A new NOAA-led study has found that hurricanes, typhoons and tropical cyclones are at their most destructive about 90 miles farther north or south of the equator than three decades ago.
Believe it or not, house flipping is back with the housing recovery. And while there’s money to be made from flipping houses, there's also money to be made from selling things to would-be flippers. Flipping workshops are crowded again.
At a recent workshop just outside Baltimore on a recent Saturday, Terry Royce, who’s been flipping houses for seven years, was sharing some of his secrets. Everything from how to find a seller, or a buyer, even time management tips.
“I always like to say, this is work, stuff gonna go wrong," he said later. "It is. And it’s the reality.”
It was Royce’s first workshop. He charged $97 for a morning seminar and afternoon bus tour of some homes that are being flipped.
Zane Watkins was among those on the bus. He said he’d been to four or five other workshops, one that cost him and his wife $300 and ended with a hard sell for another series of seminars.
“They had three different versions of the package,” he recalled. “One was like $10,000, and $15,000 and $22,000 that you would pay overall.”
The Better Business Bureau rates these types of workshops. It's now tracking 130 of them.
“Of that, only one is a BBB accredited business with an A," said spokeswoman Katherine Hutt. "We have one that has a B+, 13 that have Cs and all the rest have Ds or Fs.”
Hutt said the BBB gets several hundred complaints a year from consumers saying they didn’t get what they paid for from flipping workshops. And, when they tried to get their money back, they ran into a brick wall. Hutt said, just like buying a home, when it comes to flipping workshops, it’s buyer beware.
The food truck craze and recreational marijuana have now collided. MagicalButter, a Seattle-based company, says its Samich food truck is just one of many pot culinary ventures.
Two groups of scientists have reported that the melting of the giant West Antarctica Ice Sheet appears to be unstoppable. Oceans could rise several feet in the coming centuries because of its melting.
The Harvard Kennedy School responded to reports that it has created an orientation class on "power and privilege" with a flat denial.
Doug Gavel, the school's Associate Director for Media Relations, told Marketplace's Mitchell Hartman that there is "false information in the media" about a class that administrators at the school were reported to have committed to scheduling for first-year students. Several media outlets picked up the story, first reported in New York Magazine's "The Cut" that, "In response to growing demand from student activists, administrators committed Friday to adding a class in power and privilege to its orientation program for incoming first-year students."
The story comes in the wake of a controversial essay on privilege written by a student at Princeton earlier this month.
Here's the text of Gavel's email to Mitchell:
There appears to be false information in the media being conveyed by reporters who have not contacted Harvard Kennedy School (HKS) officials to verify the accuracy of the information. Contrary to one article that has been picked up by others, the school is not planning to offer classes, coursework, or sessions devoted specifically to "power and privilege." The school currently offers a number of opportunities for students to discuss and learn about issues of diversity. Learning to have constructive conversations in the context of differences in race, gender, cultural background, political viewpoints and many other perspectives is important in any graduate school, particularly one dedicated to preparing its students to be effective leaders and policymakers. HKS examines opportunities offered to students to engage in these discussions, regularly assessing their effectiveness and value. We look forward to continuing to work with our faculty and students to provide the most valuable learning opportunities in this area.
Christine Lagarde, the head of the International Monetary Fund, has bowed out as the commencement speaker at Smith College. Her withdrawal is just the latest high-profile commencement speech dropout.
In a string of commencement-speaker dropouts, would-be honorary guests are being pushed out by campus protests. Meanwhile, schools are trying to boost their reputations and promote diverse ideas.
In Newark, the New Jersey city held its first mayoral election since Cory Booker left for the U.S. Senate. Ras Baraka won, and Sarah Gonzalez of WNYC explains how the mayor-elect plans to run Newark.
The New York Times has announced that Dean Baquet, the paper's managing editor, will replace Jill Abramson as the executive editor. Both Abramson and Baquet were named to their current jobs in 2011.
It’s been dubbed by foreign media as "the Airpocalpyse" -- when smog levels in Beijing go beyond what monitoring machinery is able to read.
A hundred miles east of the city, along the swamp surrounding the Bohai Sea, the foul, gray, soupy air is even more airpocalyptic, thanks to a concentration of industrial plants. On an island shrouded in smog, Capital Steel produces 10 million tons of steel a year, and millions of tons more of carbon dioxide – a greenhouse gas. But Capital Steel’s Wang Xi insists a new revolutionary project could change this: “If it’s a success, we will take gases that are now burned and released as carbon dioxide and turn them into liquid fuel instead,” says Xi, pointing to a tower of tangled pipes and valves.
Capital steel has partnered with Chicago-based Lanzatech to build a pilot plant that will trap the mill’s carbon emissions. Lanzatech engineer Jason Bromley stands in front of a five-story column of pipes and tanks. Inside, a special water-borne bacteria feeds on carbon monoxide and, after fermenting for a half day, the concoction turns into ethanol. “You can chuck that straight into most cars," says Bromley, patting one of the ethanol tanks. "In fact, you can blend 10 percent in any car and most modern cars you can blend 20 to 30 percent.”
LanzaTech's pilot plant at Capital Steel's mill in Hebei province. Inside these tanks, carbon monoxide is mixed with bacteria, water, and other chemicals to produce ethanol. The process reduces the mill's carbon emissions by a third.Rob Schmitz/Marketplace
If the pilot project is successful, it could someday cut the steel mill’s carbon emissions by a third, reduce the mill's particulate pollution, and manage to pump out 5,000 gallons of ethanol a day. The profits from selling the ethanol, says Bromely, would more than offset the cost of the project. At this stage, Capital Steel - known in Chinese as Shougang Group - is funding the joint venture in return for a license to use Lanzatech’s technology.
“Our value in that JV has come from providing the technology and the IP whereas Shougang group themselves actually put the real cash down themselves to build the plant," says Bromley.
It's American technology combined with Chinese funding – a potential template for cleaning up what’s becoming a global environmental mess.
At the Shangri-La hotel in downtown Shanghai, businessman Andrew Chung takes a breather in the lobby. He’s here to set up deals for U.S. clean tech companies. "There are many, many opportunities for U.S.-based companies to explore technology, expansion and adoption in a place like China, because there is such a strong demand for the technology. For the country’s survival," says Chung, who works as a partner at Khosla Ventures.
The venture capital fund was established by Sun Microsystems co-founder Vinod Khosla. Half of Khosla’s $2.5 billion fund has gone to clean tech companies. A few of them operate in China, like Lanzatech and a green engine company from Detroit called EcoMotors, but Chung is surprised more American tech companies aren’t interested in China. "I think very few realize that the Chinese government is putting anywhere from $60 to 80 billion a year, every year, for the next ten years into clean tech related investments, versus the U.S., where the dollars are a fraction of that," says Chung.
Chung says many U.S. companies are hesitant about China, mostly due to concerns about losing control of their intellectual property. And some have an outdated perspective on the country, something Chung witnessed firsthand at a recent White House roundtable on manufacturing he attended.
“One of the folks on the roundtable who was a C-level executive of a very well-known U.S. equipment company, basically said to me, ‘Well don’t they manufacture very simple things in China? Are they gonna be able to get to the level of quality that you need?’ I just was stunned and speechless. I kind of thought, ‘Hmm, well where you have been in the last decade?’”
Chung says this attitude that American technology is far superior to what the Chinese can do is a dangerous one. Despite his work putting U.S. and Chinese partners together, Chung says one of his biggest worries is that if the US government and its corporate interests don’t move quickly enough to fund clean tech start-ups, those American start-ups will have no choice but to take their ideas elsewhere.
That warm and fuzzy feeling you get sitting in a comfy chair could make you more generous.
So says a new book by Dr. Thelma Lobel called Sensation: The New Science of Physical Intelligence.
Lobel says she first realized sensations impacted her decisions when she and her husband were trying to sell their apartment in Tel Aviv, Israel.
"We pretty much decided what was the price we were going to ask," she says, "and then they served a lot of hot coffee. And I remember holding a warm cup in my hands all the time. Without noticing it, I went down in the price. I didn't know why I did that."
Lobel's studies later revealed that it wasn't just warm and soft sensations--not necessarily from beverages, either--that made people perceive others as nicer. Cold and hard sensations, she found, have the opposite effect. To that end, the physical copy of her book feels soft on the front cover and rough on the back--an exercise in what she calls "embodied cognition."
"All the things in the environment--the things that we see, the texture of the things we touch, the temperature of the things we touch, the colors we see, the things we smell--they all influence our behaviors, thoughts, emotions, decisions...without our awareness."
Gazprom, the energy company, has dramatically raised the price it charges Ukraine for natural gas. Despite its weak, ailing economy, Ukraine must now pay far more than any other Gazprom client.