Saturday, June 3
Biggest Hurdle for Electric Vehicles
The Biden administration just unveiled a proposal for some of the most aggressive auto climate rules in the world — the latest step for a White House that has gone all-in on electric vehicles. But America’s EV transition faces a threat few are talking about — not because of high car costs or a lack of automaker support, but the country’s broken and dysfunctional public charging system.
Most EV drivers charge their vehicles at home. But as Americans buy EVs — to the tune of 7 percent of all new vehicle registrations in January — more and more people are finding that the public charging system is unreliable, inconvenient and simply confusing.
“I’ve seen people wait because there are only four chargers and two of them are out of service,” said Bill Ferro, the founder of EVSession, a software firm that tracks charger reliability. “Everything that I’ve seen shows that it’s driving away current and potential EV owners.”
Drivers might show up at a DC-fast charging station — which can fill a vehicle’s battery by 80 percent in about 20 minutes — to find that most of the chargers are broken. Or one might work, but only if the driver installs a particular app on their phone, creates an account and loads money onto it.
Last year, in a study conducted by researchers at the University of California at Berkeley and the climate advocacy group Cool the Earth, researchers tested every single fast charging station in the San Francisco Bay Area.
They found that more than a quarter of the 657 charging points didn’t function during a two-minute charging test. Sometimes the charging cable couldn’t reach the vehicle’s charging port; other times the payment system wouldn’t work; sometimes the charger’s screen was broken or the network was down. READ MORE...
Friday, April 14
Gas or Electric?
FILE - A Tesla electric vehicle, left, sits in a charging station at a dealership, Thursday, Feb. 18, 2021, in Dedham, Mass. Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. (AP Photo/Steven Senne, File)
Hooray for electric vehicles. Someday, they’re going to help slash carbon emissions and get global warming under control.
The Biden administration plans to tighten car-pollution standards in a way that's meant to dramatically speed the adoption of electric vehicles, or EVs. On April 12, the Environmental Protection Agency proposed new rules that would cut the allowable pollution from cars by more than half by 2032.
The goal is laudable. The implementation, however, could be a multi-car pileup. The Biden administration is basically proposing the forced adoption of new technology on a scale unprecedented in the auto industry. The government has been tightening fuel-economy standards since the 1970s, but that has largely been a gradual process. Even then, unintended consequences have caused unforeseen problems. READ MORE...
Friday, October 21
Biden's Student Loan Forgiveness Program
A group of Wisconsin taxpayers on Wednesday asked the Supreme Court to block the Biden administration’s student loan forgiveness program while an appeal plays out in a lower court.
The emergency request, filed to Justice Amy Coney Barrett, who handles emergency matters arising from Wisconsin, comes shortly after the administration began accepting applications for the program.
The challengers, the Brown County Taxpayers Association, urged the court to rule that the president’s nationwide debt cancellation plan illegally encroaches on Congress’ exclusive spending power.
“The assault on our separation of powers — and upon the principle that the spending power is vested solely in Congress — is extraordinary, and perhaps unprecedented,” they wrote in court papers. “We are witnessing a gargantuan increase in the national debt accomplished by a complete disregard for limitations on the constitutional spending authority.”
President Biden announced in August that his administration planned to forgive $10,000 in student loan debt for those making under $125,000 annually and $20,000 for recipients of Pell grants, which assists students from lower-income families. READ MORE...
Thursday, October 20
Wind Turbines A Reality Soon
CNN — The Department of Interior on Tuesday announced it will hold a lease sale for wind energy off the coast of Central and Northern California, bringing the Biden administration’s dream of a massive West Coast wind farm one step closer to reality.
The Pacific has enormous potential to generate wind energy, Biden administration officials told reporters in a call last month, and this yet-untapped potential is a major part of President Joe Biden’s clean energy goals.
The department will open five lease areas for companies to bid on near Morro Bay and Humboldt County on December 6. The space that will be offered is more than 373,000 acres, which Interior said could produce over 4.5 gigawatts of energy when fully developed – enough to power more than 1.5 million homes. READ MORE...
Friday, October 14
OPEC+ Turned Down Biden's Request
WASHINGTON – The Biden administration admitted Thursday it had asked Saudi Arabia to delay the OPEC+ vote to cut oil production until the cartel’s next meeting – after the midterm elections.
“We presented Saudi Arabia with analysis to show that there was no market basis to cut production targets, and that they could easily wait for the next OPEC meeting to see how things developed,” National Security Council spokesman John Kirby said in a statement.
The Riyadh-led group of oil producers’ next meeting is scheduled for Dec. 4, according to the OPEC website.
Kirby also alleged that other OPEC member nations “communicated to us privately that they also disagreed with the Saudi decision, but felt coerced to support Saudi’s direction.”
The White House was responding to a Wednesday night statement from the Saudi foreign ministry hitting back at Washington’s accusation that it had taken sides with Russia in Moscow’s war against Ukraine. READ MORE...
Saturday, February 12
Biden's Burden(s)
COVID - 19 Confusion
Increasing Inflation
Supply Chain SNAFU
Illegal Immigration Invasion
Sporatic Lockdowns
Sporatic Facemask Mandate
Democrats retiring from Congress
Patronizing Mainstream Media
Not Willing to Answer Questions
Russian Invasion of Ukraine Potential
China Invasion of Taiwan Potential
North Korea Testing Long Range Missiles
Iran Nuclear Program Escalating
Terrorist VOW Destruction of America
After being our President for a year now, the above are the indisputable accomplishments of the Biden Administration...
I remember when Biden won the election, I received an email that read: OUR NATIONAL NIGHTMARE IS FINALLY OVER... If I were to send that person an email now, it would read: OUR NATIONAL NIGHTMARE HAS JUST BEGUN...
Sad to say, but I believe that the Republicans will win control of the House and Senate after the 2022 midterms and the balance of power will shift back to the conservatives...
It could also mean that in 2024, the Republicans could acquire the Presidency and REVERSE all the orders that Biden put into place just like he REVERSED all the orders that Trump had put into place...
Who wins with this type of seesaw government?
Wednesday, January 5
DEMS Dont DELIVER
Biden Administration
Nancy Pelosi - House
Chuck Schumer - Senate
Are responsible for the following:
- Inflation - increase in prices
- No longer energy independent
- Afghanistan Withdrawal Debacle
- Increase in Illegal Immigration
- Increase in Illegal Drugs
- Supply Chain Delays
- COVID-19 not controlled
- Increase in Crime & Violence
- Defund the police movement
- Lockdowns and face masks
- Critical Race Theory pushed in public schools
- WOKE and the Cancel Culture
- Censorship of Conservative Voice
- Loss of Global Allies Support
- Cannot Standup to Russia
- Cannot Standup to China
- Government Spending - Increasing National Debt
- Blaming problems on Trump and others
- Mainstream Media not covering all the news
- No COVID mandates for illegal immigrants
Saturday, September 18
Our National Debt
In a Wednesday letter, Yellen said that the Treasury Department would likely run out of cash and exhaust “extraordinary” measures to keep the federal government within its legal borrowing limit at some point next month.
"Once all available measures and cash on hand are fully exhausted, the United States of America would be unable to meet its obligations for the first time in our history," Yellen said.
“Given this uncertainty, the Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last. However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October,” she continued.
Yellen wrote the letter to Speaker Nancy Pelosi (D-Calif.), House Minority Leader Kevin McCarthy (R-Calif.), Senate Majority Leader Charles Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.).
The Treasury Department has taken so-called extraordinary measures to prevent the U.S. from defaulting on the national debt since the federal debt limit was reimposed on Aug. 1. If the Treasury Department runs out of ways to stave off a default without borrowing more money, the inability of the U.S. to pay its debts could send debilitating shockwaves through the financial system. READ MORE
Thursday, May 6
Capital Gains Tax Increase
Avid readers of this column may have had a sense of déjà vu on Thursday. Last month, a Need to Know column explored what would pay for President Joe Biden’s infrastructure spending — and quoted a former Biden aide, Evercore ISI analyst Sarah Bianchi, who said it would “probably include nearly doubling capital-gains taxes on those with income over $1 million.” Not that it was any state secret — the Biden campaign’s website suggested such a move too.
In any case, the stock market reacted negatively to the Bloomberg News report that the White House was considering doubling capital-gains taxes on the wealthy to help pay for social spending, as the S&P 500 SPX, +1.09% dropped by the most in a month. The news was particularly jarring to the highflying cryptocurrency space, with bitcoin BTCUSD, -3.39% and ethereum ETHUSD, +2.59% slumping.
One question now is whether the closely divided Senate will go for it. “Frankly, I suspect that these proposed tax increases will be knocked down at the hands of Senator [Joe] Manchin who remains the ‘swing’ vote in the Senate,” said Louis Navellier, the chairman of Navellier & Associates. An alternative is that the Senate could increase the capital-gains tax, but by a smaller amount — analysts at Goldman Sachs suggest they’ll settle at 28%, up from 20% currently. Another question is whether the tax will be applied retroactively or not.
Analysts at Goldman Sachs — in October — ran the numbers on the stock market impact of previous capital-gains tax hikes. While there is only a modest impact on the stock market as a whole, momentum stocks usually get socked before they are levied, they found. That makes sense — investors logically are more motivated to sell the stocks where they would save the most by avoiding higher capital-gains taxes. TO READ ENTIRE ARTICLE, CLICK HERE...