A new research paper boldly suggests that one monumental floating wind farm in the north Atlantic could theoretically power our entire civilization.
“In the winter, North Atlantic wind farms could provide sufficient energy to meet all of civilization’s current needs,” claims the report, produced by atmospheric scientist Anna Possner and climatologist Ken Caldiera, published Monday in the Proceedings of the National Academy of Sciences.
“Even in the relative calm of summer, the upper geophysical limit on sustained wind power in the North Atlantic alone could be sufficient to supply all of Europe’s electricity,” the report reads.
Oil production slowed to a trickle in the Gulf of Mexico this weekend as energy companies turned off the taps and evacuated workers in preparation for Hurricane Nate.
More than 92 percent of crude output was offline in the nation’s offshore production hub as of Sunday morning, according to the U.S. Bureau of Safety and Environmental Enforcement. Energy companies also “shut in” nearly 78 percent of natural gas production, the bureau estimated, based on reports from companies.
The storm developed into a hurricane on Friday night and strengthened as it passed through the central Gulf of Mexico, before making landfall near the mouth of the Mississippi River. U.S. producers shut down about 300 of the 737 offshore platforms in the Gulf of Mexico to avoid potential damage.
“Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growth of public and private debt. I myself am concerned about this, too,” he said echoing the concern voiced just one day earlier by IMF head Christine Lagarde, who said the world was enjoying its best growth spurt since the start of the decade, but warned of “threats on the horizon” from “high levels of debt in many countries to rapid credit expansion in China, to excessive risk-taking in financial markets”.
10 years ago today, The Fed minutes were released sparking a buying frenzy pushing The Dow above 14k to a new record high – supported by a dovish Fed and a convinced public that job growth was recovering and all would be well. It turns out that the peak for the market that was followed a greater-than-50% plunge in stocks.
That week, U.S. President George W. Bush said the figures signaled “a vibrant economy” but a poll of top Wall Street economists found more than half still think the Fed will trim rates again this month to help the economy get past a housing slump and a surge in mortgage defaults. U.S. employers added 110,000 jobs in September and August’s job losses were revised into a gain in a Labor Department report on Friday that lifted some worry about a recession in the near term.
Three years after cameras have left the region, news info shows things are far worse than officials claim. Noe residents are being told that if they can’t pay their water bills, they will lose their home!
Governor Edmund G. Brown Jr. today issued an emergency proclamation for Napa, Sonoma and Yuba counties due to the effects of multiple fires, including the Tubbs and Atlas fires, which have damaged critical infrastructure, threatened thousands of homes and caused the evacuation of residents.
No longer a tropical storm, Hurricane Nate reached Category 1 status before midnight Friday, as it nears landfall in the Southeast US. Four states along the northern Gulf Coast have already declared states of emergency.
The National Hurricane Center (NHC) has issued a hurricane warning on the Gulf Coast from Grand Isle, Louisiana, to the Alabama-Florida border.
The rumblings beneath the formerly dormant supervolcano known as the Yellowstone caldera just won’t quit. And the ongoing earthquake swarm at the Yellowstone National Park supervolcano is now one of the longest ever recorded, having started on June 12.
Over the past three and a half months, almost 2,500 earthquakes have been recorded in the western part of the national park. This is on par with the biggest swarm ever recorded, where more than 3,000 earthquakes took place over three months, Newsweek reports.
In the most bizarre news of the day, Bloomberg’s Hugh Son noticed that in a late Thursday filing, the board of JPMorgan approved a series of revisions to the bank’s by-laws, including a particularly notable one:
The Federal Office for Radiation Protection said Thursday that elevated levels of the isotope Ruthenium-106 have been reported in Germany, Italy, Austria, Switzerland and France since Sept. 29.
He have yet another massive wave anomaly over the Atlantic. This one stretches from Antarctica to the East Coast of the United States. You can find more info at the link below.
With just weeks having passed since Hurricane Harvey demolished southern Texas, Hurricane Irma devastated the Florida Keys and Hurricane Maria wiped out Puerto Rico, a new storm, Tropical Storm Nate, has just formed in the Southern Caribbean and looks set to strengthen to a hurricane just before making landfall in the Gulf this weekend.
While the Senate Intelligence Committee is investigating Russia’s alleged meddling in the 2016 US election, President Donald Trump has urged the body to look into American media to see why “so much of our news is just made up-FAKE!”
“Why Isn’t the Senate Intel Committee looking into the Fake News Networks in OUR country to see why so much of our news is just made up-FAKE!” Trump tweeted Thursday morning, the day after the Senate Intelligence Committee updated reporters about its months-long investigation into Russia’s alleged interference in the US election.
An asteroid measuring between 30 feet and 100 feet is set to pass Earth on October 12 at a distance of 27,000 miles—about an eighth of the distance to the Moon. This makes it one of the largest close approach asteroids to brush past Earth this year, and presents NASA with a valuable opportunity: To test out its planetary defense systems.
The asteroid, named TC4, was discovered in 2012 and scientists have been tracking it ever since—until recently, it was thought TC4 could come within 4,200 miles from Earth’s surface.
Yahoo has tripled its initial estimate of the number of email accounts affected by a data breach in 2013. The company announced that all the 3 billion users who had a Yahoo email account at the time were affected and could have their data compromised.
Oath, Yahoo’s new parent company, announced Tuesday that it is providing notice to 2 billion additional user accounts that had been affected by a data breach in 2013.
The Trump administration is exploring ways to replace the use of Social Security numbers as the main method of assuring people’s identities in the wake of consumer credit agency Equifax Inc.’s massive data breach.
The Federal Reserve was created by an act of Congress in 1913 and a stroke of the pen by President Woodrow Wilson. And the purchasing power of US consumers has never been the same.
As mayors of cities with large Puerto Rican populations continue to advocate for federal assistance to help with the resettlement of hundreds of thousands of Puerto Ricans who are expected to temporarily seek shelter with friends and families in the US, Florida Gov. Rick Scott has declared a state of emergency in Florida, allowing state agencies to take extraordinary measures to assist families that will soon be arriving in droves to cities like Orlando and Miami, both of which feature large Puerto Rican populations.
The Orlando Sentinel reports that Scott announced that disaster relief centers will be set up at Orlando International Airport and in Miami to help those seeking refuge in Florida.
The tax plan will cost $2.4 trillion over the first decade and $3.2 trillion over the second decade, on a static basis
Fast forward to 2027, when the overall average tax cut would be smaller than in 2018, increasing after-tax incomes 1.7 percent. Taxpayer groups in the bottom 80 percent of the income distribution—those making less than about $150,000—would receive average tax cuts of 0.5 percent or less of after-tax income. However, taxpayers making between about $150,000 and $300,000 would on average pay about $800 more in taxes than under current law. And the one item which Democrats will love: about 80% of the total benefit would accrue to taxpayers in the top 1 percent, whose after-tax income would increase 8.7 percent.
It gets worse: by 2027, taxes would rise for roughly one-quarter of taxpayers, including nearly 30 percent of those with incomes between about $50,000 and $150,000 and 60 percent of those making between about $150,000 and $300,000.
According to the Tax Policy Center, the number of taxpayers with a tax increase rises over time. This is because the plan would replace personal exemptions, which are indexed for inflation, with additional credits for children and non-child dependents that are not indexed for inflation. In addition, indexing tax brackets and other parameters to the slower-growing chained Consumer Price Index means that over time more income is subject to tax at higher rates.
Finally, there is of course, the repeal of the state and local tax deduction, a move which is expected to be widely hated by homeowners across the US, but as the chart below shows, by democrat states far more than republican states.
