Author: EconLearner
Los Angeles Mayor Karen Bass announces the end of the city’s electricity from coal.Alan Ohnsman via ForbesLos Angeles has officially stopped using coal-generated electricity and is set to fire up its first large-scale green hydrogen and natural gas power plant as the second-largest US city works to get all its energy from carbon-free sources by 2035. “I can officially say that Los Angeles is no longer powered by coal-fired power,” Mayor Karen Bass said at a briefing Thursday, joined by the head of LADWP, the nation’s largest municipal utility, and other officials. “Last week, the Intermountain Power Project in Utah…
The cover of Time magazine’s special issue focusing on Davos, 2023. Courtney HardingIn January 2023, I stepped off a train in Davos, Switzerland, to speak and help launch a program called Whose Metaverse. Within five minutes of arriving at my hotel, someone handed me the special commemorative issue of Time Magazine, which featured various World Economic Forum dignitaries wearing virtual reality headsets and the slogan “Davos Meets the Metaverse.” Whose Metaverse launch event praised Semaphore and mocked by Shale; the board was packed and the buzz was loud. The metaverse was the wave of the future, the way we would…
Financial Peace: Why the ‘Sleep Test’ is Your Most Important Money Metric We’re obsessed with complex financial metrics, but …
A new law hopes to put an end to confusing tax notices from the IRS.gettyTired of confusing IRS notices? You could see a difference in some notices, thanks to the Internal Revenue Service Math and Taxpayer Assistance Act (HR 998), which was signed into law this month. The new law has been widely praised by the National Taxpayer Advocate as a long-term step toward clearer and fairer IRS communication with taxpayers.The IRS Math Act requires the IRS to change the format of millions of “math error” notices. Although these notifications are intended to quickly handle simple errors, they have often…
The new Sendy Egret Planar-Magnetic Headphones feature one of the most advanced membranes the company has ever developed.SENDYSend audio revealed her latest audio creation today. The all-new Egret headphones have been designed from the ground up to deliver precision, refinement and comfort. These new headphones feature a newly developed nanoscale diaphragm produced using an advanced manufacturing process. The drivers are then housed in Sendy’s signature handcrafted wooden earcups. At the heart of the Egret headphones are specially designed planar magnetic drivers with impressive dimensions of 98 x 84 mm. Sendy says these drivers are his most ambitious design to date.…
Among other troubling signs, more borrowers are finding themselves with loan balances that exceed the market value of their homes.gettyThe Intercontinental Exchange (ICE) recently produced a report that sparked a lot of coverage from paywalled financial blogs. Coverage focused on the number of underwater mortgages in the country, citing a number approaching 900,000. It’s worth a look in the actual exhibitionwhich does not state the number of 900,000 but instead shows the number of 875,000 mortgages, about 1.6% of all mortgages have negative equity. The report isn’t sounding any alarm bells, but the rising number of these mortgages is a…
Discreet dog books published in 2025 can make great holiday gifts for dog lovers. gettyDogs are a special breed. We are at one of life’s great truths: dogs are amazing and can make our lives infinitely better.Many of us also love to read books that celebrate and educate us about man’s best friend. So if you’re making holiday shopping lists for dog lovers, here are five 2025 books by authors whose love of the genre shines through on nearly every page—and will delight the dog lovers in your life.The cover of “Dog Affirmations: An Illustrated Journey Through Your Dog’s Thoughts,”…
The IRS has released some guidance on the new Trump accounts, including details on the $1,000 pilot program for new babies.gettyThe IRS has released new guidance on Trump accounts, a new type of individual retirement account (IRA) for eligible children created under the One Big Beautiful Bill Act (OBBBA).What are Trump accounts?Trump accounts are a new type of retirement savings account created by Congress as part of the OBBBA. According to the OBBBA, a Trump account can be opened for any qualifying child under the age of 18 at the end of that calendar year. A qualifying child must have…
AI has boosted the fortunes of US tycoons like Google parent Alphabet’s Sergey Brin and Nvidia’s Jensen Huang to stratospheric levels—and now it’s boosting Chinese tycoons, too. Wang Weixiu, founder of Zhongji Innolight, has seen his own net worth rise 400% this year to $13 billion as demand for his company’s optical devices soars.Wang, who stepped down as chairman of Zhongji Innolight in 2023, still derives his net worth largely from a stake in the company, according to Forbes estimates. The 75-year-old had a fortune of $2.6 billion when Forbes tallied his fortune for the World’s Billionaires List in March.…