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Cars strewn about and totaled, insurers count flood losses

August 9, 2022 by koreajoongangdaily.joins.com

The man nick named as the ″Wiseman of Seocho″ sitting on top of a Genesis during a heavy downpour on Monday. [SCREEN CAPTURE] On the roof of a Genesis and surrounded by flood waters, a man stares at his smartphone. He has been named the "Wiseman of Seocho" and has inspired memes, parodies and gags. Roads in Seoul and surrounding areas resemble those in a zombie apocalypse film, with cars abandoned every which way apparently in a rush. These are scenes from the Great Deluge of 2022, by some accounts the worst flooding in decades. The Seocho District Office said it has been moving vehicles ditched overnight to the side of the road since the break of dawn, many owners not picking up their phones when called. Cars abandoned by their drivers due to heavy rain the previous night are strewn across a road in Seocho-dong, Gangnam, on Tuesday. [YONHAP] According to the General Insurance Association, 2,300 vehicles have been damaged by the downpour as reported to four non-life … [Read more...] about Cars strewn about and totaled, insurers count flood losses

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U.S. Senate passes Biden’s mega health, climate bill; House to vote next

August 8, 2022 by www.thehindu.com

Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden's priorities, a stunning turnaround of what had seemed a lost and doomed effort that suddenly roared back to political life. Democrats held united, 51-50, with Vice President Kamala Harris casting the tie-breaking vote. “It's been a long, tough and winding road, but at last, at last we have arrived,” said Senate Majority Leader Chuck Schumer, D-N.Y., ahead of final votes. “The Senate is making history. I am confident the Inflation Reduction Act will endure as one of the defining legislative measures of the 21st century.” Republican amendments shunned Senators … [Read more...] about U.S. Senate passes Biden’s mega health, climate bill; House to vote next

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Republicans to People With Diabetes: Drop Dead

August 9, 2022 by www.thedailybeast.com

Republicans probably don’t like being thought of as the party of the callous , inhumane, “ kick the poor ” caucus. Which is weird, because they could have voted to ensure every American suffering from diabetes could procure their life-dependent doses of insulin at $35 a pop, and they chose not to. Thanks to 43 Republican senators voting “nay,” Democrats couldn’t overcome the 60-vote filibuster to cap the price of insulin at $35 for everyone. Mind you, this isn’t “free” or “socialized” health care—it’s insulin . Roughly 1 in 10 Americans have diabetes (37.3 million) and about 1 in 3 (96 million) have pre-diabetes, according to the CDC . In a country with both an obesity crisis and a health-care system where even people with “good insurance” can go bankrupt because of a health crisis, you’d think the GOP would be looking for ways to puff up its supposed “economic populist” credentials, rather than voting against a modest price control that would help keep tens of millions of … [Read more...] about Republicans to People With Diabetes: Drop Dead

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Bay Area police shut down major catalytic converter operation

August 9, 2022 by www.sfgate.com

The Fremont Police Department said Monday that it shut down a recycling company buying stolen catalytic converters, putting an end to a “major pathway for criminal activity.” After a year-long investigation, the department established that the Arrow Recovery recycling company at 46025 Warm Springs Blvd. was buying stolen catalytic converters, the department said in a news release . To confirm the operation was illegal, an undercover officer sold cut catalytic converters to Arrow Recovery marked or etched with "stolen" or other markings suggesting they had been illegally obtained and the company repeatedly purchased the stolen devices. Catalytic converters have increasingly become a valuable currency for thieves as the emissions-control devices are filled with precious metals such as platinum, rhodium and palladium that are worth more than gold. While gold was trading for $1,815.00 an ounce on the commodities market as of Tuesday, according to Bloomberg, palladium hit … [Read more...] about Bay Area police shut down major catalytic converter operation

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Stocks end higher Wednesday thanks to Wall Street gains

July 20, 2022 by koreajoongangdaily.joins.com

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,386.85 points on Wednesday, up 15.88 points, or 0.67 percent, from the previous trading day. [YONHAP] Stocks ended higher Wednesday, as investor sentiment was boosted by Wall Street gains and the expected resumption of Russian gas supply to Europe. The won gained ground against the dollar. The Kospi rose 15.88 points, or 0.67 percent, to close at 2,386.85. Trading volume was moderate at 328.96 million shares worth 7.36 trillion won ($5.61 billion), with gainers outstripping decliners 630 to 228. Retail investors purchased shares worth a net 65.5 billion won, while foreigners shed a net 41.0 billion won and institutions a net 58.6 billion won. The market got off to a strong start, jumping around 1.5 percent, after U.S. stocks rallied on better-than-expected corporate earnings. Investors also welcomed the news that Russia's Gazprom would resume gas deliveries through the Nord Stream 1 pipeline … [Read more...] about Stocks end higher Wednesday thanks to Wall Street gains

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Dominic Raab says Liz Truss’ tax plans would be ‘electoral suicide’ as blue-on-blue attacks intensify

August 9, 2022 by news.sky.com

Liz Truss' emergency tax-cutting budget risks becoming an "electoral suicide note" for the Tory party, Deputy Prime Minister Dominic Raab has claimed, as blue-on-blue attacks in the leadership race continued. The justice secretary, who wants Rishi Sunak to replace Boris Johnson as prime minister, claimed Ms Truss' plan would "do little" for the most vulnerable and could prove "politically fatal". It comes as Tory MP Mark Harper tells Sky News a meeting between the two leadership candidates to agree on new cost of living measures would not be possible because of their "fundamental difference of opinion". Writing in The Times, Mr Raab said: "If we go to the country in September with an emergency budget that fails to measure up to the task in hand, voters will not forgive us as they see their living standards eroded and the financial security they cherish disappear before their eyes. Politics Hub: 'Fundamental difference' makes emergency cost of living plan … [Read more...] about Dominic Raab says Liz Truss’ tax plans would be ‘electoral suicide’ as blue-on-blue attacks intensify

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Suh Yung-min, wife of Hanwha’s Kim Seung-youn, is dead at 61

August 9, 2022 by koreajoongangdaily.joins.com

Suh Yung-min [HANWHA GROUP] Suh Yung-min, wife of Hanwha Group Chairman Kim Seung-youn, passed away Tuesday at the age of 61. According to industry insiders on Tuesday, Suh passed away at a hospital in the United States the day before after a battle with cancer. Kim is said to be discussing funeral arrangements while staying in the U.S. with his three sons, including his eldest son Kim Dong-kwan, CEO of Hanwha Solutions. Suh is the daughter of Suh Jeong-hwa, who served as Minister of Home Affairs in 1997. She married Kim in 1982, while she was a third-year student at Seoul National University College of Pharmacy. Suh continued her studies after marriage and graduated at the top of her class. Suh and Kim have three sons. In addition to Kim Dong-kwan, they are Kim Dong-won, vice president of Hanwha Life Insurance, and Kim Dong-seon, managing director of Hanwha Hotels & Resorts. The date of Suh’s funeral has not yet been confirmed. According to a Hanwha Group official, … [Read more...] about Suh Yung-min, wife of Hanwha’s Kim Seung-youn, is dead at 61

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China Announces Major Gasoline Price Cut After Biden Sends Strategic Reserve Oil to Beijing

August 9, 2022 by www.breitbart.com

China’s government-run Xinhua News Agency announced on Tuesday that the Communist Party would lower gasoline and diesel prices nationwide, a move following growing purchases of cheap Russian petroleum products and of American gasoline leftist President Joe Biden released from the country’s Strategic Petroleum Reserve (SPR). “The prices will go down by 130 yuan (about 19 U.S. dollars) per tonne and 125 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC),” Xinhua reported . The communist regime outlet noted that the price drop was the fifth of its kind this year and fourth since June. The government agency announcing the move, Xinhua detailed, acted in response to a drop in international oil prices – partially fueled by a collapse in demand in China, where the Communist Party regularly, and arbitrarily, imposes sweeping Chinese coronavirus lockdowns in major cities without warning. Xinhua did not report what gasoline and diesel … [Read more...] about China Announces Major Gasoline Price Cut After Biden Sends Strategic Reserve Oil to Beijing

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New Life for Moore’s Law

October 1, 2001 by www.theatlantic.com

Interstate 580 connects Oakland, on San Francisco Bay, with Stockton and the farming towns of California's Central Valley. Heading east from Oakland, I-580 crosses the modest Coastal Range at the Altamont Pass. Altamont was famous a generation ago as the site of a Rolling Stones concert that turned into a riot. Now it features an eerie conjunction of two different kinds of "farming." Herds of cattle graze among thousands of pylons and derricks supporting giant propeller-shaped wind turbines—components of the world's largest "wind farm." When wind roars through the pass, the blades all turn, generating nearly enough electricity to power a city the size of San Francisco. A series of low white buildings nearby adds to the sense that the area has been taken straight from a Back to the Future movie. These buildings, in the town of Livermore, house two national laboratories— Lawrence Livermore and the California branch of Sandia —where classified work on nuclear weapons and nuclear … [Read more...] about New Life for Moore’s Law

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PGA Tour Says Players Knew Consequences of Joining LIV Golf

August 9, 2022 by www.breitbart.com

The PGA Tour asked a federal judge in San Francisco to deny the appeal of three suspended players who joined Saudi-backed LIV Golf and now want to compete in the tour’s lucrative postseason, arguing the players knew the consequences two months ago. Talor Gooch, Matt Jones and Hudson Swafford filed a temporary restraining order last week, separate from 10 players who filed an antitrust lawsuit against the PGA Tour . The hearing is scheduled for 1 p.m. PDT Tuesday in San Jose, California, two days before the first of three FedEx Cup playoff events in the chase for the $18 million prize. The FedEx St. Jude Championship in Memphis, Tennessee, has a $15 million purse, and the top 70 players advance to the second postseason event in Wilmington, Delaware. Gooch (No. 20), Jones (No. 65) and Swafford (No. 67) are among nine players who have joined LIV Golf and finished the regular season among the top 125 in the FedEx Cup standings . The other six who joined LIV Golf are not … [Read more...] about PGA Tour Says Players Knew Consequences of Joining LIV Golf

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