________
________
________
from Business Insider
LEFT-CENTER BIAS, HIGH, business news site in New York CityRoughly 20% of electric vehicle owners in California replaced their cars with gas ones, a recent study shows. The main reason drivers made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market. In roughly three minutes, you can fill the gas tank of a Ford Mustang and have enough range to go about 300 miles with its V8 engine. But for the electric Mustang Mach-E, an hour plugged into a household outlet gave Bloomberg automotive analyst Kevin Tynan just three miles of range. "Overnight, we're looking at 36 miles of range," he told Insider. "Before I gave it back to Ford, because I wanted to give it back full, I drove it to the office and plugged in at the charger we have there." Standard home outlets generally deliver 120 volts, powering what electric vehicle aficionados call "Level 1" charging, while the higher-powered specialty connections at 240 volts are known as "Level 2." By comparison, Tesla's "Superchargers," which can fully charge its cars in a little over an hour, run on 480 volts.
________
from Mises Institute
RIGHT-CENTER BIAS, MIXED
WHY DIDN'T CHINA INDUSTRIALIZE FIRST?
Historians still ponder why, despite its dominance in prior centuries, China failed to industrialize before Europe. Some contend that the culture of conformity engendered by Confucianism prevented the influx of disruptive ideas able to spark an economic revolution. Meanwhile, there are those who posit that the Chinese preferred employment in the government service, instead of pursuing commercial activities. Although there is a kernel of truth in these arguments such assumptions are insufficient to explain the sluggishness of China, relative to Western Europe.
RIGHT-CENTER BIAS, MIXED
WHY DIDN'T CHINA INDUSTRIALIZE FIRST?
Historians still ponder why, despite its dominance in prior centuries, China failed to industrialize before Europe. Some contend that the culture of conformity engendered by Confucianism prevented the influx of disruptive ideas able to spark an economic revolution. Meanwhile, there are those who posit that the Chinese preferred employment in the government service, instead of pursuing commercial activities. Although there is a kernel of truth in these arguments such assumptions are insufficient to explain the sluggishness of China, relative to Western Europe.
________
from The Spokesman-Review
Newspaper in Spokane, Washington
________
Starting in January 2022, working Washingtonians will be paying income tax. It won’t be called income tax. It will show up on pay stubs as a contribution to the Long-Term Services and Supports Trust Act fund. LTSS Trust contributions will start out at 0.58% of all W-2 wages, paid quarterly. Income from self-employment is exempt. There is already talk of raising the tax rate to keep the fund solvent. The LTSS Trust attempts to solve a very real problem. Too few people save adequately for old age. Nobody expects to need help. Nobody plans to live in a nursing home and few can afford it without Medicaid. And yet seven of every ten Washingtonians will eventually need support of some kind, whether in-home assistance, a nursing home or somewhere in between. According to a Washington DSHS briefing sheet supporting the Trust, 20 to 40 hours per week of home care costs $33,000 to $66,000 per year. Facility-based care runs from $69,000 to $131,000 annually. The LTSS Trust promises a maximum $36,500 lifetime benefit. That’s $100 a day for one year of home care, and it’s done. Or it might cover three to five months in a nursing home. As Grandpa used to say, it’s better than a sharp stick in the eye. But not by much.
________
No comments:
Post a Comment