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Wall Street is thirsty for its next big investment opportunity: The West’s vanishing water

Published Sat, 08 Feb 2025 02:47:12 GMT

By Lucy Kafanov | CNNSituated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300 people, depending on the season.Life here depends almost entirely on the Colorado River, which nourishes thirsty crops like cotton and alfalfa, sustains a nearby wildlife refuge and allows visitors to enjoy boating and other recreation.It’s a place few Americans are likely to have heard of, which made it all the more surprising when investment firm Greenstone Management Partners bought nearly 500 acres of land here. On its website, Greenstone says its “goal is to advance water transactions that benefit both the public good and private enterprise.”But critics accuse Greenstone — a subsidiary of the East Coast financial services conglomerate MassMutual — of trying to profit off Cibola’s most precious and limited resource: water. And it comes at a time when Arizona’s allocation of Colorado River wat...

California man arrested 10 times in 1 month, police say

Published Sat, 08 Feb 2025 02:47:12 GMT

CLOVIS, Calif. (KSEE/KGPE) - A Fresno man has been arrested for the tenth time in a single month, according to the Clovis Police Department.38-year-old Keith Chastain was booked into the Fresno County Jail for the tenth time since Feb. 19, 2023, officials say.The most recent arrest took place Tuesday evening when Clovis Police say they received a call about a stolen truck that Chastain was suspected of driving.An officer located the stolen truck driving in Old Town Clovis and followed it until additional officers were in the area, according to authorities. Officers initiated a high-risk traffic stop in front of the Clovis Police Department and arrested Chastain without incident. Photo Credit: Clovis Police DepartmentOfficers say he was the only person in the stolen truck and was on his way to pick up his personal property from the police department when he was arrested. During these 10 arrests in 31 days, Chastain was arrested by Clovis Police six times - and other agencies four tim...

Michael Jordan considering sale of Hornets; no deal imminent

Published Sat, 08 Feb 2025 02:47:12 GMT

Michael Jordan is considering selling the Charlotte Hornets.The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, which is Michael Jordan’s family office, said in a statement to The Associated Press on Wednesday. “As a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake.”No deal is imminent.“At this time, it is unclear whether an additional sale will take place,” the statement read.In 2019, Jordan sold a portion of the Hornets to Plotkin, a founder of Melvin Capital, and Daniel Sundheim of DI Capital, but he still controls the vast majority of the team’s equity.It’s unclear whether Jordan is looking to sell his entire majority stake in the team.Jordan is the NBA’s only Black owner. He ...

NHL players: Crosby most complete; McDavid tops for clutch

Published Sat, 08 Feb 2025 02:47:12 GMT

Pittsburgh Penguins captain Sidney Crosby continues being regarded by his peers as the NHL’s most complete player, though he takes a backseat to Edmonton’s Connor McDavid in having the best chance to produce in the clutch.Those are among the findings in the National Hockey League Players’ Association releasing its sixth annual and eighth overall survey of players on Wednesday. Overall, 625 players participated in answering 14 questions.Crosby, a two-time regular-season and two-time playoff MVP, earned just over 30% of the vote in the most complete player category which he’s now won or shared first place for a fourth consecutive year. Boston’s Patrice Bergeron, with 18.8% of the vote, and Florida’s Aleksander Barkov (17.1%), finished in the top three for a fourth straight year, with McDavid ranking fourth.The tables turned when it came to McDavid — who is running away with the NHL points race — earning 59.3% of the vote in who players would want next to them in a must-win situation, ...

GM to stop making the Camaro but a successor may be in works

Published Sat, 08 Feb 2025 02:47:12 GMT

DETROIT (AP) — The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production.General Motors, which sells the brawny muscle car, said Wednesday it will stop making the current generation early next year.The future of the car, which is raced on NASCAR and other circuits, is a bit murky. GM says another generation may be in the works.“While we are not announcing an immediate successor today, rest assured, this is not the end of Camaro’s story,” Scott Bell, vice president of Chevrolet, said in a statement.The current sixth-generation Camaro, introduced in 2016, has done well on the racetrack, but sales have been tailing off in recent years. When the current generation Camaro came out in 2016, Chevrolet sold 72,705 of them. But by the end of 2021 that number fell almost 70% to 21,893. It rebounded a bit last year to 24,652. GM said last of the 2024 model year of the cars will come off the assembly line in Lansing, Michigan, in January.Sp...

Princeton’s journey becomes face of March Madness’ COVID era

Published Sat, 08 Feb 2025 02:47:12 GMT

Princeton forward Tosan Evbuomwan spent his first three college seasons enduring one disappointment after another.Reaching the NCAA Tournament and advancing to the Sweet 16 made it all worthwhile.After the 2020 Ivy League Tournament was canceled, after the entire 2020-21 season was canceled, after losing by two points in the conference’s 2022 tourney title game and after watching three friends transfer just to keep playing in 2022-23, this resilient 6-foot-8 Brit has taken the Tigers on their deepest NCAA Tournament run since 1967 and has emerged as survivor of one of college basketball’s strangest journeys.“I think it did start with that COVID year,” Evbuomwan said. ”There was a togetherness with that group. One of my favorite things about that time was the Zooms with one another, the Face Times, just talking about what we wanted the next season. We wanted a championship.”Now, the Ivy League tourney champions are the talk of the nation and an illustration of...

Lazio fan wearing ‘Hitlerson’ shirt among 3 banned for life

Published Sat, 08 Feb 2025 02:47:12 GMT

ROME (AP) — A fan wearing a shirt with a reference to Adolf Hitler was banned for life from attending Lazio matches by the Roman club on Wednesday.Authorities reviewed security camera footage from inside the Stadio Olimpico after pictures of the fan wearing a Lazio shirt with the name “Hitlerson” and the No. 88 — which is a numerical code for “Heil Hitler” — circulated on social media following Lazio’s 1-0 win over Roma in the city derby on Sunday.Two other fans of the Roman club were also banned for life for performing Roman salutes, which are associated with fascism.Lazio said the three fans “have nothing to do” with supporting the club and “have shown forms of discrimination and antisemitism.”The Italian league is still reviewing the behavior of Lazio fans during the derby.The club was already ordered to play a game with part of the Stadio Olimpico closed to spectators after fans directed racist chants at Lecce defender Samuel Umtiti and winger Lameck Banda, who are both Bl...

UN chief urges ‘game-changing’ commitments on clean water

Published Sat, 08 Feb 2025 02:47:12 GMT

UNITED NATION (AP) — The United Nations chief urged the first world conference on water in over 45 years on Wednesday to address the “21st century emergency” that is wasting the world’s most important resource and has left billions of people without clean water and basic sanitation.Secretary-General Antonio Guterres told the opening session that water is “humanity’s lifeblood” and a human right, but the world is draining it “through vampiric overconsumption and unsustainable use and evaporating it through global heating.”In a challenge to all nations and the broader international community, he said the three-day conference must represent “a quantum leap” in recognition of the vital importance of water and the need for action to ensure its sustainable use.Guterres called for “game-changing commitments” toward U.N. goals, including ensuring that all people have access to drinking water and sanitation by 2030. The U.N. World Water Development Report, issued on the eve of the conference...

Stylist Law Roach working on his health post-retirement

Published Sat, 08 Feb 2025 02:47:12 GMT

LOS ANGELES (AP) — Celebrity stylist Law Roach, who helped reinvent Zendaya and turned Celine Dion into a fashion icon, shocked the industry last week when he announced his retirement from dressing the rich and famous.“My Cup is empty,” he wrote in part March 14 on Instagram, explaining: “If this business was just about the clothes I would do it for the rest of my life but unfortunately it’s not! The politics, the lies and false narratives finally got me! You win … I’m out.”Without further clarification on the since-deleted post, the 44-year-old Roach followed up his huge red “RETIRED” graphic with a round of interviews, telling The Associated Press on Tuesday night: “I was just going through something and I just needed to, to release everything I was going through.”The retirement part, from celebrity styling at least, is real, he said on the red carpet at the Fashion Trust US Awards.“I felt like that was the best way for me to walk away from the industry for a while to ...

Firefighters battling ‘significant’ brush fire in DC’s Rock Creek Park

Published Sat, 08 Feb 2025 02:47:12 GMT

Firefighters are working to put out a large brush fire in Northwest D.C.’s Rock Creek Park.D.C. Fire and EMS spokesman Vito Maggiolo said the “significant” fire began just before 1 p.m. in the area of Beach Drive and Piney Branch Parkway. The blaze was affecting between 3 and 4 acres of forest.More DC NewsMore Local NewsThe department shared images on social media of crews working to prevent flames from spreading uphill and threatening nearby homes on Quincy Street NW.Update large brush fire Rock Creek Park vicinity Piney Branch Pkwy NW. Several additional units requested. Continue efforts to surround fire & protect structures where necessary. #DCsBravest pic.twitter.com/bHZP9qtQc7— DC Fire and EMS (@dcfireems) March 22, 2023Maggiolo said recent dry weather coupled with Wednesday’s breezy weather caused the fire to spread faster than usual.Drivers may encounter delays or stoppages between Arkansas Avenue NW and Beach Drive NW due to fire department activi...