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[1074392] Trump has delayed h 投稿者：BarryJeari 投稿日：2025/08/02(Sat) 18:41
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But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation and it has to do with the steeper cost of imported goods.
“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs at least so far, the 2024 paper said.
Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.
When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.
Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.
One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.
That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.
He drew a parallel between helping workers affected by higher imports and what is known as a just transition the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.
In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.
Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.
However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”
But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.
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Whilst Egypt’s summer heat increases its electricity demand, it could also offer a solution. The south of Egypt, where Scatec’s new project is breaking ground is “in the magic solar belt,” said Elgendy. According to the Global Solar Atlas, Egypt has the fourth-highest solar PV (photovoltaic) potential of any country.
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Historically, solar energy has been hampered by its intermittency solar panels only work during the day and large-scale battery storage has been too expensive. However, falling battery prices, combined with the lower operational and installation costs of solar power means that projects that combine solar generation with battery storage, like Obelisk, could overcome this problem.
Because of its size and prime location, Obelisk, Elgendy said, “can demonstrate value for the rest of the region, for the rest of the world, that ‘solar plus batteries’ can take away this primary weakness.”
The cost of battery storage projects has dropped by 89% between 2010 and 2023, driven by growing production capacity, especially in China. This drop, Elgendy said, means that by 2027 solar plus battery plants will be “the cheapest form of (any kind of electricity) generation.” A report by the Global Solar Council said that the availability of energy storage is a “major driver for increased solar installations globally.” However, whilst global battery storage capacity hit 363 gigawatt hours (GWh) in 2024, Africa only has 1.6 GWh.
Whilst battery prices have dropped and solar is cheap to operate, these plants still need large investments to build, and the money can be hard to find, Elgendy said, adding that the “risk premium” of investing in the developing world means that these projects are more expensive to build in Africa. The continent attracted only 3% of global energy investments in 2024.
Obelisk will receive $479.1 million in funding from the European Bank for Reconstruction and Development, the African Development Bank, and British International Investment. The first 561 MW of solar power and the full battery capacity are due to be online in the first half of 2026, and reach the full 1.1 gigawatt capacity by the end of the year.https://pinup-download.in/best-casino/
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[1074386] Young indigenous ka 投稿者：Albertspisa 投稿日：2025/08/02(Sat) 18:05
- Ruby Williams’ birthday was not your average 18th. She celebrated it on the Klamath River, with a group of young people making a historic journey paddling from the river’s headwaters in southern Oregon to its mouth in the Pacific Ocean, just south of Crescent City, California. It marked the first time in a century that the descent has been possible, after the recent removal of four dams allowed the river to flow freely.
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Williams, together with fellow paddler Keeya Wiki, 17, spoke to CNN on day 15 of their month-long journey, which they are due to complete on Friday. At this point, they had just 141 miles (227 kilometers) of the 310-mile (499 kilometer) journey left to go and had already passed through some of the most challenging rapids, such as those at the “Big Bend” and “Hell’s Corner” sections of the river.
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Both were exhausted and hadn’t showered in days although they promised they “aren’t completely feral.” However, despite tired minds, they were steadfast in their commitment.
“We are reclaiming our river, reclaiming our sport,” said Williams.
“We are getting justice,” Wiki, who is from the Yurok Tribe, added. “And making sure that my people and all the people on the Klamath River can live how we’re supposed to.”
The Klamath River runs deep in the cultures of the native peoples living in its basin, who historically used dugout canoes to travel along it. They view it as a living person, a relative, who they can depend on and in turn protect.
“It’s our greatest teacher, our family member,” said Williams, who is from the Karuk Tribe, which occupies lands along the middle course of the Klamath. “We revolve ceremonies around it, like when the salmon start running (the annual migration from the sea back to freshwater rivers to spawn), we know it’s time to start a family.”
Historically, it was also a lifeline, providing them with an abundance of fish. The Klamath was once the third-largest salmon-producing river on the West Coast of the US. But between 1918 and 1966, electric utility company California Oregon Power Company (which later became PacifiCorp), built a series of hydroelectric dams along the river’s course, which cut off the upstream pathway for migrating salmon, and the tribes lost this cultural and commercial resource.
For decades, native people such as the Karuk and Yurok tribes demanded the removal of the dams and restoration of the river. But it was only in 2002, after low water levels caused a disease outbreak that killed more than 30,000 fish, that momentum really started to build for their cause.
Twenty years later, the Federal Energy Regulatory Commission finally approved a plan to remove four dams on the lower Klamath River. This was when Paddle Tribal Waters was set up by the global organization Rios to Rivers to reconnect native children to the ancient river. Believing that native peoples ought to be the first to descend the newly restored river, the program started by teaching local kids from the basin how to paddle in whitewater. Wiki and Williams were among them neither had kayaked before then.https://kra--36---cc.ru
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