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COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing. The U.S.-backed financing comes at a time when Sri Lanka is struggling to recover from a dire financial and economic crisis. Sri Lanka borrowed heavily from China to build the port and other infrastructure including an airport and a city being built on reclaimed land. Both neighboring India and China are jostling for influence in Sri Lanka and both have already invested in expanding facilities at the Colombo port. Colombo port also has a terminal run by China Merchants Port Holdings.
Persons: , Scott Nathan, Sri Lanka’s John Keells, Lanka’s, Wang Wenbin, William & Mary, AidData, China's, saysChina, Bradley Parks, , ” ___ Didi Tang Organizations: South, U.S . International Development Finance Corp, West, Local, Sri, Sri Lanka’s John Keells Holdings, Initiative, Foreign Ministry, China Merchants Port Holdings, CHEC Port City Colombo Co, China Communications Construction Company, William & Locations: COLOMBO, Sri Lanka, U.S, Port, Colombo, China, Bay, Bengal, Beijing, Hambantota Port, Hambantota, India, oceanside, Port City, Virginia, “ Beijing, Washington
In the 1970s, the coolest job you could have was flipping burgers at McDonald's. "Believe it or not, you needed to have an in to get a job at McDonald's back then, so my brother, who was working in the kitchen, recommended me for the job," Hendel, 66, tells CNBC Make It. "I never thought it would be my forever job," says Hendel. And he goes, 'Do you think you're good at it?' In 1990, Hendel became the owner/operator of his first McDonald's restaurant in Brooklyn.
Persons: Paul Hendel, Hank, Hendel, Merrick McDonald's, McDonald's, Peter Hunt, Paul, I'm, It's, I've, Lauren, Mark Organizations: CNBC, C.W, Post University, Long Island University, McDonald's Locations: Merrick , New York, Long, McDonald's, Long Island, Brooklyn, Queens, Manhattan, Glen Cove, Nassau County, Oceanside , New York, Hunt
Opinion | Donald Trump and Christian Nationalism
  + stars: | 2023-10-24 | by ( ) www.nytimes.com   time to read: +3 min
Pretending that Christian enthusiasm for Donald Trump is just some kind of mass psychosis or mob mentality may allow some Christians like Mr. French to feel better about themselves and their churches. But they need to confront a deeper truth: There is something compromised at the core of the white American Christian tradition. Mr. Trump is amoral and irreligious. The only explanation is that Mr. Trump and evangelicals have a symbiotic relationship that puts both in positions of power and influence. Andrew J. SparbergOceanside, N.Y.To the Editor:This column reminded me of when Donald Trump said: “I consider it a great badge of honor.
Persons: David French, Donald Trump, John Fanestil San, , David French’s, Trump, Andrew J, , , Trump’s, Mary Ewing Rixford Organizations: White, Trump Locations: United States, North America, John Fanestil San Diego, Oceanside, N.Y, Georgia
Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. Rite Aid is the smallest of the three major drugstore chains, well behind CVS and Walgreens. Rite Aid was expected to close stores as part of its bankruptcy. Rite Aid told Insider that it considers a variety of factors when deciding to close a store, "including business strategy, lease and rent considerations, local business conditions and viability, and store performance." "We will also strive to transfer associates to other Rite Aid locations where possible," the company said.
Persons: , Glen, Taylor, Daniel Webster, Merrick, William Penn, Redmond, Lacey Organizations: CVS, Walgreens, Service, Pennsylvania . Rite Aid, Wall Street Journal, Rite Aid, Rite, Crenshaw, Hollywood Way, San, Niguel, Yorba, Santa, Thompson Boulevard, Ventura, Atwater, Overland, Meridian, Main, Bel, Bel Air South, Park, Main Street, Lafayette, Garfield, Garden, Ford, Flint, Farmington, Whittemore Street, New Jersey :, Marshall, Bridgeton Pike, Whiting, Pike, Huntington, Jericho Turnpike, Jeff, North Street, Cesar, Chavez, Pennsylvania, Stevenson, Bethel, Union, Allentown, Fourth Street, Fifth, Washington Lane, Street, Central Avenue, Grady, Everett Locations: California, New York, Pennsylvania, Los Angeles, Rock, Centinela, Downey, Beach, Burbank, Hollywood Way Covina, Puente, Alhambra, Oceanside, San Diego, Yorba Linda, Santa Ana, Thompson, Thompson Boulevard Oxnard, Cupertino, Santa Clara, Cruz, Bellevue, Sacramento, Boulevard Ontario, Irvine, Monterey, Alvarado Street Connecticut, Bethel, Greenwood, Delaware, Newark, Hill, Wilmington, Idaho, Boise, Maryland, Elkton, Pulaski, Baltimore, Glen Burnie, Baltimore Annapolis Boulevard Massachusetts, Webster, Main Street Michigan, Fremont, Greenville, Clinton, Macomb, Sturgis, Centerville, Clinton Township, Gratiot, Shelby Township, Dyke, Jackson, Michigan, Manistee, Garden City, North, Detroit, Farmington Hills, St, Johns, Whittemore Street Lansing, Hampshire, Merrimack, New Jersey, New Jersey : West Milford, Mantua, Bridgeton, Irvington, Somerset, Williamstown, Pike New York, Brooklyn, Shore, Merrick, East Northport, Jericho, Jericho Turnpike Medford, Patchogue, West Patchogue, Kenmore, Rochester, Flushing, Levittown, Ohio, Massillon, East New Carlisle, Dayton, Youngstown, Springfield, North Street Bellefontaine, Oregon, Portland, Kensington, Brighton, Bethel Park, Pittsburgh, Greensburg, Bethlehem, Fourth Street Philadelphia, Venango, Washington, Conshohocken, Hanover, Mechanicsburg, Erie, Abington, York, Johnstown, Ardmore, Lancaster, Pittston, Wyoming, Yardley, Chester, Street Titusville, Central Avenue Virginia, Chesapeake, Pleasant, Seattle, Graham, Renton
United States category · October 17, 2023 · 12:12 PM UTCOverwhelmed by record numbers of asylum seekers from around the world, U.S. border officials have released thousands of migrants on streets in the San Diego area the past month, including about 1,400 in the beach town of Oceanside.
Locations: States, U.S, San Diego, Oceanside
Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.
Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside
X CEO Linda Yaccarino appeared rattled during her most high-profile appearance to date. Some criticized tech journalist Kara Swisher and Code for "sandbagging" Yaccarino. Months earlier, Boorstin had secured a coveted interview with Linda Yaccarino to make her first major public appearance after being named CEO of X, formerly Twitter. Later, Boorstin pressed Yaccarino on the Anti Defamation League's feud with Musk and accusations that X is encouraging antisemitism. AdvertisementAdvertisement"Everybody deserves to speak their opinion," Yaccarino said, before nervously glancing at her watch and saying she had to leave.
Persons: Linda Yaccarino, Yoel Roth, Kara Swisher, , Julia Boorstin, Boorstin, Yaccarino, Yaccarino's, Elon Musk, Teslas, Roth, Swisher, Mary Barra, Linda, Yoel, X, Julia, Musk, Tesla Organizations: Service, CNBC's Senior Media, Tech, oceanside Ritz Carlton, Laguna Niguel, GM, Twitter Locations: Laguna, Detroit, LA, Meta, San Francisco, Laguna Beach, Los Angeles
This article is part of our special section on the Climate Forward event that will include policy and climate leaders from around the world. The 351-mile LOSSAN rail corridor in Southern California, the second busiest in the United States, is under siege. Running from San Diego to San Luis Obispo, the oceanside tracks sitting atop coastal bluffs face erosion from higher water levels in the Pacific and record rainfall. In addition, increased precipitation has destabilized terrain on the inland side, leading to landslides — like two in San Clemente recently — that have led to rail closures. And if that weren’t enough, a nuclear power plant is near the tracks.
Persons: San Luis Obispo, , Catherine Blakespear Organizations: oceanside, Strategic Rail Locations: Southern California, United States, San Diego, San Luis, San Clemente, California, Stracnet
One year ago, DignityMoves opened a prefab tiny home community to house Santa Barbara, California's unsheltered residents. Of the 66 people who have stayed at the community, 36 have gone on to find permanent housing. Take a look around the tiny home community. Santa Barbara is a slice of oceanside paradise in Southern California, about a two-hour drive north of Los Angeles. As you might expect, it's as picturesque as any coastal and expensive Southern California city.
Persons: DignityMoves, California's Organizations: Service, Santa Barbara Locations: Santa Barbara, Wall, Silicon, Santa Barbara , California, Santa, Southern California, Los Angeles
In this Southern California town, residents are grappling with the fear that their way of life may be fleeting. Fishermen cast their lines from the long, wooden pier. “Every day here feels like the most perfect summer day,” Mercedes Murray, 38, said as she lounged at Buccaneer Beach, a spot popular among locals. Where residents once played beach volleyball at Buccaneer, there are now berms of natural cobblestones that clatter around in the surf like pennies in a washing machine. Visitors who could once sprawl on wide stretches of sand near the pier must now compete for space on a narrow stretch studded with rocks.
Persons: ” Mercedes Murray Organizations: Fishermen, Buccaneer Locations: Southern California, Oceanside, San Diego, Buccaneer
Scenes From the Hawaii Fires and the Aftermath
  + stars: | 2023-08-11 | by ( The New York Times | ) www.nytimes.com   time to read: 1 min
As the sun rose on Friday in Hawaii, firefighters were still working to fully contain flare-ups from the fast-moving wildfires that devastated the historic oceanside town of Lahaina and other parts of Maui. Emergency workers prepared to resume their search for victims in scorched areas. “The fire was just traveling too fast, and too hot, and next thing you know Lahaina town is gone, literally gone,” said Mark Stefl, whose house burned down and who lost a cat and a dog as he and his wife scrambled to escape the inferno. Josh Green of Hawaii said on Thursday that more than a thousand buildings had likely been destroyed by the fires, and that hundreds of families had been displaced. The death toll, at 55, was expected to climb, he said.
Persons: , Mark Stefl, Josh Green Locations: Hawaii, oceanside, Lahaina, Maui
Siemens’ spreading rot obscures elusive value
  + stars: | 2023-08-10 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Mike BlakeLONDON, Aug 10 (Reuters Breakingviews) - Siemens’ (SIEGn.DE) problems are no longer affecting just its periphery. Shares in its spun-out unit Siemens Energy (ENR1n.DE) have lost more than 40% this year due to faulty wind turbines. Chief Executive Roland Busch pointed the finger at China, saying slowing demand in Siemens’ third biggest market was to blame. Siemens shares fell as much as 7% on the news. Siemens shares are now trading over 30% below JPMorgan’s valuation based on a sum of the parts calculation.
Persons: Mike Blake LONDON, Roland Busch, Busch, Pamela Barbaglia, Neil Unmack, Oliver Taslic Organizations: Siemens, Coaster, REUTERS, Reuters, Siemens Energy, West, Twitter, Thomson Locations: Oceanside , California, U.S, China, Chengdu, Shenzhen
[1/2] Gilead Sciences is seen during the outbreak of the coronavirus disease (COVID-19), in Oceanside, California, U.S., April 29, 2020. REUTERS/Mike Blake/File PhotoCompanies Gilead Sciences Inc FollowAug 3 (Reuters) - Gilead Sciences (GILD.O) on Thursday reported lower second-quarter profit as costs from a legal settlement and sharply lower sales of its COVID-19 treatment offset another strong performance by HIV drugs. The drugmaker raised its full-year revenue forecast, even as it trimmed its estimate for COVID antiviral Veklury due to lower pandemic-related hospitalizations. Wall Street analysts had expected an adjusted profit of $1.64 per share on revenue of $6.44 billion, according to Refinitiv data. The California-based company raised the low end of its 2023 revenue forecast range to $26.3 billion from $26.0 billion, but kept the high end at $26.7 billion.
Persons: Mike Blake, Gilead, Deena Beasley, Michael Erman, Bill Berkrot Organizations: Gilead Sciences, REUTERS, Wall Street, Thomson Locations: Oceanside , California, U.S, Gilead, California
REUTERS/Bing Guan/File PhotoAug 1 (Reuters) - A U.S. regulation restricting ownership of gun accessories known as pistol braces is likely illegal, a federal appeals court ruled Tuesday, a victory for a gun rights group challenging the rule. Circuit Court of Appeals found that U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives finalized the rule in January without giving the public a meaningful chance to comment on it. The court did not immediately block enforcement of the rule, instead sending the case back to U.S. District Judge Reed O'Connor in Fort Worth, Texas. Pistol braces were first marketed in 2012 as a way of attaching a pistol to the shooter's forearm, stabilizing it and making it easier to use for disabled people. The disputed rule classifies some guns equipped with pistol braces as short-barrel rifles, based on several factors including their size and weight and the manufacturers' marketing materials.
Persons: Dimitri Karras, Bing Guan, District Judge Reed O'Connor, O'Connor, Joe Biden's, Cody Wisniewski, Jerry Smith, Don Willett, Stephen Higginson, Smith, Willett, Ronald Reagan, Donald Trump, Higginson, Barack Obama, , Higginson ‘, , Brendan Pierson, David Gregorio, Gerry Doyle Organizations: Alcohol, Firearms, Tobacco, REUTERS, Circuit, Appeals, . Bureau, Explosives, District, Coalition, ATF, U.S . Department of Justice, Fifth, Congress, Republican, Democratic, Thomson Locations: Oceanside , California, U.S, New Orleans, Fort Worth , Texas, New York
Two active-duty Marines pleaded guilty on Monday to Capitol riot-related criminal charges. Both pleaded guilty to a misdemeanor count of parading, demonstrating, or picketing in a Capitol building, according to a spokesperson for the US Attorney's Office for the District of Columbia. Coomer pleaded guilty to the same misdemeanor charge in May and is scheduled to be sentenced by Reyes on Aug. 30. The angles of the photos and the caption indicated he had been inside the Capitol on Jan. 6, the FBI said. Approximately 600 have pleaded guilty, mostly to misdemeanors punishable by maximum imprisonment of six months or one year.
Persons: , Joshua Abate, Dodge Dale Hellonen, Ana Reyes, Micah Coomer, Coomer, Reyes, AP David Dischley, Hellonen didn't, Abate, Donald Trump's Organizations: Capitol, Marines, Service, Marines Corps, US, Office, District of Columbia, U.S . Capitol Police, Justice Department, U.S, Justice, AP, Abate, Coomer, Marine Corps Base Quantico, Hellonen, Camp Lejeune, FBI Locations: U.S, Fort Meade , Maryland, Oceanside , California, Jacksonville , North Carolina, Virginia, Camp, North Carolina, Washington
Outside the COVID-19 pandemic, it was the biggest jump since 2010, reflecting a drop in household employment and a rise in the workforce. "However, the other areas of softness in this report suggests that the labor market is losing steam. The backfilling of these retirements and increased demand for services are some of the factors driving job growth. While not dismissing the household survey, economists said the establishment survey was the more reliable of the two. The fall in household employment combined with a rise of 130,000 in the labor force to boost the unemployment rate.
Persons: payrolls, Sal Guatieri, Nonfarm, Mike Blake, Gus Faucher, Conrad DeQuadros, DeQuadros, Daniel Zhao, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci, Paul Simao Organizations: Labor Department, BMO Capital Markets, Fed, Reuters, Leisure, Treasury, REUTERS, Reuters Graphics Reuters, Financial, Writers Guild of America, Labor Department's Bureau of Labor Statistics, PNC Financial, Brean, Thomson Locations: WASHINGTON, U.S, Toronto, Oceanside , California, Pittsburgh , Pennsylvania, New York
Polling has him second to Trump, who has been living in Florida at Mar-a-Lago in Palm Beach. Donald Trump's permanent residence is in Palm Beach, Florida, at his Mar-a-Lago oceanside estate. New Jersey, therefore, is set to become the new go-to spot for the GOP right around the time that the DeSantis campaign kicks off. On Monday, DeSantis' political team moved to a new office in Tallahassee, NBC News reported. The DeSantis political operation declined to share details of the governor's plans, including formal rollouts and events that may come later.
The logo of Gilead Sciences pharmaceutical company is seen in Oceanside, California, April 29, 2020. A Delaware jury on Tuesday cleared Gilead Sciences of U.S. government allegations that it violated patents held by the Centers for Disease and Prevention on an HIV prevention drug. The U.S. government had sued Gilead in 2019 arguing that the company was profiting off CDC patents through the company's sales of Truvada and Descovy, oral medications taken to prevent HIV infection. But the jury found that the government's patent claims on an HIV prevention regimen called pre-exposure prophylaxis, or PrEP, were not valid after a multiday trial in federal court. "Today's decision confirms our longstanding belief that we have always had the rights to make Truvada and Descovy for PrEP available to all who need it," Gilead general counsel Deb Telman said in a statement Tuesday.
Court documents filed Wednesday show Sam Bankman-Fried's companies spent over $400,000 with DoorDash. FTX US gave employees $200 of DoorDash food credit every day, the FT previously reported. The documents filed in the Delaware bankruptcy court on Wednesday show bills of a combined $403,765 from the food delivery firm to FTX entities. The food delivery company is still owed $46,239 by Alameda, the documents show. Former employees previously told the Financial Times that FTX US gave employees $200 of DoorDash food credits a day.
REUTERS/Bing GuanMarch 14 (Reuters) - U.S. President Joe Biden will announce an executive order on Tuesday that reinforces background checks for gun buyers in what the White House is promoting as the most comprehensive policy the president can enact without Congress. In a country with more than 40,000 gun deaths per year, Biden is betting that voters will embrace more proactive gun control. The Biden administration is pointing to public opinion polls that show a majority of Americans support background checks. A Reuters/Ipsos poll last year found 84% of respondents supported background checks for all firearms sales and 70% backed red flag laws. Some gun rights advocates oppose background checks, saying they infringe on constitutional rights to possess arms while failing to stop criminals from getting them.
REUTERS/Bing GuanNEW YORK, March 9 (Reuters) - A federal judge on Thursday blocked 10 companies from selling certain gun components in New York while the state pursues a lawsuit against them aimed at ending sales of illegal, untraceable "ghost guns." The preliminary order by U.S. District Judge Jesse Furman in Manhattan adopts an agreement reached between New York Attorney General Letitia James and the companies last month, court records show. "Today's court order will help protect New York communities and save New Yorkers' lives," James said in a statement. The lawsuits claimed that the companies were creating a public nuisance by selling gun frames and receivers without serial numbers to consumers. Three defendants have settled with New York City, agreeing to stop selling guns there.
These 7 U.S. cities have the smallest wage gaps
  + stars: | 2023-03-09 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +1 min
Women out-earn men in just three U.S. cities, according to a new analysis of Census data from Smartasset, the personal finance site. The city, which has roughly 152,000 residents, also saw women's wages rise nearly 33% from 2017 to 2021, and the the wage gap narrowed by 26% during that time. Women's wages are near parity (within 1% to 2% of men's wages) in Oceanside, Calif.; Dallas; Oxnard, Calif.; and Denton, Texas. U.S. cities with the smallest gender wage gapsHollywood, Fla.: 104.76% Oakland, Calif.: 102.73% Springfield, Mass. The wage gap widened in the 10 largest U.S. cities, according to SmartAsset, with the biggest drop coming from San Antonio, Texas, where women went from earning 91 cents for every dollar earned by a man to 82 cents over the last four years.
[1/5] Waves come to shore along the coastline as a winter storm approaches Oceanside, California, U.S., February 21, 2023. REUTERS/Mike BlakeCHICAGO, Feb 21 (Reuters) - A winter storm spreading across the U.S. West into the Northern Plains and Midwest on Tuesday could produce blizzards, brutal cold, and record snowfall, making roads treacherous and disrupting air travel. The National Weather Service issued winter storm, blizzard and high-wind advisories for large parts of the western and north-central United States. The agency said these areas will also be under a winter storm warning until Friday and advised people against traveling. Although the snow storm could wreak havoc on daily life, it was welcomed by skiers.
Northern California prosecutors on Wednesday filed seven murder charges and one attempted murder charge against the man accused of gunning down farm workers Monday in the quaint oceanside town of Half Moon Bay. The San Mateo County Coroner's Office has named six of the seven victims: Zhishen Liu, 73, of San Francisco; Marciano Martinez Jimenez, 50, of Moss Beach; Aixiang Zhang, 74, of San Francisco; Qizhong Cheng, 66, of Half Moon Bay; Jingzhi Lu, 64, of Half Moon Bay; and Yetao Bing, 43, whose hometown was listed as unknown. Chunli Zhao being arrested on Monday in the parking lot of the Sheriff’s Office Half Moon Bay as a suspect for the mass shooting earlier that day. Zhao worked at Mountain Mushroom Farm, one of two agricultural businesses where workers were killed on Monday afternoon, authorities said. Zhao was arrested about two hours after the shooting as he sat in his parked car outside the sheriff's substation in Half Moon Bay.
One man carried out his attack with a gun banned by the state, while the other used a gun he legally owned, police said. Even in California, a state with some of the country's strictest gun laws, the limits can be sidestepped. The prospects for new federal gun laws are dim. The majority of guns used in mass shootings were obtained legally, according to the nonprofit Violence Project, which maintains a database of attacks. Chunli Zhao legally owned the gun used in the Half Moon Bay attack on Monday, police said.
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