looms

Phil Murphy Takes a Stand with Workers as East Coast Port Shutdown Looms in Just Four Days

NEWARK, NJ – New Jersey Governor Phil Murphy has officially weighed in on the escalating labor tensions between dockworkers and shipping operators, taking a strong pro-labor stance just days before a possible strike that could cripple East Coast and Gulf ports. Murphy didn’t mince words when he expressed his disagreement with a statement released by the United States Maritime Alliance (USMX), which he believes contradicts the longshoremen’s claims of trying to negotiate in good faith. While Murphy made it clear that he’s standing with the workers, supporting both unions and fair negotiations, he didn’t offer any groundbreaking solutions to prevent

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As Gas Car Ban Looms, New Jersey Ranked Worst State for Electric Vehicle Chargers

New Jersey, despite its aggressive electric vehicle (EV) adoption policies, ranks last in the nation in terms of the availability of EV charging stations per vehicle, according to recent data from ConsumerAffairs. The state, which plans to ban new gas-powered vehicles by 2035, has only 16 charging stations available per 1,000 registered EVs. While New Jersey has a high level of EV adoption with over 87,000 registered electric vehicles, it struggles to meet the demand with adequate charging infrastructure. This shortfall places New Jersey at the bottom of a list that also includes Nevada, California, Arkansas, and Hawaii in terms

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As Gas Car Ban Looms, Poll Shows Most in New Jersey Don’t Want to Buy an EV

NEW BRUNSWICK, NJ—A significant number of New Jersey residents are expressing concerns over the economic implications of the state’s plan to phase out new gas-powered vehicles by 2035, a recent Rutgers-Eagleton Poll reveals. Despite recognizing the environmental and health benefits of electric vehicles (EVs), half of the state’s populace does not support the Advanced Clean Car II (ACCII) program initiated by Governor Murphy last November. The poll, conducted in December, showed that while 58% of respondents believe the policy will improve the state’s air quality and 51% foresee a positive impact on health, economic concerns are prominent. Thirty percent of

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Israel Limits Gatherings, Bars Education Activities As Iran Threat Looms

Israeli officials canceled school trips and other activities Saturday due to heightened concerns about an attack from Iran, according to the Israel Defense Forces (IDF). Gatherings and workplaces were also restricted along the confrontation line and in certain parts of the Gaza Envelope, containing the southern districts of Israel, according to an announcement made on X, formerly Twitter. Gatherings outdoors must be no larger than 100 people in the Gaza Envelope and events indoors must be under 300, according to the announcement. Rear Admiral Daniel Hagari, Israel’s chief military spokesperson, said that Israel’s combat planes were airborne as a precaution,

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Top US General To Visit Israel, Coordinate Plans As Iran Retaliation Threat Looms: REPORT

A high-level U.S. general is set to visit Israel on Thursday and coordinate defense plans against a looming attack threat from Iran, Axios reported on Wednesday. Israel launched targeted airstrikes on an Iranian diplomatic consulate in Damascus, Syria, last week and killed several members of the Islamic Revolutionary Guard Corp (IRGC), including a senior general of the Quds Force. Iran has promised retaliation against Israel — though Tehran’s plans aren’t currently known — and the U.S. has been helping Israel prepare for a defensive, Axios reported, citing U.S. and Israeli officials. Gen. Erik Kurilla, commander of the U.S. Central Command (CENTCOM),

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Illegal Migrants Are Double Timing It Over US-Canada Border As 2024 Election Looms

Illegal immigrants hailing from India are pouring across the U.S.’ northern border at a rapidly increasing rate as 2024’s high-stakes presidential election approaches. The U.S.-Canada border has become a popular crossing point for illegal migrants due to the vast number of easy entry points and a lack of physical barriers, which are more common at the southern border. The percentage of Indian migrants crossing the northern border has skyrocketed; there were 1,872 Border Patrol apprehensions in fiscal year 2023, compared to just 42 in fiscal year 2021, representing a 4357% increase, according to U.S. Customs and Border Protection (CBP) data.

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Dems Are Quietly Telling Biden Admin To Churn Out Regulations At Breakneck Speed As 2024 Election Looms

Democrats in Congress are encouraging the Biden administration to quickly enact a slew of far-reaching regulations ahead of the 2024 presidential election, according to Punchbowl News. The Biden administration has pursued an aggressive regulatory agenda to implement President Joe Biden’s political priorities, including measures to encourage the production of more electric vehicles, forgive student loans, restrict “junk fees” by service providers and ban non-competition clauses in contracts, among many others. Amid concerns that Biden may not win the election against former President Donald Trump, the presumptive Republican nominee, Democrats have been encouraging the administration to finalize rules as soon as

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Bidenomics Going Bust? Unemployment Is Rapidly Rising In Most US States As Election Looms

The unemployment rate went up in all but three states over the past year as President Joe Biden continues to boast about his handling of the economy. The states with the biggest jump in individual unemployment rates year-over-year as of February were Rhode Island, Maine and Connecticut, which all increased 1% or greater, while Massachusetts, Pennsylvania and Wyoming were the only states that saw statistically significant declines, according to data from the Bureau of Labor Statistics (BLS). Biden has made repeated attempts to convince voters of the strength of the American economy despite factors like persistently high inflation, such as

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Wife of New Jersey Governor Drops Out of Senate Race as Line Battle Looms

TRENTON, NJ – With the party line on the line in the state of New Jersey, the wife of Governor Phil Murphy, Tammy has dropped out of the race for U.S. Senate as her opponent, Andy Kim took aim at the governor’s coveted ‘party line’. New Jersey First Lady Tammy Murphy announced her withdrawal from the U.S. Senate race to succeed Senator Robert Menendez amid his federal corruption charges. Murphy, in a video message, expressed her reluctance to engage in a divisive campaign against fellow Democrats. She emphasized the high stakes involved with the upcoming election and Donald Trump’s presence

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First Maritime Aid Shipments Arrive On Gaza’s Shores As Hamas Threat Looms Nearby

First Maritime Aid Shipments Arrive On Gaza’s Shores As Hamas Threat Looms Nearby Jake Smith on March 16, 2024 The first maritime humanitarian aid shipments arrived in Gaza on Friday and Saturday amid concerns that Hamas may hinder the distribution of the cargo, according to Politico. A vessel deployed from Cyprus carrying 200 tons of food and supplies arrived at a makeshift dock in Gaza on Friday, one of the first of many such shipments to be made via a maritime corridor from the international community and the U.S., according to The Hill. The news comes alongside concerns that Hamas terrorists

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Governor Murphy Says “No Secret Sauce” as Immigration Crisis Looms

TRENTON, NJ – New Jersey Governor Phil Murphy recently touted his record on immigration and the Garden State’s status as a bonafide sanctuary state. This week, New York City Mayor Adams said the city will soon enforce tighter restrictions on housing illegal migrants. Those migrants will be sent elsewhere under the city’s new budget. Across the Hudson, displaced migrants in New York City could make the trek across another river to find sanctuary, and New Jersey Governor Phil Murphy has been offering it since taking office. Murphy has previously said no other state has done more for the immigrant population

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Liberals Start Nudging Aging Supreme Court Justice Toward The Door As Possible Second Trump Admin Looms

Liberals Start Nudging Aging Supreme Court Justice Toward The Door As Possible Second Trump Admin Looms Katelynn Richardson on March 9, 2024 Some liberals are beginning to publically voice the opinion that 69-year old Supreme Court Justice Sonia Sotomayor should retire before the 2024 election to open up her seat for a younger Democratic appointee. Enabling President Joe Biden to appoint a younger liberal justice now would head-off the possibility of a 7-2 conservative majority, should former President Donald Trump return to the White House in 2024, multiple liberal columnists argued this week. The arguments echo similar calls from early

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Kerry: Trump can’t stop green energy revolution, but China coal threat looms

By Julia Payne and America Hernandez PARIS – A re-elected Donald Trump won’t stop renewable energy deployment, but could reverse anti-coal diplomacy efforts, U.S. Special Presidential Envoy for Climate John Kerry said on Tuesday at the International Energy Agency ministerial gathering. “Even when President Trump was there for those 4 years, 75% of our new electricity came from renewables because we had portfolio laws in the 37 states that required the deployment of renewables … so whatever happens, that’s not going to change the direction we’re moving in,” Kerry said. “This revolution is happening … notwithstanding the hiccup of the farmers’

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IMF debt dilemma looms after Pakistan election – former cenbank governor

LONDON (Reuters) – The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country’s debt situation, a former central bank governor of the South Asian nation said. The country, which is operating under a caretaker government, secured a $3 billion loan programme with IMF in July that helped pull the cash-strapped nation back from the brink of a sovereign debt default. However, the programme was a nine-month standby arrangement, set to expire this spring. “The IMF will have to decide whether to pull the plug on Pakistan or

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Love him or loathe him, voters agree: Trump looms large in Iowa

By Tim Reid and Nathan Layne DES MOINES, Iowa (Reuters) – Inside a packed cafe in Iowa’s capital Des Moines, Dave Brommel says he has been thinking about Monday night’s Iowa caucuses ever since Democratic President Joe Biden won the 2020 election. Brommel, a retired U.S. Air Force veteran, blames Biden for the high costs of food and gasoline. He thinks Republicans do a better job of taking care of military veterans. When he takes part in the first-in-the-nation nominating contest, Brommel, 69, said he will do everything he can to persuade fellow voters that former President Donald Trump is

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As New Jersey Gas Car Ban Looms, Officials Announce EV Battery Recycling Plan

TRENTON, NJ – New Jersey legislature has passed the pioneering Electric and Hybrid Vehicle Battery Management Act (S3723/A5365), establishing a comprehensive system for lithium-ion vehicle battery recycling. This legislation, led by Senator Bob Smith, aims to create a sustainable and innovative approach to managing EV batteries. The Act covers collection, transportation, remanufacturing, reuse, recycling, and proper disposal of batteries from electric and hybrid vehicles. The initiative is part of New Jersey’s strategy to foster a circular economy for EV batteries. It focuses on keeping batteries out of landfills, reusing materials to reduce new battery costs, creating jobs, and decreasing dependence

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Marketmind: Rally fades, Bank of Japan looms into view

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asia kicks off the last full trading week of 2023 on Monday, with the U.S. Federal Reserve-fueled surge in risk appetite from last week losing steam and investors gearing up for the last major central bank meeting of the year from Japan. The Bank of Japan’s policy decision on Tuesday is the main event in Asia this week, and investors also have rate decisions from the People’s Bank of China and Bank Indonesia, Reserve Bank of Australia meeting minutes, and Japanese consumer price inflation to navigate.

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Taiwan again reports Chinese carrier group in Taiwan Strait as election looms

TAIPEI (Reuters) – Taiwan’s military sent forces to watch a Chinese naval formation, led by the aircraft carrier Shandong, sailing through the Taiwan Strait on Monday, Taiwan’s defence ministry said, as Beijing keeps up pressure ahead of elections next month. The Shandong, commissioned in 2019, last transited the sensitive strait in early November. The latest sailing comes about one month before presidential and parliamentary elections on the island. The ministry said in a statement that the formation sailed south through the strait but kept to the western side of the waterway’s median line – the Chinese side of the unofficial

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Invesco positive on Asian credit in 2024 as Fed pause looms

By Anisha Sircar (Reuters) – Global asset manager Invesco expects better returns from Asian credit markets in 2024 compared with the last two years as bets rise that the U.S. Federal Reserve will pause its interest rate hiking cycle. Asian investment-grade corporate bonds “will return in mid-teen percentages,” on average, as the Fed holds off on further rate rises, Freddy Wong, head of Asia Pacific at Invesco Fixed Income, told the Reuters Global Markets Forum (GMF). Wong expected Asian credit markets to broadly offer high single-digit to low double-digit returns in 2024. Research from Bank of America showed investors have

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Israeli grandfather’s anxiety peaks as Gaza hostage release looms

By Janis Laizans KIBBUTZ GVULOT, Israel (Reuters) – Exhausted by weeks of worry and vigils, Gilad Korngold drew just a measure of comfort from the foreign-mediated deal between Israel and Hamas to return some hostages held in the Gaza Strip. He still awaits word that any of his seven relatives, including his three-year-old granddaughter, who were seized by Palestinian gunmen during an Oct 7 killing spree in south Israel, are named on the list of 50 women and children slated to go free, possibly as soon as Thursday. Korngold’s son, Tal, would presumably not qualify. His daughter-in-law Adi and grandchildren

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Analysis-Iran enriches more uranium as Gaza war rages, US vote looms

By John Irish, Arshad Mohammed and Francois Murphy PARIS/WASHINGTON/VIENNA (Reuters) – The United States and its allies have few routes left to rein in Iran’s nuclear work with prospects for talks long buried and tougher actions against Tehran running the risk of stoking tensions in a region already enflamed by the Gaza war. With a U.S. election next year limiting Washington’s room for manoeuvre, four serving and three former diplomats painted a bleak picture of efforts to curb Iran’s nuclear programme, which according to U.N. nuclear watchdog reports continues to advance. The diplomats spoke to Reuters on condition of anonymity.

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Marketmind: Markets buoyant, but weekend fade looms

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are poised to round off a positive week on a more subdued note on Friday, with concerns over world growth countering any optimism from another slide in U.S. Treasury yields and global oil prices. The Asia Pacific economic data and policy calendar on Friday is very light, with only Malaysian third quarter GDP and current account reports scheduled for release. Malaysia’s economy probably grew at a 3.0% annual rate in the July-September period, according to a Reuters poll,

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As Exxon eyes lithium, crucial decision looms on filtration technology

By Ernest Scheyder LOS ANGELES (Reuters) – Exxon Mobil has yet to decide which lithium filtration technology it will deploy as part of its aggressive plans to become one of the world’s top producers of the metal used to make electric vehicle (EV) batteries, an executive said on Tuesday. On Monday, the oil giant unveiled its long-awaited lithium strategy and said it aims to filter the ultralight metal from reservoirs about 10,000 feet beneath the U.S. state of Arkansas. Reuters first reported the news last weekend. Exxon’s expansion into the sector will rely on one or more of a so-far

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Marketmind: Frail yen teeters as US CPI looms

A look at the day ahead in European and global markets from Ankur Banerjee With investors’ focus squarely on U.S. inflation data, due later on Tuesday, markets have had a muted Asian session, although traders remain transfixed by the battered yen’s relentless march towards a three-decade low. European bourses too look set for a quiet open, futures markets show, but data on euro zone Q3 flash GDP and UK average weekly earnings for October will likely influence the market, while investors digest a cabinet reshuffle in Britain that included David Cameron’s return as foreign minister. Economists polled by Reuters expect

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Marketmind: Risk on Monday, China ‘data dump’ looms

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia is poised to start this week as it finished last week, with risk assets and investor sentiment buoyed by growing confidence in the U.S. economic ‘soft landing’, and easing financial conditions from the slide in the dollar and U.S. bond yields. The regional economic and policy events calendar this week is jammed with top-tier releases which are sure to give local assets strong steers, especially from China. October’s import and export figures are released on Tuesday, and Thursday sees

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