California governor demands PG&E accountability for mismanaging power shutoffs

Restaurant owner Emily Schiffman checks her phone behind a candle-lit bar at Reel and Brand in Sonoma, California, on October 9, 2019, during a planned power outage by the Pacific Gas & Electric (PG&E) utility company. California Governor Gavin Newsom said on Monday that utility Pacific Gas and Electric should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers. Separately, the California Public Utili


Restaurant owner Emily Schiffman checks her phone behind a candle-lit bar at Reel and Brand in Sonoma, California, on October 9, 2019, during a planned power outage by the Pacific Gas & Electric (PG&E) utility company. California Governor Gavin Newsom said on Monday that utility Pacific Gas and Electric should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers. Separately, the California Public Utili
California governor demands PG&E accountability for mismanaging power shutoffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, batjer, urged, accountability, governor, week, utility, pge, affected, power, shutoffs, commission, corrective, mismanaging, demands, california


California governor demands PG&E accountability for mismanaging power shutoffs

Restaurant owner Emily Schiffman checks her phone behind a candle-lit bar at Reel and Brand in Sonoma, California, on October 9, 2019, during a planned power outage by the Pacific Gas & Electric (PG&E) utility company.

California Governor Gavin Newsom said on Monday that utility Pacific Gas and Electric should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers.

Separately, the California Public Utility Commission ordered corrective steps by PG&E, the state’s largest investor-owned

utility, while summoning eight of its top executives to an emergency meeting on Friday.

The utility, a unit of PG&E, cut off electricity to more than 730,000 homes and workplaces in northern California last week in a bid to reduce wildfire risks posed by extremely windy, dry weather.

The precautionary shutdown, unprecedented in its scope, has been widely criticized as being haphazardly conducted on too large a scale, with insufficient advance notice to affected customers.

On Thursday, the governor said the power outage followed years of mismanagement by the utility and branded its handling as “unacceptable.”

Chief Executive Bill Johnson publicly acknowledged that day that PG&E had fallen short in its preparations for the outage.

In response to state officials’ latest moves, Johnson again acknowledged room for improvement while defending the

broad-scale power cutoff as “the right decision.”

He added that there “were no catastrophic wildfires started” last week in the utility’s service areas.

Newsom said he had sent a letter to Public Utilities Commission President Marybel Batjer confirming that the agency

will conduct a comprehensive inquiry and review of PG&E’s planning, implementation and decision-making process failures.

“Californians should not pay the price for decades of PG&E’s greed and neglect,” Newsom said. “We will continue to hold PG&E accountable to make radical changes — prioritizing the safety of Californians and modernizing its equipment.”

Newsom also urged the company to provide affected customers an automatic credit or rebate of $100 per residential customer and $250 per small business as compensation.

Separately, Batjer sent PG&E executives an eight-page letter on Monday directing the utility outlining seven “major areas

where immediate corrective actions are required,” the commission said in a statement.

“Failures in execution, combined with the magnitude of this (power shutdown) event, created an unacceptable situation that should never be repeated,” Batjer wrote.

“Loss of power is not a mere inconvenience — it endangers lives and property, especially those individuals who are reliant

on power for medical reasons.”

Several of the corrective actions ordered by the commission dealt with website crashes and an overwhelming surge in call center activity the utility experienced during the shutdown.

PG&E filed for bankruptcy in January 2019, citing potential civil liabilities in excess of $30 billion from major wildfires

linked to its transmission wires and other equipment.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, batjer, urged, accountability, governor, week, utility, pge, affected, power, shutoffs, commission, corrective, mismanaging, demands, california


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5 things you should do if you suspect you were affected by the DoorDash data breach

Customers who joined after April 5, 2018, were not impacted by the breach, DoorDash reported. Here are few steps experts recommend taking if you think you may have been affected during a data breach. If you do suspect your credit card number has been stolen, report it immediately to your credit card company. In the case of the DoorDash breach, 100,000 delivery drivers had their driver’s licenses stolen, as well as potentially their names and contact information. Stay alertUltimately, all consume


Customers who joined after April 5, 2018, were not impacted by the breach, DoorDash reported. Here are few steps experts recommend taking if you think you may have been affected during a data breach. If you do suspect your credit card number has been stolen, report it immediately to your credit card company. In the case of the DoorDash breach, 100,000 delivery drivers had their driver’s licenses stolen, as well as potentially their names and contact information. Stay alertUltimately, all consume
5 things you should do if you suspect you were affected by the DoorDash data breach Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: megan leonhardt
Keywords: news, cnbc, companies, delivery, theft, suspect, information, drivers, card, breach, freeze, things, doordash, credit, data, affected


5 things you should do if you suspect you were affected by the DoorDash data breach

DoorDash, a popular food delivery app, announced Thursday that hackers accessed the company’s data system and stole the personal information of approximately 4.9 million customers, restaurants and delivery workers — including driver’s license numbers, partial bank and credit card information, as well as names and addresses. Specifically, DoorDash said in a blog post that customers who signed up for the delivery app before April 5, 2018, potentially had a slew of personal details compromised such as names, email addresses, phone numbers and order histories, as well as the last four digits of debit and credit cards. Full credit card information was not accessed. The cyber criminals also gained access to “salted and hashed” customer passwords, DoorDash says. This is a protection strategy companies use that transforms the actual password so they’re not identifiable. For delivery workers and restaurants, hackers also retrieved the last four digits of bank account numbers. But again, DoorDash reports the full bank information was not accessed and “information accessed is not sufficient to make fraudulent withdrawals from your bank account.” About 100,000 delivery workers also had their driver’s license numbers hacked. Customers who joined after April 5, 2018, were not impacted by the breach, DoorDash reported. The hack occurred in May, and DoorDash says it “took immediate steps to block further access,” but did not immediately explain why it delayed announcing the data breach for five months. Still concerned? Here are few steps experts recommend taking if you think you may have been affected during a data breach.

1. Change your passwords

DoorDash says it will be reaching out directly to affected customers, restaurants and delivery workers. And while it does “not believe that user passwords have been compromised,” it’s still a good idea to go ahead and update your password. Make sure when you do so, it’s unique to DoorDash. You can make the change through the DoorDash website.

2. Set up credit monitoring

While the DoorDash hackers didn’t retrieve the full payment information, you may want to set up credit monitoring if you don’t already have it in place. You can set up a free monitoring service through sites like Credit Karma, which will send you alert emails about any recent activity on your TransUnion or Equifax credit reports. If you do suspect your credit card number has been stolen, report it immediately to your credit card company. They will typically close the account, investigate the reported charges and issue you a new credit card.

3. Track your response

Last year, there were 1,244 data breaches reported, according to the Identity Theft Resource Center. While that’s less than the number reported in 2017, the number of hacked consumer records that exposed sensitive information increased. And each one of those hacks could lead to class-action lawsuits and investigations by regulators, like in the case of Equifax. While not all data breaches will result in a settlement, it’s good to be prepared. Going forward, Charity Lacey, VP of communications at the ITRC, tells CNBC Make It that it’s important for consumers to take breach notifications seriously and document what they do in response. The Identity Theft Center’s ID Theft Help app has a case log manager tool that can help you track any actions you take in response to a breach.

4. Drivers may want to freeze their credit

A data breach can be more damaging if you have multiple pieces of information leaked. “Sometimes the risk is compounded when criminals have multiple pieces of data,” says cyber-security expert Joseph Steinberg. In the case of the DoorDash breach, 100,000 delivery drivers had their driver’s licenses stolen, as well as potentially their names and contact information. A stolen driver’s license can be used for identity theft — specifically criminals can use it as proof of ID when opening accounts, Steinberg says. The drivers may want to take some extra steps to protect their accounts, such as putting a freeze on their credit report, which “is the best way to prevent a criminal from opening an unauthorized account in your name,” says CreditCards.com industry analyst Ted Rossman. If you want to freeze your credit reports and haven’t already done so during a previous data breach, you need to contact the three major credit bureaus, Equifax, Experian and TransUnion, separately. Keep in mind that you will need to unfreeze your credit if you’re applying for any credit products in the future, such as a personal loan, credit card or mortgage. While a credit freeze will stop anyone from taking out a credit card or loan in your name, it’s not a complete solution. A credit freeze doesn’t do much for identity theft that is not related to opening up a credit account, Steinberg says.

5. Stay alert

Ultimately, all consumers need to be vigilant about suspicious activity regardless of whether they were impacted by this most recent data breach. “The best an individual can do is keep an eye open for scammers contacting them,” says independent computer security analyst Graham Cluley. That includes being very careful if you get any emails or phone calls purportedly from DoorDash, a scam that occurs frequently after a data breach is announced. If you’re contacted and asked for additional information, reach out directly to the company, rather than just responding. Like this story? Subscribe to CNBC Make It on YouTube! Don’t miss: Here’s everything a cyber criminal can do if they steal your credit card


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: megan leonhardt
Keywords: news, cnbc, companies, delivery, theft, suspect, information, drivers, card, breach, freeze, things, doordash, credit, data, affected


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Google’s cloud chief says US-China trade war has not affected sales growth

The trade war between the U.S. and China hasn’t had an effect on Google’s fast-growing cloud business, according to Google Cloud CEO Thomas Kurian. In a CNBC interview at the Sibos financial services conference in London Thursday, Kurian said the cloud business is seeing “enormous growth around the world,” adding it has “not been affected by the trade war.” Kurian pointed to Google Cloud’s “large presence” in Hong Kong and Taiwan and didn’t rule out further expansion into China’s cloud market. C


The trade war between the U.S. and China hasn’t had an effect on Google’s fast-growing cloud business, according to Google Cloud CEO Thomas Kurian. In a CNBC interview at the Sibos financial services conference in London Thursday, Kurian said the cloud business is seeing “enormous growth around the world,” adding it has “not been affected by the trade war.” Kurian pointed to Google Cloud’s “large presence” in Hong Kong and Taiwan and didn’t rule out further expansion into China’s cloud market. C
Google’s cloud chief says US-China trade war has not affected sales growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: elizabeth schulze
Keywords: news, cnbc, companies, business, kurian, services, uschina, sales, growth, googles, chief, worry, cloud, trade, affected, world, china, war, google, chinese


Google's cloud chief says US-China trade war has not affected sales growth

The trade war between the U.S. and China hasn’t had an effect on Google’s fast-growing cloud business, according to Google Cloud CEO Thomas Kurian.

In a CNBC interview at the Sibos financial services conference in London Thursday, Kurian said the cloud business is seeing “enormous growth around the world,” adding it has “not been affected by the trade war.”

Kurian pointed to Google Cloud’s “large presence” in Hong Kong and Taiwan and didn’t rule out further expansion into China’s cloud market.

“We continue to monitor the demand for our technology from Chinese customers,” he said.

Cloud services in China are currently dominated by Chinese tech giants like Alibaba and Tencent. Asked whether he sees competition from those local players, Kurian replied, “we worry about everybody.”


Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: elizabeth schulze
Keywords: news, cnbc, companies, business, kurian, services, uschina, sales, growth, googles, chief, worry, cloud, trade, affected, world, china, war, google, chinese


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Google discovers major iPhone security flaw that affected thousands

Google Project Zero, a group that examines and publishes security and privacy exploits it finds in public software, said on Thursday evening there were huge security holes in iPhone software that existed for two years. Apple has put a big marketing campaign around iPhone privacy recently. At CES 2019, just across from the main conference center that was plastered with Google Assistant logos, Apple posted an ad that read: “What happens on your iPhone, stays on your iPhone.” But Google said the at


Google Project Zero, a group that examines and publishes security and privacy exploits it finds in public software, said on Thursday evening there were huge security holes in iPhone software that existed for two years. Apple has put a big marketing campaign around iPhone privacy recently. At CES 2019, just across from the main conference center that was plastered with Google Assistant logos, Apple posted an ad that read: “What happens on your iPhone, stays on your iPhone.” But Google said the at
Google discovers major iPhone security flaw that affected thousands Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: todd haselton
Keywords: news, cnbc, companies, affected, flaw, group, privacy, private, iphone, security, google, project, iphones, software, thousands, exploits, discovers, major


Google discovers major iPhone security flaw that affected thousands

Google Project Zero, a group that examines and publishes security and privacy exploits it finds in public software, said on Thursday evening there were huge security holes in iPhone software that existed for two years. The exploits gave attackers access to photos, location information, private messages and more.

Apple has put a big marketing campaign around iPhone privacy recently. At CES 2019, just across from the main conference center that was plastered with Google Assistant logos, Apple posted an ad that read: “What happens on your iPhone, stays on your iPhone.” The company has also run commercials touting the privacy features of the iPhone.

The flaws were fixed in February when Apple released iOS 12.1.4 after Google notified the company, which is why Google is now talking about the flaws publicly. But Google said the attack could be used against iPhone owners who visited a “small collection of hacked websites” and could have affected “thousands of visitors per week.”

According to the Project Zero’s Threat Analysis Group (TAG), there were fourteen different exploits that hackers were using to take private information from iPhones. “Seven for the iPhone’s web browser, five for the kernel and two separate sandbox escapes,” the group said.

Google said it wasn’t targeted at specific people, all you had to do was visit an infected site.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: todd haselton
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Barry lost some bite, but these 10 cities could lose billions in housing to floods by 2050

of rain in places as it stormed up the Mississippi River Valley from Louisiana and Alabama to Arkansas and as far north as Ontario, Canada, this week. Although the weather system did less damage than initially feared, some experts say that, thanks to climate change, things will only get worse going forward. Andreas Prein, project scientist with the National Center for Atmospheric Research, recently told the New York Times that climate change is upping both the frequency and intensity of heavy ra


of rain in places as it stormed up the Mississippi River Valley from Louisiana and Alabama to Arkansas and as far north as Ontario, Canada, this week. Although the weather system did less damage than initially feared, some experts say that, thanks to climate change, things will only get worse going forward. Andreas Prein, project scientist with the National Center for Atmospheric Research, recently told the New York Times that climate change is upping both the frequency and intensity of heavy ra
Barry lost some bite, but these 10 cities could lose billions in housing to floods by 2050 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, zillow, weather, housing, billions, barry, worth, things, risk, homes, bite, lose, 2050, lost, affected, flooding, floods, cities, change, climate


Barry lost some bite, but these 10 cities could lose billions in housing to floods by 2050

Hurricane Barry dumped more than 23 in. of rain in places as it stormed up the Mississippi River Valley from Louisiana and Alabama to Arkansas and as far north as Ontario, Canada, this week. Although the weather system did less damage than initially feared, some experts say that, thanks to climate change, things will only get worse going forward.

Andreas Prein, project scientist with the National Center for Atmospheric Research, recently told the New York Times that climate change is upping both the frequency and intensity of heavy rainfall storms.

Where does that leave homeowners? Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central.

About 40% of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more than $34 billion. Things look even more grim further out in time: By 2100 some 2.5 million homes nationwide, worth about $1.3 trillion altogether, could be at risk if the scientific data and resulting computer models are correct.

Here are the 10 cities predicted to be worst affected by 2050, along with the amount of local housing affected by flooding and its value.

Source: Zillow.com

Updated 18 July 2019. Originally published 14 March 2019.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: kenneth kiesnoski
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How your money might be affected if the Fed cuts interest rates

A rate cut could hurt savers with high-yield accountsThe federal funds rate is used as the benchmark for many consumer interest rates. Variable credit card interest rates are tied to the prime rate, for example, which is closely related to the federal funds rate, Hamrick says. The Fed does not directly set mortgage rates, but cutting the benchmark rate could still impact your mortgage. “But a drop in the fed funds rate will contribute to mortgage rates remaining low into the future.” If you hold


A rate cut could hurt savers with high-yield accountsThe federal funds rate is used as the benchmark for many consumer interest rates. Variable credit card interest rates are tied to the prime rate, for example, which is closely related to the federal funds rate, Hamrick says. The Fed does not directly set mortgage rates, but cutting the benchmark rate could still impact your mortgage. “But a drop in the fed funds rate will contribute to mortgage rates remaining low into the future.” If you hold
How your money might be affected if the Fed cuts interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: alicia adamczyk
Keywords: news, cnbc, companies, federal, funds, hamrick, affected, economy, money, credit, rates, cut, interest, rate, mortgage, cuts, fed


How your money might be affected if the Fed cuts interest rates

Jerome Powell, chairman of the U.S. Federal Reserve, said that downside risks to the economy remain with trade wars softening business investment and weak inflation.

Federal Reserve Chairman Jerome Powell said Wednesday that the U.S.’s uncertain economic outlook could lead the central bank to cut its benchmark short-term interest rate later this month. Experts say the cut would likely be a modest quarter of a percentage point. The rate cut would be a result of a confluence of factors, including uncertainty over a U.S-China trade war and a slowing economy. How would a rate cut — the first since 2008 — impact the average consumer? While it’s hard to predict, generally, a rate cut is “good for borrowers, bad for savers, and mixed for investors,” Sallie Krawcheck, co-founder and CEO of Ellevest and former Wall Street executive, tells CNBC Make It.

A rate cut could hurt savers with high-yield accounts

The federal funds rate is used as the benchmark for many consumer interest rates. Already, some banks — including Ally and Marcus by Goldman Sachs — have cut yields on some of their retail products, including savings accounts, in anticipation of the central bank’s actions. Experts say savers can also expect CD rates to fall ahead of the Fed’s decision. The exact impact is still unknown, says Mark Hamrick, Bankrate.com senior economic analyst. Although savings account APYs might decrease, he says, many traditional banks never increased them significantly anyway; the national average rate is still 0.10%.

A rate cut helps borrowers with credit card debt

An interest rate cut is bad news for savers, “but it is something of an unexpected gift for borrowers and investors,” says Hamrick. Variable credit card interest rates are tied to the prime rate, for example, which is closely related to the federal funds rate, Hamrick says. So, with the federal funds rate dropping, a card holder could see a drop in their APR within a billing cycle or two, which means smaller monthly payments. Credit card interest rates are currently at a record high, so any breathing room would be a boon to those carrying credit card debt. Still, a slight cut won’t save borrowers much when they are facing double-digit interest rates; it’s important to make a plan to pay off any balance as soon as possible.

Mortgages are more complicated

Mortgage rates are a bit trickier, says Hamrick. The Fed does not directly set mortgage rates, but cutting the benchmark rate could still impact your mortgage. Investors typically rush to the relative safety of bonds when the economy falters. As a result, recent lower bond yields have led to substantially lower mortgage rates since the end of 2018. Cutting rates could potentially reverse that, Hamrick says, as it signals an improving economy. On another front, Skylar Olsen, Zillow’s director of economic research, tells CNBC Make It that other economic factors have more influence on mortgage rates. “The typical 30-year mortgage rate is responding more to uncertainties on a global stage due to trade war concerns and early stage softening in the economy in general than in the fed funds rate,” says Olsen. “But a drop in the fed funds rate will contribute to mortgage rates remaining low into the future.”

Some other loans might be impacted

Consumers with home equity lines of credit would also benefit from lower interest rates, while auto loans should not be materially affected by the change. Federal student loan rates are set by the Department of Education each year, based on the 10-year Treasury note, and are expected to fall next year. Private loan rates might be variable, and therefore could be indirectly influenced by the Fed’s decision. If you hold private loans, it could be worth exploring refinancing options if the Fed drops interest rates.

Overall the effects are mixed


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: alicia adamczyk
Keywords: news, cnbc, companies, federal, funds, hamrick, affected, economy, money, credit, rates, cut, interest, rate, mortgage, cuts, fed


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Apple recalls some MacBook Pro laptops because they pose a ‘fire safety risk’

Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may “overheat and pose a fire safety risk.” The affected laptops are an older design, without the Touch Bar keyboard, and were sold between September 2015 and February 2017. The specific model affected is listed as “MacBook Pro (Retina, 15-inch, Mid 2015)” in system settings. “Customer safety is always Apple’s top priority, and we have voluntarily decided to replace affected batterie


Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may “overheat and pose a fire safety risk.” The affected laptops are an older design, without the Touch Bar keyboard, and were sold between September 2015 and February 2017. The specific model affected is listed as “MacBook Pro (Retina, 15-inch, Mid 2015)” in system settings. “Customer safety is always Apple’s top priority, and we have voluntarily decided to replace affected batterie
Apple recalls some MacBook Pro laptops because they pose a ‘fire safety risk’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: kif leswing
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Apple recalls some MacBook Pro laptops because they pose a 'fire safety risk'

An attendee touches the Trackpad on the new MacBook Pro laptop computer inside the new Apple store Saint Germain during the press day on December 01, 2016 in Paris, France.

Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may “overheat and pose a fire safety risk.”

The affected laptops are an older design, without the Touch Bar keyboard, and were sold between September 2015 and February 2017. The specific model affected is listed as “MacBook Pro (Retina, 15-inch, Mid 2015)” in system settings.

Apple said that the recall does not affect any other Mac laptops. To check if your device is affected, Apple published a website where you can input your computer’s serial number. Apple will replace the battery free of charge, according to its announcement.

“Customer safety is always Apple’s top priority, and we have voluntarily decided to replace affected batteries, free of charge,” Apple said on its website.

The affected laptops are a previous-generation design, and are not the same models as the current MacBook Pro with Touch Bar. Those computers have a “butterfly” keyboard which has been criticized by Apple users for being unreliable, and those computers are currently covered by an Apple service program that replaces the keyboard for free if it starts malfunctioning.

Battery issues are not uncommon in consumer electronics. The most famous example of a recall associated with overheating batteries was Samsung’s Galaxy Note 7 smartphone, which caught fire because of issues with its batteries.


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: kif leswing
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These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050

Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central. About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more


Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central. About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more
These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kenneth kiesnoski, pickstock, getty images, sky noir photography bill dickinson, moment, denistangneyjr, denis jr tangney, matteo colombo, digitalvision
Keywords: news, cnbc, companies, billionplus, zillow, cities, billion, flooding, risk, climate, 2050, floods, homes, housing, lose, 34, worth, coastal, according, affected


These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050

Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central.

About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more than $34 billion. Things look even more grim further out in time: By 2100 some 2.5 million homes nationwide, worth about $1.3 trillion altogether, could be at risk if the scientific data and resulting computer models are correct.

Here are the 10 cities predicted to be worst affected by 2050, along with the amount of local housing affected by flooding and its value.

Source: Zillow.com


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kenneth kiesnoski, pickstock, getty images, sky noir photography bill dickinson, moment, denistangneyjr, denis jr tangney, matteo colombo, digitalvision
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Facebook has been down for hours, Instagram and WhatsApp also affected

Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. Technical issues with Facebook have historically posed serious problems for advertisers


Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. Technical issues with Facebook have historically posed serious problems for advertisers
Facebook has been down for hours, Instagram and WhatsApp also affected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lauren feiner, christophe morin, getty images news, getty images
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Facebook has been down for hours, Instagram and WhatsApp also affected

Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Facebook did not give a reason for the outage, and provided minimal information other than acknowledging it is aware services are down in some areas.

Facebook shares were relatively unchanged Wednesday afternoon.

The company acknowledged the outage in a tweet Wednesday, saying, “We’re aware that some people are currently having trouble accessing the Facebook family of apps. We’re working to resolve the issue as soon as possible.”

It later confirmed the problem was not the result of a DDoS attack, which refers to a Distributed Denial-of-Service attack in which a hacker overwhelms a site by flooding it with fake traffic.

Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Downdetector listed zero problems by about 5 p.m. Eastern, and many people reported their access had been restored, but Facebook has not yet confirmed the issues were resolved.

Users reported a variety of problems, from being unable to load the site at all to not being able to post comments. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. When loading the site, some users’ got a message on the screen saying “Account Temporarily Unavailable.”

At a Facebook event at the South by Southwest conference in Austin, Texas Wednesday, the company’s head of video products cracked a joke when he ran into technical issues.

“Today is the technical difficulties day for Facebook, I guess,” cracked Paresh Rajwat, in a reference to the company’s worldwide service outage when his presentation’s video failed to include audio. Rajwat was announcing new features for Facebook’s Watch video service.

Technical issues with Facebook have historically posed serious problems for advertisers who use the platform and even other websites.

Facebook previously experienced an outage of its tool for advertisers in November at a time when marketers were trying to place ads for Black Friday and Cyber Monday.

In 2013, Facebook experienced a glitch which took several websites down with it thanks to the prevalence of its login feature across the internet. When users tried to log into a website with their Facebook profile, they were directed to a Facebook error page, Business Insider reported at the time. The glitch, which only lasted a few minutes, affected websites including The New York Times and CNN, Business Insider reported.

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Watch: Zuckerberg’s push to make posts private could cause more misinformation, says expert


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lauren feiner, christophe morin, getty images news, getty images
Keywords: news, cnbc, companies, video, users, affected, site, facebook, websites, issues, whatsapp, reported, outage, problems, hours, worldwide, instagram


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A ‘no-deal’ Brexit could hit 100,000 German jobs, study claims

A U.K. exit from the European Union (EU) with no pre-arranged deal could affect more than 100,000 jobs in Germany, according to a new academic study. Researchers assumed that British imports from the European Union would collapse by 25 percent following a contract-free exit. At that decline, the authors estimated around 612,000 employed people in 43 countries around the world would be affected. They then estimated that, in- terms of overall employment, Germany would be the worst hit of all the c


A U.K. exit from the European Union (EU) with no pre-arranged deal could affect more than 100,000 jobs in Germany, according to a new academic study. Researchers assumed that British imports from the European Union would collapse by 25 percent following a contract-free exit. At that decline, the authors estimated around 612,000 employed people in 43 countries around the world would be affected. They then estimated that, in- terms of overall employment, Germany would be the worst hit of all the c
A ‘no-deal’ Brexit could hit 100,000 German jobs, study claims Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: david reid, krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, worst, affected, nodeal, brexit, jobs, uk, countries, union, european, employed, german, study, claims, hit, 100000, germany


A 'no-deal' Brexit could hit 100,000 German jobs, study claims

A U.K. exit from the European Union (EU) with no pre-arranged deal could affect more than 100,000 jobs in Germany, according to a new academic study.

The Leibniz Institute for Economic Research Halle (IWH) and the Martin Luther University Halle-Wittenberg looked at the effect of a hard Brexit, breaking it down to the impact on countries, districts and cities.

Researchers assumed that British imports from the European Union would collapse by 25 percent following a contract-free exit. At that decline, the authors estimated around 612,000 employed people in 43 countries around the world would be affected.

They then estimated that, in- terms of overall employment, Germany would be the worst hit of all the countries that the U.K. trades with, offering a potential impact on more than 100,000 jobs.

The report, published last week, said that the motor industry is the sector most affected by Brexit, noting that in Germany alone around 15,000 people are employed solely to facilitate exports to the U.K.

Around 59,000 jobs servicing Chinese buying of U.K. imports would also be affected according to the study, although these would be related to intermediary companies rather than direct Chinese employees.

Relative to a country’s size, Ireland and Malta rate the worst with as many as 1 and 1.7 percent of people employed in those countries affected by a “no-deal” Brexit, respectively.

The prospect of the U.K. leaving the EU without a deal is a risk, especially after the British Parliament rejected a draft agreement reached between Prime Theresa May’s government and the European Union.

Britain is due to leave the 28-nation bloc at 11:00 p.m. GMT on March 29.


Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: david reid, krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, worst, affected, nodeal, brexit, jobs, uk, countries, union, european, employed, german, study, claims, hit, 100000, germany


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