Independent thinking for complex markets and current events
This week, the municipality of Lorca in Murcia, Spain, has been hit by a series of severe floods, following torrential rains that led to widespread damage, road closures, and multiple emergency rescues. The situation has prompted authorities to raise the alert level and consider requesting official disaster relief.
An unexpected and severe hailstorm struck multiple cities in Guangdong and Fujian between March 3 and March 4, 2025, causing widespread damage to vehicles, buildings, and infrastructure. The China Meteorological Administration had issued a yellow alert for severe convective weather, warning residents of the impending storm. The channel lists such natural disasters as: 1) Geological …
When it debuted a few years ago, Porsche’s Taycan broke records and shattered expectations of what an EV could be. Since then, though, times have changed, and public sentiment for EVs has cooled. Most recently, a perfect storm of variables has led to Porsche continuing to develop gas engines for many of its models and …
Credit card companies wrote off $46B in seriously delinquent loan balances in just the first 9 months of 2024. 50% increase YoYHighest in 14 years pic.twitter.com/IH3yW47xHq — Darth Powell (@VladTheInflator) January 3, 2025 Linkhttps://t.co/wD6lnwO923 — QE Infinity (@StealthQE4) January 3, 2025 Auto loan delinquency rates are at their highest in more than a decade, per …
🚨#BREAKING: A small plane makes a emergency landing and crashing into multiple cars on a busy interstate ⁰📌#Victoria | #Texas Emergency crews are on the scene in Victoria, Texas, after a small plane crashed into three vehicles at a busy intersection. Video footage shows… pic.twitter.com/wA1pR49yhb — R A W S A L E R T …
NYC’s living costs are so high, average every day people are being forced to chose between living in apartments and going broke, or moving into a vehicle like an abandoned van or an RV to save money.
Many Americans are car poor. A recent Edmunds report found a disturbing trend: An increasing number of consumers with auto loans had negative equity, meaning they owe more on their vehicle than it’s worth — a lot more. As of the third quarter that ended Sept. 30, Edmunds said 24.2 percent of trade-ins applied toward …
Higher Taxes: Labour plans to raise taxes on North Sea oil and gas producers. Specifically, they intend to increase the existing windfall taxes from the current 75% to 78%. This move aims to fund their ‘green prosperity plan’, which includes investments in renewables through a state-owned vehicle called Great British Energy. Ban on New Licenses: Labour has pledged …
Bentley Motors is pushing back its plans to transition to all-electric vehicles by a couple of years amid changes in market conditions and a delay in its first EV. CEO Adrian Hallmark said the carmaker remains committed to carbon neutrality and exclusively offering EVs, but it now plans to continue offering plug-in hybrids past 2030. …
New York Post (via MSN): Electric vehicles release more toxic particles into the atmosphere and are worse for the environment than their gas-powered counterparts, according to a resurfaced study. The study, published by emissions data firm Emission Analytics, was released in 2022 but has attracted a wave of attention this week after being cited in …
STOCKHOLM—Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely—the latest EV retrenchment by the global auto industry. The auto industry’s pivot to electric vehicles has been rocked by setbacks this year, just as a flood of new battery-powered models is hitting showrooms. Earlier this …
by Mike Shedlock Amazon and Hyundai launch a broad, strategic partnership—including vehicle sales on Amazon.com in 2024. New Strategic Partnership Last month, Amazon announced a New Strategic Partnership with Hyundai. In 2024, auto dealers for the first time will be able to sell vehicles in Amazon’s U.S. store, and Hyundai will be the first brand available …
In Eagle Pass, Texas, a ground-level video reveals an unprecedented influx of thousands of migrants awaiting Border Patrol processing after illegal crossings. The situation, described as unparalleled by an individual with extensive experience in the region, underscores the magnitude of the current migration challenges. Adding to the complexity, the Biden administration’s decision to shut down …
CIA mouthpiece, The Washington Post, is promoting 15-Minute cities in the suburbs, which is what the UN and World Economic Forum have promoted for some time. It begins with this cheery message: Cities are in a hurry. Many are declaring themselves 15-minute metros, promising access to housing, shopping, schools, and jobs within a 15-minute-or-so walk, …
EVs are less reliable than conventional vehicles, Consumer Reports says Electric vehicles have nearly 80% more problems and are generally less reliable than cars propelled by conventional internal combustion engines, according to a new report from Consumer Reports. Consumer… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 30, 2023 via MSN: Electric vehicles have nearly 80% more …
A freight train operated by Union Pacific Railway, hauling heavy military vehicles, derailed near downtown Colorado Springs Monday night. Local news KKTV 11 reported eight train cars hauling heavy military equipment derailed along Las Vegas Street, just south of Circle Drive, around 1830 local time. Happening Now At approximately 6:30 PM on Monday, October 9, …
Staten Island residents are complaining to police and elected officials that their streets are turning into a “demolition derby” as unlicensed drivers without insurance are driving unregistered vehicles and causing accidents near migrant shelters. Residents near the former St. John Villa Academy in Arrocha are fearful of driving in their own neighborhood as illegal border …
via YAHOO: The state of California is looking seriously at instituting or allowing local governments to institute zero-emission zones in the near future. In preparation for such a move, the California Air Resources Board (CARB) reportedly is gathering information about classic cars and how their owners use them. We knew something like this was coming …
snippet Police have executed search warrants in a number of Sydney suburbs as they take advantage of strengthened laws to crack down on unexplained wealth. More than $7 million worth of luxury items such as cars, handbags and watches have been seized as police crack down on unexplained wealth in New South Wales. Detectives from …
by Dismal-Jellyfish https://www.federalreserve.gov/releases/g20/current/g20.pdf In June 2023, the total outstanding amount owed was approximately $1,850.9 billion dollars–up 14.7% from May! In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For used cars, 15.7% with 66 months financing at $23,537. Wut Mean?: Folks and businesses are …
Motor Trend ran a story, “What Happens When a Rivian EV Runs Out of Battery Charge?” Well, anyone with a laptop or cellphone knows what happens. You are SOL for a long time, buddy. But the story inadvertently pointed out another problem with electric cars is the lack of infrastructure to care for them. But just add …
They got them… The Federal Communications Commission issued a $300 million fine – it’s largest ever – against a robocall operation offering extended vehicle warranties. The FCC earlier had devised a plan with cell phone companies to block five billion of the unwanted calls, according to FCC Chairwoman Jessica Rosenworcel. It helped decrease the number …
Leading electric car manufacturer Tesla programmed its dashboards to exaggerate how far the vehicles can drive on a single charge, and canceled service appointments for customers who noticed their cars’ range was shorter than expected, a report by Reuters found Thursday—the latest Tesla feature to face scrutiny. Key Takeaways Tesla programmers rigged the cars’ range-estimating software to …
by Chris Black Electric vehicles are literally the most retarded thing ever. Batteries can not be extinguished. You can’t even transport these cars; they just blow up. Imagine driving one and knowing that at some point it is going to blow up and you’ll be burned alive. >Crew evacuated, 16 injured, 1 dead. >New reports …
This dude tried to rob and stab an Uber driver than tried to escape on the highway pic.twitter.com/QDeNTPUbJs — Wild content (@Nocapmedia) July 20, 2023 A Lyft driver was stabbed by a crazed passenger who tried to steal his black Tesla on the FDR Drive in lower Manhattan on Tuesday, cops and police sources said. …
