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New York CNN —Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was. For many watching the disarray of Burning Man from afar, the rain and mud that left 70,000 people stranded quickly became a symbol of the festival’s departure from its roots. Or, more simply: how the billionaires ruined Burning Man. Going to Burning Man is, in some elite circles, akin to having climbed Everest or taken ayahuasca on a meditation retreat — a spiritually transformative experience, undertaken with a considerable safety net of privilege. “Burning Man is the perfect example of how many rich White people recreationally manufacture hardship because they are immune from it systematically,” wrote one user on X, formerly Twitter, this weekend.
Persons: isn’t, Elon Musk, Recode, ” Mark Zuckerberg, Dustin Moskovitz, Elizabeth Holmes, , Andrew Hyde, Holly Yan Organizations: New, New York CNN, Facebook, New York Times, New York Post, CNN Locations: New York, San Francisco, There’s
AdvertisementAdvertisementBack in 2015, Oculus founder Palmer Luckey predicted that — sooner or later — virtual reality headsets would find their way into the classroom and enable a new, more immersive future for education. Now, an online school called Optima Academy Online seems to be answering those queries, and bringing Luckey's vision to fruition. Kevin Wolf/APOptimaEd, the Florida-based company behind Optima Academy, is helmed by conservative education activist Erika Donalds, wife of Republican Congressman Byron Donalds. A field trip to EverestThe school instructs students through a combination of virtual reality sessions and online classes. Instruction for kindergarten through second grade is more similar to virtual school where classes are both live and pre-recorded, according to Optima's website.
Persons: Adam Mangana, Palmer Luckey, Luckey, Erika Donalds, Byron Donalds, Kevin Wolf, Ron DeSantis, Jeremy Bailenson, Optima's Organizations: Yorker, New, Summit, Optima, Meta, Optima Academy, Everest, New Yorker, Research Locations: Florida, Dublin, Everest, à, Arizona, Michigan, Yorker
Bill Pinkney, the first Black sailor to circumnavigate the globe alone by the arduous southern route — rounding the five great capes of the earth’s southernmost points of land, most notably the fearsome Cape Horn — died on Thursday in Atlanta. His death, in a hospital on a visit to Atlanta, was announced by Ina Pinkney, his former wife, who said he sustained a head injury in a fall earlier this week. Cape Horn, the southern tip of South America, is where the Pacific and the Atlantic oceans meet in a treacherous scrum of churning waves battered by capricious winds called williwaws. It is known as the Mount Everest of sailing, “a mystical, mythical way point,” as Herb McCormick, the former editor of Cruising World magazine, put it in a phone interview. Those who round the cape become members of an elite club.
Persons: Bill Pinkney, Horn —, Ina Pinkney, Cape Horn, Herb McCormick, Pinkney Locations: Atlanta, Puerto Rico, Cape, South America, United States
But just seven years after dropping the atomic bombs, the United States detonated an even more powerful nuclear weapon: the hydrogen bomb. A hydrogen bomb, also known as a thermonuclear bomb, can create explosive force hundreds or even thousands of times greater than an atomic bomb. That extra challenge is why it took scientists longer to build a hydrogen bomb than the atomic bomb. Some physicists, including Oppenheimer, who were concerned about the far greater destructive potential of hydrogen bombs compared to atomic bombs, opposed their development. Hydrogen bomb tests were incredibly powerfulOn November 1, 1952, the US detonated the first hydrogen bomb at Enewetak atoll in the Marshall Islands.
Persons: Edward Teller, Sun, there's, ALEXANDER NEMENOV, Robert Oppenheimer, Oppenheimer, Cillian Murphy, Melinda Sue Gordon, Enrico Fermi, Isidor Isaac Rabi, Harry S, Truman, Stanislaw Ulam, Teller, Mike, NurPhoto, Dragon Organizations: US, Service, TNT, University of Nevada, Getty, Tsar, Manhattan Project, Los, Universal, Alamos, Soviet Union, Atomic Energy, Bravo, Castle Bravo, Marshall Locations: Los Alamos, Wall, Silicon, Hiroshima, Nagasaki, United States, Las Vegas, Mt, Soviet, Soviet Union, Marshall, Castle, Bikini Atoll, Japan, Great Britain, Russia
C’MON DOWN! A few winning $150-and-under designs. Illustration: Mojo Wang“PLEASE SPEND no time on this silly request,” ordered an email that recently shot into my fashion editor’s inbox. The woman behind it wanted to buy a casual button-up as a birthday gift for her boyfriend, and was hoping for leads. The first was that the shirt be “hip but not too hip.” The second turned this “silly request” into my new Everest: Her price limit was $150.
Persons: Mojo Wang “,
TPG approaches EY about buying stake in consulting arm - FT
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +1 min
The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann/file photo Acquire Licensing RightsAug 15 (Reuters) - Private equity group TPG Capital has approached accounting giant Ernst & Young (EY) about buying a stake in its consulting arm, Financial Times reported on Tuesday, citing a letter it had reviewed. TPG outlined its plan for a debt-and-equity deal to separate the consulting arm from EY's audit business in a letter sent to the firm's global and U.S. bosses, the FT report added. TPG and EY did not immediately respond to Reuters' requests for a comment. In September last year, EY announced its plans to split its audit and consulting units into two companies after regulators voiced concerns that the audit arm would not do its job fairly for its client if it also employed EY as a consultant.
Persons: Young, Arnd, EY, Manya Saini, Shilpi Majumdar Organizations: Ernst, REUTERS, TPG Capital, Financial, TPG, EY, Big, Thomson Locations: Zurich, Switzerland, U.S, Bengaluru
Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.
Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton
Mr. Hassan fell from a particularly dangerous stretch of the climbing trail on K2 known as the bottleneck and later died. “There was no rescue mission,” Wilhelm Steindl, an Austrian climber who provided video footage of other climbers stepping over Mr. Hassan on the narrow mountain path, said in an interview with Sky News. “Seventy mountaineers stepped over a living guy who needed big help at this moment, and they decided to keep on going to the summit.”The authorities in Pakistan’s Gilgit-Baltistan region, where a portion of the mountain is located, identified Mr. Hassan as a “high-altitude porter.” They said they were investigating whether “adequate efforts were made to rescue” Mr. Hassan, whom Ms. Harila said was part of another team. The authorities said they would examine the conditions of Mr. Hassan’s climbing gear and “ascertain who authorized him to climb with equipment that might have been insufficient for such high-altitude expeditions and his level of experience.”People frequently die summiting the tallest mountains in the world, including Mount Everest and K2. The treks are so dangerous that the bodies of fallen climbers are sometimes left behind, and some are never recovered.
Persons: Hassan, ” Wilhelm Steindl, , Mr, Harila, Mount Organizations: Sky News, Mount Everest Locations: Austrian, Pakistan’s Gilgit, Baltistan
CNN —A record-breaking Norwegian climber has hit out at what she calls “misinformation and hatred” surrounding claims she and her team climbed over a dying porter on K2 to summit the deadly peak. In a statement posted to her website on Thursday, Harila insisted she and her team did everything they could to save Pakistani mountain porter Mohammad Hassan. Pakistani mountain porter Mohammad Hassan died after slipping on K2, the world's second highest mountain. Kristin Harila/InstagramSteindl and Flämig said they later spoke with witnesses to confirm what had happened and ascertain the victim’s identity. We did not fully understand the gravity of everything that happened until later,” Harila added.
Persons: Kristin Harila, Lama –, Harila, Mohammad Hassan, Wilhelm Steindl, Philip Flämig, Flämig, ” Flämig, , Hassan, Steindl, ” Harila, “ Lama, Gabriel, Niranjan Shrestha, , Lama Organizations: CNN, Austrian, Süddeutsche Locations: Austrian, Pakistani, Hassan, Base
said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).
Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia
After nearly ten years of travel, Pedersen successfully visited his 203rd and final country, the Maldives, and began his long-awaited voyage back to Denmark. In early 2020, the intrepid traveler suddenly found himself stuck in Hong Kong for two years with just nine countries left. “I look back at Hong Kong, and it’s a bit of a paradox. Next came a 16-day journey back to Hong Kong, where he returned to hotel quarantine for another two weeks. Pedersen in Hong Kong, where he spent an unexpected two years during the pandemic.
Persons: Torbjørn, Thor ” Pedersen, Pedersen, He’d, ” Pedersen, , , Le, I’ve, He’s, , ’ ”, Maxime Champigneulle, Gunnar Garfors, it’s, It’s, you’ve, he’s, “ There’s, Mike Douglas Organizations: CNN, CNN Travel, Maersk, , Port, Le, UN, Danish, Hong, Denmark, Pacific, Tonga, National Museum, Ross Energy, Aarhus . Port Locations: Denmark, Maldives, Danish, Malaysia, Sri Lanka, Aarhus, Kenya, Colombia, Australia, Norway, Guinea, Equatorial Guinea, Mongolia, Pakistan, Syria, Iran, Nauru, Angola, Ghana, Iceland, Canada, Hong Kong, Everest, Palau, New Zealand, Samoa, Tonga, Vanuatu, Pacific, Tuvalu, Fiji, Singapore, Malé, Norwegian, Aarhus ., Aarhus What’s, Suez, Germany
CNN —A Norwegian woman and a Nepali man smashed the record on Thursday for the fastest summit of all 14 of the world’s 8,000-metre (26,000-feet) mountains, their team said in a statement. The pair surpassed Nepal-born British adventurer Nirmal Purja’s record of six months and six days, set in 2019. Purja is now attempting to set the record for the fastest ascent of all 14 peaks without supplemental oxygen, he said on Twitter. Mount Everest, the tallest of the 14 highest peaks, issued permits for a record number of climbers this year, for this spring season’s expeditions. According to Nepali officials as the spring climbing season came to an end in June, 12 people died and five were missing on Everest.
Persons: Kristin Harila, Lama –, , Nirmal Purja’s, Nirmal Purja, Mount Everest, Nirmal, ” Lama, Everest Organizations: CNN, Twitter Locations: Norwegian, Nepal, Purja, Mount
There is no suggestion the trades break sanctions, although they may make it difficult for sanctions enforcement agencies in Europe and the United States to track Russian oil transactions and prices. The new trading network and practices raise financial risks for Russian oil companies dealing with unknown entities with limited credit history. "We recognise that (sanctions on Russia are) going to change the shape and structure of the Russian oil markets," the official told reporters. In May, Russian seaborne oil supplies to India, which was a rare buyer of Russian oil before the war, reached a record of 1.95 million bpd while China imported 2.29 million bpd. A source with one major Russian oil company said his company was prepared to deal with higher credit risks from buyers for the sake of having stable and rising oil exports.
Persons: Russia's, Rosneft, Everest, Coral, Washington, Lukoil, Dmitry Zhdannikov, Nidhi Verma, Timothy Gardner, Laura Sanicola, Simon Webb, Frank Jack Daniel Our Organizations: NEW, Liberian, Reuters, Shell, Group, European Union, Bellatrix Energy, Leopard, Guron, SEA, Coral Energy, Everest Energy, U.S . Treasury, EU, UK, Treasury, UAE dirham, Shipping, Hindustan Petroleum, Gazprom Neft, Covart Energy, Orion Energy, Media, Rosneft, Nidhi, Thomson Locations: Russia, Ukraine MOSCOW, NEW DELHI, Russia's Ust, Hong Kong, India, Moscow, Asia, Ukraine, Refinitiv, Europe, United States, Australia, China, U.S, UAE, Dubai, Visakhapatnam, Surgutneftegaz, Russian, Geneva, Singapore, Rosneft, Venezuela, MOSCOW, LONDON, Washington, New York
“They have become the fastest to climb all 14 peaks,” Tashi, told Reuters, quoting information from the base camp. Climbing all 14 highest peaks in a few months is a challenging feat, which is normally done by many climbers in years. They set the fastest climbing record by beating Nirmal Purja from Nepal who completed all peaks in six months and one week in 2019. "They have made a summit a short while ago," Madison told Reuters adding that the Norwegian woman was "extremely tough mentally and physically". One of the sherpas, the 17-year-old Nima Rinjin Sherpa, also becomes the youngest to climb K2, Tashi said.
Persons: Kristin Harila, Nepal’s Tenjen, Tashi Lakpa Sherpa, Tashi, Nirmal Purja, Cho Oyu, Nanga Parbat, Gasherbrum, Garrett Madison, Madison, Nima Rinjin Sherpa, Gopal Sharma, Michael Perry Organizations: Seven, Guinness, Madison Mountaineering, Reuters, Thomson Locations: KATHMANDU, Norwegian, Pakistan, Kathmandu, , Nepal, Tibet, China, Annapurna, U.S
Morning Bid: Tech splits, banks merge and Fed decides
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +5 min
Unlucky for some perhaps, but a 13th today would make it the longest winning streak for the Dow since 1987. Meta Platforms (META.O) is up next after Wednesday's closing bell and its share rose 2%. Wells Fargo (WFC.N), meantime, climbed 2.8% after the bank's board authorized a new $30 billion share buyback program. The Fed decision comes in the wake of another set of forecast-beating U.S. consumer confidence readings for July. Elsewhere, the European earnings season was in full swing too, with banks dominating the diary and the European Central Bank meeting tomorrow.
Persons: Mike Dolan, Dow Jones, Wells Fargo, Kazuo Ueda, Jerome Powell, Molina, Rollins, Edwards, John Stonestreet Organizations: Microsoft, Dow, Netflix, Google, Federal Trade Commission, European Central Bank, Deutsche Bank, Bank of Japan, HK, . Federal, eBay, Boeing, General Dynamics, Seagate, Union Pacific, CME, Hilton Worldwide, Lam Research, Water Works, United Rentals, Otis, Treasury, Reuters, Reuters Graphics Reuters, Thomson Locations: U.S, Wall, Nasdaq, California, Lam, Everest
"Tourism has been on the slow burner for decades in the Darien," said longtime Panamanian tour guide Rick Morales. Tourists and migrants rarely meet face to face; the routes are almost always separated by dozens of miles. Reuters GraphicsTrip advertising does not mention the humanitarian crisis. At the same time, it acknowledged a "catastrophic humanitarian crisis" in a separate part of the Darien due to migration. Travel Darien Panama is an Indigenous-owned tour operator that says on its website it aims to help fund schools and improve living conditions in their village.
Persons: Franca Ramirez, Ramirez, Rick Morales, Marco Wanske, Kisbel Garcia, Alejandra Peña, Luis Eguiluz, Lorri Krebs, Mark Fischer, Morales, Carmelita Cansari, Nina Van Maris, Van Maris, Daina Beth Solomon, Laura Gottesdiener, Elida Moreno, Stephen Eisenhammer, Claudia Parsons Organizations: MEXICO CITY, Pan, Organization for Migration, Reuters, Tourists, Reuters Graphics, Adventure Travel Trade Association . Social, REUTERS, UNESCO, Salem State University, Tourism Ministry, U.S ., U.S, U.S . State Department, Big, Maria, Thomson Locations: MEXICO, Panamanian, Venezuela, Darien, Panama, Americas, United States, Mexico, Alaska, Argentina, Afghanistan, Africa, U.S, selfies, Ecuador, Haiti, Acandi, Colombia, Central America, Salem , Massachusetts, Greece, Texas, Travel Darien Panama, Luxembourg, Mexico City, Monterrey, Panama City, Maria Laguna
The hole will eventually reach 10,520 meters (34,514 feet) into the ground at the Sichuan Basin in southwest China, according to state-run news agency Xinhua. The region is a major area for gas production and engineers expected to find a natural gas reserve there, the report said. These ultradeep holes stretch greater than Mount Everest measuring from top to bottom, which is about 8,800 meters (28,871 feet) tall. Drilling deep allows scientists to learn more about how the Earth was formed with the crust acting like a geological timeline of or world’s formation. China, the world’s second largest economy and the world’s biggest carbon emitter, has huge energy needs.
Persons: Chen Lili, , Xi Jinping, John Kerry, Xi, Organizations: Hong Kong CNN, Xinhua, China National Petroleum Corporation, Sinopec Corp, Reuters, Kerry Locations: Hong Kong, Sichuan, China, Tarim, China’s, Xinjiang, Russia, Soviet, Xinhua, Beijing
Six months ago, having just won the Australian Open one year after being deported from the country, Novak Djokovic collapsed in the arms of his family and his coaches in a moment of strained ecstasy. He had drawn even with Rafael Nadal in the race for most Grand Slam singles titles. 23 and jetted off to the Azores for a hiking vacation with his wife. Gone is the pugnacious battler carrying around a career full of angst. His default facial expression, something like an inquisitive scowl, has been replaced with a relaxed grin.
Persons: Novak Djokovic, Rafael Nadal, Roland Garros Locations: Azores
KATHMANDU, July 13 (Reuters) - Nepal's aviation regulator has banned helicopters from conducting "non-essential" flights, including those for sight-seeing, for two months after a deadly crash in the Everest region in which six people were killed. Five Mexican tourists and the Nepali pilot of a small helicopter operated by the private Manang Air company were killed on Tuesday when their chopper crashed while returning from viewing Himalayan peaks, including Mount Everest. “Non-essential flights like mountain flights, external load operations (sling flights) and showering of flowers by helicopters (will) be restricted till September,” the Civil Aviation Authority of Nepal (CAAN) said in a Twitter post late on Wednesday. Nepal, which is in the midst of the annual June-September monsoon season, has formed an investigation committee to find out what caused Tuesday’s crash. Nepal's worst air crash in 30 years killed 71 people in January, when a plane went down near the tourist city of Pokhara.
Persons: Mount, CAAN, Everest, Gopal Sharma, Raju Gopalakrishnan Organizations: Manang Air, Mount Everest, Civil Aviation Authority of Nepal, Thomson Locations: KATHMANDU, Everest, Nepal, Pokhara
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Persons: Dow Jones Locations: nepal
The Best Home and Kitchen Deals to Shop This Prime Day
  + stars: | 2023-07-11 | by ( Madeline Diamond | ) www.wsj.com   time to read: +8 min
It performed the best out of all the models we tried out when searching for the best air purifier—in our test, it cleared out 98.6% of smoke in just 30 minutes. It normally has a hefty price tag, but it’s marked down by 30% for Prime Day. For Prime Day, the vacuum is 40% off (that’s $400 in savings), which is the lowest price we’ve tracked this year. It’s nearly 30% off for Prime Day, so you might even want to stock up on a few. It normally goes for $130, but during Prime Day you can score one for $47 (that’s a 65% discount).
Persons: Madeline Diamond, it’s, Burr, fryer, , Joseph Joseph, Sobel Westex, It’s, We’re, you’ve, now’s, Bissell, We’ve Organizations: Prime, Tree Company Locations: Eufy
[1/5] People unload the body from air transport of a person killed in a helicopter crash belonging to Manang air, at Tribhuvan University Teaching Hospital in Kathmandu, Nepal July 11, 2023. REUTERS/Navesh ChitrakarKATHMANDU, July 11 (Reuters) - Authorities in Nepal have retrieved the bodies of all six people killed in a helicopter crash on Tuesday, including five Mexican nationals, officials said, the latest in a series of air disasters to strike the Himalayan nation. The helicopter was operated by Manang Air, which ferries tourists seeking a view of the country's towering peaks, including Mount Everest, the world's tallest mountain. "We have already dispatched four bodies to Kathmandu in a helicopter and are preparing to send the remaining two soon," Bhattarai told Reuters from the crash site. Nepal's worst air crash in 30 years killed 71 people in January, when a plane went down near the tourist city of Pokhara.
Persons: Mount Everest, Basanta Bhattarai, Bhattarai, Sita Adhikari, Nima Tshering Sherpa, Teknath Sitoula, Raju Neupane, Gopal Sharma, Shilpa Jamkhandikar, Ed Osmond, Clarence Fernandez, Mark Heinrich Our Organizations: Tribhuvan University Teaching Hospital, REUTERS, Authorities, Manang, Reuters, Thomson Locations: Kathmandu, Nepal, KATHMANDU, Likkhu, Solukhumbu, Nepali, Pokhara
CNN —Six people have died in a helicopter crash in Nepal, a spokesperson for Kathmandu’s Tribhuvan International Airport said Tuesday. The Manang Air helicopter was carrying five Mexican passengers and a Nepali pilot, Teknath Sitoula told CNN. It added that locals and police who reached the crash site found the bodies of all on board. It will take some time because it means traveling by road from the crash site and then flying to Kathmandu,” Sitoula told CNN. In January, at least 68 people were killed when an aircraft went down near the city of Pokhara in central Nepal.
Persons: Teknath Sitoula, Mount Everest, ” Sitoula Organizations: CNN, Kathmandu’s Tribhuvan, Manang Air, Reuters, Civil Aviation Authority of Locations: Nepal, Solukhumbu district, Everest, Kathmandu, Civil Aviation Authority of Nepal, Solukhumbu’s, Likhupike, Pokhara
Aleja and Blake Briles sold their home in Dallas and bought a $100,000 RV to tour the country. They didn't anticipate the challenges RV life would present, especially parking outside of RV parks. Their advice for people new to RV life is to plan your visits ahead and expect to make repairs. We lived in that house for four and a half years, then we sold it in 2021 to do this. The certain RV lifestyle that we chose was more off-grid and out in nature and not tucked into an RV park.
Persons: Aleja, Blake Briles, Blake, we've, Outlaw, Aleja Briles Blake, There's, , there's, nilly, We've Organizations: Service, YouTube, Land Management Locations: Dallas, Wall, Silicon, Covid, Oregon, Texas, Colorado, New Mexico, California, Tahoe
The third quarter is a key time for extreme weather events. An El Niño weather pattern is widely expected for 2023. "Following three years of La Niña, climate scientists expect 2023 to have El Niño conditions with near-100% certainty given current signals," Karp said in a note to clients last month. Insurers are also among the stocks to typically move in relation to extreme weather events. This year should be a fairly typical one for hurricanes, as El Niño is typically linked to a less severe season.
Persons: Nature, , Sophie Karp, La, Karp, El, bode, Morgan Stanley, Andrei Stadnik, Stadnik, Matthew Carletti doesn't, hasn't, Jefferies, Yaron Kinar, Brown, Arthur J, Gallagher, Aon, Niño, Generac, Aaron Jagdfeld, Bob Huang, bullish, — CNBC's Michael Bloom Organizations: National Oceanic, Atmospheric Administration, Energy, DTE Energy, WEC Energy, CNBC Pro's, WEC, Xcel Energy, Portland General Electric, Edison International, CenterPoint, Southern Company, Duke Energy, Nextera Energy, El, Insurance Australia Group, Suncorp, Arch Capital, Everest Re, Bloomberg, Arch Locations: El, Canada, U.S, Gulf, Pacific Northwest, California, Michigan, Avista, Portland, American, Mexico, CenterPoint Energy, Bermuda, Texas
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