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Long viewed as an intriguing, if somewhat wonky, approach to conducting elections, ranked-choice voting — allowing voters to list candidates in order of preference instead of selecting just one — appears to be having a moment. Across the country, voters have adopted the system for municipal and county elections in each of the last 27 times the issue has been put to them. Nevada and Oregon — and perhaps Colorado and Idaho as well — will hold referendums on adopting the system this fall. Critics call the system confusing and even undemocratic, since candidates who initially get the most first-place votes don’t always win in the end. But just how popular ranked-choice voting is may depend on the group that has most often waged tooth-and-claw battles against it: conservatives, and in particular Republican political figures, who have ideological and practical reasons to oppose the system.
Persons: Long, don’t Organizations: Republican Locations: Nevada, Oregon, Colorado, Idaho, Maine, Alaska
BRUSSELS (AP) — European Union lawmakers called on Thursday for an independent investigation into allegations of vote-rigging in Serbia and demanded that EU funds be cut off if the authorities in Belgrade fail to cooperate with the inquiry or are found to be implicated in election irregularities. The governing Serbian Progressive party of populist Serbian President Aleksandar Vučić won the Dec. 17 parliamentary and municipal elections, securing 129 seats in the 250-seat assembly. The opposition Serbia Against Violence coalition finished a distant second with 65 seats. The resolution has angered Serbian Prime Minister Ana Brnabić. Vučić’s ties to Russian President Vladimir Putin and his failure to enforce EU sanctions on Moscow have dismayed many.
Persons: Aleksandar Vučić, watchdogs, , , Ana Brnabić, ” Brnabić, Vladimir Putin, ___ Dusan Stojanovic Organizations: , Union, Serbian Progressive, Serbian, Violence, Organization for Security, Cooperation, Parliamentary, of Europe, Serbia’s National Assembly Locations: BRUSSELS, Serbia, Belgrade, Europe, Strasbourg, France, Moscow
Americans are moving to Puerto Rico for the climate, adventure, and tax breaks. Newcomers to Puerto Rico told Business Insider they've had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture. From 2021 through 2022, about 27,000 people moved to Puerto Rico from the US states, according to data collected by the US Census Bureau. Lindsey noted that if somebody expressed interest in moving to Puerto Rico, she would first ask them about their health. "You must understand that in Puerto Rico, it's going to be a little laid back," he said.
Persons: , they've, it's, Ricky Santana, Santana, Jessica Peterson, Sarah Lindsey, Sean Flynn, Hurricane Maria, Lindsey, Flynn, Kimberly Sue Walker Organizations: Service, Puerto Rico, Colectivo, US Census Bureau, Puerto Ricans, Getty, Hurricane, Collectivo Locations: Puerto Rico, Puerto, Caribbean, Miami, Dorado, San Juan, San Juan ., Humacao , Puerto Rico, Austin, New York, American, Dorado , Puerto Rico
Up to 450,000 people are expected to be in Vegas by Super Bowl weekend, and this influx of people has caused the city's hotel prices to surge. When big events come to town, whether it be the Super Bowl or Taylor Swift's Eras Tour , cities tend to get an economic boost . These economic impacts don't stop at cities' boundaries: surrounding areas like Boulder City could see an uptick in visitors and spending as well. He expects a similar — if not bigger impact — during Super Bowl week. An individual familiar with the airport's operations told the Las Vegas Review-Journal in a late January story that the airport's bookings around Super Bowl weekend were almost full to capacity.
Persons: , Christina Bennett, Rob Loredo, Loredo, Raffi Festekjian, Festekjian, Todd Cook, Cook, it's Organizations: Service, Vegas, Kansas City Chiefs, San Francisco 49ers, Allegiant, Super Bowl, Business, BI, Super, Formula, Las Vegas, Boulder City Municipal, Boulder Dam Brewing Company Locations: Boulder City , Nevada, Vegas, Las Vegas, Boulder, Boulder City
CNN —The mayor of Rio de Janeiro, Eduardo Paes, has declared a state of public health emergency due to a dengue epidemic, according to CNN affiliate CNN Brasil. The surge in dengue cases comes as Rio and the rest of the country gear up for carnival celebrations where millions of people pour onto the streets for parades and block parties. In January alone, Rio’s city health network had 362 people hospitalized due to dengue, a record number, topping the previous high from 2008, CNN Brasil reported. According to data from the Rio de Janeiro City Council’s Epidemiological Observatory panel, 11,202 cases have already been registered in 2024. The Municipal Health Department is planning to vaccinate children as soon as the vaccines are released by the Ministry of Health, CNN Brasil reported.
Persons: Eduardo Paes, Daniel Soranz, Rio Organizations: CNN, CNN Brasil, US Centers for Disease Control, Prevention, CDC, Rio’s Municipal Health, Municipal Health Department, Ministry of Health Locations: Rio de Janeiro, Rio, Rio’s
Greg Abbott of Texas said on Sunday that he was expanding his effort to establish state control over areas near the Rio Grande in an effort to deter migrants. A top Texas official said state law enforcement officers were also looking to move in on riverside ranch land north of the city that migrants have continued to use for crossing. Texas has deployed National Guard troops and state police officers up and down the Texas border since 2021, and began stringing concertina wire along the banks of the river the next year. “As we speak right now, the Texas National Guard, they’re undertaking operations to expand this effort,” Mr. Abbott said during a news conference at the park. We are expanding to further areas to make sure we expand our level of deterrence and denial of illegal entry into the United States.”
Persons: Biden, Greg Abbott, Abbott, Mr, “ We’re, Organizations: Gov, Texas, National Guard, Texas National Guard Locations: Texas, Rio Grande, Eagle, . Texas, Shelby, United States
A Hamas fighter aims an RPG, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, Gaza, in this still image taken from video released on Jan. 31, 2024. Israel has said it's determined to crush Hamas militarily and prevent it from returning to power in Gaza, an enclave it has ruled since 2007. In recent days, Israeli forces renewed strikes in the western and northwestern parts of Gaza City, including in areas where some of the salary distributions were reported to have taken place. Four Gaza City residents told The Associated Press that in recent days, uniformed and plainclothes police officers deployed near police headquarters and other government offices, including near Shifa Hospital, the territory's largest. Ahmed Abu Hadrous, a Gaza City resident, said Israeli warplanes struck the area where the makeshift office is located multiple times earlier this week, including Saturday morning.
Persons: Israel, Saeed Abdel, Ahmed Abu Hadrous, Hijazi, Abu Yousef al, Khan Younis, Qatar — Organizations: Hamas, Associated Press, AP, Health Ministry, United Nations, Iranian Revolutionary Guard Locations: Israel, Palestinian, Gaza City, Gaza, Shifa, Gaza's, Rafah, Egypt, Jeneina, Hams, United States, Qatar, Iraq, Syria, Iranian, Jordan
The inflows this year come at a time when, historically, money funds see seasonal outflows. Ho calculates about $5.5 trillion of the assets sitting in money market funds are core liquidity for companies and cash savings for retail investors. In fact, the most recent push into money market funds is coming from institutional investors, according to the ICI. Assets of institutional money market funds increased by $33.06 billion to $3.65 trillion, while retail money market funds rose by $8.62 billion to $2.35 trillion, the organization found. That's because yields on money market funds lag behind Fed moves.
Persons: Teresa Ho, Ho, Powell, Shelly Antoniewicz, Jerome Powell, AllianceBernstein, Monika Carlson, Carlson, Amy Arnott, Arnott, Rob Williams, Charles Schwab Organizations: JPMorgan, Investment Company Institute, Federal Reserve, CNBC, ICI, Fed, Treasury, Morningstar, Charles, Charles Schwab Center, Financial Research Locations: Treasurys
Editor’s Note: Michael Bociurkiw (@WorldAffairsPro) is a global affairs analyst and former UNICEF spokesperson for Gaza and the West Bank. But UNRWA funding differs from other UN agencies such as UNICEF, in that it’s mostly dependent on government funding. And that’s why countries pulling funding — as they have done this past week — is such a potentially fatal blow to its operations. Tiny Jordan already hosts at least 2 million Palestinians, including many from Gaza who arrived decades ago. Note: This op-ed has been updated to reflect the latest number of UNRWA employees Israel alleges were associated with Hamas’ October 7 attack.
Persons: Michael Bociurkiw, Read, Michael Bociurkiw Chrystia Chudczak, Khan Younis, Mohammed Talatene, Israel —, there’s, Abed Zagout, Tiny Jordan, Ashraf Amra Organizations: UNICEF, West Bank, CNN, United Nations, UNICEF —, Toyota, Cruisers, United Nations Relief, Works Agency for Palestine Refugees, Israel Defense Forces, UNRWA, West, UN, Assembly, Palestinian Authority, UN Refugee Agency, UNHCR, Getty, World Health Organization Locations: Gaza, East, Children’s, West Bank, Jordan, Lebanon, Syria, Israel, Philadelphia, City, Canada, Germany, Rafa, Anadolu, Egypt, Qatar, Deir al Balah
LAS VEGAS (AP) — If Taylor Swift is jetting from her upcoming Tokyo concert to Las Vegas to see boyfriend Travis Kelce play in the Super Bowl the next day, she'd better already have a place to park her plane. “Oh, they’re full,” said Rick Breitenfeldt, FAA spokesman for his sixth Super Bowl. Commercial airlines have added flights and the Las Vegas airport reported Wednesday it handled a record 57.6 million passengers in 2023. Due to time zone differences, if she flies out at midnight, it will be 7 a.m. Saturday in Las Vegas. Hayes said aircraft parking fees during Super Bowl weekend at Harry Reid International were unchanged from the standard rate.
Persons: Taylor Swift, Travis Kelce, she'd, Heidi Hayes, , Rick Breitenfeldt, Hayes, Harry Reid, Swift, Breitenfeldt, Brian McCarthy, McCarthy, John Wayne Organizations: LAS VEGAS, Super Bowl, Federal Aviation Administration, Kansas City Chiefs, San Francisco 49ers, NFL, Clark County Department of Aviation, FAA, Super, Las, Las Vegas, Harry Reid International, Henderson, Boulder City Municipal Airport, SWIFT, Dassault Falcon, Vegas, WM Phoenix, National Business Aviation Association, LIV Golf, Las Vegas Country Club, Sunday, That's, Mesquite Municipal, Laughlin, Bullhead, Jean Sport Aviation Center, Ontario International, San Bernardino International, Palm Springs, Palmdale Regional, Los Angeles International, John, John Wayne International, Long, International, Hollywood, Harry, MGM Resorts International Locations: Tokyo, Vegas, Las Vegas, Clark, U.S, North Las Vegas, Boulder, Glendale , Arizona, Phoenix, Saudi, Airports, Mesquite, Nevada, Arizona, California, Santa Ana, Burbank, Las Vegas . Phoenix, Mandalay Bay, Luxor
ORLANDO, Fla. (AP) — Disney on Thursday appealed a judge's dismissal of its free speech lawsuit over what it described as Gov. A separate lawsuit over who controls the district also is still pending in state court in Orlando. Disney had argued that legislation signed by DeSantis and passed by the Republican-controlled Legislature transferring control of the Disney World governing district from Disney supporters to DeSantis appointees was in retaliation for the company publicly opposing the state’s “Don’t Say Gay” law. Before control of the district changed hands from Disney allies to DeSantis appointees early last year, the Disney supporters on its board signed agreements with Disney shifting control over design and construction at Disney World to the company. Disney has filed counterclaims that include asking the state court to declare the agreements valid and enforceable.
Persons: Disney, Ron DeSantis, Walt Disney, , ” DeSantis, DeSantis, District Judge Allen Winsor, Winsor, Richard Foglesong, , ” Foglesong, Jacob Schumer, ” Schumer, Mike Schneider Organizations: Walt, Disney, DeSantis, Republican, District, Rollins College, Disney World, Orlando Locations: ORLANDO, Fla, Florida, Jacksonville, Tallahassee, Orlando
GUALBA, Spain (AP) — Plastic jugs in hand, Joan Torrent takes a path into the woods in search of drinking water. The drought emergency, which takes effect Friday, limits the daily amount of water permitted for residential and municipal purposes to 200 liters (53 gallons) per person. Catalonia’s water agency says the average resident uses 116 liters (30 gallons) per day at home. Gualba's name, according to local lore, means “white water” thanks to the streams flowing down from the Montseny mountain that overlooks the village. Only the Guadalete-Barbate river basin in southern Andalusia, which faces similar shortages and restrictions, is worse off at 14.6%.
Persons: Joan Torrent, Gualba, don’t, , Jordi Esmaindia Organizations: Locations: Spain, Gualba, Barcelona, Spain’s, Catalonia, Llobregat, Andalusia
Tax filing season officially started on Monday, and investors could pay the price following last year's stock market bonanza. Meanwhile, investors collected yields exceeding 5% in money market funds, certificates of deposit and high yield savings accounts. In New York, the top income tax rate is 10.9%, and it's 13.3% in California. Vanguard's New York Municipal Money Market Fund (VYFXX) has a 7-day SEC yield of 4.25% and an expense ratio of 0.16%. Fidelity offers the California Municipal Money Market Fund (FSPXX) , which has a 7-day yield of 3.54% and an expense ratio of 0.3%.
Persons: Tim Steffen, Brenna McLoughlin, you've, McLoughlin, Vanguard's, Sam Nofzinger, Steffen, it's, There's Organizations: Baird, Wealthstream Advisors, York Municipal Money Market Fund, SEC, Fidelity, Money Market Fund, Public Locations: Milwaukee, New York, California, York,
CNN —Disney is appealing a major setback earlier this week in its ongoing legal and political battle with Florida’s Republican governor Ron DeSantis. On Thursday, Disney filed a notice of appeal, challenging a Florida federal judge’s decision to throw out its case accusing DeSantis of punishing Disney for exercising its right to free speech. The judge ruled that Disney lacked standing to sue DeSantis and that the company’s claims against the governor’s oversight board failed on merit — a win for DeSantis. On Wednesday, a Disney spokesperson said the company was undeterred, despite the initial dismissal. The board has threatened to hike taxes, raise utility rates and develop the land around the entertainment giant’s Central Florida theme parks.
Persons: Ron DeSantis, Disney, DeSantis, Disney’s, Bob Chapek, Organizations: CNN, Disney, Republican, Florida federal, DeSantis, Walt Disney Parks and Resorts, Walt Disney World, Central, Locations: Florida, Central Florida
ATLANTA (AP) — Georgia Power Co. said Thursday that vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power. Georgia Power said the Unit 4 problem has already been fixed but too much testing remains to be done to make the March 30 deadline. The new Vogtle reactors are currently projected to cost Georgia Power and three other owners $31 billion, according to calulations by The Associated Press. But even as government officials and some utilities are again looking to nuclear power to alleviate climate change, the cost of Vogtle could discourage utilities from pursuing nuclear power. Georgia Power owns 45.7% of the reactors, with smaller shares owned by Oglethorpe Power Corp., which provides electricity to member-owned cooperatives; the Municipal Electric Authority of Georgia; and the city of Dalton.
Persons: Georgia Power Organizations: ATLANTA, — Georgia Power Co, Vogtle's, Southern Co, Georgia, Georgia Power, Georgia Public Service Commission, Regulators, The Associated Press, Westinghouse, Oglethorpe Power Corp, Municipal Electric Authority of Locations: Atlanta, Augusta, Georgia, Vogtle, American, Municipal Electric Authority of Georgia, Dalton, Florida, Alabama
Read previewA federal judge on Wednesday dismissed Disney's free speech lawsuit against Florida Gov. Ron DeSantis, leaving the company's remaining hopes of regaining control of the district that governs Walt Disney World to a separate state court challenge. "Because that is what Disney seeks here, its claim fails as a matter of law," Winsor wrote. Without directly saying it would appeal the decision, Disney said in a statement that it would "press forward with our case." The governor's press secretary, Jeremy Redfern, said the judge's decision supported DeSantis' belief that Disney doesn't have a right to its "own special government."
Persons: , Disney's, Ron DeSantis, Allen Winsor, DeSantis, Winsor, Trump, Disney, Jeremy Redfern, Redfern Organizations: Service, Florida Gov, Walt Disney, Disney, Republican, Florida Department of Economic, Business, DeSantis Locations: Tallahassee, Orlando
WASHINGTON (AP) — As he looks past the GOP primary and towards a likely general election rematch against President Joe Biden, Donald Trump will meet with members of the Teamsters Union in Washington Wednesday afternoon as he tries to cut into Biden's support. Trump is hoping to cut into that support as he casts himself as pro-worker and tries to exacerbate longstanding divisions between union leaders and rank-and-file members. While the Teamsters endorsed Biden in 2020 and Hillary Clinton in 2016, O'Brien stressed the union has “a very diverse membership. Wheaton estimates about 30% to 40% of its members voted for Trump in 2020, even though the union endorsed Biden. Teamsters members include UPS drivers, film and television workers, freight operators, members of law enforcement and other government workers.
Persons: Joe Biden, Donald Trump, Biden, Trump, Shawn Fain, “ Shawn Fain, ” Trump, , Sean O’Brien, ” Biden, Lauren Hitt, Biden “, O’Brien, , , Hillary Clinton, O'Brien, Wheaton, you’re, ” Wheaton, Fain, Nikki Haley, Trump’s, ___ Krisher, Seung Min Kim Organizations: WASHINGTON, GOP, Teamsters Union, Union, Democratic, AP, AFL, United Auto Workers, DJT, Automobile Industry, Workers, Teamsters, Trump, Fox Business, National Labor Relations Board, , Cornell University, Wheaton, Republican, UAW, UPS, American Federation of Teachers, American Federation of State, Municipal Employees, Associated Press Locations: Washington, Wisconsin, Michigan, Detroit, California, Wheaton, American Federation of State , County
High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.57% on January 30, according to a Bankrate survey. But many online FDIC-insured banks are still offering 5% or more on their high-yield savings accounts. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.
Persons: Doug Ornstein, Schwab, , , Greg McBride, Ken Tumin, you’d, Tumin, Wells Fargo, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Federal Reserve, JPMorgan Chase, Bank of America, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Fidelity, DepositAccounts.com, Treasury, Edelman, AAA Locations: New York, United States
By Nellie PeytonJOHANNESBURG (Reuters) - South Africa's ruling African National Congress (ANC) said on Monday it had suspended the membership of former president Jacob Zuma after he announced he would vote for another party in this year's general election. His suspension reflects deep-seated divisions in the party of liberation hero Nelson Mandela that has governed South Africa since the end of apartheid. "The formation of the MK party is not an accident," the ANC said in a statement. The MK party is named after the ANC's former armed wing, in a challenge to the long-dominant movement. Zuma has been at odds with the ANC's leadership since he was forced to quit as party leader in 2018.
Persons: Nellie Peyton JOHANNESBURG, Jacob Zuma, Zuma, Nelson Mandela, Cyril Ramaphosa, Nellie Peyton, Alexander Winning, Andrew Heavens Organizations: National Congress, Analysts, ANC, Forces, Natal Locations: South Africa, KwaZulu
SAN DIEGO (AP) — Matthieu Pavon made an 8-foot putt for a dramatic birdie on No. 18 at Torrey Pines South for a one-shot victory in the Farmers Insurance Open on Saturday that made him the first Frenchman to win on the PGA Tour. It is amazing,” the 31-year-old PGA Tour rookie said moments after the victory. Pavon, who was born in Toulouse, was playing in just his 11th PGA Tour event. Pavon pulled into a tie for the lead with Jaeger with a birdie on the par-5 ninth.
Persons: — Matthieu Pavon, Frenchman, Pavon, Nicolai Hojgaard, Stephan Jaeger, Nate Lashley, , Jaeger Organizations: DIEGO, Torrey Pines, Farmers Insurance, PGA Tour, European, Pavon Locations: Pavon, Toulouse
Investing in municipal bonds: Here's what you need to know
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvesting in municipal bonds: Here's what you need to knowJamie Iselin, head of municipal fixed income at Neuberger Berman, joins 'The Exchange' to discuss positioning in municipal bonds, identifying 2024 opportunities, and more.
Persons: Jamie Iselin, Neuberger Berman
The eight lowest scores came on the North Course, which generally plays a few strokes easier than the South Course on the municipal layouts on a bluff high above the Pacific Ocean. The final two rounds will be played on the South Course. 5 Xander Schauffele and defending champion and seventh-ranked Max Homa, both of whom played the South Course. Yu, a 25-year-old who played at Arizona State, is seeking his first PGA Tour win. You can’t complain when you shoot a 67 on the South Course.”
Persons: Kevin Yu, Patrick Cantlay, Ryo Hisatsune, Xander Schauffele, Max Homa, Homa, Nicolai Hojgaard, Yu, Kevin Dunlap, I’ve, ” Yu, ” Cantlay, Cantlay, hasn’t, , , “ There’s, Japan who's, Hideki Matsuyama, Shane Lowry, Thomas Detry, Aaron Rai, Alejandro Tosti, Hojgaard Organizations: DIEGO, Farmers Insurance, San Diego State, Farmers, NFL, Arizona State, PGA, American Express, UCLA, U.S, Torrey Pines Locations: Taiwan, Torrey Pines, Denmark, Dubai, Orange County, Japan
ORLANDO, Fla. (AP) — Disney this week requested a second delay in a state court case involving its legal battle with Gov. Ron DeSantis' appointees over who controls Walt Disney World's governing district, as the company accused them and the governor's office of stonewalling requests for documents that are part of the litigation. Political Cartoons View All 253 ImagesDisney, DeSantis and the district have taken their fight over who controls the district to state and federal courts. The district said in court papers that it had provided the appropriate documents. Earlier this month the Republican Party of Florida ousted Christian Ziegler as chairman of the state party.
Persons: Ron DeSantis, Walt, DeSantis, ” Erin O'Donnell, Disney, hasn't, hadn't, Nick Meros, Bridget Ziegler, Christian Ziegler, “ It’s, ” O'Donnell, Mike Schneider Organizations: Disney, Gov, Walt Disney, GOP, Florida Legislature, Central, Liberty, Republican Party of Florida Locations: ORLANDO, Fla, Florida, Central Florida, Sarasota
Indeed, investors get paid for taking a small step down in credit quality in the muni bond space. What's even sweeter is that municipal bond income is generally exempt from federal income tax. This also means high income investors would have to scoop up a higher yielding corporate bond to get the same tax-advantaged yield a muni bond would generate. A measured amount of risk Munis offer lower yields compared to their corporate counterparts, but they also carry significantly less risk. Lower risk, however, doesn't necessarily mean risk free.
Persons: Jennifer Johnston, Franklin Templeton, Lyle Fitterer, munis, corporates, Cooper Howard, Jonathan Mondillo, Franklin Templeton's Johnston Organizations: Federal Reserve, Franklin, AAA, muni, Strategic Municipal Bond Fund, York Life Investments, Moody's Investors Service, Charitable, Schwab Center, Financial Research Locations: muni, Abrdn
New York City will buy up millions of dollars of medical debt and erase it in a program that officials hope will ultimately help as many as 500,000 New Yorkers. Mayor Eric Adams announced Monday that the city would invest $18 million in a partnership with a nonprofit organization that buys up unpaid medical debt from hospitals at steep discounts and then erases it. Hospital systems and commercial debt buyers are often willing to sell medical debt at steep discounts, and the $18 million could wipe out over $2 billion in unpaid medical bills, city officials said. “Up to half a million New Yorkers will see their medical debt wiped thanks to this life-changing program — the largest municipal initiative of its kind in the country,” Mayor Adams said. Daniel Lempert, a spokesman for the nonprofit organization RIP Medical Debt, said that the group had begun conversations with New York City hospitals about examining their books to identify patients eligible for debt relief.
Persons: Eric Adams, ” Mayor Adams, Daniel Lempert Organizations: Yorkers, , RIP, New Locations: York City, New York City
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