Categories
Audio Sources - Full Text Articles

Biden says inflation going down but do not take anything for granted

2022-12-13T16:17:01Z

U.S. President Joe Biden speaks as he visits the SK Siltron CSS facility in Bay City, Michigan, U.S., November 29, 2022. REUTERS/Evelyn Hockstein

President Joe Biden on Tuesday said inflation in the United States was coming down and he hopes prices will be back to normal by the end of next year.

U.S. consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year and giving the Federal Reserve cover to start scaling back the size of its interest rate increases.

The consumer price index readings last month reflected declines in the costs of gasoline, healthcare and used cars and trucks but Americans still faced higher prices for food and rental housing.

“I want to be clear, it’s going to take time to get inflation back to normal levels. As we make the transition to a more stable growth, we could see setbacks along the way as well. We shouldn’t take anything for granted,” he said.

Biden said his goal was to get price increases under control without hurting economic growth and to lower inflation while keeping the labor market resilient.

He said prices on many items were still high but that gas prices were now lower than they were a year ago, food inflation slowed last month and prices of items such as televisions, used cars and toys are coming down.

Biden further said he hopes prices will be back to normal by the end of next year but is confident they are not going to go up.

Categories
Audio Sources - Full Text Articles

Fusion energy breakthrough announced by U.S. scientists

2022-12-13T16:07:59Z

Scientists at a U.S. lab have made a breakthrough on fusion energy, the process that powers the sun and stars, two sources with knowledge of the matter said on Monday. This report produced by Chris Dignam.

An aerial photo shows Lawrence Livermore National Laboratory in Livermore, California, U.S. on July 5, 2011. Courtesy National Nuclear Security Administration/Handout via REUTERS

U.S. scientists on Tuesday revealed a scientific advance on fusion energy which, if it can make the leap from labs to commercial generation of electricity in coming decades, could help the fight to curb climate change.

Scientists at the Lawrence Livermore National Lab in California on Dec. 5 for the first time briefly achieved a net energy gain in a fusion experiment using lasers, the U.S. Energy Department said. The scientists focused a laser on a target of fuel to fuse two light atoms into a denser one, releasing the energy.

Kimberly Budil, the director of Lawrence Livermore, told reporters at an Energy Department event that science and technology hurdles mean commercialization is probably not five or six decades away but sooner. “With concerted effort and investment, a few decades of research on the underlying technologies could put us in a position to build a power plant,” Budil said.

Scientists have known for about a century that fusion powers the sun and have pursued developing fusion on Earth for decades.

Arati Prabhakar, director of the White House Office of Sciences and Technology Policy, said the experiment represents a “tremendous example of what perseverance can achieve.”

Nuclear scientists outside the lab said the achievement will be a major stepping stone, but there is much more science to be done before fusion becomes commercially viable.

Tony Roulstone, a nuclear energy expert at the University of Cambridge, estimated that the energy output of the experiment was only 0.5% of the energy that was needed to fire the lasers in the first place.

“Therefore, we can say that this result … is a success of the science – but still a long way from providing useful, abundant, clean energy,” Roulstone said.

The electricity industry cautiously welcomed the step, though emphasized that in order to carry out the energy transition, fusion should not slow down efforts on building out other alternatives like solar and wind power, battery storage and nuclear fission.

“It’s the first step that says ‘Yes, this is not just fantasy, this can be done, in theory,'” said Andrew Sowder, a senior technology executive at EPRI, a nonprofit energy research and development group.

Categories
Audio Sources - Full Text Articles

European Parliament strips Eva Kaili of VP role over Qatar graft scandal

2022-12-13T16:14:42Z

President Roberta Metsola said on Tuesday (December 13) that her institution would “leave no stone unturned” in its effort to tackle corruption. The comment came after the European Parliament’s political groups voted to strip Eva Kaili of her role as vice president over a major corruption scandal, just as her lawyer said she denied any wrongdoing in her first public comment on the case.

Ali bin Samikh Al Marri, Qatar’s minister of labour, speaks with Greece’s Eva Kaili, vice president of the European Parliament, during a meeting in Qatar, October 31, 2022 in this social media handout image. Twitter/Ministry of Labour – State of Qatar via REUTERS

The European Parliament removed Greek MEP Eva Kaili as a vice president of the assembly on Tuesday after she was accused of accepting bribes from Qatar in one of the biggest corruption scandals to hit Brussels.

Kaili has denied any wrongdoing, but European lawmakers have acted rapidly to isolate her, worrying that the Belgian investigation will badly dent the assembly’s efforts to present itself as a sound moral compass in a troubled world.

“There will be no sweeping under the carpet. Our internal investigation will look at what has happened and how our systems can be made more watertight,” European Parliament President Roberta Metsola said as 625 MEPs voted to deprive Kaili of her VP role, with only one voting against and two abstaining.

Kaili, who is in Belgian police detention, was one of 14 vice presidents in the parliament.

Belgian prosecutors charged her and three Italians at the weekend with taking part in a criminal organisation, money laundering and corruption.

A source close to the investigation has said they were believed to have pocketed money from Qatar, current host of the soccer World Cup. The energy-rich Gulf state has denied any wrongdoing.

Police have raided numerous buildings in Brussels, including parliament offices and 19 homes, discovering around 1.5 million euros ($1.58 million), some of it stashed in a suitcase in a hotel room, a source close to the investigation said.

Kaili’s lawyer in Greece, Michalis Dimitrakopoulos, said on Tuesday that she was innocent. “She has nothing to do with financing from Qatar, nothing, explicitly and unequivocally,” he told Open TV in a first public comment.

Several MEPs nonetheless called for the 44-year-old Socialist politician to quit the assembly altogether.

“Given the extent of the corruption scandal, it is the least we could expect of her,” said MEP Manon Aubry, who co-chairs the Left group.

Countries and politicians on the nationalist right who have faced criticism from the assembly said it had lost the moral high ground.

“From now on the European Parliament will not be able to speak about corruption in a credible manner,” Hungarian Foreign Minister Peter Szijjarto wrote on Facebook.

Jordan Bardella, a French MEP and president of the far-right Rassemblement National, said the scandal showed what he called the “mockery” of an EU “which has set itself up as a model of virtue, a giver of lessons”.

Belgian prosecutors said they had suspected for more than four months that a Gulf state was trying to buy influence in Brussels. Although no state was publicly named by prosecutors, a source with knowledge of the case said it was Qatar.

None of the four people charged has been formally identified, but their names were rapidly leaked to the press.

According to a source familiar with the case, the other accused are former EU lawmaker Pier Antonio Panzeri, Kaili’s partner Francesco Giorgi, who is a parliamentary assistant, and Niccolo Figa-Talamanca, secretary-general of a human rights campaign group.

There were no replies to calls and emails made by Reuters to their respective offices or homes.

Angelo De Riso, a lawyer for Panzeri’s wife Maria Colleoni and adult daughter Silvia, whose extradition from Italy Belgium is seeking as part of the investigation, said there would be hearings on Dec. 19-20 to decide on that request.

“My clients told the judge that they knew nothing about the things that are being challenged against them and that they had nothing to do with it,” De Riso said.

Kaili was among a stable of young aspiring Greek politicians who emerged in the debilitating debt crisis which swept Greece from 2010 to 2015. The Greek socialist PASOK party has said it will expel her from its ranks.

In a speech in the European Parliament on Nov. 21, at the start of the month-long World Cup, Kaili lashed out at Qatar’s detractors and hailed the energy-rich Gulf state as “a frontrunner in labour rights.”

Qatar, whose immense wealth derives from its oil and gas reserves, drew fierce criticism of its human rights record in the run-up to the World Cup, including its treatment of migrant workers.


Categories
Audio Sources - Full Text Articles

Senior Russian official says he“s unaware of more prisoner swap talks with U.S.

2022-12-13T16:17:27Z

Russian Deputy Foreign Minister Sergei Ryabkov attends a meeting of Foreign Minister Sergei Lavrov with Iranian Foreign Minister Hossein Amir-Abdollahian in Moscow, Russia March 15, 2022. REUTERS/Maxim Shemetov/Pool

Russian Deputy Foreign Minister Sergei Ryabkov said on Tuesday that he knew of no new scheduled contacts with the United States regarding further prisoner swaps in the wake of a high-profile exchange last week, Russia’s Interfax news agency reported.

He was responding to comments by U.S. National Security Adviser Jake Sullivan, who told reporters on Monday that Washington expected an “engagement” with Moscow this week on the case of Paul Whelan, an American serving a 16-year sentence in Russia for espionage.

Interfax quoted Ryabkov as saying: “I don’t know what they have in mind. As the president has already said, we have a department dealing with this matter. According to my information, no contacts are expected on this subject through the lines that I know about.”

It was not clear if Ryabkov was ruling out Russian participation in talks this week, or if a meeting might be planned without his knowledge. Russia has previously said contacts with the United States on prisoner exchanges were being conducted by the two countries’ intelligence services.

Whelan was not included in a prisoner swap last week that saw Russia free U.S. basketball star Brittney Griner, serving a nine-year sentence in Russia on a drugs charge, in return for Viktor Bout, a Russian jailed for arms trafficking in the United States. Washington says Whelan is unjustly imprisoned and it is determined to bring him home.

Russian and U.S. diplomats met in Istanbul last Friday to discuss a number of technical issues in their relationship, which is bedevilled with disputes including over embassy staffing levels.

Russian news agencies quoted Ryabkov as saying the consultations had been useful but there was no progress on substantive issues including visa and embassy questions.

Russia said last week that 30 more of its embassy staff would have to leave the United States on Jan. 1 due to visa restrictions. Ryabkov said Russia would “respond” to this.

The two countries would continue talks on points of contention in the new year, he said.

Categories
Audio Sources - Full Text Articles

FTX founder charged with fraud in crypto exchange“s collapse

2022-12-13T15:58:42Z

U.S. federal prosecutors on Tuesday alleged Sam Bankman-Fried committed fraud and violated campaign finance laws, and the founder and former CEO of FTX also faced additional charges by U.S. regulators.

The 30-year-old Bankman-Fried arrived at a heavily guarded Bahamas court on Tuesday for his first in-person public appearance since the crypto currency exchange’s collapse. He could be extradited to the United States.

“Mr. Bankman-Fried is reviewing the charges with his legal team and considering all of his legal options,” his lawyer, Mark S. Cohen, said in a statement.

In the indictment, prosecutors said Bankman-Fried had engaged in a scheme to defraud FTX’s customers by misappropriating their deposits to pay for expenses and debts and to make investments on behalf of his crypto hedge fund, Alameda Research LLC.

He also defrauded lenders to Alameda by providing them with false and misleading information about the hedge fund’s condition, and sought to disguise the money he had earned from committing wire fraud, prosecutors said.

Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) alleged Bankman-Fried committed fraud in lawsuits filed on Tuesday.

“While he spent lavishly on office space and condominiums in The Bahamas, and sank billions of dollars of customer funds into speculative venture investments, Bankman-Fried’s house of cards began to crumble,” the SEC filing said.

The CFTC sued Bankman-Fried, Alameda, and FTX on Tuesday, alleging fraud involving digital commodity assets.

Since at least May 2019, FTX raised more than $1.8 billion from equity investors in a years-long “brazen, multi-year scheme” in which Bankman-Fried concealed that FTX was diverting customer funds to its affiliated crypto hedge fund, Alameda Research LLC, the SEC alleged.

While the public believed Bankman-Fried’s “lies” and sent billions of dollars to FTX, he improperly diverted customer funds to his hedge fund, the SEC said in a court filing. He continued to divert FTX customer funds even as it was increasingly clear that Alameda and FTX could not make customers whole, the SEC said.

Bankman-Fried has apologized to customers and acknowledged oversight failings at FTX, but said he doesn’t personally think he has any criminal liability.

Bankman-Fried founded FTX in 2019 and rode a cryptocurrency boom to build it into one of the world’s largest exchanges of the digital tokens. Forbes pegged his net worth a year ago at $26.5 billion, and he became a substantial donor to U.S. political campaigns, media outlets and other causes.

A crypto exchange is a platform on which investors can trade digital tokens such as bitcoin.

Brad Simon, a criminal defense lawyer in New York, said he doubted Bankman-Fried would fight extradition, given his interviews about the case. Simon said he could be in the United States in a few weeks.

Simon also said U.S. authorities likely moved to prevent Bankman-Fried from testifying in Congress, which could be used by his defense attorneys to claim certain immunities and it often “throws a monkey wrench in prosecutions.”

FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing losses in the billions of dollars. The collapse reverberated across the crypto world and sent bitcoin and other digital assets plummeting.

A spokesperson for FTX Debtors declined to comment.

Known in financial circles by his initials, SBF, Bankman-Fried was a prominent and unconventional figure. He sported wild hair, t-shirts and shorts on panel appearances with statesmen like former U.S. President Bill Clinton and former British Prime Minister Tony Blair.

Bankman-Fried became one of the largest Democratic donors in the United States, contributing $5.2 million to President Joe Biden’s 2020 campaign.

Police in the Bahamas, where FTX was based, said he was arrested Monday evening at his luxury gated community called the Albany in the capital, Nassau. Damian Williams, the U.S. Attorney for the Southern District of New York, said in a statement on Monday evening the arrest came at the request of the U.S. government.

The Bahamas’ attorney general’s office said it expected him to be extradited to the United States. Bahamas Police said he was arrested due to “various Financial Offences against laws of the United States, which are also offences” in the Bahamas.

It was not immediately clear what would take place at the hearing or whether Bankman-Fried would decide to fight extradition, potentially setting up a high-stakes battle.

FTX’s liquidity crunch came after Bankman-Fried secretly used $10 billion in customer funds to support his proprietary trading firm, Alameda Research, Reuters has reported. At least $1 billion in customer funds had vanished, the people said.

Bankman-Fried resigned as FTX’s chief executive officer the same day as the bankruptcy filing.

Unlike other customers, Alameda was allowed to hold a negative account on FTX’s platform, the SEC said. Bankman-Fried directed code to be written that allowed this, the agency said.

Related Galleries:

FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS/File Photo

The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File Photo/File Photo/File Photo

FTX founder Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS/File Photo/File Photo
Categories
Audio Sources - Full Text Articles

Capitão que estimulou atos golpistas é exonerado do gabinete da Presidência, mas ganha cargo até fim do governo

Capitão da ativa do Exército, Andriely Cirino, foi exonerado do Gabinete Pessoal da Presidência da República menos de um mês após o Intercept revelar que ele estimulava atos golpistas utilizando uma lista de transmissão no WhatsApp. O ato que desligou o militar do gabinete de Jair Bolsonaro foi publicado no Diário Oficial da União na última quarta-feira, dia 7, e vale retroativamente a partir do dia 2 de dezembro.

Apesar de sair da sala do presidente, Cirino manteve uma boquinha no Planalto até o fim do governo, faltando menos de 18 dias para seu encerramento. O capitão   foi nomeado para  uma vaga  na Secretaria-Geral da Presidência, comandada pelo general da reserva Luiz Eduardo Ramos, um dos militares mais radicais do governo Bolsonaro.

A nova função parece mais um cargo de consolação para o aliado. Caberá a ele “auxiliar na administração das residências oficiais da Presidência da República e planejar, coordenar e acompanhar a sua manutenção”, segundo nos informou a Secretaria-Geral, em nota. Com a mudança, seu salário foi reduzido quase pela metade: de R$ 3.411,33 no gabinete presidencial para R$ 1.301,76 – como não irá completar um mês no cargo devido à troca de governo, receberá ainda menos que isso. O salário do capitão no Exército é de R$ 21.010,05, de acordo com o Portal da Transparência.

A exoneração de Cirino se deu uma semana após o senador petista Humberto Costa pedir à Justiça Militar uma investigação contra as práticas denunciadas pelo Intercept e a presidente do PT, Gleisi Hoffmann, cobrar publicamente o afastamento dele  no dia 30 de novembro, em um tweet. Desde o início dos atos antidemocráticos que põe em dúvida o sistema eleitoral brasileiro, o Tribunal Superior Eleitoral, o TSE, passou a aplicar multas a golpistas, como caminhoneiros que bloqueiam estradas no país, além de suspender redes sociais de parlamentares entusiastas do movimento golpista.

Até quando GSI e Forças Armadas se calarão sobre militares golpistas? É preciso providências urgentes contra Andriely Cirino que insufla a desordem e Ronaldo Ribeiro que ameaçou eleitores de Lula e a posse. Devem ser afastados e punidos por crime a contra democracia.

— Gleisi Hoffmann (@gleisi) November 30, 2022

No dia 11 de novembro, revelamos que Cirino, começou a usar uma lista de transmissão para disparar mensagens com conteúdos golpistas, negando o resultado das eleições presidenciais do segundo turno, além de conclamar manifestações antidemocráticas e levantar suspeitas — infundadas — contra as urnas eletrônicas. Entre as mensagens, havia reprodução de vídeos de milhares de bolsonaristas que estão há mais um mês acampados em diversos estados do país pedindo uma intervenção militar — o que é crime. A lista usada por Cirino para atentar contra a democracia havia sido inicialmente criada para divulgar informações profissionais a assessores dos Ministérios.

Quando foi procurado para comentar as mensagens, Cirino mentiu: negou que propagasse fake news ou atentasse contra a Constituição. Ele também não respondeu se enviava os conteúdos por ordem do presidente. O Planalto não se manifestou sobre o caso.

The post Capitão que estimulou atos golpistas é exonerado do gabinete da Presidência, mas ganha cargo até fim do governo appeared first on The Intercept.

Categories
Audio Sources - Full Text Articles

The Shutdown of “Luxury Emissions” Should Be at the Center of Climate Revolt

Milieudefensie, Extinction Rebellion, Greenpeace and other organisations members sit in front of an aircraft during a protest at Schiphol Airport, Amsterdam, Nov. 5, 2022.

Members of Milieudefensie, Extinction Rebellion, Greenpeace, and other organizations sit in front of an aircraft at Amsterdam’s Schiphol Airport on Nov. 5, 2022.

Photo: Remko de Waal/AFP via Getty Images

Seven hundred self-described “climate rebels” breached the chain-link fence surrounding Amsterdam’s Schiphol Airport, the world’s third-busiest hub for international passenger traffic, on November 5. With bolt cutters they opened holes in the fence and poured in, some of them on bicycles, and raced across the tarmac. Others laid ladders against the 9-foot-high fence and topped it on foot.

They had to move quickly before military police, tasked with securing the airport, saw what was happening. The rebels targeted 13 private jets parked or preparing for takeoff, at least two belonging to NetJets, the Berkshire Hathaway subsidiary that bills itself as the world’s largest jet company and sells fractional ownership shares in private business jets.

They swarmed each of the jets in groups of 20 or 30 or more and sat down before the looming machines, there to stay for the next six-and-a-half hours, unmoving, until at last police waded in and started hauling the rebels to jail. Some of the 413 arrests were violent. “There was fear and rage, for the state of the world and for my own future,” said one of those arrested.

Another 800 people gathered for a march and sit-in at the airport’s main plaza, and at least 30 activists blocked the road that serves as the supply route to Schiphol. Every single private jet at Schiphol ended up grounded that day, not merely the 13 that were surrounded.

“Our action brought them back to earth.”

“The superrich have got used to polluting as they please with a total disregard for people and planet, and private jets are the pinnacle of these luxury emissions that we simply cannot afford,” Jonathan Leggett, one of the activists, told us. “Our action brought them back to earth. We wanted to show the extremeness and injustice related to this manner of transport.”

In other words: a perfectly tailored climate action. Not a highway sit-down ensnaring hapless motorists and keeping cars running, and emitting, longer. Not sit-ins at banks that broker investments in fossil fuels but don’t directly cause their combustion. And certainly not spattering soup on museum art, with its unsettling aura of sullying humanity’s heritage in order to save it.

No, the Schiphol action went for climate change’s jugular: self-indulgent carbon-spewing. It did so balletically, in the democratic and fuel-efficient motion of humans racing on foot or whirling about on bicycles. And ecologically: In the words of one participant, “We made sure that any planes could still land, because the last thing we wanted was for them to be unnecessarily flying for any longer than they already were.”

It was an action that bared the gluttony and entitlement of fossil fuel usage. “Keep it in the ground” protesters confine their blockades to energy supply infrastructure and studiously ignore the demand half of the equation. This has been a shortcoming of the climate movement for too long, as it passes up one opportunity after another to rouse millions against the class that, even more than the corporations of Big Carbon, perpetuates the climate crisis: the world’s wealthy.

Limits of Green Energy

Climate disorder won’t be remedied through an orderly march of green energy. Replacing fossil fuels with a planetary buildout of wind turbines and solar panels, while simultaneously making and plugging in a billion new electric furnaces and vehicles, looks straightforward in a spreadsheet. In truth, though, ramping up green energy alone won’t cut fossil fuel use quickly enough to meet the Paris warming limit of 1.5 degrees Celsius. Supplanting the world’s combustion-based energy infrastructure with an all-electric model will be too lumbering, too roundabout, and too full of its own drawbacks to fully bend the emissions curve in the brief time left.

The world must also rein in consumption. For reasons both symbolic and practical, the climate movement must strike not just at pipelines and mines, but also at obscene wealth.

The justification is unarguable. Large personal fortunes feed carbon consumption and make a mockery of programs to curb it. As well, the surplus wealth of the superrich is probably the lone source of capital that can finance the worldwide uptake of greener energy and also pay for adaptation where it’s most critical.

At the nexus of consumption and wealth sits luxury carbon. Which is why the Schiphol action was so strategic.

Consider that the world’s richest 10 percent account for 50 percent of fossil fuel burning and carbon emissions. Consider that climate reparations, for which the Global South won acknowledgment but little more at last month’s COP27 climate talks, can’t be funded at scale by tweaking wealthy countries’ hidebound taxation-as-usual. Consider that carbon emissions pricing, an indispensable policy tool for shrinking fossil fuel demand, can’t be made politically palatable in the U.S. — even with worthy “dividend” schemes — so long as middle- and working-class families must witness the superrich lording and polluting at will.

Climate activists are seen sitting on the ground of the main hall of the airport during the demonstration, Schiphol Airport, Amsterdam, Nov 5, 2022.

Climate activists sit in the main hall of Amsterdam’s Schiphol Airport during a demonstration on Nov. 5, 2022.

Photo: Ana Fernandez/AP

Prodigal Aviation

As the Schiphol rebels surely know, luxury carbon, like all manufactured desire, is a contagion, oozing inexorably from the sanctums of the few to become desires of the many. Few Americans, and even fewer Europeans, flew in airplanes in 1950. These days, half of U.S. residents fly each year, averaging half a dozen flights each, according to the industry’s annual “Air Travelers in America” reports. As commercial aviation grew safer and more affordable, feeding the increase, business and pleasure travel became normalized.

Today, “general” aviation — private jets, business jets, air tourism — is undergoing a similar liftoff as well-heeled flyers seek refuge, and a status boost, from the indignities of commercial service. And nowhere is private jetting’s carbon waste as blatant as it is in Europe, with its extensive rail network. Per passenger, private air travel is five to 14 times more carbon-polluting than commercial flights, and 50 times more than high-speed rail, according to the European NGO Transport & Environment.

In the Netherlands, 8 percent of the population takes 40 percent of flights. Worldwide, the difference is even more stark: One percent of the population is responsible for 50 percent of pollution due to aviation, making air travel a textbook example of how pollution by the rich leads to consequences and injustices for those who have not caused the climate crisis.

Naysayers will note that the tactic of occupying and disrupting airports has been tried before, as in the case of the Plane Stupid campaign of the 2000s and 2010s. Radicals in the climate movement such as Andreas Malm, who advocates property destruction of fossil infrastructure, point out that Plane Stupid was ineffective in bending the arc of emissions.

“What the Schiphol people needed to do is destroy the airplanes on the tarmac and then destroy the airplane manufacturers,” said an ecosaboteur named Stephen McRae, an acquaintance of one of the authors, who recently completed a six-year prison sentence for industrial sabotage. Although he no longer participates in such criminal acts of destruction, he has a point. The planes grounded on November 5 are already back in the air. That doesn’t diminish the value of what the Schiphol rebels did, however. Actions that disrupt carbon comfort without violence or hardship are morale-building, the material from which more actions and eventually mass movements are made.

A United Airlines Boeing 787 Dreamliner airplane is seen overflying in the blue sky over Amsterdam. The wide-body aircraft is a B787-10 with registration N14011 flying transatlantic from Frankfurt FRA Germany to New York Newark EWR USA. The plane is flying at 36.000 feet forming contrails known as chemtrails also, condensation or vapor white lines, trails made in high altitude. . The world aviation passenger traffic numbers declined due to the travel restrictions, safety measures such as lockdowns, quarantine etc during the era of the Covid-19 Coronavirus pandemic that hit hard the aviation and travel industry. Amsterdam, Netherlands on April 1, 2021 (Photo by Nicolas Economou/NurPhoto via Getty Images)

A United Airlines Boeing 787 Dreamliner airplane is seen flying over Amsterdam on April 1, 2021.

Photo: Nicolas Economou/NurPhoto via Getty Images

Ripple Effect

A few days after the Schiphol revolt, climate activists under the banner of Scientists Rebellion disrupted operations at private airports in four U.S. states and a dozen other countries, according to a New York Times roundup.

While the Times attributed the rising militancy of scientists to “the increasing clarity of the science,” it was more likely propelled by the impulses that motivated protesters in the Netherlands: rage at a future “thrown away for the profits of a few,” in the words of one Schiphol rebel, and the palpable need “to stand there and know we actually were grounding private jets and … actively stopping this manner of pollution,” per another.

Along with their clarity in targeting the true fountainhead of climate disorder — sybaritic carbon profligacy — what stands out most about the Schiphol action is its organizational breadth and cohesion. On top of the 700 occupying the tarmac and the 800 marching and sitting-in at the main plaza were those “working throughout the day, and in the days and weeks beforehand, in a range of supporting roles,” as one organizer reported, describing legal and media teams, an arrestee support team, and a team of caterers. “The diversity of roles worked to our advantage: There are as many ways to engage with activism as there are people, everyone has their own way of contributing.”

Social solidarity on this scale helped buffer the cruelty of airport police who in some cases “ripped people from their groups and held [them] in painful positions even though they were cooperating,” reported one first-time protester who joined the action as a medic. “What started as a nervous morning ended with a fulfilling and accomplishing situation,” he said. “We did this.”

The post The Shutdown of “Luxury Emissions” Should Be at the Center of Climate Revolt appeared first on The Intercept.

Categories
Audio Sources - Full Text Articles

I tried Taco Bell’s Beyond Meat quesadilla at the only place it’s available in the US. The meatless ‘steak’ could’ve fooled me, and I now want to try it on everything.

Cassy Crabtree at Taco Bell.Cassy Crabtree tried Taco Bell’s Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

  • On October 13, Taco Bell introduced its new Beyond Meat Carne Asada Steak Quesadilla.
  • The vegetarian item has been added to its Ohio restaurants for a limited time, while supplies last.
  • Cassy Crabtree tried the quesadilla and hopes Taco Bell will make it a permanent menu item.
In February 2021, Beyond Meat announced a global partnership with Yum Brands to bring more vegetarian menu options to KFC, Pizza Hut, and Taco Bell restaurants.Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Valued at around $1.5 billion, Beyond Meat makes plant-based burgers and sausages.Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite on May 2, 2019, in New York City.

Drew Angerer/Getty Images

Source: GlobeNewswire

Beyond Meat produces plant-based meat alternatives using ingredients like beans and wheat proteins without the added hormones and GMOs that traditional animal meat contains.Packages of Beyond Meat products sit below Impossible Foods plant-based ground beef in a grocery store cooler case in New York City.Beyond Meat and Impossible Foods products at a grocery store.

Angela Weiss / Getty / AFP

Source: Beyond Meat

The environmentally-conscious company has partnered with other quick-service restaurants like Del Taco, TGI Friday’s, and Carl’s Jr.A view of the Beyond Meat Burger on display as Carl's Jr. & Beyond Meat partner for first-ever plant-based meat menu takeover on Earth Day 2021.A view of the Beyond Meat Burger on display as Carl’s Jr. & Beyond Meat partner for first-ever plant-based meat menu takeover on Earth Day 2021.

Jesse Grant / Stringer

Source: Insider

In September, Taco Bell and Beyond Meat announced its first partnership item, the Beyond Carne Asada Steak Quesadilla.Taco Bell's Beyond Meat carne asada quesadillaTaco Bell quesadilla made with Beyond Meat carne asada.

Taco Bell

Source: Insider

On October 13, Taco Bell released the new plant-based menu item in the Dayton, Ohio, area, and said it would only be available while supplies lasted.Taco Bell in Tippy, Ohio.A Taco Bell restaurant in Tipp City, Ohio.

Cassy Crabtree

I was excited when I heard about the Beyond Carne Asada Steak Quesadilla. As a vegetarian, I wanted to make sure I tried it before it was gone.Cassy Crabtree sitting inside Taco Bell restaurant.Sitting inside my local Taco Bell restaurant.

Cassy Crabtree

The restaurant has a reputation for creating popular food items, then mysteriously dropping them from the menu (enter Nacho Fries and the infamous Mexican Pizza).Taco Bell Mexican PizzaTaco Bell’s Mexican Pizza.

Taco Bell

Since Taco Bell is already a great choice for vegetarians, with options like the Black Bean Crunchwrap Supreme and the vegetarian Mexican Pizza, I had high hopes for the new Beyond Carne Asada Steak Quesadilla.Black Bean Crunchwrap Supreme_Close UpTaco Bell’s new Black Bean Crunchwrap Supreme.

Taco Bell

I visited my local Taco Bell in Tipp City, Ohio (a suburb of Dayton). I’ve actually never been inside this establishment, but I wanted to get the full experience, so I went in.Taco Bell in Tippy, Ohio.The Taco Bell restaurant in Tipp City, Ohio.

Cassy Crabtree

It was a Monday night around 6 p.m. — prime dinner time. When I entered, I was surprised to see the restaurant completely empty.Tipp City Taco Bell restaurant.Inside the Tipp City Taco Bell.

Cassy Crabtree

The Beyond Carne Asada Steak Quesadilla was not on the Taco Bell mobile app, but upon entering the building it was the first thing I noticed on the menu.Tipp City, Ohio, Taco Bell menu.The Taco Bell menu in Tipp City, Ohio.

Cassy Crabtree

I placed my order using a kiosk inside the restaurant. I loved the feature that allowed me to filter to only vegetarian options.Taco Bell kiosk.A Taco Bell kiosk.

Cassy Crabtree

This new vegan steak was crafted with the signature spices that Taco Bell currently uses on its regular steak.The Taco Bell add-on menu.The Taco Bell add-on menu at the kiosk.

Cassy Crabtree

It cost $5.39, which is comparable to some of the other vegetarian options on Taco Bell’s menu. For reference, the Black Bean Crunchwrap Supreme is $5.19. This price is for the quesadilla itself, no side or drink included.Taco Bell kiosk.A Taco Bell kiosk.

Cassy Crabtree

Taco Bell has always done right by a quesadilla, and this variation was no different.Cassy Crabtree at Taco Bell.I tried Taco Bell’s Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

It didn’t skimp out on the meat, either — there was some in every bite — and it added the typical blend of cheeses with a creamy jalapeño sauce.Taking a bite of the Beyond Carne Asada Steak quesadilla.Taking a bite of the Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

The vegan steak was marinated perfectly with just the right amount of spice. Vegetarian meats can be tricky when getting the texture right, but Beyond Meat nailed it. I could’ve been fooled that it was real steak.Beyond Carne Asada Steak quesadilla.The Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

I paired my quesadilla with Taco Bell’s hot sauce for a little extra kick.Beyond Carne Asada Steak quesadilla.Taco Bell Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

In my opinion, this new menu item is right up there with the Black Bean Crunchwrap Supreme. The two options have very different flavors, but I think they’re equally as good.A bite of Beyond Carne Asada Steak quesadilla.A bite of the Beyond Carne Asada Steak Quesadilla.

Cassy Crabtree

I also discovered that the Beyond Carne Asada can be swapped into any food item on Taco Bell’s menu. I can’t wait to try this on a traditional Soft Taco Supreme.Taco Bell kiosk.A Taco Bell kiosk.

Cassy Crabtree

I hope Taco Bell keeps the Beyond Carne Asada on the menu and adds it nationwide for all vegetarians to enjoy (Even my nonvegetarian husband gave the Beyond Meat quesadilla a thumbs up).Outside of Taco Bell.I’d come back for the Beyond Carne Asada at Taco Bell.

Cassy Crabtree

Read the original article on Business Insider
Categories
Audio Sources - Full Text Articles

Why the latest inflation report was the best-case scenario for stocks

nyse trader

Spencer Platt/Getty Images

  • Stocks rallied Tuesday after November inflation data came in cooler than expected.
  • The reaction shows traders are expecting an easing of Fed tightening, which would help avoid a hard economic landing in 2023.
  • The report was in many ways the most ideal possible outcome for stocks.

November inflation data came in cooler than expected.

It was in many ways the best-case scenario for stocks, as evidenced by Tuesday’s sharp rally. 

Cooler economic data signals the Fed’s rate hikes are working, and suggests the central bank could decelerate the pace of increases sooner than expected. This, in turn, reduces the prospect of an economic hard landing in 2023 and makes a looming recession possibly less severe. 

All that provides optimism to investors and juice for a stock rally — even with the Fed expected to announce a 50-basis-point rate hike Wednesday, its fifth jumbo move in a row. The strong upside move shows traders are already looking past this week’s rate decision towards a more measured path ahead.

“Today’s inflation report is a welcome holiday gift to markets,” Matt Peron, director of research at Janus Henderson Investors, wrote in client note. “While inflation is still unacceptably high, it is clearly dropping due to the lag effect of the rate hikes implemented this year. Today’s report is a clear positive for market multiples.”

The Labor Department reported that November CPI, which measures a broad basket of goods and services, rose 0.1% from the prior month, and 7.1% year-over-year. Dow Jones economists had expected those figures to increase 0.3% and 7.3%, respectively. 

Investors cheered on the reading, with the Nasdaq in particular rocketing higher. The tech-heavy index climbed as much as 4%. The S&P 500 and Dow Jones Industrial each rallied about 2%. 

Mike Loewengart, head of model portfolio construction at Morgan Stanley’s Global Investment Office, called the Tuesday market response a sigh of relief from investors, but suggested there’s still more work to do for policymakers. 

“If inflation is able to continue on this trend, the conversation around a soft landing will only get louder, but keep in mind inflation is still well-above the Fed’s target rate,” Loewengart wrote Tuesday in an email. 

Meanwhile, Morgan Stanley’s Mike Wilson highlighted Monday that investors should shift their attention away from inflation data and Fed rate hikes. Instead, it will be downward earnings revisions that drag on stocks the most for next year, he explained.

“We believe costs will remain elevated and prices received by companies will fall, creating negative operating leverage and a very challenging environment for earnings,” Wilson said.

But because it’s higher interest rates that underpin weaker earnings revisions, the chance of lighter-than-expected rate increases alleviates that earnings pressure.

Long story short, cooling inflation opens up the chance for moderating Fed policy, and negativity that’s been priced into markets alleviates — and stocks get their best-case scenario. 

Read the original article on Business Insider
Categories
Audio Sources - Full Text Articles

The 25 big companies with the best CEOs

Yamini Rangan of HubSpotYamini Rangan, CEO of HubSpot, placed at the top of Comparably’s 2022 list of the most highly ranked CEOs at large companies.

Courtesy of Comparably

  • HubSpot CEO Yamini Rangan ranked No. 1 on Comparably’s 2022 list of the top CEOs from big companies.
  • The CRM platform also ranked No. 1 on Comparably’s Best Company Culture list that was published on Monday.
  • The CEOs of ADP, Nextdoor, and Google also made this year’s top 10 CEOs.

Yamini Rangan, CEO of HubSpot, is the best CEO among companies with over 500 employees according to a new ranking from Comparably.

Comparably used anonymous ratings to find the greatest CEOs according to people who work at these places and who answered questions on the site. The responses used to create the rankings were from November 27, 2021 to November 29, 2022.

For the list focused on small and midsize companies, or those with 500 or fewer workers, Martin Mao of Chronosphere ranked at the very top of the list.

While the CEO of HubSpot made the top of this year’s CEO list about large companies from Comparably, the CRM platform also ranked at the very top of Comparably’s 2022 list of the large companies with the greatest company culture.

Rangan and Nextdoor CEO Sarah Friar are the only two women to make the top 10 this year. Friar ranked No. 7. Several CEOs of companies in tech made the top of the list. That includes Sundar Pichai of Google, who placed No. 10 on the large employer list, and Chuck Robbins of Cisco, who ranked No. 23. Comparably said that Pichai and Satya Nadella of Microsoft have historically been the only two CEOs to place on the list for six straight years.

The following are the CEOs that made the top of the large company list this year.

25. Ed Bastian of Delta Air LinesDelta Air Lines CEO Ed Bastian

Courtesy of Comparably

Industry: Airline/travel

24. Andy Jassy of Amazon StoresAndy Jassy of Amazon

Courtesy of Comparably

Industry: Technology

23. Chuck Robbins of CiscoChuck Robbins of Cisco

Courtesy of Comparably

Industry: Network hardware

22. Lisa Su of AMDLisa Su of AMD

Courtesy of Comparably

Industry: Semiconductor

21. Brian Cassin of ExperianBrian Cassin of Experian

Courtesy of Comparably

Industry: Financial services

20. Anne Wojcicki of 23andMeAnne Wojcicki of 23andMe

Courtesy of Comparably

Industry: Biotechnology

19. Archie Black of SPS CommerceArchie Black of SPS Commerce

Courtesy of Comparably

Industry: Tech

18. Christian Klein of SAPChristian Klein of SAP

Courtesy of Comparably

Industry: Finance software

17. Michael Weening of CalixMichael Weening of Calix

Courtesy of Comparably

Industry: Telecommunications software

16. Timothy Chi of The Knot WorldwideTimothy Chi of The Knot Worldwide

Courtesy of Comparably

Industry: Wedding/event management

15. Martin Migoya of GlobantMartin Migoya of Globant

Courtesy of Comparably

Industry: Software development

14. Robert G. Painter of TrimbleRobert G. Painter of Trimble

Courtesy of Comparably

Industry: Industrial technology

13. Chris Caldwell of ConcentrixChris Caldwell of Concentrix

Courtesy of Comparably

Industry: Customer service outsourcing

12. Bert Bean of Insight GlobalBert Bean of Insight Global

Courtesy of Comparably

Industry: Staffing and recruiting

11. Bryce Maddock of TaskUsBryce Maddock of TaskUs

Courtesy of Comparably

Industry: Customer service outsourcing

10. Sundar Pichai of GoogleSundar Pichai of Google

Courtesy of Comparably

Industry: Internet cloud computing

9. Arvind Krishna of IBMArvind Krishna of IBM

Courtesy of Comparably

Industry: Computer enterprise software

8. Shantanu Narayen of AdobeShantanu Narayen of Adobe

Courtesy of Comparably

Industry: Enterprise software

7. Sarah Friar of NextdoorSarah Friar of Nextdoor

Courtesy of Comparably

Industry: Private social networking platform

6. Dan Rosensweig of CheggDan Rosensweig of Chegg

Courtesy of Comparably

Industry: Higher education

5. Satya Nadella of MicrosoftSatya Nadella of Microsoft

Courtesy of Comparably

Industry: Computer software and consumer electronics

4. Vladimir Shmunis of RingCentralVladimir Shmunis of RingCentral

Courtesy of Comparably

Industry: SaaS/enterprise software

3. Carlos Rodriguez of ADPCarlos Rodriguez of ADP

Courtesy of Comparably

Industry: HR management software

2. Chano Fernandez of WorkdayChano Fernandez of Workday

Courtesy of Comparably

Industry: SaaS

1. Yamini Rangan of HubSpotYamini Rangan of HubSpotYamini Rangan, CEO of HubSpot, placed at the top of Comparably’s 2022 list of the most highly ranked CEOs at large companies.

Courtesy of Comparably

Industry: CRM Software

Here’s the large company list for 2022:Infographic of Comparably's list of the Best CEOs among large companies

Courtesy of Comparably

And here’s who made the list about small and midsize companies:Infographic of Comparably's list of the Best CEOs among small and midsize companies

Courtesy of Comparably

Read the original article on Business Insider
WP Radio
WP Radio
OFFLINE LIVE