Sunday, April 18

Business

LNG carriers: get ready for EEXI by 2023

LNG carriers: get ready for EEXI by 2023

Business
While the Covid pandemic continues to disrupt our lives, LNG vessels continue to trade, drydock and be delivered despite these most challenging of circumstances. Some crew members have been unavailable to be relived for long periods beyond their contract date, while newly joining crews remain unaware of when they will leave. The resilience of the industry is quite remarkable; all credit to the unsung heroes – the seafarers. IMO’s Marine Environment Protection Committee met virtually for its 75th Session (MEPC 75) in November 2020. The cut-down agenda mainly focused on measures to reduce greenhouse gases (GHG). The measures concerned are those given in the Energy Efficiency Design Index (EEDI) and the newly established Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indic...
Lyft and Uber lure people with low fares, but how long will this cheap ride-sharing last?

Lyft and Uber lure people with low fares, but how long will this cheap ride-sharing last?

Business
Ridesharing giant Lyft went public on March 28 and, last week, its bigger rival Uber has said it will soon follow with its own IPO. The IPO prospectus for Lyft and the initial filing to the Securities and Exchange Commission by Uber lift the veil for the first time on the sustainability of their business models and — for now, at least — their low prices. Ride-sharing services are designed to undercut traditional taxi cabs by allowing passengers to share a ride for a cheaper price. Ideally, this results in higher revenue for the driver, but only if they manage to pick up other customers on the route. Both companies will be under pressure from investors to turn a profit. The IPO prospectus for Lyft and the initial SEC filing by Uber lift the veil for the first time on the sustainability ...
Spring break could be a boost to Southwest Florida economy

Spring break could be a boost to Southwest Florida economy

Business
Spring break could be a boost to Southwest Florida economy Spring break is in full swing across Southwest Florida. The Tourist Development Council is hoping for a big boom in revenue that will help boost the local economy. The beaches were forced to closed last year during the peak of the pandemic. In 2020, much was unknown about the virus and the goal was to keep spring breakers off of the beaches. But, now with more knowledge about the virus people know what they need to do to stay safe. In 2020, March’s bed tax numbers are down by 33% compared to March of 2019. It got worse as the pandemic halted travel and vacations. Bed tax numbers in April of 2020 dropped by 88% compared to April 2019. The bed tax is a 5% tourist tax collected from hotels and short-term rentals. The money is us...
Opinion | Stop. Breathe. We Can’t Keep Working Like This.

Opinion | Stop. Breathe. We Can’t Keep Working Like This.

Business
[MUSIC PLAYING] ezra klein Well, I’m Ezra Klein. Welcome to “The Ezra Klein Show.” Before we get into it, a bit of housekeeping. We are looking for an associate producer. That job is still open, but not for much longer. If you have two years of audio experience and want to work on the show, go check out the link to the job listing and show notes. But to the show today, I want to begin here with a concept that’s going to be important throughout the episode — the hyperactive hive mind. That’s the idea at the center of Cal Newport’s new book, “A World Without Email.” And it’s the idea he says at the center of how a lot of us are working and living these days. He defines the hyperactive hive mind as a workflow centered on ongoing conversation fueled by unstructured and unscheduled messages d...
Pandemics, politicians and gold-plated pensions

Pandemics, politicians and gold-plated pensions

Business
The furlough scheme in the UK is coming to an end – and the job loss announcements are starting. Last week alone, Greene King has said it expects 800 jobs to go. Cineworld has put 5,500 at risk with the closure of its cinemas and school trip specialist PGL has said it has to cut 670 jobs – one-quarter of its workforce. With the new round of regional and national lockdown restrictions, it’s fair to say that these numbers represent the tip of a very nasty iceberg. However, there is one group in the UK that might be worrying less than the rest of us about their immediate futures: politicians. They may lose their jobs at the next election, of course. But for MPs that’s a few years off (it’s a bit sooner for MSPs). And even if they do, they will leave with something the rest of us would love to...
Opinion | How a Disaster Relief Program Changed the Roman Empire for the Better

Opinion | How a Disaster Relief Program Changed the Roman Empire for the Better

Business
Gaius Sulpicius Faustus was lucky, at least by the standards of the Roman Empire. Born into slavery, he was freed by his master and became a libertus, a freedman, though his fortune was still tied to his former owners. Like many educated liberti, Faustus found work as a business manager for his former master, keeping his books and overseeing his real estate holdings in the Bay of Naples. Faustus lived comfortably, but he still faced significant barriers: His status as a former slave meant he was marginalized in polite society; he couldn’t run for political office, nor would he ever ascend to the highest rungs of society. All that changed in 79 C.E., when a terrifying catastrophe upended the Roman world and Faustus’s life. Earthquakes shook the Bay of Naples, and then Mount Vesuvius began ...
Cape Coral man suing Lee County Sheriff’s Office after typo leads to wrongful arrest

Cape Coral man suing Lee County Sheriff’s Office after typo leads to wrongful arrest

Business
Cape Coral man suing Lee County Sheriff’s Office after typo leads to wrongful arrest An innocent Lee County man is suing the Lee County Sheriff’s Office over a typo that led to his wrongful arrest. Carlos Javier Lobos, 44, was arrested in 2018 and accused of child molestation. His lawyer says shortly after the false arrest, the sheriff’s office administratively expunged all records of it. While he was cleared of the crime after the detective realized the mistake, Lobos believes his name has been tainted after he was arrested in front of his family. Now, Lobos is fighting back. Lobos was arrested two years ago in his Cape Coral home by a U.S. Marshals task force, who should have been searching for Carlos Alberto Lobo, 34. “They arrested me in front of my wife and kids and, she was aski...
AP-NORC poll: Americans largely back Biden’s virus response

AP-NORC poll: Americans largely back Biden’s virus response

Business
Joe Biden is enjoying an early presidential honeymoon, with 60% of Americans approving of his job performance and even more backing his handling of the coronavirus pandemic WASHINGTON -- Joe Biden is enjoying an early presidential honeymoon, with 60% of Americans approving of his job performance thus far and even more backing his handling of the coronavirus pandemic, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. At a moment of deep political polarization in America, support for Biden’s pandemic response extends across party lines. Overall, 70% of Americans back the Democratic president's handling of the virus response, including 44% of Republicans. Still, Biden faces more skepticism from Americans on the economy, which has been battered by th...
How open banking became a great British success story

How open banking became a great British success story

Business
Open banking is a great British success story. Launched in 2018, this initiative, backed by the government, regulators and industry, lets third-party providers access your financial information at the touch of a button, but only after you’ve given explicit consent (renewed every 90 days). The idea is to connect various service providers to your bank account and thus benefit from a wide range of products and services that are tailored to your needs because they are based on analysing your data. Around 300 financial technology firms (“fintechs”) and innovative-finance providers have joined the open-banking network and more than 2.5 million British consumers and businesses now use open banking-enabled products to manage their finances, access credit and make payments. One practical measure of...
Opinion | Stacey Abrams on American Idealism and American Betrayal

Opinion | Stacey Abrams on American Idealism and American Betrayal

Business
archived recording (SINGING) When you walk in the room, do you have sway? [MUSIC PLAYING] kara swisher The first time I interviewed Stacey Abrams in 2017, she was running for governor of Georgia, a contentious race that she ended up losing to Brian Kemp by fewer than two percentage points. But instead of giving up, Abrams played the long game. She dug into the weakness of her own party, expanded her coalition, and became a national voice against voter suppression. And her work paid off. Despite all the skeptics, she helped turn Georgia blue, both in the 2020 presidential election, and in the recent high stakes Senate races of Jon Ossoff and Raphael Warnock. Abrams is a hero to many on the left and is being called an existential threat to the right. She’s also a polymath — a novelist, ent...