DIRS.INFO The most relevant business & tech news

The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. "We have good support," Fischer told Reuters. The legislation also has the support of Senator Kevin Cramer from North Dakota, a co-sponsor of the bill. Cramer's support is significant, as North Dakota is one of the top oil-producing states, Fischer said. Organizations including the API, the Renewable Fuels Association (RFA) and the National Farmers Union wrote to congressional leaders this month to urge them to adopt legislation to expand nationwide E15 sales.

Organizations including the American Petroleum Institute (API), Renewable Fuels Association and the National Farmers Union wrote to congressional leaders to urge them to adopt legislation that would effectively lift restrictions on E15 sales. API's support is a win for the biofuel and farm groups because the oil industry has at times resisted efforts to expand the market for ethanol. The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. Expanding national sales of E15 would also resolve long-standing differences among the groups about the fuel regulations, the letter said. Reporting by Stephanie Kelly; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ 'No buyers in sight': A senior economist says home prices will fall by 25% as supply and demand dynamics in the housing market have created a perfect environment for declines
▼ + stars: | 2022-11-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But as the Federal Reserve tightens policy to cool inflation, demand for homes is falling. If inflation does fall quickly and the Fed pivots to dovish policy, the declines won't be as big, Torres said. Supply and demand dynamics have created a 'perfect storm'Torres believes supply and demand dynamics have moved in a way that will create significant declines ahead. Affordability paints the picture for Torres' bearishness on demand, with the monthly housing costs historically high relative to incomes. This headwind is already causing home values to fall, with two consecutive months of price declines earlier this year."

☆ Everyone's been wrong about inflation, and it's costing workers in salary negotiations
▼ + stars: | 2022-11-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Inflation eased in October, but it stayed well ahead of most workers' year-over-year pay increases. While American workers are experiencing the strongest wage growth in many years, fueled by strong demand for labor, inflation has continued to overpower pay gains for most workers. Average hourly earnings, for instance, rose 4.7% in October, continuing to trail even the slower inflation rate. Several things have held back workers in their salary negotiations, including the decline of unions, stagnant minimum wages, globalization, and perhaps even some corporate greed. With demand for labor so high, some experts have wondered why Americans' wages haven't grown by even more.

NEW YORK, Nov 10 (Reuters) - A Republican U.S. senator plans to submit federal legislation with the support of a major oil industry trade group that would expand national sales of E15, a higher ethanol-gasoline blend. If the bill passed, it would be a win for U.S. corn farmers and the ethanol industry. The governors' proposal raised oil industry concerns about fuel supplies. The bill would represent just the latest push to win nationwide, year-round sales. A federal appeals court last year struck down the Trump's administration approval of year-round E15 sales, arguing it did not have the authority.

☆ Arson suspect arrested after 7 fires set across Mississippi's capital city
▼ + stars: | 2022-11-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

— Authorities have arrested a suspect in connection with seven fires set across Mississippi’s capital city early Tuesday. At least two of the buildings set ablaze in Jackson were churches; one was burned to the ground. Another fire broke out on fences surrounding the baseball practice field at Jackson State University, a historically Black public university. We have about a third of our department on sites.”A fireman observes the remains of a burned Epiphany Lutheran Church in Jackson, Mississippi, on Nov. 8, 2022. Jackson Mayor Chokwe Antar Lumumba addressed the fires at a Tuesday city council meeting.

The all-inclusive figure that forms the basis for the Fed's target is likely to come in around 6%. SUPPLY, DEMAND, COMPETITIONThere has been sharp rhetoric about high corporate profits driving inflation - and indeed businesses like auto dealers enjoyed large markups during the pandemic, when demand surged and supply was limited. Based on those and other metrics, shelter inflation already may be declining even if government data doesn't show it yet. While that may not be the source of inflation, Fed officials feel that more balance between labor demand and supply will help ease price increases. "This pattern supports our view that wage growth and price inflation will moderate without a recession," Briggs wrote.

☆ LG Energy Solution swings to Q3 profit on strong EV battery demand, beats estimates
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 26 (Reuters) - Tesla Inc supplier LG Energy Solution Ltd (LGES) (373220.KS) on Wednesday swung to a profit in the third quarter on the back of strong electric vehicle (EV) battery demand and favourable foreign exchange rates. South Korea's LGES, which also sells EV batteries to automakers including General Motors Co (GM.N), Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) among others, reported operating profit of 522 billion won ($365.12 million)for the July-September period, compared with a 373 billion won loss a year earlier and a Refinitiv SmartEstimate of 488 billion won profit drawn from 17 analysts. Revenue for the quarter rose 90% to 7.6 trillion won, LGES said in a regulatory filing. Shares of LGES, carved out of LG Chem Ltd (051910.KS) in a market debut in January, were trading up 1.8% in morning trade, versus the benchmark KOSPI's (.KS11) 0.3% rise. ($1 = 1,429.6500 won)Reporting by Heekyong Yang and Jihoon Lee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. EPA opens civil rights probe into Mississippi capital's water crisis
▼ + stars: | 2022-10-21 | by ( Daniel Trotta | ) www.reuters.com time to read: +2 min

Oct 20 (Reuters) - The U.S. Environmental Protection Agency on Thursday opened an investigation into Mississippi state agencies to determine if they violated civil rights in the majority Black city of Jackson in the course of funding of the city's water infrastructure. Representatives of those two departments and the office of Governor Tate Reeves did not immediately respond to Reuters requests for comment. Even before that crisis, the city had been under a boil water notice due to "elevated turbidity levels," meaning the water appear cloudy. That followed a string of disruptions to the city's water supply in recent years caused by high lead levels, bacterial contamination and storm damage. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daniel Trotta; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

The civil rights organization alleged that the state’s rollout of federal dollars has favored whiter communities, even as Jackson has struggled to comply with state and federal guidelines meant to protect drinking water quality. The NAACP’s federal complaint raises concerns about a loan program overseen by the state Department of Health that distributes federal funding to communities to improve their water systems. Problems with water billing and collections have also resulted in Jackson missing out on sorely needed revenue that could go toward repairs. The EPA’s inquiry comes just days after the launch of a congressional investigation concerning the city’s water crisis. Reps. Bennie Thompson, D-Miss., and Carolyn Maloney, D-N.Y., have asked Reeves to answer a series of questions about how the state has spent or plans to spend federal funds that can upgrade water systems in the state.

☆ Kia shares edge up in choppy trade after booking extra $1.1 bln provision
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Oct 19 (Reuters) - Shares of South Korea's Kia Corp (000270.KS) reversed losses and edged up on Wednesday after the automaker said on Tuesday that its third-quarter earnings will reflect an additional provision of 1.54 trillion won ($1.08 billion) for engine recalls from years ago. Kia's shares fell shortly after the market open. Hyundai Motor (005380.KS) and affiliate Kia on Tuesday said they will book a combined 2.9 trillion won ($2 billion) provision in their third-quarter results. read moreShares of Hyundai Motor (005380.KS) were trading up 0.9%, versus benchmark KOSPI's (.KS11) 0.2% rise as of 0025 GMT. ($1 = 1,424.6400 won)Register now for FREE unlimited access to Reuters.com RegisterReporting by Heekyong Yang and Joyce Lee; Editing by Kim Coghill & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Insana: Signs emerge that the big drivers behind this hot inflation reading are starting to cool
▼ + stars: | 2022-10-14 | by ( Ron Insana | ) www.cnbc.com time to read: +2 min

People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Whether the financial markets have correctly priced in "peak inflation" and a potential Federal Reserve pivot is a topic for another day. But there is ample evidence that the inputs that drove inflation higher, especially in the goods sector, are heading back to Earth. A disinflation checklist may be in order here, despite what appears to be more sticky inflation in services and wages. Let's start with what some, myself included, believe to be the root cause of this most recent inflation spike, the pandemic-induced disruption of global supply chains.

☆ New court papers reveal Favre texts in Mississippi welfare scandal
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew court papers reveal Favre texts in Mississippi welfare scandalCNBC's Perry Russom joins Shep Smith to report that former NFL quarterback Brett Favre is facing a growing backlash over his alleged role in Mississippi's welfare scandal. He has not been charged with any crimes.

Circuit Court of Appeals, told the Senate Judiciary Committee in her confirmation hearing in Washington that she would follow the June ruling despite having fought to preserve abortion rights. read more"Dobbs is now the law of the land, and I will follow it, as I will follow all Supreme Court precedents," Rikelman said, referring to the Supreme Court case by its name, Dobbs v. Jackson Women's Health Organization. Democrats are seeking to highlight Republican opposition to abortion rights ahead of the Nov. 8 midterm elections in which control of Congress is at stake. The conservative-majority Supreme Court overturned its landmark 1973 ruling Roe v. Wade that had legalized abortion nationwide. But Rikelman said her personal views do not matter because as a lower court judge, she would be bound by U.S. Supreme Court precedent, including its decision in the Dobbs case, which she promised to "absolutely" follow.

A group of Jackson, Mississippi, residents filed a class action lawsuit on Friday over the water crisis that left over 150,000 people in the city without access to clean running water. As a result of water crisis, the plaintiffs in the lawsuit allege they weren't able to "readily go about normal daily activities like using the bathroom, brushing [their] teeth, and cooking." Late last month, Lumumba told reporters the city had been dealing with the water crisis "for the better part of two years." Tate Reeves declared a state of emergency late August, saying the water crisis in Jackson threatened “critical needs” after rain and flooding pushed the Pearl River to dangerous levels, according to officials. A team from the Environmental Protection Agency’s inspector general’s office is conducting a top-to-bottom review of what caused Jackson's water crisis.

☆ Mississippi Gov. Tate Reeves says it's 'a great day to not be in Jackson,' where residents went without clean running water for weeks
▼ + stars: | 2022-09-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

More than 150,000 people in Jackson — Mississippi's largest city and capital — went without clean running water for weeks. Tate Reeves said it was "a great day to not be in Jackson." Tate Reeves called it "a great day to not be in Jackson" on Friday, referring to the state's capital, which has been deprived of clean running water for weeks. It's also, as always, a great day to not be in Jackson," he said, according to local television station 16 WAPT News. The city lost access to clean running water after severe flooding in late August damaged its main water treatment facility.

☆ There's a surprising upside to inflation: Workers in 8 states will get a raise
▼ + stars: | 2022-09-13 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

In eight states, the minimum wage rises to track year-over-year inflation from August to August. But there's one silver lining of inflation still lingering high in August: Minimum-wage workers in a handful of states are set to get raises. "Worker wages are in fact declining in real value, and so indexing the minimum wage to inflation helps alleviate the challenges posed by inflation." The minimum wage will remain $7.25 in many states, thoughThe inflation-linked increases will also only widen the chasm in pay for minimum wage workers in states that haven't touched their minimum wage in years. A recent study found that increasing the minimum wage to $15 an hour would lift 7.6 million people out of poverty.

☆ Supreme Court overturns Roe v. Wade, undoing nearly 50 years of legalized abortion nationwide
▼ + stars: | 2022-06-24 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +7 min

The Supreme Court overturned Roe v. Wade, the landmark ruling that legalized abortion across the US. "For millions of women, Roe and Casey have been critical in giving them control of their bodies and their lives. President Joe Biden and Democratic leaders across the nation swiftly condemned the Supreme Court's ruling on Friday, while Republicans celebrated it. An increased police presence has gathered in Washington, DC, in response to protests outside the Supreme Court. However, legal experts say those are likely to fail, given the Supreme Court has handed off abortion decision-making to the states.

☆ It's not just inflation — corporate greed is also partially to blame for the rising prices you're paying
▼ + stars: | 2022-02-12 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

He said inflation is measured using a "market basket" of goods and services. The CPI can't fully explain inflation's rise — some price increases go to corporate profits, he says. Our own experience as consumers informs us that prices on various goods and services are rising, and the inflation rate, derived from the CPI, confirms that our experience is true. But what the CPI can't explain — at least, not fully — is how and why inflation is rising. The United Kingdom, for example, reported a 5.4% inflation rate in December.

☆ Mississippi banned most abortions to be the 'safest state' for the unborn. Meanwhile, one in three Mississippi kids lives in poverty.
▼ + stars: | 2021-11-26 | by ( Sarah Fowler | ) www.businessinsider.com time to read: +16 min

Mississippi lawmakers said the ban on most abortions after 15 weeks makes Mississippi 'the safest state in the country' for the unborn. "We've had so many state leaders who have talked about wanting Mississippi to be the safest state in the country for unborn babies. It's even higher for kids: one in three Mississippi children live in poverty. Each of the women has dedicated their life to helping Mississippi women and families. More than 100,000 Mississippi children should be eligible, but in 2019 – the most recent year for which there's data – just 20,900 benefited from the program.

Search resuls for: "Pi's"

20 mentions found