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The Santa Ana winds, as they’re known, are a naturally occurring phenomenon made possible by the geography in the western U.S. “And boy, when a big Santa Ana hits, that’s when the nightmare for our firefighters really kicks in.”The Santa Ana winds form in a western area of the country known as the Great Basin, which includes Nevada and part of Utah. By the time they reach Southern California, the winds can move at a speed of 40 mph, with gusts that are even stronger. “That targeted the strongest winds for the foothills around Eaton Canyon.”Tripti Bhattacharya, an associate professor of earth and environmental sciences at Syracuse University, said her models don’t predict that Santa Ana winds will get worse this century. “So that fire season is more likely to coincide with Santa Ana winds in the future.”

Persons: ”, Mark Gold, it’s, Robert Fovell, Eaton, Tripti Bhattacharya, Santa Ana, ” Bhattacharya Organizations: Palisades, Natural Resources Defense, Santa Ana, University of Albany, Syracuse University, “ Locations: Southern, Santa, U.S, Los Angeles, Eaton, Nevada, Utah, Southern California, Ventura County, Santa Ana, Orange County, San Gabriel, Pasadena, Altadena, Gabriel, California

☆ How the sports media world is undergoing a seismic shift
▼ + stars: | 2025-01-06 | by ( Chris Hawes | In | ) www.cnbc.com time to read: +1 min

The world of live sports is undergoing a transformation as people use more screens to curate their own broadcast experiences. Today, a vast majority of sports fans say they use second screens during live broadcasts, as they discuss the game with friends or check social media. "People aren't just watching Sky Sports at half past four anymore, they're multitasking," Goldbridge told CNBC, referring to Europe's top sports broadcaster. "They're engaging in our live chat; they're playing [video games such as] Championship Manager with sport on in the background." His streams, which regularly attract over 250,000 viewers, also provide an alternative route for broadcasters to reach global audiences.

Persons: Mark Goldbridge, aren't, Goldbridge Organizations: YouTube, Google, Paris, British, Premier League soccer, Sky Sports, CNBC, Sky Sports Austria, Austrian Bundesliga Locations: Austrian

Hurricane Helene ravaged western North Carolina over the weekend, leaving behind a trail of death and devastation. North Carolina emergency crews were racing Monday to deliver food and other essential supplies to areas hit hard by Helene. At least 40 people were dead in Buncombe County, home of the thriving mountain city of Asheville, according to law enforcement officials. Photos and videos from Asheville, home to some 95,000 people, captured harrowing scenes and showed neighborhoods rendered unrecognizable by Helene’s impact. The approximately 44 people dead in North Carolina represent a third of all fatalities from the storm.

Persons: Helene, Roy Cooper, Will Overfelt, ”, John Finley, Karol Chase, Jonathan Collier, “, Buncombe County Sheriff Quentin Miller, ” Miller, ” Helene, Melissa Sue Gerrits, NBC’s, Buncombe, ” Lillian Govus, Mark Goldthwaite, “ It’s, Joe Biden, Harris, Biden, Jessica Drye Turner, Turner Organizations: ”, NBC News, Mobile, Gatorade, Health, Buncombe County Sheriff, Homes, Biltmore, Asheville, NBC, Biden, White, Facebook Locations: North Carolina, Carolina, Buncombe County, Asheville, Charlotte, Florida , Georgia, South Carolina, Florida, Appalachia, Boone , North Carolina, Biltmore, Black, “, Florida’s Big Bend, Georgia, Carolinas, Tennessee

This week, the 28-year-old venture capital firm debuted a new pair of funds totaling $2.3 billion, a substantial sum during an abysmal time for the industry's fundraising efforts. The European-born firm is structured in a way that investors across continents invest out of the same funds. The new funds include $800 million to invest at the early stage and $1.5 billion to invest in growth. Those figures are slightly down from the firm's last fundraise, when it collected $900 million for an early-stage fund and $2 billion for a growth fund. That year, Index saw seven portfolio companies go public at a market cap of more than $1 billion, including Roblox and Robinhood.

Persons: —, Nina Achadjian, Sofia Dolfe, Ishani Thakur, Vlad Loktev, Erin Price, Wright, Andreessen, Mark Goldberg, He's, Ethan Kurzweil, Kristina Shen, Mike Volpi, Greycroft Organizations: Service, Ventures, Business, San, Labs, Bessemer Venture Partners, Menlo Ventures Locations: San, West Coast, San Francisco, Index's London, New York, London, Europe

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

☆ Journalists ordered out of flood-hit Libyan city after protests
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +4 min

[1/6] Volunteers carry victims of a powerful storm and heavy rainfall that hit Libya to bury them at a cemetery in Derna, Libya September 19, 2023. REUTERS/Zohra Bensemra Acquire Licensing RightsSept 19 (Reuters) - Journalists reported they were ordered out of the devastated eastern Libyan city of Derna on Tuesday, the day after protesters torched the home of the ousted mayor in fury over the authorities' failure to protect the city from floods. Essam Abu Zriba, interior minister in the eastern administration, told Arab TV channel al Hadath that journalists and aid workers were operating normally. Arab broadcaster Al Hurra reported that the authorities had asked all journalists to depart as soon as possible. Hichem Abu Chkiouat, minister of civil aviation in the administration that runs eastern Libya, told Reuters by phone that some journalists had been told to move, in a step unrelated to the protests there overnight.

Persons: Zohra, Essam Abu, Al Hurra, Al, Hichem Abu Chkiouat, Abdulmenam, Ghaithi, Muammar Gaddafi, Derna, Aguila Saleh, Aguila, Mansour, Taha Miftah, Tom Perry, Peter Graff, Alexandra Hudson, William Maclean Organizations: Volunteers, REUTERS, Journalists, Reuters, Communications, Libyan National Army, Islamic, World Health Organization, Thomson Locations: Libya, Derna, Essam, Arab, Al Jazeera, Islamic State, al Qaeda

☆ Authorities try to contain anger in aftermath of Libya floods
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +5 min

A week after a flood wiped out much of the centre of the city, furious Derna residents demonstrated on the streets and torched the home of the mayor overnight. They accuse the authorities of failing to maintain the dams that protected the city, and failing to evacuate residents before the storm. "Haftar's forces are under pressure to show they have control of the situation, and that they can handle the fallout. A spokesperson for the state-owned Libyan Telecommunications Holding Company, Mohamed Albdairi, told Libya Alahrar television that the communications had gone down in the area because some fiber optic cables had been severed. [1/6]Volunteers carry victims of a powerful storm and heavy rainfall that hit Libya to bury them at a cemetery in Derna, Libya September 19, 2023.

Persons: Derna, Khalifa Haftar, Tim Eaton, Mohamed Albdairi, Hichem Abu Chkiouat, Zohra, Antonio Guterres, Abdulmenam, Muammar Gaddafi, Mansour, Peter Graff, Tom Perry, Alexandra Hudson, William Maclean, Mark Heinrich Our Organizations: Communications, The United Nations Office, Humanitarian Affairs, Libyan Telecommunications Holding Company, Engineers, Reuters, Volunteers, REUTERS, World Health Organization, General Assembly, Libyan National Army, Islamic, Thomson Locations: Derna, Benghazi, Libya's, Libya, York, U.N, Islamic State, al Qaeda

☆ Insiders were stepping up and buying this week at these regional banks and niche financials
▼ + stars: | 2023-03-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The banking crisis drove regional bank stocks sharply lower this week, but many insiders took advantage of the turmoil to scoop up shares of their own institutions in what may prove a vote of confidence. Shares of regional banks slumped as the collapse of Silicon Valley Bank left investors worried that other regional banks might face similar balance sheet issues, a possible mismatch between long-dated assets and short-dated liabilities. Regional banks had regained some ground Thursday in anticipation of a group of 11 banks stepping in to First Republic by depositing $30 billion for at least 120 days . Charles Schwab Notably, Charles Schwab CEO Walt Bettinger bought 50,000 shares Tuesday, worth nearly $3 million, for his personal account. Valley National Bancorp Ira Robbins (CEO) bought 5,000 shares Wednesday Jennifer Steans (Director) bought 150,000 shares Tuesday Eric Edelstein (Director) bought 20,000 shares Tuesday Melissa Schultz (Director) bought 15,000 shares Tuesday Jeffrey Wilks (Director) bought 8,000 shares Tuesday Marc Lenner (Director) bought 5,000 shares Tuesday Suresh Sani (Director) bought 5,000 shares Tuesday Valley National Bancorp saw a rush of insider buying this week, including purchases by its CEO and several directors.

☆ How Wall Street firms lift the velvet rope on funding deals for buzzy startups like Stripe for their wealthiest clients
▼ + stars: | 2023-02-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Goldman Sachs has invited wealth management clients to invest in fintech unicorn Stripe, as reported by Bloomberg. The message was a rare peek into how the richest bank clients can access investments normally off-limits to individual investors. Insider redacted the wealth management vice president's name and email address to protect their privacy. Citi and JPMorgan, for instance, both have teams dedicated to direct private investments for private bank clients. Private wealth is a real power alley for us, and those continue to be good sources of funding," said Salisbury at a conference in September.

☆ Jamaica willing to take part in military intervention in Haiti, PM says
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] Prime Minister of Jamaica Andrew Holness addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 22, 2022. REUTERS/David 'Dee' DelgadoKINGSTON, Feb 1 (Reuters) - Jamaica would be willing to take part in an international military deployment to Haiti, Prime Minister Andrew Holness told lawmakers on Tuesday, saying the Caribbean island country could also support its neighbor on electoral reforms. Haitian Prime Minister Ariel Henry has pleaded for foreign military support. The U.N. envoy to Haiti, Helen La Lime, has called for more urgency, saying the police cannot win without outside support. "Jamaica would be willing to participate in a multinational security assistance deployment to Haiti under the appropriate jurisdictional parameters to support a return to a reasonable level of stability and peace," Holness told lawmakers.

☆ Protesting against Congress may get you a $50 fine. Disrupting the Supreme Court is a different story.
▼ + stars: | 2023-01-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Lawrencehurley_Pic.Jpg | Lawrence Hurley | ) www.nbcnews.com time to read: +3 min

WASHINGTON — When Emily Paterson was arrested for protesting abortion law changes during a Supreme Court hearing in November, she spent the night in jail and now has a criminal conviction on her record. It’s a sore point for Mark Goldstone, a lawyer who regularly represents Washington protesters. Supreme Court protesters are treated “more harshly” in a couple of different ways, he said, referring only to those participating in nonviolent protests and not violent attacks like the Jan. 6 assault on the Capitol. On Capitol grounds, the police “process you and release you,” Goldstone said, while at the Supreme Court, “you are going to spend the night in jail" and likely face prosecution. Participants have long complained that the right to protest outside the court is limited, pointing out the irony of the Supreme Court imposing its own limits on the right to free speech.

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