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Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says

Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says Bloomberg 2/24/2021 Brian K. Sullivan © Bloomberg Workers repair a power line in Austin, Texas, U.S., on Thursday, Feb. 18, 2021. Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. (Bloomberg) Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Popular Searches Arctic cold brought ice and sub-zero temperatures across Texas, disrupting the state’s grid and its ability to produce electricity. A lack of power meant homes and businesses were left without heat during the coldest days of the season.

Texas Power Grid Chair, Directors Quit in Wake of Blackouts

Texas Power Grid Chair, Four Directors Quit in Wake of Blackouts

Texas Power Grid Chair, Directors Quit in Wake of Blackouts

Texas Power Grid Chair, Directors Quit in Wake of Blackouts
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Kroger Closing Two California Stores Over Pay-Raise Rules

Kroger Closing Two California Stores Over Pay-Raise Rules Bloomberg 2/2/2021 © Bloomberg Workers assist a customer at the checkout counter of a Kroger Marketplace store. (Bloomberg) Kroger Co. plans to close two Southern California supermarkets following passage of a local ordinance that requires grocery stores to raise their frontline workers’ hourly pay by $4. A Ralphs store and a Food 4 Less store in Long Beach, California, will close on April 17, the company said in a statement Monday. A spokesperson declined to provide additional information on the decision, such as how many employees will lose their jobs. Several localities, including Seattle and Santa Monica, California, passed similar mandates in January requiring large grocery chains to increase pay during the pandemic. In Long Beach, the ordinance will require a $4 an hour “hero pay” raise for workers at chains that employ more than 300 workers nationally and at least 15 workers locally.

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