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☆ Affordable Housing Crisis in US West: Why It's Hard to Build New Homes
▼ + stars: | 2023-09-13 | by ( Kyle Paoletta | ) www.businessinsider.com time to read: +15 min

The solution to keep prices under control seems fairly simple: Just build more housing. For a time, sprawl boosted housing supply and accommodated newcomers to the West: Nearly 60 million more people live in the region now compared with the 1950s. Running out of landWhen the economy crashed in 2008, housing construction screeched to a halt. All this red tape has caused a serious slowdown in much-needed housing construction. Build, build, buildDespite the unique challenges of building in the paradoxically wide-open West, some cities have been able to break through.

Persons: Mike Segrest, Megan Lawson, Kyle Stevens, Carrier Johnson, “, Lawson, Land Management . Nevada Sen, Catherine Cortez Masto, Kyle Roerink, Hillary Schieve, Schieve, Howard Blackson, Kyle Paoletta's Organizations: Forest Service, Southern Ute, Marin Headlands, Bureau, Land Management ., Water Network, Biggest, Biggest Little City, Housing Administration, Harper's Magazine, New York Magazine, Oasis Locations: Colorado, Durango ., it's, Animas, San Juan Mountains, Durango, Las Vegas, Montana, Houston, Minneapolis, Rocky, Phoenix, Denver, Mississippi, San Diego, San Jose , California, Marin County, San Francisco, Santa Fe , New Mexico, Jackson , Wyoming, California, Land Management . Nevada, Vegas, Reno , Nevada, Reno, Cumulatively, Biggest Little, Summit, Washington

Jenny StrasburgJenny Strasburg is a reporter in London, where she writes for The Wall Street Journal about oil and gas, climate, the transition to lower-carbon energy and the people, money and politics setting the global energy agenda, in conflict with it, or left behind because of it. Jenny previously covered global investment banks in the U.S. and Europe, as well as hedge funds, trading and markets, with a focus on in-depth investigations, before pivoting to Covid-19 vaccines and geopolitical responses to the pandemic. Jenny has shared collaborative-reporting honors including the George Polk Award, Gerald Loeb Award, New York Press Club Award, National Headliner Award and Sabew Best in Business Award. She completed the Knight-Bagehot Fellowship in economics and business journalism at Columbia University before writing about private investment funds at Bloomberg News. She joined the Journal in 2008 in New York, before moving to the U.K. in 2013.

Persons: Jenny Strasburg Jenny Strasburg, Jenny, George Polk, Gerald Loeb Organizations: Wall Street, New York Press, Columbia University, Bloomberg News Locations: London, U.S, Europe, New Mexico, West Texas, Corpus Christi, San Francisco and New York, New York

☆ Eddie Wu: Alibaba's new CEO embraces AI and wants a younger management team
▼ + stars: | 2023-09-12 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history. “Times are changing, and so must Alibaba!” Eddie Wu, who stepped into the chief executive role on Sunday, said in a memo to staff seen by CNN. Wu replaced Daniel Zhang to become Alibaba (BABA)’s fourth CEO in its 24-year history. According to a plan announced in March, Alibaba will split into six separate units, including cloud, e-commerce, logistics, media and entertainment. Top tech firms around the globe have been shifting their focus to AI, including Google (GOOG), Amazon (AMZN) and Microsoft (MSFT), especially after ChatGPT took the world by storm late last year.

Persons: Eddie Wu, Wu, Daniel Zhang, ’, “, Alibaba, ChatGPT Organizations: Hong Kong CNN — Alibaba, “, CNN, Google, Microsoft Locations: China, Hong Kong

☆ Homeowners should be worried about a legal battle that could jeopardize 'the stability of the housing market,' the head of a federal consumer watchdog says
▼ + stars: | 2023-09-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court will soon hear a case challenging the CFPB's funding structure. Housing groups also warned of chaos in the industry if CFPB's funding is upended. But the Supreme Court threat to the CFPB's funding structure "would raise significant concerns for the stability of the housing market and the financial system more broadly," Chopra said. "Reverting to a system without these regulations would create uncertainty for the mortgage industry and the economy," Chopra said. At this point, it's unclear how broadly the Supreme Court will rule, and if it will strike down the CFPB's funding structure entirely.

Persons: Rohit Chopra, —, Chopra, homebuyers Organizations: Housing, Service, Financial, Community Financial Services Association of America Ltd, Consumer Financial, Bureau, Federal Reserve, Fifth Circuit, Mortgage Collaborative National Conference, Congress, Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors Locations: Wall, Silicon

☆ Carbon accounting company Optera just raised a $12 million Series A with this redacted 7-slide pitch deck
▼ + stars: | 2023-09-12 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Carbon accounting startup Optera just a raised $12 million Series A round. We got a look at the 7-slide pitch deck the company used to raise the cash. US carbon accounting company Optera has raised $12 million in Series A funding. The Colorado-based firm, founded in 2006 as a boutique consultancy, helps big companies measure, track, and report their emissions. The round was led by existing investor Next Frontier Capital, with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital.

Persons: Optera, Tim Weiss, Weiss, headcount Organizations: Frontier, Dell, Sonoma, Blackhorn Ventures, Mucker, SaaS Ventures, Valo Ventures, AngelList, Stout Locations: Europe, Asia, Colorado, verticals, Grove, Williams, North America

☆ Opinion | America Already Knows How to Make Childbirth Safer
▼ + stars: | 2023-09-11 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

The Supreme Court decision overturning abortion rights may lead to still more maternal deaths, by further limiting access to reproductive care in the United States. The concern is particularly acute in states like Mississippi, which have among the highest rates of maternal deaths in the country and have enacted near total bans on abortion. Yet the United States seems to have accepted these deaths, failing to widely carry out measures that have been shown to stop them. In 2006, its Department of Health began investigating maternal deaths, which were on the rise in the state. The same year, it began a public-private partnership with Stanford University, known as the California Maternal Quality Care Collaborative, aimed at reducing the deaths.

Persons: Covid Organizations: of Health, Stanford University Locations: United States, Mississippi, California

South Dakota regulators on Monday rejected a permit application for a proposed carbon dioxide pipeline through the state, dealing a fresh setback to the company behind the multistate project after North Dakota refused a siting permit for another leg there. The decision complicates an already complex process for Summit Carbon Solutions as it seeks similar authorization in other states amid opposition from landowners and environmental groups. Political Cartoons View All 1152 ImagesThe South Dakota panel's vote came on a motion made Friday by commission staff. They said Summit's proposed route would violate county ordinances involving setback distances. North Dakota regulators last month denied Summit a siting permit for its 320-mile (515-kilometer) proposed route through the state.

Persons: Summit, Summit's, Kristen Edwards, Brett Koenecke, Gary Hanson, ” Hanson, Lee Blank, Koenecke, Brian Jorde, ” Organizations: North Dakota, South Dakota Public Utilities Commission, Carbon Solutions, ”, Summit, Iowa Utilities Board, Public Service Commission Locations: Dakota, North, Iowa , Minnesota , Nebraska, North Dakota, South Dakota, ”, Omaha, . Minnesota, Minnesota, Fergus Falls

☆ New York City Ballet Was in Peril. Then Came a Revival.
▼ + stars: | 2023-09-09 | by ( Javier C. Hernández | More About Javier C. Hernández | ) www.nytimes.com time to read: +2 min

City Ballet also expanded its presence on Facebook, Instagram and other platforms, taking users behind the scenes of productions like “The Nutcracker” and posting interviews with dancers about their lives outside of ballet. Taylor, a finance leader and the partner of former New York City mayor Michael R. Bloomberg who, in 2021, became the first woman to serve as board chair in City Ballet’s history, worked to galvanize donors. When a potential board member expressed concern about joining “my grandmother’s dance company,” Taylor assured her that City Ballet was not beholden to the past, noting premieres by Peck and others. Donations rose significantly; the spring gala this year, which was attended by Bloomberg, took in $3.5 million, breaking records. As the financial picture improved, City Ballet worked to make its culture more collaborative and inclusive.

Persons: Taylor, Michael R, ” Taylor, Peck, “ Balanchine Organizations: Koch, City Ballet, Facebook, New, New York City, Bloomberg, Ballet Locations: New York

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration after his first choice withdrew March after running into opposition from Republican senators. Whitaker's nomination had been expected for months, and Biden's announcement was praised by several industry and labor groups. The FAA, which regulates airline safety and manages the nation's airspace, has been run by back-to-back acting administrators since March 2022. The first, Billy Nolen, who left FAA in June to join another air taxi company, Archer Aviation, praised Whitaker's nomination in a recent interview. Sara Nelson, president of the Association of Flight Attendants, urged the Senate to confirm Biden’s pick quickly.

Persons: Joe Biden, Obama, Biden, Michael G, Whitaker, Phillip Washington, Kyrsten Sinema, Sen, Ted Cruz, Biden's, Mike, ” Cruz, Stephen Dickson, Donald Trump, Billy Nolen, “, ”, ” Nicholas Calio, Sara Nelson, “ Whitaker Organizations: Federal Aviation Administration, Republican, FAA, Hyundai, TWA, American Airlines, United Airlines, Denver International Airport, Senate, Washington, GOP, Archer Aviation, Airlines for, Association of Flight Locations: InterGlobe, India, United States, Denver, Ted Cruz of Texas, Airlines for America

☆ Why business partnerships are vital for achieving a true AI renaissance
▼ + stars: | 2023-09-07 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +4 min

By Kate Woolley, IBMBy now most of us have played around with generative AI, amusing ourselves with witty pet poems or challenging AI to perform tasks like spelling "lollipop" backward. But while these fun use cases of AI are deservedly having a moment, what should really be celebrated is the transformative power of generative AI for business. Partners should double down on building AI skills and capabilities so they can collaborate and scale AI adoption across industries. With the right technology and skills, business partners will be able to co-create with their clients today and help them envision what they can build tomorrow. We all want to succeed, and only together can we take full advantage of the opportunities that generative AI presents.

Persons: Kate Woolley Organizations: IBM, Companies, Education, Insider Studios Locations: hyperscalers

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ Even Charter thinks that cable TV sucks now
▼ + stars: | 2023-09-06 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

Charter, the second-biggest cable company in the US, says the cable TV model is broken. Fights like this have been common across the history of cable TV. Because Charter pays companies like Disney per subscriber, fewer cable TV subscribers meant less money coming in for TV networks. Charter might never actually say it out loud, but it's clear from the presentation that it thinks the cable TV model sucks now and has become a bad deal for customers. I could easily imagine a new type of cable TV package that mixes some live news and sports channels with access to streaming services.

Persons: it's, That's, Lucia Moses, Chris Winfrey Organizations: Service, Disney, ESPN, Netflix Locations: Wall, Silicon

☆ Judge Blocks Transgender Notification Policy in California School District
▼ + stars: | 2023-09-06 | by ( Anna Betts | More About Anna Betts | ) www.nytimes.com time to read: +2 min

The attorney general, a Democrat, said the school district policy amounted to the “forced outing” of transgender students. It also might deter other school districts in California from imposing similar requirements. In recent weeks, the Anderson Union High School District in Northern California and the Murrieta Valley and Temecula Valley unified school districts in the Inland Empire have enacted policies similar to the one enacted by Chino Valley Unified. Orange Unified School District board members are also scheduled to consider a transgender notification policy on Thursday. Nearly a month into its school year, the Chino Valley Unified School District must shelve its notification policy and await further court proceedings.

Persons: Rob Bonta, Bonta, Judge Thomas S, Garza, Andrea Johnston, ” Mr Organizations: Unified School District, San Bernardino Superior Court, Chino Valley Unified, Anderson Union High School District, Orange Unified School District, Chino Valley Unified School District, Chino Valley Unified School Locations: Chino, San Bernardino, California, Northern California, Temecula, Inland, Chino Valley

☆ Amazon used 6 friendly 'tenets' to woo its rival Shopify into a partnership such as 'better together,' leaked document shows
▼ + stars: | 2023-09-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon and Shopify launched a new Buy with Prime app for Shopify last week. This was true for its partnership with Shopify, a company that Amazon views as a major ecommerce rival. The Amazon "Prime bar" shoppers expect from Amazon.com is maintained on Shopify. We believe we can build a "better together" shopper and merchant experience with Shopify. We lean in to the key differentiators each company has to offer (e.g., Prime, MCF, Amazon App, Shop App) to "grow the pie."

Persons: Shopify, Jeff Bezos Organizations: Shopify, Amazon, Prime, Amazon.com Locations: Santos

While such "carriage disputes" are commonplace in the media world, with TV channels going dark as cable companies negotiate with media companies over how much its channels are worth and how to package channels, this fight is different. Companies like Charter say rising distribution fees are forcing cable companies to increase prices, causing consumers to leave. The nation’s second-largest cable operator said viewership for Disney’s sports, entertainment and children’s programming has declined as the media conglomerate invested in its Disney+ streaming service. Disney is trying to manage declining cable subscribers as it builds streaming offerings. It wants to keep as many cable subscribers as possible while it prepares to offer ESPN directly to consumers on an app.

Persons: Dado Ruvic, Walt Disney, Christopher Winfrey, We’re, Winfrey, “, SVB, Disney, Rich Greenfield, Dawn Chmielewski, Lisa Richwine, Josie Kao Organizations: REUTERS, Charter Communications, ESPN, ABC, Disney, Charter's, U.S, Media, Charter, FX, Los Angeles . Companies, NFL, NBA, Hulu, Thomson Locations: United States, New York, Los Angeles

☆ Opinion: Here are the jobs AI will impact most
▼ + stars: | 2023-09-05 | by ( Bethany Cianciolo | Jessica Chia | ) edition.cnn.com time to read: +42 min

Dan’s research and teaching focus is on using AI for legal services and the regulation of AI in society. For instance, we can develop AI tools to help individuals understand their responsibilities and rights, and preserve and enforce those rights. People in businesses, large and small, are already using chatbots, AI assistants and other AI tools to help them comply with laws, regulations and internal policies. Additionally, new roles are emerging in the legal industry, such as legal engineers who build systems, legal data scientists and legal operations professionals. AI tools will then quickly re-optimize decisions associated with inventory shipments, staffing and promotions.

Persons: ” That’s, Dropbox, Goldman Sachs, isn’t, Erich S, Huang, ” Erich S, Huang I’ve, Regina Barzilay, Barzilay, Geoffrey Hinton, radiologists, —, ’, Daniel W, Linna, Dan, …, ” Daniel W, Refik, Anadol, ”, Adam Elmachtoub, Nisreen, Theodore Kim, don’t, ” Theodore Kim Moreover, Janis Joplin, Jackie Jormp, We’re, Baz Luhrmann’s “, Gatsby, That’s, Leonardo DiCaprio, mockbusters, Eirini, GitHub Copilot, Ashok Goel, Jill Watson, ” Ashok Goel, Kristen DiCerbo, Alireza, Davis Organizations: CNN, CNET, International Association of Machinists, Aerospace Workers, Informatics, Verily, Duke Health, Biomedical Informatics, Duke University School of Medicine, Adobe, Apple, Electrical Engineering, Computer Science Department, MIT, Jameel Clinic, Machine Learning, MacArthur, National Academy of Engineering, American Academy of Arts and Sciences, Northwestern’s Pritzker School of Law, McCormick School of Engineering, Northwestern University’s CS, Center, Better Housing, UCLA’s Department of Design Media Arts, The Museum, Modern Art, Centre Pompidou, Walt Disney Concert, Department of Industrial Engineering, Research, Columbia University, NBA, Spice, Digital Organisation and Society, Royal Holloway, University of London, UK Academy of Information Systems, Yale, Pixar, Technical, Writers Guild of America, SAG, Hollywood, YouTube, Tech, Developers, Georgia Institute of Technology, National AI, Adult, Education, US National Science Foundation, Georgia Tech, Khan Academy, Systems, Studies, Agricultural Engineering, University of California, university’s, Agriculture, Labor Locations: outplacement, Iceland

☆ Disney urges Spectrum users to switch to Hulu live plan
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 4 (Reuters) - Walt Disney (DIS.N) urged customers of Charter Communications' Spectrum cable service to consider switching to a live television option from Hulu as the media companies remain at odds over a new distribution deal. With no deal in place, Disney suggested that Spectrum customers sign up for Hulu + Live TV, a streaming service that offers ESPN, ABC, Disney+ and dozens of other cable channels. "Despite the ongoing dispute, consumers have many other choices—such as Hulu + Live TV—that allow them to enjoy the great programming for which Disney Entertainment is known," the company said in a statement. Disney pulled its channels off Charter's Spectrum cable service last week in the middle of U.S. Open tennis coverage and other live sporting events including college football. Charter has about 14.7 million subscribers to its Spectrum TV service in markets including New York and Los Angeles.

Persons: Brendan McDermid, Walt Disney, Disney, “, ” Disney, Christopher Winfrey, Winfrey, Granth Vanaik, Lisa Richwine, Dhanya Ann Thoppil, Stephen Coates Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Charter Communications, Hulu, ABC, ESPN, Disney, Disney Entertainment, U.S, Spectrum TV, Thomson Locations: New York, U.S, Hulu, Los Angeles, Bengaluru

☆ Disney’s battle with Charter could pose an existential threat to the cable bundle
▼ + stars: | 2023-09-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —It’s a carriage fight that could lead to the dismantling — or revolution — of the cable television bundle. Charter argues that it is paying a premium for Disney content ($2.2 billion in 2023), but that much of the first-class, buzzy content is actually on platforms like Disney+, not the linear channels. And it says it has proposed “creative ways” to make Disney’s DTC offerings available to Charter subscribers. But, in Disney’s eyes, why would it give away access to its expensive DTC content at no additional cost to Charter subscribers? “The Walt Disney Company and Charter have the opportunity to work together on transforming the industry for the long-term benefit of both companies and their customers,” Charter said.

Persons: CNN —, Disney, “, Bob Iger, Chris Winfrey, ” Organizations: CNN, Disney, Charter Communications, US, NFL, ABC, ESPN, Labor, Charter, Warner Bros, Paramount, Comcast, Fox Corporation, Hulu, FuboTV, Walt Disney Company, ”

☆ Column: US offshore wind goals need policy help to reach potential
▼ + stars: | 2023-08-31 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

LITTLETON, Colorado, Aug 31 (Reuters) - The weak showing at the first auction for offshore wind development rights in the Gulf of Mexico highlights the critical role that policymaking must play in making ambitious long-term climate goals compatible with current commercial realities. SMALL SCALE IMPACTOne of the biggest faults of the Gulf of Mexico wind leases is the absence of a viable pathway for wind power generators to profitably sell their power to electricity providers given current market conditions. In contrast to several utilities in the Northeast, which have state-level mandates to purchase certain volumes of power from offshore wind generators, the power systems covering Texas and Louisiana do not allow for similar power purchase agreements to be drawn up. Currently, there is a policy planning chasm between the Gulf Coast's power market systems and the long-term strategies of that region's largest employers and tax payers. But if legislators and corporate planners can recognise they may both gain from the emergence of a vibrant offshore wind energy sector that could cut power sector emissions and generate green hydrogen in abundance, there may be scope for closer collaboration and planning.

Persons: Joe Biden's, Gavin Maguire, Miral Organizations: Reuters, Thomson Locations: LITTLETON , Colorado, Gulf, Mexico, United States, Joe Biden's U.S, Texas, Louisiana

[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.

Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican

☆ Analysis-Grayscale victory big boost for decade-long spot bitcoin ETF push
▼ + stars: | 2023-08-30 | by ( Hannah Lang | Chris Prentice | ) www.reuters.com time to read: +5 min

FILE PHOTO: Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. A spot bitcoin ETF would give investors exposure to the world’s largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, saying applicants have not shown they can protect investors from market manipulation. Grayscale argued the same setup should be satisfactory for its spot ETF, since both products rely on bitcoin’s underlying price. Other firms have spot bitcoin ETF applications with the SEC, including asset management giant BlackRock, Fidelity and WisdomTree.

Persons: Dado Ruvic, Grayscale’s, It’s, ”, Christopher LaVigne, Withers, “, Michael Sonnenshein, Bitcoin, Sui Chung, Joseph Toner, Seth Hertlein, Ryan Louvar, Paul Grewal, ” Coinbase, Withers ’ LaVigne Organizations: WASHINGTON, REUTERS, District of Columbia, Securities and Exchange Commission, SEC, CNBC, Chicago Mercantile Exchange, Fidelity, Coinbase, BlackRock, Supreme Locations: Washington, New York, WilmerHale, BlackRock

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. A spot bitcoin ETF would give investors exposure to the world's largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, saying applicants have not shown they can protect investors from market manipulation. Grayscale argued the same setup should be satisfactory for its spot ETF, since both products rely on bitcoin's underlying price. Other firms have spot bitcoin ETF applications with the SEC, including asset management giant BlackRock (BLK.N), Fidelity and WisdomTree (WT.N).

Persons: Dado Ruvic, Grayscale's, It's, Christopher LaVigne, Withers, Michael Sonnenshein, Bitcoin, Sui Chung, Joseph Toner, Seth Hertlein, Ryan Louvar, Paul Grewal, Coinbase, LaVigne, Carolina Mandl, Tom Wilson, Michelle Price, Jonathan Oatis Organizations: REUTERS, Rights, District of Columbia, Securities and Exchange Commission, SEC, CNBC, Chicago Mercantile Exchange, Fidelity, Coinbase, CME, BlackRock, Supreme, Thomson Locations: Washington, New York, WilmerHale, London

☆ At Taser maker Axon, ex-staff say loyalty meant being tased, tattooed
▼ + stars: | 2023-08-30 | by ( Scottsdale | ) www.reuters.com time to read: +34 min

Reuters also interviewed 63 current and former Axon employees, including nine former executives. No one with whom Reuters spoke was aware of deaths or lawsuits stemming from tasings of Axon staff. Axon has faced fewer lawsuits since 2009, the year it introduced a new Taser model with a lower charge. Screenshots from an Axon promotional video show CEO Rick Smith taking a Taser hit in 1993, the year he co-founded the business. And that’s off-putting.”Gorman, the former Axon lawyer, said he “vividly” remembers an executive asking him if he was going to be tased.

Persons: Ross Blank, Blank, Steve Tuttle, Shawn Gorman, ”, Jennifer Chatman, Rick Smith, Andrea James, ” James, Axon’s, tasings, ” Blank, Tuttle, Staff tasings, “, Valencia Gibson, Gibson, Reuters –, Axon’s “, Bro, Josh Isner, Isner, James, –, Ann Rosenthal, Rosenthal, ” Rosenthal, Sigma Chi, Smith, ” Smith, ” Michael Church, Hans Marrero, Marrero, ” Marrero, “ I’m, ’ ” Smith, “ It’s, ” Gibson, ” ‘, impressionable, squinting, Keara, Rylan, Mihir Shah, ” Shah, Mario Barth, “ Willing, It’s, Isaiah Fields, Wayne Guay, Lamar Cousins, Cousins, Kevin De Rosa Jr, De Rosa, ” Isner, Smith’s, De Rosa bellowed, They’re, ” Gorman, You’re, Jeffrey Dastin, Paresh Dave Art, John Emerson, Julie Marquis Organizations: Enterprise Inc, Reuters, Haas School of Business, University of California, Staff, Scottsdale, Yorker, U.S . Securities, Exchange Commission, . Occupational Safety, Health Administration, federal, Safety, Health, Labor, Sigma, Harvard, Sigma Chi, Boston Magazine, Harvard’s Sigma Chi, U.S . Marine Corps, YouTube, Employment, Los, Keara Berlin, ” Employees, Los Angeles Police Department, Wharton School, University of Pennsylvania, strapping, Culture Locations: Berkeley, Rome, United States, Arizona, U.S, Las Vegas, Los Angeles, “, Berlin, Sacramento, San Jose , California, tasings, Mandalay, Scottsdale, wasn’t

☆ Bassie Maluleka: The South African photographer on a quest to bring Black women to the forefront of fashion and commercial advertising
▼ + stars: | 2023-08-29 | by ( Kaito Au | ) edition.cnn.com time to read: +5 min

CNN —Whether she’s shooting an advertising campaign for Nike or a photo spread for Vogue, photographer Bassie Maluleka’s images will likely have a common theme. By highlighting Black women, she seeks to bring an often-underrepresented demographic to the forefront. “I have a plan; I know what I’m going to do.’”Honing her craftAs an early-career photographer, Maluleka honed her craft through countless test shoots. A self-portrait of South African photographer Bassie Maluleka. “We exist; we just haven’t had much limelight shone our way.”Maluleka said she felt this acutely in South Africa.

Persons: Bassie, ” Maluleka, Maluleka, “, ”, photoshoots, Bassie Maluleka, Victoria Baldwin, Baldwin, haven’t, “ Liezl Organizations: CNN, Nike, Vogue, Puma, Vogue Italia, British, of, Women’s Locations: South Africa, Pretoria, Australia, New Zealand

☆ South Korea's Doosan Robotics opens books for $318 mln IPO
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Aug 28 (Reuters) - South Korea's Doosan Robotics Inc has opened the books on an up to $318 million initial public offering, according to a company filing. Through the IPO, the company is seeking to raise up to 421.2 billion won ($318.3 million), with its market capitalisation expected to be up to 1.69 trillion won. The international bookbuilding will run from Aug. 28 to Sept. 15, while the domestic book will be open Sept. 11-15, Doosan Robotics' regulatory filing said. The company received approval for the IPO from the Korean bourse earlier this month. ($1 = 1,323.2200 won)Reporting by Ju-min Park; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,323.2200, Stephen Coates Organizations: Korea's Doosan Robotics Inc, Doosan Robotics, underwriters, Korea Investment & Securities, Mirae Asset Securities, bourse, Thomson Locations: SEOUL, Korean

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