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[1/3] People walk along a rocky beach caused by high surf following winter storms in San Diego, California, U.S., January 17, 2023. The White House said Biden, who on Saturday authorized federal disaster assistance for three hard-hit counties in northern and central California, would be joined by Governor Gavin Newsom and other elected officials. Twisted wreckage of wooden piers torn up along the waterfronts at both locations vividly illustrated the storms' destructive force. The high winds wreaked havoc on the state's power grid, knocking out electricity to tens of thousands of Californians. Reporting by Jeff Mason in Washington; Additional reporting by Trevor Hunnicutt and Katherine Jackson in Washington; Writing by Steve Gorman in Los Angeles.

☆ New Netflix co-CEO Greg Peters is set for a big raise with more than $30 million in potential stock options and bonuses — on top of a $3 million salary
▼ + stars: | 2023-01-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

As co-CEO Peters will receive an annual salary of $3 million, according to an SEC report. Peters could also receive more than $17 million in stock options and a $14 million bonus. According to a filing with the SEC, Peters will be raking in an annual salary of $3 million. Added to that, he'll get an annual stock option allocation totaling more $17 million and is also on track to receive an estimated bonus of more than $14 million. Added to that, Hastings will receive $2.5 million in stock options, the report notes.

“One of the worst things you can hear from your child is them screaming ‘I don’t want to die! Residents across the state are just beginning to understand the full extent of the damage, especially in marginalized communities, as they recover from the deluge. But instead of work, Naranjo and other farmworkers are faced with some 20,000 flooded farmland in Salinas, according to early estimates from the Monterey County Farm Bureau, a nonprofit association of farmers and ranchers. When asked if he would return to work soon, Naranjo answered: “I don’t know.”Cars driving through a flooded roadway in Planada, Calif., on Jan. 10. “In my head, I thought if it was that bad, someone would come tell us, but no one ever did.

☆ Pacific islands urge Japan to delay release of Fukushima waste over contamination fears
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Jan 18 (Reuters) - Pacific island nations are urging Japan to delay the release of water from the destroyed Fukushima nuclear power plant over fears fisheries will be contaminated, the Pacific Island Forum (PIF) said on Wednesday. Japan had approved the future release of more than 1 million tonnes of water from the site into the ocean after treatment in April 2021. The United States conducted nuclear testing in the Pacific islands in the 1940s and 1950s and the Marshall Islands continues to campaign for more compensation from Washington over lasting health and environmental effects. France conducted atomic testing between 1966 and 1996 at Mururoa Atoll in French Pacific territories. Reporting by Kirsty Needham in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Peloton hires former Twitter executive as new head of marketing
▼ + stars: | 2023-01-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Peloton is bringing in Leslie Berland, Twitter's former marketing head, as its next chief marketing officer, effective Wednesday. Berland left Twitter in November amid a slew of executive departures after Elon Musk's takeover, which has led to significant restructuring and revenue drops at the social media giant. Berland will report to Peloton CEO Barry McCarthy and oversee several of the fitness equipment maker's divisions including marketing, membership and global communications. Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%. [Berland] and the marketing team will play a central role in broadening our reach, appeal, and impact," McCarthy said in a statement Tuesday.

☆ Davos draws record crowds, but its relevance is fading
▼ + stars: | 2023-01-16 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

Data from the World Bank shows that global trade of goods and services as a percentage of total economic output peaked that year. A wooden sign on the waterfront of Lake Davos in Davos, Switzerland, on Jan. 8, 2023. Just look to Italy’s new prime minister, Giorgia Meloni, who was installed in October. Those skipping the gathering this year include US President Joe Biden, China’s Xi Jinping, Indian Prime Minister Narendra Modi, French President Emmanuel Macron and UK Prime Minister Rishi Sunak. That raises questions about whether Davos can hang on to its reputation an essential event for the rich and powerful.

☆ California Storms Destroy a Wharf and Threaten a Way of Life in Beach Town of Capitola
▼ + stars: | 2023-01-13 | by ( Jim Carlton | ) www.wsj.com time to read: 1 min

CAPITOLA, Calif.—The storms that have battered California for the past three weeks have caused floods, mudslides, and blackouts across the state, but few communities have felt their power more than ones such as the oceanside village of Capitola, where an 800-foot wharf that serves as its biggest tourist attraction was torn in half. “We’re used to these storms—the big waves, the swells, the flooding—but this was just heightened,” 45-year-old resident Chad Muller said earlier this week, soon after the Jan. 5 confluence of high tides and giant waves damaged about two dozen homes and businesses.

☆ Jim Cramer's Investing Club meeting Thursday: December CPI, Disney, Wells Fargo
▼ + stars: | 2023-01-12 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nelson Peltz's track record speaks for itself Disney (DIS) faces a proxy fight as Nelson Peltz's activist firm Trian Fund Management vies for a seat on its board. What to look for in Wells Fargo's earnings Wells Fargo (WFC) reports fiscal fourth-quarter earnings before the opening bell on Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ 6 reasons why moving to Florida can be a major disappointment, from surprisingly high tax bills to severe storms that 'should be an eye opener'
▼ + stars: | 2023-01-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

"The appreciation rates that we've seen in South Florida have been much higher than the national average," Bordenaro said. Newcomers moving to Florida have also been shocked at property tax bills that are higher than they expected, Insider's Kelsey Neubauer reported. Because of rising sea levels, many homes in South Florida are at a higher risk for disaster, which makes it more expensive to insure them. According to Bordenaro, Miami is attempting to alleviate the traffic issue by constructing more lanes and new exits, but the going road work only leads to more traffic. "Depending on where you come from, it can be tough to make friends with the locals," Bordenaro said.

☆ 15 of the most powerful images from Ukraine since the start of Russia's invasion
▼ + stars: | 2022-12-31 | by ( Sophia Ankel | ) www.businessinsider.com time to read: 1 min

Tides of people pushed to evacuate as Russian forces blasted the smaller cities surrounding Kyiv, prompting scenes like this in Irpin. Ukrainians crowd under a destroyed bridge as they try to flee crossing the Irpin river in the outskirts of Kyiv, Ukraine, on March 5, 2022. AP Photo/Emilio MorenattiSince the start of the war, around 7.8 million Ukrainians have left the country, 4.8 million of which have sought refuge in Europe, according to the UNHCR.

☆ Premarket stocks: Wall Street kills its darlings
▼ + stars: | 2022-12-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It appears that Wall Street has also caught on to the concept. Investors are rushing to kill their darlings – er, sell their stocks– and even safe-havens like Apple (AAPL) and Intel (INTC) are getting crushed in the stampede. What’s happening: It’s been a shaky year full of economic uncertainty, geopolitical chaos, elevated inflation and a hawkish Fed. But what’s been most surprising is that market-cap titans, traditionally expected to weather storms on Wall Street well, haven’t held up against the rising macroeconomic tides. EY Parthenon projects that consumer spending will flatline in 2023 after growing 2.7% this year.

☆ Tesla's set to grow its lead in the electric car race despite its worrying demand slump, Morgan Stanley says
▼ + stars: | 2022-12-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But Elon Musk's automaker remains poised to lead the EV race in 2023, Morgan Stanley said this week. EV supply outpacing consumer demand next year will benefit Tesla. Tesla will "widen its lead in the EV race" next year, Adam Jonas said. Even with the increased competition, Tesla may be in a position to extend its lead in 2023, Jonas wrote. All automakers, Tesla included, have struggled to get the cost of their EVs down.

The Buffalo Airport, which has been closed since Dec. 23, was expected to reopen on Wednesday morning, according to a tweet. A little more than 1,400 energy customers in New York state were without power Wednesday morning — amounting to only 0.02% of the state — according to PowerOutage.us. Storms to batter the West CoastMeanwhile, a total of five separate storm systems will impact the West through next Monday. Oregon State Parks announced emergency closures for Ecola and Cape Meares because of high winds and the potential for falling trees. Colusa and Mendocino counties had 650 and just over 700 power outages as of Wednesday morning, respectively, according to PowerOutage.us.

☆ Republicans went after BlackRock and sustainable investing in 2022. Meet 12 officials crusading against 'woke capitalism.'
▼ + stars: | 2022-12-28 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.

☆ High school football incidents spark racism talks, programs
▼ + stars: | 2022-12-22 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

Moments before Amador was to play Rosemont — a predominantly Black and Latino school in nearby Sacramento — the game was called off. Amador has just four Black students out of about 750. The incident at Amador was one of several alarming examples of racism against Black people that occurred this fall in high school football around the nation. Amador High School in Sutter Creek, Calif. Google MapsAdministrators in some cases have used these incidents to start conversations about race that have been hard for them to bring up before and roll out programs they hope will have lasting impact. A TikTok video created by players at River Valley High School in Yuba City, California, featured a mock slave auction.

☆ 'Communities like mine won't survive:' Queens residents battle monthly floods as sea levels rise, storms worsen
▼ + stars: | 2022-12-22 | by ( Emma Newburger | ) www.cnbc.com time to read: +14 min

Still, it's unclear how these vulnerable coastal communities — and others across the country — will ultimately fare. In this scenario, most of the communities surrounding Jamaica Bay would be inundated every day by high tides. These types of natural projects, some of which are already underway at the Jamaica Bay Wildlife Refuge, would be balanced with the Army Corp's man-made engineered solutions. Additionally, the proposed Jamaica Bay Storm Surge Barrier, located to the east of the Marine Parkway Bridge, would close during major storms. Shoreline restoration is underway at the Jamaica Bay Wildlife Refuge in Queens.

☆ The holidays may feel 'normal' again this year—but Covid has changed them in 3 fundamental ways
▼ + stars: | 2022-12-22 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

The virus instantly transformed the holidays, forcing many Americans to break long-standing traditions and grapple with a new reality: Gathering with loved ones can potentially put people's health at risk. Now, nearly three years after the virus first sent the U.S. into lockdowns, are the tides turning back toward pre-pandemic habits — or has Covid permanently changed the way Americans celebrate? This year's Thanksgiving, New Year's and other end-of-the-year festivities may feel like the pre-pandemic holidays for many households. But Covid has still changed the way we celebrate with others, even if we don't fully realize it, experts say — and it's hard to tell whether the holidays will ever fully revert back to how they were before March 2020. Here are three fundamental ways the pandemic has changed the holidays for Americans, from Covid safety and family traditions to who we choose to spend our time with.

☆ A Parasite May Explain Why Some People Are Driven to Start a Company
▼ + stars: | 2022-12-21 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

When wolves in Yellowstone National Park get infected with a cat parasite called Toxoplasma gondii, they become more likely to leave their packs and start new ones. The Yellowstone wolf data hints that it's just the side effect of a protozoan inhabiting our brains in a failed attempt to make more protozoa. So why would any of this make an infected wolf want to start its own pack? That was the suggestion of an influential 2006 paper titled "Can the Common Brain Parasite, Toxoplasma gondii, Influence Human Culture?" Just because Toxo might drive an alpha male to start a company, that doesn't mean it'll be a successful company.

☆ Third Point could see big returns from small changes at Bath & Body Works
▼ + stars: | 2022-12-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Bath & Body Works is a specialty retailer of home fragrance, body care, soaps and sanitizer products. In August 2021, Bath & Body Works (formerly known as L Brands) completed the separation of its Victoria's Secret business. Loeb is one of the true pioneers in the field of shareholder activism and definitely one of a handful of activists who shaped what has become modern day shareholder activism. He invented the poison pen letter in a time when a poison pen was often necessary, and as times have changed, he has transitioned from the poison pen to the power of the argument. Third Point expressed its concern with Bath & Body Works' executive compensation structure , noting that excessive awards have been made that are disconnected to important performance metrics.

☆ Buying a car is finally easier — but watch out for high interest rates and lingering inventory issues
▼ + stars: | 2022-12-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Easing supply chain crises mean more vehicles on lots, used vehicle prices are down, and demand is normalizing. "There's really not a lot of ways to escape them unless you are willing to change the car that you're buying," Drury said. As far as luxury cars go, there aren't many deals to be found, he added. Used cars are displayed on the sales lot at Marin Acura in July 2021. Car-buyers might find a used vehicle could suit their needs while they hold out for lower prices surrounding new vehicles.

☆ ‘Avatar: The Way of Water’ rekindles the wonder in a way that demands to be seen
▼ + stars: | 2022-12-13 | by ( Brian Lowry | ) edition.cnn.com time to read: +5 min

CNN —“Avatar” took a very basic story and adorned it with eye-popping spectacle, in a way that made the film a must-see commodity, and a record-breaking hit in the process. Thirteen years later, braving much different theatrical tides, director James Cameron has done it again with “Avatar: The Way of Water,” a state-of-the-art exercise that rekindles that sense of wonder and demands to be seen by anyone with lingering interest in watching movies in theaters. The children, in particular, must grapple with the personalities and pettiness associated with becoming the new kids on the reef. Ultimately, though, “The Way of Water” melts away any skepticism that it might be too late or too long in its return to Pandora. “Avatar: The Way of Water” premieres December 16 in US theaters.

“I haven’t seen sunlight in what seems like a long time,” Li told CNN, a week after the protests broke out. In recent years, Beijing has extended its crackdown on dissent to the foreign platform, detaining and jailing Chinese Twitter users who criticized the government. TwitterLi received thousands of submissions a day – and up to dozens per second at the height of the protests. Journalists, observers and activists monitored his feed closely, and some of his posts were aired on televisions across the world. And then they went to our house at midnight to harass my parents,” Li said.

☆ Hundreds of people are applying for a chance to work at Elon Musk's 'hardcore' Twitter 2.0 — even after the billionaire laid off half the company's workforce
▼ + stars: | 2022-12-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Hundreds of people have applied to Twitter job postings on LinkedIn. Musk laid off about 50% of Twitter's workforce in November and has asked remaining staff to work "hardcore." Just last month, Elon Musk laid off thousands — about half of the company's workforce — and over 2,000 more employees quit. The new job postings come only a few weeks after thousands of employees left the company. Twitter employees might also be able to benefit from stock in the company.

☆ 12 stocks to outperform in a recession-free economy that are 'shared favorites' among mutual funds and hedge funds, according to Goldman Sachs
▼ + stars: | 2022-12-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Hedge funds and mutual funds are positioned for a soft landing in the economy. The share of mutual funds beating their benchmarks is set for its highest year since 2007. But you might not be able to tell based on the stocks hedge funds and mutual funds are betting on. Typically, the strategies between hedge funds and mutual funds vary, with the former tending to use riskier strategies including short-selling and leverage with an aim to outperform the market. Mutual funds are overweight on long-duration stocks and those with weaker balance sheets, while hedge funds are exposed to high-growth stocks with low margins.

☆ Despite stark gender inequality in South Korea, hostility to feminism is growing
▼ + stars: | 2022-12-04 | by ( Haeryun Kang | ) www.nbcnews.com time to read: +8 min

SEOUL, South Korea — Lee Yunju has poked her head in the feminism aisle of the library at her university in Daegu, South Korea. President of South Korea Yoon Suk Yeol. In South Korea, it’s the gender issue.”To some, the gender ministry is a symbol of what they see as the excesses of feminism. The gender ministry was founded in 2001 under the Kim Dae-jung administration, South Korea’s first left-leaning government. The gender ministry aims to protect the marginalized in our society.

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