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☆ Weakening storm Lee bears down on New England and Canada with still-dangerous winds, heavy rains
▼ + stars: | 2023-09-16 | by ( ) www.cnbc.com time to read: +2 min

Storm Lee toppled trees and cut power to tens of thousands Saturday as it began lashing New England and eastern Canada, threatening hurricane-force winds, dangerous surf and torrential rains as its center spun closer. Severe conditions were predicted across parts of Massachusetts and Maine, and hurricane conditions could hit the Canadian provinces of New Brunswick and Nova Scotia. In Maine, the nation's most heavily forested state, the ground was saturated and trees were already weakened by heavy summer rains. A tropical storm warning stretched from the New Hampshire-Maine border through Nova Scotia and Prince Edward Island to northern New Brunswick. Utilities reported nearly 200,000 customers without power from Maine to New Brunswick and Nova Scotia.

Persons: Storm Lee, Todd Foisy, Foisy, Joe Biden, Prince Edward Island Organizations: U.S ., Atlantic Canada, National Weather Service, U.S, National Hurricane Center, Utilities, Halifax Stanfield International Locations: England, Canada, Massachusetts, Maine, New Brunswick, Nova Scotia, U.S, Eastport , Maine, Halifax, Nova, Scotia, New Hampshire, Prince, Nova Scotia's

☆ Hurricane Lee churns toward New England, eastern Canada
▼ + stars: | 2023-09-15 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

Sept 14 (Reuters) - Hurricane Lee barreled across the North Atlantic toward New England and Eastern Canada on Friday, threatening to bring drenching rains, powerful winds and a life-threatening storm surge to the region over the weekend. Lee is expected to weaken into a strong tropical storm before making landfall in southwestern Nova Scotia as a strong tropical storm late on Saturday, the Canadian Hurricane Center said. In Canada, more than 1 million people in Nova Scotia and eastern New Brunswick were also under a tropical storm warning as the massive storm crawls northward over the open waters of the Atlantic. Some spots, such as Cape Cod in Massachusetts and eastern Halifax County in Nova Scotia may see storm surge of up to 3 feet (91 cm), forecasters said. Lee is the latest storm in what is proving to be a busy hurricane season that has featured a higher-than-average number of named storms.

Persons: Lee, Michelle Wu, Hurricane Idalia, Idalia, Brendan O'Brien, Mark Porter Organizations: Canadian Hurricane Center, U.S, Boston, U.S . National Weather Service, NWS, Facebook, Hurricane, Thomson Locations: New England, Eastern Canada, Nova Scotia, Connecticut , Rhode Island , Massachusetts, New Hampshire, Maine, Canada, New Brunswick, Cape Cod, Massachusetts, Halifax County, Nantucket, Florida, Georgia, Chicago

TORONTO (AP) — Three generations of a Ukrainian family sit in a van in the documentary “In the Rearview.” They stare straightforward, staggered by all they’ve left behind. “I come from an aristocratic family,” one woman says in the film. The biggest battleground isn’t just a war zone but the home. In recent years, Canada has reckoned with its past treatment of Indigenous people, including heinous sterilization programs and forced-schooling systems. “Coming to New Zealand, being Māori, we don’t see enough of ourselves on screen,” Waititi said.

Persons: ”, “, Maciek Hamela’s van, Um Tae, Lee Byung, Ly’s, ” Ly, Oscar, Les, Alexis Manenti, Cameron Bailey, Waititi, ” Waititi, ” Hollywood’s, ” Andrew Haigh’s “, —, Cord, Jeffrey Wright, Hayao, Miyazaki, Alexander Payne’s “, Paul Giamatti, Da’Vine Joy Randolph, Dominic Sessa —, Agnieszka Holland’s “, Raoul Peck’s “, James Baldwin, –, Melvin, Peck, William Tecumseh Sherman, Garrison Frazier, Jonathan Glazer, Rudolf Höss, Christian Friedel, Hedwig, Sandra Hüller, Glazer, Nikolaj Arcel’s “, Mads Mikkelsen, Jonathan Demme’s, David Byrne, Jake Coyle Organizations: TORONTO, Toronto, America Samoa soccer team, “, Twitter Locations: Ukraine, Seoul, South Korea, Paris, Batiment, France, Canada, America, New Zealand, ” Toronto, Venice, New England, Belarus, Poland, Haitian, North Carolina, Georgia, Auschwitz, Denmark, Jutland Heath

REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsTAIPEI, Sept 13 (Reuters) - Taiwan's defence ministry said it spotted 28 Chinese air force planes in its air defence zone on Wednesday morning, part of what Taipei calls regular harassment by Beijing amid heightened tensions across the Taiwan Strait. Taiwan's defence ministry said that beginning at around 6 a.m. (2200 GMT Tuesday), Chinese warplanes, including J-10 fighters, had flown into the southwestern corner of the island's air defence identification zone, or ADIZ. China's defence ministry did not immediately respond to a request for comment. Taiwan's forces monitored the situation, including sending up its own air force planes and activating air defence systems, the ministry added, using the normal phrasing for its response to such Chinese incursions. A Chinese naval formation led by the Shandong entered the western Pacific for training, Taiwan's defence ministry said on Monday.

Persons: Dado Ruvic, Yimou Lee, Ben Blanchard, Christopher Cushing, Christian Schmollinger, Michael Perry, Mark Heinrich Our Organizations: REUTERS, Rights, Taipei, Self, Defense Force, Pacific, Reuters, U.S . Navy, U.S, Beijing, Thomson Locations: Rights TAIPEI, Beijing, Taiwan Strait, Taiwan, China, Shandong, Pacific, Miyako, Japan, Miyako Strait, United States, Philippines, Borneo, U.S, Canadian, India, South China, Tokyo

South Dakota regulators on Monday rejected a permit application for a proposed carbon dioxide pipeline through the state, dealing a fresh setback to the company behind the multistate project after North Dakota refused a siting permit for another leg there. The decision complicates an already complex process for Summit Carbon Solutions as it seeks similar authorization in other states amid opposition from landowners and environmental groups. Political Cartoons View All 1152 ImagesThe South Dakota panel's vote came on a motion made Friday by commission staff. They said Summit's proposed route would violate county ordinances involving setback distances. North Dakota regulators last month denied Summit a siting permit for its 320-mile (515-kilometer) proposed route through the state.

Persons: Summit, Summit's, Kristen Edwards, Brett Koenecke, Gary Hanson, ” Hanson, Lee Blank, Koenecke, Brian Jorde, ” Organizations: North Dakota, South Dakota Public Utilities Commission, Carbon Solutions, ”, Summit, Iowa Utilities Board, Public Service Commission Locations: Dakota, North, Iowa , Minnesota , Nebraska, North Dakota, South Dakota, ”, Omaha, . Minnesota, Minnesota, Fergus Falls

☆ A look inside Jackie Kennedy Onassis' luxurious homes, from sprawling estates to full-floor apartments
▼ + stars: | 2023-09-08 | by ( James Pasley | ) www.businessinsider.com time to read: 1 min

Before she was a Kennedy or an Onassis, Jacqueline Lee Bouvier spent her early years in New York City. The apartment building at 740 Park Avenue. Stan Honda/AFP/Getty ImagesIn 1932, the Bouviers moved into an apartment on the sixth and seventh floors of 740 Park Avenue. The apartment building later became a home for billionaires and was once considered one of the most iconic apartment buildings in the city. In 2017, her old apartment sold for $25.25 million.

Persons: Kennedy, Jacqueline Lee Bouvier, Stan Honda, James T, Lee, wasn't, Jackie Organizations: Getty Locations: New York City, AFP

☆ Factbox: Hurricane Lee intensifies into major storm, roars toward Caribbean
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

A composite image shows Hurricane Lee churning towards the Caribbean after intensifying into a major storm, September 8, 2023. How powerful is Hurricane Lee? Lee is packing maximum sustained winds of 165 miles (265 km) per hour, making it a Category 5 hurricane on the five-step Saffir-Simpson Hurricane Wind Scale, which is based on a storm's sustained wind speed. If Hurricane Lee makes landfall as a Category 5, it could cause catastrophic damage and destroy a high percentage of framed homes. Lee adds to a busy hurricane season that has thus far set a pace above average on several measures, including named storms, named storm days and major hurricane days, Colorado State University meteorologist Philip Klotzbach said.

Persons: Lee, Handout, Philip Klotzbach, Brendan O'Brien, Angus MacSwan Organizations: Oceanic, Atmospheric Administration, Handout REUTERS, Simpson, National Weather Service, Northern, U.S . East, National Hurricane Center, Colorado State University, Thomson Locations: Caribbean, Northern Leeward, Leeward Islands, Virginia Islands, Puerto Rico, U.S . East Coast, Canada, Bermuda, Chicago

☆ Top advisors says people are worried, but they don't need to make major changes to their portfolio
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop advisors says people are worried, but they don't need to make major changes to their portfolioLee Baker of Apex Financial and Eric Beiley of Steward Partners discuss what may drive the markets in the final few months of the year in this new higher rate environment.

Persons: Lee Baker, Eric Beiley Organizations: Apex Financial, Steward Partners

☆ Florida: Category 3 Hurricane Idalia threatens to hit state as an even stronger storm Wednesday, and conditions are already deteriorating
▼ + stars: | 2023-08-30 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +7 min

It could be the first major hurricane at Category 3 or stronger to hit the Big Bend region. ET, with sustained winds 120 mph winds that are projected to grow stronger as it approaches the state, the hurricane center said. Tampa, well south of the projected landfall area, was also bracing for Idalia’s wrath and seeing storm surge beginning to flood streets Tuesday. • Much of Florida under state of emergency: DeSantis has issued an emergency declaration to 49 of 67 Florida counties. “Idalia is likely to still be a hurricane while moving across southern Georgia, and possibly when it reaches the coast of Georgia or southern South Carolina on Wednesday,” the hurricane center said Tuesday evening.

Persons: Idalia, “, Ron DeSantis, DeSantis, ” DeSantis, ” Perry, Lee Bercaw, ” Bercaw, Jamie Rhome, Mayor Heath Davis, Levy, •, Florida won’t, “ Idalia Organizations: CNN, National Guard, National Hurricane Center, Fort Myers, National Weather Service, Florida, Florida Gov, Big, National Oceanic, Atmospheric Administration, Tampa Police, Mayor, Florida Gulf, • Travel, Tampa International Airport, Pete, Clearwater International, •, Guard, Pasadena Hospital, HCA, HCA Florida Trinity West Hospital, HCA Florida West Tampa Hospital, Tampa General Hospital, Florida Department of Corrections, Carolinas, North Carolina Locations: Florida’s, Big Bend, Bend, Cedar Key , Florida, Madeira Beach, Fort, Fort Myers Beach, Tallahassee, Apalachee, Panhandle, Taylor, Florida, Idalia’s, Perry, Tampa, Florida Gulf Coast, Alachua, Baker, Citrus, Dixie, Franklin, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Jefferson, Lafayette, Leon, Madison , Manatee, Marion, Nassau, Pasco , Pinellas, Putnam, Sarasota, Suwannee, Sumter, Union, Volusia, Wakulla, HCA Florida, Georgia, South Carolina, North, North Carolina

Ian killed 75 people in Lee County, nearly half of the statewide death toll of 149, officials said. At that point, the National Hurricane Center flagged the possibility of a storm surge covering much of Cape Coral and Fort Myers. Parts of Fort Myers Beach had a 40 percent chance of a six-foot-high storm surge, according to the surge forecasts. In Lee County officials said they were waiting to make an assessment the next morning. Officials expanded their evacuation order later in the morning, and by the middle of the afternoon, Lee County officials were more urgent in their recommendation.

Persons: Ian, Lee County, Ron DeSantis, Lee, Fort Myers, ” Organizations: National Hurricane Service, National Hurricane Center, Fort Myers, Facebook Locations: Florida, Tampa, Fort Myers, Lee County, Fort Myers Beach, Sanibel, State, Coral, Fort, Cape Coral, Neighboring Pinellas, Hillsborough, Manatee, Charlotte, Sarasota County, Lee

☆ A toast to 'Living Single' as it turns 30
▼ + stars: | 2023-08-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

Something to sip on…Kim Fields in a scene from "Living Single." Rather than rehash the fact that “Living Single” was “Friends” before “Friends” ever existed, lets applaud it for the glow-up and grow-up it showcased in Kim Fields. That’s why I have no problems jamming along to the new series “Dance with Qai Qai,” now running on YouTube. “It has been amazing to see how Qai Qai has captured the hearts of so many young fans so we’re thrilled to introduce them to ‘Dance with Qai Qai!,’” Williams said in a statement. We can’t wait for other families to get to watch—and dance—together!”It’s been wild watching Qai Qai go from one child’s beloved doll to a full-fledged star.

Persons: Kim Fields, Warner, Everett “, Kim, Fields, Butterworth, Queen Latifah, Kim Coles, John Henton, Terrence C, Carson, Erika Alexander, Yvette Lee Bowser, Eunetta Boone, Coles, “, JOY, ”, Serena Williams, Olympia, Qai, Alexis Ohanian, Qai Qai, Alexis Ohanian’s, ’ ” Williams, Williams, Tim McGraw, ” I’m, Taylor Swift, … Sunny Sandler, Stacy Friedman, Samantha Lorraine, Lydia Rodriguez Katz, Sadie Sandler, Ronnie Friedman, Zaara, Idina Menzel, Bree Friedman, Adam Sandler, Danny Friedman, Adam Sandler’s, Sunny, Jackie Sandler, Fiona Rosenbloom’s, Sandler Organizations: CNN, Warner Brothers, Atlanta, LOVE, YouTube, Smokeout, Netflix Locations: Kim Fields, New York City, Windy, Chicago , Illinois

☆ Lionel Messi lifts MLS to new heights, but the league needs more than 'the GOAT' to grow
▼ + stars: | 2023-08-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Marco Bello | ReutersSince joining, Inter Miami rose to the highest-selling MLS team for tickets from the 13th spot on StubHub. The average ticket price for Inter Miami on StubHub is $161, nearly 64% higher than the league average. The overall average MLS ticket price is up to $98, while the average ticket price for the Leagues Cup overall was $152. Yes, what we're seeing in pricing for the MLS for Messi games is unprecedented. "Those average ticket prices were still three times what we're seeing for Messi games so far this year," Budelli said.

Persons: Lionel Messi, Logan Riely, Messi, it's, Camilo Durana, Lee Berke, David Beckham, Wayne Rooney, Thierry Henry, Neymar, Cristiano Ronaldo, Karim Benzema, Germain, –, Leo Messi, Marco Bello, he's, Durana, Marc de Grandpré, that's, Adam Budelli, Tom Brady –, StubHub, Lebron James, Budelli, Berke, Tom Brady, Adam Glanzman Organizations: FC Dallas, Toyota, Major League Soccer's Inter Miami CF, MLS, NFL, NBA, Public Investment Fund, French, Paris Saint, FC Barcelona, Inter Miami, Reuters, Messi, Apple, North, Liga MX, U.S, Leagues, Saturday, Red Bulls, New York Red Bulls, NFL Sunday, Tampa Bay, Disney, ESPN, ABC, Tampa Bay Buccaneers, New England Patriots, Gillette, Getty Locations: Frisco , Texas, U.S, Saudi Arabia, Argentine, Fort Lauderdale , Florida, Harrison , New Jersey, Manhattan, StubHub, Foxborough , Massachusetts

In this article SBGINXSTGTNSSP Follow your favorite stocks CREATE FREE ACCOUNTChristian Petersen | Getty Images Sport | Getty ImagesTensions are building among broadcast station owners and pay TV providers as the local rights to air NBA, NHL and MLB games go up for grabs. Pay-TV providers are also exploring alternatives to keep local games in the bundle. The NBA's Phoenix Suns and Utah Jazz recently reached deals to be be aired on local broadcast networks run by Gray and Sinclair, respectively. "The reality is that the issue people keep talking about is the rights fees. But the rights fees aren't necessarily the question," said Berke.

Persons: Christian Petersen, Sinclair, Diamond, Bill Morrow, RSNs, George Kubas, Lee Berke, There's, Gray, Brian Lawlor, Lawlor, Jeff Speer, —, Ion, Berke, David Peralta, Kole Calhoun, Starling Marte Organizations: Getty, NBA, NHL, MLB, Scripps Co, Gray Television, Nexstar Media Group, Diamond Sports Group, Warner Bros, Broadcasters, Comcast, Charter, DirecTV, Gray, Nexstar, Communications, Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Diamond, Phoenix Suns, Utah Jazz, Clipper, Las Vegas Golden Knights, NHL Stanley, Scripps, Scripps Sports, Knights, Warnes Bros, Vegas Golden Knights, Florida Panthers, Mobile, — ABC, NBC, CBS, Fox, CW Network, Nexstar's CW Network, ACC, Nascar, Suns, Arizona Diamondbacks, Oakland Athletics, Chase Field, The Diamondbacks Locations: Cleveland, Los Angeles, Las Vegas, Las Vegas , Nevada, Phoenix , Arizona

☆ Florida State University taps JPMorgan to help find potential investors
▼ + stars: | 2023-08-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent months, and Sixth Street Partners has expressed interest as an investor, the person said. The discussions with potential equity investors are not tied to FSU's potential push to leave the conference, according to the person familiar with the matter. Sportico earlier reported that FSU was working with JPMorgan and that Sixth Street was part of the discussions. "That effort fell apart, mainly because it was a challenge to mesh private investors with the potential media rights for public schools," said sports media consultant Lee Berke.

Persons: Lee Berke, we're, Berke Organizations: Florida State University, JPMorgan, Sixth Street Partners, Atlantic Coast Conference, NCAA, FSU, Sixth, ACC, Southeastern Conference, ESPN, Media

☆ Simone Biles stepped away from ‘corrosive’ gymnastics for mental health. Now she’s back
▼ + stars: | 2023-08-04 | by ( Savanna Stewart | ) edition.cnn.com time to read: +10 min

“We’ve never seen an athlete like Simone Biles,” Ryan said. And yet that sport was corrosive enough and abusive enough that she really had to step away for her own mental health,” added Ryan. “I have to focus on my mental health and not jeopardize my health and well-being.”Biles was replaced in the all-around final by Jade Carey, who had finished ninth in the qualifying round. More than 150 athletes, including Biles, said that the former USA Gymnastics team doctor sexually abused them under the guise of providing medical treatment. “I think this just really shows the lack of leadership of USA Gymnastics and the United States Olympic Committee.”However, there is hope that a brighter future is in store for USA Gymnastics.

Persons: –, “, Joan Ryan, ” Ryan, Ryan, ” Simone Biles, Biles, “ We’ve, Simone Biles, ”, ” Biles, Jade Carey, Carey, Jamie Squire, Simone, ” Carey, Ryan’s, Dmitri Lovetsky, ’ ” Ryan, Larry Nassar, Nassar, …, McKayla Maroney, Aly Raisman, Maggie Nichols, General's, Saul Loeb, Jake Tapper, ” Raisman, Jill Geer, Gabby Douglas, Suni Lee, ” Geer, Geer, Douglas — Ryan, “ It’s, you’ve, what’s Organizations: CNN, CNN Sport, Olympics, USA Gymnastics, Oregon State University, US Gymnastics Federation –, Tokyo, USA, United States Olympic, Paralympic, New York, United, Capitol, United States Olympic Committee, National Team, “, ”, US women’s Locations: Hoffman Estates , Illinois, Tokyo, United States, Washington, Biles, “, Paris

☆ After 17 years at Walmart, I wanted an adventure – so I quit and sold my condo to go live in an RV
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Lee Jeyes left his job as Walmart's head of innovation after almost 17 years. Jeyes sold his condo and most of his belongings to start a new life traveling and working in an RV. In February, I left my job at Walmart as its head of corporate innovation after almost 17 years at the company. I sold or donated most of my possessions — everything from my car to my condo — and bought an RV for $40,000 in May. I then sold my condo for $925,000 in April and freed myself from a mortgage for the first time in a decade.

Persons: Lee Jeyes, Jeyes, I'd, Lee, Wally, Lee Jeyes I've, I'm Organizations: Service, Walmart, Artists Locations: Wall, Silicon, Toronto, Ontario, Canada

☆ One of the world’s richest self-made men started as a motel janitor—now he has a net worth of $1.2 billion
▼ + stars: | 2023-07-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

He now has a net worth of $1.2 billion, which comes from owning nearly a third of Yanolja with his wife and two daughters, according to Forbes . Yanolja founder and chairman Lee Su-jin started his lucrative career in the travel industry as a motel janitor. He saved his money, invested in stocks and even started a salad business, according to Bloomberg. So he decided to rebrand love hotels. "If all the motels relied on love, they'd starve to death," Lee told Bloomberg.

Persons: Lee, Lee Su, Yanolja, Kim Jong, yoon, Kim, SoftBank Organizations: Forbes, Bloomberg, CNBC, SoftBank Vision, Reuters Locations: Korea, Yanolja

BEIJING/TAIPEI, July 17 (Reuters) - China reacted with anger on Monday to a planned visit next month to the United States by "separatist" Taiwan presidential frontrunner Vice President William Lai, as the government in Taipei said it saw no reason to overreact to mere transit stops. Such transits infuriate China, which views them as covert support by the United States for Taiwan's separateness from China and challenge to Beijing's territorial claims. "China firmly opposes any form of official exchanges between the United States and Taiwan, resolutely opposes sneaky visits by Taiwan independence separatists in any name or for any reason, and resolutely opposes any form of connivance by the United States to support Taiwan independence separatists," she said. Speaking to reporters, Taiwan Vice Foreign Minister Alexander Yui declined to give details on Lai's U.S. transits, saying details would come later. Pena visited Taiwan last week and met both Lai and Tsai, who cannot run for office again after serving two terms.

Persons: William Lai, Lai, Santiago Pena, Tsai Ing, Tsai, Kevin McCarthy, Mao Ning, Pena, Alexander Yui, Yui, Liz Lee, Ben Blanchard, Kim Coghill, Lincoln, Michael Perry Organizations: Central America, Foreign Ministry, Taiwan, Foreign, U.S, Thomson Locations: BEIJING, TAIPEI, China, United States, Taiwan, Taipei, U.S, Taiwan's, Los Angeles, Central, Beijing, Paraguay, Republic of China

☆ JPMorgan Chase beats analysts’ estimates on higher rates, interest income
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan Chase beats analysts’ estimates on higher rates, interest incomeCNBC's Joe Kernen and Melissa Lee break down the company's Q2 earnings results.

Persons: JPMorgan Chase, Joe Kernen, Melissa Lee Organizations: JPMorgan

☆ Tom Lee, who nailed the inflation call, reveals what the market needs to hit all-time highs
▼ + stars: | 2023-07-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Tom Lee, who correctly called the stock market rally after June's softer-than-forecast inflation report, said the S & P 500 could hit new a record high soon — on one condition. "If a recession is not imminent, then I think a lot of folks are offsides and that's what propels markets to all time highs." The widely-followed strategist had predicted Monday that the S & P 500 might jump 100 points following a lighter-than-expected inflation reading. Lee recently raised his year-end S & P 500 target to 4,825, which would put the benchmark at an all-time high. The S & P 500 closed at an all-time high of 4796.56 in early January, 2022.

Persons: Tom Lee, Lee, aren't Organizations: Fundstrat Global Advisors, Pepsico, Delta Air, JPMorgan, Citigroup, Wall Street, CNBC, Federal Reserve Locations: Wells

☆ S.Korea market watchdog urges preemptive risk management by foreign firms
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

SEOUL, July 12 (Reuters) - The head of South Korea's financial supervisory agency asked foreign financial firms on Wednesday for preemptive risk management in the face of various uncertainties. "Especially, I request that you do your best to maintain financial soundness and proactive risk management by pre-emptively responding to recent external and internal uncertainties," Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), told firms. Representatives from 11 foreign institutions including JPMorgan Chase Bank, HSBC Bank, MUFG Bank, Yuanta Securities, Goldman Sachs Securities, insurers, and investment companies attended. Lee also told the meeting, which is held once or twice a year, about progress in regulatory changes and authorities' efforts to improve foreign access to financial markets, the FSS said in a statement. Reporting by Jihoon Lee; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee Bok, hyun, Lee, Jihoon Lee, Robert Birsel Organizations: Financial Supervisory Service, JPMorgan Chase Bank, HSBC Bank, MUFG Bank, Yuanta Securities, Goldman, Goldman Sachs Securities, Thomson Locations: SEOUL, Goldman Sachs

Foxconn (2317.TW) withdrew from the JV with the Indian metals-to-oil conglomerate on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem." India expects its semiconductor market to be worth $63 billion by 2026, but Modi's plan has so far floundered. The $3 billion ISMC project is stalled because Tower is being acquired by Intel, while another $3 billion plan by IGSS was also halted because it wanted to re-submit its application, Reuters has reported. Like Foxconn, the Indian government has said the breakup of the JV had "no impact" on India's semiconductor plans, adding that both companies were "valued investors" in the country.

Persons: India Foxconn, Foxconn, Narendra Modi's chipmaking, Modi, IGSS, Ann Wang, Vedanta, Anil Agarwal, Vedanta's, Yimou Lee, Ben Blanchard, Tanvi Mehta, Aditya Kalra, Jacqueline Wong, Sonali Paul, Alexander Smith Organizations: India, JV, Vedanta, TW, Semiconductors, IGSS Ventures, ISMC, Intel, Reuters, REUTERS, Vedanta's, Vedanta Ltd, Vedanta Resources, Thomson Locations: chipmaking, India, TAIPEI, MUMBAI, Singapore, New Taipei City, Taiwan, Vedanta's India, Vedanta's London, Taipei, Mumbai, New Delhi, Pandya, Bengaluru

"We had to wait two weeks," said Lee Bo-mi, a 35-year-old mother with a sick 3-year-old boy, at the Healthy Children's Hospital. By comparison, it costs about A$335 for initial standard consultation with an Australian paediatrician, while observation at Nationwide Children's Hospital in the U.S. costs $208 per hour, according to its website. Data from the Health Insurance Review and Assessment Service shows paediatricians are South Korea's lowest paid doctors, making 57% less than the average doctor's salary. Sowha Hospital, South Korea's oldest children's hospital, recently suspended Saturday afternoon and Sunday treatment for the first time in 77 years due to a lack of staff. "If the number of children's hospitals decreases and the number of doctors falls, it's going to be difficult to get children treated."

Persons: Song Jong, geun, Jung Seung, Kim Hong, Ji, paediatrics, Lee Bo, Dae, it's, Choi Yong, jae, Dr Lim Hyun, I'm, Kim Eun, Lee Ju, yul, there's, Lee, Lim, Joyce Lee, Robert Birsel Organizations: REUTERS, Seoul Institute, Reuters, The, of Health, Welfare, Children's, Korea University Guro Hospital, Korea Children's Hospital, Korean Pediatric Association, Nationwide Children's Hospital, Health Insurance, Service, Namseoul University, Thomson Locations: Seoul, South Korea, Ji SEOUL, Seoul's, Korea, Australian, U.S

For just as long, critics of affirmative action have questioned whether race-conscious admissions policies are fair or warranted. The Supreme Court weighed in on Thursday, striking down affirmative action policies at Harvard and the University of North Carolina. In 2014, he founded Students for Fair Admissions, the group behind several major Supreme Court challenges to affirmative action - including the cases that led to Thursday's decision. Connerly persuaded his fellow regents to ban affirmative action. He concluded that affirmative action as part of an approach that aimed to remedy historic disadvantages and did not favor unqualified applicants over qualified ones could still be used.

Persons: EDWARD BLUM Edward Blum, Blum, LEE BOLLINGER, Lee Bollinger, Society's, Bollinger, WARD CONNERLY, Jim Crow, Pete Wilson, Connerly, CHRISTOPHER EDLEY, Bill Clinton, Christopher Edley Jr, Clinton, Edley, Joseph Ax, Gabriella Borter, Sharon Bernstein, Donna Bryson, Leslie Adler Organizations: Harvard, University of North, Fair, University of Michigan, U.S, Bollinger, Columbia University, Universities, Republican, Regents, University of California, UC, American, JR, UC Berkeley's, Thomson Locations: University of North Carolina, U.S ., Grutter, Michigan, California, Louisiana, Sacramento

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