Heath Cary
More from Heath Cary
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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… -
The US breached $34 trillion in national debt. Here’s who owns every dime.
The new year came with a new, staggering milestone for the U.S. The national debt breached $34 trillion. The latest spending package from Congress won’t help chip away at the mounting total, which has doubled in the last decade. Who buys all of the debt? Here’s a look at the lenders to the United States.… -
Raise taxes? Cut spending? Social Security? ‘Something has to be done’
The nation’s budget is in constant triage. Congress again packed the wound by passing a temporary funding patch to keep the government’s lights on until early next year, but fiscally, the U.S. is still bleeding. The federal deficit grew to $2 trillion in fiscal year 2023, double the prior year’s deficit, according to Congressional Budget… -
Young voter trends troubling for Biden, Trump’s strongest base is Gen Z: Poll
A year away from the 2024 presidential election, young voters could be the demographic to determine who wins. Young voters’ views of President Joe Biden and former President Donald Trump have shifted significantly since 2020. President Biden’s support among voters under 30 has dropped in the most recent Emerson College poll. In 2020, Biden received… -
Cable TV’s survival chances as streaming gobbles up live sports
Since people first started cutting the cable cord more than a decade ago, broadcast and cable networks have clung to two facets of live television for dear life: News and sports. In 2023, every major news agency has an online presence. CNN just announced a streamed version of the network live on Max. And in… -
Criminals making millions from running organized retail crime rings
When people think about organized crime, names like Al Capone, Frank Costello and Joe Colombo come to mind. However, brazen mobs plundering stores is the organized crime that is plaguing retailers nationwide. Organized retail crime is not your average shoplifting transgression. While shoplifting usually refers to small-scale theft for personal gain, organized retail crime involves… -
UAW strike tops $5.5 billion in economic losses, setting new record
Update on Monday at 12:55 p.m. Eastern: The ongoing United Auto Workers strike has set a current-century record for losses due to an auto industry strike. Anderson Economic Group announced Monday that through Oct. 5, total economic losses from the strike exceeded $5.5 billion. The previous record loss was $4 billion from the 2019 UAW… -
With college spending sprees, students and taxpayers foot much of the bill
Student loan debt is again accruing interest without much reform following a 3.5-year payment pause. Meanwhile, millions of current college students will soon join the existing indebted borrowers that have racked up around $1.8 trillion in debt to date. University spending sprees are far outpacing enrollment and inflation, fueling the student debt crisis. As colleges…
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Brush fires continue on Long Island as winds complicate firefighting efforts
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Getty Images
1 in 15 US adults have experienced a mass shooting: Study
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Reuters
Pope Francis health update: gradual improvement
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AP Images
At least 22 people killed during two-day Russian aerial attack on Ukraine
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Reuters
Protester climbs Big Ben with Palestinian flag causing Westminster Bridge closure
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