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Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.
Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast
TAMPA, Florida — Towers of trash still littered the Florida landscape Wednesday as Hurricane Milton barreled towards the Gulf Coast and garbage haulers suspended efforts to remove debris that could be dangerous in high winds left over from Hurricane Helene. Garbage haulers suspended efforts to remove debris that could be dangerous in high winds left over from Hurricane Helene. "A lot of our contractors have gone to prep for Hurricane Milton. “Just to get that household debris out of the way so Milton doesn’t pick it up and use it as a weapon," Castor said. Joseph Malinowski was riding out Milton the same way he rode out Helene — on his sailboat tied to a pier in Tampa Bay.
Persons: Milton, Hurricane Helene, , I’m, Heather McClellan, Helene, Garbage, Matt Lavietes, Ron DeSantis, DeSantis, Sandra Tapfumaneyi, Kimberly Byer, Byer, Hurricane Milton, Jane Castor, Castor, Milton doesn’t, Giancarlos Struse, ” Struse, Struse, Joseph Malinowski, Helene —, Dan, ” Malinowski, , Corky Siemaszko Organizations: Gulf, NBC News Florida Gov, Emergency Management, NBC, Hurricane, Hillsborough County …, Tampa, NBC News Locations: TAMPA, Florida, Hurricane, Milton, Tampa Bay, Tampa, Manatee, Sarasota, Pinellas, Hillsborough County, , New York City
Editor’s Note: Steven Melendez is artistic director of New York Theatre Ballet and a subject of the new documentary film “LIFT,” available on Apple and Amazon. He was born in the Bronx, New York, and has danced as a soloist with Ballet Concierto in Argentina, a principal dancer with the Vanemuine Theater Ballet Company in Estonia, and for more than 15 years with New York Theatre Ballet. CNN —Thirty years ago, I lived in a family homeless shelter in New York City, where dreams and struggles often do battle. The LIFT program did not simply introduce me to ballet; it transformed my life. New York Theatre BalletThe rigorous training demands unwavering commitment, punctuality and the relentless pursuit of perfection.
Persons: Steven Melendez, Steven Melendez Rachel Neville, Diana Byer, Jacques d’Amboise, Talent Organizations: New York Theatre Ballet, Apple, Concierto, Vanemuine Theater Ballet Company, CNN, New York Theatre, US Department of Housing, Urban Development, Harvard Joint Center for Housing Studies, Coalition, York Theatre Ballet, National Dance Institute Locations: Bronx , New York, Argentina, Estonia, New York City, Bronx, America
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Persons: Dow Jones, nicole Organizations: netflix
Last week, total rail volume from Canada to the U.S. was down 12%, according to The Association of American Railroad's latest rail traffic report for the week ending July 22. This was an improvement given the first full week of the strike saw a 46% decrease in rail trade from Canada, and the second week suffered a 36% decrease. Rail traffic from Canada into the U.S. had a third-straight weekly drop as a result of the on-again, off-again strike at the West Coast Canadian ports. When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days. Adding another day with the on-again, off-again strike last week, brings the congestion removal tally up to 42-70 days.
Persons: Port of Prince Rupert, Doug Macdonald, Rupert, Blaine Davidson, Terri Shimensky, Shimensky, Eric Byer, Byer, NACD Organizations: The Association of American, West Coast, Railway Association of Canada, CNBC, The Railway Association of Canada, Port, National Association of Chemical Distributors, CN, U.S ., Railroads, Canada, Association of American Railroads Locations: Canada, Port of Vancouver, Port of, Vancouver, Ohio, of Long, U.S . West Coast, U.S, Chicago, West
The fate of operations at West Coast ports in Canada will be decided on Tuesday, July 25, when rank-and-file members of the International Longshoremen and Warehouse Union Canada will vote on a tentative deal with port ownership. The plan to send the deal to a full union vote comes after a week of confusion and turmoil at the ports. For the vote, work will stop from 8 a.m.-4 p.m. Pacific Time on Tuesday across all ports. Weekly rail trade data aggregated by the American Association of Railroads reveals a total decrease of 82.4% in rail trade over the course of the 13-day strike. When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days.
Persons: Seamus O'Regan, Vancouver and Prince Rupert, Eric Byer, Byer, Destine Ozuygur Organizations: Warehouse Union Canada, Canadian, British Columbia Maritime Employers Association, Canada's Labor, Logistics, CNBC, American Association of Railroads, Railway Association of Canada, Port, U.S . Trade, U.S, The National Association of Chemical Distributors, Canadian National Railroad, Government, Trade Locations: West Coast, Canada, British, Vancouver, U.S, Port of Vancouver, West, United States, eeSea
Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.
Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia
Darryl Dyck | Bloomberg | Getty ImagesThe strike at the Canada's West Coast ports is over, after both the labor union and port ownership accepted a deal presented by federal mediators. ILWU Canada union workers were expected to be back on the job for the 4:30 p.m. Pacific time shift on Thursday, but undoing the damage to the supply chain from close to two weeks of strike will take weeks. While the production ramp down at the ports was seen immediately, the congestion as a result of the 13-day strike will have a lasting effect on ports. The International Longshoremen and Warehouse Union of Canada begin its strike on July 1. The ports strike has already damaged the U.S. supply chain.
Persons: Darryl Dyck, Seamus O'Regan, Omar Alghabra, O'Regan, Prince Rupert, HLS, Eric Byer, Byer, Vancouver and Prince Rupert, Sara Elena, Willie Adams Organizations: Port Metro Vancouver, Bloomberg, Getty, Twitter, Canadian Labor, Warehouse Union of Canada, British Columbia Maritime Employers Association, Vancouver, US Inland Port, U.S ., Carriers, American Association of Railroads, National Association of Chemical Distributors, CNBC, Port, U.S, Products, Canada, Canadian Chamber of Commerce, Railway Association of Canada, MSC Brunella, ILWU U.S, West Coast, Logistics, Customs Locations: Vancouver , British Columbia, Canada, Coast, U.S, British, Vancouver, U.S . West Coast, Asia, Port of Vancouver, West Coast, Africa, United States
Year-over-year intermodal Canadian rail was down 46.2% last week as a result of the strike. Weekly rail trade data from the Association of American Railroads shows the devastating impact that Canadian West Coast ports strike is having on freight rail cargo entering the U.S. The U.S. and Canada have a historically strong trade relationship: Each country is the other's top trading partner. The Canadian Chamber of Commerce estimates $605 million in trade moves through one of those two ports daily. The International Longshoremen and Warehouse Union of Canada begin its strike on July 1.
Persons: Vancouver and Prince Rupert, Paul Brashier, Prince Rupert, Brashier, Eric Byer, Byer, Willie Adams, Sara Elena, Medea, Rob Ashton, Steve Lamar Organizations: AAR, Association of American Railroads, Railway Association of Canada, Canadian Chamber of Commerce, Warehouse Union of Canada, British Columbia Maritime Employers Association, ITS Logistics, ITS, U.S ., National Association of Chemical Distributors, Products, CNBC, Hyundai, CMA, Canadian Labor, Labor, Bank of Canada, American Apparel and Footwear Association Locations: West Coast, U.S, Canada, Vancouver, British, United States, U.S . West Coast, East Coast, Western Canada, Asia, Chicago, San Francisco
The firm's exposure to Credit Suisse AT1s represented 1.32% of Spectrum's assets under management (AUM) on Feb. 28. In 2021 and early 2022 Spectrum held about $400 million of Credit Suisse AT1 bonds, Jacoby said. The Credit Suisse debt represents about 12% of the benchmark for CoCos, a massive slice of the ICE BofA U.S. dollar contingent capital index (.MERCOCO), he said. "We had been paring back in Credit Suisse, had an internal negative outlook for a little over a year." "This is a Credit Suisse event and this is a Swiss bank regulation event, this is not a global disaster for CoCos."
Mindy Kaling's 'Velma' series set to premiere in January
  + stars: | 2022-12-21 | by ( ) www.nbcnews.com   time to read: +1 min
HBO Max has set a Jan. 12, 2023, release date for Mindy Kaling’s animated series “Velma,” a spinoff of the beloved, but family-friendly, “Scooby-Doo” series. In this modern, adult-oriented take on the classic “Scooby-Doo” franchise, the series follows the origin story of Velma Dinkley (Kaling), the brainiac of the Mystery Inc. gang. After a corpse is found in her high school, Velma teams up with Daphne (Constance Wu), Shaggy (Sam Richardson) and Fred (Glenn Howerton) to solve the murder. Kaling’s series also reimagines several members of the Mystery Inc. gang, including making Velma of South Asian descent. “We want to honor other interpretations and what we think feels really modern,” Kaling explained at NYCC.
Netflix has stopped production on upcoming animated show "Bad Crimes," from creator Nicole Silverberg. Nicole Byers and Lauren Lapkus were set to star in the show exec produced by "King of the Hill" creators Mike Judge and Greg Daniels. Just weeks after Netflix's adult animation division shifted to new leadership following the departure of executive Mike Moon, the streamer has scrapped dark comedy procedural "Bad Crimes," starring Nicole Byer and Lauren Lapkus. Created by "Full Frontal With Samantha Bee" writer Nicole Silverberg, the animated comedy also boasted backing from executive producers Mike Judge and Greg Daniels, the co-creators of "King of the Hill." A source close to Netflix said that "Bad Crimes" producers will be able to shop the series around to other studios and platforms and indicated that the streamer is still committed to developing adult animated comedy projects.
Netflix has stopped production on upcoming animated show "Bad Crimes," from creator Nicole Silverberg. Nicole Byers and Lauren Lapkus were set to star in the show exec produced by "King of the Hill" creators Mike Judge and Greg Daniels. Just weeks after Netflix's adult animation division shifted to new leadership following the departure of executive Mike Moon, the streamer has scrapped dark comedy procedural "Bad Crimes," starring Nicole Byer and Lauren Lapkus. Created by "Full Frontal With Samantha Bee" writer Nicole Silverberg, the animated comedy also boasted backing from executive producers Mike Judge and Greg Daniels, the co-creators of "King of the Hill." A source close to Netflix said that "Bad Crimes" producers will be able to shop the series around to other studios and platforms and indicated that the streamer is still committed to developing adult animated comedy projects.
U.S. CIA's in-house museum adds new spy exhibits
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +3 min
LANGLEY, Va., Sept 24 (Reuters) - They like to call it 'the greatest museum you'll never see.' Tucked away in the corridors of its Langley, Virginia, headquarters, the revamped Central Intelligence Agency museum – while still closed to the public – is revealing some newly declassified artifacts from the spy agency's most storied operations since its founding 75 years ago. The hundreds of museum items, some of which have been on display since the 1980s, are all declassified. Neises said the agency does from time to time loan some to presidential libraries and other non-profit museums. Register now for FREE unlimited access to Reuters.com RegisterReporting by Michael Martina Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
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