More from Heath Cary
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Paris 2024: Behind the Olympic spectacle lies a history of corruption
Every four years, billions of people across the globe tune into the Summer Olympics. The 2024 Games are set to be a spectacle, descending on Paris for the first time in 100 years. But sometimes, scoring the biggest sporting event on the planet is rife with corruption. And the scandals don’t stop after the winning… -
Politicians say Americans don’t pay for tariffs. What do economists say?
The closer it gets to November, the more Americans hear about tariffs, which are on the agendas of both presidential candidates vying for their vote. But is tariff just a fancy word for tax? And who ends up paying? The answer may depend on whether you ask an economist or a politician. Tariffs were a… -
What do EVs have to do with the price of pork in China? Actually, a lot.
Earlier in June, the European Union (EU) announced a tariff hike on Chinese electric vehicles (EVs), prompting Beijing to warn of potential retaliatory measures. Now, in what has been seen as part of that response, Chinese officials launched an investigation into the prices of pork imported from Europe. The investigation is a move that could… -
EU announces tariff hike on Chinese EVs amid ongoing anti-subsidy investigation
The European Union is taking steps to support its domestic automakers who are struggling with competition from China’s low-cost electric vehicles (EVs). In an effort to help the continent’s car companies compete, the EU has announced tariff increases of up to 38% on imported Chinese EVs. “The influx of subsidized Chinese imports at artificially low… -
New ads highlight Biden’s clean energy wins, even as some face controversy
Environmental advocacy group Evergreen Action recently launched a series of political advertisements emphasizing the positive impacts of the Biden administration’s green agenda. The group spent $1 million on these ads, which focused on clean energy developments in Wisconsin and Michigan, even as some of these initiatives have faced controversy. One ad in Wisconsin highlighted solar… -
New Texas Stock Exchange takes on New York in stock market showdown
Texas is two-stepping on New York City’s territory with plans to open a competing stock exchange. TXSE Group announced Wednesday, June 5, that it raised $120 million in capital to start the Texas Stock Exchange. Financial heavyweights BlackRock and Citadel Securities backed the exchange. Few buildings in New York are more iconic than the New… -
Why former GOP candidate Ramaswamy bought a big stake in BuzzFeed
Before he posited as a presidential candidate, businessman Vivek Ramaswamy was making his name as an anti-woke activist investor, targeting oil companies in a crusade against environmental policies. Now, the conservative commentator is putting his money in the mediascape, targeting BuzzFeed. Ramaswamy now holds an 8% stake in the company after buying up shares for months.… -
Study finds EVs, hybrids twice as likely to hit pedestrians, causing more fatalities
A recent study published by the Journal of Epidemiology and Community Health found that drivers of electric vehicles (EVs) and hybrids are twice as likely to hit pedestrians compared to those driving traditional gas-powered cars, potentially leading to more fatal accidents. This conclusion came from a review of British road accidents. The study examined 32… -
Study: Bison herd removes more carbon than world’s largest CO2 capture plant
A herd of bison in Romania might actually be better for the planet than the world’s largest carbon capture facility, according to recent findings by scientists at the Yale School of the Environment. Over 200 years ago, these animals roamed across what is now present-day Romania, playing a crucial role in the ecosystem before they… -
Billionaires discuss how to shut down Columbia protests in group chat: Report
A group of billionaires privately pressed New York City Mayor Eric Adams to break up campus protests at Columbia University in April, according to The Washington Post. The newspaper’s report is based on conversations from a private WhatsApp group chat filled with wealthy business moguls. Real estate magnate Barry Sternlicht reportedly initiated the chat through… -
Italy curbs solar panels on agricultural land, some warn it may raise power costs
In Italy, where food is deeply intertwined with the nation’s cultural identity, a new government proposal may require Italians to pay more on their energy bills in order to support the farms that make the nation’s world-renowned culinary scene possible. Rome is attempting to place restrictions on the installation of solar panels in areas designated… -
Cocoa prices are rich. Here’s when it will hit the grocery store.
In Steve Wateridge’s four decades covering cocoa, he said he’s never before experienced this level of global captivation by the cocoa market and its prices. Then again, prices have never been this high. “It’s a shame they didn’t care about it a bit more five years ago when something could have been done and should… -
Anticipated offshore wind rebound faces first test after Biden admin’s proposal
A pair of recently proposed offshore wind sales by the Biden administration hope to revitalize an industry which took some major hits a year ago. The proposals come after a tumultuous period for offshore wind in 2023. It saw millions of dollars in canceled contracts, delayed projects and utility providers trying to hike rates. However,…