Italy is no longer Europe’s problem child as France’s protest crisis grows

Italy was firmly in the spotlight — and on Europe’s naughty step — until recent weeks for its budget-busting spending plans but civil unrest in France is now dominating Europe’s attention. Riots, looting and vandalism plagued Paris and other cities at the weekend as France witnessed its fourth consecutive weekend of anti-government demonstrations that have made President Macron’s government look vulnerable. The unrest, coupled with political uncertainty in Europe – seen in Germany as Angela Merk


Italy was firmly in the spotlight — and on Europe’s naughty step — until recent weeks for its budget-busting spending plans but civil unrest in France is now dominating Europe’s attention. Riots, looting and vandalism plagued Paris and other cities at the weekend as France witnessed its fourth consecutive weekend of anti-government demonstrations that have made President Macron’s government look vulnerable. The unrest, coupled with political uncertainty in Europe – seen in Germany as Angela Merk
Italy is no longer Europe’s problem child as France’s protest crisis grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: holly ellyatt, andreas solaro, afp, getty images, emeric fohlen, nurphoto
Keywords: news, cnbc, companies, italy, protest, europe, crisis, weekend, longer, grows, child, lot, france, witnessed, unrest, problem, 2019, seen, frances, europes


Italy is no longer Europe's problem child as France's protest crisis grows

Italy was firmly in the spotlight — and on Europe’s naughty step — until recent weeks for its budget-busting spending plans but civil unrest in France is now dominating Europe’s attention.

Riots, looting and vandalism plagued Paris and other cities at the weekend as France witnessed its fourth consecutive weekend of anti-government demonstrations that have made President Macron’s government look vulnerable.

The unrest, coupled with political uncertainty in Europe – seen in Germany as Angela Merkel winds down her leadership and wider Europe ahead of European parliamentary elections in May 2019 – mean that Italy’s controversial 2019 budget should no longer be the main focus of attention in the region.

“Italy’s risks to the market, and even Europe, seems quite limited in the sense that you have a lot of safeguards in place and we’ve already seen a lot of risk-off in Italy,” Christian Mueller-Glissmann, Managing Director, Portfolio Strategy at Goldman Sachs, told CNBC on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: holly ellyatt, andreas solaro, afp, getty images, emeric fohlen, nurphoto
Keywords: news, cnbc, companies, italy, protest, europe, crisis, weekend, longer, grows, child, lot, france, witnessed, unrest, problem, 2019, seen, frances, europes


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Global Nutrition Report 2018: Malnutrition, obesity a global problem

It’s generally accepted that being overweight is a costly health care problem, but new data suggests that being undernourished is even more expensive. Around the world, malnutrition has become a problem that costs a staggering $3.5 trillion per year, according figures cited by the latest Global Nutrition Report, which gives a comprehensive analysis of food and nutrition issues each year. Although most countries have fallen short in their efforts to address poor nutrition and food insecurity, the


It’s generally accepted that being overweight is a costly health care problem, but new data suggests that being undernourished is even more expensive. Around the world, malnutrition has become a problem that costs a staggering $3.5 trillion per year, according figures cited by the latest Global Nutrition Report, which gives a comprehensive analysis of food and nutrition issues each year. Although most countries have fallen short in their efforts to address poor nutrition and food insecurity, the
Global Nutrition Report 2018: Malnutrition, obesity a global problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: laura galligan, william thomas cain, getty images
Keywords: news, cnbc, companies, overweight, report, malnutrition, obesity, global, nutrition, problem, things, health, hawkes, food, million, 2018


Global Nutrition Report 2018: Malnutrition, obesity a global problem

It’s generally accepted that being overweight is a costly health care problem, but new data suggests that being undernourished is even more expensive.

Around the world, malnutrition has become a problem that costs a staggering $3.5 trillion per year, according figures cited by the latest Global Nutrition Report, which gives a comprehensive analysis of food and nutrition issues each year. That sum dwarfs the costs of being overweight and obese, which the report’s authors tallied at $500 billion annually.

Although most countries have fallen short in their efforts to address poor nutrition and food insecurity, the United States appears to be badly off track on all its nutrition targets, the report found. The world’s largest economy continues to suffer from high rates of obesity, diabetes and anemia, according to the data, and has more than a million overweight children.

“Malnutrition is responsible for more ill-health than any other cause.The health consequences of overweight and obesity contribute to an estimated four million deaths globally,” Corinna Hawkes, co-chair of the Global Nutrition Report and director of the Center for Food Policy, wrote in the report.

The dire figures “call for immediate action,” Hawkes said. “The uncomfortable question is not so much ‘why are things so bad?,’ but ‘why are things not better when we know so much more than before?'”


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: laura galligan, william thomas cain, getty images
Keywords: news, cnbc, companies, overweight, report, malnutrition, obesity, global, nutrition, problem, things, health, hawkes, food, million, 2018


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MillerCoors, Pabst settle lawsuit over brewing contract

MillerCoors and Pabst Brewing settled a lawsuit Wednesday in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business. “We have reached an amicable settlement in the case and are pleased to resolve all outstanding issues with Pabst,” MillerCoors said in a statement. Pabst’s lawsuit sought more than $400 million in damages and a court order for MillerCoors to honor its contract. Anheuser-Busch doesn’


MillerCoors and Pabst Brewing settled a lawsuit Wednesday in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business. “We have reached an amicable settlement in the case and are pleased to resolve all outstanding issues with Pabst,” MillerCoors said in a statement. Pabst’s lawsuit sought more than $400 million in damages and a court order for MillerCoors to honor its contract. Anheuser-Busch doesn’
MillerCoors, Pabst settle lawsuit over brewing contract Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29
Keywords: news, cnbc, companies, lawsuit, pabst, company, million, settle, brewing, capacity, continue, millercoors, contract, problem, settlement, pabsts


MillerCoors, Pabst settle lawsuit over brewing contract

MillerCoors and Pabst Brewing settled a lawsuit Wednesday in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business.

The settlement came as jurors were ending their second day of deliberations after a two-week trial in Milwaukee County Circuit Court.

“We have reached an amicable settlement in the case and are pleased to resolve all outstanding issues with Pabst,” MillerCoors said in a statement. Settlement details were not disclosed.

Since 1999, Chicago-based MillerCoors has made and shipped nearly all of Pabst’s beers, which include Pabst Blue Ribbon, Old Milwaukee, Lone Star and Schlitz. Pabst’s lawyers argued in the company’s 2016 lawsuit that MillerCoors worried that Pabst would cut into its market share and devised a plan to stop brewing for the smaller competitor. MillerCoors’ attorneys called Pabst’s claim a conspiracy theory and said the company was simply deciding what makes economic sense.

The agreement between MillerCoors and Pabst, which was founded in Milwaukee in 1844 but is now headquartered in Los Angeles, expires in 2020 but provides for two possible five-year extensions. The companies disagreed on how the extensions were to be negotiated: MillerCoors argued it had sole discretion to determine whether it can continue brewing for Pabst, whereas Pabst said the companies must work “in good faith” to find a solution if Pabst wanted to extend the agreement but MillerCoors lacked capacity.

However, Pabst said internal documents from MillerCoors showed the company was worried about competition from Pabst and went as far as hiring a consultant to find a way to get out of the brewing agreement.

“They decided upon the solution before determining their sufficient capacity,” Adam Paris, one of Pabst’s lawyers, said during closing arguments Tuesday. “Their problem wasn’t a capacity problem. Their problem was a financial problem.”

Pabst needs 4 million to 4.5 million barrels brewed annually and claims MillerCoors is its only option. Pabst’s lawsuit sought more than $400 million in damages and a court order for MillerCoors to honor its contract.

MillerCoors’ attorney, Eric Van Vugt, told jurors that Pabst presented them with “a tale of conspiracy and deceit that frankly is pretty compelling,” but not true.

“Most of what you heard is a complete distortion of the evidence. It was taken out of context, the facts were distorted, keywords dropped,” he said.

MillerCoors and Anheuser-Busch, which have the biggest U.S. market share at 24.8 percent and 41.6 percent, respectively, have been losing business to smaller independent brewers, imports, and wine and spirits in recent years, according to the Brewers Association, a U.S.-based trade group. Overall U.S. beer sales have declined, with shipments down from 213.1 million barrels in 2008 to 204.2 million in 2017, according to the association.

Anheuser-Busch doesn’t do contract brewing, leaving MillerCoors as the only U.S. brewery with the capacity to make Pabst’s beers.

During contract-extension negotiations in 2015, MillerCoors announced it would close its brewing facility in Eden, North Carolina, and that it eventually might have to shutter another facility in Irwindale, California. Pabst contended that MillerCoors refused to provide any information to substantiate its claim that it would no longer have the capacity to continue brewing Pabst’s beers.

MillerCoors’ attorneys said at trial the company was obligated to project its future capacity to determine whether it could continue its partnership with Pabst, and that it always intended to keep brewing for Pabst until the expiration of the contract, which included a two-year wind-down provision. That meant MillerCoors would still brew for Pabst through 2022.


Company: cnbc, Activity: cnbc, Date: 2018-11-29
Keywords: news, cnbc, companies, lawsuit, pabst, company, million, settle, brewing, capacity, continue, millercoors, contract, problem, settlement, pabsts


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China loves the NFL but football chiefs have a problem

Attempts by the NFL to win more fans in China is being held back by one major problem — a lack of games. Richard Young, the managing director of NFL China, told CNBC Wednesday that with each U.S. franchise only holding an inventory of eight regular season home games it would be difficult to give any away to an overseas audience. Until that time, it’s logistically very difficult,” he told CNBC’s Arjun Kharpal at the East West Tech conference in the Nansha district of Guangzhou, China. Young added


Attempts by the NFL to win more fans in China is being held back by one major problem — a lack of games. Richard Young, the managing director of NFL China, told CNBC Wednesday that with each U.S. franchise only holding an inventory of eight regular season home games it would be difficult to give any away to an overseas audience. Until that time, it’s logistically very difficult,” he told CNBC’s Arjun Kharpal at the East West Tech conference in the Nansha district of Guangzhou, China. Young added
China loves the NFL but football chiefs have a problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: david reid, elsa, getty images
Keywords: news, cnbc, companies, told, games, major, nfl, chiefs, loves, difficult, china, regular, problem, season, football, young


China loves the NFL but football chiefs have a problem

Attempts by the NFL to win more fans in China is being held back by one major problem — a lack of games.

Richard Young, the managing director of NFL China, told CNBC Wednesday that with each U.S. franchise only holding an inventory of eight regular season home games it would be difficult to give any away to an overseas audience.

“I think when you can fly between New York and Shanghai in an hour and a half, then we can do that. Until that time, it’s logistically very difficult,” he told CNBC’s Arjun Kharpal at the East West Tech conference in the Nansha district of Guangzhou, China.

Young added that unlike other sports, pre-season NFL games would not be attractive.

“Because of the physicality in our game, it makes exhibition games less compelling.”

The NFL has been a major American sport since the 1920s but has upped efforts in recent years to gain an audience abroad. Regular season games at Wembley Stadium in London have proved popular, leading to increased speculation that China will be next.

Young said he expected that will happen at some point but confirmed to CNBC that the 2019 fixture list would not include a trip to China.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: david reid, elsa, getty images
Keywords: news, cnbc, companies, told, games, major, nfl, chiefs, loves, difficult, china, regular, problem, season, football, young


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Facebook has a ‘black people problem,’ says former employee who quit this month

A former Facebook employee accused the company of having “a black people problem” in a note published publicly on Tuesday on the social network. Mark Luckie, who is black, said Facebook’s population of black employees is not representative of its black user base. “In some buildings, there are more ‘Black Lives Matter’ posters than there are actual black people. Another former Facebook employee who left the company recently and is also a minority told CNBC that Luckie’s note was “unfortunately no


A former Facebook employee accused the company of having “a black people problem” in a note published publicly on Tuesday on the social network. Mark Luckie, who is black, said Facebook’s population of black employees is not representative of its black user base. “In some buildings, there are more ‘Black Lives Matter’ posters than there are actual black people. Another former Facebook employee who left the company recently and is also a minority told CNBC that Luckie’s note was “unfortunately no
Facebook has a ‘black people problem,’ says former employee who quit this month Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: salvador rodriguez, saul loeb, afp, getty images
Keywords: news, cnbc, companies, facebook, month, luckie, employee, black, told, facebooks, problem, note, quit, employees, diversity


Facebook has a 'black people problem,' says former employee who quit this month

A former Facebook employee accused the company of having “a black people problem” in a note published publicly on Tuesday on the social network.

Mark Luckie, who is black, said Facebook’s population of black employees is not representative of its black user base.

“There is often more diversity in Keynote presentations than the teams who present them,” Luckie wrote in the note, which he originally shared with Facebook employees on Nov. 8.

“In some buildings, there are more ‘Black Lives Matter’ posters than there are actual black people. Facebook can’t claim that it is connecting communities if those communities aren’t represented proportionately in its staffing.”

Luckie’s note provides an inside look at what it’s like to be black inside of Facebook, but it is not the first time Facebook’s lack of diversity has been exposed.

“You can build something that works, that people want to use, but you can’t actually make all the right decisions if among the builders there’s not enough diversity and perspective,” Facebook’s head of diversity Maxine Williams told CNBC in July.

Among the highlights in Luckie’s note are anecdotes he shares about how he and other employees of color are treated by their fellow colleagues.

“On a personal note, at least two or three times a day, every day, a colleague at MPK [Facebook headquarters in Menlo Park] will look directly at me and tap or hold their wallet or shove their hands down their pocket to clutch it tightly until I pass,” Luckie wrote.

Another former Facebook employee who left the company recently and is also a minority told CNBC that Luckie’s note was “unfortunately not surprising.”

“Facebook touts diversity and inclusion as though it’s a marketing opportunity, and perhaps it is genuinely meaningful to them on its face,” the former employee told CNBC. “But when it comes to tactical, day-to-day integration of their stock ‘unconscious bias’ training, it proves to still be a group of exceedingly privileged white people making similarly biased and discriminatory choices as other white leaders in the industry.”

Luckie’s note comes at a trying time for Facebook, which is already under the microscope for its handling of Russian interference in U.S. elections and the spread of misinformation on its service as well as stagnating and declining user growth in key markets.

“To feel like an oddity at your own place of employment because of the color of your skin while passing posters reminding you to be your authentic self feels in itself inauthentic,” Luckie wrote.

Facebook did not immediately respond to a request for comment.

Here’s the full note:


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: salvador rodriguez, saul loeb, afp, getty images
Keywords: news, cnbc, companies, facebook, month, luckie, employee, black, told, facebooks, problem, note, quit, employees, diversity


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Facebook VP says antitrust regulation will not fix its problems

Facebook refused to entertain the idea of antitrust regulation of during a hearing in the U.K. on Tuesday with representatives from nine governments. Instead, Facebook’s vice president of policy solutions, Richard Allan, showed up to answer questions next to an empty chair with Zuckerberg’s name on a placard. “What we’re regulating … are the symptoms,” said Angus, vice chairman of the House of Commons’ standing committee on access to information, privacy and ethics. In response to the question


Facebook refused to entertain the idea of antitrust regulation of during a hearing in the U.K. on Tuesday with representatives from nine governments. Instead, Facebook’s vice president of policy solutions, Richard Allan, showed up to answer questions next to an empty chair with Zuckerberg’s name on a placard. “What we’re regulating … are the symptoms,” said Angus, vice chairman of the House of Commons’ standing committee on access to information, privacy and ethics. In response to the question
Facebook VP says antitrust regulation will not fix its problems Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: lauren feiner, soeren stache, picture alliance, getty images
Keywords: news, cnbc, companies, regulation, youre, facebook, facebooks, angus, problems, problem, antitrust, vp, vice, hearing, world, fix


Facebook VP says antitrust regulation will not fix its problems

Facebook refused to entertain the idea of antitrust regulation of during a hearing in the U.K. on Tuesday with representatives from nine governments.

Canadian representative Charlie Angus concluded the hearing with a fiery exchange with a Facebook vice president, and suggested the company get to what he saw as the heart of the issue — Facebook’s dominance in social media.

CEO Mark Zuckerberg declined to attend the hearing, despite the representatives’ repeated insistence. Instead, Facebook’s vice president of policy solutions, Richard Allan, showed up to answer questions next to an empty chair with Zuckerberg’s name on a placard.

“What we’re regulating … are the symptoms,” said Angus, vice chairman of the House of Commons’ standing committee on access to information, privacy and ethics. “Perhaps the best regulation would be antitrust.”

Angus said the problem lies in the fact that people who want to use a social media platform other than Facebook often only have the option of another Facebook-owned service like WhatsApp or Instagram. He said the lack of competition allows Facebook to shy away from accountability for its platforms. Angus suggested breaking up the company or even making it like a public utility.

In response to the question of whether Facebook would entertain discussion of antitrust regulation, Allan said, “It depends on the problem we’re trying to solve.”

“The problem is Facebook,” Angus replied.

Allan responded, “Unless you’re going to turn off the internet, I’m not confident that people, the people we serve, you serve, would be better off, in a world where Facebook is not able, however imperfectly, to offer services where we spend 15 years learning how to do it.”

Angus said he was not suggesting to turn off the internet, but that antitrust may be a way for governments to hold Facebook to corporate accountability standards.

The Canadian representative also brought up Facebook’s dominance over the news cycle and its failure to deliver accurate metrics in the earlier days of its video product.

“You are the arbiter right now of the news cycle around the world because of your video metrics,” Angus said. “And what we learned in 2014 you became aware they were highly inflated and did nothing. Now you can say you’re on a learning path and a journey and you might get back to us. I would consider that corporate fraud on a massive scale.”

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Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: lauren feiner, soeren stache, picture alliance, getty images
Keywords: news, cnbc, companies, regulation, youre, facebook, facebooks, angus, problems, problem, antitrust, vp, vice, hearing, world, fix


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US-China trade fight will still be a problem for markets after G-20 summit, economist says

The possible impact of the trade war on the US economy 7 Hours Ago | 02:54U.S. and China trade tensions are likely to continue and make trouble for markets after the G-20 summit, expects Marie Owens Thomsen, global chief economist at Indosuez Wealth Management. “The Congress has given executive authority to the president to negotiate without necessarily asking the Congress each and every time, and as long as that sort of delegated power sits with the president, I feel it (trade) will continue to


The possible impact of the trade war on the US economy 7 Hours Ago | 02:54U.S. and China trade tensions are likely to continue and make trouble for markets after the G-20 summit, expects Marie Owens Thomsen, global chief economist at Indosuez Wealth Management. “The Congress has given executive authority to the president to negotiate without necessarily asking the Congress each and every time, and as long as that sort of delegated power sits with the president, I feel it (trade) will continue to
US-China trade fight will still be a problem for markets after G-20 summit, economist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: kavita chandran, -marie owens thomsen, global chief economist, indosuez wealth management
Keywords: news, cnbc, companies, problem, congress, president, world, china, wealth, summit, economist, continue, uschina, trade, markets, fight, thomsen, economy, g20


US-China trade fight will still be a problem for markets after G-20 summit, economist says

The possible impact of the trade war on the US economy 7 Hours Ago | 02:54

U.S. and China trade tensions are likely to continue and make trouble for markets after the G-20 summit, expects Marie Owens Thomsen, global chief economist at Indosuez Wealth Management.

“The Congress has given executive authority to the president to negotiate without necessarily asking the Congress each and every time, and as long as that sort of delegated power sits with the president, I feel it (trade) will continue to be a theme as we go forward,” Thomsen told CNBC’s Nancy Hungerford. “Unfortunately, I think that in all probability, trade will continue to be one of the favorite battle horses of this administration.”

Thomsen said a trade agreement between the U.S. and China is essential to stock markets and the world economy.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: kavita chandran, -marie owens thomsen, global chief economist, indosuez wealth management
Keywords: news, cnbc, companies, problem, congress, president, world, china, wealth, summit, economist, continue, uschina, trade, markets, fight, thomsen, economy, g20


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Bill Gates: It would be tragic if U.S. doesn’t lead in innovation for cutting emissions

Bill Gates said it would be unfortunate to see the U.S. miss out on the economic opportunity related to cutting greenhouse gas emissions. Harder said renewable energy sources like wind and solar, and electric car companies like Tesla, generate headlines. Gates pointed out that electricity is just one of a few things that create emissions. “A lot of people think, OK, renewable energy, wind and solar, has gotten a lot cheaper, isn’t that it?” Gates said it’s not well understood how hard it will be


Bill Gates said it would be unfortunate to see the U.S. miss out on the economic opportunity related to cutting greenhouse gas emissions. Harder said renewable energy sources like wind and solar, and electric car companies like Tesla, generate headlines. Gates pointed out that electricity is just one of a few things that create emissions. “A lot of people think, OK, renewable energy, wind and solar, has gotten a lot cheaper, isn’t that it?” Gates said it’s not well understood how hard it will be
Bill Gates: It would be tragic if U.S. doesn’t lead in innovation for cutting emissions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: jordan novet, lacy otoole
Keywords: news, cnbc, companies, solar, sources, gates, tragic, lead, cutting, bill, global, innovation, emissions, unless, things, doesnt, problem, renewable, wind, solve


Bill Gates: It would be tragic if U.S. doesn't lead in innovation for cutting emissions

Bill Gates said it would be unfortunate to see the U.S. miss out on the economic opportunity related to cutting greenhouse gas emissions.

Gates, a cofounder of Microsoft, is among the world’s most prominent climate advocates, in addition to his work around preventing infectious diseases and other causes. On Sunday he shared some of his thoughts on global warming in an interview on the HBO show “Axios.”

“It’s very American to invent things to help the entire world. We’re always on the front of new science and new product development. So it would be tragic if this was the first time the U.S. didn’t play that role,” Gates told Axios journalists Ina Fried and Amy Harder.

Certainly there is some industry activity that could make a difference. Harder said renewable energy sources like wind and solar, and electric car companies like Tesla, generate headlines. Gates pointed out that electricity is just one of a few things that create emissions.

“A lot of people think, OK, renewable energy, wind and solar, has gotten a lot cheaper, isn’t that it?” Gates said. “Well, electricity is only a quarter of the problem. In fact, we’ve got to solve the entire 100 percent. You know, unless somebody has the pie in their mind that, okay, electricity’s 25 percent, agriculture’s 24 percent, transport’s 14 percent, unless they start with that, we’re not really talking about the same problem.”

Manufacturing and buildings also generate greenhouse gases, Gates has said.

“We’re very far away from getting all these sources down to zero, which is what we have to do to solve this problem,” said Gates, who sits on Microsoft’s board and owns 1.35 percent of Microsoft’s outstanding shares, according to FactSet.

Gates said it’s not well understood how hard it will be to bring down emissions. He is a leader of the recently announced Global Commission on Adaptation, which is meant to “catalyze a new global movement to bring scale and speed to climate adaptation solutions.”

WATCH: Gates: Tech companies can handle regulation


Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: jordan novet, lacy otoole
Keywords: news, cnbc, companies, solar, sources, gates, tragic, lead, cutting, bill, global, innovation, emissions, unless, things, doesnt, problem, renewable, wind, solve


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That new car smell isn’t so popular in China where Ford snuffs it out

There’s something about that smell, that new car smell, said Jeff Diesing a sales consultant at Chelsea Chevrolet Buick outside of Ann Arbor, Michigan. The smell of a new car is, in fact, so popular with some motorists that several companies simulate it with an air freshener spray. There are some folks who aren’t quite as enamored of the smell, however, especially in China. Fully 10 percent of buyers in China complained about the odors they found in their new cars, according to the 2018 J.D. Com


There’s something about that smell, that new car smell, said Jeff Diesing a sales consultant at Chelsea Chevrolet Buick outside of Ann Arbor, Michigan. The smell of a new car is, in fact, so popular with some motorists that several companies simulate it with an air freshener spray. There are some folks who aren’t quite as enamored of the smell, however, especially in China. Fully 10 percent of buyers in China complained about the odors they found in their new cars, according to the 2018 J.D. Com
That new car smell isn’t so popular in China where Ford snuffs it out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-24  Authors: paul a eisenstein, thinkstock images, getty images
Keywords: news, cnbc, companies, diesing, china, ford, research, car, long, air, popular, snuffs, isnt, smell, problem, buyers, volkswagen


That new car smell isn't so popular in China where Ford snuffs it out

There’s something about that smell, that new car smell, said Jeff Diesing a sales consultant at Chelsea Chevrolet Buick outside of Ann Arbor, Michigan.

To people shopping for a new car, it’s almost like they’re sniffing the turkey as it cooks in the oven on Thanksgiving Day, he said.

“It’s very distinctive and, in general, most people like it,” said Diesing, as he got ready for the action to begin on a Black Friday that was expected to be one of the busiest days of the year for suburban Detroit dealership.

The smell of a new car is, in fact, so popular with some motorists that several companies simulate it with an air freshener spray. “Now you can sustain that same scent and feeling for as long as you own your car,” proclaims the Chemical Guys website.

There are some folks who aren’t quite as enamored of the smell, however, especially in China. Some companies, like Ford, are going to great lengths to eliminate the smell, which is comprised of a combination of chemicals that some say may not be all that healthy to breathe in any way.

Fully 10 percent of buyers in China complained about the odors they found in their new cars, according to the 2018 J.D. Power China Initial Quality Study.

“Unpleasant interior smell/odor remains the top industry problem in that market,” said Brent Gruber, senior director, global automotive, at J.D. Power. “To put that in context, it is nearly double the problem rate of the second-most prevalent problem, excessive fuel consumption.”

So, Ford, which is struggling to catch up to rivals like General Motors and Volkswagen that dominate the huge Chinese market, has submitted a new method for eliminating the new car smell to the U.S. Patent and Trademark Office. Officially dubbed a “vehicle odor remediation” system, it literally bakes the smell out of a vehicle.

Ford already has an entire department in China charged with sniffing out scents that might offend the sensibilities of Chinese motorists. But it’s not unique. Volkswagen, some years back, created a department charged with figuring out how to create just the right sort of smells that would appeal to its buyers. As the issue with China shows, however, that can be a challenge, as what appeals to the nose in one country can send consumers racing to find fresh air somewhere else.

Complicating matters, that new car smell might be appealing to many buyers, but there’s a growing body of evidence that it isn’t all that good for you.

“Automobiles function as chemical reactors, creating one of the most hazardous environments we spend time in,” said Jeff Gearhart, research director at the Ecology Center.

What you’re actually smelling when you climb into a new vehicle is a combination of odors from things like adhesives and the fabrics in the car’s seats and carpet. In all, your nose might pick up as many as 50 or more volatile organic compounds, or VOCs, and, according to research by the Ecology Center, some other, not very nice, materials, like bromine and antimony — the latter used by some manufacturers as a flame retardant — as well as chromium found in tanned leathers.

A 2001 study by Australia’s Commonwealth Scientific and Industrial Research Organisation, or CSIRO, found anecdotal evidence that the VOCs found in a new car can cause headaches, irritation, even disorientation, but manufacturers have long debated such claims.

That said, some carmakers are have already taken steps to eliminate these compounds, and salesperson Diesing said that he has noticed that many new vehicles don’t have quite as much of that distinct new car smell anymore. One reason is that some automakers have been switching to renewable materials, such as soy, for interior finishes, and they don’t produce those VOCs.

Whether you like or hate the smell of a new car the reality is that it doesn’t last long: studies have shown the chemicals that cause the distinctive scent diminish at a rate of about 20 percent a week. So, unless you order a can of scented air freshener, the odor will be gone not long after you make your second car payment.


Company: cnbc, Activity: cnbc, Date: 2018-11-24  Authors: paul a eisenstein, thinkstock images, getty images
Keywords: news, cnbc, companies, diesing, china, ford, research, car, long, air, popular, snuffs, isnt, smell, problem, buyers, volkswagen


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GM under investigation for faulty brake vacuum pumps

The U.S. government is investigating more than 100 complaints of poor brake performance on 2.7 million General Motors big pickups and SUVs. The National Highway Traffic Safety Administration says a brake vacuum pump can deteriorate, causing increased braking effort and longer stopping distances. The investigation covers 2014 through 2016 Chevrolet Silverado and GMC Sierra pickups. GM is monitoring complaints and warranty claims about the brakes and is working with NHTSA to evaluate them, spokesm


The U.S. government is investigating more than 100 complaints of poor brake performance on 2.7 million General Motors big pickups and SUVs. The National Highway Traffic Safety Administration says a brake vacuum pump can deteriorate, causing increased braking effort and longer stopping distances. The investigation covers 2014 through 2016 Chevrolet Silverado and GMC Sierra pickups. GM is monitoring complaints and warranty claims about the brakes and is working with NHTSA to evaluate them, spokesm
GM under investigation for faulty brake vacuum pumps Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: jeff kowalsky, bloomberg, getty images
Keywords: news, cnbc, companies, faulty, vacuum, recall, complaints, gm, performance, gmc, problem, suvsthe, brake, pickups, wilkinson, investigation, pumps, chevrolet


GM under investigation for faulty brake vacuum pumps

The U.S. government is investigating more than 100 complaints of poor brake performance on 2.7 million General Motors big pickups and SUVs.

The National Highway Traffic Safety Administration says a brake vacuum pump can deteriorate, causing increased braking effort and longer stopping distances.

The agency has 111 consumer complaints including nine crashes and two injuries.

The investigation covers 2014 through 2016 Chevrolet Silverado and GMC Sierra pickups. Also involved are Chevrolet Suburban and Tahoe, the GMC Yukon and Cadillac Escalade SUVs.

The agency will determine how often the problem happens and whether a recall is necessary.

GM is monitoring complaints and warranty claims about the brakes and is working with NHTSA to evaluate them, spokesman Tom Wilkinson said Friday.

Any owner who has a problem with brake performance should have them examined by a GM dealer or independent repair shop, Wilkinson said.

They should keep receipts because they could be reimbursed for repairs if there is a recall, he added.


Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: jeff kowalsky, bloomberg, getty images
Keywords: news, cnbc, companies, faulty, vacuum, recall, complaints, gm, performance, gmc, problem, suvsthe, brake, pickups, wilkinson, investigation, pumps, chevrolet


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