• State Farm’s California Pullout: What It Means for Climate Adaptation and Communities

    State Farm recently announced that it will no longer be offering new insurance policies to homeowners in California. The company made it clear that it no longer made financial sense to continue covering properties in the state due to its growing risk of wildfires, in addition to other challenges. State Farm is not alone in its departure; nor is California the only state in the red zone. As climate change magnifies the risks and impacts of disasters like wildfires, hurricanes, and floods, the insurance industry is being forced to shift strategies.

  • Why Do We Believe Compulsive Liars? What Makes Them Tick?

    One of the fascinating aspects concerning the saga of convicted entrepreneur Elizabeth Holmes and recently indicted New York Congressman George Santos is how long they got away with lying to investors, patients, voters, and the public. Given the sheer number of prevarications each of them employed, shouldn’t observers, even casual ones, have caught on to them sooner?

  • 150 Hydrogen-Powered Trucks Ready to Roll on European Roads

    Truck manufacturers Daimler Truck, Volvo Group, and Iveco have joined with fuel manufacturers and academic researchers to make heavy transport across Europe more climate friendly. The result: The first of a total of 150 hydrogen-powered trucks will start rolling on European roads next year.

  • First Hydrogen Filling Station Opens in Israel

    Israel’s first hydrogen fueling spot has opened, heralding the start of clean hydrogen-based transportation in Israel. Pioneering project enables a shift to non-polluting hydrogen fuel cell-based vehicles.

  • Why Insurance Companies Are Pulling Out of California and Florida, and How to Fix Some of the Underlying Problems

    When the nation’s No. 1 and No. 4 property and casualty insurance companies – State Farm and Allstate – confirmed that they would stop issuing new home insurance policies in California, it may have been a shock but shouldn’t have been a surprise. It’s a trend Florida and other hurricane- and flood-prone states know well. Insurers have been retreating from high-risk, high-loss markets for years after catastrophic events. As losses from natural hazards steadily increase, research shows it’s not a question of if insurance will become unavailable or unaffordable in high-risk areas – it’s a question of when.

  • U.S. Temporary Foreign Worker Visa Programs

    Temporary foreign workers have long supported the U.S. economy, providing American industries, such as agriculture and technology, with a critical labor force, and the United States accepts hundreds of thousands of foreign workers each year. Persistent U.S. labor shortages, accusations of abuse, an influx of undocumented immigrants, and pushback from domestic labor groups have reenergized the debate over the scale of these programs.  President Biden has expanded the capacity of some programs, including by streamlining the application process, but more ambitious efforts have stalled in Congress.

  • Where Professionals Want to Migrate within the European Union

    As a driving force of economic, demographic, social, and political change, migration is a top priority for policymakers, but studies were often hampered by incomplete statistics and outdated data. A new study assessing migration interest found that fewer professionals from countries in Northern, Southern, and Western Europe want to move east. But Eastern Europe’s appeal might change in the coming years.

  • With $1.4 Billion investment, Texas Hopes to Sprint to the Front of the Microchip Manufacturing

    Microchips are increasingly present in every day life, from phones and laptops to cars and washing machines. Gov. Greg Abbott approved last week a stimulus package in an effort to shore up the supply chain after the pandemic’s disruptions.

  • The Microchip Industry Would Implode if China Invaded Taiwan, and It Would Affect Everyone

    Taiwan plays a critical role in the conflict between the US and China over computer chips. Taiwan has a huge share of the global semiconductor industry, but is also the focus of tensions between Beijing and Washington over its political status. If China invaded Taiwan, the global semiconductor industry would freeze, inflation would spiral further upwards, the post-COVID recovery would be reversed, and many of the tools we rely on would disappear from our shops for years.

  • Operator of “Bulletproof Hosting” Service Which Distributed Destructive Malware Sentenced to Three Years in Prison

    A Romanian national who operated a “bulletproof hosting” service was sentenced to three years in prison and ordered to forfeit $3,510,000. The bulletproof hosting was used to facilitate the distribution of the Gozi Virus, the Zeus Trojan, the SpyEye Trojan, and the BlackEnergy malware, all of which were designed to steal confidential financial information.

  • First New U.S. Nuclear Reactor in 40 Years is Up and Running

    After years of delays, Plant Vogtle project goes online in Georgia. The completion of the first of two new reactors at the plant is a major milestone not just for the long-delayed project but for nuclear energy in the United States. There are currently no other nuclear reactors being built in the United States.

  • China Extends Its Lead Over U.S. in Key Technologies

    Western democracies are losing the global technological competition, including the race for scientific and research breakthroughs, and the ability to retain global talent—crucial ingredients that underpin the development and control of the world’s most important technologies, including those that don’t yet exist.A new report from the Australian Strategic Policy Institute (ASPI) finds that China’s global lead extends to 37 out of 44 technologies that ASPI is now tracking. These findings should be a wake-up call for democratic nations, who must rapidly pursue a strategic critical technology step-up.

  • The Executive Order on Commercial Spyware: Implications and Prospects

    The growing national security threat from misuse of commercial spyware is increasingly being recognized. The US has been taking the lead in addressing the growing menace of unregulated spyware companies and the proliferation of intrusive tools. The Biden administration’s latest Executive Order will ensure that commercial spyware firms will be subjected to unprecedented scrutiny.

  • Cost of Climate Change-Driven Natural Disasters Includes Losses of Learning, Earnings

    A new study finds that the human capital consequences of natural disasters, linked to climate change, are a significant factor contributing to economic inequality.

  • Amid Fears of Chinese Influence, the Committee on Foreign Investment in the United States Has Grown More Powerful

    The Committee on Foreign Investment, a U.S. government interagency committee established in 1975 by President Gerald Ford, is tasked with studying and coordinating the implementation of policy on foreign investment in America.The primary objective of the committee is to review selected foreign investments and some real estate transactions by foreigners in the U.S. for their national security implications.