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She’s in charge: At the F1 Miami Grand Prix, many top executive roles are held by women

She’s in charge: At the F1 Miami Grand Prix, many top executive roles are held by women

By TIM REYNOLDS

MIAMI GARDENS, Fla. (AP) — For the Miami Grand Prix, someone is in charge of all the strategic planning and the budget. Someone else oversees the construction of 163 temporary buildings needed for a Formula 1 race weekend. Someone else designs the seating areas and keeps track of food and beverage needs. Someone else makes sure that the rich and famous have everything they need and want, from the right drink to the right kind of throw pillow.

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These jobs make the race happen.

And in Miami, they’re all being done by women.

It’s something that the Miami Grand Prix believes sets its race apart. In a sport and a circuit still dominated by males — there hasn’t been a woman behind the wheel for a Formula 1 race since 1992 — it will be difficult this weekend to find an element of the event that isn’t overseen by a woman. read more

Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers

Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers

By ANNE D’INNOCENZIO and DIDI TANG

NEW YORK (AP) — Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China Friday.

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The expiration of the so-called de minimis rule that has allowed as many as 4 million low-value parcels to come into the U.S. every day — mostly from China — is also forcing businesses that have built their models on sourcing production in China to rethink their practices in order to keep their costs down.

But some might actually benefit from the termination of the duty exemption. For instance, companies that make their goods in the U.S. may feel relief from the competition of cheap Chinese imports, and likely experience a brighter sales outlook. read more

As wildfires intensify, utilities want liability protections. But then who pays?

As wildfires intensify, utilities want liability protections. But then who pays?

By Alex Brown, Stateline.org

As climate change drastically increases the frequency and severity of wildfires, power companies say they’re facing growing risk for payouts that could bankrupt them or require massive rate hikes on customers.

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Across the West, electrical utilities are pushing state lawmakers to grant them legal immunity or limit damage payouts if their equipment sparks a blaze.

They’re backing bills, which have passed or been proposed in at least eight states over the past few years, that would require the utilities to follow plans to limit their risks of causing a fire, such as trimming trees or burying power lines. In exchange for taking those steps, lawmakers would give utilities protection from lawsuits that could expose them to billions of dollars in damage claims. read more

First look: SeaWorld’s Expedition Odyssey flies over Arctic

First look: SeaWorld’s Expedition Odyssey flies over Arctic

A new attraction is about to take off at SeaWorld Orlando. Its Expedition Odyssey, a “flying theater” type of ride will transport visitors, virtually, from Florida to a much cooler clime – the Arctic.

We won’t see T-shirts that say this, but we could nickname it Soarin’ (and Submergin’) in the Arctic a la the popular Epcot ride. The big-screen footage comes from several weeks of outings to spy wildlife and wondrous landscapes.

The official opening of Expedition Odyssey is May 9, but passholder previews are underway now.

The real world

Take a second to realize what this is not. It’s not CGI. Those are real animals in a real frozen environment.

“We’re SeaWorld, and those animals are – even more so in the motion – the most important thing for us. We really wanted to create those moments and that connection with the animals.” said Conner Carr, corporate vice president of rides and engineering for United Parks & Resorts, SeaWorld’s parent company.

When the polar bear makes eye contact with riders or whales appear on cue from underneath an ice slab, it’s luck plus keen editing. read more

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline

The average rate on a 30-year mortgage in the U.S. eased again this week, modest relief for prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.

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The rate fell to 6.76% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.22%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate dropped to 5.92% from 5.94% last week. It’s down from 6.47% a year ago, Freddie Mac said.

Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys, the Federal Reserve’s interest rate policy decisions and bond market investors’ expectations for future inflation. read more