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☆ El Salvador’s abortion laws are notoriously harsh. These women say they were convicted of homicide after having stillborn babies
▼ + stars: | 2023-10-08 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +19 min

CNN —A sign greets visitors arriving at a sun-filled two-story house in El Salvador’s capital. But within El Salvador, a largely Catholic and evangelical Christian country, some viewed the women’s accounts with skepticism and hostility. Again, the UN’s human rights office weighed in, calling El Salvador’s laws “draconian.”Two months later, 11 justices from El Salvador’s Supreme Court commuted Vásquez’s sentence, saying evidence in the case did not prove that she had taken any action to end her baby’s life. The Harvard professor has been studying these women’s cases and the impact of El Salvador’s abortion restrictions for years. This shows her after a visit in August 2018, six months after El Salvador's Supreme Court commuted her sentence.

Persons: Teodora Vásquez, they’ll, It’s, El Salvador, it’s, Vásquez, who’ve, “ We’ve, ” Vásquez, “, ”, Teodora, Oscar Rivera, Salvador Melendez, Jocelyn Viterna, ” Viterna, Viterna, Dana Sussman, —, Benedicte, Ra’ad Al Hussein, José Miguel Fortín Magaña, Jose Cabezas, El, ‘, ’ ” Vásquez, Libres, who've, Jessie Wardarski, “ I’ve, Jacqueline Castillo, “ It’s, ” Castillo, she’s, Mujeres, there’s, Marvin Recinos, She’s, Merlin Delcid, CNN’s Tierney Sneed Organizations: CNN, El, Getty, Hollywood, Amnesty, of Women, Harvard University, Salvadoran, Pregnancy, UN, Human Rights, El Salvador’s Institute of Legal Medicine, Reuters, Citizen Group, Harvard, Mujeres Libres El, Inter, American, of Human, “, of Steel Locations: El Salvador’s, “, Libres El Salvador, Mujeres, Salvadoran, El Salvador, United States, New York, El, San Salvador, Mujeres Libres, Mujeres Libres El Salvador, AFP

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

☆ One-third of the world's captive orcas are in the US, and no one can agree on what to do with them
▼ + stars: | 2023-10-07 | by ( Erin Heger | ) www.businessinsider.com time to read: +12 min

There are 18 captive orcas in the US. Captive orcas can also show signs of chronic stress. Captive orcas can suffer a number of health problems including severe tooth damage. The history of releasing captive orcas in the USOnly one captive orca in the US has ever been released back into the ocean — Keiko, the orca who starred in the 1993 film "Free Willy." Captive orcas can't thrive in small tanks but may not thrive in the wild, either.

Persons: Naomi Rose, Rose, Marcos del Mazo, Monika Wieland Shields, Tilikum, Shields, aren't, Chris Dold, Dold, Keiko, Willy, Colin Davey, Keiko wasn't, Mark Palmer, Palmer, Little Grey, White, Aaron Chown, Lori Marino, Marino, Paul Harris, we've, Serge MELESAN, orcas Organizations: SeaWorld, Animal, Service, Animal Welfare Institute, Orca Behavior, Magnolia Pictures, Miami Seaquarium, Miami Herald, Tribune, Getty, Mammal, PETA Locations: SeaWorld, SeaWorld Orlando, Florida, Mexico City, Oregon, Iceland, Norway, Washington, Caribbean, Nova Scotia

REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsBERLIN, Oct 5 (Reuters) - German industrial orders rose more than expected in August due to a strong increase in the manufacture of computer, electronic and optical products sector, data showed On Friday. Orders rose by 3.9% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said. The statistics office revised the July drop to 11.3% compared with June, from a provisional figure of -11.7%. In August, an increase of 37.9% on the month in the manufacture of computer, electronic and optical products drove the expansion in industrial orders. Foreign orders were up 3.9% on the month and domestic orders rose by 4.0%, the data showed.

Persons: Wolfgang Rattay, Rachel More, Maria Martinez, Kirsti Knolle, Christina Fincher Organizations: REUTERS, Rights, Thomson Locations: Duisburg, Germany

☆ ‘The Caine Mutiny Court-Martial’ Review: A Classic Redeployed
▼ + stars: | 2023-10-06 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Lance Reddick, Dale Dye and Kiefer Sutherland Photo: Paramount+/SHOWTIMEThe strawberries are still missing; the steel balls continue rolling nervously around in Captain Queeg’s sea-weathered mitts. And Showtime’s “The Caine Mutiny Court-Martial” is yet another revisiting of the Herman Wouk courtroom saga. A deliberately spare, stripped-down take on the stage adaptation of the novel, it is also the last directorial effort of William Friedkin , who died in August. Those looking to make absolute sense of Friedkin’s involvement might reflect not on the director’s more lavishly imagined and celebrated films—“The Exorcist” or “The French Connection”—but on those that dealt with gray areas of morality and law: “To Live and Die in L.A.,” “Rules of Engagement” and even “Cruising.”

Persons: Lance Reddick, Dale Dye, Kiefer Sutherland, “, ”, Herman Wouk, William Friedkin Organizations: Paramount Locations: Queeg’s, L.A

☆ EU, US seek interim steel deal to avoid return of Trump tariffs - Bloomberg News
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

A steel coil is unrolled on the line at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk/File Photo Acquire Licensing RightsOct 6 (Reuters) - Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday. White House and European Commission officials are negotiating a provisional political agreement that would cover the two main planks of the Global Arrangement for Sustainable Steel and Aluminum that the EU and U.S. have been negotiating since 2021, which include tackling non-market excess capacity and carbon emissions, the report said citing people familiar with the talks. Reporting by Jyoti Narayan in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Aaron Josefczyk, Jyoti Narayan, Jacqueline Wong Organizations: Novolipetsk, REUTERS, European Union, Trump, Bloomberg, White, European Commission, Sustainable Steel, EU, U.S, Thomson Locations: Farrell , Pennsylvania, U.S, Bengaluru

☆ Auto workers worry it takes less labor to build electric cars. Maybe not, some researchers say
▼ + stars: | 2023-10-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

It’s not that simple, though, and some researchers argue that the labor savings of electric vehicles have been greatly overstated. These were among several research reports that found little total difference in the labor hour requirements of EV manufacturing compared to gas-powered cars. Boston Consulting estimates that making battery cells takes up about 8% of the total labor to produce an entire automobile. That’s slightly higher than the percentage of labor needed to produce a gasoline engine, he said. Ford also expects to train 5,000 people to work at a joint-venture battery manufacturing facility currently under construction in Kentucky.

Persons: That’s, Turner Cotterman, Cotterman, ”, Erica Fuchs, Nathan Niese, Gerald Johnson, “, Fuchs, “ You’ve, ” Ford, Ford, that’s, Niese, They’ve Organizations: CNN, United Auto Workers, Carnegie Mellon University, McKinsey, Company, Carnegie Mellon, Boston Consulting, EV, General Motors, Battery, Toyota, BMW, Hyundai, UAW Locations: United States, Marshall , Michigan, Kentucky, Ohio, Boston

Learn moreSamsung's Galaxy Watch line of wearables has long been Android's answer to the Apple Watch, offering as close to a comparable experience as there is. With the recent release of the Samsung Galaxy Watch 6 and Watch 6 Classic, that distinction is true for yet another year. It does have the largest screen of any Galaxy Watch, measuring 3mm larger than the Watch 5 Pro. If it's accurate activity tracking you're after in a Galaxy Watch, the Watch 5 Pro is a far better option with more reliable GPS. AdvertisementAdvertisementThe best experience requires the use of a Samsung phoneCompatibility has long been a weakness of the Samsung Galaxy Watch, and the Watch 6 Classic is no different.

Persons: Rick Stella, It's, durably Organizations: Galaxy, Apple Watch, Samsung Galaxy Watch, Galaxy Watch, Samsung, Navigation, Samsung Galaxy, Samsung Health Monitor

☆ San Francisco says tiny sleeping 'pods,' which cost $700 a month and became a big hit with tech workers, are not up to code
▼ + stars: | 2023-10-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sleeping "pods," which have become popular with San Francisco's tech workers, are not up to code. A San Francisco authority issued a violation for the pods on Tuesday, The SF Examiner reported. The San Francisco Department of Building Inspection issued a notice violation for the pods, which contain beds, but no windows, on Tuesday, The San Francisco Examiner reported. Representatives for the San Francisco Department of Building Inspection did not immediately respond to Insider's request for comment, made outside normal working hours. In San Francisco, the Brownstone-made pods go for $700 per month.

Persons: —, James Stallworth, SFGATE, Christian Lewis, i'm Organizations: SF Examiner, Service, San Francisco Department of, San Francisco Examiner, ABC, Tech Locations: Francisco, Mint, San Francisco

☆ Higher rates are killing the clean energy stocks — BofA says these are worth buying
▼ + stars: | 2023-10-05 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

There's still value to be found among renewable energy stocks despite a rout, according to Bank of America. Leading renewable stock NextEra Energy Partners trimmed its growth forecast earlier this week, sparking a sell-off in the cleantech sector that has lasted for several days. Its stock tumbled about 27% so far this week, while its parent NextEra Energy is down 15% during the same period. BofA analyst Julien Dumoulin-Smith said the event has caused a "collapse in confidence" in NextEra and stoked fears that higher rates will dampen demand for renewable energy projects. ConEd stock has slipped about 12% from the start of the year, while shares of Array are down nearly 2%.

Persons: Julien Dumoulin, Smith, BofA, ConEd, — CNBC's Michael Bloom Organizations: Bank of America, Energy Partners, Energy, PPA, Utilities, NextEra Energy, Technologies, Consolidated Edison, NXT, ConEd Locations: NextEra, Dumoulin

☆ 'It looks like a child's toy': 3 car designers react to Tesla's Cybertruck
▼ + stars: | 2023-10-05 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Tesla's Cybertruck is closer than ever, so we asked three experts on car design what they think about it. AdvertisementAdvertisementTo some, the upcoming Tesla Cybertruck looks like a clumsily designed, doorstop-shaped monstrosity. Instead of mimicking the upright, boxy shape of conventional pickups, Tesla's truck looks more like a triangle. "In car design, you wouldn't believe how much of a difference some small changes make," Licata said. Simplicity and purity are hallmarks of timeless design, Snyder said, and Tesla's wacky truck could fit the bill.

Persons: —, Elon, S0kCyGUBFD — Elon, Paul Snyder, Tesla, Elon Musk, Frederic J . Brown, Snyder, Ford, Matteo Licata, HKBzxFNfzm — Elon, Licata, Geoff Wardle Organizations: Service, Tesla, Detroit's College for Creative Studies, Ford, General Motors, Elon, Honda Odyssey, DeLorean, California's ArtCenter College of Design Locations: Texas, AFP, Detroit

☆ Some vulnerable Republicans aren't cashing Marjorie Taylor Greene's $2,000 checks
▼ + stars: | 2023-10-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Marjorie Taylor Greene sent $2,000 checks to 18 of her colleagues' campaigns in March. But spokespeople for two of those vulnerable Republicans — Rep. Derrick Van Orden of Wisconsin and Rep. Michelle Steel of California — now say that their campaigns didn't end up cashing the checks. Though the March 29 contributions appear in Greene's campaign filings with the Federal Election Commission, they never appeared in Van Orden or Steel's filings. Greene's campaign, which did not respond to Insider's request for comment, has not amended its filings with the Federal Election Commission to reflect that the checks were never cashed. Van Orden represents a swing district, and Democrats are eager to tie more vulnerable Republican candidates to the party's electorally toxic far right.

Persons: Marjorie Taylor Greene, —, Derrick Van Orden's, Michelle Steel's, she'd, Derrick Van Orden, Michelle Steel, Van Orden's, Van Orden, Orden, Greene, Jamaal Bowman, Derrick Van, — Kim Bernice Nguyen, Derek Tran —, who's, Steel, MAGA, Tran Organizations: Service, pugnacious Georgia Republican, Republicans — Rep, Derrick Van Orden of Wisconsin, Federal, Commission, Van Orden, Democratic Rep, —, Derrick Van Orden Press, Georgia Republican, Orange County Register, Democratic Locations: Derrick Van Orden of, California, Van, Washington, Orange

REUTERS/Yusuf Ahmad/File Photo - RC2DGT9XQ73M Acquire Licensing RightsLONDON, Oct 5 (Reuters) - Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG). The cumulative forecast surplus of 566,000 metric tons over the three years is huge relative to the size of the nickel market. Global consumption this year is expected to come in at 3.2 million metric tons. The mining rush fed an 85% jump in production of intermediate products such as nickel pig iron (NPI) and nickel matte and a 20% rise in primary nickel products such as sulphate. But rising global production is also increasingly about China, which lifted its primary nickel production by 18% year-on-year in January-July.

Persons: Yusuf Ahmad, it's, Sharon Singleton Organizations: REUTERS, Study, Global, London Metal Exchange, Shanghai Futures Exchange, Investor, EV, Macquarie Bank, Traders, London, Reuters, Thomson Locations: Lisbon, London, Indonesia, China, Shanghai

☆ The price of steel is falling as the UAW strike hits demand
▼ + stars: | 2023-10-05 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The UAW strike's ripple effects is decreasing the demand for steel, the Journal reported. The strike has cut production of 6,030 vehicles a day that used 5,982 tons of steel, S&P estimates. AdvertisementAdvertisementThe UAW strike is hitting more than just car production and distribution. AdvertisementAdvertisementAccording to the American Iron and Steel Institute, steel currently makes up about 54% of the material that goes into making the average vehicle. But with workers on strike are 43 facilities across the country, that's bound to slow demand for steel.

Persons: —, Ford Organizations: UAW, Service, Big Three, Anderson Economic, Wall Street, American Steel, Iron and Steel Institute, General Motors

☆ Australia will be home to the world's tallest timber tower
▼ + stars: | 2023-10-04 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +4 min

CNN —Western Australia may soon be home to the world’s tallest wooden building, after authorities in Perth green-lit plans for a 191.2-meter-tall (627-foot) “hybrid” tower constructed using mass timber. The developers say 42% of the proposed tower will be constructed from timber, with the columns and core made of reinforced concrete. If completed, the high-rise will surpass the world’s tallest timber-concrete hybrid building, the Ascent tower in Milwaukee, Wisconsin, which stands at 25 stories or 86 meters (284 feet), according to the Council on Tall Buildings and Urban Habitat. Like Atlassian, the proposed C6 tower will combine laminated timber beams with a steel exoskeleton to support the the structure. Video Ad Feedback A short history of the world's tallest buildings 04:24 - Source: CNNBeyond using timber, Grange’s plan also includes green features such as a rooftop garden, an urban farm and resident access to 80 new fully-electric Tesla Model 3s.

Persons: ” Grange, James Dibble, ” Dibble, Philip Oldfield, ” Oldfield, “, Oldfield, ” Organizations: CNN, Grange Development, Western, Tesla, University of New, University of New South Wales ’ School, Built Locations: Western Australia, Perth, Milwaukee , Wisconsin, South Perth, Sydney, Grange, “, University of New South

☆ German service sector activity edges up in Sept -PMI
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsBERLIN, Oct 4 (Reuters) - Activity in Germany's services sector edged up slightly in September, following a drop the month before, a survey showed on Wednesday. The HCOB final services Purchasing Managers' Index (PMI) rose to 50.3 in September from to 47.3 in August, rising back above the 50 level that signals growth in activity. "The recently started downturn in the German services sector looks like it is sticking around for a while," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. The composite PMI index, which comprises services and manufacturing, rose to 46.4 in September from 44.6 in August, signalling a softer rate of contraction of private sector business activity overall.

Persons: Wolfgang Rattay, Cyrus de la Rubia, la Rubia, Maria Martinez, Hugh Lawson 私 Organizations: REUTERS, Rights, Hamburg Commercial Bank Locations: ThyssenKrupp, Duisburg, Germany, Hamburg

☆ Choppy waters as Europe navigates China-US rivalry
▼ + stars: | 2023-10-04 | by ( Mark John | ) www.reuters.com time to read: +6 min

The fracturing of the rules and bonds tying the global economy together - so-called "geo-economic fragmentation" - seemed implausible only a few years ago. Nowhere is it more pressing than for Europe, whose wealth has always relied on trade, from its rapacious colonial history through to its reinvention as self-styled champion of WTO rules. Both the United States and Europe have been hardening their stance towards Beijing while stressing the rules of world trade must be fairly applied. The main EU concern is that the U.S. proposals could break WTO rules by discriminating against third parties. "And we really hope ... that after the election in the United States this is going to continue."

Persons: Jon Nazca, Gordon Brown, Brown, Brad Setser, Biden, Joe Biden, Donald Trump, Trump, Wang Huiyao, Petra Sigmund, Philip Blenkinsop, Joe Cash, Belen Carreno, Mark John, Catherine Evans Organizations: Triple, Majestic, APM, REUTERS, Trade Organization, USA, International Monetary, European, Reuters, for, Thomson Locations: Algeciras, Spain, China, Europe, America, American, United States, Moroccan, Marrakech, Beijing, Washington, Brussels, U.S, EU, for China, IMF, Madrid

☆ Some veterans say Ukraine needs to face up to prospect of long war
▼ + stars: | 2023-10-04 | by ( Dan Peleschuk | ) www.reuters.com time to read: +4 min

"Guys, sooner or later it will catch up with you," said Yabchanka, who was back home in western Ukraine waiting for his wounded leg to heal before returning to his unit. Ukrainians still often dismiss Russian troops as incompetent after battlefield failures in 2022 and the recruitment of thousands of convicts to fill their ranks. No change to overall mobilisation plans has been announced and analysts say the government has to consider the broader economy and social stability. Yabchanka, who sports a Cossack-style moustache and hairstyle, said those who are close to someone fighting tend to be more realistic. "This is someone's husband, someone's son, someone's father," he said.

Persons: Oleksandr Yabchanka, Yabchanka, Vinci, Volodymyr Zelenskiy, Adriana Romanko, Dad, Bohdan Krotevych, someone's, he's, Dan Peleschuk, Michael Collett, White, Philippa Fletcher Organizations: Vinci Wolves, Battalion, Fighters, Armed Forces of, Democratic Initiatives Foundation, Azov Brigade, Thomson Locations: Russia, Ukraine, Lviv, Russian, Armed Forces of Ukraine

PwC’s annual report on the South African mining industry said global drops in some commodity prices following the COVID-19 pandemic contributed to the reduced profits. But so did South Africa’s local challenges of currency fluctuations, high inflation, power blackouts and logistical problems in exporting minerals because of deteriorating road, rail and port infrastructure. South Africa has an opportunity to benefit from that demand, which also would need millions of dollars in investment, the report said. “This presents several opportunities for South Africa which could reshape industries, diversify the economy and drive future prosperity." The output from South Africa’s 130-year-old gold mining industry has been slumping for more than 20 years.

Persons: Andries Rossouw, PwC, Rossouw Organizations: McKinsey & Company, ” Mining, South African Revenue Service, AP Locations: CAPE, South Africa, Ghana, South America, Africa, African, africa

☆ Euro zone economy likely contracted in Q3
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, nudged up to 47.2 in September from August's 46.7. Wednesday's survey showed the downturn was broad-based as, like in August, output declined in both services and manufacturing. "The HCOB Composite PMI for the euro zone did rebound a bit. In one bright spot, services firms increased headcount at a faster pace last month than they did in August. Indeed, euro zone firms bulked up their teams at a faster pace than in August.

Persons: Wolfgang Rattay, Cyrus de la Rubia, Jonathan Cable, Hugh Lawson Organizations: REUTERS, P Global, August's, PMI, Hamburg Commercial Bank, Thomson Locations: Duisburg, Germany, France, Hamburg

Massachusetts, Connecticut and Rhode Island will procure future wind energy projects together rather than separately as part of a joint agreement the states' governors announced Wednesday — the first such multi-state agreement in the nation. Energy from off-shore wind projects is seen as key to meeting each states' climate change goals. The new multistate agreement, which could become a model for other parts of the country, comes as some offshore wind developers are seeking to renegotiate contracts they signed with states in 2019 and 2020 when costs were lower. This week, electric utility Avangrid announced it was pulling out of Connecticut's largest offshore wind project, Park City Wind, calling the current terms “unfinanceable." Political Cartoons View All 1199 ImagesEnergy developers will have until January to submit proposals to be considered for multi-state offshore wind projects that can generate up to 6,000 megawatts.

Persons: Ned Lamont, ”, Lamont Organizations: Connecticut Gov, Energy, Democrat Locations: Massachusetts, Connecticut, Rhode

☆ Asia’s breakup party is happening under duress
▼ + stars: | 2023-10-04 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

As with other big breakups in the region however, there are unspoken reasons for him to join the party. Vedanta Resources is in talks with bondholders to extend the maturity by roughly three years on about $3.2 billion of debt due in 2024 and 2025. But even then, Vedanta Resources may still have a funding gap until 2027 under certain conditions, according to JPMorgan. Even if those were sold for as much as $1.5 billion, JPMorgan estimates Vedanta Resources will at most receive only $350 million in net proceeds. For every one share in Vedanta, shareholders will receive one additional share of each of the five new companies.

Persons: Anil Agarwal, Ajay Agarwal, Vedanta, Mukesh Ambani, Una Galani, Katrina Hamlin Organizations: Reuters, Vedanta, Vedanta Resources, London Stock Exchange, JPMorgan, Hindustan, HK, Reliance Industries, Thomson Locations: BENGALURU, Mumbai, Hindustan, People’s Republic, Asia, Vedanta

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ If Social Security benefits were cut, here's how much more you'd need to save for retirement
▼ + stars: | 2023-10-03 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

In order not to run out of money in retirement, she'd need to save $375 a month in her workplace 401(k) plan — if the Social Security program remains fully in place. "The old-age poverty rate would soar if Social Security benefits were cut," said Richard Johnson, a senior fellow at the Urban Institute. The future of Social Securitywatch nowThe Social Security program has been weakened by a rise in people retiring and the fact that people are living longer. As a result, without any action from lawmakers, the trust fund that supports Social Security benefits for retirees is estimated to run dry in 2033. Workers would continue to pay Social Security payroll taxes, and those collected funds would still be payable to retirees.

Persons: Araya Doheny, Douglas Boneparth, Boneparth, Clifford, Cornell, Biden, Richard Johnson Organizations: Michell, Steel, Getty, Social, Security, CNBC, Workers, Clifford Cornell, Social Security, Finance, IRS, Center, Budget, Urban Institute, Social Security Administration Locations: Cypress , California, New York

The lawsuit accuses prison officials of placing inmates into confinement based on secret evidence, leaving them unable to challenge their placement. A number of lawsuits nationally have targeted the conditions of solitary confinement, saying that the treatment of incarcerated people there has led to psychiatric episodes of self-mutilation and death due to lack of adequate care. The lawsuit asks the court to end the use of secret evidence and solitary confinement for mental health patients. But mental health treatment in the prison is “grossly inadequate” and Maldonado's time in solitary confinement caused insomnia, anxiety, depression and suicidal ideation, his lawyers said. Maldonado was prescribed an antidepressant, but was also taunted as being weak by others in solitary confinement, who can hear visits from mental health staff.

Persons: Angel Maldonado, ” Maldonado, “, Maldonado, ideation, ”, Alexandra Morgan, Kurtz, ” ___ Brooke Schultz Organizations: of Corrections, Correctional, Department of Corrections, Mental, Pennsylvania Institutional Law, Associated Press, America Statehouse News Initiative, America Locations: HARRISBURG, Pa, Pennsylvania, of Corrections ’, Fayette

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