More from Heath Cary
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Former Democratic donor and Soros partner is Trump’s pick for Treasury
Elon Musk criticized him as the “business-as-usual choice” for Treasury, but markets are cheering on routine. President-elect Donald Trump announced Scott Bessent is his pick for Treasury secretary, ending an internal battle over the top economic post that some described as a knife fight. But there’s a bullet point in Bessent’s resume that has rubbed some… -
World’s first carbon capture facility powered by wind energy coming to Texas
The world’s first direct air capture (DAC) facility powered by wind energy is set to be built in Tom Green County, Texas. After 2030, the facility, dubbed Project Concho, is projected to remove 500,000 tons of carbon dioxide annually. That is the equivalent of taking 116,628 gas-powered vehicles off the road for a year, according… -
Rich nations urged to pay more as UN climate relief fund falls billions short
A climate relief fund finalized at the UN’s annual COP29 climate conference is falling billions short of what experts say is needed. This discrepancy prompted appeals from developing nations for wealthier countries to increase their financial commitments. “All countries that have pledged money must complete their contribution agreements,” COP29 President Mukhtar Babayev said. “And we… -
Progress or poverty? Patience running out for Argentina’s Milei 1 year in
Javier Milei promised pain for the people of Argentina, and they elected him president anyway, with the highest share of votes since Argentina’s return to democracy. One year removed from his resounding victory, are Argentines already running out of patience with Milei? He’s still the most popular political leader in the inflation-ravaged nation, but popularity is… -
China activates world’s most powerful onshore wind turbine
The world’s most powerful onshore wind turbine has officially been switched on in China. With blades reaching heights comparable to the Great Pyramid of Giza, the turbine boasts an energy capacity of 15 megawatts – enough to supply electricity to approximately 160,000 households. This new onshore model more than doubles the power rating of its… -
18 GOP-led states take legal action against SEC’s crypto crackdown
A group of Republican-led states is suing the U.S. Securities and Exchange Commission for constitutional overreach when it comes to cryptocurrency. The agency and current SEC Chair Gary Gensler have been a target of President-elect Donald Trump and other Republicans, especially since Trump’s embrace of crypto on the campaign trail this year. “On day one, I… -
News ratings down after election, MSNBC sees 54% fall, CNN down 36%
It’s been a busy news cycle following the 2024 presidential election, a time of year when news organizations typically bank on high viewership due to public interest in election results and reactions. However, some networks are seeing their post-election audience quickly dissipate. According to Nielsen ratings, MSNBC had a strong election night, drawing 6 million… -
Pakistan’s power grid threatened by growing adoption of Chinese solar panels
Pakistan is currently experiencing some of Asia’s highest energy prices, as electricity costs have increased by 155% since 2021. With over 40% of the population living below the poverty line, many households are turning to renewable energy — particularly solar power — to offset high electricity bills. However, this growing trend towards solar poses challenges… -
ExxonMobil chief urges Trump not to pull out of Paris climate agreement
A surprising business leader is urging President-elect Donald Trump not to withdraw from the Paris Climate Agreement for a second time. ExxonMobil CEO Darren Woods made the comments about the Paris agreement in interviews Tuesday, Nov. 12, at the United Nations Climate Change Conference in Azerbaijan. “I don’t think the stops and starts are the… -
California’s offshore wind plans spark debate over environmental impact
California’s offshore wind plans are seeing pushback from a local non-profit that warns moving ahead with constructing this renewable energy infrastructure will “harm or kill” local marine life. However, developers of these projects refer to the claims made by those environmental advocacy groups as “misinformation.” The Golden State is aiming to generate 25 gigawatts of… -
Private jet emissions driven up nearly 50% by world’s wealthiest individuals
A recent study by a European research team has highlighted a significant surge in carbon pollution from private jets, with emissions increasing by 46% since 2019. The report, published Thursday, Nov. 7, analyzed data from over 18.5 million flights across approximately 26,000 private aircraft during the last five years. The report found a two-hour flight… -
Trump speaks of ‘incredible’ win after projected to be next US president
Donald Trump is poised to win the presidency again. How Georgia, North Carolina and Pennsylvania helped put him over the top. And while Republicans have picked up seats in the Senate, will they also take the House? A look at where things stand. These stories and more highlight your Unbiased Updates for Wednesday, Nov. 6, 2024.… -
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…