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☆ Hurricane Lee weakens to a Category 3 but still forecast to be powerful into next week
▼ + stars: | 2023-09-09 | by ( ) www.cnbc.com time to read: +2 min

In this NOAA image taken by the GOES satellite, Hurricane Lee crosses the Atlantic Ocean as it moves west on September 8, 2023. Hurricane Lee weakened to a Category 3 hurricane Friday evening, one day after it exploded from a Category 1 to a dangerous Category 5, but is still forecast to remain a powerful storm into next week. On Friday, the storm weakened gradually from its status as a Category 5 in the early morning, eventually down to a Category 3, still remaining a major hurricane. "Fluctuations in intensity are likely over the next few days, however Lee is expected to remain a powerful hurricane through early next week," the advisory said. Lee will bring high surf and dangerous rip currents to the U.S. East Coast as early as Sunday, and could worsen through the week.

Persons: Hurricane Lee, Lee Organizations: Hurricane, National Hurricane Center, Virgin Islands, Lesser, British, U.S . Locations: Leeward, Leeward Islands, Puerto Rico, U.S, U.S . Virgin Islands , Puerto Rico, Hispaniola, Turks, Caicos Islands, Bahamas, Bermuda, U.S . East Coast

☆ Hurricane Lee expected to move north of Puerto Rico but still dangerous
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

A composite image shows Hurricane Lee churning towards the Caribbean after intensifying into a major storm, September 8, 2023. Acquire Licensing RightsWASHINGTON, Sept 9 (Reuters) - Hurricane Lee, a powerful Category 3 storm, was expected to move well north of Puerto Rico and the U.S. Virgin Islands this weekend but could cause dangerous beach conditions on the U.S. East Coast beginning on Sunday, the U.S. National Hurricane Center said on Saturday. "Dangerous surf and rip currents are expected to begin along most of the U.S. East Coast Sunday and Monday and worsen through the week," the forecaster said. Lee had intensified into a dangerous Category 5 storm earlier in the week, the highest step on the Saffir-Simpson wind scale, before downgrading into a Category 3 hurricane. "Fluctuations in intensity are likely over thenext few days, however Lee is expected to remain a powerful hurricane through early next week," it said.

Persons: Lee, Hurricane Lee, Eric Beech, Timothy Gardner, Diane Craft Organizations: Oceanic, Atmospheric Administration, REUTERS, Acquire, Rights, U.S . Virgin, U.S . East, U.S, National Hurricane Center, U.S ., U.S . East Coast Sunday, National Weather Service, Thomson Locations: Puerto Rico, U.S, U.S . East Coast, Leeward, Atlantic Canada, Bermuda

ATLANTA (AP) — Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Political Cartoons View All 1148 Images"That extra heat comes back to manifest itself at some point, and one of the ways it does is through stronger hurricanes,” Shepherd said. More intense major hurricanes are also threatening communities farther inland, since the monster storms can grow so powerful that they remain dangerous hurricanes for longer distances over land. It has been 69 years since a major hurricane made landfall in New England, McNoldy said. Margot is far to the east of Lee, but as Margot strengthens it could affect the weather systems in the region that steer hurricanes.

Persons: Hurricane Lee, Lee, ”, Marshall Shepherd, ” Shepherd, “, Shepherd, Kerry Emanuel, Brian McNoldy, Idalia, Hurricane Michael, it’s, McNoldy, Gale, there’s, ” Mike Brennan, ” Brennan, Emanuel, they’re, Margot, it's Organizations: ATLANTA, Hurricanes, University of Georgia’s Atmospheric Sciences Program, American Meteorological Society, D.C, Massachusetts Institute of Technology, University of Miami, Florida Panhandle, Hurricane, U.S ., National Weather Service, National Hurricane Center Locations: Hurricane, Washington, New York, Boston, Florida, Georgia, Valdosta, U.S . East Coast , New Englanders, New England, Maine, Rhode, U.S, Lee, New Harbor , Maine, Louisiana

☆ Factbox: Hurricane Lee intensifies into major storm, roars toward Caribbean
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

A composite image shows Hurricane Lee churning towards the Caribbean after intensifying into a major storm, September 8, 2023. How powerful is Hurricane Lee? Lee is packing maximum sustained winds of 165 miles (265 km) per hour, making it a Category 5 hurricane on the five-step Saffir-Simpson Hurricane Wind Scale, which is based on a storm's sustained wind speed. If Hurricane Lee makes landfall as a Category 5, it could cause catastrophic damage and destroy a high percentage of framed homes. Lee adds to a busy hurricane season that has thus far set a pace above average on several measures, including named storms, named storm days and major hurricane days, Colorado State University meteorologist Philip Klotzbach said.

Persons: Lee, Handout, Philip Klotzbach, Brendan O'Brien, Angus MacSwan Organizations: Oceanic, Atmospheric Administration, Handout REUTERS, Simpson, National Weather Service, Northern, U.S . East, National Hurricane Center, Colorado State University, Thomson Locations: Caribbean, Northern Leeward, Leeward Islands, Virginia Islands, Puerto Rico, U.S . East Coast, Canada, Bermuda, Chicago

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ Basketball-sized gold coin worth ‘around $23M’ honors late Queen Elizabeth II
▼ + stars: | 2023-09-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

It was produced by the East India Company, a luxury lifestyle brand with rights to the name of the corporation that once controlled large swathes of Britain’s empire. Businessman Sanjiv Mehta, who acquired the rights to the East India Company in 2005, poses with the diamond-encrusted coin. The East India Company said its multi-million-dollar valuation was partly due to the quality of the materials and crafting processes, which involved artisans and experts from the UK, India, Singapore, Germany and Sri Lanka. The original East India Company operated for almost 300 years before its dissolution in 1874. “The Crown” took over a year to produce, meaning that it was underway before Queen Elizabeth died at Balmoral Castle in Scotland last September.

Persons: Queen Elizabeth II, Queen Elizabeth’s, Sanjiv Mehta, tiaras, ”, Queen Elizabeth, Mehta Organizations: CNN, East India Company, Sotheby’s, NBA, British Overseas, Government, Royal Household, Royal, Foreign and Commonwealth Office Locations: York, India, Singapore, Germany, Sri Lanka, Scotland, British Overseas Territory, St Helena

☆ Column: US offshore wind sector faces key test after weak Gulf auction
▼ + stars: | 2023-08-30 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsLITTLETON, Colorado, Aug 29 (Reuters) - The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden's green energy agenda, and the U.S. offshore wind sector in general. U.S. officials had touted the auction as a key milestone in Biden's agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change. In addition to lower wind speeds and hurricane risks, potential wind farm developers in the Gulf waters must also accommodate relatively lower local power market prices than other parts of the United States, which greatly undermines wind power earning potential in the region. As offshore wind power systems are still in their relative infancy compared with other power sources, the average cost of power generated from offshore sites can be twice the cost of that from a gas-fired plant. Without a viable offshore wind sector, those industries may now struggle to secure the quantities of green hydrogen they may be anticipating in coming decades, and so could look for ways to support the wind sector's development in the years ahead.

Persons: Brian Snyder, Joe Biden's, Biden, hesitancy, Gavin Maguire, Matthew Lewis Organizations: U.S . Coast Guard, REUTERS, Offshore, U.S ., Gulf, Shell, Reuters, Thomson Locations: Rhode, LITTLETON , Colorado, Gulf, Mexico, U.S, Louisiana, Northeast, Texas, United States, U.S . East Coast , New York, New Jersey, Gulf Coast, Gulf of Mexico, Littleton , Colorado

☆ Hurricane Idalia: Florida’s Evacuation Orders by County
▼ + stars: | 2023-08-29 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +2 min

More than 20 counties in western and Central Florida have issued evacuation orders as Hurricane Idalia approaches, including parts of Tampa, the state’s third-largest city. Baker County, west of Jacksonville, issued a voluntary evacuation order for low-lying and flood-prone areas and for mobile homes. Dixie County, west of Gainesville, issued a mandatory evacuation order, urging residents to complete preparations by sunset on Tuesday. Gilchrist County, west of Gainesville, issued a voluntary evacuation order for all low-lying areas and mobile homes. Jefferson County, east of Tallahassee, ordered the voluntary evacuation of mobile homes, recreational vehicles and low-lying areas that are prone to floods.

Persons: Simmons, Joe Beach, Johnny Diaz, Claire Moses Locations: Central Florida, Tampa, Florida, Baker County, Jacksonville, Citrus County, U.S, Dixie County, Gainesville, Franklin County, Tallahassee, Gilchrist County, Gulf County, Panama City, Cape San Blas, Mexico, Simmons Bayou, Highland, Hernando County, Tuesday, Hillsborough County, Jefferson County

Aug 29 (Reuters) - Tropical Storm Idalia closed in on Florida's Gulf Coast on Tuesday after skirting past Cuba, headed for a U.S. landfall as a powerful Category 3 storm, prompting authorities to order evacuations of vulnerable shoreline areas. [1/3]People walk on a flooded street as Storm Idalia makes landfall in Cuba, Guanimar, Cuba, August 28, 2023. MOVING TO HIGHER GROUNDEvacuations of barrier islands and other low-lying areas of Florida's Gulf Coast began on Monday. Far to the east of Idalia, Hurricane Franklin, the first major hurricane of the season, meandered in the Atlantic, and was forecast to turn to the northeast over the next two days. The Category 4 storm threatened to bring heavy swells to Bermuda and the U.S. East Coast throughout the week.

Persons: Idalia, Buckle, Ron DeSantis, Irma, Michael, Ian, Guan, Storm Idalia, Alexandre Meneghini, We've, Yadira Alvarez, Shannon Hartsfield, Hartsfield, DeSantis, Hurricane Franklin, Rich McKay, Dave Sherwood, Brendan O'Brien, Steve Gorman, Swati Verma, Lincoln Organizations: U.S, Hurricane Center, NHC, Storm, REUTERS, Authorities, Coast, Hartsfield, Tampa International, National Guard, meandered, U.S ., Reuters Graphics Reuters, Thomson Locations: Florida's, Coast, Cuba, Miami, Bend, Florida, Gulf, Mexico, Sarasota, Tampa, Apalachicola Bay, Caribbean, Havana, Guanimar, Pinar del Rio, Florida's Gulf Coast, Georgia, North, South Carolina, Idalia, Hurricane, Bermuda, U.S . East Coast, Atlanta, Chicago, Los Angeles, Bengaluru

Aug 28 (Reuters) - Tropical Storm Idalia was expected to intensify into a major hurricane on Monday as it barreled toward Florida's Gulf Coast, where authorities urged millions of residents to prepare to evacuate ahead of an expected landfall early Wednesday morning. The storm's growing intensity and its current northerly track put some 20 million Floridians under hurricane and tropical storm watches. "This is going to be a major hurricane. This is going to be a powerful hurricane and this is absolutely going to impact the state of Florida." To the east of Idalia, Hurricane Franklin, the first major hurricane of the season, meandered in the Atlantic, where it was forecast to turn to the northeast over the next two days.

Persons: Idalia, Ron DeSantis, DeSantis, Hurricane Franklin, Brendan O'Brien, Rich McKay, Conor Humphries Organizations: National Hurricane Center, Simpson, National Guard, Duke Energy, meandered, U.S ., Thomson Locations: Gulf Coast, Caribbean, Cuba, Big, Florida, Coast, Florida's Gulf Coast, Georgia, North, South Carolina, Bradenton, Hillsborough County, Idalia, Hurricane, Bermuda, U.S . East Coast, Chicago, Atlanta

☆ Covid Closed the Nation’s Schools. Cleaner Air Can Keep Them Open.
▼ + stars: | 2023-08-27 | by ( Apoorva Mandavilli | More About Apoorva Mandavilli | ) www.nytimes.com time to read: +1 min

On a sunny afternoon in a cluttered music room at East High in Denver, two sophomores practiced violin while their music teacher, Keith Oxman, labored over a desk in an adjoining office. East High is Denver’s largest high school and among the oldest, and there is no modern ventilation system. As the pandemic broke out, Mr. Oxman, 65 and a cancer survivor, feared getting sick or carrying the virus to his 101-year-old father. So he left the school when it first closed, in March 2020, and did not return for more than a year, staying home during later virus surges. “But the windows don’t open.”Poorly ventilated spaces offer ideal transmission conditions for the coronavirus, and at the height of the pandemic, schools like East High were a searing point of controversy.

Persons: Keith Oxman, Oxman, ” Organizations: East High Locations: Denver

☆ Hurricane Franklin gains strength, takes aim at Bermuda -US NHC
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

Aug 27 (Reuters) - Hurricane Franklin is forecast to become the Atlantic's first major hurricane of the season on Monday and is on track to pass close to Bermuda on Wednesday, the U.S. National Hurricane Center (NHC) said on Sunday. "Additional strengthening is forecast, and Franklin is forecast to become a major hurricane on Monday," the advisory said. A tropical storm with maximum sustained winds of above 110 mph (177 kph) or higher is considered a major hurricane. Franklin is expected turn away from the U.S. eastern seaboard in the early part of the week but pass near the island of Bermuda on Wednesday, an NHC map shows. The NHC said swells generated by Franklin were beginning to affect Bermuda on Sunday night.

Persons: Franklin, Simon Lewis, Chris Reese, Lincoln Organizations: U.S, National Hurricane Center, NHC, Colorado State University, Panhandle, Thomson Locations: Bermuda, Miami, Franklin, U.S, United States, Florida, Georgia, Bengaluru

☆ Tropical Storm Franklin strengthens into a hurricane - US NHC
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: 1 min

Aug 26 (Reuters) - Tropical Storm Franklin has become a hurricane and could become a major hurricane early next week, the U.S. National Hurricane Center (NHC) said on Saturday. The hurricane is located about 620 miles (998 km) south of Bermuda, packing maximum sustained winds of 75 miles per hour, the NHC said. The strengthening trend should end in about three to four days with shear expected to increase, the Miami-based forecaster said. The forecaster will issue the next advisory at 17:00 ET. Reporting by Urvi Dugar in Bengaluru; Editing by Diane Craft and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Storm Franklin, Urvi, Diane Craft, Daniel Wallis Organizations: U.S, National Hurricane Center, NHC, Thomson Locations: Bermuda, Miami, U.S, Bengaluru

☆ Cooler conditions bring some hope as Canada wildfires rage on
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

Aug 21 (Reuters) - Wildfires ravaging Canada's British Columbia province are showing some signs of easing and the weather conditions should improve through Monday into Tuesday, through crews are still battling "epic" blazes, emergency officials said. Blazes are also raging further north as Canada reels from its worst wildfire season on record, which many experts have blamed on climate change. British Columbia, which sits on Canada's Pacific coast, could get some rains this week from Tropical Storm Hilary, which hit California on Sunday, forecasters have said. The air quality index in many fire-affected areas - including Central Okanagan, Eastern Fraser Valley, Kamloops - hit above 10 on Monday, signaling a high risk, the British Columbia government said. Fires continued to burn about 15 km from Yellowknife and it was unclear when they will reach the city, officials said.

Persons: Hilary, Jerrad Schroeder, Jason Brolund, Brolund, Denny Thomas, Michael Perry, Andrew Heavens Organizations: Canada's, U.S ., Tropical, Kamloops Fire, British Columbia, Government, Northwest Territories, Canada's Department of National Defence, Canadian Broadcasting Corp, Thomson Locations: Canada's British Columbia, Canada, U.S, U.S . Pacific Northwest, British Columbia, California, Kamloops, Central Okanagan, Eastern Fraser Valley, British, New York, U.S . East Coast, Yellowknife, Northwest, West Kelowna

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ As fires rage in British Columbia, more residents prepare for evacuations
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +4 min

By Saturday, more than 35,000 residents were under an evacuation order and another 30,000 were under an evacuation alert. Ministers and government officials urged residents living in evacuation order zones to take immediate action, in the interest of their own lives and that of the firefighters. British Columbia Premier Daniel Eby also imposed a ban on non-essential travel on Saturday, in order to free-up accommodation for evacuees and firefighters. Forest fires are not uncommon in Canada, but the spread of blazes and disruptions underscore the severity of its worst wildfire season yet. The fires have drained local resources and drawn in federal government assistance as well as support from 13 countries.

Persons: Columbia Premier Daniel Eby, Krista Flesjer, Kip Lumquist, Denny Thomas, Kim Coghill Organizations: U.S ., U.S . Pacific Northwest, Ministers, Columbia Premier, Authorities, Government, REUTERS Acquire, Thomson Locations: British Columbia, Kelowna, Vancouver, U.S, U.S . Pacific, Canada, New York, U.S . East Coast, Squilax, Yellowknife, Northwest Territories, Chase, Hope, Lytton, Craigellachie

☆ Canada to deploy military in British Columbia to tackle fast-spreading fires
▼ + stars: | 2023-08-20 | by ( Nia Williams | ) www.reuters.com time to read: +6 min

Summary British Columbia declares state of emergency after wildfiresFlames have led to evacuation orders for more than 35,000 peopleAQI of some British Columbia cities at 'hazardous' levelsREVELSTOKE, British Columbia, Aug 20 (Reuters) - Canada is sending the military to tackle fast-spreading wildfires in British Columbia, Prime Minister Justin Trudeau said on Sunday, as the western province deals with flames that have led to evacuation orders for more than 35,000 people. In some cities in British Columbia, the air quality index (AQI), which measures major pollutants including particulate matter produced by fires, was above 350, a "hazardous" level, IQAir, a real-time air quality information platform showed. West Kelowna fire chief Jason Brolund said he saw some hope after battling "epic" fires for the past four days. Since 2009, Canada has been spending more on fighting and suppressing wildfires than on maintaining its firefighting personnel and program. In British Columbia, the TransCanada highway was closed near Chase, about 400 km (250 miles) northeast of Vancouver.

Persons: Justin Trudeau, Jason Brolund, that's, Brolund, Trudeau, Krista Flesjer, Kip Lumquist, Lumquist, Nia Williams, Dan Whitcomb, Nilutpal, Denny Thomas, Mark Porter, Matthew Lewis, Lisa Shumaker, Gerry Doyle, Raju Gopalakrishnan Organizations: Columbia, Flames, British Columbia, Kelowna College, ., Canadian Broadcasting Corp, Reuters, U.S ., Canadian, REUTERS Acquire, Government, Thomson Locations: Columbia, REVELSTOKE, British Columbia, Canada, British, Kelowna, U.S, U.S . Pacific Northwest, Washington, Oregon, Squilax, Kamloops, New York, U.S . East Coast, Yellowknife, Northwest Territories, Chase, Vancouver, Craigellachie, Los Angeles, Bengaluru

☆ The Hawaii Fires Didn’t Have to Be This Catastrophic - The New York Times
▼ + stars: | 2023-08-19 | by ( Costas Synolakis | George Karagiannis | ) www.nytimes.com time to read: +3 min

Maui officials said text alerts were sent out, but it’s unclear how many people received them (power and cellular disruptions may have prevented residents from getting these alerts). Many local residents have said that they didn’t know the flames were approaching until the fire was nearby. We know from New York Times reporting that by 5:19 p.m. the fire had reached the waterfront, and that by 5:33 people were seeking shelter in the water. If the text alerts were sent out at 4:17 p.m., that was at least 47 minutes too late. On Maui alone, firefighters were battling fires near Makawao and Kula when the Lahaina fire erupted, leaving the ranks depleted.

Organizations: New York Times Locations: Maui, Lahaina, County, Mati, Greece, Makawao, Kula, Europe, Hawaii

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal is important for moving consumer goods from Asia to the United States, especially ahead of peak selling seasons like Christmas. The Canal also is maintaining a suspension of extraordinary auctions for transit slots in both locks through Sep. 2. "Demand remains high, which proves that the Panama Canal is still competitive in most segments, even with measures taken to save water," the authority added. The Panama Canal has a 40%-market share of containers moving from Northeast Asia to the U.S. East Coast.

Persons: Aris Martinez, Elida Moreno, Marianna Parraga, Gary McWilliams, Grant McCool Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, Canal Authority, U.S ., Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, United States, South, Pacific Coast, Northeast Asia, U.S . East Coast

☆ These are the top 10 U.S. cities where New Yorkers want to move—only 1 is in California
▼ + stars: | 2023-08-08 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

New York City is one of the most expensive American cities to live in, yet people from all around the world continue to flock there. Los Angeles is the only California city to make StreetEasy's list, while Florida had three cities rank in the top 10, including Tampa and Orlando. 1 U.S. city New Yorkers are moving to: Miami, FloridaMiami's popularity among New Yorkers continues to rise and the Florida city landed the top spot of cities residents are thinking about relocating to. Alexander Spatari | Moment | Getty ImagesTop 10 U.S. cities New Yorkers are moving toMiami, Fla. Philadelphia, Pa. Stamford, Conn. Atlanta, Ga. Tampa, Fla. Boston, Mass. It is considered the most significant financial district outside New York City, according to the city's Chamber of Commerce.

Persons: Douglas, StreetEasy, Goldman Sachs, Alexander Spatari, Sean Pavone, it's, Ned Lamont Organizations: New, Yorkers, Elliot Management, Fla ., Washington D.C, Philadelphia, Comcast Corporation, Toll, Burlington Stores, Burlington Stores . Philadelphia, Istock, Getty Images, Bloomberg, U.S . Postal Service, Charter Communications, city's Chamber of Commerce ., Getty Locations: Miami, Florida, New, New York City, Manhattan, The City, Yorkers, Los Angeles, California, Tampa, Orlando, U.S, United States, South Beach, Little Havana, . Miami , Florida, Fla . Philadelphia, Pa . Stamford, Conn, Atlanta, Ga, Fla, Boston, Mass, Fla . Los Angeles, Calif, Washington, East Stroudsburg, Pa, New York County, Kings County, Brooklyn, Queens County, Queens, Philadelphia, The Pennsylvania, Burlington Stores ., Getty Images Stamford , Connecticut, Connecticut, New York City for Connecticut, Stamford, city's Chamber of Commerce . Stamford , Connecticut

☆ US World Cup opener viewership in primetime doubles from 2019
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +1 min

AUCKLAND, July 23 (Reuters) - Average viewership for the United States' Women's World Cup opener against Vietnam nearly doubled from their kick-off match in 2019, broadcaster Fox said on Sunday, as a primetime time slot helped yield 5.261 million viewers. The Americans got their bid for an unprecedented three-peat off to a comfortable start as they beat World Cup newcomers Vietnam 3-0 in Auckland on Saturday, with the match peaking at 6.552 million watchers for the English-language broadcast. That was a 99% increase from the 2.649 million who tuned in for their 13-0 rout to open their 2019 campaign, when the match was aired mid-day on the U.S. East Coast. While this year's primetime time slot offered a clear advantage over 2019, the match competed domestically for attention with Lionel Messi's highly anticipated Major League Soccer debut. Reporting by Amy Tennery in Auckland; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Fox, Lionel Messi's, Messi, David Beckham, Amy Tennery, William Mallard Organizations: AUCKLAND, Vietnam, U.S ., Australia, Major League Soccer, American, Thomson Locations: United States, Auckland, U.S . East Coast, Canada, East

☆ Factbox: U.S. banks increase reserves for commercial real estate exposure
▼ + stars: | 2023-07-21 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

While regional banks carry the greatest exposure to the commercial real estate (CRE) sector, second quarter earnings show that a number of big banks have prepared for potential defaults, primarily on office loans. However, Borthwick noted the bank's office CRE exposure was low relative to its overall loan portfolio, at 2%. CRE loans represented just 15% of the bank's overall lending book, while only 1% of the CRE loan portfolio was office-related. WELLS FARGO (WFC.N)The bank said it had a $949 million increase in its allowance for credit losses, primarily CRE office loans. WEBSTER FINANCIAL CORP (WBS.N)The regional bank's nonperforming CRE loans ticked up to $47.9 million last quarter from $35.8 million in the first quarter.

Persons: Goldman Sachs, Andrew Kelly, Alastair Borthwick, Borthwick, GOLDMAN SACHS, markdowns, Denis Coleman, Jeremy Barnum, WELLS, Charlie Scharf, Bruce Van Saun, Dominic Ng, East, James Leonard, MORGAN STANLEY, Webster, Glenn MacInnes, John Ciulla, Matt Tracy, Michelle Price, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, U.S, AMERICA CORP, GOLDMAN SACHS GROUP INC, Goldman, JPMORGAN CHASE &, JPMorgan, Citizens, EAST WEST BANCORP, East, BANCORP, WEBSTER FINANCIAL, Thomson Locations: New York City , New York, U.S, California, CRE

☆ Canadian port workers back on strike after voting down government-brokered deal, returning supply chain to 'turmoil'
▼ + stars: | 2023-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.

Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia

☆ How a Vast Demographic Shift Will Reshape the World
▼ + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com time to read: +18 min

1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.

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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what's stopping cities from converting offices into apartmentsSome U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the Covid pandemic remote work boom reshaped cities. Declines in office leasing activity is constraining funding for services like education and transit, leading some local leaders to prioritize conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. East Coast.

Organizations: U.S . Locations: U.S, U.S . East Coast

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