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☆ Scary high-speed crash, described as ‘one of … if not, the biggest’ in Formula E, leaves multiple cars unable to continue
▼ + stars: | 2023-07-17 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —High-speed racing is accustomed to high-speed collisions, such is the nature of the sport. In total, six drivers could not continue in Saturday’s race because of their involvement in the crash. “Guys, I’m so sorry but I couldn’t do anything.”Bird's car after the high-speed crash. One of the drivers whose race ended prematurely, di Grassi, expressed his relief at just being able to walk away with no injuries. “A community effort to share parts and make sure we can get as many cars as possible on track [on Sunday],” Carmichael-Brown said.

Persons: CNN —, Sam Bird –, Bird, Lucas di Grassi, Sebastien Buemi, Edoardo Mortara, Guiseppe Lami, di Grassi, “, ” di Grassi, Saunders Carmichael, Brown, ” Carmichael Organizations: CNN, Formula, Maserati MSG, FIA, Formula E Locations: Rome, Buemi

☆ Meet the 33-year-old Canadian chemist and the renowned MIT professor who are building the 'electric vehicle of cement making'
▼ + stars: | 2023-06-24 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

An electric vehicle replaces a combustion engine with an electric motor, and that's what Sublime Systems does in the cement-making process. So he moved to eastern Canada, where they don't have a lot of rabbis," Ellis told CNBC of her father's move. And I think we both sort of gravitate to things that are challenging," Ellis told CNBC. I think the best way we have to get around fossil fuels is to use electrons," Ellis told CNBC. There will be numerous approaches, all of which have challenges and most of which deserve to be tested," Chiang told CNBC.

Persons: Leah Ellis, Ming Chiang, Ellis, Chiang, Sublime, she's, haven't, It's, Leah Ellis Ellis, it's, Mark Mutter, Mutter, Clay Dumas, Dumas, Katie Rae, Rae, Timothy McCaffery, McCaffery, Scott Carmichael It's, I'm Organizations: Sublime Systems, Sublime, CNBC, Battery, Massachusetts Institute of Technology, Bloomberg, Getty, Jamcem Consulting, LowerCarbon, Siam Cement, SCG, American Society for Testing Locations: Texas, South Africa, Israel, Jerusalem, Canada, Houston , Texas, Europe, Boston, Africa

☆ Children's’ allowances are outpacing inflation in Britain — with kids now getting $8 a week
▼ + stars: | 2023-05-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

On average, kids in the U.K. now get £333.84 ($415.08) of pocket money a year, which is £32.24 more than in the previous surveyed time period. Fifteen-year-olds were the only ones who saw a decrease of pocket money, by £0.52 to £9.72 a week. But the cost-of-living crisis is impacting pocket money, Will Carmichael, CEO and co-founder of NatWest Rooster Money, points out. The annual NatWest Rooster Money Pocket Money Index is based on data from 126,122 children in the U.K. which was collected between March 2022 and February 2023. "Pocket money" is defined as the sum of regular allowances and add-ons from things like birthdays, the tooth fairy, good grades and doing chores.

☆ Judge privately said Fox News spokesperson should 'be nicer' after she 'ratted on other people' about courtroom conduct in Dominion case
▼ + stars: | 2023-04-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

The judge in the Dominion v. Fox lawsuit criticized a Fox News spokesperson in a private conversation. He said she should "be nicer to people" after saying she "ratted on" others for tweeting in court, which is forbidden. She had taken photos of the courtroom on her phone, before the judge or any prospective jurors arrived. After leaving the main courtroom, Cronin went into the overflow room. After hours of waiting and what the transcript refers to as a brief "sidebar discussion held off the record," the judge announced Fox and Dominion had reached a settlement.

March 12 (Reuters) - State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB.O) in a collapse that stranded billions in deposits. All of the depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S. Treasury Department and other bank regulators said in a joint statement. Signature's failure followed Silicon Valley Bank's Friday shutdown, the second largest in U.S. history behind Washington Mutual, which collapsed during the 2008 financial crisis. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said. Signature Bank cut ties with Trump in 2021 following the deadly Jan. 6 riots on Capitol Hill, and urged Trump to resign.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

☆ Adani in talks for $400 mln debt against Australian coal port assets - ET
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Feb 27 (Reuters) - India's Adani Group is in talks with global credit funds to raise up to $400 million in debt against a key Australian coal port assets that make up a large portion of its exports of the fossil fuel from Carmichael mine, the Economic Times reported. Adani Group and Farallon Capital did not immediately respond to Reuters' request for comments. Reuters recently reported Australia's corporate regulator said it would review a short-seller report that had flagged a wide range of concerns about the Adani Group. In Australia, the conglomerate operates the Carmichael coal mine and a related rail line, the North Queensland Export Terminal, which is a major port for Queensland coal exports, as well as a solar farm. Reporting by Sneha Bhowmik in Bengaluru; Editing by Eileen Soreng and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Woody Harrelson Can Play Anyone. It’s Being Himself That’s Hard.
▼ + stars: | 2023-02-27 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

“I’m an A personality and a B facade,” says Woody Harrelson, and that’s as good an explanation for his charm and success as you’re likely to find. I don’t know. I could go hang off one of those big mountaintop-remover coal things, but that’s not going to stop it. I meet with the director, and I’m going to do it — they’re making it for like $500,000 — then the guy just goes with someone else! I have a gluttonous side, and I know that’s not going to help me be a spiritually better person.

☆ Meet 3 couples who bought luxury RVs after selling their homes to gain freedom
▼ + stars: | 2023-02-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

They sold their home in 2018 and have been living in a Newmar Ventana luxury RV since then. The Roberts sometimes stay at luxury RV resorts that have amenities like a swimming pool, golf course and outdoor areas to relax. Joel and Deb BrettingenJoel and Deb Brettingen, from Chippewa Falls, Wisconsin, have been living in a luxury RV full-time for nine months after selling their home of 20 years. Joe and Sharon CarmichaelJoe and Sharon Carmichael in front of their RV with their granddaughter who comes to visit. Joe and Sharon CarmichaelJoe and Sharon Carmichael hit the road in their new motorhome after selling their house in 2015.

☆ YouTube Made Emma Chamberlain a Star. Now She’s Leaving it Behind.
▼ + stars: | 2023-02-20 | by ( David Marchese | ) www.nytimes.com time to read: +16 min

Mamadi Doumbouya for The New York Times Talk YouTube Made Emma Chamberlain a Star. When it comes to YouTube videos or videos that are not podcasts, I don’t think I’ll ever be done with that. Has it become harder over time to move the cultural needle with a YouTube video? I don’t focus too heavily on the future for the reason you just explained: We don’t know what is next. I don’t know.

☆ Lack of Crypto Audit Regulation Raises Questions About PCAOB Authority
▼ + stars: | 2023-02-17 | by ( Mark Maurer | ) www.wsj.com time to read: +6 min

Additionally, there isn’t a regulatory framework for audits for many crypto companies. The SEC, which oversees the PCAOB, is reviewing how crypto companies portray reports from audit firms in the aftermath of the FTX collapse. The PCAOB—which sets audit standards, inspects audits and disciplines audit firms—has said it can only oversee audits of public companies and SEC-registered broker-dealers. In a letter last month to PCAOB Chair Erica Williams, they said the watchdog ignored what they called questionable practices by auditors of crypto companies. Even potential improvements to crypto audit regulation might not prevent fraud in the crypto industry, said Andrew Kitto, an assistant professor of accounting at the University of Massachusetts Amherst and a former PCAOB economic research fellow.

☆ MSCI’s Adani cut signals fat tail risks for India
▼ + stars: | 2023-02-10 | by ( Shritama Bose | ) www.reuters.com time to read: +5 min

Hindenburg founder Nathan Anderson sees MSCI's move as a validation of his group’s findings of “stock parking” by Adani. The Securities and Exchange Board of India, headed by former banker Madhabi Puri Buch, acknowledged unusual price movements this month, but without naming the Adani group. But the longer the controversy drags on, there will be a fat tail risk for Adani and all his stakeholders. CONTEXT NEWSGlobal index provider MSCI on Feb. 9 cut its determined free floats for four Adani companies. It reduced those of Adani Enterprises, Adani Total Gas, Adani Transmission and ACC, and said any resulting changes will be implemented at the close of Feb. 28.

☆ Walter Mosley Thinks America Is Getting Dumber
▼ + stars: | 2023-02-06 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

Mamadi Doumbouya for The New York Times Talk Walter Mosley Thinks America Is Getting DumberWalter Mosley is best known as one of contemporary literature’s pre-eminent crime novelists, but he’s actually four or five different writers rolled into one. You have to tell stories about real people experiencing it and not real people with a Ph.D. People who are not stupid but ignorant, who don’t know things about the world. There are people who don’t know how to spell, they don’t know how to think. You have these people coming out into the world, and they don’t know what to do. That’s going to happen.

☆ Australian regulator to review short-seller report on India's Adani
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit DaveSYDNEY, Feb 1 (Reuters) - Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group. Bravus, an Australian Adani Group company, said in a statement that the group "refutes all allegations" made in the Hindenburg report about its Australian operations and that it has publicly provided evidence to back up its stance. Adani Group's Australian businesses all comply with the law, a spokesperson said, adding that none had been contacted by ASIC or the Australian Tax Office about Hindenburg Research's allegations. The Hindenburg report "presents transactions related to Adani's Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies," the statement said.

☆ Adani scraps $2.5 billion share sale as value of his empire collapses
▼ + stars: | 2023-02-01 | by ( Mark Thompson | ) edition.cnn.com time to read: +3 min

The share sale — the largest offering by a company already listed on India’s stock market — had closed successfully just 24 hours earlier. But a brutal day of trading Wednesday wiped billions more off the value of his companies, including Adani Enterprises. The conglomerate has seen its value plunge by about $90 billion since the Hindenburg report was published. “Today the market has been unprecedented, and our stock price has fluctuated over the course of the day,” Adani said in a statement. Then the Hindenburg report landed.

On Tuesday, the Adani group appeared to have fought back the attack by the New York-based short-seller Hindenburg and rallied investors behind the $2.5 billion share issue of flagship firm Adani Enterprises (ADEL.NS). It was a rare defeat for a man who has seemed unstoppable in recent years. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. On Wednesday, Adani said his company felt it wasn't "morally correct" to proceed with the share sale following the volatility in the market. But he said in a statement to the exchange the company was financial stable and that the withdrawal of the share issue will not impact its future plans.

☆ Australian securities regulator reviewing short-seller report on India's Adani
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Feb 1 (Reuters) - Australia's corporate regulator is reviewing a short-seller report that accused India's Adani Group of improper use of offshore tax havens to determine whether regulatory action is required, according to a spokesperson. "ASIC will review the allegations against Adani and determine whether further inquiries are warranted," a spokesperson for the regulator told Reuters on Wednesday. The Adani Group said in a statement that the Hindenburg report "presents transactions related to Adani’s Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies." "All our businesses are Australian companies that comply with Australian corporations and securities legislation," the statement said. On Tuesday, a crucial $2.5 billion share sale for the Adani Group was fully subscribed with foreign institutional investors and corporate funds taking part, although participation by retail investors was low.

☆ Adani vs Hindenburg: India’s top businessman faces biggest test
▼ + stars: | 2023-01-31 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

So, how did a relatively young and small New York financial research firm manage to bring the Adani juggernaut to a juddering halt? Much of his fortune is tied up in the sprawling Adani Group, which he founded over 30 years ago. This is not the first time analysts have expressed fear that the rapid expansion of Adani businesses comes with huge risk. In its response, Adani Group said that the “leverage ratios” of its companies “continue to be healthy and are in line with the industry benchmarks in the respective sectors. Adani Group “is not going anywhere,” said Rajat Sharma, founder of financial advisory firm Sana Securities.

☆ Campaigners urge bond investors to shun Adani Group on green concerns
▼ + stars: | 2023-01-30 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 30 (Reuters) - An advocacy group focused on the impact of debt markets on climate change called on Monday for major bond investors to shun India's Adani Group, saying a critical report by a short-seller had undermined confidence in the company's governance. Billionaire chairman Gautam Adani, one of the world's richest people, dismissed these as baseless. Spokespeople for the Adani Group, BlackRock, Allianz and Pimco did not immediately respond to requests for comment. Green bonds, used to raise funds for specific projects that are seen to benefit the environment, are one of Adani's sources of financing. "The interconnected financial nature of the Adani Group makes it clear that buying debt from any subsidiary of Adani, is by extension supporting Adani's mining businesses," Haines said in the letter.

☆ You Don’t Have to Be Complicit in Our Culture of Destruction
▼ + stars: | 2023-01-30 | by ( David Marchese | ) www.nytimes.com time to read: +12 min

Photo illustration by Bráulio Amado Talk You Don’t Have to Be Complicit in Our Culture of Destruction“People feel a kind of longing for a belonging to the natural world,” says the author and scientist Robin Wall Kimmerer. I am deeply aware of the fact that my view of the natural world is colored by my home place. But I don’t think that’s the same as romanticizing nature. Of course the natural world is full of forces that are so-called destructive. The story that we have to illuminate is that we don’t have to be complicit with destruction.

Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. Adani's business empire grew rapidly and his wealth ballooned. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. It is not known what was discussed and Adani Group did not respond to a request for comment on Friday. Adani Group's consolidated gross debt stands at $23.34 billion, Jefferies says.

☆ Bill Gates just invested in a startup that's trying to stop cows from burping and farting so much
▼ + stars: | 2023-01-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Gates-founded Breakthrough Energy Ventures led a $12 million seed funding round into Rumin8. The Perth-based startup is developing a seaweed-based feed aiming to cut methane from livestock emissions — like the burps and farts of cows. As livestock accounts for about 15% of global greenhouse gas emissions, there are now global efforts to farm such animals more sustainably. "There are companies making 'beef' in new ways and people working to still use cows but reduce the methane emissions," Gates wrote in the thread. Last week, French food giant Danone pledged to slash methane emissions from its milk-supplying farms by about one-third by the end of this decade.

☆ The Digital Workplace Is Designed to Bring You Down
▼ + stars: | 2023-01-23 | by ( David Marchese | ) www.nytimes.com time to read: +15 min

Mamadi Doumbouya for The New York Times Talk The Digital Workplace Is Designed to Bring You DownWe’ve been given no shortage of digital tools that should, in theory, help us work better, with more focus and efficiency, and connect us more easily with our colleagues. Your brain can’t have your inbox open next to the memo you’re writing while you’re also on the phone. The only way to get out of that suboptimal equilibrium is to completely change the way the organization collaborates. You can’t have a small number of executives figure out the right way to do the work and then dispense it. But zoom out to John McPhee’s career, and you’re like, you’re one of the most productive and impactful writers of all time.

☆ Why Michelle Yeoh's 'shut up' at the Golden Globes was profound for Asian women
▼ + stars: | 2023-01-11 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

Yeoh's moment was refreshing for Jeon, a self-proclaimed assertive Asian American woman. And for Asian women, who contend with historical pressures from within the community and beyond to make themselves small, Yeoh’s quip had a deeper meaning. She simultaneously represented other Asian women who are more compelled to speak their minds. Jeon, for example, said that she has often been reminded by loved ones to tone down her personality in spaces within the Asian American community. While many women are taught to downplay their strengths, particularly in front of men, Yeoh flexed her might in those five words.

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