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☆ UK outlines electricity capacity market reforms, incentivising clean suppliers
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 9 (Reuters) - Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies. The so-called capacity market ensures there is reliable electricity supply to meet peaks in demand, safeguarding against the possibility of blackouts if intermittent sources such as those dependent on weather, are not generating enough. Security of energy supply has become a more urgent political issue in light of threats to long-term gas supplies across Europe following Russia's invasion of Ukraine. "The plans set out today will deliver this reliable energy and ensure the scheme that sits at the heart of Britain’s energy security is fit for the future." Addressing industry concerns, the government is proposing multi-year contracts for low carbon flexible capacity.
☆ How 'Real Housewife' Jen Shah's fabulous life came crashing down
  + stars: | 2023-01-06 | by ( Stephanie Clifford | ) www.businessinsider.com   time to read: +43 min
The woman wrote to the judge overseeing Shah's case that she'd had to remortgage her house, almost divorced, and "thought about ending my own life." The couple decided that he should get his degree while Jen Shah dropped out of college to work. (Shah told a judge at her 2022 plea hearing that she had been treated for "alcohol and depression" two years prior. Koa Johnson, Jen Shah's former fashion designerWhen Sharrieff Shah did participate in filming, he quickly became a fan favorite, calm and sensible. Once the show aired and Jen Shah developed a fan base, her behavior became more dramatic, Johnson said.
☆ Britain opens nuclear fuel fund with goal of cutting its dependence on Russia
  + stars: | 2023-01-02 | by ( ) www.cnbc.com   time to read: +1 min
Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies is open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the process of creating nuclear fuel from the metal. Up to 13 million pounds from the fund has already been awarded to the Springfields nuclear fuel manufacturing site in northwest England, the government said. Planned additions to nuclear electricity generation capacity will reduce Britain's reliance on natural gas, which fueled around 45% of generation in 2021. Britain in November said it would become a 50% shareholder in the Sizewell C nuclear project by providing 700 million pounds in funding to the plant, which is planned for southeast England.
☆ Britain opens nuclear fuel fund with aim to cut reliance on Russia
  + stars: | 2023-01-02 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 2 (Reuters) - Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the process of creating nuclear fuel from the metal. Up to 13 million pounds from the fund has already been awarded to the Springfields nuclear fuel manufacturing site in northwest England, the government said. Planned additions to nuclear electricity generation capacity will reduce Britain's reliance on natural gas, which fuelled around 45% of generation in 2021. Britain in November said it would become a 50% shareholder in the Sizewell C nuclear project by providing 700 million pounds in funding to the plant, which is planned for southeast England.
☆ The fintech reckoning is upon us. Here’s what to expect next year
  + stars: | 2022-12-28 | by ( Hugh Son | ) www.cnbc.com   time to read: +9 min
Many fintech companies — particularly those dealing directly with retail borrowers — will be forced to shut down or sell themselves next year as startups run out of funding, according to investors, founders and investment bankers. Other private companies with a reasonable path to profitability will typically get funding from existing investors. The frenzy peaked in 2021, when fintech companies raised more than $130 billion and minted more than 100 new unicorns, or companies with at least $1 billion in valuation. "20% of all VC dollars went into fintech in 2021," said Stuart Sopp, founder and CEO of digital bank Current. "The competitive landscape shifts the most during periods of fear, uncertainty and doubt," said Kelly Rodriques, CEO of Forge, a trading venue for private company stock.
☆ NHL roundup: Connor McDavid extends point streak to 16 in Oilers' win
  + stars: | 2022-12-28 | by ( ) www.reuters.com   time to read: +6 min
December 28 - Connor McDavid scored the winning goal in the third period to run his point-scoring streak to 16 games and lead the visiting Edmonton Oilers to an entertaining 2-1 victory over the Calgary Flames on Tuesday. Ilya Sorokin made 20 saves as the Islanders won their second straight -- their first winning streak since a four-game run Nov. 21-26. Los Angeles goalie Pheonix Copley made 23 saves to extend his personal win streak to five games. New York lost for the second time in three games following a seven-game winning streak. Evan Rodrigues and Mikko Rantanen also scored while Alexandar Georgiev made 27 saves for the Avalanche, whose four-game winning streak ended.
☆ 'Real Housewife' Jen Shah should get 10 years in prison following guilty plea for wire fraud, feds say
  + stars: | 2022-12-24 | by ( Julianne Mcshane | ) www.nbcnews.com   time to read: +9 min
Smith also pleaded not guilty to the charges in April 2021, but later changed his plea to guilty in November 2021, court records show. Another victim with several serious health conditions said she became homeless after being pushed into nearly $30,000 debt through Shah’s scheme. Shah starred on the show since its first season, which premiered in 2020; the third season is currently airing. "For that, I am genuinely sorry, and I will work for the rest of my life to make it right." Shah also claimed in that statement that she joined "The Real Housewives" to "escape the coaching business" and "have a platform to launch my fashion and beauty business."
☆ Cheating on your college essay with ChatGPT won't get you good grades, say professors — but AI could make education fairer
  + stars: | 2022-12-18 | by ( Stephanie Stacey | ) www.businessinsider.com   time to read: +4 min
Some fear college students will use it to cheat, but these professors say they're not too worried. ChatGPT won't replace original writing, said Selber, but it might help college students refine their work. Dr Leah Henrickson, a lecturer at the University of Leeds, thinks that artificial intelligence, if used carefully, might even make education fairer. Artificial intelligence tools like Grammarly, which analyzes and improves written sentences, are already widely used by college students. According to Henrickson, the University of Leeds is already looking at modifying its assessments in reaction to the rise in artificial intelligence.
☆ NHL roundup: Kasperi Kapanen's hat trick sends Pens past Blues
  + stars: | 2022-12-04 | by ( ) www.reuters.com   time to read: +9 min
Oskar Sundqvist scored the only goal of the game for Detroit, which lost its third straight game. Toronto's Mitch Marner scored twice to set a club record with 19th straight games with a point. Bruins 5, Avalanche 1David Pastrnak and Trent Frederic each scored twice as the host Bruins cruised past the Avalanche. Tomas Hertl scored twice for the Sharks, who have lost five of six (1-4-1). Panthers 5, Kraken 1Carter Verhaeghe scored twice and Sam Bennett had three assists as Florida defeated host Seattle, ending the Kraken's franchise-record seven-game winning streak.
☆ 'It's a work in progress.' How Covid has changed the life insurance marketplace
  + stars: | 2022-12-01 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +6 min
But for the life insurance industry, experts say the long-term effects aren't yet known. Faced with a staggering loss of life, insurance firms saw payouts soar during the pandemic. The demand for life insurance policies also jumped as consumers rushed to protect loved ones. Individual U.S life insurance application activity increased by 3.4% in 2021, following a record-breaking year-over-year growth of 3.9% in 2020, according to the MIB Life Index's 2021 annual report. However, the life insurance industry is still wrestling with mortality changes and how these shifts may affect the underwriting process.
☆ Meet a Republican who would have all $10,000 of his student loans canceled under Biden's plan but thinks it's an unfair policy
  + stars: | 2022-11-27 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com   time to read: +7 min
He told Insider he wasn't surprised to see court challenges and worried for people who got refunds. Since Biden announced his plan at the end of August to forgive up to $20,000 in student debt for federal borrowers, the plan has been fraught with legal challenges. I think many of the court challenges have tried to shine light on that," Matthew said. "My generation, the millennial, Gen Z generation, are facing a significant problem with student-loan debt," he said. "This radical scheme must be eviscerated entirely, and Republicans will continue to support legal challenges to achieve that end."
☆ NHL roundup: Trevor Moore's first career hat trick carries Kings
  + stars: | 2022-11-17 | by ( Mark Gleeson | ) www.reuters.com   time to read: +2 min
[1/5] Nov 16, 2022; Edmonton, Alberta, CAN; Edmonton Oilers forward Zach Hyman (18) and Los Angeles Kings forward Trevor Moore (12) battle for a loos puck during the second period at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY SportsNovember 17 - Trevor Moore scored all three goals for the visiting Los Angeles Kings in a 3-1 win against the Edmonton Oilers on Wednesday night. It was the first hat trick of Moore's five-year NHL career and just his third multigoal game. Zach Hyman scored and Stuart Skinner stopped 29 shots for the Oilers, who have lost five of their past seven games. Buffalo goalie Eric Comrie gave up two goals on 24 shots before leaving the game late in the second period with an injury.
☆ COP27: France, Spain latest to pledge halt to gasoline-driven vehicle sales
  + stars: | 2022-11-16 | by ( Simon Jessop | ) www.reuters.com   time to read: +3 min
The countries made their pledges at the COP27 climate talks in Egypt's Sharm el-Sheikh, among a group of new signatories to the Zero Emission Vehicles Declaration (ZEVD), launched at last year's conference in Glasgow. [nL1N2S11J6]Signatories, including countries, municipalities and companies, pledged to shift to 100% sales of zero-emission vehicles by 2035 in leading markets and by 2040 across the globe. The total number of signatories to the pledge now stands at 214, from 130 a year earlier. Going forward, the ZEVD would be overseen by a new group, the Accelerating to Zero Coalition, that aims to help signatories implement their commitment. Data released by BloombergNEF showed 2022 would be a record year for sales of zero-emission vehicles with electric vehicles comprising 13.2% of all sales in the first half of the year.
☆ NHL roundup: Christian Dvorak's hat trick carries Canadiens to victory
  + stars: | 2022-10-30 | by ( ) www.reuters.com   time to read: +8 min
Mandatory Credit: Jeff Curry-USA TODAY SportsOctober 30 - Christian Dvorak scored a third-period hat trick as the visiting Montreal Canadiens rallied past the St. Louis Blues 7-4 on Saturday night. Rangers 6, Stars 3Zac Jones scored the tiebreaking goal in the third period to help New York notch a victory over host Dallas. Red Wings 2, Wild 1Lucas Raymond scored his first two goals of the season and host Detroit downed the Wild. Capitals 3, Predators 0Darcy Kuemper made 34 saves for his first shutout of the season and visiting Washington defeated Nashville. Mikael Backlund scored a short-handed goal, and Brett Ritchie also scored for Calgary, which had a two-game winning streak snapped.
☆ Analyst who provided Trump-Russia dossier information acquitted of lying to FBI
  + stars: | 2022-10-18 | by ( Julia Jester | Julia Jester Is A Producer For Nbc News Based In Washington | ) www.nbcnews.com   time to read: +5 min
Prosecutors alleged Danchenko provided false information to the FBI in 2017 when the agency was trying to verify information in a dossier detailing Trump’s alleged ties to Russia that was compiled by former British spy Christopher Steele. The largely unsubstantiated dossier was used by the FBI to support its surveillance of former Trump campaign aide Carter Page. Millian has denied being a source of information for the dossier. When asked by the FBI whether he had talked to Dolan for the information, Danchenko said he had not. Trump had called the dossier fake news and evidence of a political witch hunt against him.
☆ Britain's Ofgem to urge public to reduce energy usage - FT
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
Oct 13 (Reuters) - Britain's energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage "where possible", the Financial Times reported, less than a week after climate minister Graham Stuart said that the country would not ask its people to use less energy. The energy regulator's move would come as it prepares to launch a campaign to help households reduce their electricity and gas usage, the FT said. Senior Cabinet Office Minister Nadhim Zahawi said on Sunday it was "extremely unlikely" Britain would have planned power cuts over winter, responding to a warning from National Grid (NG.L) that the country could face blackouts if it cannot import enough energy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jose Joseph in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
☆ Showtime’s ‘Lincoln Project’ doc, like the super PAC, is noisy but not all that effective
  + stars: | 2022-10-09 | by ( Michael Arceneaux | Michael Arceneaux Is The Author Of | ) www.nbcnews.com   time to read: +8 min
Showtime’s five-part docuseries about The Lincoln Project, the super PAC founded by multiple well-known Republican strategists and operatives with a shared contempt for Donald Trump, reminds me a lot of the organization’s work in 2020: noisy but not necessarily all that effective in realizing its stated goals. It’s not that The Lincoln Project founders shouldn’t be proud of the house they built. We also definitely didn’t need so much footage of various fans — including celebrities — and Lincoln Project members talking about how cool, popular and great the organization is. At the time of that revelation, not even The Lincoln Project disputed it. And while I won’t deny the coverage The Lincoln Project garnered during and after the 2020 election, is it all that hard to troll someone like Trump?
☆ The difference between 'rich' and 'wealthy,' according to New York Times 'Wealth Matters' columnist
  + stars: | 2022-07-11 | by ( ) www.cnbc.com   time to read: +6 min
When Paul Sullivan was hired to write his "Wealth Matters" column in The New York Times 13 years ago, Americans' relationships with wealth and wealthy people were undergoing a rapid shift. I was told I could create the 'Wealth Matters' column when Lehman Brothers collapsed," he says. Among his biggest takeaways: "I always drew the line between people who are wealthy and people who are rich," he says. 1 money habit of wealthy peopleOver the course of his tenure writing the column, Sullivan talked to nearly 5,000 sources about wealth in America. The article "The Difference Between ‘Rich’ and ‘Wealthy,’ According to New York Times ‘Wealth Matters’ Columnist″ was originally published on Grow (CNBC + Acorns).
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