Author: Press Room

Source: YouTube

For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10 million cargo containers filled with goods for Americans and bringing in roughly half a billion dollars in revenue each year to the state of California. But for the past three months, the Port of New York and New Jersey has been No. 1. This rerouting of the US supply chain is a bid to get goods to consumers faster and cheaper. The vast majority of foreign-made goods, from furniture and apparel to auto parts, all come to the…

Canada’s premiers plan to hold a news conference in Winnipeg Friday as children’s hospitals struggle to deal with a wave of child illnesses. Hospitals across the country have been cancelling some surgeries and appointments as they redirect staff amid an increase in pediatric patients.Admissions are surging under a triple-threat of respiratory syncytial virus, influenza and COVID-19 at a time when the health-care system is grappling with record numbers of job vacancies.In Ottawa, two teams of Canadian Red Cross personnel are working rotating overnight shifts at the Children’s Hospital of Eastern Ontario in support of its clinical-care team, while some patients…

Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start. Black Friday and Cyber Monday sales were solid, as Americans were lured by deep discounts. Although consumer spending may be slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are not keeping up with stubborn inflation. That has forced consumers to finance their shopping sprees by dipping into savings and tapping increasingly expensive credit cards. Not only is that unsustainable, but it could force consumers to cut spending in the coming months to pay down debt and replenish…

Cross-chain messaging protocol Nomad, which was exploited for $190 million back in August, is preparing to relaunch and provide partial refunds to affected users.In a recent blog post, the Nomad protocol team announced that the project had upgraded the Nomad protocol to fix the vulnerability that caused the hack and to allow users to bridge back madAssets and access a pro-rata share of recovered funds.The team added that they implemented a redesign for the token bridge and the “first people to bridge back their madAssets would receive canonical tokens on a one-to-one basis until there were no canonical tokens left.”Furthermore,…

Washington CNN  —  President Joe Biden’s student loan forgiveness program remains blocked by federal courts for now. But for some borrowers, the recently extended federal pandemic pause on payments delivers an even bigger benefit. For most federal student loan borrowers, balances have been frozen since March 2020. But those who are enrolled in the existing Public Service Loan Forgiveness program get an extra, lesser-known bonus from the pause that brings them closer to student debt cancellation without paying a dime. For Josie Bicknell, a nurse practitioner at a nonprofit in Los Angeles, the pause could deliver roughly $38,000 in debt…

Welcome back. This has been a rough week for those with high hopes for voluntary corporate action on climate change. Vanguard, the world’s second-biggest asset management company, has pulled out of the Net Zero Asset Managers initiative, complaining of “confusion about the views of individual investment firms”.As we’ve been writing, this follows an intense backlash from US Republican politicians against the financial sector net zero agenda. After several big financial companies threatened to quit Gfanz, the umbrella grouping for NZAM and other sectoral alliances, it loosened its standards to keep them in the tent. It seems that may not have…

Koinly, a crypto tax reporting platform, has laid off 14% of its team, citing “the intensifying bear market” – but several employees have claimed that the cuts affected more people and were carried out unprofessionally with poor communication.“In a bid to combat the challenging conditions facing the cryptocurrency market and economy at large, Koinly has today announced a round of job cuts to its global team,” said a press release on Tuesday.Founder and CEO of the company, Robin Singh, explained that the job cuts are a response to the ongoing market downturn, worsened by the infamous collapse of the FTX…

About 4% of the world’s population has one of more than 100 autoimmune diseases, such as multiple sclerosis. Most medications used to treat autoimmune diseases suppress a person’s entire immune system, leaving them vulnerable to infections.Researchers from the Washington University School of Medicine in St. Louis discovered a cancer therapy called CAR-T that only targets the immune cells causing the autoimmune disease, leaving healthy immune cells alone. About 4% of the entire world’s population has an autoimmune disease — a condition where the body’s immune system mistakenly attacks its own tissues and organs. Scientists recognize more than 100 different autoimmune…

CNN  —  It’s common for South Koreans to have not just one age, but three. Sounds confusing? Well, it is – and it’s causing discrepancies in official documents and in legal matters. In response, the country’s parliament passed a new law that aims to standardize how age is calculated. And technically, this means South Koreans are about to get one or two years younger. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.) WNBA…