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PG&E rolling blackouts catch Stockton clients by shock



Surprise. >> IT WAS Concerning WE DID NOT GET ANY Sort OF WARNING. Going TO Enable US KNOW Soon after THEY Claimed THEY WOULD NOT DO IT, SOME Form OF CAUGHT US OFF GUARD. EMILY: WE Noticed FLASHING LIGHTS. SAN JOAQUIN COUNTY BLOCKED OFF Starting up About 6:30. AS Shortly AS BAC WENT OFF, — THE AC WENT OFF, HE AND HIS Little ones WENT TO Remain WITH Household IN TRACY. STUART AND HIS 5 RANCHES Ended up IN THE POOL WHEN THEY Discovered THE Energy WAS OFF. >> I Stated Really do not Open up THE Fridge OR THE FREEZER AND Maintain THE Doors SHUT Simply because THE Residence WAS Amazing. IT TAUGHT US BY Surprise. THE Ladies Were being Form OF — DID NOT KNOW WHAT WAS Heading ON SO THEY Received THE Lovers AND Things.

PG&E rolling blackouts capture Stockton shoppers by shock

Rolling blackouts across California caught customers by surprise.PG&E driven down the grid to more than 220,000 clients on Saturday evening, including more than 60,000 in San Joaquin County. “It was about that we didn’t get any sort of warning,” said Wil Stewart, who life in Stockton. “Nobody enable us know immediately after they mentioned they weren’t likely to do it. It type of caught us off guard a small little bit.”Stewart was in the pool with his granddaughters when he recognized the ability was out.“I just definitely immediately said, ‘Don’t open up the fridge or freezer, so that takes care of that,’” Stewart claimed. “And we held the doorways shut because the house was somewhat cool. It did capture us by shock and the women, not recognizing what was likely on, acquired the fans out.”PG&E said it was directed by the California Impartial Technique Operator to perform rotating electric power outages to lessen the strain on the energy grid for the duration of a statewide heat wave.PG&E said it had restored power to “essentially all” impacted buyers by 9:30 p.m. on Saturday.

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Rolling blackouts across California caught prospects by surprise.

PG&E driven down the grid to extra than 220,000 customers on Saturday evening, like extra than 60,000 in San Joaquin County.

“It was concerning that we didn’t get any variety of warning,” reported Wil Stewart, who lives in Stockton. “Nobody let us know immediately after they mentioned they were not likely to do it. It type of caught us off guard a minor little bit.”

Stewart was in the pool with his granddaughters when he recognized the electrical power was out.

“I just definitely speedily mentioned, ‘Don’t open up the fridge or freezer, so that usually takes treatment of that,’” Stewart mentioned. “And we stored the doors shut for the reason that the house was fairly awesome. It did catch us by surprise and the ladies, not figuring out what was going on, got the followers out.”

PG&E stated it was directed by the California Independent Process Operator to conduct rotating power outages to reduce the pressure on the electrical power grid during a statewide warmth wave.

PG&E said it had restored electrical power to “essentially all” impacted consumers by 9:30 p.m. on Saturday.

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these are the 10 foods that have grown the most in the last week



these are the 10 foods that have grown the most in the last week

Since the beginning of the conflict in Ukraine, food prices have risen steadily, and this week was no exception. The DECO Protest analysis of the staple food basket recorded a slight increase of 0.2% (plus 40 cents) over the last week and is now worth a total of 210.83 euros.

“The growth is felt in all food categories, and, above all, the prices of meat and fish have risen the most,” the consumer association noted.

According to the organization, “From February 23 to October 5, the number of fish has already increased by 18.99% (another 11.45 euros). Calculating that for just one kilogram of salmon, hake, horse mackerel, black sheath, sea bass, sea bream, perch and cod, the consumer may have to spend an average of 71.76 euros. Meat, in turn, has risen in price by 17.6% (plus 5.67 euros). A kilogram of pork loin, chicken, pork chops, pork chops, turkey steaks, veal for cooking and turkey leg can now be bought for an average of 37.92 euros.”

The Consumer Protection Association monitors weekly prices for a basket of 63 staples, which includes items such as turkey, chicken, hake, horse mackerel, onions, potatoes, carrots, bananas, apples, oranges, rice, spaghetti, sugar. , ham, milk, cheese and butter.

Between September 28 and October 5, the ten products with the highest price increases were tomato pulp (up 9%), squash (up 8%), spaghetti (up 7%), onions (up 7%), black sheath (up 6%). %), curly lettuce (up to 6%), ground roasted coffee (up to 4%), cod (up to 4%), tuna in vegetable oil (plus 4%) and whole grains (plus 3%).

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Since DECO started its analysis on February 23, the day before Russia’s invasion of Ukraine, the price of the same basket has already risen by 14.82%, costing €27.2 more this week than it was worth at the end of February.

“Fish (18.99% more) and meat (17.6% more) stand out in the period analyzed by DECO Proteste, but fruits and vegetables (15.56% more), dairy products (11.09% more) , grocery stores (up 10.43%) and frozen products (up 5.33%) also rose.

“The top 10 items that rose the most between Feb. 23 and Oct. 5 were fresh hake (up 64%), broccoli (up 48%), cabbage (up 42%), whole grain chicken (up 64%). 32%), turkey. steak (30% more), tomato pulp (28% more), maria cookies (27% more), baking flour (24% more), sea bream (22% more) and whole grains (21% more) % more).

The association explains that this increase is due to the fact that Portugal is “heavily dependent on external markets to guarantee the supply of cereals needed for domestic consumption”, which “currently represent only 3.5% of national agricultural production: mainly corn (56 %). , wheat (19%) and rice (16%).

“And if in the early 1990s self-sufficiency in grain was about 50%, now the value does not exceed 19.4%, which is one of the lowest rates in the world and forces the country to import about 80% of grain. ” adds Deku.

The organization elaborates that “the Russian invasion of Ukraine, where most of the grains consumed in the European Union, and therefore in Portugal, comes from, has put even more pressure on the sector, which has been struggling with the effects of the pandemic and drought for months. with a strong influence on production and stockpiling.”

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“Limiting the supply of raw materials and increasing the cost of production, namely the energy needed for agri-food production, can thus be reflected in higher prices in international markets and, consequently, in prices at the consumer,” he emphasizes.

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Europe plunges into the Red Sea. Oil rises as euro falls against dollar – Markets in a Minute



European markets are in the red.  Interest on Portugal's debt hits 2.5% - Markets in a minute

Europe is optimistic about the beginning of the session. Shell spends energy in anticipation of marginal losses

Europe was full of optimism and started the session in positive territory after finishing the session in the red on Wednesday. This week was particularly volatile as investors anticipated signs of tight central bank monetary policy going forward.

Stoxx 600 adds 0.39% to 400.45 points. Among the 20 sectors that make up the index, losses are controlled by energy. European stocks in this sector were tainted with bad news from Shell.

Shares of the London-listed oil company tumbled 3.93% after the company this Thursday expected refining margins to fall from $28/bbl in the second quarter to $15/bbl between July and September. On the other hand, travel, leisure and retail lead the way.

Elsewhere in Europe, Madrid added 0.33%, Frankfurt 0.52% and Paris 0.31%. Amsterdam is up 0.34%, while London is trading at the waterline (0.07%). Milan goes against the trend and loses 0.29%. Here PSI follows the trend and rises by 0.29%.

In a major market move, Credit Suisse rose 3.2% after JPMorgan Chase revised upwards its Hold recommendation. In turn, Imperial Brands shares rose 4.3% after announcing a share buyback program of up to £1bn (around €1.14bn at current exchange rates).

European equities are enjoying a particularly volatile start to the fourth quarter as investors weigh in on central bank monetary policy and a slowdown in macroeconomic data, while short sellers retreat after betting on a decline in Old Continent-listed securities. .

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The banking sector, which is more sensitive to changes in interest rates, and technology, which mainly consists of growth stocks, which are more sensitive to changes in monetary policy, will be the sectors most followed by the market during the session, as the ECB publishes reports from the latest monetary policy meeting. – a credit policy on which direct interest rates were raised by 75 basis points as never before.

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Economic situation ‘will get worse before it gets better’: IMF director warns



Economic situation 'will get worse before it gets better': IMF director warns

Kristalina Georgieva admits that the war in Ukraine violated the forecasts of the International Monetary Fund

The Director General of the International Monetary Fund (IMF) said on Thursday that the global economic situation, aggravated rising inflation “it will still get worse before it gets better”, acknowledging that the invasion of Ukraine undermined the organization’s predictions.

Speaking at Georgetown University in Washington DC, Kristalina Georgieva said he thought the situation would “get worse before it gets better”.

“Uncertainty is very high,” he said, highlighting the effects of the war, noting that the pandemic “hasn’t gone away yet” and adding that “the risks associated with financial stability are growing.”

The IMF’s director-general said the organization had again lowered its forecasts for the global economy in 2023, projecting four billion euros of lower economic growth through 2026.

Georgieva also revealed that the institution had already cut its global growth forecast three times and now expects 3.2% this year and 2.9% in 2023.

The IMF Director General said that the situation could be resolved by three priorities for the economies, calling, firstly, for measures to reduce inflation, preventing it from “fixing” at current levels. However, these efforts must be balanced, he said, because otherwise they could plunge “many countries into a protracted recession.”

“Central banks must continue to respond,” he said, “even if the economy slows down.”

The second priority, Georgieva said, includes fiscal measures that protect “the most vulnerable families and businesses,” warning that these measures must be “very targeted” and urging countries “not to subsidize the rich.” The IMF Director General also warned of the negative effects of universal price controls.

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Finally, Georgieva stressed the importance of supporting emerging market and developing countries.

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