Advertisements



The Moneyist: My wife and I enrolled our terrier, Spencer, at puppy day school. We discovered they used electric-shock collars. Should we ask for a refund? Can we sue? 

‘We were surprised and appalled. They never mentioned this to us when we signed Spencer up for her course.’.....»»

Source:  marketwatchCategory: top~13 min. ago Related News

"Wild Allegations:" Elon Musk Points To "Political Lens" Amid Reports Of Sexual Misconduct

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Friday attacks against him should be viewed through a “political lens” after being blamed for a sexual misconduct incident that took place in 2016. read more.....»»

Source:  benzingaCategory: blog~25 min. ago Related News

JARS Cannabis Named First-Ever Cannabis Retail Sponsor Of Detroit"s Movement Festival, One Of Longest-Running In The World

Michigan’s leading lifestyle retailer and purveyor of affordable and accessible cannabis products, is now the first cannabis retailer to sponsor Movement, an internationally renowned dance music festival held annually during Memorial Day Weekend (May 28 - 30) in Downtown Detroit at Hart Plaza on the city’s Riverf read more.....»»

Source:  benzingaCategory: blog~25 min. ago Related News

Nio Shares Jump 20% In Singapore Debut: What You Should Know

U.S.-listed Chinese electric carmaker Nio Inc (NYSE: NIO) on Friday made its debut on the Singapore stock exchange, with shares jumping 20% in early trading, as it laid out plans to open a local research center focused on artificial intelligence and self-driving cars. read more.....»»

Source:  benzingaCategory: blog~25 min. ago Related News

Why Did This Man Approach A Florida Inspection Station With One Ton Of Cannabis Neatly Packed In A U-Haul?

Authorities in Florida watched as a Michigan man failed to stop and enter Agricultural Interdiction Station 6A and submit for inspection of his moving truck. The man apparently thought it best to keep his cargo concealed. But that was not going to happen. read more.....»»

Source:  benzingaCategory: blog~57 min. ago Related News

The Fed Has Crossed The "Hard Landing" Rubicon So How High Will It Hike? One Bank Crunches The Numbers

The Fed Has Crossed The "Hard Landing" Rubicon So How High Will It Hike? One Bank Crunches The Numbers One month ago, a SocGen strategist calculated something remarkable: at a time when the Fed is warning of multiple 50bps hikes in coming FOMC meetings and Powell is threatening to take fed funds above neutral - somewhere in the great unknown zone between 2.0% and 4.5% - and even the gradually fading market consensus still expects just under 8 hikes this cycle... ... quant Solomon Tadesse calculated that according to his analysis, if the Fed i focused on preserving growth (at the expense of higher inflation), then Fed Funds will peak at just around 1.0%, which combined with a QT programme to the tune of about $1.8tn, means the Fed will very soon be forced to reverse. Furthermore, as Tadesse has since pointed out, with the Fed’s recent bold 50bp hike, "there does not seem much room left for manoeuvring for the desired soft-landing." He then echoes what we have been saying in recent weeks, namely that the "type of week-long market meltdown witnessed since the recent hike often precedes a policy about-face in line with our projection." Ok but what if having decided to push the US into a recession, growth be damned, the Fed is now focusing only and entirely on inflation?  After all, current rates are far, far below the prevailing CPI which is around 8%, and while many argue whether CPI has peaked, there is a significant possibility CPI could hit double digits in the coming months. This is the question that Tadesse addresses in his latest must-read note (available to pro subs in the usual place), in which he writes that "an inflation-fighting impulse is currently in the air, begging the question of what it could take to stamp out the current trend for good, even at the cost of a hard landing." According to the SocGen quant, given the rising inflation prints and accompanying political pressure, if the pro-growth tightening threshold is breached - which it likely will be as soon as the next FOMC meeting, making a hard landing inevitable, and unleashing the Fed in favor of a single-minded inflation-fighting policy stance, Tadesse's analysis suggests that it "could take overall monetary tightening of as much as 9.25% to arrest inflation, with the policy rate going up to 4.5% and the balance coming from QT of about $3.9tn, which would slash the current Fed balance sheet by about half." Here is some more detail from the SocGen quant on this potential "alternative" in which the Fed single-mindedly pursues inflation containment, going Volcker-style with accelerated rate hikes reminiscent of the 1970s and early 1980s, when the average MTE (tightening to easing) ratio was about 1.5x (left-hand chart below).: Such aggressive monetary tightening with a focus solely on inflation containment, even at the cost of inducing recession, according to our analysis, would require overall monetary tightening of about 11.6%. Given that rates have already been tightened by 2.5%, another 9.25% of monetary tightening might be expected via policy rate hikes and an aggressive QT program. The policy rate could go up by as much as 4.5%, with the remainder coming from QT (right-hand chart above). These projections are all before the 4 May rate hike of 50bp, which lowers the balance proportionately. At a rate of 12bp per $100bn of QT, this also amounts to a QT program of about $3.9tn, roughly equivalent to the net growth in the Fed’s balance sheet during the pandemic. An important caveat in the analysis is the presumption that current inflation levels resemble those of the late 1970s through the 1980s. As recent inflation prints are the highest in 40 years, this might be a reasonable assumption, particularly in reference to the rates seen in the early 1980s. In addition, in interpretating the results, there is an implicit assumption that the current inflation prints are persistent and demand driven. However, as our earlier analysis shows, the current inflation dynamics are driven both by transitory supply-related disruptions and demand-driven price pressures. Should the supply bottlenecks ease over time, the degree of monetary tightening needed to contain inflation through demand destruction could turn out to be lower. The above-left chart shows monetary policy frontiers (MPF). These are all the policy-rate hike and QT combinations that could generate the inflation-containing overall tightening of upwards of 9pp and the growth-conscious overall tightening discussed earlier, with the most likely outcomes of policy combinations identified with stars. Thus, our analysis suggests that while it might only take another 25-50bp for growth-conscious tightening to peak before a hard landing, an aggressive inflation-containing policy could mean additional policy rate hikes of up to 4.0pp. As noted earlier, the above analysis assumes that the Fed is resigned to a hard-landing. Does it mean that a soft-landing is now inevitable? Pretty much. Here is Tadasse again: In an earlier research note, we argued that if current monetary policy follows a pro-growth impulse, as has been the case over the past four decades, the current tightening phase could peak with only 0.75-1pp of rate hikes, combined with a QT program to the tune of about $1.8tn. After the Fed’s recent bold 50bp hike, there now does not seem to be much room left for manoeuvring toward a soft landing. Moreover, the type of week-long market meltdown witnessed since the hike has often preceded a policy about-face, which is what we expect. Summarizing the above, the SocGen quant writes that "monetary policy is thus at a crossroads, with a stark choice between a ‘growth’ conscious, albeit inflationary, rate-hike cycle, peaking after 300bp of tightening (with a mix of QT and FFR) or an inflation-containing, albeit recessionary, rate-hike cycle, peaking at about a 925bp of overall tightening (with a mix of 450bp in policy rate and the balance from QT)." And while there could be possibilities in between these two extremes, the middle ground may not, in general, be an admissible rational strategy. Such an intermediate path, plausible due to political pressure or a mid-course reversal in policy priorities between price stability and full employment, would likely fail to accomplish either mandate and could damage central bank credibility. What does this mean for traders? Nothing good - as Tadesse concludes, equity strategies do not fare well in scenarios of high inflation and declining growth (i.e. stagflation), as companies struggle with falling revenues and rising costs, lower growth causes lower earnings, and higher rates combined with an increase in the equity-risk premium negatively impact valuations. And while SocGen notes, that "cash flow and balance-sheet strength would matter for relative performance here", we would add that the real question is how fast does the market expect inflation to shrink back to the 2-3% range. The answer to that question will determine most investing strategies for the next year or so. For those unable or unwilling to answer, a simple heuristic is that strategies that pay high dividends at cheap valuations (such as quality income) should do well in this environment. So should equity strategies dominated by firms with pricing power, such as those in the upstream of the production chain, as should defensive equity strategies with stable cash flows and relative pricing power (such as utilities, the quality and quality income factors). Pair trades can use these as the long legs, offset with shorts among cyclical and aggressive growth strategies. The full note quantifying how high Powell will raise rates is available to pro subs. Tyler Durden Thu, 05/19/2022 - 22:00.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

China In Talks To Buy Cheap Russian Oil For Strategic Reserves

China In Talks To Buy Cheap Russian Oil For Strategic Reserves China is in talks with Russia to buy its cheap oil to replenish strategic reserves, in the latest indicator of deepened energy ties between the two large powers and rivals to the United States. It's also the latest sign that a mulled EU Russian oil embargo may in the end be blunted before it ever gets off the ground, amid continuing inter-EU resistance led by Hungary. Bloomberg reports Thursday that "The crude would be used to fill China’s strategic petroleum reserves, and talks are being conducted at a government level with little direct involvement from oil companies, said a person with knowledge of the plan." Novokuibyshevsk oil refinery plant in Russia, via Chron.com Currently the EU is negotiating toward a phased embargo, seeking to find compromise with those central and eastern European members which are heavily dependent on Russian energy. The prior US ban on imports of Russian oil, which came early in the invasion of Ukraine, has already served to push more Russian oil tankers east towards Asia, diverting from Western markets. India too has reportedly been taking advantage of the comparatively cheaper prices. A source privy to the talks said they aren't close enough that a deal is guaranteed to be signed, nor is an estimated volume of crude Beijing is reportedly seeking known at this point. "There is still room to replenish stocks and it would be a good opportunity for them to do so, if they can be sourced on commercially attractive terms," a senior oil analyst at industry firm Kpler, Jane Xie, told Bloomberg. The report cites the data analytics firm to estimate that China's "overall stockpiles are at 926.1 million barrels, up from 869 million barrels in mid-March -- but still 6% lower than a record in September 2020." And by way of comparison, "the US Strategic Petroleum Reserve has a capacity of 714 million barrels. It currently holds about 538 million barrels." Chart via Reuters China remains the world's single biggest buyer of Russian oil, with official Chinese government figures for 2021 showing it imported almost 1.6 million barrels per day of Russian crude that year. But the immediate impact of Western punitive action targeting Moscow has seen more shipments sent to Asia. "China is now clearly buying more Ural cargoes. Ural exports to China have more than tripled. This is despite a weakening of Chinese imports," said Homayoun Falakshahi, senior analyst at Kpler, as cited in Reuters Tyler Durden Thu, 05/19/2022 - 22:20.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

NY Governor Announces New Gun Control Plans After Buffalo Shooting, Signs Order On Domestic Terrorism

NY Governor Announces New Gun Control Plans After Buffalo Shooting, Signs Order On Domestic Terrorism Authored by Mimi Nguyen Ly via The Epoch Times, New York Gov. Kathy Hochul on Wednesday proposed new measures and signed an executive order to “strengthen and close loopholes” in the state’s gun laws in the wake of the deadly shooting in Buffalo, New York. New York Gov. Kathy Hochul speaks to guests during an event with President Joe Biden and several family members of victims of the Tops market shooting at the Delavan Grider Community Center in Buffalo, New York, on May 17, 2022. (Scott Olson/Getty Images) The governor also signed a separate executive order to “combat the steady rise in domestic terrorism and violent extremism” and “crack down on social media platforms that host and amplify content that promotes and broadcasts violent, lawless acts,” according to a press release from her office. Payton Gendron, 18, is accused of having opened fire at a supermarket in Buffalo on May 14, killing 10 people and injuring three others. He surrendered to police who confronted him at the site. Gendron was arraigned on a first-degree murder charge to which he has pleaded not guilty. As of May 19, he is jailed under a suicide watch. Buffalo supermarket shooting suspect Payton Gendron in a jail booking photograph. (Erie County District Attorney’s Office via AP) Gun Control Proposals Hochul said her office will work with legislators to propose a package of laws that will strengthen current gun control measures and tighten any loopholes in the state. The suspected shooter had legally bought his weapon, a Bushmaster XM-15 rifle, and later modified it with an extended magazine, which is illegal to own in New York. “The gun the individual purchased in our state was legal,” Hochul told reporters. “But what happened was, is that you can go literally across the border to Pennsylvania and buy a magazine with 30 bullets in it. And that’s what happened. You can get the base gun here legally in the state of New York, go buy a high capacity magazine, and just attach it. That’s what happened.” “So, we have to deal with this. And we will, we will. We have announced there is a package of gun laws that we’re going to be proposing. We have more guns to deal with.” As part of a slew of measures, Hochul said her office will address “AOW” or “any other weapons,” which refers to a new category of weapons with characteristics that fall between rifles, shotguns, and pistols. Such weapons were “specifically designed to fall outside the realm of regulation, so they’re not subject to [New York] laws,” Hochul said. “We are introducing legislation that revises the definition of a firearm to include those weapons, which means we’ll be able to charge and prosecute people accordingly,” she said. Hochul also said New York’s red flag law needs to be strengthened. Red flag laws allow law enforcement to confiscate guns from those who are believed to pose a danger to themselves or others. “People are wondering how you had the right to acquire the weapon in the first place when you are this individual. We have red flag laws in place to prevent exactly this situation,” Hochul said. The governor issued an executive order to require the New York State Police to file an extreme-risk order of protection under New York’s red flag law when they have probable cause to believe that an individual is a threat to themselves or others. “Previously, current law, it’s an option to do so. And now, it’ll be a requirement,” Hochul noted. Gendron was able to purchase his weapon in part because he was never reported under New York’s red flag law, which would have prevented the store from selling him the weapon. Officials said on May 15 that last year, Gendron had made a reference to a murder-suicide in a paper he submitted at his high school, after which New York State Police took him into custody and had him undergo a mental health evaluation in June 2021. He was released about a day-and-a-half later, and was not charged criminally. According to a 180-page manifesto posted online that is alleged but not confirmed to have been written by Gendron, the Buffalo area was chosen as the target of the shooting because of strict laws governing gun ownership there and because it has a large black population. The Epoch Times has not been able to independently verify whether the manifesto was written by Gendron. The Erie County DA’s office told The Epoch Times that they are investigating the manifesto. Police stand in front of a Tops Grocery store in Buffalo, New York, on May 15, 2022, the day after a mass shooting inside the supermarket left 10 people dead and three wounded. (Usman Khan/AFP via Getty Images) Domestic Terrorism The author of the manifesto had identified themselves as a white supremacist. Authorities said Gendron live-streamed the shooting online. Police have called the shooting a “hate crime and racially motivated violent extremism.” Hochul told reporters on Wednesday that the suspect shooter was “radicalized by white supremacists and white nationalist beliefs.” She said such messages and racist philosophies are “easily accessible on social media platforms.” The incident was “white supremacy in this nation at its worst,” Hochul said, adding, “The most serious threat we face as a nation is from within … It’s white supremacism.” Hochul is signing another executive order to “fight the troubling surge in domestic terrorism and violent extremism frequently inspired by, planned on, and posted about on social media platforms and Internet forums,” her office said. The order will establish a unit within the Office of Counter-Terrorism at the Department of Homeland Security and Emergency Service to focus exclusively on domestic terrorism. “First time ever. They’ll develop the best practices for law enforcement, for mental health professionals, for school officials to address the rise in homegrown extremism. And we’ll make sure that they’re trained to know how it occurs, where it occurs, and how to stop it,” Hochul said. She said a “Threat Assessment Management Program” will be launched that will include multi-disciplinary teams in counties throughout New York State that will identify and assess the domestic terrorism threats. “This coordination is critical, it does not exist now,” Hochul said. “It does not exist, that these stakeholders need to be communicating and sharing information … Who heard what, who saw something? And then you get the law enforcement, and the mental health professionals, in some cases, school professionals, actually communicating about what they’re seeing. We have a much better opportunity to be in the prevention business, instead of just the cleanup business.” People participate in a vigil to honor the 10 people killed in the May 14, 2022 shooting at Tops market in Buffalo, New York, on May 17, 2022. (Scott Olson/Getty Images) Social Media Hochul said the executive order she’s signing will also establish a dedicated domestic terrorism unit in the New York State Intelligence Center to track domestic violent extremism through social media. “We’re going to ensure that we have the best-in-the-nation cybersecurity teams to monitor the places where radicalization occurs,” Hochul said. She said the suspected shooter’s live-stream of the shooting had “created an opportunity for people to see this and share what he was doing,” after which people would “create platforms so they can share their demented ideas with each other in the hopes that this continues to spread, the virus spreads,” thereby “radicalizing more.” The governor said that algorithms on some social media platforms can serve to “elevate hateful incendiary speech.” “There’s algorithms in place that ramp up and share this [hateful speech] even more, with higher frequency than other messages. So this incendiary content is pushed out to more people in 2022,” she said. “That’s how radicalization is occurring, through the social media echo chamber. … These social media platforms have to take responsibility. They must be more vigilant in monitoring the content, and they must be held accountable for favoring engagement over public safety.” Hochul said she has requested New York State Attorney General Letitia James’s office to investigate the social media platforms that broadcast the attack and that “promote and elevate hate speech.” James announced on Twitter on Wednesday: “My office is launching investigations into the social media companies that the Buffalo shooter used to plan, promote, and stream his terror attack. We are investigating Twitch, 4chan, 8chan, and Discord, among others, all platforms that the shooter used to amplify this attack.” Zachary Stieber contributed to this report. Tyler Durden Thu, 05/19/2022 - 22:40.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

Maersk & Goldman Warns China Restart Will Spark Renewed Supply Chain Congestion

Maersk & Goldman Warns China Restart Will Spark Renewed Supply Chain Congestion A.P. Møller – Maersk A/S, the world's largest container shipping company by capacity, and Goldman Sachs' supply chain congestion analysis (in separate reports) indicate if China restarts, renewed supply chain congestion will be seen worldwide.  Maersk told its Asia-Pacific customers that China's zero COVID policy to lockdown Shanghai, the world's largest port and China's financial hub, for nearly two months, will "have an effect all over the world in the coming months."  For seven weeks, a massive parking lot of vessels has been building outside Shanghai ports as operations came to a crawl because of the lockdown of 26 million residents.  Since the lockdown began in late March, Goldman Sachs' weekly congestion index has slid as US West and East Coast port congestion plunged. This is because the trans-Atlantic volume of vessels from China to the US declined as port capacity was restricted due to lockdowns.  Maersk told clients, "statically speaking, the virus is under control," and this could soon indicate Chinese port capacity may expand and sailings could increase to the US, which will only complicate things down the line for US West Coast ports as a backlog of goods will flood US ports.  Goldman also agrees and warns: "We could see a resurgence of ship bottlenecks if sudden restarts in China lead to renewed sailings all at once." A forward leading indicator of Chinese port activity and if a resurgence of bottlenecks is ahead for the US are global container freight rates.  Weekly changes of the World Container Index show that when China went into lockdown, container rates for 40-foot boxes dropped.  By shipping lane, if there's a tick-up in freight rates between China and the US West Coast, then it would be safe to assume China is restarting.  If China restarts and container rates begin to rise, the countdown will be about 1-2 months until a massive backlog hits US ports, renewing port congestion right before midterm elections.  Tyler Durden Thu, 05/19/2022 - 23:00.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

California To Spend $5.2 Billion On "Electricity Reserve" To Avoid Blackouts

California To Spend $5.2 Billion On 'Electricity Reserve' To Avoid Blackouts Authored by Julianne Geiger via OilPrice.com, California has proposed spending $5.2 billion on creating a "strategic electricity reliability reserve" that would help the state avoid blackouts when its electric grid is stressed, a 2022-2023 budget revision document showed on Friday according to Bloomberg. California has weathered a fair amount of criticism over its electric grid, which contributed to rolling blackouts as recently as 2020. California warned last week that it could run into electricity shortages this summer with drought, heatwaves, and wildfires continuing to stress the grid. But renewables and California's electricity exports have also stressed the grid. The Reserve will be developed using existing generation capacity that was scheduled to retire, new generation, new storage projects, clean backup generation projects, customer side load reduction capacity that is visible to and dispatchable by CAISO during grid emergencies, and diesel and natural gas backup generation projects - which the budget document stressed would have emission controls and all required permits. Of note were two items in that list: "existing generation capacity that was scheduled to retire" and "diesel and natural gas backup generation projects". California is set to retire 6,000 MW of nuclear and gas-fired energy production. The Reserve will be capable of providing up to 5,000 MW that will be available whenever the grid is stressed. The new budget would also earmark $8 billion over five years to increase the state's system reliability and provide relief to consumers as electricity rates rise. The budget now calls for $22.5 billion in funds for the purpose of "climate resilience and integrated climate, equity, and economic opportunity across the state's budget to mobilize a coordinated all-of-government response to the climate crisis. Tyler Durden Thu, 05/19/2022 - 23:20.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

Hamptons Pool Craze Has Some Homeowners Waiting Years For A Dip 

Hamptons Pool Craze Has Some Homeowners Waiting Years For A Dip  Hamptons, New York's summer playground for Wall Street execs and Hollywood celebrities, has an extremely tight housing inventory -- following two years of city-dwellers fleeing cities for the cozy beach town. During the pandemic, residents expanded backyards and many desired luxury pools. There has been a backlog of pool building, with some residents waiting at least one year or more for their backyard oasis.  Pools and spas are in high demand that has inundated pool builders in the Hamptons. The pool industry has never had this much demand in the area, mainly due to the work-at-home lifestyle and influx of new residents.  Greg Darvin, the owner of East Hampton, New York-based company, Pristine Pools, told Bloomberg that massive backlogs and long waitlists would persist for the next few years. "If you haven't planned your 2023 pool yet, you're too late," he said.  Before the pandemic, Darvin said clients wouldn't commit until they were ready for a new pool. "Now we book one year ahead, and we immediately go into hard contract," he added.  Supply chain shortages and soaring material costs have also been an issue. "Now we buy anything we can find and store it," he added.  The high-end pool market hasn't slowed down (yet) and could remain robust through 2023. With so much pool building demand pulled forward in the last few years, the question remains what happens after 2024.  Tyler Durden Thu, 05/19/2022 - 23:40.....»»

Source:  nytCategory: personnel~1 hr. 24 min. ago Related News

Bitcoin, Ethereum, Dogecoin Spike As Equities, Dollar Weaken: Is It Time For A Crypto Relief Rally?

Bitcoin, Ethereum, and other major coins rose Thursday evening as fears of a bear market in equities and a weaker dollar increased the appeal of the apex coin. The global cryptocurrency market cap rose 4.8% to $1.3 trillion. read more.....»»

Source:  benzingaCategory: blog~2 hr. 24 min. ago Related News

Elon Musk Engaged In Sexual Misconduct With SpaceX Flight Attendant, Company Paid $250,000 In Settlement: Report

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's SpaceX paid a flight attendant $250,000 to settle a sexual misconduct claim against the billionaire entrepreneur in 2018,  Business Insider read more.....»»

Source:  benzingaCategory: blog~2 hr. 24 min. ago Related News

Veritas Farms Launches New Full Spectrum CBD Functional Product Line

Veritas Farms, Inc. (OTCQB: VFRM) launched new purpose-built product line designed to target a wide variety of common health conditions, supported with additional dietary supplements. read more.....»»

Source:  benzingaCategory: blog~2 hr. 24 min. ago Related News

Firebird Delivery Launches Across Ontario, Including Rush Delivery

Fire & Flower Holdings Corp. (OTCQX: FFLWF) (TSX:FAF) launched Firebird Delivery in Toronto, Kingston, London, Ottawa, Oshawa, Guelph, and North Bay, Ontario. read more.....»»

Source:  benzingaCategory: blog~2 hr. 24 min. ago Related News

Panaxia Recieves Production License Of Medical Cannabis Products In Malta

Panaxia Global, the controlling owner of Panaxia Malta (operations) Ltd., a global pharma company that develops, manufactures and markets advanced medical cannabis products of pharmaceutical quality, has received an official license from the health authorities in Malta to manufacture finished medical cannabis products. read more.....»»

Source:  benzingaCategory: blog~2 hr. 24 min. ago Related News

NGEx Minerals Reports Q1 2022 Results

VANCOUVER, BC, May 19, 2022 /CNW/ - NGEx Minerals Ltd. (TSXV:NGEX) ("NGEx Minerals" "NGEx" or the "Company") is pleased to report its results for the three months ended March 31, 2022. View PDF. Q1 2022 HIGHLIGHTS Drilling at Los Helados (Region III, Chile) confirms continuity of high-grade mineralization within gaps in the previous drill pattern and confirms extension of high-grade core; and Initial 8-hole drill campaign at Valle Ancho (Catamarca Province, Argentina) discovers a new copper-gold porphyry system and expands near-surface oxide gold zone. Commenting on the results Wojtek Wodzicki, President and CEO stated, "The initial results from the ongoing brownfield drill program at Los Helados have confirmed continuity of the high-grade core of the deposit and extension of this high-grade material in multiple areas. Infilling the high-grade zone and testing areas for potential extension are critical first steps for unlocking value at Los Helados as the Company moves towards refining its geological model and ultimately evaluating alternate development and mine planning strategies. We also completed our first greenfield drill campaign at the Valle Ancho copper-gold project in Catamarca Province, Argentina during the first quarter. The resulting discovery of a near-surface copper-gold porphyry system and expansion of a separate oxide gold zone have demonstrated the prospectivity that exists at this large and underexplored land package. It has been an exciting start to the year, and we look forward to building on these successes." 2022 Los Helados Drill Program Delivers Continuity and Extension of High-grade Mineralization The 2022 drill program at Los Helados copper-gold project is currently ongoing with three rigs and is anticipated to continue until mid-June, coinciding with the onset of winter weather in South America. The program is designed to further define and potentially extend the high-grade core of the Los Helados deposit, which is defined by a 0.7% copper equivalent ("CuEq") grade shell within the current Mineral Resource model. The program also includes holes to test targets where geological and geophysical modelling suggests potential for satellite high-grade zones. To date seven holes have been completed, with an additional three currently underway. The Company has received and released assay results for its first three completed holes of the 2022 campaign, the highlights of which are summarized as follows: LHDH073 infilling a 180m gap between previously completed holes and confirming continuity of the strong mineralization within the deposit's high-grade core (see News Release dated April 26, 2022); LHDH074 infilling an area where spacing between previous holes was between 170m and 270m and adding high-grade mineralization above and below the 0.7% CuEq grade shell (see News Release dated May 16, 2022); and LHDH075 extending the high-grade zone to the south (see News Release dated May 16, 2022). Hole-ID From (m) To  (m) Length (m) Cu (%) Au (g/t) Ag (g/t) CuEq1 (%) LHDH073 124.0 1,000.0 876.0 0.56 0.28 2.1 0.74 incl. 216.0 912.0 696.0 0.60 0.31 2.2 0.80 incl. 314.0 524.0 210.0 0.76 0.45 2.8 1.06 LHDH074 42.0 1,058.3 1,016.3 0.45 0.31 1.9 0.65 incl. 136.0 890.0 754.0 0.52 0.30 2.0 0.71 and incl. 210.0 504.0 294.0 0.60 0.41 2.1 0.87 and incl. 606.0 746.0 140.0 0.64 0.29 2.5 0.83 and incl. 816.0 890.0 74.0 0.58 0.25 2.5 0.74 LHDH075 14.0 922.0 908.0 0.39 0.24 1.3 0.55 incl. 88.0 652.0 564.0 0.47 0.29 1.4 0.65 incl. 222.0 602.0 380.0 0.51 0.31 1.6 0.70 incl. 222.0 378.0 156.0 0.59 0.42 1.7 0.86 1 CuEq for drill intersections is calculated based on US$ 3.50/lb Cu, US$ 1,700/oz Au and US$ 20/oz Ag, with metallurgical recoveries of 88% for copper, 76% for gold and 60% for silver based on a comprehensive programof metallurgical testwork. The formula is: CuEq % = Cu % + (0.6117 * Au g/t) + (0.0057 * Ag g/t). Intersections of the high-grade zone by these holes are respectively represented by the 696m interval commencing at 216m for LHDH073, the 754m interval commencing at 136m for LHDH074, and the 380m interval starting at 222m for LHDH075. The results from the first three holes of the 2022 program continue to validate the Company's improved understanding of the deposit's geology, and provide valuable information for the Company to further refine its understanding of the controls on the higher grades at Los Helados and highlight areas for potential further extension thereof. The following is a summary of the other completed holes for which assays are pending, and the holes currently in progress: Hole Status Objectives LHDH076 Completed To test the gap between the main high-grade zone and thewestern zone of the deposit and to test potential extension of the western zone. LHDH077 Completed To test ...Full story available on Benzinga.com.....»»

Source:  benzingaCategory: earnings~2 hr. 40 min. ago Related News

Virginia lawmaker calls on Barnes & Noble, schools to stop selling, lending ‘Gender Queer’ book to minors

Virginia lawmaker and attorney Tim Anderson is seeking a restraining order against Virginia Beach Schools and Barnes & Noble bookstores over books he says are not suitable for children because they contain "obscene" content......»»

Source:  foxnewsCategory: top~2 hr. 40 min. ago Related News

Drought, high temperatures could cause blackouts in large parts of the US this summer

Large parts of the United States could see blackouts this summer due to supply chain issues compounded by extreme weather conditions such as draught and high temperatures, according to a North American Electric Reliability Corp report......»»

Source:  foxnewsCategory: top~2 hr. 40 min. ago Related News

Biden interior secretary won"t say if gas prices are "too high" when asked by Republican senator

Biden interior secretary Deb Harland refused to say if gas prices were "too high" during a Senate hearing on Thursday when questioned by Sen. John Barrasso, R-Wyo......»»

Source:  foxnewsCategory: top~2 hr. 40 min. ago Related News

Phoenix Business Journal"s Most Admired Leaders 2022: Michael White

The Phoenix Business Journal's Most Admired Leaders class of 2022 talk about their greatest career achievements, their leadership style and share their best advice......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

2022 Life Sciences Awards: Syneos Health

Meet the winners in our 2022 Life Sciences Awards!.....»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Shaking things up: Livingston"s Soda Fountain & Grill in Brownsville

Livingston's is located on the Brownsville town square. It was once the post office, and later Livingston's Furniture. The Pettigrews kept the name......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Data Deep Dive: Memphis colleges among most competitive in the state

Competition to get into American colleges is increasingly fierce. According to a recent Business Journals analysis of data reported to the U.S. Department of Education, the average admission rate nationally was 60.6%. The survey looked at 1,230 colleges with at least 1,000 applications. The competition is a little less stiff at Tennessee colleges, where the average admission rate is 62.5%. Memphis schools occupied two of the top three spots for the most competitive colleges in the state. Christian….....»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Phoenix Business Journal"s Most Admired Leaders 2022: Shar Najafi-Piper

The Phoenix Business Journal's Most Admired Leaders class of 2022 talk about their greatest career achievements, their leadership style and share their best advice......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

2022 Life Sciences Awards: HIPP Design + Consulting

Meet the winners in our 2022 Life Sciences Awards!.....»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Phoenix Business Journal"s Most Admired Leaders 2022: Timothy Radden

The Phoenix Business Journal's Most Admired Leaders class of 2022 talk about their greatest career achievements, their leadership style and share their best advice......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Phoenix Business Journal"s Most Admired Leaders 2022: Venu Raghavan

The Phoenix Business Journal's Most Admired Leaders class of 2022 talk about their greatest career achievements, their leadership style and share their best advice......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

2022 Life Sciences Awards: Kymanox

Meet the winners in our 2022 Life Sciences Awards!.....»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

Phoenix Business Journal"s Most Admired Leaders 2022: RoAnn Thorne

The Phoenix Business Journal's Most Admired Leaders class of 2022 talk about their greatest career achievements, their leadership style and share their best advice......»»

Source:  bizjournalsCategory: top~2 hr. 40 min. ago Related News

JLL completes six leases at Tower 45 in Midtown Manhattan

JLL has completed six leases for a total of 39,471 square feet of space at Tower 45, located at 120 West 45th Street in Manhattan, on behalf of owner Kamber Management Company. The Dearie Law Firm leased the entire 13,969 square feet 16th floor for 10 years, and Lipsky Goodkin... The post JLL completes six leases at Tower 45 in Midtown Manhattan appeared first on Real Estate Weekly. JLL has completed six leases for a total of 39,471 square feet of space at Tower 45, located at 120 West 45th Street in Manhattan, on behalf of owner Kamber Management Company. The Dearie Law Firm leased the entire 13,969 square feet 16th floor for 10 years, and Lipsky Goodkin & Co., P.C. signed a 10-year renewal for 10,093 square feet across the entire seventh floor. Also at Tower 45, Critical Trading, LLC renewed its lease of 2,674 square feet on the second floor for five years; The McPherson Firm, PC renewed for three years with 4,750 square feet on the partial 28th floor; Berg & Androphy renewed for 3,084 square feet for 18 months for the partial 38th floor; and Stan Johnson Company leased 4,901 square feet on the 26th floor for five years. JLL was selected as exclusive leasing agent for Tower 45 by Kamber Management Company in December 2019. The JLL professionals representing the owner include Paul N. Glickman, vice chairman; Diana Biasotti, senior vice president; Kyle Young and Kip Orban, vice presidents; and Kate Roush, associate. Tenants Critical Trading, LLC and The McPherson Firm, PC, were represented in-house. The Dearie Law Firm was represented by Gary Ceder, managing director with Cushman & Wakefield; Lipsky Goodkin & Co. was represented by Savills executive managing directors Erik Schmall and Scott Weiss; Berg & Androphy was represented by Arash Sadighi, co-founder of Venture Capital; and Stan Johnson Company was represented by Gregory Albert, assistant director with Savills. The Class-A, 458,446-square-foot office tower is undergoing a multimillion-dollar capital improvementprogram to create a dynamic contemporary destination. The improvement program includes a thoroughrejuvenation of the lobby and atrium, and the addition of a new amenity center focused around addressing tenant health and wellness. The lobby renovations were designed by Pei Cobb Freed &Partners and the amenity center is being designed by MKDA New York. Construction has already begunon the amenity center and atrium and Kamber is finalizing construction on the lobby renovation project. The 40-story building was designed by Swanke Hayden Connell Architects and constructed in 1988. Thebuilding features AtmosAir, the world-class air purification system, along with a tenant-controlledcooling system for individual rooms, state-of-the-art security management and expertly trainedprofessionals. “Kamber Management Company is forward-thinking property owner that has positioned this building tosupport tenants in employee attraction and retention,” said Young. “The leasing momentum in theproperty confirms that tenants are responding to high-quality spaces with significant amenity packages.” “The new amenity center at Tower 45 is designed to offer safe, private areas for calls, meetings and reflection,” said Biasotti. “The building prioritizes tenant health while offering easy access to neighborhood amenities such as restaurants, shops and entertainment.” Steven Levy, President of Kamber Management Company commented, “We have new art and sculpturecoming to the Atrium and Lobby this spring to enhance our tenants’ experience and the overall beauty ofthe entrance. Our flexible, efficient floor plates with plenty of light and the cleanest air, provide creative space solutions for a better, healthier workplace. The entire Kamber team is excited to offer our tenantsthe best in New York City work environments.” JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the mostrecognized industry experts offering brokerage, capital markets, property/facilities management,consulting, and project and development services. The post JLL completes six leases at Tower 45 in Midtown Manhattan appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~2 hr. 53 min. ago Related News

Adams & Co. Completes Four Deals Totaling 22,438 Square Feet at 23rd Street Complex

Adams & Co. Completes Four Deals Totaling 22,438 Square Feet at 23rd Street Complex.....»»

Source:  realestateweeklyCategory: realestate~2 hr. 53 min. ago Related News

Parkview Financial Provides $21.5 Million Loan for Vacant Hotel Acquisition and Conversion to Apartments/Retail in Newark, NJ

Parkview Financial announced today it has provided a $21.5 million loan to Broad Street Ventures Urban Renewal, LLC, an entity of Winchester Equities, LLC, for the purchase and conversion of a currently vacant, 13-story, 90,000-square-foot (sf) hotel into a 106-unit multifamily building with a 7,500-sf ground floor restaurant. Located at 810... The post Parkview Financial Provides $21.5 Million Loan for Vacant Hotel Acquisition and Conversion to Apartments/Retail in Newark, NJ appeared first on Real Estate Weekly. Parkview Financial announced today it has provided a $21.5 million loan to Broad Street Ventures Urban Renewal, LLC, an entity of Winchester Equities, LLC, for the purchase and conversion of a currently vacant, 13-story, 90,000-square-foot (sf) hotel into a 106-unit multifamily building with a 7,500-sf ground floor restaurant. Located at 810 Broad Street in Newark, NJ, the project is now underway with completion anticipated for late 2022. Once renovated, the property will include a unit mix of 98 micro-studios each totaling approximately 357 sf and eight one-bedroom units ranging between 664 sf and 695 sf. All of the apartments will come fully furnished with 22 slated for low-income housing. The interiors will feature high-end murphy bed solutions, shelving, storage areas, modern kitchenettes, wine coolers, 65” smart TVs, video conferencing technology, and smart thermostats, among other upgrades. The property will also offer common area amenities such as a fitness center, a spa, laundry facilities on each floor, a co-working lounge, a party room, a café, and the only rooftop bar in Newark with views of New York City. “This will be Winchester Equities’ fifth project in Newark,” said Paul Rahimian, CEO and Founder of Parkview Financial. “Parkview saw this as a favorable opportunity to lend to an experienced developer and owner. We believe that this strategically located asset will be attractive to college students and young professionals within this rapidly growing Essex County submarket.” Located across from The Prudential Center, the property provides excellent access to local transportation such as the PATH train to New York City and the New Jersey Transit train. 810 Broad Street was built in 1912 as the headquarters of First National State Bank and was designed by Cass Gilbert, who also designed the U.S. Supreme Court building in Washington D.C. and the Woolworth Building in New York City. In 2014, the building underwent a $29 million hotel conversion renovation. Winchester Equities recently completed a 63-unit luxury apartment building at 45-53 William Street (William House) and is currently underway on a 60,000-fs multifamily renovation at 303 Washington Street. The post Parkview Financial Provides $21.5 Million Loan for Vacant Hotel Acquisition and Conversion to Apartments/Retail in Newark, NJ appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~2 hr. 53 min. ago Related News

Gaia Real Estate Announces Full Exit Of Copperfield Portfolio

Gaia Real Estate announced today that it has fully exited its investment in the Copperfield Portfolio in Houston, TX. The 5-property portfolio, consisting of 1,376 multifamily units, was acquired in 2015 due to favorable long-term fundamentals and strong potential in the Northwest Houston market. The total Sunbelt dispositions to date,... The post Gaia Real Estate Announces Full Exit Of Copperfield Portfolio appeared first on Real Estate Weekly. Gaia Real Estate announced today that it has fully exited its investment in the Copperfield Portfolio in Houston, TX. The 5-property portfolio, consisting of 1,376 multifamily units, was acquired in 2015 due to favorable long-term fundamentals and strong potential in the Northwest Houston market. The total Sunbelt dispositions to date, which included 50 garden-style properties encompassing 14,729 units has generated consideration in excess of $1.5 billion. “We are pleased to have successfully executed our business plan for the Copperfield Portfolio and proud to have delivered significant value to our investors,” said Danny Fishman, CEO of Gaia Real Estate. “With this sale we have completed our strategy to exit most of what we think are overpriced Sunbelt markets and plan to redeploy capital into New York City metro properties and elsewhere where we can realize higher returns. We believe selling class B apartments at cap rates of 3%, even with added value, maximized our financial potential. We saw, and see in NYC, potential to deploy capital at much higher returns, even with the risks in the city that we are aware of.“ Gaia executed a capital improvement plan throughout the Copperfield Portfolio that oversaw the upgrade of clubhouses and other amenities spaces including swimming pools, state-of-the- art fitness centers, controlled access gates, laundry facilities, and children’s playgrounds. Select units were upgraded with stainless steel appliances, wood flooring, granite-style countertops, and new cabinets. The Copperfield Portfolio is located primarily within the 2,000-acre Copperfield Master-Planned Community in Northwest Houston and sits within the Cypress-Fairbanks School District, which is considered one the of the top school systems in the metropolitan area. The property surrounds a booming industry corridor where many world-renowned corporations in energy, healthcare, engineering, and chemicals are headquartered. The post Gaia Real Estate Announces Full Exit Of Copperfield Portfolio appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~2 hr. 53 min. ago Related News

The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award

New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late... The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly. New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late 2021 in the Powerhouse Arts District of the gold coast of Jersey City.  The development, located in a FEMA flood zone, required flood mitigation measures and stormwater management systems that were evaluated and developed by Dresdner Robin. The firm also provided flood certifications, construction survey layout control, and streetscape and site lighting design. “This project transformed a previously vacant and unsightly lot,” said Dresdner Robin’s Mark Vizzini, the Associate Director of Land Development. “It was engineered and designed to keep true to the neighborhood’s industrial and arts-based past. And, with the precision and detail that went into the structure, it has become an anchor for the Powerhouse Arts District, so we’re thrilled to see the recognition it deserves.” The Canopy Hotel, located at 159 Morgan Street, is situated along the former industrial and manufacturing corridor of the Powerhouse Arts District. Within the last 6 years, the area has been redeveloped to include high-rise luxury residential, office space, and arts-centered construction projects, several of which Dresdner Robin has contributed to. The ULI Northern New Jersey Awards for Excellence, widely known as the most prestigious by the real estate and land use industry, began in 1979 to recognize superior development efforts in the private, public, and nonprofit sectors. Winning projects represent the highest standards of achievement in the development industry. Finalists and winners are selected by the ULI jury, which represents a range of panelists from various geographic locations and many areas of real estate and land use expertise, including finance, planning, development, public affairs, design, and professional services, among others. Project partners of the Canopy Hotel include Panepinto Properties, The Kabr Group, Three Wall Capital and Greentree Construction. Along with a bar and bistro located at the ground level, the hotel includes 1,400 square feet of meeting space, a 24-hour fitness studio and guest areas for live events. An outdoor terrace with seating and a green wall for seasonal plantings is also available, which was designed by Dresdner Robin’s team of landscape architects. The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~2 hr. 53 min. ago Related News

TSMC to move CoWoS-L technology to commercial production in 2 years

TSMC's CoWoS-L is the latest CoWoS process variant, and is expected to kick off commercial production in 2023-2024, according to industry sources. The offering is designed to target AI-specific training chips......»»

Source:  digitimesCategory: top~3 hr. 8 min. ago Related News

IC design houses bracing for cutback in orders from China handset brands

Taiwan-based IC design houses particularly LCD driver IC firms continue to see their China-based handset clients decelerate their pace of orders, bracing for a potential cutback in the orders for the rest of this year, according to industry sources......»»

Source:  digitimesCategory: top~3 hr. 8 min. ago Related News

Acer enjoys robust commercial notebook sales

Acer has enjoyed robust commercial notebook sales despite the impact of inflation and the Russia-Ukraine war on its overall sales performance, according to company CEO and chairman Jason Chen. Acer's eco-friendly green PCs are also seeing growth......»»

Source:  digitimesCategory: top~3 hr. 8 min. ago Related News

Mobo, graphics card makers to post substantial shipment drops in 2Q22

Motherboard and graphics card makers including Asustek Computer, Gigabyte Technology, and Micro-Star International (MSI) are all expected to post substantial drops in second-quarter shipments amid falling notebook and PC demand, according to industry sources. The decline is also attributed to the effect of the COVID-induced lockdowns in China on the global supply chain, the impact of the Russia-Ukraine war on raw material supply, and pressure from global inflation......»»

Source:  digitimesCategory: top~3 hr. 8 min. ago Related News

Toyota BEV lands in Taiwan

Hotai Motor, Toyota Motor's distributor in Taiwan, has unveiled the Japanese carmaker's battery electric vehicle (BEV) model bZ4X. It is Toyota's first BEV model arriving in Taiwan and part of its plan to launch 30 BEV models by 2030......»»

Source:  digitimesCategory: top~3 hr. 8 min. ago Related News

Rickards: "We Are On The Precipice"

Rickards: "We Are On The Precipice" Authored by James Rickards via DailyReckoning.com, I don’t believe many people grasp the enormity of the global food crisis we’ll be facing in the months ahead. But the world could be on the verge of a massive humanitarian crisis. Let’s dive in… The supply chain collapse preceded the war in Ukraine, but the war has only intensified the problems. You can see it with your own eyes when you walk into a supermarket and find long stretches of empty shelves in stores that used to be chock-full of food and other merchandise. Even goods that are available such as gasoline are being sold at much higher prices. Prices for gasoline (and diesel, which is critical for goods transportation) have more than doubled in the past nine months. All of this is clear. The question is will it get worse from here? Unfortunately, the answer is yes. Bob Unanue is the CEO of Goya Foods, which is one of the largest food distributors in the world. Few people are better positioned to assess the global food situation than Unanue, who deals with raw food deliveries on the one hand and retail customers on the other. Unanue is now warning, “We are on the precipice of a global food crisis.” Other experts are quoted making a similar point. That’s not hyperbole or fearmongering, but a serious analysis. Here’s why… 29% of All Wheat Exports in Jeopardy In the Northern Hemisphere, the planting season for 2022 is well underway. Crops were planted (or not) in March and April. Based on that, you can already form estimates of output next September and October during the harvest season (subject to some variability based on weather and other factors). Plantings have been far below normal in 2022, either due to a lack of fertilizer or to much higher costs for fertilizer where farmers simply chose to plant less. This predictable shortage is in addition to the much greater shortages due to the fact that Russian output is sanctioned and Ukrainian output is nonexistent because it’s at war. Russia and Ukraine together account for 29% of global wheat and 19% of global corn exports. Russia and Ukraine together produce 29% of all the wheat exports in the world. That doesn’t mean they grow 29% of the wheat in the world. It means they grow 29% of the wheat exports. The U.S., Australia, Canada and others grow a lot of wheat but consume most of it themselves. They export relatively little. Importantly, they don’t simply eat it. They feed it to their farm animals. People don’t often make the connection between grain and animal products, but it’s critical. Many countries get 70–100% of their grains from either Russia or Ukraine or both. Lebanon gets 100%. Egypt is over 70%. Kenya, Sudan, Somalia, many central African countries and Jordan and other Middle Eastern countries receive much of their grain from Russia or Ukraine. No Planting, No Crops But it’s worse than that because not only are many Ukrainian exports shut down now, but the planting season is nearly over. And you’re not going to get any grain in October if you didn’t plant it in April or May. And they didn’t for obvious reasons. What that means is you project ahead to October, November, December of this year, those countries I mentioned are not going to be able to get their grain supplies. There simply aren’t going to be any, or they’ll be greatly reduced. The combined population of countries that get between 70% and 100% of their imports from Russia or Ukraine is 700 million people. That’s 10% of the global population. So you’re looking at mass starvation. You’re looking at a humanitarian crisis of unprecedented proportions, probably the worst since the Black Death of the 14th century. That’s coming down the road, even if most people can’t see it coming or fully fathom the depths of the coming crisis. In short, we know enough now to predict much higher prices, empty shelves and, in some cases, mass starvation in the fourth quarter of this year and beyond. Beyond the humanitarian aspect of the coming food shortages, there are also potentially serious social and geopolitical ramifications. Another Arab Spring? You remember the “Arab Spring” starting in 2010. It started in Tunisia and spread from there. Well, it was triggered by a food crisis. There was a shortage of wheat, which triggered the protests. There were underlying problems in these societies, but a food crisis was the catalyst for the protests. Now, many poorer countries in the Middle East and Africa are facing a much greater crisis as the impact of shortages manifests itself later this year and into next year. Will we see even more social unrest than in 2011? It’s very possible, and it could be even more destabilizing than the Arab Spring. We could also see waves of mass migration from Africa and the Middle East as desperate and hungry people flee their homelands. Europe endured a wave of mass immigration in 2015. Many migrants were attempting to flee the war in Syria, but there were great amounts of people who weren’t affected by the war. They were just seeking better lives in the welfare states of Europe. Mass starvation could trigger an even greater migration, which would present Europe with enormous challenges. The United States could also witness another wave of migration at the southern border, which is currently being inundated by migrants. A global food crisis could send the numbers spiraling to uncontrollable limits. What if the War Drags On? And what if the war in Ukraine drags on well into next year? Next year’s growing season would also be disrupted and the shortages could extend into late 2023 and beyond. Well, maybe some would argue that other nations could pick up the slack and grow additional grain. That’s nice in theory, but it’s not that simple. Russia is the largest exporter of fertilizer, and sanctions are cutting off supplies. Many farmers cannot get fertilizer at all, and those who can are paying between twice and three times last year’s price. That means that crops actually produced will have much higher prices because of the higher price of inputs such as fertilizer, and the higher transportation costs due to higher prices for diesel and gasoline. Like I said earlier, we’re looking at a humanitarian crisis of unprecedented proportions, probably the worst since the black death of the 14th century. And we’re not prepared to handle it. Tyler Durden Thu, 05/19/2022 - 21:20.....»»

Source:  nytCategory: deals~3 hr. 23 min. ago Related News

68% Of CEOs Say Fed Policy Is About To Trigger A Recession

68% Of CEOs Say Fed Policy Is About To Trigger A Recession No matter how many Tom Lees and Marko Kolanovics CNBC wants to roll out to try and play things off like everything is fine, most CEOs - who spend their time in the real world instead of "analyzing" it - are bracing for a recession.  In fact, "CEO confidence has tumbled to the weakest level since the beginning of the Covid-19 pandemic", a new report from CNN, citing The Conference Board, said this week. CEO confidence is now negative for the first time during the economic expansion, the report notes. The C suite is bracing for a turndown as a result of Fed policy, the report notes.  68% of CEOs expect that Fed policy is going to trigger a recession, according to a survey fielded between April 25 and May 9 which looked at the responses of 133 CEOs. Despite this, only 11% of these CEOs are predicting a "hard landing". Most CEOs said they expect a "very short, mild" recession. We'll make sure to keep an eye on this figure as we progress further into 2022, especially if the Fed decides to hold course.  Dana Peterson, The Conference Board's chief economist, said: "Businesses are being challenged on so many fronts right now and CEOs have elevated expectations of a recession." 61% of CEOs surveyed also said that economic conditions have worsened over the last 6 months. This compares to 35% who said the same in Q1. Only 14% of CEOs said they see "improving economic conditions".  Mike Sommers, CEO of the American Petroleum Institute, commented: "Recessionary-concerns are real." He added that recessions often follow interest rate hikes.  Despite this, there are some "economists" who continue to argue that recession isn't necessarily imminent. RSM chief economist Joe Brusuelas concluded: "Concerns about an immoderate near term recession are generally overblown. The Fed is attempting to thread the needle while wearing boxing gloves and a mouth guard which reduces its degrees of freedom to act without causing damage to the real economy." Tyler Durden Thu, 05/19/2022 - 21:40.....»»

Source:  nytCategory: deals~3 hr. 23 min. ago Related News

Dow Jones Newswires: Shares of Chinese EV-maker NIO rise in Singapore debut

Chinese electric-car maker NIO Inc.'s shares surged in their debut on the Singapore Exchange on Friday, a listing that comes amid a volatile period for global equities......»»

Source:  marketwatchCategory: top~3 hr. 23 min. ago Related News

Dow Jones Newswires: China’s PBOC cuts 5-year benchmark lending rate

China's central bank on Friday lowered the benchmark lending rate for loans with tenors of five years or more, a move that could help lower financing costs for struggling businesses......»»

Source:  marketwatchCategory: top~3 hr. 23 min. ago Related News

Earnings Results: Deckers sold $2 billion worth of Ugg boots in record year, stock jumps 14%

Deckers Outdoor Corp. wrapped up a record year with roughly $2 billion in sales of Ugg boots, pushing the company to an earnings beat and a soaring stock price Thursday......»»

Source:  marketwatchCategory: top~3 hr. 23 min. ago Related News

Former Russian colonel who criticized Ukraine war on state TV now says Russia can still win with its full might

"When a country buys Western-made equipment, sometimes it malfunctions or stops working, right in the middle of the battle," the analyst said. Dr Andrei Illarionov said every two and a half days a billion euros comes into Putin's pockets from demand for energy.Pool Sputnik, AP A former Russian colonel openly criticized the Ukraine war on state TV on Monday. Mikhail Khodaryonok told his co-hosts and viewers not to take "information tranquilizers." On Thursday, he was boasting about Russia's military strength and downplaying western weapons. A retired Russian colonel and current defense columnist who openly criticized the country's military campaign on state TV earlier this week reversed course in a new segment, boasting about Russia's military might.On Monday, Mikhail Khodaryonok urged viewers to not accept the Russian state's narrative about the war at face value. By Thursday, Khodaryonok had changed his tune. Instead of criticizing Russian logistical failures, he bragged about Russia's military might and condemned western-made weapons."When a country buys Western-made equipment, sometimes it malfunctions or stops working, right in the middle of the battle," he said Thursday on Russia's notoriously monitored state media. "Our arms we supply to our buyers are different in their reliability, you get exactly the weapons described.""I just want to say: don't rush, don't rush," Khodaryonok said. "The Russian Federation is yet to utilize even one-tenth of its military-economic potential."—Julia Davis (@JuliaDavisNews) May 19, 2022Earlier in the week, Khodaryonok appeared with a panel of guests and was surprisingly frank in his criticism of the professionalism and logistical failures of the Russian military. "First of all, I must say, we should not take information tranquilizers," Khodaryonok told a panel on Monday, referring to reports about low morale in Ukraine's army. "All of that, put mildly, is false."In Monday's appearance, he also ridiculed Russia's threats against Finland after it applied to join NATO. Last week, the long-neutral Scandinavian country signaled its readiness to apply to NATO amid Russia's invasion. "Don't saber-rattle," Khodaryonok said in his appearance, referring to Russia's threats to attack Finland. "Don't engage with saber-rattling with missiles in Finland's direction," adding that it's such a poor tactic that it's almost "amusing." Khodaryonok on Monday urged viewers "to maintain a sense of military-political realism." On Thursday, he instead aimed a critique at Ukrainian politicians who he claimed were celebrating military gains prematurely.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 39 min. ago Related News

Videos show Russian soldiers leading a group of Ukrainian captives at gunpoint moments before they were executed in Bucha, report says

A New York Times investigation included video that showed Ukrainian captives being marched in a single file while flanked by armed Russian troops. A Ukrainian serviceman walks amid destroyed Russian tanks in Bucha, on the outskirts of Kyiv, Ukraine, April 6, 2022.AP Photo/Felipe Dana, File A photo taken in Bucha in April showed a group of Ukrainian men who appeared to have been executed. A NYT investigation showed the men were in custody of Russian troops before apparently being killed. A video showed the Ukrainian captives being marched in a single file and flanked by Russian troops. Videos from Bucha, Ukraine, appeared to show a group of Ukrainian captives being led at gunpoint by Russian troops moments before they were executed.The videos, obtained and verified by The New York Times, were taken on March 4 by a security camera and a civilian who witnessed the ordeal.The security camera footage showed a group of nine Ukrainians hunched over, holding the pants of the person in front of them and some with their hands placed over their heads, crossing a street in a single file. Two Russian soldiers with guns can be seen at the front and back of the group, directing the line.Eight witnesses told The Times the captives were then taken behind an office building, gunshots were heard, and the group did not reappear. Additional drone footage obtained by The Times confirmed the witness accounts, showing the groups' bodies beside an office building as Russian soldiers stood over them.The videos were not independently verified by Insider.The group of apparently executed men from the videos were also seen in a photo taken April 3. The Times said its investigation, published Thursday, uncovered the "clearest evidence yet" that Russian forces intentionally executed the group, "directly implicating these forces in a likely war crime."Reports of atrocities and executions poured out of Bucha, a suburb of Kyiv, after Russian forces began retreating in late March. Stories and images from Bucha fueled international calls for a war crimes trial against Russia.Russian officials have repeatedly dismissed reports of atrocities committed in Bucha, calling them "fake."Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 39 min. ago Related News

Adoption of QLC SSDs to accelerate in 2023

Chipmakers' entry into the race for 200-plus-layer 3D NAND flash chips will be accelerating the adoption of QLC SSDs particularly in the consumer sector in 2023, according to industry sources......»»

Source:  digitimesCategory: top~3 hr. 54 min. ago Related News

U.S. Leisure Travel Is Back at Pre-Pandemic Levels for the First Time

People are heading off on vacation, despite a surge in cases and higher airfares globally US consumers are spending less on products and more on experiences — a trend that could ease supply snags and inflationary pressures, and help the travel industry this summer. For the first time since COVID halted movement around the world, leisure travel has returned to 2019 levels, according to a report released by the Mastercard Economics Institute. People are feeling more comfortable heading off to far flung adventures, despite a surge in cases and average airfares jumping 18% globally since the start of the year. “If flight bookings continue at their current pace, an estimated 1.5 billion more passengers globally will fly in 2022 compared to last year,” the report said, “with Europe seeing the biggest increase — about 550 million.” [time-brightcove not-tgx=”true”] Read More: What to Do If You Test Positive for COVID-19 While Traveling Short and medium-haul flights are up 25% and 27% in April over the same period in 2019. Long-haul trips, which started the year 75% below pre-pandemic levels, rebounded to just 7% below 2019 by the end of April. Passenger rail is similarly close, with buses back to where they were. Spending on cruises started the year 75% off the 2019 peak and are now just 10% shy of a full recovery. Pent-up demand for experiences appears to be driving the wanderlust with tourist spending on nightclubs and bars up 72% above 2019 levels, restaurants up 31%, and other recreational activities like museum, concerts and amusement parks up 35%, according to the report. By comparison, tourist spending is down for retail goods like clothes and cosmetics. The report found the most popular international destination in March for travelers leaving North America was Mexico, and departing Europe, Middle East and Africa, was the UK. The US tops the list for those traveling from Latin America, the Caribbean, and the Asia-Pacific regions......»»

Source:  timeCategory: top~3 hr. 54 min. ago Related News

The CDC recommends a booster shot for 5-11s as new Omicron subvariants emerge

Most kids haven't even had their first COVID-19 shot yet. Public health experts are concerned they're most at risk as new variants emerge. Paul Hennessy/SOPA Images/LightRocket via Getty Images A group of expert advisors to the CDC voted "yes" to a third COVID shot for kids 5-11 Thursday. The CDC director quickly signed off on the boosts, making them available to the public. But most kids won't be eligible, because they haven't had 1 shot yet. "I'm very concerned about the BA.4 and BA.5 variants," one infectious disease expert said. "I would give my children this booster." Booster shots of COVID-19 vaccines are now recommended for everyone 5 and up.An influential group of independent advisors to the Centers for Disease Control and Prevention voted near-unanimously to recommend a booster dose of Pfizer's COVID-19 vaccine for kids ages 5 to 11 on Thursday afternoon.The CDC director quickly signed off on the move Thursday night, making boosts available to fully vaccinated schoolkids nationwide.Experts hotly debated the merits of even bothering to endorse a third COVID shot in the 5 to 11 age group, at a time when fewer than a third of school-age kids are fully vaccinated with two doses."Only 30% have received at least one" shot, committee member Dr. Helen Keipp Talbot, the lone 'no' vote said at the end of the CDC meeting, pointing out how few kids are fully vaccinated against COVID."Boosters are great, once we've got everyone their first round."Ultimately, though, doctors and nurses at the meeting by and large coalesced around the idea that three doses of this vaccine is better than two, especially now that new and highly-contagious Omicron sub-variants are circulating. 'I would give my children this booster'Paul Hennessy/SOPA Images/LightRocket via Getty Images"I'm very concerned about the BA.4 and BA.5 variants," committee member and infectious disease expert Dr. Camille Kotton said, referring to some of the newest Omicron sub-variants. "We really need optimal vaccine protection," she added, saying: "I would give my children this booster."COVID-19 was the 11th leading cause of death among children 5-11 years old in 2020, and hospitalizations and deaths in kids, while still rare, have only gone up since the Omicron variant emerged. More than 180 children between the ages of 5 and 11 have died from COVID in the US. Pfizer presented data during the CDC meeting showing that a third dose dramatically improves childrens' immune response, bolstering their defenses against the virus.Data the CDC released in April showed that vaccinated kids are better protected against severe illnesses: 87% of children aged 5 to 11 who were hospitalized with Omicron were unvaccinated, and the agency estimates that roughly 1,000 hospitalizations were prevented in the age group through vaccination.Children are also more likely than adults to develop MIS-C, a rare heart inflammation linked to COVID. The CDC says 93% of MIS-C cases in 5 to 11s have been among unvaccinated kids.Does my kid really need another shot now?Dr. Sarah Long, a committee member, pointed out that a lot of children recently had Omicron infections, and it may be worth waiting three months post-infection to boost them, as the CDC recommends for improved immune response."I would say that all children 5 to 11 should at some time have a third dose," she said. "The timing of that dose depends."Lynn Bahta, another committee member, and an infectious disease specialist with Minnesota's Department of Health, said parents should understand that third doses are probably on the horizon for all kids at some point — a regimen of at least three shots is already the gold standard for many other pediatric vaccinations.   "I keep struggling with the terminology of 'booster' dose," Bahta said. "I would hate to suggest that that third dose isn't necessary." Arm pain is the most common side effect9 year old Nyla Varner getting a COVID-19 shot.Francine Orr / Los Angeles Times via Getty ImagesPfizer's kid-sized booster shot is the exact same thing as the two primary doses that children 5 to 11 already get, and it is only 33% of the amount of vaccine that adults and teenagers receive.Pfizer presented data during the CDC meeting showing that the most common third dose side effect for kids 5 to 11 in trials was mild to moderate arm pain, reported in more than 70% of cases. Fatigue and headaches were the second and third most common side effects. 46% of kids who got a third shot reported fatigue, and 34% reported headaches, while fewer than 7% reported fevers, the company said."Children 5 through 11 should receive a booster dose at least 5 months after their primary series," CDC Director Rochelle Walensky said in a statement. "With over 18 million doses administered in this age group, we know that these vaccines are safe, and we must continue to increase the number of children who are protected."Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 56 min. ago Related News

Kellyanne Conway says her husband was "cheating by tweeting" his disdain for former President Trump in her new memoir

While both conservative, Kellyanne and George Conway have had contrasting opinions of former President Donald Trump. Samuel Corum/Stringer/Getty Images Kellyanne and George Conway have famously been at odds with former President Donald Trump. The former Trump advisor wrote in her new memoir that it impacted their marriage. She wrote his "daily deluge of insults-by-tweet against my boss ... violated" their marriage vows. Conservative political consultant Kellyanne Conway and her husband, George Conway, have vastly contrasting opinions of former President Donald Trump – and the differences made their way into the couple's marriage.In her new memoir, "Here's the Deal," the former Trump advisor wrote about the strain of her husband's blatant disapproval of her boss, according to an excerpt published in People Magazine. The two have remained married despite the turmoil of their relationship and the public attention from statements their daughter, Claudia made about them on social media.Kellyanne, 55, said in her book — which is set to be released on May 24 — that her husband, an attorney, spent long periods of time in New York for work while she and the kids were in DC."During this time, the frequency and ferocity of his tweets accelerated. Clearly, he was cheating by tweeting," she wrote. "I was having a hard time competing with his new fling."George Conway, 58, frequently used his platform to criticize Trump, who he'd introduced to Kellyanne Conway before later disapproving of his political stances and actions. "Don't assume that the things he says and does are part of a rational plan or strategy, because they seldom are," George Conway tweeted once in 2019. "Consider them as a product of his pathologies, and they make perfect sense."Trump, now banned from Twitter, responded: "George Conway, often referred to as Mr. Kellyanne Conway by those who know him, is VERY jealous of his wife's success & angry that I, with her help, didn't give him the job he so desperately wanted."Kellyanne Conway said Trump only mentioned George Conway to her a "handful" of times, three of which were in frustration.Her memoir continued: "I had already said publicly what I'd said privately to George: that his daily deluge of insults-by-tweet against my boss — or, as he put it sometimes, 'the people in the White House' — violated our marriage vows to 'love, honor, and cherish each other."George Conway had even written a 3,500-word essay countering Trump's claim that Robert S. Mueller III's Russia investigation was unconstitutional in 2018."On one side was my marriage and my husband. On the other was my job and my boss," Kellyanne Conway wrote. "George was mixing the two of them in a highly combustible manner. I was able to keep these things separate and in perspective. George should have, too, but it seemed the flood of reaction and attention he was receiving was magnetic and irresistible."She added that Ivanka, Trump's daughter, had a similar issue with her husband, Jared Kushner. Ivanka recommended that the Conway couple try therapy, though Kellyanne Conway said her husband wasn't a fan of the idea. They never went."I feel there's a part of him that thinks I chose Donald Trump over him," Kellyanne Conway told The Washington Post. "Which is ridiculous. One is my work and one is my marriage."The Post went on to describe their marriage as "emblematic" of the controversy around Trump — especially within the Republican party."Whoop-de-do, George!" Kellyanne Conway wrote that she told George Conway once, according to her book. "You are one of millions of people who don't like the president. Congrats." Neither George nor Kellyanne immediately responded to Insider's request for comment.Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 56 min. ago Related News

First batch of infant formula headed to US from Switzerland as at least one hospital reported treating babies fed homemade and diluted formulas

On Thursday, the White House said the first batch was being sent from Switzerland to Indiana. Empty shelves showing a shortage of baby formula in San Antonio, Texas.REUTERS/Kaylee Greenlee Beal. The White House on Wednesday announced "Operation Fly Formula" to address the national shortage. On Thursday, the White House said the first batch was being sent from Switzerland to Indiana. Meanwhile an ER doctor in Texas told Insider they are treating babies who were fed diluted formula. The first batch of baby formula is being imported to the US from Switzerland as part of President Joe Biden's "Operation Fly Formula," which was launched to address the ongoing national shortage.The White House on Thursday announced a batch of Nestlé S.A. formula would be transported from Zurich, Switzerland, to Plainfield, Indiana, by commercial aircrafts contracted by the Department of Defense.Hypoallergenic formulas intended for babies with dairy milk allergies are being prioritized "because they serve a critical medical purpose and are in short supply in the United States because of the Abbott Sturgis plant closure," the statement said.Operation Fly Formula was announced Wednesday and allows the Department of Health and Human Services and the Department of Agriculture to use military resources to pick up baby formula from overseas.The operation is part of a series of measures taken by the Biden administration to address the infant formula shortage as empty shelves have left parents across America scrambling to find food for their babies.Insider's Anna Medaris reported Wednesday that an emergency room in Texas has been treating babies whose parents fed them homemade or watered-down formula, putting the infants at risk for life-threatening seizures.  Read the original article on Business Insider.....»»

Source:  businessinsiderCategory: top~3 hr. 56 min. ago Related News

Hawaii Food & Wine Festival announces lineup for annual event

The Hawaii Food & Wine Festival will return Oct. 20 – Nov. 6 for the 12th annual event......»»

Source:  bizjournalsCategory: top~3 hr. 56 min. ago Related News

Maui retreat center to hit market for $25M

Lumeria Maui has four buildings with 25 bedrooms and totals approximately 20,000 square feet......»»

Source:  bizjournalsCategory: top~3 hr. 56 min. ago Related News

Centennial Resource, Colgate Energy to merge, creating $7B co. focused on Delaware Basin

Centennial Resource Development was taken public in 2016 through a blank-check deal led by Mark Papa, former chairman and CEO of Houston-based EOG Resources Inc. (NYSE: EOG). Colgate Energy is privately held and had been considered a candidate for an initial public offering......»»

Source:  bizjournalsCategory: top~3 hr. 56 min. ago Related News

Filak’s own medical practice lends the dean even more credibility

Dr. Andrew Filak is the first to admit that moving to Ohio was a bit of a culture shock......»»

Source:  bizjournalsCategory: top~3 hr. 56 min. ago Related News

$18 For A Michelob Ultra: "Beer-Flation" Hits PGA Championship

$18 For A Michelob Ultra: "Beer-Flation" Hits PGA Championship.....»»

Source:  nytCategory: deals~4 hr. 9 min. ago Related News

Japan Probably Needs To Move To The Pro-China Camp

Japan Probably Needs To Move To The Pro-China Camp By Russell Clark of the Capital Flows and Asset Markets Substack Japan has benefited massively from the free trade world that the US conjured into existence 40 years ago. Japanese industry and particularly its auto industry benefited hugely from access to the US auto market. For this reason, I expected US new car CPI moved higher (car prices rising after years of stagnation) that this would be Yen bullish. Instead the Yen has weakened considerably. From a macro and micro perspective, the idea of a stronger Yen with surging automobile prices makes sense. However, from a political point of view, I think this is probably wrong. Japan has for many years had a huge imbalance in auto markets with the US. Nissan, Toyota and Honda all have huge operations in the US, but you barely see a US auto brand in Japan. In a competitive democracy like the US, how could politicians possibly be elected pushing policies that expose domestic labour to foreign competition? I suspect after the inflationary 70s, politically there seems to me to be a coalition of consumers who wished to see inflation tamed, as well as business and capital owners that wanted to see union power crushed. Allowing first Japanese, and then other producers destroy the unionized US auto makers was a political win. That is the Japanese automakers were the spear tip of a policy to destroy US unions. However, the rise of “populism” everywhere in the West has shown is that the electorate has tired of “pro-capital” policies. For someone my age, pro-capital policies, or Washington Consensus policies were implemented by governments of all stripes, regardless of any political promises that were made. And I learned to ignore politics when investing, but 2016 I think has changed that calculation. Perhaps the best graph I can find to show the political change manifesting in real world change is US tax collections from Customs (ie tariffs). This is still a small number, but the political implications are huge. The US now cares when its imports come from, after decades of not caring, and will use tariffs to achieve political ends. Why is this a negative for Japan? Well of the three big economic blocs, Japan only runs a trade surplus with the US. At what point do political calculations, lets say for Candidate Trump, move to the idea of supporting US unionised workers in electorally competitive North East? As this map of unionisation in the US shows, unions members are more prevalent in the north east and California. Republicans candidates running on socially conservative issues, while protecting US businesses from foreign competition looks like an election winner to me, as it has been in the UK. On this analysis, Japan has real problem. The market it generates its trade surplus with looks to be changing politically. The current economic policy of weak yen and export lead growth looks to be an economic and politically dead end to me. The question is whether Japan will change policies? The biggest possible change they could embrace would be to come to a détente with China. The biggest sign that such a change was in the offing would be Japan beginning to build up gold reserves instead of treasuries, as this would allow them to facilitate trade with China, while avoiding any possible US sanctions. Maybe the small increase in gold holdings in Japan are a sign of this change? Japan is often considered Western, but culturally it is much closer to China than the US. The US/Japan military and economic alliance made Japan Western. If the US is unable to defend the Asia Pacific, which is increasingly likely, and US politics is turning against free trade, Japan is going to have to come to an “understanding” with China. If Japan builds gold reserves instead of treasuries, the financial effects will be profound. Tyler Durden Thu, 05/19/2022 - 20:00.....»»

Source:  nytCategory: deals~4 hr. 9 min. ago Related News

"Build Blackouts Better": Half Of America Faces Power Blackouts This Summer, Regulator Warns 

"Build Blackouts Better": Half Of America Faces Power Blackouts This Summer, Regulator Warns  Tens of millions of Americans could be thrown into a summer of hell as a megadrought, heatwaves, and reduced power generation could trigger widespread rolling electricity blackouts from the Great Lakes to the West Coast, according to Bloomberg, citing a new report from the North American Electric Reliability Corporation (NERC), a regulatory body that manages grid stability.  NERC warned power supplies in the Western US could be strained this summer as a historic drought reduces hydroelectric power generation due to falling reservoir levels and what's expected to be an unseasonably hot summer. Compound the hellacious weather backdrop with grids decommissioning fossil fuel power plants to fight climate change and their inability to bring on new green power generation, such as solar, wind, and batteries, in time, is a perfect storm waiting to happen that will produce electricity deficits that may force power companies into rolling blackouts for stability purposes. The regulatory body pointed out that supply-chain woes are delaying major Southwest solar projects, while some coal plants have trouble procuring supplies because of increased exports. They said there's also an increasing threat of cyberattacks from Russia.  By region, the Midwest power grid will be extremely tight. Across the Western US, power generation capacity has declined 2.3% since last summer, even as demand is expected to increase. Grids in the region may have to source power from neighboring grids as extreme heat will cause people to crank up their air conditioners. A situation of low wind speeds could trigger blackouts, according to NERC. They outlined how the Midwest could face power shortfalls due to the removal of power capacity from retiring fossil fuel power plants.  NERC issued a similar warning last year, stating power grids that serve 40% of the US population were at risk of blackouts. One year later, there was only one notable blackout last June during a heatwave in the Pacific Northwest that left 9,000 customers without power. But with reduced electricity generation capacity outpacing new green power sources, the risks of blackouts are increasing this year.  In Texas, the Electric Reliability Council of Texas (ERCOT)has already warned multiple times of grid stress as early summer-like heatwaves sent temperatures in certain parts of the state into triple-digit territory.  California's grid operators have also warned of rising blackout threats --for the next three summers -- as the state transitions to greener forms of energy. The drought and shrinking reservoir levels have reduced hydroelectric power generation on top of decommissioned fossil fuel power plants. "We know that reliability is going to be difficult in this time of transition," said Alice Reynolds, president of the California Public Utilities Commission, during a May 6 press conference.  NERC's report is an eye-opener for those living in the Western US. Many households face out-of-control inflation, soaring fuel prices, and food shortages ahead of what could be a summer of unrest as the Biden administration is bracing for a wave of violence upon the Supreme Court's overturn of Roe V. Wade.  America is slipping into the abyss as households get a taste of what it's like to live in Venezuela. It's not that far off from what people are experiencing today: soaring inflation, shortages, a ruling regime which so many claim was not elected by the majority and soon, rolling blackouts.  Tyler Durden Thu, 05/19/2022 - 20:20.....»»

Source:  nytCategory: deals~4 hr. 9 min. ago Related News

Biden"s Big Lie: "Green" Energy Doesn"t Save Money, It"s 4-6 Times More-Expensive

Biden's Big Lie: 'Green' Energy Doesn't Save Money, It's 4-6 Times More-Expensive Op-Ed authored by Stephen Moore via The Epoch Times, President Joe Biden keeps claiming that wind and solar energy are going to save money for consumers. But more government subsidies to “renewable energy” is a key feature of the White House anti-inflation strategy recently announced by Biden. U.S. Representative Alexandria Ocasio-Cortez (D-N.Y.) and U.S. Senator Ed Markey (D-Mass.) (R) speak during a press conference to announce Green New Deal legislation to promote clean energy programs outside the U.S. Capitol in Washington, D.C., on Feb. 7, 2019. (Saul Loeb/AFP via Getty Images) He probably got that idea from John Kerry, the administration’s climate czar, who recently claimed that “solar and wind are less expensive than coal or oil or gas.” Pete Buttigieg, the Biden Transportation secretary, makes the same claims about the thousands of dollars that motorists can save if they buy electric cars. This couldn’t be more wrong. Proponents of “green” energy boondoggles are often masters at playing with the numbers, because that is the only way that wind and solar electricity generation make any sense. Advocates such as Kerry love to focus on the low operating costs of solar and wind since they don’t require constant purchases of fuel. Ignoring the relatively short lifespan of solar and wind components, as well as the high initial investment, can make it appear as though solar and wind operate at lower costs than fossil fuels or nuclear power. Let’s get the facts straight. The cost isn’t just what you pay at the retail level for gas or power. It also includes the taxes you pay to subsidize the power. A 2017 study by the Department of Energy found that for every dollar of government subsidy per BTU unit of energy produced from fossil fuels, wind and solar get at least $10. That’s anything but a money saver. The reason the subsidies are so high is that solar and wind have additional costs compared to their more reliable competition. “Green” energy sources are non-dispatchable, meaning their output can’t be changed to match demand. The wind doesn’t blow harder, and the sun doesn’t shine brighter, just because electricity use is peaking. Conversely, fossil fuel entities—such as a coal plant—can ramp up generation when we need it most and ramp down when demand falls. Widespread adoption of solar and wind generation would necessitate expensive batteries on a large scale to ensure that people still have power when the wind stops blowing or when the sun stops shining—like it does every single night. So, unlike reliable and flexible natural gas, solar and wind require large-scale storage solutions: massive banks of batteries that are hardly environmentally friendly but are also extremely expensive. And since batteries don’t last forever, they add to both the initial expense and maintenance costs during the life of a solar or wind energy generating station. The same problem exists with electric cars. The sticker price on EVs is considerably higher than for conventional gas-operated cars, and the so-called savings over time assume that the electric power for recharging is free. But it isn’t and power costs are rising almost as fast as gas prices. Factors such as these are consistently ignored by Kerry and other “green” energy activists. To genuinely evaluate dissimilar energy sources and provide an apples-to-apples comparison, the U.S. Energy Information Administration uses the Levelized Cost of Energy (LCOE) and the Levelized Cost of Storage (LCOS). These measures consider the initial costs, the lifespan of generation and storage systems, maintenance and fuel costs, decommissioning expenses, subsidies, etc., and compare that to how much electricity is produced over a power plant’s lifetime. The numbers don’t lie: “green” energy is a complete waste of resources. The LCOE and LCOS for solar and on-shore wind farms are four times as expensive as natural gas. But offshore wind takes the cake—it’s six times as expensive as natural gas. Imagine paying four to six times as much every month for the same electricity! That’s the green paradise world that the Biden administration wants for America. Yet, it’s even worse than that because electric power costs greatly affect the cost of producing nearly everything else. In the case of producing aluminum, for example, a third of the total production cost is electricity alone. Imagine what quadrupling electricity prices would do to the prices of all the goods and services that people buy. If you think inflation is bad now, just wait until the nation is dependent on wind and solar—then you’ll see REAL price increases. And despite official government data contradicting their own claims, the Biden administration—including Kerry—continues spouting simple untruths on wind and solar. They hope that no one will check their fantastic facts. To the left, wanting it to be true, makes it true. All the while, the middle class is being crushed by $4-a-gallon gasoline and businesses everywhere are buckling under $5-per-gallon diesel. The Wall Street Journal warns that electric power blackouts could be coming because of overreliance on wind and solar power. At some point, if this push for green energy continues, the whole nation will start to look like California, where gas is $6 a gallon, the lights go out, and electric cars are stranded because of rolling blackouts.  If that’s our “green” future, then Americans should want nothing to do with it. Stephen Moore is a distinguished fellow in economics at the Heritage Foundation, and E.J. Antoni is a research fellow in Heritage’s Center for Data Analysis. Moore is a co-founder of the Committee to Unleash Prosperity, where Antoni is a senior fellow. Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times or Zero Hedge. Tyler Durden Thu, 05/19/2022 - 20:40.....»»

Source:  nytCategory: deals~4 hr. 9 min. ago Related News

"76" Gas-Station Chain Repograms Washington State Pumps For $10 A Gallon 

'76' Gas-Station Chain Repograms Washington State Pumps For $10 A Gallon  Gas station pumps in Washington state are being reprogrammed to accommodate $10 a gallon and even higher as the summer driving season begins amid tight fuel supplies, according to a report.  The Post Millennial has learned gas station chain "76" has reprogrammed its pumps to include double-digit numbers in "price per gallon" at Washington state gas stations. A 76 spokesperson confirmed to The Post Millennial they added an extra digit to pumps, noting the change doesn't necessarily imply the company was anticipating prices above $10 a gallon.  The 76 gas station in Auburn, Washington, located at 1725 Auburn Way North, is one of the stations that has had reprogrammed pumps. It also sells high-octane race fuel, which tends to be more expensive, though the special fuel is sold at separate pumps than regular, plus, premium, and diesel.  A photo was taken on May 16 that shows double-digit pricing at regular pumps.  The Post Millennial also reports Washingtonians in the eastern part of the state, specifically in Kennewick, Pasco, and West Richland, are experiencing fuel shortages.  According to AAA, the average price of gas at a pump in Washington State is $5.18 -- above the national average of $4.59 as of Thursday morning. Some of the most expensive gas in the US can be found just south of the state in California, where prices outside of San Francisco range between $6-7 a gallon for regular.  76's move for double-digit prices comes as JPMorgan's commodity strategist Natasha Kaneva warns the national average for gas can rise another 37% by August to around $6.20. Since much of the West Coast is priced above the national average, this may suggest double-digit prices could be seen in some areas.  Tyler Durden Thu, 05/19/2022 - 21:00.....»»

Source:  nytCategory: deals~4 hr. 9 min. ago Related News

The Ratings Game: Cisco stock logs worst day in more than a decade as China shutdown blamed for poor outlook

Cisco shares log their worst day in more than a decade Thursday, as analysts voice concerns about China’s COVID shutdown compounding supply-chain problems......»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

: Massive paydays for tech CEOs could face investors’ wrath

Shareholders in some of the world’s biggest tech companies will vote next week on top executives’ compensation, as influential advisory services urge them to fight the massive paydays......»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

Market Extra: Selloff puts S&P 500 on bear market’s doorstep. If history is a guide, there’s more pain ahead.

The S&P 500 is a whisker away from the threshold that marks a bear market. In the past, entering bear territory has tended to be followed by more selling......»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

: Americans aged 45 and younger face a longer, more difficult road to get a ‘good’ job — one that pays at least $35,000 a year

The more difficult path to ‘good’ jobs has long term implications for economic well-being......»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

Dispatches from a Pandemic: Experts suggest using WIC government benefits to get baby formula amid a nationwide shortage — but these frustrated parents say that’s not a viable option

WIC, the government’s nutritional-aid program, only covers certain sizes of formula, and relies heavily on the recalled Abbott products......»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

: SpaceX paid $250,000 to settle sexual misconduct claim against Elon Musk: report

Billionaire claims “politically motivated hit piece.”.....»»

Source:  marketwatchCategory: top~4 hr. 10 min. ago Related News

Lordstown Motors get 2 new independent directors, combine CEO and chairman roles

A week ago, Lordstown Motors erased some uncertainties about its future by selling its plant in Lordstown Township, Ohio, and closing on manufacturing and joint venture agreements with Foxconn......»»

Source:  bizjournalsCategory: top~4 hr. 24 min. ago Related News

Enterprise Bank & Trust snags spot in S&P study of top-performing banks

The bank's president and CEO said the ranking is “recognition of a great deal of work that has been going on for several years.”.....»»

Source:  bizjournalsCategory: top~4 hr. 24 min. ago Related News

HUD grants Ohio $381 million for housing-related community development efforts

The HUD grants are for projects ranging from affordable housing development and public housing modernization to economic opportunities for people with low and moderate incomes......»»

Source:  bizjournalsCategory: top~4 hr. 24 min. ago Related News

Nasdaq Center-led coalition to study disparities in early-stage funding

It's starting to get a little harder for startups raising funding as venture firms become more selective about their investments, but for underrepresented founders, it's always been tough.  The numbers fluctuate a smidge from quarter to quarter and year to year, but the reality is that white male founders consistently close most of the venture deals in the U.S. annually. Many investors, founders and observers agree that something needs to change, but few are doing anything tangible to get there. A….....»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Best Places to Work 2022: Cushman & Wakefield puts a focus on company culture

Cushman & Wakefield is among the region's largest commercial real estate firms with $1.34 billion in local volume of real estate transactions in 2021. The firm has more than 1,700 local employees and annual revenue of $9.4 billion......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Best Places to Work 2022: CarShield offers employees opportunities to enhance their skills

CarShield, which sells extended auto repair service contracts, offers employees opportunities to enhance their skills with continuing education......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Best Places to Work 2022: Clayco offers challenging, creative work environment with several perks

Clayco, among the region's largest construction firms, offers employees a challenging and creative work environment, making it one of St. Louis' best places to work......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Best Places to Work 2022: See which local companies are among the region"s top workplaces

The St. Louis Business Journal has been recognizing top workplaces and what they are doing to attract and retain employees for more than 20 years through its Best Places to Work program. And over the course of that time, companies have offered a broad menu of benefits to its employees......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

San Francisco"s funding shortfall for affordable housing is about to hit $1.3B

Last year, San Francisco received only one bond allocation for two affordable housing projects — typically, it is able to move about 10 projects forward annually......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Sneak peek: These companies made the Middle Market Fast 50 List

The companies on this List are a mix of public and private and had revenue between $25 million and $1 billion in 2020......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

More money for convention center? Lawmakers are skeptical after revelation on debt cost

Requests for St. Louis County to allocate more money to the downtown convention center expansion are likely to face an uphill climb, particularly after the revelation that taxpayers will spend more on debt for the project after a delay in issuing bonds, two lawmakers said Thursday......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Bird posts first-quarter profit (and other L.A. tech news)

Bird Global Inc. reported a swing to first-quarter profits from a loss in the year-earlier period as the e-scooter company boosted its revenue by 48%. Bird (NYSE: BRDS) posted net income of $10.4 million in the first quarter, compared with a net loss of $76.2 million in the first quarter last year. Revenue rose to $38 million from $25.7 million a year ago, exceeding company expectations. “The results were driven by continued demand recovery into the end of the period and a strong foundation of….....»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

University of Hawaii film project receives $350K grant

The award is part of $33.17 million in grants for 245 humanities projects across the country......»»

Source:  bizjournalsCategory: top~4 hr. 40 min. ago Related News

Greystone Provides $17 Million Fannie Mae Loan for Kentucky Multifamily Property

Greystone, a leading national commercial real estate finance company, has provided a $16,970,000 Fannie Mae Delegated Underwriting Services (DUS®) loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, Managing Director at Greystone. The 10-year, fixed-rate Fannie Mae loan for Aspen Meadow includes... The post Greystone Provides $17 Million Fannie Mae Loan for Kentucky Multifamily Property appeared first on Real Estate Weekly. Greystone, a leading national commercial real estate finance company, has provided a $16,970,000 Fannie Mae Delegated Underwriting Services (DUS®) loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, Managing Director at Greystone. The 10-year, fixed-rate Fannie Mae loan for Aspen Meadow includes interest-only payments for the fullterm of the loan. Acquired in October 2020, the property has received nearly $1 million in capitalexpenditures including both interior and exterior upgrades and to the common amenities. “The borrowers were wonderful to work with and moved quickly to take advantage of an early rate lock, in an increasing interest rate environment,” said Ms. Hanson. “They have invested in a long-term hold of the property and this Fannie Mae refinance enables them to preserve this asset. It was a pleasure workingwith them and we are thrilled the outcome.” The post Greystone Provides $17 Million Fannie Mae Loan for Kentucky Multifamily Property appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~4 hr. 56 min. ago Related News

Wellington Management Signs 71,000-Square-Foot Lease at Columbia Property Trust’s 799 Broadway

 Columbia Property Trust announced today that it has signed a lease with Wellington Management for four full floors at 799 Broadway, its newly completed ground-up office development at the convergence of Manhattan’s Greenwich Village and Union Square neighborhoods. One of the world’s largest independent investment management firms, Wellington manages over US$1.3 trillion for clients... The post Wellington Management Signs 71,000-Square-Foot Lease at Columbia Property Trust’s 799 Broadway appeared first on Real Estate Weekly.  Columbia Property Trust announced today that it has signed a lease with Wellington Management for four full floors at 799 Broadway, its newly completed ground-up office development at the convergence of Manhattan’s Greenwich Village and Union Square neighborhoods. One of the world’s largest independent investment management firms, Wellington manages over US$1.3 trillion for clients in more than 60 countries. Under the 16.5-year lease, Wellington will become the largest occupant at 799 Broadway, with 71,000 square feet of office space across four full floors in the 182,000-square foot building. Wellington’s new office, the first New York location for the Boston-based firm, will feature 15-foot ceiling heights, five private terraces totaling 7,600 square feet, and floor-to-ceiling windows with views of Greenwich Village, Union Square, and the steeple of Grace Church. Wellington is the fourth prominent firm to commit to 799 Broadway. Just before the end of 2021, leading investment firm Bain Capital Ventures signed a full-floor, 9,000-square-foot lease, and national mortgage lending and servicing organization New Residential Investment Corporation signed a two-floor, 25,000-square-foot lease. An undisclosed tenant took two additional floors in January. Columbia has now signed leases for nine of the 12 floors at 799 Broadway and is currently marketing one full floor; one high-end, 9,300-square-foot pre-built suite; and 18,000 square feet of some of the most desirable retail space in Midtown South. “We are very pleased to welcome Wellington Management to 799 Broadway,” said Dave Cheikin, Executive Vice President – East Coast for Columbia. “We built 799 Broadway to provide the highly attractive environment necessary to enable high-growth, forward-leaning companies, like Wellington, to engage and motivate superior talent in today’s environment.” “We are excited to expand our North American footprint by committing to 799 Broadway as an investment in our future of work,” said Ed Steinborn, Chief Financial Officer, Wellington Management. “We take pride in creating magnetic office space for our employees and believe 799 Broadway’s state-of-the-art facility will offer both New York-based and global employees an accessible, sustainable office space for colleagues to connect and collaborate in. New York remains a hub for talented, diverse financial professionals, and we look forward to continuing to support the growth of Wellington’s strategic initiatives by expanding in New York City.” Designed specifically to promote talent retention, 799 Broadway sets the standard for sustainable new construction by emphasizing occupant health and wellness. The brand-new, LEED Gold-certified building features state-of-the-art building materials and efficient systems and touchless access throughout. The building’s unique design allows for more than 17,000 square feet of outdoor space, including access to private outdoor terraces on almost every floor and a courtyard garden off the main lobby that will soon feature an original work by Cameroonian artist Moustapha Baidi Oumarou. A luxury fitness center, spa-inspired locker rooms, cellar lounge, and well-appointed bike room will also enhance the workday for occupants. Moreover, with UV light sanitation and bipolar ionization systems installed throughout the building and in elevator cabs, 799 Broadway exceeds the highest standards of indoor air quality and air purification. The building has been designed to meet the rigorous health and wellness criteria of the highly respected WELL Building certification program, which verifies that the building has followed best practices for facility operations and management to reduce the risk of contracting COVID-19 and other viruses. 799 Broadway was also awarded a coveted Fitwel® 2-Star Rating for its incorporation of evidence-based design and operations strategies to support the physical, mental, and social health of occupants. Adding to the attractive wellness benefits, the building provides abundant light with 15’ ceiling heights and floor-to-ceiling glass windows, which offer striking views of Greenwich Village and across Broadway to the Gothic beauty of New York’s historic Grace Church. Columbia continues to entertain strong interest and tour activity for the limited remaining available space at 799 Broadway. Columbia was represented in the negotiations with Wellington by Mitchell Konsker, Benjamin Bass, and Sam Seiler of JLL. Steven Rotter, Randy Abend, Gabrielle Harvey, Brendan Callahan, and Lauren Calandriello of JLL represented Wellington. To learn about the final opportunities available at 799 Broadway, please visit 799broadwaynyc.com. The post Wellington Management Signs 71,000-Square-Foot Lease at Columbia Property Trust’s 799 Broadway appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~4 hr. 56 min. ago Related News

Hashed Wallet Takes $3.5B Hit, Delphi Digital Discloses Loss After Terra"s LUNA Collapse

Delphi says Terra-affiliated tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report

G7 ministers meeting in Germany want the Financial Stability Board to act faster after the collapse of stablecoin terraUSD......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

Bitcoin sube por encima de $30K, con resistencia en $35K

BTC muestra una sobreventa, aunque las condiciones comerciales han sido irregulares en los últimos días......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

Former BitMEX CEO Arthur Hayes Faces 6 to 12 Months in Jail at Sentencing Hearing Friday

Former BitMEX CEO Arthur Hayes Faces 6 to 12 Months in Jail at Sentencing Hearing Friday.....»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report

The report based on internal emails seen by The Information comes after Coinbase said earlier this week it will slow hiring.....»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

Avalanche Says Luna Foundation Guard Has "Disclosed No Plans" for AVAX Tokens

Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a “sensible trading strategy” if the tokens were to be sold......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical support to support developers building on KuCoin's public blockchain; bitcoin outperforms ether......»»

Source:  coindeskCategory: forex~5 hr. 21 min. ago Related News

Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale

May 17, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 227,333-square-foot-Eagle Plaza, a grocery-anchored shopping center in in Voorhees Township, New Jersey. “Anchored by Albertsons’ subsidiary Acme Markets for over 40 years, Eagle Plaza is the area’s dominant grocery-anchored shopping center,” said Brad Nathanson, IPA senior managing... The post Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale appeared first on Real Estate Weekly. May 17, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 227,333-square-foot-Eagle Plaza, a grocery-anchored shopping center in in Voorhees Township, New Jersey. “Anchored by Albertsons’ subsidiary Acme Markets for over 40 years, Eagle Plaza is the area’s dominant grocery-anchored shopping center,” said Brad Nathanson, IPA senior managing director investments. “Previous ownership invested significant capital to improve the center’s curb appeal by delivering new modern village-looking facades that drove significant interest in the property. The availability nationally of grocery-anchored shopping centers with a major value add opportunity within infill high income submarkets of a major city center are rare, contributing to the tremendous demand that was seen on Eagle Plaza.” Nathanson represented the seller, Hutensky Capital Partners, and procured the buyer, First National Realty Partners. Constructed in 1977 and renovated over the past five years, Eagle Plaza is anchored by Acme Markets and Ross and is located at Voorhees Township’s main intersection, which is shared by a recently renovated Target, Chick-fil-A, Royal Farms, AMC Theatre, and Edge Fitness. Located 20 miles east of Philadelphia, Voorhees Township is an affluent Southern New Jersey community adjacent to Cherry Hill and Marlton. There are over 80,000 people within three miles of Eagle Plaza and the average annual household income is more than $120,000. The post Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

Brookfield Properties, Park Tower Group announce grand opening and resident move-ins at mixed-income Waterfront Tower, The Bellslip

Brookfield Properties, Park Tower Group announce grand opening and resident move-ins at mixed-income Waterfront Tower, The Bellslip.....»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease

Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home... The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly. Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home to HCC’s national headquarters in August 2022. The publicly-traded environmental products and services company will occupy one full quadrant on the building’s third floor, consisting of 32,000 square feet, plus an additional 7,000 square feet of space on an adjacent quadrant. Its offices will be designed by NELSON Worldwide. “The continued interest we’re seeing for our thoughtfully designed spaces is a testament to the needs and priorities of today’s workforce,” said Ralph Zucker, President of Somerset Development, the developer behind Bell Works Chicagoland. “Companies are proactively seeking environments that not only enable their teams to flourish, work collaboratively, and think creatively, but also reflect the core values of their business. Like us, HCC is a company with a deep passion for sustainability and innovation, and we’re excited to welcome them as the newest tenant at our growing metroburb.” Founded with just 12 employees in 1999,  HCC will bring its team of 180 workers from its longtime home in Elgin, Illinois, to the metroburb. The space will support the core functions of the company while simultaneously encompassing HCC’s sustainability-driven mission and the natural surroundings of Bell Works Chicagoland, which includes reclaimed wetlands. Notable features of the headquarters include four custom branding areas, two of which showcase HCC logos made completely out of recycled materials, a testament to HCC’s brand, while the remaining two represent HCC’s vision, mission, values, and customer experience. The floor plan and interior design were thoughtfully prepared to integrate the workspace with the concept of nature and walking through a wooded path, offering employees access to daylight with ergonomic sit/stand desks and chairs placed along the exterior of the layout. A large cafe for gathering and entertainment will be equipped with a ping pong table, TV, and multiple seating arrangements. There will also be built-in cupboards for recycling glass, plastic, paper, and batteries throughout, keeping sustainability a priority on all levels. Customized meeting areas from individual niches to medium-sized conference rooms and a large-scale boardroom will promote flexibility and collaboration throughout the space. “As a National Environmental Services Company dedicated to sustainability and corporate social responsibility, Bell Works Chicagoland was a natural fit when deciding where to relocate our headquarters,” said Brian Recatto, President and CEO at HCC. “The metroburb encompasses all of the priorities and preferences of our team — from highly collaborative, open spaces to flourishing natural light and the surrounding nature-filled landscape. Located just a short distance from our original headquarters, the space will be conveniently located for our staff and set us up for continued long-term success.” Founded in 1999, HCC is a leading provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling and field services primarily focused on small and mid-sized customers. Today, the company has approximately 1,400 employees nationwide, with 120 locations and 91 branches across 47 states.  In 2021, Bell Works announced Platinum Home Mortgage (‘PHMC’) signed a long-term lease to join the office community at Bell Works Chicagoland. The company now occupies 22,000 square feet spread across three dedicated office spaces at the metroburb. Headline Solar also recently joined Bell Works’ growing list of office tenants, and occupies 15,690 square feet with another 15,000 square feet available for potential expansion. Other occupants include CPA Advisors Group, a boutique full-service accounting firm; Mosquito Hunters, a locally-owned residential and commercial mosquito control company; and The Next Unicorn, an equity crowdfunding firm. Recently, Bell Works Chicagoland also celebrated the grand opening of coLab, the official coworking membership experience at the property. Spread across 15,000 square feet, the new coworking facility offers flexible lease terms and workspaces, including access to dedicated conference and meeting rooms, lounges, and state-of-the-art amenities. coLab was designed by Paola Zamudio and her team at NPZ Style & Decor, who also led the transformation of the interior at the metroburb.   The metroburb additionally features 60,000 square feet of ground-floor retail and restaurant space, which provides both members and visitors alike with an eclectic mix of dining and entertainment options. Local Chicago favorite Fairgrounds Craft Coffee and Tea also opened at the campus earlier this year.  Sven Sykes, Executive Vice President at Colliers International, represented HCC in the transaction. Steve Kling, Principal at Colliers International, represented Bell Works Chicagoland in the transaction.  For office leasing inquiries at Bell Works Chicagoland please contact Steve Kling at Steve.Kling@colliers.com or Tara Keating at keating@garibaldi.com. To learn more about Bell Works Chicagoland, visit bell.works/chicagoland. The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management

DH Property Holdings, LLC, a leading developer and owner of urban infill industrial logistics facilities, announced its acquisition of a development site in Malden, Massachusetts. The fully entitled, five-acre industrial zoned property will soon be developed into a 94,095-square-foot, Class-A industrial facility in a joint venture with local developer Pugh... The post DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management appeared first on Real Estate Weekly. DH Property Holdings, LLC, a leading developer and owner of urban infill industrial logistics facilities, announced its acquisition of a development site in Malden, Massachusetts. The fully entitled, five-acre industrial zoned property will soon be developed into a 94,095-square-foot, Class-A industrial facility in a joint venture with local developer Pugh Management. Demolition and construction are set to commence in May on the fully entitled development site. The Newmark team of Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen, SamanthaHallowell, Jim Tribble was involved in the sale of the transaction. Located at 735 Broadway, the site is DHPH’s third industrial acquisition in Boston with a total capitalization of $107 million across 362,000 square feet of space. The property is the first asset acquisition from the firm’s newly launched DHPH IDF I LP. Once developed, the facility will support 23 dock doors and a drive-in. It will also have 32-foot clear ceiling heights and parking space for 107 vehicles. The site is located seven miles from Downtown Boston as well as Boston Logan Airport and has direct access to US-1 and US-99. “The demand for logistics space in the Boston region has continued to accelerate amid limited supply andrising rental rates,” said DHPH Founding Principal Dov Hertz. “This is an ideal location, and our team ofdesign and development professionals will deliver a state-of-the-art facility to support tenants seeking toaccommodate their customers’ distribution needs.” In addition to its existing properties, DHPH currently has over 5 million square feet, or over $2.5 billion,of Class-A urban warehouses complete or under development throughout the Northeast, including in New York City, Boston and Philadelphia. The post DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

CBRE announces $28.5 million sale of 5000 Corporate Court in Holtsville, New York

CBRE announced today the $28.5 million sale of 5000 Corporate Court—a two story, 264,482 sq. ft. office building in the hamlet of Holtsville and the town of Brookhaven. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of... The post CBRE announces $28.5 million sale of 5000 Corporate Court in Holtsville, New York appeared first on Real Estate Weekly. CBRE announced today the $28.5 million sale of 5000 Corporate Court—a two story, 264,482 sq. ft. office building in the hamlet of Holtsville and the town of Brookhaven. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Services, represented the seller, Office Properties Income Trust, an entity managed by The RMR Group. CBRE also procured the buyer, Northpath Investments. 5000 Corporate Court is located within minutes of Exit 62 off the Long Island Expressway (I-495). Theproperty is anchored by GSA tenants, including the Internal Revenue Service and U.S. Citizenship andImmigration Service. The property’s large floor plates, abundant parking (7 spaces/1,000 sq. ft.), andeconomical Central Suffolk office rental rates provide an ideal combination to accommodate tenantswith open space plans and high-density requirements. “5000 Corporate Court will complement Northpath’s other asset, Brookhaven Professional Center,” saidBardsley. “The property’s expansive floor plates can meet larger tenant requirements, while BrookhavenProfessional Center can cater to a smaller tenant profile.” “We are very pleased with this acquisition which will add to our growing office building portfolio,”added Gershon Alexander, Principal at Northpath Investments. CBRE Institutional Properties is marketing a number of attractive investment opportunities including:The Woodbury Portfolio, a six-building, 719,317 sq. ft. office portfolio, Woodbury, NY; One EastPutnam Avenue and One Lafayette Place, a two-building, 90,168 sq. ft. CBD portfolio, Greenwich, CT;33 Riverside Avenue, a 91% leased, 42,432 sq. ft. waterfront property, Westport, CT; and 1311 Mamaroneck Avenue, a 310,882 sq. ft. office building in White Plains, NY. The post CBRE announces $28.5 million sale of 5000 Corporate Court in Holtsville, New York appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

Corcoran Reverie, affiliate of the Corcoran Group, welcomes Nashville firm to growing operation and becomes official real estate brokerage for NFL’s Tennessee Titans 

Corcoran Group, LLC announced today its affiliate, Corcoran Reverie, has welcomed Worth Properties LLC of Nashville, Tennessee, led by co-founder, President, and Principal Janet Jones, to its growing operation. The announcement was made by Corcoran President & CEO Pam Liebman, and Corcoran Reverie broker-owners Hilary Farnum-Fasth and Jacob Watkins. Corcoran Reverie’s growth marks the seventh Corcoran affiliate to... The post Corcoran Reverie, affiliate of the Corcoran Group, welcomes Nashville firm to growing operation and becomes official real estate brokerage for NFL’s Tennessee Titans  appeared first on Real Estate Weekly. Corcoran Group, LLC announced today its affiliate, Corcoran Reverie, has welcomed Worth Properties LLC of Nashville, Tennessee, led by co-founder, President, and Principal Janet Jones, to its growing operation. The announcement was made by Corcoran President & CEO Pam Liebman, and Corcoran Reverie broker-owners Hilary Farnum-Fasth and Jacob Watkins. Corcoran Reverie’s growth marks the seventh Corcoran affiliate to announce an expansion in less than one year, with Worth Properties LLC now operating as Corcoran Reverie. Corcoran Reverie also announced it has been named the official real estate brokerage of the Tennessee Titans – the first time a Corcoran affiliate has partnered with a National Football League organization. This expansion, Corcoran Reverie’s third since affiliating with Corcoran in April 2020, is a strategic step in the firm’s growth plan and broadens its market reach from Northwest Florida to several vibrant Nashville neighborhoods in Davidson, Williamson, Wilson, and Rutherford counties. This growth brings Corcoran Reverie’s agent population to more than 200 affiliated real estate professionals, increasing their agent count by 25% since joining the Corcoran brand. “Our affiliates’ accomplishments are some of our biggest pride points, and today’s announcements from Corcoran Reverie are no exception,” said Liebman. “I am continuously impressed and energized by Hilary, Jacob, and the team’s dedication to growth, and their pursuit of opportunities as unique as this new partnership with the Titans. I have no doubt that both of these exciting advancements will open doors for our entire network as we continue to grow together.” Corcoran Reverie’s exclusive partnership with the Tennessee Titans is perfectly timed with its arrival in Nashville. In addition to working with the Titans network on varying housing needs, Corcoran Reverie will be the title sponsor of the annual Titans 5K race, raising funds for the event which will exclusively support the Titans Foundation. Further, Corcoran Reverie will have a substantial presence at Nissan Stadium, and will also be the title sponsor for community tailgates hosted by the Titans at home games throughout the season – benefitting Nashville-area families in need. “Nashville and 30A have had an affinity for one another for years, so the ability to bring together our shared company culture with Janet under the wealth of the Corcoran brand is a direct reflection of the power of connectivity that is so vital to our industry,” said Farnum-Fasth. “While entirely separate ventures, to be able to share both this news and the fact that we have partnered with the Tennessee Titans makes this an extremely special day for our entire Corcoran Reverie team – both are endeavours that will benefit our affiliated agents, clients, and overall business for years to come,” added Watkins. Founded in 2004, the firm formerly known as Worth Properties LLC, led by Janet Jones, has a strong reputation in the Nashville area. The firm was also recognized as a “Best Place to Work” by the Owen Business School at Vanderbilt University and the Nashville Business Journal in its first year of operation, and for many years since. The team prides itself on high standards for client service, a family atmosphere in a professional setting, and unsurpassed support staff – all of which have helped build its reputation over nearly 20 years in the area nicknamed ‘Music City’. “I am thrilled to be moving Worth Properties to the next level of real estate services,” said Jones. “We now have access to invaluable tools and technology, and are able to further expand our client services with access to our Corcoran network colleagues in New York, California, Florida, and beyond. I am very much looking forward to what the future holds as we forge ahead with Corcoran Reverie.” “We couldn’t be more excited to have Corcoran Reverie as our official real estate brokerage for the Titans,” said Gil Beverly, Senior Vice President and Chief Marketing & Revenue Officer of the Tennessee Titans. “Their dedication to client service and reputation as a well-respected operation is exactly what we want to bring to our team and network. I have no doubt that we’ll have a great experience with Hilary, Jacob, and their agents as they guide many of us with our real estate needs – particularly as they establish themselves in greater Nashville.” The post Corcoran Reverie, affiliate of the Corcoran Group, welcomes Nashville firm to growing operation and becomes official real estate brokerage for NFL’s Tennessee Titans  appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

The Residence Club at Rancho la Puerta announces new residence design

The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally... The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly. The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally friendly local materials and exquisite Mexican craftsmanship. The home exudes both interior and exterior beauty, surrounded by nature and stunning mountainscapes and complements the existing Club Casita and Club Villa designs. “What sets this new residence design apart is its open-air, indoor patio with a gorgeous water fountain,which expands the interior space and allows the home to be drenched in sunlight,” said Alfredo Carvajal, advisor to Grupo Espiritu and developer of The Residences community at Rancho La Puerta. “The new design is an ideal gathering spot for entertaining. These beautiful homes are perfectly positioned in the overall masterplan, affording close proximity to the remarkable array of amenities available in the community and at Rancho La Puerta.” “We are excited to offer a new home type for Club Casa with a new lifestyle option for those wishing tobecome part of our Residence Club and The Residences community,” said Roberto Arjona, CEO of Rancho La Puerta. “This home makes the outdoors central to the living environment. The introduction of more natural lighting, lush greenery and water features throughout the home creates a true sensory living experience in an authentic Mexican-style home.” The new design is a one-story, three-bedroom home with two master bedrooms and three and a half baths within 3,113 square feet. The Residences Club at Rancho La Puerta offers co-ownership home options priced from $188,000 to $416,569. Among the many elegant features offered by the new home are:● A unique open-air, inner patio with water fountain and plants● Large living and dining room area with a fireplace● Spa shower, bathtub and heated bathroom floors● Exclusive outdoor terrace with water fountain, hammock, meditation space, and private pool● Heated and lighted saltwater dipping pool with bench and Jacuzzi● Outdoor kitchen featuring a fire pit, BBQ and terrace glow-lighting ● Eco-friendly and sustainable technology including thermal insulated walls and ceilings, natural lighting, solar domes, double glazed windows, energy-efficient air conditioning, air filtration system, and appliances along with optional photovoltaic energy and solar water heater, electromobility chargers and more● Two complimentary bikes The Residence Club at Rancho La Puerta is being created by Grupo Espiritu, in partnership with Elite Alliance, the industry leader in residence club consulting, luxury hospitality management, vacation rental, and luxury home exchange. As the world’s first wellbeing co-ownership development, the Residence Club is where wellness-inspired vacations, sustainability, community living, and the sharing economy converge harmoniously. It allows homeowners the opportunity to enjoy the benefits of vacation home ownership and luxury resort services at a price that is commensurate with personal use. The Residence Club homes are elegantly furnished and owned by eight like-minded families. Club owners enjoy frequent and flexible use, a host of amenities, services, and Rancho La Puerta privileges including The Ranch Day Pass Program which allows residents to participate in daily Rancho La Puerta activities including morning hikes, art classes, fitness classes, lectures, workshops and more as well as extensive wellness services from Rancho La Puerta available at home. They can bring family members and friends, host unaccompanied guests, or rent their residences. Residence Club owners can also explore more than 120 other destinations as members of the prestigious Elite Alliance exchange program. For more information on Club Casa, The Residence Club at Rancho La Puerta and The Residencescommunity, please visit residencesrancholapuerta.com or call 888.608.0059 or email residences@rancholapuerta.com. The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

26-year-old Ben Schwartz of Eastern Union closes $100 million in financing over a five-week period

The transactions, secured between April 1 and May 6 of this year, represented properties in five states. Eastern Union, based in New York, is one of America’s largest providers of commercial mortgage brokerage and capital markets advisory services. Among the 23 deals, Mr. Schwartz secured $39.3 million in financing toward the... The post 26-year-old Ben Schwartz of Eastern Union closes $100 million in financing over a five-week period appeared first on Real Estate Weekly. The transactions, secured between April 1 and May 6 of this year, represented properties in five states. Eastern Union, based in New York, is one of America’s largest providers of commercial mortgage brokerage and capital markets advisory services. Among the 23 deals, Mr. Schwartz secured $39.3 million in financing toward the acquisition of a 504-unit multifamily property in Montgomery, AL, a $7.2-million loan for the purchase of a 238-unit multifamily asset in Cleveland, and the $5.85-million refinancing of a 74-unit multifamily property in Chicago. Ben Schwartz has had a prolific career as a mortgage broker since joining Eastern Union in 2017 at age 21. Rapidly acclimating himself to the demands of the profession, he closed 100 transactions in 2021. “Ben Schwartz is one of Eastern Union’s most promising young brokers,” said Abraham Bergman, president and CEO of Eastern Union. “He’s taken a strategic approach to his work, and he has achieved outstanding results by doing so. We’re looking forward to more success from Ben in the future.” Mr. Schwartz attributes his accomplishments to his focus on both emerging owners and emerging lenders. “Many beginning brokers try to make a big impact right away by targeting large-scale, established owners,” he said. “But not me. Whenever possible, I work with borrowers who are generally on the younger side. Many of them are buying commercial assets for the first time. I then make an effort to nurture long-term relationships with these brokers, and be there for them as they grow. “In a parallel way, I like looking for small, private fund lenders who mainly have a history of financing small-scale multifamily assets,” Mr. Schwartz said. “I then work hard and patiently to graduate these lenders up to larger assets. “This twin strategy proved to be a winning formula this past spring.” The properties financed during Mr. Schwartz’s five-week run were located in Alabama, Connecticut, Illinois, New York and Ohio. The post 26-year-old Ben Schwartz of Eastern Union closes $100 million in financing over a five-week period appeared first on Real Estate Weekly......»»

Source:  realestateweeklyCategory: realestate~5 hr. 22 min. ago Related News

Verano Opens MÜV Ocala, The Company"s 47th Cannabis Dispensary In Florida

Verano Holdings Corp. (CSE:VRNO) (OTCQX: VRNOF) is opening MÜV Ocala on May 20, the company’s 47th Florida dispensary and 98th nationwide. read more.....»»

Source:  benzingaCategory: blog~5 hr. 23 min. ago Related News

Medical Marijuana, Inc. Reports Revenue Of $7.8M For Q1 2022

Medical Marijuana, Inc. (OTCPK:MJNA) released its financial results for the quarter ending March 31, 2022, revealing $7.8 million in net revenue, a 24% increase when compared to the previous quarter. Q1 2022 Financial and Operational Highlights read more.....»»

Source:  benzingaCategory: blog~5 hr. 23 min. ago Related News