U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling. The National Highway Traffic Safety Administration says the probe covers more than 138,000 vehicles …
https://finance.yahoo.com/news/lme-suspends-nickel-trading-unprecedented-082125655.html (Bloomberg) — The London Metal Exchange suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer …
https://twitter.com/WallStreetSilv/status/1494144530022547456
by confoundedinterest17 Here is a lesson in Bidenomics. “Going Green” sounds great to some (like Al Gore, Leonardo DiCaprio and Greta Thunberg), but there are costs to not growing America’s energy supply. Rising energy costs have helped create the rise …
Tesla Owner Blows Up Car After Discovering Cost To Fix Battery In Finland, an unhappy Tesla owner decided to blow up his Model S after learning it would need a new expensive battery pack. In the video on YouTube with …
‘A Mad Scramble’: One Rare Mineral May Spell Doom For Electric Vehicle Market https://t.co/Xis47QBDe7 — MSN (@MSN) December 21, 2021 Lithium — a mineral that is key for electric car batteries — continues to rise in price, jeopardizing the ongoing …
Lansing — The Michigan Catastrophic Claims Association plans to refund state drivers $400 per vehicle with checks coming in the second quarter of 2022, Gov. Gretchen Whitmer’s administration announced Tuesday. The Democratic governor called on the MCCA to issue refund …
by Michael Snyder It turns out that all of the “doom and gloomers” that were warning that we would eventually experience nightmarish inflation were right after all. In particular, vehicle prices have become exceedingly painful in recent months. Due to …
House Speaker Nancy Pelosi’s (D., Calif.) husband hit pay dirt on Monday as Tesla’s valuation rose to $1 trillion. The news comes as Pelosi spearheads legislation that doles out tens of billions of dollars in subsidies to the electric vehicle …
Risking My Life To Settle A Physics Debate A Physics Prof Bet Me $10,000 I’m Wrong h/t dr0id
https://www.youtube.com/watch?v=yiGbBAwgNEA Leah Barkoukis from Townhall reports, GM announced that it has issued a recall on every single Chevy Bolt made to date due to the battery fire risk. The move comes after two previous recalls, which were aimed at specific …
by Frank Holmes, CEO, U.S. Global Investors In 1905, the first gas pump appeared in St. Louis, Missouri, to meet the fueling demands of a rapidly growing number of motorists. Before this innovation, which resembled a handheld water pump, people …
Colorado Democratic Sen. Michael Bennet applauded President Joe Biden’s proposal to spend nearly $200 billion to prop up the electric vehicle market as part of his $2.25 trillion American Jobs Plan. “I view this as our best opportunity in decades …
https://www.thegatewaypundit.com/2021/05/wow-biden-caught-fake-driving-someone-else-steering-vehicle-stunt-video-pics/
Quick….Look Surprised!!! One in five electric vehicle owners in California switched back to gas-powered because of the inconvenience of charging. It only takes a few minutes to fill up a gas tank, yet some electric vehicles need several hours of …
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place if Congress does not agree to his spending plan, White …
PALO ALTO, Calif., April 03, 2019 (GLOBE NEWSWIRE) — In the first quarter, we produced approximately 77,100 total vehicles, consisting of 62,950 Model 3 and 14,150 Model S and X. Deliveries were approximately 63,000 vehicles, which was 110% more than the same …
by WARREN MOSLER The ‘labor market’ is not a ‘fair game’ as people need to work to eat, and business only needs to hire if it likes the return prospects, so real wages should be expected to remain depressed without …
by WARREN MOSLER Deficit growing despite tariffs. Could be J curve effect: Highlights A slight 0.1 percent decline in exports and a slight 0.2 percent gain in imports made for a sizable 1.7 percent deepening in the nation’s trade deficit …
by WARREN MOSLER Note the deceleration began with the collapse in oil capex in 2015: The year end tax cut caused a onetime increase in earnings that subsequently flattened out and may now be declining: Seems Saudis are raising prices: …
via visualcapitalist: Copper’s special relationship with electricity has been apparent since ship designers first regularly began installing copper to protect the masts of wooden ships from lightning in the early 19th century. Today, of course, you might be more used to …
IMAGES: View post on imgur.com VIDEO: https://twitter.com/Breaking911/status/1055845732870225925 Possible Mug Shot of Suspect https://mugshots.com/US-Counties/Florida/Broward-County-FL/Cesar-Altieri-Sayoc.88783720.html https://www.mugshotsonline.com/minnesota/plymouth/cesar-altieri-sayoc/106749431 Suspected Twitter accounts: https://twitter.com/hardrock2016/with_replies https://twitter.com/hardrockintlent/with_replies h/t KOS
https://twitter.com/OccupyWisdom/status/1045771625709350912 Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many …
by Michael Snyder In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling us that enormous problems are right around the corner. Of …
by GoldCore via CNBC Europe, Russia and China join forces with a new mechanism to dodge Iran sanctions European Union’s foreign policy chief announced Monday that the bloc was creating a new payment mechanism to allow countries to transact with …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A deep dive based on the report by the Federal Highway Administration for 2017 compared to 2009. When I entered the auto industry in 1985, there was a lot of hand-wringing about the average age of …
by WARREN MOSLER Highlights Unit vehicle sales proved surprisingly weak in July, at a 16.8 million annualized rate vs 17.2 million in June. This is the lowest rate since August last year but it will be the comparison with June …
