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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.
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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.
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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.
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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change, migration is a top priority for policymakers, but studies were often hampered by incomplete statistics and outdated data.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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Allowing Financial Trading in California's Wholesale Electricity Market Significantly Reduces Volatility: Study
Allowing trading in California’s electricity market led to a reduction in the implicit cost of trading day-ahead/real-time price differences, the volatility of these price differences, and the volatility of real-time prices. In addition, operating costs and fuel use fell on days after the introduction of purely financial participation.
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Global Flash Droughts Expected to Increase in a Warming Climate
The rapid development of unexpected drought, called flash drought, can severely impact agricultural and ecological systems with ripple effects that extend even further. Researchers are assessing how our warming climate will affect the frequency of flash droughts and the risk to croplands globally.
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U.S. Reliance on Chinese Drones: A Sector for the Next CHIPS Act?
More and more lawmakers from both parties are beginning to pay attention to the issue of drones and national security. Different bills seek to regulate federal agency procurement and use of certain foreign-made unmanned aircraft systems (UASs), or drones. Annie I. Antón and Olivia C. Mauger write that “Building on the bipartisan consensus to enact the 2022 Creating Helpful Incentives to Produce Semiconductors and Science (CHIPS) Act, there is a compelling case that UASs should be a next sector for similar action.”
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More headlines
The long view
Factories First: Winning the Drone War Before It Starts
Wars are won by factories before they are won on the battlefield,Martin C. Feldmann writes, noting that the United States lacks the manufacturing depth for the coming drone age. Rectifying this situation “will take far more than procurement tweaks,” Feldmann writes. “It demands a national-level, wartime-scale industrial mobilization.”
Trump Is Fast-Tracking New Coal Mines — Even When They Don’t Make Economic Sense
In Appalachian Tennessee, mines shut down and couldn’t pay their debts. Now a new one is opening under the guise of an “energy emergency.”
Smaller Nuclear Reactors Spark Renewed Interest in a Once-Shunned Energy Source
In the past two years, half the states have taken action to promote nuclear power, from creating nuclear task forces to integrating nuclear into long-term energy plans.