labor and employment – TheNewsHub https://thenewshub.in Fri, 14 Apr 2023 20:07:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Still haven't filed your taxes? Here's what you need to know https://thenewshub.in/2023/04/14/still-havent-filed-your-taxes-heres-what-you-need-to-know/ https://thenewshub.in/2023/04/14/still-havent-filed-your-taxes-heres-what-you-need-to-know/?noamp=mobile#respond Fri, 14 Apr 2023 20:07:40 +0000 https://thenewshub.in/2023/04/14/still-havent-filed-your-taxes-heres-what-you-need-to-know/


New York
CNN
 — 

So far this tax season, the IRS has received more than 100 million income tax returns for 2022.

That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches.

Not everyone has to file on April 18: If you live in a federally declared disaster area, have a business there — or have relevant tax documents stored by businesses in that area — it’s likely the IRS has already extended the filing and payment deadlines for you. Here is where you can find the specific extension dates for each disaster area.

Thanks to many rounds of extreme weather in recent months, for instance, tax filers in most of California — which accounts for 10% to 15% of all federal filers — have already been granted an extension until Oct. 16 to file and to pay, according to an IRS spokesperson.

If you’re in the armed forces and are currently or were recently stationed in a combat zone, the filing and payment deadlines for your 2022 taxes are most likely extended by 180 days. But your specific extended filing and payment deadlines will depend on the day you leave (or left) the combat zone. This IRS publication offers more detail.

Lastly, if you made little to no money last year (typically less than $12,950 for single filers and $25,900 for married couples), you may not be required to file a return. But you may want to anyway if you think you are eligible for a refund thanks to, for instance, refundable tax credits such as the Earned Income Tax Credit. (Use this IRS tool to gauge whether you are required to file this year.) You also are likely eligible to use IRS Free File (intended for those with adjusted gross income of $73,000 or less) so it won’t cost you to submit a return.

Your paycheck may not be your only source of income: If you had one full-time job you may think that is the only income you made and have to report. But that’s not necessarily so.

Other potentially taxable and reportable income sources include:

  • Interest on your savings
  • Investment income (e.g., dividends and capital gains)
  • Pay for part-time or seasonal work, or a side hustle
  • Unemployment income
  • Social Security benefits or distribution from a retirement account
  • Tips
  • Gambling winnings
  • Income from a rental property you own

Organize your tax documents: By now you should have received every tax document that third parties are required to send you (your employer, bank, brokerage, etc.).

If you don’t recall receiving a hard copy of a tax form in the mail, check your email and your online accounts — a document may have been sent to you electronically.

Here are some of the tax forms you may have received:

  • W-2 from your wage or salaried jobs
  • 1099-B for capital gains and losses on your investments
  • 1099-DIV from your brokerage or company where you own stock for dividends or other distributions from their investments
  • 1099-INT for interest over $10 on your savings at a financial institution
  • 1099-NEC from your clients, if you worked as a contractor
  • 1099-K for payments for goods and services through third-party platforms like Venmo, CashApp or Etsy. The 1099-K is required if you made more than $20,000 in over 200 transactions during the year. (Next year the reporting threshold drops to $600.) But even if you didn’t get a 1099-K you still must report all the income that you made over third-party platforms in 2022.
  • 1099-Rs for distributions over $10 that you received for a pension, annuity, retirement account, profit-sharing plan or insurance contract
  • SSA-1099 or SSA-1042S for Social Security benefits received.

“Be aware that there’s no form for some taxable income, like proceeds from renting out your vacation property, meaning you’re responsible for reporting it on your own,” according to the Illinois CPA Society.

One very last-minute way to reduce your 2022 tax bill: If you’re eligible to make a tax-deductible contribution to an IRA and haven’t done so for last year, you have until April 18 to contribute up to $6,000 ($7,000 if you’re 50 or older). That will reduce your tax bill and augment your retirement savings.

Proofread your return before submitting it: Do this whether you’re using tax software or working with a professional tax preparer.

Little mistakes and oversights delay the processing of your return (and the issuance of your refund if you’re owed one). You want to avoid things like having a typo in your name, birth date, Social Security number or direct deposit number; choosing the wrong filing status (e.g., married vs single); making a simple math error; or leaving a required field blank.

What to do if you can’t file by April 18: If you’re not able to file by next Tuesday, fill out Form 4868 electronically or on paper and send it in by April 18. You will be granted an automatic six-month extension to file.

Note, however, that an extension to file is not an extension to pay. You will be charged interest (currently running at 7%) and a penalty on any amount you still owe for 2022 but haven’t paid by April 18.

So if you suspect you still owe tax — perhaps you had some income outside of your job for which tax wasn’t withheld or you had a big capital gain last year — approximate how much more you owe and send that money to the IRS by Tuesday.

You can choose to do so by mail, attaching a check to your extension request form. Make sure your envelope is postmarked no later than April 18.

Or the more efficient route is pay what you owe electronically at IRS.gov, said CPA Damien Martin, a tax partner at EY. If you do that, the IRS notes you will not have to file a Form 4868. “The IRS will automatically process an extension of time to file,” the agency notes in its instructions.

If you opt to electronically pay directly from your bank account, which is free, select “extension” and then “tax year 2022” when given the option.

You can also pay by credit or debit card, but you will be charged a processing fee. Doing so, though, may become much more costly than just a fee if you charge your tax payment but don’t pay your credit card bill off in full every month, since you likely pay a high interest rate on outstanding balances.

If you still owe income taxes to your state, remember that you may need to go through a similar exercise of filing for an extension and making a payment to your state’s revenue department, Martin said.

Use this interactive tax assistant for basic questions you may have: The IRS provides an “interactive tax assistant” that can help you answer more than 50 basic questions pertaining to your individual circumstance on income, deductions, credits and other technical questions.

]]>
https://thenewshub.in/2023/04/14/still-havent-filed-your-taxes-heres-what-you-need-to-know/feed/ 0
Retail spending fell in March as consumers pull back https://thenewshub.in/2023/04/14/retail-spending-fell-in-march-as-consumers-pull-back/ https://thenewshub.in/2023/04/14/retail-spending-fell-in-march-as-consumers-pull-back/?noamp=mobile#respond Fri, 14 Apr 2023 14:29:52 +0000 https://thenewshub.in/2023/04/14/retail-spending-fell-in-march-as-consumers-pull-back/


Washington, DC
CNN
 — 

Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears.

Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% decline, according to Refinitiv, and above the revised 0.2% decline in the prior month.

Investors chalk up some of the weakness to a lack of tax returns and concerns about a slowing labor market. The IRS issued $84 billion in tax refunds this March, about $25 billion less than they issued in March of 2022, according to BofA analysts.

That led consumers to pull back in spending at department stores and on durable goods, such as appliances and furniture. Spending at general merchandise stores fell 3% in March from the prior month and spending at gas stations declined 5.5% during the same period. Excluding gas station sales, retail spending retreated 0.6% in March from February.

However, retail spending rose 2.9% year-over-year.

Smaller tax returns likely played a role in last month’s decline in retail sales, along with the expiration of enhanced food assistance benefits, economists say.

“March is a really important month for refunds. Some folks might have been expecting something similar to last year,” Aditya Bhave, senior US economist at BofA Global Research, told CNN.

Credit and debit card spending per household tracked by Bank of America researchers moderated in March to its slowest pace in more than two years, which was likely the result of smaller returns and expired benefits, coupled with slowing wage growth.

Enhanced pandemic-era benefits provided through the Supplemental Nutrition Assistance Program expired in February, which might have also held back spending in March, according to a Bank of America Institute report.

Average hourly earnings grew 4.2% in March from a year earlier, down from the prior month’s annualized 4.6% increase and the smallest annual rise since June 2021, according to figures from the Bureau of Labor Statistics. The Employment Cost Index, a more comprehensive measure of wages, has also shown that worker pay gains have moderated this past year. ECI data for the first quarter of this year will be released later this month.

Still, the US labor market remains solid, even though it has lost momentum recently. That could hold up consumer spending in the coming months, said Michelle Meyer, North America chief economist at Mastercard Economics Institute.

“The big picture is still favorable for the consumer when you think about their income growth, their balance sheet and the health of the labor market,” Meyer said.

Employers added 236,000 jobs in March, a robust gain by historical standards but smaller than the average monthly pace of job growth in the prior six months, according to the Bureau of Labor Statistics. The latest monthly Job Openings and Labor Turnover Survey, or JOLTS report, showed that the number of available jobs remained elevated in February — but was down more than 17% from its peak of 12 million in March 2022, and revised data showed that weekly claims for US unemployment benefits were higher than previously reported.

The job market could cool further in the coming months. Economists at the Federal Reserve expect the US economy to head into a recession later in the year as the lagged effects of higher interest rates take a deeper hold. Fed economists had forecast subdued growth, with risks of a recession, prior to the collapses of Silicon Valley Bank and Signature Bank.

For consumers, the effects of last month’s turbulence in the banking industry have been limited so far. Consumer sentiment tracked by the University of Michigan worsened slightly in March during the bank failures, but it had already shown signs of deteriorating before then.

The latest consumer sentiment reading, released Friday morning, showed that sentiment held steady in April despite the banking crisis, but that higher gas prices helped push up year-ahead inflation expectations by a full percentage point, rising from 3.6% in March to 4.6% in April.

“On net, consumers did not perceive material changes in the economic environment in April,” Joanne Hsu, director of the surveys of consumers at the University of Michigan, said in a news release.

“Consumers are expecting a downturn, they’re not feeling as dismal as they were last summer, but they’re waiting for the other shoe to drop,” Hsu told Bloomberg TV in an interview Friday morning.

This story has been updated with context and more details.

]]>
https://thenewshub.in/2023/04/14/retail-spending-fell-in-march-as-consumers-pull-back/feed/ 0
Lovie Smith said the NFL had ‘a problem’ about Black coaches. A year later he was fired and the league is being criticized yet again about its lack of diversity | CNN https://thenewshub.in/2023/01/11/lovie-smith-said-the-nfl-had-a-problem-about-black-coaches-a-year-later-he-was-fired-and-the-league-is-being-criticized-yet-again-about-its-lack-of-diversity-cnn/ https://thenewshub.in/2023/01/11/lovie-smith-said-the-nfl-had-a-problem-about-black-coaches-a-year-later-he-was-fired-and-the-league-is-being-criticized-yet-again-about-its-lack-of-diversity-cnn/?noamp=mobile#respond Wed, 11 Jan 2023 11:46:19 +0000 https://thenewshub.in/2023/01/11/lovie-smith-said-the-nfl-had-a-problem-about-black-coaches-a-year-later-he-was-fired-and-the-league-is-being-criticized-yet-again-about-its-lack-of-diversity-cnn/



CNN
 — 

When Lovie Smith was hired by the Houston Texans in February 2022 as the team’s new head coach, he said the NFL had “a problem” with hiring Black coaches and diversity.

“I realize the amount of Black head coaches there are in the National Football League,” Smith told reporters just under a year ago.

“There’s Mike Tomlin and I think there’s me, I don’t know of many more. So there’s a problem, and it’s obvious for us. And after there’s a problem, what are you going to do about it?”

Smith was fired Monday at the end of his one and only season at the helm of the Texans, finishing with a record of 3-13-1.

Smith is the second Black coach in two years to be relieved of his duties by the Texans, which fired David Culley at the end of the 2021 season.

Smith’s time in charge wasn’t full of wins and high points – though his parting gift to the organization was a last-minute Hail Mary victory over the Indianapolis Colts, which saw them relinquish the No. 1 pick in the 2023 NFL draft to the Chicago Bears. But his Texans team showed togetherness and competence, traits often desired by outfits undergoing a rebuild.

Houston general manager Nick Caserio said Smith’s firing was the best decision for the team right now.

“On behalf of the entire organization, I would like to thank Lovie Smith for everything he has contributed to our team over the last two seasons as a coach and a leader,” Caserio said in a statement.

“I’m constantly evaluating our football operation and believe this is the best decision for us at this time. It is my responsibility to build a comprehensive and competitive program that can sustain success over a long period of time. We aren’t there right now, however, with the support of the McNair family and the resources available to us, I’m confident in the direction of our football program moving forward.”

But the firing of the 64-year-old coach, the Texans organization as a whole, and the measures implemented by the league to promote diversity have been heavily criticized by former players and TV pundits.

“The Houston Texans have fired Lovie Smith after 1 year. Using 2 Black Head Coaches to tank and then firing them after 1 year shouldn’t sit right with anyone,” former NFL quarterback Robert Griffin III tweeted Sunday, when news of Smith’s firing broke.

On ESPN, Stephen A. Smith and NFL Hall of Famer Michael Irvin also condemned the decision. Smith called the Texans organization an “atrocity.”

“They are an embarrassment. And as far as I’m concerned, if you’re an African American, and you aspire to be a head coach in the National Football League, there are 31 teams you should hope for. You should hope beyond God that the Houston Texans never call you,” Smith said.

Irvin said Black coaches are being used as “scapegoats” by the Texans.

“It’s a mess in Houston and they bring these guys in and they use them as scapegoats. And this is what African American coaches have been yelling about for a while and it’s blatant, right in our face,” he said.

When CNN contacted the Texans for comment, the team highlighted the moment at Monday’s news conference when Caserio was asked why any Black coach would consider working for the team, and his response was that individual candidates would have to make their own choices.

Smith on the sidelines during a game against the Indianapolis Colts.

“In the end it’s not about race. It’s about finding quality coaches,” the general manager said. “There’s a lot of quality coaches. David (Culley) is a quality coach. Lovie (Smith) is a quality coach.

“In the end, each coach has their own beliefs. Each coach has their own philosophy. Each coach has their comfort level about what we’re doing. That’s all I can do is just be honest and forthright, which I’ve done from the day that I took this job, and I’m going to continue to do that and try to find a coach that we feel makes the most sense for this organization. That’s the simplest way I can answer it, and that’s my commitment.

“That’s what I’m hired to do, and that’s what I’m in the position to do. At some point, if somebody feels that that’s not the right decision for this organization, then I have to respect that, and I have to accept it.”

CNN has reached out to Lovie Smith for comment.

At the beginning of the 2022 season, NFL.com reported Smith was one one of just six minority head coaches in the NFL, a low number in a league where nearly 70% of the players are Black.

Since Art Shell was hired by the Los Angeles Raiders in 1989 as the first Black head coach in modern history, there have been 191 people hired as head coaches, but just 24 have been Black.

However, the NFL has taken steps to increase diversity in the coaching ranks.

Notably, in 2003, the NFL introduced the Rooney Rule to improve hiring practices in a bid to “increase the number of minorities hired in head coach, general manager, and executive positions.”

But the Rooney Rule hasn’t been an unqualified success.

In 2003, the Detroit Lions were fined $200,000 for not interviewing any minority coaches before hiring Steve Mariucci as their new head coach.

In response to criticism, the NFL announced it was setting up a diversity advisory committee of outside experts to review its hiring practices last March. Teams would also be required to hire minority coaches as offensive assistants.

Despite changes to the rule being implemented in recent years to strengthen it, a 2022 lawsuit alleges that some teams have implemented “sham” interviews to fulfill the league’s diversity requirements.

Last February, former Miami Dolphins head coach Brian Flores filed a federal civil lawsuit against the NFL, the New York Giants, the Denver Broncos and the Miami Dolphins organizations alleging racial discrimination.

Flores looks on during his time as the head coach of the Miami Dolphins during a game against the New York Jets.

Flores, who is Black, said in his lawsuit that the Giants interviewed him for their vacant head coaching job under disingenuous circumstances.

Two months after submitting the initial lawsuit, Flores added the Texans to it, alleging the organization declined to hire him this offseason as head coach “due to his decision to file this action and speak publicly about systemic discrimination in the NFL.”

In response to the lawsuit, the Texans said their “search for our head coach was very thorough and inclusive.”

The NFL called Flores’ allegations meritless.

“The NFL and our clubs are deeply committed to ensuring equitable employment practices and continue to make progress in providing equitable opportunities throughout our organizations,” the league said in response to the lawsuit.

“Diversity is core to everything we do, and there are few issues on which our clubs and our internal leadership team spend more time. We will defend against these claims, which are without merit.”

But 12 months after firing their last Black head coach, the Texans have fired another one.

“How do you hire two African Americans, leave them one year and then get rid them?” questioned NFL Hall of Famer Irvin.

“You know the mess that Houston is,” Irvin added. “We get the worst jobs and we don’t get the opportunity to fix the worst jobs, just like this.

“I don’t know any great White coach that would take the (Texans) job unless you give them some guarantees. ‘You’re going to have to guarantee me four years to turn this place around.’ But the African American coaches can’t come in with that power because Lovie wouldn’t have got another job.

“This was his last chance to get back into the NFL and you have to take what’s on the table to try to change that.”

Irvin speaks on media row ahead of Super Bowl LVI on February 10, 2022 in Los Angeles.

The Texans are now searching for a new head coach under general manager Caserio. The new appointment will be Caserio’s third coach in the role: It is almost unprecedented for a general manager to get the opportunity to hire a third head coach with the same team.

Texans chairman and CEO Cal McNair said he would take on a more active role in the hiring process. The next head coach will be the organization’s fourth in three years.

According to the NFL, the Texans have requested to speak to five candidates already about filling Smith’s position, a list that includes two Black coaches.

After Smith was hired in March 2021, McNair said: “I’ve never seen a more thorough, inclusive, and in-depth process than what Nick (Caserio) just went through with our coaching search.”

At that introductory news conference, Smith spoke candidly about how to bring greater diversity to the NFL coaching ranks.

“People in positions of authority throughout – head coaches, general managers – you’ve got to be deliberate about trying to get more Black athletes in some of the quality control positions just throughout your program. If you get that, they can move up, that’s one way to get more.”

Smith continued: “It’s not just an interview, if you’re interviewing a Black guy. It’s about having a whole lot of guys to choose from that look like me. And it’s just not about talk. You look at my staff, that’s what I believe in. And letting those guys show you who they are. That’s how we can increase it, then it’s left up to people to choose. We all have an opportunity to choose, and that’s how I think we’ll get it done.”



]]>
https://thenewshub.in/2023/01/11/lovie-smith-said-the-nfl-had-a-problem-about-black-coaches-a-year-later-he-was-fired-and-the-league-is-being-criticized-yet-again-about-its-lack-of-diversity-cnn/feed/ 0
Big-box stores could help slash emissions and save millions by putting solar panels on roofs. Why aren't more of them doing it? https://thenewshub.in/2022/03/20/big-box-stores-could-help-slash-emissions-and-save-millions-by-putting-solar-panels-on-roofs-why-arent-more-of-them-doing-it/ https://thenewshub.in/2022/03/20/big-box-stores-could-help-slash-emissions-and-save-millions-by-putting-solar-panels-on-roofs-why-arent-more-of-them-doing-it/?noamp=mobile#respond Sun, 20 Mar 2022 07:01:50 +0000 https://thenewshub.in/2022/03/20/big-box-stores-could-help-slash-emissions-and-save-millions-by-putting-solar-panels-on-roofs-why-arent-more-of-them-doing-it/



CNN
 — 

As the US attempts to wean itself off its heavy reliance on fossil fuels and shift to cleaner energy sources, many experts are eyeing a promising solution: your neighborhood big-box stores and shopping malls.

The rooftops and parking lot space available at retail giants like Walmart, Target and Costco is massive. And these largely empty spaces are being touted as untapped potential for solar power that could help the US reduce its dependency on foreign energy, slash planet-warming emissions and save companies millions of dollars in the process.

At the IKEA store in Baltimore, installing solar panels on the roof and over the store’s parking lot cut the amount of energy it needed to purchase by 84%, slashing its costs by 57% from September to December of 2020, according to the company. (The panels also provide some beneficial shade to keep customers’ cars cool on hot, sunny days.)

As of February 2021, IKEA had 54 solar arrays installed across 90% of its US locations.

Big-box stores and shopping centers have enough roof space to produce half of their annual electricity needs from solar, according to a report from nonprofit Environment America and research firm Frontier Group.

Leveraging the full rooftop solar potential of these superstores would generate enough electricity to power nearly 8 million average homes, the report concluded, and would cut the same amount of planet-warming emissions as pulling 11.3 million gas-powered cars off the road.

The average Walmart store, for example, has 180,000 square feet of rooftop, according to the report. That’s roughly the size of three football fields and enough space to support solar energy that could power the equivalent of 200 homes, the report said.

“Every rooftop in America that isn’t producing solar energy is a rooftop wasted as we work to break our dependence on fossil fuels and the geopolitical conflicts that come with them,” Johanna Neumann, senior director for Environment America’s campaign for 100% Renewable, told CNN. “Now is the time to lean into local renewable energy production, and there’s no better place than the roofs of America’s big-box superstores.”

Advocates involved in clean energy worker-training programs tell CNN that a solar revolution in big-box retail would also be a significant windfall for local communities, spurring economic growth while tackling the climate crisis, which has inflicted disproportionate harm on marginalized communities.

Yet only a fraction of big-box stores in the US have solar on their rooftops or solar canopies in parking lots, the report’s authors told CNN.

CNN reached out to five of the top US retailers — Walmart, Kroger, Home Depot, Costco and Target — to ask: Why not invest in more rooftop solar?

Many renewable energy experts point to solar as a relatively simple solution to cut down on costs and help rein in fossil fuel emissions, but the companies point to several roadblocks — regulations, labor costs and structural integrity of the rooftops themselves — that are preventing more widespread adoption.

The need for these kinds of clean energy initiatives is becoming “unquestionably urgent” as the climate crisis accelerates, said Edwin Cowen, professor of civil and environmental engineering at Cornell University.

“We are behind the eight ball, to put it mildly,” Cowen told CNN. “I would have loved to see policy help incentivize rooftop solar 15 years ago instead of five years ago in the commercial space. There’s still a tremendous amount of work to do.”

Neumann said Walmart, the nation’s largest retailer, possesses by far the largest solar potential. Walmart has around 5,000 stores in the US and more than 783 million square feet of rooftop space — an area larger than Manhattan — and more than 8,974 gigawatt hours of annual rooftop solar potential, according to the report.

It’s enough electricity to power more than 842,000 homes, the report said.

Walmart spokesperson Mariel Messier told CNN the company is involved in renewable energy projects around the world, but many of them are not rooftop solar installations. The company has reported having completed on- and off-site wind and solar projects or had others under development with a capacity to produce more than 2.3 gigawatts of renewable energy.

Neumann said Environment America has met with Walmart a few times, urging the retailer to commit to installing solar panels on roofs and in parking lots. The company has said it’s aiming to source 100% of its energy through renewable projects by 2035.

“Of all the retailers in America, Walmart stands to make the biggest impact if they put rooftop solar on all of their stores,” Neumann told CNN. “And for us, this report just underscores just how much of an impact they could make if they make that decision.”

According to Environment America, Walmart had installed almost 194 megawatts of solar capacity on its US facilities as of the end of the 2021 fiscal year and additional capacity in off-site solar farms. The company’s installations in California were expected to provide between 20% to 30% of each location’s electricity needs.

Solar panels on the roof of a Target store in Inglewood, California, in 2020. Target ranked No. 1 for on-site solar capacity in 2019, according to the Solar Energy Industries Association.

Target ranked No. 1 for on-site solar capacity in 2019, according to industry trade group Solar Energy Industries Association’s most recent report. It currently has 542 locations with rooftop solar — around a quarter of the company’s stores — a Target spokesperson told CNN. Rooftop solar generates enough energy to meet 15% to 40% of Target properties’ energy needs, the spokesperson said.

Richard Galanti, the chief financial officer at Costco, said the company has 121 stores with rooftop solar around the world, 95 of which are in the US.

Walmart, Target and Costco did not share with CNN what their biggest barriers are to adding rooftop or parking lot solar panels to more stores.

Approximate number of households companies could power with rooftop solar

  • Walmart — 842,700
  • Target — 259,900
  • Home Depot — 256,600
  • Kroger — 192,500
  • Costco — 87,500
  • Source: Environment America, Frontier Group report, “Solar on Superstores”
  • “My suspicion is that they want an even stronger business case for deviating from business-as-usual,” Neumann said. “Historically, all those roofs have done is cover their stores, and rethinking how [they] use their buildings and thinking of them as energy generators, not just protection from rain, requires a small change in their business model.”

    Home Depot, which has around 2,300 stores, currently has 75 completed rooftop solar projects, 12 in construction and more than 30 planned for future development, said Craig D’Arcy, the company’s director of energy management. Solar power generates around half of these stores’ energy needs on average, he said.

    Aging rooftops at stores are a “huge impediment” to solar installation, D’Arcy added. If a roof needs to be replaced in the next 15 to 20 years or sooner, it doesn’t make financial sense for Home Depot to add solar systems today, he said.

    “We have a goal of implementing solar rooftop where the economics are attractive,” D’Arcy told CNN.

    CNN also reached out to Kroger, which owns about 2,800 stores across the US. Kristal Howard, a Kroger spokesperson, said the company currently has 15 properties — stores, distribution centers and manufacturing plants — with solar installations. One of the “multiple factors affecting the viability of a solar installation” was the stores’ ability to support a solar installation on the roofs, Howard said.

    A worker walks among solar panels being installed on the roof of an IKEA in Miami in 2014. As of February, IKEA had solar installed at 90% of its US locations.

    Cowen, the engineering professor at Cornell, said solar is already attractive, but that labor costs, incentives and the different layers of regulation likely pose some financial challenges in solar installations.

    “For them, this means usually hiring a local site firm that can do that installation that also knows local policy,” Cowen said. “It’s just another layer of complexity that I think is beginning to make sense because the costs have come down enough, but it needs kind of reopening that door of getting into an existing building.”

    Rep. Sean Casten of Illinois, who co-chairs the power sector task force in the House, said the US has “failed to provide the incentives to people who have the expertise to go in and build these things.” The reason both retail companies and the power sector have not made much progress on solar is because “our system is so disjointed” and has a complex regulation structure, Casten said.

    “Why aren’t we doing something that makes economic sense? The answer is this horribly disjointed federal policy where we massively subsidize fossil energy extraction, and we penalize clean energy production,” Casten told CNN. “For a long, long time, if you wanted to build a solar panel on the rooftop of Walmart, your biggest enemy was going to be your local utility because they didn’t want to lose the load.

    “We could have done this decades ago,” Casten added. “And had we done it, we would not be in this dire position with the climate, but we’d also have a lot more money in our pocket.”

    For Charles Callaway, director of organizing at the nonprofit group WE ACT for Environmental Justice, strengthening the rooftop solar capacity in big box retail stores is a no-brainer, especially if companies allow the local community to reap benefits either through installation jobs or sharing the electricity produced later.

    Either way, it would put a massive dent in curbing the climate crisis and help usher in an equitable transition away from fossil fuels — and it’s doable, Callaway told CNN.

    Solar panels on the roof of a Costco store in Ingelwood, California, in 2021. Costco told CNN 95 stores in the US have rooftop solar installations.

    The New York City resident led a worker training program that helped train more than 100 local community members, mostly people of color, to become solar installers. He also formed a solar workers cooperative to ensure many of the participants of the training program get jobs in a tough market.

    In the last two years, Callaway said his group has not only installed solar panels on roofs of affordable housing units, but also equipment capable of producing 2 megawatts of solar energy on shopping malls up in upstate New York. He emphasized that hiring locally would be most beneficial since local installers know the community and local regulations best.

    “One of my huge concerns is social equity,” Cowen said. “Access to renewable energy is a fairly privileged position these days, and we’ve got to figure out ways to make that not true.”

    Jasmine Graham, WE ACT’s energy justice policy manager, said the potential of building rooftop solar on big box superstores is encouraging, only “if these projects use local labor, if they are paying prevailing wages, and if this solar is being used in a manner such as community solar, which would allow [utility] bill discounts for folks that live in the same utility zone.”

    Pressure is mounting for global leaders to act urgently on the climate crisis after a UN report in late February warned the window for action is rapidly closing.

    Neumann believes the US can meet its energy demand with renewables. All it takes, she said, is the political will to make that switch, and the inclusion of the local community so no one gets left behind in the transition.

    “The sooner we make that transition, the sooner we’ll have cleaner air, the sooner we’ll have a more protected environment and better health and the sooner we’ll have a more livable future for our kids,” Neumann said. “And even if that requires investment, it is an investment worth making.”

    ]]>
    https://thenewshub.in/2022/03/20/big-box-stores-could-help-slash-emissions-and-save-millions-by-putting-solar-panels-on-roofs-why-arent-more-of-them-doing-it/feed/ 0
    Audi suspends motorsport star after gamer raced under driver’s name in esports event | CNN https://thenewshub.in/2020/05/26/audi-suspends-motorsport-star-after-gamer-raced-under-drivers-name-in-esports-event-cnn/ https://thenewshub.in/2020/05/26/audi-suspends-motorsport-star-after-gamer-raced-under-drivers-name-in-esports-event-cnn/?noamp=mobile#respond Tue, 26 May 2020 16:05:19 +0000 https://thenewshub.in/2020/05/26/audi-suspends-motorsport-star-after-gamer-raced-under-drivers-name-in-esports-event-cnn/



    CNN
     — 

    Formula E driver Daniel Abt has been suspended by his Audi team for using a professional esports gamer to compete for him.

    Abt had been taking part in the ‘Race at Home Challenge’ which raised funds for the UNICEF coronavirus relief fund.

    After being found not to have driven his car himself in the qualifying and fifth race of the series on Saturday, May 23, Abt apologized and was disqualified from the race as well as being fined 10,000 euros ($10,956).

    Audi has now suspended the driver “with immediate effect.”

    “Integrity, transparency and consistent compliance with applicable rules are top priorities for Audi – this applies to all activities the brand is involved in without exception,” Audi said in a statement.

    READ: Four-time world champion Sebastian Vettel will leave Ferrari at the end of the season

    Suspicions were initially aroused about Abt’s driving after the 27-year-old German qualified in second place and finished third in the actual race having not scored a point in the first four rounds of the series.

    “Really not happy here because that was not Daniel driving the car himself, and he messed up everything. That was ridiculous,” said former F1 driver Stoffel Vandoornen on his Twitch stream. “I’m questioning if it was really Daniel in the car.”

    “Please ask Daniel Abt to put his Zoom on next time he’s driving, because like Stoffel said, I’m pretty sure he wasn’t in,” two-time FE champion Jean-Eric Vergne said.

    Following an investigation by Formula E on Sunday, which included IP address verification, it was concluded that Abt could not have been behind the wheel.

    The gamer who replaced Abt is widely reported to be 18-year-old Lorenz Hoerzing, who competes in the FE Challenge series, a parallel championship for esport drivers. CNN has reached out to Hoerzing via his Allied esports team for comment but had not received a response at the time of publication.

    Abt released an apology shortly afterwards in which he accepted his disqualification

    “I would like to apologize to Formula E, all of the fans, my team and my fellow drivers for having called in outside help during the race on Saturday,” said Abt, who has promised to provide a further update on the story later on Tuesday.

    Visit CNN.com/sport for more news, features, and videos

    “I did not take it as seriously as I should have. I am aware that my offence has a bitter aftertaste, but it was never meant with any bad intention.”



    ]]>
    https://thenewshub.in/2020/05/26/audi-suspends-motorsport-star-after-gamer-raced-under-drivers-name-in-esports-event-cnn/feed/ 0