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An 'air train' in China runs using an overhead magnetic track, never touching it as it glides through the air 30 feet above the ground — see it in actionChina's "Red Rail" air train glides through the air without touching the track above it or anything below. Hu Chenhuan/Xinhua via Getty Images The Red Rail glides through the air suspended about 10 meters, or 33 feet, above the ground. Photo by Hu Chenhuan/Xinhua via Getty Images Source: South China Morning Post It has two cars that can carry 88 passengers total. Photo by Jiang Tao/China News Service via Getty Images Source: South China Morning Post In its experimental phase, the track is 800 meters long, or roughly 2,620 feet. Photo by VCG/VCG via Getty Images Source: South China Morning Post Read next China Trains Business Visual Features More...
The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."
The agency does not pay tech platforms to publish service information, which Ms. Rieara said could also be found through the MYmta and TrainTime apps, the M.T.A.’s website, email alerts and text messages. “Service alerts are also available on thousands of screens in stations, on trains and in buses,” she said. did not immediately respond to a request for comment early Friday. Still, the agency doubled down. In February, there were more than 84 million subway trips and more than 33 million bus trips, which were about two-thirds of the ridership rates in February 2019, according to the city’s comptroller’s office.
The Eta Aquarids meteor shower is due to peak May 5, offering up to 40 shooting stars per hour. If you're heading out to see the display, here are NASA's top tips for getting the best look. The meteor shower is active this year from between April 15 to May 27, but it is expected to peak on May 5. NASAThe Eta Aquarids are one of the few showers that favor the Southern Hemisphere. So you will have to wait over 20 years to see another Eta Aquarids outburst," he added.
Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."
[1/5] Passengers wait to board trains at Shanghai Hongqiao railway station ahead of the five-day Labour Day holiday, in Shanghai, China, April 28, 2023. REUTERS/Aly SongBEIJING, April 28 (Reuters) - China is bracing for a record-high travel rush over the Labour Day holiday, with popular sightseeing spots selling out of tickets and some cities warning would-be visitors away as domestic tourism rebounds after Beijing ended COVID curbs. Authorities are expecting 19 million trips to be made across China's vast railway network on Saturday, the first day of the five-day holiday, which would be the highest number of rail trips made in a single day in the country's history. Over the 40-day Lunar New Year travel period in January-February this year, 348 million trips were made in total, or about 8.7 million trips a day on average, according to the National Railway Administration. China's aviation authority said it expects air passenger trips to reach a total of 9 million over the five days.
The “water metro” will connect Kochi, in Kerala state, with 10 nearby islands in the Arabian Sea. Upgrading roads, railways, and metro systems has been a big initiative for the prime minister ahead of the G20, which India will host in September. As it becomes the most populous country in the world, India has made no secret of its tourism ambitions. Kochi’s water metro system is just the latest in a string of big infrastructure and travel announcements in India. Then, Kolkata’s metro system – the oldest in the country – revealed its first ever underwater line, which travels under the Hooghly River.
Wall Street is getting the Hollywood treatment again. - Paul Giamatti as AMC's Adam Aron (This guy knows his way around Wall Street.) For more on the upcoming GameStop movie, including who is set to play the "pot-smoking retail trader," click here. Here's why the rest of Wall Street might be motivated to help First Republic. Meet the new generation of the ultra-rich on Wall Street.
“It was just so original,” she told Reuters, and her co-lead, “Umbrella Academy” actor Ritu Arya, could not agree more. When Lena drops out of art school and quickly gets engaged, Ria and her friends plan a bride-heist of epic proportions. Director Nida Manzoor's first feature film scored a 94% on Rotten Tomatoes after premiering at the Sundance Film Festival. Critics have praised the quirky martial arts film for its inspiring and unconventional representation of compelling women and girls. “Strong women come from strong women,” Kansara said.
Kids in Hammond, Indiana, are forced to climb over and through stopped trains block their way to school. Jamie Kelter Davis for ProPublicaState lawmakers have tried to curb blocked crossings by restricting the lengths of trains. Spielmaker, the Norfolk Southern spokesperson, said: "We work with first responders on a daily basis to assist however we can. A favorable court opinion could allow other states to finally enforce their laws on blocked crossings. Among those who hope to voice their concerns about the blocked crossings are rail workers themselves who worry about the kids.
April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) took a $387 million charge in the first quarter due to the Ohio freight train derailment and said it expects economic headwinds to weigh on its volume and revenue during the April-June period. Shares of Norfolk, which operates in 22 states and the District of Columbia, slipped 1.1% in afternoon trade on Wednesday. The U.S. Justice Department sued Norfolk last month, seeking to ensure that the railroad operator pays the full cost of cleanup and any long-term impacts of the derailment. Norfolk posted an adjusted profit of $3.32 per share for the first quarter, compared with analysts' average estimate of $3.12 per share, according to Refinitiv data. Reporting by Amna Karimi and Nathan Gomes in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) said on Wednesday it expected inventory and economic headwinds would pressure its volume and revenue throughout the second quarter, even as demand for freight remained strong. Norfolk came under heavy fire after one of its freight trains carrying hazardous materials derailed in East Palestine, Ohio in early February. "Looking at the back half of '23, clearly, the economic conditions remain uncertain," Elkins said. However, automotive shipments have boosted freight demand as car makers are ramping up production. Overall quarterly operating revenue rose 7.4% to $3.13 billion, compared with analysts' estimates of $3.11 billion.
April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) said on Wednesday it took a $387 million charge in the first quarter after a freight train derailment in Eastern Ohio released over a million gallons of hazardous materials into the environment. Norfolk came under heavy fire after one of its freight trains carrying hazardous materials derailed in East Palestine, Ohio in early February. The state of Ohio sued the railroad operator in March, seeking compensation for damages to the state's environment, economy and residents. Norfolk, which serves 22 states and the District of Columbia, posted an adjusted quarterly profit of $3.32 per share, compared with analysts' average estimate of $3.12 per share, according to Refinitiv data. Reporting by Amna Karimi and Nathan Gomes in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Although not every child’s recording made the final cut, the project has aimed to broaden acceptance of children with autism and to give them a chance to have their voices broadcast at train stations, which many of them adore. Many children with autism focus intensely on the technical aspects of trains and buses, subway maps and train schedules, said Jonathan Trichter, a co-founder of the Foundry Learning Center — a school for children with developmental disabilities in Manhattan — and the driving force behind the public service announcements. Children with autism also latch onto phrases they hear in spaces where they are intensely focused and use them as some of their first means of communication, Mr. Trichter said. “As a result, it is not unusual for a child in New York City who is on the spectrum to have, as his or her first full sentence, something like ‘Stand clear of the closing doors, please,’” Mr. Trichter said, reciting the familiar warning that plays throughout the city’s subway system. That phenomenon, he said, gave him the idea to pitch the children’s announcements to the Metropolitan Transportation Authority in New York, which was the first agency to broadcast them last April.
Analysts have been very bullish about investing in an area of clean energy: hydrogen. "Clean" hydrogen remains a "more compelling" decarbonization option than batteries when it comes to trucks, ships, trains and planes, HSBC said in an April 20 note. Clean energy has been gaining impetus with the U.S. Inflation Reduction Act, and some regard hydrogen as a renewable power source. It gave the stock a price target of 80.30 yuan ($11.60), or potential upside of 114%. HSBC gave the stock a price target of 21 euros ($23), or potential upside of 32%.
Months prior, Glaser and her team were implementing the school’s Covid-19 testing program, using antigen nasal swab tests. It’s not as simple as just handing those things out at school and having the kids do them,” said Glaser, who oversaw antigen testing programs at some California public schools. For now, Glaser and her colleagues described in a new study the lessons they learned from the Covid-19 dog screening pilot program that they launched in some California K-12 public schools. In comparison, Covid-19 BinaxNOW antigen tests have been shown in one real-world study to demonstrate 93.3% sensitivity and 99.9% specificity. The pilot program within California public schools also has left Edwards with hope for future opportunities in which canines can help detect disease in humans.
Rotterdam, Netherlands, is the best city for a sustainable vacation, according to a 2023 report from Kayak. Rotterdam, Netherlands Amsterdam, Netherlands Graz, Austria Trondheim, Norway Munich, Germany Helsinki, Finland Stockholm, Sweden Zurich, Switzerland Gothenburg, Sweden Vienna, AustriaRotterdam and Amsterdam, both in the Netherlands, took the No. The Netherlands city is the second-largest in the country and Europe's largest seaport. The city, known as "the Venice of the North," is now a designated UNESCO World Heritage site, thanks to its iconic canal district. The channels' design is considered an example of town planning that influenced the world for centuries, according to UNESCO.
CNN —A metro train has traveled under Sydney Harbour for the first time ever in what’s being described as “a historic first step” for the Australian city. It came over 91 years after the first steam train crossed over the Sydney Harbour Bridge back in January 1932. Courtesy NSW GovernmentThe $20.5 billion AUD (around $13.7 billion) Metro City and Southwest Line, an extension of Sydney’s Metro Northwest line, will eventually extend all the way to the suburb of Sydenham in the inner west of the city. Meanwhile, plans are also in place for a $27 billion AUD (around $18 billion) Metro West line underneath Hunter Street in the Sydney central business district. The city will have a network of four lines, 46 stations and 113 kilometers of new metro rail by 2030.
What it’s like to be a theme park designer
  + stars: | 2023-04-21 | by ( Kate Springer | ) edition.cnn.com   time to read: +10 min
“Back then, it definitely wasn’t cool to be into theme parks, but I was obsessed,” Jeffs, 39, tells CNN. Jeffs points to the immersive “Pacific Rim: Shatterdome Strike” ride at Trans Studio Cibubur, part of Indonesia’s largest theme park chain, as an example. “When I was growing up, theme park design was often dismissed as a rinky-dink, second-class artistic discipline simply because it was rarely well done. “That first summer, we drove 10,000 miles and hit up virtually any theme park that had managed to re-open,” he says. Courtesy Taylor JeffsAnd though he’s ridden over 600 roller coasters and explored theme parks worldwide, Disneyland in California remains his all-time favorite park.
Strikes cripple German rail network, four airports
  + stars: | 2023-04-21 | by ( ) www.reuters.com   time to read: +1 min
The walkout, organised by the EVG union, was due to run from 3 a.m. (0100 GMT) to 11 a.m, though the train network was expected to be impacted for the whole day. State-owned Deutsche Bahn said all its long-distance connections would be cancelled until 1 p.m. and that few commuter trains would run. Deutsche Bahn has offered 5% and one-off payments of up to 2,500 euros. Friday's transport strike was set to coincide with a walkout at four German airports - Duesseldorf, Hamburg, Cologne Bonn and Stuttgart - by members of the Verdi union. ($1 = 0.9118 euros)Writing by Rachel More, Editing by Friederike Heine and John StonestreetOur Standards: The Thomson Reuters Trust Principles.
DETROIT, April 21 (Reuters) - United Auto Workers union President Shawn Fain said on Friday there is "no excuse" for Detroit's automakers to set up electric vehicle operations and ventures that are not unionized. Detroit automakers have set up several U.S. joint venture battery factories that are not covered by their current agreements with the UAW. Fain said workers at joint venture battery plants should earn higher wages than production workers at older Detroit Three factories. "I look forward to bring that work under the UAW," Fain said. The UAW president said workers displaced as factories dedicated to combustion vehicle technology lose work should have a right to get jobs at joint venture factories.
U.S. trains keep derailing. Why?
  + stars: | 2023-04-20 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com   time to read: +2 min
Washington lawmakers are scrutinizing the freight rail industry as a string of derailments unfold in 2023. "Trains got heavier and longer," said Mark Burrows, a former locomotive engineer. The National Transportation Safety Board, which released preliminary findings in February, is conducting a full investigation of the crash. "This was 100% preventable," said Jennifer Homendy, chair of the NTSB, at a February press conference focused on the preliminary report. Watch the video above to learn more about the freight rail industry and what might be leading to the current rash of train derailments in the U.S.
Why trains keep derailing in the U.S.
  + stars: | 2023-04-20 | by ( Carlos Waters | Dain Evans | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy trains keep derailing in the U.S.A string of train derailments have captured the attention of lawmakers in Washington. Corporations within the freight rail industry have redesigned their businesses to maximize efficiency. Some of these strategic corporate decisions may have been involved in a now-infamous February 2023 crash on the Ohio-Pennsylvania border, according to federal regulators. Watch the video to learn why some experts think these changes may adversely affect public health and safety.
LONDON, April 20 (Reuters) - British transport company FirstGroup (FGP.L) and infrastructure fund I Squared are weighing competing bids for parts of Deutsche Bahn's international transport business Arriva, according to a number of people familiar with the matter. The British transport company may also consider partnering with another bidder for the UK operations, the two added. Arriva, Deutsche Bahn, FirstGroup and I Squared declined to comment. A Bloomberg report in January suggested Arriva may now fetch as much as 2 billion euros. Binding offers for Arriva are expected in the next couple of months, two of the sources said.
San Jose began soliciting proposals for a link between its airport and its railway station in 2019. On Tuesday, it authorized a plan from a tech firm call Glydways' which makes autonomous cars hailed via app. Autonomous cars will traverse Silicon Valley from as soon as 2028 after San Jose authorized a plan on Tuesday to connect the city's airport with its central railway station, Bloomberg reported. "In a sprawling city like San Jose, local light rail is a tough proposition." "San Jose has recognized that modernizing our ability to move will provide a multitude of opportunities for everyone- access to better jobs, affordable housing, education, healthcare and more," he added.
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