Tag: Georgia

Yellen to Warn China Against Flood of Cheap Green Energy Exports

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The Biden administration is growing increasingly concerned that a glut of heavily subsidized green technology exports from China is distorting global markets and plans to confront Chinese officials about the problem during an upcoming round of economic talks in Beijing. The tension over industrial policy is flaring as the United States invests heavily in production of solar technology and electric vehicle batteries with funding from the Inflation Reduction Act of 2022, while China pumps money into its factory sector to help stimulate its sluggish economy. President Biden and Xi Jinping,…

Could Biden’s Clean Energy Push Be a Victim of Its Success?

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Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line. The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both…

Weather tracker: Hurricane Idalia leaves trail of damage in Florida

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Hurricane Idalia struck northern Florida on Wednesday, bringing damaging winds and torrential rain. It made landfall near Keaton Beach on Florida’s Big Bend during the morning as a high-end category 3 hurricane, bringing sustained winds speeds near 125mph (200km/h) and a storm surge of 16ft along Florida’s north-west coastline. Due to very warm sea surface temperatures, the storm strengthened rapidly over the Gulf of Mexico to category 4 status, before weakening to category 3 as it made landfall. It brought extensive flooding as it passed through and damaged power lines,…

Biden speaks on downed Chinese balloon and unidentified objects – live

Chin@Strategy

From 55m ago Biden to speak about Chinese spy balloons Martin Pengelly An update from the White House: at 2pm, Joe Biden will deliver remarks about the Chinese spy balloons/UFOs shot down over the US – or as the White House statement puts it, “the United States’ response to recent aerial objects”. Republicans (and, to be fair, Democrats) have been pressuring the administration to say more. In the meanwhile, here’s what China said about US balloons earlier today: And here, in the interests of balance and/or reading about UFOs, is…

What Dominated the World Economic Forum

Chin@Strategy

Davos’s talking points The annual World Economic Forum, delayed from its normal winter date by Covid, has wrapped up. The high-profile conference, which draws leaders from government, business and nonprofits, has returned for the first time since coronavirus shut down the world — but in the midst of a war in Europe. DealBook was on hand, and here are our big takeaways: Executives are worried about a slowdown. Nearly every conversation with chief executives was dominated by how to handle rising interest rates, inflation and supply chain shocks, with the…