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Following decades of grievances, the federal government on Thursday changed a policy that disqualified some disabled veterans from receiving subsidized housing. Advocates hope a new federal policy will help more disabled homeless veterans get off the streets. A homeless veterans encampment in Los Angeles in 2021. “No matter where veterans are, if we have homeless veterans, we are committed to them,” he said. About 1,834 homeless veterans were counted in Los Angeles this year, compared with 2,696 last year.

Persons: Al Seib, Denis McDonough, Francine Orr, Karen Bass, George Rose, ”, Mark Rosenbaum, Rosenbaum, Terrence Hayes, Hayes Organizations: of Housing, Urban, Veterans, Los Angeles Times, Getty, Veterans Administration, “ Veterans, American Civil Liberties Union of Southern, Los, Los Angeles, HUD Locations: Al, Los Angeles, ”, Westwood, Brentwood, American Civil Liberties Union of Southern California, “, Los Angeles County, U.S

☆ School's out, and parents' financial stress is in
▼ + stars: | 2024-07-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Speaking of money and vacations: In today's big story, summer vacation means financial stress for parents looking to keep their kids busy while school is out without breaking the bank . The big storyThe cost of summeriStock; Rebecca Zisser/BISchool's out for summer, but the relief for kids is causing financial pain for their parents. Further complicating things is most camps don't cover the two-plus months parents need to fill for their kids. The result is sometimes a patchwork system of camps and part-time nannies that parents need to cobble together. AdvertisementThis year, skincare products proved to be a lightning rod for kids and parents at elite summer camps , writes BI's Anna Silman.

Persons: —, Rebecca Zisser, Juliana Kaplan, Madison Hoff, Kate Dehler, BI's Anna Silman, Anna, You've, Goldman Sachs, it's, Alyssa Powell, Gen, Vladimir Putin, Narendra Modi, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, Karma, Hindenburg Research, Adani, Bank of, Samsung, Indian, The Locations: What's, Al, Florida, Russian, New York, London, Chicago

Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ Turns out John Cena wasn't fully nude when presenting an award at the 2024 Oscars
▼ + stars: | 2024-03-11 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

John Cena wasn't fully nude while presenting the award for best costume design at the 2024 Oscars. Backstage photos revealed Cena was wearing a protective garment that covered his private parts. AdvertisementJohn Cena presented the award for best costume design at the 2024 Oscars in nothing but Birkenstocks and an oversized envelope held over his groin. Robert Gauthier/Los Angeles Times via Getty ImagesThe beige-colored protective garment resembled a piece of underwear and covered Cena in the front and back. AdvertisementJohn Cena wore a protective garment that covered his private parts.

Persons: John Cena wasn't, Cena, Cena's, —, John Cena, Robert Gauthier, Al Seib, David Niven, Elizabeth Taylor, Jimmy Kimmel, Cena peeked, Kimmel, Cena couldn't Organizations: Service, Los Angeles Times, Getty, Cena

☆ How Hedge Funds Are Betting on Electricity and the Changing Power Grid
▼ + stars: | 2024-03-05 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +19 min

A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.

Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia

☆ Ellen DeGeneres' internet-breaking Oscars selfie was taken 10 years ago, and wow, has it aged badly
▼ + stars: | 2024-03-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Ellen DeGeneres' widely circulated Oscars selfie was taken on March 2, 2014 — 10 years ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEllen DeGeneres' internet-breaking Oscars selfie was taken 10 years ago and wow, has it aged badly. The moment Elle DeGeneres gathered members from the audience for a selfie at the 2014 Academy Awards was televised. AdvertisementIf another Oscar selfie were to be taken at this year's ceremony, I can't imagine any of these stars would make it in.

Persons: Ellen DeGeneres, selfie, —, Bradley Cooper, Jennifer Lawrence, Meryl Streep, Brad Pitt, Angelina Jolie, Julia Roberts, Lupita Nyong'o, Junior, Channing Tatum, Kevin Spacey, Jared Leto, DeGeneres, Elle DeGeneres, Al Seib, he's, there's DeGeneres, DeGeneres hasn't, messier, Jolie, Pitt, Maestro, There's, et, Oscar selfie Organizations: Service, Twitter, Samsung, Los Angeles Times, Getty, NBC, Hollywood Locations: Hollywood

☆ Feds vote to reduce bottlenecks in connecting new power sources to the energy grid
▼ + stars: | 2023-07-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

Also, power generators will have to meet certain requirements to keep their place in the queue, including a financial deposit. Deadlines and penalties for transmission providers: Transmission providers will have strict deadlines to to respond to power generators waiting in the queue, and will face penalties if they miss those deadlines. Also, power generators will be able to add a source of power to a single interconnection request. It can be so expensive to build new transmission, sometimes power generators can't afford the cost and have to cancel their power generation plans completely. Also, power generators wait for an average of five years in these queues because grid operators are flooded with interconnection queue applications.

Persons: Jeffrey Lamb, LADWP, Al Seib, George Rose, Rob Gramlich, Gramlich, Joseph Rand, Rand, Gregory Wetstone Organizations: Sylmar, Pacific DC, Los Angeles Department of Water, Los Angeles Times, Getty, Aera Energy, CNBC, Lawrence Berkeley National Laboratory, FERC, Vw, American, Renewable Energy Locations: Columbia, Oregon, California, Southern California, Angeles, Los Angeles , CA, CA, San Joaquin Valley, McKittrick , California, North, Lost, Kern County, Bakersfield, United States, Milford , Utah, Milford, Smithfield, ACORE

Lyft shares have slid close to 70% over the past 12 months. Photo: Al Seib/Los Angeles Times/Getty ImagesLyft Inc. plans to cut 1,200 or more jobs in a new round of layoffs as the ride-sharing company aims to reduce costs, according to people familiar with its plans. The latest cuts could impact 30% or more of Lyft’s more than 4,000 employees, the people said, and the company had planned to announce the move after a board meeting next week. The cuts could help Lyft slash 50% of its costs, some of the people said. Lyft doesn’t count its drivers as employees.

☆ 15 years after 'officially' retiring its first stealth jet, the US Air Force is looking for help to keep the F-117 flying for another decade
▼ + stars: | 2023-01-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The B-21 is expected to arrive 40 years after the US's first stealth aircraft, the F-117 Nighthawk. The F-117 was officially retired in 2008, but the Air Force is still putting the stealth jet to use. The US Air Force is now making plans to keep some of its Nighthawks flying until at least 2034. The Air Force currently has about 45 F-117s, more than 10 of which have been approved for transfer to museums, Air Force spokeswoman Ann Stefanek told Insider. A woman dances on a US Air Force F-117 downed west of Belgrade on March 28, 1999.

☆ Patagonia's bold move to donate the entire company to fight climate change only works if it stays competitive in business, CEO says
▼ + stars: | 2022-09-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

But that does not mean the company is going to become any less competitive or aggressive in meeting its business objectives. related investing news KeyBanc says buy Diamondback Energy, which can rally 25% as U.S. struggles to meet oil demand "We are extremely competitive. Ryan Gellert, now the CEO of Patagonia, speaking at the Copenhagen Fashion Summit 2019 at DR Koncerthuset on May 16, 2019 in Copenhagen, Denmark. Lars Ronbog | Getty Images Entertainment | Getty ImagesThe conversations that led to the decision started internally a couple of years ago. Gellert pointed out that the Patagonia founding family did pay $17.5 million on the 2 percent of stock that went into the Patagonia Purpose Trust.

☆ Patagonia founder's big donation potentially saves him over $1 billion in taxes — and experts say it shows how the wealthy are able to 'entirely opt out of taxes'
▼ + stars: | 2022-09-16 | by ( Juliana Kaplan | Grace Kay | ) www.businessinsider.com time to read: +9 min

The donations could save the Patagonia founder's family over $1 billion in taxes, experts calculated. "Instead of extracting value from nature and transforming it into wealth for investors, we'll use the wealth Patagonia creates to protect the source of all wealth." It also might give Chouinard and his family a big tax break, experts who monitor such big transactions told Insider. A Patagonia spokesperson told Insider the Chouinard family did not ask to create a company structure to avoid taxes. Russell James, director of graduate studies in personal financial planning at Texas Tech University, said that the ultra-wealthy generally "can't even use charitable income tax deductions."

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