Reduce

New Jersey Seeks to Reduce Distance Threshold for Student Transportation

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TRENTON, NJ—A proposed bill in New Jersey, introduced by Assemblywoman Verlina Reynolds-Jackson and Assemblyman Benjie E. Wimberly, aims to shorten the minimum distance required for public and nonpublic school students to be eligible for school transportation. Under the new bill, the distance threshold for both elementary and high school students would be reduced from two miles and two and a half miles to one and a half miles, respectively. Currently, New Jersey law mandates school districts to provide transportation for elementary students living more than two miles away and high school students more than two and a half miles away

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New Jersey Seeks to Completely Reduce Traffic Deaths by 2040 with New Commission

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New Jersey Assembly Committee Approves Traffic Safety Commission Bill TRENTON, NJ — The Assembly Transportation and Independent Authorities Committee has favorably reported Assembly Bill No. 1476, aimed at establishing the “New Jersey Target Zero Commission.” The proposed commission will include 13 members and is tasked with enhancing traffic safety across the state. Its ambitious goal is to eliminate all traffic fatalities and serious injuries by 2040. The commission’s responsibilities include developing a comprehensive action plan focused on engineering, education, and enforcement. This plan will address traffic safety from an equitable treatment perspective for all transportation users. The commission is set

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New Jersey Moves to Reduce Restrictions on Historic QQ Plated Vehicles

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TRENTON, NJ — A legislative proposal, introduced on Tuesday, seeks to expand the use of historic motor vehicles in New Jersey for pleasure driving. Senator John J. Burzichelli of District 3, covering Cumberland, Gloucester, and Salem, sponsored Senate No. 2823, which aims to amend existing laws regarding historic vehicles. The bill modifies Section 1 of P.L.1964, c.195 to allow historic motor vehicles, defined as being at least 25 years old and maintained primarily for collector purposes, to be used for occasional travel. Occasional travel under the new definition would permit usage of these vehicles not more than one day per

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Biden’s New Emissions Regulations Could Reduce Auto Industry Jobs. Rust Belt Dems Are Backing Them Anyway

The Daily Caller0

Several Democratic lawmakers from manufacturing-intensive Midwestern states are backing new regulations by the Biden administration restricting vehicle emissions, which experts say could dramatically reduce the number of gas-powered cars and result in fewer automobile industry jobs. On March 20, the Environmental Protection Agency (EPA) finalized a new rule — Multi Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles — which would effectively require roughly two-thirds of all light-duty vehicles sold after model year 2032 to be electric vehicles (EVs) or hybrids. Critics have argued the rule is a de facto electric vehicle mandate and will

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‘Adults In The Room’: Turley Applauds Court’s Decision To Reduce Trump’s Bond After ‘Absurd’ $454 Million Ruling

The Daily Caller0

George Washington University law professor Jonathan Turley said Monday that a ruling reducing the bond former President Donald Trump must post to appeal a civil fraud decision “restores some level of restraint” to the New York legal system. A New York appeals court reduced the bond Trump must post in order to appeal a ruling by Judge Arthur Engoron to $175 million instead of over $450 million. Turley noted that the reduction could reassure companies about the state’s legal system. WATCH: “I actually think they could have reduced this bond to virtually nothing because the amount set by Engoron was absurd,”

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US FAA relocating control of Newark, NJ, airspace to reduce congestion

Reuters0

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it will relocate control of the Newark, New Jersey, airspace area to Philadelphia to address staffing issues and congested traffic in the New York City area. The announcement comes ahead of what could be a record summer travel season. Airlines this week forecast record travel this spring. The FAA, which has struggled with air traffic staffing issues, said it and the National Air Traffic Controllers Association (NATCA) signed a memorandum to relocate control of Newark at New York Terminal Radar Approach Control (TRACON) (N90) to Philadelphia

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‘Incarcerate The Criminals’: El Salvador’s President Tells America How To Reduce Crime

The Daily Caller0

‘Incarcerate The Criminals’: El Salvador’s President Tells America How To Reduce Crime Arjun Singh on February 22, 2024 National Harbor, Maryland — President Nayib Bukele of El Salvador told the Daily Caller News Foundation on Thursday that the United States needs to incarcerate criminals to stop the rise in violent crime, akin to his policies. Bukele, who recently won reelection in a landslide with over 84% of the vote, was visiting the United States to speak at the Conservative Political Action Conference (CPAC), a gathering of American and international conservative figures in the Washington, D.C., area. Bukele spoke with the

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US IRS wants to simplify tax notices to reduce anxiety, boost compliance

Reuters0

By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service on Tuesday said it was redesigning hundreds of types of notices mailed to taxpayers to make them simpler, clearer, and understandable in the hopes that this will help improve compliance and reduce taxpayer anxiety. The IRS and the U.S. Treasury rolled out the “Simple Notice Initiative” with 31 redesigned notices for the 2024 tax filing season, which starts on Monday. WHY IT’S IMPORTANT The changes are part of the IRS’ modernization drive using $80 billion in new funding over a decade, an amount that will be reduced by about

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Biden’s defense chief urged Israel to reduce civilian harm in Gaza

Reuters0

TEL AVIV (Reuters) – U.S. Defense Secretary Lloyd Austin said he urged Israel to protect civilians caught in the war in Gaza and discussed a transition from major combat to lower intensity warfare during a meeting with his Israeli counterpart on Monday. “In any campaign, there will be phases,” Austin told a news conference, saying that required detailed, thoughtful planning and that he would not dictate timelines. He said he had discussed with Israeli Defence Minister Yoav Gallant how to reduce harm to civilians on the battlefield. “We will also continue to urge the protection of civilians during conflict and

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Justice Department Publishes Model Legislation to Help States Reduce Gun Violence and Improve Gun Safety

Indira Patel0

The Justice Department published two pieces of model legislation for states to consider to help address the continuing epidemic of gun violence affecting communities across the country. The model legislation is drawn from commonsense gun-safety statutes already on the books in a broad cross-section of states. First, the Department published model legislation to help states craft appropriate requirements for securing firearms kept in residences and vehicles and to ensure that those firearms do not fall into the hands of children, teens, and prohibited persons. Second, the Department published model legislation to help states craft appropriate requirements for the prompt reporting

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US monetary policy “appropriate”, should remain at current levels to reduce inflation -IMF

Reuters0

(Reuters) – Monetary policy in the United States continues to be appropriate, and interest rates will need to remain at current levels in order to “durably” reduce inflation, the International Monetary Fund said on Thursday. The US economy has proven to be “quite resilient,” said IMF spokesperson Julie Kozack in a scheduled press briefing. “Interest rates will likely need to stay at current levels well into 2024,” Kozack added. U.S. benchmark bond yields edged up from three month lows on Thursday ahead of key payrolls data expected on Friday. Futures markets are pricing in a 25 basis point rate cut

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U.S. Allocates $110 Million for Wildlife Crossing Projects to Reduce Road Collisions

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WASHINGTON, DC – The U.S. Department of Transportation is distributing $110 million to support 19 projects across 17 states, aimed at minimizing wildlife-related car accidents and facilitating safe animal crossings. These initiatives are part of a larger five-year, $350 million program, a component of the $1 trillion 2021 infrastructure law. Currently, wildlife-vehicle collisions, especially with large animals such as deer, result in approximately 200 human fatalities and 26,000 injuries annually, apart from causing over $8 billion in damages. The Federal Highway Administrator, Shailen Bhatt, emphasized the significance of this funding in addressing these safety concerns. Notable among the funded projects

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US awards $110 million to reduce wildlife car collisions

Reuters0

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department is awarding $110 million to fund 19 projects in 17 states to help reduce car collisions with wildlife and help animals safely cross roadways. There are more than 1 million wildlife vehicle collisions in the United States with large animals like deer that cost more than $8 billion annually. Wildlife-vehicle collisions result in about 200 deaths and 26,000 injuries to drivers and passengers annually, federal officials say. Federal Highway Administrator Shailen Bhatt said the wildlife crossing funding is “targeted at a very real safety concern.” One project in Arizona is

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German firms diversify in Asia to reduce China risk – survey

Reuters0

By Sarah Marsh BERLIN (Reuters) – Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in China. Firms are building supply chains that are independent of China, shifting some operations away from the country and growing markets elsewhere in Asia, according to the survey of 566 companies conducted between Sept. 5 and Oct. 6. Some 83% of companies cited geopolitical tensions as the main reason for their steps to mitigate risks related to

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Japan’s Nomura to reduce risk assets for wholesale business

Reuters0

TOKYO (Reuters) – Nomura Holdings said on Wednesday it would reduce risk weighted assets by up to 6% for its struggling wholesale business as the top Japanese investment bank scrambles to shore up its capital efficiency. Nomura plans to allocate resources within the group by adjusting the amount of positions in overseas macro products and shifting resources to Japan-related business, CEO Kentaro Okuda told investors on Wednesday. The Japanese bank also plans for an additional $100 million in cost cuts for the wholesale division, reducing total costs to around $5.1 billion by the year ending March 2025, Okuda said. (Reporting

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EU to asses if Dutch plans to reduce flights at Schiphol is compliant

Reuters0

AMSTERDAM (Reuters) – The European Union is assessing whether the Dutch government’s plans to reduce the number of flights at Amsterdam’s Schiphol airport is in line with European regulations, the EU’s transport regulations director said on Tuesday. “We are looking whether the process undertaken to come up with the decision is in line with EU law. Certainly it is an important decision which has never been done before. We are really closely following this process,” Magda Kopczynska, the Commission’s director for mobility and transport, said (Reporting by Bart Meijer; Editing by Benoit Van Overstraeten)

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Fed and banks can do more to reduce liquidity risk -Logan

Reuters0

(Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday defended the U.S. central bank’s “ample reserves” approach to monetary policy implementation, even as she outlined a number of ways that both the Fed and banks could further shrink liquidity risks in the financial system. Recent episodes of liquidity strains, like that at the start of the pandemic notwithstanding, the Fed’s approach does reduce liquidity by removing incentives for banks to economize on their holdings of reserves at the central bank, which are by any measure the most liquid of any assets, Logan said in remarks prepared for delivery

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Top Climate Aide Suggests Biden Admin ‘Absolutely’ Needs To Find More Ways To Reduce Americans’ Reliance On Cars

The Daily Caller0

Top Climate Aide Suggests Biden Admin ‘Absolutely’ Needs To Find More Ways To Reduce Americans’ Reliance On Cars Nick Pope on November 8, 2023 President Joe Biden’s top climate adviser suggested that he wants the administration to more expediently pursue ways to decrease reliance on driving in a conversation about Biden’s electric vehicle (EV) policies on Wednesday. White House Climate Adviser Ali Zaidi suggested that finding ways to get Americans to live closer to where they work, and therefore rely on vehicle travel less altogether, is something that the Biden administration “absolutely” needs to address with greater haste. He made

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GM, Stellantis invest in EV magnet startup in move to reduce China reliance

Reuters0

(Reuters) – General Motors and Stellantis said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims to curb its reliance on China. The automakers joined Niron’s latest $33 million funding round and plan to collaborate to help develop permanent magnets built without rare earths, a step that would, if successful, reshape how the materials are used for the transition to EVs. “Permanent magnets are the unsung heroes and essential components of countless parts of your vehicle,” Niron CEO Jonathan Rowntree told reporters on a

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Washington Post appoints William Lewis as CEO; to reduce headcount by 10%

Reuters0

By Helen Coster (Reuters) -William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday. The Washington Post said that it is projected to end the year taking a $100 million loss. The publisher added that executives are offering buyouts across the company in an effort to reduce its head count by about 10 percent, the newsroom is expected to shrink to about 940 journalists. Lewis’s appointment comes at a time when the media industry is grappling with a sluggish

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Navy Shipbuilding Plan Would Reduce Fleet Size During Time That China Might Invade Taiwan

The Daily Caller0

Navy Shipbuilding Plan Would Reduce Fleet Size During Time That China Might Invade Taiwan Micaela Burrow on October 27, 2023 The Navy’s proposed shipbuilding plans would reduce the fleet temporarily during the years in which U.S. officials say Chinese President Xi Jinping might move on Taiwan, according to an analysis by the Congressional Budget Office (CBO). Three different paths outlined in the Navy’s mandated fiscal year 2024 shipbuilding plan seeks to expand the Naval fleet beyond its current 290 battle force vessels, but to do so it has to retire nine ships before new ones can be commissioned, CBO wrote.

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Auto strikes to reduce US payrolls count in October -government report

Reuters0

By Lucia Mutikani WASHINGTON (Reuters) – Strikes by members of the United Auto Workers (UAW) union including against Detroit’s Big Three car manufacturers could subtract at least 29,000 jobs from U.S. nonfarm payrolls in October, government data showed on Friday. The Labor Department’s monthly strike report showed 25,300 workers were idle at assembly plants owned by Ford Motor, General Motors and Chrysler parent Stellantis nationwide during the October payrolls count period. Another 4,000 UAW members were on strike at Mack Trucks plants in Florida, Maryland and Pennsylvania during the survey period in mid-October. About 1,100 other UAW members walked off

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Washington Post will offer buyouts to employees to reduce staff

Reuters0

(Reuters) – The Washington Post plans to offer voluntary separation packages to employees across all functions, a company spokesperson said on Tuesday, as the newspaper looks to trim staff. The Post, which earlier in the day reported that voluntary buyouts to its staff was in an effort to reduce headcount by 240, did not offer any specific details of the separation packages and the roles impacted. This comes at a time when a weak advertising market amid slowing economic growth has forced several technology and media companies to cut costs. Interim CEO Patty Stonesifer said in an email to staff

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Fed will stay ‘on the job’ to reduce inflation, Waller says

Reuters0

(Reuters) – Federal Reserve Governor Christopher Waller on Tuesday reiterated the U.S. central bank’s determination to bring inflation down to its 2% target, but did not comment on the economic outlook or his view on the best immediate course for monetary policy. “Price stability is a primary responsibility of the Federal Reserve,” Waller said in remarks prepared for delivery to a conference at George Mason University’s Mercatus Center in Virginia. “This is why we have taken forceful steps aimed at reducing inflation – and why we will stay on the job to achieve our objective.” Most of his comments focused

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