The eagle hasn’t exactly landed, but it did the next best thing. This afternoon, off the Virginia coast, the Navy’s experimental X-47B UCAS (Unmanned Combat Air System) became the first unmanned aircraft to do a “touch and go” on an aircraft carrier.
Read more on Breaking Defense.
The large gap between domestic US natural gas prices and LNG prices in European and Asian markets that underlies the rationale for US LNG exports has raised the question: when US gas is sold abroad, who captures that spread?
The difference between low prices paid for gas produced in the US – currently trading at around $4.20 per million Btu on Nymex – and much higher prices paid for LNG imports in European and Asian markets – at more than twice US levels – is behind a push to open up export markets to US gas producers. As the debate rages over what impact exporting domestically-produced gas may have on the US economy, Senators Lisa Murkowski (R-AK) and Ron Wyden (D-OR) asked experts who profits from that price spread at a hearing before the Senate Energy and Natural Resources Committee on Tuesday.
“If you’re not making big profits on the price spread, who’s getting the spread?” asked Wyden. Wyden has been outspoken in his concerns that US LNG exports, absent government-imposed volume limits, could lead to higher domestic natural gas prices.
Read more on Breaking Energy.
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We thought Julianne Moore looked as beautiful and radiant as ever gliding down yesterday’s Cannes opening ceremony red carpet in Dior. She was easily one of the evening’s best dressed and happiest-looking stars (despite the rain). Then, we noticed her feet.
Read more on Fashionista.
Robert Benmosche is still putting the finishing touches on his commencement address of hope.
Read more on Dealbreaker.
Look, we can’t have a final exam screw-up season without something happening at NYU Law School. For some reason NYU is like the ground zero of exam mishaps.
But not all screw-ups are created equally. Today we have a story of a professor who didn’t screw-up his final exams out of laziness or carelessness. Instead there was an honest clerical mistake. One that the professor took responsibility for and moved to correct as quickly and as equitably as he could.
Mistakes are going to happen, but law professors need to take this guy’s class in how to handle them…
Read more on AbovetheLaw.
While New York is often referred to as the global energy finance center, it is not otherwise known as an energy industry focal point. That appears to be changing, however, as energy issues have recently shot towards the top of local and state political agendas and high-profile energy events – like New York Energy Week – are increasingly being held in the New York Metropolitan area.
Breaking Energy recently spoke with the New York Energy Week founders at energy policy research and data company Energy Solutions Forum about the initiative’s origin and goals. Energy Solutions Forum was created by a group of former banking analysts who found the need for a policy data service given the increasing Wall Street focus on regulations and policy that drive stock price movements.
Read more on Breaking Energy.
Simi Polonsky and Chaya Chanin of Frock Swap
On any afternoon in Crown Heights on Kingston Avenue, there are sliver sightings of forearms, the sounds of heels clacking, the humming of stroller wheels, and tribes of young mothers wearing long, tressed wigs. The Brooklyn enclave is home to the Hasidic Jewish sect, Chabad-Lubavitch. Women follow the Torah’s strict laws of modesty or “tznius”–their elbows and collarbones must be covered, they have to wear skirts (not pants) that go past the knee, as well as stockings. Once they are married, women must cover their hair by wearing a wig (a “sheitel”) or a scarf.
Read more on Fashionista.
A whole bunch of mini Moynihans are said to have left the building.
Read more on Dealbreaker.
Different schools of thought exist when it comes to cover letters for job applications. Back when I applied for legal jobs, I took a “do no harm” approach, using the cover letter merely to transmit my résumé, transcript, and writing sample. But jobs were more plentiful back then.
In a tougher legal job market, employers expect more from cover letters. For cover letter advice from an in-house perspective, see David Mowry’s post. For cover letter advice from a small-firm perspective, see Jay Shepherd’s post.
And for an example of how not to write a cover letter, keep reading….
Read more on AbovetheLaw.
It’s here! It’s here! The Met Ball red carpet is finally underway.
So the fashion is great–though not exactly punk. According to Anna Wintour, though, her florals are punk, in a way: Andrew Bolton, the currator of the exhibit told her that pink was the real color of punk. Hence the color scheme. So there.
Click through to see what everyone from Anna to Rooney Mara to Beyonce to Kim and Kanye and many many more wore.
Read more on Fashionista.
