Bureau

New Analysis by Beekin Shows Affordability Improved for Renters in 2023

Retrieved on: 
Tuesday, March 5, 2024

Beekin Inc., a developer of next-generation AI platforms for rental housing investors and lenders, today released its Year-End Rental Analysis for 2023 , with data pointing toward improved conditions for renters.

Key Points: 
  • Beekin Inc., a developer of next-generation AI platforms for rental housing investors and lenders, today released its Year-End Rental Analysis for 2023 , with data pointing toward improved conditions for renters.
  • The rate of annual rental price increases for single-family rental properties and multifamily rental units continued to trail rises in median home prices, the consumer price index (CPI) and wage growth in 2023.
  • The Beekin study, prepared by market intelligence firm CJ Patrick Company, shows that while the CPI rose 4.1% in 2023, rents for multifamily units and single-family rental properties rose by just 1.1% and 0.4%, respectively.
  • “In most of the country, rental affordability continues to improve relative to home prices, which are rising more rapidly,” said Beekin founder and CEO Vidur Gupta.

Bureau of Ocean Energy Management Issues Final Environmental Impact Statement for Avangrid’s New England Wind Lease Area

Retrieved on: 
Tuesday, March 5, 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for its New England Wind lease area .

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for its New England Wind lease area .
  • The New England Wind lease area has the potential to provide approximately 2 Gigawatts to the region, enough clean, reliable energy to power nearly 1 million homes and businesses.
  • “Avangrid is grateful to the Bureau of Ocean Energy Management for its comprehensive environmental review of the New England Wind lease area – which has the potential to deliver approximately 2 Gigawatts of clean, reliable energy, power nearly 1 million households, and advance the region’s ambitious climate goals.
  • “Offshore wind holds immense potential to diversify our energy sources, reduce greenhouse gas emissions, and create high-quality jobs in the clean energy sector.

MEDIA ADVISORY: Banking and Financial Services Experts Available to Discuss Consumer Financial Protection Bureau’s New Rule Concerning Credit Card Late Fees

Retrieved on: 
Tuesday, March 5, 2024

James Mann and David Gossett , experienced attorneys and partners at the law firm Davis Wright Tremaine , are available to speak with reporters regarding the Consumer Financial Protection Bureau’s new rule concerning credit card late fees.

Key Points: 
  • James Mann and David Gossett , experienced attorneys and partners at the law firm Davis Wright Tremaine , are available to speak with reporters regarding the Consumer Financial Protection Bureau’s new rule concerning credit card late fees.
  • James and David have prepared the below initial commentary, which can be utilized verbatim in coverage of the rule, and they are also available for interviews.
  • The deep cut in the safe harbor amount may prompt issuers to set their late fees outside the safe harbor.
  • The Rule doesn’t only cut the safe harbor amount; it also denies issuers the right to fully recover their costs through late fees outside the safe harbor.

New York delivers on offshore wind with shovel-ready Empire Wind 1

Retrieved on: 
Thursday, February 29, 2024

Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.

Key Points: 
  • Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.
  • A key component of the Empire Wind 1 project is the transformation of the South Brooklyn Marine Terminal (SBMT) in Sunset Park.
  • Home to Empire Wind’s Operations and Maintenance Facility, SBMT will become New York’s first purpose-built offshore wind staging and port facility and will serve as a hub for offshore wind activities for years to come.
  • Last week, Empire Wind received the approval of its Construction and Operations Plan (COP) from the Bureau of Ocean Energy Management.

Empire Wind project hits key federal milestone with COP approval

Retrieved on: 
Thursday, February 22, 2024

The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.

Key Points: 
  • The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.
  • With this key permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the southern coast of Long Island later this year.
  • Already well advanced in planning and development, Empire Wind 1 could deliver first power to New Yorkers by 2026.
  • Empire Wind 1 is currently bidding into New York’s fourth offshore wind solicitation.

Iveda Accelerates Real-Time Vape and Anti-Bullying Detection with the Launch of IvedaAI Sense with Cerebro AI Platform

Retrieved on: 
Tuesday, February 20, 2024

Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today unveils the launch of IvedaAI Sense, an AI-based sensor that can precisely detect smoke and vapor particles and incidents of bullying.

Key Points: 
  • Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today unveils the launch of IvedaAI Sense, an AI-based sensor that can precisely detect smoke and vapor particles and incidents of bullying.
  • Integrated into the IvedaAI platform, IvedaAI Sense can be installed in various settings, including schools, offices, and other public spaces.
  • Iveda anticipates working with school districts––specifically those with multiple schools/campuses––as the primary decision maker and purchaser of an IvedaAI Sense deployment.
  • Iveda’s established reseller network includes the direct customer contacts required to showcase IvedaAI Sense to those most likely to benefit from the technology.

White House Touts Title Insurance Waiver Program as Promise of SavingsBut Program Doesn't Help First-Time Homebuyers or Low-Income Households, says American Land Title Association

Retrieved on: 
Friday, March 8, 2024

In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.

Key Points: 
  • In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.
  • Ninety percent of title companies are small businesses, many of them women-owned, and these businesses operate in every county in the country.
  • The American Land Title Association (ALTA) is committed to working with policymakers to thoughtfully address housing affordability and opportunity while also protecting consumers and their most important investments.
  • To read ALTA's previous statement on the White House announcement of the waiver pilot program click here: ALTA Says White House Attack on Title Insurance Offers False Promise of Savings
    View original content to download multimedia: https://www.prnewswire.com/news-releases/white-house-touts-title-insuran...

Five Tribes Join Federal Agencies to Manage Bears Ears National Monument

Retrieved on: 
Friday, March 8, 2024

Bears Ears National Monument, Utah, March 8, 2024 /PRNewswire/ -- For the first time in U.S. history, a coalition of five Tribal Nations have collaborated with federal agencies to craft a management plan for their ancestral homelands and sacred sites on public lands.

Key Points: 
  • The Commission was established during the Obama administration, following the President's proclamation that established Bears Ears as a National Monument.
  • "The petroglyphs, artifacts, landmarks, and landforms in the Bears Ears region help Hopi people trace our migration histories" said Craig Andrews, Vice Chairman of the Hopi Tribe and Co-Chair of the Bears Ears Commission.
  • "In the face of modern challenges, such as the management of Bears Ears National Monument, our commitment to collaboration remains unwavering," said Yanito.
  • "The draft resource management plan represents the culmination of our shared knowledge and insights, offered willingly to federal agencies for the betterment of the Monument.

5GAA, Partner Associations Issue Statement on US Department of Commerce's Inquiry into Connected Vehicles

Retrieved on: 
Thursday, March 7, 2024

According to the latest estimates from the National Highway Traffic Safety Administration, 42,795 people died in motor vehicle traffic crashes in 2022.

Key Points: 
  • According to the latest estimates from the National Highway Traffic Safety Administration, 42,795 people died in motor vehicle traffic crashes in 2022.
  • V2X technology can also help advance climate and sustainability goals by increasing traffic flow and efficiency.
  • Our members have worked closely with U.S. Department of Transportation (USDOT) for several years to proactively develop a robust message security solution for V2X communications.
  • The United States is currently a leader in V2X innovation, but risks falling behind if the government hampers broadscale deployment.

National Weights and Measures Week 2024: "Staying Relevant"

Retrieved on: 
Thursday, February 29, 2024

LINCOLN, Neb., Feb. 29, 2024 /PRNewswire/ -- Each year, we celebrate National Weights and Measures Week on March 1-7, commemorating John Adams' signing of the federal Weights and Measures law on March 2, 1799.

Key Points: 
  • The National Conference on Weights and Measures and its members are celebrating Weights and Measures Week March 1-7, 2024.
  • LINCOLN, Neb., Feb. 29, 2024 /PRNewswire/ -- Each year, we celebrate National Weights and Measures Week on March 1-7, commemorating John Adams' signing of the federal Weights and Measures law on March 2, 1799.
  • The Vermont Agency of Agriculture Food and Markets has led the effort in cooperation with the National Institute of Standards and Technology, Office of Weights and Measures .
  • The mission of the National Conference on Weights and Measures is to ensure equity through uniform standards in a changing marketplace.