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☆ The Crown, the Cabinet and the UK’s legacy of slavery
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +11 min

British banks backed large parts of the U.S. slavery economy, and British factories were the world’s largest customers for the cotton produced by plantations in southern U.S. states. In 1663, it was granted a monopoly by King Charles II for the British slavery trade. In 1794, Eli Whitney patented the cotton gin, a machine that would transform the U.S. slavery economy. Mill owners including the Arkwrights, one of the richest families in the industry, were Smith family clients. Two British travel writers visited Farm Pen in 1837, when the land was still in Smith family hands.

Persons: ”, Nick Draper, George Smith, King Charles, Hunt, Trevor Burnard, “, ” Burnard, Smith, Edward, René Payne, Payne, John Tunno, John de Ponthieu, … ” Edward Payne, slaveholder John de Ponthieu, de Ponthieu, buryed, King Charles II, John Montagu, Edward Montagu, Montagu, ” John Montagu 11th Earl of Sandwich, Edward Montagu , 1st Earl of Sandwich, Nicholas Radburn, ” Radburn, Brookes, –, Eli Whitney, Rothschild, Geoffrey Clifton, Brown, William, James Brown, James, Clifton, Harriman, Draper, Morgan Chase, Joseph Sturge, Thomas Harvey Organizations: America, University College London, “, Wilberforce Institute, University of Hull, ”, Reuters, Company of Royal Adventurers of, Royal African Company, The Company, Royal Adventurers of, Lancaster University, Traders, Transatlantic, Brown Brothers, Brown, Harriman & Co, Planters Bank of Tennessee, Planters Bank of Mississippi, Rio, Spanish Town Locations: Britain, U.S, British, Caribbean, British Caribbean, America, English, Nottingham, London, West India, Bristol, Liverpool, United States, South Carolina, Charleston, Barbados, Africa, North, Clifton, New York, Louisiana and Mississippi, Louisiana, Jamaica, Kingston, Spanish

☆ As Groundwater Dwindles, Powerful Players Block Change
▼ + stars: | 2023-11-24 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +19 min

They serve on the board of Groundwater Management District 3, which since 1996 has overseen the pumping of 16.2 trillion gallons of groundwater — enough to fill Lake Mead, the country’s largest reservoir, twice over. From Maryland to Hawaii groundwater levels are falling, often the result of overpumping and underregulation, made worse by climate change. Groundwater Levels at Goldstrike Mine Observation wells at Goldstrike show a pattern of immense groundwater withdrawals. “And money talks.”Kansas City Groundwater Management District 3 KANSAS Wichita KANSAS Groundwater Management District 3 Kansas City Groundwater Management District 3 KANSAS WichitaGrowing corn in the Kansas drylandsIn Kansas, the power of the men who run Groundwater Management District 3 is enormous. Groups like Groundwater Management District 3 have until 2026 to come up with plans to sustain groundwater.

Persons: Lake Mead, —, Catherine Hospital —, we’re, ”, Lindsay Vaughn, David Robert Elliott, Joe Newland, Nevada Adam Sullivan, Christina Erling, Erling, Adam Sullivan, Emily Najera, Kim Raff, Julie Pazina, ” Barrick, Michael McCarthy, Barrick, ” Mr, McCarthy, Michael H, Taylor, Patrick Donnelly, don’t, Helena Billings, it’s, Galt, Wylie Galt, Bill Galt, Dutton, Wylie, Errol Galt, Galt’s, Matthew Hamon, The New York Times Eugene Graf, Montana homebuilders, The New York Times Montana, Brad Dundas, Dundas, Mr, John Tubbs, Tubbs, The New York Times Errol Galt, Eugene Graf, Graf, Guy Alsentzer, “, Lucas Bessire, Vaughn, Newland, Mark Rude, Kan, The New York Times Mark Rude, Ms, Lall, Ali Zaidi, Biden, Jared Huffman, Huffman Organizations: Groundwater Management, Walmart, State, The New York Times, Kansas Farm Bureau, New York Times, NEVADA Carson City Las, Barrick, Carson City Las, NEVADA Carson City, North, Barrick Gold Corporation, Nevada Gold Mines, Nevada, of Water, University of Nevada, Center for Biological Diversity, Republican, Representatives, The Times, Galt, state’s Department of Natural Resources, The New York, Montana Fish, Montana Building Industry Association, KANSAS, KANSAS Wichita KANSAS Groundwater Management, KANSAS Wichita, Kansas drylands, Management, Kansas City Topeka, Kansas City, Topeka Wichita, Survey, University of Oklahoma, Groundwater, Kansas, Columbia Water Center, Columbia University, Natural Resources Defense Council, Marin Municipal Water District, Fisheries Locations: United States, Garden City, Kan, America, Lake, Kansas, Maryland, Hawaii, Barrick, NEVADA Carson, Carson, Nevada, Canada, Goldstrike, North America, Barrick’s, ” MONTANA, Helena, Bozeman MONTANA, Helena Billings Bozeman, Montana, Galt, ”, Broadwater County, Elk, Confederate, Sulphur Springs, Mont, Upper Missouri, Townsend, ” Kansas, Groundwater Management District, KANSAS Wichita KANSAS, KANSAS Wichita KANSAS Groundwater Management District, KANSAS, Kansas drylands In Kansas, District, Wichita, Kansas City Topeka, Management District, Topeka, Kansas City, Arkansas, Washington, California, Marin

☆ COP28: Sultan Al Jaber, UAE’s oil chief, is proving popular in the developing world, despite criticisms from the West
▼ + stars: | 2023-11-24 | by ( Elizabeth Wells | ) edition.cnn.com time to read: +8 min

But long-promised finance from rich countries to help it make a green transition simply hasn’t arrived, President Wavel Ramkalawan told CNN in May. But Al Jaber’s decision to focus on increasing finance to help developing countries shift to renewable energy is helping his popularity in the Global South. A 2022 UN-backed report calculated developing countries will need about $2 trillion a year by 2030. “We have seen the West only being extractive and very opportunistic, and actually kept developing countries dependent on fossil fuels,” he said. “It needs to buy more time to diversify its economy further and wants to capitalize on its energy resources for as long as possible,” Vakil told CNN.

Persons: hasn’t, Wavel Ramkalawan, “ We’re, ” Ramkalawan, “, Al Jaber, Al Jaber’s, COP28, ” Al Jaber, Sultan Al Jaber, Abu, Christopher Pike, ADNOC, William Ruto, Masdar, Al Jaber —, ” Ruto, Simone Boccaccio, it’s, Harjeet Singh, Sanim Vakil, ” Vakil, ” Organizations: CNN, UN, Dubai, Abu, Abu Dhabi National Oil Company, US, COP28, Abu Dhabi International Petroleum Exhibition, Bloomberg, Kenyan, UAE, Climate, North Africa, Chatham House Locations: Seychelles, Canadian, Africa, Abu Dhabi, Dubai, UAE, Kenya, Egypt, Turkana, UN

☆ Exclusive: Argentina grains trade 'paralyzed' as farmers eye FX adjustment, bean shortage
▼ + stars: | 2023-11-23 | by ( Maximilian Heath | ) www.reuters.com time to read: +3 min

That hurts exporters who often have to bring most of their overseas sales back into the country at the official rate, getting fewer pesos for each dollar. While the government has rolled out exchange rate sweeteners for farmers, giving them a better rate, many producers are waiting to see what Milei does when he takes office. Idigoras said the lack of beans for the huge crushing plants that turn soybeans into oil and meal along the Parana River meant the facilities were operating at greatly reduced capacity. "Today we are at 73% average idle capacity in the crushing plants and 75% idle capacity in the grain ports," he said. He added that the crushing plants were bringing forward stoppages for technical maintenance due to the "impossibility" of being able to keep operating.

Persons: Marcos Brindicci, Javier Milei, CIARA, Gustavo Idigoras, Idigoras, Maximilian Heath, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, Reuters, Cargill, Bunge, Thomson Locations: Rafaela, Argentina, BUENOS AIRES, Parana

☆ Wall St climbs before holiday; investors optimistic Fed done hiking rates
▼ + stars: | 2023-11-23 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates. Big tech-related shares were among those giving the S&P 500 its biggest boost. Communication services (.SPLRCL) rose 0.9%, leading S&P 500 gains in all sectors except for energy (.SPNY), which fell 0.1%. Among the day's negatives, Nvidia's (NVDA.O) shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 89 new highs and 104 new lows.

Persons: Quincy Krosby, Brendan McDermid, decliners, Caroline Valetkevitch, Amruta Khandekar, Maju Samuel, Pooja Desai, Richard Chang Organizations: Deere, Dow, Nasdaq, Federal, Financial, New York Stock Exchange, REUTERS, Dow Jones, Communication, Wall, U.S, Deere & Co, NYSE, Thomson Locations: China, Charlotte , North Carolina, New York City, U.S

☆ Australia has too many sheep – and farmers are giving them away for free
▼ + stars: | 2023-11-23 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Australia's mutton glut sent prices tumbling, and some farmers are culling or giving away their sheep to save costs instead of rearing them on-farm. Mutton prices have slumped 70% over the past year to $1.23 per kg, data provided by Meat and Livestock Australia (MLA) showed. Driving the large sheep flock were three years of above-average rainfall in Australia's sheep regions, such as New South Wales and Victoria. "Farmers have [since] seen a massive fall in profitability … Many sheep may not have a market which could lead to farmers destroying animals," Steve McGuire, vice president of agricultural advocacy group WAFarmers, told CNBC. He added that farmers would much rather give the animals away than cull them, but there hasn't been many takers for the free sheep.

Persons: Tim Jackson, Andrew Spencer, Steve McGuire, hasn't Organizations: Meat, Livestock Australia, Sheep Producers Australia, CNBC, Farmers Locations: Australia, New South Wales, Victoria

Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.

Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London

☆ Your Thanksgiving dinner still costs way more than it did before the pandemic
▼ + stars: | 2023-11-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The price of a 10-person Thanksgiving dinner at home is $61.17 this year. AdvertisementInflation-weary Americans are finally getting some relief with the price of Thanksgiving dinner down 4.5% from last year, according to the American Farm Bureau Federation, or AFBF. The average cost of a Thanksgiving meal at home for 10 persons is $61.17 this year as compared to $64.05 last year. A 16-pound frozen whole turkey, which costs $27.35 on average, accounted for 45% of the price of Thanksgiving dinner this year. The fall in the price of a Thanksgiving dinner comes after a cooling in US inflation amid relentless interest-rate hikes by the Federal Reserve.

Persons: —, that's, Jim Reid, Reid Organizations: Service, American Farm Bureau Federation, Federal Reserve, Deutsche Bank, Business Locations: Puerto Rico

☆ Every country needs an Inflation Reduction Act
▼ + stars: | 2023-11-23 | by ( Antony Currie | ) www.reuters.com time to read: +9 min

REUTERS/David Gray/File Photo Acquire Licensing RightsMELBOURNE, Nov 23 (Reuters Breakingviews) - Lawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. The Biden administration’s willingness to negotiate on its package of $370 billion of tax breaks and other measures has helped. Reuters GraphicsTrouble is, governments also need to show that they will be fiscally responsible stewards of the energy transition in the short term – especially with inflation still a threat and budgets under pressure. In a speech on Nov. 2 about enabling Australia’s energy transition, Treasurer Jim Chalmers said that “incentives like the type we’ve seen in the Inflation Reduction Act in the United States can be part of an answer but they’re not the whole answer”.

Persons: David Brockwell, David Gray, Australia’s Fortescue, FMG.AX, Joe Biden, Biden, –, Goldman Sachs reckons, ’, Uncle Sam, Fumio, Jim Chalmers, they’re, Chalmers, Una Galani, Thomas Shum Organizations: REUTERS, Rights MELBOURNE, Reuters, Australia, Washington, European, of America, Labor Energy Partnership, U.S, Canberra, Climate Energy Finance, Climate Capital Forum, Deloitte, National Australia Bank, quicken, Thomson Locations: Lake George, Canberra, South Korea, United States, Seoul, European Union, U.S, Japan, Washington, EU, Australia

☆ Wall St gains before holiday, investors optimistic Fed done raising rates
▼ + stars: | 2023-11-22 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Among the day's economic data, the number of Americans filing new claims for unemployment benefits fell more than expected last week. Still, stocks have risen sharply in recent weeks on the view that Fed is done hiking rates. She said stocks tend to rise just before the Thanksgiving holiday and also to rally heading into year-end. The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 80 new highs and 89 new lows.

Persons: Brendan McDermid, Quincy Krosby, Caterpillar, decliners, Amruta Khandekar, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Deere, Dow, Nasdaq, Financial, U.S, Dow Jones, Wall, Deere & Co, NYSE, Thomson Locations: New York City, U.S, China, Charlotte , North Carolina

☆ The Bill for Offshore Wind Power Is Rising
▼ + stars: | 2023-11-22 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The green-energy transition ready for take off in the U.S. is facing a serious obstacle: the permitting process. WSJ takes you inside the country’s soon-to-be largest wind farm to understand the regulatory gauntlet delaying clean energy for millions. Photo illustration: Getty Images/Amber BragdonWith offshore wind projects bleeding cash, governments will have to pay more to hit their clean-energy targets. Higher prices for steel, labor and debt financing have raised the cost of developing a wind farm by almost 40% since 2019. It is a big problem for developers like Danish energy company Ørsted, which signed power supply agreements a few years ago at prices that no longer cover today’s costs.

Persons: Amber Bragdon, Ørsted Locations: U.S, Danish

In Canada, the wild pigs roaming Alberta, Saskatchewan and Manitoba pose a new threat. Wild pigs already cause around $2.5 billion in damage to U.S. crops every year, mostly in southern states like Texas. Eradication of wild pigs is no longer possible in Manitoba and Saskatchewan, Brook said. “The question is: What will be done about it?”Brook said Montana has been the most serious about keeping wild pigs out. It banned raising and transporting wild pigs within the state.

Persons: Ryan Brook, they've, Brook, They've, “, ” Brook, Gary Nohrenberg, Mike Marlow, ” Marlow Organizations: University of Saskatchewan, Canada -, state’s Department of Natural Resources, U.S . Department of Agriculture, USDA Wildlife Services, Wildlife Services, USDA, Feral Swine Locations: MINNEAPOLIS, Canada, Minnesota, North Dakota, Montana, Alberta, Saskatchewan, Manitoba, North America, Texas, Canada - North Dakota, Vermont , New York , Pennsylvania, New Hampshire , Wisconsin, Washington

☆ White House needs to talk turkey about inflation
▼ + stars: | 2023-11-22 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 22 (Reuters Breakingviews) - Hey, White House. The release noted that lower inflation was among the things that Americans should be thankful for. Gasoline prices, for example, are down a quarter from their high in June 2022, according to the U.S. Energy Information Administration. The price of the average Thanksgiving meal has dropped from last year, too. Meantime food prices in the average U.S. city are up a fifth since December 2020, according to the St. Louis Federal Reserve.

Persons: they’ll, paychecks, Joe Biden, Biden, ”, he’s, Jonathan Guilford, Aditya Sriwatsav Organizations: Reuters, U.S . Energy Information Administration, Louis Federal Reserve, American Farm Bureau Federation, Associated Press, NORC, for Public Affairs Research, White, Thomson Locations: U.S

☆ South Korean President to Meet UK PM Sunak for State Visit Talks
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - South Korean President Yoon Suk Yeol will meet British Prime Minister Rishi Sunak for talks on Wednesday and sign an agreement stepping up cooperation in defence, security and technology. Yoon, on a state visit to London, and Sunak will sign a Downing Street Accord which will also involve them working together on enforcing U.N. sanctions on reclusive North Korea. A conservative, Yoon has cited a "polycrisis" of global challenges as a reason for seeking closer ties with like-minded partners. South Korea on Wednesday suspended part of a 2018 military agreement with North Korea after it defied warnings from the United States and launched a spy satellite. The suspension of a clause in the agreement will see South Korea step up military surveillance along the heavily fortified border with the North.

Persons: Yoon Suk, Rishi Sunak, Yoon, King Charles, Buckingham, Charles, BLACKPINK, Alistair Smout, Joyce Lee, Nick Macfie Organizations: British, Downing, Accord, Ministers, Corio Generation, BP, Guard Locations: London, North Korea, South Korea, Buckingham, Korea, United States, Seoul

☆ Tyrese Haliburton outduels Trae Young, Pacers top Hawks in tourney
▼ + stars: | 2023-11-22 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/57] Nov 21, 2023; Atlanta, Georgia, USA; A general view of the court and arena before the game between the Atlanta Hawks against the Indiana Pacers at State Farm Arena. However, the game was not secured until Buddy Hield made a 3-pointer with 53 seconds left to put the Pacers ahead 155-152. Atlanta got 38 points and eight assists from Young, 28 points from Murray and 26 points from Bogdan Bogdanovic. Haliburton got cranked up in the third quarter and pushed the Pacers to a 119-114 lead. But Atlanta charged back to go ahead 150-149 on a basket by Young with 1:32 left.

Persons: Dale Zanine, Tyrese Haliburton, Buddy Hield, Trae Young, Dejounte Murray, Indiana, Obi Toppin, Young, Murray, Bogdan Bogdanovic, Haliburton, Toppin Organizations: Atlanta Hawks, Indiana Pacers, State Farm, Tyrese, Atlanta, East, NBA, Indiana, Haliburton, Orlando Magic, Pacers, Hawks, Bogdanovic, . Indiana, Young, Thomson Locations: Atlanta , Georgia, USA, . Indiana, Atlanta, Hield

☆ Biden wants credit for lower Thanksgiving food and travel prices, as inflation drags on his reelection campaign
▼ + stars: | 2023-11-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"Ahead of the holiday season, costs are down for everything from airline tickets and car rentals to toys and TVs," the White House wrote Tuesday on X. This year's Thanksgiving dinner "is the fourth-cheapest ever, as a percentage of average earnings" White House press secretary Karine Jean-Pierre said Monday. Nonetheless, the White House is taking a victory lap for the lower year-over-year prices, eager to credit Biden's economic agenda, dubbed Bidenomics, for the good news as the president runs for reelection. That's due in large part to a 5.6% year-over-year decrease in the average price of a frozen whole 16-pound turkey. This could be the lowest price for a Thanksgiving week since 2020, when the Covid pandemic cut demand for travel.

Persons: Joe Biden, Biden, Harris, Karine Jean, Pierre, Jean, — Organizations: Bell, White House, White, Biden, Harris Administration, The New York Times, American Farm Bureau Federation, Farm Bureau, AAA, Department, Labor's Locations: Washington ,, Ukraine, Airfares

☆ Germany reports bird flu outbreak in northern part of the country
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

Chickens stand in a barn on a farm with free-range eggs in the Hannover region. Germany has reported an outbreak of the highly pathogenic H5N1 bird flu virus on a poultry farm in the northern part of the country, the World Organisation for Animal Health (WOAH) said on Wednesday, adding to a wave of cases in Europe. The outbreak killed five poultry among a flock of 24,000 on a farm in the state of Mecklenburg-Vorpommern east of Hamburg, the Paris-based WOAH said in a report, citing German authorities. Bird flu, which has led to the culling of hundreds of millions birds in the past years, usually strikes in Europe during autumn and winter. It has recently been detected on farms in several countries including the Netherlands, Italy, Croatia and Hungary.

Persons: WOAH Organizations: Organisation for Animal Health Locations: Hannover, Germany, Europe, Mecklenburg, Vorpommern, Hamburg, Paris, Netherlands, Italy, Croatia, Hungary

☆ The major companies still advertising on X despite Elon Musk’s antisemitic endorsement
▼ + stars: | 2023-11-22 | by ( Oliver Darcy | Liam Reilly | ) edition.cnn.com time to read: +5 min

But those assurances have rung hollow as advertisements have continued to be placed on accounts posting hate speech and conspiracy theories. “Elon introduced unique risks,” marketing industry veteran Lou Paskalis, the founder and chief executive of marketing consultancy AJL Advisory, told CNN. “It’s self-destructive for any advertiser to be associated with him,” Sonnenfeld told CNN. His endorsement of the post came as the progressive watchdog Media Matters issued a report that indicated advertisements for major brands appeared next to neo-Nazi hate speech on X. Legal experts have told CNN that the lawsuit is deeply flawed and could open the billionaire up to embarrassing revelations during the discovery process.

Persons: Elon Musk’s, Brian McCarthy, Musk, George Soros —, X, “ Elon, Lou Paskalis, ” Jeffrey Sonnenfeld, ” Sonnenfeld, ”, Ted Boutrous, Boutrous, ” CNN’s Clare Duffy Organizations: CNN, NFL, Walmart, State, The New York Times, Washington Post, The, Mondelēz International, Ritz Crackers, Twitter, Defamation League, Apple, Disney, IBM, Paramount, Fox Sports, Paris, Warner Bros ., AJL, Yale School of Management, Media, Media Matters, Ted Boutrous CNN Locations: Wendy’s, White

☆ I visited an indoor farm in Compton that's growing leafy greens for Walmart and Whole Foods using robots — and it gave me a peek at the future of farming
▼ + stars: | 2023-11-22 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

The urban farm supplies Walmart and Whole Foods with leafy greens. The urban farm run by the Bay Area agricultural-tech startup Plenty is designed to grow up to 4.5 million pounds of leafy greens annually. Plenty launched the large-scale indoor farm in May, producing leafy greens that can go from harvest to store in 24 hours. Over my two-decade career as a food journalist, I've visited farms and processing plants that supply leafy greens for top fast-food chains such as McDonald's. Plenty, on the other hand, grows, harvests, and packages four types of leafy greens in a single facility.

Persons: —, I've Organizations: Walmart, Service, Foods, Bristol Farms Locations: Compton , California, Bay, California, Plenty, America

☆ Brazil Senate Votes to Limit Decisions by Supreme Court Justices
▼ + stars: | 2023-11-22 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Anthony BoadleBRASILIA (Reuters) - Brazil's Senate took the lead on Wednesday to curb what lawmakers see as judicial overreach by the country's Supreme Court and passed a constitutional amendment that limits the ability of justices to rule on issues individually. The bill passed by a wide margin of 52-18 votes in two rounds of voting required for constitutional amendments. Lawmakers have accused the Supreme Court of usurping the legislative function of Congress with rulings on social issues such as the court's decision to facilitate gay marriage. Proposals in Congress include limiting the years justices can sit on the Supreme Court and an amendment that would allow lawmakers to undo court decisions they view as unconstitutional. "Attacking the Supreme Court, changing the way ministers are appointed, shortening their tenure in office, interfering with their internal functioning are political options that are not good for democracy," he told local media.

Persons: Anthony Boadle BRASILIA, Jair Bolsonaro, Oriovisto Guimaraes, Roberto Barroso, Anthony Boadle, Sonali Paul Organizations: Reuters, Brazil's Senate, Supreme

BRASILIA, Nov 22 (Reuters) - Brazil's Senate took the lead on Wednesday to curb what lawmakers see as judicial overreach by the country's Supreme Court and passed a constitutional amendment that limits the ability of justices to rule on issues individually. The bill passed by a wide margin of 52-18 votes in two rounds of voting required for constitutional amendments. Lawmakers have accused the Supreme Court of usurping the legislative function of Congress with rulings on social issues such as the court's decision to facilitate gay marriage. Proposals in Congress include limiting the years justices can sit on the Supreme Court and an amendment that would allow lawmakers to undo court decisions they view as unconstitutional. "Attacking the Supreme Court, changing the way ministers are appointed, shortening their tenure in office, interfering with their internal functioning are political options that are not good for democracy," he told local media.

Persons: Jair Bolsonaro, Oriovisto Guimaraes, Roberto Barroso, Anthony Boadle, Sonali Paul Organizations: Brazil's Senate, Supreme, Thomson Locations: BRASILIA

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Nvidia forecast overall revenue above Wall Street targets, but the company warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China. Shares of Nvidia had initially slipped in premarket trading, but reversed course to climb 1.1%. The central bank's guarded stance is weighing on enthusiasm about rate cuts coming later, Streeter said. ET, Dow e-minis were down 5 points, or 0.01%, S&P 500 e-minis were up 6 points, or 0.13%, and Nasdaq 100 e-minis were up 37.25 points, or 0.23%.

Persons: Brendan McDermid, Susannah Streeter, Hargreaves Lansdown, Sam Altman, Streeter, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Nvidia, Wall, U.S, Hargreaves, OpenAI, Microsoft, Big Tech, University of, Dow e, Deere & Co, Thomson Locations: New York City, U.S, China

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. However, minutes from the latest Fed meeting on Tuesday showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year. The three headwinds were higher energy prices, higher Treasury yields and a stronger dollar and for the last three weeks, all of those headwinds now become tailwinds," said Hogan. Advancing issues outnumbered decliners by a 2.31-to-1 ratio on the NYSE and by a 2.24-to-1 ratio on the Nasdaq. The S&P index recorded 34 new 52-week highs and one new low, while the Nasdaq recorded 54 new highs and 40 new lows.

Persons: Brendan McDermid, Art Hogan, Hogan, Sam Altman, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Federal Reserve, Data, Riley, Traders, Nvidia, Wall, U.S, Investors, OpenAI, Microsoft, Dow Jones, Deere & Co, NYSE, Thomson Locations: New York City, U.S, China

Circuit Judge Reid Scott rejected Tesla's motion to summarily dismiss Kim Banner's lawsuit accusing the company of causing her husband Jeremy Banner's death in 2019. In a 23-page ruling, Scott found that Kim Banner's attorneys presented sufficient evidence to let the case proceed to trial sometime next year. But Scott agreed that Banner's attorneys had provided enough evidence for the case to proceed. The board said Tesla's Autopilot should have safeguards that don't allow the system’s use on highways that have cross-traffic. The car should also make certain drivers using Autopilot remain engaged with their hands on the wheel.

Persons: —, Tesla, Elon Musk, Judge Reid Scott, Kim, Jeremy Banner's, Scott, Whitney Cruz, Trey Lytal, Jeremy Banner, ” Lytal, Musk, “, Reid, Banner, Kim Banner Organizations: Associated Press, National Transportation Safety Board, NTSB Locations: FORT LAUDERDALE, Fla, Florida, Beach

A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse Acquire Licensing RightsLONDON, Nov 21 (Reuters) - Europe’s gas inventories continued to accumulate much later than usual into the autumn as exceptionally mild weather delayed the onset of the winter heating season. It was the culmination of an unusually long refill season which has left the region’s storage sites brimming with gas and eliminated fears about supply security. In an average heating year, Frankfurt will experience a total of around 2,161 heating degree days between July 1 and June 30. Related columns:- Europe's record gas stocks start to pressure prices (November 7, 2023)- Europe’s gas stocks at record high going into winter 2023/24 (October 6, 2023)John Kemp is a Reuters market analyst.

Persons: Annegret, John Kemp, Marguerita Choy Organizations: VNG AG, REUTERS, European Union, Britain, Gas Infrastructure, Thomson, Reuters Locations: Bad Lauchstaedt, Germany, Chartbook, Europe, GIE, Ukraine, Northwest Europe, Frankfurt, EU, Russia, Asia

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