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This week, three top companies with stocks rated Buy across Wall Street are expected to lift the dividends they pay to shareholders, showing that they are doing well and have the earnings and cash flow strength to increase their payouts. After years of a low interest rate environment, which has been trending higher over the past 12 months, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide a passive income stream. What this equates to is total return, which is one of the most powerful investment strategies going. While interest rates have risen, these companies still make sense for investors looking for solid growth and income potential. We like to remind readers about the impact total return has on portfolios because it is one of the best ways to help improve the chances for overall investing success. Again, total return is the combined increase in a stock’s value plus dividends. For instance, if you buy a stock at $20 that pays a 3% dividend, and it goes up to $22 in a year, your total return is 13%: 10% for the increase in stock price and 3% for the dividends paid. Three top companies that are Wall Street favorites are expected to raise their dividends this week. So we screened our 24/7 Wall St. research universe and found that all are rated Buy at some of the top firms on Wall Street. While it is always possible that not all of them do raise their dividends, top analysts expect them to, given past increases in each firm’s dividend payouts. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision. Alexandria Real Estate Equities This top stock has backed up nicely over the past few months and is offering a nice entry point. Alexandria Real Estate Equities Inc. (NYSE: ARE) is the longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations. The trusted partner to approximately 1,000 tenants, Alexandria has a total market capitalization of $35 billion and an asset base in North America of 74.6 million square feet (SF) as of December 31, 2022, which includes 41.8 million RSF of operating properties and 5.6 million RSF of Class A properties undergoing construction, 9.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 17.3 million SF of future development projects. Alexandria has a longstanding and proven track record of developing Class A properties that provide innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. 24/7 Wall St. 5 Very Well Known Buy-Rated Stocks Under $10 Could Explode Higher This Summer wallst_recirc_link_tracking_init( "856149022647603201db1b", "graphic" ); Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and the Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban science and technology campuses that provide innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»

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247wallstCategory: blog~10 min. ago Related News

Tuesday Premarket Newsmakers: Nvidia Eyes $1T Market Cap, and Tesla’s Place in the AI Sweepstakes

Nvidia CEO unveils new supercomputer and files a shelf registration to raise $10 billion. Premarket action on Tuesday had the three major U.S. indexes trading higher. The Dow Jones industrials were up 0.12%, the S&P 500 up 0.55% and the Nasdaq 1.14% higher. The Biden administration and House Republicans reached a deal Friday night that will avoid a default on U.S. federal debt at least through the 2024 election. U.S. equity markets traded higher Tuesday morning, but the oil market was down nearly 2% because oil traders are wary, of both the deal and of how the global economy will react. West Texas Intermediate crude traded at around $71 a barrel Tuesday morning. Shares of Nvidia Corp. (NASDAQ: NVDA) traded up by about 3.52% in Tuesday’s premarket session. If that price holds until markets close, Nvidia’s market cap will reach $998 billion. During a visit to Taiwan to deliver the commencement speech at the country’s national university, CEO Jensen Huang told a roundtable at the Computex trade show, “I have just turned everyone into a programmer.” Huang also announced the company’s AI supercomputing platform, the DGX GH200, which connects 256 of the company’s Hopper superchip into a single graphics processing unit (GPU) with more than 18,000 Arm cores using 144 terabytes of memory. The new platform represents a full hardware and software stack for supercomputing and AI applications. While it is hard to make predictions about the future (h/t Yogi Berra), Nvidia’s head start in GPU computing is likely to last for at least a couple of years. Huang has also turned on Nvidia’s money-printing machine. On Friday, Nvidia filed a shelf registration with the U.S. Securities and Exchange Commission to sell another $10 billion in equity and debt. Between February 2022 and January 2023, Nvidia repurchased some 63 million shares of its own stock at an average price of nearly $160 per share. Issuing $10 billion in new equity and debt at a price of around $400 per share is a coup, and the company would have been negligent to pass it up. The only question remaining is not if but when Nvidia will become the first chip company to reach a $1 trillion market cap. Ahead of its fourth-quarter earnings report due after markets close Wednesday, C3.ai Inc. (NYSE: AI) added nearly 6% to its share price in Tuesday’s premarket session. The stock closed up nearly 16% on Friday and was up about 200% so far in 2023, even more than Nvidia’s year-to-date gain of around 170%. A third big winner in the AI sweepstakes, according to Cathie Wood, founder of ARK Investment, is Tesla Inc. (NASDAQ: TSLA). Tesla’s full self-driving (FSD) software is an AI application that depends on fast image processing from the company’s camera-based autonomous driving software. CEO Elon Musk has consistently maintained that cameras are both better and cheaper than a lidar-based autonomous driving system. Still, Wood’s forecast that Tesla could be valued at more than double Apple’s current $2.75 trillion market cap by 2027 seems something of a stretch. Here is a look at how the markets fared on Friday, before the three-day weekend and the debt ceiling deal. 24/7 Wall St. Investors Grab 3 ‘Strong Buy’ Blue Chips That May Raise Their Dividends This Week wallst_recirc_link_tracking_init( "272876042647603201ca98", "graphic" ); Eight of 11 market sectors closed higher on Friday. Technology (2.68%) and consumer discretionary (2.38%) had the day’s biggest gains. Energy (0.37%) and health care (−0.17%) lagged. The Dow closed up 1.00%, the S&P 500 up 1.30% and the Nasdaq up 2.19% on Friday. Two-year Treasuries added four basis points to end Friday at 4.54%, and 10-year notes dipped by three basis points to close at 3.80%. In Tuesday’s premarket, two-year notes were trading at around 4.52% and 10-year notes at about 3.73%. Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»

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247wallstCategory: blog~10 min. ago Related News

22 Famous Unsolved Crimes in America

Violent crime spiked in the United States after the emergence of the Covid-19 pandemic. In 2020, the nationwide homicide rate jumped by 30%, to the highest level since 1995, according to the Centers for Disease Control and Prevention – led by an all-time high for gun murders. More disturbing than the increase is the fact […] Violent crime spiked in the United States after the emergence of the Covid-19 pandemic. In 2020, the nationwide homicide rate jumped by 30%, to the highest level since 1995, according to the Centers for Disease Control and Prevention – led by an all-time high for gun murders. More disturbing than the increase is the fact that fewer murders are being solved overall. According to FBI statistics, the murder clearance rate — the proportion of homicides for which police report an arrest — has been on the decline for decades. About half of all murders in the country remain unsolved, compared to about 30-40% of them in the 1960s. In some states, like New Mexico, Ohio, and Michigan, the unsolved rate is as low as 60%. (See the states where the murder rate is rising.) The explanation for this increase in unsolved murders since the 1960s is in part because older clearance rate statistics are less reliable. But over the past 40 years, guns have increasingly been used to commit these killings, and as crime analyst Jeff Asher pointed out in an interview in The Atlantic last year. “Firearm murders are much harder to solve. They take place from farther away. You often have fewer witnesses. There’s less physical evidence.” (These are the states where people are buying the most guns.) Whatever the cause for this increase in unsolved homicides, most are forgotten by all but the surviving family and friends. Some, however, remain in public memory for decades. 24/7 Tempo has compiled a list of some of the most famous unsolved crimes – homicides and otherwise – in America. We drew information from the FBI, various media reports, and other sources, including regional publications. We focused on crimes that have gone unsolved for at least 15 years based on the most current information available. The list is by no means comprehensive and we used editorial discretion to determine which unsolved crimes most captivated the public’s interest and generated significant media coverage. Click here to read more about 22 famous unsolved crimes in America A vast majority of the most famous unsolved crimes in American history involve murder, from the killings of Andrew and Abby Borden in 1892, which was the subject of a Hollywood film as recently as 2018, to the as-of-yet unsolved assassinations of New York rappers Tupac Shakur and Notorious B.I.G. in 1996 and 1997. Unsolved crimes other than murder include a brazen art heist worthy of a crime thriller, an infamous hijacking, and an intricate jail break at the former Alcatraz Federal Penitentiary that may or may not have been successful. Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now......»»

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247wallstCategory: blog~10 min. ago Related News

Companies Making Americans Favorite 9mm Pistols

Handguns – particularly semi-automatic pistols – are far and away the most popular type of firearm in the United States. In a reversal of a long-term trend, American firearm manufacturers produced more pistols than rifles in 2010, and have continued to do so nearly every year since, according to government data. In fact, pistol production […] Handguns – particularly semi-automatic pistols – are far and away the most popular type of firearm in the United States. In a reversal of a long-term trend, American firearm manufacturers produced more pistols than rifles in 2010, and have continued to do so nearly every year since, according to government data. In fact, pistol production topped 6.7 million in 2021 alone, accounting for nearly half of all domestically produced firearms, including rifles, shotguns, and revolvers. And among the variety of pistol calibers available on the U.S. market, 9mm has emerged as the clear favorite. A 9mm round is physically smaller than most other handgun ammunition, including .40 and .45 caliber. As a result, 9mm handguns generally benefit from reduced recoil and greater magazine capacity and concealability without sacrificing much in the way of performance, particularly as a self defense weapon. (Here is a look at the law for carrying firearms in public in every state.) A testament to their efficacy, 9mm pistols are the official sidearm for the U.S. military as well as many local, state, and federal law enforcement agencies. And of course, the market for 9mm pistols extends to the civilian population – particularly as concealed carry regulations have loosened in much of the country in recent years. Using data from the Bureau of Alcohol, Tobacco, Firearms, and Explosives, 24/7 Wall St. identified the companies behind the best-selling 9mm pistols. Companies are ranked on domestic production of 9mm handguns in 2021. Data on the location of each company’s production facilities and total firearm manufacturing output in 2021 are also from the ATF. Though each of the 23 companies on this list manufactured more than 11,000 9mm pistols in 2021, the market for 9mm handguns is largely controlled by only a handful of major gunmakers. The top three brands on this list – Sig Sauer, Smith & Wesson, and Ruger – account for over 60% of all domestic 9mm pistol manufacturing. For some of these top companies, 9mm pistols represent only a small share of their overall firearm production. While Sig Sauer focuses almost exclusively on pistol production, for brands like Ruger and Smith & Wesson, rifles and revolvers also account for a considerable share of total manufacturing output. Indeed, these gunmakers also rank among the most popular rifle companies in America. Click here to see companies making Americans favorite 9mm pistols. Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»

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247wallstCategory: blog~10 min. ago Related News

Tuesday’s Top Analyst Upgrades and Downgrades: Caterpillar, CVS Health, Marvell Technology, Paramount, RingCentral, SoFi, UnitedHealth, Workday and More

Tuesday's top analyst upgrades and downgrades included Broadcom, Caterpillar, CVS Health, Guardant Health, Marvell Technology, Nutrien, Paramount Global, RingCentral, SoFi Technologies, UnitedHealth Group and Workday. The futures were mixed as Wall Street returns from the three-day holiday weekend looking to end the month on a positive note with just two days left. All the major indexes closed Friday dramatically higher, with the Nasdaq once again leading the pack, up 2.27% at 12,986, for its fifth straight week of gains. Analysts noted that despite the big move higher in technology, the recent rally is the “narrowest” one since 1999, and a stunning 90% of the S&P 500 gains this year are from just 10 stocks. That is a data point many market technicians remain worried about. Treasury yields finished mixed on Friday after a lousy week that saw rates jump higher, especially on the short end. The one-month T-bill finally caught some love Friday, as the buyers stepped in and the yield dropped 10 basis points to close at 5.60%. The debt ceiling negotiations continued over the holiday weekend, and it was reported that the two sides reached a tentative agreement with neither getting everything they wanted. The two-year note closed at 4.57%, while the 10-year note finished at 3.81%. Brent and West Texas Intermediate crude bounced back Friday, as both finished the day up well over 1%. Top analysts cited the continued pullback in U.S. drilling, where the rig count has dropped by double digits recently and fell to 711 last week, as well as the potential for OPEC to cut production levels at its June meeting. Natural gas was down Friday to finish off a rough week, closing over 5% lower at $2.18. Gold finished the week modestly higher, as the bullion closed at $1,945 on Friday, after hitting a nine-week low earlier in the week. Expectations for a debt ceiling settlement were the main reason for the strength on Friday. Bitcoin closed Friday up 1% after a brutal week that saw the crypto giant hit hard. J.P. Morgan remains bullish and noted that a move to the $45,000 level would not be out of the question, especially if gold reverses and continues higher, as the two tend to move in tandem. 24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding fresh ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv. These are the top analyst upgrades, downgrades and initiations seen on Tuesday, May 30, 2023. Atlantica Sustainable Infrastructure PLC (NASDAQ: AY): National Bank Financial downgraded the company to Sector Perform from Outperform and has a $31 target price. The consensus target is $32.73. The shares closed on Friday at $24.61. Broadcom Inc. (NASDAQ: AVGO): Oppenheimer raised its $720 target price on the Outperform-rated shares to $800. The consensus target is just $698.30. The shares were last seen Friday above both levels at $812.73, up close to 12% after the big chip production deal and partnership with Apple. ALSO READ: Investors Grab 3 ‘Strong Buy’ Blue Chips That May Raise Their Dividends This Week wallst_recirc_link_tracking_init( "1598995376476032018fcd", "text" ); Caterpillar Inc. (NYSE: CAT): This is the Zacks Bull of the Day stock. The analyst points out that the iconic yellow machines are seen at nearly every construction site. Shares last closed at $211.80, and the $236.58 consensus price target signals almost 12% upside potential. Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now......»»

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247wallstCategory: blog~10 min. ago Related News

20 Jobs Vulnerable to Automation and AI Takeover

The rapid development of AI language models has already had a significant impact on various occupations and will likely have even more of an impact going forward. These models are designed to understand and respond to human language, enabling them to perform tasks traditionally handled by human workers and leading to their integration in a […] The rapid development of AI language models has already had a significant impact on various occupations and will likely have even more of an impact going forward. These models are designed to understand and respond to human language, enabling them to perform tasks traditionally handled by human workers and leading to their integration in a wide range of industries. Still, the influence of AI tools on different occupations varies greatly. To find the occupations most exposed to AI technology, 24/7 Wall St. reviewed the study “How will Language Modelers like ChatGPT Affect Occupations and Industries?” published in March in Arxiv.org. Many of the most exposed occupations are teachers at colleges and universities. To show a wider range of occupations, we bundled all the postsecondary teacher categories into one category. AI language models can assist postsecondary teachers in curriculum development, automating grading for assignments, and produce AI-powered virtual classrooms. The integration of AI technologies in the education sector would require educators to adapt their teaching methods and leverage AI tools. However, the role of postsecondary teachers remains vital in facilitating discussions, fostering critical thinking, and providing mentorship to students. (Find out if any of the deadliest jobs can be AI assisted – these are the 23 deadliest jobs in America.) The legal field is also represented on the list. AI language models have proven useful for tasks such as contract analysis, legal research, and document generation and review. These models can sift through vast amounts of data and identify relevant information more quickly than humans. However, lawyers and judges possess intricate legal knowledge, critical thinking abilities, and the capacity to interpret the law in complex cases. Many of the occupations on the list have relatively high pay and require advanced degrees, but not all. The projected occupation growth may not be taking AI technology fully into account and it would be interesting to compare it to next projections that fully consider AI. While AI language models have undoubtedly transformed and automated certain aspects of the occupations on the list, they have not rendered human workers obsolete as often just a part of the job can be performed by AI technology. By delegating repetitive and mundane tasks to AI, human workers can focus on higher-level decision-making, creativity, problem-solving, and providing personalized services that require emotional intelligence and human connection. (Will more occupations become extinct? Here are jobs that used to be common but no longer exist.) As AI language models continue to advance, it is crucial for workers in these occupations to adapt and acquire new skills that complement AI technologies and learn to work effectively alongside AI systems. Of course, AI language models have also impacted content creation and journalism, and this piece, in fact, was written with the assistance of ChatGPT. Click here to see 20 jobs vulnerable to automation and AI takeover. Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now......»»

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247wallstCategory: blog~10 min. ago Related News

American Cities With the Most Contaminated Water

Access to clean water is limited in many nations around the world, but even in the United States, water quality is an issue. Contamination from chemical toxins, heavy metals, and microbial pathogens has affected water supplies from coast to coast. (These are the companies polluting our water the most.) Most recently, Flint, Michigan, and Jackson, […] Access to clean water is limited in many nations around the world, but even in the United States, water quality is an issue. Contamination from chemical toxins, heavy metals, and microbial pathogens has affected water supplies from coast to coast. (These are the companies polluting our water the most.) Most recently, Flint, Michigan, and Jackson, Mississippi, have been in the news for this problem. From April 2014 to June 2016, Flint’s water was deemed extremely dangerous to drink. Last summer, flooding in Jackson triggered a warning that drinking water there was risky, and residents were told to boil water before they use it. In March 2022 when the EPA made an unprecedented move: It put forth a groundbreaking proposal for the establishment of the inaugural national drinking water standard. This standard aims to address the perilous presence of six synthetic chemicals that pose a significant threat to human health. To compile a list of the 30 American cities with the most contaminated water, 24/7 Tempo reviewed data collected by WaterFilterGuru, a site that tests and reports on water filtration products. Using data from the Environmental Working Group, an activist NGO, analyzing water quality in 70 cities across the U.S., the site created an index giving a weight of 20 to the number of contaminants that exceed EWG health guidelines, total contaminants, and violations issued in each quarter from April 2019 to March 2021. Other factors, such as the levels of specific contaminants in the water, drawn from the environmental testing and data site SimpleLab, were given a weight of 8. Click here to see the American cities with the most contaminated water The specific hazardous contaminants vary among cities. Among the notable chemicals found to be concerning are bromodichloromethane, total haloacetic acids, total THMs (trihalomethanes), and chloroform. These substances have been associated with an increased risk of developing cancer in various organs. (These are the most common cancers in America, and their survival rates.) Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»

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247wallstCategory: blog~10 min. ago Related News

Goldberg: Why "Bud Lighting" isn"t stopping anytime soon

The beer boycott tanked Bud Light's sales and stock price. But 'anti-woke' activists don't need that kind of payoff to keep stoking LGBTQ+ outrage.The beer boycott tanked Bud Light's sales and stock price. But 'anti-woke' activists don't need that kind of payoff to keep stoking LGBTQ+ outrage......»»

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latimesCategory: top~10 min. ago Related News

Biden"s Solar Push Is Destroying The Desert And Releasing Stored Carbon

Biden's Solar Push Is Destroying The Desert And Releasing Stored Carbon Authored by Mike Shedlock via MishTalk.com, When bureaucrats put their personal agenda ahead of what science can deliver, bad things happen... The desert isn't barren, 90% of the story is underground. A Costly Omission in Planning for Climate Change Please consider A Costly Omission in Planning for Climate Change by Robin Kobaly, a twenty-year career as a botanist with the BLM, with a Master’s Degree in biology. Most people are not aware of the vast amount of carbon that is captured and stored underground in desert soils. Desert plants store much of their captured carbon deep underground in a massive network of connected roots and fungal root-partners, unlike forests which store most of their carbon aboveground or near the soil surface. Historically, much of the desert’s “soil organic carbon” has been missed by soil scientists, because many soil studies conclude at “plow-line depth,” or between 6 and 12 inches. As with other desert plants, the long, water-seeking roots of the California Evening Primrose partner with miles of mycorrhizal filaments, and together they store large amounts of carbon underground. Because there can be so many miles of fungal hyphae (covered with glomalin) in each cubic foot of desert soil, glomalin is attributed with storing one-third of the world’s soil carbon. Much of the carbon these plants capture aboveground from the air and convert into sugar is eventually turned into inorganic carbon underground. When the long roots breathe out carbon dioxide deep into dark moist soil, this carbon dioxide combines with the abundant calcium in our arid soils to create mineralized deposits called caliche (calcium carbonate). These deposits start as tiny crystals but eventually grow to large crystals, then chunks, and into layers of caliche that can start at the surface or form at various depths underground. These caliche deposits can store captured carbon in this inorganic form for hundreds, to thousands, to even hundreds of thousands of years . . . if not disturbed. Dr. Michael Allen at the UCR Center for Conservation Biology commented on the desert’s capacity to store large amounts of carbon dioxide as caliche, noting that “The amount of carbon in caliche, when accounted globally, may be equal to the entire amount of carbon as carbon dioxide in the atmosphere.” Despite its long-term storage capacity, caliche releases its sequestered carbon when vegetation is removed and soils are disturbed and exposed to erosion. As caliche degrades in disturbed soils, its calcium and carbon molecules are uncoupled, releasing the carbon to again reenter the atmosphere. We might first look at Mojave yucca (Yucca schidigera), an ancient, extremely slow-growing plant that is very common across both the Mojave and Colorado Deserts, and that has been found to reach ages of 2000+ years. We could calculate how much carbon one plant captures each year, then extrapolate how much carbon an individual yucca plant would sequester in say, a 1000-year lifespan. Then figure how many Mojave yuccas are expected to be ripped from the ground in a typical industrial solar field such as the newly-approved 5,000-acre Yellow Pine Solar Project in the Mojave Desert (Pahrump, Nevada) – in this case, over 80,000 Mojave yuccas will meet their demise during the construction of an array expected to operate for perhaps twenty years before becoming obsolete. Will the reduction in carbon that would have been sequestered (and stored underground) by those 80,000 Mojave yuccas actually be offset by possibly twenty years of the solar project that replaced them? If we could do the same for the creosote bush that also can live for thousands of years, we might gain still more perspective on the critical question of net carbon gain or loss through various management practices in our ancient desert landscapes. If few people realize the intrinsic value of the desert’s carbon contributions, it becomes more difficult to protest when thousands and thousands of acres of desert habitat are scraped bare for solar fields. It appears that the California Deserts may be sacrificed to meet California’s climate goals without even considering the full consequences of doing so. Where will our carbon footprints lead us . . . down a path that leads to a slashed-apart, industrialized desert where throngs of people once flocked for solitude and for vast uninterrupted vistas of an ancient landscape? Let’s not lose this treasure when there is a smarter path forward, including solar panels on rooftops, parking lots, fallowed agricultural lands, and even exposed aqueducts. An Oasis Has Become a Dead Sea The Guardian comments Solar Farms Took Over the California Desert: ‘An Oasis Has Become a Dead Sea’ Over the last few years, this swathe of desert has been steadily carpeted with one of the world’s largest concentrations of solar power plants, forming a sprawling photovoltaic sea. On the ground, the scale is almost incomprehensible. The Riverside East Solar Energy Zone – the ground zero of California’s solar energy boom – stretches for 150,000 acres, making it 10 times the size of Manhattan. Residents have watched ruefully for years as solar plants crept over the horizon, bringing noise and pollution that’s eroding a way of life in their desert refuge. “We feel like we’ve been sacrificed,” says Mark Carrington, who, like Sneddon, lives in the Lake Tamarisk resort, a community for over-55s near Desert Center, which is increasingly surrounded by solar farms. “We’re a senior community, and half of us now have breathing difficulties because of all the dust churned up by the construction. I moved here for the clean air, but some days I have to go outside wearing goggles. What was an oasis has become a little island in a dead solar sea.” Concerns have intensified following the recent news of a project, called Easley, that would see the panels come just 200 metres from their backyards. Residents claim that excessive water use by solar plants has contributed to the drying up of two local wells, while their property values have been hit hard, with several now struggling to sell their homes. The mostly flat expanse south-east of Joshua Tree national park was originally identified as a prime site for industrial-scale solar power under the Obama administration, which fast-tracked the first project, Desert Sunlight, in 2011. It was the largest solar plant in the world at the time of completion, in 2015, covering an area of almost 4,000 acres, and it opened the floodgates for more. Since then, 15 projects have been completed or are under construction, with momentous mythological names like Athos and Oberon. Ultimately, if built to full capacity, this shimmering patchwork quilt could generate 24 gigawatts, enough energy to power 7m homes. Kevin Emmerich worked for the National Park Service for over 20 years before setting up Basin & Range Watch in 2008, a non-profit that campaigns to conserve desert life. He says solar plants create myriad environmental problems, including habitat destruction and “lethal death traps” for birds, which dive at the panels, mistaking them for water. He says one project bulldozed 600 acres of designated critical habitat for the endangered desert tortoise, while populations of Mojave fringe-toed lizards and bighorn sheep have also been afflicted. “We’re trying to solve one environmental problem by creating so many others.” Much of the critical habitat in question is dry wash woodland, made up of “microphyll” shrubs and trees like palo verde, ironwood, catclaw and honey mesquite, which grow in a network of green veins across the desert. But, compared with old-growth forests of giant redwoods, or expanses of venerable Joshua trees, the significance of these small desert shrubs can be hard for the untrained eye to appreciate. “When people look across the desert, they just see scrubby little plants that look dead half the time,” says Robin Kobaly, a botanist who worked at the BLM for over 20 years as a wildlife biologist before founding the Summertree Institute, an environmental education non-profit. “But they are missing 90% of the story – which is underground. ”Her book, The Desert Underground, features illustrated cross-sections that reveal the hidden universe of roots extended up to 150ft below the surface, supported by branching networks of fungal mycelium. “This is how we need to look at the desert,” she says, turning a diagram from her book upside-down. “It’s an underground forest – just as majestic and important as a giant redwood forest, but we can’t see it.” For Alfredo Acosta Figueroa, the unstoppable march of desert solar represents an existential threat of a different kind. As a descendant of the Chemehuevi and Yaqui nations, he has watched as what he says are numerous sacred Indigenous sites have been bulldozed. “There are so many other places we should be putting solar,” says Clarke, of the National Parks Conservation Association, from homes to warehouses to parking lots and industrial zones. He describes the current model of large-scale, centralized power generation, hundreds of miles from where the power is actually needed, as “a 20th-century business plan for a 21st-century problem”. Lose-Lose Policy Experts suggest the mad rush to convert desert to subsidized solar panels may be releasing mass amounts of stored carbon while simultaneously destroying archeological sites in the process. Battles Rage Over Biden's Clean Energy Projects as the Size and Cost Jump Meanwhile, back East, Battles Rage Over Biden's Clean Energy Projects as the Size and Cost Jump Also note, The Inflation Reduction Act Price Jumps From $385 Billion to Over $1 Trillion What to Expect When Politicians Try to Pick Technology Winners Part 1 On may 25, with a spotlight on the EU, I commented on What to Expect When Politicians Try to Pick Technology Winners Part 1 This was part 2. Biden is so clearly wrong, even the extremely liberal Guardian sees it. But it's full speed ahead with massive subsidies for something counterproductive for the goal. * * * Please Subscribe to MishTalk Email Alerts. Tyler Durden Tue, 05/30/2023 - 08:50.....»»

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US Home Prices Show Annual Decline For First Time Since 2012

US Home Prices Show Annual Decline For First Time Since 2012 After an unexpected, and small, blip higher in February; US home prices - according to S&P Global Case-Shiller Composite index - were expected to continue their decline in March data released today (i.e. very lagged) and they did...on a non-seasonally-adjusted basis. The 20-City Composite dropped 1.15% MoM (slightly better than the 1.6% drop expected) on a non-seasonally-adjusted basis but rose 0.45% MoM on a seasonally-adjusted basis. Source: Bloomberg So take your pick!!! However, on a non-seasonally-adjusted basis, home prices decline YoY for the first time since May 2012 (as shown in the chart below): Source: Bloomberg Miami, Tampa, Charlotte reported highest year-over-year gains among 20 cities surveyed while San Francisco is down a shocking 11.2% YoY... The index provider preferred to focus on the SA data for signs of hope... "Two months of increasing prices do not a definitive recovery make, but March’s results suggest that the decline in home prices that began in June 2022 may have come to an end," Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in statement. "That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months." Finally, as a reminder, the man behind the home price index - Yale economist Bob Shiller - told CNBC's "Closing Bell: Overtime" last month that "home prices are very, very high by historical standards." "I would extrapolate the downturn somewhat - it's going to continue," he added. "Maybe if you have a good chance to delay your purchase, it might be a good time to do it." "It might get a little cheaper after another six months." We suspect that is what Powell is hoping for, and judging by mortgage rates, prices have a long way to fall... Source: Bloomberg Unless The Fed folds. Tyler Durden Tue, 05/30/2023 - 09:14.....»»

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About 1 Million Viewers Stopped Watching Fox News After Tucker Carlson’s Exit: Report

About 1 Million Viewers Stopped Watching Fox News After Tucker Carlson’s Exit: Report Authored by Jack Phillips via The Epoch Times (emphasis ours), An analysis of primetime ratings shows that Fox News has seen an approximate decline of 1 million total viewers on average for its primetime lineup after the departure of Tucker Carlson in late April. Tucker Carlson speaks during 2022 FOX Nation Patriot Awards at Hard Rock Live at Seminole Hard Rock Hotel & Casino Hollywood in Hollywood, Fla., on Nov. 17, 2022. (Jason Koerner/Getty Images) In the four weeks before Carlson left the network, Fox News’ primetime hours averaged some 2.6 million total viewers. But in the four weeks after his departure, those hours are down to just 1.6 million viewers, a decline in 39 percent, according to an analysis from Mediaite. The 8 p.m. hour that Carlson used to have also declined significantly, according to ratings. Carlson had averaged some 3.2 million viewers in the weeks before he left, but the replacement show—”Fox News Tonight”—is down to 1.49 million viewers on average. When announcing Carlson’s exit, Fox News signaled that the new program would be temporary and would include a rotating cast of hosts. Brian Kilmeade, Lawrence Jones, Will Cain, Kayleigh McEnany, and former Rep. Trey Gowdy (R-S.C.) have hosted the 8 p.m. show in the meantime. “Fox News Tonight” saw a bump in ratings on May 23 after Florida Gov. Ron DeSantis appeared on the show and gave an interview with Gowdy, coming after the Republican governor announced his 2024 presidential bid. That interview saw about 1.96 million viewers and also drew 186,000 in the key 25–54 advertising demographic, according to Nielsen ratings. Just minutes before, DeSantis appeared in a Twitter event alongside CEO Elon Musk, where he announced his White House run. It came after months of speculation about the Florida Republican’s presidential aspirations. Despite the drop in the primetime viewership since Carlson’s departure, data shows that Fox News is still the No. 1 cable news channel in terms of overall ratings. And the latest ratings for Fox News, released on May 24, show that “The Five” was the No. 1 show, generating 2.4 million viewers. However, none of Fox News’ other shows—or other shows on other cable news channels—for that day eclipsed the 2 million mark. Earlier this month, a Fox News spokesperson responded to the Carlson-linked drop in primetime ratings, saying that the network is still the No. 1 cable news channel. “For more than 21 years, Fox News Channel has been cable news’ most-watched network in all categories with more Democrats, Independents, and Republicans now tuning in than either CNN or MSNBC,” Fox News said at the time. “Attracting more than 50 percent of the cable news-viewing audience with the top 12 programs in cable news, Fox News’ powerhouse team of journalists, analysts, and opinion hosts are trusted more by viewers than any other news source.” About two weeks ago, rumors surfaced that Fox News would alter its primetime lineup and would move Sean Hannity to the 8 p.m. timeslot. A spokesperson for Fox at the time told The Epoch Times that no decision has been made on its primetime programming schedule, while the network also refuted what it described as left-wing claims that host Laura Ingraham would be booted from the network. “Reports based on various tweets by left wing activists are wildly inaccurate. Laura Ingraham, the top-rated woman in cable news, is now and will continue to be a prominent host and integral part of the FOX News lineup,” the spokesperson said. Read more here... Tyler Durden Tue, 05/30/2023 - 09:20.....»»

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Nvidia Tops Trillion-Dollar Market Cap After Introducing AI Supercomputer

Nvidia Tops Trillion-Dollar Market Cap After Introducing AI Supercomputer Update (0930ET): The bell has rung and NVDA has now become the 9th company in history to reach a market capitalization of $1 trillion. Having overtaken Tesla and Meta, Amazon is Nvidia's next target... Just one thing before we all get too carried away - we have seen this kind of pattern before (when COVID supply chain shocks dragged forward years of orders as companies panic-bid for any and every chip they could find)... * * * As Savannah Fortis detailed earlier, via CoinTelegraph.com, Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications as the company revealed plans to release more AI products. Speaking at the Computex show in Taiwan on May 28, Nvidia CEO Jensen Huang unveiled a new AI supercomputer platform called DGX GH200. The supercomputer’s primary purpose is to aid tech companies in developing successors to the popular AI chatbot ChatGPT, according to Huang. Big Tech firms such as Microsoft, Meta and Google’s Alphabet are anticipated to be among some of the pioneering users of the supercomputer equipment. Huang announced a new service called Nvidia ACE for Games, which targets the video game industry. ACE will utilize AI to help give background characters in games more character. Additionally, the company plans to partner with marketing and communications giant WPP to combine AI and metaverse technologies to lower advertising costs. Nvidia is planning a new networking scheme that will accelerate the speed of information within data centers. While Nvidia is leading the pack in terms of producing powerful chips to power AI applications, other companies are rushing to join in on the AI frenzy. Microsoft recently announced that it is developing its own chip with the capacity to power ChatGPT-like applications. In China, developers are under sanctions from the United States, which has barred access to the latest version of Nvidia chips. However, local developers are currently trying combinations of chips and semiconductors to create their own methods of AI development. As AI becomes more accessible and developers continue to push out new products, they are also in conversations with lawmakers around the world in order to ensure regulations that allow for innovation. In early May, executives of many major tech companies gathered at the White House with U.S. Vice President Kamala Harris to discuss the dangers of AI. Officials also addressed companies, including Nvidia, about participation in publicly evaluating AI systems. Tyler Durden Tue, 05/30/2023 - 09:30.....»»

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"Not Great Right Now": McCarthy Debt Deal Votes In Question, DeSantis Slams As "Totally Inadequate"

'Not Great Right Now': McCarthy Debt Deal Votes In Question, DeSantis Slams As 'Totally Inadequate' With a US default projected for Monday, House Speaker Kevin McCarthy (R-CA) has precious little time to convince several GOP holdouts to come around and vote for a debt ceiling deal that's been widely panned by several conservatives. McCarthy's team thinks they can avoid disaster at today's House Rules Committee at 3pm ET today, however Reps. Chip Roy (R-TX), Ralph Norman (R-SC), and Thomas Massie (R-KY) - three conservatives who serve on the panel - may not vote for the rule which allows the Fiscal Responsibility Act to come to the floor, Punchbowl News reports. All three have expressed reservations about the bill - however Massie may still back the rule, making him the 'key figure in today's drama,' according to Punchbowl. Of note, there are nine Republicans and four Democrats on the panel - so if Roy and Norman vote 'no' then Massie needs to vote 'yes' for the bill to survive. Keep in mind this fascinating exchange Massie had with reporters four months ago. Our friend Erik Wasson of Bloomberg asked the Kentucky Republican if he would be “a firewall” on the Rules Committee to make sure a clean debt-limit increase never made it onto the floor. Here’s Massie: “Over the past 10 years, I’ve been an advocate of regular order and trying to make things work, try to make this place work right. And I would be reluctant to try to use the Rules Committee to achieve a legislative outcome, particularly if it doesn’t represent a large majority of our caucus. “So I don’t ever intend to use my position on there to hold somebody hostage or hold legislation hostage.” -Punchbowl Meanwhile, House Freedom Caucus Chair Scott Perry (R-PA) is holding a press conference today too. Here's the schedule of events. 12:00ET - The conservative hard-liners in the House Freedom Caucus will hold a news conference outside the Capitol to rally opposition to the deal 15:00ET - The House Rules Committee will meet to prepare the bill for floor action. 18:30ET - The House will hold votes on unrelated bills, giving whips in both parties their first chance to count votes in person. 19:30ET - House Republican leaders will host a closed-door conference meeting, where they will discuss the debt deal. GOP leadership feels that the preliminary CBO score - $2.1 trillion in savings over the six-year life of the included caps - is something they can get behind. That said, after two years, the remaining four years of caps can be waived. TOMORROW • 09:00ET - House Democrats will meet in a closed-door caucus meeting where they will hear from White House officials. McCarthy's plan will be to argue that no other bill can save the federal government as much money as the current package, and that Biden never wanted to negotiate in the first place. Assuming the legislation makes it to the floor, "it's all about the math," reports Fox News' Chad Pergram, who one GOP source said things are "not that great right now." B) They may still get there. But the number of GOPers who may vote yes could be significantly lower than that. When asked how the vote count was looking, one senior House GOP source replied “not that great right now.” — Chad Pergram (@ChadPergram) May 30, 2023 Pergram was told that there are quite a few undecided votes, but that Republicans should be able to score well over a majority of their majority. That said, fewer Republicans 'yes' votes of course means that Democrats will need to make up the difference - which is a big if. E) Republicans don’t believe the PAYGO provisions go far enough. Plus, they wanted a more significant clawback of IRS money. Again, the key to this having the right cocktail of Democratic and Republican votes to pass the bill. What that looks like is anyone’s guess. — Chad Pergram (@ChadPergram) May 30, 2023 Needless to say, Rep. Clyde is a 'no' at this point. Fib: The “Fiscal Irresponsibility Act” eliminates funding for Joe Biden’s army of IRS agents. Fact: The disastrous deal only cuts $1,389,525,000. We promised to nix the $80 BILLION Democrats appropriated to the weaponized IRS. So much for protecting American taxpayers. #NoDeal pic.twitter.com/ncTwlMpT4q — Rep. Andrew Clyde (@Rep_Clyde) May 30, 2023 Chiming in on the debt deal was Florida Governor and 2024 Presidential candidate Ron DeSantis, who told Fox and Friends that it was "totally inadequate." "Prior to this deal, Kayleigh, our country was careening toward bankruptcy and after this deal, our country will still be careening toward bankruptcy," DeSantis told guest host Kayleigh McEnany. "To say you can do $4 trillion of increases in the next year and a half, I mean, that is massive amount of spending." "I think that we’ve gotten ourselves on a trajectory, really since March of 2020 with some of the COVID spending and totally reset the budget and they are sticking with that and I think that is totally inadequate to get us in a better spot." Our country is careening toward bankruptcy, and after this debt ceiling "deal" it will still be careening toward bankruptcy. The deal green lights $4 trillion in new debt over the next year and a half, locks in inflated levels of spending from COVID, and keeps 98% of the Biden… pic.twitter.com/UAED0GWVVA — Ron DeSantis (@RonDeSantis) May 29, 2023 More via Punchbowl: Senate Democratic communications directors were briefed on messaging strategy by the White House Monday night, we’re told. The briefing emphasized that “not everyone gets what they want,” according to one readout, a bid to counter progressive ire. A big focus was the White House’s view that Biden’s negotiators successfully blocked the most dangerous GOP provisions from getting into the legislation. The Senate is in a holding pattern until the House sends the bill over following the Wednesday vote. In the meantime, it’s worth remembering that Senate Majority Leader Chuck Schumer might have to relent to demands to hold amendment votes in order to speed passage of the bill. Case in point: Sen. Tim Kaine (D-Va.) is filing an amendment to strip the controversial Mountain Valley Pipeline approval from the legislation. A Kaine spokesperson said the provision, sought by Sen. Joe Manchin (D-W.Va.) and Republicans, “is completely unrelated to the debt ceiling.” No. 5: Rep. Raúl Grijalva of Arizona, the top Democrat on the House Natural Resources Committee, sent lawmakers a “fact sheet” sharply criticizing the permitting reform provisions in the debt-limit bill. It’s unusual, to say the least, to have a senior member of the president’s own party criticize a package he crafted in such a public way. But as we noted, a lot of progressives don’t like this bill. As for the Treasury market, the Fear-o-Meter is down and holding, however the T-bill curve still has some indigestion as things come down to the wire. Check back for updates... Tyler Durden Tue, 05/30/2023 - 09:30.....»»

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US Spent $13 Billion Sponsoring Unaccompanied Minor Children At The Border Since 2012

US Spent $13 Billion Sponsoring Unaccompanied Minor Children At The Border Since 2012.....»»

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nytCategory: personnel~38 min. ago Related News

Conference Board Confidence Drops To Worst Since 2022

Conference Board Confidence Drops To Worst Since 2022 After declining in April, the Conference Board's consumer sentiment index was expected to accelerate its drop (after peaking in Dec 2022 for this mini-cycle). The picture is murkey however as the headline print beat expectations (102.3 vs 99.0 exp) but that is down from April's final print of 103.7 (revised up from 101.3). Under the hood, both current and future expectations indices declined (from revised higher prints)... Source: Bloomberg That is the lowest headline confidence print since Nov 2022 and lowest 'current conditions' print since Dec 2022. Meanwhile, May's results show consumer inflation expectations over the next 12 months decline modestly from 6.2% to 6.1% - although that level is down substantially from the peak of 7.9 percent reached last year, it is still elevated... Source: Bloomberg Finally, the Conference Board's measure of labor market tightness improved slightly (less jobs plentiful vs hard to get) in May... Source: Bloomberg This is not at all what Powell wants to see. Tyler Durden Tue, 05/30/2023 - 10:08.....»»

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AI Is as Risky as Pandemics and Nuclear War, Top CEOs Say, Urging Global Cooperation

The CEOs of the leading AI companies made their most unified statement yet about the existential risks posed by the technology The CEOs of the world’s leading artificial intelligence companies, along with hundreds of other AI scientists and experts, made their most unified statement yet about the existential risks to humanity posed by the technology, in a short open letter released Tuesday. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the letter, released by California-based non-profit the Center for AI Safety, says in its entirety. The CEOs of what are widely seen as the three most cutting-edge AI labs—Sam Altman of OpenAI, Demis Hassabis of DeepMind, and Dario Amodei of Anthropic—are all signatories to the letter. So is Geoffrey Hinton, a man widely acknowledged to be the “godfather of AI,” who made headlines last month when he stepped down from his position at Google and warned of the risks AI posed to humanity. [time-brightcove not-tgx=”true”] The letter is the latest effort by those within the tech industry to urge caution on AI. In March, a separate open letter called for a six-month pause on AI development. That letter was signed by prominent tech industry figures including Elon Musk, but it lacked sign-on from the most powerful people at the top of AI companies, and drew criticism for presenting a solution that many said was implausible. Tuesday’s letter is different because many of its top signatories occupy powerful positions within the C-suite, research, and policy teams at AI labs and the big tech companies that pay their bills. Kevin Scott, the CTO of Microsoft, and James Manyika, a vice president at Google, are also signatories to the letter. (Microsoft is OpenAI’s biggest investor, and Google is the parent company of DeepMind.) Widely revered figures on the technical side of AI including Ilya Sutskever, OpenAI’s chief scientist, and Yoshua Bengio, winner of the Association for Computing Machinery’s Turing Award, are also signatories. The letter comes as global governments and multilateral organizations are waking up to the urgency of somehow regulating artificial intelligence. Leaders of G7 nations will meet this week for their first meeting to discuss setting global technical standards to put guardrails on AI development. The European Union’s AI Act, which is currently under scrutiny by lawmakers, will likely set similar standards for the technology but is unlikely to fully come into force until at least 2025. Altman, the CEO of OpenAI, has publicly called for global AI regulations but has also pushed back at the E.U.’s proposals for what such regulations should look like. “AI experts, journalists, policymakers, and the public are increasingly discussing a broad spectrum of important and urgent risks from AI. Even so, it can be difficult to voice concerns about some of advanced AI’s most severe risks,” a statement accompanying the letter reads, noting that its purpose if to “overcome this obstacle and open up discussion.” The statement adds: “It is also meant to create common knowledge of the growing number of experts and public figures who also take some of advanced AI’s most severe risks seriously.” Some criticism of the March letter calling for a six-month pause came from progressives in the artificial intelligence community, who argued that talk of an apocalyptic future distracted from harms that AI companies perpetrate in the present. Dan Hendrycks, the Center for AI Safety’s director, wrote on Twitter that both near-term and long-term risks are in the scope of the latest letter published on Tuesday. “There are many important and urgent risks from AI, not just the risk of extinction; for example, systemic bias, misinformation, malicious use, cyberattacks, and weaponization. These are all important risks that need to be addressed,” he wrote. “Societies can manage multiple risks at once; it’s not ‘either/or’ but ‘yes/and.’ From a risk management perspective, just as it would be reckless to exclusively prioritize present harms, it would also be reckless to ignore them as well.” Notably absent from the list of signatories are employees from Meta. The company’s AI division is widely regarded as close to the cutting edge in the field, having developed powerful large language models, as well as a model that can outperform human experts at the strategy game Diplomacy. Meta’s chief AI scientist, Yann Lecun, has previously rubbished warnings that AI poses an existential risk to humanity......»»

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