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Oil extends gains, Hong Kong stocks resume rally [Video]

Oil prices rose further Friday as tensions mount in the Middle East, while Hong Kong’s stock markets resumed a rally caused by China’s recently-announced measures to stimulate its economy. Europe’s main equity indices diverged nearing the half-way stage, with London weighed down by a rebounding pound alongside gains for Paris and Frankfurt. The dollar was

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Small Business Ideas

Hurricane Helene puts climate change at the forefront of election [Video]

The devastation wrought by Hurricane Helene has brought climate change to the forefront of the presidential campaign after the issue lingered on the margins for months.Vice President Kamala Harris traveled to Georgia Wednesday to see hard-hit areas, two days after her Republican opponent, former President Donald Trump, was in the state and criticized the federal response to the storm, which has killed at least 200 people in the Southeast. Helene is the deadliest storm to hit the U.S. mainland since Hurricane Katrina in 2005.President Joe Biden toured some of the hardest-hit areas by helicopter on Wednesday and Thursday. Biden, who has frequently been called on to survey damage and console victims after tornadoes, wildfires, tropical storms and other natural disasters, traveled to the Carolinas, Florida and Georgia to get a closer look at the hurricane devastation.Storms are getting stronger and stronger, Biden said Wednesday after surveying damage near Asheville, North Carolina. At least 70 people died in the state.Nobody can deny the impact of the climate crisis any more,” Biden said at a briefing in Raleigh. “They must be brain dead if they do. Harris, meanwhile, hugged and huddled with a family Wednesday in hurricane-ravaged Augusta, Georgia.There is real pain and trauma that resulted because of this hurricane” and its aftermath, Harris said outside a storm-damaged house with downed trees in the yard.”We are here for the long haul,” she added.The focus on the storm and its link to climate change was notable after climate change was only lightly mentioned in two presidential debates this year. The candidates instead focused on abortion rights, the economy, immigration and other issues.The hurricane featured prominently in Tuesday’s vice presidential debate as Republican JD Vance and Democrat Tim Walz were asked about the storm and the larger issue of climate change.Both men called the hurricane a tragedy and agreed on the need for a strong federal response. But it was Walz, the governor of Minnesota, who put the storm in the context of a warming climate.Theres no doubt this thing roared onto the scene faster and stronger than anything weve seen,” he said.Bob Henson, a meteorologist and writer with Yale Climate Connections, said it was no surprise that Helene is pushing both the federal disaster response and human-caused climate change into the campaign conversation.Weather disasters are often overlooked as a factor in big elections,” he said. Helene is a sprawling catastrophe, affecting millions of Americans. And it dovetails with several well-established links between hurricanes and climate change, including rapid intensification and intensified downpours.Video below: Extreme Weather Events In Store for Overwhelming Majority of Earths Population SoonMore than 40 trillion gallons of rain drenched the Southeast in the last week, an amount that if concentrated in North Carolina would cover the state in 3 1/2 feet of water. Thats an astronomical amount of precipitation, said Ed Clark, head of the National Oceanic and Atmospheric Administrations National Water Center in Tuscaloosa, Alabama.During Tuesday’s debate, Walz credited Vance for past statements acknowledging that climate change is a problem. But he noted that Trump has called climate change a hoax and joked that rising seas “would make more beachfront property to be able to invest in.Trump said in a speech Tuesday that the planet has actually gotten little bit cooler recently,” adding: Climate change covers everything.”In fact, summer 2024 sweltered to Earths hottest on record, making it likely this year will end up as the warmest humanity has measured, according to the European climate service Copernicus. Global records were shattered just last year as human-caused climate change, with a temporary boost from an El Nio, keeps dialing up temperatures and extreme weather, scientists said.Vance, an Ohio senator, said he and Trump support clean air, clean water and want the environment to be cleaner and safer.” However, during Trumps four years in office, he took a series of actions to roll back more than 100 environmental regulations.Vance sidestepped a question about whether he agrees with Trump’s statement that climate change is a hoax. What the president has said is that if the Democrats in particular Kamala Harris and her leadership really believe that climate change is serious, what they would be doing is more manufacturing and more energy production in the United States of America. And thats not what theyre doing, he said.This idea that carbon (dioxide) emissions drives all of the climate change. Well, lets just say thats true just for the sake of argument. So were not arguing about weird science. If you believe that, what would you want to do? Vance asked.The answer, he said, is to “produce as much energy as possible in the United States of America, because were the cleanest economy in the entire world.”Vance claimed that policies by Biden and Harris actually help China, because many solar panels, lithium-ion batteries and other materials used in renewable energy and electric vehicles are made in China and imported to the United States.Walz rebutted that claim, noting that the Inflation Reduction Act, the Democrats signature climate law approved in 2022, includes the largest-ever investment in domestic clean energy production. The law, for which Harris cast the deciding vote, has created 200,000 jobs across the country, including in Ohio and Minnesota, Walz said. Vance was not in the Senate when the law was approved.We are producing more natural gas and more oil (in the United States) than we ever have,” Walz said. Were also producing more clean energy.The comment echoed a remark by Harris in last months presidential debate. The Biden-Harris administration has overseen the largest increase in domestic oil production in history because of an approach that recognizes that we cannot over rely on foreign oil,” Harris said then.While Biden rarely mentions it, domestic fossil fuel production under his administration is at an all-time high. Crude oil production averaged 12.9 million barrels a day last year, eclipsing a previous record set in 2019 under Trump, according to the U.S. Energy Information Administration.Democrats want to continue investments in renewable energy such as wind and solar power and not just because supporters of the Green New Deal want that, Walz said.My farmers know climate change is real. Theyve seen 500-year droughts, 500-year floods back to back. But what theyre doing is adapting,” he said.The solution for us is to continue to move forward, (accept) that climate change is real and reduce reliance on fossil fuels, Walz said, adding that the administration is doing exactly that.”We are seeing us becoming an energy superpower for the future, not just the current” time, he said.___Associated Press writers Colleen Long in Raleigh, North Carolina, and Christopher Megerian in Augusta, Georgia, contributed to this report.

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Small Business Lifestyle

Folks in North Carolina stay in touch the old-fashioned way after Helene cuts roads, power, phones [Video]

Isolated and without electricity or phone service since Hurricane Helene inflicted devastation across the Southeast nearly a week ago, residents in the mountains of western North Carolina are relying on old-fashioned ways of communicating and coping.At the town square in Black Mountain, local leaders stood atop a picnic table shouting updates about when power might be restored. One woman took notes to pass along to her neighbors. Alongside a fencerow, a makeshift message board listed the names of people still missing. In other areas, mules delivered medical supplies to mountaintop homes. Residents collected water from creeks and cooked over camp stoves. And across the region, people were looking after each other.President Joe Biden, after surveying the area by helicopter on Wednesday, praised the Democratic governor of North Carolina and the Republican governor of South Carolina for their responses to the storm, saying that in the wake of disasters, we put politics aside.While government cargo planes brought food and water into the hardest-hit areas and rescue crews waded through creeks searching for survivors, those who made it through the storm, whose death toll has topped 180, leaned on one another not technology.I didnt know where I was going, didnt know what was going to happen next. But I got out and Im alive, said Robin Wynn, who lost power at her Asheville home early Friday and was able to grab a bag of canned goods and water before getting to a shelter despite water up to her knees.Now that shes back home, she said her neighbors have been watching out for one another. Plenty of people have come around to make sure everyone has a hot meal and water.Helping one another in the hardest-hit areasIn remote mountain areas, helicopters hoisted the stranded to safety while search crews moved toppled trees so they could look door to door for survivors. In some places, homes teetered on hillsides and washed-out riverbanks. Nearly a week after the storm, more than 1.1 million customers still had no power in the Carolinas and Georgia, where Helene struck after barreling over Floridas Gulf Coast as a Category 4 hurricane. Deaths have been reported in Florida, Georgia, Tennessee and Virginia, in addition to the Carolinas.Sarah Vekasi is a potter who runs a store in Black Mountain called Sarah Sunshine Pottery, named after her normally bubbly personality. But these days shes struggling with the trauma of Helene and uncertainty about the future of her business.All I can say is that Im alive. Im not doing great. Im not doing good. But Im extremely grateful to be alive, especially when so many are not, Vekasi said.One thing that makes her feel a little better is the fellowship of the daily town meeting at the square.Its incredible being able to meet in person, Vekasi said after Wednesdays session, where more than 150 people gathered.Martha Sullivan was taking careful notes at the meeting so she could share the information roads reopened, progress in getting power restored, work on trying to get water flowing again with others. Sullivan, who has lived in Black Mountain for 43 years, said her children invited her to come to Charlotte after the storm, but she wants to stay in her community and look after her neighbors.Im going to stay as long as I feel like Im being useful, Sullivan said.Eric Williamson, who works at First Baptist Church in Hendersonville, normally makes home visits to members who cant physically get to church. This week, hes their lifeline, delivering food that meets dietary restrictions and tossing out food that had spoiled.Beyond checking in on the essentials, he says its important to just socialize with folks in a moment like this to help them know they arent alone.He has a handwritten list of everyone he needs to visit. They dont have telephone service, even if they have a landline, a lot of that isnt working, Williamson said. So were bringing them food and water, but also just bringing them a smile and a prayer with them just to give them comfort. Volunteers in Asheville gathered on Wednesday before going out to help find people who have been unreachable because of phone and internet outages. They took along boxes of drinking water and instructions to return in person with their results.Even notifying relatives of people who died in the storm has been difficult.That has been our challenge, quite honestly, is no cell service, no way to reach out to next of kin, said Avril Pinder, an official in Buncombe County where at least 61 people have died. We have a confirmed body count, but we dont have identifications on everyone or next-of-kin notifications.Biden and Harris get a firsthand lookBiden flew over the devastation in North and South Carolina, getting a firsthand look at the mess left by a storm that now has killed at least 189 people, making Helene the deadliest hurricane to hit the mainland U.S. since Katrina, according to statistics from the National Hurricane Center. Speaking in Raleigh, North Carolina, Biden said, Our job is to help as many people as we can as quickly as we can and as thoroughly as we can.That includes a commitment from the federal government to foot the bill for debris removal and emergency protective measures for six months. The money will address the impacts of landslides and flooding and will cover costs of first responders, search and rescue teams, shelters, and mass feeding.Were not leaving until youre back on your feet completely, Biden said.Vice President Kamala Harris traveled to neighboring Georgia, where she said the president had approved a request to pick up the tab for similar emergency aid there for three months.Biden plans on traveling to disaster areas in Florida and Georgia on Thursday.Devastation from Florida to TennesseeEmployees at a plastics factory in rural Tennessee who kept working last week until water flooded their parking lot and power went out at the plant were among those killed. The floodwaters swept 11 workers away, and only five were rescued. Two are confirmed dead.Tennessee state authorities said they are investigating the company that owns the factory after some employees said they werent allowed to leave in time to avoid the storms impact.Hospitals and health care organizations in the Southeast mostly stayed open despite dealing with blackouts, wind damage, supply issues and flooding. Many hospitals halted elective procedures, while only a few closed completely.In Florida, officials were turning to low-risk state prisoners to help clear the mountains of debris left behind.Department of Corrections, they do prison labor anyways. So theyre bringing them to do debris removal, Gov. Ron DeSantis told reporters on Wednesday.