Trumps Tariffs Sent Solar Jobs Tumbling For The Second Year In A Row

In 2016, the solar industry created new jobs in the United States. A year later, that number for the first time in seven years as President data Green New Deal could dramatically increase demand for solar workers in the next few years. The problem, at least on the federal level, was mostly one of perception. Trump came into office in 2017 to gut incentives for solar and wind energy in an effort to bolster fossil fuels and cut federal spending. The Solar Foundation A chart from the report shows the 159 percent increase in solar employment since 2010.  Roughly three-quarters of Americans employed by the solar industry work in installment and wholesale, sectors bolstered by the availability of cheap panels …

The next round of bank mergers has finally arrived

New York (CNN Business)After a decade-long lull, flashy mergers between American banks are back. After the 2008 financial crisis, mergers and acquisitions in the banking sector stalled as regulation of the industry ramped up and the public remained wary of “too big to fail” institutions. Ten years later, another round of consolidation appears imminent, according to Alan McIntyre, Accenture’s senior managing director for banking. Tech hurdles and interest rates One factor encouraging bankmergers is the sheer amount of money that financial firms now need to invest in technology. It’s necessary so they can protect their systems and keep their digital presenceup-to-date. Internal systems can require a lot of upkeep, while customers have come to expect high quality service on their …

As Emiliano Sala’s family grieves his transfer provides glimpse into football’s ‘arms race’

(CNN)A Facebook photograph shows a black dog sitting in a house, looking toward a clump of trees as the sun starts to set. It’s a picture that leaves a sense of a dog waiting patiently for its owner to return. When asked by CNN if the demand for payment was true, Nantes said that this particular paragraph in a report published by French newspaper France Ouest, was accurate. They did not elaborate when asked by CNN. “FC Nantes indeed contacted Cardiff to know what their intentions were, suspecting the Welsh club to save time. Nantes asked two lawyers to study the possible legal recourses to force Cardiff to honor the payment of the Emiliano Sala transfer and it is also …

How bad is China’s economic slump? It’s impossible to tell

Hong Kong (CNN Business)Companies and executives around the world are desperately trying to gauge the severity of China’s economic slowdown. But getting a clear picture is very difficult. His firm gathers data from thousands of companies across different industries in China to come up with its own picture of what’s happening, drawing its name from the US Federal Reserve’s Beige Book report. Miller said the Chinese economy is “much, much weaker” at the moment than Chinese government figures suggest and things are unlikely to turn around anytime soon. Figuring out the likely length and depth of the slumpis important for businesses making decisions on investments and hiring, and for investors working out where to put their money. China is grappling …

IBM’s AI debate computer loses to human champion

San Francisco (CNN Business)People are great at arguing. But a project from IBM shows that computers are getting quite good at it, too. It followed traditional debate style. Each side gave a 4-minute opening speech, then they each came up with a 4-minute rebuttal to the other party. At the end, they gave a 2-minute closing argument. The audience was asked to vote for one side or the other at the start of the debate, and again at the end. “Greetings, Harish,” Project Debater began, speaking in a mainly monotonous, female voice. It argued, among other things, that subsidized preschool can help break the poverty cycle. It spoke in complete sentences, and drew from a range of studies (including by …

Wall Street hates a lot of big retail stocks

New York (CNN Business)It’s a good time to be a shopper because companies like Amazon (AMZN), Walmart (WMT) and Target (TGT) are keeping prices low. Many companies tread water or even lose money for the first few months of the year and then make giant profits in the second half thanks to back-to-school and holiday shopping. But the rise of Amazon and digital shopping in general has made life even more difficult for prominent retailers. Fewer of those back-to-school and holiday shoppers are heading to a physical location. “Retail is being transformed. You’ve seen Sears go bankrupt,” said Kevin Miller, chief investment officer of the E-Valuator funds. “Many retailers and consumer products are having to play catchup online.” Companies like …

Cory Booker Woos Iowans With Love-Heavy Brand Of Progressive Patriotism

WATERLOO, Iowa ― New Jersey Sen. Cory Booker’s favorite presidential campaign-trail yarn ― and he has a lot of them ― is about how his parents, two of IBM’s first black executives, overcame housing market discrimination to raise him and his brother in a predominantly white neighborhood in one of his state’s suburbs. Recounting the tale Friday afternoon to an audience of about 100 Democrats at a community college in Waterloo, Booker marveled at the far-reaching power of individual political sacrifices. It’s a testament, he declared with excitement in his voice, to his deeply held belief that “love is a radical force.” On the same weekend that Sen. (D-Mass.) officially with a pledge to “fight back” against the waged by …

People Used To Order Sears Home Kits From A Catalog In The Early 1900s And Some Are Still Standing Today

While these days we don’t think twice about ordering all kinds of things online, with giants like Amazon offering pretty much anything you could possibly imagine shipped to your doorstep, the mail-order concept goes back much further than you might think, and you could even get an entire house delivered by mail. Image credits: filed for bankruptcy, revolutionized home-ownership and kick-started the American dream for thousands by offering affordable ‘kit homes,’ arriving by railroad in pieces that people would put together themselves. With 400 types to choose from in a range of budgets, the mail-order homes proved to be a massive hit, with 75,000 built all over the USA between 1908 and 1940. Sears Archives The scheme was an impressive …

Facebook data; Central banks in focus; SoftBank soars

London (CNN Business)1. Facebook data: Germany’s anti-trust office has ruled that Facebook (FB) is abusing its dominant position in social media by combining data from other sources such as Instagram, WhatsApp and third party websites to build a unique profile of each user. 2. Central banks in focus: India’s central bank cut interest rates Thursday for the first time in six months. The move by the Reserve Bank of India was unexpected — two-thirds of economists polled by Reuters had predicted the bank would keep rates unchanged. The bank cited a drop in inflation, lower oil prices and a global economic slowdown as factors behind its decision. The Bank of England kept interest rates on hold on Thursday, but slashed …

Readers’ guide to the State of the Union

Washington (CNN)When Trump gave his State of the Union address last year, he was coming off one of the highest points in his presidency. He had just signed a huge tax cut into law and removed the Obamacare mandate penalty. Both the House and Senate were controlled by Republicans, and he was enjoying some of his highest approval ratings as president. Immigration and The Wall More than anything else, the issues of immigration and border security have consumed Trump’s first two years in office. Here’s a look at some recent talking points and whether they’re true. “You don’t bring trucks of drugs through the checkpoints. You bring trucks of drugs by making a right 20 miles, and a left into …

Over 100 Whales Still In Russian “Whale Jail” Months After First Spotted As Investigation Drags On

Somewhere in the realm of 100 belugas and killer whales are being held captive in what’s been dubbed a “whale jail” by media in Russia and abroad. Prosecutors are investigating the cramped quarters and potentially life-threatening conditions, especially as the winter chill freezes ice into the enclosures. A team must now work to remove the ice so the animals can breathe and surface for air.  Activists fear the whales will be sold to water parks and aquariums in China, which would be a blatant disregard of international laws. The concern arises from reports of such precedent by the companies between 2013 and 2016, according to Russian Newspaper Novaya Gazeta. The companies under investigation are Bely Kit, Afalina Oceanarium DV, and Sochi Dolphinarium. …

Why tapping America’s oil reserve is a bad idea

New York (CNN Business)President Donald Trump’s crackdown on Venezuela threatens to create a shortage of heavy crude, which American refineries need to churn out gasoline, jet fuel and diesel. But analysts caution that tapping the SPR won’t do much to ease a shortage, especially not in the long run. The problem is that not all crude is created equal. Different regions produce different grades of crude. Some of it, like what comes out of Venezuela, is so thick and heavy that it can’t be put into pipelines. Other crude, like what gets pumped in Texas, is a very light and clear like gasoline. The emergency oil reserve contains crude that is mostly lighter than the 500,000 barrels per day that …

Protesters stone home of Haiti president, clash with police

A crowd of thousands protested in downtown Port-au-Prince Saturday, and an Associated Press journalist saw at least one fatally shot, apparently by nearby police. Protesters in the Petionville neighborhood blocked the road to Moise’s house and stoned his property after guards protecting a Moise ally hit a woman’s car and beat her near the president’s house. Protesters are angry about skyrocketing inflation and the government’s failure to prosecute embezzlement from a multi-billion Venezuelan program that sent discounted oil to Haiti. Trending in World Original Article : HERE ; This post was curated & posted using : RealSpecific

Government housing delivery plan ‘flawed’

The Local Government Association (LGA) said the current formula did not take into account the needs of local communities. ‘Free-for-all’ Local authorities – by law – need to have an up-to-date plan for building new homes. If they are unable to prove that they have a five-year supply of land for housing, developers have greater freedoms to build where they want. The NAO points out that this risks ill-suited developments, while the LGA says it risks a “free-for-all”. The NAO says that between 2005-06 and 2017-18, 177,000 new homes per year were built on average, with the number never rising above 224,000. To meet its ambition for 300,000 homes a year, the department will need to oversee a 69% increase …

Slack confidentially files to go public

New York (CNN Business)Slack, the popular workplace communication platform, has filed confidential paperwork to go public. Slack CEO and co-founder Stewart Butterfield is known for saying the company is opportunistic about capitalizing on people’s interest in the service — whether it’s from investors wanting to pour money into the company or expanding Slack into new countries. The company has been vocal about accepting new investment, even when it has yet to tap the vast majority of money in its warchest. To date, it has raised about $1.2 billion from investors including SoftBank and Accel. In August, the company was valued at $7.1 billion. Slack’s messaging service helps employees better collaborate on work. It’s been called an “email killer,” providing users …

What’s behind Corbyn’s Brexit letter to May?

Owen Smith ‘considering’ quitting Labour May and Juncker talks ‘constructive’ Brexit: All you need to know Its absence now is designed to signify that Labour is serious about a deal. On one level, it is astute politics. EU negotiators have signalled their willingness to have a “closer relationship” with the UK than the May deal would allow. And that they are willing to be more flexible if a proposal could command a solid majority in Parliament. Win-win-win? Politically, the Labour leadership believe they have a “win, win, win” scenario. Win: They appear reasonable but Theresa May won’t play ball for fear of sacrificing her party’s unity on the altar of a customs union. She is potentially blamed by voters if …