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THIRTY TWO U.S. COASTAL CITIES INCLUDING SOME WITH PORTS WILL FACE SEA LEVEL RISE THREAT BY 2050

Source Nature Magazine March 6, 2024 By Kevin Policarpo A new study has pinpointed likely flooding levels due to sea level rise that will impact thirty-two U.S. coastal cities by 2050, many of which contain ports. The thirty two coastal cities examined in the study are: U.S. Atlantic coast: Boston, MA; New York City, NY; Jersey City, NJ; Atlantic City, NJ; Virginia Beach, VA; Wilmington, NC;...

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Articles

SEA LEVEL RISE THREATENS $1 TRILLION U.S. REAL ESTATE LOSS

 “Pathways limiting global warming to 1.5°C …. would require rapid and far-reaching transitions in energy, land, urban and infrastructure (including transport and buildings), and industrial systems…. These systems transitions are unprecedented in terms of scale.…”[1]     This 2018  National Oceanic and Atmospheric Administration (NOAA) outlook predicts an above-average number of high-tide...

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SPACE X WILL BUILD NEW MARS ROCKETS AT THE PORT OF LOS ANGELES

This artist's rendering shows SpaceX's proposed BFR rocket and spaceship system, which will be built at the Port of Los Angeles. (SpaceX) BY STAS MARGARONIS Space X, the Elon Musk company, will be building a new rocket factory at the Port of Los Angeles for rockets capable of travelling to Mars. Space X (Space Exploration Technologies Corporation) chose the Port of Los Angeles because the...

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Toyota Wins Port of Long Beach Approval for Fuel Cell Powered Auto Terminal

By Stas Margaronis Toyota is pioneering the path toward hydrogen fuel cell/zero emissions transportation. From the passenger car, the Mirai, to the heavy-duty truck, Toyota is demonstrating the viability, versatility and scalability of the hydrogen fuel cell powertrain. Toyota has won approval to build its first zero emission auto terminal at the Port of Long Beach powered by hydrogen fuel...

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REVIEW OF STRATHERN’S THE MEDICI: HOW BANKERS PROMOTED THE RENAISSANCE & FLORENCE

  BY STAS MARGARONIS Paul Strathern’s book The Medici: Godfathers of the Renaissance, chronicles how Renaissance sculptors, painters and architects were promoted and financed by visionary bankers who also assumed the political leadership of Florence. Beginning in the fourteenth century, Florence benefitted from the growth of the wool trade that required bankers to advance credit for...

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Greece: The Failure of Austerity

By Stas Margaronis European Union mandated cutbacks in Greek government services and spending are winding down. However, the impact to the country  has been devastating and could leave Greece in recession for years. After the 2008 economic crisis, the European Union mandated the cutbacks so that Greece would repay debts that it owed banks. In contrast, Portugal, which began to resist cutbacks in...

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FIRST US-BUILT ZERO EMISSION FUEL CELL FERRY WILL SAIL ON SF BAY IN 2019

BY STAS MARGARONIS The first hydrogen fuel cell powered vessel built in the United States will sail on the San Francisco Bay in 2019 and it will generate zero emissions. The vessel is a ferry and is primarily financed by a $3 million grant provided by the California Air Resources Board (CARB). The ferry is a 70-foot aluminum catamaran that will sail at a 22-knot top speed. The vessel is powered...

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ABB/BALLARD ZERO EMISSION FUEL CELLS COULD REPLACE SHORE POWER REQUIREMENTS FOR SHIPS AT PORTS

Photo: ABB BY STAS MARGARONIS The recently announced ABB (ASEA Brown Boveri) and Ballard Power Systems collaboration will build zero emission fuel cell modules that can eliminate the need for costly shore power installations for ships at ports and provide zero emission marine power. A Ballard spokesman said that “ABB is very much interested in providing fuel cell modules for the cruise ship...

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Book Review: China’s Great Wall of Debt by Dinny McMahon

China’s Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle Book Review by Stas Margaronis   In the book, Red Capitalism; The Fragile Financial Foundation of China’s Extraordinary Rise,  authors Carl Walter and Fraser Howie warned about the growing risk of Chinese banks and financial institutions supporting a rising tide of bad debt so as to maintain...

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TESLA COOPERATION WITH WORKERS IS CRITICAL TO PRODUCTION TURN-AROUND

By Stas Margaronis, RBTUS Elon Musk’s disrespectful response to financial analysts’ questions about Tesla’s financial viability, last week, was a shock to people used to his adept communications skills. Musk Defensive Response To Capital Spending Questions The sudden inability to tolerate mild questioning may worry those who have applauded Musk’s re-establishment of U.S. manufacturing and...

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MUSK & TESLA MUST BRIDGE WORKER DIVIDE JUST LIKE FORD IN 1914

BY STAS MARGARONIS   Elon Musk is facing the most serious crisis of his career as he struggles to increase production of his Tesla Model 3 electric cars or face possible bankruptcy. Allegations that Musk and Tesla have tolerated unsafe working conditions at its Fremont, CA plant and have fired workers seeking representation by the United Autoworkers (UAW) may be contributing to the...

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