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Another 2.1 million seek unemployment benefits. The Coronavirus Recession will stick it to millennials

The Department of Labor reported Thursday that yet another 2.1 million Americans, on a seasonally adjusted basis, applied for initial state unemployment benefits in the week that ended May 23. Counting these new applications makes for a total of 40.5 million workers who have filed for initial benefits over the past 10 weeks. Add in the millions of Americans who are receiving […]

May 29th

Trump won’t offer usual economic projections. Probably because it’s hard to brag about disaster

In a story they broke this morning, Jeff Stein and Josh Dawsey at The Washington Post report that the Trump regime has decided it will not deliver economic projections in the traditional “mid-session review” of the budget this summer. Budget experts the reporters interviewed said they didn’t know of any time in the past half century when an administration has […]

May 28th

Climate Change: Link between Earth’s heat and hurricane strength grows

Researchers from NOAA and the Cooperative Institute for Meteorological Satellite Studies have greater confidence that warming surface temperatures and increasing tropical cyclone intensity appear to go hand-in-hand. A new study in the Proceedings of the National Academy of Sciences (PNAS) indicates a significant global increase in hurricane intensity over a four-decade period, showing the emergence of more significant findings than previous […]

NOAA exploring impact of COVID-19 response on the environment

The coronavirus pandemic response has reduced pollution from a large number of sources across many geographic regions. NOAA has launched a wide-ranging research effort to investigate the impact of reduced vehicle traffic, air travel, shipping, manufacturing and other activities on Earth’s atmosphere and oceans. By NOAA NOAA scientists are using the most advanced atmosphere-ocean models […]

Renewable Roundup: Big banks lining up to finance big batteries

We’ve reached a significant tipping point in how the battery storage market is financed, shifting from expensive private equity investments to ordinary bank finance. Which will be another factor leading to a terawatt of storage by 2040. By Mokurai Banks Finally Start to Spend Big on Giant Batteries Once reluctant to finance big projects, lenders […]

May 14th

State of the data: First quarter of 2020 is second warmest on record

This year is shaping up to be one of the warmest years on record – if not the warmest. This is particularly noteworthy because 2020 is likely to see neutral El Niño/La Niña conditions that will play little-to-no role in boosting annual temperatures. By Zeke Hausfather The first three months of 2020 were the second warmest on record, behind […]

May 4th

Tesla Model 3 demolishes Ford Mustang and Dodge Charger sales

A little while after I published articles about Tesla’s US 1st quarter sales earlier this month, I discovered that our estimates for foreign sales had been too pessimistic. Sales abroad were much higher in the 1st quarter than we initially thought — most notably, in Europe, South Korea, and China. That meant that US Tesla […]

April 28th

A data look at Coronavirus – Good news, bad news, and more bad news

Some data has been collected that I’ve been waiting days or longer for a better journalist than me to pull together. Taking it and some other research into account, we’ve got some good, bad, bad, and potentially good news on the coronavirus pandemic to share and discuss. By Zachary Shahan Cleantechnica The Financial Times (FT) journalists and […]

April 27th

Millions of new claims for unemployment benefits push the jobless rate to 20%

To nobody’s surprise, the Department of Labor reported Thursday that another 4.4 million Americans filed new claims for unemployment benefits in the week that ended April 18. That brings the seasonally adjusted new claims for the past five weeks to 26.3 million. That’s one out of six American workers. Add in the 5.8 million people who were already out of work when the massive […]

April 23rd