Energy

“Why America’s outdated energy grid is a climate problem”

“…Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported and burned where electricity is needed. But inexpensive emissions-free sources of… Continue Reading…

Business, Economy

“British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips”

“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon… Pragmatic Semiconductor, a Cambridge, England-based startup… Continue Reading…

Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…

Economy

“U.S. credit card debt jumps 18.5% and hits a record $930.6 billion”

“On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive… Continue Reading…

Economy

“160,138,000: Record Number of Employed in January”

“The Labor Department’s Bureau of Labor Statistics says a whopping 517,000 non-farm jobs were created in January, way above estimates of 183,000. “Job growth was widespread, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and… Continue Reading…

Banking, Economy

“The Trillion-Dollar Question: Could a Coin Save the Day?”

“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…

Economy

“…US workers were earning just 12 cents more in 2022 than they did in 1972…”

“…According to CNBC, American workers were earning an average of $27.45 per hour in June of 2022. Back in 1972, the same workers made an average of $3.88 an hour… When adjusted for inflation, American workers are earning just 12 cents… Continue Reading…

Banking, Real Estate

“US lenders are starting to go bankrupt with new mortgages down 47%…” 

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Economy

“The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans…”

“The U.S. officially hit its $31.4 trillion debt ceiling on Thursday – launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure… Continue Reading…

Economy

“More than two-thirds of Americans’ financial situation did not improve or stayed the same in 2022…”

“This year has stressed the finances of many Americans. According to a recent Credit Karma study, 68% of American adults said their finances either didn’t improve or stayed the same in 2022. The most common financial mistake cited by the study’s respondents was not saving… Continue Reading…