Natural gas skyrockets as China pledges huge supply boost
The company, one of three state-run oil majors, said that it will supply 24.6 billion cubic meters (bcm) of natural gas during the heating season that kicks off this week, up 20 percent year-on-year, to meet rising natural gas demand in the country.China is in the process of replacing over reliance on coal usage for both industrial and residential end users to offset rampant air pollution, particularly in its larger urban centers. By government mandate, at least 10 percent of the country’s energy mix needed for power generation by 2020 must be natural gas, with further earmarks set for 2030. Russia to become China’s top supplier of gas soon CNOOC, the country’s largest oil and gas producer, said 6.1 bcm of natural gas will be supplied to seven northern … [READ MORE...]
Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis
Three years ago, Mr. Zuckerberg, who founded Facebook in 2004 while attending Harvard, was celebrated for the company’s extraordinary success. Ms. Sandberg, a former Clinton administration official and Google veteran, had become a feminist icon with the publication of her empowerment manifesto, “Lean In,” in 2013.Like other technology executives, Mr. Zuckerberg and Ms. Sandberg cast their company as a force for social good. Facebook’s lofty aims were emblazoned even on securities filings: “Our mission is to make the world more open and connected.”But as Facebook grew, so did the hate speech, bullying and other toxic content on the platform. When researchers and activists in Myanmar, India, Germany and elsewhere warned that Facebook had become an instrument of government propaganda and … [READ MORE...]
New Women’s Groups Focus on Generational Mix
In most other countries, young and old freely mix together, with several generations often living under one roof. But in the United States, that mostly happens in the workplace. Even so, millennials and baby boomers tend to stick with their same-aged cohort, rarely associating out of the office.This is a limited way of socializing that cross-generational groups seek to expand. “A lot of people think if they’re mothers they can only be friends with mothers; if they’re single they can only hang out with single people,” said Shasta Nelson, 41, the author of “Friendtimacy,” a book about deepening friendships that was published in 2016. “But research suggests that it doesn’t matter what commonality we have, only that we find a couple of commonalities. If I say, ‘I’m in my 40s and I only want to … [READ MORE...]
Latest News
Why the Housing Market Is Slumping Despite a Booming Economy
In contrast with the stock market, where relatively unemotional traders are buying and selling shares every day and the market stays liquid, home purchase and sales decisions can take months and are deeply emotional for the participants.What seems to be happening is that sellers are trying to cling to the spring 2018 prices that their neighbors received, while there aren’t enough buyers in late 2018 willing or able to pay those prices.In a Fannie Mae survey of home purchase sentiment, the … [Read More...]
Tech Fix: What’s Hot (and What’s Not) This Black Friday
Google, for one, plans to offer its miniature smart speaker, Google Home Mini, for $25, down from $49, and its Nest smart thermostat will drop to $179 from $249. Similarly, Target plans to sell Amazon’s compact smart speaker, Echo Dot, for $24, down from about $50.Black Friday also tends to be the best time to buy smart kitchen appliances, like sous vide wands or the internet-famous Instant Pot pressure cooker.Audio GearWirecutter also anticipates that audio gear like headphones will drop to … [Read More...]
Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law
State governors selected the zones from a list of eligible census tracts, based on a formula used to calculate eligibility for another federal effort to aid struggling areas, the longstanding New Markets Tax Credit. Governors were allowed to designate one-quarter of eligible areas as opportunity zones. Their designations were approved by the Treasury Department.Most of the zones are in areas that have fallen behind economically, despite robust growth across the American economy. Ms. Gelfond and … [Read More...]
Before a Deal, Amazon Had to Know: Could Cuomo and De Blasio Get Along?
By January, Amazon narrowed the list to 20 locations, including New York. Amazon visited in April, July and September, said a person familiar with the meetings. The executives narrowed their search to sites on the West Side of Manhattan and in Long Island City before finally settling on the Queens neighborhood.Mr. Carney said Mr. Bezos did not tour any of the sites. The process was run by Holly Sullivan, who leads the company’s worldwide economic development. John Schoettler, the executive who … [Read More...]
Previous news
- A $2 Billion Question: Did New York and Virginia Overpay for Amazon?
- The Economy Didn’t Save Republicans After All
- Devah Pager, Who Documented Race Bias in Job Market, Dies at 46
- Fed Keeps Rates Unchanged and Signals December Increase Is on Track
- What Democratic Control of the House Could Mean for Your Wallet
Small Business
New Women’s Groups Focus on Generational Mix
In most other countries, young and old freely mix together, with several generations often living under one roof. But in the United States, that mostly happens in the workplace. Even so, millennials and baby boomers tend to stick with their same-aged cohort, rarely associating out of the office.This is a limited way of socializing that cross-generational groups seek to expand. “A lot of people … [Read More...]
working it out: Whoa, Whoa, Whoa. Leggings That Cost $300?
Wone’s offerings also aren’t the most expensive out there. Katie Warner Johnson, a founder and the chief executive of Carbon38, which sells fashion forward active wear, said that women’s willingness to pay about $300 for Michi leggings was “essentially the foundation of our business.” One of the first items Carbon38 offered was a style called Medusa: a swirling patchwork of black spandex, mesh and … [Read More...]
Your Money
What to Know About Getting a Flu Shot This Year, No Matter Who’s Paying
How effective are flu shots?Effectiveness varies each year. Because it takes at least six months to make and distribute the shots that become available in September, scientists have to make their best guess about which strains will circulate, and thus what to include in a vaccine, well in advance. During that time — and even while vaccines are being produced — the circulating viruses can mutate, … [Read More...]
Strategies: Now, the Markets Can Worry About Other Things. Here’s a List.
The UBS Global Wealth Management Chief Investment Office gamed out the various possibilities ahead of the election, concluding that such a sweep “should boost global stock markets, limit increases in long-term bond yields, and support the U.S. dollar.”But the “base case” that UBS and most other analysts forecast ahead of the voting was what actually happened — a split decision producing gridlock. … [Read More...]