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☆ Beaten down US solar sector may be primed for a rebound: Maguire
▼ + stars: | 2023-09-27 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

High interest rates that caused financing costs for panel installations to surge and enduring supply chain disruptions have stifled residential and corporate solar system orders through much of 2023, hammering sector sentiment. SunPower Corporation (SPWR.O), which for nearly 40 years has been one of the largest U.S. residential solar system installers, has been the downside leader in terms of key solar share prices, dropping by nearly two-thirds year-to-date. The company also expects its leasing business - where it leases instead of sells solar panels to households, and charges homeowners a monthly fee - to show continued growth following a 108% expansion in the second quarter. HOME GROWN PRODUCTIONFirms that specialize in the manufacture of key solar components have also seen steep stock price declines this year. Wall Street trackers are also upbeat on the outlook for First Solar (FSLR.O), which is one the few solar sector companies to have had share prices gain year-to-date.

Persons: Roth, Gavin Maguire, Jamie Freed Organizations: SunPower Corporation, Enphase Energy Inc, Reuters, Thomson Locations: LITTLETON , Colorado, California, U.S, United States, Ohio, Alabama

☆ Giant Batteries Helped the U.S. Power Grid Eke Through Summer
▼ + stars: | 2023-09-26 | by ( Jennifer Hiller | Photographs Jake Dockins For The Wall Street Journal | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Expectations of resilient coal demand in China, the world's largest consumer and importer of the fuel, could delay a peak in global coal use, envisaged under climate goals, as miners supply coal for longer at competitive prices, traders say. Six Chinese traders Reuters spoke to said they expected harsh weather to drive overall imports higher in the last quarter of 2023. So I think Chinese demand growth is going to steady at where it is," a seventh trader from a large international trading firm said. It was the first global conference for many Chinese traders whose overseas travel was restricted due to strict Covid restrictions. Echeverri said a fall in average calorific value - an indicator of quality - of domestically mined coal was also contributing to the higher imports.

Persons: Rodrigo Echeverri, Ramli Ahmad, Ombilin Energi, Ahmad, Echeverri, Sudarshan, Ros Russell Organizations: Traders, Indonesia, Noble Research, Thomson Locations: NUSA DUA, Indonesia, China, Bali's Nusa Dua

☆ Travelers say Tampa International is the best large airport in North America for the second year in a row
▼ + stars: | 2023-09-26 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Power ranked the best airports in North America for 2023. Power released its annual North America Airport Satisfaction Study, which ranks large airports based on overall customer satisfaction on a 1,000-point scale. 1 large airport in North America: Tampa International AirportFor the second year in a row, Tampa International Airport is the best large airport in North America based on customer satisfaction with a score of 832/1,000. Tampa International Airport in Florida is ranked as the best large airport in North America. Education Images | Universal Images Group | Getty Images10 best large airports in North America, 2023

Organizations: Power, North, Tampa International, CN Traveler, International, American Airlines, Delta Air Lines, JetBlue, Tampa International Airport, Getty Locations: North America, America, Florida

☆ Travel news: This airport has more global flight connections than anywhere else in the planet
▼ + stars: | 2023-09-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. Airports flying highSome airports rank highest for passenger volume, such as Hartsfield-Jackson Atlanta International, which served close to 94 million travelers last year. Others excel in passenger satisfaction in North America, such as those in Detroit and Minneapolis, which triumphed in a new study by J.D. However, there are three international airports that punch above their weight when it comes to their rich array of connecting flights around the world. Destination inspirationWhen planning vacation itineraries, you really can’t go wrong by checking out local UNESCO World Heritage sites: It’s the unofficial stamp of a quality day out.

Persons: Nikki Bettis, ” Organizations: CNN, UNESCO, Hartsfield, Jackson Atlanta International, London Heathrow, New, JFK, Amsterdam’s, Kuala Lumpur International, Tokyo, Heritage, Bale, Oriental Express, Orient, Disney, Magic Kingdom, United Airlines Locations: North America, Detroit, Minneapolis, ., London, Amsterdam’s Schiphol, Kuala, Tokyo Haneda, Ohio, Ethiopia, West, Jericho, Venice, UNESCO’s, Lake Como, Singapore, Malaysia, Italy, Italy’s, Magic, China, Rome

☆ Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way
▼ + stars: | 2023-09-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Retail executives generally agree that retail theft is worse than they've ever seen. Even so, leaders from Costco, Lowe's, Best Buy, and Tractor Supply have said their businesses aren't so affected. The companies have five striking similarities that are helping them win the war on retail theft. "Organized retail crime is worse now than I've ever seen it," Tractor Supply CEO Hal Lawton told Insider in August. Meanwhile, a typical Tractor Supply location may have as many as eight people working in a relatively small, 20,000 square-foot store.

Persons: Hal Lawton, I've, Marvin Ellison, Corie Barry, Richard Galanti, We've, Lawton, Dominick Reuter, John Tlumacki, Ben Tobin, they're, Paul Hennessy, Lowe's, Mario Tama, Barrie, Ellison Organizations: Costco, Lowe's, Tractor Supply, Service, Goldman Sachs, Conference, Supply, Massachusetts Costco, Boston Globe, Getty, Electronics, Retailers, Tractor Locations: Wall, Silicon, Massachusetts, Costco, Orlando

[1/2] Vehicles of Russian peacekeepers leaving Azerbaijan's Nagorno-Karabakh region for Armenia pass an Armenian checkpoint on a road near the village of Kornidzor, Armenia September 22, 2023. Images of fleeing Armenians at Russia's own peacekeeping base at an airport in Nagorno-Karabakh have been harder for them to watch. But its handling of the Karabakh crisis has forced it into a blame game with Armenia and obliged it to defend its foreign policy in the region. It now accuses him of triggering the crisis by saying - after Russian peacekeepers were deployed to Karabakh in 2020 following Armenia's defeat in a 44-day war - that he recognised Azerbaijan's territorial integrity. Baku has long argued that Karabakh falls within its own borders, but Karabakh Armenians wanted Pashinyan to recognise their independence and unify them with Armenia.

Persons: Irakli, Alexander Baunov, Russia's, Sergei Markov, Pashinyan, Dmitry Medvedev, Medvedev, Margarita Simonyan, Andrew Osborn, Gareth Jones Organizations: REUTERS, Armenian, Soviet, Carnegie, Karabakh, Protesters, Kremlin, Russian, Security Council, NATO, Thomson Locations: Karabakh, Armenia, Kornidzor, Russia, Azerbaijan Moscow, Kabul, U.S, Afghanistan, Nagorno, Turkish, Moscow, Azerbaijan, Soviet Union, Turkey, Iran, Ukraine, South Caucasus, Stepanakert, Russian, America, Baku ., Yerevan, Baku, Pashinyan

☆ Washington D.C. is the No. 1 place in the U.S. for taking climate change seriously
▼ + stars: | 2023-09-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Power report shared exclusively with CNBC Make It ranked 48 states and the District of Columbia on how serious the issue of climate change is on a scale of zero to four, with zero being "there is no climate change" and four being, "climate change is very serious." Washington D.C. ranked as the place in the U.S. that takes climate change most seriously. 1 place in the U.S. for taking climate change seriouslyUtility customers in Washington D.C. have the greatest sense of urgency about climate change, with an average score of 3.11— the only region evaluated in the study to score higher than 3. According to the Department of Energy and Environment, Washington D.C. is approaching climate change from two sides: adaptation and mitigation. 3 place in the U.S. that takes climate change the most seriously, according to J.D.

Persons: Power, David J Ocasio, Feng Wei Organizations: District of Columbia, CNBC, Washington D.C, Getty Images Washington, Department of Energy, Environment, Clean Energy, D.C, Washington, Vermont, Istock, Getty Images Vermont, Vermont Legislature, Global Locations: Utilities, Alaska, Rhode, U.S, Washington, Vermont, Hawaii, California, Oregon, Connecticut, Massachusetts, Colorado, Maine, Delaware, County , Vermont

☆ AI-Driven Cataclysm Could Rock the Job Market: Top Economist
▼ + stars: | 2023-09-18 | by ( Aki Ito | ) www.businessinsider.com time to read: +33 min

Over the course of three conversations this summer, Acemoglu told me he's worried we're currently hurtling down a road that will end in catastrophe. "There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "I was following the canon of economic models, and in all of these models, technological change is the main mover of GDP per capita and wages," Acemoglu told me. In later empirical work, Acemoglu and Restrepo showed that that was exactly what had happened. "I realize this is a very, very tall order," Acemoglu told me.

Persons: who's, Katya Klinova, Daron Acemoglu, Simon Johnson, Acemoglu, Johnson, we've, he's, we're, Power, James Robinson, —, Robinson, David Autor, Pascual Restrepo, Restrepo, John Maynard Keynes, Simon Simard, Lord Byron, Eric Van Den Brulle, hasn't, it's, Gita Gopinath, Paul Romer, Romer, What's, Daron, GPT, Asu Ozdaglar, It's, Mark Madeo, Tattong, Erik Brynjolfsson, Brynjolfsson, There's, Yoshua Bengio, Yuval Noah Harari, Andrew Yang, Elon Musk, I've, That's, Aki Ito Organizations: Getty, MIT, of Technology, Hulton, London School of Economics, Stagecoach, Technology, —, International Monetary Fund, Microsoft, Asu, Companies, Computer, Greenpeace, Communications, Big Tech, Workers Locations: Silicon Valley, America, Boston, Istanbul, Turkey, Acemoglu, England, United States, Britain, Australia

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

☆ Potential UAW strike could cut production, push up vehicle prices, analysts say
▼ + stars: | 2023-09-11 | by ( Priyamvada C | ) www.reuters.com time to read: +3 min

Sept 11 (Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said. New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to automotive consulting firm J.D. That would mean an end to the trend of cooling vehicle prices in recent months, at a time when inflation continues to pinch U.S. consumers. However, UAW president Shawn Fain rejected the idea that worker wages were responsible for auto prices going up in the last few years. In a video released on Thursday titled "Here's what the Big Three and the corporate media's NOT telling you about car prices," Fain said "corporate greed" was responsible for rising car prices.

Persons: Tyson Jominy, Jominy, Garrett Nelson, J.P, Morgan, Jimmy Bhullar, Jim, Farley, Mary, Barra, Dan Ives, Tesla, Bryan DeBoer, Shawn Fain, Fain, Priyamvada C, Nathan Gomes, Abhijith, Anil D'Silva Organizations: United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Toyota, Honda, Volkswagen, Deutsche Bank, GM, Ford, Lithia Motors, Thomson Locations: ., U.S, Bengaluru

☆ A UAW strike could drive up inflation, push Michigan into a recession, and even hurt Biden in the election
▼ + stars: | 2023-09-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A United Auto Workers union strike could occur as soon as Friday. A 10-day strike could cost the economy $5.6 billion and hurt Biden in the election. A 10-day strike of over 143,000 workers could reduce the nation's gross domestic product by $5.6 billion, AEG found, which could push Michigan into a recession. Despite a lack of inventory, industry profits skyrocketed, even though 2022 was the worst year for sales for the auto industry in over a decade. A UAW strike could damage the Fed's progress in bringing inflation down to its 2% target.

Persons: Biden, Power, Shawn Fain, Fain, Joe Biden's, Wally Adeyemo, Biden's, Brian Sullivan Organizations: United Auto Workers, UAW, Ford, GM, Service, General Motors, Anderson Economic, AEG, Michigan, Deutsche Bank, Reuters, Bloomberg, CNBC Locations: Wall, Silicon, Detroit, Michigan, Wisconsin

☆ An overnight locksmith can cost $400. Here's how much you might have to fork over for other emergencies
▼ + stars: | 2023-09-08 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Their most common approach, instead, was to put the emergency expense on a credit card and pay it over time. If you do use your credit card, make sure you prioritize paying off the balance in full by the end of the month, she added. "Use your credit card as a 30-day bridge, but commit to paying that off," she said. HELOCs interest rates are generally lower than credit card interest rates. However, they tend to be variable interest rates, so you don't want to use it if you don't have to, McClanahan said.

Persons: Winnie Sun, Tiger Woods, Frederic J, Brown, Power, Tom Grill, Angi, Carolyn McClanahan, McClanahan Organizations: Federal Reserve, Sun, Wealth Partners, CNBC FA, AFP, Getty, Planning Partners Locations: Irvine , California, Rancho Palos Verdes , California, Texas , California, New York, Jacksonville , Florida

☆ Column: US wind power generation breaks out of summer doldrums
▼ + stars: | 2023-09-08 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

REUTERS/Nick Oxford/File Photo Acquire Licensing RightsLITTLETON, Colorado, Sept 8 (Reuters) - After months of low wind speeds in several key wind farm areas, U.S. wind power generation hit its highest levels in nearly five months in early September as wind speeds picked up. The remaining states recorded an average wind generation drop of 7.1%, which contributed to a 3.1% decline in total national wind generation in the January to May period. The shortfalls in wind power have been evident in the output data of major U.S. power pool markets. Reuters Image Acquire Licensing RightsAs these markets cover over 30 U.S. states as well as the areas with the largest concentrations in wind power generation in the United States, the declines in wind power in these power pools had a direct impact on national level wind output, with knock-on effects for power generation mixes across the country. Similarly, any sustained recoveries in wind power generation totals from these key areas will lead to a commensurate rebound in U.S. power generation totals, and may allow for utilities to pare back use of natural gas and other sources of power to make way for more non-emitting wind power supplies.

Persons: Nick Oxford, Ember, El Nino, Gavin Maguire, Shri Navaratnam Organizations: REUTERS, LSEG, Reuters, Reliability, of Texas, El, Climate Impact, National Oceanic, Atmospheric Administration, U.S, Thomson Locations: Big Spring , Texas, U.S, LITTLETON , Colorado, Texas, Texas , Iowa , Oklahoma , Kansas , Illinois, North Dakota, United States, pare, El Nino

Renewable energy is more reliable but its promise for the region still remains largely unmet. Most households have depended on gasoline generators for power, but recently the government removed a gasoline subsidy, prompting increased interest in solar power, according to dealers. The Nigerian government has not announced incentives to promote solar energy, such as reducing import taxes on solar equipment as demanded by dealers. “The problem was affordability, but now customers can pay installments over a period of 18 months,” said Tunde Oladipupo, an agent for Sun King, a solar power company. Another example of this shift is the Ford vehicle assembly plant in Silverton, Pretoria, which currently sources over 35% of its electricity from solar power.

Persons: Rashmi Shah, ”, William Ruto, Tunde Oladipupo, Sun King, Monsurat Qadri, ” Qadri, ” Mohammed Ettu, Shah, ” Shah, ___ Adebayo, Magome Organizations: Climate Summit, World Bank, CP Solar’s, Associated Press, Kenyan, Solutions, Ford, South, CP, Kenya Power, Lighting Company, Supersport, AP Locations: NAIROBI, Mombasa, Nairobi, Kisii County, Kenya, Africa, Nigeria, Oyo, Lagos, Saharan Africa, South Africa, Stillwater, American, Silverton , Pretoria, Mpumalanga, Kenya —, Abuja, Johannesburg

Warmer temperatures under climate change are expected to further drive the expansion of invasive species. Invasive species are plants or animals, often moved around by human activity, that take hold in an environment with deleterious effects. ERADICATING INVADERSAbout three-quarters of the negative impacts from invasive species occur on land, especially in forests, woodlands, and farmed areas. Getting rid of invasive species once they are established, however, is difficult. Last December, the world's governments committed in the Kunming-Montreal Global Biodiversity Framework to reducing the introduction and establishment of priority invasive species by at least 50 percent by 2030.

Persons: Graeme Sawyer, David Gray, Helen Roy, Anibal Pauchard, Roy, Gloria Dickie, Angus MacSwan Organizations: Northern Territory, billabong, REUTERS, United Nations Intergovernmental, Services, Chile's Institute of Ecology, Thomson Locations: Darwin, Hawaii, Africa, West Nile, New Zealand, Kunming, Montreal, London

☆ Best High-Yield Savings Accounts of September 2023
▼ + stars: | 2023-08-31 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.43%, according to the Federal Deposit Insurance Corp. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform. How we pickedTo pick Buy Side from WSJ’s Best Savings Accounts, we looked for accounts that offered the best APY on deposited funds without restrictions.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, Foster, Alliant, —, Ivy, Achilles, We’ve, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Foster Care, Navy, Navy Federal, Bask Bank, Texas Capital Bank, Savings, LendingClub, Alliance Data Systems, Comenity Capital Bank, FDIC, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Chicago, U.S, Utah, .

☆ How Kia pulled off a massive turnaround in the U.S.
▼ + stars: | 2023-08-31 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

When the automaker arrived in the U.S. in 1994, its cars were poorly reviewed, and it was seen mostly as a low-cost value brand. Now, Kia is winning awards and commanding higher markups than its peers. U.S. sales have gone from about 12,000 units in 1994 to almost 700,000 units in 2022. "We had a record in 2022," said Steve Center, chief operating officer of Kia America, adding that the first half of 2023 brought another sales record. But Kia believes it can take on electric as well as it took on internal combustion.

Persons: Kia, Steve Center, I've, Ivan Drury, Edmunds, We've, we'll Organizations: Kia America, ICS, BMW, Audi, U.S ., EV Locations: Korean, U.S, .

☆ Falling in Love With the Avengers, America’s Most Toxic Work Force
▼ + stars: | 2023-08-31 | by ( Leigh Bardugo | ) www.nytimes.com time to read: +4 min

236, Spider-Man does indeed try to join the Avengers — and he does it because he finds out the Avengers make $1,000 per week. If the Fantastic Four represent a fantasy of an actual family, and the X-Men represent a fantasy of found family, maybe the Avengers represent a fantasy of adult life and, well, work. The story lines they follow offer comics fans another kind of twist and a different kind of team. This establishes a pattern we’ll see again and again with the Avengers of new hires that do and don’t work out. The atmosphere among the Avengers is less league of heroes bound by honor than Earth’s most hostile work environment: a constantly shifting, conflict-generating story machine.

Persons: I’m, Phantom, —, He’ll, Cap, Tony Stark, huff, Powers Organizations: Guardians, Galaxy, Wasp, Marvel

☆ EVs are the only cars you can get a deal on right now
▼ + stars: | 2023-08-27 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

As car companies produce more EVs than ever, these cars are starting to pile up on dealer lots for the first time. AdvertisementAdvertisementOn average, electric cars were selling for around $2,000 over sticker price last year, according to Jessica Caldwell, an automotive analyst for Edmunds. AdvertisementAdvertisementOn average, EVs are still more expensive, on average, than gas-powered cars, with EVs going for about $53,469 in July, says Kelley Blue Book (down from $66,000 a year earlier ). And with help from new federal tax credits, leasing deals abound on electric cars . Even some of the more expensive EVs are dropping in price rapidly, too.

Persons: Elon, Jessica Caldwell, Edmunds, Caldwell, Tesla, Kelley, they've Organizations: Tesla, EV, Shoppers

Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, California, U.S., October 2, 2019. Through July, the U.S. power sector emitted 495 million tonnes of CO2 from gas-fired generation, a 7.2% increase over the same period in 2022 and 26% more than produced by all of Asia's gas-fired power producers, data from think tank Ember shows. U.S. monthly gas-fired power sector emissionsU.S. gas power emissions are also 51% greater than those of Europe, where shortages of natural gas following Russia's invasion of Ukraine last year has forced power producers to scale back output. In turn, this will likely result in a rise in mid-year emissions alongside continued growth in winter month emissions tied to power generation for heating. This suggests that U.S. gas-fired power emissions may continue to climb in the years ahead, even as clean energy capacity growth continues to accelerate.

Persons: Mike Blake, Gavin Maguire, Sonali Paul Organizations: REUTERS, United, International Energy Agency, European Union, Reuters, Thomson Locations: Pixley , California, U.S, LITTLETON , Colorado, United States, Europe, Ukraine, Asia, India, Indonesia, Japan, South Korea

☆ Column: US power system gets gasier, but not much cleaner, in 2023
▼ + stars: | 2023-08-23 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Total power generation across the lower 48 states through Aug. 20, 2023 declined by 2.1% from the same period in 2022, data compiled by Refinitiv shows. All major U.S. power markets increased electricity generation from natural gas in Jan-Aug 2023 from the same period in 2022, and cut generation from coal. Output from clean power sources, including renewables and hydro, increased by 12%, despite drops in output from biomass and wind power sources, and a decline in imports from neighbouring states. Clean power sources accounted for a 57.4% share of the CAISO generation mix, up from 50.7% in January through Aug. 20 in 2022. THE NORTHWEST & THE RESTThe Pacific Northwest of the United States had the steepest decline in clean power generation of all the major power markets in the country.

Persons: Carlos Barria, Gavin Maguire, Sonali Paul Organizations: REUTERS, Electric, of Texas, Reuters, Thomson Locations: Mountain View , California, U.S, LITTLETON , Colorado, Jan, National, TEXAS, Texas, CALIFORNIA, California, United States

It was the firestorm that wildfire experts and residents on Maui had warned about for years — a blaze fueled by hurricane winds roaring through untamed grasses and into a 13,000-person coastal town with few ways in or out. Local officials had released plan after plan acknowledging that wildfire was all but certain. Cellphone sites were burned and lost power, leaving people unable to communicate or receive emergency alerts. And while fire departments and wildfire-preparedness groups have long urged people in fire-prone areas like West Maui to be ready and leave early, other advice from the authorities was far less concrete. The state of Hawaii’s own guide for how people should respond to hurricanes, tsunamis and other disasters does not include any direction on what to do in a wildfire.

Locations: Maui, Lahaina, West Maui

☆ Biden’s Camp David Summit Is a Pivotal Moment for Asian Security - The New York Times
▼ + stars: | 2023-08-17 | by ( Daniel Russel | ) www.nytimes.com time to read: +3 min

By choosing to hold the summit at Camp David, Mr. Biden has signaled that he understands the gravity of the moment. The good news for Mr. Biden is that the relationship between Tokyo and Seoul is improving. As President Barack Obama’s special assistant and later assistant secretary of state for East Asia, I saw firsthand the disruptive effects of friction between Japan and South Korea. China and North Korea have proven themselves adept at exploiting such differences. North Korea has in the past dangled the possible return of Japanese citizens said to have been abducted by Pyongyang decades ago, partly in an effort to curry favor with Tokyo and get it to ease some sanctions imposed on North Korea.

Persons: Camp David, Mr, Biden, David, Yoon, Kishida, Barack Obama’s Organizations: David Accords, South Koreans, Korean, U.S Locations: Camp, Washington, Israel, Egypt, Tokyo, Seoul, Japan, China, East Asia, South Korea, North Korea, American, Korea, Pyongyang, Beijing, Okinawa

WASHINGTON, Aug 16 (Reuters) - U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The legislation, Biden said, has shifted production of critical components away from China and into the United States. [1/3]U.S. President Joe Biden delivers remarks during an event to celebrate the anniversary of his signing of the 2022 Inflation Reduction Act legislation, in the East Room of the White House in Washington, U.S., August 16, 2023. The bill's name, the Inflation Reduction Act, helped solve a political problem for Democrats who were concerned that voters would punish them for soaring prices in the 2022 congressional elections. "Voters hear the Inflation Reduction Act, but they do not see their grocery bills coming down.

Persons: Joe Biden, Biden, Moody's, Kevin Lamarque, MARK Biden, WHAT'S, Jimmy Siegel, Jarrett Renshaw, Nichola Groom, Moira Warburton, Heather Timmons, Grant McCool, Jonathan Oatis, Andy Sullivan Organizations: Biden, LOVE, Wall, Bank of America, White, REUTERS, Democrats, Reuters, Washington Post, University of Maryland, White House, Democratic, Thomson Locations: China, United States, U.S, Asia, Europe, Washington , U.S

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