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Companies Tesla Inc FollowNEW YORK, June 23 (Reuters) - A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation's biofuel blending program. The new EV pathway would be a major overhaul of that program by expanding it to include stakeholders in the electric vehicle industry. Garamendi originally introduced the bill in 2021, with bipartisan cosponsors including Representative Jack Bergman, a Republican from Michigan, and Representative Mariannette Miller-Meeks, a Republican from Iowa. Groups including the Renewable Fuel Standard Power Coalition, the Biomass Power Association and the American Loggers Council have endorsed the impending bill. The bill would also make biomass removed from federal forestlands eligible under the RFS as renewable biomass.
Persons: Biden, John Garamendi, Garamendi, Jack Bergman, Mariannette Miller, Meeks, Stephanie Kelly, Alistair Bell Organizations: Tesla, U.S, Democratic, U.S . Renewable Fuels, . Environmental Protection Agency, Reuters, Republican, Standard Power Coalition, Biomass Power Association, Thomson Locations: California, Michigan, Iowa
Jharrel Jerome Photo: Pete Lee/Prime VideoA blend of screwball comedy and socioeconomic outrage, “I’m a Virgo” might have been written by the team of Harpo and Karl Marx , though it is basically a fairy tale—about a 13-foot-tall black man, cloistered his whole life and then unleashed upon the world. Or, rather, the world is unleashed upon him.
Persons: Jharrel Jerome, Pete Lee, , Harpo, Karl Marx
MELBOURNE, June 21 (Reuters) - The world's biggest iron ore miner Rio Tinto (RIO.AX) said on Wednesday that it had reopened a rail line at its Western Australian operations after a train carrying iron ore near the port of Dampier derailed at the weekend. The line will remain subject to speed restrictions while a clean up of the site is underway and an investigation into the cause of the derailment is ongoing, a Rio Tinto spokesman said via email. The incident on Saturday was the second such event in recent years after peer BHP Group (BHP.AX) derailed a runaway iron ore train in the same region in late 2018. The loaded train with some 30 wagons would have been carrying around 3,900 to 4,500 metric tons of iron ore, according to one estimate. Rio Tinto has not said what the impact on its customers would be, if any, and declined any further comment.
Persons: Rio, Melanie Burton, Shri Navaratnam, Jamie Freed Organizations: MELBOURNE, Rio Tinto, BHP Group, Tinto, Thomson Locations: Rio, Dampier
[1/2] Choices at the gas pump including ethanol or no ethanol gas are seen in Des Moines, Iowa, U.S., January 29, 2020. The U.S. Environmental Protection Agency plans to finalize biofuel blending volumes at 20.94 billion gallons in 2023, 21.54 billion gallons in 2024 and 22.33 billion gallons in 2025, the sources said. That compares with the initial proposal announced in December of 20.82 billion in 2023, 21.87 billion in 2024, and 22.68 billion in 2025. But the finalized volumes include just 15 billion gallons of conventional biofuels like corn-based ethanol in all three years, plus a 250 million-gallon supplemental amount for 2023, the sources said. Ethanol producers and corn farmers like the mandates because they provide a market for their products, while the oil industry finds the requirements too pricey.
Persons: Brian Snyder, Biden, Emily Skor, Stephanie Kelly, Jarrett Renshaw, Matthew Lewis Organizations: REUTERS, Reuters, The, Environmental Protection Agency, Congress, Growth Energy, EPA, U.S . Renewable, EV, Thomson Locations: Des Moines , Iowa, U.S, The U.S, New York, Philadelphia
New York CNN —Homeowners insurance is becoming more expensive and, in many places, more difficult to find. The companies also blame limits placed on insurance premiums in some states, including California. Insurance premiums nationwide aren’t up significantly – only 1.6% in the last 12 months according to the Consumer Price Index, the government’s main inflation measure. For instance, in Louisiana, 17% of homeowners insurance policyholders had their policies canceled last year, according to an annual report from Louisiana State University. Meanwhile, more than two-thirds of policyholders said homeowners and flood insurance are more expensive in Louisiana than other states.
Persons: Ian, , Matthew Carletti, “ They’ve, it’s, ” Carletti, Dave Jones, ” Jones, policyholders, Carletti, Frank Frievalt’s, ” Frievalt, Organizations: New, New York CNN — Homeowners, Farm, Allstate, JMP Securities, Consumer, State Farm, State, Louisiana State University, Citizens Property Insurance, UN Locations: New York, Florida, California, California , Florida, Louisiana, Nevada, , California
While now considered compact with 40 holdings, portfolio manager Andrew Choi said it has become known for its cushion when the market hits a bad patch. " The fund has returned 10.9% annually since its inception, compared with a 9.9% year gain over the same period for the broad S & P 500. PRBLX .SPX YTD mountain The fund vs. the S & P 500 'Dancing in the right places' The fund was created in 1992, about eight years after the firm itself began. He said the fund finds stocks that can provide downside cushion by looking at moats and management teams. Rolling returns over the past five years show the fund outperforming the S & P 500 and Russell 1000 about 60% of the time.
Persons: Andrew Choi, Choi, Morningstar, Todd Ahlsten, Ahlsten, Warren Buffett, Biden's, they're, Salesforce, Charles Schwab, Apple, Big, Stephen Welch, it's, Russell, sharpe, Welch Organizations: Equity Fund, firm's CIO, GOP, Semiconductor, Devices, Nvidia, Bank of America, Microsoft, Apple, Deere, Linde, Procter, Gamble, Adobe, Mastercard Locations: downturns
The World Bank estimates Ukraine's reconstruction will cost $411 billion, three times the country's gross domestic product. Since Russia's invasion in February 2022, external backers have poured $59 billion into Ukraine for financing needs. "If you have to rebuild, it is logical to rebuild green in line with new technologies... Our vision is to build a 50 million tonnes green steel industry in Ukraine," he told Reuters. To help raise $20-$40 billion in initial funding, Ukraine plans a coalition of industry, public and private sector stakeholders to develop the plan, including doing initial scoping work on projects. "Ukraine's bravery on the battlefield must be matched by the vision of the private sector to help the country rebuild and recover," Sunak will say.
Persons: Pavel Klimov, Rostyslav, Volodymyr Zelenskiy's, Shurma, Rishi Sunak, Matteo Patrone, Ayomide Mejabi, Elisa Martinuzzi, Frances Kerry Organizations: Bank, Reuters, British, Ukraine, Ukrainian Development Fund, BlackRock, European Bank for Reconstruction, London, Republican, Democratic, Russia, NATO, JPMorgan, Jorgelina, Thomson Locations: Ukraine, Russia, Mariupol, Europe, Ukrainian, London, Britain, Rosario
It's focused on maximizing your after-tax yield with a diverse, low-cost blend of bond ETFs. Read our review Read Our Review A looong arrow, pointing rightWhy you should consider an automated bond portfolioWealthfront's automated bond portfolio pays a 5.59% yield, which is higher than Wealthfront's own cash account that pays 4.55% to 5.05%. Also, the automated bond portfolio may be tax-advantaged, but there's no guarantee that it will work. But neither platform offers automated investing specifically for bond ETFs, so passive investors are better off with Wealthfront. It also invests in a blend of commission-free bond ETFs and iShares bond ETFs.
Persons: Wealthfront, , Charles Schwab, you'll Organizations: Bond, Service, SEC, Reading Chevron, Treasury, Fidelity, Wealthfront
Opinion: This TV mom changed everything
  + stars: | 2023-06-14 | by ( Opinion Raakhee Mirchandani | ) edition.cnn.com   time to read: +7 min
Raakhee Mirchandani Kim Lorraine PhotographyI never searched for either of us on TV. I’m grateful NHIE gave Indian moms — Brown moms, Desi moms, South Asian moms — the crown we deserve. (L to R) Poorna Jagannathan as Nalini Vishwakumar, Maitreyi Ramakrishnan as Devi in episode 410 of "Never Have I Ever." But now, among the cohort of timeless TV mothers, there’s Devi’s mom — and let me tell you: Nalini, as realized by the inimitable Jagannathan, certainly has got it going on. (And anyone with a Brown mom knows the eyes; one look is all it takes.)
Persons: Kalpana Chawla, , Brady, Roseanne, Angela Bower, Clair Huxtable, Aunt Viv, Raakhee Mirchandani Kim Lorraine, Desi, Vishwakumar, Poorna Jagannathan, I’m, NHIE, — Brown, Mindy Kaling, Lang Fisher, Maitreyi Ramakrishnan, Jessica Brooks, , Brown, there’s, Devi, Nalini, wasn’t, Will, Jamie Ryan, Niecy Nash, let’s, She’s, she’s Organizations: CNN, Netflix, Princeton, Twitter, Facebook
The current exhibition, “Desert Flood,” co-curated by Jérôme Sans and Mr. Riestra and running through July 31, is a good example. Another gallery space features “We Are All in the Same Boat,” from the Danish art cooperative Superflex. Viewers walk all around the illuminated words, with many of them seizing the opportunity to bask in its moody lighting and snap selfies. It consists of a series of 35 neon sculptures, hung from the ceiling, and casting purplish-red hues on the walls, floor and ceiling. Spaces meld together as artworks flow up and down staircases, blend into the cafe area and push outward through the main lobby.
Persons: , Jérôme Sans, , Claudia Comte, Gabriel Rico Locations: Swiss, Veracruz, Guadalajara
The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.
Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, , Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York
As a doctor and food scientist, I've spend 20 years studying how our diets can help us beat diseases and live longer. Both the Mediterranean region and Asia have areas known as Blue Zones, where people age better, live longer, and are overall healthier. Here are the five staples of MediterAsian eating that can help you boost immune health and live longer:1. Lentils: Lentils are a classic legume in Mediterranean cuisine. Bottles and jarsExtra virgin olive oil (EVOO): EVOO is the most desirable form of olive oil.
Persons: I've, Roe Locations: Asia
When four men were charged this week in the brazen armed robberies of two Manhattan jewelers, their ages suggested it might not be their first encounter with the criminal justice system. Among them, according to officials and court documents, the men have ties to the Genovese, Lucchese and Kansas City, Mo., crime families; a history of bank robberies, racketeering and killings; and a jailbreak reminiscent of a Hollywood movie. The defendants are Vincent Cerchio, 69; Michael Sellick, 67; Frank DiPietro, 65; and Vincent Spagnuolo, 65. The U.S. attorney’s office for the Southern District of New York charged the four with stealing $2 million in diamonds and other gems at gunpoint while dressed as construction workers to blend in on busy streets. A fifth man, Samuel Sorce, 25, of Florham Park, N.J., is charged with being a getaway driver in one of the heists.
Persons: Genovese, Vincent Cerchio, Michael Sellick, Frank DiPietro, Vincent Spagnuolo, Samuel Sorce Organizations: Lucchese, Kansas, Southern, of Locations: Manhattan, Kansas City, Mo, U.S, of New York, Florham Park, N.J
Mark Zuckerberg has spent the last nine months against the ropes as his company has made big cuts to its work force and struggled to gain mainstream traction with its ambitious plans for virtual reality. On Thursday, he told Meta employees how he planned to get the company back on track. In an all-hands meeting, Mr. Zuckerberg offered an explanation for recent layoffs and for the first time laid out a vision for how Meta’s work in artificial intelligence would blend with its plans for the virtual reality it calls the metaverse. Mr. Zuckerberg’s talk was an attempt to rally staff after the most tumultuous period in his company’s 19-year history. The chief executive said he made “tough decisions” about layoffs with the goal of “building a better technology company” that shipped better products, faster — something he believed Meta wasn’t doing well as it swelled to more than 80,000 employees at the peak of the pandemic.
Persons: Mark Zuckerberg, Zuckerberg, Meta wasn’t, Organizations: Meta, New York Times
Three Books That Make Tess Gunty Angry
  + stars: | 2023-06-08 | by ( ) www.nytimes.com   time to read: +4 min
I can’t believe I get to share a time period with all of these people. In this poem, the speaker is thunderstruck by a newfound “plague of gratitude.” The speaker says: “Not long ago I was hard to even/hug ... The poem plunged me into that first miraculous flash of hope you enjoy after a long storm of bad brain chemistry. They are facilitated by an absence of legal restrictions and the primeval excuse that if We don’t do it first, They will. My family is always shocked by how many books on neuroscience and quantum physics I’ve amassed.
Persons: Claudia Rankine, Anne Carson, Maggie Nelson, Yuri Herrera, Zadie Smith, Diane Williams, Valeria Luiselli, Olga Tokarczuk, Rachel Kushner, Elena Ferrante, Ben Lerner, Carmen Maria Machado, Joy Williams, Hanif Abdurraqib, Nuar Alsadir, Robin Coste Lewis, Natalie Diaz, Ocean Vuong, Sharon Olds, Morgan Parker, Tommy Pico, Terrance Hayes, Ada Limón, Tracy K, Smith, Annie Baker, Amy Herzog, Paula Vogel, Svetlana Alexievich, Rachel Aviv, Ed Yong, Matthew Desmond, Alexandra Kleeman, Susan Choi, Chris Ware, Tommy Orange, Javier Zamora, Jenny Offill, Annie Ernaux, Anne Enright, Lydia Davis, Raven Leilani, Mark Z, Jennifer Egan, George Saunders, Wolf, Kaveh Akbar, ” Akbar alchemizes, , I’m, Patrick Radden Keefe, Sackler, , Brian Christian, I’ve, Iain McGilchrist, Alex Locations: Ocean, America, , postindustrial Indiana
One source for such items is Outlandish, the Crown Heights, Brooklyn, outfitter that opened in January. It was co-founded by Benje Williams and Ken Bernard, who are Black, expressly to encourage people of color to reconnect with the outdoors. The shop sells the necessary gear but also organizes hikes outside of the city and hosts a book club focused on works about nature by writers of color. He and his father, who hadn’t gone backpacking in 40 years, have been on three more trips since. For the adventurous dad, Williams recommends an ultralightweight stuff sack from Allmansright, whose backpacks and bags are handmade in the Bronx, or socks from the Brooklyn-based label William Ellery, which offers wool-blend pairs in nature-inspired colors with names like Chanterelle and Lichen.
Persons: Benje Williams, Ken Bernard, Williams, Benjamin, William Ellery, Daniella Manini, Jade, Jamaica Organizations: Father’s, New Locations: , Brooklyn, outfitter, Sierra Nevada, Allmansright, Bronx, Brooklyn, Peruvian, California, Ita, British Nigerian, New Yorker, Antigua, outlandish.nyc
It's focused on maximizing your after-tax yield with a diverse, low-cost blend of bond ETFs. Here's everything you need to know about the new Wealthfront automated bond portfolio. Read our review Read Our Review A looong arrow, pointing rightWhy you should consider an automated bond portfolioWealthfront's automated bond portfolio pays a 5.48% yield, which is higher than Wealthfront's own cash account that pays 4.55% to 5.05%. Also, the automated bond portfolio may be tax-advantaged, but there's no guarantee that it will work. It also invests in a blend of commission-free bond ETFs and iShares bond ETFs.
Persons: Wealthfront, , Charles Schwab, you'll Organizations: Bond, Service, SEC, Reading Chevron, Treasury, Fidelity, Wealthfront
The Folly Joshua Tree is an off-grid, two structure space designed by Malek Alqadi. Alqadi and business partner Hillary Flur had prior success renting their Los Angeles apartments on Airbnb. Then in 2016, Alqadi and Flur finally landed on 2.5 acres in Joshua Tree after one of Flur's colleagues told her they were buying property there. Alqadi and Flur purchased the off-grid, rundown homestead for $15,000 and got to work on renovating the property. This one-of-a-kind property took approximately a year to complete.
Persons: Joshua Tree, Malek Alqadi, Hillary Flur, , Flur Organizations: Service, Home Locations: Angeles, Airbnb, LA
Following the announcement of Apple's Vision Pro headset at its annual Worldwide Developers Conference, some attendees were whisked away in golf carts to a location on the company's campus to try out the new headset. Many noted the device's display screens were impressive (each have a more-than 4K resolution) and its hand-eye scrolling and tapping functions were responsive and worked mostly smoothly. YouTuber Brownlee said the most impressive thing about the headset was the device's internal eye-tracking technology, calling the experience "telepathic." The Verge's Patel was impressed by the device's display, which he said was "easily the highest-resolution VR display I have ever seen," and its "video passthrough" technology — the device's display adjusting to show a person who is talking to you in-person or your surroundings. "The most perfect headset demo reel of all time is still just a headset demo reel — whether Apple's famed developer community can generate a killer app for the Vision Pro is still up in the air," The Verge's Patel wrote.
Persons: YouTuber Marques Brownlee, Nilay Patel, , YouTuber Brownlee, Brownlee, I've, Patel, Robin Roberts, Roberts, Joanna Stern, Stern Organizations: Apple, Developers, Apple's, Developers Conference, Vision
Opinion | Trump Wants to Party Like It’s 1776
  + stars: | 2023-06-05 | by ( Michelle Cottle | ) www.nytimes.com   time to read: +2 min
These low-energy losers wouldn’t know how to throw a birthday blowout if their poll numbers depended on it. Even as Mr. Trump hawks the project as an opportunity for national uplift, he has woven in themes and language seemingly designed to provoke discord. It is a sad commentary on our political climate that something as potentially unifying as a national birthday party comes loaded with divisive cultural baggage. But in the Trump era, it also became a culture-war rallying point, a shorthand for one’s commitment to traditional values and hostility to anything conservatives deem woke. Mr. Trump pitched the commission as a way to combat the “twisted web of lies” being taught to schoolchildren by America-hating radicals — a way to help “patriotic moms and dads” fight back against this “child abuse.”
Persons: , Ron DeSantis, Nikki Haley, Mike Pence, Trump’s, Trump Organizations: America Locations: Iowa, America
Apple lived up to months of expectations on Monday when it introduced new high-tech goggles that blend the real world with virtual reality. The $3,500 device, called the Vision Pro, will offer “augmented reality” and introduce “spatial computing,” Apple said. But conspicuously absent from its carefully choreographed announcement were the actual words “virtual reality,” underscoring the challenges the tech giant will likely face in marketing the device to a mass consumer audience. Past virtual reality offerings, including Google Glass, Magic Leap, Microsoft’s HoloLens and Meta’s Quest Pro, have been either commercial failures or only modest successes. And companies have so far failed to demonstrate what is indispensable about virtual reality.
Persons: Apple, , , Microsoft’s Organizations: Google, Meta’s
It'll be the company's first major new product since the first Apple Watch in 2014. Apple's goggles are expected be sleekly designed and capable of toggling between totally virtual or augmented options, a blend sometimes known as "mixed reality." Magic LeapDaniel Diez, Magic Leap's chief transformation officer, said there are four major questions Apple's goggles will have to answer: "What can people do with it? The anticipation that Apple's goggles are going to sell for several thousand dollars already has dampened expectations for the product. But those forecasts were obviously made before it's known whether Apple might be releasing a product that alters the landscape.
Persons: It'll, Apple, Steve Jobs, hasn't, Mark Zuckerberg, Tim Cook, Cook, it's, Sergey Brin, Daniel Diez, Magic, Dan Ives, Zuckerberg, Leap's Diez Organizations: Apple, Apple Watch, Meta, Google, Microsoft, Wedbush Securities, CCS Insight Locations: Cupertino , California, Italy, San Francisco
CUPERTINO, California, June 5 (Reuters) - Apple Inc (AAPL.O) is expected to unveil a mixed-reality headset at its annual software developer conference on Monday, its first big move into a new product category since the introduction of the Apple Watch nine years ago. Like Meta's Quest Pro from last year and Quest 3 announced last week, Apple's device is likely to blend a video feed from the outside world with a virtual world displayed on screens inside the headset. Investors and tech fans alike will be focusing on how much Apple's view of the virtual reality market overlaps with Meta's. In addition to Meta, Sony Group Corp (6758.T) and ByteDance-owned Pico both recently released virtual reality devices. Investors will also look for updates on CarPlay, Apple's software for vehicles, which the company said last year would start to power more dashboard functions.
Persons: It's, Mark Zuckerberg, Stephen Nellis, Edwina Gibbs Organizations: Apple Inc, Apple Watch, Apple, Facebook, Meta, Meta's, Quest, Sony Group Corp, Pico, Research, IDC, Apple Park, Thomson Locations: CUPERTINO , California, San Francisco
The city has a strong sense of communityHelsinki may be a capital city, but at times it felt like a small town. Visit Finland calls design an "essential cornerstone of the city," integral to the way the capital city functions. Public spaces, such as Oodi Helsinki's new central library, receive large amounts of state funding for construction. InsiderHelsinki's public spaces are often built to blend into natural settings. The city felt safeFinland benefits from high levels of social trust — and despite being the capital, Helsinki is no different.
Persons: , they'll, Alvar Aalto Organizations: Service, Gallup, Helsink, metros, Helsinki Locations: Helsinki, Finland, Helsinki's
Alex Cornell, an interface designer, created a fake design firm with AI tools in one weekend. Alex Cornell, an interface designer, made a fictional design firm in one weekend with the help of generative AI tools. The design firm, Andever Design Partners, was so convincing some Twitter users assumed it was real. "I got really good really fast using it just because I had such a specific target, it made it really easy to learn how to improve." Alex Cornell / AndeverHowever, Cornell did discover a few tricks to keep things consistent.
Persons: Alex Cornell, Cornell, Alex Cornell's, Midjourney, Andever Organizations: Design Partners, Cornell Locations: San Francisco
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