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☆ Angry Farmers Are Reshaping Europe
▼ + stars: | 2024-03-31 | by ( Roger Cohen | Ivor Prickett | ) www.nytimes.com time to read: +1 min

It was recognized in 1957 with a designation of origin, similar to that accorded a great Bordeaux. “The mash adds a little fat and softens the muscles formed in the fields to make the flesh moist and tender,” Mr. Sibelle explained with evident satisfaction. But if this farmer seemed passionate about his chickens, he is also drained by harsh realities. Mr. Sibelle, 59, is done. He and his wife, Maria, are about to sell a farm that has been in the family for over a century.

Persons: Jean, Michel Sibelle, Mr, Sibelle, Maria Organizations: European Union Locations: France, Bresse, Bordeaux

☆ As crews work to lift first piece of Baltimore bridge debris, officials eye a temporary channel around the collapse site
▼ + stars: | 2024-03-31 | by ( Dalia Faheid | ) edition.cnn.com time to read: +6 min

CNN —Crews are working to remove the first portion of Baltimore bridge wreckage – the starting point in a complicated, extensive cleanup process that could help open up a temporary channel to get more vessels into the water around the collapse site, officials said. In the meantime, conditions in the water make it unsafe for divers as pieces of the bridge remain submerged in the water. The port “handles more cars and more farm equipment more than any other port inside this country,” the governor said. Plus, “at least 8,000 workers on the docks have jobs that have been directly affected” by the collapse. In order to reopen the port, the Coast Guard says it will first clear debris from the deep draft channel, remove the ship, then clear debris from the bridge across the waterway.

Persons: CNN — Crews, Wes Moore, It’s, Francis Scott Key, Baltimore Mayor Brandon Scott, Moore, ” Moore, Shannon Gilreath, you’ve, ”, it’s, ” Gilreath, Al Drago, Roland L, Butler, Mark Martin, ” Martin, Martin, “ Organizations: CNN, ”, ” Maryland Gov, Authorities, Baltimore Mayor, US Coast Guard, Coast Guard, Baltimore Gas and Electric Company, Bloomberg, Getty, SalvOcean Locations: Baltimore, ” Maryland, Maryland, Port of Baltimore, “, Patapsco, Baltimore Harbor

The weeklong Koyukon Athabascan burial ceremony in September was traditional in all ways but one: McCormick died in 1931. The 2,500-mile (4,000 km) journey ended at Morningside Hospital. For more than 15 years, volunteers in Fairbanks and in Portland have been working to identify the people who were committed to the hospital. Most records at the private hospital were lost in a 1968 fire, and territorial officials didn’t document those who were committed. McCormick died within weeks from a post-surgery infection.

Persons: — Lucy Pitka, McCormick, “, ”, Lucy, Wally Carlo, Karen Perdue, Niesje Steinkruger, Meg Green, Ellen Ganley, Robin Renfroe, Eric Cordingley, Ganley, Perdue, Gilford Kriska, Kriska, Henry Waldo Coe, Steinkruger, Cordingley, “ I’m, Baby Louise Haven, Lucy McCormick’s, —, Fairbanks, Helen Callahan, Carlo, Grandma Lucy, they’re Organizations: Morningside Hospital, Interior, National Archives, Alaska Natives, Morningside Locations: ANCHORAGE, Alaska, Fairbanks, Portland , Oregon, Valdez, Portland, Morningside, Oregon, College Park , Maryland, Nulato, Juneau, www.findagrave.com, Rampart

☆ Reopening the Port of Baltimore could take weeks as colossal wreckage cleanup gets underway, officials say
▼ + stars: | 2024-03-30 | by ( Dalia Faheid | Aditi Sangal | ) edition.cnn.com time to read: +6 min

CNN —It could take weeks for the Port of Baltimore to reopen as an arduous cleanup process to clear the massive wreckage from this week’s catastrophic bridge collapse begins, leaving commuters and workers in limbo and supply chains in disarray, officials said. More than 1,000 engineers in Baltimore and across the country are studying the wreckage piece-by-piece to figure out the best plan to remove it. To help with this massive task, more heavy equipment is expected at the scene in the coming weeks. The port is the largest in the US for cars and light trucks, handling a record 850,000 vehicles last year, Moore said. “Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic,” Moore said Friday.

Persons: –, Francis Scott Key, Crews, “, ”, Scott Spellmon, Spellmon, Wes Moore, ” Moore, Moore, that’s, Mark Schiefelbein, Gustavo Torres, …, ” Torres, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Miguel Luna, Suazo Sandoval, Carlos Hernández, Hernández, Jazmin Alvarez, Lucia Zambrano, ” Zambrano, – Jose Mynor Lopez –, Isabel Franco, Lilly Ordonez, Franco Organizations: CNN, Port, US Army Corps of Engineers, Coast Guard, Maryland Gov, Workers, Authorities, CASA, AP CASA, Univision, Univision she’s Locations: Port of Baltimore, Baltimore, Maryland, America, Mexico, Guatemala, El Salvador, Honduras, Dundalk , Maryland

☆ Kate, Princess of Wales conspiracies peddled by Russian disinformation group, experts say
▼ + stars: | 2024-03-30 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

The motive of such campaigns, Innes said, is to “destabilize” Russia’s Western antagonists and “undermine trust” in their institutions. The pattern of behavior was one his team recognized from a group of Russian actors his team had studied before. It is a commercial firm contracted to run disinformation campaigns, Innes said. Aaron Chown/Press Association/APMeta said it disrupted the group, but its disinformation campaigns have since grown more sophisticated. The timing of the Kate conspiracies was also propitious for the Kremlin – coming just as Putin secured a fifth term in power in a stage-managed election devoid of credible opposition.

Persons: Catherine, Princess of Wales, Kate, “, ” Martin Innes, ” Innes, Emmanuel Macron, Innes, Princess, Wales, ”, Instagram –, Doppelganger, Aaron Chown, King Charles III, Rasmus Kleis Nielsen, ” Anna George, Timothy Snyder, Vladimir Putin’s, Henry Nicholls, Prince William, ’ ”, Putin Organizations: CNN, Cardiff University, –, Soviet, Meta, Facebook, Press Association, AP Meta, US Treasury, British Embassy, Reuters Institute for, Journalism, Oxford University, Oxford Internet Institute, Yale, Russian Foreign, ” Police, London Clinic, Getty, CNN’s Royal, Kremlin Locations: Wales, Ukraine, ”, Russia, Soviet Union, London, Moscow, Cardiff, Russian, United States, Europe, British, Kensington, Britain, AFP, Windsor

Although both Blevins and Patterson are Republicans, the race is nonpartisan and open to all registered voters in the ward. The recall effort in Oklahoma was launched by two longtime Enid residents, best friends Connie Vickers and Nancy Presnall, both Democrats in a county where Republicans have a nearly 4-to-1 advantage in voter registration. The two helped spearhead a signature drive to qualify Blevins’ recall for the ballot, getting 350 signatures from voters in the ward, far more than the 240 they needed. "The people who support that ideology are very passionate and very dedicated, and up until this point we haven't been. “We determined that we have a good group together that wants to do good things for the community,” Presnall said.

Persons: ENID, Judd Blevins, Cheryl Patterson, Blevins, Patterson, Marjorie Taylor Greene, Paul Gosar of, Connie Vickers, Nancy Presnall, ” Presnall, It's, ” Blevins, ”, Evropa, Donald Trump, “ I'm, Patrick Anderson, Enid, Anderson, James Neal, ” Neal, “, ___, Sean Murphy Organizations: Southern Poverty Law Center, Reps, Enid, Republicans, Republican, Democrat, Nazi, University of Virginia, Enid News & Eagle, Air Force, Holy Orthodox Catholic Church, Enid Social Locations: Okla, Oklahoma, Enid, Iraq, Charlotesville , Virginia, United States, Marjorie Taylor Greene of Georgia, Paul Gosar of Arizona

☆ I thought having my own office meant I'd 'arrived,' but it was depressing. Here's why open-plan office layouts are best.
▼ + stars: | 2024-03-30 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

During that time, she's worked in cubicles, open plan offices, and has had her own office spaces. There was another intern who had her own cubicle with high walls that kind of looked like a mini office. I've spent 10 years in financial services, where I worked in everything from high-walled cubicles to open office floor plans to eventually having my very own office. I also spent 10 years in B2B tech and software-as-a-service companies, where there's nothing but open office plans. Having my own office was depressing and soul-crushingHaving your own office is associated with prestige and privacy, but my first experience of this was horrible.

Persons: Jennifer Moore, she's, —, I've, Moore Organizations: Service Locations: cubicles, Salt Lake City, Wells Fargo

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ A 32-year market vet warns the S&P 500 is set to fall 50%-70% in the years ahead with valuations at historic highs — and says that an imminently weakening labor market will be the catalyst for the cra
▼ + stars: | 2024-03-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

According to Bank of America, valuation levels explain 80% of the market's return over a 10-year period. Bank of AmericaThere are many ways to measure valuation levels in the overall market. Hussman says it's the most accurate indicator of future market returns that he's found. AdvertisementThe Conference BoardThird, the number of US states with a rising unemployment rate is spiking, meaning that the overall unemployment rate should see further upside. BullAndBearProfits.comThe US unemployment rate is already on a slight uptrend, having climbed from 3.4% in April 2023 to 3.9% as of February.

Persons: —, Jon Wolfenbarger, Merrill Lynch, John Hussman's, he's, Warren Buffett, Wolfenbarger, Stocks, Woflenbarger, Cam Harvey, Claudia Sahm, Louis Fed, Jeremy Grantham, John Hussman, David Rosenberg, Goldman Sachs, David Kostin, America's Savita Subramanian, Ian Shepherdson, Shepherdson Organizations: Service, Bank of America, Business, JPMorgan, National Federation of Independent Business, Board, Treasury, Bank, America's

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.

Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, “, Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud

☆ Oklahoma Was a Legal Marijuana Utopia. Then Came the Mass Murder
▼ + stars: | 2024-03-29 | by ( Matt Stroud | ) www.businessinsider.com time to read: +32 min

Fourteen months after the murders, the garage of the abandoned marijuana farm on prairie tableland northwest of Oklahoma City sits frozen and dark. Broadway Avenue in Kingfisher, Oklahoma, about 30 miles south of where Wu Chen, 47, executed four people at a marijuana farm. When Oklahoma legalized medical marijuana, the only real requirement was that Oklahoma residents had to be involved in marijuana growing and selling. But Oklahoma required 75% of any marijuana business to be owned by an Oklahoma resident. Deputies from the Kingfisher County Sheriff's Office were the first to arrive at the scene of a quadruple homicide at an abandoned marijuana farm.

Persons: Wu Chen, Mike Simons, Kevin Stitt, Sean Hannity's, Dan Newhouse, Liu, Chen, Yi Fei Lin, Mark Woodward, —, OBN, Adria Berry, BI Adria Berry, I'm, Barb Miuccio, Jeremy Grable, Jeremy, Barb, she's, Barbara Miuccio, Treez, Matt Stacy, Stacy, Stitt, Jeremy they'd, he'd, OMMA, didn't, Barb didn't, Barbara, Stacy —, she'd, Stacy hadn't, BI Jonathan Riedlinger, Riedlinger, Lin, Qirong Lin, Hechun Chen, Qiang Chen, Fang Lee —, Wenbo Lin, Wu Chen —, Wenbo Lin didn't, Reidlinger, Jed Green, Matthew Alan Stacy, Barb —, — he's, He'd, Woodward, Helen Carillo, He's, Kevin Pham, Pham, BI Pham, ProPublica, recriminations, Green, It's, they're, I'd, Ken Thompson, Thompson, Chen didn't, He'll, Jonathan Riedlinger, Kiki, I've Organizations: Oklahoma City, Broadway, BI, Marijuana, Oklahoma, Oklahoma Medical Marijuana Authority, Republican, Sean Hannity's Fox, Fox News, Chen Inc, Narcotics, BI Adria, Oklahoma's Army National Guard, OBN, Business, Oklahoma State Bureau of, Sheriff's, Prosecutors, CSI Accounting Services, Whitney Economics, NBC, Cannabis, Virginia Slim, Florida . Police Locations: Oklahoma, Kingfisher County , Oklahoma, Ames , Oklahoma, Kingfisher , Oklahoma, Pennsylvania, California, Arkansas, Republican Washington, China, Kingfisher County, Dallas, Moore , Oklahoma, Oklahoma City, Afghanistan, Iraq, Ukraine, He's, Moore, Kingfisher, Hennessey , Oklahoma, OMMA, Mexico, Edmond, Tulsa, Russia, Bulgaria, Armenia, Steakhouse, Virginia, Florida, Miami Beach, Miami

☆ Cargo ship had engine maintenance in port before it collided with Baltimore bridge, officials say
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +8 min

The others were presumed dead, and officials said search efforts had been exhausted. Investigators on Wednesday began collecting evidence from the vessel that struck the Francis Scott Key Bridge the previous day. U.S. Coast Guard Rear Admiral Shannon Gilreath said authorities had been informed that the ship was going to undergo the maintenance. "We were informed that they were going to conduct routine engine maintenance on it while it was in port. Video showed the ship moving at what Maryland's governor said was about 9 mph (15 kph) toward the 1.6-mile (2.6-kilometer) bridge.

Persons: Francis Scott Key, Roland L, Butler Jr, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Butler, Wes Moore, Shannon Gilreath, Jennifer Homendy, Homendy, Moore, Watson, Pete Buttigieg, Biden, Buttigieg, Gilreath Organizations: Fire, Bloomberg, Getty, U.S . Coast Guard, Maryland State Police, Maryland Gov, . Coast Guard, National Transportation Safety Board, Coast Guard, Homeland Security, Associated Press, Synergy Marine Group, Grace Ocean Private Ltd, White House, Transportation, World Association, Transport Infrastructure Locations: Baltimore, Dali, Patapsco, Baltimore , Maryland, U.S, Maryland, Mexico, Guatemala, Dundalk , Maryland, Honduras, El Salvador, Sri Lanka, Singapore, Port, Germany, Japan, United Kingdom, Windward, Annapolis

☆ American Families Look Different Now. Good.
▼ + stars: | 2024-03-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

In 1970, more than two-thirds of American adults between 25 and 49 lived with a spouse and at least one kid. For a society structured around the ideal of the nuclear family, its demise has left everyone wondering: What happens now? Without one partner focused on full-time housekeeping, the amount of work required to run a nuclear family isn't really feasible. It doesn't take much of a mental leap to see why capitalism and the nuclear family make for such cozy bedfellows. Coontz, a leading historian of the American family, notes that every family structure comes with its own set of distinct weaknesses, strengths, and possibilities.

Persons: Elon Musk, Vivek Ramaswamy, O'Brien, David Brooks, Moira Weigel, Brooks, Charles E, " O'Brien, Stephanie Coontz, Kristen Ghodsee, Ghodsee, coparenting, Mark Boster, Coontz, — Organizations: Pew Research, Elon, Labor, Getty, University of Pennsylvania, Brookings Institution, Pew, Los Angeles Times, Guardian Locations: The, California, Somerville , Massachusetts

☆ I was just accepted into Princeton University after the repeal of affirmative action. As a person of color, I'm feeling conflicted.
▼ + stars: | 2024-03-28 | by ( Aina Marzia | ) www.businessinsider.com time to read: +4 min

I'm a person of color who was just accepted into Princeton after the repeal of affirmative action. As a recently accepted student to Princeton University, it might've been the best I ever played. As a person of color, I was the guinea pig round of the increasingly unpredictable admissions process. AdvertisementI tried to show the admissions officers I'm a person — not a scoreI went test-optional. I figured it would be harder to reject a person than a number, so I gave them a person.

Persons: I'm, —, might've, I'd, couldn't, Finegan Kruckemeyer Organizations: Princeton, Service, Princeton University, Ivy League Locations: Princeton

☆ Sexual violence ‘largely unpunished’ in Haiti, UN says
▼ + stars: | 2024-03-28 | by ( Mitchell Mccluskey | ) edition.cnn.com time to read: +4 min

CNN —The UN human rights office described sexual violence in Haiti as “severely underreported and largely unpunished” in a harrowing report released Thursday that documented cases of rape and forced sexual relations with gang members, as well surging levels of gang violence in the country. The violence has caused the internal displacement of approximately 313,900 people as of December 2023, according to the OHCHR. “All these practices are outrageous and must stop at once,” said the UN High Commissioner for Human Rights Volker Türk. “Widespread corruption and dysfunction of the justice system greatly contribute to the pervasive impunity for grave human rights violations, and they need to be addressed urgently,” said Türk. Police patrol a street after authorities extended the state of emergency amid gang violence that has forced thousands to flee their homes in Port-au-Prince, Haiti, March 8, 2024.

Persons: ”, Volker Türk, Ariel Henry, Henry’s, ” Türk, Ralph Tedy Ero Organizations: CNN, UN, United Nations, Human Rights, “, Human, Haitian National Police, Police Locations: Haiti, –, Port, “, Prince

☆ As cocoa prices soar this Easter, chocolatiers consider alternatives
▼ + stars: | 2024-03-28 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

CNN —Cocoa prices are surging so high, the Easter Bunny might want to hoard its chocolate. Poor climate and crop diseases in West Africa – home to 70% of global cocoa production – have tightened supply and caused prices to skyrocket. As prices rise, some chocolatiers are exploring cost-cutting alternatives, like diversifying their products to depend less on cocoa. Yet mining often destroys farms and the possibility of a livelihood in cocoa production, Issaka said. “Given the persistently high cocoa prices, it may be necessary for us to make responsible adjustments to pricing in the future,” the spokesperson wrote in an email.

Persons: Hershey’s, Shaquille O’Neal, Michele Buck, Billy Roberts, Roberts, ” Roberts, Issaka, Will Kletter, Kletter, “, Peng Xu, Christopher Taylor, Li, Taylor, ”, “ We’re, “ It’s, ” Taylor Organizations: CNN, Cadbury, NCA, “ Brands, Industries, International Cocoa Organization, Rabobank, US, ”, Euromonitor Locations: West Africa, North Region, Ghana, Ivory Coast, Silicon, Washington ,, Manhattan

☆ Industries from cars to coal to ice cream could be impacted by Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Kelsey Vlamis | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

The Francis Scott Key Bridge collapse has blocked shipments in and out of the Port of Baltimore. The port is a key shipping point for cars, construction and farm equipment, and coal. The Port of Baltimore is the top US port for roll-on/roll-off cargo, like cars and construction machinery. halbergman/Getty ImagesCoal, gypsum, and sugarIn 2022, coal was among the top export commodities by weight moved through the Port of Baltimore. A research briefing from Oxford Economics said the bridge collapse will likely have a greater impact on the local Baltimore economy than on a national level.

Persons: Francis Scott Key, —, Dali, Daraius Irani, Anirban Basu, Ford, Basu, Domino, Sugar, Irani Organizations: Service, Industry, Regional Economic Studies, Towson University, Sage Policy, General Motors, Caterpillar, Port, Baltimore Refinery, Oxford Economics Locations: Port of Baltimore, Port, Baltimore, Patapsco, India, West Virginia

☆ A historic and clubby group in London could face billions in claims from the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Claims from the container ship Dali's crash into Baltimore's Key Bridge could cost insurers a lot. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With the crash of the container ship Dali into the Francis Scott Key Bridge in Baltimore on Tuesday, insurance underwriters are updating those books as a picture of the true cost of damages emerges. Economists told Business Insider the port closure itself will cost $15 million a day in lost economic activity, with other disruptions pushing the total into the tens of millions a day. AdvertisementStill, the collapse of the Key Bridge could lead to "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, the president of the American Institute of Marine Underwriters, told Insurance Business.

Persons: —, Dali, Francis Scott Key, Marcos Álvarez, Edward, doesn't, Lloyd's, John Miklus Organizations: Service, Barclays, Bloomberg, Port, Reuters, Lloyd's, American Institute of Marine Underwriters, Insurance Business Locations: London, Baltimore, Port of Baltimore, Britannia

☆ A complex and clubby group in London could face billions in claims from the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. With the crash of the container ship Dali into the Francis Scott Key Bridge in Baltimore on Tuesday, insurance underwriters are duly updating those books as a picture emerges of the true cost of damages. Economists told Business Insider the port closure itself will cost $15 million per day in lost economic activity, with other disruptions pushing the total into the tens of millions per day. All told, Barclays said insurance companies could be looking at claims as high as $3 billion as a result of the crash, Bloomberg reported. AdvertisementStill, the collapse of the Key Bridge could lead to "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, president of the American Institute of Marine Underwriters, told Insurance Business.

Persons: —, Dali, Francis Scott Key, Morningstar, Marcos Alvarez, Edward Lloyd, doesn't, Lloyd's, John Miklus Organizations: Service, Business, Barclays, Bloomberg, Port, Reuters, Lloyd's, American Institute of Marine Underwriters, Insurance Business Locations: London, Baltimore, Port of Baltimore, Britannia

☆ The world wastes more than 1 billion meals every day as hundreds of millions go hungry, UN report finds
▼ + stars: | 2024-03-27 | by ( Christian Edwards | ) edition.cnn.com time to read: +3 min

CNN —More than 1 billion meals are wasted across the world each day while nearly 800 million people go hungry, a new United Nations report has found. This is on top of the 13% of the world’s food lost as it makes its journey from farm to fork. The vast majority of food waste goes to landfill, generating methane as it breaks down. The report also said food waste is not just a “rich world” phenomenon. The amount of food wasted in high- and middle-income countries differed by just 7 kilograms (15 pounds) per person each year.

Persons: Inger Andersen, ” Andersen, “, unrefrigerated, Richard Baker Organizations: CNN, United Nations, UN, Programme Locations: London

☆ They Grow Your Berries and Peaches, but Often Lack One Item: Insurance
▼ + stars: | 2024-03-27 | by ( Patrick Cooley | ) www.nytimes.com time to read: +1 min

Farmers who grow fresh fruits and vegetables are often finding crop insurance prohibitively expensive — or even unavailable — as climate change escalates the likelihood of drought and floods capable of decimating harvests. Their predicament has left some small farmers questioning their future on the land. Efforts to increase the availability and affordability of crop insurance are being considered in Congress as part of the next farm bill, but divisions between the interests of big and small farmers loom over the debate. The threat to farms from climate change is not hypothetical. A 2021 study from researchers at Stanford University found that rising temperatures were responsible for 19 percent of the $27 billion in crop insurance payouts from 1991 to 2017 and concluded that additional warming substantially increases the likelihood of future crop losses.

Organizations: Farmers, Stanford University, National Sustainable Agriculture Coalition

☆ Barclays lands New York Liberty jersey patch deal as WNBA popularity grows
▼ + stars: | 2024-03-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Sabrina Ionescu of the New York Liberty participates in a 3-point challenge during the State Farm All-Star Saturday Night at Lucas Oil Stadium on February 17, 2024 in Indianapolis, Indiana. Barclays is the latest big corporation to align itself with the WNBA, signing a multi-year deal with the New York Liberty that will see the bank's logo appear on the team's jersey. Last season, the Liberty set a new WNBA attendance record with 17,143 fans attending game 3 of the WNBA Finals. New York Liberty CEO Keia Clarke, who earlier this year was named to the CNBC Changemakers list, said the team has seen an influx of interest from corporate partners. Furthermore, 12 of the team's new partners last season had never partnered with a WNBA team.

Persons: Sabrina Ionescu, Joe Tsai, Clara, Breanna Stewart, Keia Clarke, We've, Clarke Organizations: New York Liberty, Lucas Oil, Barclays, WNBA, Barclays Center, NBA's Brooklyn Nets, Alibaba, Liberty, Garden, CNBC Locations: Indianapolis , Indiana, Brooklyn, Madison

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

The farmers were protesting anything from what they see as excessive red tape to increased environmental measures, cheap imports and unfair trading practices. “Let us make a living from our profession,” read one billboard on a huge tractor blocking a main thoroughfare. Environmentalists and climate activists say the change in EU policies under the duress of protesting farmers is regrettable. Photos You Should See View All 60 ImagesPolitically, the bloc has moved to the right over the past year. The plight of farmers has become a rallying cry for populists and conservatives who claim EU climate and farm policies are little more than bureaucratic bungling from elitist politicians who have lost any feeling for soil and land.

Persons: ” Organizations: European Union, Belgian, EU, European Commission Locations: BRUSSELS, Brussels, Finland, Greece, Poland, Ireland

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