US expands sanctions against Russia’s Nord Stream 2 gas pipeline
“Such activities subject to sanctions pursuant to PEESA (the Protecting Europe's Energy Security Act of 2019) or other authorities may include, but are not limited to, providing services or facilities for upgrades or installation of equipment for those vessels, or funding for upgrades or installation of equipment for those vessels,” the State Department said on its website.The US administration has repeatedly criticized and threatened to impose sanctions on the Nord Stream 2 pipeline, aiming to derail the project that will carry Russian natural gas to Germany via the Baltic Sea.At the same time, Washington plans to boost sales of American liquefied natural gas (LNG) to Europe. US Secretary of State Mike Pompeo told Germany’s Bild last month that Washington is creating a coalition to hamper … [READ MORE...]
Dept. of Justice Accuses Google of Illegally Protecting Monopoly
“A significant number of entities — spanning major public corporations, small businesses and entrepreneurs — depend on Google for traffic, and no alternate search engine serves as a substitute,” the report said. The lawmakers also accused Apple, Amazon and Facebook of abusing their market power. They called for more aggressive enforcement of antitrust laws, and for Congress to consider strengthening them.The scrutiny reflects how Google has become a dominant player in communications, commerce and media over the last two decades. That business is lucrative: Last year, Google brought in $34.3 billion in search revenue in the United States, according to the research firm eMarketer. That figure is expected to grow to $42.5 billion by 2022, the firm said.In its complaint, the Justice Department … [READ MORE...]
When Start-Ups Go Into the Garage (or Sometimes the Living Room)
Pumping a supercold liquid through plastic tubes that snake around the hardware — “it looks kind of like bright blue Gatorade,” Mr. Hedges said — the chillers did what they were supposed to do. But they required extra attention, especially since Mr. Hedges and his family had just bought a new dog, and the puppy enjoyed chewing on the tubes.“If the dog had ever bitten through the tube, there would have been pumps shooting fluid everywhere,” he said.For his wife, the bigger problem was the never-ending whir of the chiller pumps. “That’s what drove her over the edge,” Mr. Hedges, 45, said.In July, he moved some of the gear back into the Cerebras offices, where he now works on occasion, largely alone. Only seven other people are allowed in the 35,000-square-foot office, with most others still … [READ MORE...]
Latest News
How Failures of the Obama-Era Stimulus Could Guide a Biden Administration
“We have much better tools for tamping down growth that is too fast than we have the tools to boost an economy that’s too weak,” said Wendy Edelberg, director of the Hamilton Project at the Brookings Institution and a former chief economist at the Congressional Budget Office. “Once our economy gets into a slow-growth, grinding scenario, it is very difficult to change that course.”At the same time, a sharp drop in interest rates even as budget deficits have risen has led many centrist and … [Read More...]
U.S. to Sign Limited Trade Deal With Brazil
The announcement follows a series of other small-scale trade deals announced by the Trump administration, including with Japan, China and the European Union. Unlike a comprehensive free trade deal, these smaller deals do not require the approval of Congress, which can stall an agreement for many months, or sink it entirely. The Trump administration has also sought a limited trade deal with India, but has so far failed to reach an agreement.The deals have provided a series of quick wins for the … [Read More...]
A Korean Store Owner. A Black Employee. A Tense Neighborhood.
But other forces are also at play. Ms. Na said her father had been shaped by his parents’ experience living through the Japanese occupation of Korea and then the Korean War. That left him with a shared feeling of grief and loss, which Ms. Na said is often referred to as Han.It helps explain, she said, why her father typically hires Korean managers in stores where most of the employees are Black.“Han creates a level of trust among Koreans,” Ms. Na said. “That trust goes back decades.”Since the … [Read More...]
Republicans Clash on Stimulus Package as Trump Says ‘Go Big’
In a nearly 90-minute phone conversation with Ms. Pelosi, Mr. Mnuchin reiterated his willingness to accept Democratic language with “minor” edits and said he would provide a proposal on Friday, Drew Hammill, a spokesman for Ms. Pelosi, said in a statement summarizing the conversation. “The speaker looks forward to reviewing.”But a number of unresolved differences remain, such as how much money to provide to state and local governments and lapsed federal unemployment benefits.Investors, who have … [Read More...]
Previous news
- Black Products. Black Shoppers. Black Workers. But Who Owns the Store?
- As Coronavirus Spread, Reports of Trump Administration’s Private Briefings Fueled Stock Sell-Off
- Manhattan Emptied Out During the Pandemic. But Big Tech Is Moving In.
- Europe Can Impose Tariffs on U.S. in Long-Running Aircraft Battle
- Customers Still Like to Shop in Person, Even if They Get Only to the Curb
Small Business
When Start-Ups Go Into the Garage (or Sometimes the Living Room)
Pumping a supercold liquid through plastic tubes that snake around the hardware — “it looks kind of like bright blue Gatorade,” Mr. Hedges said — the chillers did what they were supposed to do. But they required extra attention, especially since Mr. Hedges and his family had just bought a new dog, and the puppy enjoyed chewing on the tubes.“If the dog had ever bitten through the tube, there would … [Read More...]
‘It’s Fall! Here We Are!’ A Beloved Chocolate Shop Returns
“There’s no secret recipe,” Ms. Vlahakis said. “It’s physics and chemistry.”Her parents retired to Florham Park, N.J. At 76, her mother died of breast cancer, and Ms. Vlahakis, then living in Manhattan, moved in with her father, who continued to visit the store just to sit and look around. He died at 83 in 2000.Ms. Vlahakis still lives in Florham Park, and reports to the Jersey City kitchen in her … [Read More...]
Your Money
Marching Orders for the Next Investment Chief of CalPERS: More Private Equity
Marcie Frost, the chief executive of CalPERS, said that Mr. Meng’s departure would not prompt the board to change CalPERS’s investment strategy. She said a study by CalPERS and its outside consultants showed that private equity and distressed debt were the only asset classes powerful enough to boost the fund’s overall average gains up to 7 percent a year, over time.“So we have to have a meaningful … [Read More...]
Make Your First Home Your Last: The Case for Not Moving Up
So much of any growth will depend on where you live, and too many of these kinds of conversations are framed around places like the San Francisco Bay Area, parts of Brooklyn or gentrifying areas where there have been enormous gains in property values.Nationally, however, the numbers aren’t so steep. Data from CoreLogic’s home-price index shows that over the past 20 years, the average increase for … [Read More...]