Ground effect vehicles, once dismissed as experimental curiosities, are experiencing a resurgence of interest. Their ability to achieve high speeds with minimal fuel consumption over water bodies makes them attractive for both civilian and military applications. By leveraging the increased lift generated near surfaces, these vehicles offer a potential solution to transportation challenges in remote or coastal regions. One of the primary advantages of ground effect vehicles is their fuel efficiency. By operating close to the surface, these vehicles can reduce drag and increase lift, allowing them to travel long distances with minimal fuel consumption. This is particularly beneficial in…
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ipopba / iStock.comTo be clear, billionaires are not avoiding investing in stocks by any means, but you may be under the impression that Wall Street is the primary way they grow their wealth. Though the richest 1% of people hold an estimated 43% of the global financial assets in the world and have plenty of options to diversify outside of the stock market, there are a few other areas where their money is concentrated.Read Next: 5 Expert-Recommended Alternative Investments: How They Work and When To InvestExplore More: 6 Subtly Genius Moves All Wealthy People Make With Their MoneyThe world’s financial…
MOSCOW (Reuters) – A woman who worked for a Russian tank factory was convicted of treason and sentenced to 12-1/2 years in a penal colony on Friday for selling military information to Ukraine. Video published by the Sverdlovsk regional court in the Urals region showed a judge passing sentence on Viktoria Mukhametova, who displayed no visible emotion. Her husband, Danil Mukhametov, is being tried separately on similar charges. Russian media said the couple both worked at Uralvagonzavod, a major tank producer. Earlier this year, Russia convicted Wall Street Journal reporter Evan Gershkovich of espionage after accusing him of gathering secret…
Americans Beware: Suze Orman Explains The Little-Known Trick To Dodge The Social Security ‘Tax Torpedo’ And Retire With More MoneySuze Orman recently dropped a golden nugget of financial wisdom on her podcast, urging listeners to consider only having Roth retirement accounts.“The best way to prepare for retirement is to only have Roth retirement accounts – bar none,” she said. Her advice is aimed at avoiding the dreaded “tax torpedo,” which has left many retirees shocked by unexpected taxes on their Social Security benefits.Don’t Miss:So, what exactly is the tax torpedo? It’s a sneaky tax that hits when your combined income…
Despite centuries of maritime transportation, innovation in sea vehicles has been slow. The Seaglider, a hybrid seaplane and boat, offers a promising solution. Combining ground effect and hydrofoils, it can travel at high speeds and distances. Powered by electricity, the Seaglider has the potential to revolutionize sea travel. The Seaglider’s unique design allows it to hover above the water, reducing drag and increasing efficiency. This enables it to achieve speeds of up to 180 mph, significantly faster than traditional boats. Additionally, its ability to travel both on and above the water makes it versatile for various applications, including passenger transport,…
Russia’s carbon registry has opened a public consultation on a methodology that would allow carbon credit projects to be… Source link
General Motors faced a minor sales decline compared to 2022, but that wasn’t enough to dethrone them from the top spot in the US auto market for the first three quarters of 2023. The Detroit giant sold nearly 1.95 million vehicles, maintaining a lead over familiar competitors like Toyota (1.73 million) and Ford (1.55 million). While Chevrolet, GM’s biggest brand, saw a 3% dip in sales, other divisions like Cadillac, GMC, and Buick experienced positive growth. Buick, in particular, enjoyed a nearly 10% sales increase. GMC, the second-largest GM brand, also performed well with a 1.5% rise in deliveries, reaching…
In a notable surge, Penns Woods Bancorp, Inc. (PWOD) stock has reached a 52-week high, touching $24.76. This peak reflects a significant uptrend for the regional bank holding company, which has seen its shares climb by an impressive 17.22% over the past year. Investors have shown increased confidence in Penns Woods, buoyed by the company’s strategic initiatives and solid financial performance, which have collectively propelled the stock to this new high. The 52-week milestone underscores the positive sentiment surrounding the company’s growth prospects and its resilience in a dynamic banking environment. InvestingPro Insights Penns Woods Bancorp’s recent stock performance aligns…
Despite General Motors and Ford Motor Company’s struggles, Stellantis’ North American subsidiary faces a more precarious situation. While both GM and Ford have managed to maintain their market positions, Stellantis has experienced a significant decline in sales, particularly in the United States. The company’s abysmal third-quarter performance has raised serious questions about the leadership of Carlos Tavares and accelerated the search for a new CEO. The stark contrast between Stellantis’ performance and that of its competitors is particularly alarming. While GM and Ford have achieved modest growth or maintained their market share, Stellantis has suffered a substantial drop in sales,…
(Bloomberg) — (Corrects the percentage decrease in demand for offsets in the 2nd paragraph of a story originally published on Nov. 27, 2023, and related figures in the first two charts.)Most Read from BloombergCarbon offsets once looked primed for unstoppable growth. Analysts had forecast that the credits, which claim to wipe out a ton of emissions, would be worth hundreds of billions of dollars in the coming years. But companies are starting to cool on the market as it faces increasingly sharp criticism from scientists and experts.Purchases by banks, airlines, industrial heavyweights and other businesses fell for the first time…