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Users of collapsed bitcoin exchange Mt. At the height of its success, the platform was the largest spot bitcoin exchange in the world, claiming to handle around 80% of all global dollar trades for bitcoin. Gox creditors creates "downside risk" next month, though it would be short-lived. Gox creditors take place in July, [this] creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards," the analysts wrote. Gox creditors opted for in-kind reimbursement has to do with the tax implications.

Persons: Kiyoshi Ota, Gregory Greene, Greene, Bitcoin, Greene's, John Glover, Ledn, Glover, Gox, Alex Thorn, They'll, Roger Ver, Blockstream, Adam Back, Greg Maxwell, Bruce Fenton, Thorn, there's, There's, Luke Nolan, CoinShares, JPMorgan Organizations: Bloomberg, Getty, Mt, CNBC, bitcoin, Online, Galaxy Digital, Bitcoin, Barclays, JPMorgan Chase, Gox Locations: Gox, Illinois, bitcoin, Mt

☆ Homeless people can be ticketed for sleeping outside, Supreme Court rules
▼ + stars: | 2024-06-28 | by ( Devan Cole | John Fritze | ) edition.cnn.com time to read: +6 min

CNN —The Supreme Court ruled Friday in favor of an Oregon city that ticketed homeless people for sleeping outside, rejecting arguments that such “anti-camping” ordinances violate the Constitution’s ban on “cruel and unusual” punishment. The case centered on “anti-camping” ordinances in Grants Pass, Oregon, that were challenged by several residents experiencing homelessness. “For some people, sleeping outside is their only option.” The city, she said, “punishes them for being homeless. The ordinances barred people from sleeping in public with “bedding,” which can include sleeping bags or bundled-up clothing. In reaction to the Supreme Court’s ruling, housing rights groups came out in full force to condemn the decision.

Persons: Neil Gorsuch, It’s, ” Gorsuch, Gorsuch, ”, Sonia Sotomayor, ” Sotomayor, “, Sotomayor, Theane Evangelis, Elena Kagan, Jesse Rabinowitz, ” Gavin Newsom –, California –, Jay Cheng Organizations: CNN, ”, US Department of Housing, Urban, National Homelessness Law, National Alliance, Homelessness, Democratic Locations: Oregon, Grants Pass , Oregon, United States, California, Francisco

☆ SCOTUS seems determined to dismantle the administrative state. It will make regulating major industries tougher.
▼ + stars: | 2024-06-28 | by ( Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Then, according to Hockett, the case would be heard by an administrative court. Straight to federal court. "These two rulings largely amputate the two most important arms that our regulatory agencies use every day in overseeing our industrial economy," Hockett said. AdvertisementIn overturning the Chevron doctrine in a 6-3 decision, the high court has hamstrung federal agencies' regulatory powers. Panuccio said that he supported the decisions and called them "important checks on administrative power."

Persons: —, Elena Kagan, Robert Hockett, SCOTUS, Friday's, Hockett, John Roberts, Roberts, Jonathan Siegel, Siegel, Jarkesy, It's, Rachel Weintraub, Weintraub, Jesse Panuccio, Trump, Panuccio Organizations: Service, United States, Securities, Exchange, Business, Cornell University, Environmental Protection Agency, EPA, Chevron, Natural Resources Defense Council, SEC, George Washington University, Coalition, Sensible Locations: North America

☆ How a criminal record affects your chances of being hired
▼ + stars: | 2024-06-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

In fact, for many if not most jobs, there are no legal prohibitions on hiring those with criminal records. And when a criminal record of any kind turns up, that can kill a person’s chances, regardless of how well-qualified they may be for a position, either because an employer has a high aversion to risk or a bias against those with a record, Love said. Or the paperwork and time required to get approval for someone with a criminal record may be such that an employer simply decides to look at candidates without a record. “Sometimes people believe they are required to turn my clients down because of a criminal conviction. That law provides for eligible conviction records to be automatically “sealed,” meaning they should no longer show up on employer background checks.

Persons: Donald Trump, Trump, he’d, ”, Margaret Love, aren’t, Love, Beth Avery, Avery, Sabina Crocette, Crocette, ” Crocette, Jason Hoge, Hoge, ‘ I’m, ” Hoge, Wes Moore Organizations: New, New York CNN, Employment Opportunity Commission, of Columbia, National Employment Law, Economic, Federal Deposit Insurance Corporation, Legal, Western, Employers, Whites, New York’s, Criminal, Services, Maryland Gov Locations: New York, United States, NELP, San Francisco, California , New York, Blacks

☆ Levi’s under fire after supplier laid off hundreds of workers in Turkey
▼ + stars: | 2024-06-26 | by ( Scott Mclean | ) edition.cnn.com time to read: +10 min

Ozak Tekstil told CNN it had terminated the workers “as a last resort” when they declined an invitation to return to work. If it refused, “we will be forced to take the appropriate next steps to uphold workers’ rights,” Levi’s wrote. It did not reinstate all of the fired workers. Inside the Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023. The Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023.

Persons: “, Levi’s, LEVI, Ozak Tekstil, Zara, Hugo Boss, Guess, Ralph Lauren, Seher Gulel, Gulel, ”, Sen, Tekstil, Levi Strauss, Justin Sullivan, ” Gulel, enshrines, Sen didn’t, unionize, ” Ozak Tekstil, ” Levi’s, Scott Nova, ” Nova, “ Ozak, Carolin Westermann, Funda Bakis, CNN Bakis, Bakis, ” Bakis, Tanem Zaman, Eyad Kourdi, Brice Laine Organizations: Istanbul CNN —, ’ Association, Worker Rights Consortium, CNN, Birtek, WRC, Ozak Locations: Istanbul, Turkey, Turkey’s Sanliurfa, San Francisco , California, Sanliurfa

☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ How the War in Gaza Disrupted an Elite Private School
▼ + stars: | 2024-06-26 | by ( Katherine Rosman | ) www.nytimes.com time to read: +1 min

This spring, 30 ninth graders from a progressive private school near Greenwich Village went on a field trip. At the school, Little Red School House and Elisabeth Irwin High School, this sort of experiential learning was so routine that few parents were even notified of the destination: The People’s Forum in Midtown Manhattan, a hub for gatherings of left-wing activists. Afterward, parents were flabbergasted to learn where the students were taken, and what they were told. During their visit, a People’s Forum employee gave the students a 90-minute lecture on the perils of America’s support for Israel and Ukraine. A handful of Jewish students walked out during the presentation, upset.

Persons: Elisabeth Irwin, flabbergasted Organizations: Little Red School House, Elisabeth Irwin High School Locations: Greenwich, New York City, Midtown Manhattan, Israel, Ukraine

☆ Kenya braced for more anti-tax protests as citizens call for ‘total shutdown’
▼ + stars: | 2024-06-25 | by ( Larry Madowo | Stephanie Busari | ) edition.cnn.com time to read: +1 min

CNN —Kenya is in the grip of nationwide protests against proposed tax hikes, culminating in a planned “total shutdown” of the country on Tuesday. The demonstrations, sparked by the Finance Bill 2024, have seen citizens rally under the banner of “7 Days of Rage,” as the nation faces more days of upheaval. President William Ruto has said he wants to have dialogue with the protesters and that he is “proud” of them. Amnesty International Kenya says it is investigating the whereabouts of up to 12 people who were “abducted in the middle of night” ahead of Tuesday’s planned protests. The list includes bloggers, content creators, human rights defenders, a doctor, and a parliamentary staffer, Amnesty Kenya executive director Irũngũ Houghton told CNN.

Persons: William Ruto, Tuesday’s, Irũngũ Houghton, Joe Biden, ”, Biden, Ruto Organizations: CNN —, Finance, CNN, Kenyan, NATO, White Locations: CNN — Kenya, Kenya

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ U.S. probing China Telecom, China Mobile over internet and cloud risks, Reuters reports citing sources
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +7 min

Routing through ChinaChina Telecom, China Mobile and China Unicom have long been in Washington's crosshairs. The FCC denied China Mobile's application to provide telephone service in 2019 and revoked China Telecom and China Unicom's licenses to do the same in 2021 and 2022 respectively. It cited at least nine instances where China Telecom misrouted internet traffic through China, putting it at risk of being intercepted, manipulated or blocked from reaching its intended destination. China Telecom has previously denied the government's allegations and told U.S. agencies that routing problems are common and occur on all networks. China Telecom did not respond to requests for comment about its U.S. based PoPs.

Persons: Peter Parks, Biden, China Unicom, Doug Madory, Bill Woodcock, Alibaba Organizations: HK, China Mobile, Peter, AFP, Getty, China Telecom, Authorities, Commerce Department, China, Commerce, Embassy, Reuters, Washington, Regulators, China China Telecom, FCC, U.S, Justice Department, PoPs Locations: China Mobile, China, Beijing, United States, Washington, crosshairs, U.S

☆ 2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's new student-loan repayment plan just got dealt two blows by federal courts. The attorneys general argued that relief was unconstitutional, among other things, and requested the relief — and the plan overall — be blocked. The ruling still preserves borrowers' abilities to enroll and make payments through the plan. AdvertisementBoth of the rulings are preliminary, and while student-loan forgiveness is blocked for the time being, courts have yet to hand down their final rulings. AdvertisementStill, these two rulings are setbacks for borrowers who were hoping to benefit from the SAVE plan that the Education Department has been touting for the past year.

Persons: —, Joe Biden's, Andrew Bailey, Mike Pierce, Judge Daniel Crabtree, Kris Kobach Organizations: Service, GOP, Business, Education Department, Missouri, Department of Education, Department, Protection Locations: Kansas, Missouri

☆ Boys Are Struggling. Male Kindergarten Teachers Are Here to Help.
▼ + stars: | 2024-06-23 | by ( Claire Cain Miller | ) www.nytimes.com time to read: +13 min

Male Kindergarten Teachers Are Here to Help. Many studies show that older boys benefit from having male teachers. There hasn’t been as much research on the youngest students and their teachers — in large part because there are so few male teachers in early education to begin with. Social-emotional learning has given them vocabulary to express their feelings, said Greg Smedley-Warren, 45, a kindergarten teacher in Nashville. “It’s like unlocking a new market of potential educators.”The male kindergarten teachers said that from their perspective, the fulfillment of the job generally outweighed the negatives.

Persons: Greg Smedley, Warren, ” Brycial Williams, Ark, “, ” Dwayne Taylor, hasn’t, Thomas S, behaviorally, ”, Kevin Clifford, Richard V, Reeves, Clifford, Dwayne Taylor, Pedro Romanelli, Dallas Dwayne Taylor, aren’t, “ They’re, they’re, ” Keith Heyward Jr, ” Mr, Heyward, ” “, ’ ” Keith Heyward Jr, Mr, Nashville Dwayne Taylor, Howard Braden, Howard, Braden, Taylor, Daniel Saenz, Jeffrey Towle, Towle, ’ ”, ” Jeffrey Towle, “ It’s, Riley Lyons, David Feldman, Colin Sharkey, Lyons, Atlanta David Feldman, Saenz Organizations: Stanford, Dallas Research, Black, Army, Association of American Educators, Atlanta Locations: Nashville, Wynne, Frontenac, Kan, Yonkers, “, United, Dallas, Charleston, S.C, Warren, Ocala, Fla, Midlothian , Texas, Long Beach, Calif, Atlanta, St . Petersburg, St, Petersburg

☆ 3 Columbia Deans Placed on Leave Over Conduct at Antisemitism Panel
▼ + stars: | 2024-06-22 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

Columbia University placed three administrators on leave this week while the school investigated their conduct at an alumni panel discussion on antisemitism last month, according to a university spokesman. The administrators were placed on leave after leaked images emerged last week showing the trio sharing disparaging text messages during the event. The panel, which focused on Jewish life on campus amid tensions over Israel’s war in Gaza, occurred during a Columbia College reunion on May 31. Ms. Chang-Kim also exchanged texts during the event with Josef Sorett, the dean of Columbia College, according to The Free Beacon. In one exchange, Mr. Sorett texted “LMAO,” for “laughing my ass off,” in response to a sarcastic message Ms. Chang-Kim had written about Brian Cohen, the executive director of Columbia/Barnard Hillel, according to The Free Beacon.

Persons: Susan Chang, Kim, Cristen Kromm, Matthew Patashnick, . Chang, Josef Sorett, Sorett, Chang, Brian Cohen, Barnard Hillel Organizations: Columbia University, Columbia College, The Washington Free Beacon, The, Columbia Locations: Gaza

☆ Stay safe while hiking in the heat by following this advice from experts
▼ + stars: | 2024-06-22 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +6 min

Earlier in June, a young couple was rescued on a hiking trail in the California desert after running out of water and becoming dehydrated. Prepare for a hot hike ahead of timeWhether it’s hot or cool, you should be in reasonable shape before tackling any hike. You can do so by taking short, easy hikes in warm weather, progressing up to longer, more difficult hikes in hot weather. You should carry plenty of water when hiking no matter the season, but especially during hot weather. When in doubt, turn around“If you start your hike and think it’s too hot, it’s too hot,” Martinez said.

Persons: Dr, Floris Wardenaar, ” Wardenaar, ” Martinez, ”, Teresa Ana Martinez, Abe Christian, ” Christian, Martinez, you’re, ‘ I’ve, ’ ” Melanie Radzicki McManus Organizations: CNN, KTLA, Big, Arizona State University, Coalition, FG, Florida Trail Association, Skin Cancer, CNN’s Locations: California, Los Angeles, Texas, Gulch, Phoenix, Mexico, Canada, New Mexico, Florida, Fort Pickens, “

☆ Russia’s shifting tactics put unprecedented pressure on Ukraine’s already hobbled power system
▼ + stars: | 2024-06-22 | by ( Clare Sebastian | Olga Voitovych | ) edition.cnn.com time to read: +10 min

“We are doing our best,” Deputy Energy Minister Svitlana Grynchuk told CNN. “I installed them so that my family would not feel uncomfortable when there is no electricity,” he told CNN. The company told CNN it’s also halted the use of air conditioning in administrative buildings, and turned off outdoor lighting. The G7, having already spent $3bn to date to support Ukraine’s energy sector, just announced another $1bn in funding in early June. Ukraine’s energy ministry says it has been building concrete shelters to protect some energy equipment from attacks.

Persons: CNN — Kateryna Serzhan, “, Keen, Ukrenergo, Volodymyr Zelensky, ”, …, Dmytro Sakharuk, DTEK, Thomas Peter, Yan Dobronosov, Svitlana Grynchuk, Denis Shmyhal, Serzhan, CNN it’s, Stepanov, Valentyn Ogirenko, Marta Trush, Igor Piddubnyi, Piddubnyi, ” CNN’s Clare Sebastian, Olga Voitovych, Svitlana Vlasova, Daria Tarasova, Markina Organizations: CNN, Reuters, Getty, Energy, Kyiv region’s, Ukraine’s, Companies, Railways, Kyiv School of Economics, “, National Bank of, Patriot, White House Locations: Kyiv, Ukraine, –, Moscow, Russia, Berlin, Russian, Europe, AFP, National Bank of Ukraine, “ Ukraine, Romania, London

☆ Denied the 'right to hug': In many U.S. jails, video calls are the only way detainees can see loved ones
▼ + stars: | 2024-06-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dan_Headshot.Jpg | Dan Slepian | ) www.nbcnews.com time to read: +13 min

Reekila Harris-Dudley during a video call with her family at Genesee County Jail in Flint, Mich., on June 10. In recent years, hundreds of jurisdictions around the United States have eliminated in-person visits, making a video screen the only way detainees can see their loved ones. The financial allure of video visitation was clear to local officials when the technology was first introduced in Genesee County a decade ago. In Genesee County, video calls are free — if the “visitor” travels to the jail and uses a screen there. The video visitation scheduling kiosk at Genesee County Jail in Flint, Mich., on June 10.

Persons: Reekila Harris, Dudley, “, Harris, Dudley couldn’t, Lester Holt, Alec Karakatsanis, ”, Brenda, Phillip Dudley, Brenda Dudley, When’s, ’ ”, I’m, ” Reekila Harris, —, Wanda Bertram, Bianca Tylek, Julie Poehlmann, “ Young, ” Poehlmann, Karakatsanis, they’re, ViaPath, Securus, Chris Swanson, Swanson, Holt, Swanson —, ” Swanson, George Floyd’s, “ We’re, Kenzi Abou Organizations: NBC, Mastercard, ” Private, Technologies, NBC News, Genesee County’s, ViaPath, Initiative, PPI, Worth, U.S . “, University of Wisconsin, Michigan, “, Genesee, Genesee County Sheriff's, St, Karakatsanis Locations: Genesee, Flint , Michigan, America, Genesee County, Flint, Mich, United States, “, Genesee County Jail, Michigan, Travis, Texas, U.S, Madison, Clair County

☆ Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial
▼ + stars: | 2024-06-20 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +3 min

Gilead 's experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. The results bring Gilead one step closer to introducing a new form of pre-exposure prophylaxis, or PrEP, and broadening its HIV business. If those results are positive, the company could bring lenacapavir for PrEP to market as soon as late 2025. RBC Capital Markets analyst Brian Abrahams expects Gilead's shot will significantly increase the number of people interested in preventive HIV medicine. In its statement disclosing the lenacapavir trial results Thursday, Gilead said it plans to share an update on how it plans to address access in such countries where people suffer high incidence rates of HIV.

Persons: Gilead, Jared Baeten, Gilead's Truvada, Bruce Richman, Tim Oliver, they'd, Brian Abrahams, Gilead's, — CNBC's Leanne Miller Organizations: Food and Drug Administration, PrEP, Centers for Disease Control, Prevention, Health, FDA, RBC Capital Locations: U.S, New York

☆ Democrats’ Dream of a Wealth Tax Is Alive. For Now.
▼ + stars: | 2024-06-20 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

For years, liberal Democrats have agitated for the United States to tax wealth, not just income, as a way to ensure that rich Americans who derive wealth from real estate, stocks, bonds and other assets were paying more in taxes. On Thursday, that dream survived a Supreme Court scare, but just barely. The idea of a wealth tax was not directly before the court on Thursday. Justices were considering the constitutionality of a new tax imposed under former President Donald J. Trump that applies to certain income earned by businesses overseas. But in taking the case, the court could have pre-emptively ruled federal wealth taxation unconstitutional.

Persons: Donald J, Trump, “, Amy Hanauer, ” Organizations: Taxation, Economic Locations: United States

☆ Denver gave people experiencing homelessness $1,000 a month. A year later, nearly half of participants had housing.
▼ + stars: | 2024-06-19 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

That changed when Laws enrolled in The Denver Basic Income Project. Denver's basic income project helped participants secure housing and jobsDenver's report found that basic income primarily helped participants pay for immediate expenses — like transportation, hygiene, clothes, and groceries. Basic income puts low-income families on "an equal playing field," Nick Pacheco, participant engagement coordinator, said at a press conference. AdvertisementIndividuals who received the lump sum or $1,000 a month payments were more likely to find a stable, full-time job than before they received basic income. Basic income pilots can provide poverty solutionsAs the basic income pilot continues to be successful in cities like Denver, local leaders and economic security experts are looking to translate pilots into policy.

Persons: —, Laws, Mark Donovan, Nick Pacheco, Pacheco, Moriah Rodriguez, Rodriguez, Dia Broncucia, Justin Searls, Searls, Broncucia, Teri Olle, Donovan, he's, wouldn't Organizations: Service, Business, The, Income, Denver, Colorado Trust, SNAP, Denver Public Schools, Social, Economic Security Locations: Denver, The Denver, Colorado, California, New Mexico, Economic Security California, It's

☆ Putin and Kim Jong Un's relationship is a marriage of convenience: Here's how it works
▼ + stars: | 2024-06-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

In this pool photograph distributed by the Russian state agency Sputnik, North Korea's leader Kim Jong Un (R) and Russian President Vladimir Putin meet in Pyongyang, early on June 19, 2024. What can North Korea get from Putin? In return, Russia is likely providing North Korea with food, fuel and military technology for its satellites and submarines, analysts say. Russian President Vladimir Putin is arriving to North Korea with a two-day visit. As such, North Korea offers Russia another source of military hardware.

Persons: Kim Jong Un, Vladimir Putin, Anthony Wallace, Vladimir Putin's, Kim Jong, Putin, KCNA, Kim, Putin's, —, Gavriil Grigorov, Rodger Baker, James Brady, Victor Cha, Pyongyang's, Putinon, Brady, Cha, Putin hasn't Organizations: Pyongyang Sunan International Airport, Afp, Getty, North, Sputnik, Applied, CNBC, North Koreans, Putin, . Workers, Center for Strategic, International Studies Locations: Pyongyang, Seoul, Korean, North Korea, Russia, North, Koreans, Russian, Ukrainian, Moscow, Ukraine, Korea, China, USSR

☆ Opinion: America needs a paradigm shift in how we respond to extreme heat
▼ + stars: | 2024-06-18 | by ( Opinion Mark Wolfe | ) edition.cnn.com time to read: +5 min

Editor’s Note: Mark Wolfe is an energy economist and serves as the executive director of the National Energy Assistance Directors Association, representing the state directors of the Low Income Home Energy Assistance Program and co-director of the Center on Climate, Energy and Poverty. Triple-digit temperatures have hit the western states, with the Northeast, Midwest and Great Lakes regions expected to see extreme heat waves this week. Weather-related deaths from extreme heat are more common than from those from hurricanes, floods, extreme cold and other natural disasters. According to the US Centers for Disease Control and Prevention, about 1,220 people die from extreme heat every year. During periods of extreme heat, cooling is not just a luxury that provides comfort, but a necessary measure that helps families across all income brackets, and especially low-income families, stay safe.

Persons: Mark Wolfe, That’s Organizations: National Energy Assistance, Association, Income, Energy Assistance Program, Energy, CNN, Triple, US Centers for Disease Control, Center for Energy, US Energy Information Administration, Low Income, Energy Assistance, Twitter, Facebook, Federal Locations: United States, Midwest, Great, Washington, Connecticut

Mayor Eric Adams said in a statement that he would activate the city’s heat emergency plan starting on Tuesday. “The first heat wave of the season is here, and New York City has a plan to beat the heat — but we want all New Yorkers to have a plan as well,” Mr. Adams said. The city’s Heat Vulnerability Index — an effort spearheaded by the health department in conjunction with Columbia University — analyzes the neighborhoods that face the most danger during a heat wave. If everybody’s doing it, you’re multiplying it by millions.”Are heat waves in New York City becoming more common? The only heat wave to hit New York City last year happened in September, said David Stark, a meteorologist with the National Weather Service of New York.

Persons: Eric Adams, “, Mr, Adams, Ashwin Vasan, Anna Watts, Sandee, Columbia University —, Brian Ourien, ” Mr, Ourien, Zach Iscol, Vasan, ”, Con Ed, Brittainy Newman, Patrick McHugh, Con Ed ., McHugh, David Stark, Elijah Hutchinson, Hutchinson Organizations: Fire Department, National Weather Service, The New York Times, “, New York Public Library, Columbia University, Department of Health, Human Services, Bowery, Emergency Management, Workers, Con, New, New York City, Environmental Locations: New York City, New York, New, York, Bronx , Brooklyn, Queens, Mott Haven, Fordham, Jamaica, Hollis, St, Albans, In Brooklyn, Brownsville , East Flatbush, East New York

☆ U.S. crude oil holds above $80 per barrel after starting week with strong gains
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil held above $80 per barrel on Tuesday, after starting the week with strong gains. In a note to clients, Bob Yawger, executive director of energy futures at Mizuho Securities, cautioned that the rally in energy prices may largely be speculators covering short positions. Yesterday was the exception that proved the rule," Tamas Varga, an analyst with oil broker PVM, wrote in a note Tuesday. Oil prices had recently declined partly because of a decision by OPEC+ members to start rolling barrels back onto the market in the fourth quarter. Now oil is rising as analysts see the market tightening in the third quarter on expectations that summer fuel demand will draw down inventories.

Persons: Bob Yawger, Tamas Varga, PVM, Ryan McKay Organizations: West Texas, Oil, Mizuho Securities, TD Securities Locations: China, OPEC

☆ Trump's ex-national security advisor wants to restart US nuke testing. Nuclear experts warn that's not a good idea.
▼ + stars: | 2024-06-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewDonald Trump's former White House national security advisor is arguing that a second term in office should involve restarting US nuclear testing for the first time in over 30 years. No one wins a nuclear arms race, he said. Kimball called out the difference between O'Brien's argument for the resumption of nuclear testing with the Biden administration's current policy, which remains dedicated to the status quo. "Resuming nuclear testing would reduce US technical superiority over Russia and China because they would immediately follow and have much more to learn," he said. O'Brien's push for resumed testing shouldn't necessarily come as a surprise.

Persons: —, Donald Trump's, That's, Robert O'Brien, Trump, O'Brien, Jon B, Obama, Donald Trump, Xi Jinping, Brendan Smialowski, Wolfsthal, Daryl Kimball, Strangelove, Kimball, Biden, Joe Biden's, Jake Sullivan, We've, Maxim Zmeyev, Jeffrey Lewis, Hans Kristensen, John Bolton Organizations: Service, White House, Business, Foreign Affairs, United, Russian, Getty, US, Arms Control, Joe Biden's National, Middlebury Institute of International Studies, Federation of American, US State Department Locations: Russia, China, United States, Washington, US, AFP, PRC, People's Republic of China, Moscow, Monterey

☆ See inside a $300 million Gilded Age mansion built for heirs who died on the Titanic that sat abandoned for years
▼ + stars: | 2024-06-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTucked away in a quiet suburb of Elkins Park, Pennsylvania, lies Lynnewood Hall, a more-than-century-old mansion that its owner once referred to as "The Last American Versailles." He intended Lynnewood Hall to be a residence for him, his two sons, and their families. Lynnewood Hall was later inherited by his surviving son, Joseph, who was married and had two children. In June 2023, the Lynnewood Hall Preservation Foundation purchased the estate from Yoon for more than $9 million.

Persons: —, Peter A, Widener's, George, Eleanor, Harry, Widener, Lynnewood, Joseph, Richard S, Yoon, Leland Kent, Edward Thome Organizations: Service, Widener, Business, Korean, of, First Korean, Preservation Foundation Locations: Elkins Park , Pennsylvania, American Versailles, Europe, of New York

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