year. Capacity at the low-carbon AP60 smelter, also in Quebec, will be expanded by 160,000 metric tons per year, with commissioning expected in 2026. Rio is investing heavily in recycled aluminium, which can be remelted using just 5% of the power needed to produce virgin metal.

Persons: David Gray, Rio, we're, Jakob Stausholm, Peter Cunningham, Jan Harvey Organizations: Rio Tinto, REUTERS, David Gray LONDON, Queensland Aluminium, Japan's Sumitomo Corp, International Aluminium Institute, Alcoa, Giampaolo, Reuters, Thomson Locations: Rio, Gove, Darwin, Australia's Northern, Pacific, Queensland, Australia, Portland, U.S, Canada, Quebec, North

☆ Australia says it is 'confident' on US nuclear submarines as ministers meet
▼ + stars: | 2023-07-28 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, July 28 (Reuters) - Australia's Prime Minister Anthony Albanese said he was confident a deal for the U.S. to sell nuclear powered submarines to Australia was on track, ahead of talks between defence and foreign ministers of the two countries on Friday. Twenty-five U.S. Republican lawmakers told President Joe Biden on Thursday the plan to sell three attack submarines to Australia under the so-called AUKUS partnership would "unacceptably weaken" the U.S. fleet without a clear plan to replace them. The United States, Britain and Australia announced the three-way AUKUS defence agreement in 2021 under which Australia is to obtain nuclear submarine technology from the United States. The U.S. is Australia's major security ally and announced with Britain in March that the United States would sell Australia three U.S. Virginia class nuclear powered submarines in the early 2030s, before Britain and Australia produce a new submarine class - SSN-AUKUS - the following decade. "Now's the time to be working closely with friends, and Australia has no better friend than the United States of America," Marles said at the start of a meeting with his U.S. counterpart.

Persons: Anthony Albanese, Joe Biden, Antony Blinken, Lloyd Austin, Albanese, Richard Marles, Austin, Marles, Kirsty Needham, Alasdair Pal, Praveen Menon Organizations: SYDNEY, Australia's, Republican, U.S, Defence, ., Democrats, NATO, Britain, Australian Defence, Sky, U.S ., Marines, Thomson Locations: Australia, Queensland, United States, Britain, Lithuania, U.S, . Virginia, CHINA, East, South, Japan, United States of America, Darwin, Sydney, Lincoln

☆ CTE: Heather Anderson, first professional female athlete to be diagnosed with degenerative brain disease
▼ + stars: | 2023-07-04 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

CTE is a neurodegenerative disease that can occur after repeated traumatic brain injuries or hits to the head, with or without a concussion, and to date it has only been diagnosed in professional male athletes. In Australia, lawyers representing dozens of former professional AFL players have filed a class action suit against the Australian Football League (AFL), seeking compensation for injuries caused by alleged negligence. The AFL has acknowledged a link between head trauma and CTE and says it’s committed to mitigating the risks. The AFL Player’s Association, which represents the athletes, is pushing for greater support for current and former players, many of whom are living with the impact of successive brain injuries. Buckland said what’s most needed is a shift in attitudes, so that it’s no longer encouraged or even acceptable to expose children to activities where repeated head injuries are part of the game.

Persons: Heather Anderson, “, ”, neuropathologist Michael Buckland, …, Buckland, Anderson, CTE, James Elsby, It’s, it’s, what’s Organizations: Australia CNN — Scientists, Australian Football League, Sports Brain Bank, University of Sydney, AFL, league –, AFL Club, Adelaide Crows, Australian Defence Force, Australian Sports Brain Bank, US Centers for Disease Control, Boston, NFL, AFL Player’s Association, Boys ’ Locations: Brisbane, Australia, Darwin, United States

☆ First debt swap Galapagos projects could be approved next year, minister says
▼ + stars: | 2023-06-30 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, June 30 (Reuters) - Conservation projects in the Galapagos Islands funded by so-called blue bonds will be approved from next year by an independent body, Ecuador's Environment Minister Jose Davalos said. The independent non-profit Galapagos Life Fund (GLF) will manage the funds, Davalos told Reuters on Thursday. "Next year the GLF could begin to receive projects, rate them and assign the first funds to finance them," Davalos said. "This is a private fund that will administer money that is given or donated for the conservation of the Galapagos." The fund could finance projects in fishing, tourism, environmental education and the management of the Galapagos ocean reserve, which was expanded last year.

Persons: Jose Davalos, Davalos, Charles Darwin's, Guillermo Lasso, Alexandra Valencia, Julia Symmes Cobb, Elaine Hardcastle Organizations: Life, Reuters, Resources, Thomson Locations: QUITO

☆ The prime minister of New Zealand flies in a 30-year-old plane and prepared a spare plane for his trip to China in case the old one breaks down
▼ + stars: | 2023-06-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

New Zealand's Prime Minister Chris Hipkins has readied a spare aircraft for an official visit to China — just in case the 30-year-old plane he's traveling in breaks down. Hipkins traveled to Beijing on Sunday in a Royal New Zealand Air Force Boeing 757 with a business and trade delegation, as well as media. A New Zealand Air Force plane sits on the tarmac at Auckland Airport on May 21, 2023, preparing to take New Zealand Prime Minister Chris Hipkins to Papua New Guinea. The prime minister's spokesperson said using the air force plane is "far cheaper" than a commercial charter. In August, Defense Minister Peeni Henare and a 30-person delegation got stuck in the Solomon Islands after their plane broke down.

Persons: Chris Hipkins, Hipkins, China —, Nick Perry, David Seymour, Jacinda Ardern, Peeni Henare, John Key Organizations: Morning, Zealand's, Royal New Zealand Air Force Boeing, Air Force, New Zealand Air Force, Auckland Airport, New Zealand, Associated, ACT, Boeing Locations: China, Beijing, Royal, Manila, Philippines, Darwin, Australia, Shanghai, Papua New Guinea, Zealand, Antarctica, Solomon Islands, India

☆ Prestigious Rose Breeder Names Its New Bloom for a Black Gardener
▼ + stars: | 2023-06-17 | by ( Remy Tumin | ) www.nytimes.com time to read: +1 min

For more than 60 years, David Austin Roses has bred the world’s most prestigious blooms. They are the Air Jordans, the Birkin bags, the Steinway pianos of roses, and have become what we know, smell and delight in as the modern English rose. And every year for more than 60 years, David Austin Roses has named one or two new varieties after historical British figures, including Queen Elizabeth II, Emily Brontë, Roald Dahl and Charles Darwin. At the Chelsea Flower Show in London last month, David Austin Roses introduced the Dannahue, an apricot-colored English shrub rose named after Danny Clarke, a gardener known to his social media followers and to television viewers in Britain as the Black Gardener. The shrub is available only in Britain for now but will be sold to American gardeners next year.

Persons: David Austin, Birkin, Queen Elizabeth II, Emily Brontë, Roald Dahl, Charles Darwin, David Austin Roses, Danny Clarke, Clarke, ” Organizations: Chelsea Locations: London, Britain

☆ Natural evolution: Record Galapagos deal sparks clamour for eco-friendly debt swaps
▼ + stars: | 2023-06-09 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The growing appetite comes as record numbers of developing world governments face debt pressures due to higher global interest rates. There have been around 140 over the past 35 years, but even including last month's super-sized Galapagos deal they have only involved around $5 billion of debt altogether. The top-level attendees will be urged to do more, not only debt swaps, but also by providing foreign exchange guarantees and automatic debt-payment breaks for countries hit by climate-related disasters. "Seeing something that has a group of countries involved would be amazing," Issa said. Ecuador says it is eyeing another transaction to capitalise on the halo effect from the Galapagos deal.

Persons: Ramzi Issa, Charles Darwin's, Issa, Ilan Goldfajn, Scott Nathan, Nathan, Emmanuel Macron, Mia Mottley, Suisse's Issa, Simon Jessop, Sharon Singleton Organizations: Ecuador, Credit Suisse, Inter, American Development Bank, U.S . International Development Finance Corporation, Reuters Graphics, Thomson Locations: Ecuador, Belize, Barbados, Gabon, Paris, Sri Lanka, Indian, Colombia, Costa Rica, Panama, Kenya, Mozambique, Tanzania, Seychelles

☆ Molecular fossils open window on 'lost world' of primordial life
▼ + stars: | 2023-06-07 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The researchers discovered that the molecular fossils indicating the presence of these primitive eukaryotes were commonplace in rocks spanning from about 1.6 billion years ago to 800 million years ago. "It is a lost world in the sense that we had not been able to see or detect them - although there was an entire world of them. It is a lost world also because these forms are now entirely extinct, Brocks added. The oldest of the rocks bearing these fossils were unearthed in the remote Outback of northern Australia, near Darwin. Scientists long were puzzled about the seeming absence of molecular fossils from this time span indicative of primitive eukaryotes.

Persons: Jochen Brocks, geobiologist Jochen Brocks, Benjamin Nettersheim, Brocks, sapiens, Konrad Block, Will Dunham, Rosalba O'Brien Organizations: Australian National University, Handout, REUTERS, University of Bremen, Thomson Locations: Creek, Northern Australia, REUTERS WASHINGTON, Canberra, Germany, Australia, Darwin

☆ Peter Grant Has Documented Evolution in Action
▼ + stars: | 2023-06-03 | by ( Emily Bobrow | ) www.wsj.com time to read: 1 min

Around two million years ago, a group of birds from South America flew 600 miles west to make their home on the Galápagos Islands. They belonged to a single species, but by the time Charles Darwin arrived in the Galápagos in the 1830s he found nearly 10 different species, with beaks of various shapes and sizes. He deduced that the birds, now known as Darwin’s finches, developed these differences to keep from competing for the same food: pointy beaks were better for catching insects, broad beaks were handy for cracking seeds.

Persons: Charles Darwin Organizations: South America Locations: South, Galápagos

☆ Firmino scores late goal to keep Liverpool's slim Champions League hopes alive
▼ + stars: | 2023-05-20 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

Juergen Klopp's side are fifth with 66 points with one game remaining, but three points adrift of fourth-place Manchester United who have a game in hand. The home side dominated a frenzied final few minutes as chants of "Si Senor" rang out in the stadium. Liverpool's hopes of qualifying for next season's Champions League appear all but over. Liverpool were missing Darwin Nunez due to a toe injury, while Aston Villa were without injured Philippe Coutinho. Gakpo pulled up his shirt to show the referee the mark, but after a VAR review, Mings was shown a yellow card.

☆ ‘Succession’ Season 4, Episode 8 Recap: The Will of Some People
▼ + stars: | 2023-05-14 | by ( Noel Murray | ) www.nytimes.com time to read: +3 min

Here, he listens to Shiv’s argument that ATN could slow the Mencken momentum. The first is that Kendall really wants the next president to kill the GoJo deal, which Roman insists Mencken will do. So Kendall asks Shiv to take one more shot at persuading her ex-lover Nate to get Jimenez to make that same promise. This sets up the second impediment: when Kendall call Nate to iterate more clearly what Shiv claims to have said. ATN really is about to help elevate an authoritarian to America’s most powerful public office because one spoiled brother is in a snit.

☆ Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash
▼ + stars: | 2023-05-09 | by ( Catrin Einhorn | ) www.nytimes.com time to read: 1 min

The NewsEcuador announced a record-setting deal on Tuesday designed to reduce its debt burden and free up hundreds of millions of dollars to fund marine conservation around the Galápagos Islands, an archipelago of unique biodiversity that’s famous for inspiring Darwin’s theory of evolution. The arrangement, known as a debt-for-nature deal, is a bit like refinancing a mortgage, only for government bonds. Gustavo Manrique Miranda, the Ecuadorean foreign minister, called it a historic agreement that takes into account the value of nature. He said Ecuador was as wealthy as any of the richest countries in the world, “but our currency is the biodiversity.”

LONDON, May 9 (Reuters) - Ecuador sealed the world's largest "debt-for-nature" swap on record on Tuesday, selling a new "blue bond" that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world's most precious ecosystems. Tuesday's $656 million "Galapagos Bond," as it has been dubbed, will run until 2041 and gave investors that bought it a 5.645% "coupon" or interest rate, its bankers said. Ecuador sovereign bonds currently yield from 17% to 26%, but the new bond has an $85 million 'credit guarantee' from the Inter-American Development Bank and $656 million of political risk insurance from the U.S. International Development Finance Corp (DFC), effectively making it less risky. The driver has been the remote Galapagos Islands, some 600 miles (970 km) off Ecuador's mainland coast, that inspired Charles Darwin's Theory of Evolution. Scott Nathan, the chief executive of DFC, said people needed to "stay tuned" for similar deals in other countries and the Galapagos deal had been a long time coming.

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