*******************************************************************
The Biden administration is reportedly weighing the potential market consequences of shutting down an oil pipeline in Michigan, drawing criticism from opponents. Former Michigan Gov. Jennifer Granholm, Biden's energy secretary, predicted Sunday that heating prices will rise this winter regardless of the Biden administration's decision on the pipeline. "Yeah, this is going to happen. It will be more expensive this year than last year," Granholm told CNN.
BIDEN ENERGY SEC. GRANHOLM LAUGHS AT QUESTION ABOUT BOOSTING OIL PRODUCTION
The administration has yet to decide on what to do with Line 5 and officials were gathering information only to present a clear picture of the situation, according to sources who spoke to Politico.
Line 5 is part of a network that moves crude oil and other petroleum products from western Canada, transporting about 540,000 barrels per day. Petroleum is taken from the pipeline in Escanaba, Michigan. Read More
*******************************************************************
Seattle Public Schools says that classes are canceled for this Friday due to a shortage of teachers.
In a letter sent to parents, SPS said there will be no in-person or remote instruction on November 11 or 12 as part of its effort to "ensure the highest quality environment for student learning."
Schools were already scheduled to be closed on Thursday due to Veteran’s Day.
VIRGINIA SCHOOL BOARD BACKTRACKS ON VACCINE MANDATE AS RESIGNATIONS AND STAFFING SHORTAGE MOUNTS
The district told Fox News that, as of last week, more than 600 educators had requested a substitute and additional requests came in this week. It said teachers and staff have historically requested off the day after Veterans Day but because of current circumstances, the district does not have the capacity to "ensure student safety and high-quality learning." Read More
*******************************************************************
*******************************************************************
WASHINGTON—Amazon.com is seeking approval from U.S. communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband internet to areas around the world that lack high-speed service.
Amazon had said previously it planned to spend at least $10 billion to build 3,236 such satellites through its Project Kuiper program. Late on Thursday it asked the Federal Communications Commission (FCC) for approval to deploy a total of 7,774 satellites for the project.
On Monday, Amazon asked the FCC for approval to launch and operate two prototype satellites by the end of 2022.
Amazon said in its filing the satellites “will serve households, hospitals, businesses, government agencies, and other organizations around the world, including in geographic areas where reliable broadband remains lacking.”
“Although connectivity has improved on a global basis, only 51 percent of the global population, and 44 percent of the population of developing countries, are online,” the company filing said. Read More
*******************************************************************
Paris (CNN)When President Barack Obama's decision to scrap a planned missile defense system in the fall of 2009 left a pair of European allies feeling jilted, Vice President Joe Biden embarked on a three-day tour to coax relations back to health.
HOUSTON, Texas (KTRK) -- A 22-year old Texas A&M University senior has shown no brain activity after she was injured during Friday's disaster at the Astroworld Festival, her family said Tuesday.
Bharti Shahani has been in critical condition and is on a ventilator. Her family told ABC13 Tuesday morning that they are meeting to determine what to do next.
Shahani, her sister Namrata Shahani and her cousin Mohit Bellani went to the concert together, but lost each other when the crowd surged.
"Once one person fell, people started toppling like dominos. It was like a sinkhole. People were falling on top of each other," Bellani said. "There were like layers of bodies on the ground, like two people thick. We were fighting to come up to the top and breathe to stay alive."
Bharti was taken to Houston Methodist Hospital by ambulance. Paramedics gave her CPR on the way there.
But Namrata Shahani and Bellani had both lost their cell phones. They couldn't find Bharti.
"Once we let go of her hand, the next time we saw her, we were in the ER," Namrata said.
"They took us to her room, and she was bleeding and on a ventilator. Me and my wife were too shocked. We can't even stand in there," her father, Sunny Shahani, said Read More
*******************************************************************
*******************************************************************
Poland's Prime Minister has accused Russian President Vladimir Putin of being behind a migrant crisis at Belarus's border with Poland.
Mateusz Morawiecki said that Belarus's authoritarian leader, a close ally of Mr Putin, is orchestrating the crisis, but "it has its mastermind in Moscow".
At least 2,000 migrants are stuck at the border in freezing conditions.
Belarus's leader Alexander Lukashenko denies claims it is sending people over the border in revenge for EU sanctions.
Video footage shows crowds of people on the Belarusian side of a barbed-wire border fence with Poland. Some try to force their way through using bolt cutters, tree trunks and group force, while Polish guards fend them off with what appears to be tear gas.
Many of the migrants are young men but there are also women and children, mostly from the Middle East and Asia. They are camping in tents just inside Belarus, trapped between Polish guards on one side, and Belarusian guards on the other. Read More
*******************************************************************
Countries' latest pledges to cut their greenhouse gas emissions are still not enough to avoid the most devastating consequences of a changing climate, according to a new analysis.
What's more, the report by Climate Action Tracker finds that of the many pledges to zero out climate emissions, only four have concrete plans to achieve that. They are by Chile, Costa Rica, the European Union and the U.K.
It's the latest assessment to cast doubt on the meeting's rallying cry to "keep 1.5 alive." That refers to the target in the Paris climate agreement to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit).
The Climate Action Tracker report shows that under the most optimistic scenario, if countries fulfill all the promises they've made so far, warming would be about 1.8 degrees Celsius. That's similar to a new U.N. assessment and an International Energy Agency analysis last week. Read More
*******************************************************************
*******************************************************************
New York (CNN Business)General Electric, the industrial conglomerate founded by Thomas Edison in 1892, is breaking up. GE announced plans Tuesday to split into three separate companies.
Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.
Should underwriters exercise their full purchase option, the company will have a market cap of over $68 billion. The stock will trade on the Nasdaq under ticker symbol RIVN.
Rivian said it expects the IPO to bring in $11.9 billion.
Last week, Rivian increased the expected price range to between $72 and $74 from a previous range of $57 to $62. At its $78 offer price, Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue.
Rivian said in its prospectus that it will lose up to $1.28 billion in the third quarter, while revenue will range from zero to $1 million. It’s the latest EV company to attract hefty investor capital at a stratospheric price without yet proving that it has a sustainable business model. Read More
*******************************************************************