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The manner of his death remained under investigation, awaiting further test results, the department said in an statement. The large, slopping area below the crest of Mount Baldy is a popular destination for skiers, climbers and backpackers. But authorities warned then that heavy snow from weeks of winter storms had made the area treacherous for outdoor recreation. Several subsequent searches came up empty-handed, including a major sweep conducted days before Sands' remains were ultimately found in the Mount Baldy wilderness area, according to the sheriff's department. Cellphone signals detected on Sunday, Jan. 15, had showed Sands headed toward the ridge of Mount Baldy, apparently the last indication he was still on the move, the sheriff's department reported then.
Persons: Julian Sands, David W Cerny, Sands, Mount, Julian, Rob Lowe's, Helena Bonham Carter, Satan, Helena, Harold Pinter, John Keats, Percy Shelley, Oscar, Jodie Foster, Arianna Huffington, Evgenia, Sarah Harvey, Steve Gorman, Dan Whitcomb, Tim Ahmann, Diane Craft, Lisa Shumaker Organizations: REUTERS, San, Guardian, Lord Wandsworth College, Oxford, Academy, Thomson Locations: Boletice, Czech Republic, Southern California, San Bernardino County, Baldy, San Gabriel, Los Angeles, Mount Baldy, Sands, England, Hampshire, Cambodia, California, Italy, Las Vegas
Compounding the dangerous effects of the heat wave will be abnormally warm overnight temperatures that will provide little to no relief from the heat, the prediction center said. The heat wave is expected to get worse before it gets better, with no relief in sight before early next week. In the meantime, more than 90 record high temperatures could be broken this week from Texas to Missouri to Florida. The state has been experiencing the heat wave for more than two weeks. Eric Gay/APTemperature records already brokenThe intensifying heat wave has already brought record-breaking temperatures to Texas.
Persons: Wesley Hopkins, , Eric Gay, Del, Rodrigo Pineda, Jose Balino, Dorsey, Kaylee Greenlee Beal Organizations: CNN, National Weather Service, Austin EMS, The Texas Department of State Health Services, Dallas, ” New, Del Rio, Central Locations: Arizona, Florida, Dallas , New Orleans, Baton Rouge , Louisiana, New Mexico, Texas, Plains, Missouri, Shreveport, Austin , Texas, New Orleans, Louisiana, Mississippi, ” New Orleans, Albuquerque, San Antonio, San Angelo, Del Rio, Angelo, Eagle Pass , Texas, Southern Plains
Heat dome, explained
  + stars: | 2023-06-26 | by ( Jennifer Gray | ) edition.cnn.com   time to read: +4 min
CNN —Summer is notorious for producing punishing heat waves, often referred to as heat domes. Most heat records are set within a heat dome. Sanjeev Verma/Hindustan Times/Getty Images• Chicago, 1995: More than 700 people died in the metro area as a heat dome settled over the Midwest. This new all-time high temperature broke the record set two days earlier at 113 during an unusually strong heat dome for the month of June. • Siberia set dozens of records in June as temperatures climbed above 100 degrees during a heat dome that formed especially far north.
Persons: Sanjeev Verma, Ian Waldie, Del, , Tuong Duong, Maximiliano Herrera Organizations: CNN, Hospital, Hindustan Times, Environment, Central America, Nature Communications, • Shanghai Locations: Europe, France, • India, Delhi, New Delhi, India, Chicago, Afghanistan, Papua New Guinea, Central, Guatemala, Honduras, Nicaragua, Trafalgar, London, South Texas, Del Rio, Vietnam’s, Tuong, Thailand, Bangkok, Siberia
Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.
Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North
As they got to know one another — “It was a little awkward because I’d been looking at him for six months,” Mr. Bittar said — Mr. Bittar explained that he was a single father. Mr. Bittar, who is gregarious and vocal, grew up in Bay Ridge, Brooklyn. His father, Robert Bittar, is of Syrian descent and his late mother, Helen Bittar, was of Irish-Catholic descent; both were professors. Mr. Bittar began selling jewelry on the streets of downtown Manhattan as a scrappy teenager. “The differences are so obvious it’s kind of ridiculous,” said Todd Parmley, a software company executive who has known Mr. Bittar for more than two decades.
Persons: Miner, Charlie, ” Mr, Bittar, Mr, , , Robert Bittar, Helen Bittar, Charles Miner III, Claire Miner, , Todd Parmley Organizations: East, Bucknell University Locations: Bay Ridge , Brooklyn, Manhattan, Connecticut, Darien, Fairfield
Russian troops have spent the past several months constructing intricate fortifications in Ukraine. Ukrainian troops now have the tough task of fighting their way through those trenches and barriers. Current Russian fortification doctrine has seen "little methodological change" since the Cold War, according to the RUSI report. BEN STANSALL/AFP via Getty ImagesClearing minefields is difficult because Russian mines have multiple triggers and anti-tampering devices. In addition, Russia did not sign the 1997 Ottawa Treaty banning anti-personnel mines, which has allowed its forces to "freely utilize victim-initiated" anti-personnel mines, RUSI said.
Persons: , Doce, BEN STANSALL, Ukraine isn't, Dominika Zarzycka, RUSI, Obama, Trump, Biden, Michael Peck Organizations: Service, Red Army, Britain's Royal United Services Institute, Technologies, Russian, REUTERS, Bradley, Getty, US, Pentagon, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Stalingrad, Velyka Blahovischenka, Kherson Oblast, Russia, Luhansk, Crimea, Posad, Kherson, Ukrainian, England, AFP, Russian, Finland, Nemishaieve, Bucha, Ottawa, North, South Korea, Forbes
The target crusts contain copper, zinc and cobalt, as well as some rare-earth elements, according to the Norwegian Petroleum Directorate. A seabed nodule obtained during a Norwegian Petroleum Directorate expedition to the Mohns Ridge in the Norwegian Sea in 2020. Currently, deep-sea mining in international waters isn’t yet legal, but it is expected to become so this year. “To forge ahead and unleash deep-sea mining in the Arctic would be criminal. Companies including Maersk and Lockheed Martin have also been divesting their deep-sea mining investments.
Persons: , Terje Aasland, Aasland, Nag, Louisa Casson, Lockheed Martin, Yusuf Khan Organizations: Sustainable Business, Clarion, Minerals, Norwegian Petroleum Directorate, Norway’s, Petroleum, Energy, NPD, International, Companies, Mining, Greenpeace International, Maersk, Lockheed Locations: Norwegian, Europe, Zone, Mexico, Hawaii, Norway, Jamaica, France, Germany, Clarion, yusuf.khan
The target crusts contain copper, zinc and cobalt, as well as some rare-earth elements, according to the Norwegian Petroleum Directorate. A seabed nodule obtained during a Norwegian Petroleum Directorate expedition to the Mohns Ridge in the Norwegian Sea in 2020. Currently, deep-sea mining in international waters isn’t yet legal, but it is expected to become so this year. “To forge ahead and unleash deep-sea mining in the Arctic would be criminal. Companies including Maersk and Lockheed Martin have also been divesting their deep-sea mining investments.
Persons: , Terje Aasland, Aasland, Nag, Louisa Casson, Lockheed Martin, Yusuf Khan Organizations: Sustainable Business, Clarion, Minerals, Norwegian Petroleum Directorate, Norway’s, Petroleum, Energy, NPD, International, Companies, Mining, Greenpeace International, Maersk, Lockheed Locations: Norwegian, Europe, Zone, Mexico, Hawaii, Norway, Jamaica, France, Germany, Clarion, yusuf.khan
June 20 (Reuters) - Hewlett Packard Enterprise Co (HPE) (HPE.N) on Tuesday said that it is rolling out a cloud computing service designed to power artificial intelligence systems similar to ChatGPT. That shift toward AI is shaking up the cloud computing market because data centers must be built very differently to handle such work. In a typical cloud computing data center, software is used to chop up a single physical server into many smaller "virtual" machines that can then be rented out to customers. But data centers for artificial intelligence take an opposite approach. Justin Hotard, executive vice president and general manager of HPE's high-performance computing and artificial intelligence unit, said the company will use its experience in supercomputers to offer a service specifically for what are called large language models, the technology behind services like ChatGPT.
Persons: HPE, Justin Hotard, Hotard, Stephen Nellis, Franklin Paul Organizations: Hewlett Packard Enterprise Co, Microsoft Corp, Google, Frontier, National Laboratory, Franklin Paul Our, Thomson Locations: North America, Europe, United States, San Francisco
2023 Is the Year of the Long Walk
  + stars: | 2023-06-19 | by ( Erin Vivid Riley | ) www.nytimes.com   time to read: +1 min
The Berkshires, in western Massachusetts, have long encouraged contemplative walking. Now, a new long-distance path, the High Road, will provide a slow-paced, inn-to-inn experience that will eventually traverse the entire region. Behind the effort is the Berkshire Natural Resources Council, which is using existing preserves as footholds for the route. Along with providing easy access to pristine wilderness, the High Road will showcase the region’s cultural highlights, allowing walkers to incorporate afternoons at destinations like Tanglewood and Jacob’s Pillow. The Berkshire Natural Resources Council has a trail map of the High Road’s first section on its website.
Persons: They’re, Edith Wharton, Herman Melville Organizations: Berkshire Natural Resources Council, Berkshire Natural Resources, Berkshire Camino Locations: Massachusetts, Pittsfield, New England, Lenox, Greylock, Berkshire County, Palmer, Great Barrington, Berkshire, Tanglewood
WASHINGTON, June 16 (Reuters) - The U.S. Department of Energy got ransom requests from the Russia-linked extortion group Cl0p at both its nuclear waste facility and the scientific education facilities that were recently hit in a global hacking campaign, a spokesperson said on Friday. Data was "compromised" at two entities within the DOE when hackers gained access through a security flaw in MOVEit Transfer. The requests came in emails to each facility, said the spokesperson, who did not say how much money was requested. "The two entities that received them did not engage," with Cl0p and there was no indication that the ransom requests were withdrawn, the spokesperson said. Cl0p has said it would not exploit any data taken from government agencies, and that it had erased all such data.
Persons: CISA, Cl0p, Allan Liska, cl0p, Liska, Timothy Gardner, Raphael Satter, Leslie Adler, Daniel Wallis Organizations: U.S . Department of Energy, DOE, Associated Universities, U.S, Cybsecurity, Infrastructure Security Agency, Thomson Locations: Russia, New Mexico, Washington
Luciano Spalletti and the Power of Walking Away
  + stars: | 2023-06-16 | by ( Rory Smith | ) www.nytimes.com   time to read: +1 min
Luciano Spalletti’s farm sits high on a ridge outside Montaione, a peaceful, strikingly pretty Italian village set on a hilltop an hour or so southwest of Florence. It is picture-perfect Tuscany: cobbled piazzas lined with cafes; echoing, cobbled streets; a panorama of deep blue skies and verdant olive groves on rolling hills. The stretch of the Tuscan countryside Spalletti calls home is not quite so well-touristed as, say, Chianti. But Spalletti grew up here, in the medieval walled city of Certaldo, and he saw in the farm the chance to draw more people to the region. The view stretches all the way from Pisa, in the west, to the Apennines in the east.
Persons: Luciano, Spalletti Locations: Montaione, Florence, Tuscany, Certaldo, Pisa
Soon after, geologists flew down to the crater floor to collect samples of the fresh lava. Watch as the scientists walk within inches of the lava lake as it erupts red-hot lava fountains. USGSBut fountains of red-hot lava and a giant lava lake didn't deter these scientists. Gotta cool down those lava samples before you bring them on an aircraft with you. USGSHere's an even closer look at some of those samples:These lava samples were collected from the crater ridge.
Persons: , Kīlauea Organizations: Service, Geological Survey Locations: Hawaii
BEJUCAL, Cuba, June 14 (Reuters) - Just outside the sleepy Cuban village of Bejucal, a winding track, rutted with potholes and losing ground to the jungle, ends at a barbed wire fence. The question of Chinese spying from Cuba was renewed last week following a Wall Street Journal report. China, Washington’s top geopolitical rival, on Monday denied it was using Cuba as a spy base. [1/5] A truck passes by a sign at the entrance of Bejucal, Cuba, June 12, 2023. Onelvis Despaigne, 36, a farm worker who lives just outside the base, told Reuters on Monday he had not heard the recent foreign media reports on Chinese spying.
Persons: Biden, Bejucal, Arnaldo Perez, Dave Sherwood, Perez, motioning, Marco Rubio, Havana “, Fulton Armstrong, , Armstrong, Vladimir Putin, Onelvis Despaigne, Matt Spetalnick, Adam Jourdan, Don Durfee, Bill Berkrot Organizations: Reuters, Federal Communications Commission, Communist Party, FCC, Security, Commission, ARCOS, U.S . Department of Homeland Security, Justice Department ., Guantanamo, Base, White House National Security Council, REUTERS, Cuban Missile, Soviet Union, U.S, Cuban, CIA, Thomson Locations: BEJUCAL, Cuba, Cuban, Bejucal, China, Beijing, States, Key West , Florida, U.S, United States, Justice Department . China, Havana, Soviet, Moscow, Marco Rubio of Florida, Caribbean, Taiwan Strait, South China, Russia, Ukraine, Lourdes, Washington
The channel said Monday that Ukrainian forces were trying to take higher ground to “create conditions for advancing,” and assessed that their aim was to advance toward the Russian-occupied hub of Staromlynivka. CNN cannot independently verify battlefield reports and other accounts paint a gloomier picture for Russian forces around Makarivka. Ukrainian deputy defense minister Maliar said Monday that Makarivka was one of seven villages recaptured by Ukrainian forces in the past week. Meanwhile, one of the most prominent Russian bloggers, Voenkor Kotenok, said late Monday that a senior Russian officer was killed as troops of Russia’s Fifth Army were forced to leave Makarivka. ‘Ultimate goal’In his nightly address Monday, Ukrainian President Volodymyr Zelensky said the fighting in the Donetsk-Zaporizhzhia border region is tough but Ukrainian forces are recapturing territory.
Persons: Kryvyi Rih, Oleksandr Vilkul, Hanna Maliar, Kyiv’s, Vladimir Rogov, ” Rogov, Anatolii Stepanov, , Rogov, Maliar, Makarivka, , Neskuchne, Voenkor Kotenok, Voenkor, Sergei Goryachev, Goryachev, WarGonzo, Volodymyr Zelensky, ” Zelensky, Igor Zhovkva, ” Zhovkva Organizations: CNN, Air, Saturday, Russian Telegram, , Getty, Makarivka, 127th Division, Donetsk, , Donetsk ”, Russia’s Fifth Army, Staff, Arms Army, Russian Defense Ministry, United Group of Forces, Ukrainian Ground Forces Locations: Ukraine’s, Donetsk, Russian, Ukrainian, Kryvyi, Moscow, Velyka, Ukraine, Russia, Urozhaine, Staromlynivka, Zaporizhzhia, AFP, Makarivka, , Orikhiv, Crimea
REUTERS/Carlos OsorioWINNIPEG, Manitoba, June 11 (Reuters) - The number of wildfires raging out of control across Quebec dropped on Sunday as firefighters in the Canadian province gained the upper hand in some areas, a provincial minister said on Sunday. Quebec Natural Resources Minister Maite Blanchette Vezina said told reporters that the number of out-of-control fires in the eastern province dropped to 44 from 72 on Saturday, the Canadian Broadcasting Corp reported. By Monday, around 1,200 firefighters, including more than 100 from France and some from other provinces, are expected to be battling blazes across Quebec. A federal government meteorologist forecast on Saturday that Quebec could receive light rain on Tuesday in some burning areas. "Last Wednesday, we thought we could close down our emergency control center and come Friday, that idea went out the door when the fires went out of control very drastically," said Luc Mercier, chief administrative officer for Yellowhead County.
Persons: smokey, Carlos Osorio, Maite Blanchette Vezina, Blanchette Vezina, Luc Mercier, Karley, Rod Nickel, Marguerita Choy Organizations: REUTERS, Carlos Osorio WINNIPEG, Quebec Natural Resources, Canadian Broadcasting Corp, Canadian Interagency Forest Fire, Edmonton, Wildfire Service, Thomson Locations: Ontario, Quebec, Toronto , Ontario, Canada, Carlos Osorio WINNIPEG , Manitoba, Canadian, France, New Brunswick, Alberta, Edson, Yellowhead County, Pacific, British Columbia, Tumbler, Winnipeg, Manitoba
A small handful of experts claim to have evidence that our satellite produces forces that can trigger earthquakes. The moon's effect on earthquakes was hiddenScientists have long pondered whether the moon's tides could be linked to earthquakes. And it seems that in some cases, the moon did help trigger earthquakes around the world. By digging into these datasets, a few studies have suggested a link between Earth tides and earthquakes. Rather, it is when the rock is on the very brink of collapse that the moon's small tug could push it past that final tipping point.
Persons: , Vi Nguyen, Chris Scholtz, Scholtz, Juan, Scholz, C.H, Tan, Nat Commun, Davide Zaccagnino, Zaccagnino Organizations: Service, NASA, Columbia Climate School, Pictures, NOAA, US, Nature Communications, Sapienza University of Rome Locations: Fuca, Earthquakes
BRITISH COLUMBIA/OTTAWA, June 9 (Reuters) - Wildfires spread in the western Canadian province of British Columbia on Friday, while hundreds of fires continued to burn on the other side of the country in Quebec, sending wildfire smoke billowing across North American cities. Around 2,500 people were told to evacuate the community of Tumbler Ridge in northeastern British Columbia on Thursday afternoon. Temperatures in parts of British Columbia soared to more than 30 degrees Celsius (86 Fahrenheit) this week, nearly 10 degrees above the seasonal average. [1/2] Smoke rises from a wildfire in Tumbler Ridge, British Columbia, Canada, in this screen grab taken from a video, June 8, 2023. Reporting by Nia Williams in British Columbia; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Albertans, François Legault, Nia Williams, Stephen Coates Organizations: British Columbia, BC Wildlife Service, REUTERS, Canadian Interagency Forest Fire, Thomson Locations: BRITISH COLUMBIA, OTTAWA, Canadian, British, Quebec, North, Tumbler, British Columbia, Peace, Alberta, Ridge, Canada, United States, Ottawa, Toronto , New York, Washington, Ontario, South Africa, Australia, New Zealand, U.S
Around 2,500 people were told to evacuate the community of Tumbler Ridge in northeastern British Columbia on Thursday. A video distributed by the British Columbia fire service showed deserted streets in Tumbler Ridge, while nearby forests were ablaze. Smoke rises from a wildfire in Tumbler Ridge, British Columbia, Canada, in this screen grab taken from a video, June 8, 2023. Temperatures in parts of British Columbia soared to more than 30 Celsius (86 Fahrenheit) this week, nearly 10 C above the seasonal average. Additional reporting by Ismail Shakil in Ottawa, Nia Williams in British Columbia and Allison Lampert in Montreal; Editing by Stephen Coates, Jane Merriman, Chris Reese and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Darcy Dober, Maite Blanchette Vezina, Gerald Cheng, Hicham Ayoun, Ismail Shakil, Nia Williams, Allison Lampert, Stephen Coates, Jane Merriman, Chris Reese, Frances Kerry Organizations: OTTAWA, British Columbia, Canadian Interagency Forest Fire, Canadian Broadcasting Corp, BC Wildlife Service, REUTERS, Environment, Transport Canada, Thomson Locations: Canadian, British, Quebec, North, Canada, Tumbler, British Columbia, Dawson Creek, Ridge, Ontario, Environment Canada, Alberta, Ottawa, Toronto , New York, Washington, New York, Montreal
CNN —US F-16 fighter jets caused a sonic boom across the Washington, DC, region Sunday as they scrambled to reach an unresponsive aircraft that ultimately crashed in Virginia, officials said. The civilian aircraft, a Cessna 560 Citation V, was intercepted by the NORAD jets around 3:20 p.m. and ultimately crashed near the George Washington National Forest in Virginia. “The pilot was unresponsive and the Cessna subsequently crashed near the George Washington National Forest, Virginia,” the release said. The aircraft crashed into a mountainous terrain in a “sparsely populated area”, according to FAA. “This afternoon, our officials were working closely with our federal partners to monitor an unresponsive pilot who was flying an airplane near the National Capital Region.
Persons: , Joe Biden, Biden, Anthony Guglielmi Organizations: CNN, Federal Aviation Administration, Continental US, American Aerospace Defense Command, Cessna, NORAD, George Washington National Forest, George Washington National, “ NORAD, Virginia State Police, State, National Transportation Safety, Twitter, National Capital, DC Homeland Security, Emergency Management, FAA, Elizabethton Municipal, MacArthur, Capitol Hill, US Capitol Police, The U.S, Capitol, Service, Andrews Air Force Base, Andrews, White Locations: Washington, DC, Virginia, George Washington National Forest , Virginia, Staunton, Blue, Virginia Sunday, Elizabethton , Tennessee, New York, The, Maryland
On a Thursday evening in Bay Ridge, Brooklyn, about 250 Muslims gathered in a halal Italian restaurant for a singles dating event. Some of them shied away from cameras, citing privacy concerns, while others said they were afraid of appearing “desperate.”The event was hosted by Muzz, a Muslim dating app based in London, with eight million users worldwide, according to the company. Prayer mats were set up in an outdoor dining tent for Maghreb, the fourth of five daily prayers for Muslims. Inside the restaurant, tables and chairs were cleared to make space for the mingling guests, and platters of hummus, chicken kebab wraps and Mediterranean salad were being served. ‌Topics of conversation included halal Thai food in New York (“Top Thai — we should go check it out,” one person said to another) and the difficulty of meeting new people while working remotely.
Organizations: Muzz Locations: Bay Ridge, Brooklyn, London, Maghreb, New York
In a pinch, this DIY fallout shelter would be better than an above-ground building, an expert said. Turns out, if a nuclear attack is imminent, you can build your own DIY fallout shelter for relatively cheap. Equipment you'll need for a DIY fallout shelterPhoto taken in 1961 of a 77-year-old man who built his own fallout shelter in his backyard. How to build a DIY fallout shelter for cheap in 6 stepsFirst, scout out a location for your fallout shelter. How this DIY fallout shelter would protect youSoil is a great shield from radioactive fallout.
Persons: , Michael Ochs, Stringer, Cresson H, it's, Sun, bomba, Alex Wellerstein, MAXIM ZHURAVLEV Organizations: Service, Michael Ochs Archives, National Laboratory, Laboratory, Getty, University of Nevada, United States National Locations: Oak, Kearny, Nes, Las Vegas
CNN —Gelje Sherpa was on his way to the top of the world’s highest mountain when he spotted the climber clinging to the rope. The climber, from Malaysia, had “nothing” and was “about to die,” the 30-year-old Nepali mountain guide told CNN’s Anderson Cooper in an interview Thursday. The sherpa has previously carried out more than 55 rescues, some very long operations, but said this was the “hardest in my life.”Ngima Tashi Sherpa carries a Malaysian climber from the death zone at Mount Everest on May 18, 2023. In recent years, as death tolls have risen on the mountain, climbers and experts have also warned of the dangers of overcrowding. Nepal issued permits for a record 478 climbers for this season’s expeditions to Everest, according to the department’s data.
Persons: CNN — Gelje, CNN’s Anderson Cooper, , , Gelje, , ” Gelje, ” Ngima Tashi Sherpa, Bigyan Koirala, There’s, Yubaraj, ” Koirala Organizations: CNN, Reuters, sherpa, Everest, Nepal’s Tourism Department Locations: Mount Everest, Malaysia, Malaysian, Everest, Nepal, Pakistan
Much has been written about “good enough” marriages, but what of “good enough” houses in “I guess we have to live somewhere” neighborhoods? This is the story of a family who began with low expectations and then fell in love. In 2016, Amanda and Alain de Beaufort were renting an apartment with a garden in Sunset Park, Brooklyn, where they had access to a new school with a Spanish/English program for their two children. Then one day, their landlord sold the building for cash and gave them a month to pack up and move out. “OK, we’ll just buy something in Sunset Park,” Ms. de Beaufort, 46, recalled saying, before making the cruel discovery that no affordable properties remained in the neighborhood.
Persons: Amanda, Alain de Beaufort, de Beaufort, Ms Locations: , Sunset Park , Brooklyn, Colombia, Sunset Park, Bay Ridge , Brooklyn, Westchester County
The state of New Jersey offers a unique program that allows startups in the state to sell those losses for cash. To date, TrueFort has pulled in $20 million through a New Jersey program for startups. Those companies can then deduct those losses from their taxable income, cutting the amount of money they pay in taxes. The NOL program is especially popular among biotech businesses like Lisata, which are characterized by large R&D expenses and unpredictable paths to profitability. The NOL program is part of a suite of programs designed to support New Jersey startups.
Persons: Sameer Mahorta, TrueFort, Malhorta, David Mazzo, Mazzo, Lisata, Mahorta Organizations: Partners, Shasta Ventures, New, New Jersey Economic Development Authority, state's Technology, Bank of America, NOL, Garden State Locations: New Jersey, Weehawken, Silicon, Garden
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