Author: i2wtc

James M. Inhofe, a Republican from Oklahoma who served as a U.S. senator for nearly 30 years, where he served as chairman of the Armed Services and Environment committees and was known as one of Congress’ most vocal climate change deniers, passed away on July 9 at the age of 89.The Associated Press, citing a family statement, reported that he had recently suffered a stroke. No other details were immediately released.Inhofe retired from the Senate in January 2023 after nearly 60 years in politics, beginning with a career as a state legislator and mayor of Tulsa, Oklahoma’s second-largest city.He served…

Tom Yawkey and his wife, Jean. (Herald file photo) History is the first born child of the Father of Time. But unlike his father, History is not undefeated and unconcluded. Father time always finds you. History can remain hidden forever. The history of Boston sports ownership is full of rogues, villains real and cartoon, Mr. Potter impersonators and generous, aloof billionaires. One would think that John W. Henry would be more forgiving of history than the troublesome proletariat at the other end of the expectations curve. Imagine you want your team to win every year. “Linda, can you add another…

(Bloomberg) — Oil prices were stabilizing as signs of renewed drawdown in U.S. inventories were offset by concerns about Chinese demand and continued uncertainty over the Federal Reserve’s timeline for cutting interest rates.Most read articles on BloombergBrent crude has fallen more than 3 percent over the past three trading days to trade below $85 a barrel, while West Texas Intermediate is trading above $81. The American Petroleum Institute said crude inventories fell by 1.92 million barrels last week, with a decline also recorded in Cushing, Oklahoma, a major crude warehouse, people familiar with the data said. Total inventories fell by…

As evidence of its conclusion, AMT reported that contract machine shops (or “job shops”) increased their order volumes in May. These shops are the largest segment of the market for orders for new manufacturing technology, but through the first five months of 2024, they have consistently underperformed the overall market. Demand for OEM manufacturing technologies is particularly strong among electrical equipment manufacturers and power generation and transmission equipment manufacturers. “These industries have undoubtedly benefited from government investments authorized by the CHIPS Act and the Infrastructure Act and are therefore less sensitive to interest rates than other industries,” AMT noted. Auto…

Stay up to date with free updatesJust sign up Climate Change myFT Digest – delivered straight to your inbox.Over 100 years ago, two German scientists devised a way to produce ammonia, a mixture of hydrogen and nitrogen, on an industrial scale. And for the rest of the 20th century, their innovation helped transform agriculture by enabling the production of fertilizers that soared crop yields. Currently, ammonia-derived nitrogen fertilizer is used to grow crops that feed about half the world’s population. About 80% of the ammonia currently produced ends up as a crop nutrient.But the problem is that the process of…

This August marks 77 years since India was divided into two states.The boundary was hastily drawn by lawyer Cyril Radcliffe, who had never set foot in the area, at the behest of Lord Louis Mountbatten, a cousin of George VI and governor of the island, then known as the jewel in the British Crown. It was not an amicable breakupTwo post-colonial ideas collided: those of Mahatma Gandhi and Jawaharlal Nehru, who wanted India to be one united nation, and those of Muslim League leader Mohammed Ali Jinnah, who believed Muslims would be worse off without a sovereign state. Jinnah had…

CNN — Joe Biden’s refusal to step down thwarted an effort on Tuesday to remove him from the Democratic nomination. But his dismal performance in the presidential debate and his defiant post-debate attitude have severely weakened his standing in a party already unenthusiastic about his campaign. His terrible two weeks, coupled with his sudden re-emergence in the campaign against a revitalized former President Donald Trump who held a ferocious rally in Florida nine days before accepting the Republican nomination, threaten to further narrow his already precarious reelection path. In Washington on Tuesday, deep anxiety about the president’s future hung over…

From buses to billboards, political ads are taking over Milwaukee. The ad plethora is coming from both parties. Democrats and Republicans have put up billboards all over the city. “We have tons of billboards. Anyone who drives in or around Milwaukee will see them. We have digital ads, TV and radio ads,” said Sam Cornerle, executive director of the Democratic National Committee. The DNC has wrapped about 60 buses in Milwaukee County with signs supporting President Joe Biden. “What you’ll see on the buses is our attempt to meet voters on the street corner and say, ‘This is a choice…

The body of a missing Chicago pastor who was last seen last week has been recovered along with his vehicle from the Des Plaines River in Rockdale, according to the Will County coroner. Pastor Warren Beard of New Israelite Missionary Baptist Church was last seen on July 2, when his vehicle was captured on a license plate reader camera near the intersection of Jefferson and Larkin streets in Joliet around 10:30 p.m. Fire officials confirmed the vehicle was found in the Des Plaines River just after 2:45 p.m. Tuesday, nearly four hours after authorities were notified of video footage that…

Chaoyi Li and Ryan WuBEIJING (Reuters) – China’s consumer price index rose for a fifth straight month in June but fell short of expectations, while producer price deflation persisted and domestic demand remained stuck on a slow recovery despite support measures for the world’s second-largest economy.China’s government is seeking to revive consumption after a faltering post-COVID recovery, but worries remain about more fundamental issues including a sluggish housing market and lingering employment insecurity that have depressed consumer and industrial activity and prompted calls for more effective policies.Data released by the National Bureau of Statistics (NBS) on Wednesday showed China’s consumer…