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PepsiCo to Acquire Siete Foods for $1.2 billion

PepsiCo says the acquisition will complement its portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings.




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Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M

Most developers worry about finding buyers for their projects. Todd Glaser found Herbert Wertheim admiring his car in front of SurfSide Diner in Palm Beach.  The conversation started over Glaser’s 1957 Mercedes-Benz 300SL and turned into an off-market deal with the billionaire inventor and Trump friend. Records show Wertheim bought the waterfront house at 305 […]

The post Todd Glaser sells Palm Beach house to billionaire Herbert Wertheim for $38M appeared first on The Real Deal.







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Better Ways for Jeff Bezos to Spend $131 Billion

In op-ed, Prof. Harold Pollack discusses ways Jeff Bezos could spend his fortune




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Hennepin County will pay $3.4 million to family of man who died in jail

Lucas Bellamy had been in jail for three days in July 2022 when he died of an infection after suffering a perforated intestine. A lawsuit filed in January said jail staff were deliberately indifferent to his son's obviously-worsening symptoms.




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Millions of low-cost homes are deteriorating, making the U.S. housing shortage worse

Older homes are the only ones many Americans can afford, but they are costly to fix and maintain, especially for seniors. A patchwork of programs to help are underfunded and have years-long waitlists.




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More than $10 billion has been spent on ads in the 2024 election

Spending on campaign ads is up $1 billion from four years ago, according to data from AdImpact, analyzed by NPR. The state that's been the target of the most money is Pennsylvania.




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Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock

Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisitions.




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Breakaway Illinois church agrees to pay over $1.4 million to leave UMC

An Illinois-based congregation has agreed to pay more than $1.4 million in order to disaffiliate from The United Methodist Church following litigation over who owned its property.




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NYC church sues Disciples of Christ over $7.3 million loan dispute

A congregation based in New York City has filed a lawsuit against an entity of the Indiana-based Disciples of Christ, accusing it of refusing to provide $7.3 million in loan funding advances.




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Accession of new territories: Billions of dollars in expenses and trillions in revenues

The accession of new territories to Russia is justifiable from the economic point of view and will not have a negative impact on the Russian budget, the Kremlin said. As Russia readies to grow even larger, experts try to calculate how much it will cost the Russian budget to rebuild cities and restore peaceful life in the new territories. Some others try to find out how much profit the new territories will bring. The Washington Post announced the approximate cost of mineral deposits in the new regions — about 12.4 trillion dollars.




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Wife of former San Antonio trucking magnate sentenced in multi-million-dollar fraud scheme

Frances Hall, former co-owner of Bill Hall Jr. Trucking, has been sentenced for her role in a scheme to avoid $9 million in workers’ compensation premiums.




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Bones of unknown million-year-old animals found in Yakutia

Bones of unknown animals millions of years of age were found in Yakutia.  In the Churapcha region of Yakutia, archeologists found a Paleolithic human site that is believed to be at least 30,000 years old. Bones of unknown animals were found during excavation works.  The radiocarbon research of the finds revealed that the found remains were from the Neogene era - a period that began 23 million years ago and ended 2.58 million years ago.




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Lions attack and kill woman in Crimea safari park

A woman entered an enclosure with three lions to clean it, but did not close the door bar. The predators attacked and killed her, the Investigative Committee said. In 2021, a tiger bit a one-year-old child in the same park. An employee of Taigan Lion Park in Crimea died after predators attacked and mauled her. A criminal case was opened into the incident. On the afternoon of October 16, the woman who had worked in the park for almost 17 years entered the enclosure with three lions to clean it. However, she did not close the bolt of the door between the two sections of the cage, and the predators attacked her. The woman died. The case was opened into violation of labor protection requirements that resulted in the death of a person through negligence.




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Skeletons of Yukos. Why GML paid Alexey Golubovich $44 million. Part 2

Continued. Read Part I of the article here. Alexey Golubovich, Yukos's former director for strategic planning and corporate finance was one of the main witnesses in the case against Yukos. How can one determine the basis of his testimony? Was it a wish to help the Russian justice system or the subtle game of a "double agent"? In order to understand this, one may need to recall a few facts from his business biography. In the first part of our investigation, we talked about Alexey Golubovich's business projects and lawsuits in 2010–2022, in which one could see both the shadows of his former Yukos colleagues (for example, Mikhail Khodorkovsky, Yuri Beilin) ​and the non-systemic opposition.




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Foreign companies suffer a total of $70 billion in losses after they leave Russia

The losses that American, European and Japanese companies have suffered after they left the Russian market are evaluated at tens of billions of dollars, RIA Novosti reports. Since the beginning of the special operation in Ukraine to the present, foreign companies have lost a total of $70 billion. Companies of the fuel and energy complex have suffered the biggest losses. Many companies in this sector have deconsolidated and devalued Russian assets by ceasing to report the results of their activities in the country, they have not completely stopped working in Russia. For example, the UK-based BP, having made a number of statements about its decision to withdraw from Russian projects, was forced to retain shares in local assets. According to Putin's decree from August 5, shareholders from unfriendly countries will no longer be able to make transactions with shares in companies of strategic significane, fuel and energy companies and banks without the consent of the state. In its report for the first quarter of 2022, BP depreciated Russian assets in the amount of $25.5 billion, but it did not take practical steps to exit the projects.




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Singapore’s Cyber Security Agency award Veracity Trust Network S$1 million Grant to develop and deliver AI-powered bot detection

Veracity Trust Network (Veracity) has been awarded the Cybersecurity Co-Innovation and Development Fund (CCDF) CyberCall grant of S$1 million by the Cyber Security Agency Singapore (CSA).




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Russian billionaire: Sell dollars quickly, buy euro, yuan and gold instead

Russians should start selling dollars and buy euros, yuan and gold instead, businessman Oleg Deripaska believes. In his recent post on Telegram, Deripaska reacted to the statement from the author of the best-selling book "Rich Dad Poor Dad" Robert Kiyosaki about the future economic crisis in the United States. Kiyosaki, who predicted the collapse of Lehman Brothers in 2008, encouraged investors to buy more gold, silver and bitcoin. In his post, Deripaska published a link to Kiyosaki's interview with Fox Business.




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Market-leading discount supermarket selects inotec to supply 40 million RFID identification cards

The premium quality barcode and RFID solutions provider inotec is currently producing 40 million RFID identification cards for a market-leading international discount supermarket chain. The exceptionally large RFID card order was placed after the discount supermarket’s strategic decision to install new crate track and trace systems. 



  • RFID
  • Print & Label
  • Retail Supply Chain

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Consumer A2A payments - 186 billion transactions globally by 2029

A new study from Juniper Research, the expert in fintech and payment markets, has found the volume of global transactions via A2A (Account-to-Account) payments will rise from 60 billion in 2024 to 186 billion by 2029; an increase of 209%.




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UA Little Rock Breaks $200 Million in Significant Centennial Campaign Milestone

The University of Arkansas at Little Rock has reached an exciting milestone in its Centennial Campaign, raising $203 million toward its overall campaign goal of $250 million by 2027. This represents the largest amount ever raised in a UA Little Rock campaign, exceeding the previous campaign by $100 million.




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Kia Tigers Beat Samsung Lions, Win 12th Korean Series Title

[Sports] :
Anchor: After a battle in Game 5 of the 2024 Korean Series, the Kia Tigers came out on top, defeating the Samsung Lions 7-5 at the Gwangju-Kia Champions Field on Monday to win their 12th Korean Series championship. Coming back from behind, the Tigers clinched silverware in front of home fans for the first ...

[more...]




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Are There Any Trillionaires? Not Yet, But We'll See One Soon

A trillion dollars is a phenomenal sum of money, equivalent to 1,000 billion dollars. It's a figure so large it's almost unthinkable, yet we find ourselves wondering: Are there any trillionaires? According to Oxfam International, the world’s first trillionaire is predicted to emerge within the next decade.




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Meet the World's Youngest Billionaire: A 19-year-old in Brazil

While the average billionaire is 66 years old, there’s a dramatic shift taking place in the world of wealth. A new generation of billionaires is making headlines with their impressive fortunes. Around the globe, 14 individuals have reached a net worth of over $1 billion despite being 30 years old or younger — and the youngest billionaire is still in her teens.




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Han Kang’s Books Sell 1 Million Copies in Six Days after Nobel Win

[Culture] :
In the six days after the announcement that Han Kang won the Nobel Prize in Literature, sales of her books exceeded one million copies.  According to major bookstore chains Yes24 and Kyobo Book Center on Wednesday, the figure had surpassed one million as of 9 a.m.  Since Han’s Nobel Prize win, one ...

[more...]




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Scallions vs. Green Onions: What's the Difference?

You've probably seen people and recipes use the terms "scallions" and "green onions" interchangeably — and for once, the conflation is correct. When it comes to distinguishing scallions vs. green onions, these terms describe the same vegetable.




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Twice's Music Video Tops 500 Million Views

The music video for girl group TWICE's 2015 song "Like Ooh-Ahh" has surpassed 500 million views on YouTube. The group's management JYP Entertainment said the video broke the 500 million mark...

[more...]




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A web-based dashboard for RELION metadata visualization

Cryo-electron microscopy (cryo-EM) has witnessed radical progress in the past decade, driven by developments in hardware and software. While current software packages include processing pipelines that simplify the image-processing workflow, they do not prioritize the in-depth analysis of crucial metadata, limiting troubleshooting for challenging data sets. The widely used RELION software package lacks a graphical native representation of the underlying metadata. Here, two web-based tools are introduced: relion_live.py, which offers real-time feedback on data collection, aiding swift decision-making during data acquisition, and relion_analyse.py, a graphical interface to represent RELION projects by plotting essential metadata including interactive data filtration and analysis. A useful script for estimating ice thickness and data quality during movie pre-processing is also presented. These tools empower researchers to analyse data efficiently and allow informed decisions during data collection and processing.




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Satispay raises EUR 60 million to further drive its service expansion

Italy-based unicorn Satispay has announced...




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Zilch securitisation facility reaches GBP 150 million

Zilch, a fintech company operating an ad-subsidised payments...




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MODIFI obtains USD 15 million from SMBC Asia Rising Fund

Germany-based fintech MODIFI has announced...




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Lean Technologies raises USD 67.5 million to scale its Pay-by-Bank and Open Banking tools

Saudi Arabia-based fintech infrastructure platform Lean Technologies has raised USD 67.5 million in a Series B funding round to scale its Pay-by-Bank and Open Banking offerings.




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Metro Bank fined nearly GBP 17 million by FCA

Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.




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Redheffer, Mertens and One-Million Dollars

I didn't know anything about these topics until a couple of weeks ago. Now I can't stop thinking about them.... read more >>




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12 Holdout States Haven't Expanded Medicaid, Leaving 2 Million People In Limbo

Advocates for expanding Medicaid in Kansas staged a protest outside the entrance to the statehouse parking garage in Topeka in May 2019. Today, twelve states have still not expanded Medicaid. The biggest are Texas, Florida, and Georgia, but there are a few outside the South, including Wyoming and Kansas.; Credit: John Hanna/AP

Selena Simmons-Duffin | NPR

There are more than 2 million people across the United States who have no option when it comes to health insurance. They're in what's known as the "coverage gap" — they don't qualify for Medicaid in their state, and make too little money to be eligible for subsidized health plans on the Affordable Care Act insurance exchanges.

Briana Wright is one of those people. She's 27, lives near Jackson, Miss., works at McDonalds, and doesn't have health insurance. So to figure out her options when she recently learned she needed to have surgery to remove her gallbladder, she called Health Help Mississippi, a nonprofit that helps people enroll in health insurances.

Because she lives in Mississippi, "I wasn't going to be eligible for Medicaid — because I don't have children [and] I'm not pregnant," she tells NPR. When she had her income checked for Healthcare.gov, it was just shy of the federal poverty line — the minimum to qualify for subsidies. "It was $74 [short]. I was like, oh wow," she says.

Wright's inability to get a subsidized policy on Healthcare.gov is related to how the Affordable Care Act was originally designed. People needing insurance who were above the poverty line were supposed to be funneled via the federal and state insurance exchanges to private policies — with federal subsidies to help make those policies affordable. People who were under the poverty line were to be funneled to a newly-expanded version of Medicaid — the public health insurance program that is jointly funded by states and the federal government. But the Supreme Court made Medicaid expansion essentially optional in 2012, and many Republican-led states declined to expand. Today, there are 12 holdout states that have not expanded Medicaid, and Mississippi is one of them.

So, Wright is still uninsured. Her gallbladder is causing her pain, but she can't afford the surgery without shuffling household bills, and risking leaving something else unpaid. "I'm stressed out about it. I don't know what I'm going to do," she says. "I'm going to just have to pay it out of pocket or get on some payment plan until it all gets paid for."

Hoping to finally find a fix for Wright and the millions like her who are in Medicaid limbo, several teams of Democratic lawmakers have recently been hashing out several options — hoping to build on the momentum of the latest Supreme Court confirmation that the ACA is here to stay.

OPTION 1: Sweet-talk the 12 holdout states

The COVID-19 relief bill passed in March included financial enticements for these 12 states to expand Medicaid. Essentially, the federal government will cover 90% of the costs of the newly eligible population, and an additional 5% of the costs of those already enrolled.

It's a good financial deal. An analysis by the nonprofit Kaiser Family Foundation estimates that the net benefit for these states would be $9.6 billion. But, so far — publicly, at least — no states have indicated they intend to take the federal government up on its offer.

"If that is not getting states to move, then that suggests that the deep root of their hesitation is not about financial constraint," says Jamila Michener, a professor of government at Cornell University and author of the book Fragmented Democracy: Medicaid Federalism And Unequal Politics.

Instead, Michener says, the reluctance among some Republican-led legislatures and governors to expand Medicaid may be a combination of partisan resistance to President Obama's signature health law, and not believing "this kind of government intervention for these groups of people is appropriate."

What's Next: When asked about progress on this front in an April press briefing, Biden's press secretary Jen Psaki said "the President is certainly supportive of — and an advocate for — states expanding Medicaid," but did not answer a follow up about whether the White House was directly reaching out to governors regarding this option.

OPTION 2: Create a federal public option to fill the gap

Some have advocated for circumventing these holdout states and creating a new, standalone federal Medicaid program that people who fall into this coverage gap could join. It would be kind of like a tailored public option just for this group.

This idea was included in Biden's 2022 budget, which says, in part: "In States that have not expanded Medicaid, the President has proposed extending coverage to millions of people by providing premium-free, Medicaid-like coverage through a Federal public option, paired with financial incentives to ensure States maintain their existing expansions."

But it wouldn't be simple. "That can be quite complex — to implement a federal program that's targeted to just these 2.2 million people across a handful of states," says Robin Rudowitz, co-director of the Medicaid program at the Kaiser Family Foundation, who wrote a recent analysis of the policy options.

It also may be a heavy lift, politically, says Michener. "Anything that expanded the footprint of the federal government and its role in subsidizing health care would be especially challenging," she says.

What's next: This idea was raised as a possible solution in a letter last month from Georgia's Democratic senators to Senate leaders, and Sen. Raphael Warnock said this week he plans to introduce legislation soon.

OPTION 3: Get around stubborn states by letting cities expand Medicaid

Instead of centralizing the approach, this next idea goes even more local. The COVER Now Act, introduced by Rep. Lloyd Doggett, D-Texas, would empower local jurisdictions to expand Medicaid. So, if you live in Austin, Texas, maybe you could get Medicaid, even if someone in Lubbock still couldn't.

The political and logistical challenges would be tough, policy analysts say. Logistically, such a plan would require counties and cities to create new infrastructure to run a Medicaid program, Rudowitz notes, and the federal government would have to oversee how well these new local programs complied with all of Medicaid's rules.

"It does not seem feasible politically," Michener says. "The legislators who would have to vote to make this possible would be ceding quite a bit of power to localities." It also might amplify geographic equity concerns, she says. People's access to health insurance would not just "be arbitrarily based on what state you live in — which is the current state of affairs — It's also going to be arbitrary based on what county you live in, based on what city you live in."

What's next: Doggett introduced the bill earlier this month. There's no guarantee it would get a vote on the House floor and — even if it did — it wouldn't survive a likely filibuster in the evenly divided Senate.

OPTION 4: Change the ACA to open up the exchanges

A fourth idea, Rudowitz says, is to change the law to remove the minimum cutoff for the private health insurance exchanges, since "right now, individuals who are below poverty are not eligible for subsidies in the marketplace." With this option, states wouldn't be paying any of the costs, since the federal government pays premium subsidies, Rudowitz says, but "there are issues around beneficiary protections, benefits, out-of-pocket costs."

What's next: This idea hasn't yet been included in any current congressional bills.

Will any of these ideas come to fruition?

Even with a variety of ideas on the table, "there's no slam dunk option, it's a tough policy issue," Rudowitz says. All of these would be complicated to pull off.

It's possible Democrats will include one of these ideas in a reconciliation bill that could pass without the threat of a Republican filibuster. But that bill has yet to be written, and what will be included is anyone's guess.

Even so, Michener says she's glad the discussion of the Medicaid coverage gap is happening, because it's sensitizing the public, as well as people in power, to the problem and potentially changing the political dynamic down the line. "Even in policy areas where you don't have any kind of guaranteed victory, it is often worth fighting the fight," she says. "Politics is a long game."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

This content is from Southern California Public Radio. View the original story at SCPR.org.




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Amazon Makes A Deal To Buy MGM For Nearly $8.5 Billion

Amazon has made a deal to purchase MGM for $8.5 billion.; Credit: /SOPA Images/LightRocket via Getty Images

Mandalit del Barco and Anastasia Tsioulcas | NPR

Updated May 26, 2021 at 10:12 AM ET

Editor's note: Amazon is among NPR's financial supporters.

Amazon has made a deal to buy Hollywood studio MGM for almost $8.5 billion. It's the second-largest acquisition for the company after purchasing Whole Foods.

The tech company already runs a film studio, Prime Video streaming service, and video game streaming site Twitch. But the MGM deal is its biggest move into entertainment. Amazon will get the rights to the Golden Age studio's film and television library.

The announcement was made Wednesday morning by the two companies. In a statement, Amazon's senior vice president of Prime Video and Amazon Studios, Mike Hopkins, emphasized the intellectual property value of MGM's vast holdings, which go back to the 1920s. "The real financial value behind this deal," Hopkins said, "is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM's talented team."

With its mascot lion roaring logo, MGM made such movie classics as Singin' In the Rain and 2001: A Space Odyssey. MGM also owns the EPIX cable channel and runs a TV studio that produced The Handmaid's Tale and Fargo.

MGM also splits the highly lucrative James Bond movie franchise with a family that holds creative control of the 007 movies. According to Variety, as of 2020 the 24 films released so far in the series have generated $16.3 billion in global ticket sales, adjusted for inflation.

In all, MGM's catalog includes more than 4,000 films — including such pop-culture staples as Moonstruck, Legally Blonde, Rocky, The Pink Panther, The Silence of the Lambs and Poltergeist — and 17,000 television shows. Access to those movies and shows will certainly augment Amazon's Prime Video offerings, particularly at a time when other studios and networks have created their own platforms to reach consumers, such as HBO Max, Paramount+ and Disney+. As of last month, there were more than 200 million Amazon Prime account holders worldwide, Amazon founder Jeff Bezos told Variety.

The Wall Street Journal reported on Wednesday that the deal for $8.45 billion includes taking on MGM's current debts. The deal has not yet closed, an Amazon spokesperson noted to NPR, and is subject to regulatory approvals. The company is already facing antitrust inquiries in both the U.S. and Europe.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

This content is from Southern California Public Radio. View the original story at SCPR.org.




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Climate Change's Impact On Hurricane Sandy Has A Price: $8 Billion

A rollercoaster that once sat on the Funtown Pier in Seaside Heights, N.J., rests in the ocean on Wednesday, Oct. 31, 2012 after the pier was washed away by superstorm Sandy.; Credit: Julio Cortez/AP

Nathan Rott | NPR

When Hurricane Sandy swept up the eastern seaboard in 2012, it left a trail of damage from Florida to Maine. Subways were inundated in New York City. Hurricane-force winds tore across New Jersey. Blizzard conditions walloped Appalachia.

The hurricane — also known as Superstorm Sandy — caused an estimated $70 billion in damages in the U.S., mostly from flooding. And while scientists have long believed that some of the carnage was attributable to a warming climate, it's been unclear just how much of a role human-caused warming played in the storm's impacts. New research, published Tuesday in the journal Nature Communications, puts a dollar amount on some of those damages and it's a startling figure.

Using flood maps and sea-level rise measurements, researchers found that human-induced sea-level rise caused an estimated $8 billion in excess flooding damage during Hurricane Sandy and affected an additional 70,000 people.

"I often hear people say when we're trying to help them adapt to increasing coastal flooding, 'Well, it's not going to happen in my lifetime, the sea-level rise won't happen in my lifetime,'" said Philip Orton, a co-author of the study from the Stevens Institute of Technology in New Jersey. "But it's already happening to people. It's already here."

Sea levels at the tip of Manhattan have risen about 8 inches since 1950, according to the National Oceanic and Atmospheric Administration. Estimates range for how much additional sea-level rise is likely to occur, but on average, the expectation is that by mid-century water levels could rise by more than a foot in New York City, compared to the year 2000.

In worst case scenarios, in which humanity does not significantly cut its climate-warming greenhouse gas emissions and the world's ice sheets rapidly melt, sea levels could rise by more than 6 feet by the end of the century, putting hundreds of millions of people at risk worldwide.

Higher water levels mean more areas are susceptible to flooding, storm surge and other problems associated with hurricanes, as well as more chronic flooding from high tides.

The Biden administration has made addressing climate change one of its top priorities. It's proposed a major reconfiguration of the nation's energy and transportation sectors to cut the country's outsized contribution to global warming, with the goal of making the U.S. carbon neutral by the year 2050. Accomplishing that feat will require major federal investments and likely bipartisan support. It's unclear if the administration will be able to procure the latter.

The new study, which joins a growing body of broader attribution science, aims to quantify the cost of inaction and business as usual. Similar studies found that climate change fueled the strength of Hurricane Harvey, increased the risk of Australia's recent unprecedented fire season and contributed to a record-breaking heatwave in Europe.

Scientists have debated whether Hurricane Sandy was made more intense by a warming climate, but it's difficult to know. Generally, there's agreement in the scientific community that hotter global temperatures and warmer ocean waters will lead to more rapid intensification of hurricanes.

Quantifying exactly how much those climatic differences affected a storm like Sandy is difficult. That's why Orton and the team of researchers focused their efforts on sea-level rise, where there's a bevvy of good data. They used that data to model the impacts of Hurricane Sandy in a world without climate change and found the estimated $8 billion difference.

"Increasingly we have the tools to simulate these events and study and quantify the impact of climate change on people's lives," Orton said. "People's lives were dramatically changed by Hurricane Sandy and a lot of them don't realize it had to do with climate change at all."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

This content is from Southern California Public Radio. View the original story at SCPR.org.




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How tech helps Akshaya Patra serve food to 1.8 million children

The Akshaya Patra Foundation reduced the process time taken from planning the menu to delivery to schools by using mobility solution and automation.




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Jio likely to sign 5G gear deal with Nokia for $1.7 billion

Reliance Jio Infocomm is set to sign a $1.7bn deal with Nokia this week to purchase 5G network equipment. This follows the $2.1bn worth of equipment ordered by the Indian telecom operator from Ericsson in its attempt to roll out 5G across India this year. The company has already purchased 5G spectrum and plans to invest $25bn in 5G infrastructure, making its standalone mode the sole holder of the 700 MHz band in the country.




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USDA Moves To Feed Millions Of Children Over The Summer

Students carry sack lunches at Elk Ridge Elementary School in Buckley, Wash. On Monday, USDA unveiled a new program that would feed millions of children over the summer, when many schools are closed.; Credit: Ted S. Warren/AP

Cory Turner | NPR

The U.S. Department of Agriculture announced a new effort Monday to feed millions of children this summer, when free school meals traditionally reach just a small minority of the kids who rely on them the rest of the year. The move expands what's known as the Pandemic Electronic Benefit Transfer, or P-EBT, program into the summer months, and USDA estimates it will reach more than 30 million children.

"If children and children's learning and children's health is a priority for us in this country, then we need to fund our priorities," Agriculture Secretary Tom Vilsack said in a Monday interview with NPR's All Things Considered. "I think it's an important day."

P-EBT takes the value of the meals kids aren't getting at school, about $6.82 per child per weekday, according to USDA, and puts it onto a debit card that families can use at the grocery store. Households already enrolled in the Supplemental Nutrition Assistance Program (once known as food stamps) can have the value placed directly onto their SNAP debit card.

Children are eligible for the new P-EBT summer expansion if they are eligible to receive free or low-cost meals during the school year. Children younger than 6 can also qualify if they live in a household that currently receives SNAP benefits. According to USDA, eligible families can expect to receive roughly $375 per child to help them through this summer.

"Families are still in crisis as a result of the pandemic and providing Pandemic EBT benefits this summer will help reduce childhood hunger and support good nutrition," said Crystal FitzSimons at the Food Research & Action Center, or FRAC.

P-EBT began in March 2020 as an emergency move to reach children whose schools had closed in response to the pandemic; it was extended as part of the American Rescue Plan, the massive COVID-19 relief package that President Biden signed this past March.

The summer months have traditionally been hard on children who depend on free or low-cost school meals. According to FRAC, in July 2019, just 1 in 7 children who ate at little or no cost during the school year was getting a subsidized school lunch at the height of summer.

Currently, at least 37 states, plus the District of Columbia and Puerto Rico, have been approved by USDA to provide P-EBT since the program's inception. On Monday, Secretary Tom Vilsack told All Things Considered host Mary Louise Kelly that he's been on the phone with governors working to expand adoption.

"When I took this job, I think only 12 states were currently enrolled ... and we're continuing to get states in every day," Vilsack said. As for why some states hadn't yet signed on, he said, "I think the guidance that we were providing to states was a little bit murky ... There's no confusion about the simple plan here for the summer. Mom and Dad get a card. They are able to go to the grocery store. They now have more resources to be able to feed their family."

Monday's announcement is just the latest move by USDA to fight child hunger. The agency recently issued waivers that will allow school districts to offer free school meals to all children in the 2021-2022 school year. Schools will also be allowed to pack meals in bulk and deliver them to students still learning at home. The Biden administration also recently pushed a $1.1 billion monthly increase in SNAP benefits through September 2021.

According to the U.S. Census Bureau's Household Pulse Survey, which has offered regular snapshots of families' wellbeing during the pandemic, food insecurity in the U.S. has been declining in recent months. As of the period from March 17-29, nearly 23% of households with children reported experiencing some food insecurity, down from a pandemic high of 31.4% in December 2020.

"Food insecurity rates are finally starting to come down," said Lauren Bauer, a fellow in economic studies at the Brookings Institution. A host of federal programs to fight hunger and put money in the pockets of low-income Americans are "putting substantial downward pressure on food insecurity rates. It's a whole new world," Bauer said.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

This content is from Southern California Public Radio. View the original story at SCPR.org.




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U.S. Loses up to $130 Billion Annually as Result of Poor Health, Early Death Due to Lack of Insurance

The value of what the United States loses because of the poorer health and earlier death experienced by the 41 million Americans who lack health insurance is estimated to be $65 billion to $130 billion every year, according to a first-ever economic analysis of the costs of uninsurance for society overall.




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90 Million Americans are Burdened with Inadequate Health Literacy IOM Report Calls for National Effort to Improve Health Literacy

Nearly half of all American adults – 90 million people – have difficulty understanding and using health information, and there is a higher rate of hospitalization and use of emergency services among patients with limited health literacy, says a new report from the Institute of Medicine of the National Academies.




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Preterm Births Cost U.S. $26 Billion a Year - Multidisciplinary Research Effort Needed to Prevent Early Births

The high rate of premature births in the United States constitutes a public health concern that costs society at least $26 billion a year, according to a new report from the Institute of Medicine of the National Academies.




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Medication Errors Injure 1.5 Million People and Cost Billions of Dollars Annually - Report Offers Comprehensive Strategies for Reducing Drug-Related Mistakes

Medication errors are among the most common medical errors, harming at least 1.5 million people every year, says a new report from the Institute of Medicine of the National Academies.




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National Academies’ Gulf Research Program Awards $5.3 Million to Enhance Environmental Restoration Outcomes and Improve Oil Spill Risk Assessment

The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced grant awards for seven new projects totaling $5.3 million.




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National Academies’ Gulf Research Program Announces $10 Million Grant Opportunity for Enhancing Coastal Community Resilience in the Gulf of Mexico Region

The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced a new grant opportunity focused on enhancing coastal community resilience and well-being in the Gulf of Mexico region.




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Up to 8 Million Deaths Occur in Low- and Middle-Income Countries Yearly Due to Poor-Quality Health Care, Says New Report

Recent gains against the burden of illness, injury, and disability and commitment to universal health coverage (UHC) are insufficient to close the enormous gaps that remain between what is achievable in human health and where global health stands today, says a new report from the National Academies of Sciences, Engineering, and Medicine.




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National Academies’ Gulf Research Program Awards $3.2 Million to Education Projects to Advance Scientific and Environmental Literacy in Coastal Regions

The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced awards for nine new grant projects totaling $3.2 million.