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The BRICS Expansion and the Global Balance of Power
In early September, the BRICS group of five countries with emerging economies announced it would expand its ranks by six nations. This would loosely link together countries representing about 30 percent of global GDP and 43 percent of global oil production. MIT political scientist Taylor Fravel examines the potential and limitations of a bigger BRICS group of countries — and what it means for the U.S.
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U.S., Latin America to Boost Cybersecurity
Countries up and down the Western Hemisphere are looking to eliminate weaknesses in their cyber infrastructure that could give potential adversaries, including China and Russia, the ability to do extensive damage by exploiting a single vulnerability.
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Germany: Copper Theft Hits Critical Infrastructure, Business
Metal theft by criminal gangs in Germany is alarming the public and businesses. This year, the newspaper found, copper thefts have already led to 2,644 train delays, totaling well over 700 hours. The disruptions will worsen as copper prices rise.
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Tech War: Is Huawei's New Chip a Threat?
The US-China chip war is heating up after Huawei launched a new phone featuring technology that Washington was hoping to keep out of China’s reach: China’s largest chipmaker SMIC has surprised the West by creating a homegrown 7nm chip. Will the United States respond with more sanctions?
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Climate Risks Place 39 Million U.S. Homes at Risk of Losing Their Insurance
From California to Florida, homeowners have been facing a new climate reality: Insurance companies don’t want to cover their properties. According to a report released today, the problem will only get worse. “Sound pricing is going to make it unaffordable to live in certain places as climate impacts emerge,” says one expert.
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U.S. Investment in Semiconductor Manufacturing: Building the Talent Pipeline
To reverse the three decade long decline in the United States’ share of semiconductor manufacturing, a concerted effort is required. Right now, the United States does not have the talent pool to support the ambitious goals of the August 2022 CHIPS Act.
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How Do We Dismantle Offshore Oil Structures Without Making the Public Pay?
More than 12,000 offshore oil and gas installations straddle the globe, and industry analysts anticipate annual offshore oil and gas investments to reach $173 billion by 2024. A number of oil companies are expected to significantly expand their offshore drilling activities in the coming years. At the same time, many jurisdictions face a growing need to dismantle offshore infrastructure, whether because it is aging, the resources are depleted, or mandated net-zero strategies require some installations to be decommissioned earlier than expected.
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A Review of NIST’s Draft Cybersecurity Framework 2.0
Cybersecurity professionals, and anyone interested in cybersecurity, have noted that the gold standard of cybersecurity is getting a needed polish. “But all that glitters is not gold,” Melanie Teplinsky writes. NIST’s voluntary cybersecurity framework leaves organizations vulnerable to the nation’s most capable cyber adversaries. NIST’s proposed overhaul won’t change that.
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Apple and Google Are Introducing New Ways to Defeat Cell Site Simulators, But Is it Enough?
Cell-site simulators (CSS)—also known as IMSI Catchers and Stingrays—are a tool that law enforcement and governments use to track the location of phones, intercept or disrupt communications, spy on foreign governments, or even install malware.
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Large Lithium Deposits Discovered in a Caldera on the Nevada-Oregon Border
Geologists estimate that about 20 to 40 million tons of lithium metal – among the world’s largest deposits – are available in the McDermitt Caldera on the Nevada-Oregon border. “If you believe their back-of-the-envelope estimation, this is a very, very significant deposit of lithium,” says one expert. “It could change the dynamics of lithium globally, in terms of price, security of supply and geopolitics.”
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Do Gulf States Investments in the West Pose a Threat?
From football clubs to phone companies, Gulf Arab states are on an investment binge in the West, thanks to high oil prices. Several analysts have warned that the pervasiveness of Chinese snooping technology in the Middle East will likely pose additional security concerns for the West.
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Railroads May Use Their Monopoly Power to Buffer Coal Plants from a Carbon Emissions Tax
Railroads are likely to cut transportation prices to prop up coal-fired plants if U.S. climate policies further disadvantage coal in favor of less carbon-intensive energy sources. A new study argues that “If policymakers ignore real distortions in the market, like monopoly power in rail shipping, their climate policy efforts may not achieve the intended results.”
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The Inside Story of How the Navy Spent Billions on the “Little Crappy Ship”
Littoral combat ships were supposed to launch the Navy into the future. Instead they broke down across the globe and many of their weapons never worked. Now the Navy is getting rid of them. One is less than five years old.
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U.S. Chip Sales to China to Continue, but Not Most Powerful Ones
The United States will continue to sell semi-conductor computer chips to China but not its most powerful ones “that China wants for its military,” Commerce Secretary Gina Raimondo said. While the United States and China maintain more than $700 billion in annual trade, escalating tensions in recent years have made it more challenging for U.S. firms to operate in China.
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Watching Trends: Helping the NRC Model Risk and Reliability
Nuclear power accounts for 0.03 deaths per terawatt-hour of electricity generated, when including both accidents and deaths due to air pollution. This fatality rate is a factor of 820 lower than electricity produced using coal. One reason U.S. nuclear power plants have such an impressive safety record is that utilities embrace a safety culture, one that uses probabilistic risk assessments, also known as PRAs.
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More headlines
The long view
Not Just Beijing’s Doing: Market Factors Are Also Hitting Rare Earths Prices
Have depressed rare earths prices been engineered by the Chinese state to snuff out non-Chinese rivals before they get going? Or do they simply reflect a weak market, with demand rising more slowly than was expected by the promotors of a slew of new projects?
Emerging Threats to the U.S. Financial System
In early 2021, a freewheeling, freethinking group of investors on Reddit plowed their money into GameStop, a video game retailer that several big hedge funds had bet against. The stock price shot up, some people made millions—and, to the delight of those on Reddit, the hedge funds had some very bad days. Researchers saw the GameStop story as a cautionary tale. If investors on Reddit could work together to move the markets like that, what could an adversary like China do?