By Lisa Anderson NEW YORK (Thomson Reuters Foundation) - Protecting the infrastructure of American cities from the effects of climate change is rising on the agenda of the U.S. Department of Homeland Security, according to a top agency official. "Increasingly, we've moved not only from a security focus to a resiliency focus," said Caitlin Durkovich, assistant secretary for infrastructure protection at Homeland Security, an agency better known for its fight to curb terrorist threats. Durkovich spoke Thursday on a panel at the Rising Seas Summit, a three-day conference organized by the U.S.-based Association of Climate Change Officers to discuss tools and ideas on building resiliency, particularly against rising sea levels. In the aftermath of 2012's Hurricane Sandy, which devastated large swathes of the Northeastern U.S and caused over $60 billion in damages, Durkovich said her department reviewed the task of rebuilding with a new focus on "how to think about baking in resilience from the get-go." To that end, she said, she has assembled a team of specialists, including city planners, in conjunction with the National Academy of Science to develop better tools for planning. The Department of Homeland Security already has launched regional efforts to assess resilience of infrastruction and judge where gaps in adaptation and preparedness may be, she said. For example, the Portland, Maine area is being looked at in terms of risks from rising sea level, how floods might be mitigated and how to deal with saltwater intrusion into what had been bodies of fresh water. The results will then be shared with other coastal communities, she said. California, which has the country's second longest coastline after that of Alaska, also is looking increasingly at climate change adaptation and resilience, said fellow panelist Ken Alex, senior policy advisor and director of the California Governor's Office of Planning and Research. Alex said the needs and concerns of every coastal region are different. For example, the San Francisco Bay area is home to two airports subject to flooding while the port city of San Diego must work to protect a major military installation. Ports in Los Angeles and Long Beach provide one in six jobs in southern California, he said. He said California derives about $1 billion annually from its emissions cap-and-trade program, which sells greenhouse gas emissions permits, and the state has decided that all that revenue must be spent in ways "linked to resilience." To help communities develop resilience, Alex said, California is part of a pilot program under which AmeriCorps, the Corporation for National and Community Service, will dispatch 50 young people to educate local communities about climate adaptation and resilience. If successful, he said, the program could become national. In New York, "Hurricane Sandy really highlighted our vulnerabilty" to climate change, said panelist Daniel Zarrilli, director of the city Mayor's Office of Recovery and Resiliency. The city is still recovering from the effects of the storm, which flooded most of its extensive shoreline, left tens of thousands without electricity for days, did billions of dollars of damage to infrastructure and killed 44 people, he said. Post-Sandy assessments estimate 400,000 New Yorkers today live in a floodplain - a number that would rise to 800,000 in the 2050s if the sea level rise reaches 2.5 feet, he said. "The challenges are fairly unique in a dense urban environment," said Zarrilli."There is no one single answer to the problem of climate change. (Reporting by Lisa Anderson, Editing by Laurie Goering)
The first time billionaire investor Daniel Loeb began pushing for change at the Walt Disney Co, he got his wish. Days later, the company announced it was betting big on growing its trio of streaming services, Disney+, the sports-focused ESPN+ and adult-focused Hulu. Just two years later, Disney surpassed streaming pioneer Netflix Inc in total subscriptions.
(Bloomberg) -- Tesla Inc. and SAIC Motor Corp. told Shanghai’s government they may have difficulty maintaining production if a power crunch in Sichuan continues to impact suppliers, people familiar with the matter said, prompting city officials to ask the southwestern province if it could prioritize electricity for the carmakers’ suppliers.The two carmakers informed authorities in Shanghai that key parts of their supply chains may be impacted by power cuts in Sichuan, which is seeing its worst d
- Investor's Business Daily
Tesla (TSLA) shares have risen in recent weeks and are now testing resistance at its 200-day moving average. Analysts have been raising 2023 estimates at the same time, heralding the addition of this 21st century icon to the IBD 50 growth list. The Inflation Reduction Act will work in the company's favor, with bullish long range implications for the renewable...
Pixy, which costs $230, will continue to be sold in its current iteration, according to the report. The news comes nearly four months after the Santa Monica, California-based company launched the pocket-sized camera, which can fly a few feet above its user to take photos and videos. Snap declined to comment on the report.
A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.
When news reaches the West, it generates fear-mongering headlines like "China heat wave shuts Tesla suppliers" which have likely rattled investors (because Tesla is all we care about, right?). Lithium battery giant CATL is among the companies that have been ordered to shut down production in the landlocked province of Sichuan, according to a local media report.
- Investor's Business Daily
Warren Buffett likes to say his favorite holding period for an S&P 500 stock is forever. But that's definitely not always the case.
Moderna Inc (NASDAQ: MRNA) appointed James Mock as its Chief Financial Officer, beginning September 6, 2022. In May, Moderna's newly appointed Chief Financial Officer, Jorge Gomez, departed the company immediately after joining office a day before. The announcement follows the public disclosure by Gomez's former employer, Dentsply Sirona Inc (NASDAQ: XRAY), of an ongoing internal investigation into some issues, including financial reporting. Related Content: Moderna Justifies It Did Not Know Abo
Tesla Creates Confusion Around Charging Station Membership for Non-Tesla EVs — Is It a Bargain or Not?
In a very short-lived announcement, it originally seemed Tesla had announced extremely low Supercharger membership prices for non-Tesla electric vehicles (EVs) in the U.S. Tesla Net Worth: How Much Is...
- The Independent
Security experts say that users should update all affected Apple devices
- IndyStar | The Indianapolis Star
Fans will be able to watch this season's IU basketball games like they're used to. Next season, things will change.
If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
- Investor's Business Daily
Interested in investing in stocks? Looking for tips on how to find the best stocks to buy and watch? Join IBD every 2 weeks for a free IBD Digital webinar.
- Investor's Business Daily
When President Joe Biden signed the CHIPS Act of 2022 into law on Aug. 9, it provided some good news for a number of chip stocks.
(Bloomberg) -- China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements that violate fair market principles and targets Beijing’s own efforts to build a semiconductor industry.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerLiz Cheney Prepares for Next Act in GOP Where Trump Holds SwayBill Gates and the Secret Push to Save Biden’s
- Simply Wall St.
Insiders in Intel Corporation (NASDAQ:INTC) are down 25% on their US$6.0m purchase despite recent gains
Insiders who bought US$6.0m worth of Intel Corporation ( NASDAQ:INTC ) stock in the last year have seen some of their...
- American City Business Journals
Amazon said seasonal expenses are rising more than before, and consequently it is shifting some logistics costs to third-party sellers.
- Yahoo Finance
What to watch in markets on Thursday, August 18, 2022.
- In The Know by Yahoo
American woman dumbfounded by plate after ordering ‘chips and salsa’ in Italy: ‘I’ll never get over it’
A word to the wise: "Chips and salsa" doesn't mean the same thing everywhere.
- Chicago Tribune
R. Kelly’s former goddaughter breaks down at his federal trial, telling jury he filmed them having sex while she was a minor
For the first time after two decades of swirling allegations, R. Kelly’s former goddaughter has taken the stand as a prosecution witness in a case against the disgraced singer. Dressed in a white blazer with her hair in long braids, the woman, now 37 and testifying at Kelly’s federal trial in Chicago under the pseudonym “Jane,” told the jury she had sexual contact with Kelly for the first time ...