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The parent company of both Applebee's and IHOP stated that several of the restaurants' locations would close permanently after a financial review the company stated Wednesday in a press release.In the news release, Dine Brands stated that 15 Applebee's locations would close for good sometime in the fourth quarter of 2020.The company added that nearly 100 IHOP locations would be closing in the next six months."Given the impact of the pandemic on individual restaurant-level economics, the company is evaluating the viability of greatly underperforming domestic IHOP restaurants," Dine Brands stated in the release.Dine Brands has not released information on which locations will close or how closures would impact employees. 735
The head of OPEC has warned that a decision by President Donald Trump to abandon the Iran nuclear deal would harm the global economy.In an interview with CNNMoney, OPEC Secretary General Mohammad Barkindo said that any factor that prevents the smooth running of the oil industry "will not be in the interest of the global economy.""Whatever extraneous factor that affects supply or demand, will no doubt send the market into disequilibrium, which is not in the interest of producers, or the interest of consumers," he said when asked about the consequences of ditching the Iran nuclear agreement.Trump has repeatedly threatened to rip up the Iran accord, which he has described as "the worst deal ever." He said he plans to announce his decision on the matter on Tuesday at 2:00 p.m. ET.The United States and other powers agreed to lift some economic sanctions under the 2015 deal in return for Iran agreeing to rein in its nuclear program. The sanctions had limited energy investment and production, and Iran's oil industry has sprung back to life since they were lifted.Iranian oil exports have increased by roughly 1 million barrels per day since early 2016, and the big question is whether the market will be able to cope with a sharp drop in supply if sanctions are reimposed.Worries over potential supply disruptions have already caused oil prices to spike. They've surged nearly 13% over the past month and hit their highest level since 2014, while the price of US gas has jumped to a national average of .81 a gallon.Barkindo said that price hikes were being driven by "volatility that occasionally returns to the market" as a result of "geopolitical tensions."A Nigerian who is serving a three-year term as secretary general, Barkindo said that OPEC would continue to seek a balanced oil market. The interview was conducted before Trump said an announcement on Iran was imminent.The cartel and its allies agreed to slash output in late 2016, a response to oversupply and an oil price crash. The agreement has been extended until the end of 2018.The secretary general said it had taken four "long" years for OPEC to get where it is today, with prices hovering around .Barkindo said the cartel was committed to seeing the agreement through, but he hinted that market conditions could spur a change."We have always been flexible. There is nothing sacrosanct in this market," Barkindo said. 2414
The House has approved legislation to provide direct relief to Americans suffering physically, financially and emotionally from the coronavirus pandemic.Supervisor Nathan Fletcher talks about coronavirus and newly approved stimulus bill will impact San Diego County. 274
The National Weather Service is projecting Southern Arizona's fire season to be more active than normal."There's leftover dry fuels from last year, and there's newly formed fine fuels," Warning Coordination Meteorologist Ken Drozd said.Above average daytime high temperatures, combined with storm systems bringing wind but no rain, and very dry conditions, are some of the reasons why the NWS projects May and June to have the more fire activity than normal.Due to a wet February, there is now more dry fuel in the region, according to Drozd. Sometimes, significant rain events leading into fire season can delay or shorten it, but that wasn't the case this year."Those new grasses that greened up from that precipitation event have now dried out again, due to the warm temperatures we've experienced lately," Drozd said."The hotter you get, the more you're going to dry things out. It just keeps things dried out unless you get some intermediate rain that'll come in, and again, there's none in the forecast right now."Last year, fires ripped through Southern Arizona from April to July, blackening landscapes and destroying homes in their paths. People from communities all through the region were forced to evacuate, sometimes on multiple occasions.The American Red Cross is urging people prepare ahead of time. Some of their tips include: 1355
The lengthy National Climate Assessment released on Friday includes detailed information about how specific regions of the US will be impacted.Below is a guide to what this report says about each region of the country in regards to climate change and its impacts. 276