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☆ Thrifting is more popular than ever. It's also never been worse.
▼ + stars: | 2024-03-25 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +12 min

The explosive growth of the resale market and the rise of fast fashion are partly to blame. It's a high that anyone who shops at thrift stores knows — and one that I've been chasing since high school. lechatnoir/Getty ImagesGen Z made thrifting mainstreamBuying used clothing has never been more popular, largely thanks to Gen Z. Still, even as thrifting has grown in popularity, so have fast fashion brands. "Fifteen years ago you would've seen the majority of your secondhand shoppers were most likely more need-based," she said.

Persons: Thrifting, Gen Z, —, I've, Nicole Craig, Arizona State University FIDM, we're, ThredUp, Z, Gen, Danielle Testa, thrifting, millennials, Abercrombie, Craig, Elena Karpova, Testa, Brittany Dickinson, Oleg Cassini, Prada, Jeffrey Greenberg, there's, Dickinson, we've Organizations: Service, Arizona State University, Goodwill, Salvation Army, Fitch, University of North, Goodwill Industries International, Universal, eBay, Urban Outfitters, Free Locations: University of North Carolina, Greensboro, Hendersonville , North Carolina

☆ This 31-year-old spent $20,000 to travel after he was laid off
▼ + stars: | 2024-03-14 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Peter Lancaster in Argentina. Peter Lancaster, 31, was laid off from his technology job in California in May last year. For the next eight months, Peter traveled to eight different countries: Mexico, Colombia, Peru, Argentina, Guatemala, Japan, Ecuador and Brazil. Peter Lancaster Traveler"Especially in a foreign country, use the buddy system," he said. Peter Lancaster at the Courtesy of Peter Lancaster

Persons: Peter Lancaster, Peter, Alejandra, Downside, I'd Organizations: CNBC Locations: Argentina, California, Mexico City, Mexico, Colombia, Peru, Guatemala, Japan, Ecuador, Brazil, Peru —, Cusco, United States

☆ Opinion | How America’s Two Abortion Realities Are Clashing
▼ + stars: | 2024-03-08 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +65 min

mary zieglerWell, I think it’s much easier to ban abortion than it is to enforce a criminal law against abortion. mary zieglerNo, I think that’s right. If our abortion politics don’t reflect our abortion views, what does that tell us about the health of the democracy? We’ve seen upwards of 10 states — I think it’s 14 or 15 that have changed their definition of abortion in abortion restrictive states since Dobbs. So, the idea is that abortions that are presented as life saving either are not abortions or are simply pretexts for abortion that’s elective.

Persons: ezra klein, Ezra Klein, ”, overturns Roe, Wade, we’ve, Dobbs, Mary Ziegler, mary ziegler, Roe, they’ve, they’re, didn’t, isn’t, —, We’ve, ezra klein Let’s, mifepristone, Z, They’re, mary ziegler That’s, Comstock, hasn’t, it’s, ezra klein There’s, Kate Cox, kate cox, mary ziegler —, she’d, there’s, you’ll, don’t, you’re, You’re, That’s, I’ve, I’m, they’ll, Ezra, you’ve, that’s, There’s, what’s, Joe Biden, Bill Clinton, You’ve, It’s, Lindsey Graham, Chuck Schumer, Hakeem Jeffries, Trump, mary ziegler There’s, Glenn Youngkin, Glenn Youngkin’s, mary ziegler It’s, we’re, Donald Trump, Roger Severino, Gene Hamilton, Hamilton isn’t, He’s, Stephen Miller’s, Jonathan Mitchell, Biden, — there’s, Josh Prager’s, Jennifer Holland, Daniel K, Williams, Wade ”, Linda Greenhouse, Reva Siegel, ezra klein Mary Ziegler Organizations: New York, Alabama, Republican, U.S, Supreme, for Life, Environmental Protection Agency, mifepristone, and Drug Administration, Republicans, State, Washington State Patrol, Democratic, Catholic Democrat, Wall Street, Act, Virginia Republicans, Republican Party, Leadership, Heritage Foundation, Health, Human Services Department, Trump, Washington Post, New York Times, HHS, Human Services, Department of Justice, Court Locations: Alabama, America, St, Louis , Missouri, East St, Louis , Illinois, Dobbs, Ohio, United States, Texas, mary ziegler — Texas, Kansas, Austin, Houston, Dallas, Florida, Miami, Jacksonville, Tampa, New York, California, Vermont, New Jersey, Missouri, Idaho, Virginia, Colorado, Roe

☆ Why a warehouse giant is planning a $25 billion push into data centers
▼ + stars: | 2024-03-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

He will fill the newly created role of global head of data centers at the firm. Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry. Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require. Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America. Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.

Persons: Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis Organizations: Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass Locations: San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Salesforce, Dell, Microsoft, Snap, McDonald's & more
▼ + stars: | 2024-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple amid reports the company canceled its car project. Barclays reiterates Microsoft as overweight Barclays says investments made in advertising is a "$50 billion opportunity" for Microsoft. Goldman Sachs reiterates Salesforce as buy Goldman said it sees "upside" heading into Salesforce earnings Wednesday afternoon. Barclays initiates Weatherford as overweight Barclays says the oil services company is a "reborn industry player." Barclays upgrades Ecolab as overweight from equal weight Barclays says it has "strong visibility" for the food safety company.

Persons: Smucker, Stifel, DELL, Morgan Stanley, Apple, it's, NVDA, Goldman Sachs, Goldman, FSLR, Salesforce, Raymond James, Bernstein, Stellantis, Cantor Fitzgerald, Cantor, KBW, it's bullish, Guggenheim, McDonald's, Craig, Hallum Organizations: Apple, Barclays, Microsoft, U.S, " Bank of America, Nvidia, Bank of America, Constellation Energy, JPMorgan, Apollo, JMP, Weatherford, Bright, Holdings Locations: J.M, CY2026, Europe, UK, China, India, CEG

☆ Investors get more reasons to like Apple as company abandons EV plans and CEO updates AI ambitions
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Many employees on the nearly 2,000-person team will be tasked to work on Apple's AI unit instead, Bloomberg said. There has been little public info about Apple's self-driving car ambitions, but reports first surfaced back in 2014 when the company poached automotive engineers from other firms. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Tim Cook, Bloomberg, Cook, we're, ChatGPT, Jim Cramer, Jim, Tesla, he's, it's, Apple's, Morgan Stanley, Siri, Jeff Marks, Jim Cramer's, Eduardo Munoz Organizations: Apple, Bloomberg News, Big Tech, General Motors, Club, Ford Motor, GM, Bloomberg, UBS, CNBC Locations: U.S, New York

☆ CNBC Changemakers: Fortune 500 CEOs, Naomi Osaka and Alex Cooper share a success secret
▼ + stars: | 2024-02-28 | by ( Julia Boorstin | ) www.cnbc.com time to read: +5 min

Leading the way are health care, with 22%; tech, with 14%; and consumer products and financial services, tied at 10%. Kate Ryder is closing major gaps in women's and family health care with Maven. Michelle Zatlyn, co-founder and chief operating officer at Cloudflare, is giving companies AI tools to bolster cybersecurity and lower costs for vulnerable, critical infrastructure providers, including schools and local election systems. The Changemakers serve as a reminder that success is a result of leading in ways that are authentic. In the book she explored the concept of "reformers" — women working to fix broken systems.

Persons: Anat Ashkenazi, Eli Lilly, Svanika Balasubramanian, Bobbie, Laura Modi, Baby2Baby, Norah Weinstein, Kelly Sawyer Patricof, Alex Cooper, Tracee Ellis Ross, Naomi Osaka, Balasubramanian, Jessica Chang, Maayan Cohen, Kate Ryder, Maven, Monique Rodriguez, Jessica Berman, Kathy Hannun, Clara Shih, Michelle Zatlyn, Kristin Peck, Julia Boorstin Organizations: CNBC, U.S, RePurpose Global, rePurpose, Women's Soccer League, Dandelion Energy, cybersecurity Locations: Changemakers, Cloudflare

☆ Google opens New York headquarters in repurposed 1930s railway terminal
▼ + stars: | 2024-02-23 | by ( Christy Choi | ) edition.cnn.com time to read: +5 min

CNN —Google is set to open its New York headquarters in a repurposed 1930s railway terminus near Hudson Square on Monday — and the tech giant says the project was designed with nature in mind. Once at the end of the railway now forming New York’s High Line, St. John’s Terminal served as a freight facility and office space. Mark Wickens/Courtesy GoogleGoogle began leasing the St. John’s Terminal site in 2019, and bought it outright in 2022 for $2.1 billion. Mark Wickens/Courtesy GoogleThe building can accommodate around 3,000 workers and is organized into 60 “neighborhoods” for teams of around 20 to 50 people. Google’s parent company, Alphabet, also slashed around 12,000 jobs — then around 6% of its workforce — at the beginning of 2023.

Persons: it’s, ”, Sean Downey, Mark Wickens, Rick Cook, Google, that’s, Downey, we’ve, Jennifer Kelly, — Organizations: CNN, Google, New York State, Americas, Global Business, CookFox Architects, John’s, Google Google, Google’s Global Business Organization Locations: New York, Hudson, SoHo, Tribeca, St, Coney, Hurricane, Dublin, Playa Vista, New York City, Chelsea, John’s, California, America, ”

☆ ICE draft plan would release thousands of immigrants in order to cover budget shortfall
▼ + stars: | 2024-02-14 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

Washington CNN —Immigration and Customs Enforcement has drafted contingency plans to cut detention capacity and release thousands of immigrants as a result, according to a source familiar with the plan. The draft plan comes as ICE faces a dire budget shortfall amid stalled congressional action on the White House supplemental request. President Joe Biden has repeatedly implored Congress to give him more resources to deal with the situation at the US-Mexico border, assigning blame on Republicans for not doing more. Over recent years, ICE has assisted Customs and Border Protection in its border mission as that agency is also overwhelmed. Homeland Security officials have attributed the decline to ongoing high-level talks between the US and Mexico, which has doubled down on enforcement, but caution that encounters historically drop in January before ticking up again.

Persons: Joe Biden, Mayorkas, ” Biden, Alejandro Mayorkas, Troy Miller Organizations: Washington CNN — Immigration, Enforcement, ICE, White, Department of Homeland Security, GOP, impeaching, DHS –, The Washington Post, Administration, Homeland Security, CBP, Protection, Coast Guard, Transportation Security Administration, US Border Patrol, DHS Locations: Mexico, Congress, Venezuela

BERLIN (AP) — Germany's state-owned development bank has sold shares in the company that owns the national postal service for about 2.17 billion euros ($2.3 billion), reducing the government's stake and raising money to help finance improvements to the country's rail network. The sale cuts the state's stake in DHL to 16.5%, though it is still the largest single shareholder. The proceeds are to be used to strengthen the capital of Germany's main railway operator, the state-owned Deutsche Bahn, to help it upgrade railway infrastructure, the Finance Ministry said Wednesday. The government is turning to privatization proceeds to help finance improvements to the rail network after a court ruling forced it to plug a big hole in this year's budget and reconsider its wider financial plans. The maneuver ran afoul of Germany’s strict self-imposed limits on running up debt.

Organizations: BERLIN, —, Deutsche, DHL Group, DHL, Deutsche Bahn, Finance Ministry Locations: — Germany's, Germany's

BERLIN (AP) — German lawmakers on Friday approved cuts to fuel subsidies for farmers that prompted angry protests, along with a 2024 budget the government had to revamp after a court ruling blew a hole in its financial plans. Parliament's lower house voted in favor of the overhauled 476.8 billion ($516 billion) budget for Europe's biggest economy and legislation including measures to fill the gap, among them the subsidy cuts. The immediate result of the ruling was a 17 billion-euro hole in the 2024 budget. Coalition leaders said the government would abolish a car tax exemption for farming vehicles and tax breaks on diesel used in agriculture. Photos You Should See View All 45 ImagesThe legislation also provides for the tax on plane tickets to be increased.

Persons: Chancellor Olaf Scholz's Organizations: BERLIN, Ukraine, Coalition

☆ The office apocalypse will see a wave of buildings demolished or converted to residential, New York City real estate exec says
▼ + stars: | 2024-01-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The New York City property exec and veteran real estate broker pointed to potential trouble heading for the US office space, thanks to the plunging demand for office buildings since the pandemic, and poor lending conditions across the commercial real estate sector. AdvertisementExperts have been warning of trouble in the commercial real estate sector for the last year as credit conditions in the economy tighten. Many commercial real estate mortgages are financed at interest rates around 3.5%-4%. New York City alone has around 100 million square feet of empty office space, Knakal estimated. Office buildings, meanwhile, could soon double the price decline they saw in 2023, the real estate firm Cohen & Steers estimated.

Persons: —, Bob Knakal, Knakal, Banks, Cohen, Steers Organizations: Service, Business, New, CNBC, National Association of Realtors . New Locations: New York City, National Association of Realtors . New York City

☆ With Government Relocated, Egypt Set to Unveil Overhaul of Downtown Cairo
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

The area, modelled on Paris in the 1860s, is filled with elegant but crumbling buildings constructed over the subsequent seven decades. The Sovereign Fund has already taken control of three prime properties in central Cairo, and received ownership of 11 former ministry buildings in a decree published this week in the official gazette. "Some of the buildings are already evacuated, but there is a mobilisation plan for relocating into concentrated locations for whoever is staying and not moving to the new capital," Soliman said. Work on the ground would begin "probably within the first half of this year," Soliman said. It would include a three-star Moxy hotel by Marriott, the first in Egypt, Soliman said.

Persons: Patrick Werr CAIRO, Ayman Soliman, Soliman, We're, Patrick Werr, Aidan Lewis, Alex Richardson Organizations: Sovereign Fund, Misr Insurance, Reuters, European Bank for Reconstruction, National Democratic Party, NDP, Marriott Locations: Paris, Cairo, Egypt

AVOID COTTON AND WETNESSWilson said she loves to shop at thrift stores for layers that won't break the bank. THINK OF THREE MAIN LAYERSWilson recommends starting with a base layer, then a mid layer, and then an outer layer. Finally, wear a traditional winter jacket that breaks the wind a little but also insulates you, Wilson said. PROTECT SPECIFIC BODY PARTS“Three words: Cover Your Bum (CYB)!” the city of Minneapolis says in a blog post about staying warm in cold weather. In other words, wear a winter jacket that falls closer to your knees than your hips.

Persons: you’re, Claire Wilson, WETNESS Wilson, Wilson, Cotton, ”, James Miner, it's, Miner, Toni Hauser, Hauser, Trisha Ahmed, @TrishaAhmed15 Organizations: Hennepin County Medical, Minneapolis Health Department, Associated Press, America Statehouse News Initiative, America Locations: MINNEAPOLIS, Minnesota, Minneapolis, Hennepin, —

☆ A Moonshot Plan to Fill a Cavernous, Dilapidated Armory in the Bronx
▼ + stars: | 2024-01-19 | by ( Stefanos Chen | Winnie Hu | ) www.nytimes.com time to read: +1 min

It has been called the world’s largest armory — a palatial fortress in the middle of the northwest Bronx, with turrets overlooking the subway station. But for nearly 30 years, the Kingsbridge Armory has languished despite grand plans by mega-developers, billionaire investors and celebrities to repurpose the 570,000-square-foot landmark. It hopes to bring high-tech manufacturing jobs, a live performance space, new businesses and affordable housing to the city-owned site. The proposed development, if selected by city officials, would be led by the Northwest Bronx Community and Clergy Coalition, an influential nonprofit group that has fought for racial justice, affordable housing and economic development in the city’s poorest borough since 1974. The plan grew out of years of frustration among community leaders and residents who were tired of being sidelined in previous plans for the armory.

Organizations: Kingsbridge Armory, Northwest Bronx Community, Clergy Coalition Locations: Bronx, Kingsbridge

☆ German cabinet to agree supplementary budget this afternoon - spokesperson
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

... Acquire Licensing Rights Read moreNov 27 (Reuters) - Germany's cabinet is expected to agree a supplementary 2023 budget this afternoon, a government spokesperson said on Monday. The cabinet will also try to present a 2024 budget by the end of the year, the spokesperson said, adding that if this did not work out, the plan was to agree a budget in January. The cabinet would base its reasoning for a renewed suspension of the country's debt brake on 2022 reasoning, the spokesperson added, speaking at a regular press conference in Berlin. Chancellor Olaf Scholz's government was forced to freeze most new spending commitments after the constitutional court blocked plans to repurpose unused pandemic funds towards green projects and industry subsidies, wiping billions from the federal budget. Reporting by Amir Orusov and Christian Kraemer, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Olaf Scholz, Chancellor Olaf Scholz's, Amir Orusov, Christian Kraemer, Rachel More Organizations: Thomson Locations: Berlin, Germany

☆ Southeast Asia's first luxury hotel made from retired buses opens in Singapore — take a look inside
▼ + stars: | 2023-11-27 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +3 min

The resort hotel has 20 rooms which will be open for stays from Dec. 1, 2023. Source: The Bus CollectiveIt only costs a dollar to ride a Singapore bus — but 398 Singapore dollars to sleep in one. The Bus Collective is Southeast Asia's first resort hotel to repurpose decommissioned public buses into luxury hotel rooms. The resort hotel officially opens on Dec. 1 and bookings are now available on its website. A look into the resortThe Bus Collective is located in Changi Village, Singapore — occupying 8,600 square meters of land.

Persons: Queen Victoria Organizations: SBS Transit, Changi Village Hawker Centre, Changi East Boardwalk, Changi Chapel & Museum, CNBC, Changi Sailing Club, WTS Travel, LHN Group, Sky Win Locations: Singapore, Changi Village, Changi, Hamilton, Pulau Ubin

☆ German government to agree budget fixes as way out of crisis
▼ + stars: | 2023-11-27 | by ( Christian Kraemer | ) www.reuters.com time to read: +3 min

Chancellor Olaf Scholz speaks next to Finance Minister Christian Lindner and Economy and Climate Minister Robert Habeck during a hearing at Germany’s lower house of parliament Bundestag in Berlin, Germany, November 15, 2023. The budget would see Germany suspend its constitutionally enshrined debt brake for a fourth year in a row as Chancellor Olaf Scholz's government fights its way out of a crisis that has triggered warnings about growth and an industry exodus. "The debt brake must remain." The debt brake, introduced after the global financial crisis of 2008-09, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. On Monday he stressed the need to give companies, who have been worried by the uncertainty caused by the budget crisis, clarity as quickly as possible.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Olaf Scholz's, finalising, Christian Duerr, Bijan Djir, Christian Kraemer, Riham, Matthias Williams, Alison Williams Organizations: Finance, Climate, REUTERS, Rights, Free Democrats, ZDF, Greens, Thomson Locations: Berlin, Germany, Sarai, East Germany

Linking Ukraine’s military assistance to U.S. border security interjects one of the most divisive domestic political issues — immigration and border crossings — into the middle of an intensifying debate over wartime foreign policy. Failure risks delaying U.S. military aid to Kyiv and Israel, along with humanitarian assistance for Gaza, in the midst of two wars, potentially undermining America's global standing. Rather than approve Biden’s request, which includes $61 billion for Ukraine, Republicans are demanding something in return. Democrats call these essentially nonstarters, and the border security talks are going slowly. Other Republicans, led by Rep. Marjorie Taylor Greene of Georgia, a Donald Trump ally, have drawn an even deeper line against Ukraine aid.

Persons: Volodymyr Zelenskyy, Joe Biden’s, ”, Luke Coffey, Andriy Yermak, Coffey, Vladimir Putin’s, Mitch McConnell, It’s, “, Sen, Chris Murphy, Conn, Biden, Tom Cotton, McConnell, Sabrina Singh, Democratic Sen, Jack Reed, Mike Garcia of, Garcia, Mike Johnson, Marjorie Taylor Greene, Donald Trump, Lolita C, Baldor, Ellen Knickmeyer, Stephen Groves Organizations: WASHINGTON, Hudson Institute, Republican, Associated Press, NORC, for Public Affairs Research, Biden, Republicans, Democrats, Senate, The Defense Department, Defense Department, Congressional Research Service, World Bank . National, Democratic, Senate Armed Services Committee, Russia, Kyiv, Navy, Rep Locations: Washington, Russia, Ukraine, Israel, Mexico, U.S, Kyiv, Gaza, Ukrainian, United States, Kentucky, Russian, Rhode Island, ”, Mike Garcia of California, Iraq, Marjorie Taylor Greene of Georgia

Europe's largest economy shrank 0.1% in the July-to-September quarter as inflation eroded people's willingness to spend, Germany's statistics office confirmed Friday. The downbeat figures come as the country's budget crisis raises the possibility of deep spending cuts next year. A court ruled last week that previous spending violated constitutional limits on deficits, forcing Chancellor Olaf Scholz's government to put off a final vote on next year's spending plan. The court said the move violated rules in the constitution that limit new borrowing to 0.35% of annual economic output. He termed the uptick in the Ifo survey of business managers as “a bottoming out” rather than a rebound.

Persons: Chancellor Olaf Scholz's, quarrelsome, Christian Lindner, ”, Carsten Brzeski, Brzeski Organizations: International Monetary Fund, Finance, ING Locations: FRANKFURT, Germany, Russia, Ukraine

☆ Rare earth discoveries mean coal mines could have a key role to play in the energy transition
▼ + stars: | 2023-11-24 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

Boy_anupong | Moment | Getty ImagesFrom Pennsylvania to the north of England, coal mines helped to power the Industrial Revolution, turbocharging the economic growth of countries around the world. SubscribeIn May, U.S. firm Ramaco Resources offered some insight into how coal may have a role to play in the years ahead. "It is expected they can be mined using normal surface mining techniques and processed in a more economic and environmental manner than conventional REE mines." Elsewhere, researchers at Penn State have also been focusing on ways to source rare earths and critical minerals via waste from coal mines. Across the Atlantic, efforts to repurpose old coal mines so that they can be used for many more years to come have also been taking shape.

Persons: Ramaco, REEs, CNBC's Kelly Evans, Randall Atkins Organizations: Greenpeace, UN, International Energy Agency, CNBC, Ramaco Resources, Weir International, U.S . Department of Energy's National Energy Technology Laboratory, China, West Virginia University, U.S . Department of Energy, Penn State, Geothermal Engineering Limited Locations: Pennsylvania, England, U.S, REE, Wyoming, United States, China, Scotland

☆ Millions of old Toyota Prius hybrids will be recycled for new EV batteries, thanks to a startup run by Tesla cofounder JB Straubel
▼ + stars: | 2023-11-16 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

The agreement will mean Redwood can recycle batteries from millions of old Prius hybrids. Redwood Materials, a battery recycling startup run by Tesla cofounder JB Straubel, unveiled a big new agreement with Toyota. The companies expanded an existing pact so Redwood can recycle batteries from older Toyota vehicles. Redwood Materials wouldn't say how much this Toyota deal is worth. AdvertisementDespite this, Thursday's agreement with Redwood Materials suggests that Toyota is actually pretty committed to EVs.

Persons: —, JB Straubel Organizations: Redwood Materials, Toyota, Service, EV, Materials, Redwood, Panasonic Locations: Redwood, North Carolina, California, Nevada

WASHINGTON (AP) — The White House on Monday announced a strategy to potentially expand the availability of radio spectrum needed for cellphones, satellites, navigation, space travel and other emerging technologies. The increasingly digitized and mobile economy has put pressure on the available range of frequencies used for wireless communication. “We all understand the spectrum is crowded, demand is growing fast,” said Arati Prabhakar, director of the White House Office of Science and Technology Policy. The National Telecommunications Information Administration will perform a two-year study on how to possibly repurpose 2,786 megahertz of spectrum, which could be used for wireless broadband, drones, and satellites. There will also be coordination among government agencies, encouragement of innovation in the sector and workforce development as part of the strategy.

Persons: ”, Arati Prabhakar Organizations: WASHINGTON, White, Office of Science, Technology, Federal Communications Commission, National Telecommunications Information Administration

☆ Google, Lendlease axe plans for $15 billion development in Bay Area
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Alicia Wallace | ) edition.cnn.com time to read: +4 min

CNN —Alphabet’s Google has scrapped a development deal to build $15 billion worth of homes, offices and retail space in California’s Silicon Valley. The announcement comes amid a period of deep cost-cutting and layoffs for Google and during a time when commercial real estate is faltering. Billion-dollar investmentsIn June 2019, Google made a $1 billion pledge to help develop more affordable housing in the increasingly unaffordable region. A month later, Google partnered with Lendlease to redevelop its landholdings for a 10- to 15-year project valued at $15 billion. Lending to commercial real estate developers and managers largely comes from small and mid-sized banks, where the pressure on liquidity has been most severe.

Persons: Lendlease, “, ” Lendlease, Google’s, we’ve, ”, Sundar Pichai, “ We’ve, ” Scott Foster, Goldman Sachs Organizations: CNN, Google, San Francisco Bay Project, Alexa, Wall Street Journal, Lendlease Locations: Silicon, San Francisco Bay, San Jose, Sunnyvale, Bay, Mountain View

☆ Turning a tiny fraction of America's dead strip malls into housing could create 700,000 new apartments
▼ + stars: | 2023-11-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Old or vacant strip malls offer a promising opportunity to create much-needed new housing. A new report found that converting 10% of strip malls into housing could create 700,000 new homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing. But when it comes to strip mall conversions, finding the right property to redevelop is the bigger challenge. And older strip malls are often costlier to maintain than to tear down and redevelop.

Persons: —, Ahmad Abu, Khalaf, It's Organizations: Service, Enterprise Community Partners, International Council of Shopping Centers, Sears Locations: Ahmad, Cities, Abu, Santa Ana , California, Irondequoit , New York

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