Wind and solar power are growing fast in Texas. So fast, in fact, that it would take only one-third of the solar and wind energy projects that have already been proposed to almost entirely phase out coal in the state, according to a new study by researchers at Houston’s Rice University. That’s huge news, considering […]
Category: Business
Conspiracy Theorists Jump on Joe Biden’s ‘New World Order’ Comment
Claims about the existence and implementation of a “New World Order” have spread online after President Joe Biden used the phrase in a speech. While the phrase “new world order” is generally used to denote a significant geopolitical change, it can also designate a conspiracy theory that stipulates a secretive globalist authority is seeking to […]
US food prices could blow sky-high on account of Russia / Ukraine war
As war continues to ravage Ukraine, Americans, particularly those who live paycheck to paycheck, are beginning to feel the financial squeeze on their food prices from the conflict half a world away. It began with a rapid rise in gas prices. Now, with Russian oil banned in the United States and energy scarcity heightened globally, […]
Russia bans Facebook, Instagram ; labels them extremist organizations
A Russian court declared Meta, the parent company of Facebook and Instagram, an “extremist organization” on Monday, making its work in Russia illegal. The decision excludes WhatsApp, which Meta also owns. The ruling, effective immediately, bans Facebook and Instagram from Russia, where both platforms are already blocked. The full scope of the ruling’s impact remains […]
Americans Blame Biden First for Gas Prices, Oil Companies Second: Poll
Most Americans say President Joe Biden is the most responsible for rising gas prices, according to a new poll. The YouGov/Yahoo News survey found Biden topped the list when it came to who to blame as prices have soared to their highest level in more than a decade. Thirty percent of Americans said the president […]
The Western brands unable to leave Russia
The invasion of Ukraine has led many Western brands to shun Russia, but some still have outlets open in the country and say they are not able to shut them. Marks and Spencer, Burger King, and hotel groups Marriott and Accor are restricted by complex franchise deals preventing them from withdrawing. The firms have outsourced […]
U.S. wholesale inflation surges again — prices are up 10% in the past year
Wholesale prices rose a sharp 0.8% in February and signaled that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring. Wall Street economists had forecast a 0.9% increase. The increase in wholesale prices over the past year stayed at 10% for the second month in a row, the government […]
US barreling toward recession, experts say, as inflation hits 40-year-high
Inflation hit a 40-year high in February, and the worst is yet to come as the U.S. economy barrels toward a recession, experts say. The consumer price index (CPI) climbed 7.9% on an annual basis, according to data released Thursday by the Bureau of Labor Statistics. Month over month, inflation rose 0.8%. Gas jumped 6.6% […]
How Much Does It Cost to Charge an Electric Car?
Prospective electric car owners gotta know, “Will my electric bill go through the roof when I charge at home?” After all, you’re plugging a battery literally the size of a Volkswagen into your house, so it must make the electric meter spin like when Clark Griswold plugged in a million strands of Christmas lights, right? […]
Space junk on 5,800-mph collision course with moon
The moon is about to get walloped by 3 tons of space junk, a punch that will carve out a crater that could fit several semitractor-trailers. The leftover rocket will smash into the far side of the moon at 5,800 mph (9,300 kph) on Friday, away from telescopes’ prying eyes. It may take weeks, even […]
Here’s how sanctions on Russia will actually cost you more
As the United States and Europe ramp up their sanctions on Russia, Western consumers will soon face rising costs. That’s true even for American consumers, even though relatively few Russian exports reach US shores. The higher prices are modest compared to the destruction of life and property in Ukraine. But the price pressures come at […]
Russia central bank urges calm amid cash run fears
Russia’s central bank has issued an appeal for calm amid fears that new financial sanctions could spark a run on its banks. It said it “has the necessary resources and tools to maintain financial stability and ensure the operational continuity of the financial sector”. The EU, the US, the UK and Canada have announced […]