By Shannon Osaka. Originally published at Grist It’s been a rallying cry for activists and a key talking point for diplomats. For decades now, 2 degrees Celsius (3.6 degrees Fahrenheit) of global warming has been viewed as a “do not cross” line in climate policy, a temperature at which cataclysmic and potentially permanent damage to […]
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By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Department of Justice (DoJ) last Friday dropped its antitrust probe into four automakers who opted to comply with California’s tougher tailpipes emissions standards. Emissions one of many environmental areas in which […]
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Yves here. Subprime auto loans provide more evidence that this supposedly solid “recovery” has cracks in its foundations. This is the sort of “Ponzi finance” behavior that Minsky accurately depicted as leading to eventual ruin. By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street Auto loan and lease balances have surged to […]
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By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Uber’s profit performance and cash burn had ben dismal for years […]
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Even though we are not that far into the progress of the novel coronavirus, experts are still trying to assess its impact and spread. On the one hand, Goldman Sachs forecasts that the novel cornoavirus won’t dent global growth, based on the assumption that the infection peaks in China at the end of the first […]
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Yves here. Cars as a case study of unintended consequences. By Emily Pontecorvo. Originally published at Grist If you’re getting more bang for your buck at the gas pump today than you were a decade ago, you can thank the Obama administration. Obama’s 2012 updates to the Corporate Average Fuel Economy standards, or CAFE standards, […]
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Had Donald Trump managed the difficult task of having a bad effect on the already not well reputed Boris Johnson? The Tories’ posture toward Brexit says that could be the case. Specifically, inebriated by the close-at-hand formal Brexit date of January 31, Johnson and more recently his Chancellor Sajid Javid have taken to making aggressive […]
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By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street Tesla doesn’t disclose deliveries in the US, unlike other automakers. It only discloses global deliveries. We have to look at other data to see how Tesla is doing in the US; and in the US, deliveries have been plunging in recent months. In […]
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