Disney Scraps Florida Plans Amid DeSantis Confrontation
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Disney Scraps Florida Plans Amid DeSantis Confrontation
Disney Scraps Florida Plans , Amid DeSantis Confrontation.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
Josh DâAmaro, chairman of Disneyâs parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
Josh DâAmaro, chairman of Disneyâs parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
This was not an easy decision to make,
but I believe it is the right one, Josh DâAmaro, chairman of Disneyâs parks,
experiences and products division, via CNBC.
CNBC reports that the new campus was
originally scheduled to open as soon as
2022-2023, but was later pushed back to 2026.
It is clear to me that the power of
this brand comes from our incredible
people, and we are committed to
handling this change with
care and compassion, Josh DâAmaro, chairman of Disneyâs parks,
experiences and products division, via CNBC.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The special district's five-member
board was replaced by members
handpicked by DeSantis.
.
The special district's five-member
board was replaced by members
handpicked by DeSantis.
.
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution.
.
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution.
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We're getting a first look at 'Alien: Romulus' the next project in the 'Alien' film franchise. Disney finally pulled back the curtain on the "interquel," releasing a terrifying 62-second teaser trailer that re-establishes the look and feel of the franchise's bona fide classics. Filmmaker Fede Ălvarez's new film takes place between Ridley Scott's 'Alien' (1979) and James Cameron's 'Aliens' (1986).
Credit: The Hollywood Reporter Duration: 01:36Published
Disney and Pixar dropped the next teaser trailer for 'Inside Out 2' with three new animated characters voiced by Paul Walter Hauser, Ayo Edebiri and AdĂšle Exarchopoulos. Joining Amy Poehler as Joy, Phyllis Smith as Sadness and Lewis Black as Anger are Maya Hawke as Anxiety; Edebiri's new and perpetually jealous animated character Envy; Exarchopoulos' bored and eye-rolling Ennui emotion; and Hauser voicing his burly, yet red-faced, character of Embarrassment.
Credit: The Hollywood Reporter Duration: 01:19Published
Vivek Ramaswamy won't be Donald Trump's running mate, per Bloomberg. Trump aims to include him in his administration despite this decision. Ramaswamy withdrew from the presidential race after Iowa. He endorsed Trump and suspended his campaign. Trump has several potential vice presidential candidates, including Tim Scott and Ron DeSantis.
#VivekRamaswamy #DonaldTrump #Trump2024 #RamaswamyTrump #RonDesantis #Trump #Truthsocial #VicePresident #Worldnews #USelections #IndiaNews #Oneindia #Oneindianews
~HT.178~GR.123~PR.152~ED.103~
Crisis in Haiti , Could Drive Another Wave of , Illegal Immigration in the US.
'Newsweek' reports that the United States
could be facing another wave of illegal
immigration driven by refugees fleeing Haiti.
On March 11, President Ariel Henry said
he would resign amid widespread gang
violence and a breakdown of law and order.
An estimated 80% of Port-au-Prince,
the Haitian capital, are under
the control of armed gangs.
An estimated 80% of Port-au-Prince,
the Haitian capital, are under
the control of armed gangs.
We are alert to that possibility.
The driving conditions in Haiti
could very well press
more people [to migrate], Rebecca Zimmerman, Department of Defense official,
via 'Newsweek'.
Thomas Gift, the head of the Centre on U.S. Politics
at University College London, warned that
a deepening immigration crisis would pose
a serious challenge for the Biden administration.
Fair or unfair, anything that
highlights the immigration
crisis is a net negative
for Biden at the moment, Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
To the extent that the tragedy
in Haiti puts a new refugee story
in the headlines, it will only make
the immigration issue more
salient for American voters. , Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
At the same time, Biden's
hands will no doubt be tied
by progressive groups who
will insist that the White House
not repatriate refugees back to
Haiti given the huge political
instability in the country, Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
According to a Monmouth University survey,
84% of voters in the U.S. consider illegal
immigration a "serious" or "very serious" issue.
In 2021, Florida Governor Ron DeSantis declared
a state of emergency after hundreds of
migrants from Haiti and Cuba arrived by boat.
An estimated 146,000 Haitian migrants
were encountered at the U.S. border
between October 2020 and May 2023
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Trump Confirms 6 Names , on Vice Presidential Shortlist.
Donald Trump spoke with Laura Ingraham
at a Fox News event in South Carolina
on Feb. 20, HuffPost reports. .
Ingraham asked Trump if the following names were on his shortlist for potential vice presidential running mates:.
Ron DeSantis, Vivek Ramaswamy, Tim Scott.
Ron DeSantis, Vivek Ramaswamy, Tim Scott.
Ron DeSantis, Vivek Ramaswamy, Tim Scott.
Byron Donalds, Kristi Noem and Tulsi Gabbard.
Byron Donalds, Kristi Noem and Tulsi Gabbard.
Byron Donalds, Kristi Noem and Tulsi Gabbard.
Trump confirmed, "They are.".
Honestly, all of those people are good. Theyâre all good. Theyâre all solid, Donald Trump, via statement.
Trump went on to single out Rep. Scott.
A lot of people are talking about
that gentleman right over there, Donald Trump, via statement.
"He has been much better for me than he was for himself," Trump said, referencing the senator's previous bid for the White House.
Scott dropped out of the
presidential race in November.
Other running mates have also been named as possible choices for Trump, including Elise Stefanik, .
whom the former president previously described as "a killer," according to NBC News
Credit: Wibbitz Top Stories Duration: 01:30Published
A Costco Membership Card , Is Now Needed to Eat in Its Food Court.
Even though Costco limited food court access to members only in 2020, enforcement of that policy has been lax until now, CBS News reports. .
The wholesale store is cracking down to
make sure that outsiders can no longer access Costco's $1.50 hot dog combo, among other items.
Effective April 8, 2024, an active Costco
membership card will be required to
purchase items from our food court. , Via a sign seen at a Costco store in Orlando, Florida .
You can join today. Please see our
membership counter for details, Via a sign seen at a Costco store in Orlando, Florida .
Ultimately, Costco doesn't think it's fair for non-members to access perks intended for members.
We don't feel it's right that non-members receive the same benefits and pricing as our members, Costco, via statement.
Costco made such statements last year when it started requiring photo IDs to be presented with membership cards at self-checkouts.
In January, some stores began requiring
membership cards to be scanned at store entrances to limit non-member entry and membership sharing.
A basic Costco membership is $60 per year.
An executive membership, which offers
perks such as cash back, costs $120 per year.
In 2023, membership fees accounted for
73% of Costco's total profit, CBS News reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Joe Exotic is back in mullet mode ... so we see in a new mug shot. Joe, who's been serving 21 years at a federal prison in Oklahoma for putting a hit out on.. TMZ.com
Ron DeSantis Legalizes , Social Media Ban for Children.
The Florida governor signed the bill into law on March 25, 'The Guardian' reports.
It takes effect on January 1, 2025.
At that time, children under the age of 14 will not be allowed to have social media accounts in Florida.
14- and 15-year-olds will need parental permission
to have a presence on social media.
State House Speaker Paul Renner issued
a statement in support of the new law.
A child in their brain development doesnât have
the ability to know that theyâre being sucked
into these addictive technologies and to see
the harm and step away from it, and because
of that we have to step in for them, Florida House Speaker Paul Renner, via statement.
Renner also said that social media companies will likely "sue the second after this is signed.".
But you know what? Weâre going to beat
them. Weâre going to beat them and
weâre never, ever going to stop, Florida House Speaker Paul Renner, via statement.
Opponents argue that the new legislation is unconstitutional and a government overreach. .
This bill goes too far in
taking away parentsâ rights, Anna Eskamani, Democratic state House representative,
via news release.
Instead of banning social media access,
it would be better to ensure improved
parental oversight tools, improved
access to data to stop bad actors, , Anna Eskamani, Democratic state House representative,
via news release.
... alongside major investments
in Floridaâs mental health
systems and programs, Anna Eskamani, Democratic state House representative,
via news release
Credit: Wibbitz Top Stories Duration: 01:30Published
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Bob Iger is pushing back on the idea that there's superhero fatigue. The Disney CEO was interviewed at a Morgan Stanley conference in San Francisco on Tuesday, where he was pressed about what he is doing to turn the film business around. The executive noted that they're doing a lot and even quietly cancelled certain projects. "...You got to make those tough calls. We've actually made those tough calls. We've not been that public about it, but we've killed a few projects already that we just didn't feel were strong enough."
Credit: The Hollywood Reporter Duration: 01:32Published
Disney+ Loses 1.3 Million Subscribers , Following Price Hike.
Disney+ lost a significant amount
of subscribers in the last quarter
of 2023, 'Variety' reports. .
A price hike that was implemented
last fall was largely to blame. .
Disney+ Premium went from
$10.99 per month to $13.99 per month.
Hulu without ads went from
$14.99 per month to $17.99 per month. .
ESPN+ is now $10.99 per month
instead of $9.99 per month. .
Despite dropping subscribers, the company was able to narrow losses by $300 million during that time, 'Variety' reports. .
Disney says that its streaming business is on track to be profitable and "to meet or exceed our $7.5 billion annualized savings target by the end of fiscal 2024.".
Just one year ago, we outlined an ambitious
plan to return The Walt Disney Company
to a period of sustained growth and
shareholder value creation. , Disney CEO Bob Iger, via letter to shareholders.
Our strong performance this past quarter
demonstrates we have turned the corner
and entered a new era for our company, , Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders
Credit: Wibbitz Top Stories Duration: 01:30Published
Disney+, Hulu and ESPN+ , to Crack Down on Password Sharing.
Disney is following the example of Netflix, prohibiting password sharing across its streaming services, CNN reports.
Disney is following the example of Netflix, prohibiting password sharing across its streaming services, CNN reports.
Hulu sent an email to subscribers on Jan. 31 saying it would be âadding limitations on sharing your account outside of your householdâ starting March 14.
User agreements were updated on Jan. 25.
You agree not to impersonate
or misrepresent your affiliation
with any person or entity, , Via user agreements for Hulu, Disney+ and ESPN+.
... including using another personâs username,
password or other account information,
or another personâs name or likeness, or
provide false details for a parent or guardian, Via user agreements for Hulu, Disney+ and ESPN+.
Those in violation may have their
accounts suspended or terminated,
the user agreements state.
Disney CEO Bob Iger hinted
at the changes in August. .
We certainly have established
this as a real priority, Bob Iger, via Disney's Q3 2023 earnings call.
We actually think that
thereâs an opportunity here
to help us grow our business, Bob Iger, via Disney's Q3 2023 earnings call.
Iger will address first-quarter earnings on Feb. 7,
at which point he may shed more light on the company's password-sharing crackdown. .
Iger will address first-quarter earnings on Feb. 7,
at which point he may shed more light on the company's password-sharing crackdown.
Credit: Wibbitz Top Stories Duration: 01:30Published
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing CEO Dave Calhoun , to Step Down.
Calhoun will resign at the
end of the year, CNBC reports.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
As you all know, the Alaska Airlines
Flight 1282 accident was a
watershed moment for Boeing, Boeing CEO Dave Calhoun, via note to employees.
We must continue to respond to
this accident with humility and
complete transparency. , Boeing CEO Dave Calhoun, via note to employees.
We also must inculcate a total
commitment to safety and quality
at every level of our company, Boeing CEO Dave Calhoun, via note to employees.
Calhoun went on to say that
"the eyes of the world are on us.".
Calhoun went on to say that
"the eyes of the world are on us.".
I know we will come through this moment a
better company, building on all the learnings
we accumulated as we worked together to
rebuild Boeing over the last number of years, Boeing CEO Dave Calhoun, via note to employees.
Larry Kellner, chairman of the board,
will also step down in May.
Boeing director Steve Mollenkopf
will become the new chairman.
Boeing director Steve Mollenkopf
will become the new chairman.
Stan Deal, president and CEO of Boeing Commercial
Airplanes, will step down immediately.
Stephanie Pope, Boeing's Chief
Operating Officer, will take his place
Credit: Wibbitz Top Stories Duration: 01:30Published
Trump Canât Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendantsâ ongoing diligent
efforts have proven that a bond
in the judgmentâs full amount
is âa practical impossibility.â, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
On March 13, the House of Representatives passed
the bill, which would force ByteDance to divest
the platform or face a ban on the app in the U.S.
I think the legislation should
pass and I think it should be sold.
Itâs a great business and Iâm going
to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
This should be owned by
U.S. businesses. Thereâs no
way that the Chinese would
ever let a U.S. company own
something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
However, TikTok CEO Shou Zi Chew has said
that selling TikTok is not a viable option. .
According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. .
Mnuchin has yet to specify the potential valuation
of a deal to acquire the social media platform
or which investors may be interested in the deal.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden and Trump Clash , Over Cuts to Medicare and Social Security.
Biden and Trump Clash , Over Cuts to Medicare and Social Security.
In a telephone interview
with CNBC host Joe Kernen, .
former President Donald Trump was asked how he'd "handle entitlements" like Medicare and Social Security when it comes to addressing concerns about long-term debt.
So first of all, there is a lot you can do in
terms of entitlements, in terms of cutting, Donald Trump, via CNBC.
And in terms of, also, the theft and the
bad management of entitlements â
tremendous bad management of entitlements
â thereâs tremendous amounts of things
and numbers of things you can do, Donald Trump, via CNBC.
Biden, who pledged during his State of the Union address to stop those who âwant to
put Social Security on the chopping block,â.
took to social media to say,
âNot on my watch.â.
The president addressed the issue again
in New Hampshire on March 11.
If anyone tries to cut Social Security
or Medicare, or raise the retirement
age again, I will stop them, President Joe Biden, via statement.
This morning, Donald Trump
said cuts to Social Security and
Medicare are on the table again, President Joe Biden, via statement.
Trump campaign spokeswoman
Karoline Leavitt issued a statement.
President Trump delivered on his
promise to protect Social Security and
Medicare in his first term, and President
Trump will continue to strongly protect Social
Security and Medicare in his second term. , Karoline Leavitt, Trump campaign spokeswoman, via statement.
The only candidate who poses a threat
to Social Security and Medicare is Joe Biden â
whose mass invasion of countless millions
of illegal aliens will, if they are allowed to
stay, cause Social Security and Medicare
to buckle and collapse, Karoline Leavitt, Trump campaign spokeswoman, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Fast Food Chains Warn Consumers , That Worker Pay Increases
Will Impact Prices.
'Newsweek' reports that franchises have
warned an increase of the minimum wage
for fast food workers in California could also
force menu prices to climb.
As of April 1, fast food restaurants in California
will have to pay employees at least $20 an hour, an
increase of four dollars from the current $16 an hour. .
Business owners have warned that the new law,
signed in by Democratic governor Gavin Newsom,
will have an impact on margins and consumer costs. .
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
According to McDonald's numbers, the price of
the signature Big Mac burger is currently $5.89
in California, the 10th highest in the United States.
The latest data compiled by 'The Economist' shows that
the average price of a Big Mac nationwide is currently
$5.69, which is up from $5.36 at the same time in 2023. .
Last year, McDonald's , reported net profits of , almost $8.5 billion.
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers. .
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers.
Credit: Wibbitz Top Stories Duration: 01:31Published
A California man is competing with Florida Man for weirdest headline of the week -- 'cause he got arrested for walking around and apparently chomping on a human.. TMZ.com
State Farm Wonât Renew Coverage , for 72,000 Homeowners in California.
The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.
The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.
State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports. .
State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports. .
This decision was not made lightly
and only after careful analysis of
State Farm General's financial health... , State Farm, via statement.
... which continues to be impacted
by inflation, catastrophe exposure,
reinsurance costs, and the limitations
of working within decades-old
insurance regulations, State Farm, via statement.
State Farm General takes seriously our
responsibility to maintain adequate
claims-paying capacity for our
customers and to comply with
applicable financial solvency laws, State Farm, via statement.
It is necessary to take
these actions now, State Farm, via statement.
However, both the insurance company and
the California Department of Insurance
will have to answer to regulators.
One of our roles as the insurance
regulator is to hold insurance
companies accountable for
their words and deeds, Michael Soller, Deputy Commissioner of the
Communications and Press Relations Branch, via CBS News.
We need to be confident in
State Farm's strategy moving
forward to live up to its obligations
to its California customers, Michael Soller, Deputy Commissioner of the
Communications and Press Relations Branch, via CBS News.
State Farm did not disclose the locations of the discontinued policies or the criteria it used for determining which policies wouldn't be renewed.
It is not yet clear if an
investigation will be launched
Credit: Wibbitz Top Stories Duration: 01:30Published
California Voters Pass Proposition 1 , to Address Homelessness Crisis.
In a state that accounts for close to a third
of all homeless people in the United States.
California counties will now be required to
spend money "on housing and drug treatment programs" to fight homelessness, NPR reports. .
Gov. Gavin Newsom raised over
$13 million to promote the measure.
Proposition 1 represents California's first mental health system update in 20 years, NPR reports. .
This is the biggest change in
decades in how California tackles
homelessness, and a victory for
doing things radically different, Gov. Gavin Newsom, via statement.
Now, counties and local officials must
match the ambition of California voters. , Gov. Gavin Newsom, via statement.
This historic reform will only
succeed if we all kick into action
immediately â state government
and local leaders, together, Gov. Gavin Newsom, via statement.
Revenue from a tax on millionaires, enacted in 2004, brings in about $2 billion to $3 billion a year toward California's mental health budget, NPR reports. .
Counties will now be required to spend two-thirds
of that money to tackle homelessness. .
The state will also be allowed to borrow
$6.3 billion to create an additional 6,800 beds for mental health and addiction treatment.
That money can also be used to
construct 4,350 housing units. Half of
those housing units will be for veterans
Credit: Wibbitz Top Stories Duration: 01:31Published
Fusion Industry Leaders , Hold DC Conference , Looking for Investors.
Fox News reports that leaders in the West's
emerging nuclear fusion industry are
convening this week to attract additional
funding to build commercially-viable reactors. .
The high-level conference takes
place as the industry races to
develop the technology ahead of China. .
Earlier this month, the Biden administration
signed a funding bill that contained
$790 million for fusion science programs in 2024. .
Earlier this month, the Biden administration
signed a funding bill that contained
$790 million for fusion science programs in 2024. .
Unlike current nuclear fission plants,
commercial fusion plants would not produce
any long-lasting radioactive waste.
According to Andrew Holland, CEO of Fusion Industry
Association (FIA), the industry is concerned that fusion
will follow the same pattern as the solar industry.
Much of the technology used in the solar industry was invented in the United States, but manufacturing was primarily handled in China.
It is very clear that China
has ambitions to do the same
sort of thing, both in the supply
chain and the developers.
It's time for the U.S. to
respond to that challenge, Andrew Holland, CEO of Fusion Industry
Association (FIA), via Fox News.
According to an FIA report from last July, private
companies around the world have invested
over $6 billion in fusion technology through 2022. .
Fox News reports that the third annual FIA
conference is expected to attract an estimated
350 attendees from around the world.
Last year, the industry gained momentum
after scientists at California's Lawrence Livermore
Laboratory reported a breakthrough, bringing the
technology one step closer to commercial viability.
Credit: Wibbitz Top Stories Duration: 01:31Published
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