Tag: takes
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‘Life-threatening’ storm surge likely as Hurricane Milton takes aim at Florida
Storm surge is the abnormal rise in water levels during a storm, as heavy hurricane winds push a bulge of water toward shore as depths become more shallow. While winds are the primary cause of storm surge, it’s also affected by the storm’s angle of approach, the shape of the ocean floor and the low…
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World’s first 3D-printed hotel takes shape in Texas
MARFA, Texas — It looks like any other 3D printer — except it’s the size of a crane and is, layer by layer, building a hotel in the Texan desert. El Cosmico, an existing hotel and campground on the outskirts of the city of Marfa, is expanding. It is building 43 new hotel units and…
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Mortgage refinance boom takes hold, as weekly demand surges 20%
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year…
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‘I can last as long as it takes’
RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A failure to get a deal done could be even more expensive. In the shadow of a factory outside Seattle where Boeing makes its best-selling planes, picketing Boeing machinists told CNBC they have saved up money and have taken…
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Marxist-leaning president takes power in Sri Lanka, a country long led by dynasties
COLOMBO — Sri Lanka’s leftist leader Anura Kumara Dissanayake took office as president on Monday, promising change in the island nation long led by powerful political families which is emerging from its worst economic crisis in more than seven decades. Millions of Sri Lankans had voted for the opposition parliamentarian, putting faith in his graft-fighting…