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Monthly Archives: January 2022
Musk Says SpaceX Could Land Humans on Mars in Just Five Years – ExtremeTech
Posted: January 5, 2022 at 8:47 am
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Humans walked on the moon half a century ago, and it looks like were heading back. NASA aims to send astronauts to the lunar surface in the coming decade with the Space Launch System (SLS) and SpaceX Starship HLS, but SpaceXs Elon Musk has his sights set on a more distant target: Mars. Hes floated some very pie-in-the-sky timelines for sending people to Mars, but now hes doubling down. In a recent interview, Musk said SpaceX will land the first humans on Mars in ten years, and thats a worst-case scenario. It could be half as long if everything goes perfectly during upcoming Starship tests.
Musk made this prediction on an episode of the Lex Fridman Podcast. The full conversation, which you can see below, is more than two and a half hours long. In it, the pair discuss Tesla self-driving technology, neural networks, memes, and of course, SpaceX. The conversation about Mars starts at around the 27-minute mark.
In the past, Musk has speculated that colonization efforts could begin this decade, featuring a fleet of Starships that congregate in Earth orbit before heading off to Mars when the planets pass each other. Musk has backed off from that level of detail as Starship takes shape. While the vehicle has accomplished some truly impressive things, its hard to see how it could be sending dozens of people to the red planet inside of a decade when it has yet to even reach orbit. When asked about the timeline on the podcast, Musk responded with a very pregnant pause. About 20 seconds later he answered that ten years was the outside range. The best-case, he said, was a mere five years.
Currently, NASA hopes to land Artemis 3 on the moon in 2025, but that timeline is looking suspect due to delays with the SLS and updated spacesuits. SpaceX is also just in the early stages of designing the Starship variant that will land the crew on the lunar surface. If those issues result in another Artemis delay, Musks proposed timeline could put people on Mars before the moon. That seems like a long shot, but it would be an incredible accomplishment and an indictment of traditional government contractors if it comes to pass.
Getting Starship to Mars is primarily an engineering problem. The goal with this vehicle is to lower the cost per ton of reaching Mars to the point where a human presence is feasible. According to Musk, no amount of money will get you to Mars right now. In the past, Musk has cited 2026 as the year he believes SpaceX will land its first Martian astronauts, but a lot of things could go wrong between now and then. Starship still needs a lot of work, and the first-stage Super Heavy booster has yet to fly at all. Whether or not Musk is right about reaching Mars in five years, SpaceX is in the best position to give it a shot.
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Hyundai wants to bring Mars to the metaverse so you dont have to go there – Business Insider India
Posted: at 8:47 am
What it wants to do is create a digital twin of yourself which will be a robot at home doing your chores or experiencing things on your behalf. Hyundai gave this example of accessing your digital twin in the metaverse and feeding or hugging your pet at home even if youre away. The same can be applied in factories where the user guides the robot in the metaverse to work on things in the real world.
A more futuristic example given by Hyundai was the possibility of people experiencing what its like to be on Mars without actually being there. In a video showcased by Hyundai, a father and daughter are seen experiencing the red planet through a Boston Dynamics Spot robot thats physically present there. Spot who is on Mars who will scan the planet collecting real-time data and imagery for your digital avatars to experience in the metaverse. Hyundai also envisions this technology to let you experience how a sandstorm feels with real-time wind data collection and even touch rocks and other objects.
This is only a concept for now and we dont know when such a metaverse experience will actually be possible. But it does give us a peek into the future which seems exciting but scary at the same time.
SEE ALSO:Heres how you can stay safe from cybercrimes in 2022
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Saitama Inu, Dogelon Mars, BabyDoge, Bitgert & Floki Inu – These Are The Most Trending Crypto Of Jan 2022 – Analytics Insight
Posted: at 8:47 am
Saitama Inu, Dogelon Mars, BabyDoge, Bitgert & Floki Inu These Are The Most Trending Crypto Of Jan 2022
The Most Trending Crypto Of Jan 2022
It takes a lot for a cryptocurrency to trend. When it is trending, it means there is something unique about the project that is attracting thousands of people to it. These five cryptocurrencies are definitely some of the trending crypto projects of 2022. Lets look at them and see why they are trending in the market.
Saitama Inu is a cryptocurrency that launched in mid-June 2021 and has been doing very well in the market. Unlike most blockchain projects that are designed to improve technology, this meme coin is simply for educational purposes. It is a community-driven token with the aim of educating crypto investors on how to make the right and smart investment decision.
Financial wellbeing is crucial in the crypto market. But the team is also developing a complete DeFi ecosystem. The development of the Saitamask has made this project very attractive to investors.
There are many other products that will be coming up for the building of the Saitama ecosystem in 2022. It is one of the exciting projects to watch hence the reason it is currently trending.
Dogelon Mars is a dog coin that has built a huge community around it. As a meme coin, there is a lot the project is associated with that has attracted many people to it. The use of the name ELON for the native coin has got many people associating it with Elon Musk, while the Doge name makes people believe that it might explode like Dogecoin.
The cryptocurrency is built on the Ethereum blockchain, and the team says it is developing the first interplanetary currency. Although there are tangible products for this meme coin, many people are investing in it. It was ranked #105 in terms of market capitalization at the time of this writing.
There is a lot of expectation that this meme coin might explode like Shiba Inu, and that is why most people are still investing in it. So there is so much about this coin that is making it trend in 2022.
Babydoge is another cryptocurrency launched on 20th July 2021. The projects objective is to decentralize financial service by providing an ecosystem with a real use case. So the team that came up with these projects has a goal to build one of the best-decentralized platforms that makes it easy.
Another reason for trending has been in the name of the cryptocurrency, as most people associate it with the success of Dogecoin. The names have made many people believe that the coin might blow up, just like Dogecoin did. This is why the price for the token has been steady since the coin launched.
But the expected ecosystem is something to watch in 2022 because the team hints at great giveaways. Therefore it is expected that there are many people that might join the project for giveaways. These are some of the reasons causing it to trend.
Bitgert (BRISE) has been trending many times since the coin launched on 28th July 2021. This is a DeFi project that is building a powerful global payment system. The system will be running on the Bitgert blockchain. Therefore, the team will eventually develop and launch a blockchain.
The current trend of this cryptocurrency is because of the exciting 2022 roadmap that the team has released. The roadmap has two major products that will set this project apart from the rest of the DeFi and blockchain projects. The first product is the centralized Brise exchange that is launching in Q1. No other DeFi project of 2021 has launched a cryptocurrency exchange.
But the zero gas fee blockchain is the biggest reason for this cryptocurrency to trade. There is no other free gas blockchain in the market, and the crypto community wants to know how it feels like to trade on one.
The doxxing of the team, the launch of the iOS wallet, and the ongoing staking process are some of the factors that could be making the $BRISE trend. Read more about the project on the Bitgert website.
Floki Inu is another dog coin that widely refers to itself as a peoples cryptocurrency and a movement. The meme coin has managed to build a huge community around it since it launched on the 11th July 2021. The cryptocurrency was formed by the Shiba Inu community, and the name comes from Elon Musks pet called Floki. Thats why the community grew big and fast.
But there are a number of factors making Floki Inu unique. One of them are utilities the cryptocurrencies is planning to deliver. The team is working on an NFT gaming metaverse called Valhalla, which is definitely an exciting project. There is also an NFT and merchandise marketplace called FlokiPlaces.
The third utility is a content and education platform called Floki Inuversity. These are three products that will make this cryptocurrency stand out in 2022. The 2022 roadmap will also reveal more about Floki. These are reasons why it is trending.
These are factors making these cryptocurrencies trend. The trend will have an impact on the coin growth, and thus they like to grow biggest in the next few days and weeks, which is a good way to start the year.
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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
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VIDEO: Dana White Goes Bonkers as He Sings a Bruno Mars Song at the Top of His Voice – EssentiallySports
Posted: at 8:47 am
The UFC President Dana White is a bold businessman, one who isnt afraid to take tough decisions. White is often credited with the success of the premier promotion and people arent wrong about this. It was indeed Dana White who convinced the Fertita brothers to buy the last iteration of the UFC. Since then, White and his team have been working hard to make UFC, what it is today.
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With that said, Dana White is not one to shy away from celebrating his success. We can often see the President enjoying himself with his professional team and group of athletes at parties. Meanwhile, we bring you a rare video of the UFC honcho singing his heart out at a celebratory event.
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The UFC President is singing platinum singer Bruno Mars chartbuster anthem, Uptown Funk. White put up a hell of a performance that the MMA will community will discuss for a long time.
Currently, the UFC President is busy matchmaking fights for the new year, 2022.
As mentioned earlier, the President of the biggest Mixed Martial Arts promotion in the world isnt one to shy away from challenges. And he demonstrated the same when YouTuber turned boxer, Jake Paul, issued a new year challenge for the UFC boss.
In the Twitter post, Jake Paul asked Dana White to increase fighter pay, share the annual revenue of the UFC with fighters and provide a long-term healthcare plan to his prospects. Meanwhile, Paul also declared that if White obliges with his conditions, the Problem Child will retire as a boxer and fight Jorge Masvidal in the UFC.
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If you two think that we can do it better than we do, were doing this whole thing wrong, you can treat the fighters better than we do. Knock yourself out. Go start your own business, its easy to do. Get the warlock on it.
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However, Dana White hit out at the 24-year-old with a sarcastic reply. White targeted Pauls manager, who worked as an accountant for White, and hinted that Jake Paul wouldnt be able to write all those conditions himself as he is stupid. Later, White suggested Paul create his own promotion if he wants to bring change.
What do you make of the verbal spat between the two? Tell us your thoughts in the comments.
Enjoyed reading this article? Download our exclusive app to get 24x7 coverage, latest memes and social media banter. Click here to download.
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Cyberpunk Electronics Innovator, GravaStar, Breaks Out of Orbit with Series of Stellar Sci-Fi-Themed, Bluetooth Speakers – Delivering…
Posted: at 8:47 am
LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- GravaStar (https://www.GravaStar.com/) officially announced the launch of its completely unique, Sci-fi themed Bluetooth speakers and TWS earbuds set to reinvent the way 21st century sound should look and feel. After a successful Indiegogo campaign for the Mars Bluetooth Speaker set the company on its current trajectory, GravaStar's team of craftsmen, cartoonists, engineers, gamers, and other creatives went on to develop more futuristic-themed sound devices.
In 2021, GravaStar also launched their latest TWS earbuds Sirius Pro and Sirius on Indiegogo. GravaStar's designs continue to combine Mecha-style and robotic-smooth aesthetics in products that are as beautiful and fun to look at as they are to use.
All GravaStar electronics are available exclusively from the company website, which regularly runs seasonal and other exclusive promotions.
"We're not just making speakers and sound devices here we're creating audio engineering art," said GravaStar founder and engineer, Yong. "That's part of the whole point and something our customers are excited to see. We put a lot of work into the small, important details of each model: our speakers and earbuds are collectibles in addition to being functional. From day one, we knew we were doing something completely unusual and groundbreaking pure cyberpunk products crafted as individual characters. We wanted our products to stand out, be different, and deliver an experience that is literally unforgettable. And that same goal will continue to drive our company's future direction as well uniquely awesome designs, better quality, pure listening pleasure. We just make everything cool!"
GravaStar: Mars Pro
Designs like: Special "Aurochs" Edition, Black, Shark 14, War Damaged Yellow, and White.
Dual speakers, 20W output, deeper bass, zinc alloy shells, multiple dynamic LED lights, touchable volume control, 15-hour battery life, and true wireless stereo.
Built for audiophiles, the proprietary DSP audio algorithms deliver deep bass, accurate mid-range, crisp high notes, and room-filling sound. The tech produces high clarity and punchy bass even at low volumes, allowing listeners to hear and feel every note.
TWS Bluetooth V5.0 technology ensures perfect stereo surround sound by pairing up two Mars Pro speakers.
Certain premium designs include DIY fun, with detachable parts that are easy to put on and take off users can create and personalize each speaker to fit their personality and style.
Each Sci-fi design has a clean and sleek exterior look, crafted from zinc alloy materials that are strong, light, and built to last resisting scratches and damage if dropped.
GravaStar: Sirius Pro Earbuds
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Equipped with Knowles Balanced Armatures and 7.2mm dynamic drivers so listeners will hear everything; hard bass that can be felt deep in the bones, with orchestral sound.
In-ear detection, zinc alloy charging case, and Environmental Noise Cancellation to cut out all unwanted background noise, while strengthening human voice sounds crystal-clear calls every time.
Six RGB lights and three sound modes for an extraordinary experience: Gaming Mode, Movie Mode, and Music Mode.
Worry-free battery built with enough power for up 16 hours of listening (four hours continuous playtime in the buds, with three extra charges in the case).
GravaStar: Professional Reviews
" the GravaStar speaker is decent and provides a respectably loud, clear and thumpy output for its small speaker size and shape. Plus you're getting more than just a speaker. Its futuristic design and lighting accents make it feel a bit more like a shelf-top collectible and discussion piece." engadget
"... the GravaStar makes a compelling visual statement." E&T Magazine
"This Bluetooth speaker may look like an AI-monster from The Matrix but it sounds great. The GravaStar from Zoeao is the weirdest Bluetooth speaker I've reviewed, but that's a good thing." TNW, The Next Web
Go online to explore the latest models, including the GravaStar X Dunhuang, along with speakers, earbuds, charging bases, and EDC gadgets like iPhone cases. And for the latest product evolution updates, follow the company on social media: Facebook, Twitter, Instagram.
About GravaStar: 'Be Cool, Play it!'Founded in 2019 by legendary industrial designer and engineer, Yong, the GravaStar team is composed of designers, craftsmen, cartoonists, engineers, gamers, music fans, explorers, and other visionaries working together to make cool things. After a successful 2019 Indiegogo launch that propelled GravaStar's signature product, the Mars Bluetooth Speaker, into the limelight, the company followed up with a second speaker, the Venus, along with the next frontier of sound: the Sirius Pro Earbuds. GravaStar re-envisions traditional electronic home appliances with its own one-of-a-kind touch creating elegant products for users who want to be different. View all of the designs at: http://www.GravaStar.com.
Media Contact: Nancy Ahn, Co-founder326280@email4pr.com +1 (858) 367-3833
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Instead of Making a New Years Resolution, Try Something New – The New York Times
Posted: at 8:47 am
One thing Im dying to try is cooking the food thats already in my fridge. I dont need it to become a habit. I just want to try it. Just once. Just once in my stupid, pointless life Id like to skip the takeout and say to myself, OK you self-righteous, needy, two-faced, unfunny, lecherous baritone, eat your groceries. That might sound small, but I believe in being gentle with myself. Cole Escola, 35, comedian and actor
I was thinking about New Years resolutions and how everyone wants to be fit and look great and also feel young. And the one thing Id like to try that Ive never done that will help me feel young in some ways is TikTok. Opera is in a constant state of emergency and TikTok has a thinly-veiled chaos. So I think theres some similarities, but to be an opera singer, you have to live this very disciplined life. And Im attracted and drawn to the kind of spontaneity that seems like its required for TikTok. And Im always trying to get insight into what different communities and different generations are thinking and try to find bridges between that and this kind of seemingly foreboding world of classical music. Anthony Roth Costanzo, 39, Grammy-nominated opera singer with the Metropolitan Opera and artist-in-residence at the New York Philharmonic
I think 2022 is maybe going to be the year that I learn how to drive. I never learned how to drive. My wife and I bought a car during the first pandemic summer, and I have been insisting to her ever since that I would learn how to drive it. And I think as much as I love being driven, I think its finally time that I need to learn how to contribute my weight. Mars Hobrecker, 28, tattoo artist
I want to learn how to cook. I think as a 45-year-old man, its embarrassing that I dont know how to cook. Because right now, if society collapses, all I could do is tell jokes, and I dont know if thats going to get the job done. I want to have something tangible to offer. Right now I can make scrambled eggs, and I used to be able to make spaghetti really good. Oh yeah, and toast. People underestimate the technique involved to make the perfect toast, and I am not one of those people. I take it very seriously: The thing about toast is you want to put the dial between 2 and 3, and then you want to push it down, but you cannot let it pop out. You have to look at it. And just when you see a little bit of brown on there, thats when you pop it up. You want it to be firm and yet soft in the middle, so then you could put that butter on there. Bashir Salahuddin, 45, writer, comedian and co-creator and star of South Side on HBO Max
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This is the No. 1 risk to the stock market right now, according to Jim Bianco – Yahoo Finance
Posted: at 8:45 am
Market veteran Jim Bianco tells Yahoo Finance the Federal Reserve could break the back of the red-hot rally in stocks as it attempts to cool inflation with interest rate hikes.
"I think that is the number one risk right now in 2022," the president of Bianco Research said inside of DoubeLine's California headquarters where he will be presenting his key themes at the bond giant's annual Roundtable Prime event. [The risk] is that the high inflation rate is perceived to be persistent, which pushes the Fed hard to do something about it and in the process of doing something about it, it puts the rally of the stock market at risk."
To be sure, the broader stock market is in no way positioned for a potential Fed heavy hand.
The S&P 500 advanced a stellar 27% last year. Apple started the first trading day of 2022 by reaching the coveted $3 trillion market cap level for the first time. Tesla shares continue to be on fire, same with Ford in part fueled by money sloshing around in the markets chasing hot stocks.
Bulls are even using market history to support their bullish thesis.
Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71-year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.
The average gain: 14%.
But Bianco is more cautious on risk, and justifiably so given the trading levels of stocks.
Adds Bianco, "My concern is the Fed makes a mistake. I think the market is concerned the Fed makes a mistake, too. Unfortunately the Fed is very good at one thing that they wouldn't like to be good at that is they raise rates until they break something. That is a real fear in the market. They will start a rate hiking campaign this spring, and it will go through the rest of this year and there will be multiple rate hikes. When are they going to end? They will go too far and raise rates too much, and either the financial markets have a hiccup or the economy slips into recession or the plumbing of the financial system has a problem."
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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The rally in Coca-Cola’s stock is just beginning: analyst – Yahoo Finance
Posted: at 8:45 am
The rally in Coca-Cola's stock (KO) is just beginning, said one closely watched beverage analyst on Wall Street.
"We see the company exiting FY21 transition year stronger for four reasons: 1) strong emerging markets despite still low vaccination rate, 2) on-premise recovering faster than originally forecasted, 3) restructuring and portfolio rationalization led to a more focused and agile organization, and 4) gross margin benefiting from incidence model. In addition, the valuation is compelling in light of improved fundamentals with a good line of sight for EPS to grow a 12% CAGR through FY23 reaching $2.71 that year, ex. potential divestiture of bottling assets," said Guggenheim's Laurent Grandet.
Grandet lifted his rating on Coca-Cola to Buy from Neutral with a revised price target of $66. He also increased his earnings projections on Coke for the next three fiscal years.
Coke's shares rose 1% to $59.86 in pre-market trading Tuesday.
The analyst's call comes as Coke has surprisingly been a top-performing stock these past three months.
Bottles of Coca-Cola soft drinks are displayed at a supermarket in the Brooklyn borough of New York. (Photo by Ramin Talaie/Corbis via Getty Images)
We say surprising as the company along with rivals in the packaged foods space continue to battle high levels of inflation that is weighing on profit margin potential. And for Coke specifically, 40% of its U.S. sales are on-premise and 30% is on-premise overseas (or tied to going out at restaurants, sporting events, etc.) not a stellar place to be amid the ongoing, unpredictable pandemic.
Shares of Coke have rallied to the tune of 12% in the past three-months, according to Yahoo Finance Plus data. The S&P 500 has returned 9.4% during that same stretch.
But Grandet believes now is the right time to play Coke's stock, citing better expense management under CEO James Quincey, a gradual return to normalcy in people going out to places and the recent acquisition of sports drink brand BodyArmor.
Adds Grandet, "We think the company is emerging leaner, and more agile with a portfolio focused on larger and more profitable brands that should drive better efficiency. The savings should help support marketing investments in 2022 back to 2019 level which should benefit the top line. In addition, the acquisition of BodyArmor now included in our model could add 300 points of growth to the North America segment and 100 basis points to the consolidated company in FY22."
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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From the Newmaverse: This is when Democrats social programs die – Yahoo Finance
Posted: at 8:45 am
A reader going by Greg B wrote in recently to protest the topline spending number for the Democrats now-moribund Build Back Better legislation. Democrats claim the bill would cost $1.7 trillion over a decade, assuming some provisionssuch as an expanded child tax creditexpire after just one year. But the real goal is to keep those programs going with new legislation in the future, which means $1.7 trillion might be more like a down payment, with the real cost being a lot higher.
Only a clueless liberal could ever say $1.7 trillion is the top line number, Greg B. wrote. Democrats have proven to be nothing but liars as they tried to use gimmicks and cheat. The Democrats social programs never end.
Greg is right about the gimmicks. As a few Democrats in the Senate objected to the $3 trillion cost of the initial BBB outline, the bills drafters cut the cost by limiting the amount of time key provisions would be in effect. Thats not a Democratic specialty, however. Both parties use those types of accounting tricks. Many of the 2017 Trump tax cuts, for instance, expire in 2026, because keeping them on the books permanently would have broken the Senates budgeting rules. Republicans, like Democrats, shield the full cost of pet policies by phasing them out at the beginning, while hoping future votes keep them going.
[The Newmaverse is Rick Newmans community of commentators, critics, cranks and crazies. Join by following Rick on Twitter or sending Rick your thoughts. Future stories may result.]
But what about those social programs? Do they ever expire? Or does the social safety net always get bigger? Those are important questions, given that BBB could return in modified form in 2022.
Signs that read "Build Back Better" and "Expand Medicare" are seen as U.S. Senator Sherrod Brown (D-OH) speaks about the Build Back Better package outside the U.S. Capitol in Washington, December 15, 2021. REUTERS/Elizabeth Frantz
The biggest social programsSocial Security and Medicareare, in fact, Democratic policies that expanded and calcified over time. Anybody complaining? Both are very popular with members of both parties, and ideas about trimming them routinely go nowhere. Every advanced nation in the world has some form of retirement security, which arguably becomes more necessary as living standards rise and life expectancy increases. Advanced nations also get progressively wealthier, so why shouldn't they provide more benefits for citizens?
But other welfare programs favored by Democrats come and go, and 2021 actually proved that some social programs dont get beyond the pilot phase. The American Rescue Plan Congress passed in March was a purely Democratic construction that only crossed the finish line because Democrats won thin Congressional majorities in the 2020 elections. No Republicans voted for the ARP, which contained a variety of programs that couldnt have drawn bipartisan support.
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Many of them ran their course in 2021 and wont be renewed, even though Democrats still control Congress. A raft of federal unemployment benefits expired in September, and the third stimulus check that went to many families is surely the last. Some Democrats favor universal basic incomea fixed cash payment that goes to most or all adult citizens on a regular basisand the combination of jobless aid and stimulus checks was a form of that. But it was very expensive and never gained mass support. Many Americans actually felt stimulus aid went too far, so that experiment is over.
U.S. Senate Majority Leader Chuck Schumer peers out from behind a mock U.S. Treasury check as he holds a press conference on the expanded Child Tax Credit payments at the U.S. Capitol in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque
Most of the ARPs COVID-related provisions, including food and rental assistance, were one-time expenditures. There were two major changes to the Affordable Care Act, one temporary and one permanent. The ARP cut insurance premiums for low-income people covered by the ACA for 2021 and 2022. It also included permanent new cost reductions for middle-income people getting coverage through the ACA. That will sharply cut insurance costs for 1 to 2 million middle-aged Americans who dont yet qualify for Medicare or get coverage through an employer and who were paying upwards of $20,000 per year in premiums before the fix. Both of those changes to the ACA could prove popular.
One of the biggest elements of the ARP was a six-month expansion of the child tax credit, along with a new rule allowing millions of qualifying families to receive half the credit in advance, on a monthly basis. That expired on Dec. 31, 2021. Whether to renew it is one of the most contentious issues among Democrats right now.
Many Democrats want to make this benefit permanent. But it would cost about $190 billion per yearnearly $2 trillion over the traditional 10-year budget windowand at least a few Democratic senators think this is way too expensive. The BBB bill included just one year of the expanded credit, which is one of the main objections of Democratic Sen. Joe Manchin of West Virginia, who sank the latest version of the bill in December by saying he wont vote for it. Manchin wants a more forthright bill that includes funding for the full expected lifespan of Democratic programs, or strips them out altogether.
The fight over the child tax credit proves Greg B. is wrong about Democrats ever-expanding social-welfare plans. Sure, most Dems would like to enlarge that net. But the political system isnt letting them. Theres no grass-roots movement demanding that Congress pass this provision, and theres a good chance voters will boot Congressional Democrats from power in 2022. Along the way, the social safety net is more likely to shrink than grow. Democrats tried, and voters yawned.
Rick Newman is the author of four books, including "Rebounders: How Winners Pivot from Setback to Success. Click here to get Rick Newmans stories by email.
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From the Newmaverse: This is when Democrats social programs die - Yahoo Finance
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Tesla, Apple and the new China syndrome – Yahoo Finance
Posted: at 8:45 am
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
Tuesday, January 4, 2021
On Monday, during a session that by all rights should have been dominated by Apple (AAPL) becoming the first company ever to hit $3 trillion market capitalization, Tesla (TSLA) did what it normally does which is steal the spotlight.
As the iPhone maker set its intraday high-water mark, buzz surrounding the electric vehicle makers blockbuster fourth quarter deliveries hit a crescendo with the stock seeing its best day in nearly a year. Effusive praise from Wall Street included the estimable Dan Ives, who called it a trophy case quarter, and predicted Tesla could see a $2 trillion market cap in less than two years, Yahoo Finances Ines Ferre reported.
The markets rapturous response to Teslas big Q4 coinciding with Apples big milestone is an irony best captured by Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management.
The investor was more complementary of Teslas software capabilities than its car manufacturing, something that came under scrutiny last week after it issued a massive recall of nearly half a million vehicles. It also underscored how two of the biggest names in technology remain intertwined years after Apple reportedly approached Tesla about a potential merger, which Elon Musk summarily denied.
Tesla is a better AI technology company than a car company, as we've all learned over the last 10 years, Gerber told Yahoo Finance Live last week, adding that the EV maker will be the most consequential company in the history of business within the next decade.
They build cars, but they're basically building an iPhone on wheels. And so the entire infrastructure that they've been building around service, for example, has been a big challenge for them. They've innovated some amazing things like mobile service.
In fact, very little has materially slowed Teslas ascent not even Elon Musks tax-related stock sale that temporarily put downward pressure on the shares.
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In a note to clients on Monday, Garrett Nelson, senior equity analyst at CFRA Research, boosted Teslas stock to a Buy from a Hold and hiked the 12-month price target to $1,250/share.
He pointed out that Teslas 2021 gains underperformed competitors like Lucid's (LCID) 280% boom and Ford's (F) 136% surge, but the completion of new factories in Texas and Germany sets the stage for further growth in 2022 and beyond.
The EV maker is increasingly popular in Europe, with Electrek reporting Norwegians have adopted its cars at a breathtaking pace. But Chinas vast market is where Teslas present and future lie as does a potential stumbling block for its ambitions.
In a report published on Monday, The Wall Street Journal underscored how the companys opening of a new showroom in Xinjiang, a region at the center of genocide allegations against the Chinese government, militates against Musks image as an iconoclastic rule breaker who frequently tangles with U.S. elected officials on Twitter.
The Xinjiang quandary is one Tesla also shares with a growing number of corporate American powerhouses like Nike (NKE), Walmart (WMT), Intel (INTC) and yes, Apple. The Morning Brief has previously covered the multitude of ways in which Beijings domestic woes, and its unique brand of geopolitical hardball, have ensnared the Sino-American bilateral relationship in a thicket of recriminations and tensions.
While China is a huge part of Teslas success, it also has the potential to inflict reputational damage on its brand as international furor toward Beijing grows more acute.
It also exposes the growing contradiction of American companies forced into a game of "go along to get along" with the Chinese government, even as they take increasingly polarizing social stances at home while paying virtually no political penalty for doing so.
By Javier E. David, editor at Yahoo Finance. Follow him at @Teflongeek
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