More from Heath Cary
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‘I make sure Tesla is very prosperous’: Musk makes promises amid $2.5B loss
Tesla is navigating a turbulent start to 2024 as it grapples with product defects and financial hurdles, marking its most challenging period since the onset of the pandemic-induced auto industry downturn. However, the company’s CEO Elon Musk still remains optimistic, hinting at the possibility of both new and cheaper Tesla models coming in the near… -
Growing pains: Will India replace China as global growth leader?
India already knocked off China as the most populous country in the world. Now, it’s going after China’s title of global growth engine, a crown that economists believe India could claim by 2028. To get there, though, the developing nation will need to address some growing pains. “I think everyone would be making a mistake… -
Renewable energy plan in Alaska could disturb thousands of acres of nature
Alaska’s wilderness is teeming with wildlife, as bears, moose, elk, and many more species all call this region home. However, beneath this vibrant ecosystem lies an extensive supply of metals, one that will require disturbing thousands of acres of nature to access. The White House is expected to step in and put an end to… -
How reconductoring could allow almost all of the US to run on clean energy
A recent study conducted by the University of California in collaboration with GridLab has revealed new findings on the potential of reconductoring to significantly enhance the efficiency and sustainability of the U.S. electricity grid. The research indicates that replacing existing power lines with advanced conductors could help bring about a cleaner and more cost-effective energy… -
NPR reporter says network ‘lost public’s trust’ due to left-wing bias
TV ratings and traffic to news websites are significantly down in recent years, coinciding with recent polls showing most Americans believe the media is biased. Now, someone within the media is blowing the whistle on what he says is bias at his own employer — NPR. Uri Berliner, a senior reporter at NPR, published a… -
How building wind farms could help Ukraine win its war against Russia
In the midst of its ongoing conflict with Russia, Ukraine’s largest private energy firm believes building wind farms could help the war-torn nation gain an advantage. However, securing investors willing to fund such construction projects in a nation engulfed by fighting has proven to be a significant challenge. Since Russia invaded Ukraine in February 2022,… -
Can EV battery recycling help challenge China’s monopoly over this tech?
When it comes to making batteries for electric vehicles (EVs), experts say China has as much as a 15-year head start on the rest of the world. Beijing’s stranglehold over the mining and refining of the rare earth materials used in this technology is an increasing concern for U.S. officials and it is partly why… -
Norway could be first nation ever with more EVs than gas cars by end of 2024
While expert projections suggest the United States may not see electric vehicles (EVs) overtake gas-powered cars until at least 2050, Norway may be able to do it by as early as the end of this year. That would make the Nordic nation the first country in the world with EVs outnumbering conventional vehicles on its… -
Geothermal power and the intricacies behind tapping into the Earth’s energy
Humanity’s quest to tap into the inexhaustible power source lying beneath our feet has spanned millennia, with civilizations from ancient Rome to Aboriginal Australia attempting to harness power from the Earth’s core. Geothermal energy — derived from sources like volcanoes in Iceland and hot springs in the United States — presents vast opportunities for electricity… -
Is higher credit card debt actually good for the economy?
Americans are facing a record amount of credit card debt in 2024 at more than $1 trillion total. Adjusted for inflation, WalletHub says credit card debt is about 10% below its peak, which Americans hit in 2008 during the Great Recession. However, WalletHub estimates growing balances this year could put the inflation-adjusted record in striking… -
Walmart invests in solar, aims to power 2 million homes by 2035
Walmart has announced it is investing in 26 solar projects across the United States, with 20 directly benefiting local communities. The initiatives geared toward residential areas are set to provide energy to approximately 13,000 households and potentially save consumers more than $8 million annually, with three-quarters of those savings earmarked for low- and moderate-income homes.… -
US credit card debt nearing 2008 record when adjusted for inflation
Credit card debt in the U.S. hit a record at the end of 2023 while high interest rates continue to push the debt balance even higher this year. The Federal Reserve recently reported U.S. credit card debt reached $1.13 trillion in the fourth quarter of 2023, up $143 billion from the year before. According to… -
Why major cities are slashing services to pay for the migrant crisis
Bus after bus, major cities far from the border are starting to buckle under budgetary pressures of the nation’s migrant crisis. S&P Global Ratings is monitoring the credit health of New York, Denver and Chicago as they face sheltering tens of thousands of asylum-seekers. “The issue will destroy New York City,” Mayor Eric Adams said…