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☆ Opinion | Electricity Demand Is Surging. Let’s Not Fry the Planet in Response.
▼ + stars: | 2024-05-13 | by ( Jonathan Mingle | ) www.nytimes.com time to read: +1 min

Electric utilities from Georgia to Wisconsin to Virginia are predicting a dizzying surge in power demand from new industrial facilities, electric vehicles and, most of all, the data centers that store our digital photos and will enable large-language models for artificial intelligence. For months now, they have been signaling that they won’t be able to keep up. To keep the lights on, many utility companies are proposing to build dozens of new power plants that burn natural gas. North Carolina-based Duke Energy alone wants to add 8.9 gigawatts of new gas-fired capacity — more than the entire country added in 2023. But to get there, legislators will need to overhaul the incentives driving utilities to double down on natural gas, so that they can turn a profit without cooking the planet.

Persons: Biden Organizations: Duke Energy Locations: Georgia, Wisconsin, Virginia, North Carolina

☆ Putin replaces Russia's defense minister with civilian economist in unexpected move
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: +3 min

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin attends the Victory Day military parade in central Moscow on May 9, 2024. Mikhail Klimentyev | Afp | Getty ImagesRussian President Vladimir Putin tapped a civilian economist as his surprise new defense minister on Sunday in an attempt to gird Russia for economic war by trying to better utilize the defense budget and harness greater innovation to win in Ukraine. More than two years into the conflict, which has cost both sides heavy casualties, Putin proposed Andrei Belousov, a 65-year-old former deputy prime minister who specializes in economics, to replace his long-term ally, Sergei Shoigu, 68, as defense minister. That, said Peskov, meant it was vital to ensure such spending aligned with and was better integrated into the country's overall economy, which was why Putin now wanted a civilian economist in the defense ministry job. Putin's move, though unexpected, preserves balance at the top of the complex system of personal loyalties that make up the current political system.

Persons: Vladimir Putin, Mikhail Klimentyev, Putin, Andrei Belousov, Sergei Shoigu, Nikolai Patrushev, Patrushev, Dmitry Peskov, Peskov, Belousov, Alexander Baunov Organizations: Sputnik, Victory Day, Afp, Getty, Security, Putin, West, Defence, Carnegie Russia Eurasia Center Locations: Russian, Moscow, Russia, Ukraine, Soviet Union

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ I'm moving out of Texas after 60 years there. The culture has changed and big tech firms have made Austin too expensive.
▼ + stars: | 2024-05-12 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Austin has been my home for more than 60 years — minus the time spent following around my military husband. Austin just isn't what it used to beMy family and I moved to Austin in 1963. The University of Texas students really kept the city young and on its toes. AdvertisementIt costs so much to afford homes in Austin nowAfter moving to South Carolina for the military, my husband and I moved back to Austin in 1998. AdvertisementThere are things I am going to miss about Austin, like the cheap gas, and the HEB grocery market.

Persons: Flora Batts, —, Austin, wasn't, BrandonSeidel, Shawn Phillips, Michael Dell, they've, It's, Batts, I'm, doesn't, Joy, We've, we've, it's Organizations: Service, Austin, Capitol, The University of Texas, Tech, Social Security, Batts I'm, Paramount Locations: Texas, Pennsylvania, Flora Batts, Odem, Amarillo, Austin, Dallas, Houston, North Austin, South Carolina, Batts Texas, Colorado, Virginia, Erie, Austin . In Erie, Lake Erie

☆ Election Updates: Trump returns to the trail as Biden makes a West Coast fund-raising swing.
▼ + stars: | 2024-05-11 | by ( Chris Cameron | ) www.nytimes.com time to read: +5 min

The thinking of party leaders is that Mr. Hernandez would stay in the race if he won the nomination, running interference for Ms. Lake. “They’re not even trying to cover their tracks at this point,” Cody Hannah, a co-chair of the Arizona Green Party, said in an interview on Friday. We know they aren’t genuine Greens.”Efforts to reach Mr. Norton and Mr. Hernandez were not immediately successful. Mr. Hannah, the Green Party’s co-chair, said party members were not familiar with either Mr. Hernandez or Mr. Norton. “These are people who essentially have no connection to our party deciding who’s on our primary ballot,” he said.

Persons: Mike Norton, Arturo Hernandez, —, Norton, Ruben Gallego, Hernandez, Kari Lake, Donald J, Trump, Gallego, Eduardo Heredia, “ They’re, ” Cody Hannah, “, Lake, Kyrsten Sinema, Robert F, Kennedy Jr, circulators, Mr, Joe Lombardo, Hannah, ” Organizations: Arizona Green, U.S . Senate, Republicans, Green Party, Democratic, Green Party of, Arizona Green Party, Greens, Democratic Party, Republican Party, Senate, Green, New York Times, Republican, Federal, Commission Locations: Arizona, Quintana, Green Party of Pima County

☆ I dreaded going on a month-long trip with my mother. But after some fights, the trip helped us form a stronger bond.
▼ + stars: | 2024-05-11 | by ( Evan Lambert | ) www.businessinsider.com time to read: +5 min

We had different ideas about what our trip should beWhen my mom had initially invited me to "visit stone circles in the UK," I had misunderstood this as "taking a selfie at Stonehenge." Then there were the stone circles. We never fought about my queerness or the fact that I was never going to attend medical school. AdvertisementThus, at that moment, in front of Llywelyn, I realized that I'd gotten closer to my mom on this trip. She'd accomplished her goal of teaching me about my heritage, whereas I'd realized that, to her, I was the Prince of Wales.

Persons: we'd, Lambert, Prince of Wales, a.k.a, Llywelyn ap Gruffudd, begrudgingly, Llywelyn, I'd, She'd Organizations: Service, Business Locations: Birsay, Scotland, Edinburgh, Cornwall, Wales

☆ Energy CEO said he canceled a $100M contract with Neom when he realized the Saudis were bulldozing villages to make space
▼ + stars: | 2024-05-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Malcolm Aw said he pulled out of a Neom contract because of alleged Saudi human rights abuses. AdvertisementA green energy founder pulled out of a $100 million Neom contract after he realized that the Saudis were bulldozing villages to make way for the megacity. AdvertisementHowever, satellite images analyzed by the BBC showed three villages, including schools and hospitals, were destroyed to make way for Neom. Aw's company uses solar energy for desalination, while most desalination plants burn fossil fuels and have been found to pollute oceans. "You know, we have the technology to solve the [green energy] problem that people are complaining about today.

Persons: Malcolm Aw, —, Neom, Mohammed bin Salman's, Aw, Col Rabih Alenezi, Abdul Rahim al, Aw Boon Haw, Fatima al, Shawarbi, there's Organizations: Solar Water, Service, Solar, Saudi, BBC News, BBC, Neom, UN, BI, Bloomberg Locations: Saudi, Saudi Arabia, Dubai, Qatar, Neom

Learn moreWhether you have yet to buy a Mother's Day gift or just want to shop this weekend, Best Buy has you covered. The retailer is holding another three-day event, so we've gathered the best Best Buy deals the store has to offer this week. Apple is also a prevalent player in this week's Best Buy deals, with the 2nd Gen AirPods down to only $80 and the 2nd Gen Apple Pencil down to $79. Best Buy sale quicklinks Appliances : Get up to 30% off major appliances. Shop at Best BuyThis is just a small taste of this weekend's top Best Buy sale picks.

Persons: we've, AirPods, It's, Dyson, JBL, It’s, Mason Organizations: Business, JBL, 2nd, Apple, Canon, Sony, Fujifilm, iPad, Apple Watch

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. Oklo's business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. "I don't see a way for us to get there without nuclear," Altman told CNBC in 2023. It's not Altman's only foray into nuclear energy or other infrastructure that could power large-scale AI growth.

Persons: Sam Altman, Altman, Oklo, Bill Gates, Jeff Bezos, Jacob DeWitte, hasn't, we've, DeWitte, It's, Helion, OpenAI Organizations: Economic, New York Stock Exchange, AltC, U.S . Air Force, Microsoft, Amazon, CNBC, U.S . Nuclear Regulatory Commission, NRC, DeWitte, Nvidia Locations: Davos, Switzerland, Idaho, OpenAI's San Francisco, U.S, Saudi Aramco, Rain

☆ Ford names ex-Lucid Motors exec as next CFO, promotes current chief
▼ + stars: | 2024-05-10 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Ford Motor on Friday named the former chief financial officer of electric vehicle startup Lucid to replace its current CFO, who is being promoted to more closely oversee the company's ongoing turnaround plan. The ex-Lucid executive, Sherry House, will join Ford first as finance vice president in early June. She's set to transition into the CFO role in early 2025, the company said in a press release. In the meantime, current CFO John Lawler will continue in his position while expanding his role to become vice chair. "Make no mistake, EVs are coming, EVs are part of the future," Lawler had told CNBC back in February.

Persons: John Lawler, Linda Zhang, Sherry House, She's, Lawler, Ford, Sherry, Jim Farley Organizations: New York Stock Exchange, Ford, CNBC, Lucid Motors, General Motors Locations: New York City , New York, U.S, Saudi Arabia

☆ Coral reefs are experiencing another global bleaching event. Growing corals on artificial reefs could help save them
▼ + stars: | 2024-05-09 | by ( Michelle Cohan | ) edition.cnn.com time to read: +6 min

Like other coral reefs, over the last few decades, this vibrant ecosystem has been suffering from the effects of climate change, with the National Oceanic and Atmospheric Administration recently reporting a fourth global mass bleaching event – the second in the last decade. Bleaching happens when the corals become stressed due to changes in their environment and expel the colorful algae living on them. University of MiamiIn partnership with the city of Miami Beach, two hybrid reefs were deployed in March 2023. Coral gardeningLirman’s team has been growing and testing coral colonies at the university for more than 15 years. A global problemOcean ecosystems are declining and suffering around the world, Lirman says.

Persons: ”, Diego Lirman, Lirman, ” Lirman, “, Emily Esplandiu, they’ve, “ We’re Organizations: CNN, Miami, National Oceanic, Atmospheric Administration, University of Miami, North Miami Beach, International Maritime Organization, Miami Beach, Dade, US Department of Defense Locations: Miami Beach , Florida, North Miami, Miami Beach, Miami

☆ Big Chinese cities are making it easier to buy homes to boost depressed property market
▼ + stars: | 2024-05-09 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”

Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing

☆ Boeing Locks Out Firefighters in Contract Dispute, and Biden Weighs In
▼ + stars: | 2024-05-09 | by ( Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Contract negotiations between Boeing and a union representing firefighters at some of the company’s commercial plane factories broke down last week. On Thursday, President Biden called on both sides to return to the negotiating table. The company locked out about 125 workers represented by a chapter of the International Association of Firefighters union on Saturday after failing to reach an agreement on a new contract, said Casey Yeager, the president of the union chapter, I-66. The previous contract expired on March 1, but the firefighters, who work at Boeing’s plants in the Seattle area, continued to work under its provisions. The talks, conducted with the help of a federal mediator, stalled after the firefighters rejected what the company had said was its final offer.

Persons: Biden, Casey Yeager, Yeager, ”, “ Organizations: Boeing, International Association of Firefighters Locations: Seattle

☆ Goldman and JPMorgan see big upside for this under-the-radar steel stock
▼ + stars: | 2024-05-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs and JPMorgan think steel producer Ternium can strengthen its presence in South America resulting in big upside for the stock. JPMorgan has an outperform rating on Ternium stock, with a $54 per share price target which equates to nearly 33% upside from Monday's $40.31 close. Goldman Sachs, meanwhile, is buy rated on Ternium with a $51 per share price target, or about 27% upside moving forward. TX YTD mountain Ternium stock. The firm's $47 per share price target amounts to nearly 17% upside moving forward.

Persons: Goldman Sachs, Goldman, Morgan Stanley Organizations: JPMorgan, U.S Locations: South America, America, Argentina, Brazil, Columbia, Guatemala, Mexico

The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.

Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, “, ”, Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, ’, Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, ”, SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western

☆ The world's largest fans designed to suck carbon from the air are up and running in Iceland
▼ + stars: | 2024-05-09 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Climeworks' direct-air-capture plant can remove up to 36,000 metric tons of carbon from the air a year. AdvertisementThe startup Climeworks this week switched on the largest direct-air-capture plant, which pulls carbon dioxide from the sky and locks it away underground. Climateworks' Mammoth plant also cost hundreds of millions of dollars to build, though the company didn't disclose the exact amount. AdvertisementClimeworks aims to become large enough to remove 1 million metric tons of carbon a year by 2030 and 1 billion metric tons by 2050 — or a megaton and gigaton. The two plants could remove more than 2 million metric tons of carbon dioxide from the air each year.

Persons: Climeworks, —, it's, JPMorgan Chase, Jan Wurzbacher, Wurzbacher Organizations: Service, UN, Carbon Project, Microsoft, Swiss, JPMorgan, US Department of Energy, Occidental Petroleum Locations: Mammoth, Iceland, Paris, Canada, Norway, Oman, Kenya, Louisiana, West Texas

☆ Waste-management facilities are using AI to turn trash into recycled treasure
▼ + stars: | 2024-05-09 | by ( Leila Jordan | ) www.businessinsider.com time to read: +7 min

The company's software, installed at waste-management sorting facilities, uses artificial intelligence to identify misplaced materials in waste streams. Greyparrot devices also catalog what enters the facility so that waste-facility managers can better understand what they're collecting. Data is transforming the way waste-management facilities operateSince 2020, the UK waste-management company Grundon has been using Greyparrot devices in three of its facilities. GreyparrotGrundon's feedback also led to updates in the Greyparrot device's capabilities. AI development is also promising a brighter future for waste-management facilities and their perception.

Persons: Steven Cohen, Druckman, Greyparrot, Grundon, Owen George, George, Cohen Organizations: Service, Columbia University, Environmental Protection Agency, Bollegraaf Locations: United Kingdom, South Korea, United States, Grundon

☆ Thailand decriminalized cannabis 2 years ago. Its prime minister wants to ban it again.
▼ + stars: | 2024-05-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Thailand's prime minister has called for a ban on recreational cannabis in a major U-turn. Thailand was the first Asian country to decriminalize cannabis for recreational use in 2022. AdvertisementThailand's prime minister wants to ban cannabis just two years after his country decriminalized it for recreational use. AdvertisementThailand was the first Southeast Asian country to legalize medical cannabis in 2018, and the first Asian country to decriminalize recreational cannabis in 2022, according to Forbes. Other countries have legalized or decriminalized cannabis for recreational use in recent years, including Canada, Germany, Mexico, and South Africa.

Persons: Thailand's, Srettha Thavisin, —, Thavisin, Anutin Charnvirakul Organizations: Service, country's Ministry of Public Health, Forbes, New York Times, Bloomberg, District of Columbia, Prohibition Partners, Thailand's Center, Addiction Locations: Thailand, Thai, Canada, Germany, Mexico, South Africa

☆ Russia pounds Ukraine with biggest airstrikes in weeks
▼ + stars: | 2024-05-08 | by ( Olga Voitovych | Martin Goillandeau | ) edition.cnn.com time to read: +3 min

CNN —Russia carried out a “massive” missile attack on Ukrainian energy infrastructure overnight into Wednesday, according to local authorities, in the biggest aerial onslaught by Russian forces for weeks. Russia used 76 air attack weapons in the assault, including 55 missiles and 21 drones launched from Russia and Russian controlled areas, according to Ukrainian Air Force Commander Mykola Oleshchuk. Rescuers assess the ruins of a building, damaged by a Russian missile attack in Kyiv region, Ukraine on May 8, 2024. Handout/Ukrainian Emergency Service/APMoscow has stepped up efforts to paralyze Ukraine’s energy system in the past month, as Kyiv’s troops struggle to hold positions on key frontlines particularly in the east. The latest Russian attack hit three thermal power plants run by Ukraine’s biggest power company, DTEK.

Persons: Mykola Oleshchuk, Herman Halushchenko, ” Halushchenko, Maksym Kozytskyi, Volodymyr Zelensky, ” Organizations: CNN, Ukrainian Air Force, country’s Energy, Emergency, AP, Ukraine’s, Nazism Locations: Russia, Russian, Ukraine’s Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano, Frankivsk, Vinnytsia, Kyiv, Kyiv region, Ukraine, Handout, AP Moscow, Avdiivka, Ukraine’s, Chervonohrad, Stryi

☆ A gut health dietitian shares her 4 favorite fiber-filled, minimally processed Costco snacks
▼ + stars: | 2024-05-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

When dietitian Megan Hilbert buys snacks she looks for minimally processed whole foods. AdvertisementA gut health dietitian shared the four healthy snacks she buys on repeat from Costco. Studies have found that a more diverse microbiome is a healthier one, and this is important because research increasingly shows that gut health is linked to overall health. 'That's It' dried fruit barHilbert and her partner are big fans of Costco's "That's It" fruit bars. AdvertisementAs the name suggests, they contain only dried fruit with no added sugar or other ingredients.

Persons: Megan, Hilbert, —, Megan Hilbert, hasn't Organizations: Costco, Service, Northeastern University's Network Science Institute, Cleveland Clinic, Kirkland Locations: UPFs

☆ ‘World’s largest’ plant to suck carbon out of the air and turn it into stone opens in Iceland
▼ + stars: | 2024-05-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

Direct air capture, or DAC, is a technology designed to suck in air and strip out the carbon using chemicals. Climeworks plans to transport the carbon underground where it will be naturally transformed into stone, locking up the carbon permanently. ClimeworksClimeworks' Mammoth plant will eventually be able to capture 36,000 tons of carbon from the air. It will increase the size of equipment to capture carbon pollution. It’s this kind of process that makes some critics concerned carbon removal technologies could be used to prolong production of fossil fuels.

Persons: ”, Lili Fuhr, Haukur, Climeworks Climeworks, Stuart Haszeldine, it’s, Jan Wurzbacher Organizations: CNN, Climeworks, Center for International Environmental Law, Mammoth, University of Edinburgh, International Energy Agency, Stratos, Occidental Locations: Iceland, Swiss, Texas, Occidental, Kenya, United States

☆ Ukraine war live updates: Russians inflict 'massive attack' on Ukraine's energy network, leaving power plants damaged
▼ + stars: | 2024-05-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia used more than 50 missiles and 20 drones to attack Ukraine's infrastructure overnight, Ukraine's President Volodymyr Zelenskyy said Wednesday morning, with the country's energy network suffering a "massive attack." "The enemy does not abandon plans to deprive Ukrainians of light. Again a massive attack on our energy!" Ukraine's Energy Minister German Galushchenko said on Facebook Wednesday. Power plants and transmission facilities were attacked in a number of regions, he said, including the southern Zaporizhzhia region and Vinnytsia and Lviv in central and western Ukraine.

Persons: Volodymyr Zelenskyy, German Galushchenko Organizations: Ukraine's Energy, German, Facebook Locations: Russia, Vinnytsia, Lviv, Ukraine

☆ For US renters, the chance of owning a home is going from bad to worse
▼ + stars: | 2024-05-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.

Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, “, Perdue “, ”, Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China

☆ Russia Hits Ukrainian Power Plants, Further Straining Energy System
▼ + stars: | 2024-05-08 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

A large Russian missile and drone assault caused serious damage to several power plants across Ukraine early Wednesday, Ukrainian officials said. Ukraine’s largest private electricity company, DTEK, said in a statement that three thermal power plants had been hit, further straining Ukraine’s electricity generation capacity, which was already reeling from previous assaults. Ukrenergo, Ukraine’s national electricity company, said that it might have to cut power to some domestic and industrial customers on Wednesday evening as a result. “You have to be prepared for this,” Volodymyr Kudritskyi, the head of Ukrenergo, told the Ukrainian news media. The attacks have hit Ukraine at a particularly difficult moment.

Persons: Volodymyr Kudritskyi Locations: Russian, Ukraine

☆ Environmental Changes Are Fueling Human, Animal and Plant Diseases, Study Finds
▼ + stars: | 2024-05-08 | by ( Emily Anthes | ) www.nytimes.com time to read: +1 min

Several large-scale, human-driven changes to the planet — including climate change, the loss of biodiversity and the spread of invasive species — are making infectious diseases more dangerous to people, animals and plants, according to a new study. Scientists have documented these effects before in more targeted studies that have focused on specific diseases and ecosystems. For instance, they have found that a warming climate may be helping malaria expand in Africa and that a decline in wildlife diversity may be boosting Lyme disease cases in North America. “It’s a big step forward in the science,” said Colin Carlson, a biologist at Georgetown University, who was not an author of the new analysis. “This paper is one of the strongest pieces of evidence that I think has been published that shows how important it is health systems start getting ready to exist in a world with climate change, with biodiversity loss.”

Persons: “, ”, Colin Carlson Organizations: Georgetown University Locations: Africa, North America

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