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☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ 5 things you should know about 5G before implementing it in your business
▼ + stars: | 2023-11-16 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

Building a private 5G network for your business could be beneficial if you need fast data transfers. But 5G is more expensive than 4G or WiFi, so it may not be worth it for every business. McKinsey has estimated that mobile operators will spend more than $650 billion from 2022 to 2025 to make 5G networks the norm. If you're considering adding 5G to your business, here's what you need to know. "At present, there are very few 5G business networks deployed, and many are still in a trial phase.

Persons: —, Keith Brownsword, Brownsword, William Webb, Webb, who's, Fabio Giust, Giust, it's, Samantha Kight Organizations: Service, Mobile, McKinsey, 4G, Institute of Electrical, Electronics Engineers, Access, 5G's

☆ Auto strikes sink US manufacturing output in October
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Manufacturing output fell 0.7% last month, the Federal Reserve said on Thursday. Excluding motor vehicles and parts, manufacturing production edged up 0.1%. Overall industrial production dropped 0.6% in October after edging up 0.1% in September. It is now eight-tenths of a percentage point below to its 1972–2022 average. The operating rate for the manufacturing sector slipped to 77.2% from 77.8% in the prior month and is one percentage point below its long-run average.

Persons: Rebecca Cook, Detroit's, Lucia Mutikani, Paul Simao Organizations: United Auto Workers, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Rights, UAW, Federal Reserve, Reuters, General Motors, Ford, Chrysler, Utilities, Thomson Locations: Wayne , Michigan, U.S

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

DETROIT (AP) — Toyota isn’t telling owners of 1.9 million recalled RAV4 SUVs to park them outdoors even though U.S. safety investigators have four complaints about engine fires that can start with the vehicles' ignitions turned off. In addition, the agency has eight reports of fires that started on the driver's side of the engine compartment where the battery is located. Four reports said “thermal events” happened with the ignition off, indicating that it may be wise for owners to park the SUVs outdoors until they can be repaired. But Toyota spokesman Aaron Fowles said the company is not advising people to park the RAV4s outdoors. Documents posted Friday by the safety agency say that Toyota has found 22 "field technical reports" in the U.S.

Persons: —, ignitions, Aaron Fowles, haven't, ” Toyota Organizations: DETROIT, — Toyota, Traffic, Administration, Toyota, U.S, NHTSA Locations: RAV4s, U.S

☆ Secretive Taiwanese power plant opens to public for the first time — as an art space
▼ + stars: | 2023-11-02 | by ( Wayne Chang | ) edition.cnn.com time to read: +6 min

Beigan, Taiwan CNN —In a sleepy Taiwanese island village just eight miles off the coast of mainland China, scooters whiz past an unassuming building that has stood here, largely overlooked, for decades. YI.ng Lighting DesignKnown locally as Jun Hun (or “Army Soul”), a nickname shared with the Taiwanese army division that built it, the Beigan Power Plant entered service in 1975 and became a linchpin of the local economy before closing in 2010. Art in the ‘heart’ of MatsuThe transformed Beigan Power Plant is the flagship venue of the Matsu Biennial, which runs through November 12 and features artworks exploring the outlying islands’ heritage, cultural identity and military past. “The power plant is the heart of Matsu that hasn’t stopped beating, and the generators are the essence of the power plant,” Liu said told CNN at the studio he shares with Chu. “I want to use sound to breathe new life into the deserted power plant, so that viewers can grasp what it was like when these generators were still running,” Wang told CNN at her studio.

Persons: Taiwan CNN —, —, Hun, ”, Mao Zedong’s, Matsu —, Matsu, Annie Chu, Liu Ping, hasn’t, ” Liu, Chu, Kinmen, Wang Yu, ” Wang, ” Chu Organizations: Taiwan CNN, Matsu, Taiwanese, Plant, Kuomintang, KMT, People’s Liberation Army, CNN, Visitors, Beigan, Matsu Biennial Locations: Beigan, Taiwan, China, Matsu, Taiwan’s, Taipei, Wang, Beijing

☆ $100 billion property giant Prologis sealed a huge EV charging station deal. It hints at a new opportunity for real estate investors.
▼ + stars: | 2023-10-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +16 min

Late last year, it installed 38 chargers for electric trucks operated by Maersk at two sites in the Los Angeles area. There were 1.8 million conventional medium and heavy duty commercial vehicles operating in the state in 2021, according to data from the California Air Resources Board. Arnold said electric charging sites might be more lucrative than traditional industrial outdoor storage properties. The EV-charging business' chicken-and-egg problemOne of the biggest constraints to the development of charging sites is the availability of power. PDS operates about 320 diesel rigs, Gillis said, but because of the rules, will purchase "20 to 30 electric trucks" a year to steadily electrify its fleet.

Persons: Henrik Holland, John O'Leary, O'Leary's, Holland, Crawford Arnold, Arnold, Southern California Reuters Arnold, Vernon, Rivian, Gage, Zeina, Azzi, she'd, Jim Hurless, Hurless, Michael Bresnahan, Bresnahan, Elon Musk, Tesla, Greg Pearson, Pearson, Frank Schulz, Marijan Murat, Jim Gillis, Gillis, Emil Abdelshehid, We're, Nikola, Moshe Cohen, Cohen Organizations: Shell, Prologis, Maersk, Daimler Truck North, Mercedes, Freightliner, Government, California Air Resources Board, US Department of Energy, IOS, Investors, Shipping, Southern California Reuters, Amazon, FedEx, UPS, Colorado ., Chateau Energy Solutions, Tesla, Klabin, Getty, Los, Pacific Drayage Services, Los Angeles Department of Water, PDS, Volvo, Inc Locations: Southern California, Danish, Los Angeles, Long, Los Angeles County, Torrance, Daimler Truck North America, California, Vernon, of Long Beach, Newark , New Jersey, Texas, New York City, New Jersey, Colorado, Inland, Fontana, San Bernardino, Brooklyn

☆ Tesla Cybertruck's unique, angular design makes it difficult to manufacture, slowing production
▼ + stars: | 2023-10-20 | by ( Lloyd Lee | Tim Levin | ) www.businessinsider.com time to read: +3 min

One issue is the Cybertruck's design, which experts have said will pose manufacturing challenges. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk pointed to the unique design of the vehicle, which he said is packed with "a lot of new technology," that makes manufacturing the Cybertruck at high volumes an immense challenge. What makes the truck unique — its angular design and stainless steel body — is a large part of the problem, Musk and experts have said.

Persons: Tesla, Elon Musk, —, Musk, Adrian Clarke, Clarke, Raj Rajkumar Organizations: Service, CNBC, Fast Company, Carnegie Mellon University, Wired

The U.S. power grid, much of it built nearly a century ago, is being strained by storms, floods and heat waves fueled by climate change even as electric vehicles and artificial intelligence are boosting power demand, Granholm told reporters in a call. In 2021, the Texas grid collapsed during a cold spell, killing more than 200 people and leaving millions of homes without power. The projects will help bring more than 35 gigawatts of new electricity onto the grid from wind and solar and other renewable power and invest in 400 microgrids, or self sufficient energy systems, the Department of Energy (DOE) said. It was the first round of selections under the broader $10.5 billion grid resilience and innovation partnerships program managed by DOE. In southeastern Pennsylvania, PECO Energy (PECI.UL) will boost grid reliability and resilience through substation flood mitigation, replacing aging infrastructure, and deploying battery systems for backup power.

Persons: Carlos Barria, Joe Biden's, Biden, Jennifer Granholm, Granholm, Timothy Gardner, David Gregorio Our Organizations: REUTERS, Rights, Wednesday, Energy, Department of Energy, DOE, International Brotherhood of Electrical Workers, Georgia Environmental Finance Authority, PECO Energy, Holy, Thomson Locations: Mountain View , California, U.S, Texas, Georgia, Pennsylvania, California, Arizona, Washington

☆ Help wanted: More female electricians to help America hit its climate goals
▼ + stars: | 2023-09-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The US needs more electricians to install renewable energy and electric vehicle chargers. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. "Many contractors refused to work with me because I was a woman," Hicks told Insider. Hicks has spent her career trying to make the industry more inclusive for women of color. Only 2% of electricians are women, federal data shows , and nearly 80% are white.

Persons: Tonya Hicks, Hicks, Qmerit, Biden, Tom Bowen, we're, Bowen, they're Organizations: Service, Brotherhood of Electrical Workers, Power Solutions, of Labor Statistics Locations: Mississippi, Atlanta, California

☆ This is the No. 1 'most important' AI skill you need to know, says MIT expert: 'You can learn the basics in 2 hours'
▼ + stars: | 2023-09-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

"The single most important skill that everybody has pointed to is these two words: prompt engineering," Agarwal, the chief platform officer of multimillion-dollar education technology company 2U, tells CNBC Make It. Prompt engineering is essentially the skill of refining and inputting text commands for generative AI programs like ChatGPT. "How you ask for something [from a generative AI tool] is very critical," says Agarwal, the founder of online educational platform edX, which was acquired by 2U in 2021. Prompt engineering can particularly help prevent generative AI's biggest current drawback: regular occurrences of mistakes, fabricated information and other errors, all known as "hallucinations." A well-trained engineer "can stop [AI] from hallucinating by providing constraints," creating more accurate and efficient results, Agarwal says.

Persons: Anant Agarwal, Agarwal, He's Organizations: CNBC, MIT, CNBC Technology Locations: hallucinating

☆ Nearly half of CEOs believe AI could replace their own jobs, says new poll—and 47% say that's a good thing
▼ + stars: | 2023-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Nearly half of CEOs — 49% — say AI could effectively replace "most," or even "all," of their own roles, and 47% say it might even be a good thing, according to a survey from online education platform edX. The poll, published on Tuesday, surveyed 1,600 full-time U.S. workers, including 800 C-suite executives and CEOs, as well as 800 non-executive workers. "It is clear that a majority [of executives] think that AI is going to be transformative," he tells CNBC Make It. It could also tackle other CEO responsibilities, like analyzing market data and brainstorming ways to improve a business' operations, some experts say. Delegating those mundane tasks could help CEOs focus on "the things that make them CEOs ... vision and dreaming about new products and selling," Agarwal says.

Persons: Anant Agarwal, Agarwal Organizations: —, MIT, CNBC Technology, CNBC

☆ Yellen’s UN week agenda: Food prices, climate change and global aid
▼ + stars: | 2023-09-18 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

"And we're spending time this week discussing food prices and what we can do to alleviate hunger and shortages of food." Oil prices rose to their highest level of the year last week, prompting some experts to predict that crude oil might reach $100 a barrel by the end of the year. "My expectation is that they will stabilize, but we'll just keep an eye on it," she said of oil prices. China's growth after ending Covid pandemic-related lockdowns, though slower than expected, is a contributor to the lift in oil prices, said Yellen. But its weakened economy, along with Germany's, was driving her focus on the global economy at the UN event.

Persons: Janet Yellen, Russia's, Yellen, CNBC's Sara Eisen, Biden Organizations: International Brotherhood of Electrical Workers, United Nations General Assembly, Initiative, World Bank, WASHINGTON —, UN, Treasury, PPI, Republican, GOP Locations: Las Vegas , Nevada, Ukraine, New York City, U.S

☆ A high school band director was tased by cops at a football game after he refused orders to stop his musicians from playing
▼ + stars: | 2023-09-16 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +2 min

A band director ignored police requests to stop performing at the end of a football game. After he told his band to keep playing, police attempted to arrest him, the New York Post reported. The New York Post reported that Johnny Mims, the director of the Minor High School band, told musicians to keep playing after police instructed him to stop the music. The band was accompanying a high school football game between Minor High School and Jackson-Olin High School at the PD Jackson-Olin High School stadium in Alabama on September 14. AdvertisementAdvertisementHe refused police orders to stop, instead instructing his band to keep playing, the police department said in a statement issued on September 15.

Persons: Johnny Mims, Mims, Walter Gonsoulin Jr Organizations: New York Post, Service, The New York Post, Minor High, Minor High School, Jackson, Olin High School, Birmingham City, Institute of Electrical, Electronics Engineers Locations: Wall, Silicon, Alabama, Birmingham

☆ Last month was the hottest August ever recorded, as year of climate extremes continues
▼ + stars: | 2023-09-14 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +1 min

Palestinian Mustafa Abdo, 75-years old, repairs a fan at his shop amid a heat wave at Shati refugee camp. Multiple heat records have been shattered this summer. Last month was the hottest August ever recorded, according to National Oceanic and Atmospheric Administration records stretching back 174 years. Global sea surface temperatures were the highest for any August on record, and it was the fifth month in a row where global ocean sea surface temperatures set new highs for each respective month. The sea surface temperature anomaly, or measurement of the departure from a long-term average, for August 2023 was also the largest anomaly on record.

Persons: Mustafa Abdo, Abdo Organizations: National Oceanic, Atmospheric Administration, NOAA, Southern Hemisphere

☆ Artificial Intelligence Can Make Companies Greener, but It Also Guzzles Energy
▼ + stars: | 2023-09-11 | by ( Nuha Dolby | ) www.wsj.com time to read: +9 min

Artificial intelligence can help tackle climate change, but to fulfill that promise companies need to find a way to limit AI’s own climate impact. Alphabet’s Google and American Airlines used AI to help planes create fewer vapor trails, which contribute to global warming. For many companies using AI there are both positive and negative effects on their carbon emissions and water use. In the U.S., where there is no central electric grid, training models in one state versus another can have a significant impact on carbon emissions. A Google data center in Oregon.

Persons: Omar Marques, Sasha Luccioni, Bloom, “, Luccioni, Andrew Selsky, Shaolei Ren, Ren, There’s, ” Ren, Amalia Kontesi, Equinix, ”, Christopher Wellise, Jacob Reynolds Equinix, Face’s, ” Luccioni Organizations: Sustainable Business, Google, American Airlines, Zuma, Bloom, Energy, Stanford, Associated Press, University of California Riverside, Research, Microsoft, Workers Locations: San Francisco, Bloom, U.S, California, Virginia, New York, Oregon, San Francisco and New York, Americas, Asia, Spain

Public schools with no air conditioning or whose cooling systems are inoperable due to power outages blamed on a hurricane-battered electric grid are seeking relief, but it’s unlikely they’ll find it soon. Pedro Pierluisi quietly vetoed a bill that called for air conditioning systems for public schools. But air conditioning remains rare at public schools, which depend on fans and trade winds that blow through windows with metal shutters. It's unknown how many public schools lack air conditioning or have air conditioners that don't work because of electrical problems. More than 50% of public schools also have reported a heat-related emergency.

Persons: Ángel Muñiz, ”, Puerto Rico, Odalys Martínez, Pedro Pierluisi, “, Yasim Sarkis, “ There’s, ” Sarkis, Hurricane Maria, Sheila Angleró, Edwin Morales, it's, Raúl González, they've, Ángel Matos García, Sarkis ’, Sarkis, you’ll Organizations: JUAN, —, National Weather Service, Puerto Rico, “, Gov, Hurricane, Associated Press, Department of Education, island’s Federation of Teachers, Puerto Rico’s Association of Teachers, Puerto Rico’s, Representatives Locations: Puerto Rico, U.S, Caribbean, Puerto, San Juan, saunas, Bermuda

☆ Images from the Solar Orbiter spacecraft reveal tiny flares shooting from a 'hole' in the sun. They could explain how the sun blasts Earth with charged particles.
▼ + stars: | 2023-08-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementPicoflares could be the source of the solar wind that's blasting EarthAn animation of the solar wind shows particles streaming from the sun towards Earth. That stream, called the "solar wind," gets supercharged when coronal holes or big solar flares are pointed at our planet. Seeing the sun up close, at smaller scales, could reveal its secretsImages from the Solar Orbiter are the closest ever taken of the sun. "Jets, in general, have previously been observed in the solar corona," Chitta, who led the Solar Orbiter study and a team at Max Planck Institute for Solar System Research, told Space.com. NASA/SDONASA and the ESA launched Solar Orbiter in 2020, with a goal of studying these winds at their source.

Persons: Lakshmi Pradeep Chitta, NASA's Parker, Chitta, Space.com, it's, Andrei Zhukov Organizations: Service, Orbiter, Solar Orbiter, NASA Solar Dynamics, NASA, Lights, EUI Team, ESA, CSL, MPS, UCL, Probe, Jets, Solar, Max Planck Institute, Solar System Research, European Space Agency, Royal Observatory of Locations: Wall, Silicon, Royal Observatory of Belgium, Brussels

☆ France issues 'red alert' over heatwave in south
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Electricite de France (EDF) is seen in front of electrical pylons at the Tricastin nuclear power plant site in Saint-Paul-Trois-Chateaux, France, November 21, 2022. The departments targeted by the alert, which allows local authorities to call off events and close public facilities if needed, are the Rhone, Drome, Ardeche and Haute-Loire, Meteo France said. Earlier on Monday, Meteo France had issued an orange alert for half of the country's territory, saying temperatures will reach between 35 and 38 C (95 to 100 F) in most of the affected departments. Temperatures are expected to rise to between 40 and 42 Celsius (104 and 108 F) on Tuesday afternoon in the southern departments of Ardeche, Drome, Vaucluse and Gard, Meteo France said. Some technical issues at the reactor also played a role in delaying the restart to Aug. 25, an EDF spokesperson told Reuters.

Persons: Eric Gaillard, Meteo, Forrest Crellin, Dominique Vidalon, Tassilo Hummel, Sudip Kar, Emelia, Jonathan Oatis Organizations: REUTERS, Rights, EDF, Reuters, Thomson Locations: France, Saint, Rhone, Drome, Ardeche, Haute, Loire, Meteo France, Vaucluse, Gard

[1/2] Idled blast furnaces at U.S. Steel Corp's Granite City Works in Granite City, Illinois, U.S. on on July 5, 2017. Two other U.S. rivals, Nucor Corp (NUE.N) and Steel Dynamics Inc (STLD.O), trade at 6.9 times and 5.8 times, respectively, according to Refinitiv data. These two companies' offers both value U.S. steel at 6.2 times its 2024 EBITDA, according to RBC Capital Markets analysts. Unlike blast furnaces, EAFs do not have to be operated at constant rates, allowing them to adjust to fluctuations in steel demand. EAFs also release much less carbon dioxide than blast furnaces, reducing climate-warming emissions.

Persons: David Lawder, EAFs, Joe Biden, Jefferies, David Burritt, Donald Trump, Anirban Sen, David Carnevali, Greg Roumeliotis, Sonali Paul Organizations: . Steel, REUTERS, US Steel, . Steel Corp, Cliffs Inc, Esmark Inc, Reuters, ArcelorMittal SA, Cleveland Cliffs, Nucor Corp, Steel Dynamics Inc, Steel, RBC Capital Markets, U.S, ., Steel's, U.S . Steel, Donald Trump . Supply, Thomson Locations: Granite City, Granite City , Illinois, U.S, Pittsburgh, Cleveland, New York

☆ Fact Check-Louisiana video of electrical explosions not ‘direct energy attack’
▼ + stars: | 2023-08-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video from 2018 of electrical explosions in Louisiana is being shared online as footage showing a “direct energy attack”. Direct energy weapons (DEW) are an emerging technology that uses concentrated electromagnetic energy to combat enemy forces and assets. People have claimed online that June 2023 wildfires in Canada, and August fires in Hawaii were caused by direct energy weapons. In another instance, social media users claimed a 2018 video of electrical explosions in Louisiana was evidence of DEWs in use in Hawaii (see Facebook users here), (here) and users on X, formerly known as Twitter, (here) (here). The video shows electrical explosions, not a “direct energy attack”, in Louisiana in 2018.

Persons: Kenner, Read Organizations: U.S . Department of Defense, Reuters, Twitter, Facebook Locations: Louisiana, Canada, Hawaii, Kenner , Louisiana, Local, West, Big

☆ Yellen's Las Vegas stop shows Bidenomics can be a tough sell
▼ + stars: | 2023-08-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

REUTERS/Leah Millis/File Photo Acquire Licensing RightsLAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an apprenticeship program in Las Vegas that he says has given him higher pay, good medical benefits and a pension. But he's also shouldering gas costs of $500 a month as he commutes to a massive solar site 45 minutes outside of Las Vegas. Treasury Secretary Janet Yellen's visit Monday to the Las Vegas training center where Hargrove and nearly 700 other apprentices are being paid to work and learn new skills raises some questions about Biden's approach. Yellen's trip to Las Vegas won praise from union leaders, but drew scant public or local media attention. Casey Harrison, a political reporter at the Las Vegas Sun, said the coverage reflected a lack of demand but also inadequate preparation by the administration.

Persons: Janet Yellen, Leah Millis, Daemein Hargrove, Joe Biden's, Hargrove, They're, he's, He's, Biden, Republican Donald Trump, Janet Yellen's, Casey Harrison, Harrison, it's, we've, Gina Raimondo, Deb Haaland, Yellen, what's, Barack Obama's, Rachelle Warren, Warren, It's, Andrea Shalal, Heather Timmons, Alistair Bell Organizations: Treasury, Development Finance, Strategic, International Studies, REUTERS, LAS VEGAS, U.S, International Brotherhood of Electrical Workers, Republican, Democrats, Las Vegas, NBC, Las, Sun, U.S . Treasury, Reuters, Biden, Thomson Locations: Washington , U.S, Las Vegas, United States, Vegas, Nevada

☆ Yellen upbeat on US economy, says Bidenomics is driving investment, job growth
▼ + stars: | 2023-08-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

U.S. Treasury Secretary Janet Yellen speaks during a press conference at the U.S. embassy in Beijing, China, July 9, 2023. Yellen said China's slowing growth, Russia's war in Ukraine and climate change could still pose risks to the U.S. economy and did not rule out a recession, but she felt upbeat. "I feel very good about U.S. prospects overall," Yellen told reporters, noting that inflation and the unemployment rate had both dropped below 4%, and that the U.S. economy was continuing to expand. "These are real Americans back at work – able to put food on the table, support their families, and save for retirement." Reporting by Andrea Shalal in Las Vegas; Editing by Diane Craft, Matthew Lewis and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Thomas Peter, Joe Biden's, Yellen, Biden, Andrea Shalal, Diane Craft, Matthew Lewis, Sonali Paul Organizations: Treasury, U.S, REUTERS, Thomas, Thomas Peter Companies Ipsos, LAS, International Brotherhood of Electrical Workers, National Conference of State Legislators, Workers, International Energy Agency, Thomson Locations: Beijing, China, Nevada, Vegas, United States, Ukraine, U.S, Las Vegas

☆ Yellen warns of risks of over-concentration of clean energy supply chains
▼ + stars: | 2023-08-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

"As we move away from fossil fuels, we remain concerned about the risks of over-concentration in clean energy supply chains," she said in excerpts of the speech obtained by Reuters. "Today, the production of critical clean energy inputs – from batteries to solar panels to critical minerals – is concentrated in a handful of countries." "The IRA is helping re-shore some of the production that is critical to our clean energy economy," she said. "Accelerating these transitions can mean greater demand for U.S. clean energy technologies produced by American workers. It can also bolster global clean energy supply chains.”Yellen will speak at a training center operated by the International Brotherhood of Electrical Workers (IBEW) union.

Persons: Janet Yellen, Thomas Peter, laud, Yellen, Joe Biden, Biden, Andrea Shalal, Diane Craft Organizations: Treasury, U.S, REUTERS, Thomas, Thomas Peter Companies Ipsos, LAS, Reuters, International Energy Agency, Democratic, International Brotherhood of Electrical Workers, Thomson Locations: Beijing, China, United States, U.S, Las Vegas, Democratic Republic of Congo, Indonesia, Australia, Chile, Nevada

☆ Yellen says the U.S. economy is on track for stable growth thanks to Inflation Reduction Act boost
▼ + stars: | 2023-08-14 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

US Treasury Secretary Janet Yellen attends an event on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023. WASHINGTON — Treasury Secretary Janet Yellen on Monday said the Inflation Reduction Act, the 2022 law that spurred major investments in infrastructure, manufacturing and climate goals, has propelled the U.S. economic recovery. "Over the past year, our task has been to transition the economy from rapid recovery to stable growth," Yellen said. "Our path so far shows that we are on the right track, even as we remain vigilant about potential challenges and uncertainties." The term emerged on the political landscape in the past year, first used by Republicans to describe high inflation and the interest rate hikes that were meant to cure it.

Persons: Janet Yellen, Yellen, Joe Biden, Joe, Barack Obama Organizations: WASHINGTON —, Treasury, Brotherhood of Electrical Workers, Training, Infrastructure Law, IRA, GOP Locations: McLean , Virginia, Las Vegas

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