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Senator Tim Scott (R-SC) speaks as former South Carolina Governor Nikki Haley and North Dakota Governor Doug Burgum listen at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. Haley, U.N. ambassador in Trump's administration, said the curtains had been bought during the previous Obama administration, and told Scott to "do your homework." before the exchange devolved into cacophony with the two candidates, joined by Florida Governor Ron DeSantis, talking over one another. The New York Times in 2018 reported that $52,701 had been spent for "customized and mechanized curtains" for the residence. The article said plans to buy the curtains were made in 2016, before Trump took office.

Persons: Tim Scott, Nikki Haley, Doug Burgum, Brian Snyder, Donald Trump, Tim Scott of, Haley, U.N, Obama, Scott, Ron DeSantis, Trump, Chris Christie, Joe Biden, Jill Biden, Trump's, Mike Pence, Karen Pence, Alex Bruesewitz, DeSantis, Christie, Alexandra Ulmer, Ross Colvin, Howard Goller Organizations: South Carolina, North Dakota, Republican, REUTERS, White, United Nations, Florida, New York Times, New, Democratic, Trump Locations: Milwaukee , Wisconsin, U.S, Tim Scott of South Carolina, New York, cacophony, New Jersey

☆ Airbus names sales chief Scherer CEO of planemaking arm
▼ + stars: | 2023-09-26 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. Scherer, who is currently chief commercial officer, said Airbus would meet its operational objectives. Airbus formally merged with its dominant planemaking business in 2018, meaning it combines two separate headquarters and operational functions under one CEO, with the Helicopters and Defence & Space divisions sitting underneath. The shake-up brings back a separate planemaking CEO under the same roof but the company does not appear to be re-creating two entities, something that had created a stage for chronic in-fighting in the past.

Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Tim Hepher, Louise Heavens Organizations: Airbus, Reuters, International Air, REUTERS, Rights, Commercial Aircraft, Boeing, Helicopters, Defence, Space, Thomson Locations: Boston , Massachusetts, U.S

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley speaks at a campaign town hall in Hampton, New Hampshire, U.S., September 21, 2023. She took on leadership roles in several business organizations before winning a seat in the South Carolina state legislature in 2004. She also appointed a current rival in the Republican presidential nominating contest, Tim Scott, to the U.S. Senate in 2012. UNITED NATIONS AMBASSADORHaley endorsed several rivals to Trump in the 2016 Republican presidential nominating contest, and occasionally tangled with him during the primaries.

Persons: Nikki Haley, Brian Snyder, Haley, Tim Scott, Ron DeSantis, Trump, Democrat Joe Biden, Gram Slattery, Jonathan Oatis Organizations: U.S, United, REUTERS, Rights, Republican, United Nations, Republican Party, Clemson University, SOUTH CAROLINA GOVERNOR, U.S . Senate, UNITED NATIONS, Trump, Republicans, Ukraine, Florida, TRUMP, Capitol, Democrat, Thomson Locations: Hampton , New Hampshire, U.S, Ukraine, India, South Carolina, United States, Iran, New Hampshire, China, North Korea

☆ The full moon has different names for each month. Here's the meaning and origin for the whole lunar calendar.
▼ + stars: | 2023-09-26 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

The next full moon will be a harvest moon, rising on September 29. AdvertisementAdvertisementSeptember: harvest moon, "corn moon," "barley moon"Amish people harvest corn in Maryland. A harvest moon sometimes occurs in October (the moon doesn't follow the Gregorian calendar), but it's always the full moon closest to the autumnal equinox. The next worm moon: March 25, 2024April: "pink moon," "sprouting grass moon," "egg moon," "fish moon"Wildflowers along the California coastline in Big Sur at sunset. AdvertisementAdvertisementThe next seasonal blue moon: August 19, 2024The next monthly blue moon: August 19, 2024

Persons: It's, —, Patrick Hartigan, Mark Wilson, it's, Shamil Zhumatov, Eddie Keog, what's, Jeff R Clow, Andy ClarkREUTERS, John Moore, Mike Segar, Charlie Baker, Brian Snyder, that's, Mike Blake, Toby Talbot, Mead, Toby Melville Deer, Matt Balazik, Steve Helber, Champlain, Paul Hanna Supermoons, Andrew Lichtenstein Organizations: Service, Rice University, Reuters, North, Getty, Beavers, REUTERS, Former, NASA, AP, Astronomical Union Locations: Maryland, Moscow, Russia, North America, Europe, New England, Superior, Colonial, Stokenchurch, England, Lake Louise , Alberta, Irvington , New York, Former Massachusetts, Hollis Hill, Fitchburg , Massachusetts, Algonquin, California, Big Sur, Calais , Vermont, Richmond Park, London, Britain, Alaska, James, Charles City , Virginia

☆ Airbus picks sales chief Scherer to run jetmaking arm -sources
▼ + stars: | 2023-09-25 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Reuters revealed the plans to reorganise in July and this month Scherer, an Airbus veteran currently serving as chief commercial officer, emerged as one of the main candidates to run the jetmaking arm, which accounts for 70% of revenue. Airbus reorganisations are more sensitive than most because of a history of friction between founders France and Germany. Born in Germany and raised in Toulouse, 61-year-old Scherer has spent his career in the Airbus commercial arm, apart from stints in Defence and as CEO of turboprop affiliate ATR. Insiders say the immediate challenges Scherer faces will be less familiar industrial ones, such as meeting production and delivery targets and managing roughly 80,000 Airbus employees.

Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Fabrice Bregier, Tom Enders, Rob Stallard, Bruno, Frenchman Faury, Olaf Scholz, Tim Hepher, David Goodman, Sharon Singleton Organizations: Airbus, Reuters, International Air, REUTERS, Boeing, Partners, Airbus Helicopters, Defence, Monday Germany, Thomson Locations: Boston , Massachusetts, U.S, PARIS, France, Germany, Toulouse, Europe, China

☆ What are legacy admissions — and do colleges need them?
▼ + stars: | 2023-09-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Since the Supreme Court’s decision on race-based admissions, Wesleyan University and the University of Minnesota dropped legacy admissions. A 2022 report from nonprofit think tank Education Reform Now found that colleges were turning away from legacy admissions. Eighty-nine percent of college admissions directors did not support the use of legacy admits, and three-quarters of public colleges and universities didn’t even provide a legacy preference. “In that admission process, that legacy extra boost really can make a difference.”Donations, donations, donationsSome colleges say that legacy admissions play a financial role in keeping donors engaged. Casey added that getting rid of legacy admissions won’t change the compositions of the nation’s most elite colleges overnight.

Persons: Michael Roth, “, —, Brian Snyder, EFN, Joan Casey, we’ve, ” Casey, Gabrielle Starr, ” Starr, ” Chris Peterson, hasn’t, Starr, isn’t, “ Dartmouth, ”, Lee Coffin, Charles Krupa, ” Dartmouth, Casey, ” What’s, they’re Organizations: New, New York CNN, US, Court, American Civil Liberties Union, Wesleyan University, University of Minnesota, Johns Hopkins University, Pomona College, ” Wesleyan, CNN, Pew Research Center, Harvard University, Let’s, Harvard, Educational, Inc, Pomona, ”, Massachusetts Institute of Technology, MIT, Culture Colleges, Baker Library, Dartmouth College, Dartmouth, US Department of Education, Harvard University discriminates Locations: New York, Cambridge , Massachusetts, Massachusetts, Pomona, Claremont , California, California, ” Pomona, Hanover, N.H

☆ Carmakers will not immediately comply with Massachusetts data repair law
▼ + stars: | 2023-09-22 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsSept 22 (Reuters) - An auto industry group said on Friday carmakers do not plan to immediately comply with a Massachusetts law requiring them to share vehicle data with independent repair shops citing concerns about potential hacking. Massachusetts voters in 2020 approved a ballot initiative that gives independent repair shops access to diagnostic data that newer cars can send directly to dealers and manufacturers, in order to allow consumers to seek repairs outside dealerships. The Massachusetts attorney general's office said earlier appreciated "NHTSA’s clarification today that our state law is not preempted by federal law." Automakers must comply with the state law, the office said. Federal Trade Commission Chair Lina Khan praised NHTSA's statement "clarifying that automakers can safely comply with Massachusetts' right to repair law and share vehicle data with independent repair shops."

Persons: Brian Snyder, general's, Lina Khan, David Shepardson, Nick Zieminski Organizations: Chevrolet, REUTERS, Traffic Safety Administration, Alliance, Automotive Innovation, NHTSA, Federal Trade, Thomson Locations: Arlington , Massachusetts, Massachusetts

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position, a shift that was apparent on Wednesday. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which was meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve. DeSantis said he would seek to require plaintiffs to pay compensation when they bring spurious litigation against energy projects.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Donald Trump's, Joe Biden, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Energy, Democrat, Continental Resources, Environmental Protection Agency, Republicans, Securities and Exchange Commission, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California, Iowa

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which is meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. The Florida governor has slid in the polls for months, and he now sits 37 points behind former President Donald Trump, according to the latest Reuters/Ipsos poll. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Continental Resources, Environmental Protection Agency, Republicans, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsCompanies Orsted A/S FollowSept 18 (Reuters) - U.S. President Joe Biden's plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the CEO of Orsted (ORSTED.CO), the world's largest offshore wind developer, said on Monday at the Climate Week NYC event in New York. The Biden administration has passed lucrative subsidies aimed at helping companies build new offshore wind power capacity to help decarbonize the power sector and revitalize domestic manufacturing. But offshore wind developers have said that certain tax credits in the Inflation Reduction Act, Biden's landmark climate change law, are insufficient and are lobbying for less stringent rules around qualifying for the credits. Last week, the governors of six Northeastern states urged Biden to direct his administration to take actions to support struggling offshore wind projects. Offshore wind is crucial to the targets of Northeast states who want to move away from fossil fuel-fired electricity.

Persons: Brian Snyder, Joe Biden's, Mads Nipper, Nipper, Biden, Scott DiSavino, Nichola Groom, Shariq Khan, Mark Porter, Marguerita Choy Organizations: U.S . Coast Guard, REUTERS, Biden, Rhode, Thomson Locations: Rhode, New York, Danish, Maryland , Connecticut , Massachusetts , New Jersey , New York, U.S, Los Angeles

☆ US retailer holiday hiring to drop to levels last seen in 2008
▼ + stars: | 2023-09-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

A "Now Hiring" sign hangs on the door to the Urban Outfitters store at Quincy Market in Boston, Massachusetts September 5, 2014. That is just slightly above the 324,900 workers they added during the last quarter of the financial recession of 2008. "Seasonal employers have a few issues to grapple with in the coming months. Another is one that has been fairly constant since the pandemic: can they attract workers?," Challenger said. Signs are already emerging that the labor market is starting to cool and employers are hiring at a slower clip.

Persons: Brian Snyder, Andrew Challenger, Siddharth Cavale, Matthew Lewis Organizations: Urban Outfitters, Quincy Market, REUTERS, Labor, Challenger, Reuters . Retailers, Bureau of Labor Statistics, Labor Department, Thomson Locations: Boston , Massachusetts, New York

☆ Biden’s offshore wind target slipping out of reach as projects struggle
▼ + stars: | 2023-09-15 | by ( Nichola Groom | ) www.reuters.com time to read: +7 min

The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. The energy research firm expects 21 GW of offshore wind along U.S. shores in 2030, breaking 30 GW by 2032. Still, offshore wind developers including Orsted have said the IRA’s subsidies are insufficient for projects to thrive in the current environment, and are lobbying the administration for additional concessions. The nation currently has just two pilot-scale offshore wind farms capable of producing 42 megawatts of electricity. Stephanie McClellan, executive director of the offshore wind advocacy group Turn Forward, said making sure the first fleet of projects succeeds was more important than a particular timeline.

Persons: Brian Snyder, Joe Biden’s, Biden, Kris Ohleth, It's, Samantha Woodworth, Wood Mackenzie, Michael Brown, France's, it's, Kelly Penot, Rousseau, Orsted, Michael Kikukawa, Samah Shaiq, Shaiq, Doreen Harris, NYSERDA, Elizabeth Mahony, Stephanie McClellan, Nichola Groom, David Gregorio Our Organizations: REUTERS, BP, Shell, Companies, Developers, Ocean Winds, Reuters, Biden, U.S . Department of Energy, DOE, New York State Energy Research, Development Authority, New York State Department of Public Service, Equinor, Orsted . Massachusetts Department of Energy, Office of Energy, Environmental Affairs, New, New Jersey Board of Public Utilities, Thomson Locations: Rhode, U.S, North American, Massachusetts, Gulf of Mexico, Europe, Asia, China, United Kingdom, New Jersey, New York, Orsted .

☆ New Covid boosters could reach Americans as soon as Thursday – here's what you need to know
▼ + stars: | 2023-09-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +9 min

Brian Cassella | Tribune News Service | Getty ImagesA new round of Covid vaccines is finally here in the U.S. Meanwhile, the FDA is still reviewing a third updated vaccine from Novavax for people ages 12 and up. Here's everything you need to know about the updated Covid vaccines, from where to find them, whether you can get them for free and when to get them. The agency's website outlines more specific guidelines for staying up to date on Covid vaccines, which differ depending on age group and risk level. Kroger Americans will soon be able to use the federal website vaccines.gov to find other locations offering the updated Covid shots, according to a CDC spokesperson.

Persons: Brian Cassella, Covid, Biden, Megan Wallace, they've, Brian Snyder, vaccines.gov, Evelyn Twentyman, Will, Moderna's, Twentyman, Taison Bell, Bell, CDC's Wallace, Wallace Organizations: Pfizer, Tribune, Service, U.S, The, Disease Control, Moderna, Food and Drug Administration, CDC, FDA, Walgreens, CNBC, WALGREENS, CVS Albertsons, Kroger, Manufacturers, CVS, University of Virginia Health, Younger Locations: Chatham , Illinois, U.S, Covid, Somerville , Massachusetts

☆ When is the second Republican primary debate and who is in it?
▼ + stars: | 2023-09-13 | by ( Tim Reid | ) www.reuters.com time to read: +5 min

The empty debate stage awaits the arrival of the candidates before the start of the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S., August 23, 2023. REUTERS/Brian Snyder Acquire Licensing RightsSept 13 (Reuters) - At least six Republican candidates will take part in the second 2024 Republican presidential debate on Sept. 27 in California. FEWER CANDIDATES - AND LIKELY NO TRUMP AGAINThe qualifying rules for the second debate are more stringent than the first, when eight candidates were on stage in Milwaukee. Once the clear second-place candidate behind Trump, DeSantis' campaign has floundered as some other candidates closed the gap with him in recent polls. After Ramaswamy's pugnacious performance in the August debate, expect to see more attacks on him and his lack of experience, especially by Haley and Pence, both of whom had strong outings last month.

Persons: Brian Snyder, Ronald Reagan, Doug Burgum, Asa Hutchinson, Donald Trump, Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott of, Vivek Ramaswamy, Chris Christie, DESANTIS, Trump, DeSantis, Ramaswamy, RAMASWAMY, Ramaswamy's, Haley, Pence, Scott, TRUMP, BIDEN, Christie, Biden, Joe Biden, Hunter Biden, Tim Reid, Ross Colvin, Jonathan Oatis Organizations: Republican, REUTERS, Foundation & Institute, Republican National Committee, Fox Business Network, Univision, North, Trump, South Carolina, New, DeSantis, Democratic, Thomson Locations: Milwaukee , Wisconsin, U.S, California, Wisconsin, Simi Valley , California, Los Angeles, Milwaukee, North Dakota, Arkansas, Florida, Tim Scott of South Carolina, New Jersey, Arizona, Nevada

☆ Goodyear Tire to cut around 1,200 jobs in restructuring drive
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

A U.S. flag flies at a Goodyear Tire facility in Somerville, Massachusetts, U.S., July 25, 2017. The decision comes after activist investor Elliott Investment Management in May criticized Goodyear for mismanagement and lagging behind rivals Michelin and Bridgestone (5108.T). Elliott, which holds a 10% stake in the tire company, had also pushed Goodyear for an operational review and sale of its stores. The Ohio-based firm forecast total pre-tax charges of between $210 million and $230 million by 2025 due to the restructuring. Last month, Goodyear swung to a loss of 73 cents per share for the second quarter, from a profit of 58 cents per share a year earlier.

Persons: Brian Snyder, Goodyear, Elliott, Pratyush Thakur, Devika Organizations: U.S, Goodyear Tire, REUTERS, Goodyear Tire &, Elliott Investment Management, Michelin, Bridgestone, Goodyear, Thomson Locations: Somerville , Massachusetts, U.S, Europe, East, Africa, The Ohio, Bengaluru

Haley's stance on military aid to Ukraine after Russia's 2022 invasion in particular puts her at odds with much of her party's rank-and-file. The campaign is making a strategic wager, advisers said, that Haley's full-throated support for Ukraine is more popular among voters looking to move past Trump, than with the Republican Party writ large. That position puts her in conflict with rivals, Republican front-runner Trump, Florida Governor Ron DeSantis and tech entrepreneur Vivek Ramaswamy. Ambassador to the United Nations Nikki Haley speaks during a campaign town hall meeting in Claremont, New Hampshire, U.S., September 5, 2023. Haley is getting more attention from Republican voters since the first Republican primary debate on Aug. 23, where she strongly asserted the importance of confronting Russia and China.

Persons: Nikki Haley, Haley, Donald Trump, Ron DeSantis, Vivek Ramaswamy, Brian Snyder, Betsy Ankney, DeSantis, they're, Al Lepine, Mike Loftus, Gram Slattery, Grant McCool Organizations: United Nations, Republican, Reuters, Trump, U.S, United, REUTERS, Thomson Locations: MANCHESTER, New Hampshire, Mexico, Ukraine, China, Taiwan, U.S, Trump , Florida, Claremont , New Hampshire, Russia, Iran, Venezuela, MEXICO, United States, Europe

☆ SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares - WSJ
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Shoppers leave a Bed Bath & Beyond store, after the company declared bankruptcy, in Danvers, Massachusetts, U.S., April 24, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsSept 7 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating billionaire Ryan Cohen's ownership and surprise sale of Bed Bath & Beyond shares, the Wall Street Journal reported on Thursday. Bed Bath & Beyond and the SEC did not immediately respond to Reuters' requests for comment. Cohen could not be immediately reached for comment. In April, Bed Bath & Beyond filed for Chapter 11 bankruptcy.

Persons: Brian Snyder, Ryan Cohen's, Cohen, Granth, Sriraj Organizations: Shoppers, REUTERS, U.S . Securities, Exchange Commission, Bed, Wall Street, SEC, GameStop, Thomson Locations: Danvers , Massachusetts, U.S, Bed Bath, Bengaluru

The John Adams Courthouse, where the Massachusetts Supreme Judicial Court presides, stands in Boston, Massachusetts, U.S., September 7, 2023. In a unanimous ruling Thursday, the Supreme Judicial Court of Massachusetts upheld a 2018 lower court ruling that the state acted in bad faith in regulating the Canton-based Judge Rotenberg Educational Center. The legal fight over the facility began in 1985, when the state sought to ban the shock treatment. In 2013, the state sought to terminate the consent order altogether, before Judge Field's ruling in 2018 that it was still necessary because of state regulators' bad faith conduct. A federal appeals court in 2021 ruled in a separate case that the U.S. Food and Drug Administration could not ban the shock device.

Persons: John Adams, Brian Snyder, Katherine Field, JRC, Michael Flammia, Scott Kafker, Judge Field's, Brendan Pierson, Alexia Garamfalvi, Deepa Babington Organizations: REUTERS, Massachusetts, Rotenberg Educational, Probate, state's Department of Developmental Services, U.S . Food, Drug Administration, Thomson Locations: Massachusetts, Boston , Massachusetts, U.S, Canton, Bristol, New York

☆ US jobless claims hit lowest level since February; productivity strongest in years
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

Initial claims for state unemployment benefits fell 13,000 to 216,000 in the week ended Sept. 2 from a revised 229,000 in the prior week, the Labor Department said on Thursday. That was the lowest since the same level was touched in the week ended Feb. 11 and it marked the fourth straight weekly decline. Economists polled by Reuters had forecast new claims would rise to 234,000 in the latest week. That was the lowest since the same level was hit in the week ended July 15. Overall, the jobless claims figures show the U.S. job market appears in no danger of rolling over in the near term.

Persons: Brian Snyder, Dan Burns, Chizu Nomiyama, Paul Simao Organizations: REUTERS, Labor Department, Reuters, Federal Reserve, Thomson Locations: Cambridge , Massachusetts, U.S

☆ Column: US offshore wind sector faces key test after weak Gulf auction
▼ + stars: | 2023-08-30 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsLITTLETON, Colorado, Aug 29 (Reuters) - The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden's green energy agenda, and the U.S. offshore wind sector in general. U.S. officials had touted the auction as a key milestone in Biden's agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change. In addition to lower wind speeds and hurricane risks, potential wind farm developers in the Gulf waters must also accommodate relatively lower local power market prices than other parts of the United States, which greatly undermines wind power earning potential in the region. As offshore wind power systems are still in their relative infancy compared with other power sources, the average cost of power generated from offshore sites can be twice the cost of that from a gas-fired plant. Without a viable offshore wind sector, those industries may now struggle to secure the quantities of green hydrogen they may be anticipating in coming decades, and so could look for ways to support the wind sector's development in the years ahead.

Persons: Brian Snyder, Joe Biden's, Biden, hesitancy, Gavin Maguire, Matthew Lewis Organizations: U.S . Coast Guard, REUTERS, Offshore, U.S ., Gulf, Shell, Reuters, Thomson Locations: Rhode, LITTLETON , Colorado, Gulf, Mexico, U.S, Louisiana, Northeast, Texas, United States, U.S . East Coast , New York, New Jersey, Gulf Coast, Gulf of Mexico, Littleton , Colorado

It follows a tumultuous spring for regional banks in which Silicon Valley Bank and two other lenders collapsed, forcing regulators to backstop deposits to stave off a broader panic. The proposal, which is subject to industry feedback, would see banks raise their long-term debt issuance by roughly 25%, or $70 billion, according to the FDIC. The agency said banks would have three years from the rule's adoption to meet the new standard. 'COMPELLING CASE'Each bank's debt requirement will be based on their risk-weighted assets, total assets, or total leverage, depending on which number is highest. In a speech previewing the proposals this month, Gruenberg said recent bank failures made "a compelling case" for regulators to impose tougher rules on regional firms.

Persons: Brian Snyder, Martin Gruenberg, Matthew Bisanz, Mayer Brown, “ It’s, Greg Baer, Gruenberg, Ian Katz, Pete Schroeder, Megan Davies, Philippa Fletcher, Andrea Ricci Organizations: First Republic Bank, REUTERS, Rights, Federal Deposit Insurance Corporation, Federal Reserve, Wall, Bank, FDIC, Financial Services Group Inc, Fifth Third Bancorp, Citizens Financial Group Inc, Industry, Bank Policy Institute, Silicon Valley Bank, JPMorgan Chase, FDIC's, Insurance Fund, Capital Alpha Partners, Thomson Locations: Boston , Massachusetts, U.S, Silicon

The new requirement would bring large regional banks more in line with the largest global banks, which already have their own debt requirement. The proposal follows a tumultuous spring for regional banks, which saw three collapse, forcing regulators to backstop deposits to stave off a broader panic. The proposal would mean banks have to raise their long-term debt issuance by roughly 25%, or $70 billion, according to the FDIC. “These banks will have to go into the market issuing capital to meet the capital proposal and then issuing long-term debt to meet the long-term debt proposal," said Matthew Bisanz, a partner at Mayer Brown. The proposed rules were approved by the FDIC at a meeting Tuesday, giving the industry the opportunity to critique the approach.

Persons: Brian Snyder, Martin Gruenberg, Matthew Bisanz, Mayer Brown, Gruenberg, JPMorgan Chase, Ian Katz, ” Rob Nichols, Pete Schroeder, Megan Davies, Philippa Fletcher, Andrea Ricci Organizations: First Republic Bank, REUTERS, Rights, U.S, Federal Deposit Insurance Corporation, FDIC, Financial Services Group Inc, Fifth Third Bancorp, Citizens Financial, Silicon Valley Bank, JPMorgan, FDIC's, Insurance Fund, Capital Alpha Partners, Federal Reserve, American Bankers Association, Thomson Locations: Boston , Massachusetts, U.S, Silicon

Former biotech executive Vivek Ramaswamy speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Aug 28 (Reuters) - U.S. rapper Eminem has asked Republican presidential candidate Vivek Ramaswamy, a multimillionaire former biotech executive, to not use his music during his presidential campaign, according to a letter disclosed on Monday. "BMI has received a communication from Marshall B. Mathers, III, professionally known as Eminem, objecting to the Vivek Ramaswamy campaign's use of Eminem's musical composition (the "Eminem Works") and requesting that BMI remove all Eminem Works from the Agreement," BMI says in the letter. Ramaswamy's campaign told CNN it will comply with the request to stop using Eminem's music. The 38-year-old tech entrepreneur was at the center of many of last week's first Republican primary debate's most dramatic moments.

Persons: Vivek Ramaswamy, Brian Snyder, Eminem, Ramaswamy's, Marshall B, Mathers, III, Ramaswamy, Donald Trump, Florida Governor Ron DeSantis, Trump, Tucker Carlson, Kanishka Singh, Leslie Adler Organizations: Republican, REUTERS, Rights, Daily Mail, BMI, CNN, Florida Governor, Trump, Fox News, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Washington

☆ Trump still dominates, no DeSantis bounce from Republican debate, Reuters/Ipsos poll shows
▼ + stars: | 2023-08-25 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Republican presidential candidate and Florida Governor Ron DeSantis speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. But it showed DeSantis remained stuck in distant second place with 13% of support of Republican respondents while Trump, the former president, had 52%, marginally higher than the 47% he received in a Reuters/Ipsos poll in early August. Still, about half of Republican respondents said they were more likely to support DeSantis based on what they had heard about the debate. About four in 10 Republicans said they were more likely to back Ramaswamy or Haley based on the debate. Only 5% of Republicans said they outright backed Ramaswamy while only 4% supported Haley, similar shares to what they had before the debate.

Persons: Ron DeSantis, Brian Snyder, Donald Trump, DeSantis, Trump, Tucker Carlson, Vivek Ramaswamy, Nikki Haley, Ramaswamy, Haley, Mike Pence, Joe Biden, Trump's, Jason Lange, Ross Colvin, Howard Goller Organizations: Florida, Republican, REUTERS, Rights, Reuters, Republicans, Trump, Twitter, Democrat, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Milwaukee, Atlanta, Georgia

☆ What 2024 Republican presidential candidates said at their first debate
▼ + stars: | 2023-08-24 | by ( Josephine Walker | ) www.reuters.com time to read: +3 min

Former New Jersey Governor Chris Christie walks past as former U.S. Vice President Mike Pence talks with Florida Governor Ron DeSantis during a commercial break at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. REUTERS/Brian Snyder Acquire Licensing RightsMILWAUKEE, Aug 23 (Reuters) - Here is a selection of quotes from the 2024 Republican presidential candidates at their first debate in Milwaukee on Wednesday. FLORIDA GOVERNOR RON DESANTIS"I am not going to send troops to Ukraine but I am going to send them to our southern border. FORMER VICE PRESIDENT MIKE PENCEOn Ramaswamy: "Now is not the time for on-the-job training. NORTH DAKOTA GOVERNOR DOUG BURGUM"I think I took it a little too literally when they said, 'Go to Milwaukee and break a leg.'"

Persons: Chris Christie, Mike Pence, Florida Governor Ron DeSantis, Brian Snyder, RON DESANTIS, VIVEK RAMASWAMY, CHRIS CHRISTIE, Ramaswamy, I've, Brett, Barack Obama, MIKE, Donald Trump, NIKKI HALEY, Biden, Trump, DOUG BURGUM, Josephine Walker, Ross Colvin, Andy Sullivan Organizations: New Jersey, U.S, Florida Governor, Republican, REUTERS, Rights, . FLORIDA, PAC, Ramaswamy, Trump, TIM, OF SOUTH, ARKANSAS, ASA HUTCHINSON, NORTH, Thomson Locations: Milwaukee , Wisconsin, U.S, Milwaukee, Ukraine, JERSEY, America, United States, Washington

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