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☆ Opinion | Will MAGA Republicans Block Baltimore’s Rebuilding?
▼ + stars: | 2024-04-01 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Soon after a huge container ship struck Baltimore’s Francis Scott Key Bridge, bringing it down, President Biden pledged that the federal government would “pay the entire cost of reconstructing” the bridge. This would clearly be the right thing to do, not just to help the state of Maryland but also to limit the economic damage from a disaster that has blocked both a major road artery and a major port. Biden will probably be able to get funds for rebuilding, but it’s by no means a sure thing. The rise of MAGA Republicans is only part of the problem. Indeed, within days, Congress voted unanimously to provide $250 million in aid.

Persons: Baltimore’s Francis Scott Key, Biden, —, MAGA, I’ve Organizations: Federal, Aid, Republican, MAGA Republicans Locations: Maryland, Port, Baltimore, East, America, Minnesota

☆ Steven Mnuchin wants to buy TikTok without the one thing that makes it so valuable: the algorithm
▼ + stars: | 2024-03-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Former Treasury Secretary Steven Mnuchin said he wanted to buy TikTok. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEarlier in March, during an interview on CNBC's "Squawk Box,'" Steven Mnuchin, the former US Treasury Secretary, said he was building a team of investors that could buy TikTok within six months. That timeline is due to a bipartisan House bill, passed on March 13, that would ban TikTok unless the app is sold to a US buyer within 180 days. This story is available exclusively to Business Insider subscribers.

Persons: Steven Mnuchin, — Organizations: Service, US, Business

☆ Opinion: Half measures won’t work. What Gaza needs is a Marshall Plan
▼ + stars: | 2024-03-31 | by ( Opinion Zaher Sahloul | ) edition.cnn.com time to read: +9 min

In one tragic instance, several people were killed when a pallet bearing food aid plummeted from the sky and landed on top of them. But in terms of the sheer scale of the misery I have witnessed, there has been nothing to compare to Gaza. Palestinian children in Rafah wait to receive food distributed by a charity kitchen amid severe food shortages of food supplies. In fact, many children in Gaza have diarrhea due to the lack of clean water and poor sanitation. This picture taken from Israel's southern border with the Gaza Strip shows parachutes of humanitarian aid dropping over the besieged Palestinian territory in late March.

Persons: Zaher, Khan Yunis, I’ve, Biden, Samantha Power, Mohammed Salem, Khan Younis, kneeled, Mohammed Abu Shahla, Mohammed, Lama, Jack Guez, Abdallah Organizations: CNN, Hamas, Getty, UN, Marshall Plan, Marshall, US, USAID, Reuters, Nasser Hospital, Gaza Locations: Gaza, United States, Khan, Israel, AFP, Washington and New York, Europe, Israeli, Rafah, Israel's, Palestinian

☆ Buttigieg Calls on Congress for More Money to Collapsed Baltimore Bridge
▼ + stars: | 2024-03-31 | by ( Minho Kim | ) www.nytimes.com time to read: +1 min

Transportation Secretary Pete Buttigieg and Maryland Democrats on Sunday urged Congress to authorize additional federal dollars needed to rebuild the Francis Scott Key Bridge in Baltimore after it collapsed last week. “I hope and expect this, too, will be a bipartisan priority,” Mr. Buttigieg said on CBS News’s “Face the Nation.” He cited the case of a Minnesota bridge whose $250 million reconstruction plan was approved by Congress in a unanimous vote two days after its collapse in August 2007, and added that “the pitch is, your district could be next, and this has historically been bipartisan.”The Department of Transportation announced on Thursday that it had allocated $60 million in emergency federal highway funding toward rebuilding the bridge. That initial batch of money, which the department called “a down payment,” is unlikely to cover the full cost of construction that experts say could require hundreds of millions of dollars. The push for additional federal funding reflects officials’ belief that a prolonged disruption to the Port of Baltimore would cause ripple effects across the U.S. economy. The harbor has one of the largest facilities in the nation for wheeled cargo such as cars and trucks, and it serves as a key logistics hub for the auto industry for both imports and exports.

Persons: Pete Buttigieg, Francis Scott Key, Mr, Buttigieg Organizations: Maryland Democrats, Sunday, CBS, Congress, Department of Transportation, Port Locations: Baltimore, Minnesota, U.S

☆ Live updates: Baltimore bridge collapse clean up
▼ + stars: | 2024-03-29 | by ( Adrienne Vogt | Leinz Vales | ) edition.cnn.com time to read: +1 min

Maryland officials are moving at "full speed" to accomplish four main priorities in the days following the collapse of the Francis Scott Key Bridge, Gov. Here are the directives mandated by Moore:Continue to keep a focus on recovery efforts. The governor stressed minimizing economic impacts where possible, saying "the health of the Maryland economy and the national economy depends on it." This means families of the people presumed dead, the workers, first responders — “that means everybody,” Moore said. The governor promised to give regular updates on all of these directives but said they will take a long time to accomplish.

Persons: Francis Scott Key, Wes Moore, Moore, —, ” Moore Organizations: Francis Scott Key Bridge Locations: Maryland

☆ As Bridge Cleanup Gets Underway, Officials Warn of ‘Daunting’ Process
▼ + stars: | 2024-03-29 | by ( Michael Corkery | ) www.nytimes.com time to read: +1 min

With search and rescue efforts over, officials have fully turned to the cleanup and rebuilding phase in the aftermath of the collapse of the Francis Scott Key Bridge in Baltimore. But reconstructing the bridge will be a long process, federal and state officials cautioned. The bridge collapse on Tuesday, caused by a 985-foot ship that struck a critical component of the structure, has rocked Baltimore and the shipping industry at large. Officials have called off the search for the other missing men, who are presumed dead, saying divers can no longer reach the area where they believe more victims remain, and moved to a cleanup operation. Wes Moore of Maryland said of the process on Thursday, declining to give a timeline.

Persons: Francis Scott Key, Wes Moore, Maryland Organizations: Port, Baltimore Locations: Baltimore, Port of Baltimore

☆ Francis Scott Key Bridge collapse reverberates around the world
▼ + stars: | 2024-03-29 | by ( Ray Sanchez | ) edition.cnn.com time to read: +16 min

StreamTimeLive StreamTimeLive StreamTimeLiveAround the same time, numerous audible alarms were recorded on the ship’s bridge audio. The Dali container vessel after striking the Francis Scott Key Bridge. “Once you get here, I’ll go grab the workers on the Key Bridge and then stop the outer loop,” an officer said. When the Key Bridge was built decades ago, container ships were a fraction of the size and weight they are today. Miguel Luna, a native of El Salvador, was also working on the Key Bridge.

Persons: Francis Scott Key, ”, Jayme Krause, Nick Mosby, “ I’ve, Andy Middleton, Middleton, Dali, Marcel Muise, Scott Cowan, Baltimore –, Clay Diamond, Muise, Wes Moore, Diamond, ” Diamond, Al Drago, we’ve, “, Cowan, Jim Watson, Starr Smith, ’ ” Smith, Smith, ” Smith, ” John Zimmerman, They’re ‘, Maynor Yassir Suazo Sandoval, Miguel Luna, Dorlian Castillo Cabrera, Pima Castillo, Alejandro Hernandez Fuentes, Castillo, Alejandro Hernandez, Carlos Hernandez, Carlos Hernandez’s, Jazmin Alvarez, Hernández, Isabel Franco, Jose Mynor Lopez, Franco, Lilly Ordonez, Lopez, ” Rafael Laveaga, Holly Yan, Maria Santana, Melissa Alonso, Allison Gordon, Emma Tucker, Tina Burnside, Alex Stambaugh, Abel Alvarado, Aditi Sangal, Danny Freeman, Caroll Alvarado, Amy Simonson, Mary Kay Mallonee, Yahya Abou, Sabrina Souza, AnneClaire Stapleton, Antoinette Radford, Dakin Andone, Curt Devine, Casey Tolan, Isabelle Chapman, Elizabeth Wolfe, Lauren Mascarenhas, Elise Hammond, Gloria Pazmino, Alex Medeiros Organizations: CNN, Evening Sun, Bethlehem Steel, Eiffel, American, Maryland State Police, Sea Catholic, Walmart, National Transportation Safety, Chesapeake Bay, Longshoremen’s Association, Maryland Transportation Authority, American Pilots Association, ”, ” Maryland Gov, Bloomberg, Getty Images Transportation Authority, US Coast Guard, “ Dispatch, Police, Getty, Maryland, CASA, Brawner Builders, Univision, Authorities, Mexican Embassy Locations: Maryland, Fort McHenry, Sparrows Point, Baltimore, Patapsco, Port of Baltimore, India, Singapore, Baltimoreans, Sri Lanka, South Africa, Yemen, Red, Dali, MarineTraffic, ” Maryland, There’s, AFP, Middleton, Honduras, El Salvador, Mexico, Guatemala, Santa Bárbara, America, Dundalk, he’s, Mexican, Michoacan, Washington’s

(AP) — Rebuilding Baltimore’s collapsed Francis Scott Key Bridge could take anywhere from 18 months to several years, experts say, while the cost could be at least $400 million — or more than twice that. Realistically, the project could take five to seven years, according to Ben Schafer, an engineering professor at Johns Hopkins University. “The lead time on air conditioning equipment right now for a home renovation is like 16 months, right?" But experts say it's better to look to more recent bridge disasters for a sense of how quickly reconstruction may happen. Hota GangaRao, a West Virginia University engineering professor, said the project could cost as little as $400 million.

Persons: Baltimore’s, Francis Scott Key, Ben Schafer, “, Schafer, they’re, Dali, Jim Tymon, ” Tymon, Tymon, Joe Biden, Minnesota Sen, Amy Klobuchar, ” Klobuchar, ” Badie, Badie, Hota, That’s, ” GangaRao, ” Norma Jean Mattei, ” Organizations: Johns Hopkins University, George Washington University, Sunshine, American Association of State, Transportation, West Virginia University, The University of New Locations: ANNAPOLIS, Md, Baltimore, Tampa Bay, Minnesota, Mississippi, Maryland, The University of New Orleans

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.

Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, “, Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud

☆ Cargo ship had engine maintenance in port before it collided with Baltimore bridge, officials say
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +8 min

The others were presumed dead, and officials said search efforts had been exhausted. Investigators on Wednesday began collecting evidence from the vessel that struck the Francis Scott Key Bridge the previous day. U.S. Coast Guard Rear Admiral Shannon Gilreath said authorities had been informed that the ship was going to undergo the maintenance. "We were informed that they were going to conduct routine engine maintenance on it while it was in port. Video showed the ship moving at what Maryland's governor said was about 9 mph (15 kph) toward the 1.6-mile (2.6-kilometer) bridge.

Persons: Francis Scott Key, Roland L, Butler Jr, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Butler, Wes Moore, Shannon Gilreath, Jennifer Homendy, Homendy, Moore, Watson, Pete Buttigieg, Biden, Buttigieg, Gilreath Organizations: Fire, Bloomberg, Getty, U.S . Coast Guard, Maryland State Police, Maryland Gov, . Coast Guard, National Transportation Safety Board, Coast Guard, Homeland Security, Associated Press, Synergy Marine Group, Grace Ocean Private Ltd, White House, Transportation, World Association, Transport Infrastructure Locations: Baltimore, Dali, Patapsco, Baltimore , Maryland, U.S, Maryland, Mexico, Guatemala, Dundalk , Maryland, Honduras, El Salvador, Sri Lanka, Singapore, Port, Germany, Japan, United Kingdom, Windward, Annapolis

☆ Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of 'very long road ahead'
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks about on the ongoing response to the Key Bridge collapse in Baltimore, Maryland, during brief remarks prior to departing the White House in Washington, U.S., March 26, 2024. Wes Moore warned Thursday of a "very long road ahead" to recover from the loss of Baltimore's Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. President Joe Biden has pledged the federal government would pay the full cost of rebuilding the bridge. The devastation at the site of the collapse, which happened when the powerless cargo ship struck a pillar supporting the bridge early Tuesday, is extensive. Investigators shared a preliminary timeline of events before the crash, which federal and state officials have said appeared to be an accident.

Persons: Joe Biden, Wes Moore, Baltimore's Francis Scott Key, Biden, Moore, Roland L, Butler Jr, Dali, Investigators Organizations: White, Maryland Gov, Democrat, U.S . Coast Guard, Divers, Maryland State Police, National Transportation Safety Locations: Baltimore , Maryland, Washington , U.S, U.S, Maryland

☆ Who ends up holding the bag for the Baltimore bridge collapse?
▼ + stars: | 2024-03-28 | by ( Catherine Thorbecke | Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Marine insurance companies will be on the hook for much of the costs. These insurance companies are backed by insurance companies of their own – a type of business known as a reinsurer. The potential cost of insurance claims from the bridge collapse could be between $1 billion and $3 billion, analysts at Barclays wrote in a note Wednesday. “But other than that, the economic impact of what has happened will be enormous, but not recoverable from the ship,” Davies said. Maryland lawmakers, meanwhile, are drafting an emergency bill to provide income replacement for Port of Baltimore workers impacted by the bridge collapse.

Persons: Baltimore’s Francis Scott Key, ”, John Miklus, Dali, Brendan Holmes, Miklus, Loretta Worters, Worters, Martin Davies, ” Davies, Joe Biden, Francis Scott Key, it’s, ” Biden, Scott Olson, Davies, Bill Ferguson Organizations: New, New York CNN, American Institute of Marine Underwriters, “, Barclays, Grace Ocean, Britannia, Indemnity, International Group, International, CNN, Insurance, Costa, Maritime Law Center, Tulane University, “ Maersk, Federal Highway Administration, Infrastructure Investment, Jobs, Biden, . Workers, Robins, Repair, Port, Maryland Locations: New York, Singapore, Costa Concordia, Italy, Danish, Baltimore , Maryland, Maryland, Baltimore

☆ The marine insurance industry is bracing for huge claims from the Baltimore bridge disaster
▼ + stars: | 2024-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Huge insurance claims are expected after the Dali collided with a major bridge on Tuesday. The claims could be on par with the $1.5 billion from the Costa Concordia disaster, an expert told Insurance Business. AdvertisementThe marine insurance industry is bracing for huge claims from Tuesday's Baltimore bridge disaster. AdvertisementThe marine insurance and reinsurance markets are likely to foot most of the bills, S&P Global reported on Tuesday. The Baltimore bridge itself is insured by insurance giant Chubb, per Insurance Insider.

Persons: Dali, —, Francis Scott Key, John Miklus, Miklus, Costa Concordia's, You've, Cintia Nazima, Chubb, SCOR Organizations: Business, Insurance, Service, American Institute of Marine Underwriters, Costa Concordia, Maryland Transportation Authority, Wall, P Global, Britannia Locations: Costa Concordia, Tuesday's Baltimore, Costa, Italy, Baltimore, Dali's Baltimore, Britannia, London, Suez

☆ Here's who could be responsible for paying for the Baltimore bridge disaster
▼ + stars: | 2024-03-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Read previewThe Francis Scott Key Bridge in Baltimore collapsed on Tuesday after a large container ship ran into it, leading to six presumed deaths and millions of dollars in possible damage. President Joe Biden said on Tuesday the federal government should be responsible for paying to reconstruct the damaged Francis Scott Key Bridge. The Francis Scott Key Bridge, named for Francis Scott Key, the author of the Star Spangled Banner. Drone footage shows aftermath of the Dali container ship's collision into the Francis Scott Key Bridge in Baltimore, Maryland, on March 26, 2024. AdvertisementThe Dali is covered by the Britannia Steam Ship Insurance Association Ltd., known as Britannia P&I Club, according to S&P Global Market Intelligence.

Persons: —, Francis Scott Key, It's, Joe Biden, Biden, David MacKenzie, Dali, Ryan Petersen, Petersen, John Miklus, Britannia Organizations: Service, Business, Sky News, Star, Getty Images Baltimore, Maersk, Synergy Group, Anadolu Agency, Reuters, American Institute of Marine Underwriters, Insurance, Britannia Steam Ship Insurance Association Ltd, P Global Market Intelligence, International Group Locations: Baltimore, Dali, Singapore, Baltimore , Maryland, Britannia, London

WASHINGTON (AP) — For over a month, House Speaker Mike Johnson has sat on a funding package that would send desperately needed ammunition and weaponry to Ukraine, mulling how best to gain a grasp of what is expected to be a difficult lift in the House. The Republican speaker has indicated he will attempt to push for approval of tens of billions in wartime funding for Ukraine, as well as Israel, once the House returns in April. “We'll turn our attention to it and we won't delay on that,” the Louisiana representative said of the Ukraine package at a news conference last week. Rep. Marjorie Taylor Greene, a far-right Republican from Georgia, has filed a motion to vacate Johnson as speaker and warned him not to put Ukraine funding on the House floor. Before becoming speaker, Johnson was deeply skeptical of approving funding for Ukraine and voted repeatedly against it.

Persons: Mike Johnson, “, Johnson, Gregory Meeks, Marjorie Taylor Greene, ” Greene, ” Johnson, Ronald Reagan, ”, Michael McCaul, Greene, Don Bacon, Shelby Magid Organizations: WASHINGTON, Republican, Ukraine, NATO, Rep, House Foreign Affairs Committee, Capitol, Senate, Kyiv, Republicans, Democrats, Senior Republicans, House Foreign Relations, CBS, House, Eurasia Center, Atlantic Council Locations: Ukraine, Israel, Louisiana, Russia, Kyiv, Georgia, Gaza, Washington, “, Europe

☆ Cars, sugar and cruises: How the Port of Baltimore closure could hurt the economy
▼ + stars: | 2024-03-26 | by ( Mark Thompson | Chris Isidore | ) edition.cnn.com time to read: +8 min

The Port of Baltimore said in a post on X that vessel traffic was suspended until further notice, but trucks were still being processed at its terminals. It said it would discharge cargo destined for Baltimore in other ports nearby, but Maesrk warned customers that could mean delays. Closer to the Midwest than any other port on the East Coast, Baltimore is a major hub for vehicles, containers and commodities. Baltimore ranks first among US ports for autos and light trucks, handling a record 850,000 vehicles last year. While many of the 30,000 to 35,000 cars and trucks that used the Key Bridge daily can be rerouted through the two nearby tunnels, that will cause traffic delays.

Persons: Dali, Judah Levine, ” Maersk, “, VW, Oren Klachkin, Levine, Mark Zandi, ”, Zandi, Wes Moore, Joe Biden, Francis Scott Key, Tasos Katopodis, — Moore, Emily Stausbøll, Matt Lupoli, Hanna Ziady, Peter Valdes, Rob North, Sugam Pokharel Organizations: New York CNN, Baltimore, Atlantic, Nationwide Financial, US, Moody’s, Maryland Gov, Rebuilding, Francis Scott Key Bridge, Domino, Company, Royal Caribbean, Cruises, Cruise, Cruise Lines International Association, Royal Locations: London, New York, Port, Baltimore, East Coast, Singapore, East Coast , Baltimore, Philadelphia, Norfolk, of New York, New Jersey, Asia, Africa, Suez, Maryland, Patapsco, Rebuilding Baltimore, Baltimore , Maryland, Tasos, “, Norway, Royal Caribbean

☆ Baltimore key bridge collapse: Recovery efforts continue for 6 presumed dead after Baltimore bridge collapse as investigation gets underway
▼ + stars: | 2024-03-26 | by ( Elizabeth Wolfe | Yahya Abou-Ghazala | ) edition.cnn.com time to read: +10 min

Recovery efforts are now underway for the missing people, who are presumed dead. People from El Salvador, Guatemala and Mexico among the missing: Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit CASA . Ship blacked out before crash: Just minutes before impact, there was a “total blackout” of engine and electrical power on the ship, according to Clay Diamond, executive director of the American Pilots Association. Eight construction workers were believed to be mending potholes on the bridge when it fell, according to officials. A specialized team will also determine who was controlling the vessel and who was on the ship’s bridge at the time of the crash, she said.

Persons: Francis Scott Key, James Wallace, Wes Moore, “ We’re, Jennifer Homendy, Richard Worley, Miguel Luna, Petén, Clay Diamond, Diamond, “ It’s, ”, Pete Buttigieg, Joe Biden, US Sen, Chris Van Hollen, Buttigieg, Luna, DALI, “, ” Moore, Dali, Tasos Katopodis, Moore, CNN’s Melissa Alonso, Flora Charner, Sarah Engel, Jack Forrest, Allison Gordon, Elise Hammond, Jennifer Henderson, Betsy Klein, Jamiel Lynch, Sean Lyngaas, Mary Kay Mallonee, Lauren Mascarenhas, Pete Muntean, Tori B, Powell, Rachel Ramirez, Amy Simonson, Aditi Sangal, Michael Williams Organizations: CNN, US Coast Guard, Baltimore City Fire, Divers, Maryland Gov, Guard, Transportation Safety, National Transportation Safety, Baltimore Police, CASA, The Ministry of Foreign Affairs, Mexican Embassy, American Pilots Association, Reconstruction, Vital, Transportation, El, Maritime, Port Authority of, Infrastructure Security Agency, Coast Guard, for Disease Control, Gov, Association of Maryland Pilots, ”, NTSB Locations: Baltimore, ”, El Salvador, Guatemala, Mexico, San Luis, Camotán, Washington, US, Patapsco, El Salvadoran, Maryland, Port Authority of Singapore

☆ Biden Vows Federal Help After Bridge Collapse in Baltimore
▼ + stars: | 2024-03-26 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

President Biden said on Tuesday that the federal government would “pay the entire cost of reconstructing” the collapsed Francis Scott Key Bridge in Baltimore, adding that he hoped it would be rebuilt and reopened “as soon as humanly possible.”Mr. Biden’s midday remarks from the White House came as he sought to demonstrate a robust federal government response to the bridge disaster, the second on a major interstate highway in the nation’s Northeast Corridor in 10 months. The president’s optimism about rebuilding Baltimore’s bridge follows the successful effort last summer to put back together an Interstate 95 overpass in Philadelphia that collapsed after a fire. Mr. Biden visited six days later and stood alongside Pennsylvania’s governor for an announcement that the overpass would be repaired and reopened within two weeks. Baltimore’s bridge collapse is a far larger infrastructure project that is all but certain to take much longer to repair. Mr. Biden said at the White House that he expected to visit “as soon as I can.” No trip has yet been arranged, officials said.

Persons: Biden, Francis Scott Key, Mr, Pennsylvania’s, “ Organizations: White Locations: Baltimore, “, Philadelphia

☆ Baltimore bridge collapse poses little threat to U.S. economic growth, experts say
▼ + stars: | 2024-03-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Auto companies like BMW and Volkswagen will likely be hit hardest at first, he added, given their heavy reliance on the Baltimore port. Regional economyFor the city of Baltimore, though, the economic impacts of the bridge collapse will hit harder and last longer. The Baltimore port directly employs over 15,000 workers and indirectly supports nearly 140,000 jobs via other port activities, according to Maryland Gov. Baltimore port employees could be temporarily furloughed, or see disruption in their work hours amid the shutdown. "The bridge collapse is the latest challenge for Northeast U.S. supply chains," said S&P Global Head of Supply Chain Research Chris Rogers.

Persons: Francis Scott Key, Roberto Schmidt, Baltimore's Francis Scott Key, Joseph Brusuelas, DALI, Joe Biden, Brusuelas, Mark Zandi, Wes Moore, Zandi, Research Chris Rogers, It's, we've Organizations: AFP, Getty, RSM, Auto, BMW, Volkswagen, Depot, IKEA, shipper FedEx, CNBC, Maryland Gov, Afp, Northeast, Supply, Research, Others Locations: Baltimore , Maryland, Singapore, Baltimore, of Baltimore, Port, United States, of LA, Northeast U.S, Sea, Panama

☆ The all-metal house that was once considered the future of American architecture
▼ + stars: | 2024-03-25 | by ( Chris Menrad | ) edition.cnn.com time to read: +7 min

Now part of the permanent collection at the Palm Springs Art Museum, the story of Albert Frey’s “Aluminaire House,” and its significance in the history of architecture is quite remarkable. If you had never seen a modern house — and most Americans had not — it probably looked like a set for a science fiction movie. Even today, it looks “like it’s from another planet,” said Palm Springs Art Museum CEO Adam Lerner. After years of negotiations and fine-tuning the logistics, the Foundation donated Aluminaire House to the Palm Springs Art Museum in 2020, which subsequently raised $2.6 million to cover the cost of its rebuilding and future care. Reconstruction work underway on Frey's Aluminaire House at the Palm Springs Art Museum, pictured on January 10, 2024.

Persons: Albert Frey’s “, ”, Frey, Lawrence Kocher, . Frey, Kocher, Le Corbusier, Chris Menard, Aluminaire, Adam Lerner, Wallace K, Harrison, Jack Hobhouse, Joseph Rosa, Rosa, Michael Schwarting, Frances Campani, Schwarting, Campani, Ian L, Sitren, —, Leo Marmol, “ Organizations: CNN, Springs Art Museum, Contemporary, Architectural, Allied Arts Exposition, Bauhaus, Springs Art, New York Institute of Technology, Aluminaire Foundation, Foundation, ZUMA, Alcoa Corporation, Palm Springs Art Museum Locations: New York City, California, ”, Swiss, New York, French, Manhattan, Springs, Syosset , New York, Palm Springs , California, Islip, Schwarting, NYIT, Sunnyside , Queens, Palm, Palm Springs

☆ How to 3D-print a school in a war zone
▼ + stars: | 2024-03-25 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +11 min

Project Hive will provide the school with four extra classrooms to help it accommodate additional students displaced by the war, said Bonis. But he continues undeterred: “(This) is also a way of taking technology to give back hope.”A model of the 3D-printed school showing the four new classrooms. Where 3D printing is really great is when you have special geometries and shapes, because you’re totally free. According to Lange, there are cheaper, faster alternatives to 3D printing, such as prefabricated and modular buildings. Team4UAReconstructing communitiesTeam4UA is not the only organization to see the potential of 3D-printed construction in disaster and conflict zones.

Persons: Jean, Christophe Bonis, “ I’m, ” Bonis, Team4UA, Olga Gavura, “, ”, DUS, Christian Lange, you’re, Hong Kong University Lange, Lange, Jack Oslan, Oslan, ‘, Andriy Zakaliuk, Bonis, “ It’s Organizations: CNN, Team4UA, United Nations ’ International Organization for Migration, ”, Balbek, Ars Longa, Dubai Future Foundation, Hong Kong University, Robotic, 7CI Group, Russian, Diamond, Kyiv School of Economics, Lviv City Council’s Locations: Lviv, Ukraine, Europe, Russia, —, Texas, Austin , Texas, Nacajuca, Mexico, Dubai, Malawi, Arizona, “, Kherson, Kyiv

☆ US reindustrialization will be the top investment theme of coming decades, RBA says
▼ + stars: | 2024-03-23 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +4 min

The "US industrial renaissance" will be the top investment theme of the coming decade, Richard Bernstein Advisors said. The trend of American companies shifting away from dependence on foreign labor and supply chains should dominate investment strategies in the coming decades the firm said. "The market is already rewarding the beneficiaries of this capital reallocation, but we expect years, if not decades, of further performance from this critical investment theme," RBA president Richard Bernstein said in a note this week. For the US, that means big investment in infrastructure on manufacturing will be needed in the coming years as the world reorients. "The market has already recognized the re-industrialization investment theme despite investors' myopia with respect to more exciting technology-related themes, like artificial intelligence.

Persons: Richard Bernstein, Overreliance, Bernstein, — Organizations: Richard Bernstein Advisors, Service, Republicans Locations: America

☆ Russia is returning to its Cold War posture with plans to increase troops along its NATO borders, Lithuania's PM warns
▼ + stars: | 2024-03-22 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia plans to increase its troops along its border with NATO, Lithuania's prime minister said. Ingrida Šimonytė said Russia is returning to a Cold War posture and Europe needs to be prepared. AdvertisementRussia is returning to its Cold War posture and is preparing to seriously grow the number of troops that it has along its shared borders with NATO, Lithuania's prime minister warned. Ingrida Šimonytė told Business Insider in an interview that the rebuilding of Russia's military capacities on its borders with NATO member states means that it is "returning to the Cold War sort of posture." As Business Insider previously reported, this is the kind of language Putin used before he launched his full-scale invasion of Ukraine.

Persons: Ingrida Šimonytė, —, Šimonytė, Russia hadn't, It's, Vladimir Putin, Putin Organizations: NATO, Service, Ukraine, EU, Finland, Business, Lithuania, for Locations: Russia, Europe, Estonia, Lithuania, Latvia, Finland, Ukraine, Kaliningrad, Soviet Union, Russia's, Baltic

☆ If you've distanced yourself from a difficult parent but miss them, here's 3 signs it's safe to reconnect
▼ + stars: | 2024-03-19 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Some parents are so destructive, critical, and abusive that an adult child has no option but to choose between their own mental health and the parent. "So often there's a great amount of misunderstanding between the generations where the adult child might say, 'well, you emotionally abused me, you harmed me, you neglected me.' And the parent is like, 'Look, I was raised with abusive parents, you did not have an abusive childhood.' If you're missing a cut-off parent but are worried about letting them back into your life, he shared three signs that it's safe to reconnect. Your parents are taking responsibilityColeman helps parents whose adult children have gone no-contact try to turn things around.

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