People that are on the extremes of both sides are a little nuts.
The stock market gives a glimpse of just how enormous these companies have become in this extraordinary period: Combined market value for the five Big Tech companies is now over $8 trillion, accounting for nearly a quarter of the total value of the companies in the S&P 500. That is nearly double the percentage five years ago.
Let’s be real. We’re not even close to meeting our goals. We’ve got to get to a new set of consumers.
The U.S. Federal Reserve has signalled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.
The central bank appears anxious to avoid a repeat of the slow expansion and job gains that followed the financial crisis of 2008 by adopting a more aggressive approach to stimulating the recovery.
...according to a new study published in the journal Nature Energy by University of California Davis researchers Scott Hardman and Gil Tal that surveyed Californians who purchased an electric vehicle between 2012 and 2018.
Roughly one in five plug-in electric vehicle (PEV) owners switched back to owning gas-powered cars, in large part because charging the batteries was a pain in the… trunk, the researchers found.
Someone who is sitting in Norway and has a very good quality of life because of the oil that was found in the North Sea is now telling the world that it should run on renewables. If you are sitting in Africa, your incentives are very different.
What do you do about cement? What do you do about steel production? What do you do about agriculture? What do you do about aviation and shipping?” he said. “There’s a tendency when you study radical technological change to overestimate what’s possible in the near term.
There is a great conflict between two of the most pressing problems of our time: poverty and climate change. To avoid global warming, the world needs to massively reduce CO2 emissions. But to end poverty, the world needs massive amounts of energy. In developing economies, every kWh of energy consumed is worth roughly $5 of GDP.
How much energy do we need? Just to give everyone in the world the per-capita energy consumption of Europe (which is only half that of the US), we would need to more than triple world energy production, increasing our current 2.3 TW by over 5 additional TW:
The idea you can drill an oil well with no destination for the gas has to stop.
Ultimately, the American Jobs Plan is an opening bid in what will surely be a dynamic and contentious process—and it signals the Biden Administration is looking to implement the rapid clean energy transition it campaigned on. If enacted in full, the plan would represent the most aggressive federal climate response to date—but substantial revisions can be expected.
China sought to allay fears it wants to topple the dollar as the world’s main reserve currency as Beijing makes bigger strides in creating its own digital yuan.
People’s Bank of China Deputy Governor Li Bo said the goal for internationalizing its currency is not to replace the dollar, and the efforts to create a digital yuan are aimed at domestic use.
“For the internationalization of the renminbi, we have said many times that it’s a natural process, and our goal is not to replace the U.S. dollar or other international currencies,” Li said on a panel at the Boao forum Sunday. “I think our goal is to allow the market to choose, to facilitate international trade and investment.”
Days before the rout began, Palihapitiya, a 44-year-old venture capitalist with a flair for self-promotion, proclaimed he was poised to be the Warren Buffett of his generation. “Nobody’s going to listen to Buffett.”