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☆ JPMorgan says buy these power producers on the 'paradigm shift' in electricity demand from AI data centers
▼ + stars: | 2024-10-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year

Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

ASHEVILLE, N.C. — When schools here reopen for the first time since Hurricane Helene unleashed a frightening deluge on western North Carolina, teachers won’t simply pick up where they left off in their lesson plans. While all Asheville City Schools students and staff members have been accounted for, they are grieving the deaths of other members of their community. “We’re not going to be able to just jump right into academics,” Asheville City Schools chief of staff Kim Dechant said. The city has restored water for toilets and handwashing at all other district schools, Dechant said. And with schools being closed for over a month, teachers will inevitably have to account for students’ learning loss.

Persons: Hurricane Helene, won’t, They’ll, We’re, Kim Dechant, “, Dechant, Maggie Fehrman, “ It’s, ”, Trenton Williams, Rosalyn, Elzy Lindsey, Kathy Park, Elizabeth Chuck Organizations: Asheville City Schools, Schools, Asheville, River Arts Locations: ASHEVILLE, N.C, —, North Carolina, Asheville, Asheville’s, River Arts District, New York

Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. An estimated 70% of the world’s internet traffic travels through Data Center Alley each day. “Small modular nuclear reactors will play a critical role in positioning Virginia as a leading nuclear innovation hub,” said Virginia Gov. “Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace,” said X-energy CEO J. Clay Sell.

Persons: It’s, there’s, ”, Matthew Garman, Bob Blue, Glenn Youngkin, Youngkin, Garman, Ken Griffin, Clay Organizations: Amazon, Services, Washington State, AWS, Amazon’s, Dominion Energy, Nuclear, Google, Kairos, Constellation Energy, Microsoft, Dominion, Gov, Energy, Fund, Citadel, Ares Management Corporation, NGP, University of Michigan, Talen Energy, Susquehanna Steam Electric Locations: Virginia, Washington, Dominion’s, SMRs, ” Virginia, U.S, Northern Virginia, Loudon County, Washington State, Northwest, Maryland, Salem Township , Pennsylvania, Talen

☆ The sun is at its 11-year maximum. That means another year of eruptions that can endanger satellites, ground flights, and spark stunning auroras.
▼ + stars: | 2024-10-16 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

NASA says the sun is in the highly active "maximum phase" of its 11-year solar cycle. That means there will probably be big solar storms bringing beautiful aurora in the next year or so. Solar eruptions can also disrupt GPS, delay flights, and even knock out power grids. NASA announced Tuesday that the sun is in the "maximum phase" of its 11-year solar cycle, which basically means it's hyperactive. National Weather Service in Shreveport, LABut solar eruptions can also endanger satellites, astronauts, and even power grids here on Earth.

Persons: —, Kelly Korreck, Morgan McFall, Johnsen, Elsayed Talaat, Bill Murtagh, Murtagh, Lisa Upton, they'd, it's, Upton Organizations: NASA, Service, National Weather Service, NASA's, National Oceanic, Atmospheric Administration, NOAA, Prediction Locations: Arizona, California, Shreveport , Louisiana, Shreveport, LA, NASA's Heliophysics, Sweden, Arkansas, San Francisco

☆ Amazon goes nuclear, to invest more than $500 million to develop small module reactors
▼ + stars: | 2024-10-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. "Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace," said X-energy CEO J. Clay Sell. Last spring, AWS invested in a nuclear energy project with Talen Energy , signing an agreement to purchase nuclear power from the company's existing Susquehanna Steam Electric Station, a nuclear power station in Salem Township, Pennsylvania. AWS also purchased the adjacent, nuclear-powered data center campus from Talen for $650 million.

Persons: It's, there's, Matthew Garman, Bob Blue, Glenn Youngkin, Youngkin, Garman, Ken Griffin, Clay Sell Organizations: Amazon, Services, Washington State, AWS, Dominion Energy, Nuclear, Google, Kairos, Constellation Energy, Microsoft, Dominion, Gov, Energy, Fund, Citadel, Ares Management Corporation, NGP, University of Michigan, Talen Energy, Susquehanna Steam Electric Locations: Virginia, Washington, Dominion's, SMRs, U.S, Northern Virginia, Loudon County, Washington State, Northwest, Maryland, Salem Township , Pennsylvania, Talen

☆ Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Wall Street has been lowering its third-quarter growth estimates for months now. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months. Nearly 10% of S & P 500 companies have already reported results, with more than 79% beating earnings estimates, according to FactSet. Analysts' estimates for earnings per share have been cut by 80.3% over the past three months and 85% over the past six months. Analysts have cut their earnings per share estimates on Tesla by 24.1% over the past three months and 30.8% over the past six months.

Persons: That's, Morgan Stanley, Joe Laetsch, Laetsch, FactSet, Christopher Dendrinos, Dendrinos, Tesla, Wells Fargo Organizations: CNBC Pro, Valero Energy, Wall Street, Valero, RBC Capital Markets, Tesla Locations: U.S, Wells

Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.

Persons: “, Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, …, ” Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh

☆ Google is taking the nuclear option to power soaring demand for AI. Here's why it's such a big deal.
▼ + stars: | 2024-10-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

The search giant has struck a deal to bring new nuclear plants online to power its AI data centers. Google became the first tech giant to broker a deal for entirely new nuclear power plants after it unveiled a partnership with industry firm Kairos Power on Monday. AdvertisementGoogle CEO Sundar Pichai had previously hinted that his company was evaluating investment opportunities in nuclear power. That 86-page report didn't mention nuclear power, bar a single endnote. AdvertisementBy one estimate, a search request on OpenAI's buzzy chatbot demands around 10 times as much electricity as a general Google search.

Persons: —, Power, Sundar Pichai, Justin Sullivan, Getty, Michael Terrell, Ethan Mollick, FQtUsE0L9d, lChspwoZjC, OpenAI, Yann LeCun, Sam Altman, Altman Organizations: Google, Service, Big Tech, Wharton, Microsoft, Constellation, Amazon, Talen Energy, Susquehanna, Electric, Helion Energy Locations: East Tennessee, Baltimore, Pennsylvania, Davos, Big

☆ Data centers will prolong coal demand, benefiting these miners, Moody’s says
▼ + stars: | 2024-10-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The power needs of data centers will temporarily prolong the demand for coal, maintaining the reliability of the electric grid but delaying the nation's decarbonization goals, according to Moody's Ratings. The electricity demand from data centers could more than double to 35 gigawatts by 2030 compared to 17 gigawatts in 2022, according to a Moody's report published Monday. "It can be cost effective for them to supply coal to those power plants, and those power plants can, in turn, meet the incremental demand coming in from the new data centers," Sama said. The benefit to U.S. coal producers, however, will be temporary as data center developers transition to cleaner sources of power, according to Moody's. But sustained coal demand in the U.S. due to data centers could briefly lift prices before coal resumes its decline after a few years, according to Moody's.

Persons: Elena Nadtotchi, Sandeep Sama, Sama, Joseph Craft, Consol Organizations: Coal, Resource Partners, Arch Resources, Consol Energy, CNBC, Resources, Energy Information Administration, Department of Energy, PJM, Alliance, Wall Street Locations: U.S, Appalachia, Virginia

☆ Buying a home? Here are some key steps to consider from top-ranked advisors
▼ + stars: | 2024-10-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Therefore, if you are looking to buy a home, there are certain steps you should take to prepare for the purchase, according to several advisors ranked in CNBC's 2024 Financial Advisor 100 List. 23 on the 2024 CNBC FA 100 list. 61 on the 2024 CNBC FA 100 list. 7 on the 2024 CNBC FA 100 list. 38 on the 2024 CNBC FA 100 list.

Persons: you'll, It's, Brian Brady, Stephen Cohn, Ron Brock, Shaun Williams, Ryan D, Dennehy, Bankrate, Realtor.com, Steven LaRosa, Williams, Angi, Brady, it's, Cohn Organizations: Obermeyer, Investment, CNBC, Sage Financial Group, Brock Investment, Paragon Capital Management, California Financial Advisors, Edgemoor Investment Locations: Aspen , Colorado, West Conshohocken , Pennsylvania, Indianapolis , Indiana, Denver , Colorado, California, San Ramon , California, Bethesda , Maryland, Florida

☆ I left London for a little town in Latvia. It lacks certain luxuries, but it's a safer, easier place to raise a kid.
▼ + stars: | 2024-10-15 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Vitor Urbano moved from London to Latvia for a quieter life before his child was born. AdvertisementThis as-told-to essay is based on a transcribed conversation with Vitor Urbano, a freelancer who moved from London to Latvia. I moved from Sintra, Portugal, to London in 2011. We chose Latvia so my partner could have better opportunitiesThere were two obvious choices of where to live: Portugal or Latvia, where my girlfriend is from. Across the board, things are more expensive in London, but the remuneration is way higher than in Latvia.

Persons: Vitor Urbano, —, I'd, that's Organizations: Service, London Locations: London, Latvia, Sintra, Portugal, EU, Saldus, Latvian

☆ Parents of slain Hamas captive push for deal, warning remaining hostages won't 'make it much longer'
▼ + stars: | 2024-10-14 | by ( Erin Mclaughlin | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +8 min

“He was kept in a tunnel that was 60 feet underground, with no electricity and no plumbing,” Rachel Goldberg-Polin said. “We knew he was held captive, in a war zone by a terror organization, with one arm missing,” Jon Polin said. “They don’t show up at your door at 4 o’clock in the morning with good news,” Jon Polin said. “Hamas committed a horrific massacre inside of Israel,” Jon Polin said. Jon Polin is worried about becoming “mired in a forever war.”The region has “been on this trajectory for decades, truly for centuries,” Rachel Goldberg-Polin added.

Persons: JERUSALEM, Hersh Goldberg, Polin, Goldberg, Jon Polin, Rachel Goldberg, ”, “, ” Goldberg, Benjamin Netanyahu, admonishing, Israel’s, ” Rachel Goldberg, Aner Shapiro, Polin’s, ” Jon Polin, Carmel Gat, Eden Yerushalmi, Alexander Lobanov, Almog Sarusi, Ori Danino, “ It’s, Hersh, Netanyahu, Joe Biden, ‘, ’, Martin Luther King’s, ” Erin McLaughlin, Alexander Smith Organizations: NBC News, Seven, Palestinian enclave’s Health Ministry Locations: Gaza, Jerusalem, Israel, It’s, Lebanon, Iran, Berkeley , California, London

☆ I'm a tech founder who's had to flee Lebanon. The conflict has spiraled at a terrifying rate, but the tech community is still pressing ahead.
▼ + stars: | 2024-10-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

It exposed me to the amount of tech talent in the region. I felt guilty about leaving my team behind, but I'm determined to keep platforming tech talent in Lebanon and support the people who want to keep working. Many people don't know Lebanon has a vibrant tech sceneIn recent years, the tech sector in Lebanon has been booming. On multiple occasions, I'd leave Beirut to stay with friends in the mountains during the night. AdvertisementI didn't want to leave Lebanon and my team, but the UK government were urging British nationals to leave.

Persons: Laura Jardine Paterson, —, I'd, I've, we've, there'd, there's, Paterson, I'm, They've Organizations: Service, Tech, Business Locations: Lebanon, London, Palestinian, Syrian, Europe, Syria, Egypt, Jordan, UAE, Beirut, Israel, Southern Lebanon

☆ 'Let chaos reign': AI inference costs are about to plummet
▼ + stars: | 2024-10-14 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

All kinds of startups are rushing into the AI inference market. AdvertisementJared Quincy Davis and his AI computing startup Foundry sell inference. And cost in inference computing is even more important than in training, Groq cofounder Jonathan Ross recently told BI. In other words, "it turns out, when you make inference cheaper, people decide to do a lot more inference," Davis said. He agrees the next few years will be wildly competitive for inference providers, but he believes the winners will be decided on merit.

Persons: —, Jared Quincy Davis, Davis, Jonathan Ross, Mitesh Agrawal, Agrawal, it's, Jensen Huang, Davis isn't, Intel Andy Grove, Sriram Viswanathan, Viswanathan, Hugh Langley Organizations: Service, Foundry, SambaNova Systems, Lambda, Nvidia, Microsoft, Business, o1, Intel, Celesta Capital

☆ NASA’s Europa Clipper spacecraft will launch to find whether life could exist on an icy ocean world
▼ + stars: | 2024-10-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

NASA’s Europa Clipper spacecraft — designed to explore its namesake, Jupiter’s moon Europa — is expected to launch aboard a SpaceX Falcon Heavy rocket Monday at 12:06 p.m. If Europa Clipper doesn’t take off Monday, there are launch opportunities through November 6. NASA's Europa Clipper spacecraft carries a special message from humanity onboard. There was no harder year than this one to get Europa Clipper over the finish line, said Curt Niebur, Europa Clipper program scientist. That’s what’s waiting us at Europa.”The Europa Clipper spacecraft is seen atop a SpaceX Falcon Heavy rocket at NASA's Kennedy Space Center on October 13.

Persons: Mike McAleenan, Tim Dunn, Hurricane Milton, ”, Robert Pappalardo, Ada Limón, Curt Niebur, ” Niebur, “ It’s, we’ve, That’s, Haje Korth, ” Korth, ” Pappalardo Organizations: CNN, Clipper, SpaceX, NASA’s Kennedy Space Center, 45th Weather Squadron, US Space Force, NASA’s, Hurricane, Europa Clipper, Jet Propulsion Laboratory, US, NASA, JPL, Caltech, Kennedy Space Center, European Space Agency, Europa, Johns Hopkins, Physics Laboratory Locations: Florida, Pasadena , California, Europa

☆ Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 20% upside
▼ + stars: | 2024-10-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs has refreshed its lists of top global stock picks, adding some and removing others. There have also been plenty of additions to the Directors' Cut, including the following three stocks which Goldman also gives more than 20% upside potential over the next 12 months. Goldman has a 12-month target price of £52 ($68) on the stock, implying nearly 33% potential upside. The bank's analyst Andrew Baker likes that the company is "well positioned for central bank policy rate easing." Goldman has a target price of 7.80 Singapore dollars on the stock, implying 20.4% potential upside.

Persons: Goldman Sachs, Goldman, Experian, Suhasini, Assicurazioni Generali, Andrew Baker, Baker, Keppel, Xuan, Tan, — CNBC's Michael Bloom Organizations: Companies, Qantas Airways, Shell, London Stock Exchange, U.S, Milan Stock Exchange, Keppel, Singapore Exchange Locations: Asia, Europe, Danish, Suhasini Varanasi, Italy, Goldman's Asia, Singapore, U.S

☆ 'Free Solo' climber Alex Honnold often sees melted glaciers on his climbs. It's changed the course of his career.
▼ + stars: | 2024-10-14 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

'Free Solo' climber Alex Honnold witnessed the effects of climate change throughout his career. It inspired him to start the Honnold Foundation in 2012, a non-profit that builds renewable energy resources around the world. He's seen 'dramatic' landscape changes on his climbsHonnold and Caldwell previously planned an ice climb in Patagonia, Argentina. Related storiesHis foundation focuses on communitiesIn 2023, the Honnold Foundation helped launch the first community-led microgrid project in Puerto Rico. "The Devil's Climb" premieres October 17 at 9pm EST on National Geographic and streams the next day on Disney+ and Hulu.

Persons: Alex Honnold, He's, Tommy Caldwell, Caldwell, Renan Ozturk Honnold, Honnold, Matt Pycroft, Hurricane Maria, Adam Skolnick, Skolnick Organizations: Honnold Foundation, Service, Geographic, Hurricane, Disney Locations: Patagonia, Alaska, Argentina, Puerto Rico, Detroit, Memphis, Hulu

☆ For God, for country, for rain
▼ + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com time to read: +24 min

It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."

Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, —, Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan

Here’s the latest:• Gas stations still waiting for fuel: Just under 30% of the state’s gas stations have no fuel as of early Sunday, according to the monitoring website GasBuddy.com. In the hard-hit Tampa-St. Petersburg area, more than three quarters of stations, 77%, are out of gas. Some people told CNN they’ve had to use word of mouth to find out which stations have gas. Paula Cast told CNN her family visited four or five different gas stations Friday, but everything was closed. Then on Saturday, they got a call from one of their friends saying a Wawa station had gas.

Persons: Joe Biden, Ft ., Kevin Guthrie, Ron DeSantis, Crews, ”, Mike Jefferis, •, Biden, Hurricane Milton ”, Milton, Hillsborough County Sheriff Chad Chronister, ” Chronister, they’d, Chronister, CNN they’ve, Paula Cast, we’ve, CNN’s Sam Fossum Organizations: CNN, White House, • Gas, state’s Division, Emergency Management, Patrol, ”, FEMA, Hurricane, Hillsborough County Sheriff, National Weather Service, Hillsborough Locations: Milton, Florida, St, Petersburg, Tampa, Sarasota, Ft, Ft . Myers, Naples, Orlando, state’s, Plant City, Bradenton, Charlotte, Pinellas, Hillsborough, • St, Hillsborough County, Tampa Bay, Hillsborough , Sarasota, Manatee, Lithia , Florida, Valrico, Oldsmar, Pinellas County ., Wawa, Valrico , Florida

☆ I moved from the US to South Africa 3 years ago. It's easier to achieve the American dream here.
▼ + stars: | 2024-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Christian Salafia, a 51-year-old semi-retired American, moved to South Africa in 2021. I moved to South Africa for my now-wife three years ago. Courtesy of Christian SalafiaDiscovering South AfricaWhen I stepped out of the plane for the first time in South Africa, I felt immediately relaxed. Christian Salafia and his wife Kim when he moved permanently to South Africa in August 2021. Everyone here knows South Africa has its problems — electricity, water, corruption, and crime — but it doesn't seem to faze anyone.

Persons: Christian Salafia, —, I've, Kim, Covid, Salafia, we're, you've, it's Organizations: Service, US Navy, Facebook, Christian, Central America Locations: American, South Africa, Florida, New, Tallahassee , Florida, Africa, Western, Romania, Namibia, Tanzania, Botswana, Central

☆ China’s ‘New Great Wall’ Casts a Shadow on Nepal
▼ + stars: | 2024-10-12 | by ( ) www.nytimes.com time to read: +14 min

Hilsa Village NEPAL CHINA Area of detail CHINA Humla District NEPAL Kathmandu INDIA 75 miles NEPAL CHINA Hilsa Village CHINA Area of detail Humla District NEPAL Kathmandu INDIA 75 miles Source: OpenStreetMap, ESRI By Agnes ChangThe Nepalis have other complaints, too. “This is the new Great Wall of China,” said Jeevan Bahadur Shahi, the former provincial chief minister of the area. Without proper roads, it takes goat herders three days to cover the seven miles from Simikot, Nepal, to Humla. CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDERThe Chinese side used to be nearly as remote, the seclusion broken only by a flow of pilgrims to Mount Kailash, which is holy to four faiths. Just 20 miles away is the junction of China, Nepal and India.

Persons: Nepalis, Agnes Chang, Dalai Lama, ”, Jeevan Bahadur Shahi, Xi’s, Xi, Brian Hart, ” Mr, Hart, Arzu Rana Deuba, —, Saud, Saud’s, “, Mr, Deuba, Pan Yue, China “, Shahi, Lhamu Lama, Hilsa, Pema Wangmu Lama Organizations: Chinese Communist Party, Covid, China Power, Center for Strategic, International Studies, Liberation Army, U.S . Department of Defense, The New York Times, Nepali Home Ministry, The Times, Communist, Security, Guard, Times, National Ethnic Affairs, Nepali Locations: Tibet, Nepal, Nepal’s Humla District, China, Hilsa, NEPAL CHINA, CHINA Humla District NEPAL Kathmandu INDIA, NEPAL CHINA Hilsa, CHINA, Humla, NEPAL Kathmandu INDIA, ESRI, Nepali, Nepal’s Humla, Simikot, Beijing, Washington, Philippine, India, Humla District, N.P, Hulma, Kathmandu, Vietnam, People’s Republic of China, CHINA NEPAL CHINA, NEPAL, Mount Kailash, Xinjiang, Purang, ”, Bhutan, District

☆ Helene and Milton put this net-zero, hurricane-proof community to the test. The lights stayed on as everything else went dark
▼ + stars: | 2024-10-12 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +7 min

Most of the residents living in Hunters Point heeded the mandatory evacuations ahead of Hurricane Milton’s landfall but Fulford, 76, stayed behind with wife, Sueann, just as they did during Hurricane Helene last month. The storm obliterated vast parts of Florida, including the surrounding areas of Hunters Point like Anna Maria Island and Bradenton. Rebecca Blackwell/APMilton knocked out power for more than 2.5 million customers across the state, including in Manatee County, where Hunters Point homes are located. Julian Quinones/CNNWhen Gobuty started the design process for Hunters Point, it was imperative the homes be able to withstand Category 5 hurricanes. Instead, Milton drove the worst storm surge across a 65-mile stretch of coast between Siesta Key and Fort Myers Beach.

Persons: William Fulford, Fulford, Milton, Sueann, Helene, “ I’m, ” Fulford, Anna Maria, Hurricane Milton, Maria, Rebecca Blackwell, AP Milton, ” Marshall Gobuty, ”, Julian Quinones, Gobuty, there’s, ” Gobuty Organizations: CNN, Bradenton, Pearl Homes, Hurricanes, AP, Fort Myers Locations: Virginia Beach , Virginia, South Florida, Sarasota Bay, Tampa Bay, Bradenton Beach, Fulford, Siesta, Florida, Bradenton, St . Petersburg, Pines, Park, Maria Island , Florida, Manatee County, Milton, Virginia, Fort Myers Beach

Florida communities grapple with destruction after Hurricane Milton. And Barack Obama talks about “real strength” at a rally for Kamala Harris. Florida embarks on road to recovery after MiltonAt least 16 people have been confirmed dead in Florida after tornadoes touched down and Hurricane Milton slammed into the state this week, leaving a trail of damage and devastation. Milton was the fifth hurricane to hit Florida’s barrier islands in two years, but steadfast residents say living there is worth the risk. More Hurricane Milton coverage:1 dead, 23 rescued after Colorado tourist mine malfunctionAt least one person is dead after an elevator equipment malfunction at a tourist mine in Colorado.

Persons: Hurricane Milton, Barack Obama, Kamala Harris, Milton, ” Fort Myers Beach Mayor Dan Allers, Kathleen Mine, Fisher, Price, Price Snuga, Richard Trumka Jr, “, ”, Obama, Trump, Harris, I’ve, Tim Walz, Read, ➡️ Harris, Howard Stern, Joy Behar, Stephen Colbert, Harris sidestepped, Joe Biden, ➡️, ➡️ Trump, Russian Vladimir Putin, Putin, Angela Alsobrooks, Larry Hogan, — Richie Duchon, Elizabeth Robinson Organizations: Hurricane, The Clearwater Police Department, Coast Guard, ”, ” Fort Myers, ” Fort Myers Beach Mayor, Tampa International, Disney, Universal Studios, Hurricane Milton, U.S . Consumer Product Safety, Fisher, Minnesota Gov, ➡️, Univision, White, Trump, Republican, NBC, Getty, Hurricanes Locations: Florida, Hurricane, Clearwater, Gulf of Mexico, ” Fort, ” Fort Myers Beach, Sarasota, Orlando, Colorado, Teller County, Denver, Pittsburgh, North Carolina, Detroit, Russian, York, Maryland

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

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