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Why the Doom-and-Gloomers Are Always Wrong

From the energy crisis of the 1970s to pollution, famine, climate change and the next ice age, doom-and-gloomers are always predicting the “next big crisis.”
Today, Nicholas Vardy explains what history has shown us about these doomsday predictions.

I remember joining my high school debate team as a lowly freshman in the late 1970s.
Each year, high school teams across the country debated the designated topic of that academic year.
The topic in my first year was the energy crisis – and how we could best solve it.
I never went on to have great success as a debater.
But I did take away a valuable …read more […]

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Tesla settles with Walmart over solar panel installations, fires

Walmart Inc has agreed to settle its legal dispute accusing Tesla Inc of negligence in the installation of solar panels atop hundreds of its stores, resulting in at least seven fires. Walmart had sued Tesla in August, accusing its Tesla Energy affiliate of “widespread, systematic negligence” in the installation of solar panels, and asking that the panels be removed from more than 240 stores. …read more […]

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Peloton Tumbles as Wall Street Seeks Signs of Path to Profit

(Bloomberg) — Peloton Interactive Inc. tumbled after frustrating investors with a focus on growth rather than profitability.“For us, profitability is a managed outcome,” Chief Executive Officer John Foley said on a call with analysts. “I believe if we pulled back on growth, we could be profitable tomorrow, but that is not what the board and the leadership of Peloton believes we should do.”The stock sank following the call, after being up more than 7% in early trading when the earnings were published.Wall Street is increasingly looking for realistic paths to profitability over growth-at-all-costs. Investors have shunned other IPOs this year …read more […]

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Nio, Mobileye partner on self-driving consumer passenger cars in China

Under the agreement, Nio will manufacture and produce at mass scale a self-driving system designed by Mobileye, which will be integrated into Nio’s electric-vehicle consumer lines, as well as Mobileye’s driverless ride-hailing services. The self-driving kit provided by Israel-based Mobileye includes the vision processing chip, camera, radar and lidar sensors, as well as safety and mapping software. …read more […]

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SpaceX brings Musk back on Twitter, days after quitting

Just three days after the billionaire announced that he was going offline, Tesla Inc’s chief executive officer went back on Tuesday with a handful of tweets promoting a successful test by his rocket company, SpaceX. Last Friday, Musk tweeted he was going offline, after questioning “the good” of the micro-blogging site. Musk has a history of being playful with his Twitter account, one of corporate America’s most-watched. …read more […]

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UPDATE 1-Boeing CEO Muilenburg 'has done everything right,' says chairman

Boeing Co Chairman Dave Calhoun said on Tuesday the company’s board believed Chief Executive Dennis Muilenburg “has done everything right,” just days after he came under attack from U.S. lawmakers and repeatedly refused to step down at a hearing on two fatal crashes involving Boeing 737 MAX airliners. “He has our confidence,” Calhoun said in a CNBC interview, adding that Muilenburg called him on Saturday and offered to give up much of his compensation for 2019. The board had stripped Muilenburg of his chairman title last month. …read more […]