Menu

Blog

Archive for the ‘economics’ category: Page 5

Mar 15, 2022

U.S. Senate approves bill to make daylight saving time permanent

Posted by in category: economics

The best news of 2022, so far.


WASHINGTON, March 15 (Reuters) — The U.S. Senate on Tuesday passed legislation that would make daylight saving time permanent starting in 2023, ending the twice-annual changing of clocks in a move promoted by supporters advocating brighter afternoons and more economic activity.

The Senate approved the measure, called the Sunshine Protection Act, unanimously by voice vote. The House of Representatives, which has held a committee hearing on the matter, must still pass the bill before it can go to President Joe Biden to sign.

Continue reading “U.S. Senate approves bill to make daylight saving time permanent” »

Mar 14, 2022

SpaceX drone ship leaves port for sixth back-to-back Starlink launch

Posted by in categories: drones, economics, internet, satellites

SpaceX drone ship Just Read The Instructions (JRTI) has departed Port Canaveral in anticipation of the company’s sixth consecutive Starlink launch.

Known as Starlink 4–12, the mission will be SpaceX’s sixth uninterrupted Starlink launch – just shy of the company’s record of seven Starlink launches between commercial payloads. Though SpaceX would probably prefer to avoid month-long streaks without commercial launches, the company’s ability to use its own launch capabilities to deploy its Starlink constellation means that it can maintain valuable economies of scale while simultaneously launching satellites that generate some revenue.

With approximately 200,000 active subscribers, Starlink should already be generating around ~$250 million in annual revenue – perhaps enough to pay for anywhere from five to ten Starlink launches. Viewed another way, $250M would also pay the average annual salaries of more than 2,300 employees. Even if it doesn’t come close to the $1–2 billion SpaceX is likely spending annually on Starlink development, deployment, and operations, it’s still better than the alternative that all other launch providers are left with: nothing.

Mar 13, 2022

Russia has requested military and economic assistance from China, US officials say

Posted by in categories: drones, economics, military

Russia has asked China for military support, including drones, as well as economic assistance for its unprovoked invasion of Ukraine, according to conversations CNN had with two US officials.

The requests came after Russia’s invasion of Ukraine, one of the officials said. That official declined to detail the Chinese reaction but indicated that the Chinese had responded.

Potential assistance from the Chinese would be a significant development in Russia’s invasion. It could upend the hold Ukrainian forces still have in the country as well as provide a counterweight to the harsh sanctions imposed on Russia’s economy.

Continue reading “Russia has requested military and economic assistance from China, US officials say” »

Mar 8, 2022

As prices top $4 a gallon, should you consider an electric vehicle? One consideration: They’re more expensive to insure and repair. Here’s why

Posted by in categories: economics, sustainability, transportation

Tesla will sell car insurance, but electric-vehicle insurance and repairs are more expensive than for traditional cars. Here’s why.


The average cost of repairs are nearly 3% higher for a small EV versus a small internal-combustion engine car, says CCC Intelligent Solutions, a data and consulting firm that has examined the impact of EVs on the automotive, insurance and repair industries.

The same researchers found that spending on replacemet parts as a share of the overall repair costs was higher for a small EV despite that EV having 9.1 parts replaced per claim on average, versus 9.6 parts for small ICE cars. Access the full report here.

Continue reading “As prices top $4 a gallon, should you consider an electric vehicle? One consideration: They’re more expensive to insure and repair. Here’s why” »

Mar 7, 2022

Saudi prince wants Wall Street to help fund $500 billion plan for a floating Silicon Valley in the desert

Posted by in category: economics

Neom is the crown jewel of Crown Prince Mohammed bin Salman’s program to overhaul the economy of the world’s largest oil exporter.

Mar 7, 2022

How Renewable Energy Could Emerge on Top After the Pandemic

Posted by in categories: biotech/medical, economics, solar power, sustainability

Circa 2020


The short-term prospects for wind and solar power look rocky amid the economic upheaval of the coronavirus. But long term, renewables could emerge stronger than ever, especially if governments integrate support for clean energy into Covid-19 economic-recovery programs.

Mar 4, 2022

Reprogrammed bacterium turns carbon dioxide into chemicals on industrial scale

Posted by in categories: chemistry, economics, genetics, sustainability

Process achieved at industrial scale in 120 litre reactor.


Factory

The 120 litre LanzaTech pilot plant that can convert carbon dioxide into acetone and isopropanol.

Continue reading “Reprogrammed bacterium turns carbon dioxide into chemicals on industrial scale” »

Mar 4, 2022

I’ve Dealt With Foreign Cyberattacks. America Isn’t Ready for What’s Coming

Posted by in categories: business, cybercrime/malcode, economics, government, transportation

Yet the United States lacks an organized response. The weekly reports of ransomware attacks and data breaches make it clear that we’re losing this battle. That’s why America’s leaders must rethink the current cyberdefense system and rally around a centralized regulator to defend both citizens and the private sector against current and future attacks.

The decentralized nature of the American government does not lend itself to fighting foreign cyberthreats. Government agencies handle cyberregulation and threats in the sectors they oversee — an inefficient and ineffective way to address an issue that cuts across our entire economy. In just the past few months, the D.H.S.’s Transportation Security Agency announced new cybersecurity requirements for pipelines and railroads; the Federal Communications Commission put out its own proposal for telecommunication companies; the Securities and Exchange Commission voted on rules for investment advisers and funds; and the Federal Trade Commission threatened to legally pursue companies that fail to fix a newly detected software vulnerability found in many business applications. And on Capitol Hill, there are approximately 80 committees and subcommittees that claim jurisdiction over various aspects of cyberregulation.

These scattered efforts are unlikely to reduce, let alone stop, cybercrime.

Continue reading “I’ve Dealt With Foreign Cyberattacks. America Isn’t Ready for What’s Coming” »

Mar 3, 2022

Planet Awash in Waste Needs to Adopt a Circular Economy Approach to Our Trash

Posted by in categories: economics, energy

Today we can eliminate landfills by incinerating much of the garbage we produce using net-zero-emissions waste-to-energy technologies.

Mar 3, 2022

Why I Write About Hydrogen

Posted by in categories: economics, energy

Can hydrogen be a substitute for fossil fuels across the global economy? A report tabled at COP-26 provides a plan to make it so.

Page 5 of 173First23456789Last