Sunday, October 24News That Matters

Tag: United States

Supply Chain Shortages: Your Questions Answered

Supply Chain Shortages: Your Questions Answered

Business
The dramatic surge in demand clogged the system for transporting goods to the factories that needed them. At the same time, finished products — many of them made in China — piled up in warehouses and at ports throughout Asia because of a profound shortage of shipping containers, the standard-size steel boxes that carry goods on enormous vessels.Updated Oct. 21, 2021, 8:59 p.m. ETWhat happened to all the giant container ships?In simplest terms, they got stuck in the wrong places. In the first phase of the pandemic, as China shipped huge volumes of protective gear like face masks and hospital gowns all over the world, containers were unloaded in places that generally do not send much product back to China — regions like West Africa and South Asia. In those places, empty containers piled...
Stocks Hit a Record as Investors See Progress Toward a Spending Deal

Stocks Hit a Record as Investors See Progress Toward a Spending Deal

Business
Wall Street likes what it’s hearing from Washington lately.The S&P 500 inched to a new high on Thursday, continuing a rally aided by signs of progress in spending talks that could pave the way for an injection of some $3 trillion into the U.S. economy.The index rose 0.3 percent to 4,549.78, its seventh straight day of gains and a fresh peak after more than a month of volatile trading driven by nervousness over the still-wobbly economic recovery and policy fights in Washington.But even baby steps by lawmakers have helped end a market swoon that began in September.Share prices began to rise this month when congressional leaders struck a deal to allow the government to avoid breaching the debt ceiling, ending a standoff that threatened to make it impossible for the country to pay its bill...
What Does Horror Taste Like? ‘Carnage Asada’ and Bloody Cocktails

What Does Horror Taste Like? ‘Carnage Asada’ and Bloody Cocktails

LifeStyle
To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.There are many ways restaurant décor can say welcome: fresh flowers, linen tablecloths, soft lighting.At Terror Tacos in St. Louis, the welcome is rendered in blood — actually, lurid red paint that covers one wall in long drips, like the macabre drapery that Satan’s gnarled hand might pull back to usher the damned into hell.Bradley Roach and Brian Roash, brothers and self-described horror-movie geeks, opened Terror Tacos in March. (They spell their surnames differently.) As head chef, Mr. Roach put together an all-vegan menu of tacos and burritos featuring his housemade “carnage asada” seitan. Mr. Roash, an artist who handles the restaurant’s marketing, painted the frightful artwork, i...

AMC to Add Onscreen Captions at Some Locations

Technology
AMC Entertainment, the largest movie theater chain in the world, will offer open captioning at 240 locations in the United States, a move that the company’s chief executive described as “a real advance for those with hearing difficulties or where English is a second language.”Movie theaters provide closed captioning through devices that some customers describe as inconvenient and prone to malfunctioning. Open captions, however, are displayed on the screen in a way similar to subtitles; everyone in the theater sees the same captions, on the same screen.Advocates for the deaf and hard of hearing have long sought more and higher-quality captioning, but theater owners worry that people who aren’t deaf simply don’t like seeing captions at the movies.“In some cases, putting open captions on the ...
Concert Halls Are Back. But Visa Backlogs Are Keeping Musicians Out.

Concert Halls Are Back. But Visa Backlogs Are Keeping Musicians Out.

LifeStyle
When the Seattle Symphony finally performed before a full audience last month for the first time in a year and half, something was missing: its music director, the Danish conductor Thomas Dausgaard, who could not get a visa to travel to the United States.The New York Philharmonic had to find a last-minute substitute this week for the esteemed Norwegian pianist Leif Ove Andsnes, who could not get a visa, either. The Metropolitan Opera had to replace two Russian singers in its production of “Boris Godunov.” And the Academy of St. Martin in the Fields, a British chamber orchestra that has been regularly visiting the United States since 1980, had to abandon a 10-city tour.As the easing of coronavirus restrictions has allowed live performance to return, many cultural organizations are strugglin...

As Western Oil Giants Cut Production, State-Owned Companies Step Up

Business
Kuwait announced last month that it planned to invest more than $6 billion in exploration over the next five years to increase production to four million barrels a day, from 2.4 million now.This month, the United Arab Emirates, a major OPEC member that produces four million barrels of oil a day, became the first Persian Gulf state to pledge to a net zero carbon emissions target by 2050. But just last year ADNOC, the U.A.E.’s national oil company, announced it was investing $122 billion in new oil and gas projects.Iraq, OPEC’s second-largest producer after Saudi Arabia, has invested heavily in recent years to boost oil output, aiming to raise production to eight million barrels a day by 2027, from five million now. The country is suffering from political turmoil, power shortages and inadequ...
U.S. Rallies to Beat Costa Rica in World Cup Qualifier

U.S. Rallies to Beat Costa Rica in World Cup Qualifier

Sports
COLUMBUS, Ohio — A spectator at a United States men’s soccer game could have a reasonably enjoyable time simply watching Sergiño Dest as he goes about the business of playing right back.The 20-year-old Dest’s execution of simple acts on a soccer field — running around, trapping a ball, fiddling with it at his feet, directing it to teammates — oozes style. He has a bottomless tool kit of tricks. He has a marionettist’s control of the ball — and sometimes he has crazy ideas of what to do with it.For all his skills, the question about Dest — raised by coaches for both the national team and his club, Barcelona — has been if he could assemble all of these gifts and tools and express them consistently as effective performances, if he could avoid mental lapses and maintain his concentration on th...
Biden Administration Plans Wind Farms Along Nearly the Entire U.S. Coastline

Biden Administration Plans Wind Farms Along Nearly the Entire U.S. Coastline

Technology, World
“This is very big, big deal. This is a signal like we’ve never had before in the United States about where we can go with offshore wind,” said Dan Reicher, who served as assistant secretary at the Department of Energy in the Clinton administration and now advises Magellan Wind, which develops projects with offshore floating turbines.“I’ve been in the wind industry for a long time,” Mr. Reicher said. “This is a repeat of what we did a couple of decades ago when we stepped up onshore wind, when it went from being a small niche source of energy to being a mainstream, affordable source of power.”Still, there is no guarantee that companies will lease space in the federal waters and build wind farms. Once the offshore areas are identified, they will be subject to lengthy federal, state and local...
Which Towns Are Worth Saving?

Which Towns Are Worth Saving?

Technology, World
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Chip Shortage Makes Big Dent in Automakers’ U.S. Sales

Business
Four of the biggest sellers of cars and trucks in the United States said Friday that their sales had plunged recently, reflecting the intense squeeze that a global semiconductor shortage has put on auto production.General Motors, Honda, Nissan and Stellantis reported significant declines in sales in the three months that ended in September — in G.M.’s case, a drop of one-third from a year earlier — as chip shortages forced them to idle plants, leaving dealers with few vehicles to offer customers.Toyota had a slight increase for the quarter, but its sales in September fell sharply after it was forced to slash global production because of the chip shortage and other disruptions to its parts supplies stemming from the coronavirus pandemic.“We are in uncharted waters,” said Alan Haig, presiden...