Using a City's Excess Heat to Reduce Emissions - The New York Times - 0 views
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The London Underground is the oldest subway system in the world, so it might seem an unlikely source of innovation for one of the thorniest problems facing humanity in the 21st century: climate change.
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While public transit is usually more environmentally friendly than other methods of travel, the Underground is playing a more direct role in a groundbreaking experiment to reduce greenhouse gas emissions from buildings.
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The local council for the Borough of Islington in London has developed, planned and installed a way to provide heat and hot water for several hundred homes, a school and two recreation centers, all using otherwise-wasted thermal energy generated mostly by the electric motors and brakes of the Underground’s trains.
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Opinion | What Europe Can Teach Us About Jobs - The New York Times - 0 views
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Americans have a hard time learning from foreign experience. Our size and the role of English as an international language (which reduces our incentive to learn other tongues) conspire to make us oblivious to alternative ways of living and the possibilities of change.
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Unfortunately, any suggestion that Europe does something we might want to emulate tends to be shouted down with cries of “socialism.”
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an under-discussed aspect of the current economic scene: Europe’s comparative success in getting workers idled by the pandemic back into the labor force.
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Yes, Russians Know What Their Military Is Doing in Ukraine - Bloomberg - 0 views
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The atrocities that Russian troops have committed in Ukraine raise two questions about Russians at home: Do they know their military is doing these things? And if they do, are they OK with it? The answers are almost certainly “Yes” and “They’re working on it.”
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Ostensibly, the Putin regime has done its best to starve Russians of truthful information. Independent news outlets have been closed outright or blocked on the internet. Those still active cannot be reached without a virtual private network
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is this information blockade really effective?
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Twitter's Board Gave Up - Bloomberg - 0 views
Opinion | How a 'Golden Era for Large Cities' Might Be Turning Into an 'Urban Doom Loop... - 0 views
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Scholars are increasingly voicing concern that the shift to working from home, spurred by the coronavirus pandemic, will bring the three-decade renaissance of major cities to a halt, setting off an era of urban decline.
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They cite an exodus of the affluent, a surge in vacant offices and storefronts and the prospect of declining property taxes and public transit revenues.
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Insofar as fear of urban crime grows, as the number of homeless people increases, and as the fiscal ability of government to address these problems shrinks, the amenities of city life are very likely to diminish.
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Opinion | Climate Change Is Real. Markets, Not Governments, Offer the Cure. - The New Y... - 0 views
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For years, I saw myself not as a global-warming denier (a loaded term with its tendentious echo of Holocaust denial) but rather as an agnostic on the causes of climate change and a scoffer at the idea that it was a catastrophic threat to the future of humanity.
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It’s not that I was unalterably opposed to the idea that, by pumping carbon dioxide into the atmosphere, modern civilization was contributing to the warming by 1 degree Celsius and the inches of sea-level rise the planet had experienced since the dawn of the industrial age. It’s that the severity of the threat seemed to me wildly exaggerated and that the proposed cures all smacked of old-fashioned statism mixed with new-age religion.
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Hadn’t we repeatedly lived through previous alarms about other, allegedly imminent, environmental catastrophes that didn’t come to pass, like the belief, widespread in the 1970s, that overpopulation would inevitably lead to mass starvation? And if the Green Revolution had spared us from that Malthusian nightmare, why should we not have confidence that human ingenuity wouldn’t also prevent the parade of horribles that climate change was supposed to bring about?
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Opinion | We Are Suddenly Taking On China and Russia at the Same Time - The New York Times - 0 views
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“The U.S. has essentially declared war on China’s ability to advance the country’s use of high-performance computing for economic and security gains,” Paul Triolo, a China and tech expert at Albright Stonebridge, a consulting firm, told The Financial Times. Or as the Chinese Embassy in Washington framed it, the U.S. is going for “sci-tech hegemony.”
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regulations issued Friday by President Biden’s Commerce Department are a formidable new barrier when it comes to export controls that will block China from being able to buy the most advanced semiconductors from the West or the equipment to manufacture them on its own.
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The new regulations also bar any U.S. engineer or scientist from aiding China in chip manufacturing without specific approval, even if that American is working on equipment in China not subject to export controls. The regs also tighten the tracking to ensure that U.S.-designed chips sold to civilian companies in China don’t get into the hands of China’s military
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Amazon Has Escaped America's Retail Malaise - Bloomberg - 0 views
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The company’s growing emphasis on third-party selling, a very different business model than the big-box stores’, has helped lift the tech giant while competitors are forced to offer big discounts.
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While Amazon does sell some items directly, the company is predominantly an online marketplace like EBay Inc., meaning it collects commissions and fees when shoppers purchase things on the site without having to actually buy that inventory. In the three months ended June 30, 57% of all things sold on Amazon came from independent merchants who bear all the inventory risk—the highest that number has ever been.
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when a merchant selling goods on Amazon cuts prices, Amazon still gets paid—even if that means the company takes a smaller commission on the sales, and even if the merchant loses money.
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Never Had Covid? Omicron BA.4 and BA.5 May End Your Luck - Bloomberg - 0 views
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Covid virginity is becoming more special now that it describes a shrinking minority. The lucky few, like weight-loss gurus, are only too happy to share their secrets to success.
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Some sound quite reasonable, such as virologist Angela Rasmussen, who tweeted that despite resuming travel to scientific conferences, she’s remained uninfected by wearing high quality masks when warranted, skipping the hotel gym, eating outdoors and walking instead of cabbing if possible.
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Others are more extreme, such as the expert who Tweeted that, among other measures, he sealed his N95 tightly on his face for the entire trip from the U.S. to Australia. He never removed it even to take a sip of water.
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The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently - T... - 0 views
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By traditional measures, the economy is strong. Inflation has slowed significantly. Wages are increasing. Unemployment is near a half-century low. Job satisfaction is up.
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Yet Americans don’t necessarily see it that way. In the recent New York Times/Siena College poll of voters in six swing states, eight in 10 said the economy was fair or poor. Just 2 percent said it was excellent. Majorities of every group of Americans — across gender, race, age, education, geography, income and party — had an unfavorable view.
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To make the disconnect even more confusing, people are not acting the way they do when they believe the economy is bad. They are spending, vacationing and job-switching the way they do when they believe it’s good.
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America's Income Highly Concentrated in Wealthiest Households - Bloomberg - 0 views
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The top 20% of households by income earn more than 80% of dividend income, more than two thirds of interest income and close to half of rental income. The top quintile received close to half of all compensation too. The top half of households by income do pay 92% of taxes, according to the data.
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The statistics show that households in the top 10% of incomes accounted for 33.1% of the nation’s disposable personal income (personal income less taxes) in 2019. Households in the lowest 30% received 10.2% of after-tax income.
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About one-third of U.S. disposable personal income is held by the top 10% of household
Opinion | When 'Freedom' Means the Right to Destroy - The New York Times - 0 views
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startling, although not actually surprising, has been the embrace of economic vandalism and intimidation by much of the U.S. right — especially by people who ranted against demonstrations in favor of racial justice. What we’re getting here is an object lesson in what some people really mean when they talk about “law and order.”
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The “Freedom Convoy” has been marketed as a backlash by truckers angry about Covid-19 vaccination mandates
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In reality, there don’t seem to have been many truckers among the protesters at the bridge (about 90 percent of Canadian truckers are vaccinated)
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Ukraine Invasion: Russia's Military Is Adapting After Early Failures - Bloomberg - 0 views
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Russian killed-in-action numbers are stunning. In 20 years of hard fighting in Afghanistan, the U.S. suffered roughly 2,000 troops killed in combat. The Russians, in just over two weeks, have lost at least 4,000 and possibly twice that.
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Russia is reportedly sending its jets on 200 sorties a day, using a tremendous amount of fuel and spare parts that will be increasingly hard to come by given sanctions. Ukraine claims to have shot down more than 50 aircraft at $20 million to $50 million a pop.
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One recent estimate put the cost of the war at billions of dollars per day, and at that rate Putin will run out of money even before he runs out of public support.
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Is China Uninvestable? Complaints from Foreigners Won't Sway Xi Jinping - Bloomberg - 0 views
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look at what’s been happening throughout the ongoing Hong Kong market selloff: Chinese investors have been buying on dip. It’s a sign that the offshore marketplace is not entirely broken. When the dust settles, the Hong Kong market will have become more domestic and retail-driven, not unlike what’s happened to the U.S. stock market since the pandemic began two years ago.
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