https://youtu.be/-0t67OqyzL4?si=ZbeEBC6vIy-QY1I_ Despite its proxitiy to a war zone, Israel's Ben Gurion Airport remains open, allowing passenger and freight flights to operate through the sites. In a video report, the WSJ’s George Downs speaks with experts about the risks and explores the tactics Israel is deploying to continue to allow planes to take off and land in the country. … [Read more...]
Belt and Road Initiative Reboot
Jason Douglas of The Wall Street Journal writes that a decade after its launch, China is trying to revive its sprawling infrastructure program by making it a lot less risky. He writes: A reboot of the program is under way as Chinese leader Xi Jinping prepares to host a 10th anniversary bash for the Belt and Road Initiative in Beijing this week. The goal is to breathe new life into a project that remains central to China’s global ambitions after a rocky spell of bad debts and costly bailouts—while preventing a repeat of the excesses that contributed to those troubles in the first place. The … [Read more...]
Home Sales on Track for Slowest Year Since 2008
Nicole Friedman of The Wall Street Journal tells us that the residential real-estate market is being hindered by mortgage rates, limited inventory. She writes: The highest mortgage rates in 23 years are dragging down home sales to their lowest levels since the subprime crisis period. Sales of previously owned homes in 2023 are expected to dwindle to a rate not seen since at least 2011, when the U.S. population was smaller and the country was still recovering from one of the worst housing crises ever, according to many economist forecasts. Chen Zhao, economics research lead at … [Read more...]
Tensions Rise Over Metal Tariffs
By bird_saranyoo @Adobe Stock Kim Mackrael and Laurence Norman of The Wall Street Journal report that Trans-Atlantic tensions over metals tariffs are proving resistant to a resolution. They write: The Biden administration’s relationship with the European Union, a vital geopolitical ally in a time of crisis, is being tested by a Trump-era policy on metals tariffs that the White House had sought to unwind. Former President Donald Trump in 2018 slapped hefty tariffs on most U.S. steel and aluminum imports, citing national security as grounds. The move infuriated U.S. allies—including other … [Read more...]
Hydrogen-Power Supply Chain Getting Serious Money
Paul Page of The Wall Street Journal reports, the U.S. is putting some serious funding towards building a hydrogen-power supply chain. He writes: The White House is injecting a gusher of cash into hydrogen production, an undeveloped sector that it is betting will play a pivotal role in the country’s shift away from fossil fuels. The Biden administration is awarding $7 billion in grants for seven regional hubs to produce clean hydrogen, a potential substitute for oil and gas in shipping, steelmaking and chemical production, the Energy Department said Friday. Created by the 2021 … [Read more...]
More Cities Planning Restrictive Climate Change Policies
More cities are making pledges to take steps like banning meat, dairy, and private cars to decrease carbon emissions as part of the C40 Cities Climate Leadership Group. The Federal Newswire reports: More cities continue to join the “C40 Cities Climate Leadership Group," a climate activist group which attempts to implement changes at the city level. In an article from September 14, the American Stewards of Liberty said that C40 cities are attempting to control how people eat and even dress, all in the name of protecting the environment. According to the article by the American Stewards of … [Read more...]
A Vote of Confidence in US Oil
In the Morning Brew, Cassandra Cassidy calls Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources a "vote of confidence in US oil." She writes: Exxon Mobil, one of the world’s largest suppliers of oil, announced yesterday that it will acquire Pioneer Natural Resources, a Texas-based shale company, for roughly $60 billion in an all-stock deal set to close in 2024. It’s a vote of confidence in US oil (and against US climate policy). Exxon evidently isn’t too concerned about the White House’s push to reduce emissions and invest in climate-friendly energy, or the International Energy … [Read more...]
Let the Market Work: Shut Down the Government
At his blog, johnstossel.com, John Stossel wonders why so many "useless Cabinet departments" are kept operating. He says they should be shut down, and suggests the government "let the market work." He writes: This week Republicans and Democrats got together to avert a government shutdown. Too bad. There’s so much that ought to be shut down. Useless Cabinet departments, for example, like Housing and Urban Development, Labor and Agriculture. Agriculture employs almost 100,000 people. Why? Independent farmers grow our food. They don’t need a giant department. Let’s get rid of the … [Read more...]
Exxon Makes Shale Mega-Deal with Pioneer
Exxon Mobil will merge with Pioneer Natural Resources in an oil mega-deal that could transform the Permian shale basin. Tomi Kilgore reports for MarketWatch: Exxon Mobil Corp. confirmed Wednesday an agreement to buy shale driller Pioneer Natural Resources Co. in an all-stock deal valued at $59.5 billion, or $64.5 billion including debt. “Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge,” said Exxon Mobil Chief Executive Darren Woods. “The combined capabilities of our two companies will provide long-term value creation well in excess … [Read more...]
The Quantum Future of Computing
In Foreign Policy, Rishi Iyengar explains the quantum future of computing, and what it means for geopolitics, writing: Even as the U.S. government tries to hold back China’s semiconductor industry and steal a march on its artificial intelligence capabilities, it is also preparing a much bigger, and more important, battlefield: quantum computing. Mentions of the technology have been tucked into a recent executive order curbing outbound investment into China, guardrails around funding for the CHIPS and Science Act, and a pair of presidential directives last year aimed at securing America’s … [Read more...]
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