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☆ Australia's parliament approves gas price cap, $1 bln energy relief
▼ + stars: | 2022-12-15 | by ( Sonali Paul | ) www.reuters.com time to read: +3 min

MELBOURNE, Dec 15 (Reuters) - Australia's parliament on Thursday passed legislation setting a price cap on natural gas for one year and providing A$1.5 billion ($1.03 billion) in relief for households and small businesses hit by soaring energy costs due to Russia's war in Ukraine. The price cap will apply to new wholesale gas sales by east coast producers. The law also clears the way for the government to regulate gas sales when producers and buyers fail to agree on a contract price. The price cap met with fierce opposition from the gas industry but was supported by manufacturers and the Australian Workers' Union. Mining billionaire Andrew Forrest's private firm Squadron Energy, building a liquefied natural gas (LNG) import terminal, urged the government to require Queensland gas producers to make LNG available for the domestic market at "reasonable prices".

☆ 'The White Lotus': The show's most cringeworthy moments
▼ + stars: | 2022-12-10 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

(“White Lotus” and “Enlightened” are from HBO, which like CNN is part of the same parent company, Warner Bros. Tanya usurps a boat ride to NOT spread her mother’s ashesJennifer Coolidge (center) in 'The White Lotus' Season 1. Valentina gives Isabella a lavish (and hideous) brooch as a giftSabrina Impacciatore (L) and Eleonora Romandini in 'The White Lotus' Season 2. With White Lotus Sicily manager Valentina (Sabrina Impacciatore), White has beautifully constructed a driven and capable employer who nonetheless has quite a huge blindspot. Kai gets caught stealingKekoa Scott Kekumano in 'The White Lotus' Season 1.

☆ Republican Kari Lake files lawsuit challenging her loss in the Arizona gubernatorial election
▼ + stars: | 2022-12-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kari Lake on Friday filed a lawsuit challenging her loss in the Arizona gubernatorial election. Lake is asking to be named the winner of the race or for a new vote to be held in Maricopa County. Gov.-elect Katie Hobbs last month narrowly defeated Lake in the general election 50.3%-49.7%. In the general election, Hobbs edged out Lake in Maricopa County 51%-49%, netting roughly 42,000 votes in the county out of more than 1.5 million ballots cast. "If the process was illegitimate, then so are the results," Lake tweeted on Friday after announcing the Maricopa County suit.

☆ Analysis: Argentina fans begin to believe as Messi wills them into World Cup semis
▼ + stars: | 2022-12-09 | by ( Philip O'Connor | ) www.reuters.com time to read: +3 min

The mercurial 35-year-old did all he could in the 90 minutes to set up a semi-final against Croatia, who beat Brazil on penalties earlier on Friday, but a late collective collapse almost saw him make an embarrassing World Cup exit. Having earlier watched Neymar tearfully exit the Qatar World Cup without taking a penalty for Brazil, Messi took no chances in the shoot-out and stepped up first, setting the tone for what was to come. COMPELLING PLAYERWith Neymar out and Ronaldo benched by Portugal, only France's Kylian Mbappe can rival Messi as the tournament's most compelling player. There was joy, but the overriding emotion etched on Messi's face as his team celebrated with the fans was relief. Croatia await - get past them and maybe the fans that haven't always loved him will put him up there with Diego Maradona, but nothing less than victory in the World Cup final will suffice.

The win ends a nearly two-year power sharing agreement, giving Democrats true majority rule. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona's viselike grip on their party's priorities has loosened a bit, thanks to Georgia. Republicans will no longer be able to bottle up Biden administration nominees in committee, and select Democratic committee chairs will again be able to issue subpoenas. "Joe Manchin is a good person; he really is," Biden said Friday at a reception for the Democratic Senatorial Campaign Committee. Senate Majority Leader Chuck Schumer of New York speaks at a press conference at the Capitol on August 5, 2022.

☆ Elon Musk demands Twitter staff commit to 'long hours' or leave: Read the email
▼ + stars: | 2022-11-16 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. This week, he also fired veteran engineers at Twitter after they criticized him in public, or in the company's internal Slack channels. One change that he insisted the company roll out quickly, called Twitter Blue verification, had to be rescinded, however. Musk now plans a revised Twitter Blue Verified release on Nov. 29th. Here's the full email that Elon Musk sent to Twitter employees on Wednesday (transcribed by CNBC):From: Elon MuskTo: Team [at Twitter]Subj.

☆ Musk halts Twitter's coveted blue check amid proliferation of imposters
▼ + stars: | 2022-11-12 | by ( Nivedita Balu | ) www.reuters.com time to read: +3 min

The coveted blue check mark was previously reserved for verified accounts of politicians, famous personalities, journalists and other public figures. The flip-flop is part of a chaotic two weeks at Twitter since Musk completed his $44 billion acquisition. Musk has fired nearly half of Twitter's workforce, removed its board and senior executives, and raised the prospect of Twitter's bankruptcy. A number of misleading tweets about Tesla from a verified account with the same profile picture as the company's official account were also being circulated on the platform. In response, the billionaire said on Wednesday he aimed to turn Twitter into a force for truth and stop fake accounts.

☆ Twitter verification trolls targeted the pharmaceutical firm Eli Lilly, falsely announcing that 'insulin is free' before claiming it would cost $400-per-vial
▼ + stars: | 2022-11-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two Twitter accounts pretended to be insulin-producing pharma firm Eli Lilly and Company. Another account mimicked the real Eli Lilly's apology, then claimed insulin prices would rise. Both accounts pretended to be Eli Lilly and Company, who introduced the world's first commercially available insulin product – a necessity for people with diabetes. TwitterThe real company then apologized for the "misleading message from a fake Lilly account" and added that users should only trust the "LillyPad" account. Eli Lilly told Insider it was "in conversations with Twitter

☆ What it feels like to visit a fusion company lab on a day when wildfire smoke cloaks the horizon
▼ + stars: | 2022-11-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

The Helion Energy building under construction to house their next generation fusion machine. For the employees of Helion Energy, building a fusion device is their job. Helion Energy's building under construction to house the seventh generation fusion machine on a day when wildfire smoke was not restricting visibility. On the one hand, I had a newfound sense of hope about the possibility of fusion energy. This is the Polaris Injector Test, where Helion Energy is building a component piece of the seventh generation fusion machine.

☆ Education Secretary Miguel Cardona says the department is 'moving full speed ahead' to implement student debt relief despite an appeals court temporarily blocking the plan
▼ + stars: | 2022-10-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Miguel Cardona says student debt relief is "moving full speed" despite a temporary hold on the plan. The Eighth Circuit Court of Appeals on Friday issued an administrative stay for the relief plan. "Already, 22 million people have provided the department with the necessary information we need to review their eligibility for student debt relief." In framing the debt relief plan as one that would benefit working and middle-class families, Cardona criticized efforts by several Republican attorneys general to invalidate Biden's student-loan forgiveness plan. The Biden administration also faces legal challenges from Arizona GOP Attorney General Mark Brnovich, the Job Creators Network Foundation, and the Cato Institute over its debt relief plan.

☆ Former employees at merchandise startup Spring complained about working with creators who spread misinformation and conspiracy theories, but said the company turned a blind eye: 'These people make the
▼ + stars: | 2022-10-21 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +9 min

A second former Spring staffer echoed the first's concerns, telling Insider they were uncomfortable with the company letting Godlewski earn revenue using Spring's services. Five former staffers at Spring told Insider it was an open secret that the platform worked with problematic creators, oftentimes because these creators made the company a lot of money. All of the former employees Insider talked to spoke on condition of anonymity to protect career prospects. Five former employees told Insider that We Are Change, and other storefronts like it, were some of the platform's bestsellers. Most staffers knew about it, the first former employee told Insider, and kept it hidden from leadership.

☆ Hurricane Ian claims likely to push Swiss Re to Q3 loss
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

CFO John Dacey of the world's second largest reinsurer Swiss Re addresses a news conference to present the company's full year results in Zurich, Switzerland February 21, 2019. REUTERS/Arnd WIegmannSummarySummary Companies Swiss Re estimates Hurricane Ian claims at around $1.3 billionExpects Q3 net loss of around $500 millionSees total Hurricane Ian claims for industry at $50 bln-65 blnZURICH, Oct 18 (Reuters) - Swiss Re (SRENH.S) forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion. Register now for FREE unlimited access to Reuters.com RegisterSwiss Re estimated the preliminary total insured market loss from Hurricane Ian at $50 billion–$65 billion. "Swiss Re maintains its very strong capital position, with Group (Swiss Solvency Test) ratio of 274%, as of 1 July 2022. Berenberg analyst Kathryn Fear cut her estimate for 2022 net income to $947 million from $1.72 billion.

☆ Factbox: U.S. companies brace for Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +5 min

Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Bonus cap scrap would be dubious Brexit dividend
▼ + stars: | 2022-09-15 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

A person points to the City of London financial district from a viewing platform in London, Britain, October 22, 2021. REUTERS/Hannah McKayLONDON, Sept 15 (Reuters Breakingviews) - UK finance minister Kwasi Kwarteng wants to make the City more competitive. That means UK banks and foreign ones operating in London might have to keep their compensation policies broadly the same to retain staff. Bringing the highly charged issue to the fore means Kwarteng might have less cover to push ahead with more meaningful changes, like getting rid of the bank levy. CONTEXT NEWSBritish finance minister Kwasi Kwarteng is seeking to scrap Britain’s cap on bankers’ bonuses, the Financial Times reported on Sept. 14.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

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