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After a two-week standoff between protesters and construction crews building a border wall made of shipping containers, the Department of Justice filed a lawsuit Wednesday against Arizona, accusing it of trespassing on federal land. "Arizona has unlawfully and without authority failed to remove the shipping containers from lands owned by the United States or over which the United States holds easements, thereby damaging the United States," the complaint reads. In August, Ducey issued an executive order directing the Arizona Department of Emergency and Military Affairs to fill gaps in the existing border wall in Yuma County using shipping containers. Important waterways are being damaged or altered by the placement of shipping containers on land that serves as important habitats and crossings, including for endangered species, he said. "Under the Clean Water Act, they have created a dam with those shipping containers and it just looks like a junkyard now."

☆ Canceled lectures, no grades: University of California students face chaotic finals as academic workers strike
▼ + stars: | 2022-12-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Alicia Victoria Lozano | ) www.nbcnews.com time to read: +7 min

LOS ANGELES — Hundreds of thousands of undergraduate students at the University of California face a chaotic finish to their fall term as a strike by academic workers grinds through its fourth week. It’s definitely a weird situation.”University of California academic workers walk the picket line at the University of California, Los Angeles, on Nov. 28. Some campuses, including UCLA, have pushed back deadlines for submitting grades because faculty members rely so heavily on teaching assistants to assess student performance. Alicia Victoria Lozano / NBC NewsHernandez, a freshman, said teaching assistants help him with assignments and show him how to better tackle complicated subjects. Teaching assistants are integral to UCLA's "cluster" program that gives first-year students an opportunity to immerse themselves in smaller learning groups led by faculty and teaching assistants, he said.

☆ Premarket stocks: Jay Powell's dream of the 90s is dead
▼ + stars: | 2022-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The robust jobs market is good news for American workers, but concerning for the Federal Reserve and equity bulls alike. “To be clear, strong wage growth is a good thing,” Fed Chairman Jerome Powell said at the Brookings Institution on Wednesday. “But for wage growth to be sustainable, it needs to be consistent with 2% inflation.” The year-over-year wage growth rate increased to 5.1% in November, more than double that goal. Getting back to a sustainable level of wage growth and tamping inflation will require reducing demand for labor. The dream is over: For the past year, Powell has advanced the optimistic idea that wage growth could be lowered without slowing the economy into recession.

SummarySummary Companies Coal miners struggling to fund expansion plansThermal coal costs more than coking coal after price surgeMost Western bankers pulling back from coal industryLONDON, Nov 24 (Reuters) - It's the best of times, it's the worst of times. At least when it comes to mining coal. With funding hard to come by from Western banks, coal miners outside China have turned more to equity markets this year. "With regard to thermal coal mining, any transaction in coal mining requires an enhanced environmental risk review," a Deutsche spokesperson said, adding that the bank was updating its coal policy. Bens Creek listed shares partly because of the lack of appetite from banks to support any expansion of coal mining, chief executive Wilson said.

☆ Peabody, Coronado Global Resources End Talks Over $6 Billion Deal
▼ + stars: | 2022-11-07 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

Peabody Energy last week reported a net income of $375.1 million for the three months through September, compared with a $44.2 million loss a year earlier. SYDNEY— Peabody Energy Corp. and Coronado Global Resources Inc. have ended talks over combining to create a new global coal giant valued at about $6 billion. Peabody, the largest U.S. coal producer, and Coronado on Monday said they had agreed to end discussions over a combination that would have brought together assets from North America to Australia. Neither company gave a reason for the failure of the talks or disclosed the financial terms that had been proposed.

☆ Where the economy is showing signs of a slowdown near recession levels
▼ + stars: | 2022-11-06 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The Net Rising Index (NRI) for sales — the percentage of survey respondents reporting rising sales minus the percentage reporting falling sales — peaked at 74% of firms in April 2021. Zoom In Icon Arrows pointing outwardsThe NABE data has both good and bad news for the Fed and companies. "They are still raising wages and still trying to pass along the higher costs," Coronado said. Sixty-nine percent of respondents to the NABE survey indicated all or some costs are being passed on. … You don't just keep raising rates until the economy cracks," Coronado said of the NABE data.

☆ The Fed's already demonstrated willingness to take extreme action, says Macropolicy Perspectives' Coronado
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's already demonstrated willingness to take extreme action, says Macropolicy Perspectives' CoronadoMacropolicy Perspectives' Julia Coronado joins 'Closing Bell' to discuss upcoming Fed action predictions, which data will inform the Fed's December decision and the mounting concerns against Fed policy.

☆ Smart bombs were a game-changer for militaries. Smart bullets may be next.
▼ + stars: | 2022-10-30 | by ( Travis Pike | Sandboxx News | ) www.businessinsider.com time to read: +7 min

Smart bullets aren't new, but they're still early in development, and they have some drawbacks. If DARPA, aka the Defense Advanced Research Projects Agency, has its way, smart bullets will become a very real thing. Beyond offensive combative measures, guided smart bullets can be used to defeat future threats from swarming UAVs to incoming missiles. Smart bullets currently availableAs of this writing, smart bullets aren't being deployed. Regardless, smart bullets could provide a new surgical option for snipers, infantrymen, and naval personnel.

☆ Whitehaven Coal output slumps 23% as floods sweep New South Wales
▼ + stars: | 2022-10-18 | by ( Upasana Singh | ) www.reuters.com time to read: +2 min

Severe wet weather including floods in Australia's most populous state, New South Wales, disrupted mining operations as the country suffered for a third straight year from the La Nina induced adverse weather. Register now for FREE unlimited access to Reuters.com RegisterManaged run-of-mine coal production was 4 Mt for the quarter ended Sept. 30, compared with 5.2 Mt a year ago and brokerage Barrenjoey's estimate of 5 Mt. Whitehaven said its annual output at Maules Creek was on track to be at the lower end of its 11.7 million tonnes to 12.6 million tonnes (Mt) forecast. Its shares fell as much as 7.1% to A$9.67, underperforming the broader market (.AXJO), which rose 0.4%. "Looking locally, a number of weather events impacted coal producers during the September quarter, which together with the forecasted La Niña weather patterns, has further bolstered support for strong coal prices out of East Coast Australia," Whitehaven said.

☆ We need to see consumer price sensitivity again, says MacroPolicy Perspectives founder
▼ + stars: | 2022-10-13 | by ( Steve Liesman | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to see consumer price sensitivity again, says MacroPolicy Perspectives founderJulia Coronado, president and founder of MacroPolicy Perspectives, and CNBC's Steve Liesman join 'Squawk Box' to discuss the forthcoming consumer price index report and what it could mean for the Federal Reserve's efforts to combat inflation.

☆ Coal Miner Peabody Energy in Deal Talks With Australian Rival Coronado
▼ + stars: | 2022-10-12 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

Peabody’s pretax earnings in the second quarter were its highest in more than a decade. ADELAIDE, Australia— Peabody Energy is in talks to combine with an Australian rival that could result in a new global giant worth some $6 billion, illustrating how the coal-price surge that followed Russia’s invasion of Ukraine is transforming the sector’s fortunes. Peabody, the largest American coal producer, is discussing a deal with Coronado Global Resources which has operations in the U.S. and Australia. In a regulatory filing with the Australian Securities Exchange on Wednesday, Coronado said negotiations were occurring.

☆ Premarket stocks: White-collar workers are feeling the brunt of the Fed's rate hikes
▼ + stars: | 2022-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Stocks fell sharply as investors evaluated the report, which showed more jobs than expected were added to the US economy and indicated that more pain-inflicting interest rate hikes from the Federal Reserve lie ahead. White-collar office workers appear to be feeling the brunt of the Fed’s actions: The financial and business sector saw a large decline in employment last month. What’s happening: The US economy added 263,000 jobs in September, higher than analyst estimates of 250,000. Business support services — such as telemarketing, accounting and administrative and clerical jobs — are also bleeding jobs. Meanwhile, legal services lost 5,000 jobs, and advertising services also dropped 5,000 jobs.

☆ If the U.S. goes into recession, the entire global economy goes into recession, says Julia Coronado
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the U.S. goes into recession, the entire global economy goes into recession, says Julia CoronadoJulia Coronado, founder of MacroPolicy perspectives, and Greg IP, Wall Street Journal chief economics commentator, join 'Squawk Box' to discuss whether developed nations' economies are affecting the global economy and more.

☆ Boon or threat? Mexico City wrestles with influx of remote U.S. workers
▼ + stars: | 2022-09-14 | by ( ) www.nbcnews.com time to read: +4 min

MEXICO CITY — In a trendy part of Mexico City, in a park surrounded by hipster coffeeshops and restaurants, stands a figure dressed in white with hands in prayer like a Catholic statuette: the so-called patron saint against gentrification. Nearly two million foreigners touched down at the Mexico City International Airport in the first half of 2022, inching toward the record 2.5 million arrivals in the first half of 2019. The gap between American and Mexican salaries means even affluent Mexico City residents can get priced out, in a city that is already home to wide wealth disparities. According to Mexico’s statistics agency, the top 10% of Mexico City households earned more than 13 times as much as the bottom 10% of households in 2020. Coronado, an architect and interior designer who lives between Los Angeles and Mexico City, said he understands locals are resentful.

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