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☆ Real-Estate Companies Grapple With High Interest Rate Hedging Costs
▼ + stars: | 2022-10-13 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

Banks and other lenders often require real-estate firms relying on floating rate debt to hedge their exposure with so-called interest-rate caps. Real-estate companies are struggling with cost increases for labor and building materials as well as slowing demand. The company since March recorded a significant increase in derivatives costs, Mr. Barnes-Smith said, but declined to provide specifics. The company held about $643.8 million in variable rate debt as of June 30, or a little over half of its total debt, Mr. Barnes-Smith said. “These hedging cost issues make something that’s already expensive even more expensive for companies,” Mr. Dhargalkar said.

☆ Factbox: Twelve U.S. House races to watch in the midterm election
▼ + stars: | 2022-10-04 | by ( Moira Warburton | ) www.reuters.com time to read: +6 min

CALIFORNIA'S 22ND DISTRICTRepublican Representative David Valadao was one of only 10 House Republicans who voted to impeach Trump in his second trial. He is now facing a tough challenge from Democratic state representative Rudy Salas in a Central Valley district that has been redrawn substantially since the last election. She will face Amanda Adkins, a former chair of the state Republican Party. McLeod-Skinner faces Republican Lori Chavez-DeRemer, a former mayor of Happy Valley, a Portland suburb. Fung has heavily focused his campaign on inflation, while Magaziner argues that Fung would enable the far right House Republicans' agenda.

Ron DeSantis overpowered his own Legislature to pass a map that adds an additional four GOP seats. Nationally, Republicans are likely to net three to four House seats from new maps alone — most of the five seats they need to regain the majority. There are 36 House Democrats not running for re-election, mostly because many opted to retire rather than risk serving in the wilderness of the minority. And there’s state Sen. Jen Kiggans, a nurse practitioner and former Navy pilot challenging Democratic Rep. Elaine Luria in Virginia Beach. MAGA primary takeoversIn a handful of races, Republicans have nominated hardcore pro-Trump candidates who could jeopardize their ability to win swing seats.

☆ Factbox: Mass shootings in the U.S. from Club Q to Pulse nightclub
▼ + stars: | 2022-07-04 | by ( ) www.reuters.com time to read: +6 min

[1/2] A police officer sits in their vehicle while responding to a mass shooting at the Club Q gay nightclub in Colorado Springs, Colorado, U.S., November 20, 2022. - BUFFALO, May 14, 2022 - A white gunman killed 10 Black people inside a supermarket in a racially motivated attack. - ORLANDO, June 12, 2016 - A gunman fatally shot 49 people at Pulse, a gay nightclub, before he was shot dead by police. - WASHINGTON, Sept. 16, 2013 - A former Navy reservist working as a government contractor killed 12 people at the Washington Navy Yard. - AURORA, July 20, 2012 - A masked gunman killed 12 people at a cinema in Aurora, Colorado.

☆ Water's edge: the crisis of rising sea levels
▼ + stars: | 2014-09-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +20 min

But sea levels have been rising for 100 years in Baltimore.”ROCKET SCIENCEThe irony is evident at Wallops Flight Facility. Yet this bastion of climate research has been slow to apply the science of sea level rise to its own operations. Reviewers from state and federal agencies criticized the 348-page document for failing to adequately take rising sea levels into account in the project design and impact, or to temper future plans for expansion. Joshua Bundick, Wallops’s environmental planning manager, explained that he distilled the issues “down to only the highest points,” and sea level rise wasn’t among them. The cost to American taxpayers of repeated destruction of the parking lot and causeway from rising sea levels would only increase, Fish and Wildlife officials said.

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