More from Mohammed Ali
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Biden administration approves $7.5B loan for EV battery plants in Indiana
A week after the Biden administration preliminarily approved a $6.6 billion loan to electric vehicle (EV) maker Rivian Automotive, the White House is again giving billions in financial aid to the EV sector. This week, the Department of Energy (DOE) announced a $7.5 billion loan commitment to support the construction of two EV battery manufacturing facilities in… -
News headlines compared: Did Trump win by a landslide?
The size of Donald Trump’s election victory has sparked debate. Was it a landslide? The answer depends on where a person looks for their news outlet. News outlets with a left-leaning bias, such as The New York Times, referred to Trump’s victory as “the ‘landslide’ that wasn’t.” MSNBC noted Trump “won every battleground state and… -
Republicans feel good about the economy now that Trump has won
For the first time in four years, Republicans are feeling good about the economy. Economically speaking, only one thing has changed. There’s a distinct difference in reports of consumer confidence along political lines since President-elect Donald Trump was declared the winner of the presidential election. The latest consumer sentiment survey from the University of Michigan out… -
World’s first ag emissions tax, includes livestock flatulence
Denmark is introducing the world’s first tax aimed at agricultural emissions, such as cow flatulence. This comes as part of an agreement finalized Monday, Nov. 18 between the Danish government and farmers, industry groups and environmentalists. The new tax looks to address the farming sector, which is the country’s largest source of carbon pollution. Starting… -
World’s top polluting cities unveiled by Al Gore, Climate TRACE at COP29
At the United Nation’s annual climate summit, COP29, experts unveiled a list of the world’s top polluting cities, with data revealing the massive impact of urban emissions on global climate challenges. The findings come from Climate TRACE, a coalition co-founded by former U.S. Vice President Al Gore. The group uses satellite and ground-based observations combined… -
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… -
EPA rule targets methane emissions, critics say it’ll raise energy costs
For the first time, the Environmental Protection Agency (EPA) is finalizing a rule that requires oil and gas companies to pay for methane emissions. However, opponents argue that these standards could raise energy costs for Americans. They also raised questions about how long the new standards will even remain in effect with the Trump administration… -
Sweden worries offshore wind farms could help Russia attack
Sweden recently moved to halt the construction of 13 offshore wind farms along its coast over national security concerns. Officials said there was the potential for this renewable energy infrastructure to hamper the country’s response time in the event of an attack from Russia. Government officials in Sweden expressed concern that moving forward with these… -
Will Elon Musk’s conflicts keep him from serving in Trump’s White House?
Elon Musk dropped more than $100 million to help get Donald Trump back in the White House. Big-time surrogates are often rewarded with prominent cabinet positions. But Musk stands to lose a lot more if he enters government life. “If Elon Musk comes into the cabinet or into any government position, he will have to either recuse… -
The average home buyer is 56 years old as first-time buyers fall to historic lows
First-time home buyers make up the smallest portion of home purchases since the National Association of Realtors (NAR) started tracking the statistic in 1981. At the same time, the age of buyers is on the rise. First-time buyers dropped to 24% between July 2023 and June 2024. That’s down from 32% a year earlier, according… -
Why investors think a Kamala Harris victory leads to a weaker dollar
The U.S. dollar fell Tuesday, Nov. 5, as voters headed to the polls and investors hedged for a potential Kamala Harris victory. Investors think the dollar would weaken in a Harris economy and strengthen in a Donald Trump-led economy. In October, the dollar swelled on odds that former President Trump would win the presidency. But… -
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… -
Most profitable US fishing port voices concerns over offshore wind projects
The New Bedford Port Authority, which oversees the nation’s most profitable commercial fishing hub, is voicing concerns over new offshore wind developments that could impact critical scalloping grounds. Generating over $400 million annually, around 80% of the region’s fishing industry revenue stems from its scallop harvests. Over the next 16 years, the most impacted fisheries…