Economy – Page 73 – THE OVAL CIRCLE

The $7 TRILLION cost of upgrading the US power grid

Posted on March 2, 2021March 2, 2021By Editor

The Texas freeze that led to numerous blackouts has made the state painfully aware of the shortcomings of its power grid, but the real problem is much larger, and goes way beyond Texas. … Read More >The $7 TRILLION cost of upgrading the US power grid

Business

Natural gas production plunged 45% during the Texas freeze

Posted on February 28, 2021February 28, 2021By Editor

Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from IHS Markit. … Read More >Natural gas production plunged 45% during the Texas freeze

Business

Could Boeing win back public trust, or is it lost forever? RT’s Boom Bust explores

Posted on February 27, 2021February 27, 2021By Editor

An investigation is underway into an incident that saw one of the engines of a United Airlines Boeing 777 suffer a catastrophic failure and explode mid-flight over the US city of Denver this past weekend. … Read More >Could Boeing win back public trust, or is it lost forever? RT’s Boom Bust explores

Middle East

‘At least $1bn’ of Iran’s frozen assets to be released by South Korea after Tehran meets with Seoul

Posted on February 25, 2021February 25, 2021By Editor

Iran’s Central Bank says the country expects to receive at least $1 billion dollars of frozen Iranian assets being held by South Korea in accordance with US sanctions on Tehran, after Seoul agreed to release some of the funds. … Read More >‘At least $1bn’ of Iran’s frozen assets to be released by South Korea after Tehran meets with Seoul

Russia

‘We might be doing something wrong,’ Carnegie think tank VP says about Rolls-Royce sales hitting all-time high in Russia

Posted on February 24, 2021February 24, 2021By Editor

The popularity of Rolls-Royce cars in Russia is apparently a sign of underwhelming performance for the Carnegie Endowment for International Peace, judging by the words of its Russia-focussed vice president. … Read More >‘We might be doing something wrong,’ Carnegie think tank VP says about Rolls-Royce sales hitting all-time high in Russia

Business

Russia-Germany trade turnover falls to lowest level in 16 years

Posted on February 24, 2021February 24, 2021By Editor

The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations. … Read More >Russia-Germany trade turnover falls to lowest level in 16 years

Business

Russian e-commerce market posts explosive growth during Covid pandemic

Posted on February 24, 2021February 24, 2021By Editor

Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in the country. … Read More >Russian e-commerce market posts explosive growth during Covid pandemic

Shows

Decent pay pays off

Posted on February 23, 2021February 23, 2021By Editor

On this episode of the World According to Jesse, Governor Ventura and his co-host Brigida Santos discuss the effect of climate change on the national power grid, and education during the pandemic. Later in the show, Jesse talks about the minimum wage to Dan Price, a man who is the definition of a good boss. … Read More >Decent pay pays off

USA

Houston, Fort Worth Mayors Say Government Should Pay for Texans’ $5,000 Electric Bills

Posted on February 22, 2021February 22, 2021By Editor

Abnormally cold and snowy weather swept through several regions of the US, with at least 58 casualties. Texas has become one of the worst-hit states since the bad weather has led to massive power outages, the suspension of refineries and other businesses. … Read More >Houston, Fort Worth Mayors Say Government Should Pay for Texans’ $5,000 Electric Bills

USA

‘People turn off their power because they can’t afford it’, Texas woman slapped with $11,000 electricity bill tells RT

Posted on February 21, 2021February 21, 2021By Editor

Texas infrastructure wasn’t ready for the winter storm that paralyzed the state this week, and it’s unfair that the working people are now forced to pay the price, a local woman, who received a shocking power bill, told RT. … Read More >‘People turn off their power because they can’t afford it’, Texas woman slapped with $11,000 electricity bill tells RT