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California Will Stop Using Coal as a Power Source Next MonthPosted by EditorDavid on Monday October 13, 2025 @12:34AM from the going-green dept.An anonymous reader shared this excerpt from a Los Angeles Times newsletter:CitarOne of the most consequential moments in California's drive to beat back climate change will take place next month. The state will stop receiving electricity from the Intermountain Power Plant in Central Utah, meaning our reliance on coal as a source of power will essentially be over...[T]he U.S. got nearly half its electricity from coal-fired plants as recently as 2007. By 2023, that figure had dropped to just 16.2%. California drove an even more dramatic shift, getting just 2.2% of its electricity from coal in 2024 — nearly all of it from the Intermountain plant. Operators plan to cut off that final burst of ions next month."And with improved technology to store power, the change has been made without the power shortages that dogged the state up until 2020..."
One of the most consequential moments in California's drive to beat back climate change will take place next month. The state will stop receiving electricity from the Intermountain Power Plant in Central Utah, meaning our reliance on coal as a source of power will essentially be over...[T]he U.S. got nearly half its electricity from coal-fired plants as recently as 2007. By 2023, that figure had dropped to just 16.2%. California drove an even more dramatic shift, getting just 2.2% of its electricity from coal in 2024 — nearly all of it from the Intermountain plant. Operators plan to cut off that final burst of ions next month.
There's No 'AI Bubble', Says Yahoo Finance Executive EditorPosted by EditorDavid on Sunday October 12, 2025 @04:44PM from the taking-stock dept."I'm here to say we have to give these AI bubble predictions a rest," says Yahoo Finance executive editor Brian Sozzi.CitarFirst of all, AI is a real technology being deployed in real ways inside of Corporate America. Second, this technology is requiring more physical assets in the ground — which are being built to support AI's real-world application. What Zach Dell (son of Michael Dell) is working on at startup Base Power (which just raised $1 billion) impressed me this week. It's addressing a key issue — power availability and costs in part because of rising stress on the grid due to AI development.Next, the spending on AI infrastructure doesn't strike me as reckless. I talk to CFOs and they walk me through their thinking, which seems logical. They aren't foaming at the mouth with wild-eyed predictions of grandeur similar to the late '90s. Plus, the tech giants making the biggest AI investments are fueling their ambitions by cash on hand — not loading up balance sheets with debt. The upstarts in AI are well funded, not being 100% stupid in their organizational build-outs. They're working on tangible technology that has actual orders behind it...Lastly here in my scolding of the AI worrywarts is that valuations don't support the warning calls. According to new research out of Goldman Sachs this week, the median forward P/E ratio across the Magnificent Seven is 27 times, or 26 times if excluding Tesla (TSLA), which has a much higher multiple than the other companies. This is roughly half the equivalent valuation of the biggest seven companies in the late 1990s, while the dominant companies in Japan (mostly banks) traded at higher valuations still. What's more, the current enterprise-to-sales ratios are also much lower than those of the dominant companies in the late 1990s."So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble," said Goldman Sachs strategist Peter Oppenheimer.
First of all, AI is a real technology being deployed in real ways inside of Corporate America. Second, this technology is requiring more physical assets in the ground — which are being built to support AI's real-world application. What Zach Dell (son of Michael Dell) is working on at startup Base Power (which just raised $1 billion) impressed me this week. It's addressing a key issue — power availability and costs in part because of rising stress on the grid due to AI development.Next, the spending on AI infrastructure doesn't strike me as reckless. I talk to CFOs and they walk me through their thinking, which seems logical. They aren't foaming at the mouth with wild-eyed predictions of grandeur similar to the late '90s. Plus, the tech giants making the biggest AI investments are fueling their ambitions by cash on hand — not loading up balance sheets with debt. The upstarts in AI are well funded, not being 100% stupid in their organizational build-outs. They're working on tangible technology that has actual orders behind it...Lastly here in my scolding of the AI worrywarts is that valuations don't support the warning calls. According to new research out of Goldman Sachs this week, the median forward P/E ratio across the Magnificent Seven is 27 times, or 26 times if excluding Tesla (TSLA), which has a much higher multiple than the other companies. This is roughly half the equivalent valuation of the biggest seven companies in the late 1990s, while the dominant companies in Japan (mostly banks) traded at higher valuations still. What's more, the current enterprise-to-sales ratios are also much lower than those of the dominant companies in the late 1990s."So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble," said Goldman Sachs strategist Peter Oppenheimer.
Toxic Workplaces Are Worsening: 80% of U.S. Workers Say Their Job Hurts Mental HealthPosted by EditorDavid on Sunday October 12, 2025 @05:44PM from the work-hurts dept.Slashdot reader joshuark shared this report from Fast Company:CitarAccording to Monster's newly released 2025 Mental Health in the Workplace survey of 1,100 workers, 80% of respondents described their workplace environment as toxic. The alarming statistic is an increase from 67% just a year ago.The challenging environment has major implications. An astonishing 71% of workers say their mental health is poor (40%) or fair (31%), while only 29% rank it positively: 20% said it was good and 9% described it as great. Workers say that a toxic workplace culture is the top cause of their poor mental health (59%), followed closely by having a bad manager (54%)...Mental health is incredibly important to employees. The majority (63%) care more about it than having a "brag-worthy" job. Likewise, many would pass on a promotion (43%) or opt out of a raise (33%) if it was better for their mental health... The vast majority (93%) say their employer isn't focused on supporting employee mental health — a statistic that rose drastically since just a year ago, with 78% claiming the same."According to the survey, more than half of workers (57%) say they'd rather quit their job than continue working in an environment they feel is toxic and overall, causing major strains to their mental wellbeing..."
According to Monster's newly released 2025 Mental Health in the Workplace survey of 1,100 workers, 80% of respondents described their workplace environment as toxic. The alarming statistic is an increase from 67% just a year ago.The challenging environment has major implications. An astonishing 71% of workers say their mental health is poor (40%) or fair (31%), while only 29% rank it positively: 20% said it was good and 9% described it as great. Workers say that a toxic workplace culture is the top cause of their poor mental health (59%), followed closely by having a bad manager (54%)...Mental health is incredibly important to employees. The majority (63%) care more about it than having a "brag-worthy" job. Likewise, many would pass on a promotion (43%) or opt out of a raise (33%) if it was better for their mental health... The vast majority (93%) say their employer isn't focused on supporting employee mental health — a statistic that rose drastically since just a year ago, with 78% claiming the same.