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Omaha man sails into Florida’s imperfect storm
  + stars: | 2023-05-09 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
This imperfect storm suits the Berkshire Hathaway (BRKa.N) CEO’s investing style. Underwriters in the state have been feverishly trying to offload risk following last year’s Category 5 hurricane that was Florida’s deadliest in nearly 90 years. The upside is several billion dollars, Jain said, if Mother Nature turns out to be more forgiving. “If the big hurricane happens in Florida, we could lose – across all the units, we could lose as much as $15 billion. And if there isn’t a loss, we’ll make several billion dollars as profit,” Jain said during Berkshire Hathaway’s annual shareholder meeting in Omaha.
Dortmund crush Wolfsburg 6-0 to stay a point behind Bayern
  + stars: | 2023-05-07 | by ( ) www.reuters.com   time to read: +2 min
DORTMUND, Germany, May 7 (Reuters) - Borussia Dortmund demolished hapless VfL Wolfsburg 6-0 on Sunday, with two goals apiece from Karim Adeyemi and Jude Bellingham, to stay hot on the heels of Bundesliga leaders Bayern with three games left in the season. Dortmund are now on 64 points, one behind Bayern, 2-1 winners against Werder Bremen on Saturday. "We are satisfied today but a long way from happy," said Dortmund coach Edin Terzic. Dortmund host Borussia Moenchengladbach next Saturday while Bayern take on Schalke 04. Instead it was Dortmund who struck again in the 28th when Adeyemi delivered a pin-point assist for Sebastien Haller to tap in.
SYDNEY, May 6 (Reuters) - A decision not to light up the sails of the Sydney Opera House to mark the coronation of King Charles was a cost saving measure, a spokesperson for the state government of New South Wales said on Saturday. Across Australia, where King Charles is head of state, the role of the monarchy is controversial. On Sunday, celebrations at Parliament House are set to include Australian military personnel firing off a 21-gun salute, and an Australian air force fly-past. Prime Minister Anthony Albanese, in London for the coronation, has said he will take the oath of allegiance to King Charles at the ceremony, despite being a republican. In addition to Australia, King Charles is head of state in New Zealand and 12 other Commonwealth realms outside the United Kingdom, although the role is largely ceremonial.
LONDON, May 6 (Reuters) - Police arrested the leader of the anti-monarchy group Republic and 51 others at King Charles' coronation on Saturday, with officers saying their duty to prevent disruption outweighed the right to protest. [1/7] Protesters hold placards as people gather on the day of Britain's King Charles and Queen Camilla's coronation ceremony, in London, Britain May 6, 2023. Most of the anti-monarchy protesters on Saturday had congregated in Trafalgar Square next to the bronze statue of King Charles I, who was beheaded in 1649, leading to a short-lived republic. Since Charles became king last September, there have been protests at royal events. Events to mark the coronation in other countries where Charles is head of state were also low key.
Landing of aircraft at night and in bad weather, for instance - crucial to regular offshore carrier operations - remain far from routine, several of the attaches and analysts said. "Carrier operations are a very complicated game, and China's got to figure this out all by itself. A new plane, the KJ-600, designed to perform a similar role to the E-2C/D Hawkeye launched from U.S. carriers, is still in testing, according to the Pentagon's latest annual report on China's military. Several countries operate aircraft carriers but the U.S. remains the most dominant, running 11 carrier battlegroups with global reach. A September editorial published in a magazine run by a PLA weapons manufacturer, titled "Four great advantages the PLA has in attacking Taiwan", did not mention the role of Chinese carriers.
The movies, which feature ambushes, looting and a drunken captain, are far from real life, according to shipping veteran Ralph Juhl. The crew on board an oil tanker operated by Hafnia. Where the ship goes depends on where the demand for oil is and Dixon has sailed to every continent bar Antarctica, he said. An aurora borealis light display in the southern part of Norway, one of the natural spectacles seen by oil tanker captain DSA Dixon during his seafaring life. Oil tanker crew prepare mooring ropes to secure a bunker barge to their vessel for refueling.
The US Navy has announced several visits by its subs to North Atlantic ports in recent years. Since 2020, when Norway allowed NATO subs to use a port near Tromsø, announcements of such visits appear to have increased. 'We're in your backyard'British Royal Navy attack submarine HMS Astute sails to the base at Faslane in November 2009. Russian Navy Yasen-class submarine Kazan at its base in Severomorsk on Russia's Arctic coast in June 2021. During the Cold War, US attack subs operated in the high north to get the Soviets to keep their attack subs close by to protect their ballistic-missile subs.
On April 28, 1983, USS Enterprise arrived in San Francisco after an eight-month deployment. Imagine, then, the frustration felt by sailors and family members alike when a ship ran aground right before it docked. USS Enterprise sails under the Golden Gate Bridge as it returns from a deployment in April 1983. 4,500 sailors and 3,000 family members could now just see each other, but were still far from being reunited. "Our vessel is the Starship Enterprise and this is the USS Enterprise," he later said, "We've got a new drink—Enterprise on the Rocks."
A Litany of Clichés - The New York Times
  + stars: | 2023-04-27 | by ( Michael Massing | ) www.nytimes.com   time to read: +4 min
Ramped up, amped up, ratchet up, gin up, up the ante, double down, jump-start, be behind the curve, swim against the tide, go south, go belly up, level the playing field, open the floodgates, think outside the box, push the edge of the envelope, pull out all the stops, take the foot off the pedal, pump the brakes, grease the wheel, circle the wagons, charge full steam ahead, pass with flying colors, move the goal posts, pour gasoline on, add fuel to the fire, fly under the radar, add insult to injury, grow by leaps and bounds, only time will tell, go to hell in a handbasket, put the genie back in the bottle, throw the baby out with the bathwater, rearrange the deck chairs on the Titanic, have your cake and eat it too, a taste of one’s own medicine, stick to one’s guns, above one’s pay grade, punch above one’s weight, lick one’s wounds, pack a punch, roll with the punches, come apart at the seams, throw a wrench into, caught in the cross hairs, cross the Rubicon, tempt fate, go ballistic, on tenterhooks, hit the nail on the head, a nail in the coffin, joined at the hip, welcome with open arms, rub shoulders with, shoot oneself in the foot, dip one’s toes into, have a leg up, dance to the tune of, the next shoe to drop, in the DNA of, the gold standard, a gold mine, land mines, a run for the money, money to burn, penny-wise and pound-foolish, lap of luxury, off the charts, over a barrel, late to the party, it takes two to tango, behind the eight ball, pride of place, final straw, full throttle, no holds barred, red flag, silver lining, on a silver platter, in the rearview mirror, bargain basement, silos, morph, meme, trope, mind meld, warp speed, inner demons, have skin in the game, game changer, change agent, strong suit, ground game, ground zero, inflection point, tipping point, playbook, page turner, singing from the same hymnal, singing a new tune, straight out of central casting, the devil’s in the details, take the bull by the horns, the canary in the coal mine, chickens coming home to roost, beat a dead horse, pony up, the straw that broke the camel’s back, open a can of worms, buy a pig in a poke, cash cow, rabbit hole, dog days, dog whistle, bells and whistles, tool kit, third rail, the tip of the iceberg, the light at the end of the tunnel, the arc of history, speak truth to power, break the glass ceiling, the writing’s on the wall, between a rock and a hard place, beyond the pale, take the wind out of the sails of, that ship has sailed, sinking ship, tidal wave, roller-coaster ride, gravy train, tanked, cratered, Rubik’s Cube, Rosetta Stone, Rolodex, poster child, problem child, rock star, pundit, national treasure, charter member, heavy hitter, heavy lifting, political football, throw a Hail Mary, full-court press, hit a home run, play with house money, laser-focused, secret sauce, red meat, piece of cake, bread and butter, cherry-pick, low-hanging fruit, sticker shock, kick-start, kick into overdrive, kick the tires, kick the can down the road, where the rubber meets the road, an albatross around the neck, a feather in the cap, long in the tooth, armed to the teeth, cut one’s teeth, rib tickler, spine tingling, pull the wool over the eyes of, pull the plug on, pull the trigger, loosen the reins, sweep under the carpet, throw under the bus, throw for a loop, read the riot act, lead the pack, the short end of the stick, at the drop of a hat, the jury is still out, hung out to dry, as if that weren’t enough, it would be an understatement to say, it would be no exaggeration to say, despite or perhaps because of, what goes around comes around, for all intents and purposes, make a long story short, the fact of the matter, to be sure, truth be told, a who’s who, famously, arguably, literally, zeitgeist, mantra, optics, granular, narrative, interrogate, paradigm, venue, robust, compelling, fever pitch, pitch perfect, picture perfect, perfect storm, take by storm, eye of the storm, back burner, petri dish, echo chamber, hot button, hard wire, go viral, bingeable, blockbuster, on steroids, testosterone-laced, metastasize, contextualize, preternaturally, outsize, gobsmacked, turbocharged, weaponized, apocalyptic, existential …
Iran seizes oil tanker in Gulf, U.S. Navy says
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +5 min
[1/4] Marshall Islands-flagged oil tanker Advantage Sweet, which, according to Refinitiv ship tracking data, is a Suezmax crude tanker which had been chartered by oil major Chevron and had last docked in Kuwait, sails at Marmara sea near Istanbul, Turkey January 10, 2023. Iran's army said it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media reported. The vessel's destination was listed as the U.S. Gulf of Mexico port of Houston, ship tracking data showed. Iran last November released two Greek-flagged tankers it seized in the Gulf in May in response to the confiscation of oil by the United States from an Iranian-flagged tanker off the Greek coast. The U.S. Navy, whose Fifth Fleet is based at the Gulf island state of Bahrain, called on Iran to immediately release the tanker.
The country suffered the consequences of Donald Trump’s election lies on January 6th. And Rupert Murdoch suffered the consequences of those same lies on April 18. But while it is the largest publicly known defamation settlement by a U.S. media outlet ever, the hefty price tag won’t be enough to change Fox News at its core. In some ways it is fitting that the statement Fox News issued as a result of its dishonest conduct was dishonest in and of itself. Outside the embarrassment Fox News would have suffered, the settlement also spared the company and its executives of being bound by the laws of reality during trial.
It's likely a cloud of excess fuel from a SpaceX rocket launched earlier that day. "SpaceX spirals" are rare, but they may be getting more common. These spirals are appearing shortly after SpaceX rocket launches, and are probably residual fuel the rockets released during flight, space physicist Don Hampton told the Associated Press. SpaceX spirals, jellyfish, and smoke rings may happen more oftenThis is the third time in the past year that a Falcon 9 rocket has appeared to produce a SpaceX spiral. A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launches at Cape Canaveral, Florida.
Asia-Pacific markets traded mixed on Wednesday as Wall Street's earnings season continued and U.S. Federal Reserve officials delivered mixed signals on future rate hikes. Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. This would take the U.S. Federal Funds rate to 5% to 5.25%. Bostic's words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%. Australia's S&P/ASX 200 was 0.11% up in early trading, while Japan's Nikkei 225 dipped 0.27% and the Topix fell 0.3%.
The Supreme Court ruled Tuesday that New Jersey can unilaterally withdraw from the longstanding Waterfront Commission Compact it has with New York to police corruption in the shipping industry in the major port the two states share. All nine of the Supreme Court's justices voted to dismiss arguments by New York in favor of forcing New Jersey to stay in the compact. "Since the first hours of our time in office, my Administration has steadfastly pursued the dissolution of the Waterfront Commission because it was the right thing to do," Murphy said. The two-member Waterfront Commission was created in 1953 by New York and New Jersey to address labor corruption in the Port of New York and New Jersey. New York claimed that the agreement "does not allow either State to unilaterally withdraw," Kavanaugh noted in his opinion.
A Fox victory — after it limped into trial amid a series of legal setbacks — would be a major triumph for the network. “In the coming weeks, we will prove Fox spread lies causing enormous damage to Dominion. We look forward to trial,” a Dominion spokesperson said in a statement on the eve of trial. Pretrial dramaThus far, Fox News has faced an uphill battle in court, as the case careened toward trial. The outcome of the trial, however, is not likely to dramatically change the dishonest way in which Fox News operates.
TAIPEI, April 17 (Reuters) - The U.S. warship USS Milius sailed through the Taiwan Strait on Sunday, in what the U.S. Navy described on Monday as a "routine" transit, just days after China ended its latest war games around the island. China, which views Taiwan as its own territory, officially ended its three days of exercises around Taiwan last Monday where it practiced precision strikes and blockading the island. The U.S. Navy sails warships through the strait around once a month, and also regularly conducts similar freedom of navigation missions in the disputed South China Sea. Last week, the USS Milius sailed near one of the most important man-made and Chinese controlled islands in the South China Sea, Mischief Reef. China has continued its military activities around Taiwan since the drills ended, though on a reduced scale.
For years, Chinese fishermen trawling for fish, shrimp and crab have played cat and mouse with Taiwanese authorities as they closely track boats that near the median line of the Taiwan Strait. MEDIAN LINEOn Saturday, Taipei said more than 40 Chinese planes crossed the Taiwan Strait's "median line", which Beijing does not recognise. Deteriorating relations have made Chinese fishermen more afraid of approaching the line. Several times last year, Taiwan's coast guard detained Chinese fishing crew members, citing illegal trawling, according to official statements. ($1 = 6.8681 Chinese yuan renminbi)Reporting by Josh Arslan and Thomas Peter; Writing by Ella Cao and Ryan Woo.
The local utility in charge of overseeing the interconnection process told Pine Gate it would be more than $30 million. Pine Gate had to terminate the project because it couldn't afford the new fees, its vice president of regulatory affairs, Brett White, told CNBC. "Those projects ended up withdrawing from the queue or terminating, because they don't pencil anymore," White told CNBC. "There is Texas, and then there's the rest of the country with respects to interconnection," White of Pine Gate told CNBC. And that means getting those engineers out of some of the rote manual data entry and into the actual analysis," White told CNBC.
[1/2] A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil NobleLONDON, March 30 (Reuters) - Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector. Energy security minister Grant Shapps said the 1,000 pages of documents published on Thursday were focused on energy security, a major focus since the war in Ukraine. There were also further details on a raft of previously announced schemes such as funding for offshore wind, carbon capture, speeding up planning processes for solar and offshore wind projects, rolling out more electric vehicle charging points and encouraging heat pumps in homes. Environmental campaign group Greenpeace said the government's energy plans were not going far or fast enough to tackle climate change.
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse's implosion. Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially breaking all-time highs — and staying there. Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse's implosion. Gold has risen around 10% since early March when SVB was hit by a bank run. "Continued central bank buying of gold bodes well for long-term prices," said CEO Randy Smallwood of Wheaton Precious Metals, a precious metals streaming company.
[1/5] General view of the Colosseum next to a subway's construction sites in Rome, Italy, February 16, 2023. However, flailing public services can make La Dolce Vita seem a remote dream, for both visitors and residents alike. "It is the biggest investment plan Rome has ever had," Gualtieri told Reuters. "Milan was turned around by the EXPO and has become a city capable of attracting capital from all over the world. Rome is an incredible place and second to none," Luca Luciani, head of BAI Communications Italia, told Reuters.
The existence of such a recording, or that it was played for the 23-member special grand jury during the course of its eight-month investigation, has not been previously reported. Ralston and other state legislative leaders never called a special session, and the Georgia House speaker himself testified before the special Fulton County grand jury in July 2022, according to local media accounts. The George elections grand jury also is known to have examined a previously disclosed call Trump made on Jan. 2, 2021, to then-Georgia Secretary of State Brad Raffensperger falsely claiming that the November election results were fraudulent. That report, submitted to the Fulton County district attorney in January before the panel was dissolved, included who the grand jury recommended should be indicted. The special grand jury, unlike a regular grand jury, was not empowered to issue indictments, only recommendations, and the decision on whether to press charges ultimately rests with the district attorney, Fani Willis.
Jurors heard a recording of the call during the grand jury proceedings, AJC reported. The Atlanta newspaper spoke with five of the 23 special grand jury members who took part in Georgia's probe of efforts to overturn the 2020 election by Trump and his allies. According to AJC, Ralston was among the ranks who denied Trump's request. The special grand jury completed its report in January and recommended multiple indictments. "It is not a short list," Emily Kohrs, the forewoman of the grand jury, told The New York Times.
SVB found old concentration risk
  + stars: | 2023-03-10 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, March 10 (Reuters Breakingviews) - Silicon Valley Bank’s closure on Friday by California authorities is a reminder of an old lesson: Don’t put too many eggs in one basket. The bank, owned by SVB Financial (SIVB.O), counted half of all U.S. venture capital-backed startups as clients. When tech took a disproportionate hit from the recent inflationary downturn, clients burned through savings, pulling out their deposits. SVB focused on tech, but its downfall is an old story of concentration risk. The eggs in the basket cracked, and in 1988 alone, 175 Texan banks, accounting for 25% of the state’s banking assets, failed.
CATL’s battery ram is losing power
  + stars: | 2023-03-10 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, March 10 (Reuters Breakingviews) - Chinese battery maker Contemporary Amperex Technology (300750.SZ) posted earnings growth of 61% for the quarter ended December on Thursday. The company led by Robin Zeng boasts unrivalled economies of scale, allowing it to drive down costs for clients including Tesla (TSLA.O). Alas, in China, which accounts for four fifths of CATL’s top line, such dominance is drawing unwanted attention. On Monday, during a meeting between Zeng and Chinese President Xi Jinping, the Party leader expressed mixed feelings about CATL’s 37% global market share. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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