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Opinion | Are E.V.s Too Quiet and ‘Boring’?
  + stars: | 2024-05-05 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Electric Cars Are Boring,” by Ezra Dyer (Opinion guest essay, April 13):If E.V.s are boring, I guess I am OK with being bored. owner, I no longer have to stop at the gas station to fill up in all kinds of (Chicago) weather. in various types of inclement weather. I am now at the age where simpler (boring) is better. It’s because they are 1) too expensive; 2) take too long to charge; 3) don’t go far enough on a single charge.
Persons: Ezra Dyer, Dyer, Ron Thomas Glencoe, don’t Locations: Chicago, Ill
Washington CNN —Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. That guidance will be key for market observers who clearly have divergent views on interest rates. Forecasts from major Wall Street banks on the first rate cut are all over the place: JPMorgan and Goldman Sachs expect the first cut in July, while Wells Fargo is betting on September. Some Fed policymakers, meanwhile, have even floated the possibility of a rate hike, instead of a cut.
Persons: Goldman Sachs, Wall, Liz Ann Sonders, Charles Schwab, Jerome Powell, , ” Kathleen Grace, John Towfighi, That’s, nearshoring, Alberto Ramos, Ramos, Morgan Stanley, Read, Cindy Westman, , Brian Fung, Jason Carroll, I’ll, , Westman, , Westman — Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, JPMorgan, Bank of America, CNN, Labor Department, Manufacturing, Commerce Department, Program, Social Locations: Washington, Wells, Mexico, , China, United States, Eureka , Illinois
But in just a few weeks, her internet bills, and those of other Americans like her, could skyrocket by hundreds of dollars a year. The program is heavily used by Americans over age 50, military veterans and low-income working families nationwide, according to FCC data. Amira Karaoud/Reuters/FileRural and older usersThe ACP has quickly gained adoption since Congress created the program in the 2021 bipartisan infrastructure law. Large swaths of the ACP’s user base trend older; Americans over 65 account for almost 20% of the program. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service.
Persons: Cindy Westman, , I’ll, , Westman, , Westman —, Gigi Sohn, , Biden, Allison Bailey /, Cynthia George, George, ” George, Marc Veasey, They’re, Geoffrey Starks, “ It’s, ” Starks, Amira Karaoud, Walter Durham, I’m, ” Durham, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Kamesha Scott, Louis, Megan Janicki, ” Janicki, Reagan, Mike Johnson, Blair Levin, Johnson didn’t, Levin, Jonathan Blaine, ” Blaine, they’re Organizations: CNN, Program, Social, Federal Communications Commission, FCC, Capitol, Getty, MSN, White, ” Texas Democratic, , Comcast, ACP, Navy, American Library Association, Lifeline, Republicans, Republican, New, Research, ” Bills Locations: Eureka , Illinois, America, Dallas, Las Vegas, Kentucky, San Diego, United States, Maine, St, Vermont
As Tax Day approaches, there are plenty of things small business owners should keep in mind when filing taxes this year. Since business tax filing is complex, most experts recommend small business owners work with a professional tax adviser rather than trying to file on their own or even with tax-filing software. Here are things small business owners should consider as the April 15 deadline looms. There’s also a tax credit based on employer contribution, up to $1,000 annually per employee, over the plan’s first five years. Designed to help small businesses keep employees during pandemic-era shutdowns, the generous credit let businesses file amended tax returns to claim the credit.
Persons: , Amber Kellogg, , it’s, Mitch Gerstein, Gerstein, There’s, Scott Orn, Orn, ” Orn, Danny Castro, Occams Organizations: Occams Advisory, Isdaner, Congress, Kruze Consulting, BDO USA, BBO, ERC, IRS Locations: Florida
AdvertisementFlexibility can be an illusionMost single parents with whom BI spoke said they valued the flexibility gig work gives them. Some single parents with disabilities said being able to take days off has helped them stay healthier and avoid burnout. This means that a higher percentage of single parents' earnings goes toward childcare costs, pushing some away from using childcare entirely. "These fluctuations and discrepancies can be devastating to individuals who don't have other mechanisms to make money, including single parents who are often operating on a single income," Greening said. AdvertisementIt's not easy for parents with older childrenThe issues single parents face still linger for those with older children.
Persons: Bri, Uber, Dara Khosrowshahi, Lyft, Uber hasn't, Susan, she's, Lindsey Cameron, Cameron, Cindy Lehnhoff, Lehnhoff, Bryant Greening, Greening, Starla, She's, Genesis, Paul, he's, It's humbling Organizations: Service, DoorDash, Walmart, Business, Wharton School, National Child Care Association, BI, Uber, Security Disability Insurance, Arizona State University Locations: Fort Worth , Texas, Grubhub, bam, Ohio, Jacksonville , Florida, Atlanta, Las Vegas
Jayla, 28, spent two years driving for Uber and Lyft and struggled to find stable housing and provide for herself and her son. But after switching jobs and becoming a bus driver in late 2023, she's now living in her own apartment. After landing a bus driver position and a W2, she secured an apartment in Akron despite no luck in Texas. AdvertisementBecoming a school bus driverShe decided to become a school bus driver as she could work morning and afternoon shifts while working around her son’s day care schedule. The same day she applied, she was hired as a bus driver for her local Akron school district.
Persons: Uber, Lyft, she's, that’s, ” Jayla, Jayla, , I’ve, she’s Organizations: Service, Business, Lyft, Hertz, Akron Metropolitan Housing Authority Locations: Akron , Ohio, Houston, Akron, Texas, Lyft
Genesis, 33, made $103,000 in gross earnings in 2022 driving for Uber and Lyft driving nearly every day. She also thought it would be a better city to raise her kids as a single mother. Genesis and other single parents said they're not pulling in enough from driving and are being forced to look to other industries. She had to work nearly every day to make over $103,000 in 2022, though expenses added up fast. AdvertisementWhat's keeping her afloat now is entertainment work as a staffing solutions person, helping clients find bartenders, waitresses, and other staff for parties and events.
Persons: Uber, She's, they're, Orlando, Genesis, Lyft, It's, she's, hasn't, it's Organizations: Service, Business, Ford Expedition, Orlando, BI, Chevy, Hartsfield, Jackson Atlanta International Airport, SAG Locations: Orlando, Atlanta, Florida
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One year ago, we moved from a tiny, rural town in Texas to a suburb of Salt Lake City. We made the move to be closer to extended family, but a major sticking point was the increased cost of living. The complexity of the so-called simple lifeMany of the costs of living in rural Texas were unseen. So while certain budgeting items were cheaper in rural Texas, life is simpler now — even if it costs a little more.
Persons: , Uber haven't Organizations: Service, Business, Housing, Walmart, Texas Panhandle Locations: Texas, Salt Lake City, Utah, Salt
She can't work a 9-to-5 due to a back condition she said she developed in the Air Force. She's behind on her rent, and the amount she makes from driving can't cover most expenses. She took up gig driving in August 2023, hoping it would help her pay bills. AdvertisementAcross the country, thousands of Americans with disabilities are looking to gig work to make ends meet. In 2015, she tried gig driving for a few months in Fort Collins, which she said was profitable but not as much as a full-time job.
Persons: Rene, she's, Uber, , Terrence Hayes, it's, hasn't, She's, they're Organizations: Air Force, Service, Business, BI, Veterans Locations: Denver, Fort Collins
Michael, a ride-hailing driver in his late 30s, made more than $110,000 in gross earnings driving for Uber and Lyft in 2022. He said he'd noticed ride-hailing driving had become increasingly less profitable after more than 17,000 rides across six years. AdvertisementAmericans with disabilities are increasingly looking to gig work — particularly ride-hailing driving — to pay their bills and to find work schedules that fit their needs. But for drivers such as Michael, gig work is unsustainable, given all the associated costs that go into ride-hailing driving and the lack of benefits. AdvertisementHe switched to Uber full-time shortly after, driving in the nighttime as rides were most profitable and competition was sparse.
Persons: Michael, Uber, who's, he'd, He's, we're, , wasn't, hasn't Organizations: Service, Business, Uber, New Jersey —, Arizona State University, Diamond Locations: New Jersey, New York City, New Jersey — New York, York, nsheidlower@businessinsider.com
Before she left for college I gave her a crash course on laundry, cooking, and banking. AdvertisementWhen my daughter graduated from high school and set her sights on college, I started to panic. AdvertisementNow, as she's about to enter her second semester of college, I realize I had nothing to worry about. Caroline took initiative, asked questions, and figured out what to do all on her own. She finished her first semester of college and is about to start her second semester of freshman year.
Persons: , Caroline, doesn't, She's, they've Organizations: Service
CNN —The president of the COP28 climate summit, Sultan Al Jaber, recently claimed there is “no science” that says phasing out fossil fuels is necessary to limit global warming to 1.5 degrees Celsius above pre-industrial levels, in comments that have alarmed climate scientists and advocates. The future role of fossil fuels is one of the most controversial issues countries are grappling with at the COP28 climate summit. Al Jaber was asked by Mary Robinson, former president of Ireland and current chair of the Elders Group, an independent group of global leaders, if he would lead on phasing out fossil fuels. While some argue carbon capture will be an important tool for reducing planet-heating pollution, others argue these technologies are expensive, unproven at scale and a distraction from policies to cut fossil fuel use. “They are not going to get any help from the COP Presidency in delivering a strong outcome on a fossil fuel phase out,” he said in a statement.
Persons: Sultan Al Jaber, Al Jaber, Mary Robinson, Robinson, , Al Jaber’s, what’s, Romain Ioualalen, Al, ” Joeri, Mohamed Adow, Angela Dewan, Rachel Ramirez Organizations: CNN, , Guardian, Elders Group, Abu, Abu Dhabi National Oil Company, UN, International Energy Agency, IEA, Stockholm Environment Institute, Change, Imperial College London Locations: Paris, , Abu Dhabi, Stockholm, UN, UAE
U.S Secretary of State Antony Blinken speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo, in Dubai, United Arab Emirates December 1, 2023. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsSummary COP 'side deals' have boomed in recent yearsVoluntary climate pledges yield mixed resultsSome have led to tougher CO2-cutting policiesDUBAI, Dec 2 (Reuters) - While the world's climate diplomats huddle over draft decisions to be made at the end of this year's U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. "They go much further than what you can do multilaterally," said Marc Vanheukelen, a former EU official who led the bloc's work on an international methane emissions pledge launched at the COP26 climate summit in 2021.
Persons: Antony Blinken, SAUL LOEB, Marc Vanheukelen, Jonathan Banks, Laurie van der, OCI, It's, Erin Matson, Luiz Inácio Lula da Silva, Matson, Kate Abnett, Tommy Wilkes, Katy Daigle, Jon Boyle Organizations: Food Systems, United Arab Emirates, REUTERS Acquire, EU, Global, Air Task Force, Reuters, Bank, U.S, Change, WWF, Rainforest Alliance, Climate, Thomson Locations: Dubai, United Arab, DUBAI, COP28, Glasgow, U.S, Nigeria, Canada, The U.S, China, Russia, COP26, Britain, France, United States, Italy, Germany, Brazil
COP28 Lines up New Climate Pledges - but Do They Work?
  + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com   time to read: +5 min
By Kate AbnettDUBAI (Reuters) - While the world's climate diplomats huddle over draft decisions to be made at the end of this year's U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. Unlike official summit decisions, which must be passed by consensus among the nearly 200 countries, voluntary pledges can be made quickly, and boldly, without the worry of one party objecting. "They go much further than what you can do multilaterally," said Marc Vanheukelen, a former EU official who led the bloc's work on an international methane emissions pledge launched at the COP26 climate summit in 2021.
Persons: Kate Abnett DUBAI, Marc Vanheukelen, Jonathan Banks, Laurie van der, OCI, It's, Erin Matson, Luiz Inácio Lula da Silva, Matson, Kate Abnett, Tommy Wilkes, Katy Daigle, Jon Boyle Organizations: Reuters, EU, Global, Air Task Force, Bank, U.S, Change, WWF, Rainforest Alliance, Climate Locations: COP28, Glasgow, U.S, Nigeria, Canada, The U.S, China, Russia, COP26, Britain, France, United States, Italy, Germany, Brazil
And yet, even as the climate crisis inserts itself viscerally into people’s lives, experts say the year has seen alarming backsliding on climate action. Green policies have been watered down, huge new oil and gas projects have been greenlit and coal has had something of a resurgence. As countries gather in Dubai for the UN’s COP28 climate summit, there are “high expectations,” said Harjeet Singh, the head of global political strategy at nonprofit Climate Action Network International. It sent worrying signals about climate backtracking, said Elisa Giannelli, a senior policy advisor at climate think tank E3G. Around 50% of its total capital spending needs to go toward clean energy projects by 2030, according to the report.
Persons: , Harjeet Singh, Kaveh Guilanpour, Singh, Biden, , Erik Grafe, Joe Biden, Countess, Norway —, Elisa Giannelli, “ It’s, Rishi Sunak, Joeri Rogelj, Flora Champenois, It’s, Bernd Lauter, ” Rogelj, Darren Woods, Bernard Looney, Fatih Birol, Guilanpour, Claire Fyson, ” Fyson, “ we’re, ” CNN’s Ella Nilsen, Ivana Kottasová, Gan Organizations: CNN, United Nations, Action, , Climate, Energy Solutions, US Department of Interior, Imperial College London, Global Energy Monitor, GEM, Getty, BP, Chevron, ExxonMobil, Shell, Exxon, IEA, Climate Analytics Locations: Canada, Libyan, Dubai, Alaska, Washington ,, Australia, Norway, Europe, Germany, China, Asia, Ukraine, Eschweiler, COP28
Wally Nowinski bought a Tesla Model 3 in 2020 to drive from California to his parents in Michigan. It was so easy to buyEven if Tesla was selling a gas car, I would probably buy it. Most people go to their neighborhood gas station once a week, but with an electric car you'll never have to do that again. AdvertisementAdvertisementFor most of the time I've owned the car, I've lived in apartments. I'd even consider another electric car.
Persons: Wally Nowinski, Elon Musk, , it's, Tesla, I've, It's Organizations: Tesla, Service Locations: California, Michigan, El Cerrito , California, San Francisco, Seattle
Fred, who is 40, drives nearly 40 hours per week for Uber in addition to his full-time job. AdvertisementAdvertisementOn a normal weekday, Fred, a 40-year-old Uber driver in Virginia, starts working at 3:30 a.m. He calls driving for Uber his second full-time job . It's become more difficult to make moneyFred said an increase in the number of Uber drivers has made it difficult for him to make money. AdvertisementAdvertisementDespite the long hours, Fred said he enjoys driving for Uber and helping customers get where they need to go.
Persons: Fred, , Uber, Fred —, It's, Nathan Stirk, Robert Alexander, he's Organizations: Uber, Service, Getty Locations: Virginia
Hertz's embrace of Teslas isn't going so well
  + stars: | 2023-10-28 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
Hertz had initially aimed to make 25% of its fleet electric by the end of 2024. Today, 11% of Hertz's cars are electric, and 80% of those are Teslas. AdvertisementAdvertisementIn 2021, Hertz started going all-in on EVs, announcing a plan to buy 100,000 Teslas as part of an effort to give customers electric options. Add it all up, and Hertz's third-quarter profits would have been "several margin points higher" if its fleet was similarly sized but didn't include EVs, Scherr said. This year, electric cars have been languishing on dealer lots, forcing automakers to cut prices and lather on other incentives.
Persons: Hertz, EVs, , Stephen Scherr, Scherr, it's, Elon Musk, Tesla, General Motors — Organizations: Service, General Motors, EV, Manufacturers, Ford, General, EVs Locations: EVs
WASHINGTON, Sept 18 (Reuters) - With the world on track to break the record for the hottest year in history, world leaders, business leaders, celebrities and activists have converged on midtown Manhattan for Climate Week and the U.N.'s Climate Action Summit, again focusing the world's attention on the climate crisis. As of Monday, the U.N. had not announced which world leaders or officials would get one of the coveted speaking slots at the climate summit. "It is disheartening to witness the lack of ambition on what truly ails us – emissions from fossil fuels," the small islands alliance said in a statement. "We implore the international community to use the platforms of the UNGA and New York Climate Week to signal unequivocal support for Small Island Developing States," it said, using the acronym for the U.N. General Assembly. Meanwhile, at several hotel ballrooms and other venues across Manhattan, around 2,600 people have registered for in-person attendance at Climate Week events featuring over 200 speakers from the private sector, governments and nongovernmentalion (NGOs.
Persons: Antonio Guterres, we're, Selwin Hart, Guterres, Hart, We’ve, Romain Ioualalen, Valerie Volcovici, Jonathan Oatis Organizations: Climate, United Nations General Assembly, U.N, Action, United Arab, Alliance of Small, General, Oil Change, Thomson Locations: Manhattan, Paris, United Arab Emirates, Brazil, China, South Africa, India, Russia, New, midtown Manhattan
At the center of it allClean energy investments by Masdar could help Uzbekistan, a vast, landlocked country in Central Asia where the population and its energy needs are growing rapidly, rely less on the fossil fuels that make up nearly all of its energy arsenal today. Its government relies entirely on foreign funding to build up its energy infrastructure, however, and will take what it can get. He said he hoped to get countries to agree on a tripling of global renewable energy capacity at the climate talks. Emirati funding of both renewable and fossil energy is playing out elsewhere, too. In Azerbaijan, a recent Adnoc investment in an offshore oil field overshadowed Masdar’s expansion in renewable energy.
Persons: Jaber Organizations: Oil Change Locations: Uzbekistan, Central Asia, Masdar, Al, Azerbaijan, Germany, Japan
They threatened to stay until the subsidies are lifted, and to come back every day if the police remove them. The action is part of a series of protests led by Extinction Rebellion targeting the Dutch parliament. Political Cartoons View All 1148 ImagesA report published Monday said the Dutch government spends around 37.5 billion euros ($40.5 billion) per year in subsidies to industries that use fossil fuels — notably the powerful shipping industry. Minister for Climate and Energy Rob Jetten acknowledged that the country has to end the subsidies, but has offered no timeline. The report calls on lawmakers to begin phasing out the subsidies even before the country’s Nov. 22 general election.
Persons: , Energy Rob Jetten Organizations: Greenpeace, Extinction, The Centre, Research, Multinational Corporations, Change International, Minister, Climate, Energy Locations: HAGUE, Netherlands, The Hague
Investors should see opportunity after Valvoline 's recent sell-off, Wells Fargo said. "VVV is a high quality operator w/ category-leading comps, accelerating unit growth and an asset-light model," he said. While electric vehicles present a long-term risk, "recent underperformance is sharp and we see opportunity." While he noted shares trade 13% above auto service providers, they are below auto part peers, high-growth retailers and restaurants. While Lantz admitted that the rise of electric vehicles creates a risk, Valvoline is in a better position than others.
Persons: Valvoline, Wells Fargo, David Lantz, Lantz, — CNBC's Michael Bloom Locations: Aramco
I Love Images | Cultura | Getty ImagesRising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. "If you have good credit, you get lower interest rates," he said. "If you have poor credit, you're going to get higher interest rates." Interest rates on used cars currently are the highest in Alabama, Georgia, Louisiana, Mississippi, Nevada, New Mexico, Ohio, South Carolina and West Virginia. The longevity risk associated with used cars is yet another factor driving up interest rates for car shoppers, Yoon said.
Persons: Edmunds, Joseph Yoon, Tom McParland, McParland, Here's, Yoon Organizations: Getty, U.S, Automatch Consulting, WalletHub, Finance, AAA Locations: Alabama , Georgia, Louisiana , Mississippi , Nevada , New Mexico , Ohio, South Carolina, West Virginia, Ohio, New Mexico, Massachusetts
This as-told-to essay is based on a conversation with Raychel Reimer, a van life content creator from Vancouver, Canada. At the time we were living out of our backpacks when I found van life videos on YouTube. Although we wouldn't trade van life for anything, here are five things you should know before trying it for yourself. Many think, people who participate in van life don't work, or we don't have real jobs. We love being a part of the van life community and we would not trade van life for the high cost of living in Vancouver.
Persons: Raychel Reimer, Nick, Raychel, Nicks, Nick We, we've, Nick's, that's, Nick It's, there's, it's, Alyshia Organizations: Service, YouTube, USA, Alyshia Hull, ahull Locations: Vancouver, Canada, Wall, Silicon, Cambodia, San Diego, It's
Driving a Tesla means no more oil changes and frequent upkeep. A Tesla will never need an oil change and requires less upkeep overall. Hum Images/Universal Images Group via Getty ImagesSome Tesla owners say they've gone years without bringing their EV into a repair shop. Meanwhile, an electric car will never need an oil change, new fuel filter, spark plugs, or emission checks. Many Tesla owners said the only times they visited service centers were for issues that were covered by the carmaker's warranty or for collisions.
Persons: Tesla, they've, Elon Musk, I've, Robbie Mack Organizations: Getty, ICE, Consumer
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