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March 17, 2017
A growing tech industry is often considered the ultimate sign of a healthy local economy. By that measure, the Bay Area still stands at the top of the heap in the United States, but our survey of the metropolitan areas with the strongest tech job growth turns up some surprising places not usually thought of as tech meccas.
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March 17, 2017
"Germany’s greenhouse gas emissions rose last year, according to a new report. CO2 levels rose by 4 million tons in 2016 (0.7 percent), which means Berlin will have to reduce those levels by 40 million tons over the next three years in order to meet the country’s 2020 climate targets. As the FT reports, the country’s opposition Green party (who sponsored the study) is blaming an increase in vehicle miles traveled for the emissions increase . . . The Greens also blamed a pick-up in oil consumption, driven by an expanding economy: German gross domestic product rose 1.9 per cent last year, its fastest pace in five years. They said higher consumption of diesel was also a factor. Imagine that, Greens inveighing against economic progress. If you need a reminder of how politically toxic and counterproductive environmental dogma can be, look no further than this example."
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March 16, 2017
With GDP growth of 2.6% and the overall carbon intensity of the economy (CO2/GDP) declining by about 5.2%, energy-related CO2 declined by 2.7%.
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March 16, 2017
Although automakers had agreed to a 50-state standard, Trump’s unexpected victory last year gave them an opening to plead that the 2022-25 rules are unrealistic. During an era of historically low fuel costs, motorists are opting for SUVs and other relatively low-mileage vehicles, which also are the most profitable to produce and sell.
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March 16, 2017
"In places such as New York and San Francisco, which offer the greatest array of high-paying jobs, rents and home prices have shot up beyond the reach of many young workers. The squeeze has even affected the Bay Area’s amply compensated technology workers, whose salaries often aren’t enough to offset the rapidly rising rents and housing costs. Technology workers who own a home in Seattle, by contrast, can expect to have about $2,000 more of disposable income left over each month after paying housing costs and taxes than those who live in San Francisco, according to a new analysis by Zillow and LinkedIn Corp. released Thursday."
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March 17, 2017 / John Kotkin and Mark Schill