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☆ How charging drivers to go downtown would transform American cities
▼ + stars: | 2023-06-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York City is still clawing out of from the devastating impact of the Covid-19 pandemic. The plan would also mark the culmination of more than a half-century of efforts to implement congestion pricing in New York City. Ultimately, it was the need to improve New York City’s public transit that became the rallying cry for congestion pricing. The stakes of New York City’s program are high, and leaders in other cities are watching the results closely. “It’s good to see New York City’s program is moving forward,” said the Los Angeles Times Editorial Board last month.

Persons: Joe Biden’s, ”, Kathy Hochul, Michael Bloomberg, Andrew Cuomo —, Yuki Iwamura, Kate Slevin, Sam Schwartz Organizations: New, New York CNN, Central Business District, Federal Highway Administration, New York Metropolitan Transportation Authority, ” New York Gov, MTA, Bloomberg, Getty, Regional Plan Association, London, Drivers, Los Angeles Times Locations: New York, New York City, Lower Manhattan, Manhattan, United States, Stockholm, London, Singapore, New Jersey, York, Los Angeles

☆ Justice Department will likely try to have Trump incarcerated if he's convicted in Mar-a-Lago case, national security lawyer says
▼ + stars: | 2023-06-10 | by ( Insider Staff | Sarah Gray | ) www.businessinsider.com time to read: +4 min

DOJ will seek incarceration for Trump, a national security attorney and former US prosecutor say. McClanahan said evidence in the indictment was laid out to show "that this is a kingpin who knowingly broke the law, endangered national security, endangered nuclear weapon security, endangered other countries' national security." In this case, that looks likely to be US District Judge Aileen Cannon, who Trump appointed. It's more likely that, if convicted, he'd be sentenced to house arrest with an ankle monitor, McClanahan said. "Trump can share that information that is in his head whether he is incarcerated or not incarcerated," she said.

Persons: —, Donald Trump, Kel McClanahan, Jack Smith's, McClanahan, Jonathan Turley, Chris Christie, Trump, Sarah Krissoff, Pitney, Krissoff, Aileen Cannon, there's, It's, he'd Organizations: Trump, Service, Department, Justice, George Washington University, Fox News, New, New Jersey Gov, Politico, Pitney LLP, of, DOJ, Department of Justice Locations: New Jersey, Southern, of New York, Bedminster , New Jersey

We used a professional device called a sound level meter to record the decibel levels of common sounds and environments. According to the World Health Organization, average road traffic noise above 53 dB or average aircraft noise exposure above about 45 dB are associated with adverse health effects. This chart shows how many people in the United States may be exposed to various outdoor noise levels, on average. Scientists believe that pronounced fluctuations in noise levels like this might compound the effects on the body. Nighttime noise shows similar inequities.

Persons: D’Lo, Jackhammers clack, San Diego —, Reagan, George Jackson, Mendenhall, Carolyn Fletcher, Ron Allen Organizations: Bankers, San Diego, thunders, Massachusetts General Hospital, World Health Organization, Department of Transportation, Queens, High Tech Middle School, San Diego International Airport, dBs, Noise, Environmental Protection Agency, Occupational Safety, Health, European Union Locations: San, Bankers Hill, San Diego, Greenpoint , Brooklyn, Brooklyn, D’Lo, Miss, Mississippi, New York City, California, New Jersey, Massachusetts, United States, U.S, Point Loma, Swiss, Paris, Berlin, Switzerland

The lawsuit is the SEC's second in two days against a major crypto exchange, following its case against Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao. Crypto companies including Coinbase have said SEC rules are unclear, and the regulator is overreaching by asserting oversight of their industry. Coinbase customers pulled more than $57 million from the exchange within a couple of hours of the filing, according to data firm Nansen. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Changpeng Zhao, Gary Gensler's, Gensler, Paul Grewal, Coinbase's, Nansen, Dado Ruvic, Gurbir Grewal, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Manya, Jason Neely, Louise Heavens, Chizu Nomiyama, Nick Zieminski Organizations: YORK, U.S . Securities, Exchange Commission, SEC, CNBC, Global Inc, Reuters Graphics, REUTERS, Coinbase, New, Blockchain Association, Court, Southern District of, Manya Saini, Thomson Locations: U.S, California, Manhattan, Solana, Cardano, New Jersey, Southern District, Southern District of New York, New York, Washington ,, Bengaluru

☆ Former New Jersey Gov. Chris Christie, a top GOP Trump critic, files paperwork to launch 2024 presidential campaign
▼ + stars: | 2023-06-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015. But while much of the GOP establishment softened its stance on Trump in the ensuing months, Christie kept up his criticism. "You better have somebody on that stage who will do to him what I did to Marco, because that's the only thing that's going to defeat Donald Trump," Christie said in March. Ron DeSantis officially joined the Republican primary race, becoming the top non-Trump contender. Allies of the former New Jersey governor recently launched a super PAC, Tell It Like It Is, to support his run for president.

Persons: Chris Christie, Christie, Donald Trump, Trump, Joe Biden, Biden, president's, Vladimir, Putin, Sen, Marco Rubio, Marco, It's, Ron DeSantis, South Carolina Sen, Tim Scott, Mike Pence, Sandy, Barack Obama's, George Washington, Christie's, Phil Murphy Organizations: Republican, New, America, Former New Jersey Gov, Trump, U.S, Capitol, GOP, CNN, Monmouth University, Florida Gov, South, Allies, Democratic Gov, ABC News Locations: New Jersey, Greenville , South Carolina, Manchester , New Hampshire, Ukraine, South Carolina, New York

☆ Trump critic Chris Christie to announce White House bid next week
▼ + stars: | 2023-05-31 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

[1/2] U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015. Christie has played the role of attack dog before: in a memorable debate appearance shortly before he ended his 2016 campaign, Christie mocked U.S. Three days after Trump's surprise victory, Christie was fired as the head of Trump's White House transition team. Since the Jan. 6, 2021, attack on the U.S. Capitol by a mob of Trump supporters, Christie has jabbed at Trump on numerous occasions. Christie was also a candidate for the 2012 Republican presidential nomination but was beaten by eventual nominee Mitt Romney.

Persons: Chris Christie, Chris Keane PRINCETON, Donald Trump's, Christie, Axios, Trump's, Trump, Bill Palatucci, Marco Rubio, Ron DeSantis, Tim Scott, Nikki Haley, Mike Pence, Chris Sununu, Joe Biden, Washington, Charles Kushner, Jared Kushner, Jean Carroll, Mitt Romney, Susan Heavey, Joseph Ax, Nathan Layne, Katharine Jackson, Andrew Heavens, Chizu Nomiyama, Daniel Wallis Organizations: U.S, Republican, New, America, REUTERS, Former New Jersey, Trump, Reuters, Saint Anselm College, New Jersey Republican, South Carolina, New Hampshire, Democratic, Capitol, Republicans, Thomson Locations: New Jersey, Greenville , South Carolina, Chris Keane PRINCETON , New Jersey, New Hampshire, Florida, U.S, New York City

☆ 4 great white sharks showed up in New York and New Jersey waters early, having migrated thousands of miles for food
▼ + stars: | 2023-05-29 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Every year great white sharks head for feeding grounds in waters near the northern US and Canada. One of them is an 8 foot 8 inch male juvenile named Jekyll who weighs just shy of 400 pounds. OCEARCH has been capturing, tagging, and tracking great white sharks since 2007 in order to study their migratory patterns. These great white sharks have traveled thousands of milesAccording to the OCEARCH tracker, a male juvenile great white nicknamed Jekyll has traveled 1,595 miles in 103 days from Georgia to the waters of Atlantic City, where his tracker pinged his location on May 15th. Simon, another male juvenile, traveled 1,520 miles in the last 106 days from Florida to join revelers in the waters of Fire Island on May 2nd.

☆ Gov. Kim Reynolds signed a bill rolling back child labor laws in response to business owner complaints over labor shortages. Iowa's unemployment rate was under 3% last month.
▼ + stars: | 2023-05-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Kim Reynolds signed into law a bill rolling back child labor protections. The bill is one of many targeting child labor laws across the nation, signed largely by GOP governors. Businesses have increasingly reported labor shortages since the onset of the COVID-19 pandemic, which has killed over 1,127,000 Americans since 2020, according to the World Health Organization. The Iowa Governor's decision to roll back child labor laws is an apparent response to business owners who say they cannot find enough workers. Arkansas' unemployment rate was 2.8%, New Hampshire's was 2.1%, and New Jersey's was 3.5% — the only state that has recently rolled back child labor protections with a higher average than the nationwide 3.4% unemployment rate.

☆ Supreme Court rules for homeowner in 'equity theft' dispute
▼ + stars: | 2023-05-25 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +3 min

The Supreme Court of the United States building are seen in Washington D.C., United States on December 28, 2022. But the county sold the home for $40,000 and kept all the proceeds, Tyler's lawyers at the Pacific Legal Foundation say. The remaining states return the surplus proceeds when seized properties are sold. A year later, the county sold it for $40,000, keeping the $25,000 in profit. Owners have three years to pay the taxes and have an opportunity to repurchase the seized properties.

☆ Not just Disney: DeSantis brings history of business battles to the presidential campaign
▼ + stars: | 2023-05-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +8 min

Ron DeSantis officially launched his presidential campaign Wednesday, putting his blend of pro-business conservativism and culture-war populism to the test at the national level. In the most recent legislative session, DeSantis signed a bill that stopped union dues from being automatically deducted from public employees' paychecks. Ron DeSantis, a critic of environmentally sensitive investing, didn't succeed in protecting his constituents from the ravages of Hurricane Ian, which may have been intensified by global warming. DeSantis signed a bill in early May barring state and local officials from making ESG-based investment decisions. The Disney sagaApparel promoting Florida Governor Ron DeSantis sit on a table before a book tour event at the North Charleston Coliseum on April 19, 2023 in North Charleston, South Carolina.

☆ Taking one last 12-cylinder ride with Bentley's $384,000 Continental GTC Speed
▼ + stars: | 2023-05-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

With the king of combustion hitting the end of its road, Bentley has launched the Continental GTC Speed. Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBCDespite a price tag approaching $400,000, the GTC Speed is quickly selling out. So with the Continental GTC Speed, Bentley has decided to party like it's 1999. The most beautiful part of the Continental GTC Speed is the drive. Even with an unladen weight of over 5,300 pounds, the Continental GTC Speed takes corners, stops and accelerations like a much nimbler supercar.

☆ Americans view gold as a better investment than stocks for the first time since 2013. Here's why that's a good sign for the stock market.
▼ + stars: | 2023-05-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

More Americans view gold as a better investment than stocks for the first time since 2013. That's a good sign for the stock market, according to the Carson Group's Ryan Detrick. "From a contrarian point of view, this is another reason to think the path is higher for stocks," Detrick said. Meanwhile, Americans that view stocks as the best long-term investment fell to 18% this year from 25% last year, representing its lowest level since 2011. And that negative sentiment is the fuel that could ultimately drive the stock market higher from here.

☆ US weekly jobless claims fall; labor market still tight
▼ + stars: | 2023-05-18 | by ( Lucia Mutikani | ) www.reuters.com time to read: +2 min

Summary Weekly jobless claims drop 22,000 to 242,000Continuing claims decrease 8,000 to 1.799 millionWASHINGTON, May 18 (Reuters) - The number of Americans filing new claims for jobs benefits fell more than expected last week, with applications in Massachusetts decreasing sharply, suggesting the labor market remains tight. The steep decline in weekly unemployment claims reported by the Labor Department on Thursday reversed the surge in the prior week, which had boosted them to the highest level since Oct. 30, 2021. Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 242,000 for the week ended May 13. The labor market is being closely watched for signs of stress from the Federal Reserve's fastest interest rate hiking campaign since the 1980s. Though it has shown some signs of cooling, the labor market has remained tight, with 1.6 job openings for every unemployed person in March, well above the 1.0-1.2 range that is consistent with a jobs market that is not generating too much inflation.

☆ Here's every country that has banned TikTok as the US threatens a nationwide ban. Montana is the first state to pass a total ban.
▼ + stars: | 2023-05-18 | by ( Aaron Mcdade | Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Anna Moneymaker/Getty ImagesPresident Joe Biden's administration has supported bills introduced in Congress that would give the president greater authority to ban apps like TikTok. Last month, Montana became the first state where lawmakers approved a bill banning the app. TikTok previously pledged to challenge it if it was enacted into law, and has called the bill "censorship" and a violation of the First Amendment. The current plan is to fine app store owners like Apple and Google, along with TikTok itself, $10,000 per day the app can be accessed by users in the state. TikTok users in the state will not be punished under the current plan.

☆ 10 states where homeowners put the most money toward housing costs—No. 1 isn't New York or California
▼ + stars: | 2023-05-17 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

It compared median income in each state to housing costs, which included mortgages, taxes, insurance, utilities and HOA fees. The analysis used 30% since it's a common benchmark for housing costs in a monthly budget. Known as the "30% rule," financial planners typically recommend putting no more than 30% of household income toward housing costs. While the median income in these states is significantly higher than the bottom-ranked states, housing costs are also elevated. As with fourth-ranked Rhode Island, there's a limited amount of land to develop in Hawaii, which has pushed up housing costs.

☆ How the New York City metro area's slow legal weed rollout created a boom in 'gray' market cannabis shops
▼ + stars: | 2023-05-15 | by ( Christian Nunley | ) www.cnbc.com time to read: +2 min

The push for legal, recreational marijuana is sweeping across America. The recreational marijuana market is a high-stakes affair. The national cannabis market is estimated to reach $71 billion in sales by 2030, according to data from research firm New Frontier. And the New York state market alone could make up 10% of that, the data forecasts. Watch the video above to find out how the legal cannabis rollout is going in the most populous metropolitan area in the United States, how the push for legal weed is attracting a new class of entrepreneurs and how anti-marijuana activists are trying to slow the fast pace of legal cannabis adoption.

☆ Hurricanes of Data: The Tiny Craft Mapping Superstorms at Sea
▼ + stars: | 2023-05-09 | by ( Porter Fox | ) www.nytimes.com time to read: +35 min

The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.

☆ Racetracks, Parks, Offices: A Frantic Search for Migrant Housing
▼ + stars: | 2023-05-08 | by ( Dana Rubinstein | ) www.nytimes.com time to read: +1 min

By Friday, a Trump-era immigration policy called Title 42 is set to expire. The end of the policy is expected to spur cross-border migration, eventually affecting New York City. New York City is the only major U.S. city with a “right-to-shelter law.” As of Wednesday evening, 61,000 migrants have come to the city in the past year, according to City Hall officials. Over 37,500 of them are now in city care at more than 120 emergency shelters and eight larger-scale centers. Those spaces should be at least 10,000 square feet in size, contain “no known health hazards” and have running water.

☆ New York and California lost over $90 billion in income to low-tax states during Covid
▼ + stars: | 2023-05-02 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New data from the Internal Revenue Service shows that New York state lost $25 billion in adjusted gross income due to outmigration in 2021, on top of $20 billion lost in 2020. Combined, the two states lost $92 billion across the two years. The data shows that the income flight from high-tax states to low-tax states, which has been happening for years, picked up steam during Covid. California, Illinois and New Jersey each lost over $4 billion in income to Florida in 2021.

☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
▼ + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.

NEW YORK, April 26 (Reuters) - Fast Retailing's (9983.T) Uniqlo plans to expand its existing stores in North America by 10%, according to one of its executives. Fast Retailing reported a 16.4% rise to 220 billion yen ($1.65 billion) in first-half operating profit earlier this month. The company also raised its full-year profit forecast to 360 billion yen ($2.7 billion) from 350 billion yen ($2.63 billion). Daisuke Tsukagoshi, Uniqlo North America chief executive, said in an email to Reuters that the chain chose to launch the Ottawa and Calgary stores after seeing a "strong online presence" there. Sweden's fast fashion giant H&M has more than 738 stores in North and South America as of February 2023, according to the retailer's website.

☆ Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says
▼ + stars: | 2023-04-26 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Executives at trucking giant JB Hunt recently sounded the alarm about a freight recession. Over-buying during the pandemic is depressing the demand for goods, which is impacting freight and transport. Executives at trucking giant JB Hunt sounded the alarm over a "freight recession" at a first-quarter conference call last week. A freight recession basically means there are fewer trucks delivering goods across America. Notably, the freight recession is not a US-only problem.

☆ Canadian billionaire Steve Apostolopoulos says he's still in the running with his bid for the Washington Commanders
▼ + stars: | 2023-04-24 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Canadian billionaire Steve Apostolopoulos appeared on CNBC's Squawk Box on Monday, telling Andrew Ross Sorkin that he's "still in the hunt" when it comes to purchasing the Washington Commanders. Earlier this month, an ownership group led by Philadelphia 76ers and New Jersey Devils owner Josh Harris made a bid worth an estimated $6 billion. Both the league and Harris' ownership group declined to comment on Apostolopoulos' remarks. The Toronto businessman is a managing partner of the real estate firm Triple Group of Companies and he's the founder of the private equity firm Six Ventures. "It is a tremendous city, it is a tremendous team, there is lots of great things happening in that market and we are real estate guys, so we look from real estate standpoint as well."

☆ US foreclosure filings jump 22%, and repossessions hit highest level in 3 years
▼ + stars: | 2023-04-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Foreclosure filings climbed 22% in the first quarter compared to a year ago, analytics firm ATTOM said. Foreclosure activity has increased for 23 consecutive months after a federal moratorium was lifted. Foreclosure activity has increased for 23 consecutive months after a federal moratorium was lifted, reaching 95,712 filings last quarter. Now Illinois, Delaware and New Jersey are undergoing the highest foreclosure rates, ATTOM said. But while foreclosure rates are on a continued uptick, they are still significantly below historic levels.

☆ Supreme Court gives New Jersey, shipping industry and unions a win in New York ports case
▼ + stars: | 2023-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

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.

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