More from Ali Caldwell
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World’s largest floating solar plant debuts, drawing environmental concerns
Taiwan has deployed the world’s largest floating solar power plant, expanding an earlier installation to more than double its previous energy output. The plant now provides enough electricity to power 74,000 Taiwanese households and is expected to offset 136,000 tons of CO2 annually, equivalent to the emissions produced by burning around 150 million pounds of… -
Does Trump have to sell his DJT stake? We asked a White House ethics lawyer
As President-elect Donald Trump prepares for his next four years in the White House, he has a new potential business conflict that didn’t exist during his first term: Trump Media and Technology Group. Back in 2017, his real estate empire was the biggest focus of ethics experts. But now he’s billions of dollars richer from… -
Markets are more uncertain about Trump victory in final days
Ahead of the Tuesday, Nov. 5, presidential election, the word of the week is “uncertainty.” Polls predict drastically different outcomes, like the Des Moines Register poll that has Vice President Kamala Harris leading in the deep-red state of Iowa. “This race is filled with uncertainty today,” political strategist David Axelrod said. And that uncertainty is… -
Chinese solar manufacturers shift operations to bypass US tariffs
Chinese solar panel manufacturers have a strategy for circumventing U.S. trade restrictions, responding to new tariffs by relocating production facilities to countries less affected by American policies. This shift has impacted the solar industry in Southeast Asia, following the U.S. Commerce Department’s implementation of duties reaching as high as nearly 300% that are targeted at… -
Papua New Guinea to boycott UN climate summit, calls it a ‘waste of time’
Despite being one of the world’s most vulnerable nations to global warming’s effects, Papua New Guinea has announced it will boycott the upcoming United Nations COP29 climate summit in Azerbaijan. Officials from the Pacific island nation, where average temperatures have risen by about 1.5 degrees over the past century, called the event a “total waste… -
Texas cities consider renewable-powered aerial gondolas for future transit
A new mode of urban transit may eventually glide across the Texas skyline, as several cities explore the potential of electric gondolas powered by renewable energy. However, these potential projects have drawn criticism, with some questioning the costs, commuter value and the reliability of similar endeavors in the past. Swyft Cities, the company that implements… -
Can Trump get rid of income tax and replace revenue with tariffs?
In a presidential campaign cycle filled with tax cut proposals, one is loftier than all the rest. Former President Donald Trump has repeatedly floated the idea of getting rid of individual income tax and replacing it with revenue from tariffs. Individual income tax currently provides 49% of the federal government’s annual revenue. “Were you serious… -
Maryland offshore wind project sued over economic and environmental concerns
A proposed offshore wind project off Maryland’s coast is encountering resistance from the nearby community of Ocean City. The city challenged the federal government’s approval of the development and filed a lawsuit against the Bureau of Ocean Energy Management (BOEM). The project aims to generate over 2 gigawatts of renewable energy, potentially powering more than… -
You can now bet on Trump or Harris winning the election on Robinhood
Robinhood is letting users put their money where their mouth is on who will win the upcoming U.S. presidential election. Starting Monday, Oct. 28, the online brokerage house allows people to trade financial contracts to bet on Vice President Kamala Harris or former President Donald Trump. According to Robinhood, an event contract is a “financial… -
Dodgers-Yankees World Series matchup the more classic kind of ‘moneyball’
The 2024 World Series matchup is the more classic kind of “moneyball,” where two of the most gargantuan payrolls in Major League Baseball meet at the end of the playoff road. The Dodgers-Yankees matchup is between presumed league MVPs, the $700 million Shohei Ohtani and $360 million Aaron Judge. Both teams sport three players with… -
IMF warns against tariffs: They make the country’s residents ‘poor’
The International Monetary Fund (IMF) gave its latest forecast on the world economy on Tuesday, Oct. 22. During the meeting, IMF Chief Economist Pierre-Olivier Gourinchas warned trade restrictions could put downward pressure on that growth. The global financial agency declined to comment on certain elections of proposals by presidential candidates. Excluding 2024 election promises, the… -
Scientists fear the world’s largest wind turbine will change the weather
China recently switched on the world’s largest wind turbine, a giant offshore structure installed in August that stands nearly 800 feet tall and has the capacity to power 96,000 homes each year. However, its immense scale has sparked concerns about potential environmental consequences. Scientists are studying the turbine’s impact on local wind patterns, as renewable… -
After a lot of mistakes, this is the ‘only direction’ Nike can take
A former intern at Nike started his new role as CEO the week of Oct. 14. Elliott Hill took over the top job after CEO John Donahoe’s surprise retirement, but Hill’s path to return Nike to its former glory is an uphill climb. Nike is facing a major sales downturn and struggling share price. As…