Latest news with #RobertJohnson
Axios
16-07-2025
- Climate
- Axios
Tropical threat puts New Orleans on high alert for flash flooding
The sandbags are filled in New Orleans, the pumps are prepped and now the region waits for the tropical system that has the potential to dump a month's worth of rain in a single day. Why it matters: New Orleanians are on edge about flash flooding, which happens too frequently in this city below sea level. The big picture: The tropical system, called Invest 93L, is in the Gulf and expected to reach Louisiana's coast Thursday. It may develop into a tropical depression, the National Hurricane Center said Wednesday. It will be named Dexter if it strengthens into a tropical storm. Flooding is the biggest concern for New Orleans, according to the National Weather Service's Slidell office. Threat level: A flood watch is in effect for southeast Louisiana from Wednesday through Saturday morning. Multiple rounds of heavy rainfall are expected through at least Saturday morning, NWS said. The greatest threat is Thursday and Friday. Up to 10 inches could fall in places, which is more than the average rainfall for the entire month of July, NWS said. New Orleans is most likely to get 2 to 3 inches by Saturday night, with higher totals on the coast, according to the Wednesday forecast. Between the lines: Rainfall rates in some of the storms could be more than 4 inches per hour, which is faster than the pumps can drain streets. On the street: New Orleanians waited in line for about an hour Wednesday in Gentilly to fill up sandbags to protect their homes, apartments and churches. "Hopefully, I won't need them," said Robert Johnson, a longtime Gentilly resident. "It's just erring on the side of caution." That was the vibe from others as they shoveled their bags in the sweltering heat. Their homes have flooded or gotten close to flooding in recent thunderstorms and they want to be proactive. And residents like Lynelle Batiste told Axios New Orleans they're concerned the pumps won't be able to keep up. The location had 1,000 DIY bags available, according to Councilman Eugene Green, and stayed open after the designated time due to demand. Drainage prep Drainage pumps in New Orleans and Jefferson Parish can handle 1 inch of rain the first hour and 0.5 inch per hour after that when the systems are working at full capacity. When rain falls too quickly, it overwhelms the pumps, causing street flooding. Authorities in both parishes say they are focusing on cleaning catch basins before the rain arrives. The Sewerage & Water Board said 86 of 93 major pumps (map) were working as of Wednesday. Two of its power turbines were down and available only for emergency use. All of the underpass pumps were working, SWBNO said, with the exception of one of the three that drain the Carrolton Avenue/I-10 underpass. In Jefferson Parish, all 194 pumps were working as of Tuesday, said drainage director Ben Lepine. Employees have also tested the generators and are ready to staff pumping stations 24 hours a day if needed, he said in a statement. Entergy said it is monitoring the storm and preparing for severe weather in south Louisiana. The company has materials, supplies and staffing available if needed, a spokesperson told Axios New Orleans. Go deeper
Bloomberg
23-06-2025
- Business
- Bloomberg
NY Jets Owner Woody Johnson Agrees Deal for Crystal Palace Stake
Robert 'Woody' Johnson IV, the co-owner of the New York Jets and a former American ambassador to the UK, has agreed to buy a significant stake in Crystal Palace, the most recent FA Cup champion, according to people familiar with the situation. Johnson is set to pay about $215 million to John Textor, who owns a more than 40% stake in Crystal Palace via his Eagle Football group, according to one of the people familiar with the situation.
Bloomberg
16-06-2025
- Business
- Bloomberg
New York Jets Owner Woody Johnson in Talks for Stake in Crystal Palace FC
Robert 'Woody' Johnson IV, the co-owner of the New York Jets and a former American ambassador to the UK, is in talks about acquiring a significant stake in Crystal Palace, the most recent FA Cup champion, according to people familiar with the situation. Johnson has been in discussions with John Textor, who owns a more than 40% stake in Crystal Palace, over the past few months, the people said. The talks stalled earlier on over differences on prices but have resumed recently after the potential need for Textor to sell his stake, the people said, asking not to be identified as the information is private.
Yahoo
14-06-2025
- Business
- Yahoo
Scared of a Market Crash? Warren Buffett Says That's Your Cue To Get Greedy
Wall Street has seen some serious highs and lows in recent months. These stock market moves have raised some concerns about a recession or a market crash. Read Next: For You: Fear can be a great motivator or a powerful roadblock for many investors. In fact, you may be familiar with the famous quote linked to Warren Buffett: 'Be fearful when others are greedy and greedy when others are fearful.' The advice may sound simple, but it can bring with it unexpected complexities and more decisions to make as an investor. But it may not be that clear cut. GOBankingRates talked to some financial experts for their advice about being fearful as an investor. 'A down market might be the best time to buy assets for the lowest price possible,' said Annie Cole, Ed.D., money coach and founder of Money Essentials for Women. 'While a down market can mean that your personal assets, such as home value or stock value, take a hit for a period of time, it also means that assets you don't already own are lowering in price — the perfect time for you to buy for a bargain.' Discover Next: 'Fear is the worst enemy of investors,' said Robert Johnson, Ph.D., professor at the Heider College of Business at Creighton University. 'The average investor underperforms the market because they panic.' Johnson added that perhaps the biggest weakness in any stock investor is the person who believes they can predict market rises and falls. Johnson said attempting to time the market is 'fools gold.' 'The best way to counteract this tendency to time the market is to practice dollar cost averaging in a broad based stock market mutual fund or ETF — like one that tracks the S&P 500,' Johnson said. 'That means you are consistently buying into the market whether it has headed up, down or sideways.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard How Much Money Is Needed To Be Considered Middle Class in Every State? 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on Scared of a Market Crash? Warren Buffett Says That's Your Cue To Get Greedy Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Malay Mail
06-06-2025
- Business
- Malay Mail
Nintendo Switch 2 launch survives Trump tariffs, but holiday prices remain uncertain
NEW YORK, June 6 — Nintendo enthusiasts across the United States are rejoicing as they unbox the newly launched Nintendo Switch 2 consoles, dodging a potential price hike caused by former US President Donald Trump's erratic trade tariff policies. As reported by The Guardian, the console hit shelves yesterday as scheduled, but the journey to its release was fraught with delays and uncertainties stemming from Trump's tariffs on imports. Priced at US$450 (RM2,070) at launch, the Switch 2 was initially threatened by tariffs as high as 46 per cent on imports from Vietnam, where most of its production is based. According to the report this uncertainty forced Nintendo to delay pre-orders initially scheduled for early April, causing widespread frustration among gamers. Pre-orders eventually resumed on April 24, and the console sold out quickly. 'What saved Nintendo in this case was that Trump chickened out,' Robert Johnson, an international economist from the University of Notre Dame, told The Guardian. He referred to Trump's decision to issue a 90-day pause on tariffs to allow for negotiations with affected countries. This window allowed Nintendo to proceed with the console's June 5 release without additional costs being passed on to consumers. However, industry experts told The Guardian that the reprieve might be short-lived. If negotiations fail and the tariffs are reinstated, the Switch 2 could face price increases during the holiday season, a critical period for console sales. 'It takes a long time and significant capital outlays to bring new production facilities online. Producers really like to operate in a stable environment. The current trade environment is the exact opposite of that,' Johnson was quoted as saying. Nintendo's strategic shift to manufacture in Vietnam—a move made during Trump's first term to sidestep earlier tariffs on Chinese imports—has now left it vulnerable to the latest trade policies. Sony and Microsoft, expected to release their next-generation consoles in 2027, are likely to encounter similar challenges. Despite this, Nintendo has managed to ship an estimated 746,000 Switch 2 units to the US ahead of potential tariff hikes, ensuring that these units are exempt from additional import duties. Accessories, however, are not immune. The company has confirmed that certain peripherals will see price adjustments. According to CNBC, docks used for connecting the Switch to a full-size screen now cost US$10 more, while controller straps have seen a US$1 increase. Johnson also speculated to The Guardian that the company may consider raising the console's price later this year if tariffs resume. 'I find it difficult to imagine that the Trump administration will want thousands of stories written during the holiday season about how Trump ruined Christmas,' Johnson said, noting the political ramifications of such a move. As The Guardian highlighted, while hardware costs remain a concern, Nintendo's revenue model relies heavily on software and online subscriptions, which are unaffected by tariffs. 'In the end, Nintendo wants to sell consoles to get people to buy games and accessories,' Johnson said. 'As a result, it may be willing to hold down the price of consoles.'
